Tag: trade deficit

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.

I Blame Paula Deen

I remember it was probably over a decade ago, I first saw somebody make a monte cristo sandwich on TV.  The chef might have been Emeril. It was the most decadent thing I had ever seen: a ham and cheese sandwhich, made with thick, egg-drenched slices of french toast. This made eggs benedict seem tame.

Time passed, and stuff like the KFC Famous Bowl came out, described by one blogger as “like throwing up in reverse.” But that wasn’t enough! Since then we’ve had KFC’s Double Down, Friendly’s Mac and Cheese Quesadilla, IHOP’s cheesecake filled pancakes, thousand calorie burgers (before the fries!) marketed as “healthy“, and a bunch of other things that look like somebody was trying imagine what they would submit to a Top Chef Most Calories with Stuff Already Here Quickfire Challenge.

Today’s entry:

That thing is a grilled cheese sandwich, made with melted American cheese and 4 deep fried mozzarella sticks, on sourdough bread. Served with marinara sauce and of course a heaping helping of fries. Available at Denny’s for a mere $4. Nutrition information is not yet available. It probably replaces the 650 calorie 3 Cheese Melt, which had been at least served with a choice of soup or salad.

I’ve got to agree with the Awesomer on this: Why didn’t they deep fry the whole thing? But remember, it’s only “culinary terrorism” if you actually eat it.

In Closing: it’s better than nothing; families spending less — or nothing — on back to school, bodes ill for Christmas; “Trade deficit inaction” means no new jobs in the Latte Economy, and that means a double dip recession is coming (assuming you think we ever got out of the recession); teenage wasteland; if we created 10 million jobs, Social Security wouldn’t have a shortfall this year; a less than cheery August thought, student loan debt now exceeds credit card debt; everybody heard about the guy who had a pea plant growing in his lung, right?; banks only follow the laws they want to follow; as the debate about tax increases/cuts continues, remember that you only pay taxes on money you make, and businesses only pay money on their profits; on the middle class; and finally, exactly how bad do you want it?