Thursday, October 15, 2015

Rush Limbaugh thinks the 46 million on food stamps are the U-3 "counted" unemployed, many of whom actually can and do work

Yesterday, here:

"Today, there are 46 million Americans unemployed, and 94 million not working. Now, these 46 million people, these are the counted unemployed. This is the U-3 number. The counted unemployed represent 14% of the population."

Limbaugh somehow gets this convoluted mess from here, which he cites but which clearly states the 46 million are those on food stamps, not the U-3 "counted" unemployed:

"The reason you don’t see huge lines of people waiting in soup lines during this Greater Depression is because the government has figured out how to disguise suffering through modern technology. During the height of the Great Depression in 1933, there were 12.8 million Americans unemployed. These were the men pictured in the soup lines. Today, there are 46 million Americans in an electronic soup kitchen line, as their food is distributed through EBT cards (with that angel of mercy JP Morgan reaping billions in profits by processing the transactions). These 46 million people represent 14% of the U.S. population." 

In the latest Employment Situation Summary from the Bureau of Labor Statistics for September, those actually counted as unemployed are listed at 7.915 million (2.5% of the population) and the not counted as unemployed at 1.9 million:

"In September, the unemployment rate held at 5.1 percent, and the number of unemployed persons (7.9 million) changed little. Over the year, the unemployment rate and the number of unemployed persons were down by 0.8 percentage point and 1.3 million, respectively. (See table A-1.) . . . In September, 1.9 million persons were marginally attached to the labor force, down by 305,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)"

U-3 is not a number in millions as Limbaugh says but a rate, the percentage of the labor force which is unemployed (7.915 million / 156.715 million), namely 5.1%.

Limbaugh doesn't understand that lots of employed people get food stamps. Individuals grossing up to $15,312 annually can still qualify for assistance.

Almost 49 million individuals made up to but not more than $15,000 annually in 2014.

The unemployed in Sept. 2015 numbered 7.9 million

U-3 is a percentage

Wednesday, October 14, 2015

Why Trump is doomed

Ed Rogers, here:

"Clinton can talk about the issues, and Trump can’t."

Democrat debate audience gave Hillary just 17 votes out of 233, coming in third behind Sanders the overwhelming winner and O'Malley

From the story here:

"Not everybody voted, but when it was all over, Bernie was the big winner, with 139 votes. O'Malley came in second with 67 votes."

Democrats win by circling the wagons while Republicans stage circular firing squads

Bernie Sanders rallied around Hillary Clinton tonight over her e-mail problems, admitting it wasn't in his political interests to do so. The two of them almost made love on stage. The crowd went nuts.

Democrats understand the principle: don't help your enemies, help your friends.


Tuesday, October 13, 2015

The Democrat debate was all about fixing America after two failed terms of a Democrat president


If you don't think FOX and the WSJ are polling to undo Trump then you probably don't believe that Bush and Ayotte planted Batchelder in Trump's audience

Story here.

Only the Rupert Murdoch owned polls show Trump and Carson neck and neck, otherwise Trump averages +8.75 and the libertarian IBD poll is clearly a lying outlier


Conservative news sarcasm alert: 97% of those 94.6 million not in the labor force aren't lazy bums after all

They're the 92 million who are in high school, college, and graduate school full-time, or who are raising the kids at home, or are disabled, or are over 65 years of age, retired and drawing Social Security.

Just 3% don't fit into any of those categories, or about 2.8 million people, that's it.

These are the  truly "marginally attached" who aren't counted as unemployed.

The Bureau of Labor Statistics says about them:

"These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey."

The BLS estimates they number 1.9 million in September. This analysis puts them about a million higher than that. Both can't be right but the margin of error is only 1%.

The government's estimate is close enough, I'd say.

Monday, October 12, 2015

Trump's success teaches that Republican voters are not libertarian ideologues

So says John Reid, here:

'Yet if the Trump’s enduring success has taught us anything [it] is that Republican voters are not libertarian ideologues. He recognizes that politics is about “Who, whom?”'

Rush Limbaugh sticks up for the traditional family against National Review and Kevin Williamson

And Williamson is stung by it, here.

Rush is right. National Review used to be a conservative magazine. Now it's a libertarian one:

"This all took place [says Williamson] in the context of a discussion of Mississippi governor Phil Bryant’s boneheaded remarks about working mothers. It was conventional-wisdom stuff — that children do better when the mother is at home rather than working outside it — and, as is very often the case, the conventional wisdom is wrong here."

Not alienating potential voters is more important to libertarians than defending what is right.  

Conservative news sarcasm alert: 2% of those 94.6 million lazy bums not in the labor force who eat but don't work pursue graduate degrees full-time


Sunday, October 11, 2015

Young "journalist" recently making $5,600 a month actually believes it's cheaper to eat out

Seen here:

'Technology has had a hand in widening the wealth gap and eliminating much of the middle-class since this industry shift began decades ago. But with the other hand, tech scoops up and delivers old promises of middle-class life and delivers them to the new poor. It’s cheaper to eat out, to shop, to entertain yourself, and to obtain consumer technology that makes all those things even more convenient, even on just $21,000 a year. A knowledge economy is sometimes referred to as “an economics of abundance, not scarcity.” It’s really an economics of scarcity with the appearance of abundance.'

Uh huh. She spends more time tweeting (14x/day) than researching, thinking or cooking, otherwise she'd know a single person can eat like a king three times a day for less than $3,500 a year simply by shunning food prepared in restaurants, fast food eateries and delicatessens and cooking entirely for oneself at home. Alcohol and toilet paper included. At $12.75 twice a day it costs $9,300 a year to eat out, once a day over $4,600. And you have to use the public sandpaper.

Spending a minimum of 22% of income on food for just one meal a day is crazy, and way too close to the housing component which should never exceed 28-32% of income.

Kids these days.



It's Trump, Carson, CRUZ and Rubio in latest CBS poll, Trump firmly in lead with 23.7% in Real Clear Politics poll average


The Detroit News calls the libertarian Freedom Caucus "brats", wants Boehner back at least temporarily


"Too many House Republicans have taken their eyes off the prize. Rather than craft a patient strategy to position themselves as the party of adult leadership in a broken Washington, they have become battling brats intent on mounting quixotic fights they can’t win in the interest of proving their conservative cred."

The Freedom Caucus is doing what libertarians customarily do to Republicans in election contests

Keep them from getting elected, and advance Democrats to power. It's their reason for existing.

When are Republicans finally going to say enough is enough and throw them out?


Conservative news sarcasm alert: 13% of those 94.6 million lazy bums not in the labor force who eat but don't work stay home to raise the kids

10.4 million mothers and 2 million fathers stayed home to raise kids in 2012

Saturday, October 10, 2015

Conservative news sarcasm alert: 11.5% of those 94.6 million lazy bums not in the labor force who eat but don't work are disabled working-age people


Average age of a car on the road climbs from 11.4 years in 2014 to 11.5 years in 2015

IHS Inc. reported here at the end of July:

SOUTHFIELD, Mich.--(BUSINESS WIRE)--The combined average age of all light vehicles on the road in the U.S. has climbed slightly to 11.5 years, based on a snapshot of vehicles in operation (VIO) taken Jan. 1 of this year, according to IHS Automotive, a global provider of critical information and insight to the automotive industry and part of IHS Inc. (NYSE: IHS).

I know. Mine average 13 years old.

floats like a butterfly . . .

. . . stings like a bee, when you stick it