• About
  • Contact

Dagny's Desk

Dagny's Desk

Daily Archives: 9 March 2010

Obama’s Stimulus Creates Jobs – In China

09 Tuesday Mar 2010

Posted by Dagny Gromer in Economics

≈ Leave a comment

Tags

economy, stimulus

From the New York Times:

GUANGZHOU, China — Just a year after laying off millions of factory workers, China is facing an increasingly acute labor shortage.

As American workers struggle with near double-digit unemployment, unskilled factory workers here in China’s industrial heartland are being offered signing bonuses.

Factory wages have risen as much as 20 percent in recent months.

Congratulations to Obama, the Democrats in Congress, and the criminals at the Federal Reserve!  You have created new jobs in China!!  In the US, not so much.

And BTW, the Chinese labor shortage and increased wages will increase the price of imports from China thus driving up US inflation rates. When the Fed prints money, inflation always follows.

Tea Party anyone?

Pages

  • About
  • Contact

Recent Posts

  • Video: Dog rescued from wreck building in Ukraine
  • Ice age wolf DNA used to trace dog ancestry
  • Uvalde shooter made online threats, no action taken
  • Supreme court strikes down NYC handgun law
  • See 5 planets at once on June 24, 2022

Recent Comments

Dagny Gromer on macOS Monterey
Dagny Gromer on Arizona is on fire!
Ric on Arizona is on fire!
Dagny Gromer on Fall color in Prescott, A…
Colorful Sisters on Fall color in Prescott, A…
RSS  Subscribe

Flickr Photos

javalina_herd-20220624-101cliff_swallow_in_flight-20220620-101-Editjuvenile_house_finch-20220620-100
More Photos
March 2010
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Feb   Apr »

Archives

Posts by Category

Dagny on Twitter

My Tweets

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • Dagny's Desk
    • Join 632 other followers
    • Already have a WordPress.com account? Log in now.
    • Dagny's Desk
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar