Labor Day 2011: What Are We Celebrating? The Lack Of Jobs In America?

[bobbyw24]

If you still have a good job, you certainly have something to celebrate on Labor Day 2011. So far you have survived the decline of the U.S. economy. But your day may be coming soon. This weekend, there will be millions of Americans that will not be doing any celebrating. They are not enjoying a break from their jobs because they don't have any jobs. In fact, it seems kind of heartless for the rest of us to be celebrating while so many of our countrymen are destitute. What are we celebrating on Labor Day 2011? The lack of jobs in America? At this point, the U.S. economy closely resembles a gigantic game of musical chairs. Every time the music stops, even more good jobs are pulled out of the game and even more workers are added. Once upon a time, if you really wanted a job in America you could get one. But now the competition for even the most basic jobs is absolutely brutal. If you gathered together all of the unemployed people in the United States, they would constitute the 68th largest country in the world. It would be a nation larger than Greece. All of those unemployed people are not going to be taking trips with their families this holiday weekend. Instead, most of them are going to be trying to figure out what to do with their shattered lives.
http://bigpicture.typepad.com/comments/images/2008/10/08/time_mag_cvr_new_hard_times.png

With the economy in such a mess, you would think that someone out there would be suggesting that Labor Day 2011 should really be a day of mourning. This economic downturn has shredded the lives of millions of American families.

http://theeconomiccollapseblog.com/archives/labor-day-2011-what-are-we-celebrating-the-lack-of-jobs-in-america

[Austrian Econ Disciple]

Go take a visit to DC, Virginia, and Maryland which lives off the rest of the country. That part of the country certainly isn't in a depression, though they surely have made a depression out of the rest of the country. We had the War of Southern Independence for less than the crap we are putting up with.

[bobbyw24]

Go take a visit to DC, Virginia, and Maryland which lives off the rest of the country. That part of the country certainly isn't in a depression, though they surely have made a depression out of the rest of the country. We had the War of Southern Independence for less than the crap we are putting up with.

Correct--people with Fed Gov jobs are not suffering at all

[bobbyw24]

Labor Day … Or Serf Day?

As I noted in 2008:

A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

“You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite.”

In 2009, Foreign Policy magazine ran an article entitled “The Next Big Thing: Neomedievalism“, arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, andcity-regions.

The Government Continues to Destroy Jobs … Not Create Them

http://www.infowars.com/labor-day-has-been-rendered-completely-meaningless-happy-serf-day/