Category Archives: Jobs

“Barely above stall speed”…

042613_Imus_MacedoGDP growth came in at about 2.5 percent in the first quarter, shy of the expected 3.0 percent, and well below what most credible economists see as a number necessary to promote real job growth. Oddly, consumer spending ticked up again which I believe is related to the rise in consumer debt. A lot of folks are simply “charging it” again.

Scary as that may sound, it pales in comparison to a piece of news I heard today regarding how the fed will now measure the nation’s economic size and strength. Apparently, Beyonce’s album sales, and a host of “research and development” spending will now be added to our overall economic picture to show some size, if you will. So not only do we have to swallow the “pie in the sky” wishful economics of our “Professor in Chief”, but our government is actually going to  factor in a whole bunch of phantom numbers to disguise our obvious fiscal malignancy. Great…

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Biden, “over the pond”…

You got a license for that finger Mr. Vice President???

You got a license for that finger Mr. Vice President???

Hypocrisy in one form or another seems a permanent detriment in the modern political arena. I suppose one could cite voter apathy as a cause. In fairness, it’s not exclusive to either party, though this Administration seems to have opened significant inroads in terms of “do as I say, not as I do”. That aside, is the Vice President of the United States dumb, or do he and his staff simply have the utmost contempt for “We the People”.

Watching the President’s wife live the jet-set life in financially crippled Spain last year was bad enough, but Biden’s overseas hijinks on the tax-payer dime recently, all the while allegedly drowning in a sea of tears for sequestration, is borderline nauseating.

At the end of the day, over a million dollars spent on transportation, staffers, security and five-star hotels for two nights in London and Paris, is a bitter pill to swallow for those still struggling in an ever-shrinking American work force.

Now for all you apologists who would try and validate the VP’s ability to accomplish anything of substance over in Europe, (or anywhere else for that matter), I have some simple math for you:

Biden’s trip + the “Tiger Woods Presidential Golf Extravaganza” = 1/2 of the yearly cost of White House tours. Moreover, if the “First Family” would kick back just 1/5 of their vacation cost to taxpayers last year, we could cover a whole year of tours, and some change for popcorn too… Nah, I hear Michelle doesn’t vacuum…

Hypocrisy or elitist contempt, you make the call…

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It’s the labor force stupid…

Dept_-of-LaborListening to the “lame Stream Media” hype the latest jobs numbers would be laughable if weren’t so damn irresponsible. Well as I always say, let’s look at “the numbers within the numbers”.

CNS did a very good job hashing it all out so we can see the very real and troubling disparities plaguing our economy and labor force. Unfortunately, we don’t have enough respectable journalists willing to put aside their “Obama-love” for just a minute and report the truth. And so that task falls to those of us willing to embrace the facts, and they are pretty much these:

– the number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February, (and there goes your jobs added last month…)

– The fact is that the labor participation rate in our country remains at a record low 63.5%. Just to put that into perspective, when Barack Obama took office, the labor participation rate was 65.7%.

– The U6 unemployment rate, which measures those who are unemployed and underemployed, is 14.3%.

– The jobs that are being added to our economy are part-time, rather than full-time jobs. According to the Household Survey, the number of full-time jobs declined by 77,000 from 115,918, to 115,841 while the number of part-time workers rose from 27,467, to 27,569, or 102,000 jobs.

– The number of Americans out of work for more than 27 weeks rose in February by 89,000, going from 4.7 million to 4.8 million.

Now don’t take my word for it, and save your ridiculous rhetoric. Get off your behinds and do the numbers yourselves. I know it’s easy to simply attack the messenger and believe the lie, but what good does that do our kids???

This message brought to you by someone who actually gets it…

Source – http://www.bls.gov/news.release/pdf/empsit.pdf

Source – http://cnsnews.com/news/article/record-89304000-americans-not-labor-force-296000-fewer-employed-january

Source – http://www.zerohedge.com/news/2013-03-08/february-multiple-jobholders-rose-record-full-timers-dropped-part-timers-increased

 

 

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“Skin in the game”…

Dr. Benjamin Carson is the kind of man we should be sending to Washington. If not for the fact he is a doctor (a pediatric brain surgeon no less), and we are in such short supply of doctors because of Obamacare, I would start a petition today to draft him for a political run. Why do I say this, you ask?

175974_5_I caught just a bit of his remarks at the recent National Prayer Breakfast where he lectured and President on healthcare and then schooled him on tax reform. This man has two things which are clearly in short supply in Congress these days, character and common sense. His basic premise on taxes (as described in his book, “America the Beautiful”),  is a “flat tax” for all, very much like a “religious tithe”, would dramatically simplify the tax code and solve most of Washington’s spending vs. revenue issues. It would also go a long way to rooting out the political evil which now presides over our finances. Simply put, an across the board percentage of one single and mutually agreed upon “denomination” would be applied to every working American (and collecting one). Obviously, if you have some “skin in the game”, you are naturally more inclined to be concerned with how “your” money gets spent. Moreover, the incentive to better ones fiscal position, is reinforced by the notion that you are treated no differently than any other tax payer. The flip side of that coin of course, is that you should expect no different accommodation.

The videos and web page below are about as sensible an approach as I have heard in some time. There is no dark political objective, and no prevalent ideology with the exception of that which is our cultural, and undeniable national origin. I must agree, a “flat tax” would be the single best solution to our financial troubles to come along in over eighty years, and would return our nation to its Constitutional foundations. Politicians take note, “We the People” are gonna get this message eventually. Unfortunately, the rest of what Dr. Carson has to say is only for those who love and appreciate their country.

http://thehill.com/blogs/pundits-blog/economy-a-budget/282211-dr-ben-carsons-tithing-wisdom

http://video.foxnews.com/v/2161630388001/does-the-bible-endorse-a-flat-tax

http://www.youtube.com/watch?v=u4fkBb3_E_g

 

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1-20-13, The Inauguration of Apathy…

Inaugural_platform-001_s640x427Whether you agree with him or not, Barack Obama will be sworn in as President of The United States for a second term. The backdrop of this inauguration however, will be one of uncertainty and disillusionment to be sure.

We are living in a time of choices like we have never faced, and they are not necessarily ideological choices. Nevertheless, most Americans must now decide whether they will recognize and accept the factual evidence of our national “situation”, or whether they will choose to ignore that evidence, blame someone or something else, and hope the “situation” will correct itself. Here are some undeniable truths to consider though, if you have the intestinal fortitude…

Our overall economy has already morphed into an over-extended and dormant entity on life support, chugging along at what would normally be considered a pathetic pace. Stocks are up though they are critically overvalued paper, and lack the raw capital which once calmed a long term investor. Unemployment remains under-reported and elevated because of uncertainty over the rising costs associated with owning and running a business. Ideological taxes and benefit burdens threaten to blow up middle America, with a recent report from a former GAO Chief predicting Obamacare may very well collapse the entire economy. (Note: Most credible analysts who aren’t drinking the Obama Kool-Aid support that prediction.) And as a nation, we spend nearly twice what we take in, with our debt now growing beyond our realistic ability to pay it off of our great-grandchildren’s backs.

In full view of all of these facts many have simply chosen to dig in their partisan heals and spit into the proverbial fan. Politicians for life on both sides of the aisle have put us on a collision course with financial Armageddon, and there seems little “We the People” are prepared to do about it. Moreover, Chief Justice John Roberts will swear in a President tomorrow, who lacks both the life experience and historical grasp to lead us back onto the right avenue, a demagogue, drunk on perceived adoration, and who is content see this college experiment through to it’s inevitable conclusion, even if it means the United States emerges but a shell of its former glory.

Now some will call me a racist for my conclusions. Still others will call (me) the partisan, and I will undoubtedly argue against this foolishness to the bitter end. That said, what we are facing here is a mathematical certainty with unimaginable consequences, which can no longer be denied or framed as just some radical doomsday prediction. The hard numbers are now in plain sight. Make no mistake, I too am stunned at how quickly this country was lulled into a catatonic 1960’s mentality, unable to see reality or reason, blinded by rhetoric, and selfishly willing to deny their posterity.

So as I watch and listen to President Obama take the oath of office once more, and I hear him swear to uphold the Constitution of this nation once again, and then I listen some more as he will undoubtedly rehash much of the old “Hope and Change” diatribe, I will be considering my sons and our children’s America. Regrettably, my conclusions will be the same as they were in 2008. The President is not the problem. We are…

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Little Rhody Reason…

RI DLT Director Fogarty

RI DLT Director Fogarty

Rhode Island’s unemployment rate fell from 10.4 to 10.2 percent. So significant was this to the Chafee Administration, that Charles Fogarty from the Department of Labor and Training sprinted to the airwaves to tout this most momentous of occasions. After listening to Fogarty’s painful “right direction” diatribe, I did a little numbers juggling of my own.

At our present rate of recovery here in “Little Rhody”, we might be at the current national unemployment level by the year 2017. Moreover, the trending numbers, or “indicators” as they are sometimes called, do not take into consideration those who have simply dropped off the employment radar or moved away, nor do they account for small business friendliness and cost of living factors which are all “trending” badly to say the least…

Adding insult to “The Ocean States” already embarrassing economic injury, WPRO Radio Personality Dan York reminded his listeners yesterday, that if Massachusetts Governor Deval Patrick has his way and lowers the state sales tax to 4.5 percent, there won’t be enough retail money left in Rhode Island to pay for an order of “Chowda” and Clamcakes…

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The Self Destruct Button…

The so-called “fiscal cliff” was nothing more than a response to the accountability gauntlet laid out by both the WH and Congress, intended to make “We the People” believe our representative government actually gave a rats you know what about our kids futures. In essence, a made up deadline that when reached, only triggers the cold and broken reality of gridlock politics in Washington.

375px-US_Public_Debt_Ceiling_1981-2010Now the “debt ceiling”, well that’s a whole different ball game. So it was interesting to hear the POTUS going on about how Republicans somehow want to prevent the nation from paying its bills on his weekly radio broadcast. (No Sir, they want to keep those bills from growing beyond our “ability” to pay them). He even attempted to draw a comparison line to the government shut-down of 1995. In fairness, some of the political components may be the same. But the monetary dynamic is something very different, and unlike anything we have ever faced before. The numbers today are, for all intents and purposes, the end of the “green back” road for us. At nearly sixteen and one half trillion dollars in debt, The United States is not only broke Mr. President, it’s darn near bankrupt, and credit reporting agencies like Moody’s know it. Consequently, and in full view of this financial Tsunami, Mr. Obama’s approach in the weeks ahead will be to ask for yet another blank check, signed by the next generation, so he can burn off another boat load of borrowed money that we just don’t have, on a bunch of foolishness that just doesn’t work.

So as our economy remains on life support, with its full potential reined in by bureaucrats in Washington bent on ideological change, “We the People” are left to watch in utter confusion, as those sent to represent our best interest prepare to push the self-destruct button on our economy, as well as a better America for our children.

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Stand Fast!!!

boehner_angle_ap_imgJohn Boehner was re-elected for a second term as Speaker of House yesterday, but not without some drama. From what I am hearing, Boehner just cleared the threshold requiring a second round of balloting, with 220 votes. Apparently, there were as many as nine Republican defections.

My take on this is simple. At no time in recent memory has it been more important for our elected representatives to stand on sound fiscal principle. The days of “bi-partisan” shenanigans at the expense of our children must come to an end. And unlike many dreamers out there, I know this has absolutely nothing to do with “inclusiveness” under one tent or another. I am not confused nor will I be swayed from the reality that “We the People” have allowed Washington to financially undo The United States of America. I ask the Speaker to lead in a way which will make him synonymous with our nation’s revival, not its demise.

With the election over, and as we await an Inauguration to mark the peaceful transition from one term to another for President Obama, I remain hopeful Americans will wake from their dreams of utopian bliss and realize our wounds are by and large self-inflicted. And in doing so, chart a new course back to that which makes this, the greatest nation on the face of the earth.

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Sequestration 101…

alan-simpson-erskine-bowles_gi_topAs both sides debate the fiscal cliff right to the very edge of disaster, “We the People” are poised to absorb the blow of Washington’s inexcusable dysfunction. On the one hand, you have Speaker Boehner who just realized he will indeed be held to account by members of his own party for his lack of fortitude and leadership of recent. On the other hand, President Obama enjoys main stream media neutrality, (and even their support), while he chips (spends) away at what’s left of our fragile economy. We are truly on the brink as a nation.

With the election now behind us, we can see the Obama second term taking shape. For the record, while I vehemently disagree with the President’s ideological stance, I do admire Mr. Obama for his political courage. He simply and truthfully pushed a radical and un-Constitutional agenda on a largely complacent electorate, grievously compromised by revisionism and a lack of historical appreciation for our beloved Republic. He seized on the political moment, took the ball down field and is preparing to go in for the touchdown. Sadly, the loser in this critical play-off game will be The United States of America. I have a sickening feeling about the consequences of being right on this one.

Nevertheless, I think it’s important for folks to understand the simple basics of what is about to happen, and in comparative terms to their own lives.

Most credible experts agree that if sequestration is allowed to go forward, and taxes are allowed to go up on all Americans, the economy will contract approximately 3.5 percent. Now as the U.S. economy itself is only growing at an anemic rate of under 2 percent, and the nation is carrying over $16 Trillion in debt with a real unemployment number of about 9 percent, this is critical. Let’s try and look at this as if it were an average middle class family today. Your monthly bills are around $4000.00, but you’re only bringing in about $2900.00 since your spouse was laid off, and her benefits have long expired. (You’re also on the short list to be laid off in the coming year because your employer will not be able to cover his “Obamacare” costs and penalties, and will have to downsize his workforce). You’re borrowing additional money to make up the difference and pay the interest on your credit. Your “projected income” over the next ten years will not keep up so you have to borrow even more money, expanding your debt profile by amounts you cannot account for without cutting your expenses, changing your spending habits “or” borrowing even more money. For the average family, this will eventually lead you to the point where no one will lend you any more money because they know you cannot possibly pay it back, (and you can’t simply print more). Are you following me?? You will now be forced to cut back in ways that you could never have imagined. Your quality of life will be dramatically altered as you may very well be forced into bankruptcy and your credit rating will be destroyed. You will likely lose your home and your car to foreclosure and/or repossession, and your wages may be garnished as debt collectors come for what little you have left. I know that you all are beginning to see this in the appropriate context. Now what the heck do you think it means for our country? What it means is this “cliff” is more like a black hole from which we may never return, but with one major difference for the federal government. They enjoy a luxury you and I do not, the power to tax until the well runs dry to correct the short-fall, ala France, Greece and Spain and their crippling tax rates.

Now we can debate all day about why both parties have politicized the argument in the manner they have, and many a short-sighted partisan fool will do just that. But it will not change the fact that our country’s economy is a mere shadow of what it was. And it certainly won’t change the fact that our elected officials at every level have screwed us to the point where they themselves have now thrown up their hands in utter frustration for lack of ideas or an appropriate and non-political solution.

Ya know, I remember reading the Erskine/Bowles report and listening to them talking about how their recommendations would be painful on all levels, and that was if we adopted those recommendations. The fact that President Obama and Congress have chosen to ignore them, leaves me to wonder if our economic wounds are now fatal.

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“Here’s fourteen bucks, and I’ll see ya’ at the polls”…

minimum_wage(1)Apparently my home state is among those that will raise the minimum wage come 1/1. Across the country there are a number of states which will do the same. But Rhode Island is a great example of the “wrong headedness” which dominates what I like to call the “Obama political landscape” these days.

Let’s put aside for a moment, the idea that minimum wage positions are not meant to be permanent or what many would call “living wage”, but rather starter or entry-level positions, which is what my dad taught me and what I believe to this day. And let’s also put aside the predictable politics of the Left as they fish for support among the uniformed/brainwashed. I would just like to know how in the world an extra $14.00 per week is going to make a significant difference in someone’s, or some family’s bottom line. Now firstly, save that Barrington rich guy stupidity. I’ve seen my share of hard times, and I don’t need a life lesson from any misguided “occupy type” or Progressive sycophant. But in a state legendary for its inhospitable business climate, excruciating tax burdens, and regional cost of living disparities, one would think our elected officials would be hard at work on a more substantial and “maybe even” long term approach.  Alas, Rhode Island will now make it even harder for small business out ahead of “Obamacare”. Moreover, when we hear our Rhode Island Delegation to Washington talk about jobs, one has to ask why in the world you would take away what little incentive there is left for companies to hire. And why in the world would you incentivize those companies to do more with “less” people.

In the face of such dire economic circumstances, Rhode Island offers the same tired and ineffective foolishness. “Here’s fourteen bucks, and I’ll see ya at the polls”…

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