Archive for the 'economy' Category

The “improved” March employment numbers actually suck

Wednesday, April 7th, 2010

There are a lot of Wall Street types, and D.C. types, and talking heads out there who are claiming that we have “turned the corner” on the employment/unemployment problem in America. These people are smoking crack. We had a good month in March for new hiring, but those numbers are artificial. There were a large [...]

The Employment Situation is Worse Than You Think (and so are the Consequences)

Monday, July 6th, 2009

The official unemployment numbers released by the U.S. Department of Labor are a lie and the government knows they are a lie, but they tell the lie anyway because they want to avoid mass hysteria. These are the numbers for June, 2009:
 An additional 467,000 jobs were lost in June. (This is the preliminary number. It [...]

Please Raise My Taxes

Monday, June 29th, 2009

The current U.S. federal gasoline tax is 18.4 cents per gallon. The diesel tax is 24.4. States add varying amounts. (Texas adds 20 cents. New York is highest at 41.3 cents.) In most of the rest of the industrialized world, the gas tax is MUCH higher. The reality is that in most industrialized nations gas [...]

by Michael Baumer