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Posts Tagged ‘Economics’

That someone had to even waste the breath to say this scares me so much that I get anxiety attacks.

Hell, Republicans are doing everything possible to help Obama win.

The fact that no one has beaten the everloving stuffing out of Donald Trump is great support for my argument.

Why the RNC isn’t vetting candidates as hard or harder than the Democrats stymies me.  Look at all the effort wasted on people like Cain.  Cain looked all right, but it wasn’t until accusations piled up hip deep that it was obvious that the man was so devoid of common sense that he’d even try to run with skeletons and even still-warm bodies in his closet.

All of the wasted effort and slashing of the frontrunners by the laggers – here’s what’s happening:

In 2012, there is going to be an election which is very similar to the world heavyweight boxing title.

In preparation for it, all the Republican hopefuls are going to engage in razor fighting and everyone assumes that if they are going down their situation can be saved with a kamikaze razor.

People like Trump who duck in the melee now and then to shoot front-runners in the ass with stuff ranging from sedatives to paralytics to gasoline is the new millennium’s answer to Ross Perot.

Sniping the leader  rather than weeding out the weak DOES NOT MAKE FOR WINNING AN ELECTION.  Natural selection results in stronger individuals when you let the carnivores eat the weak.  If you kill off the strongest so only the weakest can take each other down then when it comes to the primary a choice between weaker candidates is all that is left.

Dick Morris is no dummy.  If he’s expending the breath to say Ron Paul would be a win for Obama worries me.  The implication is that that Mittens or Newt, neither of which are good solid electable Presidential material, could slash each other to the point where they bleed to death, or some idiot could attack the better of the two so they can attack the weaker…

Don’t get me wrong – I think every last Republican in the field is better than Obama… every… single… one… but I also think that we’re treading into the waters of unelectability with Mittens and Gingrich, and Ron Paul… if we get Paul, hell, let’s just not even bother with the election, okay?

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Found over on Weasel Zippers.  It makes me ashamed that I was born and raised in Orygun, even though I am one of perhaps six folks to come from there that are conservative.

Occupy Portland Mom Places 4-Year-Old Daughter On Train Tracks During Protest To Shut Down Port of Portland…

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It’s economics writers like this one that really really piss me off.

The real dirty little secret of the American economy is that we are doing OK.

Sure, if you’re a bigger company and can get a loan, or if you’re not locked in one place because your house is so far underwater that you’ve got fish spawning in your attic insulation, or if you felt comfortable splurging now and then (even though you’re far from it), or if you felt like there’s nothing really that says something can’t come right along and wipe out a huge number of businesses w/o working up much of a sweat.

We are NOT doing OK.  We are pursuing the practice of spending beyond our means with a very shaky economy with high unemployment.  That is not ok, it has never been ok, and will never BE ok by any definition written by someone who isn’t smoking crack cocaine.

In its final statement before the end of the year, the Federal Reserve described the economy as “expanding moderately.” Almost all major statistics suggest that “moderately” may be an understatement. Manufacturing surveys such as those conducted by the Institute for Supply Management have been above 50 for months, which indicates growth. The same goes for service-sector surveys.

The overall economy as defined by GDP figures has been in the range of 2 percent, not great, but also not artificially inflated by too-easy credit, as was the case between 2004 and 2007. Incomes are flat or slightly down, but savings are up, which shows that the vast majority are living within their means and making solid choice about the lives.

Unemployment remains high, and structural, but also stagnant. Job gains are minimal, but so are job losses. And consumer sentiment, a fickle barometer, but indicative of moods and expectations, has been slowly creeping up against a tide of negative views about the U.S. and the world emanating from politics, Wall Street and the media.

But here’s the question – if all the statistics say that the economy is doing great, and every person out there has this awful gut feeling that things are anything but… please tell me how the economy is doing great.

The statement “consumer sentiment, a fickle barometer” is one of the most arrogant things to say.  Consumer sentiment is just fine, it is the idiots reading the tea leaves that contribute to the notion of ‘fickle barometer’.

Negative views about the US and the world emanating from politics, Wall Street, and the media ARE CORRECT.  Things are really quite dire.  So either the author is quibbling and saying nothing at all – OR – he is trying to say in a couched fashion that things are lookin’ good and it’ll be a sunny day tomorrow.   One is a waste of everyone’s time and the other is an “expert” who needs to start infusing analyses with reality.

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It seems that some people would like excuses because they feel uncomfortable turning down a holiday drink.

How about “No, I would not care for a drink” and if that doesn’t work say “Why the f*ck do you care if I have a drink or not?  I don’t want one, and leave me alone about it.”    Is either one of those just too difficult to say?

They suggest that some of those below are acceptable, which if the people are so casual of acquaintances that you can use these (or if you care so little you can say you get really racist after a few drinks) why do you care what they think when you tell them “No” and fall back on “Piss off”?

“No thanks. I get really racist after a few drinks.”

“Before I accept, I should warn you I brought a guitar with me.”

“I love drinking, but it doesn’t half make me vomit.”

“Not for me, I have a flight to catch later on. No, I’m a pilot.”

“I know I don’t look it, but I’m only 15. It’s a long and deeply disturbing story.”

How about this instead?

“Only two of the violent assault convictions were ever provably due to alcohol and I’ve paid my debt to society, so… sure, why not?”

I’m sure you guys have got more…

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Over at Four Right Wing Wackos, there was this wonderful post by Ragin’ Dave. I’m putting it here but I strongly encourage you to go over there and window shop, browse, ask questions if good ones come up.

Read their stuff, then zip back up here to the top and read how the government measures unemployment that’ll *really* bake your noodle.  You’ll never trust a statistic about unemployment again.  Well, you shouldn’t anyway, beyond who is signed up for unemployment – and even that has “issues”.

Economics and stupidity

I was listening to the news the other day, and the reporter (from CNN, of course) was almost going into hysterics over the latest unemployment numbers. “AMERICAN UNEMPLOYMENT IS AT 5.5%! OHMYGODWEREALLGONNADIE! EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEK!”First thought out of my head – Isn’t 5.5% about half as low as most of Europe?

Second thought out of my head – Why the increase when there haven’t been any major layoffs or other reductions in employment?

Answer:

“It wasn’t Bush, it wasn’t greedy corporations, or free trade, or history’s most over-predicted recession. It was not the oil companies, income inequality, or the excesses of cowboy capitalism. None of these things caused the unemployment rate to jump a half a percentage point in one month. Ask yourself a few questions: Why did unemployment surge at a time when unemployment compensation claims are historically low? More to the point, how could unemployment spike this much without a coinciding spike in corporate lay-offs? The answer to all of these questions is same: because very few people lost jobs last month. This huge jump in the size of the unemployed comes from new entrants to the economy—hundreds of thousands of them. In short, well over 600,000 people who were not job seekers in April became job seekers in May. And who starts looking for work at the end of Spring? That’s right—students. Hundreds of thousands of students are looking for work right now, and they’re not finding it. Congress is to blame. Last year Congressional Democrats (along with some Stockholm-Syndromed Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment—that rapid increases in unemployment compensation hit teens and minorities the hardest. But the class-warriors are running the people’s house now, and they would hear none of that, so they took to the floor, let loose the dogs of demagoguery, and saddled America’s pizza parlors, municipal swimming pools, house painting businesses and lawn mowing services with a huge cost increase. Now, we see the perfectly logical outcome of wage controls—rising unemployment among the most economically vulnerable.” [my emphasis]

So, in short, what anyone with a brain predicted would happen if Congress dicked around with the minimum wage did indeed happen.

Congress should not be allowed to do a damn thing with the economy. Their collective knowledge of economics wouldn’t fill a shoe box.

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