Ted, Here's more evidence that the state of the economy is not so good.
Great article ... but what's the solution he's proposing? Funny how thousands of people applying for jobs at Wal-mart is considered "bad news" for employment, yet lots of people tell Wal-mart to go take a hike without considering how many people could be working there and earning a legitimate salary.
Not to disparage Wal Mart, I don't think jobs at Wal Mart are the answer.
Or that globalization is draining resources and talent from American soil, yet at the same time America ought to be submissive to a global U.N. bureaucracy. Or that many of the new jobs are government-related, yet liberals are always for more government, bigger government, and larger bureaucracies for their pet projects.
I think Roberts is saying the same thing that others are saying........while things are not very good, we have been led to believe the contrary.
It's like honking your horn in a traffic jam, thinking that traffic will move faster because you're expressing your discontent.
If you don't do things right......if you don't add the right chemicals at the right time, and the heat conditions are bad, you end up with a bad batch of silicon. If you keep doing the same things wrong, you will keep coming up with the same bad batches.
Its the same with the economy......if the foundation you set is a weak one, then it will not weather problems well. There were several times during the Clinton administration when the economy got into a rough patch, but was able to pull through because its footings were solid. Roberts is saying the same can't be said for the current economy. So I wouldn't put a lot of faith in the recent statistics that suggest otherwise. |
