Jack Rasmus, economist, radio show host and author of “The Scourge of
Neoliberalism: US Economic Policy from Reagan to Trump,” reminds
listeners that today’s mini-recovery is only very, very qualified good
news. Consistently undercounted are the part time jobs lost, the gig
jobs lost, or the unemployed independent contractors. And the Labor
Department itself admits that its own labor survey is so limited as to
be barely meaningful. There’s also no way we see a V-shaped recovery,
he says. Get ready for the big W, austerity programs that only
exacerbate public pain, and a decade before we get back the jobs we’ve
lost. Meanwhile, of course, the same people who always profit will
continue to use their corporate power to line their pockets with our
recovery money.