A paltry 142,000 jobs created in September.
Per the AP, the regime has "sharply lowered its estimate of gains in July and August by 59,000. Monthly job growth averaged a mediocre 167,000 in the July - September quarter, down from 231,000 in the April - June period."
Caterpillar, Wal-Mart, ConAgra Foods, and Chesapeake Energy are all laying off.
The labor participation rate is 62.4%, the lowest since 1978.
Consider all this in context:
It seems impossible to LITD to reach any conclusion other than that the Most Equal Comrade, the comandantes of his nomenkatura, and the Freedom-Hater Party to which they all belong have a policy of hobbling America and leveling everything and everyone to a standard of mediocrity. They aim to stamp out the ambition that naturally burns in the human heart.It's fitting that we get a disappointing jobs report in the very week that the administration says it will move forward with a new ozone containment rule that the National Association of Manufacturers says will be one of the biggest job-killing regulations in American history.Obama still won't allow the Keystone Pipeline, or the exporting of oil, which would be a major job producer. He won't cut the corporate tax, or roll back ObamaCare rules hindering employment. His grandiose plans to save the planet come before putting Americans to work.
This is our enemy in the war for America's soul.
Job? Corporate America wants you as a 1099 with no bennies, not even work comp or an OASI contribution. I am doing same thing I was doing 41 years ago when I had a company car with car insurance of course, life and health insurance and a regular salary. Now I get a check for hours worked times a set hourly rate, that's it not even work comp if injured on the job. Just a gigger, for the past 12 years and even periodically before that, but I keep on keepin' on. No pensions, 401K ravaged by a market that is nuttier than a fruit cake and only propped up by government grace. Some of these corporate a-holes think they can make me pee in a bottle for acceptance too and you blame government. It is also clear that the robotization of the global workplace is accelerating. Corporate allegiance is no longer to the employee or even the customer. Livin' in a small Midwestern town that is unrecognizable from 4 decades ago as "the others" make their way in their corporate nirvana now. And your ilk blames government. Horse Hooie!
ReplyDeletePaid holidays and vacations? Forgetta bout it. You will turn my tale of truth into an infantile whine as well.
ReplyDeleteWe sure do blame government. Why do you think conditions in your field are different? Just because there's some club of insurance executives that decided, "Let's be mean to employees and see if they're still willing to work for us?" If automation can perform some functions more efficiently - and therefore more profitably - how are companies supposed to not use it and remain competitive?
ReplyDeleteYour view of all this is predicated on some weird notion that some people in this world do not have freedom of choice, when in fact everybody does (well, in what's left of Western free-market democracies, anyway). People choose to work particular places based on a sizing-up of their particular circumstances and a weighing of their options. People buy products and services based on the same principle. People start, run and own businesses based on the same principle.
ReplyDeleteGovernment interferes with this marketplace of people making free choices, thereby distorting the value of everything that marketplace produces, and the result is the crummy stats cited in the post.
ReplyDeleteIt is not predicated on anything but reality. But I knew you'd slam me. Look MFer, this situation is damned widespread over the entire American workplace. You can't make free choices when these cowardly and selfish managers all manage the same way. Sure it gets THEM results, but the vast majority suffers.
ReplyDeleteI sure would never make the decision to go to work for a cowardly and selfish manager. You wouldn't either, would you?
ReplyDeleteThere is no deciding between basically one option.
ReplyDeleteThe Hahvahd business model has screwed us all to their wall.
ReplyDeleteThe latest? Nicotene panels. Long live freedom!
ReplyDeletee are a drug- and smoke-free workplace. Prior to accepting a position offered at ASI, candidates must consent to pre-employment drug testing. Where permissible by state law, our drug testing includes a nicotine panel. Any offer of employment extended is contingent upon the results of the drug test.
Nice new building going up downtown in your little town. It is a state of the art medical clinic. Is that for all the people? No, just a certain demographic employed by a single corporation.
ReplyDeleteFormer Federal Reserve Chairman Ben Bernanke said in an interview published today that individual Wall Street executives should have been prosecuted for their actions leading up to the 2008 financial crisis, but that the U.S. Justice Department and other law-enforcement agencies focused instead on investigating or indicting entire firms. "A financial firm is of course a legal fiction; it's not a person. You can't put a financial firm in jail,” he said. “It would have been my preference to have more investigation of individual action, since obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm."
DeleteWell, thank you Ben. But why didn’t you say this at the time? (Are you saying it now because you have a memoir coming out?) You were chairman of the Fed, for crying out loud. The Fed is a major bank regulator. Your voice would have put enormous pressure on the Justice Department to go after the individuals responsible. Yet you chose to remain silent. It’s been the silence of people in positions like yours that allowed Wall Street executives to escape all responsibility for the frauds they committed, which led to millions of people losing their jobs, homes, and savings. And now that the big banks are far bigger than they were then (in 2007 they had 25% of total bank assets, now they have 44%), it’s likely we’ll have another near meltdown because no one was held responsible for the last one.
DeleteRead more on facebook page of, now you can howl and discredit the speaker: Robert Reich.
Hard leftists always try to use Wall Street to indict the free market. It's so hollow that everyone else immediately sees through it.
ReplyDeleteThank you, your comment was quite expected. Look, I've lived the prosperity, and now resent the leveling. Besides communication, what we have here is a failure to equitably distribute.....
ReplyDelete