We Are Begging and Pleading With Communist China to save our asses.
- From: jose el fontanero <josefsoplar@xxxxxxxxx>
- Date: Tue, 17 Nov 2009 15:06:13 -0800 (PST)
'NO JOBS'
FOR OVER 15 MILLION JOBLESS WORKERS!
By: Gordon Bishop
New Jersey, where I live, has a net loss of 1.3 million private-sector
jobs this decade, a dismal employment performance not seen since the
1930s Great Depression, according to a Rutgers University report.
The 'national norm' for unemployment usually hangs around 5 percent.
Unemployment is now more than 10 percent -- and growing.
It could take until 1017, or more, to recoup lost jobs during the
recession's devastating impact on the job market since December 2007.
"New Jersey -- and the nation -- is confronting an extraordinarily
long and difficult recovery period," said Rutgers economists James W.
Hughes and Joseph J. Seneca said.
It portends frustrating times ahead for workers looking either
promotions or simply for employment.
The greatest losses in the job market really took off after the
November 4th, 2008 election of Barack Hussein Obama as President of
the USA.
And there are signs that precedent is repeating itself.
The federal government said the economy grew during the third quarter
this year.
But employers cut more than 200,000 jobs a month during those three
months.
The economy after the most recent recession -- which ended in November
2001 -- grew even while employment continued to decline. It was the
first time that happened since World War II.
That's particularly bad news, given that the United States has lost
7.55 million jobs since the recession began and is adding nearly 1
million new job seekers a year.
The result: If the United States creates 2.15 million jobs a year, it
will take almost eight years to restore what was lost.
Add to this the Obama Adminnistration , which is spending more than a
trillion dollars a year in 'stimules packages' to try to end the
devastating recession.
And remember, that is all borrowed money that has to be paid back to
China and other foreign investors -- WITH INTEREST! -- which is in the
billions and billions of dollars.
Now is the time to start ridding taxpayers of the multi-billion-dollar
bloated bureaucracies in Washington, D.C. These are largely political
appointments, or, as they say, "to the Victor belongs the Spoils." And
does Obama know how to spend Big Time!
But it's our hard-earned money Washington is wasting while government
continues to grow fatter and fatter each day.
Unless America shrinks the politically-correct bureaucracies, we will
continue to be in debt for the next 50 years, or more.
We were once the greatest society in the world.
We're now begging and pleading with the likes of Communist China to
save this once prosperous and proud nation of freedom and liberty.
It's the ultimate irony of the 21st Century.
As expected, all I can say is, "God Bless America!"
"Published originally at EtherZone.com
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