RECESSION IS OVER NewsWEAK:Joblessness is Here to Stay

NewsWEAK ^ | Dec 12, 2009 | Rana Foroohar |

[CommieCutter]

Joblessness is Here to Stay Short-term prospects may be brightening, but high unemployment will be a fixture for the foreseeable future.

[CommieCutter]

http://www.newsweek.com/id/226426?GT1=43002

[bigbob]

In other words, we outsourced the recovery...

[Regulator]

Oh..OK...so if two guys in the finance district have jobs, but the other 300 million people are just out of the market, then...that's a recovered economy?

Got it.

[ABQHispConservative]

From memory, I have heard the President’s economic advisers say that we have turned the corner at least 3 times so far. Then ‘unexpected’ numbers are reported. They can only “cry wolf” so many times.

[j-damn]

Huzzah! Emperor Barry has slayed the dragon! Let’s have a triumph! Get the chariots! Fetch the rose petals!

[max americana]

The recession is over from the libtard media? Awesome. Now where’s my unicorn that Obeyme promised?

[Will88]

Meanwhile, globalization continues to take a toll, even on white-collar jobs. Emerging markets like China and Brazil have come out of the financial crisis richer and stronger; their better-educated, more-productive workers are increasingly able to perform jobs higher up the food chain. A recent McKinsey Global Institute report found that 71 percent of U.S. workers hold jobs for which there is decreasing demand, increasing supply, or both. Even million-dollar-a-year McKinsey consultants should be worried; how much longer will it be before $200,000-a-year partners at India's Infosys eat their lunch?

As always, the globalist MSM discusses globalization as if it is some inexorable force about which nothing can be done. It's just like the weather. More US manufacturing plants and jobs will move to cheap labor and more higher skill jobs will be inexorably outsourced to cheaper skilled labor in China and India.

But nothing is inexorable and never has been. It's deliberate government policy. Not that government has ever been honest and upfront with the people, but all this is deliberate government policy. And it can be reversed politically by the American citizens.

[VeniVidiVici]

The Democrat minions in the press are already laying the groundwork for excusing Barry’s economic failure.

[VeniVidiVici]

Meanwhile, globalization continues to take a toll, even on white-collar jobs. Emerging markets like China and Brazil have come out of the financial crisis richer and stronger; their better-educated, more-productive workers are increasingly able to perform jobs higher up the food chain.

Both countries are also going balls-to-the-wall in petroleum exploration and both countries have little in the way of environmental regulations.

[Will88]

Any long-term fixes will mean focusing on primary- and -secondary-school education, to ensure a globally competitive workforce, and on affordable health care for all to help buffer wage inequality. Neither is simple or cheap.

Blah, blah, blah. They've been putting that blather out at least since the GHWB administration.

When a nation of 300,000,000 opens itself up to China and India and other nations with populations of around 3,000,000,000, with hundreds of millions of unemployed and underemployed, there is not enough education in the universe to create new industries and jobs faster than they can be exported to those populations that will provide cheaper labor, unskilled and skilled, for many decades and probably centuries to come.

This same article could have been written twenty-five years ago. And very similar articles were written.