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Obama Readies Tepid Jobs Plan While The Right Settles in for Economic Apocalypse

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opednews.com Headlined to H3 9/5/11

NEW YORK, Labor Day Weekend 2011 -- The magic wand is being readied in the White House as the President and his minions finally unwrap the mother of all jobs plans that will be revealed to the rest of us in a speech next Thursday before the cameras and Congress with the gravitas-packed aura of a State of the Union Address.

Attention, collapsing economy: you finally have the big man's attention. Nearly 70 organizations are pressing the President to take strong action.

Please give him a break. He's been busy tending to Empire business -- waging GWOT warfare on IraqAfghanistanLibyaYemenPakistanSomalia et al. ...

Call it the greatest "long war" in American history: an unending and unbelievably expensive intervention justified as necessary to keep us safe.

We can assume that contingency plans for new wars with Syria, Iran and the Republic of Wikileaks are being drafted as we speak.

The challenge this week is to bring together all of the Administration's sophisticated strategic planning, disciplined focus and "get it done" fervor finally to straighten out this out of control economic mess.

There are jobs to produce and one big job to save.

One hardly expects any sort of mea culpa or acknowledgment that the masters of the economic universe Obama appointed, like Geithner, Summers, Rohmer and Golsbee may not have served us well, i.e., may have blown it big time.

That's history; Obama now has as a new Ivy League adviser, Alan Kreueger, who was, in fact, an old adviser and Geithner crony.

But, let's not be negative. Forget the past and banish any suggestion of a blame game.

Except, of course, for a clear but unspoken missive for the likes of policy critics Robert Reich and Paul Krugman. To them, the White House says, "Drop Dead!"

What do you they know?

Instead, let's look ahead at the next media event, a now 7PM barely "prime time" (Prime Time always starts at 8) speech to Congress in which, at last, "do something big economic recovery secrets" that have so far eluded us, will be revealed.

The timing couldn't be worse. Economist Max Wolff tells us, "For the second time in monthly jobs report history we have created no new jobs. ...We continue to see consistent and large job losses at the local government level ... It is particularly alarming to see cuts remain concentrated among those who work in public schools."

The brilliant Eric Jantzen of iTulip.com says, time's up: "attempts to restart the FIRE Economy -- the economy oriented around the finance, insurance, and real estate industries -- will fail at the expense of the Productive Economy -- the economy of goods and services produces that employs over 90% of consumers.

"If policy makers persist with this wrong-headed approach ... the result will be persistent high unemployment, a depreciating dollar, rising consumer price inflation, falling home prices, and rising budget deficits."

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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I thought it was this Thursday... by Arend Rietkerk on Wednesday, Sep 7, 2011 at 12:10:06 AM
Let's cut to the chase.  Americans are witnes... by Paul Kruger on Wednesday, Sep 7, 2011 at 9:01:25 AM