A Quote by Jeffrey Eugenides
It was a recession when I graduated, but I was so unequipped to have a job anyway, I don't think it would have mattered if the economy was booming. I think I was expecting bad jobs. But as it went on through my 20s, I began to wonder how things were going to turn out.
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When I talk to people, their concern is, how are you going to create jobs? How are you going to help turn this economy around? How are we going to make sure that when my kids get out of high school or college there will be some job there? Those are the concerns that are on their minds.
I think that Democrats have to think through answers we haven't in the past: How we are going to create those jobs? How should we restructure the entire tax code? Should we have things like a payroll tax, when jobs are so scarce? They weren't - basically the architecture of our employment law, tax law, all these things were from the 1930s - and I do think that one benefit of Donald Trump, which is not worth it, but one perverse thing is, he has widened the scope of things that we should discuss.
The great thing is, Internet allows you to create your own job, not just look for jobs other people are going to give you. And that, combined with the American spirit, I think, is going to help us come out of the recession faster than other countries. And I think it's going to help Africa come out of, you know, a century of slump.
Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.
In the old days when I first was coming up, you would turn up on set in the morning with your coffee, script, and hangover and you would figure out what you were going to do with the day and how you were going to play the scenes. You would rehearse and then invite the crew in to watch the actors go through the scenes. The actors would go away to makeup and costume and the director and the DP would work out how they were going to cover what the actors had just done.
When I think about what I'm going through, as President, it doesn't compare to what the folks that I'm representing are going through. They're losing jobs. They're trying to figure out how to pay their medical bills. They've seen retirements suddenly dissipate because of what's happening in the stock market. And so as tough as the job might be, and the politics of Washington can sometimes be I'm always reminded of how fortunate I am to be here, and what an extraordinary responsibility I have to try to deliver on some of the promises that I made during the election.
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.
I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.
How do we create jobs for so many Americans who are feeling pushed out, not just left out, pushed out of the modern economy. Obviously it's skills and education. But it's also jobs. So if I could do anything it would be to take this moment in time that we've got when, yes, our recovery is better, we've had steadier growth, I don't think President [Barack] Obama frankly gets the credit he deserves for the kind of steady hand that he and his advisers apply to moving through that really dangerous period.
There's certain things that I was taught growing up about not quitting and seeing things through. I think if I would have come home and told my dad that I was going to quit the team, I think he would have kicked me out of the house. I don't think I'd have a place to stay.
My summer jobs for three years were going to work in my dad's factory and earn a bit of pocket money. I absolutely loved it, and I think I learnt more there than I did at Cambridge, actually, in terms of how hard work is and how tough it is finding a job, keeping a job, managing a job and family and commitments outside of work.
I want to remind you right quick what this country has been through, and the challenges this economy had faced over the last three years. First, we went through a recession. That means we were going backwards.
I saw what the Depression was doing to my students. Often they could get no jobs, or jobs which were wholly inadequate. And through them, I began to understand how deeply political and economic events could affect men's lives. I began to feel the need to participate more fully in the life of the community.
When we get the private sector going through job creation and growth, then the governments at all level have revenues to do the things that they need to do. And that's why it's so important to get this economy moving, to get jobs created. We can't keep going on with this anemic recovery.
I think the work on tax reform, the work that's being done on regulatory reform is very important. And just having a seat at the table, I think, is so important for business today as we think about what's going to benefit the economy of this country, how we're going to create great manufacturing jobs.
Things are never going to turn out how you think they will.
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