Saturday, December 3, 2011

Mathematics is the only pure science..

-Yesterday both pp and the Zipper attended the same gathering. Zip got up first to speak. He said during his spiel, the most honest words he has ever said, "This economy is lousy." or words to that affect.
-Staggering to the mic, pp continued his standard stump speech...unemployment rate dropped from 9.0% to 8.6% and 140,000 new jobs created last month adding to the millions already employed. Progress has been slow, but now Congress must improve a small piece of my American Worker Bill...extend the 2% tax break to each working American and to extend the unemployment benefits...forever? No hint as to how this "handup" will be paid for. pp concluded, Congress has to pass this opportunity, especially at this time of year. Hinting the 1% ers move about their world as if nothing is wrong, which includes him, I guess.

-Fact check: The Zip was absoletly correct "this economy is lousy", but he did not go on to explain the pain we are experiencing is self induced by pp's policies. pp overstated the number of new job created at 140,000 Vs 120,000 stated by BLS earlier in the day. The reduction in the Rate of Unemployed 9.0% to 8.6% was attributable in part to new hires above, and the fact 315,000 people were dropped from the BLS rolls. Nothing was said about the seasonally adjusted 402,000 new filing for unemployment benefits. There are some 13 M (more like 15 to 17M) people out of work. As far as the 2% tax cut for working American is taken from the Social Security's employee's share, which mean this fund will crash sooner.
-Mathamaics is the only true science, but that excludes inside the I-495 beltway.

No comments:

Post a Comment