....“One of the biggest challenges is that posted job openings are being filled only half as fast as they were filled during all previous recessions after World War II,” Clinton said at the opening plenary session of the two-day Clinton Global Initiative America at the Sheraton-Chicago. “This is a huge challenge for America.”....
...."We continue to struggle with this economy and the low rate of business formation and job creation," Clinton said in his opening remarks at the conference.
"The banks of America now have well over $2 trillion in cash not committed to loans," Clinton said. "There is nowhere near $2 trillion in loan demand out there now, but there's more than is presently being satisfied."
The Clinton Global Initiative conference, being held at a Chicago hotel, marks the first time the former president has held such a gathering focused solely on the U.S....
....it's pretty hard to legitimately disentangle what different factors lead to job creation during the tenure of any head of government, but if we're going to use the rough-and-ready approach of crediting presidents with being good on this metric if there was unusually high job growth during their tenure in office, then one William Jefferson Clinton has unimpeachable street cred. The United States' economy created 23m jobs during the Clinton presidency. Total payroll employment grew 21.1%, far outstripping population growth of 8.9%. (For comparison, under Ronald Reagan, payroll employment grew 17.7%, with 7% population growth; under George W. Bush it grew a miserable 2.3%, well behind population growth of 7.7%.)
Now Mr Clinton has 14 ideas in Newsweek on how to create some jobs. Here's one I think is really worth considering.
Thanks, artappraiser! I was hoping you are ok after not seeing you around since the mega-viral CIA-related post. I was fascinated by what happened with that and asked you a question or two about it at the end of that thread.
Comments
by artappraiser on Thu, 06/30/2011 - 12:33am
Thanks, artappraiser! I was hoping you are ok after not seeing you around since the mega-viral CIA-related post. I was fascinated by what happened with that and asked you a question or two about it at the end of that thread.
by AmericanDreamer on Thu, 06/30/2011 - 10:01am