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Re: A Flight Plan for the American Economy 

By: DGpeddler in POPE | Recommend this post (1)
Mon, 25 Jul 11 7:38 PM | 8 view(s)
Boardmark this board | (The) Pope's for real stock market report
Msg. 39812 of 65535
(This msg. is a reply to 39784 by Zimbler0)

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Once we get 19 million folks polishing the shoes of the President and Congress, everything will be just fine.




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The above is a reply to the following message:
A Flight Plan for the American Economy
By: Zimbler0
in POPE
Mon, 25 Jul 11 6:09 PM
Msg. 39784 of 65535

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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