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Thursday, March 3, 2011

The truth behind the numbers

It disgusts me to hear how "well" the economy is doing. The government, the media, and Wall Street will never stop with their games.

What is it about today's employment situation that is getting everyone so hyped up? The Institute for Supply Management reported that its measure of hiring by service companies rose to the highest level since April 2006. Service jobs are not going to save America.China's rise to the global stage was on the back of manufacturing jobs. Jobs that made REAL goods so that people can buy them. It's "Made in China."

America lost its foundation for success: jobs that make real goods. Our cars were the best, and they were all made here in the United States! The reason why we made it out of World War II successfully was because we sold tanks, guns, and planes to our allies when they couldn't make it themselves. And when we got "sucked" into the war, the women back home worked and built the war machines that the soldiers would use to fight off the Axis powers.

But these jobs no longer exist only service jobs do. And the biggest employer for those service jobs is guess who? The government! Private sector jobs are hardly expanding whereas the mostly unproductive government sector is exploding! The State is growing and that is not good for our personal freedom, nor is it good for our tax liabilities.

Government run-businesses tend to lose money (AIG, FNM, FRE), and are also less efficient when compared with private businesses (USPS vs. FedEx) simply because there is no competition within public sector jobs. You don't need to have a proven background to make it up the ladder, look at Geithner and Bernanke absolute failures before, yet, were promoted to Treasury Secretary and Chairman of the Federal Reserve.

And I don't even want to get started on Jobless Claims and Unemployment numbers..
BS!!!!!!!

1 comment:

  1. You said it best..All the hype is BS!!!...i always find it interesting that when figures are released they are always revised 2-3 months later lower than before.. How does that happen? Hmmmmm...

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