ECONOMIC AND JOB GROWTH IS SLOW BUT STEADY


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A man of courage is also full of faith.
Marcus Tullius Cicero (106 BC to 43 BC) http://en.wikipedia.org/wiki/Cicero

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Growth in the market is slow but it is occurring.

Steel & metal workers in Illinois and Missouri felt the positive shift.

Producers of medications and medical equipment in the health care industry also witnessed a rise in demand.

Previously overall manufacturing was on the rise (April)

Retail sales was doing well (April-current)

The fashion industry in New York experienced an increase (May-June)

The housing market improved as mortgage rates dropped (May-June)

Tourism received a boost (April)

Since February 2010, a higher number of people, for the first time, voluntarily left their jobs than were asked to leave through layoffs or termination.  In addition and more recently, for the first time in a long time fewer people have been laid off in Januray of 2011 and the number of jobs created exceeded the number of lost jobs across the nation. 

Part of the struggle and challenge is that each time we take a step forward we seem to be facing a new disaster. When we say we, we mean the whole world. 

Greece was unable to repay their tab on social programs, overspending and more in April 2010. Greece just didn’t have the cash. Greece is part of the Euro Currency Union so that a default without repercussions is not feasible. Experts denote that Ireland, Italy, Portugal & Spain are in a similar position. Experts claim it is just a matter of time before these other European countries follow suit behind Greece. 

We have been faced with the oil spill which continues to draw on our resources and while taking jobs away it is also adding jobs. We must remain focused on the creation of jobs at all times while remaining aware of the loss of jobs. Our energy and resources should be invested in the creation of jobs or in finding jobs for people.

The recent flooding in Tennessee and more recently in Arkansas has not helped businesses in those areas.

GOOD NEWS:

As the number of people who quit their jobs out numbers the employees who were terminated, experts state with confidence that this shows that employees  are being given options, job offers, and income. It shows there is cash in the market to generate and regenerate small to mid-size businesses, households, financial institutions, educational institutions, government sectors, insurance companies, factories, manufacturers,  and more. 

Interest rates are expected to remain low and continue to be aggressively worked on to maintain such attractive levels.

We are not facing issues with inflation because influential businesses and their leaders realize the damage that would follow in such a fragile economy.

Even with the fall-outs of earthquakes, oil spills, war, floods, etc. we must keep in mind that we still managed to stay afloat. Again we call to action progressive and proactive behavior toward solutions and avoid investments of time and efforts in dwelling on the challenges and obstacles. Great men and women must overcome great obstacles & great nations are the only nations that can conquer great challenges. These events have not stopped us. Events of the past of our ancestors have not beaten us either.

Stocks jumped upward as of Friday,  6-2010. Ben Bernanke (Chairman of the Federal Reserve) estimates continual growth being slow but steady and we are not expected to fall back into a recession.

Courage is the key for the entire world. Embracing courage at a time when you are not feeling very courageous is the only time courage is put to the test. 

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Asian~Pacific Economy: http://www.apec.org/

Africa, Germany, Afghanistan, Russia, Paraguay: http://www.imf.org/external/index.htm

European Stocks:  http://www.lasvegassun.com/news/2010/jun/15/stocks-climb-early-on-hopes-of-economic-growth/

Federal Reserve: http://www.lasvegassun.com/news/2010/jun/15/stocks-climb-early-on-hopes-of-economic-growth/

Tourism, Labor, Housing Market: http://www.metrodenver.org/metro-denver-economy/monthly-summary

Market Rebounds – NY Times: http://www.nytimes.com/2010/06/11/business/11markets.html

Gross Domestic Product: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Fox News: http://www.foxnews.com/politics/2009/11/23/economic-panel-predicts-positive-growth-high-unemployment/

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EASY FIX TO UNEMPLOYMENT AND THE ECONOMY?


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Red Selkirk Rex Kitten

 

ONCE AGAIN WE STRESS THAT ALL COMMENTS REMAIN ON SUBJECT AS WE HAVE SEEN A WHIRL WIND OF COMMENTS GOING OFF THE BEATEN PATH IN EARLIER BLOG ARTICLES AND FOR THIS REASON WE HAVE DEVELOPED THIS BLOG SO PEOPLE CAN EXPRESS THEMSELVES OPENLY AND RESPECTFULLY UNDER THIS BLOG.

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We have listened to dozens of financial analysts and economists speak on the subject of our economy for hundreds of years. Recently we have paid a lot more attention to what they have to say because the U.S.A. is suffering the economic blows along with the rest of the world. Many of these analysts are well educated, they have their PhD’s and are experienced. 

WHY CAN’T THEY AGREE ON WHAT TO DO?    WHY CAN’T THEY AGREE ON HOW TO DO IT?    WHY CAN’T THEY AGREE ON WHAT TO DO FIRST?

We understand why the general members of society can’t come to an agreement on how to proceed with the repairs of our dilemma, but then again we are cast into the fires of ignorance through limited information and limited access to national and global statistics and variables which would assist us greatly in forming our views. We can’t understand how so many experts in the field of economics and finance have such drastically different views about the state of our economy.

WOULD ANY METHODOLOGY OR PLAN HAVE FAILED OR BEEN SLOW TO SHOW RESULTS?

We will never know because we only have one model to work from and that is the model formed and implemented by the current administration. We do know that based on news coverage of every analyst proposing something different that it seems likely that no one repair and maintenance plan would have produced drastically different results than what we see today. However, we stress there is no way to really know this because we are not in a laboratory which affords us test subjects with multiple variables and outcomes. 

It still comes back to America’s expectation of demanding that a person or group of people perform their job duties adequately and sufficiently because the application and acceptance of the job is voluntary. When we fail to see results, we are entitled to gripe and complain. 

HERE ARE SOME OF THE ARGUMENTS & DISCUSSIONS WE HEARD FROM FAMILY, FRIENDS, ASSOCIATES, ETC.

No economic plan would have yielded different results than what we are seeing today. There isn’t a president out there would could have fixed this problem without taxing us more. Even when we aren’t in this predicament, presidents tend to increase taxes in some sector some where.

The fix is easy, money should have been pumped into small business from the start and not the big companies that President Bush loaned money to. It is proven that small businesses generate more jobs and hire more people than large business.

If President Bush did not loan eighty five billion dollars to the big guys, the entire economy would have collapsed in ways we can’t imagine because these large companies have their hands in everything from law to insurance to banking to manufacturing and so on. President Obama was forced to follow suit for the same reasons. 

There is no possible way you can prepare for the job of President of the United States. It is an on-the-job training job that is full of hundreds of thousands of surprises than what you anticipated so that anything you initially planned to do becomes moot. To the public it seems like you have lied, but in reality you have been exposed to unforeseen data and information which forces a change in plans. 

Since we now know that President Bush borrowed $2.5 trillion dollars from China, what great or not-so-great man, woman or administration can manage that type of debt in an already sunken economy? Its like taking over a company or firm and their books show a profit of ten million dollars in a good year but they have fallen to five million a year. Your plan is to get them back up to ten million a year and more, but they conveniently neglect to inform you that they borrowed one hundred million dollars from a bank and have not begun paying it back yet. The company you THOUGHT you  bought, you don’t even own and can’t begin to own until you pay back the one hundred million dollars. Your employees are looking at you in amazement that you haven’t magically made everything right over night.

There are no excuses for failure. Get it right and if you can’t get it right, then leave office and let someone else have a shot at it and if they can’t get it right, they too should leave until we find someone who knows what they are doing. This would eventually force the type of thinking we want in the White House as opposed to what has been in the White House for the last thirty or forty years. After five or six presidents step down for failure to produce via their performance evaluation with a one or two year period, you would see a quick change from special interest groups being stroked to men and women shifting their emphasis to making independent decisions uninfluenced by lobbyists, special interests, and campaign funders.  The same would have to hold true for House of Reps, Senators & Supreme Court Justices where we have access to their attendance, voting records and spending records( expense accounts). We should have put this into practice decades ago. The problem is we can’t even agree on who we think has done right by us and who hasn’t. The person next in line would be their opponent who had the largest number of votes next to them (despite the party) and if that second person failed, then the person with the third highest votes would take the second person’s place and so on. This would also bring a halt to bipartisan head games because a senator who refuses everything suggested by a president of the opposing party would also face expulsion for failure to produce results and the public would be able to see those childish antics because their records would be exposed. It would force Republicans and Democrats and all others to work together for fear of their opponent taking their spot. 

The blame is on the person and the administration hired to do the job and no other explanation or support is needed for that statement. The simplest form of clean up is a maid who is hired to clean up after a party. She did not throw the party. She did not attend the party. She did not create the mess and she may not have known how bad it was until she got there. No matter what, she won’t get paid if she fails to “clean house”. She has to figure out a way to clean up this awful mess left by others. Certainly the economy and unemployment is a lot more complicated but the expectation is the same. This is not a volunteer job. One does receive a salary, an expense account, and a life long eye catching resume which will launch a former president and vice president into just about any area they desire. You can head up a church, build homes for the poor, serve on boards, or enter the live speaker circuit. Either way you are set for life even if you were an unpopular politician so American citizens have every right to demand favorable results because presidents represent ALL of us, not just the people with the big bucks, power & influence. Most of us will never reach the earning power a president has. people laugh at the president’s salary, but you know what most people don’t earn that much. In addition you can probably triple or quadruple the salary based on the perks, wardrobe, grooming, presidential fleet of cars, planes, hotels stays and expense accounts. 

The list of different view points is endless and we believe each one has a great deal of rational and logical thought behind it. What do you think? Join our discussion.

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