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Economy
See other Economy Articles

Title: A Lost Decade for Jobs
Source: Bloomberg Businessweek
URL Source: http://www.businessweek.com/the_thr ... s/2009/06/a_lost_decade_f.html
Published: Jun 23, 2009
Author: Michael Mandel
Post Date: 2010-10-26 11:56:38 by lucysmom
Keywords: jobs, economy, Bush
Views: 4421
Comments: 7

Between May 1999 and May 2009, employment in the private sector sector only rose by 1.1%, by far the lowest 10-year increase in the post-depression period.

It’s impossible to overstate how bad this is. Basically speaking, the private sector job machine has almost completely stalled over the past ten years.

...

Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.

Click for Full Text!

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#1. To: All (#0)

Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.

Worth repeating.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-10-26   12:00:53 ET  Reply   Trace   Private Reply  


#2. To: lucysmom (#0)

And between 2001 and January of 2007?

(laughing)

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-10-26   12:08:20 ET  Reply   Trace   Private Reply  


#3. To: Badeye (#2)

(laughing)

And you're laughing because:

a. the idea of expanding government tickles your funny bone

b. you figure laughing masks an intellectual void

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-10-26   12:21:18 ET  Reply   Trace   Private Reply  


#4. To: lucysmom (#3)

I"m laughing because only an idiot doesn't understand why these particular paramenters were selected by the author, and how only the truly stupid could find it of enough interest to post.

Have a nice day.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-10-26   12:22:40 ET  Reply   Trace   Private Reply  


#5. To: lucysmom (#3)

And you're laughing because:

a. the idea of expanding government tickles your funny bone

b. you figure laughing masks an intellectual void

c. he's a mental case

Skip Intro  posted on  2010-10-26   13:55:16 ET  Reply   Trace   Private Reply  


#6. To: Badeye (#2)

And between 2001 and January of 2007?

(laughing)

Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.

Capitalist Eric  posted on  2010-10-26   14:13:13 ET  (1 image) Reply   Trace   Private Reply  


#7. To: Capitalist Eric (#6)

Exactly. The economy and employment IMPLODED beginning with Pelosi's becoming Speaker.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-10-27   10:10:40 ET  Reply   Trace   Private Reply  


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