By Michael Collins
“The problems we are facing were not created by us, but we deign to shed light on them and so we are blamed for them. The truth is, every person at our protest is there because the system is broken.” Samuel Rutledge, Open Newswire, Portland Indymedia
The fascist financiers of the Money Party are growing restless. Occupy Wall Street began with a call to action from the activist online group Anonymous in August. It was barely featured in the mainstream or alternate media. Instead of a small crowd that could easily be ignored then disbursed, fifty thousand citizens showed up at the headquarters for the world financial system, Wall Street. Despite the best efforts of Mayor Bloomberg and NYPD, the Occupy Wall Street continues. The message went out to the country and the world. Now, there are over 100 occupy events in Oakland, Kansas City, Washington, DC, and elsewhere. (Image: K. Kendall)
By Michael Collins
The Republican crazies are in a celebrity death match with sleepwalking Democrats. It is a fabricated drama amounting to not much of anything in terms of the nation’s well being. The stakes are supposedly the shutdown of the United States government at midnight this Friday. But the most pressing issue isn’t discussed on Capitol Hill.
Why can’t anyone in a position of power mention the unmentionable? There have been no net new jobs in the United States since 2000. There were 137 million employed citizens that year. There are 139 million employed citizens today. This comes into clear focus when you consider the size of the workforce for 2000 and 2010; 143 million versus 154 million respectively. There are actually fewer jobs in proportion to the workforce.
Isn’t this a worthy topic? Shouldn’t the story be carried nightly on a major network with a title like: Jobless America, Day 4112?
The Happy New Year Edition (with some good news about 2011)
The best thing about 2010 is that it’s over. It was a year filled with utter stupidity, mendacity, and greed beyond all bounds on the part of our rulers, also known as The Money Party. Lots of fiddling while Rome and the rest of the world burned. Knowledge is power and among the ruling elite in the United States, the power was off. Somebody forgot to pay the bill or paid with a bad check, no doubt.
A Decade of Job Stagnation In 2000, 135 million citizens were employed. In 2010 there were 139 million Americans employed. Given the 9.7% increase in population since 2000, we would expect to see at least 148 million citizens with jobs. Nobody much wants to talk about this or the true unemployment figures produced by the US Census called “U6”. That measure accounts for, “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” Bureau of Labor Statistics
Posted in Economy Economics, Environment, Healthcare, Labor, Neoliberalism, War and Peace
Tagged 2010, 2011, citizens, class war, depression, employment, jobs, money party, new year, Recession, Unemployed
Robert Oak at Economic Populist has rebutted the notion that hiring is stalled due to a “skills shortage.” The latest news from the masters of disaster is that there are 5 million jobs in the United States open because of a skills shortage. Not so! as Oak skill fully demonstrates as he demolishes that claim empirically.
See: Blame Employers for the Jobs Crisis – Economic Populist
There is no skills shortage, there never was a skill shortage. There is a shortage of good employers who do not discriminate, age discriminate, ship jobs to India, China, Brazil and treat their workers like cannon fodder. There also is a shortage of jobs, pure and simple. Put U.S. workers first. Demand these employers quit their inane, harsh, wage repressing, discriminatory labor practices. Put a few of of these traitorous employers in jail and sue ’em. Deal with trade and offshore outsourcing, invest in America and Americans. Then and only then will we might actually get somewhere to putting people back to work. Robert Oak
By Bill Mitchell
Macroeconomics has returned to the discredited Treasury view with some modern embellishments. The major attacks of the government fiscal stimulus to conquer unemployment now resonate almost exactly with the bunk that was trotted out by the conservatives during the 1929 British election campaign. The modern proponents (centered at Harvard and Chicago) also appear largely unaware of the arguments and seem content to peddle their nonsense oblivious that their ‘knowledge’ ceased to be such 80 odd years ago. It isn’t rocket science to understand what has happened. The ‘budget cuts have impaired the economy’s ability to grow’. You simply cannot withdraw (drastically) the main source of spending and not expect output to fall (dramatically), writes Bill Mitchell.
I just read the presidents big speech tonight and it struck me. There were some key lines left out of the speech. You may have had the same response. For the sake of clarity and fairness, I’ve tried to reconstruct the missing lines. I’m sure that the omissions were just an accident. Or maybe that Robert Gibbs may be up to his old tricks again. My insertions are in italics, following the president’s words from the official White House transcript. White House, August 31, 2010 Here goes.
THE PRESIDENT: Good evening. Tonight, I’d like to talk to you about the end of our combat mission in Iraq, the ongoing security challenges we face, and the need to rebuild our nation here at home. But before I do that, we need a moment of truth. The Iraq war was based on a deliberate lie involving the White House distorting the National intelligence estimate on Iraqi Weapons of Mass Destruction (WMD). The report got it wrong on WMD. There were none. But it concluded that the only way the nonexistent WMD would be used against the United States was in retaliation for a US attack on Iraq that threatened Saddam Hussein. By deleting this information, the Bush-Cheney White House justified a preemptive invasion without any basis, a crime under international law that our nation helped establish after World War II. Continue reading
Posted in Constitution, Human Rights Civil Liberties, Neoliberalism, Region: Asia
Tagged afghanistan, congress, depression, iraq, Middle-class, obama, Recession, speech, war, war crime, White House
By Joaquin posted by Michael Collins
So, you cut back on your lifestyle; performed a so un-Greek personal austerity reset but your credit card balance is still creeping up; or perhaps you are slowly burning through your savings; or you are at the end of the line; abandon ship. Whatever, you have a lot of company out there. (Image)
Why is it so hard to make ends meet these days? The days of living high on the credit hog are over and we all have to get small but in the end, we still have to make ends meet; we have to pay for food, pay for utilities, buy gas, etc. How to make that work?
Posted in Neoliberalism, Obama and Company, Slavery
Tagged consumerism, Consumers, depression, double-dip, economics, economy, politics, Recession, recovery, usa
This is a front line report on the class war. Edwin Girdle (The Colonel) had an excellent business going until he needed a loan after the shock of 2008. The banks that got billions weren’t lending and there was no help anywhere else in the “safety net.” His story is compelling and clear. Noted at Jerome Doolittle’s blog at SmirkingChimp.com who first posted this and reprinted with Mr. Girdle’s permission. Michael Collins
For three years I owned and operated a mini-market/gas station in a Cincinnati, Ohio suburb. I bought an already existing store using all the assets I had, including my 401K funds, after being down-sized from my middle-management career of 22 years (in one of the many industries which the U.S. can no longer keep onshore).