Tuesday, September 29, 2009

The Next Great Depression Is Just Around The Corner

U.S. Job Seekers Exceed Openings by Record Ratio
Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse. Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed.

And even though the pace of layoffs is slowing, many companies remain anxious about growth prospects in the months ahead, making them reluctant to add to their payrolls.

“There’s too much uncertainty out there,” said Thomas A. Kochan, a labor economist at M.I.T.’s Sloan School of Management. “There’s not going to be an upsurge in job openings for quite a while, not until employers feel confident the economy is really growing.”

What the fuck do people expect?

The United States wilingly destroyed its manufacturing base and outsourced most of the jobs. We all can’t be cashiers at WallyWorld.

The last I heard, capitalism only works if folks got the money to buy shit. Hey, somebody tell that commie rat Marx to stop laughing.

And lately, the only thing a Visa card is good for is cutting your throat.

Maybe I’m wrong, but wouldn’t it be a great idea if this country made a serious investment in our infrastructure? Besides creating jobs, it would make me (and a bunch of other people) feel a lot better knowing the bridge I’m driving on ain’t gonna fall down.

Fat chance. If the Republicans and the treasonous Blue Dog Democrats are able to kill the public option in Obama’s timid, not-so-ambitious health care plan, did you think they’ll let keep any of his other empty promises?

No wonder my father idolized FDR. That was a president who knew how to get things done. As he told opponents of the New Deal, “They hate me, and I welcome their hatred.” Bipartisanship, my ass.

In enacting sweeping social reforms, Roosevelt was more of a gangsta than Obama will ever be.

Anyway, at least it'll be easy to find the unemployment office. Just follow the long long line over there.