A cascade of "end times" thinking in the US... M
-----Original Message----- From: David Farber [mailto:[email protected]] Sent: Wednesday, November 24, 2010 10:39 AM To: ip Subject: [IP] Hiding From Reality Begin forwarded message: From: Dewayne Hendricks <[email protected]> Date: November 21, 2010 1:22:05 AM EST To: Multiple recipients of Dewayne-Net <[email protected]> Subject: [Dewayne-Net] Hiding From Reality Reply-To: [email protected] November 19, 2010 Hiding From Reality By BOB HERBERT <http://www.nytimes.com/2010/11/20/opinion/20herbert.html> However you want to define the American dream, there is not much of it that's left anymore. Wherever you choose to look - at the economy and jobs, the public schools, the budget deficits, the nonstop warfare overseas - you'll see a country in sad shape. Standards of living are declining, and American parents increasingly believe that their children will inherit a very bad deal. We're in denial about the extent of the rot in the system, and the effort that would be required to turn things around. It will likely take many years, perhaps a decade or more, to get employment back to a level at which one could fairly say the economy is thriving. Consider this startling information from the Pew Hispanic Center: in the year following the official end of the Great Recession in June 2009, foreign-born workers in the U.S. gained 656,000 jobs while native-born workers lost 1.2 million. But even as the hiring of immigrants picked up during that period, those same workers "experienced a sharp decline in earnings." What this shows is not that we should discriminate against foreign-born workers, but that the U.S. needs to develop a full-employment economy that provides jobs for all who want to work at pay that enables the workers and their families to enjoy a decent standard of living. In other words, a resurrection of the American dream. Right now, nothing close to that is happening. The human suffering in the years required to recover from the recession will continue to be immense. And that suffering will only be made worse if the nation embarks on a misguided crash program of deficit reduction that in the short term will undermine any recovery, and in the long term will make true deficit reduction that much harder to achieve. [snip] Dewayne-Net RSS Feed: <http://www.warpspeed.com/wordpress> ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/125975-1ee5912c Modify Your Subscription: https://www.listbox.com/member/?member_id=125975&id_secret=125975-23791a65 Unsubscribe Now: https://www.listbox.com/unsubscribe/?member_id=125975&id_secret=125975-8f271 c78&post_id=20101124133849:14DD342E-F7FA-11DF-B092-BD7EF559ED1D Powered by Listbox: http://www.listbox.com !DSPAM:2676,4ced5ca2308681370743638! _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
