In remarks yesterday at a Labor Day demonstration in Detroit, President Obama made it clear that the federal government would take no serious steps to address the worst unemployment crisis in the United States since the Great Depression.
In remarks presented as a preview of an address to Congress scheduled for Thursday, Obama praised the many “sacrifices” of workers, i.e., the disastrous decline in the living standards of the working class produced by the policies of his administration. He used the speech to reaffirm his pledge to work with the unions in enforcing the attack on workers, while union officials, led by AFL-CIO President Richard Trumka, pledged their support for Obama’s reelection in 2012.
The background to Monday’s speech was the announcement by the government Friday that there was zero net growth in US payrolls in August. European markets fell precipitously on Monday in response to the US jobless figures, an ongoing European banking crisis and clear signs of a decline in global growth, particularly in manufacturing.