Saturday, August 25, 2012
UNEMPLOYMENT: "We Tried Our Plan, and It Worked...."
The only problem for President Obama and his economic team is that too few Americans chose to exit the U.S. civilian labor force as they desired. In order to have achieved their goals, they would have needed to remove an additional 2% of the U.S. working age population from the ranks of the nation's civilian labor force.Well, almost worked. Those obstinate Americans kept looking for work rather than drop out of the workforce altogether as Obama expected them to.
That would be on top of the 2% of the U.S. working age population that they successfully removed from the U.S. work force since January 2009. With the current civilian labor force participation rate standing at 63.7%, that additional 2% reduction in the number of Americans in the civilian labor force works out to be roughly an additional 4.9 million people.
What can we say? Apparently, the President and his team have decided that culling the U.S. work force is a lot easier for them to do than generating real job-creating economic growth.
UNINTENDED CONSEQUENCES: Obama’s Solar Panel Tariffs Threaten To Destroy An American Business. I doubt Romney's position on China trade is any better, but his business acumen may be enough for him to think through the consequences.
BREAKING NEWS: Astronaut Neil Armstrong dies at age 82.
UPDATE: the Fox News story is here.
When Armstrong and Aldrin landed on the moon in 1969, my wife and I were newly married, living in Waianae, Hawaii. We watched the landing in our living room on a Sony MicroTV (4-1/2 inch diagonal screen) which I had bought years earlier while I was working in Okinawa. I still have the TV, although it hasn't worked in years.
UPDATE: the Fox News story is here.
When Armstrong and Aldrin landed on the moon in 1969, my wife and I were newly married, living in Waianae, Hawaii. We watched the landing in our living room on a Sony MicroTV (4-1/2 inch diagonal screen) which I had bought years earlier while I was working in Okinawa. I still have the TV, although it hasn't worked in years.
SKUNK WORKS ENGINEERS develop a laser-powered drone aircraft. I was lucky enough to be able to work at the Skunk Works for several years.
REPUBLICAN CONVENTION may not mean 'tea' time.
The media (and liberals generally) are missing the point. Unlike Occupy Wall Street, the Tea Party is not just a bunch of people dressing in funny clothes protesting in the streets in cities across America, it is a serious, long-term, low profile effort to change the direction of America.
The media (and liberals generally) are missing the point. Unlike Occupy Wall Street, the Tea Party is not just a bunch of people dressing in funny clothes protesting in the streets in cities across America, it is a serious, long-term, low profile effort to change the direction of America.
“The purpose is to legally nominate their candidate,” Jenny Beth Martin, co-founder of the Tea Party Patriots, told FoxNews.com. “Tea Party Patriots are far more concerned about what laws are going to be passed than what they’re doing at a party in Florida and Charlotte.”Exactly.
“As long as our values are represented, we are making an effect. What we will be happy about is when bills are signed into law that repeal the president’s health care law, and when the budget is balanced and when we’re on the road to recovery,” she said. “The convention is just a very small step along the way.”
THE HOPE & THE CHANGE: coming soon to the Republican convention. It is a documentary of 2008 Obama voters who have since changed their minds and will vote for Romney in 2012. I saw an excerpt on Hannity last night. The most powerful moment was when one of the voters said of Liberals "they keep telling us what we think."
Here's an excerpt from the show.
Here's an excerpt from the show.
Subscribe to:
Posts (Atom)