Follow Slashdot stories on Twitter


Forgot your password?
User Journal

Journal smittyoneeach's Journal: Like I was saying: 'Foot off the brake' 8

The August jobs numbers are disappointing. The economy gained 169,000 non-farm payroll jobs, below the estimated figure of 175,000. Much worse, however, were the downward revisions for past months. Julyâ(TM)s job numbers went down 58,000. The total revision for June and July is 74,000 less than previously expected. Then there is the labor participation rate: It dropped to 63.2 percent. It hasnâ(TM)t been this low since 1978. Because so many people have left the work force, the percent of unemployed (i.e. those who havenâ(TM)t checked out of the job market) went down to 7.3 percent.
It is long since past the time that we can attribute feeble job growth to the financial collapse in 2008. The âoerecoveryâ started in the second half of 2009. What we see now is the Obama economy â" more people out of the job market, minimal growth and tepid job creation. The president is right â" we are no longer in a tailspin. The TARP and other financial measures that President George W. Bush put in place and Obama continued staunched the bleeding long ago. But we have a listless economy, a function of combined tax, regulatory and budget policies.

But, hey: let's start a war in Syria now, and have ObamaCare kick in next month.
Because there is no point in putting a stake in the heart of the economy if you're not going to match it with one up the sphincter. Bonus points if you can get them to make contact.

This discussion has been archived. No new comments can be posted.

Like I was saying: 'Foot off the brake'

Comments Filter:
  • How is it that when GWB took us to war it was described as an economic stimulus for the country but when President Lawnchair suggests tossing some missiles into Syria it is a huge drain and an economic calamity?

    I've said before that there is no winning hand for the game with Syria. Kill Assad, we lose. Ignore him, we lose. Do something else, we lose as well. I generally oppose war and I do oppose this conflict because there is no way to win. My heart aches for the Syrians but I don't see how we can i
    • How is it that, after the better part
      Of a decade decrying W's cowboy heart
      We have Dems demanding doubling down
      Now that we're led by a rodeo clown?

      We laid down enough blood and treasure to buy Iraq, but BHO pissed it away so fast. Pretty much done the same in Afghanistan, and I saw that debacle up close and personal in 2011. Is the moral of the Syria adventure that we never learn?
      You'd of been freaking out if W had referred to the U.N.'s work as "hocus pocus []". Is BHO trying to curry favor with those wh
      • First of all, you forgot to close your limerick with Burma Shave.

        Second, I don't agree with attacking Syria regardless of who is cheerleading for it. I'm not sure if you are trying to classify me in with the "dems" so I want to make it clear that I do not see this as a winning strategy regardless of how it is performed.

        We laid down enough blood and treasure to buy Iraq, but BHO pissed it away so fast.

        Could you clarify what you mean by this statement? From my perspective Iraq was A a terrible idea from the start and B a quagmire from day 1. I never saw a coherent plan for the invasio

        • 1. Wasn't a limerick, just a couple of couplets.
          2. The topic was a generalization of the last decade on the topic of saber rattling.
          3. That was Jimmy Buffet allusion. I'm willing to agree that the verdict of history goes to W's critics: the idea of adventuring in the M.E. was bad. My point was that Obama just hasn't delivered any sort of improvement. Perhaps such was never possible.
          4. "Being as we haven't done anything but talk about it, that is unclear." Concur. What worries me is the sheer naïvet
  • Maybe you should take a closer look at the pending 'free trade' deals they're trying to hide from public view, where global business contracts usurp local (you remember local, right?) law.

    • Don't you know that, surely as ManBearPig's carbon inferno is going to melt us, we're all going to 'splode if we don't cede our liberty to "experts" who know how to spend our money better than we do?
      What specific 'free trade' deals are you referencing? The main items the Syria adventure is designed to detract from are things like the IRS scandal, Benghazi, the debt ceiling, defunding ObamaCare, the economy, etc.

Due to lack of disk space, this fortune database has been discontinued.