Worse Than You Think

atlascott's picture
Submitted by atlascott on Tue, 2009-07-14 13:52

Despite US Secretary of the Treasury Tim Geithner's statements that we have reached the bottom of the recession, there is compelling evidence which suggests that we are only getting warmed up for the real crash.

From the Wall Street Journal:

* The average length of unemployment is higher than it's been since government began tracking the data in 1948 (now, 24.5 weeks).

* The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war.

* June's total assumed 185,000 people at work who probably were not. The government could not identify them; it made an assumption that they were working.

* More companies are asking employees to take unpaid leave. These people don't count on the unemployment roll.

* No fewer than 1.4 million people wanted or were available for work in the last 12 months but were not counted. Why? Because they hadn't searched for work in the four weeks preceding the survey.

* The number of workers taking part-time jobs due to the slack economy, a kind of stealth underemployment, has doubled in this recession to about nine million, or 5.8% of the work force. Add those whose hours have been cut to those who cannot find a full-time job and the total unemployed rises to 16.5%, putting the number of involuntarily idle in the range of 25 million.

* The goods producing sector is losing the most jobs -- 223,000 in the last report alone. We aren't creating products.

How could this happen when Washington has thrown trillions of dollars into the pot, including the famous $787 billion in stimulus spending that was supposed to yield $1.50 in growth for every dollar spent?

Simple. The "stimulus" package was just another political publicity stunt, with payments going god-knows-where, but probably into the pockets of politicians and their cronies. In other words, the stimulus has done nothing but plummet American citizens into more debt and help perpetuate a corrupt political system that, tick-like, sucks the blood out of our economy and every tax paying American.

Libertarian convention!

Marcus's picture


atlascott's picture

"Constructivists: holdover from early 20th century, when hubrists believed that not only things like 'the Titanic', but all of mankind itself could be unsinkably 'constructed' as if human beings were Tinker-Toys."

Socialists, too, believe than man is a tabula rasa, with no particular inherent identity. Take him apart, indoctrinate him, you have built your version of man.

Same thing the Nazis did, same thing Progressives have done for at least 30 years in the public schools here.

Thank goodness, it does not quite work that way. But it creates tremendous damage and a tremendous anti-individualist momentum.

Also see the post-modern generator

Frediano's picture

Purposely, by design, confused with 'construcivist' theory of learning, is political constructivism. For insight, read John Rawls:

The original position is a central feature of John Rawls's social contract account of justice, “justice as fairness,” set forth in A Theory of Justice (TJ). It is designed to be a fair and impartial point of view that is to be adopted in our reasoning about fundamental principles of justice. In taking up this point of view, we are to imagine ourselves in the position of free and equal persons who jointly agree upon and commit themselves to principles of social and political justice. The main distinguishing feature of the original position is “the veil of ignorance”: to insure impartiality of judgment, the parties are deprived of all knowledge of their personal characteristics and social and historical circumstances. They do know of certain fundamental interests they all have, plus general facts about psychology, economics, biology, and other social and natural sciences. The parties in the original position are presented with a list of the main conceptions of justice drawn from the tradition of social and political philosophy, and are assigned the task of choosing from among these alternatives the conception of justice that best advances their interests in establishing conditions that enable them to effectively pursue their final ends and fundamental interests. Rawls contends that the most rational choice for the parties in the original position are the two principles of justice. The first principle guarantees the equal basic rights and liberties needed to secure the fundamental interests of free and equal citizens and to pursue a wide range of conceptions of the good. The second principle provides fair equality of educational and employment opportunities enabling all to fairly compete for powers and prerogatives of office; and it secures for all a guaranteed minimum of the all-purpose means (including income and wealth) that individuals need to pursue their interests and to maintain their self-respect as free and equal persons.

Ref: http://plato.stanford.edu/entr...

Note the leg lifting: The many ill defined references to vague 'social and historical' ... 'social and political' ... authority. The assertion that a definition of 'fair and impartial' includes a belief in a system that 'secures for all a guaranteed minimum of the all-purpose means(including income and wealth)that individuals need to pursue their interests and to maintain their self-respect as free and equal persons.

That is some clever slight of hand, hardly subtle at all. And, it has regularly been foisted on unaware students, eager to please, for years. This is the basic liberal building block -- not the glue, but the 'goo' that binds 'constructivists' into their fervent religious belief, their justification of a coercive state dedicated to the religious goals of the constructivists, dedicated to serving the mystical goals of a never defined "S"ociety. (Almost never defined, except by Durkheim, who spilled the beans.)

Students are Tinker-Toys, fodder for the cause. Their brains are first nullified via deconstruction -- words have no meaning, they have no legs to stand on -- and then they are reconstructed as dyed in the wool True Believers; constructivists. We are generations into this, it is robots instructing robots at this point.

Not universally, many don't buy the instruction, and yet take their education. These are called 'heretics.'

I'm not a heretic; I'm a Hell yes, you're goddamned right heretic.

Here's the Apostle Emil Durkheim, spilling the beans on "S"ociety:

"Society is not at all the illogical or alogical, incoherent and fantastic being which has too often been considered. Quite on the contrary, the collective consciousness is the highest form of psychic life, since it is the consciousness of consciousness. Being placed outside of and above individual and local contingencies, it sees things only in their permanent and essential aspects, which it crystallizes into communicable ideas. At the same time that it sees from above, it sees farther; at every moment of time it embraces all known reality; that is why it alone can furnish the minds with the moulds which are applicable to the totality of things and which make it possible to think of them."

Clearly, in their religion, "S"ociety=God. The American experiment has been long over-run with religious fanatics. They called their religion 'social science' and snowed generations. They sold the message "the state is God", and the state largely willingly bought it, and a nation of once free people just trying to live thier lives and not paying alot of attention to activist political nonsense let part of the tribe get away with this attack on freedom.

Routing these religious fanatics out of the machinery of state may no longer be possible, our long out of all control 'scientific' state may just have to break.

It is well on its way.


Frediano's picture

Constructivists: holdover from early 20th century, when hubrists believed that not only things like 'the Titanic', but all of mankind itself could be unsinkably 'constructed' as if human beings were Tinker-Toys. Ironically, 'constructivists' are often constructed by first being deconstructed, via instruction, as opposed to education. Can usually detect a dyed in the wool constructivist by their frequent appeal to a higher mythical mystical authority couched as "S"ociety, the modern replacement totem for God. (See Durkheim.)


Jeff Perren's picture

What do you mean by "constructivist," here?

The nation is responding ...

Frediano's picture

... accordingly. Our economies are limping along, slowly circling the drain.

Our pols can't believe it; they recite the same Keynsian incantations of olde, and yet the rain gods don't come. They are bewildered, the beasts used to respond. They push the same old buttons, and 'the Economy' doesn't respond. Except, wherever coercion has primed constructivist pumps. If you are in any way connected to government, 'the Economy' is booming right now...for as long as dead pump priming goes on.

This is the scenario that puts the thousand yard stare on Paul Krugman's face. Not all that long ago, at the beginning of this heady shot at American Socialism, he yet reasoned that the US had 'about $5T' in global credit that it could burn through to 'prime the pump.' But, he openly woriied, knowing that if the pump-priming didn't work, the end of that global credit would mean only one thing; time to start siether running the printing presses, leading to our own Weimar/Zimbabwe scenario, tax the nation into a full blown depression, or ... shut the doors in DC, stick a fork in the latest failed socialist experiment, failing on a grand global stage.

And, they couldn't help themselves, but believe their own nonsense. Both the left -- and the right-- are never more of a danger to themselves as when they are convinced they are holding an unbeatable hand. That is flawed human nature. So, while 'priming the pump,' they also took this opportunity to trot out every left wing fantasy in existence. They demonized capitalism and capitalists, while simultaneously expecting all that 'pump priming' to be followed by tsunamis of private investment. They turned the federal commerce rules into so much quicksand/Jell-O, and then wonder why folks aren't lined up around the block to put their own skin in this new game and prepay their own ransom. They have all but guaranteed that the 'pump priming' is going to be followied by a resounding thud, or as predicted, another round of 'pump priming.'

If a nation really can be built by naive children, blinking on about 'hope' and 'change' and posers giving cheerleading speechs about 'green jobs' and so on, then more power to them. But, they will be doing it without the energetic participation of a lot of people from every corner of the political spectrum who are now officially waiting for the community organizer and 30 of his closest like minded fraternity brothers to actually 'run' the US Economy.

I can almost hear it: more shoelaces, comerade, less potatos. Right after he takes over healthcare. Shouldn't take more than a couple weeks.

I'm still waiting for his team's instructions. My phone hasn't rung yet. In the meantime, I'm 'idling,' like almost everyone else I know.. and everyone I can convince.

This isn't any organized effort. This is an inevitable viral response to constructivist insanity, self-realizing.

What makes more sense, with regard to reforming healthcare?

1] A single point of failure national monolithic program, impressed from DC in a OneizeFitsAll fashion, 'designed' in a couple of weeks over the summer by staffers making deals in DC?

2] 50 state experiments running in parallel -- including, 'No, thank you,' with people and providers and taxpayers all able to vote with their feet and expose the truth of the matter?

The arguments of scale and so on for a single monolithic model are precisely the arguments made by monopolies, and yet, we don't tolerate them in our economies, precisely because they are monolithic concentrations of coercive power. But hand them guns, and suddenly they are great ideas...

How long is this nation going to tolerate coercive monopolistic centralized federal power, before we demand that it devolve? When did monopolists with guns become a good idea?

"If people can vote with their feet, they will flee." Yes, free people will; they will flee bad ideas, and seek good ideas. They will punish insanity, and reward brilliance. It was precisely the inability to flee a coerced national model of banking and lending which contribnuted to our current economic dilemma. The very attempt to coerce our economies into 'the economy' made that single point of failure 'it' brittle, and susceptible to single point of failure collapse.

The federal power seekers, freshly having screwed the pooch, quickly sold the lie in the resulting panic that the solution was ever more concentrated federal power. The GOP was totally useless in countering this argument, as they were making the same argument.

It just has to break, period. We can all help that by... doing as little as possible. Ducking. Waiting. Idling. SLowing down. Letting 'the economy runners' run 'the economy.'

Federalism used to imply a balance between federal and state power. No more, and half our states are federal power grabbing wannabees.

We need to start selling a new model of government; that model is, 'These are the folks who we hire to paint the double yellow lines down the middle of the road." And, precious little more.

That is a far cry from 'Run the economy.'


atlascott's picture

"The current carcass carving can't go on forever."

No doubt. I think you've got it about exactly right, Frediano.

"They are currently wishful thinking a world where folks do much of what got us here under 60% tax rates."

What IS the tax rate on a person paying income tax, property tax, tax on purchases, State tax, County tax, blah blah, right now?

The thing that amazes me most is: it is fairly well known that the government is very good at two things: corruption and wasting money. So much so that there are ~jokes~ with these very things as the punchlines.

So how is it that when government folks tell us they need more money to make "the" economy go -- we let them vote themselves more of our money? It is out and out lunacy. And plain stupid.

Americans have allowed themselves to be bifurcated into a ruling class and "everyone else"--and we have left them to it. I guess this is what we deserve.

Got to wonder...

Frediano's picture

How long that either this crew, or the nation itself, substantially clings to the illusion that they are 'helping' anything.

There is no relief, however, if these fools are replaced by GOP fools, selling their watered down Democrat-lite version of the same 'let us run THE Economy' nonsense.

The crew in power is grabbing while the grabbing is good. I think they know the clock is ticking, and they are going to rape, pillage, and burn while they can, and in the coming train wreck, gamble that they can out "They did it!" the other gang of fools.

Concentrated federal power just needs to break, period. Devolve via utter failure. It is well on its way.

We need to start regarding these folks as the people hired to paint the double yellow lines down the middle of the road, not 'run the Economy.'

Maybe, some day. But we're not going anywhere in the meantime, except down.

There is nobody within 100 miles of DC that has any concept of this. The nation's pain will have to go much, much deeper before the CronyFest on the Potomac is shut down. There is still a lot of carcass to carve. They are currently wishful thinking a world where folks do much of what got us here under 60% tax rates. Talk about throwing gasoline on a burning fire...

So, one thing is for sure; there is no beast being built, especially by beast builders who put their own skin in the game. Few fools that smart are willing to prepay their own ransom under the new quicksand federal rules. The current carcass carving can't go on forever.

You know the sure fire sign of this? It's that 'deer in headlights' bug-eyed look that you can see in any picture of Paul Krugman. He knows enough to know that he and his have publicly screwed the pooch in a massive way, and there is going to be no denying it.

They're well on their way to turning the Bush recession into the Obama Depression, and the only thing they know how to do is to throw gasoline on a burning fire. They will burn themselves out trying to resurrect their lie. Unfortunately, they will take most of the nation with them.

So, duck. And, ride this one out.


iGod's picture


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