February 7, 2010
Why looking at only the unemployment rate is not smart
The unemployment rate decrease from 10.0% to 9.7% in January while 20,000 people lost their job. Some people are saying the lowering of the rate shows that the stimulus is working and America needs more government stimulus.
Let us look at some facts about 2009 and jobs.
Latest jobs data from the St. Louis fed.
US employment by sector
Total nonfarm job = a loss of 4,022,000 jobs in 2009

Total US Govt jobs = a loss of 116,000 jobs in 2009, total shock here, guess the states and local governments did some cutting to offset the federal government increased employment.

Total Private job = loss of 3,906,000 jobs in 2009

Unemployment rate = 9.7% in January – tongue in cheek – yea!!!!

Civilian Employment-Population Ratio – down 2.2% year over year. This means less people are looking for jobs in January 2010 vs January 2009.

Unemployment is going down because fewer people are looking for work, no because businesses are being hired.
references for data
Establishment Survey Data
The Employment Situation
Economic news release from labor bureau
All this is occurring while the government is spending money faster than they can borrow and print it.
debt clock
February 1, 2010
November 13, 2009
China’s economy to collapse???
A good news article at politico.
Is China headed toward collapse?
Chang argues that inconsistencies in Chinese official statistics — like the surging numbers for car sales but flat statistics for gasoline consumption — indicate that the Chinese are simply cooking their books. He speculates that Chinese state-run companies are buying fleets of cars and simply storing them in giant parking lots in order to generate apparent growth.
The world economy is on the brink due to debt of governments, they loan each other fake paper money and then pretend everything is OK.
November 4, 2009
Cartoon on Global Warming
Saw this on townhall and could not stop laughing.

If you want to read a good presentation on “real” global warming science. Read this Power Point.
Slaughter does nothing
Will I have been looking for a month or more to find what Louise Slaughter does. What I have found is pretty much nothing but collect pay checks.
Can’t report on someone who does nothing but hide.
Going to go back to general topics
September 24, 2009
Charge of direction for Blog – anyone but Lousie Slaughter
I have not had time all summer to put any entries in my Blog for a variety of reasons. The main one being that very few positive things are going on in my local area (Rochester, NY) the nation or the world stage and I got fed up with all the negative thoughts.
After discussions with my wife I (we) are going to redirect the efforts of our blog with the goal being that Louise Slaughter, our representative in the House of Representatives, that is so far out of touch with reality that she refuses to meet with her constituents during the her vacations for her hard work (HAHA) as head of the rules committee in the House. The rules committee is basically the lapdog committee to the speaker of the house. Louise is not one any other committees so her only task is trying to figure out when votes are to be held on the floor of the house. Pretty much when Pelosi tells her to schedule the vote.
My Goal is to bring her real record to the light of day of the voters since she does so little that there is no news on her and she gets elected because of one of the worst cases of gerrymandering in the history of America. map of district.
Her inconsistency and for not taking care of her district while spending taxpayer money everywhere else in the country makes her a bad representative.
One example of her hypocrisy
She was against a project in downtown Rochester call Renaissance Square. I agree with her that is would have been the biggest waste of taxpayer dollars. Ren Square was a project to build a auxiliary campus for the local community college, make an underground bus terminal for the RTS (local public bus company) and a performing arts theater.
The two main reason for being against the project were:
1)the bus terminal was not where the local Amtrak station is located so she was against the project
2) She was against the theater portion of the project.
At the time she was doing interviews in the local media and talking with local politicians, noted here and here she was saying the only way to make the economy recover is for investment in the arts.
… Representative Louise M. Slaughter, a New York Democrat who is co-chairwoman of the Congressional Arts Caucus. “If we’re trying to stimulate the economy, and get money into the Treasury, nothing does that better than art.”










