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Obama’s Vision versus Economic Reality

Fri, 09/21/2012 - 11:12 — Dave Culver
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Government & Politics

  • Workers must fight back in massive demonstrations to demand a federal jobs program and a consequent strengthening of the public sector, lest their issues be completely ignored in a national election that is promising them nothing.
  • Tracking the Recovery after the Great Recession
  • What Obama Has Wrought
  • Betrayal and the Insidious Dumbing Down of Black America

Shamus Cooke, Workers Action

Submitted by Evergreene Digest Contributing Editor John Stoltenberg

September 8, 2012 | It took less than 24 hours for Obama’s “inspiring” convention speech to be smothered by the reality of the job crisis. The August national jobs report showed that the U.S. economy failed to create enough new jobs to keep up with population growth. More importantly, in August 368,000 Americans completely dropped out of the labor force, meaning that they’ve given up looking for a job (this ironically “lowered” the unemployment numbers, since demoralized workers aren’t counted in the official rate).

Most of the jobs created in August were low paying, such as retail, hotel, and restaurant jobs. Higher paying manufacturing and government jobs were once again cut by the thousands. These statistics are in line with Obama’s tenure as president and will continue if he is re-elected. In fact, they are the result of a conscious policy that he is pursuing in the interests of the profits of big business, who are demanding lower wages from workers. As Obama has repeatedly said, the government is not in the job-creating business.

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Related:

Tracking the Recovery after the Great Recession, National Employment Law Project (NELP)

  • NELP is conducting on-going research to track the current recovery on multiple dimensions, including unemployment, wages, and occupational and 
industry growth patterns.
  • What Obama Has Wrought, Glen Ford, Black Agenda Report
  • The Obama’s are a global capital-loving couple, two cynical lawyers on hire to the wealthiest and the ghastliest.

Betrayal and the Insidious Dumbing Down of Black America, Larry Pinkney, Black Commentator
The black intelligensia knows full well that the current political skirmishes between Barack Obama and Mitt Romney are nothing more than a well-perpetuated, systemic farce.
 

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