Barakalypse Now, the never ending pain of incompetence.

Posted by: Barthélemy Barbancourt

Tagged in: Untagged 

Dow Skids 600, Worst Day Since Credit Crisis

Yeah, pissing away $1.5 trillion more than we take in does have effects.

Buried in the job stats was a number — 193,000 — that dwarfed all the rest. That is the number of workers who left the job market. If 193,000 left and only 117,000 jobs were added, we lost 76,000 jobs. Moreover, this is not an aberration.

When President Obama took office in January of 2009, the labor participation rate was 65.7 percent. Now, “The labor force participation rate is currently 63.9 percent. That is the lowest level since 1984,” says Matt McDonald, a communications and business strategist who previously worked in the Bush administration. “If the labor force participation rate today were 65.7 percent, there would be an additional 4.2 million people in the workforce.” In that case, the unemployment rate would be 11.5 percent not 9.1 percent.

Real unemployment is around 16% and holding. Obama has completely fucked up the job market.

The goal of the No Child Left Behind law is to have every student proficient in math and reading by 2014. States have been required to bring more students up to the math and reading standards each year, based on tests that usually take place each spring. The step-by-step ramping up of the 9-year-old law has caused heartburn in states and most school districts, because more and more schools are labeled as failures as too few of their students meet testing goals.

The plan to offer waivers to all 50 states, as long as they meet other school reform requirements, comes at the request of President Barack Obama, Duncan said. More details on the waivers will come in September, he said.

This might as well be the waiver administration. Union runs schools whine that they are incapable of doing what we pay them to do and Obama gives them a waiver. I hope your kid isn't counting on the schools to teach them anything.

Trackback(0)
Comments (27)add comment
Woody
...
written by Woody , August 08, 2011

Thanks for the headline tag Matt Drudge. I love it!!


Sequel
...
written by Sequel , August 08, 2011

Obama has a press conference to try to ease fears on Wall St. He proposes more spending and tax hikes. Market drops 200 points as he speaks.
Wall St. must be racist!



jk noreen
...
written by jokin , August 08, 2011


written by Woody , August 08, 2011

"Thanks for the headline tag Matt Drudge. I love it!!"

It's come to this, you're reduced to trolling and spinning. This is a post riding along on the continuum of your post in which you engaged in cheerleading for the July Jobs Report. Although Rubin isn't entirely accurate in her description of the 193,000 who "left the job market", it nevertheless underscores the fact that as bad as the "official" BLS numbers are, they are masking the true unemployment rate which is approaching Great Depression levels of 20%+. And the minority community victim groups get to thank Obama for giving them INCREASING "official" unemployment of 16.2% when in reality it is likely in the 25-30% range.

Here're some sobering pull quotes that add more napalm fpr Col. Kilgore to add to Obama's apocalypse:

1)"This May, black male employment fell to the lowest level since the government began keeping track in 1972. Only 56.1 percent of black men over age 20 were working, compared with 68.3 percent of white men."

2)Some see a bitter irony in soaring black unemployment and the decline of the black middle class on the watch of the first black president.

"I thought Barack Obama could have provided some way out. But he lacks backbone," Princeton professor Cornel West told truthdig.com recently.

3)In fact, some segments of the black labor force showed even higher rates of unemployment. For instance, the most recent unemployment rate for blacks between the ages of 16 and 24 years was 31.4 percent.

We find nothing amiss in (Urban League President Marc) Morial’s claim that "the black unemployment rate (has) increased since the recovery has begun." So we rate his statement True.


He said Obama had sold out the poor and become "a black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats ... I don't think in good conscience I could tell anybody to vote for Obama."



Sorry Woody, but the last man standing that still supports Obama may end up being you. To continue the Apocalypse Now meme, the leftist intelligentsia is undoubtedly developing their own plan to take out Col Obama Kurtz with "extreme (political) prejudice".


http://www.politifact.com/truth-o-meter/statements/2011/jul/18/marc-morial/marc-morial-says-black-unemployment-has-actually-w/

http://www.cnbc.com/id/43698015/ Eds_RETRANSMITS_to_remove_embargo_Clarifies_that_black_
unemployment_has_risen_since_the_end_of_the_recession_i
nstead_of_still_rising_Corrects_blinds_to_window_shades
_Updates_the_black_male_unemployment_rate_with_newly_av
ailable_data









TomC
...
written by TomC , August 08, 2011

Who would hire anyone with conditions the way they are. Costs of employing someone continue to rise the longer this president is in office. NLRB, EPA, OSHA, SBA, IRS, HSA, HHS, etc. are just a few regulating agencies that make employing anyone increasingly more difficult.

To say nothing Obama union cronies, AFL-CIO, NEA, IAMAW, UAW, and numerous others which continue to demand and get concessions from this unio-friendly administration.

Congress, along with Bush II, was no innocent bystander. With his anti-free trade stands, the prescription drug program, increasing the minimum wage. to which many union wages are scaled he has some share in the blame. Especially the Democrat Congress starting in 2007. Before that, there was a nice steady downward trend to the deficit.

Republicans have to win the Senate, significantly enough so that when adding the Blue Dogs there is the hope of 60 votes; win the White House so that Obamacare can be eliminated before 2014 when it takes effect; and most importantly, hold to principals tight enough to loose their jobs so that we all feel the pain of a major change in how and what the federal government does.

"Change We Can Believe In and Thrive On" should be the motto of the future.



Nobody
Woody
written by Nobody , August 09, 2011

I have come to belive that you think youself a "centerist, patriotic, freedom loving American". Back in the stone age, when Bart was a tri-cycle motor, I was a young employer. My labor-burden was about 20%, it is now about 38%. Needless to say, I employ many fewer people now. When it goes up, I will employ less people.


Barthélemy Barbancourt
Just ran the numbers for 2011
written by Barthélemy Barbancourt , August 09, 2011

So Barry O'douche cost me 20% of gross in 2010. 2011 is looking to be another 13% to 15% off for a total drop of about 31% over two years. Add in real inflation of about 10% and it's safe to say that Barry's Band of Socialists have shaved about 40% off of my business.

Now, does anyone wonder why our economy is still in the toilet?

For the non-business owners, when my gross drops quickly my fixed expenses don't so my tax bill drops by more than 40%. This is something Barry doesn't get either, if he wants to get more tax money out of me, he needs my business to grow.



Woody
...
written by Woody , August 09, 2011

"Barry O'Douche"??? What a fuckin moron Bart. Bitterness over tax burdens is no reason to spit on the commander in chief. Man up!


Nobody
Woodhead
written by Nobody , August 09, 2011

It is mot manly to pay taxes as they are just theft. I am taxed at 60% when you add it up, we are becoming serfs of the state. I'm not bitter, I'm fed up.


Woody
...
written by Woody , August 09, 2011

My taxes have gone up too guys and our country is in dire straights right now. Time for a little shared sacrifice and less bitching about it. Maybe cut down on dining out from 6 times a week to 2 or 3.


Steve Anderson
Shared Sacrifice?
written by sanders , August 09, 2011

Who is not sharing in the sacrifice? I'll tell you who. Federal employees who keep getting their raises every year like clockwork, and the 'poor' who keep sucking at the public teat. Neither group has lost anything. 47% of the people in this country have no 'Skin in the game'. How about the 'poor' cook at home rather than eating at McDonald's 6 times a week. Cheaper, and probably better for their waistline too... That would even make Miche happy.

Woody, I don't mind paying for my share of the government. What pisses me off to no end is the people that don't pay a red cent. Don't tell me not to bitch... 'Shared sacrifice' my ass.



Steve Anderson
Woody
written by sanders , August 09, 2011

It may not be my place, but 'fuckin moron' might be just a little out of line... I have seen you be civil to others here, but you seem to have a blind spot toward Bart...


TomC
...
written by TomC , August 10, 2011

What about the restaurants, wait staff, and others. Are they suppose to do with 2/3s less if we go from 6 nights out to 2? Shared sacrifice is the left's mantra for redistribution. One group works for a living, the other mooches.

Taxes are too high. The government should be doing what only it can do and nothing else. Anything that might be done by the the private sector, should be done by the private sector. That, for the most part, limit government's jobs to police and judicial matters.



Woody
...
written by Woody , August 10, 2011

Tom - There are also a lot of wealthy people on the "left" that are calling for shared sacrifice. The "left" is not made up solely of moochers as you suggest.


Woody
...
written by Woody , August 10, 2011

Yeah, I didn't like using the "fucking moron" line sanders but I feel the office of President of the United States deserves a hell of a lot more respect than Bart showed in his post and I responded somewhat out of character.


Barthélemy Barbancourt
I give Obama the same respect Bush got from the left
written by Barthélemy Barbancourt , August 10, 2011

I refuse to accept the double standard that the left wants the right to play by. They called Bush Hitler, yet I am supposed to respect the office of the President? Bullshit!

Politics is a full contact game and the left set the rules under GW Bush that I will pay by under Obama.

I do have limits though; I have never wished Obama dead, nor would I support a movie about it. I don't attack his daughters, like the press did with Bush. I don't publish things that I know are false, like Dan Rather, CBS, the New York Times, etc.

In short, my personal standards put limits on me that the left never had. So when I call Barak Insane Obama a fucking Moron, grin and bear it as I heard far, far worse for 8 years when Bush was in office.



Barthélemy Barbancourt
Woody and Barak's economic plan
written by Barthélemy Barbancourt , August 10, 2011

I love that Woody has the same economic plan as Obama, cut back on spending and send more money to the government. This plan fails on so many levels.

The American economy is 70% consumer spending, telling people to cut back makes things worse, not better.

The $800 billion stimulus proved that government wasting money has no effect on the jobs market and only a short term artificial boost to the economy.

Finally, asking people like Nobody and myself to cut back on our personal life is not only self defeating, it's insulting. We didn't bust our ass so that we could eat bologna sandwiches while Barry O and Michelle jet all over the world for fun. We worked hard to attain the lifestyles we have and we have no intention of changing that part of our lives. We can cut back on business, hire fewer people and take less risks. That is the smart thing to do under Obama and so much easier than skipping a few steaks and drinking box wine.

The point being that wealth is not only intelligent, it provides independence. I create wealth and I still have some control over how that wealth is deployed. I can risk my wealth on a house project, a new hire or a new business. Or I can marshal my wealth for my own enjoyment. Obama and Woody don't get this. They talk of shared sacrifice when 1/2 the nation pays no federal taxes. They also don't understand that taking weekends off and eating out is a sacrifice because under GW Bush I used to work weekends to create more wealth. They don't understand that if we had an environment that rewarded private sector risk, Nobody and I would be working 60 plus hours a week trying to create more wealth. But we don't have that environment now, so the smart move is to take it easy and book a table at Ruth's Chris. At least we're helping some part of the economy.

Here is something for Woody to think about. I used to hire plumbers, painters, electricians as well as consultants. The lowest paid was $25 and hour and the highest was $125 an hour. I took huge risks and borrowed 100's of thousands of dollars at interest rates always over 7%. I don't do much of any of that anymore. If you really wanted to create jobs, what would you do?



Nobody
Woodhead
written by Nobody , August 10, 2011

We on the right put up with BDS for OVER 8 years. 'fucking moron' is mild. Get over it.

We have reached that 'tipping point' that happens over and over again in history, the King takes over half of your labor and the serfs won't have it anymore, witness WI. The moochers riot in London, shared sacrifices my ass.



Woody
...
written by Woody , August 10, 2011

Here is something for Woody to think about. I used to hire plumbers, painters, electricians as well as consultants. The lowest paid was $25 and hour and the highest was $125 an hour. I took huge risks and borrowed 100's of thousands of dollars at interest rates always over 7%. I don't do much of any of that anymore. If you really wanted to create jobs, what would you do?

Tell Bart I've done the same thing hiring electricians, plumbers, architects, carpenters, staff, tilers, asbestos contractors, etc and I am glad those times are behind me for now and we can enjoy some of the profit after the capital expenditure crunch tapers off a bit. I pay more taxes as a result because our Country needs revenue as well as spending cuts to right our financial situation. I'm more than willing do cut my fair share as I am fortunate enough to do so. I may not be thrilled with the prospect but I realize it needs to be done and I will not bitch about it or call the President a douche. I'm proud off the respet I have ALWAYS had for the office of President and if you feel the need to disrespect it because others did before you than I would tell Bart to enjoy his little game of tit for tat.



Nobody
Woody...
written by Nobody , August 10, 2011

Give us your plan to create job that are not public sector jobs, that do not create wealth. If you feel the govmint needs more money, you have my permission to cut them a check.


Barthélemy Barbancourt
You still don't get it
written by Barthélemy Barbancourt , August 10, 2011

Sure getting $10K or $20K more out of me makes class warfare liberals feel good, but it does nothing to help the economy, it actually hurts the economy.

During one project I was spending over $15K a week for 3 months. That money did way more to help the economy than the pathetic $20K you think you can get from people like me (Here's a secret, you won't get it.)

Obama has done nothing to deserve my respect. He is fundamentally ignorant of the private sector. His ideology blinds him to things that might help and his arrogance prevents him from admitting his many mistakes.

Can you try to figure this out; our government doesn't need more revenue, the private sector needs more revenue. Our country has tones of money, but government policies have fucked up how it's deployed and government programs and taking more out of the private sector than we can afford. If you really cared about the poor, you'd beg for a pro-business administration. During the boom I hired some pretty poor people (one I paid daily) because the construction market was tight and they were the best I could get at the time.

History has shown time and again that the best way to help anyone is a growing economy.



Woody
...
written by Woody , August 10, 2011

Bart I don't need $20K from you even in the name of "class warfare" but thanks for not offering. I'm doing fine on my own. "Our government does not need more revenue" How could I have missed that!! As for your questioning my caring for the poor, you are way off base there Bart.


Sequel
...
written by Sequel , August 10, 2011

Shared sacrifice is code for making others pay.


Woody
Shared sacrifice is code for making others pay.
written by Woody , August 10, 2011

Our greatest generation....


Barthélemy Barbancourt
So why do you want my money?
written by Barthélemy Barbancourt , August 10, 2011

You support tax increases, right? That means you think that the government can do a better job with the money than I can. I disagree. I know that I can create more wealth and more jobs with the money than the government can.

Until we get an administration that is serious about creating an environment for private sector growth, nothing will help our out of balanced budget. Cuts will help, but until regulation is cut, we won't be able to grow fast enough to match inflation and population growth.



Woody
...
written by Woody , August 10, 2011

I've stated a number of times that I support tax increases as well as cuts in government spending. I don't compare what the government does with the money to what you do with your money as they are entirely different. I don't doubt that you can create more wealth and jobs with your money and I suspect that the government provides for social security and public service better than you do. I agree there is also room to cut regulation in some areas but I am not in favor of such measures as gutting the EPA for instance.


Barthélemy Barbancourt
Ok, so we agree
written by Barthélemy Barbancourt , August 10, 2011

The government spends too much and I should keep more of my money.

Now, what to do about the welfare hoodlums that are rioting in Wisconsin and Philadelphia? Welfare made dads obsolete so we have generations of government dependents with no morals, no skills and probably no future in a 21st century economy.

I would never have funded programs that created this mess and I fully support de-funding these criminal factories, but what will liberal have us do with their creations?

Pay people to fail and you get more failure, punish success and you get less success. Liberals will never learn these fundamental truths.

Also, what would you do to spur private sector job creation? I have answered that many times.



TomC
...
written by TomC , August 10, 2011

"I've stated a number of times that I support tax increases as well as cuts in government spending."

Why do you support tax increases of any kind? What areas would you allocate that additional money? Do you think there is any hope--there surely is no historical evidence--that if revenues are increased that that revenue increase would not just cause more spending? By tax increases, doyou mean rate increases, and if so is there any evidence that rate increases lead to greater revenues?

"I don't compare what the government does with the money to what you do with your money as they are entirely different."

Why not? Individuals create wealth from their money. The government either doesn't, limits, or destroys wealth with that money. This is why governments should be limited to what only it can do, police/defense, judicial matters, and little else.

"I don't doubt that you can create more wealth and jobs with your money and I suspect that the government provides for social security and public service better than you do."

There is considerable evidence of the former and the evidence of the latter is sketchy, at best. We are in the mess we are in because of Social Secuiryt, Medicare, Medicaid, Obamacare, and the safety net programs you are referring to. What public service, beyond those mentioned in the previous paragraphs, do you consider the government doing a better job with?

"I agree there is also room to cut regulation in some areas but I am not in favor of such measures as gutting the EPA for instance." The EPA, has traditionally not been the overbearing, job-killing organization they are becomming under this adminstration. I fully support regulating the regulators like the EPA, NLRB, and many others. They have never been Congressionally delegated the powers they have amassed under this administrationand should be limited or eliminated.




Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy