The pundits say that people are beginning to find jobs and that we will have a recovery without jobs.  Even so,  Losing 35% of your income is not a positive outcome.  The great minds in our government think we should just be a service economy.  Personally I think that sucks.

CBO Manufacturing Jobs

http://www.cbo.gov/doc.cfm? index=5078&type=0

In 1980, the US peaked, however our population continued to grow.  At that time the US had  roughly 220 million people, now we have close to 300 million.  That's an increase of nearly 36% and yet total manufacturing jobs fell from a high of 19.5 million to about 14 million prior to the current recession.  Population grew at 36% and manufacturing jobs fell by 28%.  Now manufacturing jobs are at about 10 million with little or no probability of returning.

Does that make sense?  It's because the US has been managed by the Republicans and their "free trade" movement.  Overall employment went up during this time, but it was in the service sector which generally pays less.

End free trade, don't renew WTO this year.  China joined the WTO in 2000.  See anything that stands out?  If we want to create jobs, we need to protect our workers and factories.  Invest 1,000 billion in new factories, protect the jobs and we will quickly recoup the money in wage taxes, balance the budget from corporate profits, and return America to its former strength.

Otherwise there is a future of burger flipping for everyone.

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 03/20/2010 09:58:48 PM EST

Don't build up your hopes. There will be a limited, temporary recovery at best. The economy is circling the drain. Sorry.

by Landbeyond on 03/21/2010 02:50:21 AM EST

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Name your poison, war, protectionism, US civil war, etc. all are possible, but the status quo is unsustainable.  The US will become a 3rd world country in 2 years when our debt exceeds our GDP by 100%.  When that happens or before the currency will depreciate sharply, interest rates will rise quickly and more people will be out of work.

There will be insufficient tax revenues to pay the government and either protectionism will win or war.  Remember, politicians like to get elected and foreigners don't vote.  

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 03/21/2010 03:30:08 AM EST

[ Parent ]