HowardIs US Unemployment Down?
September 4th 2010 13:02
Real Crash- Looking at Capitalism and its Laws:
Hungry heart and a hungry belly.
More Americans have a hungry heart as Bruce Springsteen sang, plus a hungry belly. US unemployment is down, due to 120,000 or so government workers getting laid off. Some of these were Census workers, but many are being laid off by local governments as they go broke. Refusing to acknowledge this, Obama, staged one of his notorious two-minute bs fits in the Rose Garden Friday, and would not even refer to any job loss figure. The Wall Street, New York, and Washington media played along, all avoiding mentioning the latest loss in the employment of Americans. They tell you that the private sector is doing better, but that's another big fake. Of the new private sector jobs, 40-percent are fantasy jobs for the new start-ups that are floundering or never even existed. The US economy needs 200,000 new jobs a month, and 2.4 million jobs a year just to deal with new people joining the labor force.
Obama's Herbert Hoover mantra is just what it sounds like, a call to do nothing and let the US economy collapse. While tax receipts collapse and cities and towns lose their teachers, firemen and policemen, Obama-Nero fiddles while we burn.
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