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| Unemployment: the New "Normal" American Economy? | | Print | |
| Written by James Heiser | |||||||||
| Thursday, 22 October 2009 08:00 | |||||||||
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Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years. That could add up to a "new normal" of higher joblessness and lower standards of living for many Americans, some economists are suggesting. The words "it's different this time" are always suspect. But economists and policy makers say the job-creating dynamics of previous recoveries can't be counted on now. _ The auto and construction industries helped lead the nation out of past recessions. But the carnage among Detroit's automakers and the surplus of new and foreclosed homes and empty commercial properties make it unlikely these two industries will be engines of growth anytime soon. _ The job market is caught in a vicious circle: Without more jobs, U.S. consumers will have a hard time increasing their spending; but without that spending, businesses might see little reason to start hiring. _ Many small and midsize businesses are still struggling to obtain bank loans, impeding their expansion plans and constraining overall economic growth. _ Higher-income households are spending less because of big losses on their homes, retirement plans and other investments. Lower-income households are cutting back because they can't borrow like they once did. Yes, it is true that by all appearances no real recovery is in sight. What is appalling is the signaling that the candidate of “Hope and Change” can simply surrender to the on-going destruction of the economy: “Let’s just all declare this to be normal and move on.” Readers are thus spoon-fed four ‘causes’ for the economic blight which are, in fact, effects, not causes of our present woes. If the situation is “different this time” it’s because the lunatics are running the asylum—that is, even more than they have in the past. There is nothing normal about ten percent (or, in truth, far more) of the American workforce being out of work. There is nothing normal about a federal deficit which is growing at an almost exponential rate. There is nothing normal about a federal government marching in lockstep toward national insolvency. Rt. Rev. James Heiser has served as Pastor of Salem Lutheran Church in Malone, Texas, while maintaining his responsibilities as publisher of Repristination Press, which he established in 1993 to publish academic and popular theological books to serve the Lutheran Church. Heiser has also served since 2005 as the Dean of Missions for The Augustana Ministerium and in 2006 was called to serve as Bishop of the Evangelical Lutheran Diocese of North America (ELDoNA). An advocate of manned space exploration, Heiser serves on the Steering Committee of the Mars Society. His publications include two books; The Office of the Ministry in N. Hunnius' Epitome Credendorum (1996) and A Shining City on a Higher Hill: Christianity and the Next New World (2006), as well as dozens of journal articles and book reviews.
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DDW
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People, make no mistake about it This is all deliberate. Those who would rule would like nothing better than the complete and total bankruptcy of these United States. That is exactly what they want and Obama is nothing more than a shill; a puppet dancing to their tune just as fast as he can dance. If I had the power and the authority, I would seize all the assets of every single insider and politician, including Obama, and tell THEM to suck it up and deal with it. Now wouldn't that be justice? I'm also willing to bet that if the people decide they've had enough and rise up in anger to crush those who would rule (which they have every single right to do) that puppet/shill Obama would immediately call in foreign UN troops. |
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What Happened ???? What politician in his or her right mind would vote for treaties that would dismantle the economy? What politician in his or her right mind erodes their tax base wiping out revenue? I guess one bent on the destruction of The Republic. I know it seems horrible doesn’t it? What person said in the 1960 said he was going to dismantle our industry? And to what end was his intent? |
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