Distress Signals

So the economy is chugging along, huh? You probably don’t believe it either.

But if the MSM wants to find data to support their theory, they do. It doesn’t matter if it’s true or relevant. Anything to persuade us that Obama is doing a good job of steering the economy out of troubled waters towards prosperity’s shore.

Personal experience begs to differ.

Last week I needed a plumber. As Midtown residents know, old houses often need repairs. A sink got stopped up and it was time to call the plumber. I called at 8 a.m. Monday morning; by 9 a.m. the plumber had shown up. I had expected a day long wait or even an appointment a few days away.

No, the plumber said, business was off and had been. He complained that the economy had not recovered and he no longer believed what the government said. All unprompted, by the way. He did his job efficiently and reasonably.

Later that week, a young driver in a jeep failed to stop in time and hit my bumper. He punched two holes in it. We exchanged insurance information, I contacted his company and they set up a repair appointment. I got to the body shop a few minutes early, but an adjustor came out immediately, looked at the damage, sent me to another person who immediately got the information and arranged for a rental car. Oddly enough, another client was talking about the economy at another desk. I listened in and heard him throw out well based opinions on the economy and its perilous state.

Before I even got home, the repair shop called and told me what the damage was, the cost and the estimated repair time. Later that afternoon, I called and was told it would be ready in the morning. It was. Again I was treated courteously, kept informed at all times and left just 26 hours after I brought it in.

When I got home, a rental employee called and asked me if everything had gone well. He said I would be surveyed by the company later to evaluate his performance. The woman at the claims desk had told me that, too. Her eyes telegraphed that she was concerned for her job and his voice did, too. I reassured them both.

Then, I called someone about a plaster job on a wall. He was ready to come out immediately and repair it.

It doesn’t seem like American workers have suddenly had an epiphany. What’s going on is that business is down and there isn’t much work. People are worried about their jobs.

To me, this is more telling than the data doled out by the bureaucracy, stock market fluctuations or jobless rates B.S. from the BLS.

needed to call a plumber, accident, plasterer/painter.

Unemployment at 8.5%?

Turnip Truck

Does Obama think we just fell off the turnip truck?

Just 8.5 percent? No way says ZeroHedge blog. He says the “real jobless rate is 11.4% with a realistic labor force participation rate.

One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people “drop out” of the labor force for one reason or another. While there is some floating speculation that this is due to early retirement, this is completely counterfactual when one also considers the overall rise in the general civilian non institutional population. In order to back out this fudge we are redoing an analysis we did first back in August 2010, which shows what the real unemployment rate would be using a realistic labor force participation rate. To get that we used the average rate since 1980, or ever since the great moderation began. As it happens, this long-term average is 65.8%.

We then apply this participation rate to the civilian noninstitutional population to get what an “implied” labor force number is, and additionally calculate the implied unemployed using this more realistic labor force. We then show the difference between the reported and implied unemployed.

Finally, we calculate the jobless rate using this new implied data. It won’t surprise anyone that as of December, the real implied unemployment rate was 11.4%

…basically where it has been since 2009. And because we know this will be the next question, extending this lunacy, America will officially have no unemployed, when the Labor Force Participation rate hits 58.5%, which should be just before the presidential election.”

He has charts at his blog that illustrate his points.

The main stream media can tout these numbers all they like, but America isn’t buying it. Even my plumber told me (we were not discussing politics) that he “doesn’t believe any numbers the government puts out any more.”

Yes, that’s what eventually happens in dictatorships.

Tea Party Brew-haha

Have you seen this clip of Tea Party members asking President Obama questions yesterday on his bus tour?

It’s an amazing moment, reminiscent of Joe the Plumber. Iowa Tea Party found Ryan Rhodes dared to ask the president about his administration labeling Tea Party members as terrorists. A woman elaborates on it and Obama has some comments for them.

Some are saying that Rhodes and his friend were wrong to approach the president like that. It was too confrontational for some people’s taste. Former Bush Press Secretary Dana Perino said it made her feel “uncomfortable.”

She and they are dead wrong.

If the activists had been invited to the Oval office or some other function and they brought up these questions, it would be a different matter. Rhodes was polite. He did not lose his cool. His supporters did not chant or harass. Remember how Code Pink camped out in Crawford, Texas, when President Bush went there? Bush went for vacation, not for a campaign stop, still they harassed him.

This bus tour is nothing but a campaign stunt: glad handing, GOP bashing, John Philip Sousa music blaring. Why can’t an American ask a few questions as Obama is trolling for votes? After all, we all paid for those buses, said to cost $2.2 million since they had to be specially outfitted.

Rhodes says that the president “gets a free pass.” He wondered why he “wants to demonize the other side.” True, the media is not going to ask those questions for us. Somebody should. He did.

Fascinating, too, is Obama’s response. He said “now the truth of the matter is, considering what is said about me…” so it always comes back to him, as it does with narcissists. Obama wanted to deflect any barbs coming at him to play the victim card. We’ve all seen that stratagem too many times.

People forget that the early days of our republic did not put the president in an untouchable office. Americans did not refrain from confronting or questioning them.

Obama should be no different.

Troubling Trends

Share Your WealthDisturbing incidents keep popping up in the news lately. Nothing that’s an earth shaking story, but trends that don’t look good for our republic.

For instance, today President Obama told the Chamber of Commerce that corporate profits “must be shared by the American worker.” We got a whiff of this with Joe the Plumber and the redistribution of wealth comment. Does Obama feel confident enough in his ratings to start this push?

Also today, the  FCC has announced it will use the Emergency Alert System, those routinely sounded alarms, to make presidential announcements in the future. “The primary goal is to provide the president with a mechanism to communicate with the American public during times of  national emergency,” a spokesman said. Does this sound like the United States or a third world banana republic?

Recently, the Wall Street Journal quoted John Heilemann, co-author of “Game Change,” who wrote some interesting tidbits in New York Magazine. Washington players shared some thoughts with him such as “President Obama rarely consulted outside the tiny charmed circle surrounding him in the White House. What you had was really 3 or 4 people running the government. I thought they put a pretty good Cabinet together, but most of those guys might as well be in the witness protection program.” Another told him, “I happen to know most of the Cabinet pretty well and I get together with them indivdually for lunch,” said one of the most respected Democrat bigwigs in Washington. “I’ve had half a dozen Cabinet members say that in the first two years, they never had one call – not one call – from the president.”

So who are these unelected people running the country? Suggestions are the chief one is Valerie Jarrett, an old friend from Chicago. She also happens to have been born in Iran to American parents. She didn’t live here the first five years of her life. One wonders what her priorities are. And there is no way to check her power since she is only accountable to the president.

When Obama spoke at the National Prayer breakfast on Thursday, he once again said some things that caused many to prick up their ears. He said, “My father, who I barely knew – I only met once for a month in my entire life – was said to be a non-believer.”

This is troubling on several levels. First, Obama had previously said that his father and mother lived together in Hawaii until he was two. Another time there was the story of Obama Sr. visiting the Dunham clan in Hawaii Christmas 1971. Which is it? Why the discrepanacies?

Then, when you consider the term “non believer” is used by Muslims to describe everyone outside Islam, it strikes you as an odd choice of words.

There is also the recently disclosed information that Homeland Security Secretary Janet Napolitano secretly met with the Muslim Brotherhood in 2010.

Obama pals William Ayers and Bernadine Dohrn helped the Free Gaza flotilla that engaged in clashes with Israeli  troops, as did Code Pink. What were they doing that for?

When you consider that we have a press that will gloss over any troubling thing he says, and refuses to delve into any of his background or motives,  you wonder how the truth can get out. And what don’t we know?