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American economy on slow mend as President Obama predicted
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by YankeeJim | January 6, 2012 at 05:54 am
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Optimizing return on national resources
President Obama knew this would be a slow recovery, and so do to most thinking Americans. However, the systemic flaws in the current economic model and American System of economic management remain uncured.
The trouble begins with a failure to define the problem accurately and completely before the American public.
1. There must be a public discussion about the needs and problems associated with the economic model and capitalist system.
2. There will surely be debate that must be resolved politically.
3. There must be action to develop a new model and to manage the change toward that end.
Any near-term improvements are blips along a spectrum of a global timeline of needs.
7 billion people in the world, trending toward 9 billion exacerbate Earth resources and stretch the sustainability of the world population. Nations like China have enacted reproduction policies that are reversing the trend of perpetual increasing population size. India, Africa, and South America remain out of control.
Maintaining an optimal ratio of population to resources and consumption are at the core of new policy and system development.
“Employers add 200,000 jobs, unemployment rate falls to 8.5 percent, lowest in nearly 3 years.
By Associated Press, Updated: Friday, January 6, 8:39 AM
WASHINGTON — A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.
The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009. The rate has dropped for four straight months.
The hiring gains cap a six-month stretch in which the economy generated 100,000 jobs or more in each month. That hasn’t happened since April 2006.
The steady drop is a positive sign for President Barack Obama, who is bound to face voters with the highest unemployment rate of any sitting president since World War II. Unemployment was 7.8 percent when Obama took office in January 2009.
Still, the level may matter less to his re-election chances if the rate continues to fall. History suggests that presidents’ re-election prospects hinge less on the unemployment rate itself than on the rate’s direction during the year or two before Election Day.
For all of 2011, the economy added 1.6 million jobs, better than the 940,000 added in 2010. The unemployment rate averaged 8.9 percent last year, down from 9.6 percent the previous year.”
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YankeeJim
Arlington, Virginia, United States
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Anonymous user
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at 06:35 on January 6th, 2012
It will take 10 years of earnest attention to this topic before solutions are produced to set an improved course.