Grim Job News For U.S. Workers Likely To Get Worse

[Omaha Steve]

http://www.laborradio.org/node/8277

By Doug Cunningham

The grim news for U.S. workers is not just that the economy lost 80,000 jobs in March, or even that it was the third consecutive month of net jobs lost. The Center for Economic And Policy Research says the really grim news is that job loss is likely to accelerate in coming months. So for workers, we’re already in a recession. CEPR economist, Dean Baker says the March jobs loss report removes all doubt of that. During the months that all these jobs were disappearing, workers’ wages also grew at just 2.5 percent, well below inflation. The official unemployment rate is up to 5.1 percent. Workers hit the hardest include those in auto, where 47,500 jobs were lost since November. Manufacturing as a whole has lost 151,000 jobs since November. Black teens are suffering much more than nearly any other workers, and for workers without high school degrees, unemployment is at 8.2 percent.

[Rageneau]

1. Every time Republicans gain power, Great Depressions follow.

Newt and Rush and their ilk made big noises and cried bug crocidile tears back in 1994, the year the Pukes took over Congress.

One of thier oft-repeated arguments, echoed ad infinitum by the corrupt American media, was that Democrats had had power in Washington for 40 years and it was time to share that power.

Many naive types bought that silly argument, never realizing that the reason the Republicans had been frozen out of power for all those years was that the voters still remembered how incompetent they are handling the nation's economy.

It took 40 years for all the people who watched Hoover do this to the country to die off. Only then could those red-tie-wearing Republicans begin to sell the voting public the Ponzi Scheme in finally bought lock, stock, and barrel with Smirk in 2000.