The US still has a serious jobs problem
Obama can't breathe easy as the US economy remains moribund.
We pay up to $500,000 per year per person to house severely disabled Special Education children in boarding schools. We don't spend a cent of the kids most likely to find a cure for cancer one day. We hire extra math teachers so math-weak kids can "catch up" to a still low level. But we spend virtually no money to make sure our able kids have marketable job skills. There's a severe shortage to trained auto repair mechanics and carpenters right now: but our schools can't brag unless more kids go to college: so vo-tech is out. Our colleges graduate huge numbers in majors like psychology and phys. ed even though there are 5-20 grads for every available position available. Meanwhile, math-oriented areas go short of graduates. And our high schools don't hire that extra math teacher to make sure enough kids can handle accounting, chemistry, engineering and similar majors: it doesn't make the superintendents look better, so they screw them.
Some jobs positions which used to be able to be filled by people with job experience are requiring higher education degrees - for example, they want Sales people who have Engineering degrees and degrees in Business management, regardless of many years of experience....and they're paying about HALF of what they used to pay
Repealing all of the laws and regulations doesn't prove that this method will suddenly create millions of jobs.
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Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
VIDEO ON MSN MONEY
[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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