Sunday, August 14, 2011

I have lived through this.

Businesses do not create jobs !

The ONLY reason any business hires, is to meet a demand for service or goods they cannot meet with their current number of employees.

The only way to have demand is to have a consumer class that has money to spend.

The only way to have money to spend is to have a job that pays enough, or have unemployme­nt benefits.

The former middle class (now gone) did several things trying to keep up with the wage stagnation of the past 40 years, and which fueled their spending: first, they sent the spouse to work outside the home for a second income (1950-1960­'s), then they borrowed on their credit cards (1970's - 1980's), then they borrowed against their houses.

That is all gone. There is a vast void where a spending middle class used to be. Nobody has any money.

Expecting businesses to create expensive jobs to meet no demand is ludicrous.

The only way to create jobs is to get money in people's hands, to spend.

I just don't see that happening.  The Politicians today are only worried about winning their next election.  They care little about the lifestyle of the average American. I also include Obama in this group.

Waiting for these clowns to make things better is a waste of time. Americans must stop buying products not produced here. We must support the start-up of new American companies owned and operated by Americans. I get tired of seeing people wearing Nike shoes of buying Chinese goods from Wallmart.

I just don't see the uneducated public doing anything to make things better and our politicians have already sold us out.

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