Job creation is a long way from happening in this economy. Remember the millions of jobs created over the last 10-20 years were created durring the bubble years, these jobs are long gone and never coming back. They can spend all the trillions they want trying to create jobs but it will not work because you cannot force jobs in this economy or any economy.
In the future, we will all be living in caves and you will taxed based on the amount of space you occupy in the cave.
America is saturated and suitable for people who will live on http://en.wikipedia.org/wiki/Passive_income
Technology is a double edged sword. In the past, it has both created and destroyed jobs. The trend I see today is technology creating productivity efiiciencies, thus, on a net basis, jobs are actually lost. Imagine if the casino economy that flourished after leaving the gold standard never grew as it did? We would have realized those jobs losses. There is another issue. Who defined optimum employment as a society where 95% of employable people have a job, work 5 days a weeks, and have two weeks off a year? That equates to a certain number of hours worked, right? Why do we model a society on how many hours need to be worked, and not on how many things are actually needed to be consumed? We never fully realized these technological productivity gains. Yes, in terms of households we have - microwave ovens, dishwashing machines, washing machines, etc... freed up our time from housework. But what about our time spent on a job? Why has this process of increasing productivity not affected how an economy works? I'll tell you why: it goes back to the 95% employed, 2 weeks vacation, etc... If we want 95% of people to be employed - we need shorter workweeks. Instead, we deficit spend, and rely on a private banking system to create funny money, to drive up demand, to succeed in having 95% @ 40 hours a week @ 50 weeks a year. We need to change how we view productivity gains and how we use them to our advantage - in a realistic way.
I think we need to start valuing our consumer and labor markets more. Right now we put zero value on allowing access. Other countries put a high price on being able to sell in their markets ie. you have to transfer technology or build a certain amount of factories. And, most other countries don't allow access their labor markets (visas etc). Mexico encourages its citizens to move to the US, take jobs and send money back. Americans generally cannot work in Mexico. In a free market - stores charge stocking fees if companies want to sell there. Costco changes a membership fee to use their store. Everything of value should have a cost. Its time to stop being stupid.
Really??? I look at Europe and see that socialism is failing/dying. Capitalism at least has a fair amount of historical success. Wealth redistribution on the other hand.......well let's just say that I have yet to see it actually work.