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  1. #1
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    More gobbledegook double talk

    What's in the news this morning? Well,we have this two sided headline;
    Economy loses 85K jobs, unemployment rate steady
    HUH! Well, I'm sure this headline that contradicts itself will be explained in the story itself. How about this for an explanation?
    The economy lost more jobs than expected in December while the unemployment rate held steady at 10 percent, as a sluggish economic recovery has yet to revive hiring among the nation's employers.
    It says the same baffling thing!

    OK, here it is, the real scoop;
    A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at the same rate as in November. Once people stop looking for jobs, they are no longer counted among the unemployed.
    Ahhh, I feel much better now. If the government is no longer helping those who have no work, they are no longer considered unemployed by the government.

    So, with this way of thinking, to make our leftist leaders appear to be not quite as bad as they really are, all we have to do is deny unemployment benefits to more Americans without jobs and the unemployment rate magically decreases. WE ARE REALLY SCREWED! We cannot believe on thing our government tells us because those b@st@rds we put into office are manipulating every bit of non-information that we are being told.

    So; if we include Americans without jobs who are not able to draw unemployment, just how many Americans are really jobless? Just how high is the actual unemployment rate? 15%? 20%? I have a feeling it is even higher and that our government is using so called stimulus money to get family worker camps prepared for a Socialist take over of this country.

    I suppose we shouldn't expect much more when our head leader looks like this;
    Attached Images Attached Images   
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  2. #2
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    Unemployment running out so some are falling off the rolls. Liars figure to make figures lie.
    No reserve. No retreat. No regrets.

    For those who have fought for it, freedom has a sweetness the protected will never know.

    http://www.airwarvietnam.com/16thSOSGunners2.jpg

    Proud member of KA Club

  3. #3
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    Quote Originally Posted by bootlen View Post
    Unemployment running out so some are falling off the rolls. Liars figure to make figures lie.
    Kinda alters that old saying about there being liars, better liars damned good liars, statisticians and then the leftist politicians running the U.S.......into the ground.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  4. #4
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    Quote Originally Posted by RoBoTeq View Post
    Kinda alters that old saying about there being liars, better liars damned good liars, statisticians and then the leftist politicians running the U.S.......into the ground.

    Yeah but just think about it. Obama has a whole band load of worshipers who follow everything he says as the truth including nearly all of our foreign friends you know like printer, the down under chap, Mike the banned, etc.
    "I could have ended the war in a month. I could have made North Vietnam look like a mud puddle."
    "I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them. It is not to inaugurate new programs, but to cancel old ones that do violence to the Constitution."
    Barry Goldwater

  5. #5
    Job growth under Bush was worst since WWII

    The nation’s job base grew at an annual rate of 0.28 percent during Bush’s eight years as president – by far the slowest pace for any of the 11 presidents in the postwar era


    The previous low had been set by Bush’s father, George H.W. Bush, with an annual job-growth rate of 0.59 percent.


    Total employment
    1. Lyndon Johnson (1963-69), 3.74%
    2. Jimmy Carter (1977-81), 3.11%
    3. Bill Clinton (1993-2001), 2.42%
    4. Harry Truman (1945-53), 2.38%
    5. Richard Nixon (1969-74), 2.30%
    6. John Kennedy (1961-63), 2.28%
    7. Ronald Reagan (1981-89), 2.04%
    8. Gerald Ford (1974-77), 0.95%
    9. Dwight Eisenhower (1953-61), 0.87%
    10. George H.W. Bush (1989-93), 0.59%
    11. George W. Bush (2001-09), 0.28%

    http://jacksonville.bizjournals.com/...19/daily7.html

    It ain't looking good for your home team there boys.

    I mean really now you on the right should stick to family values and scare tatics for votes because if you are trying to get brownie points on how to fix the economy you will have to wait about twenty years until people start to forget what happened last time the right took America down the republican road to growth and prosperity.

  6. #6
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    In case you haven't been paying attention mikey, the current administration is rushing headlong in the wrong direction. And that is after we gave them billions of dollars to spend to turn things around.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  7. #7
    Quote Originally Posted by RoBoTeq View Post
    In case you haven't been paying attention mikey, the current administration is rushing headlong in the wrong direction. And that is after we gave them billions of dollars to spend to turn things around.
    And just when was the last time we were going in the right direction?

  8. #8
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    Quote Originally Posted by mikethe ductman View Post
    And just when was the last time we were going in the right direction?
    Bush at least not negative there mike the duck. Just for clarity Mike on my previsou post I was talking about our foreign friends including the fromer Mike O'Brien. Thank you very much.
    "I could have ended the war in a month. I could have made North Vietnam look like a mud puddle."
    "I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them. It is not to inaugurate new programs, but to cancel old ones that do violence to the Constitution."
    Barry Goldwater

  9. #9
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    Quote Originally Posted by mikethe ductman View Post
    And just when was the last time we were going in the right direction?
    Every other administration. Do you have some sort of deficit in understanding forward vs backward or positive vs negative?

    Don't get me wrong mikey, I love your posts. Your posts make even the dumbest of the leftists look intelligent.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  10. #10
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    Quote Originally Posted by glennac View Post
    Bush at least not negative there mike the duck. Just for clarity Mike on my previsou post I was talking about our foreign friends including the fromer Mike O'Brien. Thank you very much.
    I did not know that Mark O'Brien was a fromer.


    What is a fromer any way?
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  11. #11
    Quote Originally Posted by RoBoTeq View Post
    Every other administration. Do you have some sort of deficit in understanding forward vs backward or positive vs negative?

    Don't get me wrong mikey, I love your posts. Your posts make even the dumbest of the leftists look intelligent.
    You out smarted me again robo

    Just when will I learn?
    Attached Images Attached Images  

  12. #12
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    Quote Originally Posted by RoBoTeq View Post
    I did not know that Mark O'Brien was a fromer.


    What is a fromer any way?
    Cut me some slack robo. You know I meant former when I type fast I can make mistakes. I know you are smart enough to figure out what fromer meant. At least I hope. After all when correcting Mike the duck you have to at least act smart anyhow. Thank you, thank you very much.
    "I could have ended the war in a month. I could have made North Vietnam look like a mud puddle."
    "I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them. It is not to inaugurate new programs, but to cancel old ones that do violence to the Constitution."
    Barry Goldwater

  13. #13
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    St Pete, FL
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    It's not really doubletalk... although it seems that way at times...

    First, what I've been tempted to pinstripe/letter on the back window of my Jeep:

    What's shovel-ready ain't jobs.

    I think that says a lot about where we stand. Nevertheless, having done a boatload of reading about the economy, unemployment, the recession/depression, and the stock market, I have some observations:

    1. Unemployment: Unemployment (U-3) is somewhat high at 10%; will increase in 2010 to something between 10.5% and 12%; and will remain above 8%-9% for at least a decade.

    (As an interesting diversion, search for U-6 at the BLS website www.bls.gov. You'll find in one of the several tables called A-12. U-6 is about 17% and has been for several months. Another interesting diversion would be to read about the birth-death model used by the BLS. That's business birth and death, not people. Called sometimes the bls black box, it doesn't affect the unemployment numbers; however, it does, indeed, affect the jobs created numbers. It's up for annual revision in February. It's going to change a lot from last year's model.)

    2. Jobless recovery: We keep hearing the words, "jobless recovery" and keep hearing various people say, "There is no such thing as a jobless recovery; if you don't have jobs, then you don't have a recovery." Technically, that is not a logical statement. "Recovery", as used by the economists, does not mean a return to previous economic conditions. Recovery means an end to a recession / depression. Now, what is a recession? The papers refer to a recession as a decline in GDP for 2 or more consecutive quarters. The NBER refers to a recession as when the economy is in a decline, which ENDS when the economy starts back up. The NBER looks at unemployment, GDP, real income, industrial production, retail production, and wholesale sales. What you read about mostly is in the papers, so their definition is the one that gets used the most.

    We have about 100,000 people a month entering the workforce--more or less. To maintain a given unemployment rate, 100,000 jobs have to be created. If no new jobs were created, and if no jobs were lost, then the 100,000 people that month would add to the ranks of the unemployed. Assuming that no one spent more or less otherwise, GDP would go up. Viewed another way, at the birth end of the age spectrum, there would be diapers, food, and baby stuff manufactured and bought for another 100,000 babies, while at the other end of the age spectrum, there would be less than 100,000 deaths--giving us a net increase in the population. More people eating and consuming means GDP goes up automatically. In this weird and impossible but illustrative example, unemployment goes up automatically, too.

    Therefore, there can be, and will be, a jobless recovery. That's because GDP is going to go up long before jobs are replaced.

    3. China and offshore jobs: I have nothing against the Chinese. They're people and they are struggling to make it just like us. Fine. However, we have lost jobs to the Chinese and will continue to lose jobs to the Chinese. I recommend China Shakes the World by James Kynge to anyone who wants to read a fascinating book about how and why jobs are migrating to the Chinese.

    The most fascinating story in the whole book is the one about the Chinese guy whose company bought a steel mill in Germany and disassembled it bolt by bolt to move it to China. The second most fascinating story is about how the Chinese immigrants to italy became, over about 2 decades of hard work, the owners of about 1/3 of the textile businesses in the silk producing area of Italy.

    We've done it to ourselves by consuming the less expensive Chinese products sold at WalMart stores, among other places. I buy stuff from Harbor Freight, and I bet most of you do, too. We talk on telephones that have call centers in Pakistan and India. And, to be fair, it's inevitable.

    Another incredibly interesting book that I'm almost done reading is Shop Class as Soulcraft. The very oldest of us may remember how, back in the 50's and 60's, our parents encouraged us to go to college. Some did and some didn't, but all of last century saw a negative attitude develop toward working with our hands. Assembly line process replaced skilled workers with workers that could put on the same two nuts and bolts a few hundred times a day. In the last part of the century, office workers took a similar hit in the form of offshore call centers. Now, if it can be sent through a wire, it can be done offshore cheaper. Almost no one is invulnerable.

    For example: An xray (digital, of course) can be read by a doctor in India. A clerk can take measurements for a handmade suit and fax the measurements to China... your suit will arrive in about a week, completely hand sewn. Your credit application can be processed in Taiwan or Brazil. Your building plans for that new house can come from a CAD drawing produced offshore. Those annoying sales calls that interrupt your dinner will increasingly come from another country where the caller's English skills will be better every month. Your tax return can be done by a Taiwanese and the result emailed back to you in a pdf file for half what you're paying now--and that's providing we don't replace the income tax with a VAT. Your will can be prepared in Mexico City and sent back as a printable pdf. Your glasses can be made from a simple computerized eye exam done at the local WalMart and FedExed to you in 3 days from China.

    Bottom line: Globalization will reduce the standard of living of most Americans while reducing the middle class and making most of us have to work harder for less. Neither political party can stop it. No one can stop it. It's going to happen.

    4. The good news: HVAC is one of the very best professions to be getting into, which is why I'm now studying it. No one in China can fix someone's A/C in Florida. They can't add refrigerant, nor can they change out a capacitor.

    Yes, the manufacturers can (and undoubtedly will) make units in the future that self-diagnose to an extent. (LED readout on the thermostat says, "Call technician to replace circuit board 12 and add .8 pounds of refrigerant." "Dirty evaporator coil detected." "Reduced air flow detected. Replace your filter.") It'll move a few jobs from the field to the manufacturers--but not that many. First will come the computers that plug into a port and give the technicians the diagnostics. Another tool that costs money. A few more service calls because they go faster. A few less dollars per call because they are shorter (and competition will reduce the prices, believe it).

    Still, overall, HVAC techs won't be hurting nearly as bad as the desk jockeys. As long as people still buy air conditioners... which won't be made in Alabama in the future but will come from China... just as soon as they get all the kinks ironed out and the Japanese design the onboard diagnostics.

    5. The stock market: I'm going to go out on a limb and say that I expect another market downturn that will be anywhere from almost-as-bad-as-last-Spring to something near a 50% drop... and I expect it the first 4 months of 2010. Write that one down and come back here the first week in May. You'll either be saying, "Keith, you were dead nuts right." or you'll be saying, "Dummy, you sure missed that one."

    I'd hope you will be calling me a dummy, but I'm afraid I'm going to be right, again.

    Keith

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