WHAT HAPPENED TO JOBS!JOBS!JOBS! ?
Note the following facts:
- Statistics released today indicate that the average profit for half of the companies reporting = and increase of 12% (This should be excellent news - it is for the CEOs and the shareholders not so for job creation).
- Statistics released today indicate additional layoffs. (What?)
- Evidence indicates that companies are adding to efficiency - squeezing more work out of workers who have jobs.
- The pay of executives continues to increase while pay of workers tends to remain stagnant.
- No evidence - nada - that the failure to raise taxes for the rich has led to any job creation at all. So much for the so called causal relationship between increased taxes and job creation.
- Numerous states are laying off government workers - adding to the already alarming lack of jobs.
- Many states are implementing anti union and anti bargaining laws guaranteeing wage and worker progress.It is said that jobs are not being created because there is too little demand for goods and services. This is due to the lack of jobs.
It is reasoned that a huge reduction in demand for goods and services is the primary explanation for the failure of corporations to create jobs. But the trend towards increasing lay offs makes this state of affairs a predictable occurrence.
Meanwhile the Republicans led by their champion Grover Norquist steadfastly refuse to add new revenues. This position is perfectly consistent with the leaders of the party vowing that the most important issue this year - way more important than job creation - is to make sure that President Obama loses the next election.
Conclusion: Despite their assertions to the contrary - it is obvious that the majority of the Republicans want to prevent the President from benefiting from any meaningful jobs creation program. I prefer to bear Lincoln's words in mind that you can't fool all the people all the time.
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