There has been zero net job creation since December 1999.

[kpete]

<>

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.

more:
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR2010010101196.html?hpid=topnews
via:

[leftstreet]

1. 'the Bubble Decade'

an apt term

K&R

[liberal N proud]

2. The bu$h years

[applegrove]

3. It used to be job numbers were the be all and end all of economic news

on the TV. Now it is corporations and how they are doing (and how their stocks & bonds are doing). It is no longer about the middle class anymore. The rich have so much control in the USA that they warp all things to suit their needs. Kinda like the baby boomers who have warped each decade of their lives to suit their needs (ie. the me decade). Matter of fact the baby boomers probably are the ones who are voting repuke right now.Voting for tax cuts as they are in the highest earning period of their lives and own lots of stocks.

[madrchsod]

5. not really...and don`t make this a generational feud

[applegrove]

6. I just think that the baby boomers have warped the world to their numbers.

And now that they don't need jobs (because they have a job or are retiring) all of a sudden jobs aren't so important. I remember the attention jobs used to get on the news in the early 1980s. Nothing like that anymore.

[madrchsod]

12. i retired at 62 because i could`t find a job....

there`s more and more old people like me that have to work either full or part time. millions of us lost our pensions and the 401 k`s are a joke. there`s other problems but i won`t bore you with the facts. someday you`ll be old and i hope you do`t have to face the same bullshit my generation is facing.

[applegrove]

16. Sorry to hear that Madrchsod.

[704wipes]

10. maybe your momma does

nt

[madrchsod]

4. "...the jobs are going boys and they ain`t com`n back...."

http://www.youtube.com/watch?v=77gKSp8WoRg

there ain`t nothing left of the america i once knew


we were sent home to wonder why our lives will never be the same.

the buildings we used to go to are now rusting or turning to dust.

the machines we once worked are sold or turned into scrap.

the things we used to make we buy from south of the border or across the sea

ya,that`s my hometown....

[HopeHoops]

7. So, Dubya, what did YOU do in 8 years?

"I readed a bookular. It were a goodly one. Somethin' 'bout a goat or somethin'. Thar were this terrier thing on nime eleben whens I readed it, but it ain't that 'portent."

[gratuitous]

8. Oh yeah? You libruls!

Who was the President on January 1, 2000? A dummycrat! And who was President on January 1, 2010? Another dummycrat! Arrest my case!

The preceding message was brought to you by the enduring spirit of Bob Boudelang, Angry American Patriot, who sometimes gets access to gratuitous' account when the poor guy has had a wee drop too much.

[90-percent]

9. Bob

In lieu of the actual Bob, I'll gladly accept his spirit as a substitute.

Thank you.

-90% Jimmy

[aquart]

11. Bush's economic model didn't include such nonsense as "jobs."

I don't know if Obama's does. Hope so.

[moondust]

13. Only a matter of time

before massive offshoring pushed the job numbers over the edge. The global tech revolution of the 90s may have postponed the inevitable.

:-(

[Greyhound]

14. Consider how high that number from the 90's would have been had Clinton & Co.

not sold us out for their own short-term gain.
:kick: & R

[unhappycamper]

15. In all honesty, 15 years of occupations (Iraq & Afghanistan) have sucked all the

money out of our system.

Iraq isn't called the Three Trillion dollar war for nothing.

I have no idea how much we've spent in the nine years of the Afghanistan occupation but I'm sure it's around the $700 ~ $900 billion range with much more to come.