Moronic Self-Serving Stimulus Package

In this video Afshin Rattansi interviews Paul Craig Roberts. Roberts tells Rattansi that everyday 20,000 Americans lose their jobs. The United States economy is imploding yet new wars are being waged. The corporations do not care about Americans, only their banks, which is who they will bailout.

Obama’s Billions: Afshin Rattansi & Fmr. Asst. Treasury Sec. on “Morons”

Driving Over the Cliff
More by Paul Craig Roberts

Is there intelligent life in Washington, DC? Not a speck of it.

The US economy is imploding, and Obama is being led by his government of neconservatives and Israeli agents into a quagmire in Afghanistan that will bring the US into confrontation with Russia, and possibly China, American’s largest creditor.

The January payroll job figures reveal that last month 20,000 Americans lost their jobs every day.

In addition, December’s job losses were revised up by 53,000 jobs from 524,000 to 577,000. The revision brings the two-month job loss to 1,175,000. If this keeps up, Obama’s promised three million new jobs will be wiped out by job losses.

Statistician John Williams ShadowStats reports that this huge number is an understatement. Williams notes that built-in biases in seasonal adjustment factors caused a 118,000 understatement of January job losses, bringing the actual January job loss to 716,000 jobs.

The payroll survey counts the number of jobs, not the number of employed as some people have more than one job. The Household Survey counts the number of people who have jobs. The Household Survey shows that 832,000 people lost their jobs in January and 806,000 in December, for a two month reduction of Americans with jobs of 1,638,000. Full Story

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