Tag Archives: unemployment

Did he really say that?!

As if we needed more evidence that Liberals Liberals fail at basic economics, we have the President of the United States saying this:

There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate.  Barack Obama

That is an epic FAIL on so many levels.  It isn’t a structural issue, it is a foundational and wonderful element of our capitalistic economy.  The unemployment rate didn’t nearly double because of ATMs (and despite wasting a trillion dollars trying and failing to keep it below 8%).  It is a pathetic attempt for him to avoid responsibility.

Why is a “progressive” like Obama so opposed to progress?  Does he think that his beloved teleprompters pre-dated agriculture?  No, they exist because people took risks, worked hard and were rewarded for creativity and automation.

He should be embarrassed, and the media should mock him until their throats (TV and radio) and fingertips (print) are raw.  Using his “logic,” we’d have higher employment if it weren’t for advancements like ATM machines.  Ignoring the jobs of those who make, install, maintain, and write software for these machines, does Obama think that other countries won’t continue to automate even if we stopped?  If businesses don’t automate then costs go up compared to other countries and we lose even more jobs.  You could require that all cars be made by hand, but would anyone ever buy a U.S. car over an inexpensive and higher quality foreign model?

I say without exaggeration that I’ve taught Junior Achievement classes to 7th graders who understand basic economic principles better than him.  There was an exercise asking if you should automate your bike factory to save money and improve quality, even though it would reduce jobs.  Many kids initially opposed this because they forgot about the other bike makers.  When I pointed out that without automation everyone would eventually lose their jobs, they realized the benefits of progress.

As Stacy McCain adds in Pointing Out the Obvious: They Don’t Teach Economics at Harvard Law School : The Other McCain:

The president is attempting here to offer a simplistic explanation of the difference between cyclical unemployment and structuralunemployment. As important as that distinction is, however, it fails to explain many obvious things about this recession.

Unemployment isn’t at 9% because of out-of-work bank clerks and airline ticket agents. Unemployment is most severe in construction trades and other housing-related sectors. Whatever else Obama’s policies have done, they have not led to a meaningful recovery of the housing market and, one might easily argue, have made things much worse. Why? Because for two years, the administration and Democrats in Congress did everything possible to impede the foreclosure process, to keep deadbeats in homes they can’t afford. This has slowed re-sales, prevented mortgage lenders from cutting their losses on bad loans and, in general, hindered the kind of price “re-set” necessary to making the housing market efficient again.

Something else: The recession is not equally bad everywhere. Why is unemployment nearly 12% in California but less than 6% in Oklahoma? Don’t people in Oklahoma use ATMs and automated airline ticket kiosks?

I could go on and on, but it is such a shooting-fish-in-a-barrel topic.  If only the Left could see how intellectually bankrupt and counterproductive Obama’s economics are.  The youth who voted for him are starting to see it (their vision seems to be better when standing in the unemployment line rather than at his “hope and change” speeches).

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If you want to see something delusional, watch the head of the Democrat National Committee claim that Obama has turned the economy around.  Uh, yeah, sure, 9.1% unemployment, skyrocketing deficits and debt, gas over $4 a gallon (which was Bush’s fault when he was in office but apparently a good thing when Obama is in power, because it reduces global warming blah blah blah), etc.

Also see Obama Puts Unions Ahead of a Healthy Economy, Free Trade for an example of why it is hard to believe he even wants to reduce the unemployment rate.

False teachers as bad at economics as they are at theology

Oh my.  Can false teacher Chuck “Jesus is not the only way” Currie and the White House be this bad at basic reasoning or are they deliberately lying again?

Since the Affordable Care Act was signed into law, the economy has created over 1 million private sector jobs.  The unemployment rate is 9.4%, lower than it was in March 2010—9.7%.

In the period during and right after the enactment of the law, the economy grew by 2.7%.

via Tell Congress To Support The Affordable Care Act: Protect Coverage; Don’t Drive Up Deficit.

The health care bill was an un-Constitutional travesty brought about the multi-hundred million dollar bribes.  It has and will reduce care and increase costs.  Hundreds of exceptions have already been granted, presumably to the highest bidders.

But in addition to that, Chuck & Co. confuse correlation with causation.  I just listed two bullets but the post has more.  How deceptive or moronic due you have to be to conclude that 100% of the changes in the economy are due to a bill that hasn’t even been fully implemented?

I’m going to have to assume it was dishonesty.

A big part of the problem

Listen to the President talk about why he would raise capital gains tax rates even though cuts by Clinton and Bush both increased revenues.

Amazingly enough, the liberal commentator Charles Gibson knows and tells the truth about what happens when the capital gains tax rate is reduced:

History shows that when you drop the capital gains tax the revenues go up.

But note how Obama ignores the facts and says he wants “fairness,” as if having a higher rate for those evil rich people will make things more “fair,” even though there will be less tax revenues to fund his liberal projects.

As I said in Jobs!!! Part one, here’s a huge part of the problem: Are You Smarter Than a Fifth Grader?  Self-identified liberals and Democrats do badly on questions of basic economics.  The video is just more evidence of that, not to mention the failure of putting Utopian ideals above financial facts.

And you wonder why unemployment is so high?  It is just like when ideology and feel good finger-pointing unnecessarily cost tens of thousands of jobs with the offshore drilling moratorium.

Hat tip to TNWAHM via Hillbuzz for the video

Seeking God in tough times

Are people turning to religion for comfort in these tough times?

I make it a point not to claim that God is doing this or that at a specific point in time for a specific reason.  I know He is completely sovereign but it is a fairly large and complicated world to go around insisting exactly what He is doing at a point in time. 

But I agree that we rely on ourselves too much during good times.   And I know that God can use all sorts of situations to reach people.  As C.S. Lewis said, God whispers to us in our pleasures, speaks to us in our conscience and shouts to us in our pain.  My goal is to listen carefully so I can hear the whispers.

Let’s face it, if you’ve seen how most of the world lives you realize that economically speaking we’re always having good times in the U.S. In the eyes of most of the world we live in God’s backyard. Plentiful food, great shelter, lots of clothes, clean water, etc. — all the time. But we aren’t more joyful, in general. We get accustomed to what we have and whine the second we lose even a little bit of it.

The poor of the world would love to switch places with us. They could increase their standard of living more than tenfold and still not take on the ridiculous consumer debt that so many people burden themselves with.

It is always a good time to seek God.  But if people are only doing it because they have a temporary drop in creature comforts then I doubt that is the right reason to have a fully restored relationship with him.