Comments for The Non-Mystery of Slow Job Growth at http://www.cepr.net , comment 1 to 7 out of 7 comments http://www.cepr.net Wed, 19 Jun 2013 09:31:25 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14167 And still housing prices are falling. When will Obama be responsible for the current housing collapse - 3 MORE years? What is the real difference between Romney's "let it hit the bottom" approach to the housing industry and Obama's "just ignore it" approach? Are you claiming Obama's approach is working David? - Paul Wed, 18 Jan 2012 08:35:10 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14165 Lots of confusing comments on this topic. But this one, c'mon! [quote]Finally, Obama, in true anti-Keynesian form, tightened mortgage lending standards and eliminated home buyers' tax credits thus causing housing prices to plunge for 5 straight years. [/quote] Uh, he's only been in office for [i][b]3[/b][/i] years. Does Paul really think we're as gullible as he is? What actually caused housing prices to collapse was a failure to honor credit that was awarded based upon super-inflated and irrational expectations of housing prices and the trend of such prices. Bush, Cheney, Greenspan, sycophantic Geithner, Bernanke, these are the criminals, not Obama. - David Wed, 18 Jan 2012 07:54:58 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14155 Another lay person here with a question about the 2.5%/yr average productivity growth, what fraction of this would you attribute to capital investment and robotics? - freebird Wed, 18 Jan 2012 04:12:16 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14154 what about population growth? productivity growth + population growth would require real gdp growth of 3+% to reduce unemployment. Under Bush, unemployment did not fall until 2004 when real GDP grew 3.5%. - joe Wed, 18 Jan 2012 04:02:44 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14150 I'm a small business owner, and the only jobs my company has been able to create in the last four years are commission-based jobs for independent contractors. Commission-based employees are responsible for creating their own demand, and some of them are extremely good at it because they have amassed extensive networks over the years that they know how to tap. The ones who aren't good at it don't last long. This is not the way I want to run my business, and this is not the way my new hires want to work. But neither of us has much choice in the current economic climate. - S. D. Jeffries Wed, 18 Jan 2012 03:47:27 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14136 I'm a layman. Are these all domestic jobs? Has there been a substantial increase in non-profits? Could some be Internet-based? The truly small business owners I know have been trying to create jobs when possible. - Beth in OR Tue, 17 Jan 2012 21:44:32 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-non-mystery-of-slow-job-growth#comment-14134 On the advice of classical economists, Pres. Obama has been constantly advocating that the government "tighten its belt" since April, 2009 - at the nadir of the Great Recession. One of those belt-tightening moves was to freeze government workers' pay and reduce the number of federal employees. Another was to stop helping states balance their budgets which resulted in massive layoffs of state and local workers. Finally, Obama, in true anti-Keynesian form, tightened mortgage lending standards and eliminated home buyers' tax credits thus causing housing prices to plunge for 5 straight years. So there has been no recovery in the housing market which has always led the recoveries out of past recessions. Will Obama next propose we go back on the gold standard? - Paul Tue, 17 Jan 2012 17:38:50 +0100