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Posts Tagged ‘Unemployment’

Could have sworn I posted this last night. Crap. Well, it is now.

I read something like this and I think “Gosh I’m proud to be a fellow American to this guy” and “Gosh I’m not worthy of his sacrifice(s)”.

Already wounded by a bullet that went through both his legs, (Sgt. 1st Class Leroy Arthur) Petry picked up an enemy grenade that landed near him and two fellow Rangers and threw it back toward the enemy, according to the Army News Service. The grenade detonated and blew off Petry’s right hand. Petry applied a tourniquet to his wound and called for help.

And you’d be completely within your rights if you thought to yourself “… and then he probably went over and kicked the bad guys’ asses before deciding whether to pass out.”

That’s one tough hombre.

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REALLY steams my clams when you hear about the total opposite end of the spectrum, with losers like this.

Upon outing an individual who may or may not be with the CIA, a leaker scumbag said:

“I do not believe my post put anybody in physical danger,” Cook said in an email response to several questions posed by FoxNews.com. “I do not believe that people whose photographs are distributed by the White House as part of its public relations efforts have a reasonable claim to ask that no one speculate as to who they are.”

[snip]

Cook said he and his Gawker editors discussed potential safety concerns before publishing the information and photos.

“We came to the conclusion that it is highly unlikely that the White House would distribute for publication a photograph of a man whose life would be endangered if his photograph were ever published. Likewise, we decided that it is highly unlikely that such a man would publicly accompany the director of Central Intelligence, in the presence of AP photographers, to Capitol Hill to testify.”

So how is it that reporters and other liberal arts majors acting as editors are somehow more qualified to assess danger to an agent’s person (or surrounding networks) than the intelligence people themselves?

This guy is so clueless as to his uselessness that if he really understood the sheer magnitude of how abysmally worthless he is as a human being, he’d immediately commit suicide.  Most people, when they really are truly forced to face the truth – deep in their soul – have the capacity to be ashamed and find the truth to be intolerable.

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More worthless?  Yes.  Absolutely.

NBC has issued a formal apology to more than 100 members of Congress for omitting the words “under God” from the Pledge of Allegiance during a patriotic montage that aired last month.

The letter, signed by Kyle McSlarrow, president of NBC Universal, comes in response to a complaint by 107 members of Congress alleging that a montage shown during coverage of the U.S. Open golf tournament obscured America’s religious heritage.

The montage featured video of schoolchildren saying the pledge alongside images of soldiers and American flags, but did not include the phrase “under God.” It also omitted “one nation” and “indivisible.”

NBC ought to be issuing the apology to the rest of us Americans who are deeply insulted by their atheist left-wing editing of reality.
There’s an awful lot of  leftists (and minorities, if you get right down to it) who are perpetuating problems that should be behind us by seeking to divide us in the name of “freedom”.   When was the last time you saw a liberal that celebrated freedom for it’s own sake and not as a tool to control others in their pursuit of societal and economic engineering?
Also, speaking to point out that part of freedom is the freedom from (a) integrating and, (b) standing as one, is a time-honored leftists (and dare I say anti-American?) tactic.  It’s much like saying “In a free country we have the right to burn the flag”.  Actually, yes you probably do technically have that right, but it isn’t right, proper, or worthy – and no one should celebrate or tolerate your actions.

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Source: The Patriot Post (Cartoonist Ramirez, who is the best)

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Update: Time to play “Where’s My Porkulus Money?

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While the Porkulus Package being shoved by Obama and congress-critters is predicated on fear, loathing, and hysteria, let’s try to get some perspective.

No one is denying that the financial situation is not bad or that the job situation is not a rather harsh toke.

But to go and do everything, even anything, based on emotional assumptions not rooted in fact is kind of dangerous.

Look at the Unemployment Rate:

unemployment-vs-year-1948-2008

click to embiggen

It is safe to say that 4% unemployment is always there.  These are people who are laid off through normal influences, fired, had to leave for reasons out of their control, and those who just couldn’t be employed if you threw jobs at them.

Unemployment is now at 7.6%.  In the 70’s and 80’s it was at 9% and almost 11% respectively.  It’s been over 7% six times since 1948.  Go to the source on the graph and look at the key historical events they’ve noted and look at the relationships.

Inflation rates:

click to embiggen

click to embiggen

We’re actually seeing it go down.  Which (1) has it’s own problems, and (2) means that our gov’t just might be stupid enough to print vast scads of money to offset it and to get more money “out there”.  This would be bad.  Very very bad.

Far better to treat this as a market adjustment and stop trying to fix everything by using methods that might make it worse by driving inflation up very rapidly.

Just trying to put this all in perspective.  Just like antivirus companies have it in their best interest to make you concerned about the horrible dangers around every corner, so too do economists and reporters have a built-in bias to add to any assessment of the economy.  Here’s a great example of fearmongering that actually acts as a sh*t-multiplier:

Bill Gross, co-chief investment officer of Pacific Investment Management Co., said the U.S. may slump into a “mini depression” unless policy makers spend trillions of dollars to spur growth.  – Bloomberg.com

Yeah, that’s real helpful guys, and you could do it all in the name of “public service” and feel good about yourselves.  I’m not saying suppress the news, just make sure people realize that this is a guy’s opinion not fact.  The key word there was “may“, and you also need to understand why he said that, what his motivation is – of course he wants more money freed up… for him and his ilk.  But by scaring people you will cause them to be even more cautious and thus locking up more money.  We’ve already seen how “helping the credit markets” has done precious damn little down here on earth – it has allowed the companies themselves to pad themselves, not really free up money to be loaned.

Here’s another example of why I believe panic is… bad.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing. – WA Times

For more fun, find Dick Morris and read his piece on why throwing money out there just isn’t going to work – it’s too simplistic.  Keynsian  Fallacy.

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Poor Obama.  He’s found out that when you’re not being worshipped continually doing work worthy of being commended for is… work… and it ain’t easy.  Notice how the media isn’t throwing softballs nearly as much?

Obama bemoans: Everyone’s an economist
Feb 6 12:22 PM US/Eastern

Comments (23)
WASHINGTON (AP) – President Barack Obama says in Washington these days, everyone’s an economist—or thinks they are.

Obama introduced a team of outside economic advisers Friday at a White House ceremony in which he also renewed his demand that Congress act quickly on his economic recovery package.

As the country struggles with the worst financial crisis since the Great Depression, Obama said there has been no shortage of advice on how to solve the nation’s woes.

“You’ve got some economists and some folks who think they’re economists. By the way, these days everybody thinks they’re economists,” he joked.

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For a bit of comic relief, go check out a blog devoted to… Cake Wrecks.

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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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