November 9, 2011
Jobs Created by the Stroke of a Pen
By Bill Tatro
11/8/2011
When it comes to jobs, it all comes down to this: For years, we all thought it was small business that was the heart and soul of the U.S. economy.
Most people understood that it was the private sector that created the real jobs – sustainable jobs that were the building blocks for people’s lives, and consequently, the foundation for our country’s solid future.
Then, along comes Barack Obama, who firmly, and I am ardently convinced, believes the public sector is the real job creator.
Everything from shovel ready to green energy has been tried by this administration in order to change the path of rising unemployment, to no avail.
Now, however, the truth can be told.
The real job creator is neither the public nor the private sector.
Rather, the real job creator is a single bean-counter who works in a small room with a green eyeshade pulled over his head at the Bureau of Labor Statistics (BLS).
He’s the person who overlays the Birth/Death (B/D) statistics on all monthly jobs reports. Most people think the B/D is simply a measurement of how many workers lived or died during the month.
In reality, the B/D is the approximate number of new businesses created with new employees netted against the businesses that closed and the people who lost their jobs. This statistic is overlaid against the actual number of workers either hired or fired. During prior administrations, this B/D number was plus-or-minus a few thousand.
The Obama administration has taken the B/D to an entirely new art form, with the plus-or-minus becoming hundreds of thousands.
It seems they thought nobody would notice, and guess what?
They were right.
The latest monthly jobs report shows 80,000 new jobs created.
The Birth/Death overlay was plus 103,000, which means the country actually lost 23,000 jobs.
But have no fear, with a phantom jobs report nobody really noticed, least of all the mainstream media.
Thus, when books are written about this chapter in American history, recognition for job creation will not be given to the small or large business entrepreneurs, nor the President or his political cronies.
Rather, all the praise will be given to that diligent, ever-present bureaucrat, who, with a wave of his magic pencil created 42% of all jobs reported in 2011.
Hallelujah!
Thank goodness for the BLS and the Birth/Death model.
It may not be real, but it sure looks good on paper and it certainly sounds great on the nightly news.
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Bill is the host of of It's All About Money, a daily financial radio show, and Columnist for Townhall.com.
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Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
Wednesday, November 9, 2011
Thursday, September 15, 2011
Interesting Article: Put this guy in charge
Put this guy in charge.......... No kidding, this guy has more
smarts than all the people running this country put together !
This article was in the Waco Tribune Herald in Waco , TX on 11/18/10
Put me in charge of food stamps. I'd get rid of Lone Star cards; no cash
for Ding Dongs or Ho Ho's, just money for 50-pound bags of rice and
beans, blocks of cheese and all the powdered milk you can haul away. If
you want steak and frozen pizza, then get a job.
Put me in charge of Medicaid. The first thing I'd do is to get women
Norplant birth control implants or tubal ligations. Then, we'll test
recipients for drugs, alcohol, nicotine and document all tattoos and
piercings. If you want to reproduce or use drugs, alcohol, smoke or get
tats and piercings, then get a job.
Put me in charge of government housing. Ever live in a military
barracks? You will maintain our property in a clean and good state of
repair. Your "home" will be subject to inspections anytime and
possessions will be inventoried. If you want a plasma TV or Xbox 360,
then get a job and your own place.
In addition, you will either present a check stub from a job each week or
you will report to a "government" job. It may be cleaning the roadways
of trash, painting and repairing public housing, whatever we find for
you. We will sell your 22 inch rims and low profile tires and your
blasting stereo and speakers and put that money toward the "common good."
Before you write that I've violated someone's rights, realize that all of
the above is voluntary. If you want our money, accept our rules. Before
you say that this would be "demeaning" and ruin their "self esteem,"
consider that it wasn't that long ago that taking someone else's money
for doing absolutely nothing was demeaning and lowered self esteem.
If we are expected to pay for other people's mistakes we should at least
attempt to make them learn from their bad choices. The current system
rewards them for continuing to make mistakes and bad choices.
Alfred W. Evans, Gatesville , TX
AND while you are on Government subsistence, you no longer can VOTE!
Yes, that is correct. For you to vote would be a conflict of interest.
You will voluntarily remove yourself from the voting rolls while you are
receiving a Government welfare check. If you want to vote - get a job.
DISCLAIMER -- WARNING! The ad for Obama which may follow this post is no way an endorsement of BO by this Blog. We have no say as to the content of the advertising inserted herein, and the BO ad is a reflection of the audacity and stupidity of him and his re-election team.
We consider him to be a bigger liar than Clinton, fundamentally dishonest, and crippling to our economy; he has exacerbated racial tensions, inflamed partisan divisiveness, encouraged class warfare and demonized everyone on the right--especially members of the Tea Party Patriots.
.
smarts than all the people running this country put together !
This article was in the Waco Tribune Herald in Waco , TX on 11/18/10
Put me in charge of food stamps. I'd get rid of Lone Star cards; no cash
for Ding Dongs or Ho Ho's, just money for 50-pound bags of rice and
beans, blocks of cheese and all the powdered milk you can haul away. If
you want steak and frozen pizza, then get a job.
Put me in charge of Medicaid. The first thing I'd do is to get women
Norplant birth control implants or tubal ligations. Then, we'll test
recipients for drugs, alcohol, nicotine and document all tattoos and
piercings. If you want to reproduce or use drugs, alcohol, smoke or get
tats and piercings, then get a job.
Put me in charge of government housing. Ever live in a military
barracks? You will maintain our property in a clean and good state of
repair. Your "home" will be subject to inspections anytime and
possessions will be inventoried. If you want a plasma TV or Xbox 360,
then get a job and your own place.
In addition, you will either present a check stub from a job each week or
you will report to a "government" job. It may be cleaning the roadways
of trash, painting and repairing public housing, whatever we find for
you. We will sell your 22 inch rims and low profile tires and your
blasting stereo and speakers and put that money toward the "common good."
Before you write that I've violated someone's rights, realize that all of
the above is voluntary. If you want our money, accept our rules. Before
you say that this would be "demeaning" and ruin their "self esteem,"
consider that it wasn't that long ago that taking someone else's money
for doing absolutely nothing was demeaning and lowered self esteem.
If we are expected to pay for other people's mistakes we should at least
attempt to make them learn from their bad choices. The current system
rewards them for continuing to make mistakes and bad choices.
Alfred W. Evans, Gatesville , TX
AND while you are on Government subsistence, you no longer can VOTE!
Yes, that is correct. For you to vote would be a conflict of interest.
You will voluntarily remove yourself from the voting rolls while you are
receiving a Government welfare check. If you want to vote - get a job.
###########
DISCLAIMER -- WARNING! The ad for Obama which may follow this post is no way an endorsement of BO by this Blog. We have no say as to the content of the advertising inserted herein, and the BO ad is a reflection of the audacity and stupidity of him and his re-election team.
We consider him to be a bigger liar than Clinton, fundamentally dishonest, and crippling to our economy; he has exacerbated racial tensions, inflamed partisan divisiveness, encouraged class warfare and demonized everyone on the right--especially members of the Tea Party Patriots.
.
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