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ORIGINAL: popeye1250

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ORIGINAL: Marini

I heard bits and pieces of President Obama's speech yesterday.
I heard President Obama state that he was going to put more emphasis on the American economy, and job creation.

Any idea's on what industries the jobs will be created in?
We have some very bright posters around here, and deep thinkers.

I would love to hear where people think some of the millions of jobs, that are needed NOW, will be coming from.

Will many of them be well paying jobs with bright futures?
What does the future look like for the struggling middle class in America?
Is the middle class really being "hollowed out?"

http://www.theatlantic.com/business/archive/2010/08/the-hollowing-out-of-americas-middle-class/62330/

Marini, my magic eight ball says "doubtfull."
Anytime a job becomes "good" with "good pay and benefits" it gets outsourced to a foreign country.

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How would the wonderful "free market" system be doing, without the 700 billion to bail them out?????

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ORIGINAL: Fellow

It seems to me Obama thinks the current joblessness levels can be managed, and the problem does not deserve drastic measures. His current activity could be classified as a pre-election PR campaign.
The US economy is stable and it is growing on very low pace. The companies make profits and the stock prices have not fallen substantially. Bank profits are at pre-crisis level (a sign of economy sickness actually, they collect interest on debt).
So, there is actually no need for drastic actions (from the White House perspective). Similar trends can be noticed in Euroland: many countries manage high unemployment without any attempt to make structural adjustments in the economy. Jobless are kept (as much as possible)  invisible suffering minority while the country puts out a happy facade.
It would be very difficult (if not impossible) to make US Congress act for a new stimulus. Even if something would get passed, it would be a caricature what is actually required due to needed pork additions.  Targeted infrastructure spending would work in principle. Also, the idea that is floating around, eliminating payroll tax for few years (Republicans could join this one). Hopeless would be to try to cut military spending (both Democrats and Republicans who are making decisions obviously do not even consider the option).
The biggest problem USA is facing is financial. Currently huge loads of debt  banks hold are kept hidden with the hope property values will recover soon. It will not happen, and it can potentially result in another crash. Some economists say: the earliest possibility will be the next spring.
Sorry to make such a prediction, but there is no hope for many unemployed for years to come. In Europe they can search for work abroad. Mexico economy  is predicted to grow in perspective. Maybe they will take better skilled US workers in near future.

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ORIGINAL: OohAahMrs

Through the many slumps i have seen, it's always the service industry that creates the jobs, like we are building loads of supermarkets in the uk, great if you want a career as a shelf-stacker. The problem seems to be at least where i live, there are tens of thousands of immigrants, and more coming every day, all those service jobs which would have stimulated the recovery, are now taken by people who will work for less money. We are creating massive prroblems for the near future!