Where Are All The Good Jobs – Job Loss, What To Do
Written by Author on June 19th, 2009Where are all the jobs?
Remember when we were promised that a new day had come when congress passed the President’s enormous, pork filled, many millions dollar budget slash stimulus plan? Well, it looks like that may have just been an exaggeration to be sure, and maybe will be really bad if we keep getting further into debt.
Obama and congress have been mysteriously quiet and have not mentioned anything about the over 1 million jobs that have been lost since the $787 billion budget slash stimulus plan of 2009 was passed. That is right, many more jobs have been lost since the budget was passed. So, where is the relief? Where is my relief, and bail out plan? It would seem that the Obama administrations assertion of 150,000 jobs that have been created just doesn’t hold up when we look at the numbers from another government agency, the Bureau of Labor Statistics, which tracks the economy on a whole. In addition, it has come at a cost of $787 billion from taxpayers that has put us more in a hole than ever before.
Unemployment is now at its highest level in 20 years and will continue for months and months ahead most analysts agree. So, will the billions being spent eventually start to make a difference? I think we have to ask, when does the work begin? Where are all those road construction and bridge building jobs going to be on Monster? And what happens when all the work this budget provides is completed? Will everyone becomes unemployed again? Will we be in a debt that we can never recover from? Do we really believe that this temporary taxpayer subsidized workforce is going to somehow stay employed over time? Will the economy continue to grow, or start growing again so that there is more for all of us in the long term?
Or, is all this money simply going down a rat hole? Will our children inherit a debt that will force them to pay 60% tax rates, or devalue our currency like some third world country? Will the budget that we have signed up for make our country less competitive and less productive, as well as relegating us to years of lower growth? Economists generally agree that excessive debt will lead a country to just such a fate. It has to be paid some way, and about the only way is through inflation, higher taxes, or lower spending in the future by the government (good luck).
So, at very least, since we have already agreed to spend all this money, we need to put it to work fast and in the right places. We have to hire people and put them back to work to get people out of the doldrums and gainfully employed. Hopefully, we can put this money to help soon or we may just be digging a bigger hole.
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