Congress fiddles while America burns. Putting re-election hopes before public service, our representatives remain out of session while our country continues to bleed job after job after job. What will it take to get their undivided attention, to get them to take action, to get them to seemingly care? Is voting them out of office our only recourse?
Numbers for new claims released by the Department of Labor today indicate things are getting worse, not better. As we pretend that the recession is over going into the elections, the situation is simply deteriorating for American’s trying to hang onto a job or to find one. Reviewing the data released today, the seasonally adjusted number of new claims presented by the BLS is as follows:
In the week ending Oct. 9, the advance figure for seasonally adjusted initial claims was 462,000, an increase of 13,000 from the previous week’s revised figure of 449,000. The 4-week moving average was 459,000, an increase of 2,250 from the previous week’s revised average of 456,750.
As disturbing as the seasonally adjusted data is, the unadjusted data causes even greater concern:
The advance number of actual initial claims under state programs, unadjusted, totaled 449,568 in the week ending Oct. 9, an increase of 75,914 from the previous week.
Einstein defines insanity as doing the same thing over and over again expecting different results. Insanity is expecting the economy to recover while we continue to ignore it, over and over again. Congress must take action. Not tomorrow, today. I would like to suggest that we institute a new national policy. The policy would be that we must layoff the same number of representatives in the House and in the Senate that matches the national unemployment rate. Maybe if these buffoons had to face the possibility of their own layoff, they might just actually decide to take some action to fix the problem. I know this will never happen, but it was fun thinking about sharing the wealth anyway!