Living in today's economy is getting harder and harder, and tomorrow's
outlook is not getting much better There are millions of people out of
work, and their hopes of finding an oasis in the middle of the desert are
diminishing quickly.
A story from FOX news on February 20th, 2010 entitled
"Getting Back Lost Jobs Could Take 5-Plus Years" sends a chill down the spine of Americans from coast to coast.
"So many jobs have been lost that the U.S. must run hard just to keep from
losing more ground. Despite the election-year emphasis on job creation by both
parties, the short-term outlook is bleak.
While many economists believe the recession is technically over, nearly 15
million Americans remain unemployed. Six million of them have been out of work
for more than half a year.
President Barack Obama is asking for almost $300 billion more for recession
relief and job formation. The House last December passed a $154 billion spending
bill focused on jobs. The Senate is due to debate a far more modest version on
Monday, but appears bogged down in partisan bickering.
With or without new legislation, reducing a jobless rate that's now just under
10 percent to prerecessionary rates of about half that won't happen soon,
especially as government efforts to prop up the economy begin to wind down.
It could take up to five years or more just to get back to even."
(Click http://www.foxnews.com/politics/2010/02/20/getting-lost-jobs-plus-years/
for more info.)
In my humble opinion, it will take much more time than
they say it is in the article to regain our footing as one of the greatest nations in the world, if we ever
do at all.
The biggest problem is that the sole focus of our governments actions has
been and is to cover the wound without cleaning it. Unfortunately the article is right about
the problem; all the government bailout programs have been doing is propping up our
economy to try and delay the inevitable in hopes that it will ease the torture.
In my opinion, what they have really been doing is re-cocking the fist that
already knocked the wind out of half of America. With the housing incentives
that have been dragged out, a lot of hard working people who could be
out of work any second have bought homes they would have thought twice about if there hadn't been a strong
push for them to. Of course, the purpose of their efforts was to jump start the droopy economy
by stirring the housing markets boiling pot - what I think has resulted is what happens when anything is unnaturally stimulated
- it crashes. Sure it is helping to stir the economy, but like you have probably heard,
the bigger they are, the harder they fall. Once the honeymoon is over
there will be a beast that is going to awfully hard to live with.
Not only is the employment that is still around turning over to new people
at an increasingly slower rate due to the fact that the people that have them and would have been
retired are holding on to them longer because they can no longer survive on
what they have saved but most newly created jobs are nowhere near
the same caliber of the ones that are gone. The jobs we have lost are not coming back - they are
either in India to stay, or they have become obsolete through the advances in
technology that are bound to overtake even more jobs.
I fear that if we don't let the recession just do its thing and naturally rebound, there will be some serious over-correction due to mans meddling hands. There is no faster way to bring it to an end than to stare it in the face and deal with it head on. Like pulling a tooth, or a sliver out of your skin, the anticipation is much worse than the actual pain. People will survive - life will go on. Meanwhile, our focus and resources should be put towards educating the population of
new ways to create wealth. The jobs that are gone are gone. We can either cry about it, or get over it and find a solution to the problem, but trying to "prop" the economy up is not going to solve any of them. It is only raising hopes that will inevitably come crashing back down. There are solutions out there, we just have to open our eyes and adjust to the new paradigm of thinking - one that includes such industries as the formerly despised one of
network marketing.
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