Posted by Larry Doyle on August 9th, 2013 8:17 AM |
Put aside everything else that streams across the daily news wire, there is no doubt that the prevailing issue that causes the most concern for people in our nation is how they are putting bread on the table.
Yes, we can dispense with all the noise that spews forth from far too many sources, the issue that is most prominent to our economic well being remains JOBS, JOBS, JOBS. So where are the jobs and why aren’t they being created to any meaningfully degree a full five years after the outset of our economic crisis? (more…)
Posted by Larry Doyle on December 3rd, 2012 8:19 AM |
Why is it that America suffers from a very real lack of leadership?
Many reasons, starting with the fact that we do not have many real leaders in the truest sense of the word. The lack of leadership goes beyond that, though. Regrettably, far too many of those charged with leading our nation are too concerned with appearances rather than standing on principle and doing the right thing. These people are not leaders. They are politicians and they get bought and sold everyday.
I shook my head this weekend when I read how our soon to depart “leader” of the SEC is concerned about her legacy in relation to pending implementation of the JOBS Act. Folks, you cannot make this stuff up. (I recommend a second barf bag before reading any further.) (more…)
Posted by Larry Doyle on April 5th, 2010 8:29 AM |
Where is the jobs growth? If we listen to many in Washington or the general media, Friday’s employment report (indicating +162k in non-farm payroll) was a turning point in our labor markets. Was it really? Let’s listen to former Labor Secretary Robert Reich and get his take.
Although I have a decidedly different point of view than Reich on many economic and political topics, I do believe that Reich speaks from his heart and presents what he believes to be the truth as opposed to sugarcoating data to further promote a political agenda. (more…)
Posted by Larry Doyle on March 16th, 2010 11:43 AM |
Is the White House reading Sense on Cents?
While I ask that question in a self-effacing fashion, I will allow others to pass muster as to whether my commentary deserves attention in Washington. Why do I ask that question now though? I wrote this morning, “What Happened to Focus on Jobs?”:
The ‘talking points’ utilized by those in Washington project that our economy and markets are experiencing cyclical unemployment. I firmly believe they are wrong. Our economy and markets are experiencing structural unemployment.
Now it appears as if the White House ‘talking points’ have changed. (more…)
Posted by Larry Doyle on March 16th, 2010 9:38 AM |
If America and Americans are not at work, then how can we truly expect any other initiatives and undertakings to gain a foothold? There is nothing that generates more personal and collective confidence than a job. In fact, I would go even further and state that a job not only generates personal confidence for individuals, but ultimately a job very often defines a person’s self-worth.
Then why is it that the topic of jobs is not the OVERWHELMING focus in Washington eight days a week? While President Obama elevated the focus on job growth in his State of the Union speech, the topic seems to receive front page coverage only on the first Friday of the month when unemployment statistics are released. (more…)
Posted by Larry Doyle on November 16th, 2009 2:20 PM |
Jobless recovery seems to be a phrase economists and analysts are using with increasing frequency. In my opinion, this usage is akin to a drug dealer or liar repeating his rationalizations to the point where he believes his own bulls%&t.
Are we to believe this economic subterfuge? I believe the American public buys into this rationalization at our peril. Why? Let’s navigate along the most important leg of our economic landscape.
Our unemployment rate currently stands at 10.2% while the underemployment rate is 17.5%. On the heels of the unemployment report released on November 6th (see my summary here), many analysts and economists revised their projections for unemployment to 11% and some as high as 14%.
Just today, Fed Chair Ben Bernanke in a speech at the Economic Club of New York highlighted the fact that the current excess supply of labor in our economy is even worse than indicated. Ponder that for a second. The lead banker in our nation is telling us that our unemployment situation is even worse than statistics would indicate. What does that mean? (more…)