Well, one of the fundamental tenets of the new political scene is "reducing the size of government".
With this reduction, there are going to HAVE to be massive job loss in the public sector. If the money is cut and the jobs are cut, then obviously the JOBS ARE CUT! And although the mantra is "smaller government means more money for businesses, which means more jobs" is spouted often, I think we are going to see there is little correlation between those thoughts. So, I don't expect the private sector to instantly create the jobs to replace those public sector jobs lost. Not in anything like the near term. On Fri, Nov 5, 2010 at 1:35 PM, Judah McAuley <[email protected]> wrote: > Now, an excellent next question is: Will the new "natural" > unemployment rate be similar to what it was before or is the economy > we have coming out of this great recession fundamentally different in > some important ways? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:331233 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
