Transcript: Rahm, Kudlow: 2 Unlikely Peas In A Podkast
Editor’s note: for those of you who revel in the written word, here’s a transcript of today’s LK podcast:
This is LK of loosekannon.com. That’s Kannon, with a K.
I was all ready to follow up the first loosekannon podcast by continuing a methodical exposition of who I am. I was going to elaborate on my background in politics, music and the music biz, the economy, sports, and so on. I was going to slide in the ear candy bumper music and continue to paint as clear a picture as possible as to who you’re listening to. But that’ll have to wait.
It’ll happen, but we interrupt our regularly scheduled introductions to express our uncontainable ire at the nerve of both politicians and so called journalists, who are telling us that maybe, just maybe, the economy is starting to improve.
When Rahm Emanuel, White House chief of staff, crows that “we saved the economy” he might as well be spitting in the face of the almost 10% of Americans currently unemployed, and the additional 5-10% who are either underemployed, that is, working part time when they’d rather, and when they need to, work full time, or who have given up entirely, with their spirits crushed.
And when Larry Kudlow, CNBC’s free market little guy be damned squawking head, talks about his “mustard seeds”, he’s looking at the insular and self serving world of the stock market. Corporate profits may be improving slightly, but what Kudlow either fails to notice, or fails to mention, or both, is that the part of the American economy he’s myopically focused on applies to far fewer folks than it did 3, 13, or 23 years ago. Corporate profits may be slowly starting to improve, but they’re jumping over a bar that’s set way lower than it used to be, and corporate America will improve their bottom line by keeping labor costs to a minimum. How does this effect you? More Americans will remain out of work, and those working will work harder for the same wage, or a lower one. It won’t be a fair day’s work for a fair day’s pay.
So when both the consigliore of a president so liberal that he’s accused of being a socialist, and a right wing, maniacal screamer feed us identical wheelbarrows of fertilizer, with each of them harboring agendas having less than nothing to do with telling us how things really stand, we have truly been abandoned, and we are truly on our own.
The Thursday morning weekly unemployment figures just came out. Only 554,000 enrollees!!! Fill up Yankee Stadium 11 times, give everyone pink slips, and then tell them we’re out of the woods!!!
Couldn’t be clearer. The politicians, supposedly our servants, are instead serving their own re-election needs, and the so called journalists are injecting steroids into the scrawny economic picture. Doesn’t matter if there are fewer haves, and more have nots, because Apple’s selling more iPhones, so all must be right with the world!!!
Try telling that to the 6 million plus who remain unemployed and the millions of others who have thrown in the towel. Unconscionable
This is LK, of loosekannon.com, and that’s kannon with a K, wishing you good luck navigating these waters. Be well, and come back soon.
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