Jobs and politics

So the jobs report came out just now: 214,000 jobs added, for a 5.8% unemployment rate. It’s the lowest unemployment rate since spring 2008. But “Obamacare” is killing jobs, according to the GOP. Try another joke, guys. This one is falling flat. The American electorate has just voted in a Republican majority to the House and the Senate. Let’s see how successful the Republican Congress will be in reducing the unemployment rate any further. I’m not holding my breath.

The poor get poorer and the rich get … gone

JISHOU, HUNAN — The problem we face today, says Mike Lofgren in The American Conservative, is not a widening gap between rich and poor, but that the super-wealthy choose to stand aloof from society at large. The rich are the new secessionists, Lofgren argues. Rather than be part of society and do “good works,” as Andrew Carnegie did with his millions, today’s billionaires seek only to suck more money from the 99% who don’t really have much of it. What I mean by secession is a withdrawal into enclaves, an internal immigration, whereby the rich disconnect themselves from the civic life of the nation and from any concern about its well being except as a place to extract loot. Most remarkably, this thought-provoking and incisive essay is not the product of a wide-eyed progressive or a McGovernite liberal, but a conservative who served 16 years on the Republican staff of the House and Senate Budget Committees. A conservative writer who thinks logically! Truly a dying breed. Lofgren compares America’s ultra-rich — which he notes include Republic presidential nominee Mitt Romney — to the upper-class British living in colonial India. They lived in India, but they were not a part of ...
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