4est_4est_Gump
Run Forrest! RUN!
- Joined
- Sep 19, 2011
- Posts
- 89,007
RE: your MTV ad
If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman
2009 - 11 months
2010 - 12 months
2011 - 12 months
2012 - 5 months
_________________
Total 40 months
100,000 * 40 = 4,000,000
That means then natural population growth created the jobs and we lost $5,000,000,000,000 dollars to future debt obligations. That's $50,284.88 per citizen and while you can afford that, most of the rest of us cannot...
If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman
2009 - 11 months
2010 - 12 months
2011 - 12 months
2012 - 5 months
_________________
Total 40 months
100,000 * 40 = 4,000,000
That means then natural population growth created the jobs and we lost $5,000,000,000,000 dollars to future debt obligations. That's $50,284.88 per citizen and while you can afford that, most of the rest of us cannot...
