On Wed, 27 Oct 2010 10:31:54 -0400, Jeff Thies
wrote:

On 10/27/2010 9:50 AM, Stormin Mormon wrote:
Well, during the GWB time, we had about 5% unemployment. I believe
that the spike in unemployment was due to the BHO tax increases,
reckless spending, and many new regulations and other unfunded
mandates.



That unemployment number you are so fond of only counts those that were
employed. Under W there was nearly a net loss of jobs his first term and
a pathetic total over the whole 8 years.


Employment figures mean nothing if they're not sustainable.
The former machinist or factory laborer doing customer service or
applying lawn care chemicals or selling cell phones isn't sustainable.

Didn't see anybody here get to the real problem.
Manufacturing has always been the core of America's wealth.
The core is almost gone.
The economy was always trickle up, from the manufacturing core.

The factory workers enriched the economy and were consumers in the
economy.
They were to key factor for most of the "service" economy.
Call them the flywheel, the pilot light, the sourdough starter, or
whatever you want.

Look around you right now. What do you see that didn't come from a
factory or mill?
Nothing.

All that "employment" of service workers for the last 15 years or so
was not sustainable.
Because America's "core" has been shipped overseas.
It ain't hard to figure out.

People making 50 grand buying 300 grand houses and 40 grand cars.
Full of stuff manufactured overseas.
Paid for with more debt.
Gimbel a break.

Didn't anybody here see that coming?
Nobody here struggle to save for their first house and wonder how
their kids could ever afford a house?

Nobody here ever work in a factory whose work was off shored?
Nobody here ever work an IT job that was off shored?

Then you got your public sector salaries and pensions.
Ever wonder why "administrators" pull down $3-400k salaries.
Then $100k pensions after 10 years?

I don't know when this "wealth creation" BS started.
Started noticing it in the Clinton years.
Money grows on trees by shuffling paper.

Don't normally work that way.
Wealth come from work and production.
And making sure more comes in than goes out.
That's why China is rich and we ain't.
Just check out the history of trade balance.

Sure, some get rich by luck with Ponzi schemes like Wall Street
equities.
They got paid for investing to offshore jobs.
But that's the exception, not the rule.
Quirk of timing.

Anyway, in the end people usually get what they deserve.
So the guy who got rich with stock "investments" deserves that.
The SOB who laid off his own son deserves that too.
Some people are laughers, some crybabies.
Some just work every day and do both.

You work the "system" to do what's best for you.
Same with changing the "system."
If you don't like it, change it.
Try not to be a sucker for anybody.
Nothing new.

--Vic