Posted October 15, 2012
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Overall, I think that there are more important things to talk about in the campaigns, for example what is each candidates plan to get 12 million people back to work.
Actually not as hard as you might think. The 12 million everybody promises to get back to work? You get over half of that if nobody does anything to intercede. (barring that the idiots don't actually let sequestration happen that is or Europe fails or China suddenly slows to a halt, it has a slowed some, or all of the above in one cataclysmic perfect storm where it doesn't matter who is in charge, we're screwed) Even if growth continues at the average rate it has done in the U.S. for the last 2 years adding 140,000 jobs a month, that 6.7 million jobs in 4 years. Any even slight improvement in economic growth, gets you to 12 million rather quickly, especially if public sector jobs stop disappearing as they are now. So the politicians make it sound like they're promising the moon, but in reality they're promising something that might happen anyway. As impressive as 12 million sounds, given that in 4 years there will be 4 years of more people trying into get into the job market and 140,000 jobs a month is the bare minimum to keep up with that and we lost well over 8 million jobs in 2007-9 and have only gotten 1.8 million of those back (along with losing some more public sector jobs since then) ... well ... suddenly 12 million stops sounding quite as impressive ... but a very good start I grant you.
The more substantive question is what will all those jobs be?
Post edited October 15, 2012 by crazy_dave