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	Name:	water_watcher -
	Subject:	Job Losses
	Date:	7/1/2009 3:34:08 PM

My only point is that the job is being created with tax payer dollars or borrowings .... not a real job created by the private sector. There is and will be some stimulus impact to that job ... but because it only lasts as long as the government funding lasts, the job will go away and at some point be absorbed by the private sector.

I am sure the hope is that the economy will be moving in the right direction by then, and that will be easier to accomplish. But at the rate other things are changing ... I am not so sure.

For every view, you can normally find a counter view point, but I hear a lot that we will start seeing GDP growth be flat in 3rd qtr (which is good) and positive in the 4th. It seems everyone believes we will have a VERY soft recovery in 2010 and if we see job growth, it will be minimal. There are projects that by mid 2011 we will be in another downturn if cap and trade passes, adding a value added tax, the increase in personal income taxes, higher energy costs, national health care ... along with the huge deficits creating rising inflation and interest rates.

But time will tell. I hope it doesn't but everything looks like that is right on the mark.