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Monday, August 1, 2011

What Will Debt Deal Do For America? Obama's Plan IS A Success! The U.S. Is Becoming A Welfare State. Redistribution of Wealth In Motion!

What will the debt deal do for America?  


Obama's plan for the U.S. becoming a welfare state...
welfare state is a "concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life. The general term may cover a variety of forms of economic and social organization." http://en.wikipedia.org/wiki/Welfare_state


Job losses announced in the past month...
30,000 jobs - HSBC (http://www.foxbusiness.com/markets/2011/08/01/hsbc-sheds-30000-jobs-posts-surprise-profit-rise/?test=MM)


13,000 jobs - Merck (in addition to the 15,000 from 2009) (http://prescriptions.blogs.nytimes.com/2011/07/29/merck-plans-more-job-cuts/)


12,050 jobs - Cisco  (http://www.networkworld.com/news/2011/072011-cisco-job-cuts.html)


3,300 jobs - Lockheed voluntary & layoff offers to 6,500 U.S. employees (http://online.wsj.com/article/SB10001424052702303661904576456432443830652.html)


2,000 jobs - Research In Motion (http://www.thestreet.com/story/11204077/1/rims-job-cuts-tech-weekly-recap.html)

2,000 jobs - BlackBerry maker RIM  (http://latimesblogs.latimes.com/technology/2011/07/blackberry-rim-layoffs.html)


7,000 jobs - Nokia


11,000 jobs - Borders
(http://www.news10.net/news/article/146432/2/Borders-bankruptcy-puts-thousands-out-of-work-)


1,000 jobs - Goldman Sachs
(http://www.fiercefinance.com/story/goldman-sachs-says-layoffs-imminent/2011-07-19)


750 jobs - Newspaper Cuts Across the Country in July 2011 (http://newspaperlayoffs.com/)



15,000 jobs - Lloyds Banking Group 



315  jobs - Whirlpool

700 jobs - Houston City 

100 jobs - BMW

That is nearly 100,000 jobs lost in July.  Those were only the ones I was able to scour off the web today...

Economic News Release
Mass Layoffs Summary 
http://www.bls.gov/news.release/mmls.nr0.htm
For release 10:00 a.m. (EDT) Friday, July 22, 2011 USDL-11-1083
Technical information: (202) 691-6392 * mlsinfo@bls.gov * www.bls.gov/mls
Media contact: (202) 691-5902 * PressOffice@bls.gov
MASS LAYOFFS -- JUNE 2011

Employers took 1,532 mass layoff actions in June involving 143,444 workers, seasonally
adjusted, as measured by new filings for unemployment insurance benefits during the
month, the U.S. Bureau of Labor Statistics reported today. Each mass layoff involved
at least 50 workers from a single employer. The number of mass layoff events in June
decreased by 67, or 4 percent, from May, and the number of associated initial claims
decreased by 96, or less than 1 percent. In June, 341 mass layoff events were reported
in the manufacturing sector, seasonally adjusted, resulting in 35,693 initial claims;
both figures decreased over the month. (See table 1.)

The national unemployment rate was 9.2 percent in June, essentially unchanged from the
prior month but down from 9.5 percent a year earlier. In June, total nonfarm payroll
employment increased by 18,000 over the month and by 1,036,000 over the year.
Industry Distribution (Not Seasonally Adjusted)

The number of mass layoff events in June was 1,661, not seasonally adjusted, resulting
in 159,930 initial claims for unemployment insurance. The number of mass layoff events
was down by 200 from June 2010, and associated initial claims decreased by 11,260, or
7 percent. (See table 2.) Nine of the 19 major industry sectors in the private economy
reported over-the-year declines in initial claims, with the largest decreases occurring
in accommodation and food services, retail trade, and construction. The six-digit industry
with the largest number of initial claims in June 2011 was elementary and secondary
schools. (See table A. The table includes both publicly and privately owned entities.)
Table A. Industries with the largest number of mass layoff initial claims in June 2011,
not seasonally adjusted

June peak
Industry
Initial claims Year Initial claims

Elementary and secondary schools .............. 24,919 2010 31,849
School and employee bus transportation ........ 14,733 2007 21,611
Temporary help services (1) ................... 10,002 2000 13,815
Food service contractors ...................... 9,905 2007 14,527
Child day care services ....................... 9,269 2011 9,269
Other individual and family services .......... 2,702 2006 2,744
Motion picture and video production ........... 2,542 2000 9,435
Mixed mode transit systems .................... (2) 2011 (2)
Other social advocacy organizations ........... 2,035 2000 3,815
Light truck and utility vehicle manufacturing . 1,999 1998 7,608
************
 
Statement of Principles:Statement of Principles:Alliance@IBM/CWA Local 1701 is an IBM employee organization that is dedicated to preserving and improving our rights and benefits at IBM. We also strive towards restoring management's respect for the individual and the value we bring to the company as employees. Our mission is to make our voice heard with IBM management, shareholders, government and the media. While our ultimate goal is collective bargaining rights with IBM, we will build our union now and challenge IBM on the many issues facing employees from off-shoring and job security to working conditions and company policy. http://www.endicottalliance.org/jobcutsreports.php
********
  • 13 Jul 2011 at 3:50 PM
Layoffs Watch ’11: Morgan Stanley
Apparently the House of Morgan is mulling over what the firm would look like with a few thousand less employees.

The firm is “running layoff scenarios into several thousand folks,” said one person with direct knowledge of the matter. This possible new round of job cuts would go well beyond the pruning of low-producing brokers (also known as financial advisers) the firm has already announced.
http://dealbreaker.com/2011/07/layoffs-watch-11-morgan-stanley-3/ 
****************

PACIFIC ISLANDS REPORT
Pacific Islands Development Program/East-West CenterWith Support From Center for Pacific Islands Studies/University of Hawai‘i


U.S. BUDGET CUTS FOREBODE JOB LOSSES ON KWAJALEINMarshalls missile test site expects 13 percent budget cut


By Giff Johnson
MAJURO, Marshall Islands (Marianas Variety, July 15, 2011) – U.S. Defense Department budget cuts are expected to result in significant job losses for Marshall Islands and American workers at the U.S. Army’s Reagan Test Site at Kwajalein Atoll on October 1.

U.S. Army Kwajalein Atoll and Kwajalein Range Services officials briefed RMI government and Kwajalein elected leaders Wednesday in preparation for the impending budget cuts. KRS manages the base for the Army.

USAKA is facing a 13 percent cut to its budget this year, a continuation of several years of cutbacks in spending at the Kwajalein base. But while last year the Army had the option of cutting non-personnel spending to keep worker cuts to a minimum, the coming fiscal year will likely see deep cuts to the Marshallese workforce, according to Army officials.

Base Deputy Director Joe Mosconi said Thursday that the Army is still attempting to reduce the number of layoffs by getting supplemental funding in August or September, so decisions are not yet final. However, if Army attempts to mitigate these cuts are unsuccessful, the Army will be forced to lay off as many as 100-to-120 Marshall Islands workers and 40-to-50 American workers, and reduce from fulltime to part-time up to 100 Marshallese workers. There are presently about 800 Marshall Islands workers at the base, and about 900 Americans.

"We will have job losses, but we will try to mitigate the number," Moscone said. "Nothing is final yet."

Moscone said workers who will be laid off or have their hours reduced will get notices starting on August 1. The terminations and other changes will be effective October 1, the start of the new fiscal year.

"We’re extremely distressed at such hard-hitting cuts," said Kwajalein Sen Tony deBrum. "We understand the U.S. has budget problems, and we will continue to try to find ways to mitigate the very negative impact (these cuts will have) on Ebeye and the Marshall Islands as a whole."

Foreign Minister John Silk said the cuts are "going to hurt." In addition to job loss for workers at Kwajalein, the Ministry of Finance estimates the cuts will reduce taxes coming to the Marshall Islands government by $1 million a year, Silk said.


OBAMA: ‘CONVINCED’ JOB LOSSES PROVE $830 BILLION STIMULUS WORKED

Can an increase in unemployment be attributed to the “success” of President Obama’s multi-billion dollar stimulus plan? According to the President: Yes it can.
A mere three days after the U.S. Department of Labor reported a June unemployment rate of 9.2 percent — up a tick from May — Obama said the loss of jobs is proof positive that his $830-billion economic stimulus worked.
http://www.theblaze.com/stories/obama-convinced-job-losses-prove-830-billion-stimulus-worked/ 




Does the President REALLY think that his plan is working?  Maybe HIS plan is...for the citizens of the U.S. to be living in a welfare state...that seems to be his plan.  So, essentially, his plan is working.  Are more people relying on the U.S. government?  Yes they are!



welfare state is a "concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life. The general term may cover a variety of forms of economic and social organization." http://en.wikipedia.org/wiki/Welfare_state






Redistribution of wealth is the transfer of income, wealth or property from some individuals to others caused by a social mechanism such as taxation, monetary policies, welfare, nationalization, charity, divorce or tort law. Most often it refers to progressive redistribution, from the rich to the poor, although it may also refer to regressive redistribution, from the poor to the rich. The desirability and effects of redistribution are actively debated on ethical and economic grounds. http://en.wikipedia.org/wiki/Redistribution_of_wealth






State-by-State Welfare Assistance

Cash welfare assistance has been cut in 18 states, raising questions about the program’s ability to respond to rising unemployment during hard times. By contrast, the number of recipients of the food stamp program grew in all states. Related Article
STATEWELFARE RECIPIENTS, 2007WELFARE RECIPIENTS, 2008PCT. CHANGE IN WELFARE RECIPIENTSUNEMPLOYMENT RATE, 2007UNEMPLOYMENT RATE, 2008PCT. PT. CHANGE IN UNEMPLOYMENTFOOD STAMP RECIPIENTS, 2007FOOD STAMP RECIPIENTS, 2008PCT. CHANGE IN FOOD STAMP RECIPIENTS
Alabama
42,92041,849-2.53.55.52556,247613,73710.3
Alaska
7,9747,316-8.36.27.2156,11258,0583.5
Arizona
88,23588,7810.63.96.12.2606,973734,40321
Arkansas
21,07519,689-6.65.55.4-0.1376,021387,9563.2
California
1,144,5291,216,8666.35.78.22.52,104,4262,398,89714
Colorado
24,72024,453-1.13.95.71.8246,532272,98210.7
Connecticut
39,04238,862-0.54.86.51.7203,016219,5328.1
District of Columbia
37,42139,2674.95.77.31.686,75992,2886.4
Delaware
9,24410,0498.73.55.31.870,91481,46214.9
Florida
74,99487,63216.94.372.71,345,1621,694,64926
Georgia
42,60837,983-10.94.56.92.4971,2411,139,30917.3
Hawaii
10,61710,8902.62.84.61.892,486105,10013.6
Idaho
2,2342,2460.52.75.32.690,059111,83824.2
Illinois
68,00162,525-8.15.37.321,269,2401,424,43912.2
Indiana
117,097113,572-34.56.41.9607,782740,34721.8
Iowa
42,17438,500-8.73.84.40.6245,282276,17712.6
Kansas
34,39131,215-9.244.90.9186,284197,9396.3
Kentucky
58,55558,124-0.75.46.81.4620,114663,5917
Louisiana
21,84119,545-10.53.65.62642,999687,5716.9
Maine
34,22434,4010.54.95.70.8169,531186,71510.1
Maryland
52,08457,60110.63.64.91.3342,095402,89217.8
Massachusetts
108,077110,4192.24.35.51.2479,248563,06817.5
Michigan
226,520196,775-13.17.59.31.81,225,2851,303,0936.4
Minnesota
76,52578,3482.44.65.91.3272,522292,8627.5
Mississippi
24,05223,714-1.46.37.20.9442,007472,5376.9
Missouri
111,780101,916-8.85.46.51.1854,513949,40411.1
Montana
7,8368,0913.33.24.81.678,91181,7353.6
Nebraska
23,79023,067-33.13.70.6119,939121,4161.2
Nevada
21,06221,7963.55.17.72.6132,935162,74322.4
New Hampshire
11,27012,0697.13.34.10.860,37668,11412.8
New Jersey
97,35894,297-3.14.261.8420,166456,0108.5
New Mexico
34,34638,21911.33.34.31231,074258,13011.7
New York
408,313391,110-4.24.65.71.11,825,7592,025,85311
North Carolina
47,89849,6533.74.77.12.4896,9131,012,48112.9
North Dakota
6,7007,2958.93.23.40.247,30649,2934.2
Ohio
172,074179,5954.45.77.31.61,108,7491,207,9989
Oklahoma
20,68619,170-7.34.34.30419,604432,6423.1
Oregon
44,80353,35319.15.47.21.8443,316499,01212.6
Pennsylvania
212,788199,273-6.44.45.81.41,157,8881,234,8926.7
Rhode Island
24,09319,908-17.45.19.34.281,41790,44411.1
South Carolina
32,88638,05015.767.91.9569,204636,69811.9
South Dakota
5,9296,1724.12.93.20.360,43365,1597.8
Tennessee
151,843144,705-4.7572891,779977,1099.6
Texas
136,797115,690-15.44.35.61.32,322,0732,651,37014.2
Utah
11,21812,3249.92.83.50.7130,425156,03319.6
Vermont
12,01712,9227.53.95.21.353,15460,06213
Virginia
62,71565,5464.53.24.41.2527,906582,49410.3
Washington
112,583124,937114.66.31.7542,599631,48716.4
West Virginia
21,22322,92784.74.6-0.1273,852285,2424.2
Wisconsin
38,80337,811-2.64.85.10.3394,494469,85319.1
Wyoming
47861328.22.93.30.423,59124,9935.9

1 comment:

www.las-palmas-3d.com said...

It will not succeed as a matter of fact, that is what I consider.