Which is to stop sending the jobs overseas. Duh. That would be the logical course of action, if the U.S. Congress actually worked on behalf of the citizenry. Obviously they don't, and therefore none of them will propose the only lasting solutions to our massive unemployment. End our destructive trade policies, restore fair trade policies and practices, invest in new sustainable industries on the domestic front (other than weapons), and sweet pygmy Jeebus STOP REWARDING CORPORATIONS THAT SEND JOBS OVERSEAS!
There. That's not too difficult, is it? It's not rocket science. And it's well within the realm of the possible. But *they* won't do it. They won't discuss it. Almost no one will mention it on the floor of Congress. Why? Why won't the people who supposedly represent our interests do the things that will lead to a reversal of our crumbling fortunes and dismal futures? Because their handlers - their actual bosses, the financial elite, the investor class, the 1% - don't want that.
The reality is that our lives are of no importance to them. In fact, we're obsolete. They make enormous amounts of money by sending our industries, our (former) work to the third world. They're profiting like never before; why on earth would they want to return to the bad old days, when profits were hampered by trade policy, by benefit packages, by paying a middle-class wage?
As noted by Paul Craig Roberts, "Most emphasis is on the lost manufacturing jobs. However, the high speed Internet has made it possible to offshore many professional service jobs, such as software engineering, Information Technology, research and design. Jobs that comprised ladders of upward mobility for US college graduates have been moved off shore, thus reducing the value to Americans of many university degrees. Unlike former times, today an increasing number of graduates return home to live with their parents as there are insufficient jobs to support their independent existence.
All the while, the US government allows in each year one million legal immigrants, an unknown number of illegal immigrants, and a large number of foreign workers on H-1B and L-1 work visas. In other words, the policies of the US government maximize the unemployment rate of American citizens."
So the politicos from both sides of our one political party hawk their "job creation" strategies, but these are simply marketing gimmicks for the msm to parrot and the drones to latch on to. If *our* representatives really wanted to create full employment, they would have done so long ago. They know damn well that it's their own policies and their own oversight failures that have created the current economy. But it works for the richest 1%, so that's all that matters.
"The most dangerous man, to any government, is the man who is able to think things out for himself ... Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane and intolerable."
H. L. Mencken, American Writer 1880-1956
Sarah Palin had premarital sex? With a Black athlete? while dating Todd? and she was all into the interracial thing at the time? and she went onafter marrying Toddyto have a real, live, extramarital affair with her hubby's business partner? Ye gods, is there more?
WHAT?! She and Todd were both coke heads?! She even snorted nose candy on an overturned 55-gallon fuel drum?!
No, this whole story just can't be true. No, it can't; but watch how many interviews she isn't going to do for fear someone will bring up the accusations. Bye-bye, viable GOP candidate Sarah. (Okay, she never planned to run for the White House. That was a Sarah Playbook standard to make money off suckers. The point is, if she pretends she's serious about a run, her most caustic critics can pretend they're serious about it, too.)
Now, let's find some hard evidence to buttress the unsupported rumors that Rick Perry has drilled his share of Texas T (that's "T" as in "Trollop").
Better yet, let's see someone have the guts to revive that old scandal from a few years ago about Michele Bachmann and another Congressman on the Financial Services Committee. That one was delicious. (I know, I know, "delicious" is applicable as long as the bag stays firmly on for the obligatory defloration scene, where Ms. Michele coos, "Why didn't my husband ever want to do this?" Inevitably, awkward crickets chirp from the Larry Craig Honorary Bathroom Stalls at the local Young Republicans Club.)
We might even hear a few words about Barry and that little tart who got sent to the islands to keep her away from the press (and, of course, Barry's wife, who doesn't strike the astute observer as being a vegetarian when it comes to young ladies making unlady-like moves on the Scrawny One).
Please, please let this be a fun presidential campaign season. America needs something more worthwhile than quantitative easing to get back on its feet.
As I noted in 2008:
A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:
"You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."
In 2009, Foreign Policy magazine ran an article entitled "The Next Big Thing: Neomedievalism", arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions....
Labor Day Has Been Rendered Completely Meaningless
As Mark Provost has points out - the rich love high unemployment. Because all branches of government and the Federal Reserve are wholly captured by the top .1% (and see this, this and this), they are not very motivated to decrease unemployment.
The "labor share of national income has fallen to its lower level in modern history ... some recovery it has been - a recovery in which labor's share of the spoils has declined to unprecedented levels."
Word on the street is that Obama's big jobs speech is going to be lame, and feature a feeble, small-in-scope plan. I'm fairly certain that this will be the case, because the repukes seem to determine everything this man says and does. So he will not offer the big action plan that's actually needed, because the petulant asswipe repug corpo-baggers won't like it - wah!
Our deep and continuing unemployment is largely the result of our government's choices and policies. It has not only allowed, it has actively facilitated the wholesale export of our industries and our production facilities to the third world (yet its members make the usual noises around election time about wanting to "create jobs"). Please. If they really wanted to create jobs, it's fairly simple - it's just that there's no political will from either party to take the actions that are required.
First of all, stop allowing corporations to profit from exporting jobs - and stop rewarding them for doing so. End the subsidies, end the tax breaks for the exporters. End or rework these destructive, grossly unbalanced trade agreements, and bring back some protectionism! No that's not a dirty word, except maybe to Wall Street. Protectionism is how smart countries operate, in order to have a functioning economy.
Invest in domestic industries! A green energy industry could create jobs galore, for example, fuel innovation (not to mention our homes), and end our dependency on fossil fuels, which are being depleted anyway and are killing the planet.
Then, create a stimulus for Main Street for once - force the banks that got billions of dollars to re-work people's messed up mortgages, so they can stay in their homes. Cancel student loan and medical debt. Give every worker who earns less than 200,000k a year a 100% refund of taxes paid for one year. Pay for it by implementing a half a cent transaction tax on every Wall Street trade, and end the Bush tax cuts immediately. End excessive tax breaks, and all tax breaks for job-exporting corporations, and that's how we pay for it.
We also can pay for an economic renaissance by ending our non-essential wars, which would be all of them, and end the tiresome "policing the world" routine, which forces taxpayers to pay for the endless manipulations of and interference in the affairs of countless sovereign nations. Affairs which are none of our business! Making the world safe for multi-national corporations is not the government's job, nor was it ever the intent of the nation's founders, who made that abundantly clear. James Madison declared that,"Of all the enemies of true liberty, war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other. No nation can preserve its freedom in the midst of continual warfare."
But somehow I don't think these ideas are the ones that are going to be proposed next week!
"The psychological toll taken by war is obvious. For the second year in a row, more active-duty troops committed suicide in 2010 (467 plus) than were killed in combat in Iraq and Afghanistan (462). A 2008 RAND Corporation study reported that nearly 1 in 5 troops who had returned from Iraq and Afghanistan reported symptoms of post-traumatic stress or major depression." Signs Of The Times