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Why The Numbers Matter

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Dan martin (c)copyright 2011

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Let me see if I have this right. Although only 103,000 new jobs were generated in December, the unemployment rate is down because a large number of people have simply thrown their hands in the air and given up trying to find employment.

According to the grand pooh-bahs at the Bureau of Labor Statistics in the District of Criminals (D.C.), the unemployment rate fell to 9.4%

And, the whole construct will likely be “seasonally adjusted” in a few weeks. More

No jobs for more than three out of four unemployed workers

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Live Link:  Economic policy Institute

Elise Gould
December 7, 2010

“With the labor market currently unable to provide jobs for more than three out of four unemployed workers, Congress must seize this opportunity” More

NANCY PELOSI, THE SPEAKER OF THE HOUSE, IS INSANE!

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10-08-2010 4:21 pm – John Wallace
LIBERTY NEWS: Nancy Pelosi is insane. Sure, the American people already knew that. One look at her leering botox-riddled Joker face gives that away. Her career is filled with monumental fits of insanity, stupid remarks and way out there ideas, but her latest ideas are really insane.

In a recent interview with the press, Nancy Pelosi said that “more food stamps and more unemployment insurance for Americans will actually grow the US economy” and lift it from the recession that Barack Obama has helped to worsen. Well, she really didn’t say the part about Barack Obama making the economy worse. I added that part, but she did say the part about more food stamps and more unemployment insurance for Americans will actually grow the US economy.

Ms. Pelosi, that insane genius and all-around nut case analyst of the US economy and everything financial, spoke this past Wednesday to answer remarks recently made by Newt Gingrich, who said that Republicans need to make a contrast between Democrats who promote food stamps as their economic policy, and Republicans who actually promote the useful concept called paychecks to grow the prosperity of Americans.

Pelosi reacted to Gingrich’s assertion by admitting that, yes, Democrats are indeed the party of food stamps. Ms. Pelosi actually admitted that her party’s policy is to get as many people as possible on food stamps because she’s either totally ignorant about economics, or she really is crazy. It has got to be the latter because any normal, sane human being would understand that food stamps helped by unemployment insurance will not grow the US economy!!

If Ms. Pelosi really believes what she is saying “that food stamps and unemployment insurance will grow the US economy,” then she needs a “checkup from the neck-up” and her recent statements only help prove what Dr. Michael

Handbasket? What Handbasket?

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I read a sad little story today about a former Homeless Shelter Case Worker who is going through some hard times. Seems that after 99 weeks of Unemployment Bennies – she still cannot find a job even with 17 years experience. And she has to pay for COBRA to the tune of $650 per month. And she is having to dip into her 401K next month if something miraculous does not happen.

At first one would be compassionate and think “Oh. How sad and her Mommy is in the story as well!”. But on reflection and further perusal of the “iReport”, the compassion seems to bleed from my brain.

This particular case is indicative of the mindset of some American Citizens. On reading the article we see that she is paying $300 per month for storage for the furniture that cannot fit in her new apartment:

And then there’s the storage fee of $300 she pays for all her excess furniture from her old apartment.

Word of advice: Sell it. If it is excess, you don’t need it. More

Jobless Men….Keep going…We can’t take care of our own

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Click on the interactive link below and watch the advance of unemployment and the recession from 2008 until today. 
This while the administration looks for ways to give blanket amnesty to illegals, and refuses to balance the trade deficict.
Or:    
Need a JOB?
  
EXPATRIATE!!!!!

What is Washington thinking? Millions out of work and they up the number of green cards

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Live Link: The National Examiner

 “With 1 in 5 Americans out of work, Obama issues over a million green cards .”

April 11, 5:36 AM Immigration Reform Examiner Dave Gibson

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The Department of Homeland Security has just reported that during 2009, they issued 1,130,818 new Green Cards to foreign nationals, allowing them to work legally in this country. That number represents the fourth highest number of cards issued in one year.

750,000 of the new Green Cards were given to the families of U.S. citizens and legal permanent residents.

The top four recipient nations are as follows:

-Mexico…164,920
-China…receiving 64,238
-Philippines…60,029
-India…57,304

In Feb. 2009, the financial institution Merrill Lynch announced that the nation’s actual unemployment rate had reached 13.9 percent. A year later, that number had risen to 17.3 percent. This figure represents Americans who have been laid off from full-time positions and are now working part-time, as well as those who have simply stopped looking for work, and workers whose unemployment benefits have run out.

The official unemployment figure given monthly by the U.S. Bureau of Labor Statistics is now listed around 10 percent, but represents only those Americans currently receiving unemployment checks, and is not truly indicative of the dire employment situation now facing the U.S. More

“Ruthie Reports”: Guest is Paladinette

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Join Ruthie on 4/15/10 http://www.BlogTalkRadio.com/TheRuthieReport   with Special Guest:    PALADINETTE  a tireless advocate for the US unemployed millions.

We will discuss her actions for the unemployed American How it relates to illegal immigration And her future plans (more info below)    ****NATIONWIDE TALK SHOW****    

“The Ruthie Report” live or archived at http://www.BlogTalkRadio.com/TheRuthieReport via The Conservative Alliance Media Network 8 pm CST every Thursday      Join “The Ruthie Report” and our special guests every Thursday at 8 pm Central time. Listen to Ruthie’s commentary on the issue of illegal immigration, with week to week news updates, action alerts and activities on what we can do to stop the illegal immigration invasion. Check your political correctness at the door. More

Derry Brownfield: PESSIMIST OR REALIST

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By Derry Brownfield         
November 15, 2009

NewsWithViews.com          Tell a Friend 

For the past several years I have been referred to as a pessimist, a doom-and-gloomer, even unkind and trying to scare people. There are a few individuals in this nation who have read the warning signs and are better informed spokespersons than the general public, but many citizens are beginning to take notice and listening to what these realistic thinkers are saying. I certainly don’t claim to be a prophet or have any insight into the future. All I can do is study the facts, recall the past and try to determine what to expect in the future. For the past 30 years I have been studying economic history and what I have learned is totally different from what I was taught in the economics courses I took in 1949 and 1950 at the University of Missouri.

During 1982-83 I wrote an article each month for a rural electric publication. The following are the titles of a few of my manuscripts: THE QUESTION OF THE MONEY SUPPLY – WE NEED FAIR TRADE NOT FREE TRADE – WE CAN’T BUY FRIENDS – IT TAKES WORK TO CURE A RECESSION – A WORLD WITHOUT BUREAUCRATS – APATHY WEAKENS A NATION – FOREIGN LOANS PINCH BIG BANKS – DON’T TAKE FREEDOM FOR GRANTED. Nearly everything I wrote in 1982-83 came to pass, yet I was told by the editorial staff in 1983 that my articles were too controversial and my services were no longer needed. They thought I was pessimistic when I was trying to be realistic. More

An Urgent Message From Tom Tancredo

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Tom Tancredo PicDear Friend, 

A new Congress was sworn in only yesterady, and already there is talk of amnesty!  Don’t these guys remember what happened the last time they tried to sell this country out with an amnesty?  Americans screamed “No Amnesty!”.  Well, we can’t waste any time — we have to keep the pressure on — we must stop them again!
 
Although I have retired from Congress, I haven’t retired from the fight to secure our borders against illegal immigration…far from it!  That’s why I urge you to stand with me again–becasue only together can we derail this new effort by the Senate to jam amnesty down our throats.
        
Senate Majority Leader Harry Reid told reporters that he “didn’t expect much of a fight” if he introduced amnesty.  Our job is to let him know he has it all wrong!
           
You and I, alongside Team America, fought in the trenches in that epic battle…and with the overwhelming support of the American people we beat back amnesty and defeated the Bush White House, La Raza, the U.S. Chamber of Commerce and the open-borders Democratic majority in the U.S. Senate.  
 
What’s changed since then?  Things have gotten worse!  Our nation’s economy in the tank; with unemployment climbing every month and state and local governments scrambling to meet their obligations as their tax revenues drop.  There is unprecedented violence and lawlessness on the US-Mexico Border.  The last thing we need is a massive amnesty that is a green light for even more illegals to pour over our southern border! 
 
The stakes are greater than ever.  We must beat them again!  And if it means going into the trenches against Senate Majority Leader Harry Reid, his Senate cronies, corporate America, and the La Raza crowd– and anyone else for that matter– then we must be ready!  
 
I need you to do two things:  First, start calling your Senators today! (Toll free number is 1 (866) 220-0044).  Tell them: “No Amnesty for Illegals!”  Tell them with record unemployment, deficits, and violence on the border, any amnesty is completely unacceptable.  We need to turn up the heat now!
 
Secondly, I must ask you to send a generous contribution to Team America!  We need your help to keep going.  That’s why your contribution to Team America PAC is so important!
         
Your best gift, for $35, $50, $100 or even more, is critically needed for us to be ready to again lead the anti-amnesty coalition in Congress and across the nation. 
          
We always knew the fight was not over.  And I know we can stop them again!  Thank you for your tremendous support of Team America and our immigration reform cause.  I deeply hope I can count on you to help us today!

Your Friend,
Tancredo Signature
Tom

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cards_bigThere is much to celebrate, as there is only 33 days until George W. Bush leaves the White House.  In addition, Congressman Nadler, Chairman of the Subcommittee on the Constitution, recently introduced a resolution expressing staunch opposition to any potential preemptive pardons of members of his Administration and the need for an Independent commission or select committee to “investigate, and, where appropriate, prosecute illegal acts by senior officials of the administration of President George W. Bush.”

I fully support this resolution and I have signed on as a co-sponsor.

The issue of preemptive and/or blanket pardons has been a subject of much debate and frustration. There is great concern that Bush will abuse his pardon power and further cover up wrongdoing by his Administration. 

However, as citizens, we have a responsibility to reject any abuse of the presidential pardon power to shield or manipulate investigations.

Regardless of the legality of potential pardons, there needs to be a full accounting of this Administration’s abuses.  No doubt many of the players in the Administration will seek future positions or public office.  The public deserves a full accounting of what they have done, and the law, in my opinion, requires it.

Many felt that President-elect Obama’s victory might free members of Congress to move forward with Impeachment Hearings.  However, the weeks since the election have been largely consumed with trying to formulate a balanced and thoughtful response to the economic crisis, which, no doubt, is affecting many of you.

The struggles of the American auto industry, and the ongoing banking and credit crisis, skyrocketing unemployment, and our exploding budget deficit have taken center stage. 

Some of our most critical issues – universal healthcare, Medicare and social security funding, alternative energy investment, and education improvements are all threatened by this crisis.  Although I am committed as ever to holding this Administration accountable, we are facing a historic crisis in this nation that Congress and President-elect Obama must work together to solve.

Obama’s victory gives us a window to accomplish vital tasks that will have very direct impact on you and your family. 

I thoroughly believe that President-elect Obama will return us to a government that respects the rights of its citizens and the rule of law.  I look forward to working closely with his Administration to not only repair the damage, but bring forth a renewed sense that government is, in fact, responsible and answerable to the people.

With great respect and admiration,

Robert Wexler

Congressman Robert Wexler  contact@wexlerforcongress.com

Unemployment Numbers/A study in Fuzzy Math

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While seeking to verify the accuracy, or at least the source of the latest Unemployment Figures, I found this:

November 3, 2006 These Strange Employment Numbers

Each month’s employment report grows increasingly bizarre. First, the government suddenly discovered 800,000 Americans who were employed yet the Feds somehow missed them. The details on that still haven’t been released.

Today we’re told that the nonfarm payroll number for August was revised higher by 42,000. The number for September was adjusted higher by 139,000. Plus, the economy added 132,000 new jobs last month. Add it all up, and the unemployment rate for October is now down to 4.415% which is lower than it was eight years ago.

I’m not sure why anyone pays attention to these numbers. I don’t see any value in them. 

There is no need to verify the accuracy of the numbers. It is a lot like trying to get yesterday’s meringue to stand up straight.

Sound familiar? Of course it does.

This is an exercise that is repeated every month:

  • Publish whatever is necessary to support the current talking points.
  • Revise all the numbers a week later, supposedly to reflect reality.
  • If they are worse, publish on page nineteen, or not at all.
  • If they are better, “hold the presses!” – page one – banner headline.

When you see the next batch of fuzzy math, ask yourself a few questions:

  • Does this include the people whose claims have run out?
  • The number who were refused benefits?
  • The number who get reduced benefits?
  • The number who were replaced by illegal immigrants?
  • If these figures are based on IRS Form 941 (Employer’s Quarterly Federal Tax Return), where is the need to revise them next week?
  • Better yet, ask the Bureau of Labor Statistics. Your elected representative should be able to put you in touch. Maybe not.

Dan Martin: dlmjunk@meltel.net A semi-retired estate planner and tax preparer,
determined to help people understand how numbers affect every day of their lives.
Comments, questions, or clarifications are welcomed.

Posted by edelfenbein at November 3, 2006 10:56 AM” here: 
http://www.crossingwallstreet.com/index.html

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