Welcome to the Next Great Depression

The Beast Is Starved: Welcome to the Next Great Depression
by John Atcheson
August 4, 2011

.... the dirty little secret is that we never had a debt “crisis.” We had a jobs crisis.

While Republicans were arguing about the faux “crisis” and the press and Obama joined them, we got a series of disturbing economic signals. Consumer confidence was down, manufacturing was off, May and June’s job numbers were pathetic. In fact, if not for a hiring binge by McDonald’s there would have been a net job loss in May. That’s something to hang your hat on: McDonalds accounted for what little job growth there was. What’s next, America gets saved by an uptick in Wall Mart greeters?

News flash for all the debt mongers, Tea Partiers and other assorted ignoramuses. You can’t run a consumer-based economy when the vast majority of consumers don’t have enough money to buy anything. After all, Paris Hilton can only buy so many yachts; Corporate CEOs can only purchase so many jetliners – even with their special jet tax credits; and Wall Street traders can only buy so many Bugattis. But middle and working class Americans need to spend their money on food, lodging, and other necessities.

The pieces are in place for the Plutocrats final victory … an industry friendly Supreme Court; a Democratic Party that is either in collusion with the plutocrats, or so cowardly as to be neutered; a press that reports outlandish lies and objective facts as if they were equivalent; and a public that is dazed and confused and convinced the government is their enemy.

Read the full article at:

http://www.commondreams.org/view/2011/08/04-2

MUST intervene in areas of high unemployment?!

The one they actually acknowledge and enforce is Taft-Hartley, which gives you the right to be a rightless coolie laborer without union representation.

You can read more information on this at:

http://en.wikipedia.org/wiki/Employment_Act

They say it's a spending problem. Then out of the other side of their mouth they criticize the President for not creating jobs. The lack of jobs IS the revenue problem. It's a contradiction a child can see from 1,000 miles away and yet none of the talking heads ever point it out. On CSPAN over the week-end, they had a call-in show with a Tea Party hack who once again said "we don't have a revenue problem". A few seconds later, she said we need to create more jobs to bring in more tax revenue. And the host sat by and said nothing.

that it's not the governments job to create jobs but to get out of the way and let private enterprise do it. When you tell them the banks are sitting on trillions of dollars and not investing in anyones creation of jobs, they blame President Obama and say he should "do something about it".

It's like talking to a duck, seriously.

I talked it up to people, figuring if they believed it, they would start spending money on me, and I could then spend money on their business and etc.

I never saw much improvement though. A few jobs here, more lost there, some made over there, etc.

Now, the recession didn't end. IMHO