I heard a news report today that said job growth would have to be 250,000 per month for the next five years to get unemployment in the US down to 5%.
The stock market dropped sharply after that report was was released.
By the time of 2015 there will be more than the number that are jobless now probably half the nation.
When I hear the code word 'uncertainty' I think of business, wealthy, corporations, and market managers really saying, give us what we want and we will get back in the game. Money is being held back, not because a worry over taxes, or new regulations on liquidity, but rather as a lever in the debate.
Productivity is pretty much maxed out so adding to the work force is the next logical step but a great dance is being done prior to the election.
After the train wreck that got us here I would think most would be happy it is a positive number, but then again it is an election year.
You are just FULL of buzz words, eh?
Investing - More government spending...of money we don't have. That's REAL smart, eh?
They deem worthy - The government has no right or responsibility to deem ANYTHING worthy. Government should treat all citizens, businesses and sectors as equal. No favorites.
Kickstart growth - The only way government can kickstart growth is by leaving the economy alone. Keep its fingers out of the pie.
Revenue can be used to pay down the debt - LOL!!! This is TOO funny!! When did the government EVER pay down the debt?
Damn...people who think the government is the answer are pathetic!