Bush Job Creation Promises Failing to Deliver

[GePap]

Originally posted by MrBaggins
Case in point the recent tech-job exodus to India.

Please. Imagine if India fully opened up its agricultural industry- wow, a gain of say 4million tech jobs, and tens of millions of small farmers losing work due to being completely non-competative..which is why so many small states don;t open up fully, for fear of being swamped.

The loss of tech jobs to India makes headlines cause its midfdle class people with the power to complain who get hurt. when millions of small farmers worldwide lose their jobs to agrocorporations in the rich world, no one cares.

[MrBaggins]

Originally posted by DanS
Well, guess who gets paid by corporations? It's ordinary Americans.

Corporate executive pay grades tend to trap more wealth in the already most wealthy segment of society. Trickle-down is a fallacy, and these aren't ordinary Americans we are talking about...

Unless you have the perspective of living in the Hamptons and commuting to work by helo.

[MrBaggins]

Originally posted by GePap
The loss of tech jobs to India makes headlines cause its midfdle class people with the power to complain who get hurt. when millions of small farmers worldwide lose their jobs to agrocorporations in the rich world, no one cares.

Right... I should care about them over Americans... why?

[Japher]

His predictions are laughable. Yet, I am happy with the results.



Is Bush to blame for the recession?

And why was 5.6% ok in 1996, but is bad now?

Here is a good graph on productivity:



Jumped more than 10 points in 2 years, the last 10 point jump took almost 4.

Average hourly earnings:



Not as good as the CEOs, but good none the less...

Awesome Site

[MrBaggins]

Originally posted by Japher
*SNIP*

Average hourly earnings:

*SNIP*

Not as good as the CEOs, but good none the less...

Mean or median? If its mean... then then you need to break out the executive salaries to show a balanced picture.

[DanS]

Corporate executive pay grades tend to trap more wealth in the already most wealthy segment of society. Trickle-down is a fallacy, and these aren't ordinary Americans we are talking about...

The most wealthy segment of society only earns about 4% of the national income, which is about the historical average. Your argument lacks perspective.

[MrBaggins]

Originally posted by DanS


The most wealthy segment of society only earns about 4% of the national income, which is about the historical average. Your argument lacks perspective.

Those who have the highest income are individuals with high business incomes. The ratio of earnings of the top one percent of the population to bottom 40 percent is 211 to 1 while for income it is 84 to 1.

These ratios have been increasing.

[DanS]

Source?

[MrBaggins]

Originally posted by DanS
Source?

“Dimensionality of Inequality: Facts on the U.S. Distributions of Earnings, Income and Wealth,” Quarterly Review, Federal Reserve Bank of Mineapolis

[DanS]

Link?

[MrBaggins]

here

[chequita guevara]

Originally posted by Japher
Is Bush to blame for the recession?

Yes. He ignored the terrorist threat, he talked down the economy, and he exploded the deficit.

And why was 5.6% ok in 1996, but is bad now?

It wasn't good then. It's not good now. Plus, that rate is lower than it should be due to high numbers of people dropping out of the labor force.

[Japher]

He ignored the terrorist threat

I think 9-11 was already in the cards long before Bush took office. Which means other people, as well as Bush, ignored such warning signs.

, he talked down the economy

He did? Optimism sucks, especially when your at war, huh...

, and he exploded the deficit.

I don't understand what this means.

I will be the first one to bash Bush for his poor handling of the economy, but I don't see the popping of the tech bubble as being his fault. Granted he could have done better in handling that situation, but with ALL things considered it is not all that bad, in fact it is pretty good. Especially when I look at all the opinion polls.

Desperate times call for desperate measures. Bush did not take desperate measures, granted, but he took enough of a measure so that desperate didn't become dead.

[Sava]

He did? Optimism sucks, especially when your at war, huh...

optimism is fine... but he isn't realistic. It's all well and good to be optimistic (as his job growth predictions have been), but it's another to tell the people what they want to hear when the exact opposite of what you say is true.

[Lawrence of Arabia]

Please. Imagine if India fully opened up its agricultural industry- wow, a gain of say 4million tech jobs, and tens of millions of small farmers losing work due to being completely non-competative..which is why so many small states don;t open up fully, for fear of being swamped.

indias agricultural market isnt open because of US subsidies which drive them out of business. if there were no more US subsidies, then they would open their market, and US farmers would go out of business, resulting in them moving to urban areas.