Tag Archives: Economy

Occupy Wall Street, Obama, The American Jobs Act, Veterans & Patriots

The same way that they filibustered the The American Jobs Act of 2011, Senate Republicans filibustered the Veterans Jobs Corps Act of 2012. According to the Examiner, here,

the proposal failed 58-40, with most Republicans voting against it. Sixty votes were needed to overcome the procedural hurdle and push the bill toward final passage. Five Republicans – Sens. Scott Brown (Mass.), Susan Collins (Maine), Dean Heller (Nev.), Lisa Murkowski (Alaska) and Olympia Snowe (Maine) – voted with all 53 members of the Democratic Conference to sidestep the procedural roadblock.

I know the Republicans CLAIM to be “Fiscal Conservatives” and “Patriots” but the evidence shows that they are neither.
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Jobs, the Economy, Employment and UnEmployment

Gingrich, Romney, Santorum, & Paul: The Four Horsemen of the Apocalypse

Gingrich, Romney, Santorum & Paul: The Four Horsemen of the Apocalypse

According to the Bureau of Labor Statistics, here,

“Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and businesses services, health care and social assistance, leisure and hospitality, manufacturing, and mining.”

If nonfarm payroll rises by 227,000 (an annual rate of 2.7 million) why is the unemployment rate unchanged? Again, according to the BLS,

“Both the labor force and employment rose in February. The civilian labor force participation rate, at 63.9 percent, and the employment-population ratio, at 58.6 percent, edged up over the month. (See table A-1.)”

The reasons are simple:

  1. Obama brought troops 100,000 soldiers home from Iraq – who need jobs.
  2. The economy seems to be improving, prompting people to re-enter the job market.
  3. The “Public Sector” lost 22,000 jobs per month in 2011, for a total of 264,000.

These are summarized here, on Think Progress.org. We also lost 14,000 construction jobs last month because the Republicans refuse to rebuild the infrastructure of America.

What happens next? Again, according to ThinkProgress, here,

Mitt Romney,as president, would fire even more government workers. “We just have too many” public sector employees, Romney said, “and they’re paid too much.” Rick Santorum’s plan to cut $5 trillion in federal spending would undoubtedly lead to significantly higher government job losses.

Gingrich shut down the government once before. Altho he does want to build a lunar colony. Ron Paul wants to abolish every agency that exists, and basically return to the days immediately following the American Revolution, when the USA was 13 confederated states – before the Constitution was ratified. (Today I guess it would be 50 – or maybe 47, plus Alaska and Texas (but not including Hawaii). Governors Christie of NJ, Daniels of Indiana, Perry of Texas, and Walker of Wisconsin are reading from the same playbook as Romney and Paul.

ThinkProgress concludes:

It’s clear that even as the economic recovery continues, it will fall short of its full potential so long as governments continue to shed thousands of jobs. President Obama has proposed to address this problem by creating public sector jobs to repair our nation’s crumbling infrastructure. The Republican presidential candidates have proposed to address this problem by exacerbating it.

It is as if, now that the “Cold War” is over, the Republican Party is waging war against the United States of America.

Bernie Madoff, Richard Feynman, and The Financial Crisis

Bernie Madoff

Bernie Madoff - In Prison

Interviewed in prison, Bernie Madoff asserted that banks and hedge funds were “complicit” in his elaborate fraud. Diana Henriques, writing in the NY Times, 2/15/11, (here) said “Madoff described as ‘willful blindness’ their failure to examine discrepancies between his regulatory filings and other information,” Quoting Madoff, “They had to know. But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’ ”

Look at this in the context of the the Financial Crisis. The bi-partisan committee on the financial crisis, FiscalCommission.Gov,  released its findings on Thursday, 27, January, 2011.  The Commission, I think, got this one right. The financial crisis could have been avoided.  This thirty-year economic experiment in de-regulation, which started under President Reagan, has proven that self-regulation doesn’t work; the government must regulate the financial industry. The foxes can’t guard the henhouse. Continue reading →

Election Day, 2010

John F. Kennedy

John F. Kennedy

President Kennedy once said “Politics is the only game that matters.” It’s winner take all, and the winner decides how your money is spent. President Clinton used to say “It’s the economy, stupid.” This still applies. Neither the President nor the Congress was focused on putting Americans back to work. They need to re-read Keynes, and also study Ecological Economics. (And Mr. President it’s not the economy according to the economists, it’s the economy according to voters who are up to their eyeballs in debt, unemployed, or facing foreclosure, and their kids, with health care, courtesy of your law, but fresh out of college, with huge college loans, and no jobs.)

Gov. Elect Cuomo

Gov. Elect Cuomo

Andrew Cuomo’s win of the NY Governor’s race was not a surprise. Altho the margin – 1,135,214 votes (2,565,869 votes, 61%, to 1,430,655, 34%, Washington Post) is staggering . Some of my conservative Republican friends voted for Cuomo. Others abstained. How could they vote for Carl Paladino, with such an obvious inability to govern, a guy who is uncomfortable with gay people but who owns 2 gay bars?

Congratulations to Governor-Elect Cuomo, and the State of New York. Popular Logistics would like to see Gov. Cuomo run for President in 2016.

Lucy Liu, Actor

Lucy Liu, Actor

Jennifer Lopez, aka Jennie from The Hood

Jennifer Lopez, Singer & Actor

Senator Harry Reid won reelection, thanks to Hispanics, Asians, and African Americans, by a margin of 5%. Hispanic citizens were 10% of the vote, with 66.7% voting for Reid.  According to the AP, on NPR, “Reid won two-thirds of the Hispanic vote” 80% of African-Americans and 75% of Asians.

(Note to Sharron Angle – like Asians and Hispanics generally, both Lucy Liu, on the left in blue, and Jennifer Lopez on the right in beige, have black hair and brown eyes. Even if I didn’t know who they were, I’d know the woman in blue is Asian and the woman in beige is Hispanic, or white-with-a-tan.) Continue reading →

Business News That's Fit To Print

There’s a lot in these articles, and a lot to read between the lines in these articles from the New York Times

– Business Section. (Between the Lines Concept 1

– the Business Section, not the Science

section.)

From E.U. Plan to Curb Carbon Dioxide Would Favor Solar Power

By James Kanter.

07energy_190“The European Commission is expected to introduce a plan to reduce greenhouse gas emissions that directs the largest slices of €50 billion available for research and development to solar power and capturing and burying emissions from coal plants.”

“But the plan also signals the need for a reordering of the bloc’s priorities by requiring governments to spend significantly greater sums of money on clean energy even as the world emerges from a deep financial crisis.”

  • 16 Billion Euros for Solar.
  • 13 Billion Euros for emissions capture and storage.
  • 11 billion Euros for enhanced urban efficiency.
  • 7 billion Euros for improving nuclear energy – produce less radioactive waste, minimize proliferation.

Between The Lines Concept 2: Euros 13 Billion for Emissions Capture and Storage – that’s a lot of money. Assuming they can make it work – Carbon Capture and Storage has never been done, and other coal waste storage is expensive and difficult. Kingston, Tennessee Coal Ash Spill – Nasa / National Geographic / Popular Logistics 1 / Popular Logistics 2

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