What is amazingly pathetic is that when you listen to the basic news reports, especially on raido, they highlight on
- "96 K jobs created. Not great, but positive".
- Unemployment fell from 8.3 to 8.1
Many will not say that the economy needs about 130K just to absorb population growth, or that the anomaly of the decrease is actully due to 368 K being eliminated from the count of those seeking work. aka "Obama jobs" ..... "poof".
Yes, the survery -- the bare tip of the tip of the iceberg.While the unemployment rate dropped to 8.1 percent from 8.3 percent in July, that was because so many Americans gave up the hunt for work. The survey of households from which the jobless rate is derived actually showed a drop in employment.
The gigantic mass of silent desperation underneath, the true un- and under- employment rate around 15%, still continues as the deadweight that could drag us down into a depression any "yes it can" day.
And because the count of Americans who gave up looking is only about 60% of the actual, the actual who simply disappear into homeless transientness where they can no longer be reached by phone for the survery, the real problem is, oh yes, most definitely larger than 15%.
All political candidate pandering aside, until out-sourcing to wage-slaves abroad and in-sourcing of illegals is actually addressed in Washington, you have to be smoking something to think we're going to be getting our jobs back any time soon.
And yes, that 130,000/month jobs increase we need merely to keep up with the increase in new people over those dying/retiring, even that isn't happening.
I wonder how long it will be before the whole of Americans wake up to realize that as long as American politicians keep idealizing the "global economy", the "global economy" which is merely a sugar-coated euphemism for wage-slave workers in a borderless countryless world, there is simply no hope for the return of the once-valued American standard of living, as we instead continue to trade our jobs to third-worlders for their abject poverty import to America.
Whenever I hear a politician, a candidate, any government official say something "nice" about the "global economy" or that we must strive to "compete" in it and the like ..
.. I know that's someone who will never get my vote ..
.. For however long the "global economy" allows Americans to continue voting.
When the election is over and we open our eyes, it will sadly be too late to wonder what the hell just happened.
On the good side, at least we got one more statistic that points to the 1980sOriginally Posted by http://www.businessweek.com/articles/2012-09-07/weak-jobs-report-shows-obamas-long-road-ahead
However, as Romney has pointed out, there is one absolute place to start. Basic, cost efficient Energy. The old-fashioned kind. His call is for first a North American energy independence (Canada, US, Mexico), and then more a US independence. There absolutely is a demand. It absolutely will be consumed. One need look no further than North Dakota right now. 2.9% unemployment. And more conversions from coal/oil to gas.
But your post is spot-on regardless.