Thursday, November 22, 2012

The Economy

I remember back in the 1990's--the boom years--everyone, Democrats and Republicans alike, were rapping about how free trade was so great. America wouldn't be manufacturing, but that was all right, because we were going to be leaders in information technology, doing high-level innovating with our super-creative brains, because we were so much more awesome than all those foreigners. Turns out that those imaginary new jobs got exported, downsized, rightsized and outsourced, and when one opens the newspaper nowadays, there just aren't any jobs to be had except in the medical field caring for the comfortably retired with their Medicare and pension plans. That will last for a decade or two and then guess what, no more pension plans and who knows what will happen to Medicare.

I do wish the Republicans would try for once to do something about job creation instead of giving more welfare to the rich, who already receive the lion's share of welfare benefits.
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by igor 04:20 4 replies by igor 09:32 0 comments

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