Remember when America was the Land of Opportunity?
Well, that quaint day as disappeared like morning dew and Captain Kangaroo.
Here’s some news that’s as charming as a rent collector, especially when you’re out of work and out of rent money: Corporate profits and stock prices are up but American companies are hiring at a faster clip overseas than they are here.
Sales are booming in international markets and Americans companies realize that what is good for the American economy isn’t necessarily good for them.
The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S.
The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent from its current 9.8 percent.
Apparently this is not a trend, which is even more scary than playing a football game in the snow these days.
Kids who once dreamed about being doctors, lawyers, CEOs and Indian chiefs now only aspire to be Red Roof Inn desk clerks, Denny’s fry cooks and Snooki’s tanning coach.