Discussion in 'Economy' started by uscitizen, Aug 18, 2011.
Growing the economy and creating jobs are diametrically opposed goals?
You get Obama trying to blame the economy for holding job creation hostage?
In a free or mostly free market, that doesn't happen. The lack of jobs now has to do with businesses not wanting to take risks in an environment where an amateur leftwing extremist president is conducting economic experiments.
Depends on how we define a free market
If the disparity is esculating to where a small minority is making out great
and the larger majority is sinking
which IS happening
then we've a market obviously freer for some than others
so what happens? well, the same thing that happens in any top heavy economy, doesn't really matter what form of governance, because it's not how ya play the game, it's how ya place the blame....
The truth here is that our NEW economy doesn't quite follow the rules of our OLD economy.. Consumption USED to be the king. Seed the consumer spending, and all the flowers bloomed. Manufacturers geared up, distribution and sales followed suite, and ancilliary jobs got boosted in the service sector..
NOW -- the American manufacturing sector is the insignificant part of the consumption cycle.. Seed consumption and Chinese mgrs staff up.. American shell companies composed of MBAs pocket the profits and sit on the cash. And although there might be SOME stimulation of the service sector -- it comes from a trivial fraction of American workers.
Our economic leadership better get on message and figure out how to save or redefine a manufacturing sector in America. Because measuring growth in the economy by measuring corporate income no LONGER has a very strong tie to employment..
You would be living in fantasy land
Like continuing the tax cuts that didnt work under Bush either to create jobs?
Here it comes.
Tell us how avoiding creating jobs helps any economy?
I wouldn't say they are diametrically opposed, you can increase GDP without creating more jobs but that does not mean the 2 goals are in opposition to each other. The implication is that you have to do one or the other, when in fact you have to do both. Even in today's difficult times, we are creating jobs albeit at a much slower pace than most would like. But the economy IS growing and we ARE creating jobs. Not enough to lower UE, but that wasn't part of your premise.
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