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Simply put, more people would be unemployed if not for the stimulus bill. The exact number of jobs created and saved is difficult to estimate, but nonpartisan economists say there’s no doubt that the number is positive.
The real price tag for stimulus: Between $1 trillion and $1.7 trillion
One would hope that for that much money you would see a positive number. Problem is the rate of enployment today is lower than it has been since Jimmy Carter was in office.
The labor force participation rate has been discussed at length and peaked in the 90's. The 25-54 cohort has the highest attachment to labor, but that group grew .4% vs 2.6% for the 55+ crowd that has a much lower participation rate.
The labor force participation rate has been discussed at length and peaked in the 90's. The 25-54 cohort has the highest attachment to labor, but that group grew .4% vs 2.6% for the 55+ crowd that has a much lower participation rate.
It's falling because we are running jobs offshore. Something that Obamacare continues to do. Obama said that he would address this when he was candidate Obama.
It's falling because we are running jobs offshore. Something that Obamacare continues to do. Obama said that he would address this when he was candidate Obama.
He's done nothing but make the problem worse.
He obviously can't stop Verizon from hiring Indian customer service reps or techs, but you can't say he's done nothing.
Bush was a complete failure as a president. Obama has followed his failed policies. Odds are McCain would have followed many of these same policies.
True... but a lot of Obama haters fail to see this. I don't think anyone will get elected if they go against the grain of the puppet masters. However, its still entertaining to debate those who revise history to win an argument.
Those who argue about NAFTA and other policies fail to understand that most have been pushed by both parties.
As I said, Obama obviously can't stop a company from hiring service and tech jobs in India.
It is important to note that the largest shareholder of companies like Verizon is govt so the same way they offshored they can onshore. Obama is just the CEO, but it can be undone the same way it was done.
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