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Obama Boom: The McJobs Economy

by Phantom Ace ( 5 Comments › )
Filed under Economy, Headlines at April 20th, 2011 - 3:10 pm

The greatest economic recovery since the Sargon’s empire continues to lift all boats. People are finding jobs once again and are celebrating as never before. Companies that are the cornerstore of our economy like McDonalds, Burger King, Walmart and Target are once again hiring. America’s Middle class is undergoing an economic renassaince not seen since the 1980’s! The increasing oil prices are proof of the strenght of this historic rebound! Things are better and thankfully McJobs are saving this economy!

When a fast-food “National Hiring Day” resembles the Depression’s unruly food lines, it doesn’t back up President Obama’s rosy picture of economic recovery. Want some fries with that “hope and change”?

If it were a Republican president in office at a time when high unemployment is so persistent that McDonald’s holds a nationwide help-wanted day, the establishment media would be sinking their teeth into him like a Quarter Pounder with Cheese.

The legendary hamburger chain has promised to expand its company workforce by 7% by hiring 50,000 new employees in a single day, thus scoring a publicity boon by having Ronald McDonald personally give the jobs market a shot in the arm.

This is just sad. Our economy no longer produces good paying jobs thanks to outsourcing and our archaic tax/regulatory structure. If we don’t change, we will be a has been power.

Tags: Jobs, McDonalds, McJobs
Posted in Economy, Headlines | 5 Comments »

Despite graduating millions, there are few Indians qualified to be hired

by Mojambo ( 90 Comments › )
Filed under Economy, India at April 5th, 2011 - 3:00 pm

My company has an India bureau and the people I have to deal with are very, very nice -unfortunately I have to constantly ask them to repeat themselves because of their heavy accents. I think the bureaucratization tends to stifle creativity and suppress achievement.

by Geeta Anand

BANGALORE, India—Call-center company 24/7 Customer Pvt. Ltd. is desperate to find new recruits who can answer questions by phone and email. It wants to hire 3,000 people this year. Yet in this country of 1.2 billion people, that is beginning to look like an impossible goal.

So few of the high school and college graduates who come through the door can communicate effectively in English, and so many lack a grasp of educational basics such as reading comprehension, that the company can hire just three out of every 100 applicants.

India projects an image of a nation churning out hundreds of thousands of students every year who are well educated, a looming threat to the better-paid middle-class workers of the West. Their abilities in math have been cited by President Barack Obama as a reason why the U.S. is facing competitive challenges.

Yet 24/7 Customer’s experience tells a very different story. Its increasing difficulty finding competent employees in India has forced the company to expand its search to the Philippines and Nicaragua. Most of its 8,000 employees are now based outside of India.

In the nation that made offshoring a household word, 24/7 finds itself so short of talent that it is having to offshore.

“With India’s population size, it should be so much easier to find employees,” says S. Nagarajan, founder of the company. “Instead, we’re scouring every nook and cranny.”

[…]

“If you pay peanuts, you get monkeys,” says Vijay Thadani, chief executive of New Delhi-based NIIT Ltd. India, a recruitment firm that also runs job-training programs for college graduates lacking the skills to land good jobs.

Muddying the picture is that on the surface, India appears to have met the demand for more educated workers with a quantum leap in graduates. Engineering colleges in India now have seats for 1.5 million students, nearly four times the 390,000 available in 2000, according to the National Association of Software and Services Companies, a trade group.

But 75% of technical graduates and more than 85% of general graduates are unemployable by India’s high-growth global industries, including information technology and call centers, according to results from assessment tests administered by the group.

[….]

Read the rest: India graduates millions, but too few are fit to hire

Tags: Jobs, Outsorcing
Posted in Economy, India | 90 Comments »

20 years to recover job losses

by Phantom Ace ( 62 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Misery Index, Progressives, Socialism at October 11th, 2010 - 8:30 am

A new report shows that at the current rate of job creation the economy will not recover the losses from the recession until 2020. The much heralded Obama boom is clearly a fairy tale invented by the media to prevent a collapse in the ratings of the President. It’s unacceptable that the nation which pioneered economic mobility will now have a 3rd world style stagnant economy. This will lead to a deterioration of American living standards and the death of the American dream.

The U.S. economy lost 95,000 jobs in September, far worse than expectations for no change in employment. More Census-related temp jobs ended, as expected, but state and local governments slashed staff far more than predicted.

So far in 2010, the U.S. has added just 613,000 jobs — for a monthly average of 68,111.

Employment bottomed in December 2009 at 129.588 million — two years after peaking at 137.951 million. At this year’s pace, the U.S. won’t recoup all those 8.36 million lost jobs* until March 2020 — 147 months after the December 2007 high.

Read the rest: U.S. Won’t Recover Lost Jobs Until March 2020 At Current Pace

Progressive government based policies have made the situation worse. The debt incurred by the Obama regime has put a shackle around the ankles of the economy. Every dollar borrowed by the government is money removed from the economy. American can and should do better, since we were at the forefront of market based economics. Now we are rapidly turning into a 3rd world nation.

Tags: Jobs, Obama Economic Boom
Posted in Barack Obama, Democratic Party, Economy, Misery Index, Progressives, Socialism | 62 Comments »

NY Times proclaims Economic Boom

by Phantom Ace ( 155 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Liberal Fascism, Media, Progressives at April 9th, 2010 - 4:15 pm

This is just another example of how the Totalitarian Progressives twist and distort the news for their convenience. When George W. Bush was president and the economy recovered in 2003/2004, the NY times and other Totalitarian Progressive propaganda outlets kept saying the economy was bad. They emphasized low wages and blamed Bush for it instead of globalization which was the real culprit. They kept comparing Bush’s to Clinton’s economy when that was a dishonest argument. In the 90’s globalization hadn’t taken full effect, and by the 2000’s it did. Bush’s mistake was emphasizing tax cuts and not major tax reform to make American competitive and incentivize creating jobs with good wages here. This was not his fault as no economic expert on the right or left knew the extent of America’s economic disadvantage. Now that Barack Hussein Obama is President they are proclaiming an economic boom!

The American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating.

That is what usually happens after particularly sharp recessions, so it is surprising that many commentators, whether economists or politicians, seem to doubt that such a thing could possibly be happening.

Usually you can depend on the White House to view the economy with the most rose-tinted glasses available. But it was not until last week, after a strong employment report, that President Obama started to sound a little optimistic.

Read the rest: Why So Glum? Numbers Point to a Recovery

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Tags: Globalization, Jobs, Oil Prices, Progressive Propaganda
Posted in Barack Obama, Democratic Party, Economy, Liberal Fascism, Media, Progressives | 155 Comments »