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War on Labor — 1 Comment
10
Jul 12

Obama’s record on outsourcing draws criticism from the left

The left from time to time shows some intestinal fortitude in speaking out against this fraud in the White House. Obama has gotten away with deceiving his supporters and party because of this notion that he is the lesser-of-two-evils. When in fact he is a pawn of the 1 percent. But it is still an uphill battle since so many can’t break away from the propaganda that Democrats are better than the Republicans:

While White House officials say they have been waiting on Congress to act, Obama’s critics, primarily on the political left, say he has repeatedly failed in other ways to protect American jobs from being moved overseas. They point to a range of actions they say he should have taken: confronting China, reining in unfettered trade and reworking a U.S. visa program that critics say ends up sending high-tech jobs abroad.

[...]“I think he has walked away from the campaign commitments,” said Scott, the institute’s director of trade and manufacturing policy research. “He has done far too little to improve U.S. trade.”

According to a study by the U.S. Bureau of Economic Analysis, large American companies in 2010 barely added any workers in the United States, increasing their numbers by 0.1 percent, while they expanded their foreign workforce by 1.5 percent. That was business as usual — between 2004 and 2010, the bureau reported, foreign affiliates hired 2 million workers while 600,000 were added by the companies at home.

Full article

Economy — No Comments
07
Jul 12

Unemployment Rate Among African-Americans Rises Sharply to 14.4%

While the unemployment rate stayed unchanged, that of African-Americans rose dramatically. It is now almost double that of Whites. Sadly blacks will vote overwhelmingly for Barack Obama. This despite being betrayed for almost 4 years by this President. They believe that Obama is looking out for them. It’s not true. This President is like all the other politicians–black and white–who only look out for their corporate masters:

One of the most jarring figures in the labour statistics is a rise in unemployment among African Americans, from 13.6% to 14.4%, double the rate for the white population.

The proportion of white Americans out of work was static at 7.4%, and while the jobless rate for Latinos remained high at 11%, it too was unchanged from May.

Economy — No Comments
26
Mar 12

Bernanke says US job market weak despite gains

http://www.denverpost.com/business/ci_20256880/bernanke-says-us-job-market-weak-despite-gains?source

Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost growth. Further job gains will likely require more robust consumer and business demand, Bernanke said Monday during a speech at the National Association for Business Economics spring conference in Arlington, Va.

Failed Two Party System — No Comments
20
Mar 12

Many recent vets face another battle: Finding a job

They serve their country and this is what they get. And it’s bi-partisan:

The job market in this country has been gradually improving, except for some veterans: A new report finds that the situation has actually gotten a little worse for recent veterans who are trying to find work.

The unemployment rate for veterans who have served since Sept. 11 was 12.1 percent on average in 2011, according to a government report released Tuesday. That’s slightly higher than in 2010, when the average unemployment rate for the year was 11.5 percent.

That’s the opposite of how it is for nonveterans. The unemployment rate for nonveterans averaged 8.7 percent in 2011, down from 9.4 percent in 2010.

Full article

Economy — No Comments
10
Mar 12

CHART: How Public Sector Layoffs Are Holding Back The Recovery

That was the biggest mistake of all. The key to economy recovery is people being employed. The greatest stimulant to the economy should have been to prevent layoffs rather than having bailed out Wall St.  Some of those bonuses given to those whom almost destroyed the economy should have gone to pay public employees:

The current economic recovery is going well if one looks at private sector job creation. The pace of private sector job creation is slower than in the recovery from the early 1990s recession, but it’s about the same as it was during the economic recovery in the early 2000s. In the first two years of both the current and early 2000s recovery, employment grew by 3.7 percent.

But since early 2009, governments at all levels have shed nearly 700,000 jobs, most of them at the state and local level. Since August of 2008 state and local governments have shed a total of 647,000 workers, of which 64 percent, or 416,000, were women workers.

Source: Think Progress