Saturday, June 05, 2010

If there is one Obama Cabinet member that really, really wanted the job is was Solis,

When is the last time the USA has had a pro-labor Secretary of Labor?

Can't remember when.

I'm glad she is there.

Do you there are four wind power assembly plants in Michigan? 

Blew me away.

The problem is this, this is NOT a jobless recovery, but, the media should likes to look at it that way.  The problem is that jobs are being lost as fast as they are being created and it is impossible to stabilize the employment dynamics of the USA.  The losses aren't really at the fault of the Labor Secretary or anyone else either.

Flood Related Unemployment Numbers Rise



Posted: Jun 05, 2010 10:13 PM EDT

NASHVILLE, Tenn.- A record 4,400 Tennesseans have filed for unemployment in the weeks following the flood.
State labor officials believe this is a sign of just how widespread the damage was and the number of industries impacted. That number jumped this week after Gaylord Opryland said they were laying off more than 1,700 people.
Across the state, 416 self-employed workers and small-business owners have also sought relief from the Unemployment Assistance program.

http://www.newschannel5.com/Global/story.asp?S=12601679

And then there is the Gulf Coast.  The unemployment is huge.  Besides fishermen, there is tourism taking a big hit as well.  So, this whole 'jobless' recovery is mostly bozo stuff as far as I am concerned. 

The complaints about an improvement in unemployment due to the Census is stupid as well.  The Census workers count.  It is not a volunteer effort.  They are doing valuable work that will directly effect the election dynamics of our democracy, so I really don't want to hear it.

The media discusses this as if it were artifical monies coming back into the economy.  It isn't.  The monies people are earning is infusing the economy no different than any other job would.  People are spending and/or saving their incomes and contributing to stimulating the economy. 

I do believe most small business owners are correct to underestimate any recovery and hold back on stocking shelves and employing more people.  This are scary times.  Modest improvements in business is a good thing.

Baby steps, if you will.

So, given the mess at the beginning of this President's term and the continuing ups and downs, I don't really think there are clear indications to economic growth and vigor.  There just isn't. 

I heard Bernanke is 'bummed out' by the unemployment and stating it is reeking havoc on him.  Too bad.  Call it a 'bad hair year' or something.  Better yet, recall some of the money you've printed.

So, if there was any kind of uptick in May in employment and/or the economy it was as real as any development to date.