[Info-vax] AXIS2/C, gSOAP
Neil Rieck
n.rieck at sympatico.ca
Tue Aug 10 06:54:52 EDT 2010
>
> The second quarter US GDP growth rate of 2.4% resulted in a 131,000
> job loss. 2.4% is far too little to reduce the underemployment rate
> of 16.5%. The third quarter rate is expected to be even lower which
> will result in the unemployment rate rising above the current 9.5%.
>
> The first quarter 3.7% GDP growth rate was barely enough to start
> putting a dent in umemployment. Unfortunately, the current
> administration has pursued very anti-growth policies, so high
> umemployment will continue for the foreseeable future.
>
> George Cook
What is going on in North America today is reminiscent of what
happened in Europe 250 years ago.
http://en.wikipedia.org/wiki/Merchantilism#Infinite_growth
Merchants and sailors were able to make a lot of money importing goods
into Europe which competed with domestic industries back home (leading
to the creation of "Craft Guilds" and "Trade Unions" as a backlash)
In North America today, most professional people (engineers, doctors,
lawyers) kept their jobs while many blue collar workers lost their
jobs due to the mercantile efforts of companies like Wal-mart (to only
name one of many). You only need one retailer to start something like
this before other companies need to do it too in order to compete. So
how can North America announce any real economic growth which so much
job loss. With free-trade (no import tariffs) these manufacturing jobs
will never return. So what do we tell our kids?
NSR
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