October Unemployment Manipulation – By: Larry Walker II – The big story out of the October household survey was the decline by 720,000 in the headline labor force, which largely reflected the loss of longer-term unemployed into the broader U-6 unemployment measure. In fact, since January 2009, the U.S. Labor Force has only grown by … Continue reading U.S. Labor Force Declines by 720K
Phony Current Employment Statistics (CES) “How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn’t make it a leg.” ― Abraham Lincoln – By: Larry Walker, Jr. – According to the U.S. Bureau of Labor Statistics (BLS), via its September 26th CES Preliminary Benchmark … Continue reading U.S. Government Manufactures 469,000 Jobs
Phony Government Statistics: GDP – By: Larry Walker, II – “There are six things that the Lord hates, seven that are an abomination to him: haughty eyes, a lying tongue, and hands that shed innocent blood, a heart that devises wicked plans, feet that make haste to run to evil, a false witness who breathes … Continue reading 2013 GDP Growth Rate Closer to -1.75%
“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” ~ Luke 14:28 (NIV) – By: Larry Walker, II – During his 2011 State of the Union address, Potus announced a new U.S. energy target: Produce 80 … Continue reading Replacing Coal with Solar Energy — Let Me Count the Costs
:: Card Stacking :: MythBuster III: Rational or Ridiculous? – By: Larry Walker, Jr. – Card stacking, or selective omission, is one of the seven propaganda techniques identified by the Institute for Propaganda Analysis. It involves only presenting information that is positive to an idea or proposal and omitting information contrary to it. Card stacking … Continue reading Has Obama Created More Jobs Than Bush Yet?
Artificial Demand :: “Real demand is not artificial. We should resist as much as possible the notion of providing things that are not actually demanded by anyone.” ~ American Consensus – By: Larry Walker, Jr. – The price of any product or service is normally determined by two variables, supply and demand. In economics, prices … Continue reading High Gasoline Prices and the 2012 Recession, Part II
Kicking Common Sense Down the Road – By: Larry Walker, Jr. – When one of today’s most brilliant liberal economists recently mentioned the European fiscal crisis, he said, “Spain is suffering the hangover from a huge housing bubble, which caused both an economic boom and a period of inflation that left Spanish industry uncompetitive with … Continue reading Krugman’s Anti-Austerity Madness
25 More Terms – By: Larry Walker, Jr. – Forget about four more years. Based on the USA’s current trajectory, it would take another 25 terms, or 98 years, for Barack Obama’s bizarre economic policies to restore the U.S. Labor Force to where it should be in the next four years, when compared to the … Continue reading Labor Force Stagnation Concealed by Obama
A 50-Year Retrospective – By: Larry Walker, Jr. – “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” ~ Winston Churchill :: Discussing his economic policies at a fundraiser in Oakland, California on July 23rd, Barack Obama, told supporters that, … Continue reading Has Obama’s Loot-and-Plunder Theory Worked?
:: Obama’s Loot-and-Plunder Theory on Social Benefits – By: Larry Walker, Jr.- Under Barack Obama’s economic theory, better known as Loot-and-Plunder Economics, income tax rates will necessarily skyrocket, perhaps by as much as 50% across-the-board. If you don’t believe it, just look at the facts and figures. For example, as of FY 2011, annual outlays … Continue reading Talk about Fairy Dust and Snake Oil!