http://www.zennie62.com -- Rush Limbaugh's idiological rants are out of touch with an economic reality that will keep The Democrats in power for at least the next 10 years. The reason is the economy itself and the need for government investment.
Between 1960 and 1999 the U.S. Economy added 20 million new jobs every 10 years, but from 1999 to today, only about 4.7 million new jobs. What happened to the 15 million jobs? They went overseas to countries like India, France, and north to Canada. And with jobs goes wealth. It's a key reason America's now the 3 largest exporter whereas we were number one for years, until 2004. We're now behind Germany and China.
All of that wealth lost has resulted in wrecked credit over time. We have to have jobs to afford our mortgages and our population did not stop growing through this period. But what happened was that we started to lose jobs from the remaining stock of them. Remember, we have millions of people that aren't even being counted in our economy -- they don't exist for employment purposes. The "Joe The Plumbers" of today are the steel workers of yesterday. With a thriving growing manufaturing industry, we were able to employ Americans and jobs were plentiful. Not today.
With this weak World Credit system we need government spending to replace the private investment spending that's gone. Indeed, with fewer businesses there's less private investment spending -- goverment must catalyze the growth of business.
All of this calls for an activist government and that's something -- that need -- will keep The Democrats in power for years to come.
Alex Castro, is currently Vice President Of Product Management At Electronic Arts, and a fairly-well-known and legendary tech executive, regularly quoted in a number of industry publications. But Alex Castro’s also an Oakland resident who has the terrible habit of going online, making traceble email accounts from his Electronic Arts office, and posing as someone […] from WordPress http://ift.tt/1fVkWP9 via IFTTT
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