The blizzard of opinions out here on how we as a nation create jobs has me dizzy. Do anyone know how can this country create jobs? That so-called jobs stimulis that was pass early in the year appears not to be doing what many have hoped. Can government create long term jobs or should it be left to private business? Or can a combination of both get jobs going again? I'm sick of seeing all my black brothers here on the streets hanging out on the corners while all the mexicans are working right in front of them. Where are the jobs?
Well, if you don't or didn't have a work history before the recession started it will be hard to get a job now. The credit markets need to open up. More credit for small business. Consumer confidence is down because they are unsure of their employment prospects. Raising taxes and adding alot of new programs that will have to be paid for did not help consumer confidence or the confidence of employers.
The Truth-O-Meter Says: "History tells us that job growth always lags behind economic growth." Barack Obama on Friday, November 6th, 2009 in remarks from the White House Obama says job growth always lags behind economic growth Bookmark this story: Buzz up! ShareThis Some Republican critics have scoffed at President Barack Obama's pronouncements that the economy seems to be improving, pointing to the unemployment rate, which keeps going up. But Obama has consistently tempered his hopeful words about positive economic indicators with warnings that unemployment rates are likely to continue to rise for a while, even as the economy improves. "History tells us that job growth always lags behind economic growth," Obama said Nov. 6, 2009, in remarks in the White House Rose Garden. "He's right about that," said William Beach, director of the conservative Heritage Foundation's center for data analysis. In the post-World War II era, there have been 10 recessions and after most of them, employment lagged a few months behind other improving economic indicators. But after the last two, in 1991 and 2001, unemployment rates continued to climb for more than a year. Interestingly, Democrats criticized President George W. Bush regarding the 2001 "jobless recovery," much as some Republicans now criticize Obama for the current one. The latest jobless recovery came as little surprise to economists who study such trends. "Employers are hesitant to hire people back to the work force (after a recession) because they don't know if the economy is going to continue to grow, which is understandable," Beach said. But more importantly, he said, the American economy has become increasingly reliant on service jobs, such as information and financial jobs. "Those jobs come back very slowly," Beach said. The recession this time is even more severe, so Beach predicts this jobless recovery will last even longer than past recessions. "I don't think we'll see jobs coming back for a long time," Beach said. But even without government meddling, Beach believes employment was destined to lag. The San Francisco Chronicle, relying on numbers from the Bureau of Labor Statistics, in August charted the lag between recessions' end and the peak of unemployment rates. In the eight recessions between 1949 and 1991, unemployment rates lagged by an average of about three months. After the last two, however, it took 15 months and 19 months, respectively, before unemployment rates peaked. Bottom line, President Obama is right when he cautions that employment has lagged behind economic recovery in the past. And so we rate his statement True.
President Obama should not be blamed for the lingering unemployment of this recession since history has taught us that such a condition as we now see it will be the bookmark for this time, however, we should be learning from history in those policies that brought back jobs in the private sector and that is in cutting or eliminating taxes on small businesses and get the government involved in a limited capacity to stimulate key technological sectors to help create new industries as was done following world war two that created a boom in many industries and manufacturing. The government played a limited role in creating the Internet and related IT industries in the 1990's, aviation, space research, and many innovative industries that caused spinoff industries in the small business sectors that supported the infrastructure base. Since americans are ignorant of history I do not expect to see any attempts to learn from history.
For good or for bad, you can get the most recent info on the stimulus spending here http://www.recovery.org/ www.recovery.gov as well.
Politics runs in my veins, been involved for many years, we need more young men like yourself involved, hope you can find the time.
Loki, it is people like yourself who has inspired me to find the time to expand my horizon. I'm 27 years old. I have so much to learn.
I think we can create more jobs by competing for manufactoring globally again. Or heading the forefront of innovation. We have the best colleges in the world here. People from other countries choose the US as their first option when it comes to choosing higher education so we should utilizing that resource. We need to be more inventive and shift our focus from the service industry to technology. That's my two cents
