usa today, may 20:
wsj, tuesday:Nearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the Great Depression.
The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in December 2007. That is by far the worst performance of job generation following any of the dozen recessions since the 1930s.
In the past, the economy recovered lost jobs 13 months on average after a recession. If this were a typical recovery, nearly 10 million more people would be working today than when the recession officially ended in June 2009.
Job creation limps along after recession - USATODAY.comTwo years ago, officials said, the worst recession since the Great Depression ended. The stumbling recovery has also proven to be the worst since the economic disaster of the 1930s.
Across a wide range of measures—employment growth, unemployment levels, bank lending, economic output, income growth, home prices and household expectations for financial well-being—the economy's improvement since the recession's end in June 2009 has been the worst, or one of the worst, since the government started tracking these trends after World War II.
Debt Overhang Slows U.S. Economic Recovery - WSJ.com
reuters sees the same, tuesday: The US Jobs Gap | Reuters.com
I cited previous examples of financial crisis to which he got up and ran away from the thread.
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu
Waiting for some new industry to come along is a fools errand. What we need is to start building our own products again. Probably as much of a fools errand given the free trade agrement mania weve seen since the 80s.
I have a better solution. No, two better solutions:
1) Try getting a job outside your field of expertise. Yeah, sports, you're not going to get a job as an architect if there's only 1 position available for every 20 graduated architects. Try serving tables instead. Oh, the income isn't half as good as in my previous job. Well, then next time when you go vote, make sure you don't vote for a jerk that is going to generate a huge unpayable debt for the country or just export thousands of jobs overseas.
2) Emigrate to another country. Are you good with languages? No? Tough luck, then.
There are a lot of book smart street stupid liberals who continue to support Obama because they buy his rhetoric and ignore his record. What a great smile, what great rhetoric, what terrible results.! Now for your solution?
well. it looks like his solution for an economic period of pain matched only by the 30's is a tariff.
....now. it seems i recall they tried that in the 30's as well....
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
Today there are over 24 million plus unemployed Americans(153 million Civilian labor force(bls.gov) X 16.2% total unemployment) and these people are paying very little if anything in taxes. These people have to be put back to work and Obama doesn't have a plan to do that.
Romer and Bernstein on stimulus - NYTimes.com
he looks fantastic getting off a plane (not as good as he used to, tho)What a great smile, what great rhetoric
really, he and michelle, on the platform, waving, descending the steps...
absolutely fabulous imagery, all around the world, and that's truly worth something
obama has outstanding posture, wears a suit of clothes magnificently, holds that chin up for all to see...
these are still his best qualities as a leader