Where’s the jobs?
This past week, after the jobs report, I was amazed at how few jobs were created in June… With trillions of dollars that have been poured into the markets, how could we see such dismal results? I mean bailouts, quantitative easing, and stimulus -oh my! And all we saw was a lousy 18,000 new jobs last month?
Are you kidding me? That’s not even 500 new jobs per state. How can we continue a jobless economic recovery? Until people are working and producing again and the housing market stabilizes, I don’t see us getting out of this economic mess any time soon. That doesn’t mean the stock markets can’t rally here and there, but long-term we will have a tough uphill climb until we solve the job/production issue.
If people aren’t working, they aren’t spending money and thus companies aren’t hiring – it’s a vicious cycle. The merry go round won’t stop until we give business owners (the ones who create the jobs) incentives to hire. Changing America from its current socialist state to a more capitalist environment would sure go a long way!
America used to be a pro-business country. We used to be the world’s “producer”. Now we are the world’s “consumer”. Jobs in the U.S. continue to be sent overseas and we as a nation continue to lose our competitive edge.
It’s no wonder, China is at our heels and on pace to take over as the world’s “top” economy. They are “producers” – they produce products and profit. We, in turn, borrow money and “consume”. The “consumer”, if he doesn’t control his spending, eventually becomes a servant to the “producer”. The tables must turn for America to continue her greatness.
May we curb spending and get back to being the world’s greatest producer! May we get back to our roots and may God Bless America!
What are your thoughts? What do we need to do to get back on track?
I’d love to hear your thoughts…