What’s your prescription for weakening economy?

The economy’s spring slump appears to be extending into the summer, according to a slew of mixed data released Thursday, Associated Press writes.

What’s your prescription?

Layoffs are rising more than two years after the alleged “recovery” began. In fact, Georgia’s jobless rate rose to 9.9 percent in June, the state labor department reported Thursday.

Economic growth is projected to pick up this fall — but not enough to give businesses confidence to hire and speed the recovery, AP writes. The economy could lapse even further if Congress and the Obama administration fail to reach an agreement on raising the nation’s borrowing limit in the coming week.

Earlier this week, I wrote about my idea for stimulating more job growth.

Now it’s your turn. What’s your idea to turn around an economy that’s been struggling since December 2007?

- Henry Unger, The Biz Beat

For instant updates, follow me on Twitter.

59 comments Add your comment

Your ideas were right

July 22nd, 2011
6:59 am

Back in 2009 when Obama was telling us his plan to stimulate the economy, I did not understand why he told us that we would not see “government jobs programs” like the ones enacted in response to the Great Depression. He was wrong and it is even clearer now that he was wrong. So, you’d think that he’d now start pressing congress to invest in jobs programs.

The entire conversation has been hijacked by the Republicans and their manufactured crisis regarding the raising of the debt limit.

Let’s face it, Obama was wrong about how to revive our economy and he’s done a lousy job at keeping his and congress’ focus on addressing the jobs crisis.

A.S.Mathew

July 22nd, 2011
7:34 am

The whole nation is under the grip of an “herd instinct” of fear and
hopelessness. Even those people who used to say two years back ” the
economy will bounce back in six months”, are now telling that it will
take three years to bounce back. To survive until the bounce back
day, everybody is tightly holding on to their money. Low consumer
confidence and lower spending will make the economy farther into
deeper recession. Nobody knows the cure for our economic crisis. At
first, we all need to change our “mindset” of hoplessness in order to
create any forward momentum in the economy. When we don’t have income to spend, how we can change our mindset? Our standard of living
is being pushed back every day with less consumption and less luxuries.
Nobody can expect a fast recovery since we have plummeted deeply into
an economic hole. Those nations who were mainly depending of their
export to the U.S. will feel the economic struggle gradually. No human
being has any prescription, but only GOD knows the prescription. We are
all totally in confusion.

Max Sizemore

July 22nd, 2011
7:50 am

There will be no bounce back. Get used to it. The country is only at the beginning of a long, slow decline. The demographic pressure is inexorable. Eliminating distinctions between commercial and investment banking in the 1990s was a major mistake.

Allie F.

July 22nd, 2011
8:08 am

Cut the budget and all government spending by 25%; cut all government staff by 25%; cut all earmarks; rescind Obamacare; stop all welffare to illegal aliens; cut congressional perks and their egregious expense accounts; enact a balanced budget amendment; Obama must reimburse government for all campaign travel/trips; NO NEW TAXES! Focus on Jobs, Jobs, Jobs!!!!

Henry Unger

July 22nd, 2011
8:46 am

A.S. Mathew: You describe the problem quite well. What policies can help us break out of that hopelessness mindset?

Mountain Steve

July 22nd, 2011
9:11 am

Release non-violent drug offenders from prison
Reform drug law make marijuana legal and tax it
institute a guest worker program for migrant workers
remove subsidies for tobacco and ethanol
go to a corporate flat tax and get rid of all the deduction hokum
begin a troop draw down in Afghanistan/Iraq and decrease the size of the vast military industrial complex

Gwinnettian

July 22nd, 2011
9:26 am

Under our current Administrative policies, Business has been villified and Financiers have been outright targeted. Energy Czars, Car Czars, more Czars than they have in Russia for goodness sake have further constrained commerce. Then we have the legislation imposed; healthcare, minimum wage, and an outright ignorance of an illegal workforce that cripples American employment.
You combine all these things together with a Leader who believes his brain is the only one on the planet and that the legacy of his signature legislation is more important than making the Leadership decisions that create jobs – you are going to get a stifled economy.

The cure; stop spending, repeal Obamacare, and let American Capitalism cure market forces. You ask a Business decision maker and they aren’t going to hire as long as Business is stifled and that looming healthcare bill stands in the way. In short – get rid of ObaMAO and you’ll get America back.

shaggy

July 22nd, 2011
9:32 am

Fair Tax. Make America “The Place to do Business”.

Not only will foreign outsourcing curtail, foreign investment will strengthen, bringing more jobs back to America.

Added benefit: Radically change, maybe eliminate altogether, the HUGE beuracracy that is the IRS.

AR

July 22nd, 2011
9:41 am

This country was built on IN GOD WE TRUST!!! When this country removed this from the schools, courthouses and everything that has his name just to please people who don’t believe, this country started going down. We have changed our values totally in this country. When you remove GOD it made it possible for satan to have his playground. Go back to the basics, IN GOD WE TRUST!! and everything else will fall in its place.

Cutty

July 22nd, 2011
9:49 am

In Gwinnettian’s view, paying minimum wage is what’s stifling the economy. Maybe we should pay all of our service workers and the like in bread and water. That will do a lot for consumer spending. Businesses like to say how regulations are depressing investment, but their stock prices and balance sheets say otherwise. When these new CEOs get more tax incentives and subsidies, they just hoard the money or use it to pat stock dividends. If I had total control of the economy I would do the following:

Lower the corporate income tax rate for three years. If the employment rate drops and companies are reinvesting their money into the economy, I’d automatically make it permanent. If not, then I would raise it above what the current rate is.

Propose a one year income tax holiday to promote consumer spending and really help small businesses.

Institute a commission to deal with healthcare inflation, which is the real driver of debt.

Trim the defense budget by 20%, end all corporate subsidies (a real free market), and means test Medicare and SSI, which are not entitlements. People have paid into these programs for decades and are deserving of these benefits.

All of the comments about ending the IRS and the DOE may sound good, but does nothing to get us out of this hole.

i.b.black

July 22nd, 2011
9:51 am

The author forgot to include the + (X-M) in the GDP equation. It should read
GDP= C+ I + G + (X-M). At any rate, what arm chair economists fail to realize tis that there is a multiplier effect with investment spending (private or public sector) so that $1 spent actually is magnifies as it moves through the economy. THe converse is also true. When investment spending is reduced its negative impact accelerates the downward spiral. One of the major problems in our country is that businesses seemingly ignore long term investment (R&D) to enjoy short term profits. This is a failed paradigm. A few years back, the federal government “loaned” money to large financial institutions for which they have neglected to invest or loan to the public. For the last few decades we have implemented supply side economic principles and they have failed colossally. Under Reagan the deficits tripled. Under Bush they doubled. Both of these politicians were touted as fiscal conservatives but did not live up to their billing. Certainly Democrats have contributed to this mess and should not be excused. In short, the money used to stimulate our economy through “trickle down” policies from the top would have been better spent had they been focused on watering the bottom.

Fletch

July 22nd, 2011
9:59 am

Gwinnettian – “You ask a Business decision maker and they aren’t going to hire as long as Business is stifled and that looming healthcare bill stands in the way.”

Well as long as your asking, We actually hired a new pilot and a mechanic last month to facilitate our Air Charter expansion from PDK to McCullom Field. In addition, We’ve hired 40 new guards for the security business in Los Angeles and Las Vegas due to new client contracts. And I just purchsed 19 head yesterday (4 bulls, 15 heifers) for our beef operation in Montana along with the hiring of 2 new wranglers at both the outfits in Scobey and Round up. We provide healthcare insurance for ALL employees, and have never predicated our business decisions on who was sitting in the White House. As always, the demand drives our decicions. If you and your partners are afraid to hire because of the president, you might want to sell your business and go back to earning a regular paycheck.

C.S.

July 22nd, 2011
10:09 am

Those are some good suggestions, Mountain Steve. Unfortunately, the lobbyists who represent Big Farming, Big Tobacco, oil companies, accounting professionals, and prison and defense contractors will make sure they never see the light of day.

Tyler Durden

July 22nd, 2011
10:10 am

Cash for clunkers worked really supa dupa! Wait, we could invade a country ot two…maybe three. That would rev up the economy.

Tyler Durden

July 22nd, 2011
10:13 am

Big tobacco? Really? Like who the heck smokes anymore? How about big law?

Fletch

July 22nd, 2011
10:13 am

Tyler Durden – “Wait, we could invade a country ot two…maybe three. That would rev up the economy.”

I think we tried that under the last administration, and didn’t get much by way of ROI. Also, that fact that the two excursions were not accounted for on the books became problematic as well.

Fletch

July 22nd, 2011
10:15 am

C.S. – “Unfortunately, the lobbyists who represent Big Farming,”

Okay, I do have to plead guilty on that one. While I agree that they could be curbed, I will admit that we do receive some “assitance” by way of subsidies for the operations in Montana. However, if they were eliminated, we would simply re-align expenditures to compensate.

Smallbusinessfuture

July 22nd, 2011
10:26 am

With most small businesses unable to find funds to expand or assist with growth, R & D and expenditures our economic future looks bleak. This administration fails to understand that the mom and pop of today is the Walmart or Apple of tomorrow.

outsourced

July 22nd, 2011
10:26 am

Simple – repeal Nafta, Cafta and any other company bailout program. Tax companies that outsource work to China/India while we have unemployed. Company management don’t care about the little people as you can tell when the CEO makes 600 times the amount of the average worker.

outsourced

July 22nd, 2011
10:28 am

oops – management doesn’t care…

Small businesses have the hardest time with expenditures. Separate health care from employment.

sim

July 22nd, 2011
10:29 am

the solution is to vote out obama, business wont hire while he is in office

Fletch

July 22nd, 2011
10:32 am

outsourced – “Small businesses have the hardest time with expenditures. Separate health care from employment.”

I think you can still have healthcare tied to employemnt as long as business owners “willingly” provide. We agreed over 15 years ago, that every employee would get medical insurance provided by the company. It’s just good business. It doesn’t mean that we don’t bitch when BCBS delivers our annual increase, but it doesn’t break us. I never understood why any owner that was interested in running a successful company wouldn’t take care of their most valuable asset – i.e. the employees. We’ve always done that, and have absolutely NO regrets.

Fletch

July 22nd, 2011
10:33 am

sim – “the solution is to vote out obama, business wont hire while he is in office”

See my 9:59 post

rightwingextreme

July 22nd, 2011
10:42 am

1) Obama and his policies have to go. They does not foster a positive business environment.
2) Repeal Obamacare
3) Eliminate needless regulations
4) Lower corporate tax rates
5) Lower capital gains tax rates
6) Utilize E-Verify to screen anyone on welfare, foodstamps, etc. If you are receiving money from the government, you have to be a legal U.S. citizen.
7) Reform Social Security
Anyone over 50 stays in the plan with no changes in benefits or eligibility.
Anyone under 50 is converted over to a private 401(k) type plan. You would have an option of remaining in the current plan, but at greatly reduced benefits and increased age eligibility requirement.

You would also be required to purchase a disability/LTC policy to replace the disability benefits in SS.

outsourced

July 22nd, 2011
10:43 am

Fletch – I believe there are two things that should be afforded to every American – health care and education. Removing health care and its related options from your employment would allow continuity with your health provider as you navigate through your career. It also eliminates a huge burden from companies – not just a direct cost but the indirect management of the service.

outsourced

July 22nd, 2011
10:44 am

rightwingextreme – ha, ha, ha…

By the Numbers

July 22nd, 2011
10:45 am

We need to let in more immigrants into our country, regardless of the fact if they can fully support themselves or not. Not enough babies are being born in the US, so lets continue to adopt children from counties from all over the World to feel the need. Nevermind that many of the adopted children have major heath issues and will require a lifetime of specialized care, we need more people in this country to grow.

Our economy will continue to slip into third world status, but our immigrations numbers will be up. The rest of the World will love us because we are taking care of those that they can’t. Other nations will continue to thrive because they will keep their best and brightest and shove their rejects off onto the socialist US.

We can be a strongest third world country if we continue on this path. We can do it, go US!

Fletch

July 22nd, 2011
10:48 am

outsourced – “It also eliminates a huge burden from companies – not just a direct cost but the indirect management of the service.”

You don’t have to sell me on that concept. Unfortunately it’s still a long way away from becoming reality. It’s interesting when I attend the various Chamber meetings and speak to other business owners. Owners that have always provided benefits to their employees typically compalin about the insurance companies and the increases. Owners who haven’t provided benefits for their employees almost always just complain about the HCA (Obamacare).

joe

July 22nd, 2011
10:54 am

Simple–elect a new business-friendly, capitalist-supporting President in 2012…

XOXO

July 22nd, 2011
10:58 am

Don’t you just love it when two posters have virtually the same thought process and can be so darn agreeable! ;) That’s hope and change Obama style.

The economy is not Obama’s problem, everything can and should be continued to blamed on the previous administration whenever possible. Obamacare will save us all, as well!

doh

July 22nd, 2011
11:01 am

Oh lord. IB Black and fletch are absolutely correct. Companies are keeping too much profit because of the mess in Washington. They are either too afraid to invest their profits, or to greedy. The economy will not rebound until companies hire more workers and more money is put into circulation. How do you get businesses to hire more workers?

1. Solve the Washington disagreement once and for all. Its funny how Republicans won’t stand up to the bully tactics of the Tea Party. If the Republican leadership can not reign them in, then you send them a message. You join with Obama and the liberals and crush them politically. Because right now the American people are blaming the Republicans, and when voting time comes your going to see a blood bath. Independents are not going to care if you are a moderate Republican or a Tea Party Republican, they already are blaming your party for not trying to fix this mess.
2. Offer massive corporate tax breaks to companies that hire workers. Lets see if tax breaks really do create jobs.
3. Spend government money wisely. People forget that there are a lot of workers in this country who depend on government contracts. Lockheed Martin which just announced massive layoffs, receives 85% of its revenue from the Federal Government. Look at how many jobs are lost because of the Space Shuttle, and not just NASA employees all the small business owners on the Space Coast will probably close up shop. The NASA budget was what less than 1% of the total budget BTW.
4. Improve our infastructure and educational system. Nothing makes more productive workers than those that are educated.

Fletch

July 22nd, 2011
11:08 am

XOXO – “The economy is not Obama’s problem, everything can and should be continued to blamed on the previous administration whenever possible. Obamacare will save us all, as well!”

I wouldn’t lay blame on the previous administration, nor do I think that Obamacare will solve all our problems. I do however believe that the decisions made over the past 30 years in regard to spending and revenue have been reckless and irresponsible and I hold both the Left and the Right accountable for the situation that the country is currently in.

Logic

July 22nd, 2011
11:22 am

Repeal Obamacare immediately

Pass a Balanced Budget Amendment

Remove the amendment related to collection of income taxes and replace with the “Fair Tax”

PROBLEM SOLVED – ECONOMY STRONG & HEALTHY

outsourced

July 22nd, 2011
11:28 am

Fletch – I’m with you. It’s a mentality change that’s needed – it does not happen over night.

And for anyone thinking we’re on our way to being a 3rd world country – go visit one and then tell me how good we have it.

Kevin

July 22nd, 2011
11:54 am

It’s simple. Seize the assets of anyone deemed “rich”. Give them to people deemed “poor”. They will go out and spend the money and stimulate the economy.

Because, you know, the rich are evil and don’t deserve what they’ve earned. It’s not like any of them worked hard or sacrificed, or anything like that.

SNAP

July 22nd, 2011
11:56 am

We have become too dependent on government for their livelihoods. Forty cents of every income dollar Americans receive now comes from state or federal government. And the Great Society safety net mentality has been drilled into us for so long that it’s now generational.

We need to begin incrementally scaling back welfare and entitlement payments so that Americans are forced to become self-sufficient again. If we have to sell apples on the street corner so be it. Who really believes that we’ll remain the world’s leading nation with half our citizens surviving on government transfer payments?

Kevin

July 22nd, 2011
12:06 pm

@ Snap. You’re spot on. Yesterday, I was in three stores/restaurants that had “Now Hiring” signs. On the radio this morning, I was reminded that more people are on food stamps now than any time in history. There’s a disconnect here. You may not be able to find THE job you want, but I’m convinced there is A job out there for you.

In the early 70s, my parents had two kids in their early 20s (I was one of ‘em). My dad worked three job at times, just to survive and feed his kids. People today have a different entitlement mentality. They expect things to be handed to them.

Until this mentality changes, our economy will continue to drag.

Irememberthe80's

July 22nd, 2011
12:18 pm

I remember a strikingly similar situation in America in the late 70’s. The Ford/Carter era’s had double digit unemployment, astronomical (near 20%, or more?) interest rates, gas was expensive and RATIONED. Then Reagan came along. He cut taxes, cut government spending and relaxed government regulation on business. Democrats, and some rival republicans during the run-off, called it ‘Voodoo economics.’ But it worked. It worked amazingly well. During Reagan’s tenure we saw unemployment cut in HALF down to 5.6%, we saw 16 MILLION jobs created during that time, and the median households income rose by an average of $4,000.00 per. Look it up if you doubt me. Why is it in this country, when we find something that works, and works WELL, we allow our politicians to forget it? Look at Obama’s plan: Raise taxes, raise government spending, and tighten regulations on business. It’s the EXACT OPPOSITE. Why do this, when we have a proven model that worked, and we saw it work just 30 years ago? I’m stumped.

Even Hillary would have been better

July 22nd, 2011
12:20 pm

The majority of our nation’s citizens, especially the powers that be that hold most the wealth, have No Confidence in Obama. Can you blame anyone for trying to hold onto what money they have left in this poor economic environment?

In the past, an event like the death of bin Laden would have started an inroad to economic recovery. Casey Anthony got more media exposure than the death of our nation’s most hated man. The citizens of this nation want more than the hope and change we were promised. Obama got nothing off of Obama for a reason.

Obama’s presidency is historic in many ways, unfortunately the bad will outweigh any good by a longshot.

m9985

July 22nd, 2011
12:21 pm

The first thing is to recognize that there are not simple solutions. Neither just cutting taxes or just raising government spending will get us out of our problems. Our economic problems arise from bad policies in the past and from changes in the way the world does business. Some government programs have been too generous, and we have cut taxes while we were increasing expenditures. Many enterprises find that they can do well by outsourcing labor or by using computers to do jobs done by people in the past. Those issues have to be addressed, and they are not easy. We need some degree of national consensus about these problems and their solutions. We need politicians and business leaders to discuss them realistically. We need to plan government and private investment in technologies and projects that actually have long term benefit for our nation. We have done this in the past. The interstate highway system, the space program, and scientific research are some examples. Each of these has had some undesirable side effects, but there has been a general consensus that these investments were worthwhile. They have all involved government and private spending, and they have all created jobs. If we are thoughtful in choosing our goals and turn our attention to results rather than demonizing each other, we can have an impact on our problems. We have infrastructure and social needs that should be addressed in this way. These include transportation, the way to run medical care, energy, and communications (internet security) among others. This requires some degree of risk in investment, but America understands that. It involves incentives for investment and competition, but it also involves government making investments where private investors do not see a short term gain. It requires openness in government and in business practices so that the public has confidence that corruption is not eating up the funds. Most of all it, requires political, business, academic, and journalistic leaders entering into sincere discussions about our needs and goals.

outsourced

July 22nd, 2011
12:27 pm

Irememberthe80’s – I love Reagan and how we felt with him in office. Truth be told, though, he was at the start of this. He took us from the world’s largest creditor nation to the world’s largest debtor nation. He spent. Not saying that he agreed with the spending that has happened since or even the lack of regulation in today’s banking/brokerage industry, but in his tenure lies that root of where we are today.

Barry

July 22nd, 2011
12:49 pm

The CURE is coming … November, 2012
Bye, bye, Barry…

Douthit

July 22nd, 2011
1:04 pm

Bill Bradley recently outlined a strategy that sounded very reasonable and would appear to have some chance for success.
For employers of 50 or more nationwide, the government offers to pay 20 percent of the salary of each new hire, provided of course that the company doesn’t fire/lay off anyone. Implement this for the next two-three years, and it would seem that unemployment could drop to the 7-7.5 percent range.

Douthit

July 22nd, 2011
1:06 pm

The Bradley plan, along with yours, Henry, could put us back on the path to prosperity and would make perfect sense.
That’s why they are not likely to see the light of day.

And no, Henry, you certainly are not a complete moron.

RT

July 22nd, 2011
1:07 pm

AR – you are an idiot. I get so tired of people thinking “GOD will figure all of this out.” It’s time for somebody in Washington to step up and take some responsible steps to find a compromise. Sitting around praying makes you sound stupid – like you don’t understand anything about the economy. I’m sure that’s because you don’t. We need to stop the gov’t spending on entitlement programs we can’t afford. That’s at the federal level. In our homes, it’s time to stop buying cars from the Japanese and filling them with oil from the Saudi’s. AR – if GOD were here that’s what he would tell you. You should pray – for an economics lesson, not for an answer to fall from above!

dyslexicbunny

July 22nd, 2011
1:11 pm

I dunno why anyone thinks companies should be in any rush to hire anyone. They’ve laid off a bunch of slack and are getting about the same throughput for less. So all these wealthy “jobcreators” aren’t creating anything for anyone.

Obamacare has nothing to do with the economy at this point. Most of it hasn’t even taken effect anyway.

As for Lockheed Martin, Eisenhower spoke about the perils of the military industry complex. Looking at all the money that’s developed for the military on projects that they either don’t need or never come to fruition, part of the problem is military acquisition. That needs to be cleaned up.

I honestly don’t see tax breaks doing anything for jobs. If the breaks are less than the cost of bringing in workers, I don’t expect to see anything. And unless the breaks are permanent, expect to see employees laid off once they end. Companies are only responsible for bringing profit to the shareholders.

The infrastructure improvement that is needed in this country is huge. The problem is that most of the unemployed aren’t willing to take said jobs. As someone else mentioned, people don’t want the jobs available to them.

“Many enterprises find that they can do well by outsourcing labor or by using computers to do jobs done by people in the past. Those issues have to be addressed, and they are not easy.”

If your job can be replaced by a computer, you shouldn’t be employed. It’s weeding out inefficiency and can make the economy stronger. While I’m not a fan of outsourcing, companies have only one goal – profit for shareholders. They owe you nothing.

The problem with selecting goals for our country is that politicians and corporations think short term. Next election, next quarter. That’s all they focus on and that’s why we’re falling behind.

There’s plenty of blame to throw around and most people don’t want any of it. That’s the problem.

Chris

July 22nd, 2011
1:15 pm

1. Allow corporate money invested overseas to be brought back at a 5 or 10% rate. It is estimated there is 2 or 3 trillion dollars just sitting overseas.
2. Finalize a debt deal. With budget cuts to 2008 levels and caps on spending across the board. Can have some closing of tax loopholes a swell
3. Re-write the expiration of the Bush tax cuts to be phased out in slowly. ie; increase taxes 0.5% a year over the next 10 years

Irememberthe80's

July 22nd, 2011
2:26 pm

Outsourced – Reagan built debt yes. But his debt was covered, unlike those that followed him. Reagan had a huge defensive buildup in a strategy to end the Cold War. In doing so this strategy worked and ended the Cold War forever. “…Even with the Reagan defense buildup, which won the Cold War without firing a shot, total federal spending declined from a high of 23.5% of GDP in 1983 to 21.3% in 1988 and 21.2% in 1989. That’s a real reduction in the size of government relative to the economy of 10%” So yes, we had more debt, but our country was richer than ever. People gave Clinton credit for creating a huge surplus of government funds during his presidency, but the massive majority of those funds came from a single source – His huge defense cuts. Those cuts were only possible because the Cold War had ended. Again, thanks to Reagan’s policies. That money could have been used to make a massive dent, and perhaps obliterate, US debt at the time, but instead America created a flurry of entitlement programs and ignored our debt. Had we stayed the course and been responsible, that debt would have been short term. Reagan borrowed up front and the end result was the ability to pay it all off with the Cold War victory as the reward in our pocket, but instead our leaders and government at the time just saw it as free money.

The big secret of it all ...Boomers are not ....

July 22nd, 2011
8:28 pm

Born in 1949, raised in Atlanta, UGA grad, worked seamlessly with primarily ONE firm and retired at 55 yrs of age and spent entire sales marketing career either in SE traveling and selling or in NY City and internationally in sales management with Japanese firm.

My point? My generation had the work ethic and we wanted to own homes and we understood that it takes years to see equity build up in investments, like a home. We saved our money and we sent our kids to college. We worked long hours and took care of our families. Basics that are over looked now by younger folks. Many do not know their biological father.

Today most of the youth ages 23-28 are not remotely interested in a career. They are more concerned about who was on Dance With the Stars. They have one, tow or three years of college in some dumb course of study …………. not Economics or Finance or Accounting or Engineering and many come back hom to live on the cheap. My kids are educated and have fabulous careers because they are educated, are hard working and have language skills. They can speak clearly, they dress well and they also HAVE FUN !!!

The jobs of tomorrow will be filled by Indians, Asians, with engineering, writing and language skills. American youth? The big % will be on welfare.

Obama has created huge DISINCENTIVES for businesses to hire and train folks. THAT FACT and the fact that baby boomers are NO LONGER spending our money is why it may never come back. The boomers were HUGE IN NUMBER and we spent some large$$$ but now, we don’t and that is why it is in deep T as an econonmy.

Another way to guage Barry's HC program is to view ...

July 22nd, 2011
8:38 pm

Piedmont Hospital, Grady Hospital and Lockheed and another large national firm that i have for the moment forgotten, are all laying off about 8-10% of their entire staff. WHY??

They see higher Obama taxes, they see the huge burden of Obama Care and they see the general lack of growth in HIS SAD ECONOMY and so with all of this uncertainty, they are laying off the same sad people that voted for Barry in the first place.

This econmy will not go back to where Bush had it at 5.2% unemployment or retail gasoline on his last day in office at $1.69 per gallon ………………Barry has a gal gas ( due to his Environmental hog wash and moritoriums ) at $3.69 and rising.

No, this economy is directly the result of obama’s massive spending and failures in Shovel Ready jobs. What IT engineer had a shovel hoisting job??? That shows how stupid the guy really is.
Young people today deserve him. Work hard youts!!! YOU VOTED FOR HIM !!!
FLIP THOSE BURGERS.