Rush Limbaugh Refuted


 

I found this on Facebook and I am delighted to put it on my blog for you to see. Rush Limbaugh is not alone in this kind of talk. I have seen a great deal of criticism aimed at the protestors alleging everything from rats and drugs to public sex. This defamation is an attempt to discredit the movement while avoiding talking about the very serious issues that these protestors are raising. I don’t like it. It’s not fair. Although, it is exactly the response I expected from much of our beltway media.

We need change and we need it badly – not just on Wall Street but in the media as well.

James Pilant

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PROOF that tax cuts do not create jobs: Bush’s decade was a lost decade for U.S. economy, workers (via Under the Mountain Bunker)


I always thought that once supply side economics failed in the 1980’s, the idea would be dead. That was a major miscalculation on my part. The idea that cutting taxes raises revenue is so much fun for some people, that facts do not inconvenience them.

James Pilant

PROOF that tax cuts do not create jobs: Bush's decade was a lost decade for U.S. economy, workers From the Washington Post: There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well. Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 — and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade … Read More

via Under the Mountain Bunker

Heritage Foundation’s Report Lacks Real Information (via Colloquial Usage)


I was appalled when I read the Heritage report. Apparently if your children have video games and you can afford a fridge, you really can’t be in that much economic distress? How weird are these guys? I appreciate this take down of their case that appliance ownership negates economic insecurity.

James Pilant

Heritage Foundation's Report Lacks Real Information What is Poverty? a new report by The Heritage Foundation, has been getting a lot of press this week, first from Fox News and then from The Colbert Report. In fact, a link to the report was the first item that came up this morning when I searched for the term “poor in America” on Google. According to the abstract, the report's aim is to address the following problem: Exaggeration and misinformation about poverty obscure the nature, extent, and cau … Read More

via Colloquial Usage

On Unemployment (via The essence of mathematics is its freedom)


In this articles, a British student thinks about the job market and the unemployed. This guy thinks his own way based on the data before him. In my opinion as an instructor, he may not make a lot of money, but he will spend his life in the world of ideas with a mind never subject to boredom because of inaction. He will live a life rich in thought and deed.

Maybe, just maybe, he hears the music of the spheres.

James Pilant

Firstly it isn't always obvious whether or not technology is a good thing. Tale of two countries the divide between Silicon Valley and the rest of America I came across the above article from Hackers News,and it got me thinking about disruptive technology and its effects on workers. Recently in a conversation with a close friend, he was annoyed at me when I pointed out I could using Maths probably get a job easily once I graduate. With the blend … Read More

via The essence of mathematics is its freedom

When there are no good jobs left in America, there will be no middle-class (via Under the Mountain Bunker)


The job situation in America is a great moral and ethical question.

Over the past three decades, jobs have been exported, eliminated or converted downward into low pay service or part time jobs. This has enriched a small number of Americans – the top one percent of the population now controls 42.7 percent of the financial wealth of the nation – the top ten percent have 93 percent of the nation’s wealth.

The result – – the bottom 90 percent of the American people own 7% of the nation’s wealth.

If globalism and free trade are inevitable. If the free market is the best method of determining economic results, then a continuation of this is all that awaits us.

Americans are handicapped when it comes to having jobs in a world wide market. Americans have roads, bridges, police, fire departments, educational systems and an extensive military. These require taxes. Corporations have no desire to pay taxes and so they go to countries who have favorable tax laws or are willing to forego taxes for the jobs shipped there. Americans tend to be well educated and middle class. This means they will not work for 75 cents an hour and expect to be treated with some respect while having a high survivability on the job. This is inimical to the interests of corporations. It is easier to manipulate and use poorly educated people with no social standing. Safety costs money and killing Americans draws attention while dead foreigners are less of a problem. Americans live in a nation that has laws. Corporations do not want laws restricting their activities and they absolutely do not want to be prosecuted for their crimes.

So, if globalization and free trade are inevitable all we have to do to compete in a global economy is to give up way of life and gradually drift downward in our standard of living but only for the bottom 90%.

Is this a moral outcome?

Are the citizens of the United States similar to bacteria on a slide under a microscope? Do they deserve that level of analysis? .. the cold powerful corporate intellect realizing that a dash of penicillin could clear the way for new corporate profits?

Or do human beings have souls? Do Americans have a duty one to another? Do companies organized and financed in this nation bear a responsibility for their economic decisions?

There are things like justice, honor and duty. These are a joke in the world of the international corporation. I don’t believe these ideas draw laughter among the general population.

James Pilant

From Business Insider: 40 Facts That Prove The Working Class Is Being Systematically Wiped Out. Here are 10 of the 40 facts: #9 — Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history #10 — During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years #11 — The number of “low i … Read More

via Under the Mountain Bunker

Outcasts: Tonight Tens Of Thousands Of Formerly Middle Class Americans Will Be Sleeping In Their Cars, In Tent Cities Or On The Streets (via Evil of indifference)


The Middle Class is shedding population. People leave for many reasons. But in the last few years, off shoring, foolish trade agreements, corporate financial speculation and a government little concerned with the plight of average wage earners, has parsed the Middle Class without obstacle.

I agree with the blog post below.

James Pilant

“Economic despair is beginning to spread rapidly in America. As you read this, there are millions of American families that are just barely hanging on by their fingernails. For a growing number of Americans, it has become an all-out battle just to be able to afford to sleep under a roof and put a little bit of food on the table. Sadly, there are more people than ever that are losing that battle. Tonight, tens of thousands of formerly middle class … Read More

via Evil of indifference

Jayaraman Rajah Iyer comments on “Offshoring has Destroyed the US Economy (via Suzie-Q’s Truth and Justice Blog)”


Jayaraman Rajah Iyer walks his own path and has his own thoughts. Here’s what he things about the afore mentioned post –

Dear JP

US has created a bubble of its own, not just a furious-attack as Krugman says [from WP on the bubble..the response of the right was a furious attack; basically, it was politically incorrect to raise any question about the glorious Bush boom.] but a piranha syndrome on any one who talks against cap… before the ism is even completed, by US – .com, .gov, .edu, .org, in one voice by the dots that stand disconnected otherwise. US.ppl stands completely alienated. An idea when turned over, through a maze of analysts before considered by the CEO led team of experts at a Camp Goliath or some such resorts the incremental cost of the idea is so prohibitive in comparison to the corresponding benefits, that it is thrown in the dust bin. US has expended itself out. No country in the world can afford US Model.

Andrew Comments on “Offshoring has Destroyed the US Economy (via Suzie-Q’s Truth and Justice Blog)”


Andrew often comments on my posts and always has something interesting to say. –

In a lot of cases, the jobs that are going overseas are NOT in job fields that have a shortage of workers. You mentioned manufacturing. Thats the big one.

This is speculation, but I think that outsourcing jobs has actually created a lot of the worker shortages in particular job markets.

My generation, while growing up, was constantly bombarded with this idea that if you did not go to college, then you wont be successful. I think this mentality was partly due to our parents generation seeing those high school level jobs (manufacturing, customer service, technical support, etc) being sent overseas and they wanted to steer their children away from having to look for those types of jobs. An unfortunate biproduct of that panic is that, with everyone going to college, the value of the college degree has fallen. Another consequence is that people, generally, arent interested in going into a skilled labor field (carpenter, welder, electrician, etc.) because they’ve been told over and over again that you need college to be successful. This is CREATING that shortage that proponents of offshoring cite to justify their actions.

Offshoring has Destroyed the US Economy (via Suzie-Q’s Truth and Justice Blog)


That this actually controversial is astonishing. Nevertheless, you there are countless web sites that argue that offshoring was good for everybody.

Despite it’s negative image in first world countries such as the U.S., offshoring has proven to be beneficial to both the business owner and the country where the services are culled.

I think that this issue is much more of a political issue than a job issue. Jobs exist in the United States. In many fields there are shortages of workers. The offshore resources are filling that shortage in some cases. In other cases companies are saving money by using cheaper resources. By saving money, they are making more which is profitable for their shareholders. Who are their shareholders? Probably each and every one of us. Remember your retirement account?

Then, on Feb. 9, the White House released its annual Economic Report of the President. Buried deep on Page 229 of the report was a paragraph noting the growth of offshore outsourcing by U.S. businesses and suggesting this was basically no different from other kinds of international trade:
“The basic economic forces behind the transactions are the same… . When a good or service is produced more cheaply abroad, it makes more sense to import it than to make or provide it domestically.”

I teach college, specifically business law. When my class began to fill up with former manufacturing workers desperate for some kind of work or work related opportunity, I couldn’t help but notice those were the kinds of jobs that made this community, the jobs that made America. It was those jobs that were leaving.

I’ll let the article make the rest of the argument.

James Pilant

Offshoring has Destroyed the US Economy Nobel Economist Michael Spence Says Globalism Is Costly For Americans Dr. Paul Craig Roberts | Global Research | May 31, 2011 These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at … Read More

via Suzie-Q’s Truth and Justice Blog

Is America in a Recession or a Depression? (via Annabel’s Odyssey)


I think this is a wonderful question.

What is this? I have heard the term, “The Great Recession.” I prefer what I have called, “The New Great Depression.” But I freely admit it doesn’t have much ring to it.

In any case, this is a good article. I recommend you read it.

James Pilant

Is America in a Recession or a Depression? In the hostel in Madison late one night a few of us were talking about the affairs of the day. I brought my reason for travelling-that is, documenting the depression in America. I was then asked “why do you think this is a depression?” I realized somewhat sheepishly that I have never publicly defended this point of view. So I will now. The availab … Read More

via Annabel’s Odyssey