Unemployment is too damned high. The local rate here in New York state is sitting a full percentage point below the national average, at 8%, and luckily has been relatively stable, if still far too high. Michigan is a mess again. After 2 years of slow but steady gains in employment, the last 6 months have seen an increase in job losses in that state of a full percentage point. North Carolina has seen a similar growth in unemployment, as has Wisconsin. Illinois joblessness has risen 1.2% since April. Washington D.C. has added over 1½% to the unemployment roles over the last 7 months.
There are other states with similar issues, a number of them.
I don’t write about this for the sheer mathematics of it, or to be alarmist and show how bad things are getting out there. I do it to make a simple point. Occupy wall street (OWS) is angry because we are ALL losing because of the economic conditions this country is living with. And the loses are as plain as day to everyone who has lost a job over the last few months, and the unemployment lines are growing again. The stimulus has stopped, and this is the effect. We on the left knew this was going to happen, we tried to warn you, we have been telling America for as long as we could that this would be the effect.
The right, the tea party, the Republicans didn’t listen, don’t listen, won’t listen, and don’t care. They place ideology above country, while hiding behind the red white and blue, and claim that they act for the average man. That could be true, if the average person is a multimillionaire businessman, seeing how that is the person whom they seem to be protecting. But since I’ve never met one of them myself, I have to presume that that they are not in fact the actual average.
That only matters peripherally though. What really matters is that there are millions of people out of work, the House of representatives is doing nothing to help, nothing is being sent to the President’s desk to help mitigate the situation, and the ruling party there doesn’t really seem to care about what happens to Americans. More bills have passed through the house on Abortion measures than economic ones.
America needs all the help it can get, and the jobs just aren’t there. OWS is doing more than the House of Representatives, and that is absolutely pathetic.
If you’re out of work, go to your local OWS, they’ll help you faster than congress can.
Long run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.
John Kenneth Galbraith, The Great Crash, 1929
Viddy of the day: With no debt growth, is a double dip recession looming? I have to tell you, I’m not 100% with this guys thinking. He states that the growth should have been huge coming out of the great recession. I think the point he is missing is that we have never really fully come out of that recession, THAT is why the numbers he is looking at look funny.
I have a job, albeit temporarily. I don’t know how long it will last, but it should be around for 2 months at least. But I am happy that I am working. Not enough people have jobs, even temps one. The amount of people that are underemployed is much higher than that 9.1% We all know someone who has gotten screwed by this economic crisis, the one that has been going on since 2007, and only temporarily abated when the President spent nearly a trillion dollars to keep things afloat.
But we don’t have anything else we can do. The amount of choices, the realistic ones we have, to help ourselves, are non-existent without change from American big business. They hold all of our fortunes in the balance.
And everything that I can see shows me they are throwing away our only chance at coming back.
If it turns out these are the last days of America as an economic superpower, and all that that comes with, we have no one but Americas wealthy aristocracy to blame for any failure that occurs.
That’s it from here, America. G’night!