U.S. Jobs Lost Not To Be Replaced Until 2020

October 9. 2010

Former President Bill Clinton, President Barack Obama and First Lady Michelle Obama

According to a newly published report, the jobs lost during the current financial depression, will not be replaced until 2020. That's 10-years away. Furthermore, if another financial depression occurs, the aforementioned timetable will be inaccurate. 

 However, it doesn't have to be this way, but the Bush and Obama Administrations, have not done enough to stem the problem over the last two years. Additionally, so much stimulus money has been wasted, adding negative debt to the national deficit, not easily recouped, as so little progress sprang form it.

The government needed to get creative with job creation. The Judiciary Report has been stating this for some time now. The Obama Administration cannot rely on stimulus recipients in the corporate sector, to use the funds in the most prudent and useful manner, to create the maximum number of jobs possible. Some cannot be trusted with such large sums of money, to resist the temptation of squandering it. 

STORY SOURCE

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