US GDP rises 5.7%, but corporations aren't hiring

[Zander]

Exactly.....then Bush did nothing as it withered to 8150 when he left office


Last I checked, it was over 10000 since Obama took office

You really think Obama is responsible for stock prices?

In this case....yes I do

Under Bush, the Market crashed from a high or 14000 down to 8150 when he left office. The Bush market crash eventually reached a low of 6500.

The market was in a panic that the financial markets would crash and that nobody would stand behind the banks. Both Bush and Obama passed TARP packages to shore up the banks and return investor confidence.
The market turned around within two weeks of Obama passing his $800 billion stimulus package

So ...YES...he did impact the market

Ok. Since Obama is responsible for stock prices, I will bookmark this thread and remind you of what an utter failure he is when stock prices fall.

 

[Harry Dresden]

How much were last quarter's growth numbers revised downward, and how much of that "growth" is attributed to gubmint just throwing money around?

Inquiring minds want to know.

that is jsut what the stimulus is supposed to do you fool, keep it all from coming to a crashing halt.

they hate it and say it didnt work while hating it for working.

Im sooo sick of partisan hacks.

well you should be pretty sick of yourself then.....

 

[Harry Dresden]

If the gubmint just throwing around money equates to that much of a rise, we need to do more stimulus spending

i agree....but this time give it to the American tax payer.....you want to see the economy stimulated.....give it to us.....and i dont mean a paltry 600.00 bucks.....

 

[Oddball]

How much were last quarter's growth numbers revised downward, and how much of that "growth" is attributed to gubmint just throwing money around?

Inquiring minds want to know.

that is jsut what the stimulus is supposed to do you fool, keep it all from coming to a crashing halt.

they hate it and say it didnt work while hating it for working.

Im sooo sick of partisan hacks.

If you knew anything about economics, I'd say you're being dumb on purpose.

But you don't and it's still on purpose.

 

[Big Fitz]

Barb, I see you gave footnotes for your keynsian morons still allowed to teach in this nation due to tenure but are fucking clueless to common sense.

Our own past shows that when our prosperity and productivity was at its peak was when our government spent money, regulated, and structured the economy. In fact, our highest economic growth was during the early 1940s when a wartime government virtually managed the economy, and the 1960s at the height of social welfare expansion. (1)

And if we break all the windows, we'll have a massive need for glass and window installation too and the government can subsidize that.

Every dollar taken from the private sector by government in taxes, since government produces nothing, it must take from the private sector, is a dollar lost to reinvestment or increasing productivity. What profits have the Great Society produced? All I see is debt produced. At least in the Great Depression, which by your logic should have been even MORE prosperous, gave us the TVA, Hoover Dam, Grand Coulee Dam and many other public work infrastructure projects.

Reagan blamed the deficits on Congress, while 95% of the reason for them was high defense spending and the refusal to raise taxes to pay for them. In 1982 the deficit was 90 billion dollars, and by 1987 they totaled 283 billion dollars. This caused the US to borrow, the borrowing raised interest rates, the higher interest rates attracted foreign capital, causing the dollars value to rise disproportionately to its true value. As the dollar skyrocketed, imports became cheaper than products made by American labor, forcing many American businesses to relocate to third world countries in order to take advantage of more cost effective labor platforms.<And the right blamed it all on the UNIONS> Meanwhile trade imbalance became disproportionate as foreign markets could not afford American goods at inflated dollar value. (2)

So... the unions have done nothing to pressure employers with unsustainable wages and benefits forcing their costs to be higher? I see. It's all fiscal/monetary policy and Reagan's military build up after the Ford/Carter years of letting it fall into decline despite the soviet threat. Bollocks.

The original force still remains the same: It became cheaper and easier to move overseas because of the situation in the US became anti-business through the natural flux of bad fiscal policy, worse labor policy and abysmal environmental policy that went berzerk in the 1990s.

Lash, Gillman, and Sheridan investigated the assault on the Environmental Protection Agency by administration policy, means testing, budget cuts, and the person of EPA Administrator Ann Gorsuch Buford. A Season of Spoils; The Reagan Administration's Attack on the Environment describe the hazards that leaded gasoline posed, and connect the savings regulation reform offered to industry to the physical and neurological damage caused by lax regulation of hazardous waste. (4) This is particularly important, as the rhetoricians of the Reagan Revolution blamed the poor directly for their condition , and considered at least some of their problems inherent to the lower economic classes.

Do you have a source outside of the 1980's not written by a closet marxist professor with a hate on towards Reagan? We are talking about an out of control EPA looking to regulate a non pollutant for the sake of a hoax: Carbon Dioxide. Lead in the atmosphere is an honest to God pollutant. Quickly quantifiable as it does not naturally occur. This is part of what the EPA is supposed to deal with. Not play fuckaround fuckaround with political weather grandstanding. Sulfur Dioxide standards to help end acid rain were also good things.

The problem is that now these issues are defeated, they're looking for busy work and justification of expanding their budget by getting involved in the Global Warming (Hoax) debate by regulating a non-pollutant that has the possibility to get them involved in every aspect of your life from cradle to grave and then some.

The impact of this utter criminal stupidity is undeniably bad for this nation as the science 'proving' the threat has now been exposed as fraudulent by a bunch of anti-human hucksters, but yet they are pushing forward anyway despite the devastation even India, China, Russian and a few dozen more countries see as inevitable when enacted.

Know the difference between real threats like Love Canal, and imagined ones like Ozone Holes.

Taxes:

Tax relief offered higher benefits for high-income families, and effectively raised taxes for lower income families. Cuts to benefit programs disproportionately and negatively affect those with lower and reduced incomes. The Tax policy raised buying power only modestly for the middle class, not at all for the poor, and the wealthy experienced the greatest increase.(6)

CORPORATE TAXES DIPSHIT! Not income taxes paid by their employees. Secondly, the war on poverty has done nothing but increase poverty and destroy the minority community and urban areas. They create dependency of government, creating an indigent class that believes that they are owed an existence on the backs of others. Give them work instead. BTW, when's the last time you got a job from a poor person? Instead of punishing them by stealing their money to give to ingrates, how about encouraging them to invest their excess wealth in businesses that create work for them? Hmmmmmm? Make em get off their lazy ass and work.

Oh and by the way, I'm working-poor here, so don't try that 'you don't know' shit with me. You ever worry about paying rent, or choosing food or gas in the car? I have. I've had to use these programs in the past and know from personal experience what a degrading experience it is to have to put your hand out for money you don't deserve. It was shocking to see how many people were like "just gimme my damn ebt card, I gotta get to go get some smokes".

You need some new information. Dr. John Lott's "Freedomnomics" may help you out some. He has more knowledge on economics than any of the pinheads you referred to. Or maybe even "An Inconvenient Book" by Glenn Beck. Better research than the ivory tower tards you brought out.

Otherwise, here. Try Jason Lewis's radio show. The Jason Lewis Show

 

[Harry Dresden]

Obama,the congress, even Fucking Pelosi...the 3 stooges.....i dont care who is responsible....i hope 40 million jobs are created by the end of the year.....i have never delivered more unemployment checks then what i am delivering today......and every week 1or 2 new ones show up....

 

[Chris]

So, are you suggesting that in the areas of social and environmental policy that we all engage in a 'race to the bottm' in order for the US to become the most attractive place to do business? Wouldn't it be better to try and bring the rest of the world up in those areas rather than bring the US down to where they are?

The economic well being of the rest of the world is not our responsibility. It is that of those people's governments to raise their standard of living, or for the people to replace them till they can live a better standard of life. We have no responsibility to make it easier for them to do so on the backs of our children.

And yes, over-regulation, like the EPA's ever increasingly stringent rules and regulations with no cost/benefit analysis required on their part has killed industry in our nation. When's the last time you have heard of a new Steel Mill being built here? Why is that? As someone who's worked for an Iron Foundry before I can flat out tell you there are 3 main reasons why costs to do here are prohibitively high.

1. Pollution regulation. The EPA, with the radical environazis are intent on stopping any manufacturing like this from occuring in this nation again. The amount of lawsuits to stop nuclear power plants, coal power plants, any waste disposal dumps and everything else is insanely high in this nation because of religious zeal of the greens in their anti-human quest, and a good healthy dose of NIMBY.

2. Unions. Union costs are crippling the auto industry with legacy costs, and they're trying to force their way into every aspect of manufacturing and other foundational industries. Why deal with these assholes when you can go to China, India, Taiwan, Vietnam and get workers who will not strike or demand insane wages for essentially non-skilled labor? I'm for the basic protection of abuse by management from labor. I am NOT for them strangling every industry they get in bed with because they want to live the life of millionaires while working as janitors. See the pay scale for a GM custodian if you don't believe me.

3. Punitive taxation. P-BO and his ilk have a crazy notion that all profit is bad. Probably because they've never had to make one to survive before. They've no real world business experience, and therefore seem to have it in their silly little noggins that the University system is how all business should be. So, when they hear about Exxon profiting, they assume they must be stealing. They ignore that profit is reinvested or spread across a billion plus shares making the earnings from them a pittance if anything because they have to struggle to survive as well. On the other hand, they ignore the profit percentage of Hedge Funds which almost skim 80% off the top for their profit, instead of big oil's paltry 10%. Why would you bother to risk your business here when you can go over seas, not risk double taxation and a government who won't punish you for being successful?

These are reasons why business is fleeing this nation. If you want links, be your own research monkey. I know it's out there, I've seen it before.

Oh, horse shit.

Our own past shows that when our prosperity and productivity was at its peak was when our government spent money, regulated, and structured the economy. In fact, our highest economic growth was during the early 1940s when a wartime government virtually managed the economy, and the 1960s at the height of social welfare expansion. (1)

Reagan blamed the deficits on Congress, while 95% of the reason for them was high defense spending and the refusal to raise taxes to pay for them. In 1982 the deficit was 90 billion dollars, and by 1987 they totaled 283 billion dollars. This caused the US to borrow, the borrowing raised interest rates, the higher interest rates attracted foreign capital, causing the dollars value to rise disproportionately to its true value. As the dollar skyrocketed, imports became cheaper than products made by American labor, forcing many American businesses to relocate to third world countries in order to take advantage of more cost effective labor platforms.<And the right blamed it all on the UNIONS> Meanwhile trade imbalance became disproportionate as foreign markets could not afford American goods at inflated dollar value. (2)

Past efforts at regulatory relief?

Robert Leone contributed information about the regulatory relief effects targeted to auto industries. The “auto package” was 34 specific regulations actions designed to reduce regulatory costs for the auto industry by $1.4 billion annually. The goals were not met regarding sales or employment, but the industry profits went up due to the industries focus on reducing employment. (3)

And what are the results of regulation relief?

Lash, Gillman, and Sheridan investigated the assault on the Environmental Protection Agency by administration policy, means testing, budget cuts, and the person of EPA Administrator Ann Gorsuch Buford. A Season of Spoils; The Reagan Administration's Attack on the Environment describe the hazards that leaded gasoline posed, and connect the savings regulation reform offered to industry to the physical and neurological damage caused by lax regulation of hazardous waste. (4) This is particularly important, as the rhetoricians of the Reagan Revolution blamed the poor directly for their condition , and considered at least some of their problems inherent to the lower economic classes.

Industry, as of 1983, generates 150 million metric tons of hazardous waste per year. In March of 1981, Vice President Bush, as head of the Regulatory Task Force, “targeted for ‘regulatory relief’ the whole of the EPA’s hazardous waste control program.” One of Gorsuch’s more egregious actions was to indicate to a gas refiner that the EPA would not pursue enforcement of lead levels in gasoline, as the regulation was under review and likely to be reversed. Lead, released, as particulates from automobiles, does not degrade. Exposure to lead particulates is most intense in inner cities, and the ones most vulnerable to exposure are short people, children. One in five children living in urban poverty between 1976-1988 had levels higher than 30 micrograms per decimeter. High levels of lead in children’s blood, 30 micrograms per deciliter, cause lower IQ scores and learning disabilities by induced restlessness and inability to concentrate. (5)

Taxes:

Tax relief offered higher benefits for high-income families, and effectively raised taxes for lower income families. Cuts to benefit programs disproportionately and negatively affect those with lower and reduced incomes. The Tax policy raised buying power only modestly for the middle class, not at all for the poor, and the wealthy experienced the greatest increase.(6)

1. Chafe, William H. The Unfinished Journey : America Since World War II . 4th Edition . New York, New York: Oxford University Press, Inc. , 1986, 1991, 1995, 1999, 475.
2. Ibid, 486-487.
3. The Urban Institute Press. The Reagan Regulatory Strategy. 1st. Edited by George C. Eads and Michael Fix. Washington, DC: The Urban Institute Press, 1984, 8-9.
4.Lash, Jonathan, Katherine Gillman, and David Sheridan. A Season of Spoils; The Reagan Administration's Attack on the Environment. 1st Edition. New York, New York: Random House, 1984, xii, xiv, and 102.
5. Ibid, 27, 131-142.
6. The Urban Institute. The Reagan Experiment. 1st Edition. Edited by Isabel V. Sawhill John L. Palmer. Washington, DC: The Urban Institute Press, 1982, 21-22.

Great post.

The facts speak for themselves.

 

[rdean]

OK, you got all the way to 2007. Now, what happened between 2007 and 2009?

Go ahead and think it through.

Now, what happened between 2009 and today?

You really make this too easy. In January of 07 the Democrats took charge of Congress.

So what happened?

I don't know...what did happen?

Can you point out specific legislation that crashed the economy?

Here is an opinion piece by Nobel Prize winner (Economics) Paul Krugman from Jan 21 of 2008.

Now remember, this was BEFORE the recession, yet he pretty much spells it out BEFORE it happened. I bet it's a drag to be right about bad things.

http://www.nytimes.com/2008/01/21/opinion/21krugman.html

 

[rdean]

Obama,the congress, even Fucking Pelosi...the 3 stooges.....i dont care who is responsible....i hope 40 million jobs are created by the end of the year.....i have never delivered more unemployment checks then what i am delivering today......and every week 1or 2 new ones show up....

You want "government" to create jobs????

I thought we wanted government OUT of our lives?

 

[Chris]

You really make this too easy. In January of 07 the Democrats took charge of Congress.

So what happened?

I don't know...what did happen?

Can you point out specific legislation that crashed the economy?

Here is an opinion piece by Nobel Prize winner (Economics) Paul Krugman from Jan 21 of 2008.

Now remember, this was BEFORE the recession, yet he pretty much spells it out BEFORE it happened. I bet it's a drag to be right about bad things.

http://www.nytimes.com/2008/01/21/opinion/21krugman.html

The North Shore oil started flowing right after Reagan took office.

Someone was asked to describe Reagan in one word.

They said, "Lucky."

 

[Conspiracist]

Obama,the congress, even Fucking Pelosi...the 3 stooges.....i dont care who is responsible....i hope 40 million jobs are created by the end of the year.....i have never delivered more unemployment checks then what i am delivering today......and every week 1or 2 new ones show up....

Yah, I am what is referred to as skilled labor in the blue collar work force and if I copped an attitude and wanted a new job or got laid off I never looked for work for longer than 2 weeks.
When the company I was working for went under I layed back for a couple months and enjoyed my retention bonus 'cause how many times does an opportunity like that come around. I told my wife to let's start sending some resumes out and she looked at me with a near horror on her face. She said she had been sending them out for over 4 months and all I was getting was thank you letters. I went unemplyed for a year and became very lucky when I landed a job, (nearly a 35% pay cut), it was between me and like 30 other guys and we went through a 3 month process to win the job. I woulda never tolerated such a thing in a decent economy.

Fact is, our jobs were lost due to greed. No other way to put it. The billionaires have to learn control over their own desires for more more more. Using Chinese slaves to compete with our great labor force is wrong and should never have been allowed. I like to mention that Clinton signed the World trade agreement allowing China in the mix but any president in office woulda signed it. That deal was bought and paid for by someone for sure. We have been sold and now we borrow our own money back to pay for these worthless stimulus packs.

 

[Rozman]

How much were last quarter's growth numbers revised downward, and how much of that "growth" is attributed to gubmint just throwing money around?

Inquiring minds want to know.

The GDP for the US is $15 Trillion. A 5.7% increase in the GDP amounts to $855 Billion which means we recouped the entire stimulus bill in just one quarter of 2009.

If the gubmint just throwing around money equates to that much of a rise, we need to do more stimulus spending

That makes a lot of sense either you raise taxes,print money or borrow from the Chinese...then create a Stimulus bill and spread that money around,it does nothing, you pat yourself on the back and say we did a great job. Then you talk about doing a Stimulus package 2....What do you call these people. Well you call them Democrats.

Taking money from one source and moving it to a different pile that gets spent and doesn't create anything is not the way to go.And to say on one hand the reason it didn't work was because we didn't spend enough and now we should do it again is insane.

 

[Toro]

That makes a lot of sense either you raise taxes,print money or borrow from the Chinese...then create a Stimulus bill and spread that money around,it does nothing, you pat yourself on the back and say we did a great job. Then you talk about doing a Stimulus package 2....What do you call these people. Well you call them Democrats.

Taking money from one source and moving it to a different pile that gets spent and doesn't create anything is not the way to go.And to say on one hand the reason it didn't work was because we didn't spend enough and now we should do it again is insane.

Maybe. Or ...

Let us take this slowly.

Suppose that we have four agents: Alice, Beverly, Carol, and Deborah.

Suppose that Beverly has $500 in cash that she owes Carol, due in two months. Suppose that Alice and Carol are both unemployed and idle.

In one scenario in two months Beverly goes to Carol and pays her the $500. End of story.

In a second scenario Beverly says to Alice: "I have a house. Why don't you build a deck--I will pay you $500 after the work is done. Here is the contract." Alice takes the contract and goes to Carol. She shows the contract to Carol and says: "See. I will be good for the debt. Cook me meals so I will have the strength to build the deck--here's another contract in which I promise to pay you $500 within 90 days if you cook for me." Carol agrees.

Two months pass. Carol cooks and feeds Alice. Alice goes and builds the deck.

Alice then asks Beverly for payment. Beverly says: "Wait a minute." She goes to Carol and says: "Here is the the $500 cash I owe you." Beverly pays the money to Carol. Beverly then says: "But now could I borrow the cash back by offering you a long-term mortgage at an attractive interest rate secured with an interest in my newly more-valuable house?" Carol says: "Sure." Beverly files an amended deed showing Carol's mortgage lien with the town office. Carol gives Beverly back the $500. Beverly then goes to Alice and pays her the $500. Alice then goes to Carol and pays her the $500.

The net result? (a) Alice who would otherwise have been idle has been employed--has traded her labor for meals. (b) Carol who would otherwise have been idle has been employed--has traded her labor for a secured lien on Beverly's house. (c) Beverly has taken out a mortgage on her house and in exchange has gotten a deck built. (d) Carol has the $500 cash that Beverly owed her in the first place.

Alice has more income and consumption expenditure than if she hadn't taken Beverly's job offer. Carol has more income and saving than if she hadn't cooked for Alice and then invested her earnings with Beverly. Beverly has an extra capital asset (the deck) and an extra financial liability (the mortgage) than if she had never offered to hire Alice.

A deck has gotten built. Meals have been cooked and eaten. Two women have been employed. And all this has happened without printing any extra money.

Time to Bang My Head Against the Wall Some More (Pre-Elementary Monetary Economics Department) - Grasping Reality with a Ten-Foot Trunk

The effectiveness of a stimulus depends on capacity utilization and the velocity of money. The lower of both, the more effective stimulus will be. The higher of both, the less effective.

And right now, capacity utilization and money velocity are low.

 

[Rozman]

Just to clarify,are these secret agents or airline ticket agents and are they hot?......

I wish I understood what you were saying,I got a headache reading halfway through it.....

 

[Toro]

Just to clarify,are these secret agents or airline ticket agents and are they hot?......

I wish I understood what you were saying,I got a headache reading halfway through it.....

Think about it this way. Economic activity is the money supply multiplied by the velocity of money, which is the speed at which money circulates through the economy, i.e. how often it changes hands. If suddenly everyone stopped transacting with each other, i.e. money velocity went to zero, the economy would collapse and GDP would be zero. Intuitively, that should make sense. If you decided to stop spending money, and everyone you knew stopped spending, and everyone they knew stopped spending money, and so on, there would be no economic activity. That's why it is an economic fallacy to assume that stimulus is a bad idea simply because it moves money from pile to pile. (There can be other reasons why stimulus is a bad idea.) If money isn't moving from pile to pile, then moving it from pile to pile stimulates economic growth. That's what the example above is attempting to demonstrate.

And yes, the chicks are hot.

 

[Old Rocks]

I just borrowed $100,000 from the bank. Now I am $100,000 richer!! My net worth went up, right?

If you spent it well, you are, indeed, richer.

The last time I borrowed money from a bank it was on real estate. Even in this market, were I to sell at present prices, I would realize a 50% profit on the amount that I borrowed. So, yes, if you used that borrowed money wisely, you should be wealthier for borrowing it.

The Federal Government used money in th 50's and 60's to build a great Interstate Highway System. Are wealthier or poorer for that expenditure?

 

[Old Rocks]

Obama,the congress, even Fucking Pelosi...the 3 stooges.....i dont care who is responsible....i hope 40 million jobs are created by the end of the year.....i have never delivered more unemployment checks then what i am delivering today......and every week 1or 2 new ones show up....

Yah, I am what is referred to as skilled labor in the blue collar work force and if I copped an attitude and wanted a new job or got laid off I never looked for work for longer than 2 weeks.
When the company I was working for went under I layed back for a couple months and enjoyed my retention bonus 'cause how many times does an opportunity like that come around. I told my wife to let's start sending some resumes out and she looked at me with a near horror on her face. She said she had been sending them out for over 4 months and all I was getting was thank you letters. I went unemplyed for a year and became very lucky when I landed a job, (nearly a 35% pay cut), it was between me and like 30 other guys and we went through a 3 month process to win the job. I woulda never tolerated such a thing in a decent economy.

Fact is, our jobs were lost due to greed. No other way to put it. The billionaires have to learn control over their own desires for more more more. Using Chinese slaves to compete with our great labor force is wrong and should never have been allowed. I like to mention that Clinton signed the World trade agreement allowing China in the mix but any president in office woulda signed it. That deal was bought and paid for by someone for sure. We have been sold and now we borrow our own money back to pay for these worthless stimulus packs.

Sounds like you are a trademan. I am a millwright, and I would have to disagree with you on the effect of the stimulas. While I have been lucky enough to only lose overtime in this downturn, many of the younger millwrights were laid off. A number of them took advantage of a program that paid their way through a two year course in windmill maintenace, and will graduate to a very high paying job in the rural areas of Oregon.

 

[Big Fitz]

The last smart thing the US government built, really. The Department of Transportation and the Interstate Highway System. Oh wait... and NASA served it's purpose too.

But if you sat there and spent the money on you and friends going to dinner, and movies and things that have ongoing costs, with no ability to pay back the original loan... are you still richer?

That's why your investment Rocks is good for your wealth. You bought something tangible you can sell for a profit for it will have increased value. Our government on the other hand is buying meals and drinks and essentially throwing the money away with no real ability to pay back the original loan. Let alone using it to buy things that have greater costs, adding to their debt load even more.

It's amazing how obvious some things are once you have done double entry accounting by hand. Computers make fuckups of this kind so easy, it's incredible. (Yes Zander I know you're joking).

 

[Big Fitz]

Obama,the congress, even Fucking Pelosi...the 3 stooges.....i dont care who is responsible....i hope 40 million jobs are created by the end of the year.....i have never delivered more unemployment checks then what i am delivering today......and every week 1or 2 new ones show up....

Yah, I am what is referred to as skilled labor in the blue collar work force and if I copped an attitude and wanted a new job or got laid off I never looked for work for longer than 2 weeks.
When the company I was working for went under I layed back for a couple months and enjoyed my retention bonus 'cause how many times does an opportunity like that come around. I told my wife to let's start sending some resumes out and she looked at me with a near horror on her face. She said she had been sending them out for over 4 months and all I was getting was thank you letters. I went unemplyed for a year and became very lucky when I landed a job, (nearly a 35% pay cut), it was between me and like 30 other guys and we went through a 3 month process to win the job. I woulda never tolerated such a thing in a decent economy.

Fact is, our jobs were lost due to greed. No other way to put it. The billionaires have to learn control over their own desires for more more more. Using Chinese slaves to compete with our great labor force is wrong and should never have been allowed. I like to mention that Clinton signed the World trade agreement allowing China in the mix but any president in office woulda signed it. That deal was bought and paid for by someone for sure. We have been sold and now we borrow our own money back to pay for these worthless stimulus packs.

Sounds like you are a trademan. I am a millwright, and I would have to disagree with you on the effect of the stimulas. While I have been lucky enough to only lose overtime in this downturn, many of the younger millwrights were laid off. A number of them took advantage of a program that paid their way through a two year course in windmill maintenace, and will graduate to a very high paying job in the rural areas of Oregon.

They'll be looking for new work inside of 6 years I suspect. Which is too bad really. But I wish them luck. Being a Millwright is a good profession to have if you can.

 

[American Horse]

Well, the GDP rose by 5.7% which is a continuation of a trend of rising GDP, so the stimulus and other economic policies appear to be helping a bit:

U.S. GDP grows at 5.7% rate in fourth quarter - latimes.com

The nation's total production of goods and services expanded at a heady 5.7% annual rate in the final three months of last year, the Commerce Department said Friday in its first estimate of the quarter's gross domestic product.

But unemployment continues to be dismal.

What's the reason? US Companies keep sending their jobs overseas, to save money, thanks to reliance on market self-governance.

So the corporations reap record profits, Wall Street continues to climb, and US citizens continue to have no jobs.

So what's the solution? Obama believes it's giving tax breaks to companies that keep their jobs in the US. I say that's a good start.

Anyone have any other good ideas to keep jobs here?

And which are the companies, among them corporations that are more likely to not send jobs overseas? Wouldn't that be small(er) business(es)? New jobs will not come from political directed credit or government spending, certainly not from more regulations, but from business investment and new business creation. In the wake of Sarbanes-Oxley, more IPOs were issued in China than in the US last year. Since a new IPO in the US costs the corporation over a million dollars, how does SarOx help in the creation of new industries and new jobs....here rather than in China?