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Politics : PRESIDENT GEORGE W. BUSH
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To: pompsander who wrote (752640)10/27/2006 3:07:30 PM
From: DuckTapeSunroof   of 769670
 
Don't forget a few other quick points:

L.E.I. has been pointing to recession or slowdown for over nime months now.

Yield curve has been inverted since summer (also augering the same....)

Averaging over Bush's ENTIRE term in office (thus far...), 6 years or so... there has been no NET addition of jobs nationally. (I.e., a somewhat sub-par rate of job additions has been nearly exactly counter-balanced by job losses.)

To focus in on that above fact, and draw a more serious potentially worrisome point: of ALL the employment sectors measured by the B.L.S.... net job additions over that same recent 6 year period of time has ONLY come from TWO SECTORS of the economy: government jobs, and the real estate sector (real estate agents, now more numerous then lawyers... contractors, builders, etc.)

Job additions to the government sector of the economy have (fortunately) now slowed... and job losses in the previously high-flying real estate sector are just ramping up, but the red tide is expected to rise there for a LONG time yet to come.

So... where will 'jobs' come from?

Manufacturing? ('Ya gotta be kidding! Not with these trade deficits in manufacturers....)

Services? High Tech? (Nope outsourcing of jobs there has *already* turned those sectors negative for job production... and that is accelerating.)

Healthcare may be the only growth sector... but it's problematic whether that one sector alone can carry the economy on it's back. (And, I'd argue *particularly* not with the rate of increase in medical costs running consistently in double digits.)
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