Showing posts with label recovery. Show all posts
Showing posts with label recovery. Show all posts

Wednesday, February 13, 2013

SOTU

Greetings good citizen,

Well, the SOTU speech last night has us all scratching our heads, because it was nothing we haven’t heard a thousand times before.

Maybe it was comforting when more competent leaders told us we were in the process of rectifying longstanding wrongs…but in my mid-fifties, I’ve heard all of this crap before and guess what, it’s getting worse!

Isn’t insanity defined as doing the same act repeatedly, each time expecting a different outcome?

Pray tell, explain to me how throwing money at an education system that trains our kids for jobs that aren’t here any more is going to help?

This is nearly as ludicrous as letting banks ‘audit’ themselves. Given the, er, ‘integrity’ of modern banking, just how ‘trustworthy’ would these self-audits be?

I wouldn’t touch ‘em with a fifty-foot pole!

But I digress, back to the ‘how we doin’ speech…
QUOTATION OF THE DAY

"Every day, we should ask ourselves three questions as a nation: How do we attract more jobs to our shores? How do we equip our people with the skills to get those jobs? And how do we make sure that hard work leads to a decent living?"

PRESIDENT OBAMA, in his State of the Union address.

I’d start with a different first question. I’d start by asking how much longer are we going to put up with this BS?

Because the answer to the first question is moot. There used to be a lot more jobs here BUT our sell-out politicians signed ‘free trade agreements’ with every Banana Republic on the planet, pauperizing the nation as a result.

So don’t ask STUPID QUESTIONS like ‘How do we ‘attract’ more jobs to our shores?’ when you already know the answer.

We have to ‘out Banana Republic the Banana Republics’ and throw our STANDARD OF LIVING IN THE TOILET…(so ‘a few’ can be rich.)

Worse good citizen, you’d all have to be blind not to see that this is exactly the direction we are headed in!

Good for the capitalist, not so good for you and yours.

I’d use a stronger adjective than ‘good’ but this has to go on an unfirewalled page too.

Left unchecked good citizen our civilization is headed the way of Easter Island…all because nobody has the courage to stand up to ‘the insane money men’ and tell them ‘no!’

I do it regularly but as you can see a single voice has no effect…all I do is annoy them. (Even that remark is ‘vanity’, it far more likely they don’t know I exist!)

But we left two statements ‘unchallenged’, let us return to our ‘quote of the day’…

Our number two ‘mission’ is to how do we ‘equip’ our people to do the ‘jobs of tomorrow’?

Again, stupid question, we do it the ‘old fashioned way’…ON THE JOB TRAINING!

Our numbskull politicians would have you believe the people who perform commerce’s heavy lifting learned to do what they do in college.

We old people know better, AFTER college, your new employer TRAINS YOU on how THEY WANT IT DONE!

To the point that most college grads wonder why they bothered taking on all of that debt only to be spoon-fed everything they do.

But they don’t say anything because they write it off as ‘the cost of the job’. They invested tens of thousand in an education that will pay them back a million over the course of their career.

Without the degree (that they don’t use) they wouldn’t have gotten the job.

Simple.

But they want YOU to believe it was hard…when nothing changes.

Now we arrive at the last, er, ‘assertion’, which is as comical as it is farcial!

How do we ‘insure’ these new jobs pay a living wage?

How sad is it nobody has an answer to the second half of that statement (What is ‘a living wage?’)

Once upon a time after Europe was desolated by WWII and the last man standing was the US, a living wage was a ‘middle class’ income. Where the multiple redundant ‘middle manager’ made enough money to swing that (modest) home in the suburbs, put his kids through school and sock away enough for retirement all before reaching age 55!

Jr. got his twenty year mortgage in his twenties so it was paid off by the time he turned forty(ish) and he had the last twenty years to sock away cash to retire ‘in style’.

Now things are different.

There are no ‘middle managers’ just as there is no ‘redundancy’, the ‘market’ is supposed to take care of those trifles…if a void presents itself, the market will fill it (despite the enormous cost.)

The few have already waxed richer than their needs, pauperizing the rest of the world. Now we have enormous sums with no place to go and the global economy is locked in a dead stall…all so a few could be rich.

Since the rest of us have been condemned to death by this reckless action of our politicians, let us pray the rich are enjoying their wealth…and will enjoy doing their own heavy lifting after we’re gone.

Although I doubt we’ll vanish completely…

Stupid is as stupid does.

Thanks for letting me inside your head,

Gegner

(This post is ‘related’ to the larger series examining our civilization and how to repair/replace it.)






Saturday, January 26, 2013

Accountable

Greetings good citizen,

Yesterday’s ‘milestone’ for the financial markets appears to be more evidence of the criminal’s favorite pass time, fraud.

IF you think the economy has ‘recovered’ I’ve got some nice ‘drainage challenged’ real estate you’ll be interested in…

In the meantime, to consider stories such as this one anything more than ‘jaw-boning’ is a tragic error.
TOP NEWS
As Worries Ebb, Small Investors Propel Markets
By NATHANIEL POPPER

After millions of people all but abandoned the markets after the 2008 financial crisis, individual investors are pouring money into stock mutual funds for the first time in years.

Left to our imaginations is precisely who this ‘small investor’ is? He certainly isn’t the newly re-employed worker, stoking up for retirement. We already know 90% of ‘new jobs’ aren’t even full time and 80% of those pay minimum wage! So WHO is this ‘small investor’ they are referring to?

Could the answer be as unfortunate as Wall Street, in it’s usual fashion, is merely transferring funds from real estate hedging vehicles back to mutual funds, ‘ringing the cash register’ so to speak?

Because you don’t need me to tell you that this is not cause for rejoicing! This is sticky fingered Wall Street churning (and helping itself) to money that was already there.

So, small investor recovery? Hardly, small investor fleecing is more like it but Wall Street has this ‘truthiness’ problem where honesty only creates hard feelings.

Just because the ‘deterioration’ of the employment situation has slowed doesn’t mean it is ‘improving!’ (But that’s the message the meatheads would have you believe. That ‘less-worse = better!’)

It’s the same idea of when the economy contracts, that return to stability is sold by the pundits as ‘recovery’ when in fact after ‘leveling off’ for a brief period, it falls again and the talking heads pretend it’s a mystery.

But it’s not. There was a headline in the local rag the day before yesterday that one of the city’s largest employers is laying off half of its workforce AND sending the work to its plants in China and Mexico.

Still feeling ‘optimistic’, Bunky?

It seems every time they declare ‘the recovery is at hand’ I feel compelled to jump in and cry foul!

And it looks like they got me again.

The question is did they get you?

For every nineteen people who reject hogwash like this there is one who embraces it. Maybe not as quickly as they used to, they are starting to catch on to the fact people are laughing at them behind their backs…

Understand good citizen, the corporate owned media HAS TO report the economy is on the mend, even if it isn’t in order to quell social unrest and dampen ‘animosity’ towards ‘our betters’.

But as I am tiring of pointing out, no amount of jaw-boning is going to alter the facts on the ground.

Our economy (or that limp dishrag that passes for our economy) is broken and nobody has done a single thing to repair it…nobody!

So ‘recovery’, such as it is, amounts to a lesser rate of descent. We merely aren’t sinking as fast as we once were.

What do you suppose should happen to the employer who cut 70 out of 150 jobs and sent the work off-shore?

One of my other ‘hobby-horses’ has been the need to redefine what constitutes a ‘crime’.

Under our current goofy calculus, the owner can send the work wherever he pleases. He is seen as ‘owning’ the work.

But isn’t he also a citizen and doesn’t that citizenship carry a responsibility to the society he lives in?

He’s quick enough to demand justice (or the protection of society) when disaster strikes…so how come he feels no obligation to keep the society that protects him healthy and vibrant?

Because, until such feckless acts like the global race to the bottom are criminalized, our ‘global’ economy (and all but it best connected participants) is doomed.

Not the kind of world I want to raise my kids in and I’m sure many of you feel the same way.
This ‘competition’ baloney is all fake. Worse, it is the old canard of ‘I can teach a monkey to do your job’ writ large!

Which is to point out that the ‘quality problems’ that served as an excuse to cover early job exports have resurfaced in the cheaper there, indicating the problem didn’t lie with the craftsman but with management.

Which tells you what, good citizen?

It’s time to hold management accountable.

Thanks for letting me inside your head,

Gegner