The above show the unemployment rate for the past 10 years. The rate was acceptable till he and his Liberal friends took office.
With NASA shutting down, there will be 9,000+ jobs lost and most of them in Florida. Those engineers will be looking for works and the only ones hiring right now are China and Russia. We know most of them will not be working at Walmarks.
What? You have no high-tech private sector?
Who cares if they move abroad, unless of course they are of some social benefit to the US? Here's the thing, the argument that they are so useful to the US economy because they pay so much in taxes holds water only if their salaries themselves are not directly or indirectly supported by taxes. After all, if the government is largely responsible for nearly 100% of your salary and then you pay even as much as 50% of it back in taxes, it's still a net loss for the US.
Now, if they can find other productive jobs in the private sector or education and such, then I can see the point. In the private sector though, the government need not worry sinse the private secor is paying their salaries anyway, the government simply benefiting from the tax revenue. And if they go into education, then sure the government is paying their salaries, but is also getting something back by way of investment.
Or, if you absolutely insist they stay in the country, how about you establish a Department of International Trade and Industry (DITI). Each taxpayer would pay 15% of his income directly to it, would get to vote for its board of directors which would determine its research and development objectives, and would collectively own all knowledge accquired by it. One possibility would be that each US resident would be granted access to its official website, whereas non-residents would not (so in principle companies that hire US residents would have indirect access to this knowledge via their workers, thus potentially making US residents more valuable in the labour market). This way you can be sure that only US residents would benefit from this knowledge. Also, since all research nationwide would be conducted under one umbrella, it would ensure efficiency by avoiding redundancy in research and development initiatives (for example, since Ford and Toyota workers residing in the US would all be pitching into the same fund, they could benefit collectively from its research, thus avoiding separate research establishments simply doing the sme research).
And if you want to increase efficiency still further by eliminating the potential for redundant research between the US and other countries, then yo could always arrange for the US, Canada and other countries to share a common such department, or alternatively separate departments, but with each sharing all knowledge, meaning that in principle any resident of any of these countries would have access to all the knwoeldge of all the other participating countries. To ensure it's fair of course, in each country residents would have to pay the same precentage of their income to it.
On the news this evening, the US is being compared to Greece in terms of financial problems ... in fact, it's suggested that the US will surpass Greece as the biggest financial mess. I think this is a problem that was mostly inherited by Obama, but I don't think anyone will remember that when the election roles around.
It may have been inherited by Obama for the most part, but he hasn't done much to change the siuation either. At the very least, he could have aimed to leave the country in no worse shape than he'd inherited it. Had that been the case, I may have been able to forgive him not having improved the situation seeing that he had inherited the recession too to be fair. But at worst he coudl have at least planned on leaving the country the way he'd found it.
