Wendy Burnett accurately spelled out the effects of joblessness in her essay last week, and Stephen Lendman went into even greater detail in his early April commentary.
Mr. Lendman went to great lengths to dissect the Labor Department’s fudged March report on the job market, and went on to show how manipulated data concealed how bad things are.
“Putting lipstick on this pig doesn’t wash,” he stated. “One analyst said March data was miserable from every angle. Economist David Rosenberg called it ‘one soft US jobs report.’ It quashed the consensus view of re-acceleration …
“Part-time employment rose … A protracted Main Street Depression continues. Force-fed austerity worsens it. Real unemployment is 23%. Poverty or close to it affects half of US households. Record numbers need food stamps …
“In the past three months alone. More than one million workers dropped out. Current figures stand at an unprecedented 90 million. Economies in Depression reflect these figures … and reflect deplorable third world economic conditions.
“The Economic Policy Institute called March data ‘a big negative surprise.’ It underscores no ‘robust jobs recovery.’ Returning to ‘pre-recession unemployment rate in three years requires adding 320,000 jobs every single month’… Instead, hundreds of thousands drop out monthly. Hard times get harder. America’s indeed on a fast track toward third world status.” –
Both Ms. Burnett and Mr. Lendman fully recognize the obvious effects caused by joblessness. We’ve been going downhill now for about seven years and even though this cause and effect relationship is readily acknowledged by just about everyone, and even though just about everyone readily understands that job creation is the only way to put an end to our disastrous economic tailspin, exactly no one has come forward with a valid plan or program that would create the millions of jobs necessary to pull our chestnuts out of the fire.
But that’s hard to understand. There are still some folks down in Washington who were around during the 1930s and who clearly remember how destitute Americans were in those depression years. Why aren’t they pushing for an Emergency Shipbuilding Program? Don’t they recall what FDR did in his successful effort to kill two birds with one stone? Those Emergency Shipbuilding Programs were initiated to prepare us primarily for our entry into the Second World War, but at once, those programs ended the Great Depression by creating more than fifty million jobs.
Let’s assume that the folks in Washington are unaware of our patented container ship design – and we find that hard to believe after the efforts we’ve made to call our design to their attention – what’s to prevent us from “subsidizing” an Emergency Shipbuilding Program for the construction of profit-generating container ships? We “subsidize” the construction of non-profit warships, don’t we?