I think almost all economists, both the academic as well as the armchair
variety, don't understand what's happening because they don't
revert to first principles in understanding what's happening.What got Americans off the farm and into cubicles was inexpensive energy and
the ability to do useful things with it. But now we live in a world where it is
deemed politically correct to raise energy prices to "save" the
environment (e.g., "energy prices will necessarily skyrocket"). But
raising energy prices will naturally and necessarily reverse the migration,
emptying the cubicles and sending folks back to the farm. The only hitch in the
process is that a lot of people aren't comfortable going back to the farm,
and a lot of people don't know how to go back to the farm, so Mexicans and
Central Americans have come here to take the farm jobs.As far as
long-term unemployment being the failure of capitalism, that's patently
absurd. Capitalism is freedom. In a free society, goods and services and capital
naturally flow to where they are needed. The problem is government distortions
of the marketplace.
@Thid Barker"Grinning Joe Biden said "Obamacare will allow mothers
to quit their jobs and be stay at home moms.""And here I
thought conservatives thought America would be better off if more children had a
Maverick, We've had Democratic presidents 14 of the last 30
years. So you're saying Presidents Clinton and Obama have perpetuated
Ironically, we're going to have labor shortages soon, and at the same time
we'll have high unemployment. The reason is a 40 percent high school
dropout rate. Get used to it.
What kind of universe do we live in that denies history? My grandfather could
not support his family during the Great Depression brought on by Hoover and
conservative Republican politics. He kept the family from starvation and
homelessness by taking a government job that built roads. He worked his rear
off for his family and for his country.We now have a chorus of
latter day Hooverites whose hue and cry is the laziness of the unemployed.
While there will always be some laziness out there, it is absolutely ridiculous
to say that the long term unemployed don't want to work. I believe they do
and would take it, if only it would be available. However, the LDH's have
refused to consider any kind of government sponsored reaction to a jobs program
as legitimate. The LDH's still insist that my grandfather's work, and
that of may others during the Great Depression was a sham. The LDH's
refuse to see how much good an activist government can do to make peoples'
live a little better. Horrors!, they say to this. Imagine the horrors!
Ken – “We can just retire if that sounds better than
working?”Why not? If people can afford to retire, then let
them retire. What makes “Conservatives” think they can dictate the
course of other people’s lives?Someone who retires makes room
for someone who wants to be employed. What’s wrong with that?Your objections make NO sense.
Shaun. Helping people or making them dependent? Think about how the government
harms people, destroys their work ethic and self reliance skills and has created
a permanent underclass of poverty in America. But it wins elections for
Democrats, doesn't it?
Where are all those shovel ready jobs?
@OwlInsanity: doing the same thing over and over again and expecting
different results.Albert Einstein
Gari boy,Good one. We can just retire if that sounds better than
working? Heaven forbid someone have to work at a job they don't like in
order to pay their bills. Oh the horror!
We do know how to solve it - have a temporary halt on all forms of immigration.
Give it a few years, and many American will be put back to work, as they
won't have cheaper foreign labor to compete with. Then when the US
unemployment hits a certain low point, open up immigration again, but be
pragmatic about it.
Is it possible for them to hit a 'reset' button on their careers?
I.e. go to a community college for two years and learn a craft?
@Thid Baker. You seem to forget that Obama became president during the worst
recession this country has had in 100 years. Do you really expect him to turn it
around on a dime? He isn't a miracle worker and considering that
republicans want him to fail does not help.As far as
"entitlements" go they are working as they are designed to. Helping
people in need during these trying times.
A colleague with a JD and Phd and years of experience in business law has been
unemployed for 3+ years due to a combination of age (65), race (White) and
education. A government report stated that there is a 95% chance that someone in
his position will never find FT employment again. Today he asked me to give him
a reference on a job he applied for but not to mention his two graduate degrees
for his 15 years at HP in the employment law department or the 11 years as an
employment law professor. He is too old to be hired as an attorney with a law
firm, retail wont touch him with a ten foot pole, and hasn't the resources
to start his own law firm.So much for the American dream. His best
hope for retirement is a heart attack or suicide.
Kent. Food stamps recipients have doubled under Obama and unemployment
compensation is nearly limitless. Obamacare is nothing more than income
redistribution. How can you say Democrats don't love entitlements? If you
don't like Fox news, don't watch it! Or is it a threat to you
liberals? To millions of the rest of us its a breath of fresh air!
Socialism has been repeatedly tried in the laboratory of human society and
proven to be a miserable failure. Fixing a mistake by repeating the mistake is
not the answer. The solution to unemployment is to expand the economy through
job creation. Mr. Obama's "jobs, jobs, jobs" campaign promise was
the answer, but has proven to be as empty as "If you like your
It is a horrible situation. Parents with elderly children who have been
gainfully and successfully employed all their working lives, but who are now out
employment, find it hard and discouraging to find work - those in their late
forties and early fifties are finding it extremely hard.
Thid,Simmer down. Good grief. No Democrat, even Pelosi, is
suggesting that everybody quit their job and go on the government dole.
That's a Faux News scare tactic. Democrats just want people to be able to
make a decent living and have affordable health-care. And without Republican
heel-dragging, they might have been able to deliver both in a marginal manner.
In the Reaganomics disaster we live in, nothing close to the American dream is
even possible for most Americans.
The direct result of 3 decades of Reaganomics!Deregulation,
redistribution of wealth, and lower taxes (for the rich)! Don't ya just
love all his trickle down America! Let's vote another repub senate and
president so we can have some more of this!I personally, don't
believe this country can endure another decade of Reaganomics. Can Teddy please
come back and end this new Gilded Age? Time to cut the Waltons, the Kochs, and
the Adeltons down to size!
Hey Thid Barker - You are extremely confused about the "quit their jobs"
quote.What it means is that people don't have to be tied to a
job they hate just to get health care. They can do something else.
They can start their own small business. Or they can retire.They
have choices.You seem to be saying that you think people should not
have the FREEDOM to choose how they run their lives.It's that a
common feeling amongst other "Conservatives?"Do all of you
think people should be kept from working in a career they want?Who
are you to tell other people what to do?
"What can we do about the long-term unemployed?"For a start,
we could pass a jobs bill of the kind proposed by Obama in 2011 and then
immediately shot down by the obstructionist destructionists in Congress who call
Kent DeForest, No misquote. It was all over the news for several days like on
03-21-13 08:06 PM: Pelosi: "ObamaCare Lets You Quit Your Job And Be An
Artist."Grinning Joe Biden said "Obamacare will allow mothers to
quit their jobs and be stay at home moms."Look it up for yourself,
think for yourself and ask yourself who is going to pay for this? Our
Gee, Thid, I like how you take quotes totally out of context. The Pelosi
statement simply refers to people who have wanted to retire but have been unable
to because they couldn't get health insurance except through their
employer. Now they can. End of story. There's nothing there about
entitlements being more lucrative than working, which is simply another
conservative trip to Fantasyland.
The long term unemployed are exactly those the Obama policies have imprisoned in
a dependent state, and have no intention of ever freeing. Their dependency means
votes for democrats. The Obama administration doesn't want
people working in prosperous jobs. They want people in minimum wage jobs.
In any socialist society such as ours, working is sometimes not as profitable as
just getting entitlements. For example, didn't we recently learn from Nancy
Pelosi, "Obamacare means people can quit their jobs"?
"Long-term unemployment is a huge national and personal tragedy. It's
an idleness trap. We don't know how to solve it; but we can at least not
make it worse."This is a very frank admission that capitalism
has failed, utterly failed, labor. A socialist president and congress would put
the long term unemployed to work, doing what they already know how to do if
possible, retraining them if necessary. But government would be the employer of
last resort. And there are plenty of potential projects to soak up the idle
labor, with our rotting transportation infrastructures for just one example.In the meantime this is a tragedy, a permanent one for many.Lastly, we socialists need to make it completely clear, we understand that
people NEED to work. Not being able to work destroys human beings.