| Kasz216 said: You wanna here the scary part? In November... RETAIL jobs went down. They fired a bunch of people right before the buisest shopping season of the year. Additionally, most of the jobs to counter the jobs lost? Temporary positions.
As for having trouble finding a Job. I've been working nothing but temp work since I moved to Las Vegas. As for the tax cuts... you should consider the article more closely. They mention how when they were forced to let people go they realized how some of them weren't really needed. The same likely would be the case if the tax cuts expire. You need to give buisnesses incentives to work here. |
Great move by Obama extending Bush tax cuts that will inject more cash stimulus into the US economy. $750 billion will be injected into the US economy from the extension of the Bush tax cuts. Keynesian economic measure to help kick start the economy. Bernanke is doing his job with Quantitative Easing 2 to help inject more money into the US economy to devalue the US currency to make US exports cheaper on the world market.
Keep the shops open and get more consumers spending. The US economy relies heavily upon a strong retail sector and good economic spending.
Increase in unemployment rate could also mean that more people have entered the labour market and an increase in the number of people looking for work.
Europeans have accepted bailouts and are now implementing austerity measures: reduction in public spending and increasing taxes.
