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U.S. payrolls declined by 247,000 in July, the 19th consecutive month of job losses. The "good" news: it was the smallest monthly job loss in nearly a year, prompting pundits to spin it as a clear signal that the economy is emerging from the recession.
End of the recession? For whom?
The alternative employment survey, of households rather than business establishments, shows a decidedly bifurcated picture. While total employment declined modestly in July, non-Hispanics bore the entire decline. For Hispanic workers, July was one big job fair:
Obviously, the U.S. government can't afford all its overseas commitments. So, which should we cut back and how much would we save by leaving Iraq, Afghanistan, South Korea, Puerto Rico, Germany, Kenya, and the like?
For example, almost 20 years after the fall of the Berlin Wall, we have 56,200 military personnel based in Germany. Doing what, exactly? Protecting Germany from whom? France? Poland?
We have 33,000 troops in Japan, another expensive country, and 28,000 in South Korea.
What is America's increasingly lethal war in Afghanistan about these days other than Barack Obama trying to to check off the Must Look Tough box on David Axelrod's re-election image strategy list?
Washington Watcher writes
Since I wrote on Obama Care for illegal aliens, two important votes took place in the Energy and Commerce Committee.
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