In speaking to the CEO of a major US energy company, as he reflected on the upcoming turnover of a huge population reaching retirement age, he said he would love to search a data to assess people and make offers to go to his plants- meaning a real job, one that brings with it a livelihood. Today, he has to put up posters, put out ads, or send representatives to every base.
3.4 million college students will become college graduates this month — and we all know the type of economy they’re going to enter. Matthew Segal of OurTime is pushing public service — volunteering — as part of the solution to this problem.
At first glance, the December jobs report seems to be a step in the right direction. An unemployment rate of 9.4 percent, the lowest level in 19 months. And a president, happy to boast about another 103,000 jobs being created last month.
However, renowned economist Peter Morici points out two important caveats. For one, 260,000 Americans simply dropped out of the labor force in December. They are out of work, yet no longer counted as unemployed by the government. And secondly, 103,000 jobs is nowhere near the number of jobs we need to be adding each month. To bring unemployment down to 6 percent by 2013, businesses need to hire an average of 350,000 new workers each month.
Even Federal Reserve Chairman Ben Bernanke, who continues to defend his Quantitative Easing (aka money-printing) program, couldn’t ignore the writing on the wall during a Senate hearing Friday morning. “If we continue at this pace”, said Bernanke, “we are not going to see sustained declines to the unemployment rate.”
This “pace” that we’re operating at is working out just fine for the incumbent power structure, but it is strangling the rest of America. And it’s not the first time a group of outdated industries has controlled our government for their own benefit, and at the detriment of everyone else.
It took a courageous — and at the time crazy — leader by the name of Teddy Roosevelt to step up and change that. He took on the biggest financial giant there was, JP Morgan, and he won. Roosevelt’s underlying premise — if you’re too powerful and you’re profiting at the expense of the American people — then you are an enemy of freedom and the government must break you up. It was that simple.
Here we find ourselves today in a similar situation, where six industries have a stranglehold over Washington. And the draining of our current and future wealth will only continue as both the media and the political class not only tolerates but spreads the phrase “free market” when the reality doesn’t match the rhetoric.
Our politicians continue to take money from massive corporations to subsidize them in a rigged marketplace that only cares about protecting the incumbent structure. At the same time, the American people are drowning in a red sea of debt caused by perpetuating banking, health care, energy and defense systems that are expensive, ineffective and protected from competition.
So I have a challenge for those so-called free market Republicans who rode a wave of voter discontent into Washington. I challenge you to end massive corporate subsidies. To end tax loopholes. And to end rigged trade with China and release the true power of free markets.
This can no longer be simply a talking point to win votes. Because this broken system is not only costing American jobs… it’s costing us the very prosperity and freedoms that this country was founded on.
Doc Holliday said, “My hypocrisy knows no bounds” in the movie Tombstone. The same apparently is true for our current crop of Bankster Politicians, many of whom today voted against extending unemployment benefits even after they voted in 2008 for a bank bailout.
Yes, these Corporate Communists not only voted for billion dollar bailouts for companies that were about to fail due to their own terrible decisions, but then subsequently have done nothing to prevent the ongoing and future theft. By destroying this very tenet of capitalism — that the losers actually lose so that new ideas, people, companies can become winners — they have now crippled our economy and kept millions out of work.
Now when faced with giving a pittance of support to many of the same people tossed from employment by their cronyism, they have all of a sudden found ideology. Of course, considering that many of these Bankster Politicians are going to lose their jobs for this, they will try to make excuses like the following:
Unemployment needs to be paid for out of current spending!
And for some reason the bank bailouts did not? But even letting bygones be bygones, I have a suggestion — let’s use clawbacks to pay for unemployment, considering this financial crisis (a) was caused by these people and (b) is why there are no jobs.
But unemployment pays people not to work!
Well, bailing out these banks is even worse — it’s the government literally paying people ungodly sums to destroy our country. Like I’ve said before, there’s a reason why banking is an unpaid job in Monopoly — it is basically a utility rendered unprofitable by modern technology. These bailed-out banks are dangerous casinos gambling with the well-being of America, and America is losing.
Mind you, I don’t even agree with the current unemployment program in this country. I believe people should have to volunteer for a non-profit for 10-20 hours a week to qualify for unemployment. However, our vote-loving politicians like to keep their jobs by giving future generation’s money away for nothing in return.
TARP was to keep people working!
Really? Well then it’s done a terrible job of keeping people working, because unemployment is actually getting worse. The only place it’s actually saved “us” is in the imaginary crony-ist utopia of those who benefited. Their jobs plan is a lucky few of you cleaning the pools built with their $145 billion in 2010 bonuses.
TARP was just a loan and has been paid back, with interest!
I suggest you all familiarize yourselves with THE BIG TARP LIE… and make sure the politicians and media that continue to spout it become familiar as well.
But I was lied to about TARP!
Then do your job. Those people who lied to you were often under oath. They should be investigated and put in jail if found guilty.
So without further ado, I present to you the list of today’s Banksters — those who voted “Yes” for Bankster billions and “No” for their victims. Please check to see if your Senator is on the list:
Lamar Alexander [B-TN]
Robert Bennett [B-UT]
Christopher Bond [B-MO]
Richard Burr [B-NC]
Saxby Chambliss [B-GA]
Thomas Coburn [B-OK]
Bob Corker [B-TN]
John Cornyn [B-TX]
John Ensign [B-NV]
Lindsey Graham [B-SC]
Charles Grassley [B-IA]
Judd Gregg [B-NH]
Orrin Hatch [B-UT]
Kay Hutchison [B-TX]
John Isakson [B-GA]
Jon Kyl [B-AZ]
Richard Lugar [B-IN]
John McCain [B-AZ]
Mitch McConnell [B-KY]
Lisa Murkowski [B-AK]
Ben Nelson [B-NE]
John Thune [B-SD]
George Voinovich [B-OH]
Banksters Revealed Again! January 20th, 2011Dylan Ratigan