Oil Prices began rising in October 2011 and have been trending up for the last 6 months (From Finviz.com)
Gasoline Prices followed right along with the price of a gallon of gasoline hitting a low right at the end of 2011 which was also the beginning of the First Quarter of 2012 (GasBuddy.com)…
….which of course had a BIG impact upon the American Economy because it is the Freedom, Liberty and ability of Americans to move around cheaply in is the THING invented by Americans….THE CAR….that really makes the U.S. Economy get up and go and when the price of gasoline goes up….
The U.S. Economy GOES DOWN!
When something restricts the American People’s ability to move around freely then lots of very negative things begin to happen….
Companies are not started
Trips are not taken
Decisions are put off
Worries about the future accelerate
AND worst of all…
Americans begin to doubt THE THING that has driven America forward for over 100 years now as Americans have moved around the country, around their cities and communities and in the last century around in their vehicles BUT alas….always ON THE MOVE…
And that THING is that Americans will be able to Pursue their own Happiness and when that fundamental Idea and Principle of America is weakened then the entire country’s future is put at risk.
Of course, the Wacko Economist Nuts that live in the large metro areas of Washington DC, New York City, San Francisco, Los Angeles and Boston that don’t have a Clue to how the average American lives his or her life look for less obvious explanations to why the U.S. Economy is now struggling and has been struggling since 2008…
Beyond the Complete Idiocy of “Leaders” of the American Republic trying to stop the Keystone XL pipeline from being built which would bring Canadian Oil to American refineries that would create almost 15,000 good paying jobs….
….we also have the Sorry Ass “Elected Leaders” of the American Republic doing EVERYTHING IN THEIR POWER to create public policy that would further stifle and decrease the movement of the American People by working very hard with the leaders of other countries to drive up the price of oil in America, not implementing policies to move the U.S. transportation fleet to run on natural gas because of course such a move would give Americans more Freedom and Liberty and the Liberal Wacko Nuts don’t want that and lastly wasting the American People’s money on such Bogus things as the $100 Billion Dollar California High Speed Choo-Choo that isn’t High Speed and will be nothing but Solyndra times 200!
Yes, not only are OUR country’s “Elected Leaders” Very Stupid People they also are working overtime to do everything they can to take away the mobility of American People because they have figured out the best way to undermine the Principles of the American Republic is to directly attack Freedom and Liberty and that is exactly what they are now doing with the Broken State of California…
Direct and All-Out Attack on the People of California being copied at the US Government level where now their entire swaths of the US Government that are working directly against the best interests of…
The American People and OUR Country.
Tags: Uncategorized by Joe Comments Off on The American Economy’s First Quarter GDP Comes In Less Than Expected and the Wacko Liberal Economist Nuts Blame Everything BUT the REAL Culprit….It’s the HIGH Price of Oil and Gasoline You Morons! – When OUR “Elected Leaders” Are Doing Everything In Their Power to Take Away the American People’s Ability To Move Around and Follow Their Own Unique Path To Happiness the U.S. Economy Will Of Course Grow At Much Slower Rates Than When OUR “Elected Leaders” Were Actually Working In the Best Interests of the American People and American Republic…DUH!
One interesting thing about living in America in the 21 st century is that We Americans get to see the Fall of a Great Power which only happens every few centuries or so with only problem being….
It is the American Republic that is Falling
Yesterday the Spineless Bastards otherwise known as members of the US Senate once again put off making tough decisions, this time on the Post Office which is losing more than $20 Million Dollars A DAY, and the reason a majority of US Senators voted to put off tough decisions on reforming the US Post Office you ask?
Because they are more interested in getting their precious asses re-elected than about the failure or success of the American Republic.
Of course, this should be not BIG surprise that the US Senate lives in Bizarro-Land since the Majority Leader of the Senate Harry Reid joined President Obama, Vladimir Putin, Fidel Castro, the Iranian Leadership and the leaders of a few other countries around the world that oppose America building the Keystone XL Pipeline because building the pipeline to bring Canadian oil down to American oil refineries would benefit the American Republic and American People and clearly President Obama, Vladimir Putin, Fidel Castro, the Iranians and now Harry Reid don’t want to do anything that would be in the best interests of the American People especially when there are Wacko Environmental Nuts in California that will write Million Dollars checks to the Obama Re-Election Campaign ONLY IF Obama keeps opposing the Keystone XL Pipeline so of course…..President Obama and Harry Reid will oppose the Keystone XL Pipeline even if they have to sacrifice the lives of every child in America including their own children in the process.
Getting back to the subject at hand the US Senate’s inability to deal with reforming the US Post Office which is losing a small fortune right now even the Wacko Liberal Nuts on the Washington Post editorial board that would surrender America to anyone with a water pistol are of the opinion that the Senate dropped the ball yesterday on Postal reform:
“By a more important measure, what the Postal Service actually needs to be solvent, the Senate bill falls disastrously short. In February, USPS management spelled out a five-year plan to cut $20 billion in costs and restore long-term viability. The plan required ending mandatory Saturday delivery, downsizing a bloated network of mail-processing facilities and restructuring the employee health insurance program. The Senate bill enacts none of these reforms.
In fact, the legislation makes some of them harder to accomplish. It requires Saturday delivery for at least two more years and puts a one-year moratorium on the closure of rural post offices. What few workforce reductions the bill does impose are paid for by creative accounting: shifting $11 billion in Postal Service “overpayments” from the federal civil service pension fund. Stretching out retiree health-care prepayments reduces a major cost-cutting incentive. The Congressional Budget Office estimates that the bill will increase deficits by more than $6 billion over the next 10 years.”
Oh, these are some REAL Men and Women of Genius in the US Senate….
…BUT remember if Members of the US Senate had the choice between destroying the lives of EVERY child in America OR getting re-elected to a Man and Woman in the US Senate they would destroy the lives of EVERY child in America and if you don’t believe that you do not understand the cesspool that Washington DC has become in the 21 st century where what is Best for America and the American People is of little concern to OUR “Elected Leaders” as they do anything and everything to stay in elective office and if the country goes down…what do these Bastards care?
Answer: They don’t.
Getting back to what the End of a Great Power looks like if the US Post Office cannot be allowed to close thousands of post offices all over America that are redundant at best and a Complete Waste of the American People’s hard-earned money at worst then America really is on its last legs and just to prove just how Damn crazy these folks are that want a Post Office on every corner in America check out the below C-Span video from Vermont where lots of people showed up to protest the Post Office closing just a few of their locations in the state. Yes, this is sheer Idiocy and the End of a Great Empire in action:
Postal Service Holds Forum on Post Office Closings, C-Span
Oh, these are some REAL Idiots!
Tags: Uncategorized by Joe Comments Off on You As American Citizens Would Think That OUR “Elected Leaders” Could Do Something As Simple As Reforming the US Post Office Which Is Losing Over $20 Million Dollars A Day……Right? – Sorry, These Spineless Bastards in the US Senate Again Chose To Put The Best Interests of the American Republic and American People BEHIND Getting Their Precious Asses Re-Elected – In Case You Were Wondering….Yes….This Is What the End of A Great Power Looks Like
For those 280 Million Americans that do not now or never have lived in the former Golden State of California we as former residents of California which used to be home to sane Republicans AND Democrats that actually gave a Damn about their citizens and wanted to see them and the state do better we can confidently say….
And in the below YouTube.com video of a employee of the Federal Government…YOUR Government bragging about….
“Crucifying” American Citizens and American Companies
That really is something isn’t it? An employee of the Federal Government bragging about “crucifying” American Citizen and American Companies is just so far beyond our comprehension that we still find it hard to believe he actually said what he did…..But he did say it and if the above doesn’t make you sick…
You are NOT A REAL AMERICAN.
What is the title of this movie that we have seen before in the now Broken State of California you ask?
The title of the movie is…
The Direct and All-Out Attack on not just the People of California by the California State Government but now….
The Direct and All-Out Attack on the American People and American Republic by the Obama Administration and it is our opinion that this Direct and All-Out Attack on the American People and American Republic is being directed straight from the Oval Office by Barack Obama.
For the past couple of years a good friend of ours who has always been one of those conservative on fiscal issues and liberal on social issues kind of guys who owns a medium-sized company that he moved from California to another U.S. state over a decade has been telling us and anyone else that would listen….
“Barack Obama wants to take down America.”
We would always laugh when that idea came out of the mouth of our good friend and say something like to him…
“Why would Barack Obama want to take down America?”
Our good friend always replies….
“What you have to understand is that just like his old reverend buddy Wright (Reverend Jeremiah Wright) Obama HATES America.”
We have always also laughed at the above comment from our good friend because we just cannot imagine that someone would run for President of the United States that HATED America…..and yet….we watch the above video of an employee of the Federal Government who is carrying out the policies of the Obama Administration and who also in our opinion is a Sorry Excuse for an American Citizen and Human Being and we cannot help but wonder….
Does Barack Obama HATE America?
We honestly can say we don’t know the answer to the above question and we are no longer laughing because we LOVE the United States of America and the American People including most of the Liberal Wacko Nuts….BUT….there are a lot of things that are beginning to add up and we are starting to feel like the character that Grace Kelly played in the 1954 Alfred Hitchcock movie Rear Window starring Jimmy Stewart who’s character is a world-renowned photographer who finds himself with a broken leg and confined to a wheelchair and nothing to do all day but look out his “rear window” apartment at the urban scene unfolding around him in New York City.
Jimmy Stewart’s character begins to notice something odd in the apartment straight across from him when the character played by Raymond Burr (Perry Mason fame) starts acting strangely and Burr’s wife suddenly disappears from the apartment and it seems she is headed out-of-town to visit relatives….or is she?
One of the climatic scenes of Rear Window is when the character played by Grace Kelly and the girlfriend of Jimmy Stewart’s character who had been criticizing Stewart for looking out the “rear window” so much and prying into other people’s lives and for Stewart’s suspicion about what happened to Raymond Burr’s wife when suddenly Grace Kelly sees something and she changes her mind completely. Here is that scene from Rear Window:
Lisa leans forward and looks out the window to see what Jeff is referring to. She turns back to him with a blank stare.
INT. JEFF’S APARTMENT – NIGHT – CLOSEUP
Jeff turns and looks at her, quite unaware of her surprise at his comment.
JEFF How would you begin to cut up a human body?
INT. JEFF’S APARTMENT – NIGHT – MEDIUM SHOT
Lisa sits bolt upright on the divan. She reaches back quickly and pulls on the overhead light. At that moment the songwriter returns to his composing. We can see him over Lisa’s shoulder. He is beginning his song again, and it has taken on new fullness and melody.
Although it is not complete, it is farther along then before, and he plays his theme a number of different ways, trying to move it note by note to its completion.
Lisa just stares at Jeff for a moment.
LISA Jeff — I’ll be honest with you — you’re beginning to scare me a little.
INT. JEFF’S APARTMENT – NIGHT – SEMI-CLOSEUP
Jeff is staring out of the window again. Over this we hear Lisa’s voice:
LISA (Quietly insistent) Jeff — did you hear what I said? You’re beginning to —
Jeff puts out a restraining hand.
JEFF (Interrupting) Be quiet! Shhh! (Pause) He’s coming back!
EXT. NEIGHBORHOOD – NIGHT – SEMI-LONG SHOT
At last the salesman is seen coming along the corridor.
He does not wear shirt, but only an undershirt. Slung over one shoulder, with his arm through is, is a large coil of sturdy rope. He goes through the living room into the bedroom. He does not put on the bedroom lights.
INT. JEFF’S APARTMENT – NIGHT – SEMI-CLOSEUP
Jeff reaches quickly for his binoculars, and trains them on the salesman’s apartment.
EXT. NEIGHBORHOOD – NIGHT – SEMI-LONG SHOT
As seen though the binoculars, the salesman comes out of the bedroom, to the kitchen, where he gets a carving knife. He turns around and goes back to the bedroom.
The lights go on behind the draw shades, after a short moment. The dim shadow of the salesman is seen moving around the room.
INT. JEFF’S APARTMENT – NIGHT – MEDIUM SHOT
Lisa, still stretched out on the divan looking at Jeff, suddenly sits upright and then getting up from the divan, mover over to Jeff, THE CAMERA GOING WITH her.
In a sudden surprise move, she swings his chair completely around so that his back is to the window. He drops the binoculars into his lap in surprise. THE CAMERA MOVES IN as Lisa leans over Jeff, gripping both sides of his chair
LISA (sharply) Jeff — if you could only see yourself.
JEFF Now, Lisa —
LISA (Abruptly) Sitting around, looking out a window to kill time, is one thing — but doing it the way you are — (She gestures) — with, with binoculars, and with wild opinions about every little movement you see — is, is diseased!
JEFF Do you think I consider this recreation?
LISA I don’t know what you consider it — but if you don’t stop it, I’m getting out of here.
JEFF You’d better before you catch the disease!
LISA (Insistent) What is it you’re looking for?
JEFF I want to find out what’s wrong with the salesman’s wife. Does that make me sound like a madman?
LISA What makes you think something’s wrong with her?
LISA A lot of things. She’s an invalid who needs constant care — and yet the husband nor anyone else has been in there all day.
LISA Maybe she died.
JEFF Where’s the doctor — the undertakers?
LISA She could be under sedatives, sleeping. (Looks up) He’s in the room now.
Jeff tries to turn around, but she won’t let the chair move.
JEFF Lisa, please!
LISA There’s nothing to see.
JEFF There is — I’ve seen things through that window! Bickering, family fights, mysterious trips at night, knives, saws, rope — and since last evening, not a sight or sound of his wife! Now you tell me where she is and what she’s doing!
LISA Maybe he’s leaving his wife. I don’t know, and I don’t care. Lots of people have saws, knives and ropes around their houses. Lots of men don’t speak to their wives all day. Lots of wives nag, and men hate them, and trouble starts — but very, very, very few of them end up in murder — if that’s what you’re thinking.
JEFF It’s pretty hard to stay away from that word isn’t is?
LISA You could see all the things he did, couldn’t you?
JEFF What are you getting at?
LISA You could see that he did because he had the shades in his apartment up, and walked along the corridor, and the streets and the backyard?
LISA Jeff, do you think a murderer would let you see all that? That he shouldn’t keep his shades down and hide behind them?
JEFF That’s where he’s being clever. Acting nonchalant.
LISA And that’s where you’re not being clever. He wouldn’t parade his crime in front of the open shades.
She turns the wheelchair slightly to her left so that he can see the newlyweds’ apartment.
LISA (Pointing) For all you know — there’s something a lot more sinister going on behind those shades.
EXT. NEIGHBORHOOD – NIGHT – MEDIUM SHOT
The drawn shades of the newlyweds’ apartment. A dim light burning behind them.
INT. JEFF’S APARTMENT – NIGHT – MEDIUM SHOT
Jeff looks, turns back to her, trying to suppress a chuckle.
JEFF No comment.
LISA Don’t you see how silly you’re being?
JEFF Okay, Lisa — probably you’re right. He’s probably in the bedroom now, entertaining his wife with the indian rope trick. I’ll admit to criminal insanity. Now when do I start the cure?
Lisa half looks up and out the window. She opens her mouth to answer, but a new look overtakes her face. It is concern, surprise, and a little shock. Jeff sees the change, is sobered, and quickly turns the chair around.
He looks out the window, using his binoculars.
EXT. NEIGHBORHOOD – NIGHT – SEMI-LONG SHOT
The shades in the bedroom are now up. Both beds are empty, and stripped of their linen, the mattresses thrown up over the end of the beds. The salesman, sweating heavily, stands over a large, square trunk in the center of the room. It is stoutly bound by the heavy rope we previously saw him bring into the apartment. He wipes one forearm across his brow, and then heads for the kitchen. In the kitchen, he produces a bottle, pours himself two or three straight drinks, then leans with a display of exhaustion against the kitchen sink.
INT. JEFF’S APARTMENT – NIGHT – MEDIUM SHOT
Jeff lowers the glasses. His look is sober. Lisa stands behind him, one hand on the back of the wheelchair. She, too, is serious. THE CAMERA MOVES IN until Lisa’s head fills the screen. She says, slowly:
LISA Let’s start from the beginning again, Jeff. Tell me everything you saw — and what you think it means.
She is still staring out the window, as the scene
Over this past weekend we had dinner with our good friend that doesn’t believe in President Obama and who really does believe that Obama is trying to take down the American Republic a few notches to satisfy a “dream of Obama’s father” who in our opinion did HATE the United States of America and all that it stands for and this time we did not laugh at our good friend’s opinion…..
We just said….
“Tell us more.”
Politicians are always fond of saying things like “this election is the MOST important election in American history” and no doubt there have been many Presidential elections that changed forever the future course of the American Republic….BUT….this election….the 2012 Presidential and Congressional Election is Very Damn Important and we have come to believe that not because of anything that Barack Obama or the other Wacko Liberal Nuts in the Democratic Party have done or said but rather something that ALWAYS gets our attention and those two things are….
1. Our good friends that are generally moderate to conservative on most things and liberal on social issues are saying they are going to vote against Obama no matter who the GOP runs….even Mitt Romney.
AND more importantly
2. Our wives who have worked for most of their lives until they had children and then alternated between work and being full-time mothers and who normally have no Damn interest at all in politics and who ALL voted for Barack Obama in 2008 because of their disgust with John McCain and 8 years of “that Sorry Bastard Bush” and who are now not only planning to vote for Mitt Romney they are using their free time to work the phones to raise money and work against the re-election of President Obama.
Does President Obama HATE America?
It still is hard to imagine that someone that has gotten so much from America could possibly HATE America but we do know that Obama is surrounded by Liberal Wacko Nuts of his own choosing that in our opinion HATE to their CORE the American Republic and American People and who would like nothing better than to weaken America’s influence and power around the world in hopes of as our good friend says….”to take down America a few notches,” but NO we cannot imagine that Obama HATES America…..
That does not mean we don’t want to see Romney or someone else beat Obama this Fall….because we most certainly do.
Tags: Uncategorized by Joe Comments Off on We Have Seen This Movie Before in the Now Broken State of California…..It Is Called: The Direct and All-Out Attack on the People and the Country – Now We Have An Employee of the Federal Government Bragging About Crucifying Americans and American Companies Which Just Confirms That the Obama Administration’s Attack on the American People and American Republic IS Really Going On and It Is Being Directed From the Oval Office – Does Barack Obama HATE America? – No Doubt In Our Minds, Barack Obama’s Father HATED America…But What About the President…Does He HATE America As Well – Hard To Imagine That Someone That Got So Much From A Country Could HATE It So….But Our Friends Tell Us That Obama HATES America and For the First Time Ever….We Are Listening – Yes, the 2012 General Election Is Very Damn Important So Get Out and VOTE!
Mad As Hell And… Quotes of the Day – Friday, April 27, 2012 – Vince Lombardi
“There’s only one way to succeed in anything, and that is to give it everything. I do, and I demand that my players do.”
“If you aren’t fired with enthusiasm, you’ll be fired with enthusiasm.”
“Mental toughness is essential to success.”
“You never win a game unless you beat the guy in front of you. The score on the board doesn’t mean a thing. That’s for the fans. You’ve got to win the war with the man in front of you. You’ve got to get your man.”
“To achieve success, whatever the job we have, we must pay a price.”
“Success is like anything worthwhile. It has a price. You have to pay the price to win and you have to pay the price to get to the point where success is possible. Most important, you must pay the price to stay there.”
“Football is a great deal like life in that it teaches that work, sacrifice, perseverance, competitive drive, selflessness and respect for authority is the price each and every one of us must pay to achieve any goal that is worthwhile.”
“Once you agree upon the price you and your family must pay for success, it enables you to ignore the minor hurts, the opponent’s pressure, and the temporary failures.”
“Confidence is contagious and so is lack of confidence, and a customer will recognize both.”
“If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.”
“Unless a man believes in himself and makes a total commitment to his career and puts everything he has into it-his mind, his body and his heart-what is life worth to him? If I were a salesman, I would make this commitment to my company, to the product and most of all, to myself.”
“The quality of a person’s life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavor.”
“Once a man has made a commitment to a way of life, he puts the greatest strength in the world behind him. It’s something we call heart power. Once a man has made this commitment, nothing will stop him short of success.”
“Unless a man believes in himself and makes a total commitment to his career and puts everything he has into it-his mind, his body, his heart-what’s life worth to him.
“It is essential to understand that battles are primarily won in the hearts of men.”
“In great attempts, it is glorious even to fail.”
“They may not love you at the time, but they will later.”
” Leadership rests not only upon ability, not only upon capacity; having the capacity to lead is not enough. The leader must be willing to use it. His leadership is then based on truth and character. There must be truth in the purpose and will power in the character.”
“Leadership is based on a spiritual quality; the power to inspire, the power to inspire others to follow.”
“Having the capacity to lead is not enough. The leader must be willing to use it.”
“A leader must identify himself with the group, must back up the group, even at the risk of displeasing superiors. He must believe that the group wants from him a sense of approval. If this feeling prevails, production, discipline, morale will be high, and in return, you can demand the cooperation to promote the goals of the company.”
“Leaders are made, they are not born. They are made by hard effort, which is the price which all of us must pay to achieve any goal that is worthwhile.”
“They call it coaching but it is teaching. You do not just tell them…you show them the reasons.”
“The harder you work, the harder it is to surrender.”
“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather in a lack of will.”
“The spirit, the will to win and the will to excel-these are the things that endure and these are the qualities that are so much more important than any of the events that occasion them.”
“It is essential to understand that battles are primarily won in the hearts of men. Men respond to leadership in a most remarkable way and once you have won his heart, he will follow you anywhere.”
“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.”
“If you’ll not settle for anything less than your best, you will be amazed at what you can accomplish in your lives.
“It’s not whether you get knocked down, it’s whether you get up.”
“I’ve never known a man worth his salt who in the long run, deep down in his heart, didn’t appreciate the grind, the discipline. There is something good in men that really yearns for discipline.”
“The good Lord gave you a body that can stand most anything. It’s your mind you have to convince.”
“Mental toughness is many things and rather difficult to explain. Its qualities are sacrifice and self-denial. Also, most importantly, it is combined with a perfectly disciplined will that refuses to give in. It’s a state of mind-you could call it character in action.”
“Once you learn to quit, it becomes a habit.”
“Individual commitment to a group effort-that is what makes a team work, a company work, a society work, a civilization work.”
“Teams do not go physically flat, they go mentally stale.”
“Teamwork is what the Green Bay Packers were all about. They didn’t do it for individual glory. They did it because they loved one another.”
“People who work together will win, whether it be against complex football defenses, or the problems of modern society.”
“The achievements of an organization are the results of the combined effort of each individual.”
“Success demands singleness of purpose.”
“Some of us will do our jobs well and some will not, but we will be judged by only one thing-the result.”
“Winning is not a sometime thing: it’s an all the time thing. You don’t win once in a while; you don’t do the right thing once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing.”
“Winning is not everything–but making effort to win is.”
“It’s easy to have faith in yourself and have discipline when you’re a winner, when you’re number one. What you’ve got to have is faith and discipline when you’re not yet a winner.”
“I firmly believe that any man’s finest hour, the greatest fulfillment of all that he holds dear, is the moment when he has worked his heart out in a good cause and lies exhausted on the field of battle-victorious.”
….but for all the talk from the Wacko Liberal Nut Economists on the Left that have never met an increase in debt they didn’t love and the insanity of trying to gin-up even MORE inflation on the American People in the absurd hope that it would drive down the Unemployment Rate in America….
…we can clearly see the box that the Federal Reserve now has itself in with the primary box being the Massive Amount of Debt that the United States of America is now creating….
$100 Billion Dollars a Month and Over $1 Trillion Dollars a Year PLUS!
….and is also reissuing as new US Treasury Debt as the old debt matures means that the Federal Reserve has NO choice but to keep interest rates as low as possible for as long as possible because if the interest rates on US Treasury debt goes back to what it was before the Financial Meltdown in 2008…
Around 4 percent on the 10 Year Treasury Bond
….then it would almost DOUBLE the Annual Interest Debt Service of the American Republic from $500 Billion Dollars to……
$1 Trillion Dollars A YEAR!
OUCH! Imagine for a moment the US Government spending $1 Trillion Dollars a year just on…
Yes, we understand why the Federal Reserve would like to keep interest rates very low “through 2014” which the bond markets might have a say about long before 2014 rolls around, but the main issue that the Wacko Liberal Nut Economists would like to see the Fed address…
A Higher than “normal” Unemployment Rate in America
….is something the Federal Reserve can have very little real impact upon because the mechanism the Fed has used in the past to “get the economy moving” which has been giving U.S. banks money at a very low cost in hope that the banks will make loans to American businesses and consumers no longer works and will only have a small impact on the Unemployment Rate in America going forward BECAUSE there are fundamental and structural changes to the U.S. job market going on right now that the Fed has no control over and will never be able to impact.
What are those fundamental and structural changes to the U.S. job market that the Fed has no control over and will never be able to impact you ask?
Well, the First fundamental change is….
America is getting older and there are just fewer Americans that are willing to work as they head towards retirement and even in retirement
Something that we have seen going back to the late 1990s is that there is a growing and now very large gap between the skills that are needed for many jobs in the 21 st century and the skills that American workers have especially the 75 percent of American adults that do not have a college degree. Just check out the job sites…
…and there one will find Hundreds of Thousands of job openings in America RIGHT NOW that we can tell you from personal experience often get a lot of job applications for with most of those people applying for those jobs not remotely qualified to do the job and often it is not that they don’t have a college degree or specialized skills, but that they were never taught by their parents and teachers how to THINK and if you cannot use your brainpower to adapt to an ever-changing world your future is doomed in the 21 st century.
There is a “ROT” settling into American Life and that “ROT” is that there are way too many Americans that would rather sit on their lazy asses and do nothing than go out and get a job, start a career and make something of themselves and that “ROT” cuts across all economic classes with often people that grew up with a decent amount of money and access to at least a decent education that have little interest in getting on in this world. Even when these lazy Bastards start a job we have found that they do only the minimal amount of work and work in a pitiful or haphazard way with little personal pride and that is very Damn different from the work ethic of Americans during the vast majority of OUR country’s history and this “ROT” is also having a negative impact on the Unemployment Rate in our nation.
We certainly hope no one can argue against the FACT that a big reason there are so many Americans without college degrees that are either out-of-work or working in lower paying jobs is that so many jobs that used to be in America have been moved overseas by AMERICAN companies just so those AMERICAN companies could save a few bucks on labor costs.
If one then adds together the above FOUR fundamental and structural changes to the American Job Market and the American Republic over the past 25 years it is our opinion those FOUR things add 1.5 to 2.0 percent to the “normal” Unemployment Rate that America has experienced since World War II which means we are living in a vastly different world today that cannot be as directly impacted by Federal Reserve or US Government policies.
With all in the above in mind we can again look at the “Official” Unemployment Rate in America…..
…and one will notice that since the Federal Reserve tamed inflation in the mid-1980s which is still “relatively” under control and running in the 4 to 6 percent range as opposed to the “reported official” inflation rate in America of 2 to 4 percent that the “average” Unemployment Rate in America over the past 25 years or so when taking out the Fed and US Government created Dot.com and Real Estate Bubbles the Unemployment Rate in America has been around…
In our opinion if the Federal Reserve had run a rational and sane monetary policy from the early 1990s on (meaning holding the Fed Funds Rate between 3.5 and 5 percent)….
….and had not created the Bogus Dot.com and Real Estate Bubbles which temporarily moved the Unemployment Rate in America down below 5 percent that the Unemployment Rate in America over the past 25 years would have steadied around….
…which means the current…
8.20 Unemployment Rate
….is not as bad as it seems and that is because there is Very Damn Little the Fed and even the Congress/President can do to bring down the Unemployment Rate when there are so many fundamental and structural changes to the American population, American companies and American Society going on right now and those FOUR big changes are…
America Getting Older
BIG Mismatch of Skills to Job Openings
The “ROT” that is settling into some American young adults
American Companies moving jobs overseas
….and that is why it makes Perfect Damn Sense for the Federal Reserve and for US Government policy makers to move forward with a slow-but-steady approach that most of all “does no harm” and one of the Biggest Harms to the American People would be higher food and commodity prices which is exactly what would happen if the Federal Reserve followed through on the Lunatic Ravings of Liberal Wacko Nut Economists like New York Times columnist Paul Krugman with QE 3 (Quantitative Easing 3) which would only raise oil prices and the price of almost everything else in the U.S. economy just like the first three times the Fed flooded the world with Funny Money (From the Great website Finviz.com)….
If we were at the Federal Reserve we would tell the Congress, the President and the American People that because of the fundamental and structural changes to the US Job Market and American Society over the past 25 years that the Full Unemployment Rate in America was no longer around 4 percent as it has been since the end of World War II, but rather in the….
…range and that going forward the Federal Reserve would set monetary policy to target a 6.50 Unemployment Rate in America and if the Congress and President wanted the Unemployment Rate lower than that then they would need to come up with a set of policies to positively effect and change the following things…
America is getting older – Can’t do much about that.
BIG Mismatch of Skills to Job Openings – Let’s face FACTS…Even after spending Trillions of Dollars America’s Educational System is failing way too many of our young people and the answer is not more money but rather it is time to get to work and we mean GET TO WORK! In other words, ALL parents and teachers need to start holding American kids accountable for ALL of their actions inside and outside of the classroom and they need to start doing that….NOW!
The “ROT” that is settling into some American young adults – Face the TRUTH….Americans are getting LAZY. What can be done to solve LAZINESS? Well, we can start by lighting a fire under our young people and getting them off their LAZY asses.
American Companies moving jobs overseas – Memo to AMERICAN Companies: Quit moving jobs overseas! If you are an AMERICAN CEO and you are moving jobs overseas to save a few Bucks on labor costs then let’s hope there is a nice corner of Hell where you will spend eternity! Bring the jobs home to America! It doesn’t get any simpler than that!
Bottom-Line: We agree with the Fed and Ben Bernanke on their latest call….
The U.S. Economy is getting better….
The U.S. Economy is growing around 2.5 percent in 2012 and we believe it will grow around 3.0 to 3.25 percent in 2013 and after that we don’t have a clue and nor does the Fed.
The Unemployment Rate in America should be back around what we are now calling the Full Unemployment Rate in America, 6.50 Percent, by the end of 2013/Spring 2014……assuming of course these Sorry Bastards otherwise known as the “Elected Leaders” of the American Republic don’t screw things up again.
The BEST thing that could happen to the U.S. Economy would be for an alien spaceship to appear over Washington DC and take all of these Sorry Bastards otherwise known as OUR “Elected Leaders” to a planet Far, Far Away where they could argue with each other over all this Complete Bullshit and that would allow the American People to fix the U.S. Economy with the work of our own hands, the sweat of our own brows and just good old fashioned American Common Sense.
It also wouldn’t hurt if the Federal Reserve would just set the Fed Funds rate at say…
…and just go away themselves for 5 years or so.
Tags: Uncategorized by Joe Comments Off on Fed Chairman Ben Bernanke and the Federal Reserve Are RIGHT To Take the “Steady As We Go” Approach Because the Last Damn Thing The American Economy and American People Need Right Now Is Lots More Funny Money Printing Which Would Drive Up the Price of Oil Even Higher AND…the Prices of Everything Else As Well! – The Lunatic Wacko Nut Economists Like Paul Krugman Really Do Believe in the Fantasy That Printing Up Lots of Money Will Decrease Unemployment….BUT….There Are Fundamental and Structural Changes to the American Job Market That Have “Reset” the “Normal” Unemployment Rate In America….Upwards – Those FOUR Fundamental and Structural Changes Are…. – The Best Thing That Could Happen In America Right Now Is….Here’s A Hint: It Involves An Alien Spaceship and OUR Sorry Ass “Elected Leaders!”