The Myth Of A ‘Skills Gap’ And Our Phony ‘Education Crisis’

By: Monday March 31, 2014 10:14 am

Ask a Neoliberal why trickle down economics is not working in America and there are a few standard excuses offered. The excuses range from the fringier “inner city people are lazy” to the boilerplate “government is distorting markets” to the more establishment friendly “it’s a lack of education.” Let’s put racial dog whistles and reactionary [...]

Maintaining Nuclear Arsenal To Cost $355 Billion

By: Thursday December 26, 2013 8:23 am

As unemployment benefits are set to expire Saturday for 1.3 million Americans the Congressional Budget Office (CBO) has produced an estimate for the costs of maintaining and modernizing America’s doomsday weapons – $355 billion. In these times is there a more telling comparison? Over one million Americans are casually tossed into the pain of poverty [...]

As Unemployed Lose Benefits DC Enjoys A Wonderful Year Of Patronage

By: Tuesday December 24, 2013 10:20 am

Thanks in part to the war economy give away/Ryan-Murray budget, the long term unemployed have lost their benefits and been left out in the cold this holiday season. Perhaps sometime next year they will get some of their benefits back though that may be too late to save them from the poverty they live on [...]

Extended Unemployment Benefits End January 1

By: Tuesday December 3, 2013 6:00 am

Lost in the drama in DC is that many of the programs being cut or eliminated affect real people. One such program is extended unemployment benefits for the long term unemployed. While Wall Street has rebounded the economy for the 99% remains depressed and stagnant. Extended unemployment is all that is keeping some families from [...]

80 Percent Of Americans Near Poverty As Obama Laments Less Mobile Society

By: Monday July 29, 2013 6:56 am

According to a new survey made available to the Associated Press, 80 percent of U.S. adults struggle with poverty and diminished opportunities. An amazing statistic given America’s position as the richest country in the world and a thorough reality-based indictment of the American Dream mythology.¬†A reality even President Obama, a skilled politician at preying on [...]

Second Largest Employer In America Is Temp Agency

By: Tuesday July 9, 2013 10:01 am

If we keep saying recovery over and over again, maybe it will become true. Until then the facts are harsh. The job market is atrocious with most Americans coming off the unemployment rolls by either giving up working or taking low-paying part time and temporary jobs. This phenomenon is perhaps best exemplified in that the [...]

Unemployment Rate Remains At 7.6%

By: Friday July 5, 2013 6:43 am

According to the report by the Bureau of Labor Statistics the official unemployment rate remained at 7.6%. In some quarters the report is seen as good news despite the rate stasis because private sector job growth increased by 202,000 as government jobs decreased by 4,000. Unemployment steadied at 7.6 percent for the month, as nonfarm payrolls [...]

Mixed Employment Report As Austerity Cuts Await

By: Friday February 1, 2013 7:58 am

Today’s unemployment report shows America still has a weak economy as it moves towards growth killing austerity cuts by Congress. In January the private sector expanded by 166,000 jobs with government shedding 9,000 jobs for a net gain of 157,000. The official unemployment rate rose to 7.9 percent. Factoring in the loss of middle class [...]

We Have an Unemployment Problem, Not A Deficit Problem

By: Wednesday December 12, 2012 2:10 pm

The good news is that the Federal Reserve vowed to keep interest rates low until unemployment fell below 6.5%. The bad news is that they implied it would take until 2015 to get there. And it will take that long, if we continue to pull back on fiscal policy in the middle of a lukewarm [...]

Fed Announces Game-Changing Inflation and Unemployment Targets for Monetary Policy

By: Wednesday December 12, 2012 10:45 am

The Federal Reserve adopted an innovative tactic in its latest Federal Open Market Committee report. Instead of merely identifying a target federal funds rate, or giving guidance that rates will remain low for a certain period of time, the Fed now specifically targeted both an unemployment rate and an inflation rate, and said that their [...]

The Continuing Crisis of Long-Term Unemployment

By: Friday December 7, 2012 9:15 am

As we gaze at today’s payroll report, it’s worth pointing out how government policies have improved the numbers in relative terms. Not by putting more people back to work, but by putting more people into the uncounted shadows: During a press conference demanding unemployment insurance be part of a fiscal cliff deal, Chuck Schumer noted [...]

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