Currently the unemployment rate is at 10.2% but the creation of jobs does not seem to be a top priority for the government.
In recent weeks most analysts and economists agreed that the recession has bottomed out and the trajectory for the economy should be upwards. Although the recovery may be shallow and slow for the next few years.
The problem is that job creation seems to be lost with all the exuberance that the recession has come to an end.
While the top priority at the Federal, State and Local level should be the creation of jobs attention seems to be drifting away.
In his latest column in the NYT, Paul Krugman points out that “If you’re looking for a job right now, your prospects are terrible. There are six times as many Americans seeking work as there are job openings, and the average duration of unemployment — the time the average job-seeker has spent looking for work — ..continue reading
Paul Krugman’s latest editorial in the New York Times provides a bone chilling review of what has happened to the Republican party and why it is different this time around.
He begins with last Thursday’s rally and writes “The key thing to understand about that rally is that it wasn’t a fringe event. It was sponsored by the House Republican leadership… Senior lawmakers were in attendance, and apparently had no problem with the tone of the proceedings.” (including large signs showing piles of bodies at Dachau with the caption “National Socialist Healthcare.”)
“…the G.O.P. has been taken over by the people it used to exploit.”
“Back in 1964 the historian Richard Hofstadter published an essay titled, “The Paranoid Style in American Politics,” which reads as if it were based on today’s headlines: Americans on the far right, he wrote, feel that “America has been largely taken away from them and their kind, though they are ..continue reading
Paul Krugman’s column in the NY Times this morning makes some salient points about what has happened to the Republican party.
His column starts with the Right’s latest Obama bashing related to the Olympics. The Right’s cheering that the US lost is an indication of the hatred of Obama. Rush Limbaugh said he was “gleeful” by the loss. Krugman says the reaction indicates that “… the modern Republican Party, has the emotional maturity of a bratty 13-year-old.”
Here is Limbaugh’s reaction (it is about 30 seconds into the video):
Krugman continues “ the guiding principle of one of our nation’s two great political parties is spite pure and simple. If Republicans think something might be good for the president, they’re against it — whether or not it’s good for America.”
On health care reform Krugman notes “For the main G.O.P. line of attack is the ..continue reading