Robert Reich smoking hopenchange crack; carrying Barack’s Water.
Posted by danishova on April 3, 2009
I wonder how much Reich is paid to produce this nonsense. Whatever it is it’s excessive. Let’s regulate it!
The March employment numbers, out this morning, are bleak: 8.5 percent of Americans officially unemployed, 663,000 more jobs lost. But if you include people who are out of work and have given up trying to find a job, the real unemployment rate is 9 percent. And if you include people working part time who’d rather be working full time, it’s now up to 15.6 percent. One in every six workers in America is now either unemployed or underemployed….
Putting aside the fuzzy math for a moment, refresh my memory: Didn’t we just push a gazillion dollar “Emergency stimulus package” through Congress to, er, “save or create” jobs? Are you asking for more?:
This is still not the Great Depression of the 1930s, but it is a Depression. And the only way out is government spending on a very large scale. We should stop worrying about Wall Street. Worry about American workers. Use money to build up Main Street, and the future capacities of our workforce.
Didn’t we just pass a $6 billion Universal Service Act to pay for this boondoggle too? Are you asking for more?:
Energy independence and a non-carbon economy should be the equivalent of a war mobilization. Hire Americans to weatherize and insulate homes across the land. Don’t encourage General Motors or any other auto company to shrink. Use the auto makers’ spare capacity to make busses, new wind turbines, and electric cars (why let the Chinese best us on this?). Enlarge public transit systems.
Who is going to pay for these Utopian fantasies? Are you asking for more than what’s in the “Stimulus” and “Budget”?
Meanwhile, extend our educational infrastructure. So many young people are out of work that they should be using this time to improve their skills and capacities. Expand community colleges. Enlarge Pell Grants. Extend job-training opportunities to the unemployed, so they can learn new skills while they’re collecting unemployment benefits.
You know Robert, all those investment bankers which you Dems like to blame for the recession were very well educated. many of them holding Ivy League MBAs. Clearly education is not the problem or the solution to our current economic downturn. Only a Useful Idiot could fall for this idiotic argument.
Finally, accelerate universal health care.
Once again, investment bankers on Wall Street caused the financial crisis, remember? Or so we’re told, day in and day out by Barack and the corruptocrats in Congress who are themselves largely to blame. What does health care have to do with it? Wait! I’ll answer that!: NOTHING.
As for the unemployment numbers Reich is using, as a point of comparison, check out the unemployment rates for the Socialist European model he and Barack would have us emulate. Be sure to scroll down and take a look at the country by country tables. If an 8.5%% unemployment rate defines a depression, then much of Europe has been in a depression on and off for years.
How did we ever survive as a nation before Barack ascended to the Presidency?