I still have a lot of confidence in people's ability to create new industries and jobs. While a lot of jobs that people did when I was a kid aren't around any more, a huge percentage of the jobs today didn't exist back then either.

New jobs can be created. Jobs nobody ever heard of before. It's done all the time. Fifty years ago, this country had less than half the people employed than it does right this minute. 41 percent, to be precise. It's actually kind of remarkable that we've kept up with the population of new workers as well as we have.

Heck, if you look at March of 2001, the employment peak of the great 90s boom, we had 132.5 million jobs. That's only about 1.4 million more jobs than there were in May. Like a one percent difference. Yet the unemployment rate back then was 4.3, and now it's 9.1.

We've grown our way out of these things in the past. Maybe we can do it again.