Poor jobs data stuns Wall Street, politicians

Discussion in 'The Back Room' started by BuckeyeT, Jul 8, 2011.

  1. BuckeyeT

    BuckeyeT Well-Known Member

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    We have an election coming up....campaign and fund-raising is in full-swing taking up much of the time and energy of the majority of our country's political leadership full in the face of one of the greatest fiscal crises in the history of our country.......our left leaning friends are constantly trying to deflect the spotlight from the core question of the campaign by continually blaming everything on the prior administration - we get that, they have precious little else to speak of......

    The core question we all have to answer is this: How do you rate this President's performance in addressing the challenges we face as a country and why? Do you believe the actions of this administration have helped or hurt the ability of this nation and it's citizens to compete in this increasingly global society? Does this president and the philosophy that he espouses represent our best option to getting our country back on track? Has the effectiveness of THIS president's policies, actions and leadership earned him four more years in the job or rather is there somebody else better suited for the task at hand?
     
  2. mrsjoco

    mrsjoco Active Member

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    :? Wow... what world do you live in.... the people hired by the Banks in India. are not$3.00 w/ as you say no benefits. at least not the ones trained her by us.. maybe they dont make the 25 or 30 a hr we did but they make more than the cost of living they live in apts not shacks. I think you watch to much tv. its time to come into the real world...Most of those employed have college degrees and make nice livings for themselves and their families. but the governments in India and the Phillipines welcome buisness centers and not tax them to death.I understood why my company did what they did I am just not happy about it. they answer to their shareholders and they want to see profits
     
  3. BuckeyeT

    BuckeyeT Well-Known Member

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    Interesting factoids from the recent Clinton Global Initiative conference (CGI)....
    As has been shown, extended unemployment benefits does have a down side....hmmmmmmm

    We also have engineering and scientific jobs where the demand exceeds the available supply in the US....we have to import qualified workers in these area. China and India are now graduating engineers at a rate 10X that of the US and we all know the direction in which the world is heading......

    So I'm guessing we should extend unemployment and expand eligibility for welfare benefits? Mr President, solutions?
     
  4. BuckeyeT

    BuckeyeT Well-Known Member

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    mrsjoco, you've hit the nail on the head......business investment, will go to where it is treated best.

    About India, they are churning out engineering graduates at a rate that is 5x the US - annually - as estimated by our own National Academies of Science and Engineering. The notion of India as ONLY a sea of poor, dirty masses seeking salvation in the Ganges is popular but misses a much larger point with respect to international competitiveness....a vast amount of intellectual capital is resident, being cultivated and growing at a rate greater than our own......take note.
     
  5. George Krebs

    George Krebs Well-Known Member

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    I'm running an ad right now to fill a entry full time position and I am getting a very slow response. I thought my computer would overload with resumes... so far, in one week, four responses.
     
  6. BuckeyeT

    BuckeyeT Well-Known Member

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    Krebsie, clearly your offer is not incentive enough to get people off the government dole.....$3.00 per hour isn't gonna cut it....you need to step up!
     
  7. JO'Co

    JO'Co Well-Known Member

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