It's the Lack of Demand, Stupid

That's why our economy remains in the ditch. Nobody has enough money to spend, so not enough money is being funneled into the economy, and therefore there are more layoffs and few jobs being created.

It's all Economics 101, but fat chance our neoliberal politicians in both parties know or even care about it. After all, a hungry and desperate underclass helps drive down wages and increase fear among those who are still employed:

Despite the dubious projections, the OMB document has a definite political significance. Its economic projections amount to an admission that capitalism has failed an entire generation of working class youth in the United States. Millions of young people each year are graduating from high school or leaving college to enter the work force, under conditions where job creation is so anemic that little work is available for those already jobless, let alone for new entrants to the labor market.

At the same time, the OMB document constitutes a declaration, from the office of the President of the United States, that nothing will be done to alleviate the plight of the unemployed or to provide them jobs. The White House study assumes that the American government will take no action over the next ten years to create jobs or put the unemployed back to work.

The administration has funneled huge resources to the super-rich, in the bailout of banks and then the auto companies, accompanied by a 50 percent wage cut for newly hired auto workers. While trillions were allocated to bail out Wall Street, not a penny is proposed to prevent a colossal growth of poverty and social misery among working people.

This is a far cry from the Democratic Party of yore. Now the party is just as corrupt as the GOP, just less visibly nuts.

As for yours truly, I am trying to piece together various substituting jobs this fall and try and get enough money together to finally get out and get my own place. I also want to get regular certification and take reading specialist classes. I was also told in today's orientation about online continuing education classes that I could take to possibly renew my Nevada license. I think I can use this site, which is affiliated with the University of Texas.

It's a hell of a note I am having to do this when I can't afford to work in contingent employment.