All Posts Tagged With: "Obama"

Fake jobs numbers…. again

Bureau of Labor Statistics, Reports, Numbers, Charts, GraphsThe White House this morning, is serving up fake jobs numbers… again. And they read like a fairy tale. 7.8% unemployment. But notice… the U6.. the real unemployment number… isn’t listed in the reports we all see… It stood at 14.6% as of last month. That’s a fact that has not moved substantially, for months. Here’s the breakdown from the BLS.GOV website.

Measure Not seasonally adjusted Seasonally adjusted
Sep ’11 Aug ’12 Sep ’12 Sep ’11 May ’12 Jun ’12 Jul ’12 Aug ’12 Sep ’12
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 5.2 4.3 4.2 5.3 4.6 4.6 4.5 4.4 4.3
U-2 Job losers and persons who completed temporary jobs, as a percent of the

Gaffe on Gaffe?

bad idea, mistake, gaffeEzra Klein of the Washington Post recognized very quickly that Barack Obama’s comment “If you’ve got a business, you didn’t build that. Somebody else made that happen.” was a real problem. In an article in the Post called “Mitt Romney’s Misleading Attack Ad,” Klein indicates “So, in Romney’s ad, ‘that’ refers to building a business. In Obama’s remarks, ‘that’ refers to the roads and bridges.” I really wonder how long it took for Mr. Klein to come up with that one? Highly imaginative.

The greater text from Obama’s speech, which Klein quotes, is as follows: “If you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be ‘cause …


Just Blame Donald Trump

The American people are at tremendous odds with one another. The timeless question as to whether we as individual citizens should continue to surrender our personal liberties and become increasingly mindless drones of a government colossus has a tendency to bring out some rather intense emotion. The ever-present spectacle of civil rawness is  now reaching frightening proportions.

It was recently posited by a liberal pundit that the underlying reason for the high levels of current civil discord was nothing other than Donald Trump. Apparently, things were just fine until The Donald got involved and once again started asking for evidence of the President’s birthplace. His root-cause analysis had been completed, and our pundit’s findings indicated that Donald Trump was the precise source of the problem. …


FUD 101

It is now official. The semester is over, and the grades have been posted. Not only has the Obama Administration flunked ECON 101; they have now also summarily flunked FUD 101.

The Wall Street Journal, in an editorial entitled ‘Bumps in the Road,” quoted the chief White House economist Austin Goolsbee as saying “there are always bumps on the road to recovery, but the overall trajectory of the economy has improved dramatically over the last two years.” The WSJ goes on to conclude that “The real ‘bumps on the road’ to recovery are these policies and the larger climate of hostility towards job creators that still prevails in Washington.” They compare the massively positive trajectory of the post-recession Reagan administration recovery with the current economic …


The President’s Employment Problem

bored-tv-watchingPresident Obama has a huge problem:  jobs.  As in, lack of them.  As in, not creating any.  He promised them on the campaign trail, and he promised them as part of the $1.2 trillion stimulus package he signed a year ago.

After one year in office, with a huge majority in Congress, he has accomplished remarkably little, which is a relief to a Conservative.  He has spent an inordinate amout of time, resources and energy wrangling over socialized medicine and cap and trade, and the unemployment remains stubbornly high.

Tomorrow, employment data will be released for January.  Weekly initial jobless claims for unemployment insurance has been running about 470,000, and this week the number hit 480,000.  The employment sector will not grow until initial jobless …


Stimulus Report Card

Performance ReportNine months ago, Congress passed and President Obama signed an economic stimulus package totalling $1.8 trillion.  Hastily designed and implemented, the legislation was highly criticized because it was virtually impossible for anyone to have actually read the bill (much less understand it) prior to implementation.  The President himself told us that it was imperative we pass these bills in order to restore economic stability.  Conservatives, especially fiscal conservatives, howled, claiming the bill was inappropriately designed, that the money being spent could not possibly generate economic growth because it would take too long to move through the system, with the added concern of driving up an already astronomical deficit.  The Administration insisted that the spending was necessary to keep unemployment from exceeding 10%.  We were being …


President Obama, Day #…..

july2009Ah, who cares?

As disappointed as I was about the outcome of the last general election, I thought I’d take a few months off from writing and spend it observing this new global (dare I say, Intergalactic?) phenomenon that is our new President.  Today is July 6, and I fear that he is almost exactly what I thought he would be last summer, that is to say, pathetic.

Having said this, I have to confess that the reason I took some time from writing was that I wanted to be objective in my assessment of this man (as opposed to self-styled Deity).  So many conservatives have been lambasted precisely because they wouldn’t give President Obama a chance.  Not that he needed one, but we DO …


Big Brother is Watching..New Bill to Give Obama Control over Internet

Just when you thought it wouldn’t get worse, it does.  A pair of bills (Sen 773 & 778) have been introduced by Sen. Jay Rockefeller (W-WV) that would be a part what’s being called the “Cybersecurity Act of 2009”.  These bills would grant the White House sweeping new powers to access private data online, regulate the cybersecurity industry, and shut down portions of internet traffic if it deems there is an “emergency”.  A new office called the Office of the National Cybersecurity Advisor would be created and would report directly to the President.  Hmmm….wonder how I apply for that position.  Do I have to pay taxes to be considered?

For your enjoyment, here is a working draft of the bill: 

http://cdt.org/security/CYBERSEC4.pdf

This new Act raises …


Obamanomics

Somehow, I managed to stay awake for last night’s Presidential press conference.  Say what you will about President Obama’s communication skills–and they are considerable–he is no macro economist.

Which is a shame, because he has access to two of the brightest macro-economists of our generation:  Ben Bernanke and Larry Summers.  He should listen to them; learn from them.  They have much to teach him.  My reaction to watching the President last night is that he is clueless as to how the economy really works, and his recent historical perspective is revisionist.

First, kudos to the media.  As opposed to the first press conference, they asked him some hard, direct questions.  Unfortunately, President Obama is incapable of answering these questions in a transparent, straightforward manner, but …


Observations on a New Year

Here we are!  2009!  What can we say?

2008 is gone and I think we’re all grateful for that.  Republicans had their hats handed to them, although Conservatives fared pretty well.  And there’s the difference.  Moderate Republicanism is indistinguishable from the Democrats.  If Republicans want to regain their stature in Washington and the state houses across America, they need to do it at the grass roots level and they need to return to Conservative values.  Barack Obama is the President-elect not because of his microscopic resume, or because of the political cesspool he climbed out of, or the message of change and hope, because he represents neither.  He won the national election because the Republican candidate was a moderate with a poorly-crafted message, and so …