The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.
This is the Emergency Blogging System. It has been activated because Steve is over at Papa’s Social Club, 7718 W. Burleigh in Milwaukee, for the July Drinking Right. You are instructed to head there now.
This concludes this activation of the Emergency Blogging System.
So, you think that 9.5% June unemployment is bad? In today’s Wall Street Journal, US News and World Report editor-in-chief Mortimer Zuckerman makes the case that we are in a second Great Depression:
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion
He also includes 10 items that back that up, as well as what happened to the Porkulus.
It always seems that liberals use words or phrases until the words don’t support their view of the world any longer. When that happens liberals typically change the definition of the words or come up with description changes that fit their new view of the situation.
Do you remember how “Climate Change” used to be called “Global Warming?” Yeah, global warming up until it became clear that all the claims being made about increasing global temperatures….made by man….we’re blown up by nearly 10 straight years of global temperature flattening or even cooling. Voila, “Global Warming” was changed to “Climate Change.” It really didn’t matter that the world wasn’t warming any more, the fact that something is changing that is not in line with the liberals desire is what the true catastrophic issue is.
When President Obama proposed the Stimulus plan he had his economic experts sell the plan by saying that without it, unemployment would go to nearly 10%. In contrast, by implementing the stimulus plan, Obama argued that unemployment would cap at 8%.
Over the past weekend President Obama told us that the stimulus plan was working swimmingly and that while unemployment was a “lagging indicator”, all would be well if we were just patient:
“We’re moving in the right direction,” Obama said. “We must let it work the way it’s supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity.”
While in Michigan today, President Obama said that he really doesn’t have a clue what is happening with unemployment:
“How employment numbers are going to respond is not year clear. My expectation is that we will probably continue to see unemployment tick up for several months.”
Clearly, this is what Obama and his team expected to see. Clearly they had expected that by doing the man made adjustments all would become right with unemployment. Clearly they are now frustrated that things are not going along the path they prescribed in February. What should they do now? I know, let’s not call it “unemployment” anymore, let’s call it “employment change.” There, they were never wrong. Problem solved!
Newsmax.com is reporting that President Obama is shattering all previous presidential travel records.
In the first 171 days of his presidency, Obama spent 22 days — the equivalent of one full month of working days — out of the country. That means 13 percent of Obama’s time in office has been spent abroad.
The amount of time that Obama is spending abroad may be a bit suprising when you consider that Obama is dealing with significant domestic issues including “… the worst financial crisis since the Great Depression,” cap and trade legislation and a health care agenda. In addition, Obama still has those nagging little issues in Iraq and Afghanistan.
Together, one would think that Obama has more than enough things to keep his attention at home rather than grand standing across the globe. For someone who campaigned on bringing efficiency to government, Obama’s travels would seem to be counter intuitive. Well, now that I think about it, maybe not so counter intuitive. Remember, Obama has a history of avoiding focus on the things he ought to be focused on:
From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That’s how many days the Senate was actually in session and working.
And before that:
In the end, Mr. Obama chose neither to vote for nor against the bill. He voted “present,” effectively sidestepping the issue, an option he invoked nearly 130 times as a state senator.
Every commercial for every investment fund or firm has a disclaimer that reads:
Past performance is not indicative of future results.
Unfortunately for President Obama, past performance, or the lack of focus on it, is exactly what we should expect in future results!
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