"Jobs traditionally held by teens are "in declining industries -- where workers are being replaced by technology and/or outsourcing -- or in growing industries that appear to be employing other types of workers, such as young adults or immigrants," the Boston Fed report said."
Grass cutting and hamburger flipping are declining industries? And when our new four engine jet bombers reach the front, we can turn things around! There is madness in every direction, a delusional belief that this charade can continue indefinitely, while the thud of heavy artillery can be heard in the distance. The recent death rattle cough of emerging market economies combined with a slowing Chinese economy means time grows short; the enemies of delusion are at the gate. The Federal Reserve continues pumping between $65 and $75 billion each month in freshly printed dollars into a corpse, which the media and the government call "the recovery."
Retail sales fell in January after December sales barely beat the rate of inflation. The Christmas season has ceased to exist, but soon, our new four engine jet bombers will make things right again.
The adherents of Free Trade have destroyed the economy, turning our cities into wastelands. These adherents of Neo-liberalism are Fascists, who believe themselves superior to the untermunchin population of 307 million. They practice economic terrorism against the American people, in nothing less, than a scorched earth policy. Subsidizing the low --wage gulags, waiting for the new four engine jet bombers to turn things around before the Chinese bubble bursts.
You cannot abandon a part of the people; to abandon one is to abandon all. Be it playing air guitar while people drowned in New Orleans or by cutting unemployment benefits. It is nothing less than Capitalist terrorism, leaving millions of Americans destitute and then blaming them for it. The poverty of the multitudes destroys the fantasy and acknowledging their poverty is admitting defeat.
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