What does the future of the US look like when a university issues the following analysis:
"In addition, the jobs being created may not provide workers with a secure future and the education system is failing to provide skills such as analytical thinking that will be crucial for future workers, he wrote."
If workers don't know how to think, how to calculate, how to separate the "wheat from the chaff", we now understand how Barack Hussein Obama was re-elected. His election was and is a tremendous knock to our education system. Students no longer have an understanding of our history, don't recognize the special place that the US is, and are inbred with the idea that this a terrible country. It doesn't take a Rhodes Scholar to know that the indoctrination has worked.
Now that millions have decided to drop out of the workforce, unemployment still remains high at 7.6% and we have a President who does not understand how to do anything other than turn the IRS onto citizens, command his Attorney General to sell weapons to Mexican drug dealers and to change America as we have known it. That is not a record of success. However, this country will never be the same again.
Conservative Tom
UCLA Report: US 'Great Recovery' Isn't 'Even Normal Growth - It's Bad'
Now that millions have decided to drop out of the workforce, unemployment still remains high at 7.6% and we have a President who does not understand how to do anything other than turn the IRS onto citizens, command his Attorney General to sell weapons to Mexican drug dealers and to change America as we have known it. That is not a record of success. However, this country will never be the same again.
Conservative Tom
UCLA Report: US 'Great Recovery' Isn't 'Even Normal Growth - It's Bad'
Wednesday, 05 Jun 2013 03:52 PM
The second-quarter UCLA Anderson Forecast said the growth of real gross domestic product — meaning the inflation-adjusted value of goods and services produced — is too small to help the nation climb out of its slump.
The figure was 15.4 percent below a "normal" growth trend, forecast director Edward Leamer wrote.
"To get back to that 3 percent trend, we would need 4 percent growth for 15 years, or 5 percent growth for eight years, or 6 percent growth for five years, not the disappointing twos and threes we have been racking up recently," he said.
"It's not a recovery. It's not even normal growth. It's bad," he wrote.
A real GDP growth rate of just 1.9 percent is expected for this year, only rising to 3 percent in 2015, according to the forecast.
The figures will get a boost from a recovering housing market, forecasters said, with housing starts jumping from the historic low of 550,000 in 2009 to 1.5 million by 2015.
Unemployment should fall to 6.9 percent next year and 6.6 percent by 2015, according to the forecast — partly due, however, to discouraged workers dropping out of the labor force.
Leamer said that while jobs are being created, "the tepid growth continues to obscure the nation's most fundamental problems: too much government spending funded with too much borrowing, too little national savings to cover late-in-life health care issues and too many workers lacking the skills to compete in the modern economy," according to a University of California, Los Angeles press statement.
In addition, the jobs being created may not provide workers with a secure future and the education system is failing to provide skills such as analytical thinking that will be crucial for future workers, he wrote.
"Regrettably we reward teachers if their students can regurgitate the information on standardized tests," Leamer wrote.
California, meanwhile, outperformed the nation in job growth during a 12-month period that ended in April. Only Utah's growth rate was greater, the forecast said.
The forecast for all of 2013 is for total state employment growth of 2.6 percent, slightly higher than predictions for national growth.
However, the state's current unemployment rate of 9 percent is still higher than the overall U.S. rate of 7.5 percent. UCLA forecasters predicted the state figure will drop to 8.8 percent by the end of the year and 7.7 percent by the end of 2014.
The state's technology sector was a big contributor to job increases, along with the construction industry, which benefited from rising demand for housing, the UCLA forecast said.
© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Urgent: Should Obamacare Be Repealed? Vote Here Now!
This does not tell the whole story. There are two economies in this country. The economy this guy is NOT talking about is doing great. Corporate profits have soared to record highs under Obama. The stock market has gone from 7,000 to 15,000 under Obama. The Wall Street banks destroying our country are doing fantastically well under Obama. They are 30% bigger today than in 2009, and have more than $7 trillion in assets (half the nation's GDP last year!). The share of national income and wealth going to the top 1% has never been as great as under Obama.
ReplyDeleteHave you considered that (whether Obama, Bush, or Mickey Mouse is president of the United States), the first economy has, for decades, suffered from financial disasters deliberately created by the second economy? They have been very successful at it. I'm just asking.
--David (OWS)
P.S. They don't need a good educational system in this country. Their workers and production plants are mainly in China and their kids have private schools. It doesn't take much education to work in low-pay service sector jobs, which is about all they left behind.
I do agree that the stock market has not unrealistically well in this country, as well as the banks. Both can thank Ben Bernake for pumping trillions into the economy. It has NOTHING to do with Obama and his bunch of goofuses, meanwhile good businesses are going to be ruined by Obamacrapcare.
ReplyDeleteThat is my point precisely. As I said, Mickey Mouse could be president, and we'd have the same results.
ReplyDeleteWall Street runs this country. Obama, Bernanke, Congress, are all their servants. This guy is blaming the servants instead of their slave masters.
If you believe "good businesses are going to be ruined by Obamacare," then you should take my $20 bet that the gross profits of the top-5 health insurance companies will be greater end of 2014 than 2013. That is simple proposition. No problem with measurement, either. How about it? Come on, Tom.
--David (OWS)