Is This a Conspiracy?

Back in March I wrote a blog called, “Pall Over the Land’ In it I suggested that the present economic crisis was not like the 1930ies depression. Major difference was the powerful political left that existed back then that no longer exists today.

What we are now experiencing is the emergence of the most conservative orthodox right wing. That is the real danger signal for democratic societies. A good example of orthodoxy gone berserk is a bill pending in the Israeli Knesset that declares that only the orthodox can decide who is and who isn’t a Jew. It is similar to the outcries being heard about who can or cannot become an American citizen.

Yet, there is a piece of economic news that I find very disturbing. From looking at economic indicators like the Stock Market or probably more important corporate profit one might get the impression that the worst of the economic crisis of 2008--9 is behind us. Here, I find something altogether different at work. With all the good economic news for the corporate world why isn’t there good news for the employment world? Lets look at any of the periodic economic crisis in the past 25 years and what do we find? With the upturn in the markets came a concomitant upturn in hiring. Why not now?

Here is where my conspiracy theory comes in. As any regular reader of my blog will recognize, I do believe there is a visceral underneath hatred of Barack Obama on the part of the corporate leaders. I might add that I have many reservations regarding Obama. Never the less, Obama’s recent mild criticisms of Wall Street gave the corporate world a rational for their hatred. “He’s against us.” Okay, so” we will hit back.” How do they do that? In spite of the economic uptick they will refuse to start hiring back their workforce. Thus keeping the unemployment rate right up there near ten percent. They figure that will certainly do Obama in comes the midterm election. The despicable part of this behavior is the price that the average job seeker has to pay for these corporate shenanigens.

Yupp, that’s my theory. Seems outrageous that the captains of capitalism, against there own best interest would let politics dominate their thinking by keeping the unemployment rate at 10 percent. How come that they can get away with this play? Remember my old friend, “social unrest.” Well there ain’t none because there is nobody to organize it. Yes, the Tea Party crowd have siphoned off some of the anger out there by directing it at the Obama administration thus deflecting it away from Wall Street and the big banks. Though I must admit that periodically I have noticed that the Tea Party “leaders” whoever that is at any moment will try to heard these cats back on message. They want the anger directed at Obama in order to get rid of the Administrations control of Congress. That's what I believe is the conspiracy and we need to be alert to what is really going on as regards the unemployment numbers.