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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (128572)	12/7/2012 9:00:31 PM
From: RetiredNow	Respond to of 149317

Do you know why, RW? It's because the mix of jobs is changing. Most of the jobs created in the last 4 years under Obama have been of the low paying variety. Look at the numbers. I've been looking at them carefully. So I know your post was intended to malign these companies for being profitable while wages are shrinking, as if somehow these companies are to be blamed for being profitable. But you should look at the underlying trends to get a better understanding of what's going on. For one thing the Labor Participation Rate is plunging because Baby Boomers are retiring in massive numbers, 10,000 every day. So that's your first answer. The second reason is that companies are rational entities seeking a profit. They know that the policies of this administration, which is printing money and borrowing money to create a temporary sugar high, are not sustainable. So they are not investing in new employees for future growth, because there will be tepid future growth, since the gov't is borrowing massive amounts from the future to pull forward demand. So before you start blaming companies, why don't you get a better understanding of how free markets work and how destructive this administration's policies are. If you want more jobs, then Congress needs to stop the deficit spending and Bernanke needs to normalize Fed policy.