No Recovery, No Jobs, Part One
Posted by politicalpartypooper on April 27, 2010
Unemployment currently sits at 9.7%, and one in five American Males are out of work, while seventeen percent of ALL Americans are Underemployed. That’s six months or longer for unemployment news as bad or worse than this. Meanwhile, Wall Street continues to “recover”, but not for long. News of an impending Financial Sector Reform bill has traders very skittish. The Credit crisis is still very alive and very real, as small businesses all over America are having a very difficult time getting the credit they need to keep their doors open. (I’ve been saying this for eighteen months!) In the meantime, the Fed continues to lend to Giant Mega-Banks (the ones who caused the Wall Street meltdown) at zero…read that again, zero percent.
According to the Moderate Independent:
The economy is in collapse – there is no recovery. We also know why there is no recovery: A) Free trade/outsourcing has sent our jobs overseas; B) the “Big Boxing” of America has put most industries in the hands of a handful of oversized players who suck all of the money up to the few at the top, leaving the rest of the nation without the ability to earn actual livings.
Yes, there is the talk – is this recovery? You hear the insanity coming from the Obama administration – jobs will be here by Spring.
“Jobs will be here by Spring…” Remember that mantra last Fall of 2009? Recovery is just around the corner? Things will get better soon?
No, they won’t. It’s time you learned the truth. Outsourcing of good paying jobs continues, manufacturers continue to move out of the States, and our government continues to reward Corporations for moving jobs and dollars overseas, and for concentrating wealth in the hands of a few. Remember that campaign slogan “I’m going to end the tax breaks for corporations who move our jobs overseas!”? John McCain and President Obama both said it, as has every politician running for office for the last twenty years. A dash of hope followed by a whole lot of nothing. Hold them accountable!
And make no mistake here; it is the outsourcing of jobs and the tax breaks for the wealthy for keeping their money out of America that has caused the never-ending economic collapse. The only way to end it is to end outsourcing of American jobs, and to end tax cuts for people who hide American money overseas.