Nearly 700K jobs LOST in December
I remember the Bad Old Days, in the first term of the Bush Trainwreck...the story was something like this:
Would Bush's handling of the economy result in a net loss of jobs for his first four years? The first time ever, since Herbert Hoover?
The economy and the weekly jobs reports raced to the finish line. And, just in time for his second Inauguration, the December jobs report conveniently put him in the PLUS side, at the rate of a few hundred thousand jobs (Never mind that most of those December jobs were, as usual, part-time temporary seasonal jobs). He presided over nearly four (?) million jobs lost in the Internet bubble, and in the aftermath of 9-11.
All those magical tax cuts were supposed to provide a free market plethora of millions of NEW jobs. But in reality, the Bush economy barely managed to break even and get the people back to work who'd LOST their jobs. Atrios did a fine job of keeping track.
Today, this week's jobs report is whispered to contain a staggering loss of 693K jobs lost--IN ONE MONTH. Over two-thirds of a MILLION people, freshly unemployed.
Today, this week's jobs report is whispered to contain a staggering loss of 693K jobs lost--IN ONE MONTH. Over two-thirds of a MILLION people, freshly unemployed.
Wow, man. That's not good. But then again, it's exactly what I expected from the MBA President...
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More than a million out of work over a couple of months and millions thrown out of their homes in 08.
I want those in power punished. I want their homes taken away and their bank accounts emptied.
I want the corporate managers prosecuted. I want them replaced with other people who will be told that there are limits on what they can pay themselves.
I want stock handed over to the government and liens on everything of value.
January 7, 2009 7:25 PM | Reply | Permalink
Sounds like socialism to me, dickday. It's almost like we have an ugly choice: 'Socialism', or legal piracy/kleptocracy. Isn't there something in the middle somewhere? Or are we doomed to live in a never-ending era of New Feudalism?
As Pearl Buck wrote in The Good Earth: This is what happens when the rich get TOO rich. When that happens, the poor storm the palace, baby.
We will avoid that, Koresh willing. But no thanks to the criminals currently serving in the White House.
January 8, 2009 10:05 AM | Reply | Permalink