White Civil Rights : The Website for Europeans and Americans Wherever They May Live

by Jeff Davis

One of the stories that has gotten little coverage lately is the true state of the economy. The New York Daily News reports: “Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%. While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession…. if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs just are not coming back.”

Nor will they. Obama is systematically destroying the private sector that creates jobs. Democrats at the state level are looking for every possible thing they can tax to make up for lost revenue. Earlier this year California passed the largest state tax increases in the history of the US. When you have thousands of businesses on the edge of bankruptcy, the last thing government should do is give them a push. The Democrats don’t understand this. They think businesses exist to pay taxes and they really don’t seem to understand that a business owner is not going to go through all the headaches of running a business if some liberal hack signs a tax increase to take away his last remaining bit of profit.

The Daily News goes on: “There’s really just one hope for our leaders to turn things around: a bold prescription that increases the fiscal stimulus with another round of labor-intensive, shovel-ready infrastructure projects, helps fiscally strapped state and local governments and provides a temporary tax credit to the private sector to hire more workers. Helping the unemployed just by extending unemployment benefits is necessary not sufficient; it leads to persistent unemployment rather than job creation.”

Creating a do-nothing government job is actually worse than unemployment; a fake job costs a lot more. Office space is needed and a computer so the new government worker can play solitaire. The states and the Feds are supposed to be repairing and maintaining our roads and bridges as part of their routine activities. The fact that any bridges collapse or on the verge of collapse is a scandal. Maybe we should take away Air Force One from Obama and sell it to the Saudis. We don’t need to subsidize Obama’s luxury travel all over the world. And Nancy Pelosi doesn’t need a private jet. These people are turning America into a Third World country. They should be flying economy class if not taking the bus.

The Daily News notes: “The long-term picture for workers and families is even worse than current job loss numbers alone would suggest. Now as a way of sharing the pain, many firms are telling their workers to cut hours, take furloughs and accept lower wages. Specifically, that fall in hours worked is equivalent to another 3 million full time jobs lst on top of the 7.5 million jobs formally lost. This is very bad news but we must face facts. Many of the lost jobs are gone forever, including construction jobs, finance jobs and manufacturing jobs. Recent studies suggest that a quarter of U.S. jobs are fully out-sourceable over time to other countries.”

The out-sourcing problem is a national scandal. The United States should have started seriously developing industrial robots in the 1970s. As robots become more and more efficient, they would eventually be able to compete with any labor force on the planet —even twenty cent per hour labor in China. American politicians used to do long term planning, but today we have Nancy Pelosi and her Botox injections and Obama with his teleprompter.

There probably will be another financial meltdown in the near future as Gerald Celente and other pundits are predicting. It’s quickly becoming apparent that Christmas sales will be a disaster. Once that realization is made, all the spin in the world won’t save Obama. It will be the Second Great Depression, and it will be here a very long time.