Yes The Recovery Is Well On It's Way

Obama and the Reichsministerium für Volksaufklärung has just trumpeted that there were 13,000 new jobs private sector jobs created in June!!!!

Now what is that in real numbers?

A massive 260 jobs per State.

The Unemployment numbers of U-6 are hovering at 17%, and that doesn't reflect the discouraged workers who because of changes in reporting laws passed in 1914 doesn't include them any more.

The SGS reports the true number of Unemployed as nearer 22% when pre 94 unemployment reporting is used.

 

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Thanks in no small part to Republican obstructionism.

How filibuster derailed jobless aid vote

 

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:roflmao::truce:

 

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Yes, the Reichsministerium für Volksaufklärung is well established in our news organs, we have even surpassed the Masters of Volksaufklärung at it.

 

You know, it might not be many jobs, as of yet.

But it is positive news, and for the recovery to come forth, and re build it's self, the consumers, you me, need to have confidence...

Negative comments like this does nothing but ruin the economy down even more.

Kudos to the Democrats for informing us of the small but none the less a good sign we are recovering.

 

Don't even talk about that dude...

In a few Months when People who lost there income because of this start loosing there homes and Cars...

I am sure they will start Blaming the democrats with that as well..

Fuck I hate republicans...

 

Frankly I don't hold much hope for a recovery. We are entering the Long Emergency of economic instability. Of course, the Democrats can't win politically on a negative message, hence the "green shoots" and good news.

 

The Economy: A creature of myth

We also have to remember how much of the economy is a psychological phenomenon. If Wall Street truly despises Obama as much as some suggest, the corporations can continue to tank without really trying:

Corporate America, however, really, truly hates the current administration. Wall Street, for example, is in “a state of bitter, seething, hysterical fury” toward the president, writes John Heilemann of New York magazine. What’s going on?

One answer is taxes — not so much on corporations themselves as on the people who run them. The Obama administration plans to raise tax rates on upper brackets back to Clinton-era levels. Furthermore, health reform will in part be paid for with surtaxes on high-income individuals. All this will amount to a significant financial hit to C.E.O.’s, investment bankers and other masters of the universe.

Now, don’t cry for these people: they’ll still be doing extremely well, and by and large they’ll be paying little more as a percentage of their income than they did in the 1990s. Yet the fact that the tax increases they’re facing are reasonable doesn’t stop them from being very, very angry.

Nor are taxes the whole story.

Many Obama supporters have been disappointed by what they see as the administration’s mildness on regulatory issues — its embrace of limited financial reform that doesn’t break up the biggest banks, its support for offshore drilling, and so on. Yet corporate interests are balking at even modest changes from the permissiveness of the Bush era.

From the outside, this rage against regulation seems bizarre. I mean, what did they expect? The financial industry, in particular, ran wild under deregulation, eventually bringing on a crisis that has left 15 million Americans unemployed, and required large-scale taxpayer-financed bailouts to avoid an even worse outcome. Did Wall Street expect to emerge from all that without facing some new restrictions? Apparently it did.

So what President Obama and his party now face isn’t just, or even mainly, an opposition grounded in right-wing populism. For grass-roots anger is being channeled and exploited by corporate interests, which will be the big winners if the G.O.P. does well in November.

If this sounds familiar, it should: it’s the same formula the right has been using for a generation.

(Krugman)​

"The Economy" is often just an idea wielded as a shield behind which we might hide our greed. If The Economy was really so important, fewer people would panic at the slightest sign of economic trouble; fewer would pull their profits against the spectre of a stock decline, and more would ride out the trouble. When it comes down to it, profit "now" is far more important than "The Economy".

This is, of course, symptomatic of our capitalistic inclinations. "The Economy" is an altruistic symbol, and altruism is bad for business, and therefore the capitalist. While "The Economy" is held up as a justification for increased and extended deprivation among the working classes, profit is a right asserted by those who can most greatly influence the economy.

Yes, this is a bad time for the real economy. Yes, this is a hard time for all Americans. But we hop back and forth between altruism and capitalistic rights in a fashion quite apparently disingenuous. Much of the blame for the state of things rests with Congress as well as the current and prior executives. But we cannot continue to excuse and defend greed in both the public and private sectors if we intend to recover from this crisis and break the cycle of boom and bust that presently drives the American economic outlook.

Remember that those who lose their jobs and homes will be those who showed up for work, met their quotas, and did their jobs. The wealthy owners and managers who ran companies into the ground will still receive their bonuses, and if they lose a house somewhere, they'll still have two or three more apiece to fall back to.

As long as we look to the politicians for solutions while looking past the sins of those who sit closest to the center of real power in the American economy, recovery will be that much harder to achieve.
____________________

Notes:

Krugman, Paul. "The Old Enemies". The New York Times. May 24, 2010; page A25. NYTimes.com. June 30, 2010. http://www.nytimes.com/2010/05/24/opinion/24krugman.html

See Also:

Heilemann, John. "Obama Is From Mars, Wall Street Is From Venus". New York Magazine. May 22, 2010. NYMag.com. June 30, 2010. http://nymag.com/news/politics/66188/

 

Thats exactly why for America to succeed she needs to take back the power from the elite few and give it back to the People, who represent the general Public.

 

We need to have an economy based on making things that people need, not manipulating money. If conservatives are so worried about the deficit, we need to raise the top tax rate and pay it off. They are responsible for a huge portion of the spending. It's time for them to put up or shut up.

 

Mod Note: Thread closed. Next time you start a thread, do it in good faith and spare us the pointless "Ooh, Obama is a Nazi, run for your lives!" histrionics. All presidents engage in propaganda, where were you for this gem?