US Economy Permanently Damaged

[longknife]

All of you who just can't help but turning to charts to explain everything are going to live this piece! Here's the 1st one:

I am certainly no expert on stuff like this but this piece seems to make a whole lot of sense to me. And, IMHO, this is going to make a bigger impact on the mid-terms than any of the constant hype we see in the media.


See all and READ the explanations @ Prison Planet.com 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

 

[S.J.]

The only jobs created under Obama have been government jobs. Not good.

 

[Moonglow]

well you can thank the exportation of jobs during the first decade of the 21st century..

 

[CrusaderFrank]

He said he would "Fundamentally transform" America, he never once said it would be for the better

 

[Moonglow]

Don't worry Bush had us covered...

Not...

 

[Henrik]

I think the American economy should focus on a strong and dynamic growth. Creating new jobs in like focus on companies where the jobs is created. Subdized new companies and give them the oppurtunity to grow. I also think America should focus on creating more jobs with minimum wages.

America should focus on being strong and hold an economic growth. Free trade more with European Union, China and the undeveloped world. Focus also on economic growth in those countries and a peaceful development.

 

[Old Rocks]

The only jobs created under Obama have been government jobs. Not good.

Sheesh, what a lying hack you are.

 

[Freemason9]

There can be no significant economic growth in the long term without wage growth--and in an economic system that rewards low wages and suppresses labor reform, I see no promising future in the U.S.

 

[Moonglow]

The upper class or wealthiest greatest fear is a strong middle class. Why they may start acting like the upper class...how drole...

 

[DGS49]

In economics, as in politics, there are two different "America's."

For Progressives/Liberals, job creation is job creation. If a job is created to fill a position in a newly-founded government agency, or if a city decides to hire one more policeman, or if a company is award a government contract and has to hire someone to fulfill that contract, it is a job that was created "by Government," and proof that Progressivism "works." To the Progressive, these jobs are in every way equal to the job created when a startup high-tech company has to hire someone to, say, train new clients on the use of their product.

The Progressive doesn't recognize the concept of value to the society and economy (or the lack of same).

We Conservatives see that new government (or contractor) job as a net NEGATIVE addition to the American economy. That government worker, or policeman, or contractor employee produces NOTHING OF VALUE, and the cost of the person must be paid (i.e., taken OUT of the economy) by the taxpayers. Those dollars are not available for buying a car or going out to dinner or investing in a 401k. And the cost of that one (1) new government worker runs in the MILLIONS OF DOLLARS, when you count a lifetime of wages, benefits, retirement payments, and so on.

The startup company, however, is CREATING WEALTH. The product or service that they pay is seen by the public as something they willingly pay for (otherwise the company goes out of business).

The values of those two jobs are not equal. Government policies should be laser-guided to promote the creation of private sector (non-government contractor) jobs, NOT more teachers, cops, firement, regulators, inspectors, TSA slugs, or whatever. Progressives just don't get it.

Don't take this little screed as a criticism of ALL government workers. There are vital functions carried out by Government workers every day, and God bless 'em if they do those jobs conscientiously. But seeing more and more government workers as a "good" thing is irresponsible and short sighted.

 

[Moonglow]

In economics, as in politics, there are two different "America's."

For Progressives/Liberals, job creation is job creation. If a job is created to fill a position in a newly-founded government agency, or if a city decides to hire one more policeman, or if a company is award a government contract and has to hire someone to fulfill that contract, it is a job that was created "by Government," and proof that Progressivism "works." To the Progressive, these jobs are in every way equal to the job created when a startup high-tech company has to hire someone to, say, train new clients on the use of their product.

The Progressive doesn't recognize the concept of value to the society and economy (or the lack of same).

We Conservatives see that new government (or contractor) job as a net NEGATIVE addition to the American economy. That government worker, or policeman, or contractor employee produces NOTHING OF VALUE, and the cost of the person must be paid (i.e., taken OUT of the economy) by the taxpayers. Those dollars are not available for buying a car or going out to dinner or investing in a 401k. And the cost of that one (1) new government worker runs in the MILLIONS OF DOLLARS, when you count a lifetime of wages, benefits, retirement payments, and so on.

The startup company, however, is CREATING WEALTH. The product or service that they pay is seen by the public as something they willingly pay for (otherwise the company goes out of business).

The values of those two jobs are not equal. Government policies should be laser-guided to promote the creation of private sector (non-government contractor) jobs, NOT more teachers, cops, firement, regulators, inspectors, TSA slugs, or whatever. Progressives just don't get it.

Don't take this little screed as a criticism of ALL government workers. There are vital functions carried out by Government workers every day, and God bless 'em if they do those jobs conscientiously. But seeing more and more government workers as a "good" thing is irresponsible and short sighted.

Then why did Reagan increase the govt. roles so mush?

 

[EdwardBaiamonte]

But seeing more and more government workers as a "good" thing is irresponsible and short sighted.

yes govt workers work for a monopoly so have no incentive to be efficient, and, they work with other people's money(yours) so are far less efficient than even a private sector monopoly.

Liberals lack the IQ to understand so we still have decadent liberalism.

 

[Moonglow]

Liberal lack the IQ to understand so still liberalism.

And ummm,,,what program on the internet do I use to decipher what was written?

 

[chikenwing]

In economics, as in politics, there are two different "America's."

For Progressives/Liberals, job creation is job creation. If a job is created to fill a position in a newly-founded government agency, or if a city decides to hire one more policeman, or if a company is award a government contract and has to hire someone to fulfill that contract, it is a job that was created "by Government," and proof that Progressivism "works." To the Progressive, these jobs are in every way equal to the job created when a startup high-tech company has to hire someone to, say, train new clients on the use of their product.

The Progressive doesn't recognize the concept of value to the society and economy (or the lack of same).

We Conservatives see that new government (or contractor) job as a net NEGATIVE addition to the American economy. That government worker, or policeman, or contractor employee produces NOTHING OF VALUE, and the cost of the person must be paid (i.e., taken OUT of the economy) by the taxpayers. Those dollars are not available for buying a car or going out to dinner or investing in a 401k. And the cost of that one (1) new government worker runs in the MILLIONS OF DOLLARS, when you count a lifetime of wages, benefits, retirement payments, and so on.

The startup company, however, is CREATING WEALTH. The product or service that they pay is seen by the public as something they willingly pay for (otherwise the company goes out of business).

The values of those two jobs are not equal. Government policies should be laser-guided to promote the creation of private sector (non-government contractor) jobs, NOT more teachers, cops, firement, regulators, inspectors, TSA slugs, or whatever. Progressives just don't get it.

Don't take this little screed as a criticism of ALL government workers. There are vital functions carried out by Government workers every day, and God bless 'em if they do those jobs conscientiously. But seeing more and more government workers as a "good" thing is irresponsible and short sighted.

Then why did Reagan increase the govt. roles so mush?

Reagan wasn't the only guy in DC??

 

[Freemason9]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

 

[oldfart]

All of you who just can't help but turning to charts to explain everything are going to live this piece! Here's the 1st one:

I am certainly no expert on stuff like this but this piece seems to make a whole lot of sense to me. And, IMHO, this is going to make a bigger impact on the mid-terms than any of the constant hype we see in the media.


See all and READ the explanations @ Prison Planet.com 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

Ok, this really goes back to an IMF report this week that the financial crisis and inept response by governments have permanently lowered the growth of the world economy.
IMF says economic growth may never return to pre-crisis levels Business The Guardian

I've been making this point since 2009. It's pretty much a no-brainer except for folks in denial. Every year of slow growth/depression is marked by physical plant wearing out or becoming obsolete without replacement and workers out of work having job skills atrophy. All forms of capital are degraded and thus the ability to produce in the future declines. All this is extremely bad for the economy, but it also is very good for corporate profits (weak labor markets depress real wages and not replacing equipment lowers costs) until, of course, the economy totally tanks.

 

[longknife]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

You have got to be kidding!

Explain just how government is "productive". Producing what? And, give us some examples of how it "adds to the asset base?"

 

[Freemason9]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

You have got to be kidding!

Explain just how government is "productive". Producing what? And, give us some examples of how it "adds to the asset base?"

Do you drive on roads, or do you stay in the basement? Did you know that the government was responsible for the initial development of the Internet?

Life must be such a mystery for you.

 

[EdwardBaiamonte]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

dear, you are a liberal so please don't assert anything as if you have something to add.

Govt is a violent monopoly so has very little incentive to be efficient compared to corporate America which functions in a highly competitive worldwide market with no coercion.

 

[EdwardBaiamonte]

Did you know that the government was responsible for the initial development of the Internet?

totally stupid and totally 100% liberal. The USSR tried letting govt bureaucrats pick new products and did not produce one single consumer product innovation. Same for Red China. What does that teach you about deadly liberalism you libcommie freak?