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A Flight Plan for the American Economy

By: Zimbler0 in POPE | Recommend this post (0)
Mon, 25 Jul 11 6:09 PM | 9 view(s)
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http://www.time.com/time/magazine/article/0,9171,2072632,00.html

Zim: I am finding this site to be an interesting
read . . . many concepts I don't think our 'leaders'
have a clue of understanding. But, read it for
yourself and make up your own minds.

From the site :

>>
The good news is that the American economy is back to its precrisis size. The U.S. GDP is now about $13.5 trillion, a bit above what it was in 2007, before the financial crisis. The bad news is that we are producing the same amount of goods and services as in 2007 with 7 million fewer workers.
>>
This disconnect between economic recovery
and employment growth is new.
>>
President Obama's budget assumes that the economy will create 20 million jobs over the next 10 years. That would be an almost magical acceleration. Over the past 10 years, it has produced only 1.7 million.
>>
Ironically, it's the astonishing productivity
of the U.S. that has brought us to this place.
>>
At many major companies, profits have returned
to 2007 levels but with thousands fewer workers.
>>
We need to focus on five areas that will create jobs.
>>
Manufacturing. - - - - - (Ayup. Zim.)
>>
Retraining.
>>
Growth industries.
>>
Small businesses.
>>
Jobs for now.
>>

CrossPosted By: Zim.




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Mad Poet Strikes Again.


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