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Originally Posted by strandinthewind
This recovery has been widely touted as a jobless one. While enough jobs have not been created ,and that is an understatement, it is an economic theory quandry for most. In other words, where are the jobs that usually follow such numbers? In the past, and certainly in the Clinton and even the Reagan years - corp. spending = creation of jobs, which is not exactly the case here. Perhaps it is a mix of farming out jobs overseas and part time labor.
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so the reality is that this "boom" is really only being felt by big business or investor types? That would explain Exxon's huge profits and Im sure they arent alone.....anyway, this is what gripes me about "economic recovery" it really isnt a true recovery only a boom for the corporatocracy. Yech.