Civilian employment data has long been recognized as the lagging indicator of economic recovery from a recession - and for good reason. Businesses operating without the means to maintain or augment their workforce numbers and/or compensation are hesitant to invest in such draining factors affecting their business.
That being said, there is a disturbing disconnect between some economic indicators that suggest conditions are ripe for business investment in labor and negative employment data recently released by the Department of Labor. As you already know, unemployment has been creeping up to its present 10.2% mark since it began rising in the spring of 2008. Below is a chart detailing unemployment activity during the past several quarters:
*Source: Haver Analytics
The $64,000 question is: When will unemployment begin to recede? According to recent data related to nonfarm productivity, labor, Business Fixed Investment (BFI), and Net Cash Flow, perhaps the answer rests with private-sector businesses decision-makers. Please follow me below the fold for a look.
Much has been written about the Republican Party and its pandering to insurance company profits rather than the well-being of the American people via its inequitable opposition to comprehensible health care reform.
However, it occurs to me that the mainstream media has been negligent with regards to the absence of morality and Christianity related to greedy, selfish GOP opposition to the utilization of a small portion of their God-given wealth to improve the quality of life for their fellow human beings.
Therefore, I propose a new moniker to justifiably label the modern conservative movement and its umbrella party for what it truly represents:
CINO i.e. Christian In Name Only
Sometimes a picture is worth more than a thousand words. This one was captured during the course of the GOP protest today:
Yet more evidence that this speech and the pitiful GOP response are game-changers emerged from the unlikeliest of sources:
Reactionary website: RedState.com
In yet another sign that the U.S economy is ready to rebound, existing home sales jumped 7.2% is July - the largest monthly increase in the last 10 years.
The chart below details Existing Home Sales:
More regarding this terrific news below and via this MSNBC link:
That quote, courtesy of Thomas Paine in Rights of Man, quite accurately describes the manner by which the Bush tax cuts and accompanying economy rewarded labor by the respective income classes. The below chart reflects the change in Real Median Household Income from 2000-2007:
*Source: Economic Policy Institute
I couldn't help but notice this little blurb, courtesy of MSNBC.com:
President Barack Obama's treasury secretary on Sunday said he cannot rule out higher taxes to help tame an exploding budget deficit and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.
I just paid a 7% tax on a non-fast food ham sandwich. My wife didn't believe me until I showed her the receipt.
As of April 1, 2008 the Indiana sales tax increased from 6% to 7% - while homeowner property taxes were capped at one percent of a home’s assessed value, apartments and agriculture land were capped at two percent of assessed value, and business property were capped at three percent of assessed value. These measures were the heart of a two-tiered tax restructuring plan that was passed by the Indiana State House and Senate and signed by Governor Mitch Daniels in 2008. In a state that voted for a Democratic presidential candidate for the first time since 1964, legislative and executive politicians have somehow arrived at the conclusion that rewarding the rich while oppressing the poor makes for good public policy.
My brother is The Christian conservative Right in the flesh. He is a graduate of a private, Christian university in the Midwest and a youth pastor. He is a supply-side, capitalist supporter who has never (by his own admission) voted for a Democratic Party candidate in his entire life. This morning, we had a little discussion about the so-called "Tea Parties" being organized by conservative media sources - including Fox "fair and balanced" News.
Amazing how unemployment could be cut in half subsequent to President Clinton's 1993 Omnibus Tax Reconciliation...when upper-income marginal tax rates were increased to 39.6%, the same as what President Obama has proposed and 10.4% less than what Reagan allowed to remain in place for most of his presidency
Just when I thought that my reputation as an egghead was secure, someone has to spot me at the gym...
I pride myself on being an intellectual man of education and reason. Contrary to what most conservatives believe, a man is not defined by the caliber of his firearm(s) but rather the degree of his intellect. I believe this is what makes the Right so infuriated when they consider their progressive political opposition. They cannot compete in the forum of idealism due to the diminished capacity between their ears. Therefore, they attempt to label progressives as "doves", "soft", or my personal favorite - "weak".
Normally, it is out of patriotic duty to the working class that I expose the Right-wing stooges of Fox News and talk radio for the ignorant slobs they are. Today, however, it will be a true pleasure to destroy one of the vilest Right-wing mouthpieces ever to foul up the airwaves - Tammy Bruce.
Bruce was filling in for another Right-wing motor-mouth (i.e. Laura Ingraham) while she was on vacation. The conversation turned to First Lady Michelle Obama. When it did, Bruce turned appallingly vile:
Man, oh, man. That's who he's married to, what does that tell you? This is what we've got -- you know what we've got? We've got trash in the White House. Trash is a, is a thing that is color blind, it can cross all eco -- ecosocionomic kind of categories, you can work on Wall Street or work at the Wal-Mart. Trash are people who use other people to get things, who patronize others, who consider you bitter and clingy.
It is no wonder the old U.S Republican guard is screaming at the top of their lungs.