Ho hum, another month, another quarter million new jobs. Obama's job creation streak is a new record by what, a year? You don't hear that on the news, and if it's talked about at all the Conservatives always say, 'but they're low paying jobs'. No actually they're replacing the same jobs lost by Bush, most pay pretty good. Of course the definition of 'pretty good' has been changing.
The median wage of hourly workers is a little over $22/hour, meaning half of Americans make less than that. The problem is that by 1968 standards $22/hour should be the minimum wage, you know like the kid slinging burgers was making at the Golden Arches while the latest Beatles hit played on the AM radio.
In 1968 we still ran a Trade Surplus, you know like China does now to the tune of $700 billion/year. We still had tariffs then like China does now, we'd had them from 1790. It was no secret in 1968 that the US oil shortage was a problem, in five years it would be a huge problem. Solar technology had been developed 50 years before, but no one that could understand the math was listened to. Jimmy Carter would make some inroads into people's thinking but Reagan would erase that.
Today China adds more solar production each year than the US has built to this point in history. China pretty much does more of everything in a year than the US ever has. It's to be expected, the US is a third world country. Okay the US is really populated by 300 million temporarily embarrassed millionaires. Or do you subtract the 47% who don't pay income taxes from that number because they're just lazy? Yeah, that guy is back and bashing Trump.
You have to wonder why Trump scares the crap out of the Republicans? It's not the fascism, they're all cool with that, they could bring the Jack Boots and riding crops out from their Sex Dungeons.
Trump keeps saying Populist things like 35% tariffs, that's what scares them. He might turnout to be some sort of class traitor like FDR. Too bad Trump is so fucking crazy. Oh wait, we could all just vote for Bernie, he scares them even more.
Twitter @BruceEnberg - Scaring the crap out of Conservatives is the Order of the Day.