General Discussion
In reply to the discussion: Matt Damon: ‘Game is rigged’ [View all]amandabeech
(9,893 posts)We have made very little progress in producing decent jobs.
The unemployment rate quoted by the press is almost useless because so many people have dropped out of the labor force.
The most important rate now is the labor participation rate, and very few press outlets discuss it.
However, producing jobs and getting the economy going would probably have angered the top few percent because as far as I can tell, it would have had to include elements of protectionism that would have channeled more profit from the shareholders, who are generally not the folks needing jobs if they're even here in the U.S., to workers here. Those people are not the ones that Obama cares to offend. Even now, the president could focus on jobs, but I'm not counting on it. He and his friends are safe.