The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (17156)	2/11/2004 11:35:58 AM
From: Tradelite	Read Replies (1) of 306849

Darfot, all job losses are "of economic consequence". Check where unemployment rates stood during the Carter years if you'd like to see some real consequences. After pouring billions into the problem, he managed to create plenty of jobs and windfall paychecks in the form of grants for so-called "job trainers". How many jobless Americans were actually retrained at government expense and put back to work as a result of his "emergency job measures" is questionable. Notice that he didn't get elected to a second term....and the economy moved on to achieve even bigger and better things. Unemployment, particularly structural unemployment, is a problem that tends to be overcome by something other than federal intervention and taxpayer dollars. It wasn't a smart idea to grab billions of dollars in new funding, throw it out to states and localities in a rush to create new job training programs--which of course was a political move to make it appear the government was actually doing something. It takes government staff to monitor these programs, so of course oversight was sorely lacking. You can guess where the money went.

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