RSS

Tag Archives: Economy

Employment v Unemployment – December 2012

The Unemployment Rate is out again today with no change at 7.8% (apparently November 2012 was revised up to 7.8%), but there was an actual uptick in the labor force (155,319,000 up to 155,511,000).  The Labor Force Participation Rate remained unchanged at an anemic 63.6% (down from 65.7% at the start of Obama’s 1st term).

We can be heartened at the fact that another major exit from the work force did not occur.

Employment v Unemployment 20121231 - 01

.

The graph continues to look ugly:

Advertisements
 
Leave a comment

Posted by on January 4, 2013 in Economy, Unemployment

 

Tags: , , ,

Employment v Unemployment – Nov 2012

With another 350,000 leaving the work force, the useless figure called the unemployment rate ticked down again in November 2012 to 7.7%.  Previous months, however, were also revised downward, and we can expect the same for the current month.  Problems?

For instance, labor force participation fell sharply. Indeed, the sole reason for a decline in the unemployment rate was a drop of 350,000 in the number of people in the labor force.

So, why even pay attention to the Unemployment Rate.  There is only one graph that really matters and shows a much more true picture of the Employment situation in the U.S. — The Labor Force Participation Rate:

Compliments of the Obama Stimulus, Auto Bailout, Recovery Summer, TARP, Cash For Clunkers, EPA, High Gas Prices and every other constraint the Obama Administration has put on our economy, the Labor Force Participation rate has fallen off the cliff and continues to decline:

Employment v Unemployment 20121130 - 01

Obama’s Labor Force Participation Rate is the lowest since Jimmy Carter’s 63% rates — another complete failure as a jobs president.

Yes, I would gladly go back to the Clinton Era 67% Employment Rates, 18% of GDP Spending Rates, and his reduction to 15% in the Capital Gains Tax Rate… …and if we didn’t increase to Clinton’s 39% Income Tax Rate, his figures would be even better!

 
1 Comment

Posted by on December 8, 2012 in Taxes, Unemployment

 

Tags: , , , , ,

315K Give Up Job Search

That’s the real headline from today’s unemployment report, but Mainstream Media is glorifying the news that the 315K that have given up looking for work causes the unemployment rate to go from 8.9% to 8.6%.

On the good news side, there were a net 120K jobs created in November, but it’s Christmastime.  Additionally, August and September job numbers were revised upwards.

But this news fizzles when the monthly job creation needed to keep up with population growth are 125K per month.

h/t worch.com

Let’s take a look at employment numbers comparing Bush’s two terms, 9/11, the advent of the Democrat Congress, and Obama’s first term.

A liberal would explain that the high employment rate of Bush years was a result of the policies of Bill Clinton, and the low employment rate of the Obama years is a result of the Bush policies.

I have always posed that the economy tanked largely when it became apparent that the Democrats had taken over Congress and were going to get the Presidency as well.  Business planners knew the high tax, high spending, regulation fiasco was on the horizon.

When it becomes apparent that Republicans Conservatives will re-take the Senate and the Presidency, watch for the economy to start soaring again.

 
1 Comment

Posted by on December 2, 2011 in Economy, Unemployment, White House

 

Tags: , , ,

Obama: About That $4 Billion Oil Subsidy

h/t eggnob.comWhen Barack Obama took the reigns of the Presidency in January 2009, the average price per gallon of gas in the U.S. was $1.847.  On January 4, 2010, the price was $2.665.  A week ago (4/18), the price had increased to $3.844.

On Saturday, Obama claimed there was no “magic bullet” to bring down oil prices and that we should end the $4 Billion in taxpayer subsidies to Oil Companies.

About that…

Americans consume 378,000,000 gallons of gas per day (2009).  Assuming a fairly linear increase in the price of gas, Americans pay an increased price at the pump for each gallon each and every day.  If we go only back to the beginning of 2010, we only need 4 short months to spend the $4 Billion amount decried by Obama in increased prices at the pump.  That’s $4 Billion that could be in our pockets… …or invested in drilling in the U.S. (instead of Brazil).

The stunning total increase in price that Americans have paid at the pump since the beginning of 2010 is $107,876,810,687 — yes that’s BILLION.

Thank goodness Obama has found the solution by zapping that $4 Billion in subsidies.  That’ll fix it!  …except that parts Oil Subsidies are used to create new drilling.  If you ask an American if they’d spend $4.00 to save $103.00, they’d probably say, “YES YOU IDIOT!”

In the past 9 days, Americans paid more for the increase in gas prices since 1/4/2010 than they did for the the evil Oil Subsidies.

 
3 Comments

Posted by on April 25, 2011 in Economy, Obama, White House

 

Tags: , , , ,

The Economy Is So Bad…

Received Via E-mail…
.
The Economy is so bad…

  • Jury Duty is now considered a good-paying job.
  • I got a pre-declined credit card in the mail.
  • African television stations are now showing ‘Sponsor an American Child’ commercials!
  • Wives are having sex with their husbands because they can’t afford batteries.
  • I ordered a burger at McDonald’s and the kid behind the counter asked, “Can you afford fries with that?”
  • CEO’s are now playing miniature golf.
  • Exxon-Mobil laid off 25 Congressmen.
  • My ATM gave me an IOU!
  • A stripper was killed when her audience showered her with rolls of pennies while she danced.
  • I saw a Mormon polygamist with only one wife.
  • I bought a toaster oven and my free gift with the purchase was a bank.
  • If the bank returns your check marked “Insufficient Funds,” you have to call them and ask if they meant you or them.
  • McDonald’s is now selling the 1/4 ouncer.
  • Angelina Jolie adopted a child from America .
  • Parents in Beverly Hills fired their nannies and learned the names of their children.
  • My cousin had an exorcism but couldn’t afford to pay for it, and they re-possessed her!
  • A truckload of Americans was caught sneaking into Mexico .
  • Motel Six won’t leave the light on for you anymore.
  • A picture is now only worth 200 words.
  • They renamed Wall Street ” Wal-Mart  Street .”
  • When Bill and Hillary travel together, they now have to share a room.
  • One of the casinos in Las Vegas is now managed by Somali pirates.
And, finally…I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call center in Pakistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.
 
Leave a comment

Posted by on October 18, 2010 in Economy

 

Tags: ,

Made In America

I’m not a birther, but this is a funny (and mostly true) joke:

John Smith started the day early having set his alarm clock (MADE IN JAPAN ) for 6am while his coffeepot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG).  He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA).  After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today.

After setting his watch (MADE IN TAIWAN ) to the radio (MADE IN INDIA ) he got in his car (MADE IN GERMANY ) filled it with GAS (from SAUDI ARABIA) and continued his search for a good paying AMERICAN JOB.

At the end of yet another discouraging and fruitless day checking his Computer (MADE IN MALAYSIA ), John decided to relax for a while.  He put on his sandals (MADE IN BRAZIL), poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA)…

…and then wondered why he can’t find a good paying job in AMERICA.

.

AND NOW HE’S HOPING HE CAN GET HELP FROM A PRESIDENT

(MADE IN KENYA)

(h/t http://www.robynpromo.com)

The moral to the story—-It is hard to have a robust economy centered on providing Services rather than the Manufacturing of Goods!!!

 
Leave a comment

Posted by on September 14, 2010 in Capitalism, Free Market, Freedom

 

Tags: , ,

A Single Solitary New Idea

ATLANTA — President Barack Obama says Republican leaders haven’t come up with “a single, solitary new idea” to help the American people recover from the economic recession.

Speaking at a Democratic fundraiser, Obama said Republicans are simply hoping the public will forget that their policies are the same ones that led the country into the recession. Obama says voters have a choice in the November midterm elections between what he calls the failed policies of the past, or his administration’s agenda, which Obama says has pulled the country back from the brink of a depression.

Well, Mr. Obama, it is my humble opinion that YOU are the one that doesn’t have a single, solitary new idea to help America.  To date, your ideas have been an unmitigated disaster.  And, unless you start listening to the People and the Conservative Republicans, YOUR ideas will destroy this country.

Let’s just have a little look at your batting average:

  • 2008 Financial Crisis
    • You agreed with and voted for the bailout which cannot be determined to have helped the nation.  American citizens are still on the hook for $200 Billion in unpaid loans to AIG and the big banks.  Big bankers got big bonuses while the American people got laid off.
    • Conservative Republicans idea was to let them fail.  All the investors lost their money anyway, so that companies don’t expect the American people to continue to bail out the bad actors, let them fail.
  • Recession
    • You chose the Keynesian method of spend, spend, spend to solve the recession and have saddled our children with another $862+ Billion in debt PLUS the massive spending deficits you and your Congress have enacted.  The recession has been prolonged and unemployment shot to 10.2%.  Your policies create uncertainty which causes businesses to hoard money instead of investing.
    • Conservative Republicans pushed massive spending cuts, tax cuts, government limitations, and regulation reform that would spur economic growth and give incentive for investment.
  • Automotive Sector Bailout
    • You gave $60Billion to the Automotive companies and lied about they payback.  Chrysler and GM went bankrupt anyway and you sold Chrysler to a foreign company and took over GM.  You illegally demoted the creditors/bondholders in favor of giving the companies to your Union buddies.
    • Let them go bankrupt and reorganize as stronger companies with less union control.
  • Health Care Crisis
    • You and your Cabal created a $2 Trillion UNCONSTITUTIONAL program that gives more control to the government, requires 16,500 new IRS agents to ‘enforce’ it, reduces the parts of Medicare that were working for seniors, and lied about whether or not it would be deficit neutral.  You made a recess appointment of a new Medicaid/Medicare Secretary that is in love with the failing British Healthcare System and believes in rationing.  Your program makes every American a criminal just for being alive.  After chiding the Insurance Industry for months, all their stock prices went up when you passed this legislation to punish them.
    • Conservative Republicans wanted to free the Health Insurance system from the employers and put the responsibility and portability with American Citizens.  Would allow the people to purchase Health Insurance from any state in the nation shopping for the best quality/price ratio.  Some Federal and State mandates would be removed (viagra, breast implants, etc) that would allow the price of insurance to fall.  Consumers pay directly for more services (blood tests / pab smears) increasing pressure to lower prices.
  • Energy Crisis
    • Cap and Trade scheme to tax Americans, drive up prices, slow economic growth, and reduce the amount of available energy.  Lower use and slower economy will reduce Carbon output of America while ignoring the vastly greater output of China AND the fact that one volcanic eruption in Iceland wiped out the last 30 years of energy and environmental savings.
    • Drill Baby Drill attitude to increase the supply of oil and reduce the cost of oil thus defunding our enemies abroad.  Additionally, fire up the nuclear plants and drill into the ocean of natural gas below our lands, and yes, continue to add solar and wind.  And, continue to work toward fusion and the split of the H2O molecule.  All-of-the-above attitude to give American’s more freedom to choose the lowest cost path.
  • General
    • Your scheme to increase the size of government, the nanny state, increased taxes, regulation and control stifles freedom and reduces innovation and desire to succeed
    • Conservative Republicans believe in reducing the size of government, simplifying regulations, reducing control, lowering taxes, and enabling freedom and innovation will move the country’s economy in the right direction

In this short list you are 0 for 6!

The bottom line, Mr. President, is that all your ideas are the same old failed tax, spend, and control ideas that caused this country to write up a little document called the Declaration of Independence.  And today, the Conservative movement has declared freedom from your Wilsonian, Alinsky, and Marxist ideas.  And, if you haven’t noticed that fact, take a quick look at your 41% approval rating which is just about to dive onto the 30-39% range.

You are a failure Mr. President and so is the Socialism / Marxism / Communist ideology you espouse.  You have not come up with ONE new idea that hasn’t already been tried and proven to fail.  All of your ideas are the tired Democrat principles of the past.

Give it up; we know better

We look forward to the re-emergence of American Freedom and Greatness!

 
1 Comment

Posted by on August 4, 2010 in Democrat, Obama, Republican, Socialism

 

Tags: , ,