03.08.13
Throttled
Dean Baker explains to newsmen that the only reason the unemployment rate is down is because many Americans have given up. The upper one percent and corporate America have so throttled the economy for their sole benefit labor force participation is dropping.
The U.S. unemployment rate is down, but that is because many Americans have given up looking for a job.
Dean Baker, an economist with the Center for Economic Policy Research in Washington, said Friday that the decline in U.S. labor force participation in this recent data release was “striking.???
The Bureau of Labor Statistics reported unemployment fell to 7.7% from 7.9%, but the drop was at least partially attributable to a decline in labor force participation, Baker says. The employment-to-population ratio (EPOP) was unchanged at 58.6 percent, exactly the same as the rate in February of 2012 and just 0.4 percentage points above the low hit in the summer of 2011. This compares with an EPOP of 63.0 percent in 2007, pre-crisis.
This is our world, the one president and the two parties made. The United States has a president who is powerless because the Republican Party has figured out — in the parlance of bdsm sexuality — how to dom from the bottom.
The GOP refuses to recognize the president was re-elected and, therefore, he cannot govern. And the government will shed more employment as a result.
The statistics are striking and merciless. They should result in more social unrest eventually. However the controlling powers and media were effective in convincing many that social unrest as a result of economic calamity is un-American.
The labor force participation percentage is just one more reason to despise our cyber-shoeshine men and the incessant talk about China stealing wealth.
Stealing wealth. It’s to laugh.
From the very essence of shoeshine, Foreign Policy mag, employer of high button lickspittles to power:
The Internet is now a battlefield. China is not only militarizing cyberspace — it is also deploying its cyberwarriors against the United States and other countries to conduct corporate espionage, hack think tanks, and engage in retaliatory harassment of news organizations.