Robert Reich: The Zero Economy

[deminks]

You gotta be bad, you gotta be bold
You gotta be wiser, you gotta be hard
You gotta be tough, you gotta be stronger
You gotta be cool, you gotta be calm
You gotta stay together

http://obrag.org/?p=44518

The Bureau of Labor Statistics reports today no jobs were created in August. Zero. Nada.

Well, not quite. The strike at Verizon reduced the labor force by 45,000. Minnesota government employees returned to work, adding 22,000. So in reality, America added 23,000 jobs. Almost zero.

In reality, worse than zero. We need 125,000 a month merely to keep up with population growth. So the hole continues to deepen.

Since this Depression began at the end of 2007, America’s potential labor force – working-age people who want jobs – has grown by over 7 million. But since then the number of Americans with jobs has shrunk by more than 300,000.

(snip)

Do you hear me, Mr. President? Please – be bold next week. And if, as expected, Republicans refuse to go along, take it to the people. Mobilize the public. Use the bully pulpit. That’s what you have it for.

(end snip)

emphasis mine

[xchrom]

1. recommend

[Demeter]

2. Ain't gonna happen, but it's a nice thought

[Dokkie]

3. If you think 0 is bad

Then wait till they revise the number down a bit more.

[hay rick]

4. Robert Reich for president.

That is all.