Bryan330i said:
How so? Were is investment gain, where is the job gain? Please explain further.
These numbers are the lowest since WWII. No need for conservative web sites, and this is not a test, but please explain the connection of how this is working in simple economic terms and why you think the supply-side policy has not boosted the markets or jobs.
I don't profess to know a lot about the economy, jobs, and politics, etc, I should probably stick to my techno-geek stuff. But I do want to comment about jobs and observations.
I read the want ads in the local paper almost every Sunday. I am not looking for a job, rather, I find it an interesting source of economic indicators. Who is hiring, what kind of jobs, etc. REAL STUFF in my community, not some Talking Head's report on jobs on the Evening News from Washington.
In this area the local paper covers a potential distribution of maybe 300,000 residents. In the past year the Help Wanted section has grown by about 4 pages, some small block ads, but mostly the typical 25 word help wanted ad.
Week after week, month after month, many of the ads are running. One particular ad, for a HUGE Acme (owned by Albertsons) warehouse has been running for over a year. This ad offers full benefits after 90 days probation, $11 an hour to start, $17 an hour within 18 months, or something along those lines. These jobs are going unfilled. They even posted in the business section this week that they have
35 OPENINGS. It's obviously not a glamour job, but HUNDREDS of these types of jobs are available in our little corner of the world.
With jobs available and unfilled, what part of the unemployment rate is really the UNEMPLOYABLE rate?
My company does process control systems automation exclusively in the manufacturing sector. The phone is ringing off the hook! We are getting requests for process system upgrades, new installations, proposals, etc. Something that 2 years ago WASN'T happening. I just got a PO from a steel mill that has been in trouble for several years, huge layoffs, now they getting new orders, and are climbing back in the saddle and making plans for system upgrades.
I was at a General Electric automation software users group meeting the past two days. The VP of the software division posted a slide he said was from their market research department. They are predicting manufacturing sector growth in 2005, and are making plans to go after new business.
So I see proof of positive movement in the job and manufacturing sector. The small amount of economics I understand? Manufacturing growth is an early indicator of economic and job growth.
Finally, remember that it takes several years for economic changes to "turn a big ship". As Gizzy said, presidents inherit efforts of the previous administration. Bush inherited Clinton's. Are the results of Bush's tax cuts, etc. just starting to really show up now?