Saturday, November 7, 2009
Friday, November 6, 2009
Let's Play Jeopardy
The answer is 10.2%. "Make sure, contestant, you answer in the form of a question".
"What is our current unemployment"?
"Sorry! The answer is incorrect. If you add in the number of people who have given up looking for a job the correct answer is, 17.5%.
"What is our current unemployment"?
"Sorry! The answer is incorrect. If you add in the number of people who have given up looking for a job the correct answer is, 17.5%.
H1N1
The Department of Health and Human Services promised the American people not to worry. They said there would be more than enough vaccine to go around and in time for all. Huh! This should be Obama's Katrina but, once again, the media is covering the lad's back.
Thursday, November 5, 2009
Stimulus Saves Nine For Every Five Jobs
From today's Washington Examiner:
I've always believed that President Obama will take credit for saving 2 million jobs as long as there are 2 million jobs left in the United States. But his jobs report apparently goes beyong this, the Associated Press reports, taking credit for saving jobs that really don't exist.
WASHINGTON — President Barack Obama's economic recovery program saved 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan. Trouble is, only 508 people work there.
The Georgia nonprofit's inflated job count is among persisting errors in the government's latest effort to measure the effect of the $787 billion stimulus plan despite White House promises last week that the new data would undergo an "extensive review" to root out errors discovered in an earlier report.
The over-estimates of jobs "created and saved" are actually far more extensive than that -- in one small segment of the Department of Health and Human Services, AP found that the count of "jobs saved" was inflated by more than 50 percent, or about 9,000.
But the biggest problem with Obama's numbers is conceptual. Let's say that government spends $100 million on orange traffic cones, causing their manufacturers to hire 500 new people. If that $100 million hadn't been borrowed from investors and banks that buy up treasuries, could it not have gone toward a new start-up business that develops drugs or the next i-Phone? Could it not have put several credit-worthy borrowers into new homes?
Obama's job numbers, even if they are scrubbed of their many obvious inaccuracies, can never account for these hidden costs of government deficit spending.
I've always believed that President Obama will take credit for saving 2 million jobs as long as there are 2 million jobs left in the United States. But his jobs report apparently goes beyong this, the Associated Press reports, taking credit for saving jobs that really don't exist.
WASHINGTON — President Barack Obama's economic recovery program saved 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan. Trouble is, only 508 people work there.
The Georgia nonprofit's inflated job count is among persisting errors in the government's latest effort to measure the effect of the $787 billion stimulus plan despite White House promises last week that the new data would undergo an "extensive review" to root out errors discovered in an earlier report.
The over-estimates of jobs "created and saved" are actually far more extensive than that -- in one small segment of the Department of Health and Human Services, AP found that the count of "jobs saved" was inflated by more than 50 percent, or about 9,000.
But the biggest problem with Obama's numbers is conceptual. Let's say that government spends $100 million on orange traffic cones, causing their manufacturers to hire 500 new people. If that $100 million hadn't been borrowed from investors and banks that buy up treasuries, could it not have gone toward a new start-up business that develops drugs or the next i-Phone? Could it not have put several credit-worthy borrowers into new homes?
Obama's job numbers, even if they are scrubbed of their many obvious inaccuracies, can never account for these hidden costs of government deficit spending.
Taking The Plane
This morning I read in the Duluth Minnesota newspaper a story that begs to be investigated. An airline ticket from Minneapolis/St. Paul International airport to Bismarck, North Dakota costs $722.00, round trip. Purchasing a ticket from Minneapolis to Paris, France and back goes for $754.00.
For Ohioans and all folks east to the Atlantic Ocean, Bismarck is a six hour drive by car from the Twin Cities. Hardly seems fair!
PSA: The high temperature for Duluth today is 29F. Don't you feel better already.
For Ohioans and all folks east to the Atlantic Ocean, Bismarck is a six hour drive by car from the Twin Cities. Hardly seems fair!
PSA: The high temperature for Duluth today is 29F. Don't you feel better already.
Wednesday, November 4, 2009
Hockey Fighting
There's something about Major League hockey I don't get. Two players get in a scuffle which turns into a knockdown dragout. Fists are flying and carom off hard shell helmets. This is a recipe for broken bones and the loss of a player for six maybe seven weeks. The TV announcers are ecstatic telling us this just might be what the team needs to "get going". The crowd goes insane with cheering and joy. It's reminiscent of something that came out of the Roman Coliseum.
If I happened to be an owner paying some guy on skates a million dollars a year and he breaks a bone I'd throttle him.
I also notice that the team stars never get in fights and the opponents don't go after them, either. This must make the 'designated' fighters feel like losers or, at the very least, somewhat expendable.
If I happened to be an owner paying some guy on skates a million dollars a year and he breaks a bone I'd throttle him.
I also notice that the team stars never get in fights and the opponents don't go after them, either. This must make the 'designated' fighters feel like losers or, at the very least, somewhat expendable.
Obama Enters Communist Territory
President Obama is in Madison, Wisconsin today touting an education bill. That's like Stalin going to Leningrad to announce a new Five Year farm program.
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