Monday, January 31, 2011

Recession And Joblessness Explained.

I'm sure you've heard that the recession we're in, is officially over. Now stop that laughing and be serious. The recession is over and that's final. If you don't believe me, then believe the Dow. It's right back where it was before the Recession started. There's even one hedge fund manager who made $5 billion last year. He's the king of hedge fund managers. What more proof do you need, anyway? I'll bet you're gonna say that there are still millions of people out of work, right? Well, can hedge fund managers, wall streeters and bankers help that? Of course not. That's not their job. Nobody expects the people who handle the nation's money to create jobs. No, their job is to create wealth. It's not their job to distribute that wealth either. Just create it. If those poor folks and unemployed don't participate in acquiring that wealth, it's not the wealth makers problem. There it is, come and get it. If you don't grab some, that's you're fault. Well then, just who's job is it to create jobs? Problem is, nobody's figured out exactly who's responsible for doing it. If it's not the government's job, and the political right is adamant that it's not government's job, and it's not the wealth makers job, then just who is supposed to do it? Some say it's industry's job. But industry doesn't seem interested in doing what's necessary to create jobs either. They'd rather sit on their billions $$$ instead of building new factories. Can't blame them for not wanting to increase capacity when they can't sell the capacity they already have. Maybe it's the consumer. Consumers need to create the jobs by spending the money they've been trying to save for a rainy day. If they would spend that money, then industry would start new factories, if they can get bankers to lend them the money to build. But the bankers don't want to lend the money to them because there's not enough profit in that. They can make more money on foreclosing on homes. So we're back to where we started. The rich get richer and we can eat cake.

No comments:

Post a Comment