Igor;

Some unemployment numbers:

Unemployment rate USA

1991 = 6.8 %.
1992 = 6.0 %
1999 = 3.9 %

Unemployment in Silicon Valley
1993 = 7.8 %

2001 = 1.7 %
2003 = 8.6 %

Since April 2001 we have lost 191,000 jobs from companies that have gone bankrupt, or moved. This does not include small companies (there were many) which do not appear in the States statistics. This includes hardware and software companies. Not everyone here was a .COM "expert".

Silicon Valley produces 25% of the nations Export economy. Is that of any importance? Only if you are concerned about the nations economy. But of what importance is our economy?

I was one of the 60,000 unemployed electronics engineers in Silicon Valley in 1992. George Bush ("The Elder") was in San Jose campaigning for a second term as president. During the conference an engineering friend of mind in the audience asked, “What are you going to do about the 60,000 unemployed electronics engineers in Silicon Valley”? GB answered, “There are plenty of jobs at McDonalds! Next question”!

Tom


>Hi,
>
>Anybody remembers unemployment rate in 1991?
>
>Igor
>
>>Tracy;
>>
>>I cannot cite any reference to an Internet link. However, not all knowledge is available through the Internet. The 6% figure is one that I first read in High School (1960), and again in college during the early to mid 1970’s. Our son just graduated from college in December of last year and the 6% figure was still being used in his textbook. Also, this number is one that the Federal Reserve embraces or at least that was the case until June of 2002, when I last heard Dr. Greenspan cite it.
>>
>>During the Nixon and Bush Senior Presidencies, this number was often used as a part of the “economic model”. When Clinton was President it was stated that less than 6% unemployment was cause for inflation. The economic was not working as it should have under Clinton.
>>
>>In the past when I have wanted a specific reference I would call the public or college library. Knowledge gained from the Internet is something that is questionable in my opinion.
>>
>>Tom
>>
>>
>>
>>
>>>SNIP
>>>>This is the way it should be folks! The Republican economic team is at work and doing what it does best! No need to consider any changes in what the economy is doing. No need to invest any effort into improving the economy. When you have attained the “perfect model” based upon the magic 6 percent figure what else could you ask for?
>>>>
>>>>If you need a job, too bad! If you are working good for you! To be a success under Republican economic models, every dog must take care of him/herself. Start barking to express your acceptance of this wonderful period. Just remember this is nothing new that we are experiencing. The economy is as it should be. Bow wow!
>>>>
>>>>Tom
>>>
>>>Hi Tom,
>>>
>>>What Republicans have voiced this opinion? Do you have links I can look at? I'd be interested to read these opinions if possible. Whenever political statements are claimed I like to check them out regardless of who made them...a lot of ridiculous statements are claimed to have been made by Hilary Clinton recently too, but I haven't seen any evidence myself...