imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

California’s Unemployment at 60 Year High, at Depression Levels

by Stewart A. Alexander Sunday, Aug. 30, 2009 at 3:55 AM

The news out of Washington is suggesting that the bottom of the economic decline is here, and last week, Federal Reserve Chairman Ben S. Bernanke stated that the “economy is leveling out;” however, the people with the Peace and Freedom Party, based in California, is dismissing the Federal Reserve report as propaganda that will only benefit Wall Street.

Stewart A. Alexander

For California Governor

Peace and Freedom Party 2010

August 29, 2009



If there are any hints that the bottom of the U.S. economic decline is near, don’t look for any signs in California where the state’s unemployment rate is at the highest level since WWII, and thousands are losing their homes to foreclosures as California’s economy continues to spiral in decline.

The news out of Washington is suggesting that the bottom of the economic decline is here, and last week, Federal Reserve Chairman Ben S. Bernanke stated that the “economy is leveling out;” however, the people with the Peace and Freedom Party, based in California, is dismissing the Federal Reserve report as propaganda that will only benefit Wall Street.

The California jobless rate climbed to 11.9 percent for the month of July with the loss of 35,800 jobs. There are two Southern California counties, Riverside and San Bernardino, where unemployment is at depression levels; the unemployment in both counties is hovering at 14 percent. Other counties in Northern California, Fresno, San Joaquin, Stanislaus and Tulare, the unemployment rate has topped 15 percent. According to data collect by the California Employment Development Department, there are 2,187,000 Californians that are presently unemployed or more that 1 out of 10 of the state’s labor pool. These numbers are an indication that the Golden State has not reached the bottom and is not “leveling out.”

There were job losses in every sector, retail, services, manufacturing, construction and finance; and the downturn in the housing industry has hit the construction and finance sectors extremely hard. The decline in construction and finance jobs, due to the collapse of the housing bubble, created the loss of 100s of thousands of jobs throughout California. This has had a trickle down effect creating job losses in retail and service industries.

While campaigning for president, President Barack Obama promised that his administration would create “shovel ready jobs” to put millions back to work; however, in California, the only shovel ready jobs that have been created are low paying jobs and part-time employment for kids out of school. Unfortunately, the president’s plan has not helped the millions of Californians that are struggling to pay their bills, trying to keep food on their tables and pay their mortgages.

Shortly after President Obama took office, Congress approved a 7 billion stimulus bill that has produced little results, and less than 14 percent of the funds have been allocated. This is creating public concern that the President Obama and the Democrats in Congress do not have a plan to rescue the U.S. economy. Without a plan to revive the economy and to put the millions that are unemployed back to work, the president and his party have taken on the daunting task of reforming the nation’s healthcare system while the majority of Americans are presently concerned about their financial health and having good paying jobs.

As California approaches the 2010 election year, the rhetoric coming from Washington is offering little to confront the stark reality that California is still spiraling in an economic decline, and that decline is mostly due to the poor leadership of both the Democrats and Republicans in California government. Both the Democrats and Republicans, and the leaders representing both parties, have put the interest of the wealthy few before the public’s interest, and both parties have done little to protect the interest of working class people.

The Peace and Freedom Party will have a full slate of candidates during the 2010 election year; however, the one disadvantage all third party candidates share in U.S. politics, with so many critical issues confronting California voters and working people, the corporate media will only cover the two big money parties and their candidates, a process that has already begun for 2010.

For more information search the Web for: Stewart A. Alexander

http://www.stewartalexandercares.com/

California Employment Development Department

http://www.edd.ca.gov/

Peace and Freedom Party Home Page

http://www.peaceandfreedom.org/home/

Stewart Alexander will enter 2010 race for California Governor

http://banderasnews.com/0901/nw-stewartalexander02.htm





Report this post as:

LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 3 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
AHNOLD DER BUSHITE ON THE CALIFORNIA UNEMPLOYMENT RATE AHNOLD DER BUSHITE Monday, Aug. 31, 2009 at 11:18 PM
der Governator says ... Ahhhnuld S. Tuesday, Sep. 01, 2009 at 3:09 PM

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Xyloglossie attitudinale A23 8:07AM

Shadowgun Legends Hack and Cheats A23 7:24AM

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

Amy Goodman interview on cell phone safety A08 10:29PM

Mesa, Arizona police officer kills unarmed white man A08 9:50PM

Israeli leaders should be prosecuted for war crimes A08 9:48PM

Paraphysique de l'autorité A08 12:11AM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy