Tapsearch Com EditorIf this is a good economy, I would hate to see a bad one
July 10th 2009 15:33
Bizarre Politics Reports:
" If this is a good economy, I would hate to see a bad one " FTC article predicts 2008-09 economic crisis in 1998.
Our economic crisis is not something new. The Federal Trade Commission put up our article about "Made in the USA Label issue" in 1998. We updated it in 2002 and 2006 and only had to edit our report on unemployment data collection reporting.
Our economic crisis is not something new. The Federal Trade Commission put up our article about "Made in the USA Label issue" in 1998. We updated it in 2002 and 2006 and only had to edit our report on unemployment data collection reporting.
By Ray Tapajna - see also data of jobs lost in 1998 This is a long report but well worth reading. It shows how our economic crisis is not something new.
Can you hear me now !
IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEE A BAD ONE - 1998, 2002, 2006, 2009 REPORT
IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEE A BAD ONE- { Updated 2006 } From Made in the USA commentaries by Ray Tapajna on the Federal Trade Commission in 1998 when a statistical prosperity was reported. (see below or for original list -click: Federal Trade Commission article by Ray Tapajna
*1 Update: (10/2002, The Bureau of Labor Statistics admits that over 4 million unemployed who gave up trying to find for work are not counted as unemployed- the figure is more than likely higher than even this.)......
Unemployment reporting can not be compared to past reporting. Today, the Bureau of Labor Statistics unemployed data is based on monthly sample interviewing of 50,000 households with occupants over age 16. Those occupants are asked if they were looking for work in a certain week in the previous month. If they say yes, they are considered unemployed. If they say no, they are not unemployed, even if they have no job. If a person says they are working on the family farm or in the family business without any pay, while looking for a job, they too are considered employed. Unemployment stats no longer can be obtained at the unemployment offices because only about 1/3rd of all workers now qualify for unemployment. They either do not make enough money to qualify or they have not been with a employer long enough to qualify......and... A person making only a $100 a month is also considered employed. Also, temporary, part-time, casual labor and contract workers no matter what they make or hours they work are considered employed. In the past, unemployment was based on full-time 40 hour a week jobs with benefits and unemployment reporting was based on those reporting to the unemployment offices. Today there is no reason from many to report because they do not qualify for benefits. The BLS admits this and this is why they say they have to do the sampling of 50,000 household instead. ...ASHOKA-GETTING AMERICAN WORKING reports that almost half our country's human capacity is being used and there are also many missing in action hidden from any kind of reporting as if they did not exist at all.
The missing jobs- where are they?
From Federal Trade Commission site concerning: Keep the Made in USA Label as is- 1998 Comment 293 and not much as changed since then. President Bush covers all this with wars. He followed in President Clinton's footsteps. Our unemployment rates are a facade. President Obama follows Bush and Clinton and continues to hide the causes of the economic crisis and backs up the Stock Market before helping workers.
Comments P894219 by Ray Tapajna
IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEEN A BAD ONE
1. (Updated 2002 ) ---Unemployment stats do not cover those who gave up looking for work or who have lost subsequent jobs that do not carry any unemployment benefits. (Note: this item has been updated 2006. See above comments and in October 2002, The Bureau of Labor Statistics acknowleged that 4 million people who are discouraged and stop trying to find a job are not part of the unemployed rate. The BLS does not take their stats any longer based on unemployment offices since only about 38% of all workers now qualify for unemployment benefits. This should fact alone shoul tell them that there are more than 4 million "missing in action" from any kind of reporting.)
2. Actually 1/3rd of all workers are unemployed or underemployed.
3. Only 50% of all jobs are now full time jobs based on a 40 hour standard and carry unemployment benefits. Workers who lose other jobs are "missing in action" in the stats.
4. Even 10 hour a week jobs are now reported as new jobs. With those having up to 4 jobs at one time, the jobs are being reported as 4 jobs per worker and not as 4 separate jobs.
5. 70% of all workers are let go prior to age 65. Virtually none have a pension except for social security. Most have only a few hundred dollars in the bank.
6. 33% of all those over 55 years old are unemployed and most will never find another job.
7. 30% of all workers lost their jobs in the 1980s.
8. 33% of all businesses have closed down since 1976.
9. 50% of all young blacks in the inner city are unemployed.
10. 70% of all college grads are not working in the field for which they were trained.
11. 20% of all college grads are unemployed or in jobs not requiring any degrees.
12. The value of most existing jobs have been discounted up to 50% (hours per week, benefits, hourly rates, etc.)
13. A worker who worked their way through college in the 1950s made the equivalent of $15 to $20 an hour in the factories. If these jobs were available today there would be lines of applicants trying to get them including college grads and not as a means but as end.
14. 80 to 90% of all new business startups fail in the first few years.
15. The term downsized indicates a company is still functioning but in many cases, the only thing remains of the so-called downsized company in this country is its brand name.
16. Full-time workers who still have jobs are complaining about working 60 to 70 hours a week because employers refused to hire new workers.
17.Companies complain about not being able to find skilled workers after they already have layed off seasoned workers with full skills for the sake of the slow times. Then they no longer want to train new workers themselves as they did in the past. They want workers with mobile skills expecting them to be available at will.
18. In the 1940s to the 1970s, it was the shop foreman who tamed the streets by taking the young off the streets and teaching them a skill. In turn the young men were paid enough to get married, buy a home and have children. We still use the product they once made but now the products come from far away places. We have exported decent paying jobs.
19. Meanwhile there is a 300% increase in bank and food store robberies with no real jobs available to a vast grouping of workers. (During the 1990s, over 20 Arab American Grocers in Cleveland, were killed during robberies while President Clinton declared statistical prosperity)
20. Workers now pay more in payroll taxes that they do in income taxes. A worker making only $10,000 a year pays out close to 20% of their income in taxes covering payroll, medicare, local and state taxes. A person in their own business pays out even more due to a double payroll tax.
21. Meanwhile the stock market flourishes when workers get fired instead of hired. In the years before the 1980s, companies were judged on how many employees they could hire and still make a profit. Now the stock market counts on people getting fired to show more productivity while workers are stressed out doing the work of what three people did at one time.
22. Contract workers, part-time workers and temporary workers have grown ten-fold in the past few years. These jobs usually have no benefits and those who hold these job involuntarily because they can not find a real job are considrered employed.
23. 40% of our people have no health benefits. We have health care workers working for just over minimum wage taking care of the sick while they hve no health benefits of their own.
24. People are being taken off welfare at a time when there are no real jobs available. Meanwhile work-fare people take jobs away from the higher paid workers in the same field. At the other end, investors wait for the latest word from the Federal Reserve Trust of Banks based on the misery of a working poor class.
25. There is no basis in history for any of this. When the Feds say we are enjoying the best unemployment rate compared to the past, it is a functioning lie because the comparisons are not valid.
26. We live in an age when the President can go jogging blocks away from third world conditions in Washington DC and then come back and tell people how wonderful economy is.
27. We have a service economy with most of our factory production and small farming exported to other countries. A service economy is like a poker game with just so much money on the table. Only one or two persons go home winners shuffling the same money around. The rest go home broke. When an economy does not have added levels of value added from the initial raw product up to the finished product through distribution levels up to retail, there is no way to support many communities and that is why so many towns are dying and our inner cities resemble third world countries.
28. In bigger cities like Cleveland Ohio, the largest employers are now governments- Federal , County, State and Local governments, followed by education and the medical fields. In a sense, these are all parasite jobs dependent on a tax base first. The tax base depends on many value added levels of manufacturing, farming and commerce. A service economy can not survive on its own if all depend on a tax base to operate.
29. A growing upper middle class is flourishing at the expense of the lower classes. We are now living off the working poor in the USA and the destitute workers abroad. Impoverished workers will not go quietyly into the night of serfdom.
30. As consumers, we vote for what kind of society we want at the check out counter and not in the voting booth. Both political parties are deep into the global one world economy where the American Worker is put on a world trading block as a commodity to compete with 20 cents an hour workers and even slave labor.
31. GATT and NAFTA are total failures with our trade deficit soaring out of control. GATT and NAFTA are not that new and been fostered for many years without the full confirmation of Free Trade under GATT and NAFTA. ( Now we have almost a ten year history on both GATT and NAFTA too and they have obviously failed completely to offer a better life for the majority of workers anywhere.) There is really no precedence in history for this type of world trade. Roosevelt said that economic diseases are highly communicable. Uncontrolled trading is like sex, When you sleep with someont, you sleep with everyone else your partner has slept with. In uncontrolled Free Trade ( which is really moving production from place to place based on finding the lowest labor markets and not it is not really based on trading products per se.), you pass on all the economic , social, cultural and geopolitical diseases of your trading partners. ( which now evidently includes wars and terrorism.)
32. In essence, we have taken tariffs off products and put tariffs on workers instead with the American worker carrying the largest tariff in the world on their work.
33. Economics has its own ecology and when that ecology is out of balance, the real product becomes cash flow and when only money goes transnational one does not need any conspiracy theories to know our sovereignty will follow the money.
34. High techology is not the answer. The so called internet super highway is only a suspension bridge in the sky to get us one place to another faster. We still need something at both ends to support the bridge. Bits and bytes can come from anywhere in the world and in places like India, they can do the work at a fraction of our costs. In France, they have had their version of the internet in almost every home since 1980 with little results. The government subsidized the startup and still does the same as the only way to support it until now. Now the pornographic industry uses it as ideal vehicle to peddle its thrash. The government is hooked on the revenue from this terrible pursuit . At the same time, thousands of French march in protest for better jobs. It is now apparent that our economy was much better before the computer revolution too. Prior to the computer revolution, there was a much better economic balance and the American Dream was alive.
35. Now, we have predatory Capitalist system where anything goes. More people need emergency food. While glowing reports about the economy continues, 750,000 steel workers , over 250,000 auto workers and over a million workers in the computer field have lost their jobs in recent years. There is no micro computer manufacturer left in this country. Meanwhile, auto manufacturers build new auto plants in Mexico with no need for employee parking lots. Workers can not afford to buy the products they make. Other companies move to far away places to escape the overhead of the entitlements or ecology regulations. One of our biggest exports is pollution.
( Extra Note : 1998 - Top investment magazine UPSIDE, reported that even in the Silicon Valley, high tech workers who lose their jobs after age 40 will most likely never find another job in their field. At the same time, it was also reported that many workers at places like Microsoft would go on strike if given a chance because working conditions were so bad with many holding only temporary and contract jobs with no benefits. In 1998 alone, more than 250,000 lost their jobs in the high tech area - we noted these job losses in other reports at Bizarre Politics. )
Since 1998 FTC Comment 293 - not much changed in 2002, 2006 and now in 2009 . President Bush followed in President Clinton's footsteps. Both used wars to cover our economic woes. Hurricane Katrina in 2005 vividly showed how a Silent Depression is real in our land. And now President Obama hides the facts behind his bailing out big money. The same people who created all these problems are put in place to correct them.
God help us now!
Can you hear me now !
IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEE A BAD ONE - 1998, 2002, 2006, 2009 REPORT
IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEE A BAD ONE- { Updated 2006 } From Made in the USA commentaries by Ray Tapajna on the Federal Trade Commission in 1998 when a statistical prosperity was reported. (see below or for original list -click: Federal Trade Commission article by Ray Tapajna
*1 Update: (10/2002, The Bureau of Labor Statistics admits that over 4 million unemployed who gave up trying to find for work are not counted as unemployed- the figure is more than likely higher than even this.)......
Unemployment reporting can not be compared to past reporting. Today, the Bureau of Labor Statistics unemployed data is based on monthly sample interviewing of 50,000 households with occupants over age 16. Those occupants are asked if they were looking for work in a certain week in the previous month. If they say yes, they are considered unemployed. If they say no, they are not unemployed, even if they have no job. If a person says they are working on the family farm or in the family business without any pay, while looking for a job, they too are considered employed. Unemployment stats no longer can be obtained at the unemployment offices because only about 1/3rd of all workers now qualify for unemployment. They either do not make enough money to qualify or they have not been with a employer long enough to qualify......and... A person making only a $100 a month is also considered employed. Also, temporary, part-time, casual labor and contract workers no matter what they make or hours they work are considered employed. In the past, unemployment was based on full-time 40 hour a week jobs with benefits and unemployment reporting was based on those reporting to the unemployment offices. Today there is no reason from many to report because they do not qualify for benefits. The BLS admits this and this is why they say they have to do the sampling of 50,000 household instead. ...ASHOKA-GETTING AMERICAN WORKING reports that almost half our country's human capacity is being used and there are also many missing in action hidden from any kind of reporting as if they did not exist at all.
The missing jobs- where are they?
From Federal Trade Commission site concerning: Keep the Made in USA Label as is- 1998 Comment 293 and not much as changed since then. President Bush covers all this with wars. He followed in President Clinton's footsteps. Our unemployment rates are a facade. President Obama follows Bush and Clinton and continues to hide the causes of the economic crisis and backs up the Stock Market before helping workers.
Comments P894219 by Ray Tapajna
IF THIS IS A GOOD ECONOMY, I WOULD HATE TO SEEN A BAD ONE
1. (Updated 2002 ) ---Unemployment stats do not cover those who gave up looking for work or who have lost subsequent jobs that do not carry any unemployment benefits. (Note: this item has been updated 2006. See above comments and in October 2002, The Bureau of Labor Statistics acknowleged that 4 million people who are discouraged and stop trying to find a job are not part of the unemployed rate. The BLS does not take their stats any longer based on unemployment offices since only about 38% of all workers now qualify for unemployment benefits. This should fact alone shoul tell them that there are more than 4 million "missing in action" from any kind of reporting.)
2. Actually 1/3rd of all workers are unemployed or underemployed.
3. Only 50% of all jobs are now full time jobs based on a 40 hour standard and carry unemployment benefits. Workers who lose other jobs are "missing in action" in the stats.
4. Even 10 hour a week jobs are now reported as new jobs. With those having up to 4 jobs at one time, the jobs are being reported as 4 jobs per worker and not as 4 separate jobs.
5. 70% of all workers are let go prior to age 65. Virtually none have a pension except for social security. Most have only a few hundred dollars in the bank.
6. 33% of all those over 55 years old are unemployed and most will never find another job.
7. 30% of all workers lost their jobs in the 1980s.
8. 33% of all businesses have closed down since 1976.
9. 50% of all young blacks in the inner city are unemployed.
10. 70% of all college grads are not working in the field for which they were trained.
11. 20% of all college grads are unemployed or in jobs not requiring any degrees.
12. The value of most existing jobs have been discounted up to 50% (hours per week, benefits, hourly rates, etc.)
13. A worker who worked their way through college in the 1950s made the equivalent of $15 to $20 an hour in the factories. If these jobs were available today there would be lines of applicants trying to get them including college grads and not as a means but as end.
14. 80 to 90% of all new business startups fail in the first few years.
15. The term downsized indicates a company is still functioning but in many cases, the only thing remains of the so-called downsized company in this country is its brand name.
16. Full-time workers who still have jobs are complaining about working 60 to 70 hours a week because employers refused to hire new workers.
17.Companies complain about not being able to find skilled workers after they already have layed off seasoned workers with full skills for the sake of the slow times. Then they no longer want to train new workers themselves as they did in the past. They want workers with mobile skills expecting them to be available at will.
18. In the 1940s to the 1970s, it was the shop foreman who tamed the streets by taking the young off the streets and teaching them a skill. In turn the young men were paid enough to get married, buy a home and have children. We still use the product they once made but now the products come from far away places. We have exported decent paying jobs.
19. Meanwhile there is a 300% increase in bank and food store robberies with no real jobs available to a vast grouping of workers. (During the 1990s, over 20 Arab American Grocers in Cleveland, were killed during robberies while President Clinton declared statistical prosperity)
20. Workers now pay more in payroll taxes that they do in income taxes. A worker making only $10,000 a year pays out close to 20% of their income in taxes covering payroll, medicare, local and state taxes. A person in their own business pays out even more due to a double payroll tax.
21. Meanwhile the stock market flourishes when workers get fired instead of hired. In the years before the 1980s, companies were judged on how many employees they could hire and still make a profit. Now the stock market counts on people getting fired to show more productivity while workers are stressed out doing the work of what three people did at one time.
22. Contract workers, part-time workers and temporary workers have grown ten-fold in the past few years. These jobs usually have no benefits and those who hold these job involuntarily because they can not find a real job are considrered employed.
23. 40% of our people have no health benefits. We have health care workers working for just over minimum wage taking care of the sick while they hve no health benefits of their own.
24. People are being taken off welfare at a time when there are no real jobs available. Meanwhile work-fare people take jobs away from the higher paid workers in the same field. At the other end, investors wait for the latest word from the Federal Reserve Trust of Banks based on the misery of a working poor class.
25. There is no basis in history for any of this. When the Feds say we are enjoying the best unemployment rate compared to the past, it is a functioning lie because the comparisons are not valid.
26. We live in an age when the President can go jogging blocks away from third world conditions in Washington DC and then come back and tell people how wonderful economy is.
27. We have a service economy with most of our factory production and small farming exported to other countries. A service economy is like a poker game with just so much money on the table. Only one or two persons go home winners shuffling the same money around. The rest go home broke. When an economy does not have added levels of value added from the initial raw product up to the finished product through distribution levels up to retail, there is no way to support many communities and that is why so many towns are dying and our inner cities resemble third world countries.
28. In bigger cities like Cleveland Ohio, the largest employers are now governments- Federal , County, State and Local governments, followed by education and the medical fields. In a sense, these are all parasite jobs dependent on a tax base first. The tax base depends on many value added levels of manufacturing, farming and commerce. A service economy can not survive on its own if all depend on a tax base to operate.
29. A growing upper middle class is flourishing at the expense of the lower classes. We are now living off the working poor in the USA and the destitute workers abroad. Impoverished workers will not go quietyly into the night of serfdom.
30. As consumers, we vote for what kind of society we want at the check out counter and not in the voting booth. Both political parties are deep into the global one world economy where the American Worker is put on a world trading block as a commodity to compete with 20 cents an hour workers and even slave labor.
31. GATT and NAFTA are total failures with our trade deficit soaring out of control. GATT and NAFTA are not that new and been fostered for many years without the full confirmation of Free Trade under GATT and NAFTA. ( Now we have almost a ten year history on both GATT and NAFTA too and they have obviously failed completely to offer a better life for the majority of workers anywhere.) There is really no precedence in history for this type of world trade. Roosevelt said that economic diseases are highly communicable. Uncontrolled trading is like sex, When you sleep with someont, you sleep with everyone else your partner has slept with. In uncontrolled Free Trade ( which is really moving production from place to place based on finding the lowest labor markets and not it is not really based on trading products per se.), you pass on all the economic , social, cultural and geopolitical diseases of your trading partners. ( which now evidently includes wars and terrorism.)
32. In essence, we have taken tariffs off products and put tariffs on workers instead with the American worker carrying the largest tariff in the world on their work.
33. Economics has its own ecology and when that ecology is out of balance, the real product becomes cash flow and when only money goes transnational one does not need any conspiracy theories to know our sovereignty will follow the money.
34. High techology is not the answer. The so called internet super highway is only a suspension bridge in the sky to get us one place to another faster. We still need something at both ends to support the bridge. Bits and bytes can come from anywhere in the world and in places like India, they can do the work at a fraction of our costs. In France, they have had their version of the internet in almost every home since 1980 with little results. The government subsidized the startup and still does the same as the only way to support it until now. Now the pornographic industry uses it as ideal vehicle to peddle its thrash. The government is hooked on the revenue from this terrible pursuit . At the same time, thousands of French march in protest for better jobs. It is now apparent that our economy was much better before the computer revolution too. Prior to the computer revolution, there was a much better economic balance and the American Dream was alive.
35. Now, we have predatory Capitalist system where anything goes. More people need emergency food. While glowing reports about the economy continues, 750,000 steel workers , over 250,000 auto workers and over a million workers in the computer field have lost their jobs in recent years. There is no micro computer manufacturer left in this country. Meanwhile, auto manufacturers build new auto plants in Mexico with no need for employee parking lots. Workers can not afford to buy the products they make. Other companies move to far away places to escape the overhead of the entitlements or ecology regulations. One of our biggest exports is pollution.
( Extra Note : 1998 - Top investment magazine UPSIDE, reported that even in the Silicon Valley, high tech workers who lose their jobs after age 40 will most likely never find another job in their field. At the same time, it was also reported that many workers at places like Microsoft would go on strike if given a chance because working conditions were so bad with many holding only temporary and contract jobs with no benefits. In 1998 alone, more than 250,000 lost their jobs in the high tech area - we noted these job losses in other reports at Bizarre Politics. )
Since 1998 FTC Comment 293 - not much changed in 2002, 2006 and now in 2009 . President Bush followed in President Clinton's footsteps. Both used wars to cover our economic woes. Hurricane Katrina in 2005 vividly showed how a Silent Depression is real in our land. And now President Obama hides the facts behind his bailing out big money. The same people who created all these problems are put in place to correct them.
God help us now!
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