To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Here's how much ACA premiums would have risen this year without tax subsidies:
- As storms inundated Washington state, federal grants for flood mitigation work sat on hold
- Trump to make announcement with Hegseth on shipbuilding from Mar-a-Lago
- What are the real Truths of Life?
- Deputy AG says removing photos from Epstein files has 'nothing to do' with Trump(Sure thing) (ha ha)
- gold has surged 70% since the Start of the Year
- Judge orders plan to return ex-CECOT detainees to U.S. or give them hearings 3H ago
- Remembering the treasured films of Rob Reiner
- My enlightenment path actually become thousands of times more powerful and useful to me and everyone else when:
- How the global food system is impacting obesity and climate change: Study
Thursday, August 4, 2011
3% minimum GDP Growth per year needed not to bleed more jobs
Economists have always said that a country needs to have a 3% growth rate every year in order to just keep the jobs it has. Anything less than that just bleeds more jobs away. With growth rates of 1.4% and .4% in the last 2 quarters it is inevitable that more jobs are lost in the U.S. until we get up to 3% and are at the very least able to maintain the jobs we have. With 45 million people in the U.S. on Food Stamps which is a record it is looking more likely every day that we are entering a double dip recession. Most of the Ammo the government and the Fed has used to prevent something like this have already been used to stabilize our country. So, probably prayer would be the best thing to use now worldwide. Even though the debt Ceiling issue has been temporarily dealt with, it will be back to haunt us all the way through Thanksgiving and Christmas and into the next Presidential elections. So hopefully there will be some way to get back to 3% growth. This is really getting hard to watch worldwide.
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