Well, isn't this fun? Here's a video of Nancy Pelosi being heckled by her own left-wing America-hating base. I guess Nancy, Harry, and Barry aren't ruining the country fast enough for these ass-clowns.
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Tuesday, June 8, 2010
Friday, June 4, 2010
Obama-nomics: Adds Jobs that Don't Produce Anything
A lot of liberals are scratching their heads wondering why the market didn't like today's jobs report, which featured almost a half-million new jobs. I mean, what could possibly be better than 450,000 new jobs for Americans? Well, for starters it would be nice if more than a small fraction of them were private sector jobs. It's estimated that more than 90% of the new jobs in today's jobs report were government jobs, mostly census workers. The problem with that is that these are the types of jobs that don't produce any economic benefit for anyone - they are profitless black holes of money if they are to be permanent, which, of course, these won't be.
I guess that's what I really fail to understand about the American left - they seem to be such fans of "sustainability," but they fail to acknowledge the concept when it comes to economics. A job that is sustainable economically is one that generates profits for the employer. The centralized, command economies of the cold war all imploded because of the socialist's failure to grasp that one simple concept, but sadly, no one who learned that lesson watching the Iron Curtain crumble is employed in today's White House. Today's job report was a real relief - but only for the delusional people who like Soviet-style command economies.
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Economy adds 431K jobs but few in private sector
Private hiring weak as census jobs lift payrolls by 431,000, jobless rate dips to 9.7 pct.
In this photo taken Thursday, June 3, 2010, job seekers line up to speak with potential employers during the ninth annual Skid Row Career Fair at Los Angeles Mission in Los Angeles. The nation's payroll grew by 431,000 last month, completely reflecting a burst of temporary census hiring by the government. Private payrolls grew at the slowest pace since the start of the year.(AP Photo/Adam Lau)
, On Friday June 4, 2010, 11:03 am EDTWASHINGTON (AP) -- Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work.
The Labor Department's new employment snapshot released Friday suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces.
That indicates the economic recovery may not bring relief fast enough for millions of Americans who are unemployed.
Virtually all the job creation in May came from the hiring of 411,000 census workers. Such hiring peaked in May and will begin tailing off in June.
By contrast, hiring by private employers, the backbone of the economy, slowed sharply. They added just 41,000 jobs, down from 218,000 in April and the fewest since January.
"Although the economic outlook is improving, the recovery is still pretty tepid," said Paul Ashworth, senior U.S. economist at Capital Economics.
President Barack Obama acknowledged that temporary census jobs drove the overall payroll gain. But he said private sector hiring is growing. He noted five straight months of job gains after devastating losses from the recession. He said the recovery is still in its early stages, and that it will be uneven in the months ahead.
"Things never go completely in a smooth line," Obama said during a speech Friday. "This report is a sign that our economy is getting stronger by the day."
However, Wall Street took the report as a disappointing setback. Many investors had grown optimistic in recent days that the economy was gaining strength and that would be reflected in the May employment data. They hoped a strong U.S. jobs report would put aside some concerns that Europe's debt crisis could upset the U.S. recovery. The weak private-hiring data sent a reminder that economic obstacles at home and abroad remain.
The Dow Jones industrial average tumbled about 180 points, or 1.8 percent, in midmorning trading.
As stock prices sink, consumers may become more reluctant to spend more. And if consumer spending falters, employers could become even more reluctant to ramp up hiring.
The unemployment rate, which is derived from a separate survey than the payroll figures, fell to 9.7 percent from 9.9 percent. The dip partly reflected 322,000 people leaving the labor force for a variety of reasons.
All told, 15 million people were unemployed in May.
Counting people who have given up looking for work and part-timers who would rather be working full time, the "underemployment" rate fell to 16.6 percent in May from 17.1 percent in April. That reflected fewer people forced into part-time work. Still, the high underemployment figure shows how difficult it is for jobseekers to find work.
The number of people out of work six months or longer reached 6.76 million in May, a new high. They made up 46 percent of all unemployed people, also a record high.
Employers across a range of industries last month added jobs at a slower pace -- or cut them. Factories, professional and business services, leisure and hospitality companies, and education and health care firms all slowed hiring. Financial services, construction companies and retailers all pared jobs. Government, however, led the way in hiring, adding a whopping 390,000 positions last month.
Job gains in April were the same as first reported, while payrolls in March were slightly less -- 208,000 versus 230,000.
The prospect of persistently high unemployment is likely to prevent consumers from going on the kinds of shopping sprees they typically do during early phases of recoveries. That's a key reason why this recovery isn't as energetic as those usually seen in the past.
Workers did see wages rise modestly last month.
Nationwide, average hourly earnings rose to $22.57, from $22.50 in April. However, inflation was nibbling into paychecks. Over the past 12 months, wages rose 1.9 percent, while inflation was up 2.2 percent.
The unemployment rate in October hit 10.1 percent, a 26-year high. Some analysts think it could go a bit higher and peak at 10.2 or 10.4 percent by June. However, that's lower than some forecasts earlier this year of 11 percent.
About 125,000 new jobs are needed each month just to keep up with population growth and prevent the unemployment rate from rising.
Hiring isn't expected to be consistently strong enough to quickly drive down the unemployment rate this year. Economists think the rate will remain above 9 percent by the November midterm elections. That could make Democratic and Republican incumbents in Congress vulnerable.
Only 20 percent of Americans consider the economy in good condition, according to an Associated Press-GfK Poll conducted in mid-May.
Chrysler LLC said and Ford Motor Co. last month announced plans to hire as auto sales have risen. But others are still laying off workers. Hewlett-Packard Co. said this week it is cutting 9,000 jobs in its technology services division. And chocolate-maker Hershey Co. may cut 600 jobs.
Economy adds 431K jobs but few in private sector
Private hiring weak as census jobs lift payrolls by 431,000, jobless rate dips to 9.7 pct.
In this photo taken Thursday, June 3, 2010, job seekers line up to speak with potential employers during the ninth annual Skid Row Career Fair at Los Angeles Mission in Los Angeles. The nation's payroll grew by 431,000 last month, completely reflecting a burst of temporary census hiring by the government. Private payrolls grew at the slowest pace since the start of the year.(AP Photo/Adam Lau)
, On Friday June 4, 2010, 11:03 am EDT
WASHINGTON (AP) -- Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work.
The Labor Department's new employment snapshot released Friday suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces.
That indicates the economic recovery may not bring relief fast enough for millions of Americans who are unemployed.
Virtually all the job creation in May came from the hiring of 411,000 census workers. Such hiring peaked in May and will begin tailing off in June.
By contrast, hiring by private employers, the backbone of the economy, slowed sharply. They added just 41,000 jobs, down from 218,000 in April and the fewest since January.
"Although the economic outlook is improving, the recovery is still pretty tepid," said Paul Ashworth, senior U.S. economist at Capital Economics.
President Barack Obama acknowledged that temporary census jobs drove the overall payroll gain. But he said private sector hiring is growing. He noted five straight months of job gains after devastating losses from the recession. He said the recovery is still in its early stages, and that it will be uneven in the months ahead.
"Things never go completely in a smooth line," Obama said during a speech Friday. "This report is a sign that our economy is getting stronger by the day."
However, Wall Street took the report as a disappointing setback. Many investors had grown optimistic in recent days that the economy was gaining strength and that would be reflected in the May employment data. They hoped a strong U.S. jobs report would put aside some concerns that Europe's debt crisis could upset the U.S. recovery. The weak private-hiring data sent a reminder that economic obstacles at home and abroad remain.
The Dow Jones industrial average tumbled about 180 points, or 1.8 percent, in midmorning trading.
As stock prices sink, consumers may become more reluctant to spend more. And if consumer spending falters, employers could become even more reluctant to ramp up hiring.
The unemployment rate, which is derived from a separate survey than the payroll figures, fell to 9.7 percent from 9.9 percent. The dip partly reflected 322,000 people leaving the labor force for a variety of reasons.
All told, 15 million people were unemployed in May.
Counting people who have given up looking for work and part-timers who would rather be working full time, the "underemployment" rate fell to 16.6 percent in May from 17.1 percent in April. That reflected fewer people forced into part-time work. Still, the high underemployment figure shows how difficult it is for jobseekers to find work.
The number of people out of work six months or longer reached 6.76 million in May, a new high. They made up 46 percent of all unemployed people, also a record high.
Employers across a range of industries last month added jobs at a slower pace -- or cut them. Factories, professional and business services, leisure and hospitality companies, and education and health care firms all slowed hiring. Financial services, construction companies and retailers all pared jobs. Government, however, led the way in hiring, adding a whopping 390,000 positions last month.
Job gains in April were the same as first reported, while payrolls in March were slightly less -- 208,000 versus 230,000.
The prospect of persistently high unemployment is likely to prevent consumers from going on the kinds of shopping sprees they typically do during early phases of recoveries. That's a key reason why this recovery isn't as energetic as those usually seen in the past.
Workers did see wages rise modestly last month.
Nationwide, average hourly earnings rose to $22.57, from $22.50 in April. However, inflation was nibbling into paychecks. Over the past 12 months, wages rose 1.9 percent, while inflation was up 2.2 percent.
The unemployment rate in October hit 10.1 percent, a 26-year high. Some analysts think it could go a bit higher and peak at 10.2 or 10.4 percent by June. However, that's lower than some forecasts earlier this year of 11 percent.
About 125,000 new jobs are needed each month just to keep up with population growth and prevent the unemployment rate from rising.
Hiring isn't expected to be consistently strong enough to quickly drive down the unemployment rate this year. Economists think the rate will remain above 9 percent by the November midterm elections. That could make Democratic and Republican incumbents in Congress vulnerable.
Only 20 percent of Americans consider the economy in good condition, according to an Associated Press-GfK Poll conducted in mid-May.
Chrysler LLC said and Ford Motor Co. last month announced plans to hire as auto sales have risen. But others are still laying off workers. Hewlett-Packard Co. said this week it is cutting 9,000 jobs in its technology services division. And chocolate-maker Hershey Co. may cut 600 jobs.
Join: Email UpdatesThursday, June 3, 2010
Racism: Bad, Except When It Isn't
"Does this make you uncomfortable? Does an all white swim meet make you uneasy and raise the specter of racism? Is it wrong to have an all white swim meet?"
It’s smiles all around for the National White Heritage Swim Meet held since 2003 near Raleigh, Durham North Carolina. This year nearly 750 swimmers have come from as far away as Florida and Illinois to compete.
“Look at all the people,” said Kenny Cross of Raleigh. “This is where champions are born.”
The all white swim teams were created in an effort to raise interest in swimming in white people. Of course, everyone is welcome….
Wait. Does this make you uncomfortable? Does an all white swim meet make you uneasy and raise the specter of racism? Is it wrong to have an all white swim meet?
Only they aren’t… all white, I mean. They are instead all black.
Still feel the same way?
If not, why?
It never ceases to amaze me that we can have all black things without raising anyone’s ire. We can have all black colleges, all black beauty contests, all black sports venues, all black political caucuses, all black… well, all black anything. Yet the second a white group tries to practice such racial segregation suddenly we are rehashing the Civil War.It is a never ending source of fascination that blacks can practice all the racism they want in America but if anyone else tries it we get news vans parked outside their building and politicians racing to be first on TV to sternly denounce such abominations.
Yet, I don’t have any interest at all in condemning an all black swim meet. These are all free citizens and if they want to compete at a venue of their own creation, why should anyone mind?
Of course, it isn’t like blacks have been prevented from joining swim teams since all the way back in 2003 and this is sensible redress, either. But, whatever.
I do have a major problem with this story, though, and it was the above quote from young Kenny Cross of Raleigh. He said, “This is where champions are born.”
That they have fooled this young man into imagining that “champions” can come from a segregated event that is not filled with the best and brightest from every walk of life is a shame. Does this young man really think that only his black friends amount to “champions”? Does he think no other races could become champions?
The thing is, these kids are not competing against the best of all swimmers, they are merely competing with the best from their own small racial block. This is NOT how champions are made. Champions are made through wide spread competition and limiting yourselves to only specific blocks of people is not the way to create champions.
Still, the story is an interesting dichotomy in America today. The fact is, racism is bad… except when it isn’t.
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Video: CO Dem Says White House Offered Job to Quit Senate Race
Here's a video of Colorado Democrat Andrew Romanoff saying the White House offered him a job to quit the Senate race. I'm pretty sure Obama's team knows this is illegal.
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Tuesday, June 1, 2010
NJ Gov. Chris Christie vs. Teachers Unions
New Jersey's round mound of economic rebound is on the case, telling a complaining teacher what's what. Governor Christie is quickly becoming a real hero to New Jersey taxpayers. We need a guy like him in New York.
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