Daily Archives: 2012/03/10

What is “Acceptable”???

Posted on 2012/03/10 by

The U.S. created 227,000 jobs in the month of February. Once again, anytime we see job creation as opposed to job losses, it is a good thing. People are finding work and going about the business of making their way through these difficult times, and it is right that we recognize any betterment in terms of the job market. Now for some qualifying news:

Unemployment remains at 8.3% and has been above 8% for three years now. Almost 45% of those unemployed have collected benefits for longer than at any time in U.S. history. Approximately 13 million Americans are still without work and we have lost 2 million tangible and “countable” jobs since 2007. The number of jobs added is now trending down and those jobs are mainly service sector (temporary) positions and lower paying, which is never a very good sign for long-term growth. Consequently, when you hold up these numbers against a devastating foreclosure rate and skyrocketing gas prices/inflation, it’s hard to jump that “recovery” train with any real enthusiasm.

Look, I have said and will say again, do not be lulled into the “new norm” where 7.5% unemployment will somehow be  viewed as “acceptable”, and $4.25 gasoline along a $6.50 box of corn flakes are our economic future. By and large this may very well be our short-term future based on inflationary trending numbers, but our actions this year will determine whether that will be $5.75 gasoline and $7.00 Cheerios moving forward.

Free market economic recovery after a down turn comes in many forms and at varying degrees of speed. It can be affected only at certain times by the policies of a representative government. That is to say there is usually a very small window for politics to have an effect on free market economics. We must also take into account that there will always be a certain amount of what I like to call “natural” recovery, that being the strength of the free market to advance in spite of every effort made by an incumbent Administration or Congress, (and which they will take credit for, you can be sure). With this in mind I submit to my readers that while it does my heart good that anyone benefits from any upswing in the economy, this particular Administration has been nothing but a hindrance to real recovery. Furthermore, until he is either removed from the WH by vote or term limit, President Barack Obama will continue to govern outside and around everything necessary to bring about that real recovery.

Posted in "Patriot64", America, Congress, Economy, Fred Comella, Jobs, Military, Politics, Socioeconomic | Comments Off on What is “Acceptable”???

Say what???

Posted on 2012/03/10 by

There has been much in the news of late to which a pundit’s attention is warranted.  So let’s have some fun.

A couple of observations stand out for me, not the least of which is an apparent and continuing disconnect at the WH when it comes to the President’s appearances and statements. For instance, the big rally at the GM plant seemed almost a bad comedic line at a Dean Martin Celebrity Roast, when we learned barely a day later that production on the Chevy Volt would cease for lack of sales. Now I’m not sure if Mr. Obama intends to custom order his Volt, but if so he may be surprised to find out he’ll have to take one off the lot. Now I know all the “greenies” out there are screaming that it was all the negative “fire” press that doomed the little car that couldn’t, but actually it was more likely the $40,000.00 price tag. Heck even with a $7500.00 tax credit, folks didn’t seem eager to hop in for the “short” ride. Nonetheless the question remains, where were the POTUS’s handlers on this one??

I recently read a bit on Warren Buffett regarding his battles with the IRS over some unpaid taxes and thought to myself, this is the same guy who’s advocating we all step up and pay our “fair” share. In view of this extraordinary development, I read on that Buffett’s airline owes more than $350,000,000.00 and is locked in a suit counter suit with the government he so enthusiastically promotes as the solver of all of our national woes. Well as far as I can see, this would be a great opportunity for the old gent to put his money where his mouth is and fork it over for the greater good. (Not gonna happen people). You see that is the old Liberal game of “do as I say and not as I do”. These people are always most comfortable spending other people’s money.

I just thought hypocrisy would be a good lead in for the next few posts. Stay tuned…

Posted in "Patriot64", America, Economy, Fred Comella, Green Energy, Just for fun, Media, Political Correctness, Politics, Right vs. Left | Tagged , , | Comments Off on Say what???