POLITICS: Unemployment numbers are misleading


Unemployment Lies and Deception

December 18th, 2009

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As far as I know, unemployment numbers are based on those who are reporting to the government — those who are collecting unemployment insurance.

Guess what… unemployment insurance RUNS OUT. And then, you are so worthless, you aren’t even counted as a statistic! You are essentially written off the books.

Yeah, this really gets under my skin. And we aren’t even talking about UNDEREMPLOYED people!!

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And, don’t forget the underemployed and the old farts who are now “retired” for want of anything better to do.

I fault the gooferment and it’s absolute stupidity.

First, average wage in gooferment is twice that of private industry. Regardless of how they slice and dice the numbers, gooferment workers are in the ascendancy in both quantity and money. TARP — bailout to the banks; should have just let them fail. (Cynically, I’d bet that they’d have figured out how to survive. The bail out of AIG was a direct payoff to Goldman Sachs. The same Goldman Sachs that paid gigantic bonuses.)

Second, every dollar the gooferment “gives” in unemployment benefits has to come from some taxpayer. Remember Basiat and the unseen victim. In this case, we now have four generation of “welfare farmers”. Some of those on “welfare” are rich companies and individuals. Milk and sugar subsidies come to mind.

Third, the poor economy has landed hard on the young and old. Youth unemployment — especially minority — is skyrocketing. And, the older workers are being forced into early retirement; some after burning through their savings from reduced retirement portfolios.

My solution is reduce gooferment. They need to cut, cut, and cut some more. Some entities need to be killed — Agriculture and Education would be my starting point. We need to cut the corporate income tax from 30+ to say ZERO. (Corporations don’t pay taxes. Only real people do. Corps pass them along or go out of business.) When Ron Paul campaigned, he asserted that cutting gooferment back to 1990 levels would allow the income tax to be ZERO.

Not like any of this is going to happen. But I wouldn’t trust anything the gooferment says or does. This included “running health care or health insurance”.

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One thought on “POLITICS: Unemployment numbers are misleading

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