Archive - Jun 4, 2010 - Blog entry

While the May jobs report was disappointing, it's nowhere near as bleak as many believe. One month's data will not make the difference. Lots of hysteria out there, but the reality is that US fundamentals are improving and this will eventually spill over into the labor market. A deeper analysis reveals some encouraging trends...

Yes, I'm talking about a cameo by the Nobel Prize winner, famed economist and New York Times columnist, Paul Krugman and Sean P. Diddty in an upcoming summer comedy with enough sex and drugs to kill a small commune--"Get Him To The Greek."

So this is all $887 billion in stimulus gets you? There are now more than 15 million unemployed, including 6.8 million who have been jobless for more than six months. Until today’s number, our nine month long recovery produced a net loss of 133,000 jobs! At this stage of the 2003 recovery, we were regularly clocking 200,000-300,000 a month in job gains. Is Michele Obama already secretly scoping out new private elementary schools in Chicago?

President Obama has now become a professional economist, because like most professional economists his unemployment forecast was wrong. The May unemployment data clearly reveals a flattening of the economy.

As we continue our exploration of our individual and collective insanity, we spend some time examining that lovable megalomaniac ego inside each of us, why and where it all went wrong, the sliding scale of insanity with lots of finger pointing, how we certify our madness for comfort and support, our mental toxic waste dumps and the first sighting of light at the end of the tunnel. Or is that just the crazy train express to DC? Here’s one car wreck we can all safely examine as we drive by in our economic suicide machine.

In continuing my data intense, hardcore, uber-objective dissection of the stuff that is proffered through the mainstream media (MSM), I bring you...

Oops. The Swiss have left the house.

Is 10% of all higher education in the US nothing more than a scam? The gravy train is about to end. Education’s version of the subprime crisis. A crack down on deceptive marketing practices, where degree programs are sold like time shares. The student loan default rate at for profit schools is thought to be as high as 50%. Sticking the government with the tab. Starve these schools of subsidized government funding, and their shares are history. And just try and get a job with one of these Mickey Mouse degrees. (APOL), (CPLA), (DV).