I see Yahoo puts the linked article that seasonal layoffs are the reason unemployment increased. Fair enough, but this same group touted the drop in unemployment and failed to mention seasonal hiring.
I have long believed in the three kinds of lies... There are lies, damn lie and then there are statistics. Every time I see a statistic, I just roll my eyes. Sadly, it may be correct but studies and statistics tend to prove whatever you wish. If you take data and torture it enough... it will confess to whatever you wish.
Regardless, real unemployment is considerably up. The only sector that appears to be hiring is the government sector. Government sector jobs are merely drains on the economy and since you took a human resource out of the workforce, you have reduce productivity by that person's production possibility. Instead, the private sector has to feed another looter that does not produce anything of value.
Oh well, the only reason metro areas lost jobs was seasonal employment... Lest we forget, those were never meant to be real employment numbers. At least those who were laid off can get in line to get as much as three years unemployment pay for not working.
Unemployment Rises in Nearly Every Metro Area
Sunday, March 20, 2011
Quote of the Day
"The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception." - Friedrich Hayek
Saturday, March 19, 2011
We bombed Libya today....
What else is there to say? Our fearless leader takes a vacation to Rio; I guess with picking NCAA brackets on ESPN and playing a round of golf, he felt like the country was way too stable so he opted to get the USA involved in another conflict.
As I write this, Japan has reactors in meltdown; we are at war in Afghanistan and have a huge presence in Iraq; the USA is over 14 trillion dollars in debt and growing exponentially; the rest of the middle east is either in civil war or it is nearing a boiling point; food prices are rising at unprecedented levels; his appointed fed governor says that the real measure of inflation is iPad pricing; his budget accounting office admits to understating costs and actually says that interest payments should be excluded from the budget. This is all in one week.
What else is there to do??? Hell, lets get into another war. After all, I have already received a Nobel Peace Prize and they can't take it away now.
I really want to know how much time he spends on vacation because from all appearances it is a lot. When he ran for office did he really think he could just give a speech make everything fine and take lots of vacation to wherever he wished when he wanted?
I am going to start calling him Emperor Nero... he puts the place on fire, blames others and fiddles while it burns. He could also be called King Louis.... he is too busy doing so many things for his own pleasure to realize there is a business of running the country.
As I write this, Japan has reactors in meltdown; we are at war in Afghanistan and have a huge presence in Iraq; the USA is over 14 trillion dollars in debt and growing exponentially; the rest of the middle east is either in civil war or it is nearing a boiling point; food prices are rising at unprecedented levels; his appointed fed governor says that the real measure of inflation is iPad pricing; his budget accounting office admits to understating costs and actually says that interest payments should be excluded from the budget. This is all in one week.
What else is there to do??? Hell, lets get into another war. After all, I have already received a Nobel Peace Prize and they can't take it away now.
I really want to know how much time he spends on vacation because from all appearances it is a lot. When he ran for office did he really think he could just give a speech make everything fine and take lots of vacation to wherever he wished when he wanted?
I am going to start calling him Emperor Nero... he puts the place on fire, blames others and fiddles while it burns. He could also be called King Louis.... he is too busy doing so many things for his own pleasure to realize there is a business of running the country.
Thursday, March 17, 2011
Fed Governor is CLUELESS!!!
As I read an article about New York Federal Reserve Bank President addressing inflation, my thoughts about the total lack of any sanity in the Federal Reserve were given evidence.
In the article NY Post article, NY Fed's Chief's anti inflation gospel falls on deaf ears, the Fed executive shows his total lack of noticing the obvious.
http://www.nypost.com/p/news/business/ny_fed_chief_anti_inflation_gospel_TrhzidxKWJ4hwB8zFzTdnO
How can a man with such influence actually say inflation is in check by comparing the price of an iPad and grocery and energy? Personally, I know several people with iPads and some use them often. On the other hand, every person I know eats groceries and uses energy EVERY DAY. I invite anyone to support his views. I would live to hear how inflation is minimal while all commodities are skyrocketing.
In the article NY Post article, NY Fed's Chief's anti inflation gospel falls on deaf ears, the Fed executive shows his total lack of noticing the obvious.
http://www.nypost.com/p/news/business/ny_fed_chief_anti_inflation_gospel_TrhzidxKWJ4hwB8zFzTdnO
How can a man with such influence actually say inflation is in check by comparing the price of an iPad and grocery and energy? Personally, I know several people with iPads and some use them often. On the other hand, every person I know eats groceries and uses energy EVERY DAY. I invite anyone to support his views. I would live to hear how inflation is minimal while all commodities are skyrocketing.
Is there an end to the lunacy????
As I listened to Anthony Weiner (D-NY) last night, he kept saying we steal from non-tax payers and give money to millionaires and billionaires. According to the Weiner, I guess society is stealing food stamp cards from the 40 something million people being supported by food stamps and then turning around and giving them to millionaires and billionaires. If we are truly giving food stamps to millionaires and billionaires, I will agree with the Weiner and that should stop. Yet, the statement is so preposterous, I assume he is merely lying. If he is not lying, then he is simply stupid. Regardless, stupid or liar should not be in a position to spend our money.
Democrats and Republicans cannot come to a consensus as to the magnitude of budget cuts. Doing my best to put on a positive spin.... at least both agree that cuts are needed.
On the other hand, the mean evil Republicans want to slash approximately 60 Billion from the budget while the altruistic Democrats will concede 6 Billion. While both ignore the elephant in the room... we are going to run a deficit in excess of $1.5 Trillion dollars... That is $1,500,000,000,000. In 2011 alone, with a best estimate of 1.5 Trillion, every man, woman and child will increase their debt load by approximately $5,000. This does not include the money that is actually collected. The budget is out of control.
This is sheer idiotic raving of lunatics. I am wondering when Chairman Obama will appoint Charlie Sheen to a Czar position. While Charlie Sheen is a moron and a lunatic, he actually manages to make a profit. On the other hand, these Ivy league educated elite may be as intelligent as they tell us they are... they cannot balance a checkbook.
I am sure that some Weiner type will ask me to tell them what they should cut. While I have put very few minutes into thinking about it.. I will start with 50% across the board. Next, I will start cutting anything that is not absolutely necessary. The military will come back home. The entitlement programs will be renamed the apropos name... HANDOUT.
We will still hav ea court system; we will still have a National Defense but we will not have a National Offense. We will cease to be getting involved in foreign affairs.
I understand Japan has some trying times right now. Yet, we cannot afford to give them assistance. Would we be able to give them assistance had we not already bankrupted ourselves?!? Perhaps, but unfortunately, we are BANKRUPT. While I have serious sadness for Japan, we are destitute.
One start is lets have Hollywood put on one of their telethons. After all, they had one for Haiti and one for Katrina. Why has nothing been planned? Maybe Kanye West and Hollyweird just hates Japanese people.
Democrats and Republicans cannot come to a consensus as to the magnitude of budget cuts. Doing my best to put on a positive spin.... at least both agree that cuts are needed.
On the other hand, the mean evil Republicans want to slash approximately 60 Billion from the budget while the altruistic Democrats will concede 6 Billion. While both ignore the elephant in the room... we are going to run a deficit in excess of $1.5 Trillion dollars... That is $1,500,000,000,000. In 2011 alone, with a best estimate of 1.5 Trillion, every man, woman and child will increase their debt load by approximately $5,000. This does not include the money that is actually collected. The budget is out of control.
This is sheer idiotic raving of lunatics. I am wondering when Chairman Obama will appoint Charlie Sheen to a Czar position. While Charlie Sheen is a moron and a lunatic, he actually manages to make a profit. On the other hand, these Ivy league educated elite may be as intelligent as they tell us they are... they cannot balance a checkbook.
I am sure that some Weiner type will ask me to tell them what they should cut. While I have put very few minutes into thinking about it.. I will start with 50% across the board. Next, I will start cutting anything that is not absolutely necessary. The military will come back home. The entitlement programs will be renamed the apropos name... HANDOUT.
We will still hav ea court system; we will still have a National Defense but we will not have a National Offense. We will cease to be getting involved in foreign affairs.
I understand Japan has some trying times right now. Yet, we cannot afford to give them assistance. Would we be able to give them assistance had we not already bankrupted ourselves?!? Perhaps, but unfortunately, we are BANKRUPT. While I have serious sadness for Japan, we are destitute.
One start is lets have Hollywood put on one of their telethons. After all, they had one for Haiti and one for Katrina. Why has nothing been planned? Maybe Kanye West and Hollyweird just hates Japanese people.
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