Long term unemployed
As jobs have struggled to bounce back, and remain well below pre-pandemic levels, the economy overall, as measured by real GDP, surpassed its pre-pandemic record in Q2 2021. Consumer spending surpassed its pre-pandemic record in Q1 2021. Private investment in buildings, equipment, and the like started setting new records in Q4 last year. Retail spending, which is part of consumer spending but doesn’t include services, has been blowing out every record all year.
But the number of people actually working to accomplish these feats is down by 4.7 million. Let that sink in for a moment.
When the Biden administration says unemployment is low, they're just not counting millions of long term unemployed people.
They're literally just pretending the problem doesn't exist.
The last time labor force participation was this low, Jimmy Carter was President. pic.twitter.com/cu3brIAAUW
— Lee 🌽 Carter (@carterforva) November 5, 2021
Jul: Build Back Better™
Aug: Build Back Somewhat Better™
Sept: Build Back Better But Hey Let’s Not Get Carried Away™
Oct: Build Back Better, So Long As We Check With Corporate America First™
Nov: Build Back The 1%, Then They Can Decide Who Gets To Live Better Or Die™
— Kevin Gosztola (@kgosztola) November 3, 2021
U.S. war buildup
New Marvel film puts spotlight on Hollywood’s military ties Responsible Statecraft
The latest Marvel blockbuster “Eternals” is causing quite a stir for its problematic portrayal of the Hiroshima bombing and has reignited critiques of Marvel’s collaboration with the Pentagon, showing how military propaganda is entrenched in our pop culture. … Critics took issue with Marvel’s first gay black character being portrayed as a “war criminal”
See yesterday’s news links here
Send suggestions and comments to [email protected]