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The U.S. economy is finally crawling out of a deep hole, and is surprisingly on the threshold of massive job creation, writes economist, and former vice chairman of the Federal Reserve, Alan S. Blinder.
“You have probably heard a lot of doom and gloom lately, including talk of a jobless recovery, an L-shaped recovery, which means no recovery at all, or even a W—the feared double-dip recession,” writes Blinder in The Wall Street Journal.
They have to at least convince us - because they are now planning an amnesty that will easily bring in 100 million people -- "family reunification" where the current illegals not only are rewarded with citizenship but are being told they will be allowed to bring in their long-lost relatives to come join them here.
They have to at least convince us - because they are now planning an amnesty that will easily bring in 100 million people -- "family reunification" where the current illegals not only are rewarded with citizenship but are being told they will be allowed to bring in their long-lost relatives to come join them here.
And counted in the census for governmental representation!
The U.S. economy is finally crawling out of a deep hole, and is surprisingly on the threshold of massive job creation, writes economist, and former vice chairman of the Federal Reserve, Alan S. Blinder.
“You have probably heard a lot of doom and gloom lately, including talk of a jobless recovery, an L-shaped recovery, which means no recovery at all, or even a W—the feared double-dip recession,” writes Blinder in The Wall Street Journal.
Maybe someone should deplete Mr. Blinder of all his wealth, bring him down to our level, so that he can experience first-hand our suffering. Wealthy people like him have no idea how little of help they are to those that have not. Ain't the likes of him the reason why many of us are out of jobs in the first place??
"on the threshold of massive job creation" - yeah but what kind of jobs? mostly lately it seems the jobs created are bogus kind of jobs. Not quality employment in a real industry.
The job market around here does seem to be easing a bit lately. There are definitely more listings, and while not neccessarily for high paying jobs, they aren't minimum wage either. I'm seeing a lot of jobs that are paying in the $10-13 range. The good news, a lot of what I'm seeing is in warehouse work, shipping and receiving, materials management, etc. That tells me that companies and consumers are starting to buy again--which means that there will be more jobs in the manufacturing, transportation, and retail/wholesale segments. This will ultimately add jobs in administration, accounting, banking/finance, and I/T.
Personally I think we've seen the bottom and I think that things will begin to drastically change over the next six months.
I don't think we'll be back where we were three years ago--I hope not because that was an artificial economy--but I expect that over the next six months we'll see at least a 2% drop in unemployment numbers, and I wouldn't be surprised to see a 3-4% drop by the end of 2010.
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