Inherit- It wasn’t Obaama that fucked things up, it was Bush.  But Obama has to correct it, and I don’t see how he can.  Unemployment is accelerating, partially because of lack of demand because of unemployment and the threat of it.  So he has to take control of the economy to incrrease investment to put people back to work to increase demand.

And he can’t.  The ruling class is much more powerful now than it was in the last depression, and won’t give up their money and, more important, their power.  Even the few percent raise on the taxes of the upper two percent doesn’t kick in until the Bush taxcuts die in 2011.

He has to nationalize the banks- not fake nationalization- and get credit flowing into investment.  And he can’t.

What has to happen is that busineses go bankrupt, the rich by them at a fraction of their value, and increasing centralization occurs, and after years, the economy may start up again.  In the meantime the police and military shoot down demonstrators as McArther did the Bonus Marchers in the last depression.

Karl Marx was right.  But China, with a new form of capitalism, party capitalism, maintains control of their economy, so far, by constraints on the flow of capital.  When the US economy declined 6% in the last quarter of 2008, the Chinese economy increased 6%, a terrible rate for them.  But they can buffet themselves from the world downturn to a large extent, as they did during the Asian downturn nearly a decade ago.  So while the West goes down, east Asia may go up.

I don’t care if it is the end of life as we know it as long as I can swoon over that chow chow. Thanks for the eye candy!

Obama hasn’t had a chance to f*** things up—he’s not even be Pres for 2 months and his economic plan hasn’t even gone into effect yet. 

The last time unemployment was this bad, Ronald Reagan had been President for 2 years and 11 months—and his economic plan had been in effect for over 2 years.

To lower the UR under RR, they stopped counting people on the unemployment rolls and starting adding the military into the overall population.  Neither actually put people back to work but made the numbers look smaller.  Reagonomics was a failure and he should have been dumped in 1984, just like Bush should have been dumped in 2004.

Rachel Madow tonight pointed out that when you add in the part-time employed and those that fell off the unemployment rolls, the number is 14.5%, not 8.1%  BTW, 8.1% is about 12 million people.  And I know a bunch of them—about 14.

What difference does unemployment make when existing jobs do not pay enough to live in America.  None!  Capitalism is a zero sum game, we have nothing, a few rich people have everything.  Game over!  Go home if you have one.

If your selling the trinkets of excess or pushing paper it’s trouble. If your doing a service or making a good product (Green?) your hard and productive work will pay off. Government jobs are soon to follow. Get a hobby that sells or can be traded. Fat,Idle and lazy people who have been milking valueless jobs are in for the awakening they deserve. Hard work brings health and happiness. SOCIOECONOMIC Darwinism means Survival of the Fittest. Can’t survive without Insulin?  better lose weight and exercise and start NOW. The Parties OVER Folks…

Actually, for the last five years the unemployment rate, advertised at 5 percent was 8 percent.  Today’s figure should be 11 percent.  That’s a double-digit unemployment rate and that’s ominous.