The American Economy and Labor Market are Completely Dead in the Oil

Editorial Notes
While the focus of this site was much more on the health system failure and much less on the labor market failure in the early days (2009 and the first three months of 2010) this will reverse for the rest of the year. But rest assured, I will continue to report on the failure of “Obama Care”; for example, I’ll be focused on the roughly half dozen states that have laws in opposition, and as another example, I’ll be focused on every last detail regarding the penalty for not having health insurance.

Although the majority of “bloggers” and the vast majority of celebrity bloggers (who get all of the traffic) make numerous, very short postings, I generally make fewer but more valuable and much longer postings. But Unity-Progress is my one site where I mix short and long posts up. This is one of those short but very timely postings....

DEAD IN THE OIL
Aside from the dolphins, the pelicans, and numerous other fish and birds, the US economy is also dead in the oil slick as of summer 2010. The Obama administration’s “Recovery Summer” has become a sick joke. As I said before, Obama is Herbert Hoover on steroids because, not only does he like Hoover mistakenly assume that the private sector will automatically rescue the labor market, he has outdone Hoover in the "I am completely wrong department" by going from “recovery is just around the corner” to “recovery is here and now”. Whereas of course there is no recovery.

The July 2, 2010 Bureau of Labor Statistics “Jobs Report” shows that the private sector created only about 83,000 jobs in May; this is little more than a trivial number. It is a pathetic number that reveals the US economy as nothing more than a pathetic and lame excuse for an economy. More than two and a half times that many is needed just to keep all those who have a job employed. Triple that number would be needed just to begin to very, very slightly cut in to the roughly 25 million unemployed. Five times that number would be needed for there to be a real "recovery".

The bottom line is that for the great majority of people, if you don’t have a job, you are not going to be getting a job. You read that correctly: If you don't have a job, you most likely will not be getting a job unless you have someone who has hiring influence or power to show gross favoritism to you and to pull you up into the status of employed. If you don't have someone who directly "pulls you up into a job" and yet you get a job through your own efforts, you deserve an award and a medal (or at least an Obama pin, laugh out loud) in this economy.

The economy is really that ruined by the super greedy “banksters” and investment shysters.

I’ll have far, far more regarding the collapse of the labor market in the months ahead. You just have to be patient because Unity Progress is only a small percentage of the totality of the work I do, and so only a small amount of time can be apportioned to it. On the other hand, this means that I will only cover the absolutely most important topics with the time that I have.

Remember, always ignore the unemployment rate; it is a meaningless, garbage statistic. See the recent reports about that.

As I said recently, this is a depression, not a recession. It will last at least a decade, through about 2017 at least. There will be up and down fluctuations within it (which will have millions of fools thinking the depression is over when it really is not) but the overall primary theme will be at best stagnation at a level leaving roughly 25 million unemployed, or quite slowly down from there (toward 30 million unemployed) at worst.

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