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Progress

Unemployment at 10.1%, underemployment at 19.6.

1 in 5.

Meanwhile, inflation is starting to kick in, so we can soon expect interest rates to rise. Along with food, clothing, and energy prices.

I predict soup lines. Followed by pitchforks. And maybe funny hats.

65 Replies to “Progress”

  1. McGehee says:

    I’m investing in tar futures. Feathers, on the other hand, are tricky; will 21st-century mobs insist on feathers from only free-range chickens?

  2. Jeff G. says:

    And yet these “protesters” in Wisconsin — with their Hitler signs and their Egypt comparisons — are bitching about having to contribute to their own retirement, insisting that the out of work or underemployed pay for it instead.

    Were I in Madison, my counter-protest would be a wonder to behold.

  3. Jeff G. says:

    Seriously. Were I governor I’d fire them all, then rehire whomever wants a job under the new conditions that the state finds economically sustainable.

  4. Ernst Schreiber says:

    The Left is finally getting what they’ve always wanted.

    But I have to admit, I never guessed that the European level of unemployment would arrive first.

  5. TmjUtah says:

    I’ve taken strong positions in commodity metals,canned goods, potable water, and three different rifle calibers.

    I’m a diversified investor in These Modern Times.

    Watching it all unfold almost like I thought it would is… just damned depressing.

    It’s a coup. Not an administration.

    Can somebody pop me an email on how to get an avatar…?

  6. JD says:

    Fire them all.

  7. newrouter says:

    “Can somebody pop me an email on how to get an avatar…?”

    sign in at gravatar.com and pick an image

  8. Joe says:

    Most people do not have pitchforks anymore. But they might use their golf clubs and ski poles. It is not like they are going to be able to sell them or afford to use them anymore. At least not the way they were originally intended.

  9. Joe says:

    Happy days are here again!

  10. Bob Reed says:

    The latest talking point in WI centers around a “study” by Soros’ Economic Policy Istitue that claims that WI public employees are underpaid compared to their private sector counterparts. Just be patient, you’ll see it trotted out a lot; some guy laid it on me at Dan’s site today in the comments, and self-righteously challenged me to argue the content of the “study” and not the source.

    ( http://tiny.cc/2e60n )

    Which I happily did. Skimming the content of his link several serious flaws became apparent immediately. The first among these was the assertion that public employees recieve more of their “compensation” in the form of non-salary benefits than their private sector counterparts. But, it chose not to detail the differences in the benefit packages recieved for said compensation; there can be no direct comparison between the Cadillac health-care and retirement plans of the public employees to the most certainly lesser ones that the private sector employees recieve.

    And astoundingly the same “study” asserts that the public employees recieve less vacation/holiday/sick leave than their private counterparts, to which, all I can say is BS in spades…

    They don’t actually directly compare types of employees, but instead resort to more subjective measures of “human capital” instead, which is a clear indicator that fudge factors were introduced; speaking as one who’s done more than a bit of data analysis and reduction in my time.

    Instead they primarily rely on education level to draw comparisons, which is patently devious, since teachers especially are required to have Master’s degrees, and in many non-blue-collar public employment situations one reaches a cieling on salary that can only be transcended by advanced degrees; while in the private sector most employees with higher levels of education are in professional or manegerial positions.

    So the study is largely comparing apples to oranges, so to speak. By using education as the basis, in most cases they are comparing bureaucrats to upper-level private management.

    So be ready for them to challenge us to answer this study, or for the lefties to cite it arbitrarily as part of an argument that Walker’s act is not only unfair because of the “assault” on unions, but because the premise of WI public employees being “over-compensated” is false.

    Never mind that all Walkers proposing is that they pay for marginally higher portion of their health and pension plans, as well as only being able to collectively bargain for pay, and not benefits. And, you know, essentially giving them as “open shop” clause; the choice whether to opt-out of union membership-which is the real problem that the public employees have with this.

  11. Bob Reed says:

    Sorry, that was OT for this thread, I meant it for the “Wisconsin” thread.

  12. serr8d says:

    I’m enjoying the lefty meltdowns in Wisconsin and Ohio. Finally we get a preview of what’s coming, albeit but a tiny exhibition…tiny, so far. These clowns, Union thugs all, are doing themselves a great disservice. Teachers, cops, firemen, bussed-in activists, kids who should’ve been in class; these demonstrations only serve to highlight the Democrat’s dependence on the Unions and their willingness to do whatever it takes to keep the Unions in power, to keep themselves in power. Every minute this goes on is bad news for Democrats.

    If only Governor Walker and Republicans can hold on long enough to win this one. If not, the national repercussions will be devastating to our side.

    We should send reinforcements.

  13. serr8d says:

    Sorry, that was OT for this thread

    I blame Bob Reed. )

    Test: PALIN ! PALIN ! PALIN !

    ;D

  14. Ernst Schreiber says:

    We should send reinforcements.

    The Tea-Party seems to be on the case already.

    What was that Pat Buchanan said back in ’92?

  15. Obstreperous Infidel says:

    Were I in Wisconsin, I’d be beating the ever living shit out of some SEIU and Teacher union fucks. But then again, I’m a mofo with anger management issues. I happen to have the opportunity to work with government union morons and my only story regarding them is this; they had a chance to vote on either letting people lose their jobs or everyone having furlough days. The compassionate government union workers choice? Lay the fucks off. I loathe them all.

  16. TmjUtah says:

    Thankee, newrouter!

  17. AJB says:

    Walker gins up ‘crisis’ to reward cronies:

    In its Jan. 31 memo to legislators on the condition of the state’s budget, the Fiscal Bureau determined that the state will end the year with a balance of $121.4 million.

    To the extent that there is an imbalance — Walker claims there is a $137 million deficit — it is not because of a drop in revenues or increases in the cost of state employee contracts, benefits or pensions. It is because Walker and his allies pushed through $140 million in new spending for special-interest groups in January. If the Legislature were simply to rescind Walker’s new spending schemes — or delay their implementation until they are offset by fresh revenues — the “crisis” would not exist.

    Also: not sure how firing civil servants is going to decrease unemployment and magically restart the economy.

    And the (federal) deficit is mostly a result of an under-taxed economic elite and a depression caused by reckless speculation. Unions are just a scapegoat.

  18. JD says:

    Fuck you and your fucking lies you lying fucker, AJB.

  19. I Callahan says:

    Why do you waste the hosts, commenters, and your time posting, AJB? You don’t have the balls to back up what you post when you’re called on it.

    Jesus, what a coward.

  20. LTC John says:

    Jeff, tell me about it… our business (commercial insurance, workers comp) is tied to employment and sales, etc. I can see when things are good, bad or indifferent in employment and macroeconomic activity… “bad” is where we are at right now.

    But don’t ask a public employee union memeber to give one dime to their own retirement or health care. I’d love to show them what has been going on in the real world.

  21. JD says:

    Bad. And getting worse, LtC John.

    Oh, and fuck you, AJB.

  22. Bob Reed says:

    So, AJB,

    If we extrapolate the argument you put forth to the Federal level, then, instead of having to face the “DRACONIAN CUTS!11!1!(eleventy)” that you and your ilk are vrying and gnashing teeth about, why can’t we just rescind all of the budgetary increases that Obama has dictated since his regime took office?

    Better yet, AJB, why not roll back budgetary targets to 2006, the year the Democrats took control of Congress?

  23. Jeff G. says:

    AJB quotes something that tells me it is a “progressive voice.” Good lord. I particularly like this bit:

    State Rep. Mark Pocan, D-Madison, sums up this scheming accurately when he says: “In one fell swoop, Gov. Walker is trying to institute a sweeping radical and dangerous notion that will return Wisconsin to the days when land barons and railroad tycoons controlled the political elites in Madison.”

    Minorities, women, and Our Gang hardest hit.

  24. LTC John says:

    “Contribute to our own retirements?!!1!11 Why that is tantamount to having Pinkertons break skulls!” (D-WI)

  25. newrouter says:

    “that will return Wisconsin to the days when land barons and railroad tycoons controlled the political elites in Madison.””

    can’t have that when ” public employee unions control the political elites in Madison ” on noes cupcake

  26. newrouter says:

    “railroad tycoons ”

    don’t like high speed rail

  27. newrouter says:

    public sector unionism is the funny

  28. dicentra says:

    Were I in Madison, my counter-protest would be a wonder to behold.

    Hey, if the fire spreads to Denver, we’re gonna insist on video.

  29. serr8d says:

    From comments in AJB’s link (seems that the ‘cost’ to State workers will be $5,000/yr, an insurmountable amount to one of the whining Union posters)…

    econamike said on: February 16, 2011, 4:04 pm
    @hrt

    Not to be cold, but welcome to the “real world”.

    We’ve never had cable and only recently got our first TracPhone.

    We’ve already been shopping at Walmart (and Aldi’s) for years. We only eat out (including fast food) a few times a year and go to movies far less than that.

    We make less than $30,000, have no health insurance, no pension and don’t get Martin Luther King day off. If I were to take the health insurance offered by my company, I’d have to pay 40% of the premiums. On top of that, I took a 20% pay cut for over a year when we were knocked down to 4 days a week.

    Yet 10% of my income is taken from me in the form of property taxes so that “you” can have all these things leaving me unable to afford them. And another 7% is taken from me so that I can pay for the people on Social Security & Medicare (that money is not set aside for my retirement), another 5% for sales tax…

    What percentage of people do you think are in my situation?
    And can you see why people like me see “you” as a bunch of ungrateful whiners?

    You ask “Where will your private sector profits come from when you cut back on your spending?”

    Here’s your answer: The $5,000 you won’t have doesn’t just disappear… it stays in the pocket of the original person that earned it. Wow, I bet you never though of it like that.

    Believe it or not, other people will get to keep more of their paychecks and they will spend that $5,000 instead of you.

    There are “tax payers” and “tax takers”. The “tax takers” need to understand that every dollar they receive is taken directly from someone else.

    Is life easy? NO
    Is life fair? NO

    But if people like me can’t afford people like “you” all I have to say is sorry, the gravy train is slowing down – deal with it like the rest of us have had to for the last 2 years.

    Times are tough. Get a helmet.

  30. Stephanie says:

    OMG Di. Back in HS I used to be a hair model. I had hair that was about mid thigh level, thick (not the hair itself just massive amounts of follicles producing it), medium brown and wonderfully straight. I had my hair Bo Derek’d, teased, colored (purple, mahogany etc) and braided. The weirdest was the time they put all my hair in an updo that looked like a braided three tiered wedding cake with stephanotis entwined.

    I still have nightmares. Cindy Lou Who had nothin on me. Now I’d kill for straight hair. Still have just as much hair, but it’s wavy due to the grey that started in at 21, AND I’ve gone blonde to keep from having to color it every three weeks to avoid the ‘racing stripe’ and it’s only shoulder length as I can’t fathom having to iron more than that. Sigh.

  31. Pablo says:

    State Rep. Mark Pocan, D-Madison, sums up this scheming accurately when he says: “In one fell swoop, Gov. Walker is trying to institute a sweeping radical and dangerous notion that will return Wisconsin to the days when land barons and railroad tycoons controlled the political elites in Madison.”

    He actually said that? Heh.

    Me, I’m thinking about the myriad ways in which “Cash For Clunkers” can be repurposed.

  32. ThomasD says:

    On the plus side we’ll never be entirely clear of the real estate bust until after interest rates peak out…

    How’s that for a silver lining?

  33. McGehee says:

    If there were an ice-cube’s chance in hell of AJB coming back to pick up the ass that everyone upthread is offering to hand him, I’d say “FUAJB.”

    But there isn’t, so I won’t.

  34. Stephanie says:

    http://spectator.org/blog/2011/02/17/judge-drill-baby-drill

    Today, the Obama Administration’s de facto drilling moratorium in the Gulf of Mexico was once again struck down in Federal Court. U.S. District Judge Martin Feldman granted a preliminary injunction requiring that the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) act within 30 days on five pending permit applications from Ensco.

  35. Stephanie says:

    http://pajamasmedia.com/richardfernandez/2011/02/17/shame-come-back-shame/

    The trouble with one more time, is that finally it gets to be the last one. For the unions, the problem with giving an inch is the admission that retreat is possible. And once the unions start going back, who knows where it may end? Even in the midst of this budget crisis, the Milwaukee teachers have held out for viagra coverage, according to the Associated Press. “The union has asked a judge to order the school board to again include Pfizer Inc.’s erectile dysfunction drug and similar pills in its health insurance plans.”

    Fuckers.

  36. David Block says:

    Don’t really want to rag on the host’s math, but 10.1 + 19.6 = 29.7. 33 would be 1 in 3. The underemployed is only 0.4 from being 1 in 5 all by its lonesome self.

    Depressing, ain’t it?

  37. Bob Reed says:

    You don’t add thow numbers together David. The smaller one is a component of the greater…

  38. dicentra says:

    Steph: fifty bux says it’s not her own hair, but who cares? It’s kinda cool.

    My hair right now is down to my waist, reddish brown, thick, and wavy when wet. I used to envy my next-door neighbor, because when her mom made two braids, the braids were the same thickness at the top as at the bottom. Mine were fat at the top and skimpy at the bottom.

    Still can’t do a damn thing with my hair, but what the hey.

  39. alppuccino says:

    Tips for counter protesting:

    Eat light beforehand.

    Glue your sign to an ax handle.

    When the shit starts, keep left arm straight and start swing with your lower body.

  40. B. Moe says:

    Also: not sure how firing civil servants is going to decrease unemployment and magically restart the economy.

    I would suggest you shut up, pay attention, and take good notes until you figure it out.

  41. Sarah Rolph says:

    “Seriously. Were I governor I’d fire them all, then rehire whomever wants a job under the new conditions that the state finds economically sustainable.”

    Exactly so. Then let’s see what the test scores look like after a year of teaching by people who don’t have Ed degrees and aren’t unionized. Be an interesting experiment.

  42. JD says:

    Sarah Rolph eats boogers. Who is proposing that teachers not need degrees? Did unions teach you how to slaughter straw people?

  43. Silver Whistle says:

    Seriously. Were I governor I’d fire them all, then rehire whomever wants a job under the new conditions that the state finds economically sustainable.

    Absolutely. Go Reagan on their asses. Any state employee who thinks the taxpayer should pick up the tab for their retirement and benefits should explain themselves to their employer, the taxpayer.

  44. Ernst Schreiber says:

    [L]et’s see what the test scores look like after a year of teaching by people who don’t have Ed degrees and aren’t unionized. Be an interesting experiment.

    You mean people like homeschooling stay-at-home moms? Put them in the classrooms instead people who spent four years learning teaching strategies instead mastering a discipline? That would be an interesting experiment!

  45. Carin says:

    Exactly so. Then let’s see what the test scores look like after a year of teaching by people who don’t have Ed degrees and aren’t unionized. Be an interesting experiment.

    Ba haa haaaa …

    I have an Ed degree. all my room mates in college were Ed majors. BAh aahh aa haaa haaaa.

    If you think having an education degrees makes someone a good teacher, you’re detached from reality.

    There is a reason all the dumb jocks in college are Ed majors.

  46. Carin says:

    ? Put them in the classrooms instead people who spent four years learning teaching strategies instead mastering a discipline

    My elementary ed roommates used to have tests on their ability to perform BASIC math. And simple rhyming.

    Ha haa a

    Go go, ga ga
    Do do, da da

    My husband and I still laugh about that one.

    So, how can you say they weren’t “mastering a discipline”. Ha ha haa ….

  47. Ernst Schreiber says:

    El. ed. is a bit of a gray area, I have to admit.

    On the other hand, if the current curriculum czars hadn’t kicked grammar to the curb, I wouldn’t be teaching my daughter Latin on the weekends, would I?

    (Yeah. Probably I would)

  48. Ernst Schreiber says:

    I started college as Secondary Ed. major, with concentration in Social Studies (don’t ask me what that means, because I don’t remember); wanted to teach h.s. history. Walked away after two quarters because I coudn’t stand all the hippy-dippy feel good bullshit coming out of that deptartment.

  49. Carin says:

    It all goes back to fucking John Dewey.

  50. Carin says:

    I was Masters, secondary Ed, English, with a reading endorsement.

    You know what I learned after all those courses on “reading” – how to help problem readers? The magic bullet?

    To help problem readers, you must get them to read more.

    GENIUS.

    I’m sure glad I have a graduate degree so I have the authority to dispense such sage advice.

  51. Ernst Schreiber says:

    Never expand an abbreviation I guess. Although “tart” describes a number of the co-eds I remember, however vaguely. No wonder we’ve had an outbreak of scandalous teacher-on-student action since the mid-90s.

  52. Ernst Schreiber says:

    It all goes back to fucking John Dewey.

    The hot teacher on student action? I’d blame Margaret Mead myself.

    Wait. Are we talking about the same thing [grin]

  53. LTC John says:

    Are you all sure Sarah wasn’t making a valid point – without the union crap and with teachers that have more than an Education degree, what might we achieve?

    I used to substitute teach middle and high school – I have a BA and MA in History and a Juris Doctorate – but I was not “qualified” to be a full time teacher. How on Earth could I have taught History or Civics at a High School level?!? Oh, I ended up teaching a college course on law and ethics, somehow…

  54. Squid says:

    To AJB’s credit, he did link an article that advocates for simplifying the tax code, arguing that dropping the corporate tax rate to a reasonable number and taking out all the current loopholes would have the salutary effect of simplifying everyone’s lives and raising more revenue at the same time.

    Thank you, AJB, for proving that you’re not completely ineducable. I never thought I’d see the day when you’d advocate for lower, simpler taxes.

  55. Carin says:

    Yea, I think you’re right. I took Sarah as sarcasm.

  56. Squid says:

    Most people do not have pitchforks anymore. But they might use their golf clubs and ski poles.

    My marketing department would like to have a word with you, Joe…

  57. Squid says:

    Are you saying some of us may lack reading comprehension skills?

    BECAUSE OF THE IRONY!

  58. JimK says:

    They think they can fool us about inflation by hanging the housing prices on the index. They forget we have to shop for our own groceries and buy our own gas.

  59. Ernst Schreiber says:

    Well, it’s her own fault for using charged language. She should have chosen her words more carefully if she wanted to be really helpful. You know, exercise some responsibility for her words so that they couldn’t be willfully misconstrued.

  60. mojo says:

    Five to one, baby
    One in five
    No one here gets out alive…
    — The Doors

  61. Entropy says:

    That’s one good thing about all these teachers calling in sick to strike.

    A bunch of the political hacks (of the sort that drag the children to the protest and liberal politics into the classroom) basically identified themselves for us, and are now ripe for firing.

    That is, if anyone has the balls to take advantage of it.

Comments are closed.