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A shared 'uneasy feeling' on the economy

If there was any doubt, we begin this decade in a hole. A deep one.

The "Uneasy Feeling" New York Times columnist Bob Herbert writes about today centers around the stunning job loss between 2000 and 2010. He highlights Saturday's story by The Post's Neil Irwin to make his point. "There has been zero net job creation since December 1999," Irwin wrote, which resulted in the past decade being "the worst for the U.S. economy in modern times."

The graphic accompanying Irwin's story, plus this February 2009 chart from the Bureau of Labor Statistics illustrate where we are, relative to where we’ve been, as far as job growth.

"This is a society in deep, deep trouble," writes Herbert. No argument here.

By Jonathan Capehart  | January 5, 2010; 4:58 PM ET
Categories:  Capehart  | Tags:  Jonathan Capehart  
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Comments

Neil Irwin's statement that "There has been zero net job creation since December 1999" is likely very true. Thanks to Bill Clinton (and George Bush Sr.) who got the ball rolling as they both supported NAFTA. Clinton signed it but Bush was working on it when he left office. Tens of thousands of jobs have been "created" in Mexico. I say "created" because they really only relocated from the U.S. to Mexico.

I hunt 3 1/2 hours into Mexico and travel 4 to 5 times across the border every year at the Columbia International bridge about 10 miles from Laredo, TX. As we drive into Mexico it is very normal to pass as many as 8 long trains carrying cargo to the U.S., many of the trains are carrying brand new "American" cars and trucks. Spend a few minutes at the bridge coming back into the U.S. and you will see where our old jobs have gone. Hundreds of 18 wheeleers crossing into Texas at this single bridge with everything from large John Deere tractors to highway light poles. Hundreds crossing at this 1 bridge everyday of the year! This equates to thousands of trucks per DAY along the entire Texas border alone and does not take into account other states international commerce crossings.

Zero net jobs from 1999 to the present?? Between NAFTA and continuous job outsourcing to cheaper labor markets such as that in India, yes, not hard for me to believe at all. Cheaper labor rates are a definite incentive but combined with a government that seems adamant about raising taxes and redistributing wealth, seems like we are in for ever increasing net reduction in the number of jobs here in the U.S. over the next 10 years and beyond.

Posted by: savannah4 | January 5, 2010 5:59 PM | Report abuse

http://www.takeitbackday.org/

"Uneasy?"

WaPo is clueless

Posted by: bruiserND | January 6, 2010 1:35 AM | Report abuse

Obama has made the middle class american dream a reality, again. Thank You Mr President.

Posted by: simonsays1 | January 6, 2010 12:56 PM | Report abuse

"There has been zero net job creation since December 1999,"

It's a jejune analysis.

It ignores that many new jobs have been created off the books for illegals.

Now, I'm not criticizing the illegals; they work really hard and they're trying to live the american dream.

But nobody wants to give people on-the-book jobs when taxes are crushingly high and threaten to double with the new "free health care" tax that will go into effect if the Democrats are dumb enough to pass that bill.

Then Obama wants to raise the price of all energy significantly, further putting the squeeze on people and businesses.

You can put taxes on businesses, but you can't force they to hire, and you can't stop them from firing.

Posted by: Ombudsman1 | January 6, 2010 10:30 PM | Report abuse

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