Over the past few days we’ve seen how poorly employment, manufacturing jobs, and exports are doing. Might as well turn our attention to the green economy – another of the key areas of the President’s economic push.
The President famously promised to get 1 million electric vehicles on the road by the end of 2015. Let’s compare Presidential fancy with reality:*
We’re seeing 1/3 of the predicted sales. That’s not too bad for an electric car pilot project. But it’s abysmal for a centerpiece of the President’s green technology initiative, and ineffectual in boosting the economy.
It’s not all the President’s fault – he got his numbers from the DOE, which has absolutely no expertise in predicting commercial sales of anything. But it’s certainly his fault for believing their optimistic swags. A competent or seasoned executive wouldn’t have made that mistake.
*Since we haven’t quite reached the end of the year, I multiplied the 2013 sales through November by 12/11. Next month we’ll have the real data, but I doubt you’ll see a difference.
Exports Continue to Defy Obama’s Will (Dec. 2013) December 9, 2013Posted by geoff in News.
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I know that you don’t need me to tell you how badly the President is doing economically, but I can’t help myself, so here’s an update on his exports promise.
You remember his exports promise from 2010, don’t you? That’s the one where he said that increasing exports was critical to economic recovery, so he was going to double them. Yep, he was going to take our monthly exports of $140 billion and increase them to $280 billion by the end of next year.
As with all of the President’s economic predictions, reality has turned out to be racist:
Today’s Quote Without Context December 7, 2013Posted by geoff in News.
Presented without comment:
[If you bother to click through, I'd suggest reading the comments.]
Manufacturing Jobs Through Nov. 2013 – More ObamaFail December 6, 2013Posted by geoff in News.
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Every Employment Situation report brings with it a tally of manufacturing jobs, and that, of course, allows us to compare that tally with the President’s promise to add 1 million manufacturing jobs by September 2016. As usual, that comparison reflects poorly on the President’s command of facts economic:
We’ve added 71K jobs since he made the promise (based on Aug. 2012 data). If he followed the trajectory so thoughtfully plotted by Organizing for America, we should have added 430K.
It’s almost like he makes promises blindly and then abandons them when things don’t work out.
Refreshing Foreign Policy Statement December 6, 2013Posted by geoff in News.
My favorite foreign policy moment by this administration:
U.S. Vice President Joe Biden said on Friday that Washington does not accept China’s new air defense zone over disputed islands in the East China Sea.
“I was absolutely clear on behalf of my president: We do not recognize the zone. It will have no effect on American operations. None. Zero,” Biden said in a speech in Seoul, referring to discussions he held in Beijing earlier in the week.
That was perfect, and a complete surprise to me. But, the way the administration fumbled Syria and Iran and Russia and Libya and …, I kind of doubt they’ll stick to that firm, clear, US-centric stance.
Unemployment Numbers for Nov 2013 December 6, 2013Posted by geoff in News.
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Today’s BSL report on the Employment Situation seems to contain some good news: unemployment dropped to 7.0%, 203K jobs were created, participation went up, and part-time jobs dropped. All good, but I’m not really feeling it. Maybe that’s because by my metric of the employment situation, we still haven’t made it back to where we were in May:
In fact, since last November we really haven’t made any headway. For a full year our full-time job growth has stagnated as compared with civilian population growth. So while this was a decent month, in the grand scheme it doesn’t amount to anything.
Another creepy factoid: since January 2009 we’ve added 1.1 million people to our labor force. But our civilian non-institutional population has grown by 11.8 million. Yeah, the mouths we have to feed have grown at ten times the rate of our work pool.
President Obama Finds Another Way to Kill the Economy December 5, 2013Posted by geoff in News.
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Well, you’ve got your minimum wage increase that’s buried in Obamacare, you’ve got your protestors arguing for a minimum wage of $15/hr, and you’ve got your President, who believes that raising the minimum wage will create 140,000 jobs.
And then you’ve got reality, as delightfully graphed by Ironman at Political Calculations a couple of years ago:*
Create 140,000 jobs? I’m kind of doubting it.
*He includes California because it represents 1 out of 8 working teens, and because it illustrates that just looking at the federal minimum wage does not capture the effects of the minimum wage hikes among the individual states.
Sexual Harrasment, Democrat Style December 5, 2013Posted by geoff in News.
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Megan McArdle takes issue with the methodology of a recent sexual harassment poll of journalists, which claimed:
Sixty-four percent of the 875 respondents said they had experienced “intimidation, threats, or abuse” in the office or in the field. Most of the abuse was perpetrated by the journalists’ bosses, superiors, and co-workers. Forty-six percent of female journalists said they had experienced sexual harassment at work, including “unwanted comments on dress and appearance.” That harassment was also overwhelmingly perpetrated by colleagues.
She’s right about the crappy methodology, but setting that aside, aren’t something like 90% of journalists Democrats?
Why so abusive, Dems?
Part 6 November 17, 2013Posted by Sobek in News.
Dario was back at his desk. His feet were up and he was leaning back. An old, sad song crackled faintly from a cheap cassette player (they were too far underground to get radio or television reception). He had almost forgotten about the problem in the rat room. Ciro was nowhere to be found, which made everything even better.
But there was that accursed dog.
Hey November 17, 2013Posted by Sobek in News.
So here’s an old song by Snow Patrol, called Run. It’s really beautiful.
The next thing they did after this was Counting Cars, which was really disappointing. It sucks when a band whiffs on its second try.
Don’t Throw Molotov Cocktails at your House November 1, 2013Posted by Sobek in News.
Geezer’s vid was cool, but it was missing giant, irresponsible fireballs.