The most recent unemployment data was looked at as an improvement compared to 700 plus thousand jobs lost in one month about eight months ago. It is an improvement in the sense that the unemployment index for the most recent month was only about 200 plus thousand lost jobs. What this tells is there are still many people being driven out of jobs(who knows why) but not as many as it has been. Well, the wise leaders have concluded they don't see this as an improvement.
If we look at things in depth, the fact of the matter is not always associated with the economic decline or growth. It has been evident that employees can sometimes lose their jobs for a totally unrelated reasons. The realities on the ground are witnessing another historic development that is being ignored because of the potential for a negative outcome. The economy of any country has its own limits as to how many of its citizens can successfully participate in a job market. It is becoming a period of decision making. There is unavoidable sector of the population that is not fit for average typical job requirements put forward by companies. So 10, 12, 15, even 20% unemployment figures may have to be acceptable to get the economy going smooth again. The question is, what is to be done with those who, for some reason, are not capable of getting jobs that they think they are fit for. Whatever the government's hopes are to predict the positive growth of the economy, the job data may not necessary reflect the growth. The companies will not sway from their strict internal policies whatever the government says.
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Sunday, September 20, 2009
Wednesday, September 9, 2009
A moving speech
President Barak Obama once again proved he means business by delivering a touching speech countering the health care controversy. This is when I realized a strong stature like today's was necessary for the timely awakening of those who, for some unsubstantiated rumors grew skeptic. While the increasingly critical republicans still haven't inched from their belief that the health care reform plan is against their national pride and value, at least they didn't want to go against the wave of supporters favoring the president as a great speaker. "The president can talk", one commentator said. The issue as I see is not that the health care system doesn't require a serious reform, but the skeptics fear there will be problems related to spending and corruption, not to mention the business and employment sectors that may be affected by it. But something important they forget is whether the way the current health care system is running is sustainable? With all the spending and the budget that is the major source of national deficit, and the insecurity of the financial burden even for those who think they are adequately insured, creating an affordable care for all should bring a win win situation. The president has stated in his historic speech a visionary thought that all his well-wishers have anticipated. The more I hear his vision, the more I am convinced it will work.
Tuesday, September 8, 2009
Parents have concerns....?
Well, today the president of the United States, the most powerful country in the world made a speech to students all over the country. Almost the whole week before the speech, there was a controversial report about parents being concerned their children may watch the speech . The reason behind it is surprising. I started to question myself, if the strange feeling I am having is because I have little knowledge about America and Americans. I have never heard any previous presidents being opposed for their duty bound encounter with the students. Most of the time the event was not even given attention. The last time we heard president Bush went to speak to students was when the media had to explain where he was during the 911 attack. The reason behind the concern is nothing other than protecting children from socialist and communist indoctrination by the president of the United States. I don't get it; am I missing something? Are American children not made aware of what socialism and communism are? Knowing about historic events and sharing the pros and cons of the experiences will enrich the students' ability to analyze ideological facts and myths. There was no profound fact to back all the allegations. By the way, since when is Barak Obama a communist? Which part of his campaigns were socialist or communist oriented? Was he elected by the majority of Americans only to be awarded the title of a communist or socialist? I don't know what happened in the last eight months, but the choice of words by the critics of the bailout, the stimulus plan, the health care reform and the over all effort to cut deficit and save spending sounds way out of context and strange. Is it not why he was elected to begin with? To curb a working plan to save the country from the emerging catastrophic situations? Let me ask every soul that sharpens his or her tongue to throw words that are uncalled for. What would you do if you were the president who took over an ailing economy not only domestic but also globally?
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