Zero Job Growth Latest Bleak Sign for U.S. Economy

By SHAILA DEWAN, The New York Times

Published: September 2, 2011

August brought no increase in the number of jobs in the United States, a signal that the economy has stalled and that inaction by policy makers carries substantial risk.

…

Mr. Obama, who instructed the Environmental Protection Agency on Friday to pull back on more stringent standards on ozone emissions in response to complaints that they would hurt hiring, is expected to propose tax incentives to promote hiring and infrastructure spending. He also is expected to renew the payroll tax cut and extend unemployment benefits, both of which are set to expire.

…

Much of the movement that did appear in the jobs report went in the wrong direction. Revised numbers showed that job growth in June and July was smaller than previously indicated. In August, wages fell and the average number of hours worked inched down – a sign that businesses had less for employees to do.

Governments continued to cut jobs, the Labor Department reported. Small gains at the state level were attributed in part to the return of workers from the government shutdown in Minnesota. Local governments lost 20,000 jobs as they continued to struggle with budget shortfalls and the disappearance of federal stimulus money.

Black unemployment: Highest in 27 years

By Annalyn Censky @CNNMoney

September 2, 2011: 3:13 PM ET

Black unemployment surged to 16.7% in August, its highest level since 1984, while the unemployment rate for whites fell slightly to 8%, the Labor Department reported.

…

Overall, black men have it the worst, with joblessness at a staggeringly high 19.1%, compared to 14.5% for black women.

Black unemployment has now remained above 10% for four straight years, and the given current economic sluggishness, some experts say it’s safe to predict the rate will remain above 10% for four more years.

White House Expects Persistently High Unemployment

By JACKIE CALMES, The New York Times

Published: September 1, 2011

The White House budget office forecast on Thursday that unemployment would remain at 9 percent through the 2012 presidential election year, an outlook that it said calls for the sort of the job-creating tax cuts and spending President Obama will propose next week.

The unemployment outlook for the next 16 months reflects a 9.1 percent rate this year, down slightly from the 9.3 percent forecast when President Obama made his annual budget request in February. Next year, the projected jobless rate is 9 percent, up from 8.6 percent in the February forecast.

Unemployment will not return to the 5 percent range until 2017, the budget office said, reflecting the intensity of the hangover from the most severe recession since the Great Depression.

While the budget office’s unemployment forecast for 2012 is no surprise given similar private sector projections, it amounts to the White House’s official acknowledgement of the political hurdle in Mr. Obama’s path to re-election.

Labor unions adjust to new reality under Obama

By SAM HANANEL, Associated Press

3 hours ago

It’s a far cry from the early optimism unions had after Obama came into office. Back then, unions hoped a Democratic-controlled Congress would pass legislation to make it easier for unions to organize workers. But business groups fought that proposal hard, and it never came to a vote.

Union leaders grew more disappointed when the president’s health care overhaul didn’t include a government-run insurance option. Then Obama agreed to extend President George W. Bush’s tax cuts for the wealthy.

Obama came out in favor of trade agreements with South Korea, Colombia and Panama that most unions say will cost American jobs. Despite campaigning in favor of raising the minimum wage from $7.25 to $9.50 an hour, Obama hasn’t touched the issue since taking office.

…

(L)abor’s frustration with Obama reached new heights this summer as Trumka accused him of working with tea party Republicans on deficit reduction instead of “stepping up to the plate” on jobs.

Labor unions and other liberal groups want Obama to push a major stimulus bill with hundreds of billions of dollars in new spending on infrastructure projects like roads, bridges and transit systems. Even if it’s rejected in the GOP-controlled House, unions want to see Obama show more leadership and take a bold stand in favor of stimulus spending.

That’s not likely to happen.

…

(U)nions have begun shifting money and resources out of Democratic congressional campaigns and back to the states in a furious effort to reverse or limit GOP measures that could wipe out union rolls.

The AFL-CIO’s president, Richard Trumka, says it’s part of a new strategy for labor to build an independent voice separate from the Democratic Party.

Union donations to federal candidates at the beginning of this year were down about 40 percent compared with the same period in 2009, according to the Center for Responsive Politics. Last month, a dozen trade unions said they would boycott next year’s Democratic National Convention in Charlotte, N.C., over frustration on the economy and to protest the event’s location in a right-to-work state.

Good luck with that Labor vote Barack.  Thanks for nothing.

• Late Night Karaoke by: mishima
• Cartnoon by: ek hornbeck

Featured Essays-

• On This Day In History September 3 by: TheMomCat
• Pizza Boy by: Lasthorseman
• The ISS is screwed. by: ek hornbeck
• This Week In The Dream Antilles by: davidseth
• My Little Town 20110831: Aunt Agnes and Uncle Guy by: Translator

DocuDharma

So I’m almost done with my ringleader gig at TDS/TCR.  I like those diaries (call me old school) because they are fast paced and interactive which is something I’ve never been able to duplicate in this platform, partly because I have so much work creating content and scheduling that I’m not often able to stick around.

In any event, Kyle the Mainer was unaware of the plight of the International Space Station and since the repeat Thursday included Stephen’s interview with the crew of STS-135 I made that the focus.

The plan was that going forward there would be a semi-permanent crew of 6 at the International Space Station supported by regular visits of Russian Progress unmanned supply capsules and the crew rotated 3 at a time by manned Soyuz capsules with 2 extra attached to the Station as ‘life boats’.

On August 24th, about 6 days after this interview was taped, a Russian Soyuz launch vehicle (as opposed to capsule) with a Progress supply payload crashed shortly after launch.

No big dead said people at the time, we’ll just stretch out supplies and launch another one soon.  They even made jokes about one of the Russians having to borrow flight suits from an American.

It turns out that it was much more serious.  You see, it was the second such failure in a row and the Soyuz launch program was suspended indefinitely a day later.

Not only that, the delay of the planned September crew rotation mission is a real problem which, as reported Monday the 29th could result in the complete evacuation of the ISS by November.

The problem you see is that the Hydrogen Peroxide component of the maneuvering thruster fuel on a Soyuz capsule degrades over time.  Quite quickly in fact, it only has a safe life of 210 days.  Both the ‘life boat’ re-entry vehicles are near their limit and must be replaced by units traveling with crew replacements.

So there is talk of evacuation and leaving the Station unmanned for the first time in over 10 years.  There are 2 problems with this- The first is component failure.  While the Station can be controlled from the ground, if there is a problem requiring maintenance the chances of having the entire platform de-orbit and burn up in the atmosphere start at 10% in the first 6 months and rise to 50% after a year.

The second problem is that there are already people questioning the utility of the ISS and the need for a crew at all.

So this is why the Space Station is screwed.

Addendum:

I may be unduly pessimistic, it’s entirely possible that the launch failures are due to procedural errors as the Russians insist and that they will be corrected in time for the next scheduled launch in late September.  On the other hand it’s not at all encouraging that one of the most prominent voices in favor of shutting down the ISS is the Director of the entire Russian program.

• Late Night Karaoke by: mishima
• Muse in the Morning by: Robyn
• Cartnoon by: ek hornbeck

Featured Essays-

• On This Day In History September 2 by: TheMomCat
• Roubini: "We’re Going Into A Second Recession" by: TheMomCat
• "We Need to Look Forward as Opposed to Looking Back&uot; by: ek hornbeck
• Mass Exodus of Teachers In Wisconsin by: TheMomCat
• More elite failure by: ek hornbeck
• Quote-unquote hate crime? WTF? by: Robyn
• Countdown with Keith Olbermann: Worst Persons 9.1.2011 by: TheMomCat
• Popular Culture (Music) 20110902: The Who. Quadrophenia Part I by: Translator
• Random Japan by: mishima

DocuDharma

Evening Edition is an Open Thread

1 US job growth grinds to zero

By Veronica Smith, AFP

1 hr 37 mins ago

thereisnospoon says never ascribe to malice what can be explained by ignorance and pride.  Me, I’m not so charitable.

But Markos’ key critique of the Administration is well-taken. First, everything they do is almost designed to make them look craven and weak. Being accommodating is one thing; being constantly humiliated like Charlie Brown kicking a football is quite another.

And it’s not even working to attract independents. It’s terrible politics, in addition to being terrible policy.

Keep in mind that these are some of the top political professionals in the entire United States advising the Administration on these maneuvers. Which means that either they’re utterly incompetent idiots as Digby and I have repeatedly argued, or they’re paid-off corrupted tools of a grand global elitist conspiracy. Personally, I find the latter idea preposterous hogwash, a comforting opium for the sorts of people who want to believe that there are no solutions, or that the solutions are as as easy as grabbing pitchforks and guillotines and letting blood run in the streets. Yes, there’s rampant criminality–in Wall Street’s case, even an entire culture of criminality. And those criminals should be held to account. But that doesn’t mean that the entire governmental and financial apparatus–or even most of it–is run either by elite criminals or their paid-off lackeys. It just doesn’t work that way, as anyone who has actually dealt with the individual policy makers in question knows.

…

It’s just really hard–and frankly terrifying–for a lot of people to believe that we’re really governed by selfish, short-sighted, incompetent morons. That our lives are really and truly dominated by idiots who set their eyes on a shiny object like next quarter’s profit statements, or moving the polling dial with white female independents aged 35-65 by five points, or some other stupidity, so much that they miss the big picture, and then grab as much of the loot as possible and make the best of the situation after everything smashes to bits. That’s understandable. But if policy makers want to limit the growing number of conspiracy mavens out there, it might be advisable for them to try putting competent people in charge for a change. Otherwise, they’ll get the paranoid public attitudes toward them that they deserve.

More–

Seems like no matter which door you peek behind, a neoliberal is behind it with a wrong answer. And when they’re called on being wrong, there’s another neoliberal waiting behind the next door with another wrong answer. In fact, there’s an endless string of stupid and/or corrupt business school graduates waiting to tell us that the banking sector crisis is the fault of social security, labor unions, universal healthcare, strange swarthy Greeks, individual deadbeat homeowners, welfare queens driving Cadillacs, the Environmental Protection Agency, and anyone and anything else they care to dream up. Anyone, of course, but the banks, business school grads and Milton Friedman acolytes who drove this car straight in the ditch and refuse to take any responsibility for having been right behind the wheel the whole time.

Herr Doktor Professor–

Zero job growth, with unemployment still at nosebleed levels. Meanwhile, the interest rate on 10-year US bonds is down to 2.04%, and it’s negative on inflation-protected securities.

…

Too bad there weren’t any prominent economists warning that the obsession with short-term deficits was a terrible mistake, that austerity would undermine hopes of recovery. Oh, wait.

The awful thing is that those of us who warned about all this – based not on some unorthodox doctrine, but on basic textbook macroeconomics – weren’t so much argued down as just ignored. Somehow, those with actual power were convinced that fiscal austerity wasn’t just an option but the only option, and that anyone arguing with that – even people like me and Joe Stiglitz, who had a few easy-to-understand credentials – were just not part of the serious discussion.

Nobel Prizes?  They mean nothing.  Look at Obama’s.

Is austerity killing Europe’s recovery?

By Howard Schneider, The Washington Post

Published: September 1

(T)he budget cutting has been coupled with a reluctance by the the European Central Bank to stimulate economic growth like the Federal Reserve has in the United States; the ECB has instead raised interest rates twice this year to contain inflation.

Those steps have sucked hundreds of billions of dollars out of a European economy that may be edging towards recession.

Such a downturn, by choking off government revenues and increasing the demand for public services, could put struggling countries such as Spain and Italy at risk of missing the very deficit-reduction targets that budget cuts and other austerity measures were meant to achieve.

…

In Spain, for instance, where the parliament this week is voting to place constitutional limits on government deficits in a bid to reassure global investors, some analysts say the country is taking the wrong medicine. Spain’s debt level remains lower than even that of Germany, the continent’s strongest economy and one of the world’s benchmark credit risks. But Spain’s unemployment rate is more than double that of the United States, and some economists say the country needs a healthy dose of policies to restore growth, not constrain it.

…

Recent statistics showed that the combined economy of euro-zone countries nearly stalled from April through July, with growth of just 0.2 percent. Germany’s economy, one of the main props of the region, grew just 0.1 percent. Analysts project Spain’s annual growth at about 0.7 percent for the year, far below prior government estimates of 2.3 percent.

…

With the euro-zone economy slowing and governments aggressively cutting, the ECB may need to concede its rate increases and tight money were a mistake…

Like that will ever happen.

Tip o’ the Hat to Art Pronin @ Taylor Marsh who introduces it thusly-

PPP polls have been dead on accurate for several years now. And boy does their latest show trouble for Obama 2012. Their latest has 54 percent disapproving of the president. I sure wish the folks in the WH would read real polls sometime.

Obama keeps hitting record lows

Tom Jensen, Public Policy Polling

Tuesday, August 30, 2011

In our national polling for Daily Kos Barack Obama has hit a record low approval rating 3 weeks in a row now. He’s gone from 43/53 to 42/53 to now 42/54 in our poll this week.

What might be most noteworthy is this week’s poll is how bad Obama’s numbers are with a few key and usually dependable Democratic constituencies. He’s under water in union households at 44/47. He’s also under water with voters under 30 at 45/48. The Northeast tends to a pretty dependable region for Democrats but Obama’s under water there at 47/49. Obama’s usually been able to hold his ground with female voters but he’s under water with them too at 45/49. And even with African Americans his approval rating’s down to 76%, about as low as we’ve ever found it.

…

(L)ast week … Democratic enthusiasm was at a year long low. Now it’s at a lower year long low with only 47% of the party’s voters ‘very excited’ about voting this year compared to 58% of Republicans.

…

Obama trails a generic opponent 48-44 on our national poll this week, including 51-37 with independents.

Public Policy Polling August 25 – 28

For readers who are allergic to orange I’ve done the best I could.  There are no comments at either link.

I’m sure those Independents and base voters are just champing at the bit to flock back to him after the spectacular cave on the timing of his clueless “Jobs” agenda speech, putting licking John Boehner’s boots before every Red Blooded ‘murkan’s love of the NFL.

You guys are so much smarter than all us serfs and peons.

“When people feel uncertain, they’d rather have somebody that’s strong and wrong than somebody who’s weak and right.” – Bill Clinton

Weak AND Wrong ain’t even in the game.  I’m afraid Archangel M is correct- Obama Concedes Election More Than a Year Before It Happens.

Electoral victory my ass.

Evening Edition is an Open Thread

1 Jobs row, polls a new blow to Obama

By Stephen Collinson, AFP

4 hrs ago

David Axelrod as quoted by Time Magazine- May 21, 2009

WikiLeaks: Iraqi children in U.S. raid shot in head, U.N. says

By Matthew Schofield, McClatchy Newspapers

Posted on Wednesday, August 31, 2011

A U.S. diplomatic cable made public by WikiLeaks provides evidence that U.S. troops executed at least 10 Iraqi civilians, including a woman in her 70s and a 5-month-old infant, then called in an airstrike to destroy the evidence, during a controversial 2006 incident in the central Iraqi town of Ishaqi.

The unclassified cable, which was posted on WikiLeaks’ website last week, contained questions from a United Nations investigator about the incident, which had angered local Iraqi officials, who demanded some kind of action from their government. U.S. officials denied at the time that anything inappropriate had occurred.

But Philip Alston, the U.N.’s special rapporteur on extrajudicial, summary or arbitrary executions, said in a communication to American officials dated 12 days after the March 15, 2006, incident that autopsies performed in the Iraqi city of Tikrit showed that all the dead had been handcuffed and shot in the head. Among the dead were four women and five children. The children were all 5 years old or younger.

(h/t Think Progress)

Overwhelming news day.  Broke my system.  Literally and figuratively, I’ll have to find some way of dealing with the volumes of information this type of search generates.

I’m kind of interested from a technical standpoint how much it took, so I’ll be unpacking and posting as time allows.  Besides being somewhat therapeutic, like knitting, it’s not as if my cable is back on either.

Below are at least 16 49 65 stories.