I’m not sure I believe this.
I was in college studying business when Carter was in. They were saying the same things, that we had to get used to double digit unemployment, the new norm, the new Laffer curve etc.
I’ve always looked back on that as socialism setting low expectations of the economy so people wouldn’t be angry and shocked when the bad situation rolled on years without end because of liberal policies and agendas.
Fortunately the people didn’t buy it and voted in Reagan.
The country changed a lot since then.
Back during Carter Americans were hostages to muslims in Iran.
Today Americans are hostage to a muslim in America.
The fools in NY voted for a muslim 7 years after 9-11.
Your comment has NOTHING to do with the fact that MEN AREN’T BEING HIRED. Don’t think this isn’t by design either. There isn’t a single textbook out there that’ll tell you WHY that’s happening. You’ll need wisdom and common sense to figure that out and they can’t teach you that in school.
Yes, but during the Reagan Era, there were still many jobs for men who lacked higher or even high school educations. The housing industry was growing steadily and dominated by American carpenters. There were still a great deal of factories staffed by an uneducated, American workforce. There were jobs that a man with little education could still earn a decent living at.
Those jobs are gone and short of some radical economic changes, they aren't coming back. Does anyone think the factories whose assembly lines have long since been relocated to China are going to reopen?
Right now, the "unemployable" (not just unemployed) man is a high school dropout with a criminal record. He has a low IQ and probably reads at a 4th grade level, if that. There used to be jobs for these men. Today there are few of these jobs and these unemployable men have to compete with smarter guys who have stronger work ethics or they have to compete with immigrants who will work twice as hard for a fraction of the pay. It's going to be pretty grim for a huge demographic of young men and I just don't see it changing. In history, when there was a glut of young unemployed men, they were turned into soldiers and spent on the battlefield. Today, even the Army isn't hiring these guys. We're about to see legions of the terminally unemployed men and men who have never in their lives held jobs and it's going to be ugly. We're going to need to build more prisons.
http://www.rightwingnews.com/speeches/carter.php
Jimmy Carter’s Malaise Speech, 1979
“The threat is nearly invisible in ordinary ways. It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. We can see this crisis in the growing doubt about the meaning of our own lives and in the loss of a unity of purpose for our Nation.
“The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America.”
Many people think that this speech helped to make Jimmy a one-termer.