Sigh.
It isn't going to get any better when we have corrupt politicians like Andrew Cuomo saying rich people don't have enough say in government and pay too much in tax.
UPDATE: I wrote this post and scheduled it BEFORE the job numbers came out at 8:30 AM.
Those numbers do not give one confidence that things are turning around for the middle class:
In a jolting surprise to the economic recovery and market expectations, the United States economy added just 39,000 jobs in November, and the unemployment rate rose to 9.8 percent, according to the Department of Labor.
November’s numbers were far below the consensus forecast of close to 150,000 jobs added and an unchanged unemployment rate of 9.6 percent.
More than 15 million people remained out of work last month, and 6.3 million of them have been unemployed for six months or longer.
Private companies, which have been hiring since the beginning of the year, added 50,000 jobs in November. Most of those increases came in the form of temporary help, where 40,000 jobs were added, and in health care, with an additional 19,000 jobs.
Retail jobs declined by 28,000 in November, while manufacturing, which had showed some strength earlier in the year, lost 13,000 jobs. Government jobs dropped by 11,000 in the month.
Bad. Really bad.
But President Obama has it all figured out - he's going to freeze the salaries of federal workers and promote policies that call for teachers to be paid by commission instead of salary.
And Repubs plan a government spending freeze totally.
I bet Obama will jump on that idea and call it his own.
Yeah, that should turn things around.
Maybe that'll turn things around right back to double digit unemployment.
The word "Death" makes it sound like the result of natural causes; that's anything but the case.
ReplyDelete"Murder," "Looting," "Evisceration" are some possible alternatives that imply that human agency was involved, and that others have benfitted enormously from the ongoing demise of the middle class.