Court 'moved ball' on racial hiring, Obama says - Yahoo! FinanceToo many jobs lost, Obama says in AP interview
WASHINGTON (AP) -- With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.
In a White House interview with The Associated Press, Obama said that since he took office, "we have successfully stabilized the financial markets," and "started to see some stabilization on housing."
"But what we are still seeing is too many jobs lost," said Obama, commenting after new government figures showed the unemployment rate had risen to 9.5 percent last month
Privatizing space exploration would also cut government spending, and lower the national debt.
I cannot stand the way politicians talk about job loss. They act like if they don't DO SOMETHING (AKA government expansion and spending) the jobs will never come back, as if the only reason those jobs existed in the first place was our magnanimous government.
The jobs WILL come back and the economy WILL recover; it just takes TIME for the free market to self-correct, that is, if we allow it to, which we're not.
Welcome to the global economy.Not really, but you are right in one thing, government is not the answer.
The jobs won't come back because companies can outsource cheaper than they can produce here.
Free-market has said "do it overseas".
Welcome to the global economy.
Like everyone and everything else, the American worker has to be competitive in that market, or he wont have a job.
True, but why is outsourcing more attractive? It's not because of superior workmanship, it is all about avoiding government mandates that make supplying a good product at market price impossible from domestic labor, it is also because of union perks and their overly friendly treatment from governments, and the hidden taxes passed along the supply chain by government tax policy.The jobs won't come back because companies can outsource cheaper than they can produce here.
The free market principles dictate outsourcing, but only to a friendlier market, not quite a free one.Free-market has said "do it overseas".
"Getting real" includes dumping the idea that, just because you're an Amenrican, you're entitled to a $30/hr union job with full benefits.And how is the American worker supposed to be competitive for the $1.00 an hour overseas that some get?
Even if the American worker were willing to work for that, that would be $160 a month. Get real.
Welcome to the global economy.
Like everyone and everything else, the American worker has to be competitive in that market, or he wont have a job.
See my response to TNE. It covers your post quite well."Competitive in the market" means Americans should accept work for $1 a day like someone in BanglaDesh. That's not likely to happen.
And how is the American worker supposed to be competitive for the $1.00 an hour overseas that some get?
Even if the American worker were willing to work for that, that would be $160 a month. Get real.
I don't agree with the stimulus package as it stands, but one thing I do think is companies that go overseas should get NO TAX benefits for doing it.
"Getting real" includes dumping the idea that, just because you're an Amenrican, you're entitled to a $30/hr union job with full benefits.
Want to not have your job outsorced? Get one that cannot be.
Companies exist to make money. If they can pay someone 10% your wage for the same (or better) work, why wouldn't they?
And, how do you propose the government stops them?
TO expand slightly:
However likely you think it may be -- if that's what the labor market will bear, then you'll accept that job, or not have one.
A few things to understand, American workers are 10x to 20x more productive than their Chinese and Indian counter parts.
Many of those reasons are because of an under valued dollar, this site may not have the bandwidth to fully explain it from the beginning.Not if its $1 or $5 an hour, you CAN'T SURVIVE on that.
"Slave Wages" are better than no wages if we are talking about outsourcing.Because the American workers are not payed SLAVE WAGES.
The sentiment behind it does. You are not entitled to ANY jon, much less one that you think pays what you think you are worth.Your using ONE example, that doesn't cover outsourcing as a whole.
How short sighted.Not if its $1 or $5 an hour, you CAN'T SURVIVE on that.
Easy for you to say that when you aren't one of the people making that."Slave Wages" are better than no wages if we are talking about outsourcing.
How short sighted.
Like everything else, price of good/services is related to what people are willing to pay. Wages go down, eventually so to does the cost of living.
That's why comparable houses in certain areas cost so much more/less than others.
Court 'moved ball' on racial hiring, Obama says - Yahoo! Finance
An ASTOUNDING observation, one that could only be made by someone with The Obama's supreme mental prowess.
So... what are you going to DO about it?
Spend more money?
Run up more deficits?
Print more money?
Raise taxes?
Further nationalize the auto industry?
Further nationalize the banking/financial industries?
Because the American workers are not payed SLAVE WAGES.
The wages the Chinese and Indian people make are not slave wages, they are in line with their cost of living and lifestyle expectations.
For a time, perhaps.No, what happens is the homeless rate goes up.
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