Playing With the Unemployment Crisis

 

By Masood Kazerani

Nov. 13, 09

 

US economic planners’ lack of understanding of unemployment crisis currently underway in that country and around the globe is actually unprecedented in history.

 

Yesterday, US President Obama announced his intention to hold a jobs forum at his palace – the White House – next month. Using his usual sympathetic language, he said he felt bad that he couldn’t do all that was necessary to solve the unemployment crisis.

 

"We all know that there are limits to what government can and should do, even during such difficult times. But we have an obligation to consider every additional responsible step that we can to encourage and accelerate job creation in this country” Said Obama.

 

Is that so? Will he talk to the Chinese and let them know before going to do that? Or do some arrangements with Southeast Asia and India prior to his job creation program begins.

 

Obama’s promises of more jobs and economic recovery are just pipe dreams designed to astray peoples’ concerns for a while. The Obama administration knows full well that there is no hope of creating jobs in the real sense of the word.

 

Most productive jobs in the US have moved overseas. Those sectors that still remain aren’t enough to sustain a country with a population of 300 million people.

 

This is a crisis of capitalism. It’s not just a temporary break before productive forces start to come back. Obama wouldn’t do what FDR did, like creating a massive jobs program during the big depression in the 30’s, because he understands that circumstances have changed substantially.

 

The United States is no longer the same powerhouse as it was back in the beginning of the twentieth century. Today there are big players like china, India, Brazil, Russia, Europe and other developing countries that could manufacture almost all their day-to-day manufacturing needs and export them too very inexpensively.

 

This is not the time to buy refrigerators, washing machines, clothes and cars from U.S. manufacturers. For sure, this trend would not change anytime soon.

 

What’s on Wall Street’s mind these days is that there must be more money printing activities as well as a greater military presence in the oil producing regions, particularly in the Middle East, as the US Dollar and oil have more than direct relationship to one another. In short, the idea is to try to roll the two together for as long as possible.

 

Wall Street / AIPAC duo will dictate their agendas on Obama and the latter will have a go at stretching the show, zigzagging with double talks and giving more empty promises. 

 

The best thing that can happen is if financiers and gurus, including Obama himself, could keep their own jobs before the depression hits.

 

Masood Kazerani is a freelance journalist/ reporter specializing in current world affairs, travel and tourism. He writes for: https://hamsayeh.net