Sunday, September 27, 2009

The Sky is Falling

Creating crisis is the specialty of this administration. Failure to examine and question statistics will always lead you down the rabbit hole and into Obamaland. How about this one that caught my eye:

Unemployment of Young Reaches Record 52.2%

How about that? When the country is supposedly reeling under record unemployment of 9.7% we've got a demographic with more than half out of work. But, wait a sec. What is "young people"?

The parameter is aged 16-24 years old. But aren't 16, 17 and a large chunk of 18 year olds still in high school? Aren't they, by definition, unemployed because they are full time students? They might have a small part-time job, but they sure shouldn't be factored into unemployment statistics.

Then I really love the clarity of this analysis by a former Secretary of Labor under Reagan:

Angrisani said he believes that Obama's economic team, led by Larry Summers, has a blind spot for small business because no senior member of the team -- dominated by academics and veterans of big business -- has ever started and grown a business.

Well, bless my capitalist soul. You could really say that about the entire administration couldn't you? Never started and grown a business?

But, get a load of the solution proposed. It is an embarrassment and an indictment of how we have deteriorated to have a former Reagan executive come out with this:

"They should carve out $100 billion right now and create something like $5,000 to $6,000 job credits that would drive the hiring of young, idled workers by small business."

Ronaldus Magnus would have fired him outright for that. "Carve out" a $100 BILLION to artificially create jobs when private business isn't hiring. The essential fact is that the phony unemployment horror story is about people who aren't really breadwinners who don't have jobs because they aren't qualified to do anything! Business that needs workers will hire workers without any carved out federal money. They will hire workers who have skills to work.

When people stop throwing up their hands in horror at bogus crises and justifying federal government expenditures to artificially put fish in the ponds we'll have economic recovery. So long as we expect billions to be carved out of something and distributed to make it "all better" we shall be in dire straits.

1 comment:

Zebra said...

Amen to that. My son is one of those unemployed toads. He got sacked from his job, primarily because of his mouth.....not because there was a downturn in the business. So he moved back down to Illinois and into our house. He lives rent free, gets his meals free and pulls in $400 a week from unemployment. He can take unemployment for one year. There is not much motivation to go look for a job when you are pulling in that kind of money just sitting on your arse and playing on the computer. Is he included in those figures?????

When his unemployment runs out, I'll have to send him to Acorn so they can give him some tips on how to set up a brothel.