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] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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