On behalf of the 15.9 percent of Americans who compose the real jobless rate and their moms, dads, brothers, sisters, sons and daughters who compose the 30 percent of Americans suffering misery from unemployment, I write this angry dissent against the culture of callousness of official Washington, which is doing virtually nothing to create jobs in America.
The ugly housing numbers released Tuesday suggest a double-dip collapse below earlier crash levels. The ugly jobs numbers released Wednesday by ADP remind us why 55 percent of Americans believe the nation is in a recession or depression, according to a recent Gallup poll.
Never before in American history has unemployment been so high, yet neither the president nor Congress pushes for a major jobs bill. With so many Americans crushed by personal and family economic tragedy, there is no attempt to enact any program worth a damn to help the jobless, except by House Democrats, whom I credit for trying.
My mission here is to give voice to the jobless, who have little voice in this town. I must offend some friends as well as adversaries.
I angrily dissent from the lack of a major jobs program. I angrily dissent from a Federal Reserve policy that provided some $20 trillion to bankers in the greatest trickle-down exercise in world history, which created vast wealth at the top, rampant speculation throughout markets, the cash-starving of small businesses and a tidal wave of foreclosures by bailed-out bankers who showed neither common sense, basic decency nor economic patriotism. Then they whine to the media that their feelings are hurt because they are unpopular.
I called for a foreclosure freeze in this paper in 2007. I angrily dissent against incompetent foreclosure programs under two presidents and many banks that poison our economy by extending the collapse of housing and reinforcing the collapse of jobs, which small minds call "the new normal."
The acceptance of current jobless levels is the lowering of our standards to miserable levels, the shame of our time, the scandal of our age and the source of public contempt toward Washington and Wall Street.
The president deserves great credit for rescuing the auto industry, but this is not the moment for victory laps. It is a time for taking responsibility, not taking credit. If Martin Luther King were here, he would express great pride that President Obama was elected while calling millions of people to Washington to protest against the neglect that I 
deplore here.
It is not acceptable for the president and Democrats to fail to fight for a major jobs program and take their fight to the voters. It is not acceptable for Republicans to blockade programs to create jobs, propose many actions that will destroy jobs, and try to blackmail America into an economic crash by threatening to defeat the debt-ceiling increase unless their anti-jobs ideology is enacted into law.
It is an outrage to punish the jobless with Marie Antoinette economics, where the same old policy pigs are dressed in new tuxedos, the same old bromides are falsely called job creators, the jobless are told, "Let them eat public relations" and those jobless for 99 weeks are treated like human garbage to be thrown away and forgotten, or degraded and humiliated by the sickening lie that they want to be jobless.
Let's bring back the housing tax credit, now. Let's put a jobs program into the budget talks. Let's promote buying American and rebuilding America. Let's not burden our children with costs and deaths of bridges that collapse and cars that crash on roads that decay.
Let's find Ted Kennedy Democrats and Jack Kemp Republicans and take the best of their ideas for jobs.
Today I condemn the consensus in this town and write on behalf of the jobless. Those whose failures caused their pain should have the moral decency, economic sense and political courage to make America great by putting Americans to work.
This column was originally published at The Hill.
America needs new leadership in 2010 -- and NOT a Republican. Anyone voting Republican at this point in history is dumber than a stump or among the top 1%.
And the US Department of Treasury MUST be investigated for public corruption and obstruction of justice.
Job #2 = More Jobs
Job # 9999 = MORE JOBS!
We need to stop the sell-off of America's future by selfish tunnel-vision business leaders.
It is time to bring the good jobs and industries back to America!
CRUX of the fiscal numbers:
Annual national GDP 15 Trillion.
Federal govt debt 14T.
State and Local govt debt 2.4T.
Unfunded obligationÂÂs 3.5T, including 2.6T to the Social Security Trust Fund.
Personal debt of Americans 13.4T.
ANNUALLY
Federal budget deficit 1.6T. Federal govt borrows - 40 cents/ dollar of budget.
Interest payment on debt 0.2T which increases with more borrowing; and benefits no one.
Annual borrowing by the private sector - household, companies and banks 3.9T.
PROPOSED FUTURE
President’s ten-year plan 46T in spending.
Paul Ryan’s alternativÂe ten-year plan 40T in spending.
FURTHER federal budget shortfall over ten year is about 7-8T depending on the propsal, the economy, further natural or man-made disaster, including financial meltdown, here or abroad.
FISCAL CRISES ON THE HORIZON - Rescuing Fannie May and Freddie Mac. Student Loan Defaults. Boomer retirement at 1 million every year for next twenty years adding to SS and Medicare.
Most other countries have the debt owned by their own citizens; stimulating personal savings. In the US we elected to have foreigners own our debt; so Americans can continue to borrow and spend to keep our "Supply and Demand" economy afloat. This reduces our savnigs and makes us more dependent on govt for our retirement and catastrophies.
Debt is one of our biggest threats as per Pentagon.
Passing the massive debt to grandchildren and yet-to-be-born Americans is the worst legacy of this generation.
As long as Reagan's policies remain unexamined we will continue down this terrible road.
when an individual is undergoing psychological therapy, dealing with the past honestly is an important component of a true recovery.
I think the same applies to nation states.
We've been through multliple asset bubbles - our versions of the South Sea Bubble, Tulip Bubble, etc.
Wages...
http://www.cbpp.org/cms/index.cfm?fa=view
If the home-owner is having difficulty making mortgage payments on the home, then rent part of the home to a relative or to someone with good references Â. Many NY city dwellers outside Manhattan do so.
Increase demand in low-end housing market ($100K homes) by solving the undocumentÂed employed worker issue and permitting them with work-permit to come out of the shadow. They (20 million) would BUY homes, furniture, cars, dishwasherÂ, washers and dryers, etc..
Increase demand in mid-range housing market ($ 250K ), by permitting foreign physicians (50,000) to immigrate to America and meet the need of current doctor shortage.
In addition, each physician on average creates employment for five to six individualÂs - Nurse PractitionÂers / PA, nurses, secretarieÂs billing staff, transcriptÂionist. These jobs will be scattered throughout the country, including inner cites and rural areas.
Many Americans are against immigratioÂn as an emotional and intellectuÂal response to our current economic difficultiÂes. Yet most studies show immigrants greatly contribute to the economy. Immigrants and their immediate offspring are and have been a great source of innovation and economic engine to spur economic growth.
Being against immigratioÂn or legalizing the undocumentÂed is to 'cut our nose to spite our face'. Talk about citizen pathway, etc for those who merely want to work is spining our wheels and a side-show.
And which market demand are you referring to? The US market? The global market?
I'm not trying to be difficult but is it your position that the worker in American should have to compete with workers in China and Vietnam with no government regulations to level the field? If so, are you prepared to live in the same conditions as those workers?
What we need is ENFORCEMENT of the trade deals we have signed. That would go a long way to restoring American manufacturing. And how is it that Germany is doine quite well manufacturing wise even though their hourly labor costs are higher than in the US? Oh....They have a government that wants to keep their population working.
Until Americans wake up to the fact that we have only one party rule they will continue living under the delusion of choice.
http://www.corporateamericanflag.com/
Corporate American Flag
"I pledge allegiance to the flag of the corporate states of America.
And to the conglomeraÂtion,for which it stands, one nation, under many CEOs,
always divisible, with liberty and privileges for some." -- unknown