Republicans Blocking Job Creation

Responding to the latest employment report, that 163,000 jobs were created in June 2012, the White House noted correctly that major areas of job weakness — including positions in construction and teaching — are precisely those that would have been the subject of the jobs bill proposed in 2011 by President Obama. That legislation was blocked by Congressional Republicans.

Mitt Romney responded to the July report by saying that the numbers reflect the failure of Mr. Obama’s policies when, in reality, they reflect the success of the Republican obstructionism.

That leaves the Federal Reserve to try to boost the economy. But what’s needed is direct intervention in the form of more federal spending on education, infrastructure, clean energy, basic research and job training. Until then, we’re stuck.

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In Retrospect; How Good Should It Be? US Economy Added 163,000 jobs in June, 2012

President Obama is cheering the latest jobs numbers. They’ve boosted his re-election chances now that the economy added 163,000 jobs in June. But except for Obama, who cares? Those numbers are historically pathetic. Conceded, they are better than during the George W. Bush years, but then every president’s job numbers were better except for Herbert Hoover. So let’s put those June numbers in perspective. Let’s go back in time, and we can choose any number of eras to compare to today, but I’ll just pick one.

From June 1978 to June 1979, under the brilliant Democratic President James Carter (his presidency looks brilliant compared to both Bushes and to Obama), the US economy added an average of 242,846 jobs per month in an economy that was one half the size of today, and with a population about one-half the size. The difference between then and now is simple.

The 99 percent back then earned about 92 percent of all income generated in the USA. The demand for goods and services was strong because of this. Nowadays, the 99 percent receive only about 72 percent of total national income and the demand for goods and services is correspondingly lower. The weak demand translates into pathetic job growth. Wall Street Obama and Wall Street Twit Romney know this, but both have no intention of doing anything about this.

The 1 percent have all the cash and their using it in the legislative markets to purchase laws from Obama (they hope to get the same from Twit Romney should he become president) that redistribute income from the 99 to the 1 percent, like the coming Trans Pacific Income Redistribution Trade Treaty. More on that later.

Click the link below for more on today’s jobs numbers.

Click here for more on today's job numbers–The Guardian

US Job Numbers Less Rosy Than They Seem–The Guardian UK

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Impeach Obama: He is a Class Warrior for the Rich

The economy added only 18,000 new jobs in June 2011 and that shouldn’t come as a surprise.
Nobel prize economists such as Paul Krugman and Joseph Stigletz warned that Obama’s stimulus packages were insufficient to spur serious growth in a severely wounded economy. Former labor secretary Robert Reich warned that the distribution of income had become too lopsided in favor of the rich for the economy to grow jobs.

Fool that he is, or so he appears to be, Obama ignored the people who are always right and listened to Wall Street drones like Lawrence Summers. Now with his reelection prospects dimming, Obama wants to foolishly curtail federal spending.

So is Obama stupid? Or foolish? Maybe. However, there might be a more sinister reason his legislative decisions have always favored redistributing income from working people to the rich.

The rich have been waging economic war against the middle class and the poor. They’ve been using their financial clout in government to redistribute income their way. The answer to Obama’s foolishness becomes obvious when seen through this light.

Obama decided long ago to enter this class war on the side of the rich. He’s a real class warrior—for rich folks.

The United States needs a new FDR. Obama is not that person, and he never will be. He is the wrong man for the wrong job at the wrong time.

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