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What happened to all of the doom and gloom economic threads?
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mercury14
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In the last calendar year:
- The number of Americans working increased 1.45 million.
- During that time the number of Americans working part-time for economic reasons increased just 23k.
- The labor force participation rate decreased .3%. Venturing into imaginary Vette/BB land (which might as well be Narnia), if every single person leaving the work force in that .3% was in a part-time job, that would mean 46.5k people left part time work.
- So let's add that to the 23k and we get a value of 68.5k.
- Considering the labor force grew over the last 12 months by +787,000 and 1.45 million more people became employed, the best-conservative-fantasy scenario 68.5k figure is still absolutely nothing, representing a decrease in the percentage of Americans working part time.
Source: bls.gov
Busybody
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STOP THE BS
The numbers are BS
and will be even more BS
The Latest Contribution To US GDP: Promises... No Really
Sadly, we are not making this up: as part of the BEA's latest revision to the way it calculates GDP, the government will no longer count the amount of pension funding that is actually allocated to retirement accounts (counted as wages in the GDP calculation): i.e., an actual cash outlay. Instead, what the Bureau of Economic Analysis will count are corporate promises of how much companies will (may? might?) pay... eventually. The bigger the lie and the promise, the higher the GDP. And presto.
Elliott Management's Paul Singer explains this pathetic adjustment as follows:
We have commented in the past on government statistical fakery and fudges, in the inflation numbers, in employment and long-term budgeting. But recent changes to the national GDP accounts by the Bureau of Economic Analysis may “take the cake.” As part of the revisions, they change the way pension payments are counting in GDP. Previous to the change, when a company paid money into a pension plan, the money was counted as wages in the GDP calculation. After the change, what companies have promised to pay in the future, not what they are actually paying, will be added to GDP. This is fantastic. The bigger the unpayable promise made to unsuspecting retirees (promises that are not fully funded), the more GDP supposedly goes up!
Said otherwise, if US companies promise "infinity", GDP will grow by a comparable amount. At least in a thought experiment... Right?
The numbers are BS
and will be even more BS
The Latest Contribution To US GDP: Promises... No Really
Sadly, we are not making this up: as part of the BEA's latest revision to the way it calculates GDP, the government will no longer count the amount of pension funding that is actually allocated to retirement accounts (counted as wages in the GDP calculation): i.e., an actual cash outlay. Instead, what the Bureau of Economic Analysis will count are corporate promises of how much companies will (may? might?) pay... eventually. The bigger the lie and the promise, the higher the GDP. And presto.
Elliott Management's Paul Singer explains this pathetic adjustment as follows:
We have commented in the past on government statistical fakery and fudges, in the inflation numbers, in employment and long-term budgeting. But recent changes to the national GDP accounts by the Bureau of Economic Analysis may “take the cake.” As part of the revisions, they change the way pension payments are counting in GDP. Previous to the change, when a company paid money into a pension plan, the money was counted as wages in the GDP calculation. After the change, what companies have promised to pay in the future, not what they are actually paying, will be added to GDP. This is fantastic. The bigger the unpayable promise made to unsuspecting retirees (promises that are not fully funded), the more GDP supposedly goes up!
Said otherwise, if US companies promise "infinity", GDP will grow by a comparable amount. At least in a thought experiment... Right?
mercury14
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If the numbers are BS then you can't say the employment participation rate has declined. All you have is BS numbers to support that whackadoodle theory.
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Never underestimate the things that can be proven because Obama's. . .you know. A Democrat.
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Im sayng
based on what I posted JUST now
THEY ARE NOW ALL SUSPECT
and that is NOT the first time I showed how the GPAL POSTS have been WIDENED!
mercury14
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You didn't say suspect, you said BS. So you think that the declining workforce participation rate is BS. Okay fine, it's not declining.
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2001-2008, your side always screamed the NUMBERS were fudged, whenever they showed good
Now, I have posted multiple stories where the numbers indeed have been EXPANDED way beyond usual parameters
TO SHOW GOOD
WHEN THEY ARENT REAL:Y SO!
Now, I have posted multiple stories where the numbers indeed have been EXPANDED way beyond usual parameters
TO SHOW GOOD
WHEN THEY ARENT REAL:Y SO!
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Taxpayer-Bailed Out GM To Build New Cadillac Plant . . . In China…
Via Bloomberg News:
General Motors Co., the largest foreign automaker in China, said it won regulatory approval to build a Cadillac factory to boost sales of luxury vehicles in the world’s biggest automobile market.
The National Development and Reform Commission has signed off on the plant, which will be located in Shanghai’s Jinqiao zone, with construction beginning in June, Dayna Hart, a GM spokeswoman, said in an e-mail today. Investments will total at least 8 billion yuan ($1.3 billion) and annual production capacity will be 150,000 units, she said.
The plant would allow GM to avoid paying China’s 25 percent import tariff as it seeks to bolster Cadillac sales in the country. The move is part of Chief Executive Officer Dan Akerson’s plans for the luxury brand to compete with Bayerische Motoren Werke AG’s BMW and Volkswagen AG’s Audi.
Via Bloomberg News:
General Motors Co., the largest foreign automaker in China, said it won regulatory approval to build a Cadillac factory to boost sales of luxury vehicles in the world’s biggest automobile market.
The National Development and Reform Commission has signed off on the plant, which will be located in Shanghai’s Jinqiao zone, with construction beginning in June, Dayna Hart, a GM spokeswoman, said in an e-mail today. Investments will total at least 8 billion yuan ($1.3 billion) and annual production capacity will be 150,000 units, she said.
The plant would allow GM to avoid paying China’s 25 percent import tariff as it seeks to bolster Cadillac sales in the country. The move is part of Chief Executive Officer Dan Akerson’s plans for the luxury brand to compete with Bayerische Motoren Werke AG’s BMW and Volkswagen AG’s Audi.
mercury14
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Who did this?
Busybody
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Busybody
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Coming off the Clinton INTERNET crash and 9/11
Aug 1, 2003, Pelosi says
WHERE ARE THE JOBS MR PRESIDENT?
http://pelosi.house.gov/pressarchives/releases/Aug03/prWherearetheJobs080103.html
the JOBLESS RATE was 6.25
http://money.cnn.com/2003/08/01/news/economy/jobs/
why iz she not screeching now?
by Dec, 5.7%
http://www.doleta.gov/performance/charts/Unemployment_Jan03_09.cfm
where is PELOSI?
Aug 1, 2003, Pelosi says
WHERE ARE THE JOBS MR PRESIDENT?
http://pelosi.house.gov/pressarchives/releases/Aug03/prWherearetheJobs080103.html
the JOBLESS RATE was 6.25
http://money.cnn.com/2003/08/01/news/economy/jobs/
why iz she not screeching now?
by Dec, 5.7%
http://www.doleta.gov/performance/charts/Unemployment_Jan03_09.cfm
where is PELOSI?
mercury14
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Never heard anyone say they had evidence Bush was cooking BLS data. If they did they were wrong.
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never heard?
musta not have your hearing aid up
BTW, I assume you didn't see the THREAD I had up for you.....right?
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Top 10 States For Business All Led By Republican Governors…
Led by conservative economic powerhouse, Texas.
Via Washington Examiner:
http://weaselzippers.us/wp-content/uploads/Screen-shot-2013-05-07-at-11.24.30-AM.png‘Chief Executive,’ releases its ninth annual survey of CEO opinion about the best and worst states for business – and Republicans are governing in all of the top ten.
“In the minds of most leaders, a state’s friendliness is closely aligned with its tax and regulatory regime. Similarly, workforce quality also measures the perceived cooperativeness of workers with management, as well as the people’s general work ethic and education attainment,” the report write up states.
Led by conservative economic powerhouse, Texas.
Via Washington Examiner:
http://weaselzippers.us/wp-content/uploads/Screen-shot-2013-05-07-at-11.24.30-AM.png‘Chief Executive,’ releases its ninth annual survey of CEO opinion about the best and worst states for business – and Republicans are governing in all of the top ten.
“In the minds of most leaders, a state’s friendliness is closely aligned with its tax and regulatory regime. Similarly, workforce quality also measures the perceived cooperativeness of workers with management, as well as the people’s general work ethic and education attainment,” the report write up states.
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Number Of Americans Collecting Disability Hits Another All-Time High, Beneficiaries Now Larger Than Population Of Greece…
And 95% of these people will never work another day in their life, thankfully SSDI isn’t rife with fraud and abuse . . . no, wait?
(CNSNews.com) – The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece.
According to newly released data from the Social Security Administration, the record 10,962,532 total disability beneficiaries in April, included a record 8,865,586 disabled workers (up from 8,853,614 in March), 1,936,236 children of disabled workers, and 160,710 spouses of disabled workers.
According to its latest census, Greece had only 10,815,197 residents.
April was the 195th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.
And 95% of these people will never work another day in their life, thankfully SSDI isn’t rife with fraud and abuse . . . no, wait?
(CNSNews.com) – The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece.
According to newly released data from the Social Security Administration, the record 10,962,532 total disability beneficiaries in April, included a record 8,865,586 disabled workers (up from 8,853,614 in March), 1,936,236 children of disabled workers, and 160,710 spouses of disabled workers.
According to its latest census, Greece had only 10,815,197 residents.
April was the 195th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.
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The number of lazy lay-a-bouts collecting SSI when they are able-bodied and could be working is also at an all time high.
Busybody
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hey yo, CURRY
how do you feel being associated with THIS?
Good news from Sheila Jackson Lee: The Constitution implies a right to health care and education
Laugh if you must but it’s no goofier than the idea that “due process” implies a substantive right to kill a baby in the womb but not five minutes later, after it’s emerged.
Besides, Jackson Lee’s been consistent on this. Back in January 2011, right after the new Republican House majority was sworn in, she started arguing that repealing O-Care would amount to a deprivation of due process under the Fifth and Fourteenth Amendments. There’s a certain ruthless logic in her reaching for the Constitution right after the Democrats’ hold on power began to slip in hopes of putting her favored programs beyond the new majority’s grasp. And now she’s doing it again, conveniently just as the media’s filling up with stories about ObamaCare’s implementation maybe turning into a “train wreck.”
Speaking on the House floor, Jackson Lee said the right to these services can be read into the Declaration of Independence, which preserves the rights of Americans to life, liberty and the pursuit of happiness.
“One might argue that education and healthcare fall into those provisions of life, liberty and the pursuit of happiness,” she said. Jackson Lee also praised President Obama for fighting for these rights.
“I think that what should be continuously emphasized is the President’s leadership on one single point: that although healthcare was not listed per se in the Constitution, it should be a constitutional right,” she said.
How many Democrats at this point have been forced to resort to the Declaration of Independence for quasi-constitutional arguments to support O-Care because the actual Constitution doesn’t do much for them? Pelosi’s the most famous example, but John Lewis once went there too. It makes me nostalgic for the elegant simplicity of the “Commerce Clause lets us do anything we want, wingnuts” arguments before the Supreme Court ruling on the mandate last year. Friendly advice to Pelosi et al.: You can justify literally any policy, left or right, on grounds that it’s designed to enable the citizen’s “pursuit of happiness.” We should repeal Social Security and Medicare right now because eliminating payroll taxes and easing the debt burden on the public will make it easier for them to pursue their happiness. Good lord, even the “general welfare” provision in the Constitution’s preamble, as flimsy as it is as a basis for constitutional law, would at least put you in the correct document. If you’re going to try to strip Congress’s power to govern, at least make a rhetorical effort.
I can’t find video of Jackson Lee’s speech last night so here’s the video from 2011. The idea that “rights,” once granted by statute, can’t be removed constitutionally even by another duly-passed statute is true, at least, to the spirit of the Democrats’ one-way ratchet for the welfare state.
how do you feel being associated with THIS?
Good news from Sheila Jackson Lee: The Constitution implies a right to health care and education
Laugh if you must but it’s no goofier than the idea that “due process” implies a substantive right to kill a baby in the womb but not five minutes later, after it’s emerged.
Besides, Jackson Lee’s been consistent on this. Back in January 2011, right after the new Republican House majority was sworn in, she started arguing that repealing O-Care would amount to a deprivation of due process under the Fifth and Fourteenth Amendments. There’s a certain ruthless logic in her reaching for the Constitution right after the Democrats’ hold on power began to slip in hopes of putting her favored programs beyond the new majority’s grasp. And now she’s doing it again, conveniently just as the media’s filling up with stories about ObamaCare’s implementation maybe turning into a “train wreck.”
Speaking on the House floor, Jackson Lee said the right to these services can be read into the Declaration of Independence, which preserves the rights of Americans to life, liberty and the pursuit of happiness.
“One might argue that education and healthcare fall into those provisions of life, liberty and the pursuit of happiness,” she said. Jackson Lee also praised President Obama for fighting for these rights.
“I think that what should be continuously emphasized is the President’s leadership on one single point: that although healthcare was not listed per se in the Constitution, it should be a constitutional right,” she said.
How many Democrats at this point have been forced to resort to the Declaration of Independence for quasi-constitutional arguments to support O-Care because the actual Constitution doesn’t do much for them? Pelosi’s the most famous example, but John Lewis once went there too. It makes me nostalgic for the elegant simplicity of the “Commerce Clause lets us do anything we want, wingnuts” arguments before the Supreme Court ruling on the mandate last year. Friendly advice to Pelosi et al.: You can justify literally any policy, left or right, on grounds that it’s designed to enable the citizen’s “pursuit of happiness.” We should repeal Social Security and Medicare right now because eliminating payroll taxes and easing the debt burden on the public will make it easier for them to pursue their happiness. Good lord, even the “general welfare” provision in the Constitution’s preamble, as flimsy as it is as a basis for constitutional law, would at least put you in the correct document. If you’re going to try to strip Congress’s power to govern, at least make a rhetorical effort.
I can’t find video of Jackson Lee’s speech last night so here’s the video from 2011. The idea that “rights,” once granted by statute, can’t be removed constitutionally even by another duly-passed statute is true, at least, to the spirit of the Democrats’ one-way ratchet for the welfare state.
Busybody
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BTW, Zeke is a proponent of DEATH PANELS
Former White House Health Adviser: Obamacare Will Work Just Fine...by 2016
Peter Suderman|May. 7, 2013 3:38 pm
WhiteHouse.govWhiteHouse.govFor a good idea of how anxious Obamacare supporters are about the law's rollout, read former White House health adviser Ezekiel Emanuel's op-ed in The Wall Street Journal this morning:
Transforming the U.S. health-care system—which is larger than the economy of France—is one of the most daunting administrative tasks government has ever confronted. There will be bumps in the road; this is inevitable.
Setting up the exchanges will pose a host of technological challenges, such as digitally linking an individual's IRS information (which determines a subsidy level) to the insurance offerings in the individual's home area and to employment data—while simultaneously factoring in Medicaid eligibility.
Bugs in the computer software are bound to pop up, and the quality of the user experience will undoubtedly need improvement. Indeed, the Department of Health and Human Services has already improved the enrollment forms by reducing them to three pages from 21, and made them easier than the forms used by private insurers. But IT problems aren't the ones that should keep you up at night. Such glitches will be ironed out within a few years, and certainly by 2016 browsing your health-insurance exchange will be very much like browsing Amazon and other online shopping sites.
Got that? Obamacare's primary innovation—the health insurance exchanges—will probably work just fine...by 2016. This is not exactly confidence inspiring, and it suggests why some Democratic legislators are now openly worried about the law's implementation process.
As with a lot of what we're finding out about the law now, it would have been nice if the administration and its supporters had admitted this a few years ago. But "Let's pass Obamacare even though half its coverage expansion probably won't have much effect on health and the exchange technology will be dysfunctional for the first couple years" probably wouldn't have been as convincing an argument.
Former White House Health Adviser: Obamacare Will Work Just Fine...by 2016
Peter Suderman|May. 7, 2013 3:38 pm
WhiteHouse.govWhiteHouse.govFor a good idea of how anxious Obamacare supporters are about the law's rollout, read former White House health adviser Ezekiel Emanuel's op-ed in The Wall Street Journal this morning:
Transforming the U.S. health-care system—which is larger than the economy of France—is one of the most daunting administrative tasks government has ever confronted. There will be bumps in the road; this is inevitable.
Setting up the exchanges will pose a host of technological challenges, such as digitally linking an individual's IRS information (which determines a subsidy level) to the insurance offerings in the individual's home area and to employment data—while simultaneously factoring in Medicaid eligibility.
Bugs in the computer software are bound to pop up, and the quality of the user experience will undoubtedly need improvement. Indeed, the Department of Health and Human Services has already improved the enrollment forms by reducing them to three pages from 21, and made them easier than the forms used by private insurers. But IT problems aren't the ones that should keep you up at night. Such glitches will be ironed out within a few years, and certainly by 2016 browsing your health-insurance exchange will be very much like browsing Amazon and other online shopping sites.
Got that? Obamacare's primary innovation—the health insurance exchanges—will probably work just fine...by 2016. This is not exactly confidence inspiring, and it suggests why some Democratic legislators are now openly worried about the law's implementation process.
As with a lot of what we're finding out about the law now, it would have been nice if the administration and its supporters had admitted this a few years ago. But "Let's pass Obamacare even though half its coverage expansion probably won't have much effect on health and the exchange technology will be dysfunctional for the first couple years" probably wouldn't have been as convincing an argument.
mercury14
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Top 15 of US States by highest poverty rate
Let's see if there are any red states that made the list.
1. Mississippi 22.4% WTF ALMOST 1 in 4?!?!
2. Alabama 19.0%
3. Kentucky 19.0%
4. Arkansas 18.8%
5. Louisiana 18.7%
6. South Carolina 18.2%
7. West Virginia 18.1%
8. Texas 17.9%
9. Georgia 17.9%
10. Tennessee 17.7%
11. North Carolina 17.5%
12. Arizona 17.4%
13. Oklahoma 16.9%
14. Michigan 16.8%
15. Florida 16.5%
Source: US Census Bureau
Conservative economics: Fantastic for corporations. Absolutely devastating for actual people.
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