It's another jobless recovery.......

[Joanne98]

And we know it's going to stay that way because we're already hearing the old talking points.

CNBC...

The manufacturing sector. "They are learning how to do more with less".. "They are increasing productivity"...."The SERVICE sector is where the jobs in the future will be"....

Now I have to say that one of the bright spots of this crisis was watching the parasites on CNBC ADMIT that the service economy was FAKE! They were even calling it that for a few days. The FAKE service economy. Something we have always known but was never admitted. But now they're back to all the old lies. Wall Street and the "investor class" is coming out of the woods so I guess everything okay now! NOT!

So...A decision has been made at the top that they're not going to do anything about this. You can tell because even with the pols it's starting to be business as usual.

The conservatives and all their WHINING about the stimulus package which they SCREWED UP by weakening with tax cuts has worked. We're not going to use the government to put people back to work.

THANKS A LOT YOU FUCKERS!

Twenty-one percent of the population is running over everyone. How ridiculous is that?

13 million people out of work and millions more losing their homes. This can't stand.

[baldguy]

1. Without more JOBS it's not a "recovery".

[Joanne98]

2. That's true but they're going to try and slide by with just the market side of the recovery.

We can't let them get away with that.

[area51]

9. Exactly.

If new jobs aren't being created, we're still in a recession or a depression.

[CoffeeCat]

3. I don't see how we can have a recovery...

...that is jobless.

If we continue to lose massive amounts of jobs every month, that will just further constrict spending.

People are saving more and spending less now, because they're afraid of losing employment. The jobless
certainly aren't spending. If we continue to add people to the jobless rolls--then spending will only
decrease--which feeds into more unemployment and business failures.

Also, the jobless statistics that were announced yesterday revealed that more people than ever--are
collecting unemployment benefits. While there have been higher percentages of people collecting
unemployment---it is significant that this number has increased to record levels. This demonstrates
that people are not finding jobs, once they lose one.

It is taking longer to become employed again--and that is devastating.

I think there's a disconnect. The media touts "recovery", but most of America is suffering. I fear that
the rich and the elites will recover--as Wall Street goes gangbusters, and they'll be too busy celebrating
their recovery to notice that the economic conditions for the lower 90 percent are worsening.

[Joanne98]

7. They can do it. The last recession was a jobless recovery. That's why I'm worried.

They got away with it once now they're going to try again. We need a MAJOR backlash. The economy is not working for a majority of the people. It's got to be RADICALLY CHANGED.

[truedelphi]

10. The moment for the radical change is over and done with

When Obama took office, he could have sat down and appraised the situation. Looked things over and realized that the main Big time Wall Street players DELIBERATELY set the system up for catastrophic collapse.

And then he could have gone to the American people with an appraisal that there was not a reason in hell to let these same people anywhere near the helm of the economic ship of state.

Does that mean we would have been without a banking system? No of course not. In fact there would have been several options to choose from


The two options I like best:
1) Have the government simply take over the various banks and financial institutions that needed Bailout funds. Get rid of the Federal Reserve 0- both Paulson and Bernanke have conflicts of interest involving them both with more interest on their part of the worth of Goldman Sachs than with the recovery of the nation. Crete a Central bank that is truly independent.
Or
2) go back to the Reagan-era regulations directing the influx of monies (Circa the S & L crisis of the eighties) Put those policies in place, and thus the money from the federal government would flow to regional, state chartered local banks to be dispensed to the people.

But that moment is now past. Plus it is reported that we have as as nation offered twelve trillion dollars to Wall Street (Well actually 700 Billion if it was the stim package.) So we've given a huge amount of money, more than 11 trillion, handing it over to the Banksters. They are not taking good care of us, but they will take care of that money.

There was a slim hope that this would work out (Handing it over to the banksters, I mean.) None of the banks HAD TO demand full value on their lost monies due to the bad gambles they made via the Credit Default Swaps. But since late January it has become clear that the banks will not settle for pennies on the dollar, but want the full value. To hell with us. We are jsut the chuum,ps that are handing them their Bailout monies. Nothing more, nothing less.

[FreakinDJ]

4. Without Manufacturing and FAIR Trade policies there is no recovery

I'm sick of hearing the hype from both sides of the isle.

Even Obama is too scared to buck the current Corpratocracy in power and do what every humanoid that has learned to walk on 2 feet knows needs to be done - Toss out 38 years worth of ill gotten corporate hand outs in the form of 1 side trade deals that favor Multinational corporations and a select few CEOs.

America MUST have a manufacturing sector to balance the HUGE trade deficits.

Corporate America has gutted the once strong backbone of the American Economy and became so desperate they attempted to Export our Debt in the form of Credit Derivitives to offset the staggering trade imbalance

Guess what - it didn't work

If we continue down this same path we might as well start learning to speak chinese so we can welcome our New Chinese OverLords

[Joanne98]

5. Exactly.. "They own the Senate" I guess that's true. I don't know what

we're going to do next. I'm not willing to attack Obama directly. I don't think he wants to do this but Washington is too corrupted for him to manage. BUT I'm more than ready to go after traitor Dems in the Senate. Tooth and toenail. I think we should really start to hit them hard.

[Hugin]

6. That's a very clear explaination... Thanks Joanne98. nt

[Joanne98]

8. You're welcome Hugin...

[leftofthedial]

11. there aren't many more burgers to flip...

[wuvuj]

12. Graph in terms of PERCENT of jobs lost....

...not seeing the slightest hint of horizontal or up? Just a slight decrease in the rate of descent.

BUT...this is a green shoot....get happy! :woohoo:

[notesdev]

13. Time to send the foreign labor force home

How many Americans need to be out of work before importing foreigners to do their jobs becomes unacceptable?