This article is full of crap and lies. Go to the govt statistics dept and if you can read and understand tables of stats you will see the real truth.
I'm not going to post them, because if you aren't into numbers, it will make you go blind.
Posted on 02/03/2006 7:13:08 AM PST by B4Ranch
This means Americans consumed almost $3 trillion dollars more in goods and services than they produced and turned over $3 trillion of their existing assets to foreigners to pay for their consumption. Consuming accumulated wealth makes a country poorer, not richer.
Slower job generation than anyone had since 1939, yet the unemployment stands at a remarkable 4.7%. Go figure...
Totally ignores millions starting their own businesses. Also, only looks at hiring by big corps.
Quote: "Slower job generation than anyone had since 1939, yet the unemployment stands at a remarkable 4.7%. Go figure...:
The author's argument being that the jobs created are of lesser overall quality than the jobs lost. Not sure I buy it because it sounds like a strained effort to talk down the economy.
This guy is so wrong..but it fits his Liberal ideas...its booming here in Denver
I read that at least 1/2 of all new businesses fail within the first 3-5 yrs. I guess, if you have a lot of businesses starting each year, this may skew the statistics, as they don't seem to include those that fail.
I agree that wages have not caught up in many areas, but the guy was talking about job production, as in number of jobs, which he had to totally manufacture.
"Slower job generation than anyone had since 1939, yet the unemployment stands at a remarkable 4.7%. Go figure.."
I know. That kind of puzzles me to at first. But when you think about it, the 2 aren't really mutually exclusive.
"Private firms added only 958,000 jobs over the past five years while state and local governments added 1.1 million jobs (schools, health care, prisons) and the federal government reduced (postal) jobs, for total growth of only two million jobs for the entire U.S. economy."
If this is true, its disgusting.
Also being reported this last week is that personal savings is the lowest since the depression.
I'm glad you posted this. Everyone says that the economy is booming, X amount of jobs have been created, but just what kind of jobs, and how many do you have to hold down to make ends meet? Please don't even mention affordable health insurance, if you happen to fall through the cracks.
People who try and start their own businesses, end up getting slapped down by all the government regulations. Not all, but as many as two thirds of businesses go under, I think in the first year?
I agree, everywhere you look, you see how great things are...bottom line though, is that if the people don't perceive themselves as being better off, then they will vote accordingly. I have yet to find many people that are not worried about finances, jobs, and the economy...whether valid or not.
That's only a valid statistic if you believe that everyone investing in bonds, the stock market and precious metals are not "saving". It doesn't count anything put into a 401K or an IRA. So how good can this statistic be ? Garbage.
Folks. This is bernie sanders.gov and admitted Socialist. He must spread bad tidings because captilism doesn't work.
All I know is that my husband and I are better off economically than we were 5 years ago and part of that includes the tax cuts that came when we needed them!
This article is full of crap and lies. Go to the govt statistics dept and if you can read and understand tables of stats you will see the real truth.
I'm not going to post them, because if you aren't into numbers, it will make you go blind.
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