The lack of any meaningful proposal by either major US political party to address mass unemployment in the 2012 election underscores the fact that the two big business parties have nothing to offer the unemployed and are indifferent to their plight.
Whenever politicians from either party speak of plans to “create jobs,” they mean only further deregulation, tax cuts, or outright cash handouts to corporations.
This fact given was vivid expression by the so-called “JOBS act,” which passed 390 to 23 in the House of Representatives Thursday after gaining the White House’s endorsement earlier in the week. This act, whose name is an acronym for “Jump-starting Our Business Startups,” is an attempt to palm off yet another corporate boondoggle as a measure to put people to work.
The act would exempt companies worth less than $50 million from regulation by the Securities and Exchange Commission, up from the current $5 million. It will likewise quadruple the number of shareholders a bank can have before having to register with the SEC.
i hope everybody grasps that and remembers it.
this is an election year. and we have the worst jobs crisis since the great depression. but who's taking the time to even try to address it and present a plan - not a slogan - of how they're going to create and provide jobs for all the americans who need them?
over 12 million americans continue to look for jobs and can't find them - even more have given up after searching and searching for years.
who will address this problem?
when that gets answered, there might be reason to vote.
let's close with c.i.'s 'Iraq snapshot:'