October 2011

Industrial Production & Capacity Utilization for September 2011 - 0.2%

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The Federal Reserve's Factory Production report shows a 0.2% increase for September 2011 Industrial Production, otherwise known as output for factories and mines. For Q3 2011, industrial production increased 5.1%, annualized. August's industrial production was revised down to zero from to 0.2%. Here is the Federal Reserve's detailed report.

 

Retail Sales for September 2011 - 1.1%

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September 2011 Retail Sales increased 1.1%. August retail sales were revised up, from 0.0% to 0.3%. Retail sales are up 7.9% from the same time last year. Motor vehicle sales were up 4.0% in September and are up 8.8% from September 2010. This is better sign for Q3 GDP in terms of consumer spending, which accounts for 70% of economic growth. Retail sales are not adjusted for price increases, not reported in real dollars.

Job JOLTS - There are 4.57 Unemployed Per Job Opening in August 2011

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JOLTS stands for Job Openings and Labor Turnover Survey. The August 2011 statistics show there were 4.57 official unemployed people hunting for a job to every position available. There were only 3,056,000 job openings for August 2011, a drop of 4.89%, from the previous month of 3,213,000. For the 37th month, JOLTS again reflects an absolutely horrific jobs market.

Elected Officials Pass More Trade Agreements Most of America Doesn't Want

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Another Sad Day for American Labor.  Rhetoric, campaigns, protests and op-eds, all promising to listen to the American people and most of all create jobs.  In the streets there are millions of voices demanding an economy for Americans, U.S. workers and what does Congress do?  Why pass more glorified offshore outsourcing and corporate tax haven deals under the guise of NAFTA like trade agreements.  I kid you not.  Congress passed trade treaties with South Korea, Panama and Columbia.

This is What Happens When a President Outsources Job Creation to Multinational Corporate Executives

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one trick ponyMultinational corporations are one trick ponies when it comes to their agenda. By hell or high water they want to offshore outsource jobs and have controlled, unlimited migration per their globalization agenda.

It should be no surprise when putting these same greedy bastards in the White House who outsource, they publish a faux job creation agenda. Such is the case of the latest report.

Instead of hire America, buy American or a manufacturing policy, we get these multinational's typical labor arbitraging agenda wish list. The corruption is so bad, literally corporate lobbyists' economic and statistical fiction is used in this report. Probably the most debunked economic fiction spinner of them all, the NFAP, is used. The NFAP is also these very multinational's personal white paper spin machine.

Guess what folks, labor arbitraging U.S. professionals does not create jobs, it loses jobs. The statistics show it and anyone with a 2nd grade education would know this to be true. You fire people, that is a job loss, not a job gain as this jobs agenda report tries to claim.

Losing the Economy By Saving the Rich

socialism for the rich
Originally published on OpEdNews

Economic policy in the United States and Europe has failed, and people are suffering.

Economic policy failed for three reasons:

  1. Policymakers focused on enabling off-shoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers associated with the jobs, to foreign countries, such as China and India, where labor is inexpensive.
  2. Policymakers permitted financial deregulation that unleashed fraud and debt leverage on a scale previously unimaginable.
  3. Policymakers responded to the resulting financial crisis by imposing austerity on the population and running the printing press in order to bail out banks and prevent nny losses to the banks regardless of the cost to national economies and innocent parties.

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