Posts Tagged ‘unemployment’

Spain: Go elsewhere, young man (and woman)!

Sunday, July 22nd, 2012

As the country hopes for a huge bailout, Spanish newspaper El País has an article in Spanish inciting Spaniards of all ages to legally look for work anywhere in the world, since Spain’s unemployment rate is a mind-boggling 25%.

By “anywhere in the world”, I really mean anywhere, including Communist China. The only continent they don’t mention is Africa.

¿Hora de hacer las maletas? Un repaso a las oportunidades que hay fuera
El mercado laboral no levanta cabeza y emigrar es una salida cada vez más habitual.
Europa es el primer destino recomendado a los profesionales españoles.
Le siguen América Latina y EE UU. China ofrece oportunidades para los más arriesgados.

Time to pack your bags? A review of opportunities abroad.

  • The labor market is not recovering, and emigration is the most frequent alternative.
  • Europe is the preferred option for Spaniards.
  • Latin America and USA follow. China has opportunities for the most daring.

English-speakers in engineering, tech, and health-related professions are in demand. The article says that recruiters from Norway, Austria, Holland, Belgium, Denmark, Finland, United Kingdom, France and Switzerland are hiring Spaniards. Singapore, Israel are also hiring. The Latin American countries are ranked by most-restrictive (Brazil and Chile) to least restrictive. The only country they do not recommend is India.

They have a world map showing the local unemployment rates, and jobs in demand.

This is terrible in two ways: Spain had briefly recovered from the centuries-long diaspora of its best and brightest, most of which were not schooled but found education and opportunity in other lands (as my grandparents did). Now the brain drain is striking twice as hard, with Spanish engineers looking for work elsewhere, even unemployment among engineers is “only” 8%.

The article goes on to compare entrance restrictions among countries, and advises anyone contemplating China to look in medium-sized cities, settle for much lower pay, and, if you are going to live there while job hunting, to give yourself six months to learn the local language and have 4,000-5,000€ to live on.

It ends by saying,

Now all you need to do is to gather your courage and pack your bags. These countries offer a better job future than Spain. Without a doubt.

Back to the future, again.

“You didn’t build that.”

Thursday, July 19th, 2012

If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.

How “You didn’t build that” became “He didn’t say that”, via Instapundit,

There is no nebulousness here. Beyond the paragraph quoted above, Obama calls government spending “the investments that grow our economy.” He ridicules the tendency of Americans to brag about being hard workers with a variant of “So’s your old man.” (“Let me tell you something — there are a whole bunch of hardworking people out there.”) He instinctively names “a great teacher” when looking for somebody to credit for causing success in the working world. The president has boldly presented his view on how an economy works. His supporters should give him the respect of taking his words seriously.

Mitt’s response:

These hands ad:


‘You Didn’t Build That!’ … Oh Yeah?

The Ultimate Takedown of Obama’s ‘You Didn’t Build That’ Speech

Today’s chart: Private sector

Friday, July 6th, 2012

The chart that shows the private sector is not ‘doing fine’

Full-size here

Worse quarter in two years. America’s labor market depression continues.

While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.


This is not the McCain campaign,

Friday, June 1st, 2012

These People Are GOOD:


Check out this ad just released that hits Obama both on the Solyndra scandal and unemployment on the SAME DAY the media is now digesting the rise in unemployment to 8.2% for the month of May.

Speaking of unemployment,

There wasn’t much good news in the Labor Department report Friday, but the news was especially bad for Hispanics, for whom the unemployment rate spiked to 11 percent in May — up from 9.8 percent just a month ago

And 766,000 More Women Unemployed Today Than When Obama Took Office, and Core 25-54 Employment Rates Still Near Historic Lows.

CBO: Real unemployment at 15%

Saturday, February 18th, 2012

From the Congressional Budget Office report,
Understanding and Responding to Persistently High Unemployment, February 2012, (h/t Big Government)

United States is experiencing the longest stretch of high unemployment since the Great Depression

How bad?

Many people would like to work but have not searched for a job in the past four weeks, or are working part-time but would prefer full-time work. If those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent.

Since High Real Unemployment Data Reflect Poorly On Obama, the Brokest Nation In History Fusses Instead About Sex, as Mark Steyn points out (h/t Instapundit):

Just to emphasize, this isn’t the doom-laden dystopian fancy of a right-wing apocalyptic loon like me; it’s the official Oval Office version of where America’s headed.


And, as Chart 5-1 on page 58 of the official Obama budget “Analytical Perspectives” makes plain, your feckless, decadent rulers have no plans to do anything about it.

Timothy Geithner, Secretary of the Treasury, actually said,

on behalf of the Obama White House, to Rep. Paul Ryan: “You are right to say we’re not coming before you today to say ‘we have a definitive solution to that long term problem.’ What we do know is, we don’t like yours.”

Hear him say it,

Back to Mark Steyn,

Instead, the Democrats shriek, ooh, Republican prudes who can’t get any action want to shut down your sex life! According to CBO projections, by midcentury mere interest payments on the debt will exceed federal revenues.

For purposes of comparison, by 1788 Louis XVI’s government in France was spending a mere 60% of revenues on debt service, and we know how that worked out for His Majesty shortly thereafter.

Meanwhile, a post-menopausal Andrea Mitchell is scandalized over a very old joke.

Mitchell, married to former chairman of the Federal Reserve Bank Alan Greenspan, apparently can’t take her mind off sex long enough to peruse the real scandal.

With real unemployment at 15%, and gasoline prices expected to rise above $4.50/gallon by Memorial Day, you can’t help but wonder what distraction the media is going to concoct next.


The out-of-touch State of the Union

Wednesday, January 25th, 2012

If you read or watched the SOTU, all you can conclude is that the words spoken are out of touch with reality.

Fact Checking the SOTU: Corporate Taxes

Let’s do some fact checking on President Obama’s corporate tax comments in last night’s State of the Union.

Claim: “Right now, companies get tax breaks for moving jobs and profits overseas.”

False: There are no such breaks. Instead, we punish U.S. and foreign businesses for investing and creating jobs here.

Claim: “If you’re a business that wants to outsource jobs, you shouldn’t get a tax deduction for doing it.”

False: There is no such tax deduction.

Claim: “No American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas.”

False: America is not a prison camp. Besides, imposing a 40-percent tax rate on corporations that invest here is not a “fair share.”

Claim: “From now on, every multinational company should have to pay a basic minimum tax.”

False: We’ve already got a corporate “alternative minimum tax,” and it’s an idiotic waste of accounting resources that ought to be repealed.

Clearly, Obama can not run on his record,

And more,

And that doesn’t count the recycling,

So he’ll blame Congress, even when This President has been “obstructed” less than anyone since LBJ.

The fact is,

People are hurting, and badly. The official unemployment rate may have fallen, slightly, but the real unemployment rate — the number of working-age Americans who aren’t working — rose from about 12% before the 2008 crisis, to about 23%, and hasn’t come down. That includes people who have retired early because they can’t find work, spouses who used to earn a second income but have gone back to homemaking because work isn’t available, self-employed people whose businesses have collapsed, young people who live in their parents’ basement because they can’t afford tuition and can’t find work.

(h/t Instapundit)

As for the energy part, check out what the Institute for Energy Research has to say.

While you’re at it, Warren Buffett profited from the Obama administration’s decision to deny the Keystone Pipeline. Guess whose secretary was sitting next to the First Lady?

TigerHawk put the SOTU through the shredder. Go read it all


#OccupyWallStreet mini-roundup

Tuesday, October 11th, 2011

A look at the Zuccotti Park zoo on Columbus Day:
Millionaire celebrities Kayne West, Russell Simmons, Mark Ruffalo and Penn Badgley (never heard of Penn before) – and, what would a protest be without Susan Sarandon and Al Sharpton? – joined the affluent and effluently odorous crowd. The Daily Mail has the details, plus fashion show,
A very privileged protest: Wearing $300 jeans and from some of the most exclusive schools, the children of the one per cent out for a good time at Occupy Wall Street
Teens from Bard and Parsons show their solidarity in NY
Chicago protesters heckle financial industry events
Dozens are arrested, including girl, 14, in first Des Moines protest
Mayor Bloomberg blames protest on warm weather
Wall St demonstrators plan march today on millionaires’ mansions

Does that mean they’ll stop by Bloomberg’s own abode? He’s The Man, after all. He says he won’t throw out the occupiers “as long as they’re not breaking any laws“, so one must guess that in Mike’s book loitering, drug use, public defecation, and what in olden days was called “creating a public nuisance” are not against any laws. Makes me pine for the days of Giuliani.

But to answer the question of whose houses, who’s heading there, Matthew Vadum reports,
Radical labor organizer Stephen Lerner of SEIU intends to terrorize the families of bank executives in their homes as part of the Occupy Wall Street protests.

The rest of the occupiers are best represented by this character (click here for larger version),

The NYTimes says the Protests Offer Help, and Risk, for Democrats. Help! I’m being repressed!

If anything, the self-esteem generation ought to just shut up, shower, and stop bothering people. In the meantime, here are a few #OWSPickupLines: What time do you get off not working? More at Twitter.

On a personal note,
For years I worked in downtown Manhattan, but had never heard of “Zuccotti Park” until this latest fiasco. As it turns out, I walked past the “park” every morning and every evening but never stopped to find out if it had a name. It’s mostly a plaza.

Better there than at Louise Nevelson Plaza down the street. I’m rather fond of Louise’s sculptures.


“Let’s take these son of bitches out”

Tuesday, September 6th, 2011

Warming up for Obama’s speech yesterday, Jimmy Hoffa, Jr., incites violence,

“We got to keep an eye on the battle that we face: The war on workers. And you see it everywhere, it is the Tea Party. And you know, there is only one way to beat and win that war. The one thing about working people is we like a good fight. And you know what? They’ve got a war, they got a war with us and there’s only going to be one winner. It’s going to be the workers of Michigan, and America. We’re going to win that war,” Jimmy Hoffa said to a heavily union crowd.

“President Obama, this is your army. We are ready to march. Let’s take these son of bitches out and give America back to an America where we belong,” Hoffa added.

Not only did Jr didn’t get the memo, he would say it again.

Why not? Not only did the President refuse to condemn this violent rhetoric, when he followed Hoffa on stage, Obama said he was proud of Hoffa:


When it comes to accepting the call to action from a necessary interest group, civility is just not so important.

That’s fine. But let’s not have any more hypocrisy from the left jumping on whatever metaphor a Republican uses. I don’t think that James Hoffa meant anything more than a spirited call to action. If he calls Tea Partiers, “sons of bitches,” that’s his right. It’s distasteful and illustrative, but his using any more refined insults wouldn’t disguise what he really thinks. I’m not complaining about his language, but the hypocrisy of the President smilingly accepting that language while still posing as the leader of the civility chorus. Spare us the hypocrisies and let’s carry on with that battle that Hoffa was talking about.

So much for the “new civility.”

During his speech, President Obama also came up with this,

“I think putting money back in the pockets of working families is the best way to get demand rising because that then means business is hiring. That means the government — that means that the economy is growing.”



For the 1st time since February 1945, the government has reported a net job change of zero

Friday, September 2nd, 2011

as the U.S. Economy Shows No Job Growth. Worse yet,

Data for the previous two months were revised down by a total 58,000 to show payroll increases of 85,000 jobs in July and only 20,000 in June, the government report showed.

The unemployment rate, which is obtained from a separate household survey, was unchanged at 9.1% last month. About 14 million Americans who would like to work can’t get a job.

And the average private-sector workweek fell to 34.2 hours from 34.3 hours, a sign of a greater slowdown in activity than economists had expected.

The results were worse than expected.

We’ve gone from “unexpectedly” to “worse-than-unexpectedly,” then?


First Boehner, now the NFL UPDATED

Thursday, September 1st, 2011

After the President’s request to address the nation from Congress next Wednesday was turned down, the White House announced the speech will take place on Thursday.

Now, you may be wondering why is the President so adamant about doing a speech on jobs, jobs, jobs from the floor of Congress, when a. the unemployment rate has been over 9% for most of his tenure, b. he could have given the speech anytime, anywhere – particularly during last month’s bus tour. Simple: The speech is intended to launch his re-election campaign.

If so, it’s doing it with a pratfall. As it turns out, Thursday is the NFL season opener.

Now, I don’t follow football (or any sports, for that matter), but even I am mindful of such things when scheduling events – whether it’s a fundraiser for an organization I belong to, or meeting with friends, or having people over.

And I’m not running for office.

Fear not, football fans; the Obama speech apparently won’t conflict with Saints-Packers kickoff, as long as you don’t mind missing the pre-game coverage,

Though an official announcement has not yet been made by the White House, Obama’s speech apparently will begin at 7:30 p.m. ET on September 8, one hour before kickoff of the kickoff to the season.

And so, assuming the absence of any filibustering (a big assumption, given the precise location of the address), the speech should be over before it’s time to play the game.

What will the speech be about?

For starters, expect a lot of blame-game: Minutes after his Sept. 8 address to Congress is set, Obama bashes both houses. Certainly the President will get in a dig or two during his speech.

Other proposals, such as more stimulus, the creation of a Fannie Mae for infrastructure a. k. a. a federal infrastructure bank (since Fannie Mae worked so well?), and the creation of more “green jobs“, involve yet more government spending and direct federal involvement in local economies.

Who’s going to want to miss the NFL pre-game show for that?

UPDATE, Friday 2 September,

Anonymous White House aides admit that they were aware all the time of the GOP debate that they were trying to preempt with Obama’s move to schedule his speech to Congress. They simply figured that it wouldn’t matter because it was going to be on a cable station which isn’t “sacrosanct.” So they just sent Jay Carney out to lie when he said it was all a coincidence.