Economic War Jobs

September 4, 2011


(Illustration found here).

“The economy makes it really tough right now,” said (Tyler) Mitchell.
“People say, ‘You go to college, you get a degree, you’ll get a great job.’
Well nowadays, I don’t really think that’s really the case.
You go to college, you get a degree, you get a lot of debt, and you don’t get a job.”
“I can’t get a job in the civilian world,” he continued, “somebody else wants me, so why not go with them?”
Mitchell will be a combat correspondent for the Marine Corps.
“Bottom line, I’ll get healthcare, I’ll get financial stability, I’ll get job experience,” he said.
CBS News

Oh, the twisted economic irony — in Afghanistan:

At least one in seven Afghan soldiers walked off the job during the first six months of this year, according to statistics compiled by NATO that show an increase in desertion.
Between January and June, more than 24,000 soldiers walked off the job, more than twice as many as in the same period last year, according to the NATO statistics.
In June alone, more than 5,000 soldiers deserted, nearly 3 percent of the 170,000-strong force.

Working is the real motivator for any economy.
Jobs should have been the initial issue nearly three years ago, but that’s history, and coming this week, President Obama is supposed to deliver a jobs speech — one he should have shouted out starting in 2009 and continuing up to this Labor Day — in the wake of a horrifying, descending economy, exploding into a rare no job-growth rate, and following a holiday that celebrates working.
You just can’t make this shit up.

Beyond the 9.1 unemployment rate, and no actual jobs created, there’s this: “Mass layoffs” — when employers let go of 50 or more people at one time — increased by 3 percent.
From the US Bureau of Labor Statistics: Employers took 1,579 mass layoff actions in July involving 145,000 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month…
When bookstore Borders closed this summer, more than 10,000 US peoples where on the street, suddenly not working.
Pink slips abound — In July, the number of job cuts increased by 60.3 percent  — approximately 66,414 jobs — compared to the previous month (from BusinessInsider), and those terminations came from familiar names, like Sears, with 700 let go, or Delta Airlines, 2,000 dumped.
And, in the way of these times, financial villians, Goldman Sachs, has pink-slipped 1,000 US peoples, but have plans on hiring 1,000 new employees for its Singapore office…
And, so it goes…

Worse still are the young — the future working peoples — if in that 16-to-24-year-old age bracket, the unemployment rate is double the national average, at 18.1 percent.
And it could be unusually bad: Labor specialists are alarmed, though, by how high the unemployment rate has risen for that age bracket — and remained so for the third year in a row.
And again to the US BLS: The better-educated peoples are finally seeing a recession — the unemployment rate for those with a bachelors or better rose to 5 percent in August, up from 4.7 percent in July.
Hence, military recruiters are much happy.

And with Obama’s so-called jobs speech — he can’t even muster enough moxie for a good time to give the speech — the problem at this point might be beyond any new-big deal he could put together.
From McClatchy Newspapers:

The White House says there are some steps the executive branch can take without congressional approval, but independent analysts — even those who are pressing Obama to make an ambitious case in his address Thursday for a sweeping job-creation package — say the magnitude of the nation’s problems is so large that it’s beyond anything the executive branch can do on its own.
“I know it’s tempting to look for a man-on-a-white-horse response to this situation as a way out of the gridlock between the two parties … but we have to solve this as a country,” said William Galston, a former policy adviser to President Bill Clinton and a senior fellow at the Brookings Institution, a center-left policy research center.
Galston said presidents had executive power they could use to “speed things up or slow things down” within existing programs, “but if you try to do things that go beyond what Congress has authorized, particularly right now with the partisan polarization so intense, I don’t think it would get very far.”

“The best thing he could do is to explain how serious the crisis is, that we’re on the precipice of a decade-long calamity,” said Len Burman, a tax official who served in the Treasury Department under Clinton and co-founded the Tax Policy Center in Washington.
“He should explain the severity, and that because of that, the economy needs extraordinary measures.
This is a classic situation where government needs to spend to make up for the lack of demand in the economy.”

Obama hasn’t a clue.
And he’s got to contend with those tight-wadded, no-spend, all-slash GOP.
If he don’t get some grit, start acting instead of talking, he might be getting a new job next year himself.

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