The American economy sinks into the past
Washington incorrectly blames the lack of new jobs on sagging consumer confidence, and looks to the Federal Reserve to provide more monetary stimulus, driving the U.S. deeper into debt.
Nonfarm payrolls were unchanged last month, the Labor Department said today. It was the first time since 1945 that the government has reported a net monthly job change of zero.
The government claims “the hiring slowdown probably will not be seen as a recession signal as layoffs are not rising that much.” Why does the government put out such misleading statements?
Doesn’t the U.S. government realize that, every week, 400,000 Americans are losing their jobs?
And what about the government’s claim that the slowdown will not be seen as a recession signal? This is pure propaganda, calculated to mislead the American people.
I’ve got news for the U.S. government. The worst recession in U.S. history never stopped. There is no double-dip, just one big single dip.
The U.S. government measures gross domestic product (GDP) growth without taking into account the decrease in the value of the dollar—a little something called “inflation.” Factor the decline of the dollar into the equation, and GDP growth has been negative—even during the so-called, “recovery.”
Obama’s speeches and the government’s throwing money (away) at the economy will do nothing to create jobs.
Keeping taxes low on the high end “job creators” to stimulate the economy will also not work. It is those very “job creators” who have sent millions of U.S. jobs overseas to improve the profits of Big Business. These people are not “job creators” they are “job destroyers.” Restore the Bush tax cuts for the rich.
The Obama administration refuses to enforce the laws against illegal immigrants working in America, thereby giving away 8 million jobs to illegal immigrants.
If the 8 million illegal immigrants were to lose their jobs and be replaced by Americans, there would be only 5 million unemployed Americans, and the unemployment rate would drop to 3.7%.
And why not bring back some of those American jobs that have been sent overseas, by the “job creators?” If necessary, raise import duties on foreign manufactured goods. That’ll do the trick, and it’s an easy cost-free fix.
Let’s bring the jobs back to America and to Americans.
At the rate we are going- the job losses, blame it these politicians, who are supported by big businesses and their financial power.
What CEo is going to shut down his factory in China, to open one in America?
Of course, this means further loss of jobs, and Americans will not have buying power.
Geeee…I hope these politicians would stop bickering and theink of us main street folks!
Dan
Like this, Singapore’s job #es are not going to be good! I wonder what PAP is going to give their GPD #ES???
i don’t see how we are gonna get going with jobs? these politians are just fighting all the time!
it’s the big D.