The Actual Tragic Job Outlook

Food for thought. Many analysts explain that jobs will soon return. They point to prior recessions and to the recovery and subsequent growth that occurred, and that the same sequence will again occur. But every analysis fails to address two major points:

• The absence of the estimated one to two trillion dollars of spending by the American public that existed prior to the present financial melt-down from the bloated equity in their homes. That one to two trillion dollars provided the funds for the massive buying and home building that no longer exists and will not exist for many years to come.
  
• The transfer of much of the manufacturing sector that once existed in the United States to overseas, eliminating the jobs held by a major percentage of the male population. The unrealistic goal for years that all Americans should have a college education insured that many Americans would be jobless. Good thinking!

That means that many millions of people now unemployed, will remain unemployed, for years to come, or for the remainder of their lives.  Those unemployed, with a family, children, unable to provide housing or food, will become another self-inflicted American tragedy.

Compounding these problems for the entire American population people are many others. For instance, the two trillion dollars in borrowed money to fund the two wars, started on a basis of lying by politicians, will bring about additional financial problems as the people are called upon to pay up.

Tragically, much of the shallow-thinking and shallow-informed Americans still do not recognized the actions of the political party that was mostly responsible for these problems. Though both parties share blame.

This writer wrote such books as:

• America's Housing and Financial Frauds.
• Congress and Other Cesspools.