Stop Lying about the Economy


Judge Judy had a little saying which I’m sure wasn’t original: “Don’t pee on my leg and tell me it’s raining.” Well, by my way of thinking, The Experts who compile and release data have been peeing on our heads and telling us what a good thing golden rain is!

When Wal-Mart’s CEO says their shoppers are running out of money, things are bad. Seriously. Wal-Mart, for pity sake.

Unemployment is a serious problem. In fact, there’s one job for every 4 unemployed job seekers. That means that even if by some miracle we were able to fill every job vacancy with someone currently unemployed, we still couldn’t get unemployment down below 7%. And more people file for unemployment every week. Nevertheless, instead of doing anything that might create desperately needed jobs, Congress is hell-bent on slashing the deficit created by the Bush tax cuts. Never mind that creating jobs would be creating employees who earn an income and pay income tax.

Over a quarter of renters are paying more than half their income on housing — a number that should alarm anyone with a passing familiarity with the rental industry. This is despite the fact that “multi-generational housing” — double-speak for “I had to move in with the kids/parents” — is “hot.”

So now GDP growth has “slowed.” I still contend that if inflation were calculated fairly, we wouldn’t have had much in the way of “growth” in a decade. How can we have “growth” when so many people are jobless, underemployed, not even looking for work anymore, losing their homes, losing their savings, losing their retirement plans, not even having enough money to shop at Wal-Mart anymore? I bet it has a lot to do with companies like Exxon, Pepsi, and Microsoft having great earnings. These are large, multi-national businesses that earn money — and have workers — in many countries. Offshoring jobs is only part of the story. Remember, earnings season is just starting, so expect a lot more of these happy-Wall-Street stories.

I would be remiss if I didn’t mention the trade deficit. Granted, that’s already figured into GDP, so you can’t blame it for manipulating GDP, only causing a decline. That $45 thousand million dollars represents money that used to be in America, that is now in other nations, raising their standard of living. In one month! And do not forget that this number is as high as it is because here in America, we no longer make many things more durable than a latte.

So sure, the economy is great if you are a large corporation, or wealthy. To the rest of us, that golden rain is just someone else’s pee.

In closing: taking personal responsibility to it’s illogical extreme; better apply for that passport now; amen, CSM; on nutrition; Ezra comes >< this close to blaming the media for the Birthers; how come if ObamaCare is so bad, Republicans want to dismantle Medicare in favor of something just like it?; being poor is hazardous to your lifespan; you never know when you might spot something new; let me save you some time; more on student loans; and yeah, that will help.

Didn’t Even Need Scooby Doo

Ladies and gentlemen, the reason that GDP looks fine while to the rest of us the economy looks like a rusted out Ford Escort with a leaky power steering pump and a transmission that slips now and then: A typical hedge fund manager, in just one hour, “earns” what it would take you or I 47 years to accumulate. And at the end of the day, he doesn’t even make anything as useful or durable as a latte. After all, he did not cause the money he “makes” to come into being, only to come into his pocket. Even better yet, if you were to close one simple tax loophole, the top 25 of them would pay an additional $4,400,000,000 in taxes.

When even the IMF notices that we’ve got an income inequality problem in this country, you know it’s really bad.

In Closing: even Republicans think it’s a bad idea to slash Medicare; yeah, that could be why they’re fat; truly sad; stereotype theatre; I notice that sunshine and fortified milk are not on this list; the long version; riffing on a theme; caffeine!; oh yeah, that‘s gonna help; truth; incompetent photoshop tricks; better than it could have been; just in case you ever wondered what they ate; soldier fitness; have a Koch and a smile.

Ignore Them

I am completely disgusted with pretty much all politicians, and even more so with politicians that try to position themselves as “I’m a [insert noun] first, not just another politician.” Those ones are dangerous because half the time they don’t understand what the heck they are dealing with. I’m talking to you, Dr. Joe Heck!

I’m tired of politicians who think we can balance the budget without increasing taxes.

I’m tired of politicians who think we can balance the budget without addressing our 2 1/2 wars.

I’m tired of politicians who think that just because I’m not 55 yet, I just need to kiss Social Security goodbye.

I’m tired of politicians who are so ignorant of history that they think there can be a “private sector” solution to Medicare.

I’m tired of politicians who use the phrase “death tax,” when only a few thousand people will ever pay it.

I’m tired of politicians who use coded words to whip the ignorant into a frenzy. (“Domestic enemy”? Why not just call him Satan or the Anti-Christ? What a shame that you really mean he’s an “uppity ******”!)

And most of all, I’m tired of the other politicians who won’t call them out on this nonsense. Don’t even get me started on the media that lets them lie on the air and call it the truth.

Go ahead. Close down the government. Do it! Do it right at “tax day” and completely screw yourselves.

In Closing: defense; a man and his boat; two takes on dessert sushi; WHY??; if you won’t stop for humane reasons, or justice reasons, how about fiscal reasons?; about time; I like Kathy; it’s all about cheap labor; gaming inflation through housing prices; if you haven’t heard about the real Tea Party yet, watch it today; resist BAMTOR; I knew this would happen! Throw the book at them!; and a picture of a random cat. If anybody knows the source, put it in comments so I can attribute it:

Canibal Shorties

Pesky Government Regulations: Saved lives.

A question of scale: Nope, not toys. It does make you wonder how big a quake caused this.

Tell me why we do this every Spring and Fall again: Not even cows like Daylight Savings Time.

They say they want to save money, then they prevent us from doing it: comparative effectiveness review and Medicare.

Doin It Live!: Public database for safety complaints.

Seriously?: Apparently I live in a dangerous Spring Break destination. Sorry, I’m not feeling it. Oh, I should probably say something about the Sahara closing down in a couple of months, but I’ll let Steve do it.

I love seeing a genuine economist say this: “Ayn Rand Is Full of Crap.” He has to point out that she wrote fiction.

That’s a real diet buster: It’s easier than you might think to eat a 2000 calorie meal at In-N-Out.

We’re off to a great start: 31 Most Ridiculous Quotes of 2011 So Far.

A New Political Party?: The People‘s Party.

Granny’s gonna live longer anyway: on the demographics of the employed and unemployed.

So Be It?: We may have added 222,000 private sector jobs last month, but massive government budget cutting may delete 710,000 old jobs. Can we afford that kind of budget cutting?

Wasn’t Universal Failure the Goal?: 82% of public schools may eventually be “failing,” even ones that by every other measure perform well. That’s what happens when “better” is your only goal.

A Nobel Winning Economist Isn’t Good Enough: for the Federal Reserve.

Flashbang: Potentially deadly against cops, deadly against suspects, deadly against the innocent.

She’s baaaaaack!: Sharron Angle.

Confused: If terraists can allegedly turn the oxygen masks in a plane into a weapon, why can’t terraists do it from their seats?

Only in Vegas: Ladies and gentlemen, the Chip Monk.

Oh Sharron.

I hate to waste a lot of space on a Senate race, but this is Harry Reid we are talking about. Since he is the Majority Leader of the Senate, and it is polite to say that our other Senator is “embattled,” this is a big deal.

Senator Reid’s opponent, Sharron Angle, has really been saying some interesting things.

I think the most mind-boggling thing she has said is that the “Reid agenda” violates the First Commandment (that’s Commandment, not Amendment):

And these programs that you mentioned — that Obama has going with Reid and Pelosi pushing them forward — are all entitlement programs built to make government our God. And that’s really what’s happening in this country is a violation of the First Commandment. We have become a country entrenched in idolatry, and that idolatry is the dependency upon our government. We’re supposed to depend upon God for our protection and our provision and for our daily bread, not for our government. And you’ve just identified the real crux of the problem.

Now, for context, she did say this on a Christian radio show. Her comments were intended to reach a very particular audience: one that takes the Bible very literally. Ok, literally except for the keeping Kosher part that is outlined later in the book of Exodus. It would be interesting to know when she last fed the hungry, gave water to the thirsty, clothed the naked, invited in strangers, looked after the sick, or visited those in prison.

But somehow she seems to think — and since this was all said during the primaries, I am inclined to think it’s pretty close to what she does believe — that Social Security Insurance payments, Unemployment Insurance payments, and the like are causing the “half” of all Americans who “aren’t paying taxes” treat the Federal government as a god. Right. Because taxes don’t buy things like roads, which are enjoyed by the rich and the poor alike. And nobody ever pays [attention to the fact that they pay] for Social Security and Unemployment Insurance right out of their paychecks.

Nor is Sharron alone in this strange train of thought. Her communications director just the other day released a statement saying “Only the supreme arrogance of Senator Reid would believe that he has a divine right to rule over mere mortals by ramming through Obamacare, billions in reckless spending, and yes, buying cocaine for monkeys.”

Cocaine for monkeys?? What?? Can we please have a reference on that so we know what the heck he’s talking about?

Sharron also thinks that the Federal government should have no say in what any schools teach, private or public. Does that mean she wants to see an ending for abstinence only sex ed? Well, no. Then what does she mean? The the Feds can’t insist that schools teach reading, writing, and math, or any other set of critical must-know things that employers and communities expect high school graduates to know. Oh, and she thinks your preacher should be able to tell you who to vote for (despite the church’s tax exempt status and the First Amendment). Oh and one more thing, she thinks gays are icky. No, she didn’t really say icky, only that they don’t deserve the protections of law.

But let’s not forget her most recent embarrassing moment, a moment so bad a Fox News reporter laughed:

We needed to have the press be our friend…. We wanted them to ask the questions we want to answer so that they report the news the way we want it to be reported.

Sorry Sharron, Senate candidates don’t get to spin the news whatever way they want it. Ones who want to get elected answer the questions that voters want answered. Maybe Steve Wynn could convince reporters to only ask what he wants to answer, but you can’t.

No wonder Harry’s looking a lot better in the polls than he was mere weeks ago. I sure do hope my neighbors don’t actually elect her!

In closing: On Social Security and Medicare; Is the Fed using phony numbers (why would they switch to the real ones now?); Goldman says “Ok, we’ll follow the law” (how nice of them); Kagan‘s in; new efficiency standards will save you money while helping the environment (and hey, somebody’s gotta build this stuff); on wage cuts (really, only feasible if we have mortgage cuts, but hey); Uh, Mr. President? Employers are doing just fine shipping jobs overseas without your help! (whose side are you on??); a true comic; and a funny baseball card.

Shorties Lake

Latte Economy Revisited: It turns out that more Americans think it is important to create jobs — and specifically manufacturing jobs — than worry about the deficit. Dave doesn’t think we have a Latte Economy; he thinks we have a “Cake or Death” economy.

Education Researchers Don’t Need Statistics: A real scientist looks at the “good kindergarten teachers will help your kids earn more money” study. Unfortunately the figures don’t add up.

Left of Center, Maybe: Great quotes. “If we were a right-of-center nation, you could win an election by saying you planned to eliminate Medicare and Social Security. After all, this would be an effortless way of leaving the unprecedentedly bloated defense budget intact while still cutting big ‘gubment.’ Instead such a proposal is grounds for getting you burned in effigy.” Also, “The reality: the majority of Americans are actually progressive whether or not they call themselves that. Poll after poll finds when Americans are asked how they feel about issues like the minimum wage, protecting the environment, gay rights and even gun control – the majority agrees with the Left.”

Follow up: Dipak Desai’s competency hearings are beginning.

You’ve got to read this and pass it on!: Ok, if you’ve been reading me for a while you probably know all this, but MoveOn’s got the top 5 Social Security myths. And they’re delightfully blunt about the motives of the people who keep spouting them.

Speaking of which, talk to Granny about where she gets her information on the health insurance reform bill: It turns out that a lot of senior citizens are very misinformed.

Funny Thing, Most of Us Get Fired for Not Doing Our Jobs: Five years ago I said “If you have moral problems with doing your job, you must quit. Today. Otherwise, you are saying your morals only matter when they inconvenience others. A vegan waitress knows she will have to serve meat unless she works in a vegetarian restaurant; a recovering alcoholic realizes he should probably not go to bartender’s school; pacifists normally don’t enlist in the armed forces.” This week a judge said yeah, you don’t have a right to only do the parts of your job that you like, and you don’t have the right to re-write your professional guidelines to suit your moral qualms.

It had been months since I linked Pandagon and now I’m doing it twice in one post: Some conservatives are in a tizzy that President Obama is sitting down to an interview with Barbara Walters and a few of her friends… on her daytime show aimed at a mostly SAHM audience. Here’s a little secret — it turns out that women have had the ability to vote since 1920, and the sort of women who can take the time to watch daytime TV have the time to get to the polls.

Fine, how do YOU want to measure it??: 10 key indicators show that yes, global climate change is real. That’s what most scientists call global warming these days so freak snow doesn’t confuse the small-minded.

It sure would have been nice for someone, like say the news media, to have pointed this out in 2002: Hans Blix on the fact that he found no Weapons of Mass Destruction in Iraq because there were none.

How nice for somebody, I guess: Health insurer Aetna made more money last quarter — even though they had less revenue — because of lower costs (that is to say, less paying for actual health care).

And finally: an interview with Isaiah Mustafa, “The Old Spice Guy.” Turns out he’s got some acting parts that involve wearing a shirt. Also turns out he’s a P90X guy.

The Internet Ate My Homework

In the last 24 hours I have switched cell phones and had my RSS reader suddenly stop working. As a result, I’ve spent much of the last day digging out and trying to organize things — and that’s no easy task. So as much as I would like to write something deeper, I’ll be talking briefly about the group of cowards and self-centered blow-hards in Washington DC who are our elected Representatives and Senators.

Thanks to our elected officials preferring the company of insurance company lobbyists to that of citizens that can actually vote for them, we still have a health care system that costs too much and does too little. At least we will soon have certain “rights” when dealing with these companies, but some warn that these “rights” will translate into even higher costs. The House of so-called Representatives did get up off their collective asses to fix a looming slashing of what doctors would be paid under Medicare. Why is this important? First, your doctor’s costs of doing business have not gone down. Second, most major insurers base what they will pay on what Medicare pays. So this would within a year put some doctors out of business.

The House also managed to pass a campaign finance reform bill that would force candidates and political parties to disclose the identities of most big donors. Except of course for the biggest and most powerful donors. They are still free to own their own Congresscritters. Now the bill is ready for slaughter in the Senate.

A couple of Senators are actually trying to do something for children — odd in an election year since they can’t even vote. It seems that an unintended result of some immigration raids is that there are kids whose parents have been taken away. Those kids are often American citizens thanks to the clarity of the 14th Amendment. The bill in question would allow the parents to arrange care for these little Americans, make sure that they have resources and can report abuse, and prevents authorities from involving the kids in interrogations. Think what you want about the parents, but the kids did nothing wrong and deserve the protections of law. The end.

But what could our elected officials not be bothered to do? They couldn’t be bothered to protect servicemen from predatory car salesmen, not even for Mrs. Petraeus. They couldn’t be bothered to extend unemployment benefits for a million people, despite the fact that there are at least 5 unemployed Americans for every available job opening. And no, Sharron, people aren’t living a life of luxury in Las Vegas on unemployment benefits.

So Remember Come November. Vote for those few who have been taking care of your business in Washington, and against those who have been trying to obstruct your business. In the meantime, click here to figure out how to contact your Senators, and here to find your Representative. You’ll need to know your Zip+4, so dig out some mail first.

In closing: fat people don’t walk (an essay on urban design); a “silly” lady who desperately needed the 911 operator to listen (need help? these people can help); they hate us for our electricity; what would Jesus do?; it’s not your typical state dinner — don’t tell Michelle they split an order of fries; and your dose of Japanfilter, the Pepsi Strong Shot.

Shorties Sematary

Nothing about mortgages or housing today, I promise!

When did Progressives turn into Reaganites?: With Progressive “ideas” like these, we don’t need Conservatives. Doesn’t matter, the Party Of No shoulders on. Maybe everybody thinks the Underpants Gnomes will take care of the problem.

The other side of the coin: Everybody’s favorite Liberal President, Richard M. Nixon! That damn Commie signed the EPA into law, called for true universal health care, and made Father’s Day an official holiday.

Speaking of Conservatives: b***s*** like this and this are why I don’t listen to most of them.

I Shot a Bank in Reno, Just to Watch it Die: Bank Failure 83 this year. It’s only June. 90 banks have missed their TARP payments, so watch out for more to come.

I’m not sure I entirely agree, but it’s an interesting thought: why baggage fees are good for most travelers, with bonus bagging on airport security.

Aim Carefully When Shooting Your Foot, You Wouldn’t Want to Mess Up Your Pumps: I’m not worried about Sharron Angle anymore. Between blowing off a major news outlet in a market that represents 80% of the voting base (there’s a link for video goodness) and not having any money, Senator Reid has no problems.

On Why Medical Care is More Expensive: Not only is it more complicated, it actually works now. Speaking of which, how quaint that USA Today thinks patients have any control over the use of electronic medical records! Oh yeah, and it looks like your doc will only have a 21% pay drop from Medicare in June. Which by the way is generally a lean month for doctors anyway.

The Beginnings of  Made For TV Disaster Movie: The Night the Oil Rig Exploded. Several scenes already sketched out, with character development and dialogue, ripped from real life.

On Teacher Assessment: It’s only fair to assess them on stuff they have some control over.

It turns out that Moving is Expensive and Inconvenient: Raising taxes on the rich doesn’t cause them to move to other states. If it did, there would be no multi-millionaires in California and lots of huge mansions outside Primm.

On Fraudulent Debt Collection: Has it really gotten to the point where all somebody needs to do is claim you owe money? Even if you do owe money, there’s stuff you don’t have to tolerate from debt collectors.

Why, No Matter What the GDP is, We Are Still in a Recession: Only the very rich have money to spend.

The “Experts” show their Ignorance Once Again: Experts declare that kids don’t need close friends. Parents scratch their heads, wondering where the heck kids will learn to have relationships with other human beings.

The Crazy Neighbor: Whew!

Have a great weekend, folks! Feel free to let me know what you think of the ads in comments.

Oklahoma Shitbowl

I do try to avoid unnecessary profanity, but what Oklahoma is doing is profane.

Maybe by now you have heard that any woman unfortunate enough to be pregnant in Oklahoma will find great obstacles to her care. For one thing, her doctor is allowed to lie to her about whether he has reason to believe there are fetal anomalies that will become birth defects. After all, she may decide that carrying a baby who will die soon after birth or require expensive, time monopolizing care is not something she wants to do. To some people, that makes her a “selfish slut,” but to most people that makes her “normal.”

Moreover, any woman seeking an abortion in Oklahoma will have to get an ultrasound, look at the pictures, and listen to a description of the embryo or fetus. And fill out a privacy-invading questionnaire. No exceptions for victims of rape, incest, or women who already know there is something seriously wrong with the embryo/fetus.

The ever brilliant (and very sarcastic) Digby points out how this bill will fail:

Sure the dumb bitches can’t be allowed to make their own decisions about taking on a lifetime of care or consider implications for their own health and well being. What the silly little twits don’t know won’t hurt them, right? But you’d think that the important members of society like insurance companies and employers would have a stake in something like this.

Here’s the thing. Failing to note fetal abnormalities on the ultrasound and still billing the insurance company is called fraud. Fraud, unlike medical malpractice, is a criminal offense. Do that to a patient whose care is paid for under a Federal program and it’s a federal crime with federal time. Fine, Doc can’t be sued for malpractice; he can go to prison instead.

Doc is also subject to ethics rules, and those would include telling patients the truth. Doc can lose his license if someone makes an ethics complaint with the state board of medical examiners.

If enough big employers lose enough Edna Employees to the care of severely disabled babies, they will find a way to sue doctors who hid those conditions. After all, big employers often have an entire legal department. And that would fall under general liability rather than med-mal.

So believe it or not, I think the insurance companies will provide the work-around for this. Remember that under the health insurance reform that was just passed, they can’t exclude children with pre-existing conditions. They have a vested interest in preventing severely disabled babies from being in their pool of insureds. What they will do is insist that ultrasounds be done in an independent imaging facility — not the doctor’s office or an affiliated facility — and insist that a full copy of the report be provided both to them and the mother-to-be. This will outrage obstetricians because they make good money on ultrasounds and the equipment is not cheap.

Oh well, maybe they should have objected to this bill before it became law.

In Closing Arizona Update: the smartest thing you are likely to read about illegal immigration this week; let the lawsuits begin; polls, demographics, and the future; boycotts are already underway; even some prominent Republicans think Arizona has gone too far; gee, who could have seen harassment of day laborers coming??; Hispanics vow to fight this law.

In Closing For Real This Time: Tell us what you really think about Goldman Sachs, Barry! (And why doesn’t your blog read like this? Maybe you should dictate your posts); high school graduates going to college rather than competing in the dismal job market, but does anybody really believe that 70% of the jobs that will be available in 4 years needs a college degree?; a security expert from one of the most secure airports in the world calls full-body scanners a waste of money; The Vaccine War; America doesn’t rule the world and shouldn’t be allowed to say what other nation’s product labels can include; reduce the deficit by expanding Medicare; get rid of “too big to fail”; and finally, if you are in a position to do something nice for J.P., please do.