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In reply to the discussion: CNN layoffs [View all]
 

BlueStreak

(8,377 posts)
28. Ultimately almost every Republican policy leads to Cheap Labor as the central issue
Sat Apr 5, 2014, 06:51 PM
Apr 2014

They can get away with treating workers like cattle as long as the actual unemployment rate is abut 12%. That guy who worked on your computer is functionally unemployed, but not according to the widely reported unemployment rate. That rate is completely useless. The rate you need to look at is called "U6":



That one catches all the people who are forced into part time or employed way below their skills. It doesn't include those who are completely outside the work force, and that number is even high of course. But U6 gets all those who are actively trying to hold down a job.

And notice what it tells us. It tells us:

a) Contrary to what 90% of the "experts" and 99% of the media tells us, this recovery is actually stronger than the past 2 recoveries

b) The issue is not the strength of recovery. The issue is just how badly the economy was screwed by the Bush meltdown.

We needed a New Deal and we got a package of timid stimuli together with a bunch of counter-productive tax cuts to placate Republicans who didn't even vote for it anyway. If Obama would have done the full $700Bn in stimulus, we would be close to that historic 7.5% number today. That is the point when workers have some leverage, and the Republicans (and sadly many Democrats too) will fight like crazy to make sure we NEVER get back to that point.

CNN layoffs [View all] DesertFlower Apr 2014 OP
edit watchingoveryou Apr 2014 #1
why? DesertFlower Apr 2014 #2
Edit watchingoveryou Apr 2014 #3
i changed it to "friend". DesertFlower Apr 2014 #5
I would , I'm editing what I posted watchingoveryou Apr 2014 #6
thanks. nt DesertFlower Apr 2014 #7
No problem watchingoveryou Apr 2014 #9
Until people realize that folks like Koch, Adleson, and the CEOs they sponsor kelliekat44 Apr 2014 #4
i had a guy over the other day to fix my computer. DesertFlower Apr 2014 #8
Ultimately almost every Republican policy leads to Cheap Labor as the central issue BlueStreak Apr 2014 #28
By the numbers BlueStreak Apr 2014 #30
There has been no job recovery. former9thward Apr 2014 #35
That is just not true BlueStreak Apr 2014 #37
It is true. former9thward Apr 2014 #38
Read your own quote. Is is about seniors. BlueStreak Apr 2014 #39
You are looking at it like the government wants us to look at it. former9thward Apr 2014 #41
You can say there hasn't been ENOUGH improvement. You can say employment situation is UNACCEPTABLE BlueStreak Apr 2014 #42
It's certainly not getting better watchingoveryou Apr 2014 #11
Not just this country - TBF Apr 2014 #19
Been saying this too. It has to be global, non-violent, but unified, and wealth impacting on the kelliekat44 Apr 2014 #23
Those 9 principles I listed above can apply to every country BlueStreak Apr 2014 #31
I scrolled up and found your principles - TBF Apr 2014 #40
I am likewise glad to be as old as I am. SheilaT Apr 2014 #10
the last 6 or 7 years IBM only gave raises DesertFlower Apr 2014 #12
My ex was the IT guy for a company in Kansas. SheilaT Apr 2014 #13
I remember the years of the IBM Country Clubs and where you got that as a Perk and KoKo Apr 2014 #25
i remember the country club. liquor was not DesertFlower Apr 2014 #36
It's part of an orchestrated effort to drown the country in that "bathtub" the GOP has been preachin blkmusclmachine Apr 2014 #14
I work harder than people half my age because I have to iwillalwayswonderwhy Apr 2014 #15
Baby Boomers really need to unite. truedelphi Apr 2014 #24
'If this keeps up we'll be a nation of very rich and very poor people' Exposethefrauds Apr 2014 #16
I worked for NBC and ABC in the 70s and 80s. meaculpa2011 Apr 2014 #17
Thanks for the anecdotes; like many of the commenters here BeyondGeography Apr 2014 #18
I'm also close to retirement age and very glad at that. I'm tired of the Kahuna Apr 2014 #20
I just retired. Jazzgirl Apr 2014 #21
So many businesses only want young people. truedelphi Apr 2014 #22
Spouse and I have seen the writing on the wall for those 50+ and made it our sole focus to kelly1mm Apr 2014 #26
I envy you and your wife yeoman6987 Apr 2014 #27
Our basic plan was to drive down the monthly cost of living. To do so we have no kelly1mm Apr 2014 #32
Wow! yeoman6987 Apr 2014 #33
Ah Arnold...know it well. zappaman Apr 2014 #43
CNN is a completely nonunion shop. Boom Sound 416 Apr 2014 #29
The 1% world CNN is helping to make ... hits home. 1000words Apr 2014 #34
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