Promoted. Originally posted 2009-10-03 08:50:04 -0400. -- GH

Getting a strong healthcare bill is still top on my agenda, but let's not forget the latest on the jobs front. The idea that the "recession" had more or less reversed has always seemed to me to be nonsensical given the economic circumstances that the majority of Americans are now facing or realistically fear. Now we learn that job losses are escalating while unemployment benefits are running out for people who can't find new ones. Throwing money and more money at financial institutions is proving to be a chimerical solution--hich of course we all knew anyway.

All the talk about the danger of an escalating debt misses the point. as Robert Reich points out. The Truth About Jobs That No One Wants To Tell You.

This morning I noticed something on the Yahoo homepage, an article titled, Nine Reasons Why The Economy Is Not Getting Better.
 
The only good thing is, as I knew already, I’m not alone in my present “work situation”.

LQD = Lazy Quote Diary

Matt Taibbi has been wading through the objections to his Rolling Stone article a few weeks ago detailing how Goldman Sachs has profited obscenely by using its political influence to help create, then prick, a series of financial bubbles over the past century. Taibbi's reply is very much worth reading, to see the depths to which defenders of the financial status quo will stoop, such as hurling the "anti-semitic" charge. But, here is the conclusion, which I consider the best part:

Animation: Recession Sing-A-Long!

hat tip Newsday

In today's New YorkTimes, Krugman puts a job-loss number to cuts in the Obama Stimulus Package. He estimates that at least 600,000 American jobs will be lost over the next two years if the "centrists" are allowed to dictate terms of a "compromise" bill.

Now the centrists have shaved off $86 billion in spending — much of it among the most effective and most needed parts of the plan. In particular, aid to state governments, which are in desperate straits, is both fast — because it prevents spending cuts rather than having to start up new projects — and effective, because it would in fact be spent; plus state and local governments are cutting back on essentials, so the social value of this spending would be high. But in the name of mighty centrism, $40 billion of that aid has been cut out.

Jane Hamsher in the Washington Post discuss some background to the present attempt to make Nancy Pelosi and the Congressional Democrats who put together the original package, look bad. Rahm Throws Pelosi Under the Bus to Save Stimulus Bill.

Meanwhile, unemployment figures don't look good. Jed L.

Originally published 2008-09-25 05:41:19 -1000. Promoted by Roxy.

Dealing in Debt!!

Everyone, almost, is in a complete Rage at what is happening, and has been allowed to happen by not only soft regulation but the ease on any regulation in the Banking Industry, Morgage Industry, Wall Street, and in a Rage you should be.

But want a better picture of the who got us here any why, leave your computer and go to the nearest mirror and take a Good Hard Long Look at the reflection coming back, Yep Folks, it's most of you, and the rest of the shit hasn't yet hit the fan, but it's quickly coming!

Remember the clowns you hire to represent you in Washington, and local and state, are your clowns, you pay them.

Nick Benton's sums up his thoughts on bubble economics and greed. Posted with permission from Nicholas Benton owner/editor of the Falls Church News Press.

As ‘The Era of Greed’ Ends