Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine

Ezra Klein of the WonkRoom via The Washington Post writes:

Welcome to gridlocked America:

From the perspective of actually getting anything done in the next two years, there was perhaps no worse outcome. Republicans don't fully control Congress, so they don't have enough power to be blamed for legislative outcomes. But Democrats don't control the House and they don't have a near-filibuster proof majority in the Senate, so they can't pass legislation. Republicans, in other words, are not left with the burden of governance, and Democrats are not left with the power to govern. Republicans don't have to be responsible, and Democrats can't do it for them.

For the time being, this means that the gains of Obama's first two years are probably safe. Health-care repeal will not pass the Senate, and if Republicans attempt to defund the program, it will be the House acting on its own -- a less tenable position than the Congress acting against the executive. It is also difficult to see major new stimulus programs -- for instance, a payroll-tax holiday -- finding backers in Congress, as Republicans will not be able to take full credit for them. This will be, instead, a time of implementation for the White House, oversight for the House, and paralysis for the Senate. As for getting the economy back on track, that's now Ben Bernanke's job, whether he wants it or not.

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Minimum Wage

Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.

And why does Germany's Manufacturers do so well?

BLS Jobless Numbers

  • 12.5 million - unemployed,
  • 14.5%(U6) - out of work,
  • 5.1 million (41%) 6 months or longer,
  • 7.9 million "involuntary" partime workers,
  • Over 4 million for a year, (WSJ)
  • 2.0  million over 99 weeks, the 99ers!
  • 4.7 jobless for every job. EPI
  • 91,000 unemployed become 99ers every week.
~ U.S. April 2012 -Bureau Labor Statistics
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