An Unseen Economic Albatross: Labor-Force Dropouts

I am lucky enough to still have a Job.. Thank God. I too am not a high profile job seeker i have always held the lower-mid profile jobs in my field of computing working as a manager in I.T. The company i work for was started and ran by a nearly High School drop out who is now a deserving Millionaire- along with his business partners they found fortune thru hardwork and quite a bit of luck as related to timing of economic situation and opportunities presented to them in a whole different economic climate. Make no mistake he still had to take a risk but as compared to today's economic climate i can't say the risks would compare. IN any event they too are not seeing the numbers they'd like in relationship to CONSUMER SPENDING and confidence. So i have to say the root of recovery lies here, and the giving of TARP and big billions to the rich is not helping this at all - just look at the anemic numbers in the job market and on your P&L's tied to 90% who hold 10% of the wealth but are integral in creating and sustaining it "long term." I suspect these rich people are taking these welfare dollars to cover up their mistakes of their CO.'s bad debt. couple this with a low GNP and high Gov. Debt no jobs.. they are aware the system is near bankruptcy and have invested all that 'greed money' into Gold or other more stable items that will not necessarily drop in a value to the point the dollar eventually could "0.0" Thanks again to their incessant greed and self serving hoarding and covenant behaviors. They will make due on that for awhile as the Am. wrker suffer on. God was mentioned in the postings. I have to believe that lack of respect towards the higher power that serves and controls all who follow. An eternal accountability is needed. Since this country doesn't really uphold or embrace such values- being acountable to the $$ as god. Doesn't matter if your DEM or REP. ;their in it together. Haven't we figured that out yet? One poster stated i hated the rep. candidate i voted the dem in now i am sorry and wished i put the rep back in.. (whats this? A talking sheep! And he/she is herded thru life by the ideologies of an obviously corrupted gov. which ties into the global corruptions more than we will ever know! There were other choices on the ballot- that could have been exercised and brought to light if not into office.. if for no other reason to gain respect again for the power of the American voters, the taxpayer and the workers. Instead we have again fallen prey to the smooth talking serpents in government; unions, Big Business and the MEDIA.. We had better realize sooner than later that we need to pray to God and make a change that is not for a self serving government that believes it is too big to fail and must be god. Pride before the fall. This government will not fail IF and when we the people decide to take back what is ours!! This country! It will take some hard work to reduce your wants-focus on needs, Unite through God not Gov.

JJP of OH 12:58PM January 16, 2010

now, 23 years later Im doing ok. works my way up to a decent positino. always have been middle of the road, pay my bills on time, live clean, live well. Not getting rich, but hey, we just bought a second home this year! People used to ask me, so, "hows the county" sarcastically..... I always told them its ok.

dan of WI 10:13AM January 16, 2010

I read today where all these banks borrowed nearly $250 billion in TARP funds to "save" them from collapse...all of a sudden they've been able to pay back over $160 billion and hand their executives multi-million dollar bonuses. Wall Street is pushing 11,000 and the NASDAQ 2400...so where are the jobs and why do lay-off's continue? Because business sees the opportunity to rid themselves of higher paid employees and fill their spots with lower paid temps that they don't have to pay workman's comp on, payroll taxes, unemployment insurance on or payroll taxes on and allows business to pocket more for themselves. They don't get the fact that there's a straight line between demand and jobs and what you pay someone. Sure, go ahead and hire people at $9 an hour and so will every other business in the area...because they can and make more profits for themselves...but how many of those $9 an hour workers are patronizing their businesses? Nobody, that's how many. the only place they can afford to go is McDonalds for .49cent burgers and Wal-Mart...so the idiot running the tire store isn't going to get much business from the hundreds of area workers they could be getting business from because nobody makes enough money to afford going there for tires. Sears pays a whopping $7.50 per hour to their store workers, so how many of them do you think can afford to shop at Sears?

You've got over 15 million people out of work and here in Florida they give you a whopping $275 a week unemployment. Who's buying anything but necessities on that? Gee, no wonder Sears, JC Penney, Best Buy and the rest are starving around here. Nobody that works there can afford to buy anything, so how do you push up demand so you create jobs?

We loaned the bankers and the Wall Street wizards $250 billion, how about we give the American people the same deal? It would give every unemployed person in this country $15,000 to spend and actually create some demand and some jobs? Congress has already calculated that to extend out unemployment benefits through the end of 2010 would cost $41 billion, so how about we extend it out and on top of it hand every unemployed person a gift card worth $1,000 a month until then that they have to spend or lose. Spend on hard goods, groceries and services. You can't put it in a checking or savings account. How much economic stimulation do you think you'd see and how many jobs would be created in 15 million plus people had $1,000 a month to spend for the next 11 months?

I'd say the money would be better invested there than with a fat-cat banker or Wall Street guru getting a three million dollar bonus check every year.

Mickey of FL 9:52PM January 14, 2010

And unfortunately, no one bothered to check on this guy. They were to busy falling for hope and change, not paying attention to what he was really saying about taxes, health care, and energy costs. Then inept members of Congress and the Senate were sent back to Washington, with seemingly no purpose other than looting the taxpayer and enriching themselves. Their arrogance and trickery is astounding. Our falling for it is a shame. Fool me once, shame on you. Fool me twice, shame on me. See you on November 2nd!

http://theillinoisguy.wordpress.com/2009/12/29/arrogance-personified/

theillinoisguy of IL 8:47PM January 10, 2010