Why is the recovery jobless only in Amreica?

[eridani]

http://washingtonpolicywatch.org/2011/02/04/why-the-jobless-recovery-is-unique-to-america/

You might not know this, but while the Great Recession is still hammering American workers and small businesses, recovery is well under way in other nations. What’s more, the pain of our recession is no longer spread evenly across the economy.

While the effects of the recession have all but disappeared in some industries – most notably in the financial sector, where profits and bonuses are higher than ever before – in construction and manufacturing, there are few jobs for a plethora of qualified workers.

Why have some jobs have been slow to return? And why is this type of “recovery” peculiar to America? A recent New York Times article has this insightful answer:

This jobless recovery…is the third straight recovery since 1991 to begin with months and months of little job growth. Why? One obvious possibility is the balance of power between employers and employees..........

[ixion]

1. The only way you wouldn't know this is if you lived in the Beltway

otherwise, it's painfully obvious everywhere you look.

[fasttense]

2. It's a trickle down recovery that has not trickled down.

Giving billions to billionaires in the form of bailouts to banksters ensured the rich would recover. But it has done nothing for the rest of us, except increase our taxes and decrease our income.

I guess like the Vice President says we just need to hang in there until the uber rich feel like pissing out a minimum wage, no benefits job for us. ;-)

[FreakinDJ]

3. Proof Trickle Down Theory is a BIG LIE

it NEVER worked

[Marblehead]

4. they are not done gutting the economy

there is still some wealth held by the middle class but not for much longer...

[snot]

5. Sorry I'm too late to rec this . . .