The economy is not generating enough jobs to keep up with population growth and lower unemployment.
The fact that a bunch of census workers and temps have been hired is cold comfort to the 15M who are unemployed - especially the 6.5M who have been out of work for longer than 6 months.
The entire increase in the Employed figure is made up by people classified as working part time, well almost entirely. Part time workers increased by 263,000, leaving an increase of real full time jobs of 1,000.
That is hardly an overwhelming achievement.
The economy doesn't work that way. When we are coming out of a recession, there is an inflection point where the economy starts producing jobs and stops losing jobs.
You will see that at the bottom of the 2001-02 recession, job creation went in fits and starts. Some months it was positive, some months negative. But eventually, the economy started producing jobs again. That is what is happening here.
Well now Toro is right here; which is
not to say that Boedi is wrong; of course in 01, the Administration in power was pro-business, cut taxes, reduced regulations; all of which encouraged economic growth; while today the Federal Power Structure is doing precisely the opposite; raising taxes, piling on regulatory restraint, increasing market liability; and taking measures to 'fundamentally change America; and the market principles which otherwise provide for the means by which economies grow.
I mean Look; since the Left took control of the US Legislature, and begun their anti-Business push, US Unemployment has AVERGAGED 7.4%
Compare that to the pro-business Bush/Republican majority unemployment average of 5.2% the preceding 6 year period; which includes the Clinton recession and the catastrophic ramifications of 9-11.
Now compare the pro-business (American) policy which during the same period 2001-2006 produced an adjusted AVERAGE of 2.75% growth in GDP barely one point below the 1990s adjusted average.
And the adjusted average of US economic growth of
0.0%... since the Left took control of the Legislature and began their terror on the free market.
Toro wants you to believe that socialist, punishing, anti-market policies will produce at least the same results as American policy; but it's pretty clear what the predictable results for such are; and the reality of what the market results
have been ... under Leftist influence.
And NONE of it provides no reason to believe otherwise. The US is, in fact, replaying the 1930s... The market is doing what free markets always do. It is adjusting to the cicumstances with which it is faced; but the Socialist policies are heaping on the dead weight of entitlement liability; so we're going to see the Market try as it is now, to recover and collapse again under the aforementioned dead weight of anti-business socialism; and we can expect that such will occur as the 4th qrtr ends and business looks back to account for the missing profits from the mend bending effort to overcome; and collapses from the reality that despite the heroic effort, we've nothing to show but more red ink.
Someone wants the economy to FAIL
