Back to the Drawing Board

Kind of interesting commentary:
"Democratic fantasies face the bracing slap of reality"

While I don't agree with the White House remedy for virtually every problem in America being more federal government programs, the data in this link is interesting.   The proposed solutions are insane, but the data is what the data is.   Look at the graph and notice how the jobs picture is worse than previously thought because they "revised" the data for last year.  What I still don't quite understand is how they can adjust the number of jobs lost up by 800,000 in the same month they report that unemployment dropped from 10% to 9.7%.  When I look at the dotted line on the graph at what the jobs lost were before the revision and the line after the revision I would think the result would be an increase in reported unemployment.  "Where We Are and Where We Were"   I found this posting on a Blog and it actually makes sense as an explanation, "Because the "unemployment" rate is calculated from the number of people receiving unemployment checks. When their benefits run out the system assumes they have found work and are no longer "unemployed". If everybody draws unemployment until their benefits are exhausted, the unemployment rate will be 0 % and therefore, according to the Federal Rulers, the employment rate will 100%." Another posting explains it further, "The reason the unemployment rate went down is because recipients came off the unemployment rolls and either went on welfare or became homeless!".  Although it makes no sense in the real world.   More examples of what happens when attorneys/politicians get hold of the media and feed us dummies our daily dose of information.

Glenn Beck is in California this week attempting to preemptively show America the California situation before we are told by the White House we have to bail them out because they are "too big to fail".  The first segment of his show is about the magnitude of the federal budget relative to GDP and the deficit relative to past administrations.    He uses the actual White House budget that was released a couple weeks ago, and was posted here in my posting about the magnitude of the debt, as support for his point.  The first two segments are very much worth watching as he has a much better way of showing the magnitude of the deficit than my mere comparisons of the interest expense compared to tax collections.

'Beck TV show February 8, 2010"