While We Are Firing Teachers

[ChumpDumper]

Bloomberg: Bailout Total = $11.6 trillion

Nice edit.

[ChumpDumper]

And the Self-Reliant Ruggedly Individual Independent Republican Republic of Texas eagerly swallowed its federal bailout money without a peep from any board "conservative" here, so you don't get to about it without being a massive hypocrite.

[Nbadan]

A new jobs report supports what globalization critics have been saying all along.....the multinational corporations don't need you anymore....

At a time when corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you’d expect jobs be coming back. But you’d be wrong.

The U.S. economy added just 36,000 jobs in January, according to today’s report from the Bureau of Labor Statistics. Remember, 125,000 are needed just to keep up with the increase in population of Americans wanting and needing work. And 300,000 a month are needed continuously for five years if we’re to get back to anything like the employment we had before the Great Recession.

In other words, today’s employment report should be sending alarm bells all over official Washington. This economy is still terribly sick. (Technical note: The official rate of unemployment fell to 9 percent from 9.4 percent, but that’s because more workers have left the labor market, too discouraged to continue looking for work. The official rate reflects how many people are actively looking for work.)

We have two economies. The first is in recovery. The second is in a continuous depression.

Common Dreams

[Nbadan]

Flashback: GOP claimed credit for today's jobs report
by Jed Lewison

Remember this?

19 days in, GOP leadership takes credit for job growth

It took less than three weeks for the new Republican Congressional leadership to claim credit for an apparent economic upturn.

Well, in light of today's jobs report, Republicans are doing their best to make you forget.

The drop in the unemployment rate last month wasn't enough, Republicans said Friday in reaction to the latest jobless numbers.

The GOP used the report showing that the unemployment rate had dropped to nine percent as a pretext for calling for new spending cuts, and attack President Obama's stimulus policies.

"Instead of more ‘stimulus’ spending and more debt, as the president proposed in his State of the Union address, we need less spending, more freedom, and more certainty for those in America who create jobs," House Speaker John Boehner (R-Ohio) said in a statement.

That's a load of crap. Not only have Republicans have done absolutely nothing to boost job creation since taking control of Congress, the only economic ideas they've proposed are making things worse.

[boutons_deux]

"GOP leadership takes credit for job growth"

+36K jobs?

while national workforce participation rate at lowest in decades?



that's as hilariious as the Reugs' draconian federal budget spending cuts of .... 00000.8%

And those speed demons did it all in just 19 days?