The Permanent Unemployment EconomyJames Hall, Contributor Ever since the adoption of the globalist free trade betrayal, the national suicide of the free enterprise economy has continued. Transiting skilled employees into government dependents is an overt component of the New Age of reduced wealth and servitude for the ordinary American. Consider the logic of the consequences of offshoring our manufacturing base. Once the jobs are gone, the prospects for good paying substitution jobs become rare. Without the ability to sell value-added products generated from meaningful margins, affording generous pay scales to a prosperous middle class is impossible. Characterizing the current economy as being in a recovery from a downturn sounds more like an ad for the NYT trying to rescue their subscription base. Selling new readers on their sycophantic reporting will not stem their rapidly declining credibility. Being a tool of the globalists just brings higher unemployment to the Gray Lady. For the few work opportunities that make it into the economy, many are part-time positions with little or no benefits. US News forecasts the harsh awakening in,Larger Temporary Workforce Could Be New Normal. Once, the benefits of the consumer society were lauded as the engine of affluence. The fruits of that approach sunk into the abyss of debt financing that are unserviceable. Those older workers who labored in positions that allowed them to accumulate a modest savings are now devastated by the zero interest rate policy on savings. However, just ask the indebted consumer paying, frequently above 20% interest rates on their credit card, how are they doing? Some five years later, we observe that the Chinese are resisting buying any more of U.S. Treasury debt. The U.S. Bureau of the Public Debt calculated it at approximately $8.36 trillion dollars, back on May 14, 2006. Under the Bush/Obama too big to fail bank bailout, that figure will soon double, even before the next President takes office. How can any new administration alter the destructive government policies that are carrying us into a black hole, when both Romney and Obama are committed to maintain the same mercantile trade policy that only benefits global capitalism. Make-work jobs are akin to slave labor. Substantive and enduring employment requires that the entrepreneur have access to currency liquidity in order to liberate the velocity of money so that cash flow can finance expansion that allows for the hiring of new employees. Will this happen? Regretfully, the reality we face looks squarely to the tearful eyes of not just a distressed generation, but also a lost nation. Original article archived here James Hall is a reformed, former political operative. This pundits formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. Hall is the publisher of BREAKING ALL THE RULES. Contact batr@batr.org 