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Where’s the job creation? Nothing new since 1999

no job creation since 1999

As The Washington Post reported over the weekend, the entire past decade “was the worst for the U.S. economy in modern times.” There was no net job creation — none — between December 1999 and now. None!

The problem is that we will continue to import goods from communist China and communist Vietnam and send more jobs that were formerly done by Americans, off to India, Mexico, and so on. Knowledgable economists will continue to tell Americans what a good idea “free trade” is. And worst of all a lot of American people will continue to believe it!

If anyone has been following the USA’s import-export GDP figures (with he strength of the US dollar in the backdrop) over the past two decades, despite our best efforts/intentions, trade laws and initiatives by the USA versus other countries have not created a level playing field. China knows it, ASEAN nations know it, India knows it, Mexico knows it, yet we continue to see USA based manufacturing operations export themselves to other countries for cheaper labor, little or no health insurance overhead, fewer legal issues to accrue for, and the list goes on.

job growth by decade

The brand “made in the USA” has lost its luster, and it was happening at a alarming rate over the past decade that people like Lou Dobbs, formerly of CNN, tried to bring to the attention of our abysmal Congressman, Senators, and business leaders. What Lou Dobbs and other mainstream media people do not mention is that American manufacturing was planned decades ago to be pegged as “uncompetitive” against other countries’ exports in at least one mention by a Dr. Richard Day in 1969. On March 20, 1969, Dr. Richard Day, the National Medical Director of the Rockefeller-sponsored “Planned Parenthood” told a meeting that American industry will be sabotaged and shown to be uncompetitive.

In view of the recent bankruptcy of General Motors, his remarks are especially pertinent.

“The stated plan was that different parts of the world would be assigned different roles of industry and commerce in a unified global system. The continued preeminence of the United States and the relative independence and self-sufficiency of the United States would have to be changed… in order to create a new structure, you first have to tear down the old, and American industry was one example of that.”

“Each part of the world will have a specialty and thus become inter-dependent, he said. The US will remain a center for agriculture, high tech, communications, and education but heavy industry would be “transported out.”

These remarks to the Pittsburgh Pediatric Society were reported by Dr. Lawrence Dunegan, a Pittsburgh pediatrician who died in Jan. 2004. The speech described “A New World System” already in place which would permanently transform the world. You can view the full remarks by Dr. Day here.

Indeed, of the reportedly 18+ million unemployed (the figure is even higher than anyone wants to admit), it would not be too far off that at least half come from a manufacturing background directly or indirectly (as a supplier to the industry). Today these jobless have been either unemployed for lengthy period of time (12+ months or more), underemployed just trying to retain health insurance and perhaps a bag of groceries now and then , or dislocated and feeling they are in unfamiliar territory and out of their league.

Perhaps considering going back to school (like many people did) to ponder a new trade skill would be to their benefit but not knowing where the dial of the next economic boom is pointing toward would be one of the major problems. Indeed, most government job retraining programs are streering people into the service-based economy. The problem there is that the service economy largely does not create wealth, it only redistributes it.

The only market which has benefited from this recession, ironically, is the banking and financial services industry that got us into this mess in the first place. They say the financial crisis is over, but real, main street, job recovery will be slow to be sure. We need to get the USA back into the manufacturing “made in the USA” business and put America back to work!

An Uneasy Feeling
By BOB HERBERT Published: January 4, 2010

Staggering numbers of Americans are still unemployed and nearly a quarter of all homeowners owe more on their mortgages than their homes are worth. Forget the false hope of modestly improving monthly job numbers. The real story right now is the entrenched suffering (with no end in sight) that has been inflicted on scores of millions of working Americans by the Great Recession and the misguided economic policies that preceded it.

As The Washington Post reported over the weekend, the entire past decade “was the worst for the U.S. economy in modern times.” There was no net job creation — none — between December 1999 and now. None!

The Post article read like a lament, a longing for the U.S. as we’d once known it: “No previous decade going back to the 1940s had job growth of less than 20 percent.”

Middle-class families in 2008 actually earned less, adjusted for inflation, than they did in 1999. The data for 2009 are not yet in, but you can just imagine what happened to those families in that nightmarish downturn. Small children over the holidays were asking Santa Claus to bring mommy or daddy a job.

One in eight Americans, and one in four children, are on food stamps. Some six million Americans, according to an article in The Times on Sunday, have said that food stamps were their only income.

This is a society in deep, deep trouble and the fixes currently in the works are in no way adequate to the enormous challenges we’re facing. For example, an end to the mantra of monthly job losses would undoubtedly be welcomed. But even if the economy manages to create a few hundred thousand new jobs a month, it would do little to haul us from the unemployment pit dug for us by the Great Recession. We need to create more than 10 million new jobs just to get us back to where we were when the recession began in December 2007.

You can view the rest of the article at NY Times

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