STOCK MARKET WATCH -- Tuesday, 4 September 2012

[jtuck004]

10. $2.6 Trillion for 2 Million Jobs. $1.3 million. That's what I call minimum wage.

Here.

Anyone find these economic stimulus packages put out by the government and the Federal Reserve ridiculous at this point? The reality is a direct jobs program would be much cheaper and much more effective to get the economy moving. Yet, magically that idea has been dismissed and worse since 2008
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Hello! The problem is labor, yet U.S. citizens hires are considered a by product of economic activity, instead of the top focal point, the most important element of economic activity. In other words, what is an economy good for if the top priority isn't to provide work and income for the people who live in that economy? Really, let's get down to basics here.

Honestly, you can read through these various economic models, if you have the time and the advanced mathematics in some cases and nowhere is labor a primary variable. Uh huh. Stocks are, equities are, even GDP is, but people? Hell no, especially the American people, ya know, the citizens who make up this country. We are an after thought an effect, a consequence in most of these macro economic models. Nice huh?
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This is the fundamental problem, the blind spot. U.S. labor is the economy. The economy is not Wall Street, hedge funds, the financial sector and even politicians. The economy is for the people and when you don't share the wealth, put U.S. labor first and foremost, not only in consideration, but also labor's effect in macroeconomic models, this is the kind of crap we get. Round about astronomical spending which might help hire some people as an afterthought. Come on Economists, here's the variable you are missing, it's called L for labor. We're not an expense, we are the economic creation engine.
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Labor is the economy. So the investment with the best return has to be in people. Leaving them unemployed for years is no different than letting your factory age and fall into disrepair, but the costs are likely to be far greater.