Saturday, February 3, 2018
Friday, February 2, 2018
According to Trump's own government, he's either destroyed 72,000 jobs a month since his election or created 182,000 per month, take your pick
And if it's +182,000 per month, that's not a jobs boom.
A jobs boom would average well north of 200,000. Even the most recent three month average is south of that, at 192,000 per month.
Year over year in January total nonfarm is increasing at best by 176,000 per month, or 2.1 million a year, not the 2.4 million Trump claimed in his SOTU message.
Lies, damned lies, and statistics. But these are Trump's, both the lies and the reality.
Thursday, February 1, 2018
Grand Rapids, Michigan, Climate Update For January 2018
Grand Rapids, Michigan, Climate Update for January 2018
Max temp 58, Mean Max temp 48
Min temp -11, Mean Min temp -3
Av temp 24.9, Mean Av temp 23.7
Precip 2.12, Mean precip 2.05
Snowfall 12.6, Mean snowfall 18.5
Snowfall season to date 46.1, Mean Snowfall season to date 41.4
Heating Degree Days 1235, Mean Heating Degree Days 1271
HDD Season to date 3678, HDD Mean Season to date 3759
It takes a cuck to make a cuck: Another president betrays his supporters
Here:
The first pillar of our framework generously offers a path to citizenship for 1.8 million illegal immigrants who were brought here by their parents at a young age — that covers almost three times more people than the previous administration. Under our plan, those who meet education and work requirements, and show good moral character, will be able to become full citizens of the United States.
Wednesday, January 31, 2018
Sorry, Trump didn't create 2.4 million jobs "since his election", and even if he did, that sucks
Not even the fact-checkers seem to want to get this right. Is the whole country taking stupid pills?
Total nonfarm, not seasonally adjusted, stood at 146.393 million in November 2016. In December 2017 the level was 148.346 million, an increase of 1.95 million.
Seasonally adjusted, the increase went from 145.170 million to 147.380 million, an increase of 2.21 million.
The former figure is 150,000 per month (13 months), the latter 170,000 per month. Meanwhile Trump is claiming 184,462 per month.
These are terrible numbers, including Trump's, which however also appear to be cooked on a bonfire.
In a booming economy, monthly increases well above 200,000 are indicated. That's what we got under Reagan and Clinton, but not now, not by a long shot.
Turn away from these Establishment Survey numbers and consider the Household Survey figures and the picture looks even worse.
Not seasonally adjusted the sum of usually full-time and usually part-time is up just 1.216 million in 13 months. This has been seasonally adjusted up to barely 1.9 million. We're talking 93,500 per month to 146,000 per month, quite the spread. Not exactly confidence inspiring numbers.
The truth is that employment gains have gone soft in 2017 compared with 2016, down about 15%. In the 13 months up to November 2016, total nonfarm jobs seasonally adjusted increased at a monthly pace of not quite 200,000 which was nearly 18% better than under Trump so far.
Trump better hope hiring picks up soon, or this charade will quickly be seen for what it is, all hat and no saddle.
Still waiting for the boom.
Memo to Trump: We need jobs before paid medical leave from them
Compared to twenty years ago, total employed in this country as a percentage of population is lagging by 2 million.
Maybe the president ought to think about remedying that first. What good is paid medical leave from a job I don't have?
This is what you get when the daughter has the president's ear instead of the voters.
Tuesday, January 30, 2018
We've had facts vs. alternative facts, but now Nancy Pelosi introduces "classified facts"
Which, since we're never going to be allowed to see them, mean only some people have the true but secret knowledge, right?
So we're supposed to just trust authority, you know, like her.
Nancy Pelosi is Exhibit A for the enemy in The Open Society and Its Enemies, but there are twenty-five more letters in the alphabet, and hardly enough.
Pelosi, quoted here:
"What they're putting forth is a total misrepresentation. It is false," Pelosi told CNN's Chris Cuomo. "In order to refute it, you'd have to tell the facts, and the facts are classified."
Monday, January 29, 2018
Bernie Sanders understands open borders is what the libertarian Koch brothers want, but he doesn't
Here, where he says open borders are harmful to ordinary Americans' wages.
Why is it the only prominent politician who really truly gets it is the socialist Bernie Sanders? Donald Trump, by contrast, has claimed American wages are too high and does not support increases to the minimum wage.
Maybe Bernie's not really a socialist as he claims. True socialists welcome free trade and open borders because they know that equalizing wages globally will hasten the revolution of the proletariat since it widens the gap between rich and poor to the extreme, driving wages down in a race to the bottom, ending in a violent overthrow of the rich capitalist owners.
Instead Bernie believes in the US nation state. If he's a socialist, he's a national socialist. He just can't say it. Instead he calls himself a democratic socialist.
Labels:
Bernie,
Donald Trump 2018,
fascist,
free-trade,
Koch Brothers,
open borders,
YouTube
Sunday, January 28, 2018
Saturday, January 27, 2018
Global stock insanity, Swiss edition: Swiss National Bank balance sheet shows almost $100 billion in US stocks
From the story here:
It’s all fun and good to speculate on the SNB equity price, but I am more interested in what the SNB’s behaviour means for the global markets going forward.
The real problem is that a Central Bank just monetized their balance sheet against another country’s equity market, and instead of getting punished for this reckless behaviour, the markets are celebrating the Swiss good fortune. And I ask you - have you ever seen Central Bankers not behave like a bunch of antelopes on the Serengeti? It is an amazingly disturbing precedent.
Illinois legislature calls the market top, plans to borrow $107 billion and invest it to rescue failing pension system
From the story here:
(Bloomberg) — Springfield lawmakers are so desperate to shore up the state's massively underfunded retirement system that they're willing to entertain an eye-popping wager: Borrowing $107 billion and letting it ride in the financial markets.
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