Skip to comments.Obama’s Recovery Is Built On ‘McJobs’
Posted on 05/02/2011 4:57:25 AM PDT by IbJensen
McDonald's announced that it received a million applications across the country for what amounted to 62,000 low-skill jobs. What does that say about the state of job creation in this country?
For 62,000 Americans, the heavy weight of unemployment has been lifted by much-maligned McDonald's, the fast-food giant whose employment opportunities were once belittled by the left during the Reagan era as "McJobs."
As for the 938,000 others, the intolerable world of life without work remains. So let's get one thing straight: There is no such thing as undignified work.
A million people have clearly shown that by standing in blocks-long lines reminiscent of the Great Depression for the chance to cook burgers, drop fries, sweep floors and ring up orders.
But that so many would have to seek such a low-skill, low-wage job under such competitive conditions tells us a lot about what the business climate and the job market are like out there.
(Excerpt) Read more at investors.com ...
It hasn't dawned on the average American voter (Spanish speaking, or negro welfare recipient)that Obozo's supporters don't care about the FED, the overwhelming bureaucracy or the infantile Marxists who are ruining the nation.
And McJobs are enabled by a McExemption from Obamacare, it seems.
Make that “part time McJobs”.
| Bernanke said 2011 growth has slowed to less than a 2 percent in the first three months of this year. The Fed chairman said: ''most of the factors that account for the slower growth in the first quarter appear to us to be transitory.''
Right Mr. Chairman, 'transitory' in the same way the current administration is 'transitory'. The first won't end until the other ends. And I guess if we enter the worldwide socialism club, we'll never have to worry about growth again.
All I know is that if they tell us we had 1.8% growth, it really means we had no growth or negative growth.
He's preparing for the start of QE3. It's all fiat money now, meaning that it has value only because the Fed says it does! The Fed will have printed about $1.8 trillion from the end of 2008 to the end of June, 2011 - partly to finance staggering federal government deficits of nearly $4.5 trillion over the three years.
The Fed's actions are undermining the dollar precisely because that's what the White House wants
Welcome to the 1970s: low growth, high inflation. And the Keynesians argued this can't happen.
The whole QE2 pump-priming hasn't stimulated economic growth, but has stimulated inflation.
It's all virtual money now!
Hope and Change.... Tragic.