return to story
Is the Jobs Panic Justified?
All Reader Comments
page 3 of 6
Strategery
Dec 12, 2008 2:52 AM GMT
A business that makes nothing but money is a poor kind of business. -Henry Ford.
Link to this comment
Strategery
Dec 12, 2008 2:47 AM GMT
Thomas Jefferson once wrote: If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered. Think about that. Sound familiar, especially the inflation and deflation? This is not a business cycle, but an intentional event caused by the elite (just like the great depression). The history books will not tell you that part of the reason for the revolutionary war was because of Englands central bank, nor will they tell you that the Federal Reserve act and the 16th amendment were not properly ratified. The constitution specifically says congress is to coin money and regulate the value of it. Our politicians are only a pawn, and when they disobey the elite, they are assassinated (JFK).
Link to this comment
ray
Dec 12, 2008 2:35 AM GMT
I don't think tax rebates or credits are a good idea. For decades, americans have been consuming more than producing. We are borrowing trillions of money from the world (by wall street's magicians) to buy imported goods. How could this be sustainable? I think part of the reasons that cause this deep recession (or possible depression) is we consume too much while produce and save too little. Investing tax payers money in infrastructure is much better because at least it create some useful things rather than merely promoting comsumption.
Link to this comment
me
Dec 12, 2008 2:30 AM GMT
The economy would be better off for all of us, if companies cut jobs based on actual downturns rather than anticipated ones.
For example, Principal Financial group cut 3.5% of its work force just days ago based on PROJECTED revenue drops in 2009.
As more jobs get cut, revenue projections get further decreased, and more jobs get cut. Its a downward vicious cycle.
If we all stop listening to the "doom and gloom" on the news, everyone would be better off.
Link to this comment
tilly
Dec 12, 2008 1:49 AM GMT
Attention executives: Cutting jobs and waiting for things to get better. A smaller bonus will be your first clue that your career is about to take a turn for the worse. In the years ahead, a degree in engineering will be worth more than a degree in finance, because we are going back into manufacturing. Business is not about increasing shareholder value. It is about making products and services and selling them for a profit. That's a lot harder than doing deals.
Link to this comment
ESS
Dec 12, 2008 12:20 AM GMT
"That said, this job bust won't last forever. There are forces at play that will eventually pull the economy out of its free fall. The key is smart government policy that sets politics aside."
If that's what we'll have to rely on then we're doomed.
Link to this comment
K
Dec 11, 2008 10:52 PM GMT
Part of the economic healing has to be jobs that make sense in the big picture. Mining and construction should not be long-term jobs for most people.
The key point yet to be made is that our education system is the root cause of much of our current economic problems. We have failed--purposely and through apathy--to educate our youth. We have failed to teach them to think; we have kept an elite number of people truly educated out of fear of a limited pie. This is now coming to roost, and by doing the wrong thing, we are all paying the consequences. We need innovators, thinkers, visionaries, and do-ers. We don't need more workers for industries that are not sustainable for the Earth or our long-term economy, or that only require rote action. Out of fear of losing our toilet-scrubbers we have failed to account for the time when someone invents a toilet-scrubbing machine. The human mind is not a robot, it is a master at adaptation. There is a lot more money to be made off of a significant invention than continuing to restrict and hoard further and further the amount of monetary capital. - Kate
Link to this comment
Darrell
Dec 11, 2008 10:29 PM GMT
Obama seriously needs to step up and create a roadmap. One that provides a vision that moves our nation beyond the idea of bailout to 21st century solutions. One way is to move the Big 3 from car producers to deliver SERVICE ORIENTED CAR TRANSPORTATION. This can be done by incorporating existing technology to establish driveless cars (we have pilotless planes today) that could pickup/deliver people so car ownership is not required. Transportation that allows us to pay by the mile as a service. Benefits: high tech jobs investment, American 21st century innovation and global leadership, leveraged transportation, less energy use, less CO2, no traffic accidents, no more worrying about car repairs, car insurance payments used instead to support healthcare, infrastructure revitalization instead of just rework, promotion of energy efficient cars, better use of resources. The benefits are endless. What is needed is Obama to promote this new vision/roadmap, long term government transitional investment and leadership to make this paradigm shift happen.
Link to this comment
cornelia east
Dec 11, 2008 9:39 PM GMT
Karl's comment is anti-semetic and I don't know how it got posted. Aren't these comments monitored before being posted?
Link to this comment
sam
Dec 11, 2008 8:25 PM GMT
Not only must we stop sending jobs out of the country, we need to repatriate the ones already out there. This will be very difficult because demand has strunk dramatically. But it must be done or we will be a 3rd world country. We don't need anything new. We just need to start making stuff we use on a daily basis- everything from shoes to ships.
Link to this comment
return to story
Is the Jobs Panic Justified?
All Reader Comments
page 3 of 6
Strategery Dec 12, 2008 2:52 AM GMT A business that makes nothing but money is a poor kind of business. -Henry Ford.
Link to this comment
Strategery Dec 12, 2008 2:47 AM GMT Thomas Jefferson once wrote: If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered. Think about that. Sound familiar, especially the inflation and deflation? This is not a business cycle, but an intentional event caused by the elite (just like the great depression). The history books will not tell you that part of the reason for the revolutionary war was because of Englands central bank, nor will they tell you that the Federal Reserve act and the 16th amendment were not properly ratified. The constitution specifically says congress is to coin money and regulate the value of it. Our politicians are only a pawn, and when they disobey the elite, they are assassinated (JFK).
Link to this comment
ray Dec 12, 2008 2:35 AM GMT I don't think tax rebates or credits are a good idea. For decades, americans have been consuming more than producing. We are borrowing trillions of money from the world (by wall street's magicians) to buy imported goods. How could this be sustainable? I think part of the reasons that cause this deep recession (or possible depression) is we consume too much while produce and save too little. Investing tax payers money in infrastructure is much better because at least it create some useful things rather than merely promoting comsumption.
Link to this comment
me Dec 12, 2008 2:30 AM GMT The economy would be better off for all of us, if companies cut jobs based on actual downturns rather than anticipated ones. For example, Principal Financial group cut 3.5% of its work force just days ago based on PROJECTED revenue drops in 2009. As more jobs get cut, revenue projections get further decreased, and more jobs get cut. Its a downward vicious cycle. If we all stop listening to the "doom and gloom" on the news, everyone would be better off.
Link to this comment
tilly Dec 12, 2008 1:49 AM GMT Attention executives: Cutting jobs and waiting for things to get better. A smaller bonus will be your first clue that your career is about to take a turn for the worse. In the years ahead, a degree in engineering will be worth more than a degree in finance, because we are going back into manufacturing. Business is not about increasing shareholder value. It is about making products and services and selling them for a profit. That's a lot harder than doing deals.
Link to this comment
ESS Dec 12, 2008 12:20 AM GMT "That said, this job bust won't last forever. There are forces at play that will eventually pull the economy out of its free fall. The key is smart government policy that sets politics aside." If that's what we'll have to rely on then we're doomed.
Link to this comment
K Dec 11, 2008 10:52 PM GMT Part of the economic healing has to be jobs that make sense in the big picture. Mining and construction should not be long-term jobs for most people. The key point yet to be made is that our education system is the root cause of much of our current economic problems. We have failed--purposely and through apathy--to educate our youth. We have failed to teach them to think; we have kept an elite number of people truly educated out of fear of a limited pie. This is now coming to roost, and by doing the wrong thing, we are all paying the consequences. We need innovators, thinkers, visionaries, and do-ers. We don't need more workers for industries that are not sustainable for the Earth or our long-term economy, or that only require rote action. Out of fear of losing our toilet-scrubbers we have failed to account for the time when someone invents a toilet-scrubbing machine. The human mind is not a robot, it is a master at adaptation. There is a lot more money to be made off of a significant invention than continuing to restrict and hoard further and further the amount of monetary capital. - Kate
Link to this comment
Darrell Dec 11, 2008 10:29 PM GMT Obama seriously needs to step up and create a roadmap. One that provides a vision that moves our nation beyond the idea of bailout to 21st century solutions. One way is to move the Big 3 from car producers to deliver SERVICE ORIENTED CAR TRANSPORTATION. This can be done by incorporating existing technology to establish driveless cars (we have pilotless planes today) that could pickup/deliver people so car ownership is not required. Transportation that allows us to pay by the mile as a service. Benefits: high tech jobs investment, American 21st century innovation and global leadership, leveraged transportation, less energy use, less CO2, no traffic accidents, no more worrying about car repairs, car insurance payments used instead to support healthcare, infrastructure revitalization instead of just rework, promotion of energy efficient cars, better use of resources. The benefits are endless. What is needed is Obama to promote this new vision/roadmap, long term government transitional investment and leadership to make this paradigm shift happen.
Link to this comment
cornelia east Dec 11, 2008 9:39 PM GMT Karl's comment is anti-semetic and I don't know how it got posted. Aren't these comments monitored before being posted?
Link to this comment
sam Dec 11, 2008 8:25 PM GMT Not only must we stop sending jobs out of the country, we need to repatriate the ones already out there. This will be very difficult because demand has strunk dramatically. But it must be done or we will be a 3rd world country. We don't need anything new. We just need to start making stuff we use on a daily basis- everything from shoes to ships.
Link to this comment
Post your own comment about this story…