2000-2009 - NO NET JOB GROWTH - Thank you fascist Corporate Lobbyist Party

[JohnWxy]

"

For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different.

The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation's growth.

It was, according to a wide range of data, a lost decade for American workers. The decade began in a moment of triumphalism -- there was a current of thought among economists in 1999 that recessions were a thing of the past. By the end, there were two, bookends to a debt-driven expansion that was neither robust nor sustainable.

There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.
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Worst job growth since, .........you guessed it, the LAST GREAT DEPRESSION.

So much for lightening the tax burden on the top few percent, at the expense of everyone else. You can't have a strong growing economy when people don't have money to spend to support growing sales, profits and job creation/growth. The Fascist Corporate Lobbist Party will NEVER understand this. Corporations are not good sources for Public Policy ideas.

[AndyA]

1. NOTE TO DEMOCRATS RUNNING FOR OFFICE IN 2010 AND 2012:

This is what you need to be telling America every chance you get.

If jobs are the big problem now, be sure to explain to Americans WHY jobs are so scarce.

Eight years of GOP tax breaks, no regulation, offshoring, wars, and spending have brought us to this point. It's not the Democrats' fault: IT'S THE GOP's.

Say it. Repeat it. Often. Repeat until message gets through.

[CurtEastPoint]

2. Amen, bro... amen. n/t

[JohnWxy]

3. I Googled /job growth decade/ .. along with abc news, nbc, cbs separately and didn't get a hit.

You would think ONE of them might have reported this. M$M all the disinformation you don't need.


I went to the ABC news site. Looked on the Evening news page. THey had a report about the decade of 2000-2009. I searched "job". Only place jobs were mentioned was on an advertisement for part-time jobs. NOthing in the ABC news report about jobs growth in the decade.

[AndyA]

9. Do they have a feedback link?

Write to them and tell them their report is very incomplete since it's missing this information, then provide a link to them where they can verify the information.

Tell them how shocked you are that they do such a poor job reporting the news.

(Sometimes, it works.) ;)

[barb162]

12. I can find all kinds of stories by ABC and other MSM on this subject

for example:
Layoff Nation: Job Losses Keep Coming
483,000 Jobs Lost Per Month Since September; 2008 Recession Hit Hard
By BETSY STARK and SCOTT MAYEROWITZ
Jan. 9, 2009
31 comments
http://abcnews.go.com/Business/Economy/story?id=6614665&page=1


Google job loss, layoffs, etc. and MSM has TONS of stories.

[JohnWxy]

19. I didn't see your cmt till just now. I meant on Broadcast M$M. A lot of M$M are now putting items

on their web-sites they won't put on the air. But I'd love to find out that one of them actually broadcast this news on the air. The reason I posted my remarks re M$M is to enlist anybody's help in finding out if it this was broadcast on network news or a network news-magazine show.

[pansypoo53219]

5. LOW TAXES GOT REAGAN DEMOCRATS NOTHING.

but lower taxes. hope you don't mind e coli.

[stevebreeze]

13. not so much on the lwoer taxes

By the time he left office the vast majority of people paid higher taxes. Much of this due to Reagan and Greenspan's changes to SS doubling the SS tax and raising the cap so that only a very few every year reach it...the wealthy of course were little affect since their incomes are more above the cap then below it.

[clarence swinney]

15. Reagan Tax Cuts

Never overlook Reagan Tax Increases

His 750B Income Tax Cut was big loser
It increased Income Tax Revenues by 140 Billion.

His Payroll Tax Increase increased Payroll Revenues by 201 Billion.
His 5 cent gas increased increased Excise Tax Revenues by 50 Billion.

Stephen Moore then of Cato tried a deception.

He wrote Reagan Tax Cut increased revenue by 391 Billion from 1983 to 1989

391B was a correct number.

Stephen lied. He knew that 391 was made of 201 from Payroll Tax Increase-50B from Excise Tax Increase and only 140B from income tax revenue increase

140 does not cover 750. Stephen knew it. He LIED.

When you intend to deceive you lie.

[danwk7]

16. WRONG

The most prosperous nations on earth are the ones with free market economies, where the government keeps its hands off of peoples business. The less regulation, the wealthier the nation. Its regulations and taxes put into place by progressives and dems that caused the housing bubble and so many other problems for small business. Dems always say they hate these huge "fascist" corporations, while at the same time going to bed with unions like SEIU that certainly do NOT have Americas best interests at hand. Government spending needs to stop, from the GOP and the democrats, and the government needs to get the hell out of the private sector. The private sector creates wealth, let it do its thing.

[Robb]

17. You have a summer home in Somalia, then? nt

[zbdent]

22. and, pray tell, which nation has this "free market", where

there is no government/universal health care, where there is no tariffs on imported goods (China's doing pretty well financing us these days, and they put massive tariffs on stuff we might sell to them, and yet Wal-Mart seems to have no problem buying their stuff ...)

[Ikonoklast]

24. You don't even understand what 'wealth' is.

And the 'wealthiest' nations on this planet have the most highly-regulated economies.

Idjit.

[golfguru]

26. We don't need to be prosperous

We want equality for all even if it means there is less prosperity.
But at least there is justice in the sense no one is allowed to get
rich through exploiting the poor.

[JohnWxy]

4. Jan 8 Dept of Labor issued report showing virtually no job growth for 2000-2009

http://www.huffingtonpost.com/lawrence-mishel/jobs-aughts-for-naught_b_416562.html


When it comes to jobs, it turns out the aughts were for naught. Too bad we can't just party like it's 1999.

This morning the Labor Department issued its final monthly jobs report for the decade just ended. In December 2009, the economy shed 85,000 jobs and the unemployment rate held at 10.0 percent, but only because 661,000 people left the labor force.

So this report makes it official: The last decade was indeed a lost decade for job creation. We're beginning 2010 with just about 131 million jobs, only 129,000 more than at the beginning of the decade. This is despite the fact that the U.S. population has grown by roughly 25 million people since 2000.
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All the M$M reported aabout the jobs losses of Cec 2009 but didn't mention from the same report the data showing virtually no job growth for the entire decade 2000-2009!!

NOT of interest, I guess!

[pansypoo53219]

6. i forgot

anything about WAGE growth?

[truedelphi]

8. Surely you joke?

They are paying people to work now?

I am at a point where i might work for free. So I cannot believe we would have wage growth fore the average job holder's wages in any meaningful way.

On a side note: the growth in California's largest cash crop was so overwhelming prices are in the basement!

[HCE SuiGeneris]

7. You are missing this picture alongside the chart

[JohnWxy]

20. ROFL!!!!! REALLY.. I'm going to Bookmark your cmt! THANK YOU!!

[fasttense]

10. According to the BLS the American workforce grew

but the number of jobs did NOT.

In Jan 2000 there were 142.267 million people in the workforce.

Today there are 153.059 million people in the workforce.

The difference is 10.792 million. These are the people without jobs and their numbers grow everyday even if the government doesn't count them.

Something else interesting is going on in the BLS numbers. Starting in May 2009, in 5 of that last 7 months, the workforce numbers dropped. Where did these people go??? That's 1.897 million people missing. You have to go to August of 2007 to see workforce numbers this low. Where did almost 2 million people disappear to???

[westerebus]

11. New administration = New math.

Seasonally adjusted for your voting pleasure. I'd put a sarcasm thingy up here, but the irony of the ineptitude at deception just over whelms that logic. ;-)

[clarence swinney]

14. Democrats create Jobs

Net New Jobs Per Year
Rounded numbers
Wall Street Journal 1-19-09

Clinton-2,900,000
Carter---2,600,000
Johnson-2,300,000
Reagan--2,000,000
Nixon----1,700,000
Kennedy-1,200,000
Truman-- 1,100,000
Ford------- 745,000
Bush I----- 625,000
Eisenhower 438,000
Bush II---- 375,000

Democrat---10,100,000
Republican-- 5,883,000

Per Day In Office
Democrat---10,125 Days
Republican-13,149 Days

Jobs per day
Democrats-997
Republicans-447

twice as many but have you heard any Democrat use this info?

What is wrong with them?

[Robb]

18. Very nice. nt

[JohnWxy]

21. great cmnt. You're right. Dems do not plead their (our) case well, at all!

[JohnWxy]

23. addendum: I can't believe it! I didn't paste the link to the WaPo article, here it is:

"enjoy".......

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR2010010101196.html

....

There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.

Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 -- and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade of falling median incomes since figures were first compiled in the 1960s.

And the net worth of American households -- the value of their houses, retirement funds and other assets minus debts -- has also declined when adjusted for inflation, compared with sharp gains in every previous decade since data were initially collected in the 1950s.

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[clarence swinney]

25. CHINAGATE

In Bush 8 Wall Street sent 2,300,000 of our jobs to just CHINA

Today top 20% mostly Wall Streeters own 93% of Total Financial Wealth.

Po Po PO Middle Class

Slippery slope dowmward