Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely baby daughter, Kyla Audrey, in Franklin.
By Guest Blogger Donna Cole
The NY Times reports good news,"Jobless Rate Dips to Lowest Level in More Than 2 Years ". Of course, most of the reduction in the unemployment rate is due to over 300,000 people giving up on looking for work. That is an intentional flaw in the governments equation for calculating the unemployment rate. The real unemployment rate is much higher.
As the Christian Science Monitor reports on Nov. 9th;
" While the official unemployment figures continue to hover around 9% in the U.S., the real unemployment rate is closer to 16% when you factor in all those who are unemployed or significantly underemployed."
Let's examine a few quotes from the NY Times' story. First we hear from some liberal egghead.
" Small businesses were cheering up at the end of last year, but then got clobbered by the jump in oil prices, the Japanese earthquake and then the debt ceiling fiasco," said Ian Shepherdson, chief United States economist at High Frequency Economics."
After a decade of reading Keynesian economist's mumbo jumbo I have come to have more faith in Sister Maria, psychic tarot card reader, than these goofs.
What small businesses were cheering up last year ? OK, I'll give you oil prices have a serious effect. I didn't need a degree from Harvard to figure that out. I'll let you get away with the Japanese earthquake excuse, but that doesn't mean I am buying it.
The debt ceiling fiasco ? What did that have to do with small business ? Nothing, that was just a cheap shot at Republicans. The debt ceiling fiasco was the responsibility of one person, the man sitting in the White House.
Speaking of the man in the White House, Ian. Why didn't you factor his policies into your economic analysis ? He is the major cause of businesses being paralyzed with fear. I'm not waiting on an email with the answer from Ian, so let's continue with the NY Times' piece. Next we are blinded with the brilliant light of this;
" These softer spots in Friday's numbers underscored just how much President Obama needs additional stimulus, a tidy and fast resolution to the European debt crisis or some other economic breakthrough to reinvigorate the job market before the 2012 presidential election."
Here we go again, more stimulus. What part of the fact the first $800 billion dollar stimulus failed do you not understand ? Guess what NY Times ? You are not going get anymore stimulus so long as there is a breathing Republican in Congress.
You know what the author means by a tidy and fast resolution to the European debt crisis don't you ? That means we get involved in their mess with our money, American taxpayer's money. Once again NY Times, it's not going to happen. In case you haven't read your own publication, we are broke too !
But the last one is really the best one, or some other economic breakthrough. The atheists at the NY Times are asking for a miracle. Literally, that is what they are saying. Obama needs a miracle. Perhaps he should ask Rev. Wright to deliver him one. I guess now we really see what Obama's HOPE is all about, because he and the NY Times are all out of ideas. Well, they still have tax the rich, but that is it.
Lastly, the NY Times says that we must continue to fund and extend unemployment benefits. They conclude with their justification of this;
"Unemployment benefits are believed to have one of the most stimulative effects on the economy, since recipients of these benefits are likely to spend all of the money they receive quickly and so pump more spending through the economy."
Hmmmmm ? Where have I heard this before ? Let me think ? Oh yes, now I remember ! I will quote what Princess Nancy Pelosi said in July 2010.
"Let me say that unemployment insurance...is one of the biggest stimuluses to our economy. Economists will tell you, this money is spent quickly. It injects demand into the economy, and it's job creating."
The only answer liberals have is to borrow, print and spend more money. Money we do not have, nor will our children ever have to repay. They cannot get through their addled liberal minds the concept of cutting government spending, cutting taxes, ending business and job killing regulations and get the government out of the job creation business. The federal government has many Constitutional duties but job creation is not one of them.
Stop digging the hole deeper and blaming the private sector for the problems the government created in the first place. It's a chicken and egg type argument of which came first, but this thing called the free market has worked since money was invented some 4000 years ago by Babylonian merchants,who were businessmen not government bureaucrats. The only time that the free market has caused problems is when government has interfered with it.
Get the government out of our way and we will create wealth, when you do that all the other problems will take care of themselves. Having a different president, one who understands economics better than a six year old wouldn't hurt either.
I'm very sorry for my earlier statement. I did not mean Princess Nancy Pelosi. I meant to say Former Speaker of the House Nancy Pelosi. I offer my most sincere apologies.