Friday, November 5, 2010

jobs, jobs jobs

I love the idea that everyone agrees on jobs as the most important challenge for the economy going forward. the dems got murdered because they did not deliver jobs and the republicans got elected because they promised to deliver them. here is my problem: the middle of the country, the rust belt, for the most part has lost all their jobs. we are not going to get manufacturing jobs back. the technology sector which influenced all business has made it possible to quantify and articulate the specifics of most tasks so the tasks have been outsourced overseas to lower cost entities. those jobs are not coming back and most people over 50 will be seriously challenged to find any work, let alone doing work they were educated to do.

so here are the solutions: cut taxes so companies will invest more. why should they? they make plenty of profit now and a tax reduction will only make it larger. cut spending? like on what? the kind of spending that does create jobs? government spending. the american corporation has all but abandoned the concept of research and development for the sake of short term profit. if the government does not spend on R and D in places like health care, NASA, science and a variety of industries, who will?

i can't wait to hear what jobs the republicans will generate, and i mean the type of jobs, the specific of jobs, not just the word, jobs, when they want to cut expenses and lower revenue by cutting taxes on the very companies that are cutting jobs by the millions. it does not add up. they keep asking does the president "get it". fortunately for the republicans they can count on the american people not getting it and continuing to allow the republicans to get elected on empty promises.

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