The Jobless Recovery

[nedlogg]

Someone please tell me what good a jobless recovery is?

I'm watching CNBC and Maria B is interviewing some dude from Wells Fargo. He's saying the economy is in the midst of a jobless recovery. Big deal!

He also suggested that we could see some job growth in 2004. How convenient for Bush and Co.

And they tell us there's no vast right wing conspiracy. My ass!

[demnan]

1. A Jobless Recovery

is when the Stock Market is rising but the unemployment is high. Therefore the rich have the best of both worlds: their investments are doing well and they have cheap labor for the businesses because the working class is suffering.

[Japhy_Ryder]

2. Heard that before

The media (and Bush) have been telling us since about June 2001 that job growth is on the horizon, just give it about 6 months, and golly everything will start looking better.

I'd put the job growth, maybe, in 2006 or 07, assuming of course that Bush is out in '05 and someone handles the economy responsibly.

A jobless recovery is just that. The rich are just fine, while the rest of us take crap jobs. Note that they'll talk about unemployment, but when was the last time you heard the media talking about the horrid underemployment in this economy.

[JPace]

3. A Jobless recovery is like a foodless meal.......

meaningless to those without jobs.

I have learned here that the stock
market does not equal the economy,
and there are plenty here that say
the economy is in trouble and not
really recovering.

I think that AWOLs regime has run
out of time fooling people about
his tax cuts. People have been
promised jobs for two years now
and more promises are not going
to pacify ordinary citizens anymore.