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Originally Posted by Mojo_PeiPei
The economy, minus the deficit is one of the strongest that we've ever had. He's now recovered ALL of the jobs lost from the recession and his first term, productivity and efficency are at all time highs, as well as growth. All he has to do, like the rest of government is start living within his means, the only thing really holding us back in the debt.
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Yes Mojo, and all those jobs have been replaced my low income part time jobs or retail positions that carry little to no benifits. Most corporations will not provide health insurance to an employee until they have been employed 24 months as apart timer. At current minimum wage, an employee cannot live off a part time job at 20hrs a week long enough to recieve that.
401k's and company investment help are not availible to part timers either. The Fed has already pointed out that most jobs "replaced" have been replacing medium income full time with low income part time. The numbers look good becuase the reports don't divided between full and part time, or quantify wage cuts by those who do gain a new full time job.
We have a world for those laid off and coming out of college where Healh insurance is not even an option based on cost,
not owning a car is not an option when most of the jobs availible exist at shopping centers as part time employment, college debt from education costs has not kept pace with inflation, and the inability to save is directly influenced by the inablilty to find a job that will pay more than living expenses monthly. If that's the current situation for the next generation, and the current generation is living on credit and the garuantee that we'll pay back their debts, we have bad mojo coming (get it?)
Fiscal responsability is a shared one. Both the population and government have to practice it. I see neither the current middle aged generation (read:baby boomers) nor their elected officeials doing so. I see an economy that is lacking in jobs with reasonable chance for advancement , the ever present fear of those that still cling to the lower edge of middle class of being let go of to save on healthcare and salary costs, and the market for those with no job experiance that is nothing but part time employment with no benifits.
That is not a healthy outlook on the economy for the long term.