The Rate of Things

My husband and I were talking the other day about the unemployment rate.  Many people at his company got laid off, and I was telling him what I was seeing in the news about the DJIA and unemployment rates, that sort of stuff.  I thought I’d put together a list of some links to the kind of stuff I see in the news.

While this first article is from 2014, the numbers haven’t changed all that much. 

Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years

Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more. 

Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years | Washington Examiner

Here you can see how the unemployment rate spiked after the 2008 election: Bureau of Labor Statistics Data

Here you can see how the Labor Force Participation Rate has steadily declined since the 2008 election: Bureau of Labor Statistics Data

Here is an article demonstrating how the disability rate goes up when unemployment rates go down: Unfit for Work The startling rise of disability in America

And another article about that: The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece | Zero Hedge

Here is an article about the increases in food stamps: Food Stamp Beneficiaries Exceed 46,000,000 for 38 Straight Months

The number of people on some kind of support keeps growing, while the number of people providing that support keeps lowering.  This is not sustainable.  The government cannot continue to provide, when the providers are out of work.  Nor should the government be providing these kinds of things for people.  That is the responsibility of families, churches, communities, and organizations designed for such things.  The government’s declared Constitutional role is to provide for the national defense, not food stamps.

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Non-negotiable

President Obama will neither sign government funding bills that slash domestic spending nor negotiate to reduce the federal debt limit.

The president was not going to accept a budget in which domestic spending is further cut to soften the blow to Defense spending.

White House doubles down on vow Obama won’t agree to more spending cuts | Fox News

 

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

 
Before he enter on the Execution of his Office, he shall take the following Oath or Affirmation:–“I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.”
So, Obama isn’t willing to cut spending, (but somehow will blame Republicans for his refusal) he’s unwilling to soften Defense cuts, and I’m wondering if he’s even read the Constitution he’s sworn to uphold. 
 
I think not. 
 

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Insanity

 

In 2012, Washington collected $20,000 in taxes for every household in America. But Washington spent nearly $30,000 per household.  Tax Day: Where Did Your Tax Dollar Go?

Taxday_600

I look at this and wonder who in their right mind thinks this is okay?  Who can overspend their budget by 30% and think there won’t be consequences? 

Not only is the spending insane, but the things our money is being spent on are wrong, as well.  The federal government is not supposed to be paying for all these things, except for national defense.  Social spending is not the federal government’s responsibility. 

If we don’t do something about this soon, and I mean soon like yesterday, we’re going to make Greece look like child’s play.

~Ness 

Political Funnies

So, what do you do when you love to laugh, but you’re sort of into politics?  You collect political cartoons!  Here’s a link to some I’ve collected on the economy.  Hope you enjoy the chuckles!

Political Cartoons on the Economy

~Ness

072511

Disappearing Jobs

I found this article a few weeks ago and was going to do a longer post on it, but have decided not to.  I mean really, what else is there to say?  We are bleeding jobs. 

 

Disappearing Jobs

 

Here’s a list of the top 10 industries expected to lose the most jobs by 2018 — and what to do if you’re working in one of them: (click the above link)

1. Department stores: Projected to lose 10.2 percent of the 1.56 million jobs they had in 2008.

2. Semiconductor manufacturing: Projected to lose 33.7 percent of the 432,000 jobs it had in 2008.

3. Motor vehicle parts manufacturing: Projected to lose 18.6 percent of its 544,000 jobs.

4. Postal service: Projected to lose 13 percent of the 748,000 jobs it had in 2008.

5. Printing and related jobs: Projected to lose 16 percent of its 594,000 jobs.

6. Cut-and-sew apparel manufacturing: Projected to lose 57 percent of its 155,000 jobs.

7. Newspaper publishers: Projected to lose 24.8 percent of its 326,000 jobs.

8. Mining support jobs: Projected to lose 23.2 percent of its 328,000 jobs.

9. Gas stations: Projected to lose 8.9 percent of its 843,000 jobs.

10. Wired telecom: Projected to lose 11 percent of its 666,000 jobs.

Obama’s Cruel Tax on the Poor

By Orson Scott Card
November 3, 2008

America Unplugged!

Obama’s "ideological" energy plan would cripple U.S. economy

Obama isn’t cutting taxes for the poor, because they don’t pay any.

Instead, he’s planning to make it so expensive to generate electricity that only the rich can afford to use their appliances whenever they want.

Why? It’s all in the name of Obama’s True Belief in Global Warming. He says it himself — he’ll take coal off the table as an "ideological matter." Even if technology allows us to use coal in a clean way, he’s opposed to pursuing it.

He wants to put a huge penalty on companies that emit carbon — which means that starting up new coal-powered electrical plants will be prohibitively expensive. In Obama’s own words, "It will bankrupt them."

"Cap and trade" plans have already been tried, and they don’t work — they cost too much, and people find ways to get around them. But Obama promises us that he’ll take that failed idea and be "as aggressive, if not more aggressive, than anybody else’s" plan.

In other words, if it doesn’t work, let’s do more of it!

This is Obama the New Puritan. We’ve found his real religion: Political and Environmental Correctness.

It’s more important to him to eliminate coal than to find practical solutions. Why? Because coal is "bad." Our groupthinking "intellectual" elite thinks they are post-religious — but they believe in sin and hate the sinners.

(Real intellectuals are skeptical and look for evidence before they embrace an idea; global warming, like the rest of the dogmas of the extreme Left, are believed without proof, by faith alone.)

For the New Puritans, Global Warming is the vengeful god that must be placated. Our economy is the sacrifice to that deity. In the name of Global Warming, we must destroy our quality of life — and, like sales tax, it will hurt the poorest people first and most.

Unfortunately, human-caused global warming exists only in the way Zeus exists — in the imagination of believers who ignore obvious natural explanations. So this sacrifice of America’s most bountiful and reliable energy source (until we can get solar and wind and nuclear up and running) is to a god that only seems real to people who are not serious about staying connected to reality.

Right now it is vital that we convert all our land transportation to electricity so we can wean ourselves from oil (and save that fuel for air transport). It will take far longer to convert away from coal as a source of that electricity — so what we need right now, as a temporary measure, is to build more generating capacity.

Obama would freeze us where we are. Literally.

Our electrical system would be rationed, or as intermittent as in Saddam’s Iraq or today’s Nigeria — oil-rich countries that did such a poor job of providing electricity to their citizens that might go away for weeks, and when it comes back on, it’s only for a few hours a day.

The poor would be hardest hit. When that electric bill is bigger than your house payment, something’s got to go. What do you turn off? The fridge? The stove? Using the microwave is out of the question. Hair dryers? Gone. And you can forget watching DVDs or television.

It’s Obama’s first album: America Unplugged.

But the harm to the poor wouldn’t stop with their inability to afford to use the appliances that the rest of America gets to use. With energy costs soaring to assuage Obama’s god, people will have less money to spend. The cost of manufacturing everything would soar.

Let’s see — higher prices, less income. Do you see vast unemployment following?

Not only will the poor be worse off, there’ll be a whole lot more of them.

Why didn’t the San Francisco Chronicle tell us about this back in January, when Obama laid out this plan?

Because it wasn’t good for the rest of the country to know what Obama really plans to do. If we knew the truth, we might not vote for the Anointed Ruler.

So why did this tape emerge now? Maybe some reporter or editor got an attack of honesty. Or maybe they woke up when they saw Obama declare war on the press — punishing newspapers and tv stations that were not sufficiently loyal to the Anointed Ruler.

Think of it: Not only can we have Nigeria’s electrical power system, we can have Egypt’s and Russia’s "free" press! All courtesy of Obama!

For a long time we really haven’t been able to find out who Obama is. But now, as the Anointed Ruler makes his triumphal parade to Mount Olympus, his arrogance is showing.

We caught a glimpse when he sneered at religion, saying that we turn to it only out of bitterness — rather than, say, faith, or charity, or love of virtue, or spirituality.

Obama thinks like a New Puritan — the people who punish anyone who speaks an incorrect thought. You’ve seen how they borked Joe the Plumber and, for that matter, Sarah Palin, accusing them of terrible things — none of which were even bad!

Obama thinks that coal is the devil. But when you ban coal as a source of additional electricity, you cripple our ability to transition to the technologies we must have to keep our great, world-fueling economy going.

But Obama: when you bring the whole global economic system crashing down, what do you think we’ll use to heat our houses — or caves — then?

Coal and trees. Lots and lots of carbon.

Obama and his elitist friends think they’re smart, but they don’t live on planet Earth, they live in a playhouse where they can make huge messes with their stupid policies, and then pretend that the mess is someone else’s fault while they hope for some invisible mommy to come and clean it up.

The invisible mommy so far has been the American people and the resilient economy that we create (along with the few remaining moral standards that have not yet been crushed).

But we can’t clean up after Obama’s plan if we’re too broke to turn on the lights.


Copyright © 2008 by Orson Scott Card
Don’t wait for permission — reprint, forward, or link to this now.

It’s the economy, stupid!

I’ve been going through my Reader, catching up on all my blogs, and I caught this fascinating article over on American Thinker.  Exactly Wrong, Again 

“We are not in recession.  The economy of the last eight years has been fine.  And we are doing better than our European know-it-alls who favor an Obama victory.  At least that’s what the most recent economic data show.”

Statistically, we’ve been better under Bush than we were under Clinton, although Liberals would have you believe otherwise.  Taxes were much higher under Clinton, so don’t get so excited when Obama tells you he’s going to “put things back” to Clinton levels.  Be afraid, be very afraid. 

Check out the article linked above and you’ll see what I mean.  It’s been better in America under Bush than it was under Clinton, and it’s better in America than it is in Europe.  So if Bush is supposed to be some kind of economic problem, why are things worse in Europe than they are here?