Hi All,
The Washington Post ran a terrible editorial today justifying the jobless recovery. The article and my letter to the editor are found below.
http://www.washingtonpost.com/wp-dyn/articles/A50822-2004Jan26.html?nav=hptoc_eoThe Jobless Recovery
Tuesday, January 27, 2004; Page A16
AS THEY AWAIT the results of the New Hampshire primary, Democrats should take a lesson from the nation's central bankers. Out on the campaign trail, the candidates (with the honorable exception of Sen. Joseph I. Lieberman of Connecticut) have been blaming the "jobless recovery" on President Bush, the trade system and the new phenomenon of "offshoring" service jobs to India. In rather less arresting tones, meanwhile, the Federal Reserve has been trying to explain why this blame is exaggerated. As Chairman Alan Greenspan said yesterday, the United States has lost jobs to foreigners before, yet it has always created others. The Fed committee that sets interest rates meets today and tomorrow, and will demonstrate one of the reasons why the new protectionism is misguided.
Snip ......
My letter to the editor.
WP Editors,
The WP editorial from the Tuesday, January 27, 2004 edition titled The jobless Recovery is one of the most insensitive and callous missives printed.
To suggest that a jobless recovery is good mystifies me. To further suggest that the Bush Administration is not culpable is mind boggling.
I have been unemployed for 43 months. I have sent 1,430 resumes out the door. My resume is posted on 105 job boards. I have over networked all known acquaintances. Regrettably, I have not had a serious employment inquiry in two years. Past colleagues are having similar experiences.
Some would claim that one must not have enough education or experience. I must assume that a Masters in Business Administration and a Bachelors in Electrical Engineering are irrelevant today. An experienced Naval Officer just does not rate any consideration. Honorably discharged veterans are of no consequence. And, experienced commercial pilots are too trivial to mention.
Sadly, the Washington Post editors are truly out of touch with the economy. If a dose of reality is needed, come spend a week with me. After experiencing the umpteenth pot of beans, the Spartan accommodations, the threadbare clothes, the ever diminishing savings account, and repeated job rejections, one just might come to the conclusion that a jobless recovery is not good or justifiable.
Sincerely,
MHR