End the Wars, Save 400,000 Jobs

Way Worse Than Zero

Jack Rasmus, Truthout: 'Last Friday, September 2, 2011, the latest jobs report was released by the US Labor Department. It showed no jobs created for the month of August. Zero. Zip. The report confirmed the growing evidence that the US economy was on a track toward a serious economic relapse, at minimum, or a possible even worse double-dip recession. The stock market went into another tailspin. Bond markets globally reeled. Those trying to downplay the August jobs report noted the August numbers included 45,000 Verizon telephone workers who were on strike and who subsequently have returned to work. That would mean, apologists argued, there were actually 45,000 jobs created last month. Big deal. It takes 150,000 new jobs a month just to absorb new entrants into the labor force. It is important also to note that the 'zero' number was the very best of the various job numbers that might have been reported, not the worst. Other data show the August jobs situation was not stagnant, with no jobs created, but actually much worse. Here s why.'

http://www.truth-out.org/august-jobs-worse-zero/1315407127



Jobs Plan? End the Wars, Save 400,000 Jobs

Robert Naiman, Truthout: 'President Obama is preparing to deliver a major address to a joint session of Congress on Thursday, outlining his plans for spending and tax cuts to create jobs. Here s a plan that would likely save at least 400,000 jobs over the next ten years, without increasing the deficit or raising a dollar of additional revenue: bring the troops home from Iraq and Afghanistan as previously scheduled, and use the savings to reduce the debt in place of proposed cuts to Social Security and Medicare benefits - or other cuts in domestic spending.'

http://www.truth-out.org/jobs-plan-end-wars-save-400000-jobs/1315495268


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