Posted on 08/08/2010 4:43:42 AM PDT by SeekAndFind
Neither. The unemployment problem is 0bama.
This cycle of unemployment is INTENTIONAL
The unemployment problem is structural. Obama is an accelerant, just like gasoline is to a fire.
The problem is, we don’t export anything except ... American JOBS.
“Free trade” is what is destroying US jobs.
China doesn’t have an unemployment problem. They’re growing like crazy. Building and thriving.
Because we’ve sent so many, former American jobs and factories there.
All of our manufacturing is overseas. Almost all of our software development, engineering, help desk, and IT support is overseas or H1-B. Construction is in the hands of illegals or foreign born workers.
We are becoming a nation of nothing. We build nothing. We manufacture nothing. We produce nothing. Of course, this leads to no jobs to be had regardless of your motivation or qualifications.
The only safe fields of employment are medical, legal, and retail and only because they cannot be outsourced. If they could be shipped overseas, I am sure management would do it.
The end game has already been discussed in congress. The end game is a British style ‘dole’ or permanent unemployment or welfare or whatever you want to call it. Eventually people will be starving in the streets or America will have to pay people sustenance level income to allow them to survive.
This is the America that Bush, Clinton, Bush, Obama have built for us. This is the end result of the New World Order and spreading the wealth around. Like a drunken rock-star we have squander all of our once uncalcuable wealth.
Now we are broke. We have nothing left to give away and we have no jobs.
Thank you, to all of our leaders. Giving away all of our manufacturing and money to ‘help’ the third world grow has now left us a third world country. Good Job! Good going spreading the wealth around.
It is just unfortunate that part of that wealth was the lives and welfare of the American people.
yeah, but what exactly do we DO about global wage arbitration? There are only two answers: (1)Impose tariffs on imported good so prices are competitive for American manufacturers, or (2)deflate our own economy so Americans have the same wages and standards of living as overseas workers.
What if the problem is excessive debt? What if consumers pay off debt for the next 10 to 20 years instead of spending? What if government debt (and spending) is adding to the problem instead of helping? Where do these problems fit into the 3 categories?
We need to enact aggressive trade barriers, directly tied to reciprocal trade, on a bilateral basis.
Each and every country in the world, only allowed to sell to America and Americans, as much as they buy from America and Americans.
After which point, shut the door.
There is no other choice. The alternative, is our national collapse.
The sooner we take action, the more likely, we will survive.
This is a very serious crisis. As a nation, we are sleepwalking our way to doom.
It is not structural.
Should read, It is now structural.
sorry
Boy am I ever living proof of this. I had worked 20-something years in IT and got laid-off last year. Had no luck whatsoever finding more work in the field. So I retrained and just got a job as an EMT, as an entry point into healthcare.
So even though I'm about to drop off the unemployment rolls and will soon be counted in the "job creation" stats, I'm only making 1/5 of my formed 6-figure salary and I'll never again spend like I used to. Nor will the government enjoy the hefty revenues they used to skim off my former considerable salary.
The employment problem in this country is deeply structural, and it isn't coming back.
More IdiotNomics at work.
If any economist, by now, cannot figure out that the unemployemnt crisis is caused by the failure of Free Trade Globalism....they probably should just go back to flipping burgers.
If there is any field that the people in it have no clue about what is going on...its economists. Waiting for the idiot who spurts “we need Free Trade with Colombia” in 3...2...1
RE: China doesn’t have an unemployment problem. They’re growing like crazy. Building and thriving.
Many analysts believe the real China unemployment figure is much higher because many of the country’s more than 200 million rural migrant workers, who have flocked to the cities in recent years, are not registered. More than 20 million migrants who lost their jobs in the current crisis are still out of work.
The government estimates 24 million new urban jobs are needed every year, though there are only half that number available. Yet there is also a big problem with lack of skilled workers as China tries to move up the production value chain.
So, WHY IS THE CHINESE GOVERNMENT WORRIED?
In a word — stability. The Communists came to power in 1949 on the back of widespread corruption, out-of-control inflation and massive social upheaval. Those memories die hard.
The last thing Beijing wants to see now is more unrest in a country where graft has returned with a vengeance alongside a widening rich-poor gap, growing numbers of disputes over land, restless minorities in strategic border regions like Tibet and Xinjiang, and unemployed graduates.
So far protests have only been sporadic and no worse than unrest connected with more local disputes not directly related to the global economic slowdown.
Labour problems have been concentrated in export dependent and formerly booming coastal provinces, mainly in Guangdong, where hundreds of workers have rallied demanding unpaid wages from shuttered factories.
There have also been taxi strikes over high rental fees and competition from unlicensed cabs. In eastern Jiangsu province workers at a diesel plant blocked highways and surrounded government offices amid concerns over job security.
We might not be doing well on the jobs front, but I would be very wary relying on the job figures provided by China’s government for their country.
Smoke.
China is replacing America.
Yet the brainless “free trade” so called conservatives, cling to this failed idea that by demolishing American industry, we somehow gain.
Clearly “free trade” is terrible for our nation.
The sooner we end it, the better.
This afternoon, would be a good time.
Turn the container ships around. Just do it. Commence the trade war. Or America is finished.
We need to enact aggressive trade barriers, directly tied to reciprocal trade, on a bilateral basis.
Each and every country in the world, only allowed to sell to America and Americans, as much as they buy from America and Americans.
After which point, shut the door.
There is no other choice. The alternative, is our national collapse.
The sooner we take action, the more likely, we will survive.
This is a very serious crisis. As a nation, we are sleepwalking our way to doom.
I think eventually we will have to enact tariffs on those who are dumping artificially cheap products on the US....it will happen whether Free Trade Globalists like it or not
Let them whine.
Just do it. Enough is enough.
“Is the Unemployment Problem Cyclical or Structural? “
Neither. It’s Kenyan-caused.
“...debate is between those who say our current unemployment problem is largely cyclical and hence we need more government action, and those who say it’s structural and hence there’s very little that government can do.”
A stupid debate that’s just about providing an excuse for Obama.
It’s stupid to call it a ‘business’ cycle when the predominant force is instead government actions.
More apt debate is whether the feudal socialist policies that kill growth and opportunity are structural or cyclical.
If people don’t intervene the government will continue to absorb the private sector.
“Free trade” is what is destroying US jobs.
100% correct... it is a structural problem.
In his treatise on "comparative advantage", the free trade deity David Ricardo proved that the cost of labor is driven to the subsistence level....
IOW, the globalists are exporting American jobs and importing Third World living standards.
Yet, so many otherwise patriotic, sensible “conservatives”, are brainwashed into believing in the free trade sham.
Ignoring the reality, right in front of their eyes.
America is collapsing as a direct result of this “free trade” stupidity. Ignoring this very real crisis, is not “conservative”. It is irresponsible.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.