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Posted on 08/16/2011 9:04:17 PM PDT by aaronopine
Recent headlines have pondered the apparent paradox of economic recovery without corresponding increases in jobs – called the “jobless recovery” by some. I believe I have resolved the apparent conundrum using a detailed analytical technique. Don’t blame your politicians because few of them are familiar with this methodology, and no liberal has ever heard of it. I like to call this special technique…common sense.
(Excerpt) Read more at aaronopine.blogspot.com ...
This guy has spoken on the jobless recovery . It might be on his blog site.
Http://confoundedinterest.wordpress.com
He was on Kudliw talking about wage imbalance and why the USA won’t recover jobs with the massive regulations in place. Smart guy.
How is it a damn recovery without jobs?....
We have had a massive spending spree with employers holding back knowing very well the consequences are right around the corner.
NON
It’s an imaginary recovery, if you think you have recovered but didn’t create any jobs. Kind of like a no-hitter being tossed by two opposing pitchers but they each walk a dozen batters during the game and one team wins by 3-2.
In the real world, you probably wouldn’t call this a recovery....it’d be some stumble after you’ve fallen and you keep thinking that stumbling is better than just laying flat. The fact that the government continues to work...charming companies to keep operations and manufacturing outside of the US makes you wonder how recovery would ever occur in the first place.
That question is not relevant to the argument in the media’s eyes. They are just peddling rock soup.
The heart of Keynesian economic policy is to pump up the demand by putting dollars in more pockets most likely to spend. The problem with this strategy is the demand drops off as soon as the dollars stop. This drop in demand kills any recovery and the employers can fall into a trap of hiring too many workers only to pay higher employer taxes which vary based on how often that employer lays off or fires employees who then collect benefits.
The whole Obama schtick that he brought back from the edge is bs. Look at Sanders or Saunders charts. Capacity utilization, a key economic measure, just got above 77% for the first time since 2008. 80% and above is the target for decreasing unemployment. I don’t remember which article, but just look.
Http:confoundedinterest.wordpress.com
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It's Bush's fault.
Classic!
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