Tapsearch Com EditorCannibalized Economy continues...
Note - the world news net - economy cannibalized and news shred stories about it for years.
The Clinton years are the core of our economic crisis and yet the media ignores this as big money is bailed out as workers keep being betrayed by government acting as a broker and dealer.
We published the following article more than ten years ago and we could publish it again as if it is the news of the day.
If one counts all adults - 18 or older - who are healthy and not in school, medical institutions or in prison ( the prison population adds up to more than 2 million ), and who could be working but are not, one finds that close to 50 percent of America's workers are not being used.
The Bureau of Labor Statistics keep reporting unemployment the same way. They call about 50,000 households per month with occupants over the age of 16. Whoever answers the phone is asked if they were looking for a job during a certain period in the previous month. If they say no, they are considered employed even if they have no job. In the 1990s, reportedly one third of all those who were 55 or older would never find another job. A vast group had to wait until they were eligble for Social Security to receive a check.
During the 1990s, part-time, temporary, contract, leased and independent contractor jobs grew tenfold. Temporary help offices grew at about the same rate. Today, some of these terms have lost their meaning. Since then only 38 percent of all workers qualify for unemployment insurance.
In the 1990s, dislocated workers included the typical American suburban Republican voter- middle age, college educated who became irrelvant in the global economic arena. An age job discrimination lawyer reported that workers in the Silicon Valley in high tech jobs who lost their jobs after age 40 would most likely never find another job near the value of the job they had. In 1998, more than 250,000 workers lost their jobs in high tech fields. During the 1990s more than a million workers lost their jobs in the computer industry alone.
The request for emergency food continued to break records. The Feinstein Foundation send a petition to President Clinton to end hunger in American citing more than 35 million people were going hungry. Other reports show about 40 million going hungry in 1999. 1,200 senior citizens were found waiting for food outside a rural Ohio hunger center.
During this time, President Clinton continued to proclaim statistical prosperity while more than 70 percent of all families pay more in payroll taxes than income taxes. The payroll tax became a flat tax on the working poor.
Personal bankruptcies broke records and home foreclosures did too.
Reports told us that 47 percent of small business owners has maxed out their credit card trying to survive. The failure rate for those in a small business for more three years or less was about 81 percent.
Today, the press reports much of the same thing but ignores how long the same economic nightmare has lasted. The news breaks things down in intervals of elections and never seems to combine the real happenings of our times into one. They ignore the cause and effect behind our economic crisis and still rant about the free market. Their lingo has taken on new connotations as our economy based on making money on money instead of making things is burning out. The words are new but not much has changed.
Our local news paper has shrunk in size. The main section weighs only ounces with the advertising sections weighing more than three pounds. The paper still promotes free trade while the advertising section sells all the products coming from somewhere else in the world.
The economy goes round and round but it comes out somewhere else in the world while millions in the U.S. are living in a silent depression.
See link or search under Free Trade Fails U.S.
NAFTA, GATT, CAFTA etc trade agreements cannibalized the American economy and betrayed workers everywhere
The Clinton years are the core of our economic crisis and yet the media ignores this as big money is bailed out as workers keep being betrayed by government acting as a broker and dealer.
We published the following article more than ten years ago and we could publish it again as if it is the news of the day.
If one counts all adults - 18 or older - who are healthy and not in school, medical institutions or in prison ( the prison population adds up to more than 2 million ), and who could be working but are not, one finds that close to 50 percent of America's workers are not being used.
The Bureau of Labor Statistics keep reporting unemployment the same way. They call about 50,000 households per month with occupants over the age of 16. Whoever answers the phone is asked if they were looking for a job during a certain period in the previous month. If they say no, they are considered employed even if they have no job. In the 1990s, reportedly one third of all those who were 55 or older would never find another job. A vast group had to wait until they were eligble for Social Security to receive a check.
During the 1990s, part-time, temporary, contract, leased and independent contractor jobs grew tenfold. Temporary help offices grew at about the same rate. Today, some of these terms have lost their meaning. Since then only 38 percent of all workers qualify for unemployment insurance.
In the 1990s, dislocated workers included the typical American suburban Republican voter- middle age, college educated who became irrelvant in the global economic arena. An age job discrimination lawyer reported that workers in the Silicon Valley in high tech jobs who lost their jobs after age 40 would most likely never find another job near the value of the job they had. In 1998, more than 250,000 workers lost their jobs in high tech fields. During the 1990s more than a million workers lost their jobs in the computer industry alone.
The request for emergency food continued to break records. The Feinstein Foundation send a petition to President Clinton to end hunger in American citing more than 35 million people were going hungry. Other reports show about 40 million going hungry in 1999. 1,200 senior citizens were found waiting for food outside a rural Ohio hunger center.
During this time, President Clinton continued to proclaim statistical prosperity while more than 70 percent of all families pay more in payroll taxes than income taxes. The payroll tax became a flat tax on the working poor.
Personal bankruptcies broke records and home foreclosures did too.
Reports told us that 47 percent of small business owners has maxed out their credit card trying to survive. The failure rate for those in a small business for more three years or less was about 81 percent.
Today, the press reports much of the same thing but ignores how long the same economic nightmare has lasted. The news breaks things down in intervals of elections and never seems to combine the real happenings of our times into one. They ignore the cause and effect behind our economic crisis and still rant about the free market. Their lingo has taken on new connotations as our economy based on making money on money instead of making things is burning out. The words are new but not much has changed.
Our local news paper has shrunk in size. The main section weighs only ounces with the advertising sections weighing more than three pounds. The paper still promotes free trade while the advertising section sells all the products coming from somewhere else in the world.
The economy goes round and round but it comes out somewhere else in the world while millions in the U.S. are living in a silent depression.
See link or search under Free Trade Fails U.S.
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