Reply #27: Well Finfann, since you decided to answer for the Original Poster.... [View All]

[A HERETIC I AM]

I'll take up the only salient point you raise;

"These jobs aren't ever coming back."

Perhaps.

But they will be replaced by other jobs. Sooner or later. You seem to insist on selling the ingenuity of the American people and this economy short.

Yes, fine, we aren't the industrial powerhouse we were in the 50's. Having hundreds of major companies with 100,000 plus employees showing up for work each day are a thing of the past. It is almost impossible to graduate from High School, get a Union Card and go to work "down at the mill". But that does not mean that we don't make anything here any more and it does not mean that this country can not be innovative.

It's a cycle until brilliant minds like yours come up with a way for production to precisely match consumption. Until then, people will continue to buy a refrigerator that lasts as long as possible, and a car that is built well, and paint that stays the same color for longer than a decade, and the cheapest airline fare, and telecommunications equipment and services that require a specific number of people to operate based on how many customers there are, etc., etc., etc.

Figure out a way to keep 100,000 people employed when only 80,000 are required to satisfy the workload and at the same time keep the company - A PRIVATE ENTITY that is in the business of turning a profit from going under, and you're sure to win the Nobel Prize for Economics.

There are some significant differences between this downturn and the others that have preceded it. That is a point I will not argue and this administration is in large part to blame for it. It still does not mean the end of the market economy and it does not mean that several million unemployed will be so for the rest of their lives.

I fairly sure I won't be talking to you in twenty years.
For any number of reasons.
But you have my very best wishes for your future.