US Won't Get All Jobs Back Until 2020

Read the comment policy

Showing 3 of 26 comments

So, we can either relax and enjoy this moneyless vacation time for another 10 years, or retire now and just get it over with. Yay.

US Won't Get All Jobs Back Until 2020 By the end of Sarah Palin's second term.

So ya look at the graph in the article and the first thing I see is that it really looks like the jobs gained are in the margin of error for statistical deviation. You want to draw a 10 year straight line forecast for something that looks like it could be within the margin of error and call it news worthy. In "Bush bashing, it could be worse, but there is hope" reporting..I guess this passes the muster. 68k jobs per month on average is a fart in the wind to the ~15M unemployed.. To quantify that.. we are talking about 4/10 of 1%. But but but Bush..big corporation..global warming.. Spending yada yada.. From Wiki.. http://en.wikipedia.org/wiki/2010_United_States_federal_budget The 2010 Budget proposed by President Barack Obama projects significant debt increases.[8][9] The debt is projected to nearly double to $20 trillion by 2015, but is expected to increase to nearly 100% of GDP by 2020 and remain at that level thereafter. Interestingly enough..from the same article.. The U.S. budget situation has deteriorated significantly since 2001, when the Congressional Budget Office (CBO) forecast average annual surpluses of approximately $850 billion from 2009–2012. The average deficit forecast in each of those years is now approximately $1,215 billion. The NY Times analyzed this roughly $2 trillion "swing," separating the causes into four major categories along with their share: * Recessions or the business cycle (37%); * Policies enacted by President Bush (33%); * Policies enacted by President Bush and supported or extended by President Obama (20%); and * New policies from President Obama (10%). So generally.. according to the most liberal newspaper on earth.. Obama is apparently just as guilty as evil Bush for deficits. (30% to Bush 33%) Now.. once we get past the BS of the evil Bush this will take time to fix crap and realize these guys are both playing the same damn game doing the same damn things maybe..just maybe.. we will open our eyes and figure out that the freakin jobs are gone. They went over seas. Get used to it. Our mfg base is gone. Our tech base is crumbling and is being replaced with the mfg jobs for pennies on the dollar. Wake the F up. Unless you are willing to work 18 hour days for $3 a day, you can not compete on a global market. The American worker is no longer useful in the machinery of business. Period. The American economy is moving to a financial base. It does not require a middle class. It is driven by securities, derivatives, lending and investment insurance. Unless you do some flavor of that, you will be working at Starbucks handing those people coffee. And there is your employment outlook.