(editor: this is no place for sarcasm. Get to the point.)
Ok, as Krugman notes, this certainly seems to be the worst of times. Just awful.
Robert Reich, who has consistently and loudly worried about the jobless recovery, writes:
GM now sells more cars in China than it does in the US, but makes most of them there. The company now employs 32,000 hourly workers in China. But only 52,000 GM hourly workers remain in the United States – down from 468,000 in 1970.
GM isn’t just hiring low-tech assembly workers in China. Last week the firm broke ground there on a $250 million advanced technology center to develop batteries and other alternative energy sources.
You and I and other American taxpayers still own over 60 percent of GM. We bought GM to save GM jobs, remember?Well, worry no more, Professors Krugman and Reich.
It turns out that the high unemployment is "primarily the result of millions of Americans just completely blowing their job interviews," according to the finest news source in the country, which adds:
The Labor Department confirmed their statistics don't take into account the estimated 20 million citizens who were unable to get interiews in the first place because of formatting errors in their resumés, or cover letters that slightly exceeded one page.Crap! Can we do something about this? I mean, isn't this why we pay taxes? Fortunately, the president and his administration do have a plan:
"My administration remains fully committed to putting citizens back to work by making sure they show up at least 15 minutes early to their interview and never badmouth a previous boss," said Obama, flanked by unemployed Americans during an address from the White House Rose Garden. "Our new 'Nail the Interview, Score the Job' initiative will help regular Americans like Paul and Tracy here remember that they should prep ahead of time by learning a few things about the company they want to work for."
"And that little things," he continued, "like making sure your socks match, matter."
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