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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: combjelly who wrote (791335)6/22/2014 3:59:12 PM
From: Broken_Clock  Read Replies (3) | Respond to of 1584604
 
Have you noticed “the powers that be” employ an entirely different standard for measuring the health of America’s job market than they use for the stock market?

The US population has kept growing since the crash, so about 15 million more working-age people have entered the job market, meaning America still has millions more people looking for work than it has jobs.
They’re currently telling us that, “The job market is improving.” What do they mean? Simply that the economy is generating an increase in the number of jobs available for workers. But when they say, “The stock market is improving,” they don’t mean that the number of stocks available to investors is on the rise. Instead, they’re measuring the price, the value of the stocks. And isn’t value what really counts in both cases? Quality over quantity.

Employment rose by 217,000 jobs in the month of May, according to the latest jobs report — and that brought us up to 8.7 million. That is how many new jobs the American economy has generated since the “Great Recession” officially ended in 2009 — and it also happens to be the number of jobs that were lost because of that recession. You can break out the champagne, for the American economy is back, baby — all of the lost jobs have been recovered!

You say you don’t feel “recovered”? Well, it’s true that the US population has kept growing since the crash, so about 15 million more working-age people have entered the job market, meaning America still has millions more people looking for work than it has jobs. And it’s true that long-term unemployment is a growing crisis, especially for middle-aged job seekers who’ve gone one, two or more years without even getting an interview, much less an offer — so they’ve dropped out of the market and are not counted as unemployed. Also, there are millions of young people who are squeezed out of this so-called recovery — the effective unemployment rate for 18- to 29-year-olds is above 15 percent, more than double the national rate of 6.3 percent.

But take heart, people, for economists are telling us that full employment may be right around the corner. Is that because Congress is finally going to pass a national jobs program to get America working again? Or could it be that corporate chieftains are going to bring home some of the trillions of dollars they’ve stashed in offshore tax havens to invest in new products and other job-creating initiatives here in the USA?

It’s interesting that the recent news of job market “improvement” doesn’t mention that of the 10 occupation categories projecting the greatest growth in the next eight years, only one pays a middle-class wage. Four pay barely above poverty level and five pay beneath it, including fast-food workers, retail sales staff, health aids and janitors.
No, no — don’t be silly. Economists are upbeat because they’ve decided to redefine “full” employment by — hocus pocus! — simply declaring that having six percent of our people out of work is acceptable as the new normal. And you thought American ingenuity was dead.

Now, let’s move on to the value of those jobs that have economists doing a happy dance. As a worker, you don’t merely want to know that 217,000 new jobs are on the market; you want to know what they’re worth — do they pay living wages, do they come with benefits, are they just part-time and temporary, do they include union rights, what are the working conditions, etc.? In other words, are these jobs … or scams?

So, it’s interesting that the recent news of job market “improvement” doesn’t mention that of the 10 occupation categories projecting the greatest growth in the next eight years, only one pays a middle-class wage. Four pay barely above poverty level and five pay beneath it, including fast-food workers, retail sales staff, health aids and janitors. The job expected to have the highest number of openings is “personal care aide” — taking care of aging baby boomers in their houses or in nursing homes. The median salary of an aid is under $20,000. They enjoy no benefits and about 40 percent of them must rely on food stamps and Medicaid to make ends meet, plus many are in the “shadow economy,” vulnerable to being cheated on the already miserly wages.

To measure the job market by quantity — with no regard for quality — is to devalue workers themselves. Creating 217,000 new jobs is not a sign of economic health if each worker needs two or three of those jobs to patch together a barebones living — and millions more are left with no work at all.

http://billmoyers.com/2014/06/20/the-terrible-news-economists-are-trying-to-hide-about-american-jobs/



To: combjelly who wrote (791335)6/22/2014 4:09:18 PM
From: jlallen1 Recommendation

Recommended By
FJB

  Read Replies (1) | Respond to of 1584604
 
Obama's Double Asterisks on the IRS
By Glenn Reynolds
June 18, 2014

I guess it's time to award President Obama a second asterisk. When charges came out that the IRS targeted Tea Party groups for harassment, the Wall Street Journal's James Taranto started calling Obama "President Asterisk." His point was that this illicit assistance tainted the election, the way an athlete's use of illegal performance-enhancers results in an asterisk on any records he sets.

Now it may be time for another asterisk. As Congress investigates the IRS chicanery, the IRS has responded to a request for emails to and from Lois Lerner, who spearheaded the Tea Party harassment, by saying, basically, that the dog ate its homework. Or, rather, the IRS claims, somewhat dubiously, that "a hard drive crash" on Lerner's computer led to the loss of emails to outside entities "such as the White House, Treasury, Department of Justice, FEC, or Democrat offices." You know, the very people she's accused of coordinating her harassment with.

With those emails missing, it'll be harder to prove whether Lerner's Tea Party harassment might have been at the behest of other wrongdoers, perhaps going as high as the Oval Office itself. But since government agencies seldom "lose" evidence that makes them look good, reasonable people might suspect that there's a cover-up going on. After all, nobody thought that the famous "18½ minute gap" on Richard Nixon's White House tapes contained anything positive about White House involvement in Watergate.

National Journal's Ron Fournier thinks that "you couldn't blame a person for suspecting a cover-up." No, you couldn't. In fact, you'd have to be pretty gullible — or in-the-tank — not to suspect a cover-up.

So Fournier wants a special prosecutor to investigate the question, since in a matter of this magnitude — and one in which the Department of Justice might turn out to be complicit — the public trust wouldn't be satisfied by a routine investigation. Fournier writes: "The White House is stonewalling the IRS investigation. The most benign explanation is that Obama's team is politically expedient and arrogant, which makes them desperate to change the subject, and convinced of their institutional innocence. That's bad enough. But without a fiercely independent investigation, we shouldn't assume the explanation is benign."

He's correct, of course. But there's still a problem. Special prosecutors are lawyers who don't work for the Justice Department, appointed to investigate matters where the Justice Department itself cannot be relied upon to be entirely fair. But they are still appointed by the Justice Department's head, the attorney general. And I have absolutely no confidence that Attorney General Eric Holder will appoint a special prosecutor unless subjected to unimaginable political pressure — and, even then, he'd be likely to name a politically safe apparatchik who would simply run out the clock until Obama's term ends.

The emails' loss, of course, doesn't mean an end to the investigation. It's likely that copies exist on backup tapes and elsewhere, if people care to look for them. And if the pressure keeps up, it's entirely possible that whistle-blowers, in the IRS or elsewhere in the government, might come forward.

Meanwhile, the American people will probably revise their opinion of the IRS, and the federal government, further downward. The IRS used to be feared but respected. As it appears to be a political weapon aimed at Americans who hold the "wrong" views, it will now have to settle for being feared, which works fine for audits but less well at budget time. And IRS workers may find their neighbors and acquaintances eyeing them skeptically.

For now, if I were a member of Congress I'd zero out the IRS's travel and conference budget — the service spent tens of millions of dollars on videos spoofing Star Trek, Gilligan's Island, etc. in past years, for conferences held in cushy locations like Anaheim — and look at other ways to make the agency pay.

Targeting Americans is unforgivable; covering it up is worse, and if the IRS has made it impossible to target the individuals responsible, then the IRS as a whole should pay the price. That's not an ideal solution, but such misbehavior should not go unpunished.

Glenn Harlan Reynolds, a University of Tennessee law professor, is the author of The New School: How the Information Age Will Save American Education from Itself.

usatoday.com