The Price Of Economic Change – Has America Really Become Socialist?


One of the snide phrases often heard in Republican circles is “how is that hopey, changey thing coming?”

Hopefully (for them) it will remain miserable long enough that folks forget that the Obama Administration inherited most of its problems. Except for health care, there are very few issues existing which have originated under Obama.

The American people haven’t forgotten either. Per a recent Rassmussen Poll (9/22) 66% of Americans say that they are angry at (federal) government policies, and 58% still hold the Bush Administration responsible for the current economic situation.

Significantly 90% of Republicans claim to be angry, but 60% of Americans say that neither major party seems to have any answers. That is a whole lot of Republicans that have doubt in their own party — and Democrats, too!

But perhaps for the average American, the American safety net is either too thin or just non-existent.

Of all the industrialized countries in the world, the U.S. is tied for LAST PLACE with Korea for the amount of tax dollars that go into training, retraining, or providing unemployment benefits: less than 1/2 of 1% of GDP.

If this is Socialism, then we are damned cheap Socialists!

As an employment recruiting guru I was talking up the retraining of Americans earlier today. Some of my more conservative counterparts took the position that if people were out of work then it was because of plain laziness on their part. They need to reach into their pockets and send themselves back to school to stay competent!

Hello? Will the cost of education show up in their paycheck? How do they send themselves back to school and pay the bills? Did they really bring this on themselves?

When the economy changed who was it that benefited from cheap labor, and outsourcing, and tight credit? Is this only the problem of those that got the shaft?

Another of my conservative counterparts, who actually runs a business, put things into a bit more perspective: A) American higher education schools are uber-expensive and are not capable of generating capable educated workers fast enough, and B) there is plenty of competent talent in the world. A free market economy says import qualified talent and skip the time and expense of retraining Americans.

In the chart above you’ll note that the last bit of advice is the path that we are already  on.

So what do you think is the answer?

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