Friday, January 31, 2014

Empty Promises

Since there is no demand because nobody has enough money to spend to fuel demand that in turn creates jobs, it really doesn't mean much that some CEOs "promise" not to discriminate against the long-term unemployed.

It kills me when a mere somebody who has been out of work a mere six months is lumped in with somebody who has been unemployed or (like yours truly) underemployed for six YEARS, with no end in sight.

Since long-term unemployment benefits expired in December, the president and his Democratic allies in Congress have tried to pass an extension. The White House said 1.6 million Americans have lost benefits since then and an additional 4.9 million could see their payments run out this year.

The White House did not have an estimate on how many more people might find work under the new initiative to change hiring practices.

Officials cited surveys that found the interview "callback rate" was significantly lower for job applicants who have been out of work for several months — even if their resumes are similar to those of other applicants.

The president has been looking for ways to demonstrate that he will not be hemmed in by congressional deadlock.

In his State of the Union address this week, Obama declared that he would expand his use of executive power. And in a just-completed two-day, four-state tour, the president touted new actions he has taken to overhaul job training, bolster retirement savings and improve public education.

Yeah, right. He hasn't done one goddamned thing about jobs since he was inaugurated, wants to junk Social Security, and has waged open warfare on public education.

With friends like that, who needs enemies?

A fiend in need is a fiend indeed.

These assholes in D.C. are all in bed together. They like a massive number of unemployed in their insane neoliberal quest to turn this country into a third world paradise ruled by assholes like Gates, Peterson, and Perkins.

1 comment:

Alessandro Machi said...

I have a petition on change dot org called the Debt Neutrality Petition.

The idea is to start reducing consumer debt by freezing interest rate charges on defaulted credit card and student loan debt, and even on additional credit card and student loan debt as long the consumer's overall debt decreases as well.

This would shift wage earning power back to the consumer who as their debts decrease would be able to use some of their new found liquidity towards local commerce.

Corporations hoarding cash are able to supplement how they pay their existing workers from the interest rate profits their existing cash creates.

Unfortunately Barack Obama is not strong enough to convince the billionaires who chose him over Hillary Clinton to back off and let workers earn their way out of debt.

Debt Neutrality Petition