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posted to rec.boats
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On Fri, 8 Jan 2016 08:22:49 -0500, Justan Olphart
wrote: O'Bama's liberals are driving us into the second recession of his ever so tedious reign as president. Join me in prayer for relief from these liberal assholes. I don't think we ever really got out of the last recession. They dumped massive amounts of federal money into the economy and made it look better but there is not really much actual growth. The employment participation rate (the number of actual jobs) is flat since 2007. It is easy to argue that "middle class" jobs have been going down since the GHWB administration. That was when the words "down sized" and "outsourced" entered the lexicon and it was in the Clinton administration when IBM had it's first layoff ... ever. (including the depression) That was when we started hearing "offshoring". That is the elephant in the room nobody will mention. Most of our growth is in construction and we have already seen that we need to limit that to need or we end up in a bubble. China is really looking at that one and their economy is suffering like ours did because they have so much "built and unsold". Everyone thinks computers will be the answer but there were more people making a good living in the computer business in 1980 than there are now. This is a "cut open the box and plug it in" business now and that is not a good living. We hear a lot about the opportunities in software but that is not an opportunity for a lot of people and those people can be in a boiler room in Bangladesh. |