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Originally Posted by GusFrerotte
Tell that to us folks in Detroit Smooty,
14% and holding up here in the Big D, and it is almost just as bad in Cleveland. The rust belt is the future of America. The big beef I have with the low unemployment rate, is how many of those jobs are really worth having or in other words a living wage? Most jobs being "created" are still largely service jobs with waitresses, bartenders, store attendants leading the way. The best jobs are being outsourced, shoot even the Feds are outsourcing now. Having a BA or BS and above and being stuck working full time as a waiter/waitress/busboy isn't too cool if you have college loans to pay off. Besides, the perfect economic storm is brewing up for us as a result of disasterous Federal Reserve policies and our ungodly debt. It is not a matter of if, but when when the next great Depression and hyperinflation will take its toll. Bush has spent us into oblvion and now we have to rely on advesaries to keep us afloat by buying up US treasury bonds. Now we have a dumb war, that will cost us probably a trillion $$$$$$ before we get the hell out, if we get out. Don't even get me started on immigration.
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The future of Detroit is in Detroit. The future of America is in Pheonix and Dallas and Atlanta and Washington D.C. People in the old factory areas have been singing this tune for years. Literally. Allentown came out in 1982. Those days are long gone. It's sink or swim on your own now. Nobody owes anybody anything.