Over 40,000 people lost their jobs yesterday alone, and some people are predicting unemployment will hit 10%, which is the worst it’s been since about 1982 or so (and I wasn’t much affected back then, having not yet dropped out of school, and with a dad who had a good union job and a working mom). Hell of a time to be having octuplets. This is obviously terrible for the economy in general (for many of these jobs – the good ones, at places like Caterpillar – each loss take out another two or three jobs that rely on the business generated by them), but it’s also bad for those of us who are still working.
With times this tough, it’s damn near impossible to tell your employer to kiss your ass, and walk out the door. And it makes getting a raise or a better deal a lot less likely. Plus, for those of us who aren’t old enough to retire but also aren’t young single kids willing to work for next to nothing, share an apartment with three or four other young folks to make ends meet, and devote 80-100 hours a week to our jobs, it makes it hard not to think about being pushed out the door in favor of some fresh-faced kid right out of school. And then trying to find a job someplace else; not everybody is drooling over the prospect of hiring a “new” 50’ish employee with family commitments just trying to run out the clock ’til retirement (which is not necessarily the case, but you know that’s what these people are thinking).
The prospect of freezing to death alone in a dark, silent house as the ice builds up on the windows because I couldn’t pay my utility bill is a little bit disturbing.
So, I guess I’d better just suck it up and drag my ass out there every day with a fake smile plastered on my face. After all, I have dogs to feed.
It’s Tuesday and I’ve gotta get to work.
I heard Tucker Carlson for a brief moment this morning. He thinks the consumer should determine what is sold and that the gummint can’t do anything about unemployment so they should do nothing. He insists the stimulus bill will do nothing to help. Tax cuts for the rich is what we need more of. Just look how well they’ve done.
Are liberals this delusional? Would we champion our favorite programs inspite of evidence that they don’t work or actually make things worse? I’d like to think that our idealism is mixed with honesty and an ability to see what is happening.
Gotta run!
Then of course there was this good news yesterday.
Lead story on The Today Show was on the octoplets. Nothing else matters apparently. Oh yes, they then talked about the weather, and then brought in the cow-like NONECK(tm) Mulch McConnell from the green gas of Kentucky.
The Today Show will be going through there own round of layoffs. If Kathie Lee is still working the show, it would be funny if she was the last one left.
Lots of parallels between unemployment and climate change. With global warming, there is the potential of positive feedback as things warm up and release more CO2, then things start to spiral out of control. That’s what scares the scientists most.
With layoffs, the same thing happens. As people lose their jobs they spend less and therefore less money gets circulated in the economy. Which means that more companies fire people.
Since jobs are really an artifice, we can do something about that. Just create some jobs to keep people out of trouble. We will make our way out of it, albeit perhaps with stone-age life-styles. And fewer clothes as it gets warmer.
What I find sick about our economy – a disconnect if you will- is when companies lay off people, the stock market improves; the markets like cost savings. But this is such shortsided thinking. Layoffs = less consumer spending, not to mention the inhumanity of it.
Maddow last night discussed how the right, including the wall st urinal editors, are citing a CBO report as evidence the obama plan won’t work. The “report” does NOT exist! Nada! Zilch. NO such report.
John Updike has succumbed to lung cancer. 🙁
He has more well-known novels, but I’ll put in a plug for one of my favorites, “A Month of Sundays.”
Not just cost savings, but high unemployment means cheap labor, and they just love them some of that cheap labor.
Short-sighted? Absolutely. Just as shipping jobs overseas is short-sighted. OK, you can make lots of cheap crap when you pay slave wages, but who’s gonna be left to buy all that cheap crap you make if nobody has a job?
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Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community’s top legislative priority.
Participants on the October 17 call — including at least one representative from another bailout recipient, AIG — were urged to persuade their clients to send “large contributions” to groups working against the Employee Free Trade Act (EFCA), as well as to vulnerable Senate Republicans, who could help block passage of the bill.
Bernie Marcus, the charismatic co-founder of Home Depot, led the call along with Rick Berman, an aggressive EFCA opponent and founder of the Center for Union Facts. Over the course of an hour, the two framed the legislation as an existential threat to American capitalism, or worse.
http://www.huffingtonpost.com/2009/01/27/bank-of-america-hosted-an_n_161248.html
Sorry for the messy post above Didn’t see it til twas too late
Or even if your income is too low. You can’t buy things when accounts recievable is less than accounts payable. Incredibly short sighted, unless they want this to beat down the American worker so that we are slaves. Luckily, I don’t give a flying fuck about my credit. I am used to being poor and am pretty resourceful and understand that the Universe gives me what I need.