By John Galt
January 9, 2010
As if this was not easy enough to predict a year ago.
All of the idiotic programs started by the idiot who proclaimed that he (paraphrasing) had to murder freedom, er capitalism, to save it have been adopted, expanded, and multiplied by America’s favorite socialist.
Thank you George.
Now that the left wingnut socialist crowd can spew the “wow, those John Galt types really are fair and balanced” let me unzip my furor and piss into what would be your hollowed out eye sockets if I could get you into range. You Marxist dirt bags pieces of crap are about to get your wish and guess what? I still hope you fail although I know deep down in my heart, you shall succeed and soon have the ability to have people with guns chasing me into the countryside shooting at my small, firm, male butt like I’m sort of freaking pheasant in a video game restricted hunt. But enough about the dire reality of our political situation and this much delayed report which was interrupted when my wife decided to have one of her girlfriend office parties at my casa last night, forcing a mandatory evacuation for sanity purposes.
This will be divided into three parts so it will be easier to read. Part one will cover the employment report, part two the November Sales and Inventories Report, and part three enough graphs to make your eyes bleed and beg that alien fermenting in your intestines to bust out of your stomach and show its true face, that of an inflationary Federal Reserve Alien ready to sell you and I out to anyone on the world stage which offers a better compensation package.
Part 1: JOBS, JOBS, JOBS, JOBS, JOBS, JOBS, NOT
The Obama administration obviously is still run by snot nosed rookies. When you promis a statistical improvement to demonstarte that your administration is effective, you are supposed to deliver and just how hard would it have been to have the PCOSBDC (Presidential Chief of Staff Birth/Death Computer) dial up oh, say 225,000 new jobs created out of thin air? Sheesh, it really is an embarrassment that we are run by such rank amateurs.
With that vent out of the way, the U-3 stayed stable at 10% but we lost 85,000 jobs “officially” which means that in reality it was a whole lot worse than they are letting on. To make matters worse, from December 2008 to December 2009 the civilian population rate from Table A-13 in the BLS Report indicated a further drop in the total civilian participation rate with a drop over the past year of aproximately 3,545,000. Not an indication of a growing economy no matter how one cuts it, much less a recovery beginning to take shape and with the civilian participation rate at an over twenty year low, it is time to get concerned about the massive issues our nation will face in 2010.
Thus why my graphics package will not be encouraging nor something the Federal Reserve nor Obamites want to admit:
That massive debt monetization does not save an economy from a downturn nor create jobs.
First, here’s my favorite table from the BLS report, Table A-12, U-6 which suddenly is being widely reported by the Bubblemedia, which is a sign that the reality can not be denied:
As you can see we are settling into a pattern of a 15% plus persistent unemployed/underemployed status for the extreme long term. This is born out further when you compare the seasonal and non-seasonal numbers for the same table:
From these graphs it is easy to figure out that since December of 2008 we have pretty much insured a 12.5 to 13% long term underemployed/unemployed rate and since November of 2009, that number has jumped once again. The median and average duration of unemployment also bear the charts above out to be quite correct only because the work force that is actively looking for employment really has little opportunity to find family sustaining much less long term survivable employment:
Thus with the evidence at hand that indeed we are seeing more people unemployed for longer durations than since the Great Depression of the 1929-1939 era, one has to ask some serious questions as to the extend that this “recovery” will actually begin, much less expand into the lower and middle classes. Toss in the data from above along with the information that many follow about workers employed 27 weeks or longer and it starts to hit home even harder:
So everyone thinks that the manufacturing sector will crank back up and bail us out just like the Bubblevisionistas get on television every day and proclaim about our “new” economy. Let’s see what is happening with all manufacturing, durables and non-durables:
Kind of ironic that FDR was President last time we saw numbers like these, isn’t it?
Maybe the Obamites intend for us to make Nash’s and Edsels or perhaps a Studebaker or two?
