This page has been archived and commenting is disabled.
About That "Jobs Improvement" Under President Obama
We have heard much from the propaganda machine just how much better the jobs situation has gotten under president Obama three years into his term. We would like to interject with two very simple charts...
Chart 1
Chart 2
h/t John Poehling
- 23541 reads
- Printer-friendly version
- Send to friend
- advertisements -




And that means DO Do dukie. The 99er's get killed on 3-31. I have to piss. have agood weekend.
Real unemployment is near 20%. If people knew this there'd be blood in the streets (at least figuratively).
So (in real terms) are we going down the secular bear market route like in Japan? The fundamentals in Japan were terrible and each suckers rally subsequently came crashing down...
http://www.planbeconomics.com/2011/02/10/chart-buy-hold-priceless/
Blood? I thought your flag there is full of the blood of the Chinese peasantry.
http://www.youtube.com/watch?v=meD-TkteWxA&feature=feedu
http://www.prweb.com/releases/iget2work/unemployedquilmovie/prweb5115704...
h/t
http://theautomaticearth.blogspot.com/
yes, 750 new jobs servicing military hardware is definitely a sign of an improving economy, not a sign of increased warfare.
The President is extremely aware higher oil prices are bad, so we are actively seeking to secure more oil through humanitarian missions to help democratize MENA, and create more jobs in the military and support industries.
Or maybe I'm too cynical.
Unemployment could be 40% but there will not be riots while the food stamp debit cards still buy the monthly groceries.
as long as un-employment is extended.. food stamps are passed out.. "We the People" can maintain our Danzig wiff da Starz / Jerry Springer TiVo schedule along with un-limited amounts of fatty snacks.. all is well in the World. Better to sit home on our fatasses and watch the World Burn than to get up and plant a garden just in case.. God Bless America, even the stupid Americans.
Don't forget MTV and the real opiate of the masses - sports.
+ 1oz agreement here but all bets are off once wonder bread gets to $10 a loaf but by that time anyway, we'll be heading into WWIII to even really give a shit.
Are the funbux placed on EBT cards adjusted for inflation by the CPI?
(It's the screwin' they're gonna get for the screwin' they got!)
let's start a ZH snap based payday loans outfit.. we can even put whiskey & cigs in milk & egg cartons and sell at the desk all while grabbing interest on their future payouts
frontrun the end of the world
You're a humanitarian...in the way that people who eat veggies are vegetarian.
just doing my job as a soul sucking vortex
No.
Recently, pilot studies were begun to determine the extent to which illegal aliens were filing for unemployment benefits. Several SESAs are participating in the study in cooperation with the Immigration and Naturalization Service (INS) and with technical assistance from ETA. In two sites the studies were initiated after the INS found evidence that an illegal alien apprehended for deportation was collecting benefits at the time the individual was apprehended. The preliminary findings indicate potentially widespread abuse of the unemployment insurance program by illegal aliens.
While only a small stage of individuals filing initial claims are aliens, the preliminary findings from the pilot studies show that a substantial number of these aliens (as high as 40%) are verified by INS as being illegal aliens who are not authorized to work. In many cases, the alien registration number on the claimant's document was not on file with INS, indicating the immigration document was counterfeit. In other cases, the documents may have been altered because the name, date of birth, or sex on the claimant's card did not agree with the data in INS records.
In the case of aliens apprehended for deportation, the INS estimates that between 10 to 15 percent have a social security number in their possession. Several SESAs matched the social security numbers of illegal aliens deported from their States over a period of several months with UI benefits payment records for the last 3 Years, and in some cases wage records. A number of deported aliens (as high as 25 percent) had recent claims activity and, in some cases, claims were currently filed under the social security number of the deported alien.
http://workforcesecurity.doleta.gov/dmstree/uipl/uipl83/uipl_0683.htm
Um, anyone who get UI benefits paid UI premiums. So did their employer.
You make a good case that employers should do a better job policing who they hire.
Always good to read a comment that is based on fact rather than emotion or abject stupidity. There's also the frisson at the thought of over-imbibing as well. Have a good weekend, yourself.
This is just racist.
It demeans my people.
Why then, when you were in the senate, didn't you make a law to supply easy jobs for your people instead of easy financing for houses your people clearly could not afford?
Because having a job and living in a house demeans my people. My people should not have to work, that is demeaning to them.
Take your passive aggresive DO-Do some where else. Da bloshita! I don't play your crapola!
I regrettably am disinclined to acquiesce to your request.
Most humble appologies.
(Dis--inclined) You understand prefix and suffix? Aquiesse: A fragrance or candle to help me relax. Request. How does an acquiesent request pertain to a pronoun in first person? It seems to be an adjective or verb phrase/ NO?
Wow, you are dumb.. You got industrial dumb down..
Humor translates very poorly on the internet. This looks like just some Friday night "sword play" from people who apparently really need a hug.
Or, maybe they just need to get a room! And no, I do NOT want to know who gets the handcuffs or ball-gag!
Ok, I'll calm myself. It was a long week. More commodity based than industrial, though.
Wow! "Da bloshita" conjures up about zero Google hits. That's like getting a Bacon Number of 9. You must be like 89 sheets to the wind.
You actually Googled that? I'm impressed. Thanks for the compliment!
The charts are clear, 5 percentage points were lost from the peak in the late 1990's to the beginning of the Obama administration.
Since the administration took office, one more percentage point was lost. It was lost in the first year, as the trajectory remained unchanged from 1/2009. It stabilized in the second year.
The charts are clear.
Tarp, qe-1, qe-2 and light. Debt ceilings and godzilla government. Care to debate further?
"It demeans my people."
Yeah, now Holder has that "little" ATF issue goin on south of the border that they were trying to lay the blame entirely on US citizens not more than six months ago.
Whoopsie, butter trigger finger...LOL.
But there would not be as big of a problem to fix without the ATF being involved.
Make work program for the FEDs.
pods
"Make work program for the FEDs."
Seems so...nice job huh?...our tax dollars at work.
"One e-mail noted, "958 killed in March 2010 ... most violent month since 2005." The same e-mail notes: "Our subjects purchased 359 firearms during March alone," including "numerous Barrett .50 caliber rifles."...
"Senior agents including Dodson told CBS News they confronted their supervisors over and over.
Their answer, according to Dodson, was, "If you're going to make an omelette, you've got to break some eggs."
http://www.cbsnews.com/stories/2011/03/03/eveningnews/main20039031.shtml
Edit;
And, because nobody asked (on this slight diversion from the topic at hand)...one of the guns that was allowed by the US government to go to Mexico was used to kill a US government employee who was trying to keep illegals from being robbed as they tried to enter our country illegally...some of the good guys were armed with & utilized non-lethal beanbags on orders...friggin insanity.
"But Terry's brother, Kent Terry, said the other agents who were there that night told him that they were instructed to use the non-lethal beanbags first. It's a policy that doesn't make sense to Kent Terry."
http://azstarnet.com/news/local/crime/article_681d29cf-845a-5aea-9f34-3837d70b8a31.html
"There was so much opposition to the gun walking, that an ATF supervisor issued an e-mail noting a "schism" among the agents. "Whether you care or not people of rank and authority at HQ are paying close attention to this case...we are doing what they envisioned.... If you don't think this is fun you're in the wrong line of work... Maybe the Maricopa County jail is hiring detention officers and you can get $30,000 ... to serve lunch to inmates..."
This whole friggin' country is corrupt
"This whole friggin' country is corrupt"
No...I've long held that we are fine...it's they who are pretty much fucked ;-)
Alex, I'll take guns for $1000 </humor>
Yeah and 52% of black babies aborted annually is not demeaning somehow?
No one sees it because it's right in front of them.
somewhere, hambone is smiling
Yes, that is interesting isn't it.. Six months ago regular US citizens were selling guns to Mexican mafia members at gun shows according to ATF and now we find out the ATF is supplying the Mexican Drug mafias with straw purchased guns and not arresting them but letting the guns be used and distributed throughout the cartel with no possibility of ever confiscating them. When does Sen. Grassley (may ethanol rust his tank) take down acting Director Melson and the rest of the rejects at ATF?
From everything I've read most (this is a important distinction) of the arms comes from south of them through Guatemala via Honduras.
Texas and other border state Mom & Pop gun shops are not in the habit of stocking grenades, rocket launchers & bazookas that are being used by the cartels in Mexico...probably much to the surprise of the denizens of NY & LA...LOL.
What caught my interest in all this is when Hillary went off on a ridiculous tirade that 90% of the guns used in crimes in Mexico come from here (a lie) and then Mexico's President had the gall to stand in MY House of Representatives and berate my country.
What I discovered was that most of the "military grade" small arms (AK''s, M16's etc.) that were recovered after cartel crimes had one thing in common.
Most were not retail guns.
These can be an armory selling to a foreign country and then "someone" in that foreign country selling them to the cartels or direct sales and then theft from Mexican armories.
On Hillary's well publicized lie of 90% of drug cartel guns come from the US.
She was citing a report from Mexico's Attorney General who said they had recovered between 30,000 & 29,000 guns used in crimes in 07-08 respectively. Of those recovered, only one third were submitted by Mexico for a trace to source.
Of those, around six thousand total, according to ATF testimony under oath count, 90% were traced to the US, so it's 5,400.
We now know she either can't read or can't subtract which embarasses her present occupation I would say ;-)
But my theory is more sinister.
It is that she, or they, set about to prove that 90% of drug cartel guns come from the US...and this is what you get.
Dead people. Dead public servants.
A theory to be sure...and I wear my bias against these people on my sleeve for their past actions, deeds & words.
I can't believe Hillary is a lying hypocrite. I mean surely anyone who hung around her cheating husband for thirty years and then held herself out as a model strong woman would know how to be consistent. :/
It's like a never ending nightmare of stupidity Davey...on both sides.
Bush came in as a social conservative and left as a conservative socialist...LOL...and I fully expect Barry, who came in as a marxist with a God complex, to leave as a mere mortal crony capitalist, kinda like Buffet...it's the theater of the absurd really.
Senator Grassley is another one, with his ridiculous pushing of ethanol subsidies through an Agriculture Department who's budget has bloated up 112% over the last ten years...straight out of our pockets to theirs.
A pox on both their houses until they get their act together...but the lay of the land is changing, as at least a discussion is being had about shrinking government and cutting budgets.
Removing their power to confer privilege on the select few, at the expense of all, is a good start...that means paring it's size back and the money they take out of the real economy.
Now, if we could just have something even remotely resembling an enforcement arm of the SEC, a realistic energy policy of independence and a few other things we might just pull this whole freedom thingy off ;-)
it's like the cross dressing whore olympics
We give our Border Patrol agent's beanbag shotguns and the ATF gives drug cartel members AK-47s. What am I missing?
Its called United Nations, agenda 21. Its kind of a border but we are now under NAFTA , North American Free Trade Agreement. The new world order does not care about national identities and national borders, if it is not in their plan. If they did, the flow of mexicans would stop. As can be seen, nobody is doing anything about what is happening on the border because they don't care about it.
Whats the bigger issue, illegals coming over, or jobs that were sent to china? Lets face it, the illegals aren't doing jobs that could have been outsourced (which American were).
Unless of course, you can figure out a way to have the Chinese do our manual labor as well........
"Unless of course, you can figure out a way to have the Chinese do our manual labor as well"
How were our transcontinental railroads built?
Chinese coolies from the West and Irish immigrants from the East.
Funny, I was reading a story in the WSJ just this week that detailed how the unemployed were leaving Ireland in (relatively speaking) droves to find suitable employment elsewhere!
Diaspora Redux
From CBS.com:
Where is the Racism? I'm white telling my white friends, the FREE ride is done.
If you're white and saying the free ride is done than that means you are a rascist.
So I'm white? The supposed free ride, makes me racist? First of all learn to spell. Second of all,What is your interpretation of a free ride? I'm obviously speaking to a child, that is trying to gain wisdom. Wisdom is learned, not stollen, or taken. It equates, eventually into RESPECT. Waht is the bund relation to t-10s right now ? Clown!!!!!!!!!!!!
Yeah, learn to spell!! Start with "stollen" and progress to "waht".
When bitching about others spelling which is normally a poor excuse for an argument you may wish to use spell check... You may also wish to quit being a racist. The racism of low expectations is still racism..
It is amazing how Caucasians get all butt hurt about being called racists. As it turns out, Chris Rock put racism into perspective with his monologue on racism. To paraphrase it, "Who is more racist, white people or black people? Black people, because even black people hate black people" http://www.youtube.com/watch?v=AzFTLKWvfE0&feature=related
Chris Rock is a good comedian! He is, by no means a thespian. I don't hate anyone! Sometimes I intensely dislike though. Right now my dog is on my last nerve for shitting next to my pool, and kicking it in. Caddy Shack style!
Calm Yourself. Enough said!
Waht (what is a Bund, and a T10?) How do they correlate?
You know Bush, Paulson, Blankfein, Dimon, Clinton, Rubin, Greenspan, Bernanke, Moynihan, Thain, etc ad nauseam?
Looks like Boomer retirees is gettin replaced by robots and furreners in foreign lands. Showing up at a job is so 20th century.
Looks) Like you need to speak English, and start supporting your constituents. Looks like you need to do something Tangible! Help your HOOD with Education, and FOOD, !!! Not worthless CD's! ( OUT)
I show up for a job every day. I do it with class and Dignity. Not how deep I can build my watch turner. Get a real job, and quit selling things that kill people you scum.
Work so most of it can be handed to the bankers for bounuses and to people that don't work or came here illegally?
That would make one kind of a dumb mule, no?
Yes it would. You are correct. I own the business.
When do they get revised downward ?
Wow, pretty soon, no one will need to work.
And therein lies the absurdity of the measurement. At some future point (on a long enough timeline) the unemployment moves towards (drops to) zero, since technically it's not a cumulative number.
The system goes as such: through the door, stay a year, then expelled into the 'other' metric (no longer headline count), then eventually you're pooped out the back door and you're no longer part of anything.
The measure will continue to be meaningless until there's some type of cumulative measurement.
The timeline isn't that long. Hence the absurdity.
Dead seniors collect no paychecks.
Sorta like "inflation remains under control" or "new GM is much better"
Sorta like 'I didn't have sex with that woman'.
Sorta like ..."absent cheap energy, should be no problem feeding earths 7 billion mouths".
Oh, wait, that's from the future...sorry to jump ahead.
darn people, there's your problem......
I really like your input MynHair. Cats and people are a bit different. You have good input. What are your thoughts on the GAP (Sunday FX open) Lets say the 83.09 NFP spike into the 82.25-81.85 level? I'm on a 10 cent.
You may as well go bet on the horses at the track...
The engine of US economic growth is stalled after giant losses. Can't even keep up with population growth over 2 years into the business cycle.
That's dramatic and extremely ominous because of the debt, public and private.
It's also ominous for all those countries waiting for a US consumer boom. They're waiting and hoping but paying the price: that's why China's slowing, and other key countries as well. All those creditors not getting repaid
Relax. It's all good. The top 1% have plenty of assets we can liquidate after their corpses are tossed on the pyre.
Oh shit, I thought Steve was cured.
Population growth is 1%/yr. That's 280K/mo. Only 150-200K boomers retire per month.
The boomer argument for reduced workforce participation is bogus.
You neglect the number of rich fleeing daily.
When 250k is outlawed, only outlaws will make 250k...LOL.
To Illinois from up in the dairy air?
Family values have become more important in last 3 years and one spouse or the other is choosing to stay home and augment our stellar public education system to keep us one step ahead of the chinese.
hold on . i think that what he really means to say is that it could have been a whole lot worse. how? i don't know but thats what the script means.
The Bush tax cuts are still in place and have been for a decade. They do not work to create jobs in the US. ALL Congressional Republicans should be out looking for jobs, especially in Wisconsin. Take Faux, Rush, Sarah, Glennda Beck, show us exactly where the jobs are.
If they can't, they need to be called liars, to their face, voted out of office and kept out of office. We have to get to the point in this country that we confront Republicans, long, loud, and often, in front of their spouses and adult children, and call them LIARS.
Thinking people realize how much worse it would be without those reductions.
how can you come on ZH and spew george soros koolaid??
for funsies
+++++++++++++++++++++++++++++++++++++++++++
LMFAO!!!!!
Come now Hero,
let's be fair...the Democrats suck dick, the Republicans perform blow jobs...they may do this service for differing payments but really, come on, they are one piece of shit collapsed political system run by lobbyists, special interest, and money.
Pleazzzz, no more Dems did this, Repubs did that...no more discussion of the political system. Period. That time has passed. Egypt, Libya, etc. are showing us how to perform real systemic change and it ain't at some ballot box voting for two parties that are really only two sides of the same coin.
+1
+2 and fuck hambone's junker...
Thank you.
We're running a $1.6 trillion federal deficit this year and one party's response is to call for decreasing the budget $60 billion or 3 and change percent while the other party doesn't really propose to cut much of anything. So, you've got one party that's 97% full of shit and the other party that's 100% full of shit. I generally prefer the 97's but, with the exception of a few stray congressmen, the phrase "a distinction without a difference" pretty well sums up their relative merits in most ways.
Cutting isn't the answer.
Wiping out fraudulent debt with Glass-Steagall IS.
Which would wipe out 100 percent of the fraudulent debt. Debt Haircuts (since sold at inflated values) all around.
Which means it takes care of 100 percent of the problem.
The answer IS NOT.....PAYING OFF FRAUDULENT DEBT.
Thus cuts....in terms of numbers and not WHAT THEY ARE, is ludicrous.
I'm all for cutting big defense, big wars, big bailouts, big giveaways to corporations...i.e. Prescription drug plan (complete bullshit), etc.
Cut those, and apply Glass-Steagall, and you'd see BOTH PARTIES are not doing their job 100 percent. (and the upstarts who should remain nameless, but was started by a corporatists that rhymes with poke? 100 percent wrong as well.
We all know the fed is going to hyperinflate (barring revolution), why cut aid to the poor? (cutting all this to 0, WILL NOT change our fate)...so why BOTH sides are pushing for these 'tough choices', euphemism for 'fascist and uneeded bullshit sophistry', is idiotic, and selling your soul for not even a reason nor a benefit to that person, nor their ideology.
It's fascist to cut spending on needed things, to pay off fraudulent debt.
Oh yes, Gov. Walker, Chris Christie, Barack Obama, and the rest of the fascist idiots don't get this.
I know people are stupid, but at least when you sold your soul before, it actually EFFECTED SOMETHING. Throwing people on the scrap heap for this collapsing system? Forgettaboutit.
JMC,
I like it...reading Mishs daily rants on the unions is really old already. No qualms that the unions stole Billions, but were letting those who stole Trillions get off scott freeeeeeeeeeeeeee.
I'm all for tackling the unions, the unfunded debts in conjunction w/ taking back what has been stolen by the Pseudo Gov Street / Wall Street Financial Terrorists.
Going after the minnows while the killer whales swim without concern aint gonna get it done. Plus, all the food that would have gone to the minnows will instead be made available to the killer whales to ensure a continuation of their standard of living.
Exactly. Unions are good AND bad. It all depends on WHO runs them. If it's as a lackey for Soros, that's BAD. If it is asking for higher wages so that the union can collect more (like an agent asking more for the player so HIS cut is bigger) than that ALSO is bad. I'm sure there is many more as well.
But what they don't want to admit is most of the times, it's just a group of people, pooling their individual market weight to engage in an employment contract.
But given that the worker can get screwed otherwise, it's really a lesser of two evils, and if run well, those evils are very small indeed. But they do exist. Just a bit overexaggerated.
Then even if what I said was wrong above, what's the overall impact? Like you said, billions versus trillions. What the fight if we only have say 100 to fight, should we choose? This would be ~#656,890. (how people don't understand this naturally is beyond me)
1.4 quadrillion notional in complete fake shit = more than EVERY union worker in the WORLD has EVER made x INSERT LUDICROUS NUMBER HERE.
Of course, if the system is set up right, many of management's claims about being put at a disadvantage because of higher wages would be moot, if their competition couldn't as a result move their jobs overseas. To me it is ludicrous for American employees to have to face undercutting by overseas sweatshops, as it is only a matter of legislation that allows such practices. (so why do people say get rid of unions AND keep free trade? because they are either complicit in the scam or utterly stupid.)
When the big stuff is over, part of keeping the system right, involves looking at ALL aspects that are for lack of a better word, 'bunk' that are/can pop up. Keeping unions honest, while acknowledging their need when appropriate (because most unions come about because the workers had a legitimate gripe, only idiots forget this) is one of the $64,000 questions. But as one remembers, there was a show every weekday. It's a lot easier to set it up than keeping it. We seem to have trouble figuring out how to set it up, even though the ideas have been legislated before. I'm not talking about inventing a new warp drive spaceship, just remaking a classic car, like a '64 vette.
That rights the ship. If we do this, Obama looks like a fool, Barney Frank, Pelosi, Reid, Schummer, Soros, etc all look like fools for wanting to print to pay it off. The others, boehner, bachman, palin, newt, rush, whoever on that side +tea, look stupid because they wanted to cut to pay it off.
From there we can decide how the best way to achieve what we need to in order to not only survive, but thrive and prosper. I believe a perfect project that can create millions of jobs, plus in the end have something tangible (slated to be in short supply in a few decades) water via NAWAPA is a good idea.
What businessman wouldn't want to overnight (or 2 day) their goods via mag-lev to Germany for a pittance compared to air freight? (and less energy).
Plus since we need to be able to both turn energy into matter and matter into energy, i.e. fusion/fusion arc...we need to start that.
What we need to do has either already been done, or already proposed. We don't even really need to think it up. We just have to find the political will to get it done.
But if the body politic doesn't know what to look for...it won't demand the right people. Of course the tea partiers WANT to be patriots, but you can't be patriots, by foisting up just another bankster avenue. There is a huge MASS STRIKE in spirit going on right now, and the tea party not only doesn't control it, it has NO CLUE it is on the wrong side.
They're going to get burned. It won't be pretty. But when they ditch the tea party, and become real, based on real ideas, the banksters won't have a chance. As long as there is a tea party fucking up this dynamic by splitting it and feeding lies, there is no way a cohesive enough group will have
Everyone needs to hold their candidates to account. Fuck Obama. He needs to be impeached. I'm not playing a game, maybe the other side, still is? Otherwise I just don't see why (just like with bush) the other side continues to 'look the other way'.
I'm keeping my promise....that if my side every got someone like Bush in, I'd rail on them in reality just like I did on Bush. Well, tea partiers, Chris Christie, and Walker, Scott Brown...have all shown you their true colors, and who they REALLY serve. I just don't get why people still support them. FUCK 'EM. Be a patriot, and call them out. Otherwise these people are worthless. (but make sure you call them out on real things)
I'll keep working on this side of the aisle to wake them up. But it still seems like the other side is still just 'playing'.
"Well, tea partiers,..."
Fuuuccck!!!
Here we go again. We're doing the same damn thing!
Partiers have the same interests at heart PLUS shrinking the damn government back to normal size so it doesn't happen again to our children's children.
The third or fourth generation out...it will creep back in...it is what it is, it always does.
This is our time...right now...you shouldn't be denigrating what are your natural allies against statism...statism allows & promotes everything you are witnessing and abhor.
Follow whatever path you want just tell your side to clean up after themselves for a change.
+
There are many patches in this anti-statism quilt of ours which I abhor. (What they are, and what my own policy preferences and moral vanities are, does not matter.)
But the only chance that the anti-statists have is to unite.
Exactly.
I have a simpler solution:
America is run by a criminal bankster cartel (maybe not criminal in legal terms, but criminal in moral terms).
Since America is run by a criminal bankster cartel, we know how things are going to go, banksters looting everything they can ...legally too. We know what the ultimate outcome will be, America ends up in 3rd world status.
Americans badmouth China. But the Chinese government isn't allowing a criminal bankster cartel to loot the nation and people. Banksters attempting it are executed. Not put in prison. They're terminated.
One thing you're mistaken on re China. The government is corrupt and it de facto forces people to in turn be corrupt to survive. The only time you see news of corruption leading to executions or bone-breaking prisons is when they get caught. Watch the news carefully, almost every big guy nailed for something eventually gets the corruption book thrown at them. Because they all do it.
http://www.reuters.com/article/2010/08/03/us-china-urbanisation-protest-...
http://www.reuters.com/article/2010/11/04/us-china-land-protest-idUSTRE6...
http://www.chinapost.com.tw/china/national-news/2011/02/26/292594/China-...
Note the brevity of the last link. The real story you need to find a Chinese person to get the news out. This "minister" who was paid to act in The People's interests had related ownership in a fly ash operation used to coat high-quality steel rails for high-speed railways. They discovered he used low-quality fly ash, reducing expected rail lifetimes from 50-100 years down to 20 or less years, while raking in millions. He's a rag-to-riches story, if you care, and will now be a part of the prison b*tches in the years to come.
Everyone in China knows it.
The alternative has been identified:
http://pixel420.com/pixel420/stateless/
How to get there, that is the question.
Exactly!
Thanks JMC.
Oh I agree we need to reinstate Glass-Steagall but even if we had never left Glass-Steagall we'd still face this crisis in entitlement spending going parabolic. But we MUST cut the budget. $3.7 trillion budget. $2.1 trillion in tax revenues. To close that gap via higher taxes means doubling every single tax bracket. If you pay 15% now, you'll pay 30%. If you pay 28% now, you'll pay 56%. If you pay 35% now, you'll pay 70%.
And this won't even reduce the debt! It just allows us to tread water. This also assumes that interest rates will remain eternally low, another assinine assumption by innumerate (mathematically illiterate) socialists. Current interest payments on existing debt are under $200 billion annually as I recall but if interest rates rise to historic norms, the interest cost rises to almost $600 billion. Oops! There's another $400 billion you have to cut or tax more to cover!
Entitlement programs are passing the knee in the exponential curve. They must be reformed or we collapse. Period. End of sentence.
If you fail to understand this, you must be the victim of public education. I mourn your innumeracy but your ignorance doesn't change the reality. Government spending is going to come down, either voluntarily or involuntarily. If it's voluntary we have some chance to keep a functioning society of some sort around us. If it's involuntarily, you'll get to watch most major US cities burn.
Take your pick. We left the easy choices behind years ago. Now it's a choice between bad and worse, and those the only choices you're going to get.
P.S. Oh, and NO MORE BAILOUTS for Wall Street. Wall Street can burn in hell as far as I am concerned. But entitlement spending still has to be reformed, radically.
Exactly. Some conservative started singing praises about Gov Cristie (NJ) for beating up on teachers. I told him, yeah the only thing worse than these sell out Dems is the corporate whore Repubs. They are Looters, not Leaders -- All.
Why are Rep whores worse than Dem whores?
yes, was listening to some government economist talking today saying that houses haven't been this "affordable" in over 50 years.... never mind that it doesn't matter if no one can qualify. Then seeing the above employed workforce graph I see how the affordable houses correlates with the number working! Wow, now if we could just figure out how to put one car garages and one bathroom into those McMansions we could call the cirle complete!
I haven't voted since i voted for Perot .... he was right about the GIANT SUCKING SOUND of NAFTA and GATT.
on Fri, 03/04/2011 - 19:25
#1021000
Come now Hero,
let's be fair...the Democrats suck dick, the Republicans perform blow jobs...they may do this service for differing payments but really, come on, they are one piece of shit collapsed political system run by lobbyists, special interest, and money.
Pleazzzz, no more Dems did this, Repubs did that...no more discussion of the political system. Period. That time has passed. Egypt, Libya, etc. are showing us how to perform real systemic change and it ain't at some ballot box voting for two parties that are really only two sides of the same coin.
********************************************************************************
PREACH BROTHER "HAMBONE!!!!" PREACH!!!!!!
What are you trying to say? Take a breath HC.
Rah rah...sis-boomBAH!--Go Team GO!
Is it really any wonder that the most important thing at government youth indoctrination prison camps are sports programs?
You clicked on the wrong bookmark. The Huffington Post was the next one on your list.
Hey, leave Geddy Lee and the boys out of it!
I concur. Sides, a Bastille Day would help morale!
http://www.youtube.com/watch?v=GW72Gmqjse4
The most endangered species
The honest man will still survive annihilation...
And the men who hold high places must be the ones to start...
It's the growth of government spending that's the problem not "tax cut's".
Deficits and debt are a function of spending what is not there to spend, not of insufficient tax revenue.
Melt down much?
Truth, like a ray of light piercing the darkness.
Wait.....spending? that wasn't in the talking points I read......
lending, spending you mean there's a connection?
But excessive govt spending is a symptom of a deeper problem, a central bank creating money out of thin air funding all that excessive spending.
Exactly so.
The Fed was created by politicians. The end result is...unpaid for goodies doled out by the state that are used as bribes for votes, where the one being bribed is made poorer by accepting the bribe.
A complete circle of immorality...LOL.
People (right, left & in the middle) better understand the implications of "doing away" with the Fed...I do and I'm making ready for it...and it can't come soon enough for me.
Decepticrats: "We need to spend more on stimulus, we don't want to crush this fragile recovery..."
Republicons: "We're gonna cut spending! $60Billion oughta do it -- take that Decepticrats and deficits!"
Me: "Buckle up and make sure there's an airbag in front of you (a Decepticrat or Republicon will do in a pinch!)."
Barry Soeto wants to have sex with you.
Shouldn't you be in Wisconsin protesting, or something productive like that?
Repeat after me, Government sucks private money and wastes it. Private money in private hands seeks a return, these returns provide opportunity..
Think, long and hard, I can tell it will hurt, but you can do it..
Could this post be further from where it is supposed to be..
Repeat after me! Godzilla government! Waste is just giant turd that is left behind. Be carefull Samonella AKA (Obumenlla) might get ya! It's really itchy in the beginning, followed by huge lesions to the BONE. The death knell, is amputation of the head to protect the(spending) bill writing arm!
I can't believe there are still those who fall for the rep/dem left/right myth.
I own a staple GUN./ My BAD!
Tax cuts are an awesome idea, if the problem you have is that you're near 3% unemployment and want to get to 1%, but for helping out in the face of collapsed demand, they are Laffer-ble.
Since a couple of pictures can be worth a thousand words, here is what Obama (and his faulty metrics) is trying to do. (talk about mentally incapacitated)
edit: well it worked in the preview.
Is this supposed to be cows in a snowstorm?
You'll get it, eventually.
Nah it was three great pictures from 'Top Secret'
I can get the links to appear though, just not show them automatically. (except in the preview)
http://www.flickr.com/photos/59681483@N04/5498277816/in/photostream/
http://www.flickr.com/photos/59681483@N04/5498277820/in/photostream/
http://www.flickr.com/photos/59681483@N04/5498277822/in/photostream/
lol
I think I see Obama in a dream sequence...fade out...fade in...Big O is smiling as he runs through the Congress giving high fives up and down both sides of the aisles (still in basketball gear from game w/ Jordan, Lebron, and former All-American NCAA secret service guards). His plan to create or save 100 million jobs has been a rousing success and the economy is now a virtous circle of digital users - internet bloggers, TV watchers, iPhone and App creators, and iEverything everythingers. That's it!!! He's done it!!! An entire economy based on sitting on your ass all day looking at screens and rapidly twittering, e-mailing, and responding to blogs (ZH will be turned from the dark side and feature prominitely in the new digital economy as a gardening site for merry homemakers - all previous ZH skeptics will be purged).
Dream finishes w/ Big O completing his 4th term (current law is changed to allow our dear savior to continue his good works) giving his farewell speech under Bush's Mission Accomplished banner to frantic applause. He hands the reins back to our first woman co-president...Bush girls back in the House.
...and here's another chart...showing real unemployment rate as calculated by shadowstats:
http://www.planbeconomics.com/2011/03/04/chart-the-real-unemployment-rate/
Heroic....Pleeeeeeaaase......Enough with that socialist bullschmidt.
But Under BUSH blah blah blah blah blah, Obama at least blah blah blah blah blah, fuck all of you fairness hating conservatives blah blah blah blah blah
Too true, too true. And what's more the employed portion of the population would be a hair lower, about 58.3, if it were calculated with the more accurate estimate of total employment from the survey of businesses, instead of the much sloppier estimate from the survey of households.
But even if Obama is clueless, at least he's not a total blithering idiot who wouldn't recognize a clue if it bit him on the ass, like Bush was. Obama is making a big mess worse, but we shouldn't forget who made the big mess.
Barry Soeto wants to perform fellatio on you. Call him quick.
Well, at least Reagan can rest in peace finally - the lefty media machine has a new bogey man so powerful that he'll causing things to happen for the next 20 or 30 years.
Yawn.......
It is just so hard for me to believe there are STILL these people running around talking about democrats are better than republicans............... no republicans are better than democrats.............. It was the republicans fault....... NO, it was the democrat's fault.
If you are NOT a government troll, seriously, you should apply, I know they are hiring and you would be perfect as one of their partisan shills who still doesn't have a clue that they are all one big BOUGHT piece of crap.
It won't end - not even total systemic collapse will end that ingrained, if not inbred, mentality.
Hell, there are people here who actually think I shill for one side (the Red Team, precisely). If they only knew how laughable that is. If anything, I'm shilling for the "bring-on the inevitable collapse and start the necessary rebuilding" side. Wonder what the color of their shirt is?
If anything, I'm shilling for the "bring-on the inevitable collapse and start the necessary rebuilding" side. Wonder what the color of their shirt is?
That color would be white, of course.
Bring back the "Four Minute Men"
http://en.wikipedia.org/wiki/Four_Minute_Men
And we think we are so smart Ha.
What trolls do - distract from the issue at hand (no jobs) by tossing out emotional granades (racism)
Well, at least "something" was done ;-)
Nice head and shoulders pattern in chart 2...