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Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Saturday, April 07, 2007

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US unemployment is at an historic five-year low: 4.4%.

BZ

7 Comments:

Blogger A Jacksonian said...

Cue the inflation worrywarts in 3...2...1...

Say, we still have unemployed? Why do we need illegal labor if there are American Citizens needing jobs? And if they are 'jobs Americans don't want to do' the *pay* may be too low... as in "economically unsustainable for a Citizen to work at that wage". Why do we encourage businesses to not pay a living wage to Citizens *first*? And why do so many of these 'jobs Americans don't want to do' end up in areas that are highly subsidized by the US Taxpayer? What is that $12 billion or so in subsidies to farmers buying the Nation? And what will they do when their competitors *mechanize* picking in the next ten years or so? Still going to pay for manual labor where its not needed?

What is even more interesting is that the productivity rate is faster *now* than it was in the '70s, '80s and '90s. Skilled American workers outperform and outcompete everyone else on the planet... per person the US worker is about 30 times more productive than the average Chinese worker. Probably more given the bad debt that underlies their economy...

High productivity, more jobs, better pay. Yes, cue those inflation worries and interest rate worries! If the US took a 3% economic hit that would wipe out the equivalent of the entire Chinese economy... we would call it a recession...

But that is what you get when you invest in skills and people and *not* substandard labor. Folks need to get a grip and understand the power of America is not in Her military, not in Her good will and not in being nice globally - it is in outcompeting the hell out of everyone else because we have *fun* doing so and work hard at that *fun*. That is why we are hated by the slothful of the planet who can only kill, first - they have no idea how to build and hate us for that. Hard to find a Nation or group with an expanding economy that hates the US, but very easy to find detractors in those that see what it means when you have to work for the goodies and don't want to do such work. Those are legion. Good thing they can't figure out how to organize as one... probably need some Americans to help them in that.

Sat Apr 07, 06:04:00 AM PDT  
Blogger Bloviating Zeppelin said...

AJ: that IS the reason we ARE hated -- we are actually efficient, we revel in our work, we revel in our efficiency, we revel in our self-reliance, we revel in the fact that we are NOT (yet) Europe.

Yes.

BZ

Sat Apr 07, 01:37:00 PM PDT  
Blogger shoprat said...

Now if we can just get some of that prosperity into the last stronghold of unemployment. Michigan.

Sat Apr 07, 04:36:00 PM PDT  
Blogger Bloviating Zeppelin said...

Shoprat: Michigan? Good luck buddy; pretty soon you'll have to be consulting your local Imam to see if you can work certain days, much less consistently. Yours will soon be an alcohol-and-pork-free state.

BZ

Sat Apr 07, 05:04:00 PM PDT  
Blogger Little Miss Chatterbox said...

Happy Easter BZ!!

Sat Apr 07, 11:38:00 PM PDT  
Anonymous WMD_Maker said...

4.4% unemployment, which is very near if not below the "new rules" transitory (voluntary) rate. Yet the MSM continues to moan about how "poor" the economy is.

Mon Apr 09, 06:05:00 AM PDT  
Blogger A Jacksonian said...

Shoprat - Coming from Buffalo I do, indeed, feel the pain. All those lovely Union jobs that were supposed to keep everyone at high wages suddenly go up in smoke as the lowered productivity of sinecured jobs means that folks don't have to work as hard or better to compete. The Rust Belt is still in pain over the de-industrializing of America. Those lovely, high wage, low productivity Union jobs up and left... of course Michiganders have their own, lovely bureaucracy to deal with, but remember that before the Alaskan Pipeline folks in NY were putting forth this tag-line for their license plates:

"New York the Highest Taxed State in the Union"

When a *county* asks for a 'temporary' 1% increase to sales tax... really it will end, they promise... could you make that 1.5%, we miscalculated the first 5 years... and that was on top of the 7% State sales tax, one did start to wonder where the money went. NY had its fingers so deeply in folks pockets that you could get knee massages from the questing fingers. I left because of the weather and the high taxes and to get a job that would get me more than a two room flat for a decade or so.

That said, the social conditions of those areas are heavily influenced by local politics and the inability of the structure to adapt to changing industrial landscapes. 30 years later and they are still reeling, but slowly forgetting that past. Steel wool to the memes are necessary, it seems.

Mr. Z - Even given the above, we are still head and shoulders above anyone else. When I looked at the Directivity of China, I did note that US street gangs, as in the gangs doing the pushing of drugs and such, at the lowest level understand the concept of 'board of directors' and why they are necessary. I dare anyone to pluck a peasant out of Western China and demonstrate the same. As bad as sections of the US *are* we still have the basic and fundamental knowledge of what is necessary to succeed and how to build it. Large sections of this planet are lacking that... China most definitely *included*. India, however, *not* as they are building their modern society from the ground up. Time to learn to befriend liberal democracies, I would say...

Wed Apr 11, 06:32:00 AM PDT  

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