America’s Toilet Paper Economy
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The pundit class is so desperate to put a happy spin on the nation’s faltering economy they have resorted to this: toilet paper.
Forget tea leaves. Now we are told the state of the economy can be divined by the shift in consumer purchases from one-ply to two-ply—and even three-ply!—toilet paper. The more ply people buy, the better the economy. Clearly then, we as a nation are on a roll.
America’s 27 million jobless also see the economy in terms of toilet paper. But they’re not counting the number of tissue layers.
In May, some 6.8 million U.S. workers were out of a job for 27 weeks or longer, up from 4 million a year ago. More than 250,000 people a week are losing their unemployment benefits, according to the National Employment Law Project (NELP).
So, what is Congress doing about it?
Jobs Creation or Deficit Reduction? The Public Has Decided
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Stop by any corner grocery store and ask the people standing in line: What do you worry about most—jobs or the nation’s budget deficit?
If they don’t choke up laughing, chances are real high they’ll give the same response as did the public in two recent polls:
Priority #1: Jobs.
Priority #2: Jobs.
Priority #3: Jobs.
A poll for Democracy Corps published Nov. 30 found that when given a choice, “voters embrace a bold jobs initiative over a long-term deficit reduction program by two-to-one.” A survey taken by the Economic Policy Institute (EPI) earlier this fall revealed the same: The Hart Research Associates poll found that by a margin of 53 percent to 42 percent, the public is more concerned about rising unemployment rates than the rising federal deficit.
