Framing the Dialogue

Posts Tagged ‘economy’

2011 Top Ten News Stories

I hesitate to call my list “news stories” because many of them have not been covered by the Obama-media because they would make the liberal administration look like the miserable failure that it has been.  On with the list.

  1. The Economy:  If you look past the cheerleading reporting that the recession is over and jobs are being created, and a falling unemployment percent, you might just see how bad things still are.  I don’t remember a time where I have sweated my employment for so long.  I am not consumed, but the gnawing feeling is always there in the background.  As of November 2011 the U6 Unemployment (U-6 = Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force) rate is 15.6 percent. 

Whine & Jeez

Some quick predictions about Obama’s “State of the Union” speech tonight…

There’ll be plenty of WHINE:

  • I inherited massive debt from you know who
  • I inherited a really poor economy
  • I inherited four trillion dollars in debt
  • I inherited two unpaid for wars
  • You should pay no attention to the massive debt that I have incurred
  • It would be a lot worse if I hadn’t done what I did (try and prove otherwise)
  • 9 out of 10 economists agree with me (I ask the ones in the White House every day – it’s really 10 of 10, but I wanted to make it real)

Return to Prosperity

I often wonder how political “leaders” can look at a problem and see such divergent paths to remedy the situation. In my adult life, this period is the worst that I have encountered. I don’t care that pundits say that the “recession is over” because it doesn’t feel that way to me or my wallet. Author Arthur Laffer provides an in-depth look at the state of the economy and gives a pretty detailed prescription for bringing America out of the blackness (redness if you are an accountant). Return to Prosperity should have used this quote from one of our presidents very early in the book,

Anyone Can Do It When It’s Dry

I spent part of my career working as the environmental manager for a large waste firm. I was part of a new management team that was coming into an older landfill facility that had a less than stellar reputation. When I considered leaving and taking the position I asked a colleague about the company and facility since he worked with them a lot his advice was that “they could sure use the help.” I took the challenge and spent nearly eight years with the company.  Most times I likened my days to what a surfer must feel like with a big wave.  I always had my day planned, but once I got on that wave it took me places that I had not planned.

Wimpy Washington Economics

“Top Democrats and Republicans in Congress prepared new proposals to avert a government debt default and a potential global financial crisis.”

That’s the lead paragraph from a story in today’s paper.  What should scare you is when Democrats and Republicans agree on something the public generally gets screwed.  I believe that both sides realized that they set up this “battle” and now that the public is watching they are not sure how to get out from all of the rhetoric that they have been spreading.  What both sides agree on is that they both want desperately to get re-elected and regain power.  Even a little power is better than none and they are more than willing to squander our money, our children’s money, and our grandchildrens’ money to maintain their power.  Here are few facts as I see them:

Phrase-e-ology – The New Normal

Many times as I read an article I find a few sentences that capture the essence of the piece.  In “Phrase-e-ology” I’ll post some thought followed by key phrases.  As always I’ll have a link (in blue) to the original article.

The latest episode of Phrase-e-ology is from the business section and was startling in that it seems to be making the case for the sluggish recovery as the “new normal” rather than the direct result of bad economic policy from the Obama White House.  As if this is now how we should expect recoveries to unfold.  Even as Obama’s economic advisers abandon his ship for academia (they’re much better at theory than reality) the “new normal” may actually be some sub-standard level that he can actually achieve…as long as he can fool the electorate that they are doing better…

Less Power To The People

It seems like just yesterday that I wrote about how Obama’s Administration and Czars are prodding us back to living like the early days of our nation.  Actually that is not true they are prodding us to become like some small European nation even though our country is more vast and our populations are more spread out.  Our slow decline into European living took another step today as American Electric Power (“AEP”) announced that in order to comply with EPA emissions standards they will be shutting down five power stations and spending up to $8 billion to upgrade some remaining plants.

Update – One To Watch

A little over two weeks ago I wrote, excitedly, about a potential Republican candidate for president in 2012.  Jon Huntsman had resigned as Ambassador to China and started an exploratory committee to seek the GOP nomination.  Huntsman seems to have the right credentials for a Republican nod, but a few on the right are already criticizing both his cozy ties with Obama and China.  I have pretty much given up on having another Ronald Reagan at the helm of the Republican Party and because I live in Pennsylvania with its late primary election date, the candidates are usually chosen.  Huntsman or perhaps more for me his father seemed a likely middle ground.

S.S. Obama

Just sit right back and you’ll hear a tale,

A tale of a fateful trip

That started from this Mid East port

Aboard a tiny ship

The Obama administration, in yet another example of a long string of leadership failures, has jumped in to the fray to rescue United States citizens stuck in Libya amid the rioting. For this White House the reaction was fairly rapid if not effective as the ship that they chartered to haul away our fellow Americans was far too small to handle the number of people and the rough seas and was unable to leave the port. Could have happened to anyone you say and I suppose that is true, but the Greeks and the Turks had the foresight to get a proper boat. No disrespect to those nations, but we should have done better.

Demonomics

I am not sure whether “Demonomics” is Demon Economics or Democrat Economics.  It is probably a distinction without a difference as some of the recent comments by leading Democrats defy logic.  I have to wonder how these people not only got as far as they did, but stay in positions of power.  Perhaps the biggest example has been how the Democrats have been hawking another extension of Unemployment Compensation payments.  House Speaker Nancy Pelosi postulated that,

“It injects demand into the economy.  It creates jobs faster than almost any other initiative you can name.”