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Monday, November 16, 2009

Pres. Obama Needs To Stop Bowing & Bring American Jobs Back Home!


























































Obama announces Job Summit. President Obama says the White House is organizing a wide-ranging jobs summit to tackle Unemployment.






How low will he go? Pres. Obama gives Japan's Emperor Akihito a wow bow


(UPDATES: 12:22 p.m. A brief news video has been added below, showing the greeting in this photograph. Contrary to some claims, the video shows no reciprocal bow by the emperor, who traditionally bows to no one. And we've added a file photo from 2007 of Vice President Dick Cheney greeting the Japanese Emperor at the same residence in a different fashion.)

How low will the new American president go for the world's royalty?

This photo will get Democrat President Obama a lot of approving nods in Japan this weekend, especially among the older generation of Japanese who still pay attention to the royal family living in its downtown castle. Very low bows like this are a sign of great respect and deference to a superior.

To some in the United States, however, an upright handshake might have looked better.

Remember Michelle Obama casually patting Britain's Queen Elizabeth on the back during their Buckingham Palace visit? America's royalty tends to make movies and get bad reviews and lots of money as a sign of respect.

Obama could receive some frowns back home as he did for his not-quite-this-low-or-maybe-about-the-same-bow to the Saudi king not so long ago.

How times change under Democratic presidents.

Back in 1994 when President Bill Clinton appeared to maybe perhaps almost start to bow to Akihito at a White House encounter, U.S. officials rushed to deny it was any such a thing. And the N.Y. Times chronicled the comedic drama here.

Akihito, who turns 76 next month, is the eldest son and fifth child of Emperor Showa, the name given to an emperor and his reign after his death.

Emperor Showa is better known abroad by the life name of Hirohito. He became emperor in 1925 and died in 1989, the longest historically-known rule of the nation's 125 emperors.

Hirohito presided over his nation's growth from an undeveloped agrarian economy into the expansionist military power and ally of Nazi Germany of the 1930's.

And, later, Japan became a global economic giant. Hirohito, along with Prime Minister Hideki Tojo, who authorized the 1941 attack on Pearl Harbor, were much reviled abroad during World War II.

Historically debate has simmered over how much of a political puppet Hirohito was to the country's military before and during the war.

Even after Democratic President Harry Truman ordered the two atom bombs dropped on Hiroshima and Nagasaki in the summer of 1945, there were strong forces within Japan that wanted to continue to fight the Americans in the spirit of kamikaze suicide pilots.

But Akihito's father went on national radio, the first time his subjects had ever heard Hirohito's voice, and without using the inflammatory word "surrender," pronounced that the country must "accept the unacceptable." It did.

As the conquering Allied general and then presiding officer of the U.S. occupation, Gen. Douglas MacArthur, decided to allow Japan to keep its emperor as a ceremonial unifying institution within a nascent democracy.

Tojo, on the other hand, was hanged.

Akihito was born during Japan's conquering of China and was evacuated during the devastating American fire-bombing of Tokyo, which was built largely of wood in those days.

The future emperor learned English during the U.S. occupation, but, inexplicably, his father ordered that his oldest boy not receive an Army commission as previous imperial heirs always had.

Akihito assumed the throne on Jan. 7, 1989. Within weeks he began a series of formal expressions of remorse to Asian countries for Japan's actions during his....

father's reign. In 2003, he underwent surgery for prostate cancer.

In 1959, Akihito married Michiko Shoda, the first commoner allowed to enter the Japanese royal family. That was two years before the birth of Akihito's future presidential guest, Barack Obama.

Now VP Joe Biden was already 17 by then. But he wasn't a senator.






Pres. Barack Obama bowed to Japanese emperor as "Protocol"


A senior administration official said President Barack Obama was simply observing protocol when he bowed to Japanese Emperor Akihito and Empress Michiko upon arriving at the Imperial Palace in Tokyo on Saturday.

“I think that those who try to politicize those things are just way, way, way off base,” the official said. “He observes protocol. But I don’t think anybody who was in Japan – who saw his speech and the reaction to it, certainly those who witnesses his bilateral meetings there – would say anything other than that he enhanced both the position and the status of the U.S., relative to Japan. It was a good, positive visit at an important time, because there’s a lot going on in Japan.”

The Drudge Report gave a banner headline to a photo of the encounter: “OBAMA BOWS BEFORE JAPAN’S EMPEROR.” Drudge linked to a Los Angeles Times blog post that headlined the photo: “How low will he go?”That led to a raft of e-mail to POLITICO asking why we weren’t covering this big story.





The Worst is yet to Come: Unemployed Americans Should Hunker Down for More Job Losses


Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession.

Also, remember: The last recession ended in November 2001, but job losses continued for more than a year and half until June of 2003; ditto for the 1990-91 recession.

So we can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs just are not coming back.

There's really just one hope for our leaders to turn things around: a bold prescription that increases the fiscal stimulus with another round of labor-intensive, shovel-ready infrastructure projects, helps fiscally strapped state and local governments and provides a temporary tax credit to the private sector to hire more workers. Helping the unemployed just by extending unemployment benefits is necessary not sufficient; it leads to persistent unemployment rather than job creation.

The long-term picture for workers and families is even worse than current job loss numbers alone would suggest. Now as a way of sharing the pain, many firms are telling their workers to cut hours, take furloughs and accept lower wages. Specifically, that fall in hours worked is equivalent to another 3 million full time jobs lost on top of the 7.5 million jobs formally lost.

This is very bad news but we must face facts. Many of the lost jobs are gone forever, including construction jobs, finance jobs and manufacturing jobs. Recent studies suggest that a quarter of U.S. jobs are fully out-sourceable over time to other countries.

Other measures tell the same ugly story: The average length of unemployment is at an all time high; the ratio of job applicants to vacancies is 6 to 1; initial claims are down but continued claims are very high and now millions of unemployed are resorting to the exceptional extended unemployment benefits programs and are staying in them longer.

Based on my best judgment, it is most likely that the unemployment rate will peak close to 11% and will remain at a very high level for two years or more.

The weakness in labor markets and the sharp fall in labor income ensure a weak recovery of private consumption and an anemic recovery of the economy, and increases the risk of a double dip recession.

As a result of these terribly weak labor markets, we can expect weak recovery of consumption and economic growth; larger budget deficits; greater delinquencies in residential and commercial real estate and greater fall in home and commercial real estate prices; greater losses for banks and financial institutions on residential and commercial real estate mortgages, and in credit cards, auto loans and student loans and thus a greater rate of failures of banks; and greater protectionist pressures.

The damage will be extensive and severe unless bold policy action is undertaken now.




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Sources: LA Times, Politico, RGE Monitor, Huffington Post, MSNBC, Youtube, Google Maps

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