Scott Walker is in Texas today with Governors Rick Perry (R-Texas) and Rick Scott (R-Florida), courting Chinese investors in the hopes of attracting “investment” in their respective states. Walker and the Wisconsin Economic Development Corporation are attempting to attract millions of dollars in Chinese capital investment into Wisconsin, from the PiYi Investment Management Co.
Meanwhile, back in Wisconsin, the monthly ritual of analyzing jobs data continues, with the same result. No matter how the far right attempts to spin the numbers, Wisconsin is still far behind the rest of the nation in job growth. The weekly unemployment claims report showed Wisconsin at the top of the list of first-time unemployment filings.
The largest increases in initial claims for the week ending September 8 were in Louisiana (+6,678), Puerto Rico (+1,679), Mississippi (+1,067), Wisconsin (+988), and Washington (+833).
Right behind Louisiana, Puerto Rico, and Mississippi. Nearly 1,000 first time unemployed. Yes, it’s working – so much that Walker and WEDC will be happy to sell Wisconsin workers and resources to the Chinese, and their followers will be lemmings diving in. Since Walker took office, job growth has come to a grinding halt.
Here’s a look at the numbers Walker actually accepts – the Local Area Unemployment Statistics (LAUS).
Labor Force is at its lowest point in 6 months, and down 10,000 from August in 2010. The population in Wisconsin is growing at about 1% per year – we are not creating enough jobs to even keep up with population growth.
Statewide employment is stagnant since Walker took office in January 2011 (2.833 million 2011 – 2.832 million in August 2012). That increase is consistent with August 2010 – August 2012 – 10,000. With 10,000 fewer people in the workforce, the net is a zero gain.
The number of unemployed is down 8,000 since Walker took office (237,000 January 2011 – 229,000 August 2012), but is at its highest level in nearly a year – September 2011. Again – 10,000 fewer people in the work force.
The unemployment rate is at its highest level since September 2011 as well. Since the passage of the Walker budget in July 2011, any decrease in the rate is virtually gone – again, with 10,000 people less in the labor force.
Scott Walker has chosen ideology over governance. The opportunity has existed to create actual job legislation, and it was squandered. Acts 10 (collective bargaining) and 32 (budget) have done more to dampen the employment hiring climate in Wisconsin than any protest could ever have.
The Bain Capital of China, PiYi, will be enthusiastic to “invest” in Wisconsin. What will that mean?
Public Education defunding to support more state “partnering” with these venture capitalists – socialized risk, privatized profit. Simply stated, the selling out of Wisconsin’s workers, resources, and ideas to Chinese investors.
Rest assured, Scott Walker will make sure our kids have enough education to stack the boxes and work the cheap production jobs for their “venture capital” bosses. Take a hard look at Freeport, Illinois and Sensata for the future of manufacturing in the Midwest. This story has been much ignored in the media.
Welcome to the new economy in Fitzwalkerstan, and the United States.
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