I keep asking where the jobs are going to come from to support "Muddle thru"
I can not get an answer from Mauldin (yes I wrote him)
I can not get an answer from anyone on this board including Zeev.
I do not think dividend cuts creates any jobs.
I do not think tax cuts creates any jobs.
I see mammoth loss of jobs to India via outsourcing.
I see loss of manufactoring jobs to China.
I see housing on its last legs and if that goes there will be an ENORMOUS loss of jobs in every trade.
Even if new housing slows only 15% that will be 15% fewer workers needed in every phase of construction. Plumbers, electical, carpentry, etc etc etc.
Are we increasing retail jobs?
Someone please tell me where jobs are going to come from.
Every month, month in and month out there are unemployment claims. The rate is steady, but what workers are added.
In short, I do not accept "muddle thru" unless and until someone can tell me where jobs are joing to come from to stave off the increasing bankruptcies we are seeing and to enable the consumer to keep spending in the face of rising energy costs, medical costs, property insurance, car insurance, home insurance, etc at a time when debt levels are this high.
No one has bothered to answer this question, no matter how many times I ask. If the Bush plan creates new jobs, tell me where or how. At BEST it will reduce the decline of jobs but that is about it. I suppose a war will create war related jobs, but can we keep on spending $ we do not have on foolishness like this war?
No matter where I turn, I see job losses.
I ask again, where are jobs coming from, and if we keep losing jobs at the current rate, why isn't debt an enormous proble?
M
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