You will never live if you are looking for the meaning of life - Albert Camus
Thursday, July 02, 2009
Send in the Clowns, Part Deux
by
It’s not often that you see someone put on the clown makeup in real time, but bless his heart, John Cole certainly has the talent to pull it off:
Meanwhile, Goldman Sachs and the rest of the Wall Street gangs are posting record profits and handing out record bonuses, all because the American taxpayer spent trillions to shore up their recklessness. And since it cost so much, we are now being told we can’t pass another stimulus or do anything about health care. But hey- Matt Taibbi wrote a tough article and Jake DeSantis was stared at rudely once, so it all evens out.
I highlighted the sentence in the middle because it shows the attitude of the average Democrat in these times. They don’t even consider the possibility of NOT spending hundreds of billions upon trillions of dollars that we don’t have, just because it makes them feel like they care so much. Christ, Obama and his court jester, Joe Biden, have at least paid lip service to “paygo,” even if they are being completely insincere about it. Most everyone else, though, is on the “spend like it’s 2005!” wagon. Cole and his comrades aren’t worried about vastly increasing our national debt, when even the President has admitted that we can’t keep borrowing from China and that we are “out of money,” they’re bent out of shape that people don’t want to add even more debt.
A couple of posts later, the same day, Cole then burps out this gem:
No links. Just guess. Who is a big enough hack that they could write the following:
“Porkulus has utterly failed, as has the Obama administration’s fiscal policies. Businesses have conserved capital in the face of massive new taxes and costs associated with Obama’s stated fiscal policies, such as cap-and-trade, foreign-income taxation, and the higher interest rates that will spring from the massive deficits Obama plans to create. The capital necessary for growth won’t appear in the market under these conditions, as we have clearly seen. When will the media begin to hold this administration responsible for Obama’s economy-killing agenda?”
Place your guesses in the comments.
Uh, John? You might want to hold off on the gratuitous dog pics and middle-school tween-level posturing and see for yourself:
Cole’s intellectual laziness and economic myopia aside, while amusing to point out here, isn’t ultimately the whole point of this post, however--it has to do with the larger issue of unemployment. (More after the jump)
Commenters in Geoff’s post at Innocent Bystanders that I linked here have pointed out the obvious discrepancy of unemployment only going up only 0.1 percentage points, when more jobs (per raw numbers) were lost last month than in May when it went up another 0.5%. They point out the issues of people who have been kicked off the unemployment roles, people who have “given up,” and the “underemployed,” which is essentially working part-time. Throw these numbers in, and the unemployment rate hits double-digits easily, although the “actual” rate seems to run anywhere from 15% to 26% depending upon who is doing the math and the metrics they use.
If I recall, not counting these numbers as part of the unemployment rate was part of the welfare reform bill that the Republicans passed and Billy Jeff signed into law in 1996, although someone can correct me if I’m wrong. Quite frankly, this is one of the most short-sighted, dishonest ways of fudging economic numbers that exists in our system right now. Because the public looks at unemployment rates as the primary indicator of economic health or recovery, the government certainly has an interest in keeping the numbers as low as possible, but that doesn’t mean they should lie about it.
Up until about three months ago, the Air Force’s Pacific Command had a PT fail rate of about 2-3% annually, among the lowest in the Air Force. PACAF commanders finally bit the bullet on suspicions they had that the pass rates weren’t legitimate and started using civilian fitness trainers at the base gyms to actually run the PT tests (run 1.5 miles, waist measurement, push-ups, and sit-ups). The fail rates jumped to the double digits, but it showed that the PT programs in their units weren’t being adequately monitored, and PACAF commanders have taken steps to fix it. Those rates are now starting to drop again, even though they are still high.
The same transparency needs to happen with the unemployment rates. If Obama and Congress are really invested in fixing the unemployment problem, they need to bite the fucking bullet and start including the numbers of people who have been kicked off the unemployment roles or have given up looking for work. “Underemployed” should be a separate category, since this often includes college kids that are just looking for beer and condom money, but it also includes people who are working at Home Depot or Kroger’s part-time to at least keep food on their table and the wolves at bay.
Only when the government is completely honest about what the unemployment rate is (yeah, I know, stop laughing, you assholes :P) will people be able to start approaching how to solve the problem from a more practical, realistic perspective, rather than this phony-baloney crap about “saving or creating jobs.”
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Posted by on 07/02/09 at 09:19 PM in •
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