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Reply #38: Don't Forget The Type of Jobs Created ! [View All]

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stewert Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-15-03 01:58 PM
Response to Reply #35
38. Don't Forget The Type of Jobs Created !
Edited on Sat Nov-15-03 02:01 PM by stewert
I heard a guy named Foster Friess say 40% of those 116,000 jobs
created in October were low paying service sector jobs. He was on
that wall street show on PBS (Louis Rukeyser) friday night. Add that to
the fact that we lost 29,000 manufacturing jobs in october. And it was
the 28th month in a row we have lost manufactoring jobs.

Mr Friess said the 7.2% GDP number was bull, he said the dow is
over-valued, he said he sees another bubble and a crash, and he
said the media is spinning it for Bush.

He said we are trading high paying manufacturing jobs with health
care benefits, for low paying service sector jobs with no health care.

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