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Progressive Dem
Washington Plays Little Mary Sunshine About Massive Unemployment
Little Mary Sunshines in Washington and in some of the media were absolutely giddy about the March job numbers.
Talk about trying to put lipstick on a pig.....
I wrote this: "That pathetic number of jobs, 216,000, added in March weren't exactly high paying, either...an in the corporate feudal of this country, having a job may not be enough to make ends meet. Meanwhile, as CEO pay soars, workers' pay stagnant."
Now, economist, Dean Baker, writes at The Guardian:
"When the labour department announced that the US economy had created 216,000 jobs in March, it set off a round of celebrations throughout Washington policy circles. The word in the New York Times, the Washington Post and other major news outlets was that the economy was back on course; we were on the right path."Those who know arithmetic were a bit more sceptical. If the economy sustained March's rate of job growth, it will be more than seven years before we get back to normal rates of unemployment. Furthermore, some of this growth likely reflected a bounceback from weaker growth the prior two months. The average rate of job growth over the last three months has been just 160,000. At that pace, we won't get back to normal rates of unemployment until after 2022.
"That's a long time to make ordinary workers suffer because the folks who run the economy are not very good at their job.
FYII, Wednesday, April 6, 2011
"10 Consequences of a Republican forced government shutdown""The devastating effects of the Ryan budget on the elderly, the disabled and children"
Ryan's budget plan job forecasts: same old supply-side snake oil that [the GOP] and Heritage has been selling for decades.
More FYII, Monday, April 4, 2011
Those who vote for the GOP are fools: GOP plan to unveil budget that privatizes Medicare.On the 43rd annversary of MLK assassination fighting for the rights of public workers, nationwide We Are One rallies; union workers, supporters, and many others say, "stand up and fight back."
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FYII, Monday, April 4, 2011
The dippy Wussacrats keep bringing bare knuckles to a knife fight."....when a 'recovery' isn't"
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