Employment and Demand

Discussing with a friend the economic climate (unemployment, foreclosures, bankruptcies, etc.) — to which politicians pander with false religiosity and more environmental devastation — sensitized my scanning to the following Reddit exchange:

Jobless Men Keep Going, We Can't Take Care Of Our Own
The fraud started at the very top: With government leaders of both parties. So, what do we do? Yelling that the other side is to blame is pointless and self-defeating. Instead, citizens on all sides of the political spectrum can educate themselves on these issues, insure that the issues stay in the public spotlight, organize in their geographical areas, and then maybe gain real political power. This is precisely what the Populist Party did in the 1890?s. They were farmers who were losing their farms to predatory banks and being gouged by crop speculators. They joined together to form co-ops to buy their goods at a fair price, and then became a national force.”

minor9sharp11:
Bush had the worst job creation of any president since WWII, other than his father. Bush 3m jobs, Clinton 23m, Bush H. W. 2.5m, Reagan 16m, Carter 10.5m (in 4 years!). The 8 years of the Bush tax cuts destroyed job growth and the world economy. Raise the (bleep) taxes on the rich now!

(yousaiditnowdealwithit.tumblr.com)

Kytro
I am not convinced that politicians have as much control over jobs and the economy as they think.
themediumisthe

I’m really tired of comparisons of economic performance under Presidents tenures. It is clear that the economy has such unpredictable lag times and external variables that crediting a President for the economic climate under their time is really an imperfect and possibly misleading measure.

That being said, Democratic economic plans do tend to make more sense and are more than likely better for the economy than the misguided and contradictory Republican cut taxes / military spending routine (see Zombie Doctrine).

This was after reflecting upon an argument by Dave Johnson: “A job is created when demand for goods or services is greater than the existing ability to provide them.” And the corollary: “Businesses do not create jobs. In fact, the way our economy is structured the incentive is for businesses to get rid of as many jobs as they can.”

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Oliver McAdoo observes, “Questioning the status quo carries the danger of ostracism, possibly persecution. This aspect has a strong link with politics.”

People doing well under the current system are not inclined to look favourably on those who question the system. Morpheus says to Neo “You have to understand that many people are not ready to be unplugged, and many of them are so inured, so hopelessly dependent on the system that they will fight to protect it.”

Johnson omitted manipulation, whereas this blog has ranted before about ‘Merika accepting image over substance and expecting likewise from others. It is the media that distributes disinformation for the sake of their bottom line, i.e., BAUAAAE. Washington “Of the People, By the People, Sell It to the People” Theater, please take note. There has been much about TSA…

No, I’m not talking your Tax Sheltered Annuity, I’m talking a real growth industry… (Reddit has much ado about strip searches and groping by the Transportation Security Administration)* on Reddit of late, which prompted one Redditor to cry out: Abolish the TSA. It doesn’t provide security, it provides security theater.

* Editor’s note: “Signed into law by President George W. Bush on November 19, 2001. The TSA was originally organized in the U.S. Department of Transportation but was moved to the U.S. Department of Homeland Security on March 25, 2003.”

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10 Comments

  1. jcwinnie
    Posted 2010-11-15 at 12:21 pm | Permalink

    President Obama is ready to talk tax cuts and, as the Center for American Progress observes, “it’s not a question of whether everyone gets their tax cuts extended. It’s a question of whether everyone gets something and the rich get a bonus.”

  2. jcwinnie
    Posted 2010-11-30 at 10:23 pm | Permalink

    Help the More Fortunate

    And, Salon tells us that all 42 Republican senators signed a letter declaring that they would block Congress from any action at all until tax cuts for the wealthy have been safely extended.

  3. jcwinnie
    Posted 2010-11-30 at 10:42 pm | Permalink

    & more pillow talk…

    She: “Did you know that there are people starving under his (the North Korean) dictatorship?”

    He: “I saw where They were showing us such pictures and not pictures of food kitchens serving more of the needy in this country.”

    She: “You’re saying it is easier to point at Those People…”

    He: “Yeah, the ones that don’t look like us. Are there people starving in this country?”

    She (sadly): “Yes. I am seeing more and more of it right at work.”

    He: “And, the United States spends more on Defense than all the other countries in the world combined.”

  4. jcwinnie
    Posted 2010-11-30 at 10:50 pm | Permalink

    Nuclear Winter

  5. jcwinnie
    Posted 2010-12-1 at 9:13 am | Permalink

    AMY GOODMAN: Noam, you were continuing your prescription- your advice that you would give to President Obama today.

    NOAM CHOMSKY: Well, the economy is a disaster. There is 10% official unemployment, probably twice that much actual unemployment. Many people unemployed for years–this is a huge human tragedy, but it’s also an economic tragedy. These are unused resources which could be producing to make the things that this country needs. The United States is becoming kind of a third world country.

  6. jcwinnie
    Posted 2010-12-1 at 10:31 am | Permalink

    At the stroke of midnight Tuesday, a short-term extension of jobless benefits for the long-term unemployed expired as Democrats and Republicans in Congress failed to agree on how those benefits should be further extended.

  7. jcwinnie
    Posted 2010-12-1 at 10:54 am | Permalink

    Deficit Commission Slashes Taxes For Wealthy, Corporations, While Raising Retirement Age And Cutting Spending

  8. jcwinnie
    Posted 2010-12-1 at 12:44 pm | Permalink

    Taxpayers in the top 1 percent don’t need it (a tax cut); they now get almost a quarter of all national income, the highest percent since 1928. Truthout

  9. jcwinnie
    Posted 2010-12-7 at 12:15 pm | Permalink

    President Obama has announced “a deal with Republicans to extend tax cuts for all Americans, including the wealthiest two percent.” In turn, the Republicans agreed to extend unemployment benefits.

    [Thus,] backtracking on one of his most pivotal campaign promises. Calling the deal a “framework for a bipartisan agreement,” Obama relented in his previous assurances that he would allow Bush tax cuts to end.

  10. jcwinnie
    Posted 2010-12-9 at 9:14 am | Permalink

    By agreeing to another round of massive tax cuts for the wealthy, the President confirms the Republican story. Cutting taxes on the rich while freezing discretionary spending (which he’s also agreed to do) affirms that the underlying problem is big government, and the solution is to shrink government and expect the extra wealth at the top to trickle down to everyone else.

    Obama’s new tax compromise is not only bad economics; it’s also disastrous from the standpoint of educating the public about what has happened and what needs to happen in the future. It reenforces the Republican story and makes mincemeat out of the truthful one Democrats should be telling.

    The truth? Power and privilege at the top is the problem, exemplified by a past president who is not facing war crimes charges after admitting to them.

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