The US Jobs Crisis

[DeSwiss]

The US Jobs Crisis

WSWS.org
13 July 2011
Andre Damon

Even as President Obama and the Republicans plot to slash trillions of dollars in social programs, the latest employment report confirms that, far from an economic recovery, the American people face the prospect of an indefinite and worsening jobs crisis. The economy added just 18,000 jobs in June, according to last Friday's Labor Department report, and the May figure was revised downward to 25,000. This is a tenth of the number of new jobs that must be added every month just to keep pace with the normal growth of the labor force.

*snip*

The Obama administration and the political establishment have responded to these figures with total indifference. There is a growing list of states that have cut either the duration or level of jobless benefits. The federal government's extended unemployment benefit program expires at the end of the year, and already hundreds of thousands of workers are exhausting their benefits. Instead of proposing measures to alleviate the blight of mass unemployment, Obama used his press statement Friday on the jobs report to reiterate his call for massive cuts in social programs and more handouts to corporate America.

"We’ve got to rein in our deficits and get the government to live within its means," said Obama, referring to his proposal for trillions of dollars in spending cuts, including to Social Security, made a day earlier. "The sooner we get this done,” he continued, “the sooner that the markets know that... we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need in order to make additional investments to grow and hire."

Here Obama is simply parroting the false and self-serving propaganda of the banks and corporations. Enjoying record profits and sitting on a cash hoard of over $2 trillion—accumulated through government bailouts and wage-cutting in the midst of mounting social distress—the corporate elite declares that it cannot hire people because of “uncertainty” about taxes and regulations.

http://www.wsws.org/articles/2011/jul2011/pers-j13.shtml">MORE

- One. Huge. Scam.
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DeSwiss




“It is well enough that people of the nation do not understand our banking and money system,
for if they did, I believe there would be a revolution before tomorrow morning.” ~Henry Ford (http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/">link)

[Hawkowl]

1. Yep. We are fucked.

Obama loses we're fucked. Obama wins we are still fucked! There is NO uncertainty. Fuck-a-doodle-do.

[DeSwiss]

2. Two-headed monster.....

http://www.youtube.com/watch?v=-npsvJ1esLI"> <----- Click Foamy's nuts