From the AP:
Employers posted fewer jobs in December, the latest evidence that businesses are not ready to step up hiring.
The Labor Department said Tuesday that employers advertised nearly 3.1 million jobs in December, a drop of almost 140,000 from November and the second straight monthly decline. That’s the lowest total since September…
The “recovery” grinds to a halt. In return for printing trillions of dollars and borrowing trillions more, we got economic “growth” in 2010. Growth which, at best, allowed us to tread water…but treading water while debt piled up and the fundamentals of the US economy weakened. Now, what?
Well, we can print up some more money (Bernanke is already doing that, of course); we can borrow some more, too (Obama wants to, but the House GOP won’t let him). This might buy us another 6 to 9 months of “growth”.
Or, we can just admit that our economy is broken, allow the collapse to hit bottom and then start rebuilding an economy which rewards hard work, savings and careful investment. Such an economy would (you guessed it!) involve Americans making, mining and growing far more of their own things; it would, at least initially, have a lower wage level; it would involve more hard work and less pipe dreams about “innovation” and “green jobs” getting us out of the ditch without effort and sacrifice on our part.
What will it be, Americans?
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