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...
A 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

(http://www.intomobile.com/2011/04/27/nokia-confirms-7000-job-cuts-3000-them-find-new-home-accenture/)

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 

(http://www.guardian.co.uk/business/2011/jun/30/lloyds-boss-unrepentant-job-losses)

315  jobs - Whirlpool

http://www.layoffwatch.com/2011/07/whirlpool-to-eliminate-over-300-jobs-at-its-amana-plant/

700 jobs - Houston City 

http://www.layoffwatch.com/2011/07/council-oks-1-8-billion-budget-hundreds-of-layoffs/

100 jobs - BMW

http://www.thedetroitbureau.com/2011/07/teamsters-target-bmw-over-american-job-cuts/

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

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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

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• 13 Jul 2011 at 3:50 PM

Layoffs Watch ’11: Morgan StanleyBy Bess Levin

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/ 

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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. http://pidp.eastwestcenter.org/pireport/2011/July/07-15-01.htm

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

• Posted on July 12, 2011 at 11:02pm by  Tiffany Gabbay
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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!

A 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

Published: July 19, 2011

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

STATE	WELFARE RECIPIENTS, 2007	WELFARE RECIPIENTS, 2008	PCT. CHANGE IN WELFARE RECIPIENTS	UNEMPLOYMENT RATE, 2007	UNEMPLOYMENT RATE, 2008	PCT. PT. CHANGE IN UNEMPLOYMENT	FOOD STAMP RECIPIENTS, 2007	FOOD STAMP RECIPIENTS, 2008	PCT. CHANGE IN FOOD STAMP RECIPIENTS
Alabama	42,920	41,849	-2.5	3.5	5.5	2	556,247	613,737	10.3
Alaska	7,974	7,316	-8.3	6.2	7.2	1	56,112	58,058	3.5
Arizona	88,235	88,781	0.6	3.9	6.1	2.2	606,973	734,403	21
Arkansas	21,075	19,689	-6.6	5.5	5.4	-0.1	376,021	387,956	3.2
California	1,144,529	1,216,866	6.3	5.7	8.2	2.5	2,104,426	2,398,897	14
Colorado	24,720	24,453	-1.1	3.9	5.7	1.8	246,532	272,982	10.7
Connecticut	39,042	38,862	-0.5	4.8	6.5	1.7	203,016	219,532	8.1
District of Columbia	37,421	39,267	4.9	5.7	7.3	1.6	86,759	92,288	6.4
Delaware	9,244	10,049	8.7	3.5	5.3	1.8	70,914	81,462	14.9
Florida	74,994	87,632	16.9	4.3	7	2.7	1,345,162	1,694,649	26
Georgia	42,608	37,983	-10.9	4.5	6.9	2.4	971,241	1,139,309	17.3
Hawaii	10,617	10,890	2.6	2.8	4.6	1.8	92,486	105,100	13.6
Idaho	2,234	2,246	0.5	2.7	5.3	2.6	90,059	111,838	24.2
Illinois	68,001	62,525	-8.1	5.3	7.3	2	1,269,240	1,424,439	12.2
Indiana	117,097	113,572	-3	4.5	6.4	1.9	607,782	740,347	21.8
Iowa	42,174	38,500	-8.7	3.8	4.4	0.6	245,282	276,177	12.6
Kansas	34,391	31,215	-9.2	4	4.9	0.9	186,284	197,939	6.3
Kentucky	58,555	58,124	-0.7	5.4	6.8	1.4	620,114	663,591	7
Louisiana	21,841	19,545	-10.5	3.6	5.6	2	642,999	687,571	6.9
Maine	34,224	34,401	0.5	4.9	5.7	0.8	169,531	186,715	10.1
Maryland	52,084	57,601	10.6	3.6	4.9	1.3	342,095	402,892	17.8
Massachusetts	108,077	110,419	2.2	4.3	5.5	1.2	479,248	563,068	17.5
Michigan	226,520	196,775	-13.1	7.5	9.3	1.8	1,225,285	1,303,093	6.4
Minnesota	76,525	78,348	2.4	4.6	5.9	1.3	272,522	292,862	7.5
Mississippi	24,052	23,714	-1.4	6.3	7.2	0.9	442,007	472,537	6.9
Missouri	111,780	101,916	-8.8	5.4	6.5	1.1	854,513	949,404	11.1
Montana	7,836	8,091	3.3	3.2	4.8	1.6	78,911	81,735	3.6
Nebraska	23,790	23,067	-3	3.1	3.7	0.6	119,939	121,416	1.2
Nevada	21,062	21,796	3.5	5.1	7.7	2.6	132,935	162,743	22.4
New Hampshire	11,270	12,069	7.1	3.3	4.1	0.8	60,376	68,114	12.8
New Jersey	97,358	94,297	-3.1	4.2	6	1.8	420,166	456,010	8.5
New Mexico	34,346	38,219	11.3	3.3	4.3	1	231,074	258,130	11.7
New York	408,313	391,110	-4.2	4.6	5.7	1.1	1,825,759	2,025,853	11
North Carolina	47,898	49,653	3.7	4.7	7.1	2.4	896,913	1,012,481	12.9
North Dakota	6,700	7,295	8.9	3.2	3.4	0.2	47,306	49,293	4.2
Ohio	172,074	179,595	4.4	5.7	7.3	1.6	1,108,749	1,207,998	9
Oklahoma	20,686	19,170	-7.3	4.3	4.3	0	419,604	432,642	3.1
Oregon	44,803	53,353	19.1	5.4	7.2	1.8	443,316	499,012	12.6
Pennsylvania	212,788	199,273	-6.4	4.4	5.8	1.4	1,157,888	1,234,892	6.7
Rhode Island	24,093	19,908	-17.4	5.1	9.3	4.2	81,417	90,444	11.1
South Carolina	32,886	38,050	15.7	6	7.9	1.9	569,204	636,698	11.9
South Dakota	5,929	6,172	4.1	2.9	3.2	0.3	60,433	65,159	7.8
Tennessee	151,843	144,705	-4.7	5	7	2	891,779	977,109	9.6
Texas	136,797	115,690	-15.4	4.3	5.6	1.3	2,322,073	2,651,370	14.2
Utah	11,218	12,324	9.9	2.8	3.5	0.7	130,425	156,033	19.6
Vermont	12,017	12,922	7.5	3.9	5.2	1.3	53,154	60,062	13
Virginia	62,715	65,546	4.5	3.2	4.4	1.2	527,906	582,494	10.3
Washington	112,583	124,937	11	4.6	6.3	1.7	542,599	631,487	16.4
West Virginia	21,223	22,927	8	4.7	4.6	-0.1	273,852	285,242	4.2
Wisconsin	38,803	37,811	-2.6	4.8	5.1	0.3	394,494	469,853	19.1
Wyoming	478	613	28.2	2.9	3.3	0.4	23,591	24,993	5.9

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