Saturday, June 13, 2009

Employed see tough times, too - USATODAY.com

Guess that "Stimulus Package" just ain't, you know. stimulatin'.

Just imagine the incredible outrage that this kind of news would have been met with if the election had gone the other way. Breathtaking double standard.

And, you know, fuck the double standard. There is a real problem out there that will be so much worse than any political posturing will bring. Being loyal while watching your neighbors have their homes bulldozed may seem all the rage, but rage is what it will foster.

At that point it may be a little late to blame Bush.
Employed see tough times, too - USATODAY.com:
"People who still have jobs are faring worse than at any time since the Great Depression, a USA TODAY analysis of employment data found. Furloughs, pay cuts and reduced hours are taking a toll on workers who so far have escaped job cuts.

The employed worked fewer hours in May — an average of just 33.1 hours a week — than at any time since the Bureau of Labor Statistics began counting in 1964. Part-time work is at a record high. Overtime is at a record low.

The magnitude of job losses — 6 million jobs gone, a 9.4% unemployment rate — has overshadowed the groundbreaking nature of the nation's employment troubles, especially the financial decline of those still working.

'You can rip a whole chapter out of your Economics 101 textbook because the job market isn't behaving the way we were taught,' says David Rosenberg, chief economist at money manager Gluskin Sheff and Associates."

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