CommunityFDL Main Blog

Obama Says Our Businesses Are Punishing Workers


The latest reports on employment are out, and gave President Obama a chance to step out of his role as War Cheerleader and into his real role in this country, cheerleading for the economy. In his weekly address to the country, he explains that

Last month, our businesses added 236,000 new jobs. The unemployment rate fell to under six percent for the first time in more than six years. Over the past 55 months, our businesses have added 10.3 million new jobs.

Just exactly whose businesses are these? They sure aren’t ours in any useful sense of the word, now are they? They belong to the rich and powerful. They belong to people whose opinions and desires are infinitely more important than those of the long-term unemployed and the people who were thrown out of work and found new jobs months later at a fraction of what they were previously producing and being paid.

Obama continues with this:

But most folks still haven’t seen a raise in over a decade. It’s time to stop punishing some of the hardest-working Americans.

Last year, Lloyd Blankfein spoke at the Bill and Hillary Clinton lovefest and explained that Capitalism had raised many people out of poverty, presumably referring to developing nations. As to the US, he praised you unemployed and underemployed people for “accepting a higher unemployment rate” over the then five, now six years since he and his vulture buddies crashed the economy in search of money. President Obama thanks you too. As he put it, “progress has been hard”. By hard he means Not Hard for the filthy rich. He means hard for millions who lost their jobs, got their unemployment benefits cut, got cheated out of their homes in fraudulent foreclosures; for other millions who ran up enormous debts to educate their children, paid taxes, worked their butts off to save their jobs; and all those millions who saw their kids going to schools where class size jumped by 50% because of teacher layoffs, drove on roads and bridges full of potholes and worse; all in the service of saving the cheating rich from the consequences of their insatiable greed.

Yes, it’s been hard for them. But Obama and Blankfein are grateful, because thanks to your misery, Our Businesses have never been more profitable, the share of money going to the top 1% is reaching the peaks of the Gilded Age, the amount of taxes paid by Our Businesses is at historic lows, and generally, the richest among us are fat and happy, so thanks again.

But suddenly out of nowhere, Obama admits what everyone knows. Our Businesses are punishing us. They want us to work for nothing, or as little as is necessary to keep us alive.

Obama admits that this economy isn’t about fairness or social justice. It’s about power, the power to punish. That power has been handed to Our Businesses. They have a free hand to punish hard-working citizens, because they and they alone have the power to give people jobs, and they and they alone have the power to determine what they will pay you.

Obama and Congress decided that there wouldn’t be any other job source. Specifically, they decided there would be no government hiring, and no government building or infrastructure repair or any other useful public employment. They decided that they would cut government hiring and they succeeded in shrinking government. In the six years since the Great Crash, government jobs at all levels have declined to the levels of about 2006. That gives even more power to Our Businesses to pay you as little as they can.

Obama and his administration, Congress and the Courts have done nothing to offset the power of Our Businesses to punish you. In fact, in a case going to the Supreme Court, Obama’s Labor Department takes the position that if you work a 12 hour shift for Amazon, and then your temp agency demands you stick around for another 25 minutes so they can screen you to make sure you didn’t steal from Amazon, they don’t have to pay you for that time. Obama takes the side of the US Chamber of Commerce.

It’s all about discipline. Our Businesses need to discipline the workers of the world, or they won’t work. So “our” government gives them the power to decide whether you work and whether you eat. Then the two jointly blame you if you don’t work hard enough, or can’t find a job. That’s your fault, so no food for you.

Obama has a fix for this problem. He says raise the minimum wage. That is anathema to the conservatives of both parties, because it’s anathema to Our Businesses, and apparently to the bulk of the citizens of this country, who keep electing the same congressionals, all of whom are independent contractors for Our Businesses.

Here’s the obscene part. The same group of paid shill economists who got us into this mess are now screaming that the Fed needs to raise interest rates. That’s a surefire way to punish workers. Just look at this chart. That’s right. Whenever the labor share increases, we get a recession, and the labor share drops. That’s the final straw. All three branches of government despise workers, and so does the Fed. This economic system has failed almost all of us. We, not Our Businesses, are going to suffer.

 

CommunityMyFDL Front Page

Obama Says Our Businesses Are Punishing Workers


The latest reports on employment are out, and gave President Obama a chance to step out of his role as War Cheerleader and into his real role in this country, cheerleading for the economy. In his weekly address to the country, he explains that

Last month, our businesses added 236,000 new jobs. The unemployment rate fell to under six percent for the first time in more than six years. Over the past 55 months, our businesses have added 10.3 million new jobs.

Just exactly whose businesses are these? They sure aren’t ours in any useful sense of the word, now are they? They belong to the rich and powerful. They belong to people whose opinions and desires are infinitely more important than those of the long-term unemployed and the people who were thrown out of work and found new jobs months later at a fraction of what they were previously producing and being paid.

Obama continues with this:

But most folks still haven’t seen a raise in over a decade. It’s time to stop punishing some of the hardest-working Americans.

Last year, Lloyd Blankfein spoke at the Bill and Hillary Clinton lovefest and explained that Capitalism had raised many people out of poverty, presumably referring to developing nations. As to the US, he praised you unemployed and underemployed people for “accepting a higher unemployment rate” over the then five, now six years since he and his vulture buddies crashed the economy in search of money. President Obama thanks you too. As he put it, “progress has been hard”. By hard he means Not Hard for the filthy rich. He means hard for millions who lost their jobs, got their unemployment benefits cut, got cheated out of their homes in fraudulent foreclosures; for other millions who ran up enormous debts to educate their children, paid taxes, worked their butts off to save their jobs; and all those millions who saw their kids going to schools where class size jumped by 50% because of teacher layoffs, drove on roads and bridges full of potholes and worse; all in the service of saving the cheating rich from the consequences of their insatiable greed.

Yes, it’s been hard for them. But Obama and Blankfein are grateful, because thanks to your misery, Our Businesses have never been more profitable, the share of money going to the top 1% is reaching the peaks of the Gilded Age, the amount of taxes paid by Our Businesses is at historic lows, and generally, the richest among us are fat and happy, so thanks again.

But suddenly out of nowhere, Obama admits what everyone knows. Our Businesses are punishing us. They want us to work for nothing, or as little as is necessary to keep us alive.

Obama admits that this economy isn’t about fairness or social justice. It’s about power, the power to punish. That power has been handed to Our Businesses. They have a free hand to punish hard-working citizens, because they and they alone have the power to give people jobs, and they and they alone have the power to determine what they will pay you. (more…)

Previous post

Food Sunday: Kale Pie

Next post

Obama Says Our Businesses Are Punishing Workers

masaccio

masaccio

I read a lot of books.