If you have "no place to go," come here!

Permanently high DISemployment is not a bug. It's a feature.

Via Joe Weisenthal, here's the long term unemployment hearing room:

Policy is whatever is not a problem for the political class. Obviously, DISemployment is not their problem. Therefore, it's their policy.

UPDATE The details:

@ Order of appearance: Sen. Klobuchar, Sen. Murphy, Rep. Delaney, Rep Cummings. Joint Econ Comm. Story on broader issue coming.
Niraj Chokshi
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Submitted by transcriber on

HuffPo link is great -- gives history,

The all-but-complete absence of congressional interest was first documented by National Journal reporter Niraj Chokshi, who tweeted a photo of the hearing. Shortly after the photo was posted, several other lawmakers did trickle in to participate. Sen. Christopher Murphy (D-Conn.) arrived eight minutes into the hearing. Once the hearing had been under way for 35 minutes, Rep. John Delaney (D-Md.) was also in attendance, according to Chokshi. Eventually Rep. Elijah Cummings (D-Md.) also joined, bringing the crowd to four.

More than 4.6 million Americans have been jobless for at least 27 weeks...

Senators who did not attend the hearing included Sens. Robert Casey (D-Pa.), Mark Warner (D-Va.), Bernie Sanders (I-Vt.) (!-me), Martin Heinrich (D-N.M.), Dan Coats (R-Ind.), Mike Lee (R-Utah), Roger Wicker (R-Miss.) and Pat Toomey (R-Pa.). Reps. Kevin Brady (R-Texas), John Campbell (R-Calif.), Justin Amash (R-Mich.), Erik Paulsen (R-Minn.), Richard Hanna (R-N.Y.), Carolyn Maloney (D-N.Y.) and Loretta Sanchez (D-Calif.) also did not attend.

has four authors,

Ryan Grim
Zach Carter
Sam Stein
Jason Cherkis

and maybe my favorite thing is that at this moment it has been recommended 10,771 times and has 10,360 comments with 29 pending.

Well all right.

transcriber's picture
Submitted by transcriber on

Also would like to point out that that hearing picture that Niraj Chokshi tweeted that has shocked everyone is remarkably similar to the hearing pix from the two Senate Banking subcommittee hearings earlier this month on the foreclosure review and mortgage settlements that I posted transcripts of.

First hearing was attended by Sherrod Brown, Elizabeth Warren, and, briefly, Jack Reed, who were all excellent btw:

Hearing: Outsourcing Accountability? Examining the Role of Independent Consultants; Thursday, April 11, 2013

Second hearing was attended by Bob Menendez (lone at start), joined by Jeff Merkley, both excellent, with a graceful parachute appearance by Republican Jerry Moran.

Hearing: Helping Homeowners Harmed by Foreclosures: Ensuring Accountability and Transparency in Foreclosure Reviews, Part II; Wednesday, April 17, 2013

The minimum number of people directly affected by those hearings were the 4 million homeowners foreclosed on during the 2009-10 period via illegal bank practices stipulated to by the settlements.

Submitted by Hugh on

Interesting, I was just noting today over at Naked Capitalism that permanent high unemployment was a structural feature of kleptocracy, not a bug.

Poor job quality, poor job creation, greatly understated unemployment and disemployment for years now. Little to nothing dones. Contrast this with the big push to get the TARP passed and the total acquiescence to the Fed's $16 trillion bank bailout.