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Double-dip recession face of Barack means more generic peas

Enjoying what passes for a recovery, when stimulated by ObamaDems?

If so, you must be a teacher or other union represented government employee. The rest of us are still choosing the generic peas over the 10 cents higher Le Sueur brand.

Former Clinton labor secretary Robert Reich hasn’t a clue on how America could recover, but the student then Yale professor Robert Bork said was the finest during Bill and Hillary’s Eli matriculation does understand the economic reality:

Why are we having such a hard time getting free of the Great Recession? Because consumers, who constitute 70 percent of the economy, don’t have the dough. They can’t any longer treat their homes as ATMs, as they did before the Great Recession.

Businesses won’t rehire if there’s not enough demand for their goods and services.

Reich, who did a good job in public service, pines like Obama and the Clintons (to varying degrees) for the confirmation of their liberal Utopian ideas and policies. But tempering Reich’s liberal religion is his economic education, heart for actual unemployed and underemployed people and desire to remedy the suffering:

We’re falling into a double-dip recession.

The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth.

In other words, the labor market continues to deteriorate.

The average length of unemployment continues to rise — now up to 34.4 weeks (up from 33 weeks in April). That’s another record.

More Americans are too discouraged to look for a job than last year at this time (1.1 million in May, an increase of 291,000 from a year earlier).

Of the small number of jobs created by the private sector in May, many came from temporary help services.

Which is one reason why the median wage continues to drop.

It is no secret how government policy can foster private sector economic growth and the creation of real jobs. Coolidge, JFK, Reagan, Newt-Clinton and Dubya showed us the way with supply side tax cuts and de-regulation of business.

The only jobs saved and created by Barack’s first $800 Billion were state and local government jobs that should have been subjected to budget-cutting scrutiny and the federal bureaucracy. (I have favored unemployment extensions as appropriate in this great recession).

Government employees union protection plan or Second ObamaDems non-stimulus bill

Now he wants federal taxpayers to pay for another year of  “emergency” funding to save state and local “teacher” jobs, when what we learned here in Georgia is that the only education workers that get fired are janitors. The glorified paper-pusher “administrators” of political correctness that are too exalted to wipe kids’ noses or teach, are safe, stimulus or no stimulus.

Two Americas: government union and the rest of us

Under ObamaDems in DC, every major piece of legislation included favors for unions at the expense of the rest of us, above and beyond the General Motors bailout.

Happy days never seem to end for those Obama favors, though in New Jersey $86K/year union  ”teachers” threaten a real, conservative budget-cutting Governor Chris Christie-alization with e-mail death threats, yet keep their jobs. Could Greece be far ahead for these spoiled brats taxpayers hire?

As for the rest of us, Greece seems to be here, especially given additional data:

Don’t ObamaDems understand that the prospect of repeal of the tax cuts has discouraged investors since the Democrats took control of Congress after the 2006 election and that this year’s extension didn’t help since it was done at the last minute with the prospect of repeal simply delayed for 12 months?

They know, and after watching my former party advance known-failed policies for decades, I have concluded that elected Democrats in Washington simply DON”T CARE about the poor and lower income families.

Heck, they won’t even mobilize beach clean-ups until the oil sh*t hits the strand.

The double-dip is upon us. Hope you all enjoyed the Obama boom years…er year.

[Originally published at Many Faces of Barack and TMR]

Mike “gamecock ” DeVine’s Charlotte Observer and Examiner columns

“One man with courage makes a majority.” – Andrew Jackson

www.devinelawvista.com

COMMENTS

  • lineholder

    they discourage independence, which lets them “be in control” which is what they want in the long run…and they really don’t care whether we the people suffer for it or not because they see self-sacrifice in this really distorted context of a character strength, even though self-sacrifice that is imposed on a society of people isn’t the same as having a society of people choose on their own to sacrifice some luxuries from their lives.

    It’s this whole dumb “martyrdom complex” that they see as being “noble” that they are trying to “instill” in our society by use of “behavior modification techniques”.

  • http://www.dcworksforus.com Kenny Solomon

    The Jihadist At 1600 backs lifting ban on commercial whaling.

    http://www.foxnews.com/politics/2010/06/05/obama-backing-deal-lift-global-ban-commercial-whaling

    Environmentalists, already peeved with the administration?s handling of the Gulf oil spill, are accusing President Obama of breaking his campaign pledge to end the slaughter of whales.

    === === === === === ===

    Nuke The Whales !

  • Flagstaff

    First. Of course Obama wants to lift the ban–it was supported by Ronald Reagan so it must be wrong.

    Second. Could it have anything to do with the possible need to sell government bonds to Japan soon?

    OK, third. Could Tipper have suggested it in order to open up hunting on the AlgOrca species?

  • Flagstaff

    to where we were a year ago.

    Put the money in the hands of the people, sort of.

    Actually, he’s still a befuddled liberal, because he still wants the federal government to give money to state and local governments, which just increases or inflates their size.

    The answer last year was to grant a moratorium on all SocSec taxes. That would have put money directly into the hands of the people who could have spent it most wisely to keep the economy running.

    Also, cut income tax rates back to Reagan’s lowest rates.

    Finally, DON’T CREATE NEW MULTI-TRILLION DOLLAR GOVERNMENT PROGRAMS, and DON’T HIRE NEW GOVERNMENT WORKERS.

    Had we done all three of those, my guess (I haven’t looked at the numbers) is that we’d still be far better off debt-wise than we are now, and the economy would be in much better shape than it is now. And our future would be brighter, because we’d have a budget that has some possibility of meeting its “payroll.”

    ARE YOU LISTENING, REPUBLICANS?

  • Flagstaff

    Not Ronald Reagan.

  • http://www.examiner.com/x-1597-Charlotte-Law--Politics-Examiner Mike gamecock DeVine

    He’s been very good on assessing the reality and predicting the ongoing anemic economy.

  • http://www.examiner.com/x-1597-Charlotte-Law--Politics-Examiner Mike gamecock DeVine
  • http://www.examiner.com/x-1597-Charlotte-Law--Politics-Examiner Mike gamecock DeVine
  • http://www.dcworksforus.com Kenny Solomon
  • acat

    Now, how do we get him to spread the knowledge around?

    Not that I agree with him – used to hear his opinion pieces on NPR in between Car Talk, Wait Wait, Don’t Tell Me, and This American Life – back when I was still recovering – and I think he’s a clear kool-aid drinker on most issues, but .. he is somewhat sane.

    Gives me hope that the Repubs may have a reasonable facsimile of a “loyal opposition” …

    Mew

  • http://andrightlyso.com/ civil_truth

    Both have the same probability of existence, I would venture.

    Maybe it’s more like Reich has opened the door and discovered a hurricane blowing outside. It’s “now what?” season for him.

    Whereas his colleagues are looking at the online weather report from their echo chambers, which report that all is calm, instead of checking outside.

  • acat

    Underestimation leads to defeat. Overestimation just leads to a surplus that can be sold off after the victory. (grin)

    It will be interesting to see whether Team Obama can silence him.

    Mew

  • drothgery

    … if the non-dip portion of the economic growth curve was entirely smoke and mirrors?

  • http://www.examiner.com/x-1597-Charlotte-Law--Politics-Examiner Mike gamecock DeVine
  • http://www.examiner.com/x-1597-Charlotte-Law--Politics-Examiner Mike gamecock DeVine

    honest to deny it. He knows there isn’t enough money in peoples’ pockets and no prospects for profits that would cause banks to lend to business. We are in a real rut.

  • http://www.examiner.com/x-1597-Charlotte-Law--Politics-Examiner Mike gamecock DeVine
  • Flagstaff

    He recognizes there is a problem. (sane)

    He still believes that statist solutions will solve it. (insane)

  • acat

    (null)