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Obama’s Employment Legacy: Anemic and Insufficient January 6, 2017

Posted by geoff in Economics, News, Obama's Legacy.
6 comments

Y’all may recall last month, where we noted that while the president has been bragging about his consecutive months of job creation (which has never been an economic metric in the history of man, ever), but it turned out that the vast majority of new jobs (94%!) were part-time.

But that should come as no surprise to long-time readers of this blog, because we’ve been ignoring part-time jobs since we started the new chart in 2010. And when you ignore part-time jobs and account for population growth, the employment picture looks like this:

fulltimeempvscivpopjanuary2017report

You can see that after Obama’s eight years, he’s only gotten us halfway back to where we were in 2004 (which I consider more “normal” than the rise just before the crash). Some legacy.

The disturbing part is that we’ve been going nowhere for a year. That combined with the recent announcements of store closures and layoffs by Sears, Kohl’s, and Macy’s, makes me concerned about the jobs picture.

Trump, at least, seems to have given a high priority to jobs retention and creation. And his strategy for employment is completely different than Obama’s: rather than emphasizing education and training programs, he’s emphasizing improving the business environment, and using that as an incentive (cudgel, bribe, whatever) to convince companies to stay and grow in the US.

In R&D we have the concept of technology “push” vs. demand “pull.” Technology push means you develop a technology or product that the market hasn’t yet asked for. It might be a revolutionary, paradigm-changing technology, but most often it’s a dud in the marketplace, because nobody needs it.* A more reliable strategy, by far, is to allow the needs of the market to pull the technology forward. I.e., you develop technologies to meet the demands of the market. Not as innovative or revolutionary, but in the end the consumers are happy and the developers are paid.

Trump’s and Obama’s approaches are similar, I think. Obama is on the “push” side, developing employees in the hope that somebody will “buy” them. Trump is on the “pull” side, increasing demand and assuming that the education & training systems will respond to meet that demand.

The disadvantage is that is can take several years for the education and training systems to respond, but the disadvantage of Obama’s approach is that all that training & education is futile if the demand doesn’t exist or if you don’t correctly predict where that demand will be.

All in all, I think I have far more faith in Trump’s approach.

*True confessions: I’m an inveterate technology pusher. The hell with those customers who don’t know what’s good for them! That’s why I’m a poor, poor technology pusher. But, like the scorpion crossing the river on the back of the frog, it’s just my nature.

Hot / Crazy Matrix October 1, 2016

Posted by Retired Geezer in Economics, Family, News.
5 comments

For you guys who are still dating. Slight language warning (Bi7che$).

June 2016 Jobs Report: Turning South June 3, 2016

Posted by geoff in Economics, News.
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“Turning South” is what you might say when your data starts plunging toward zero. And that’s what the last couple of months of jobs data look like:

FullTimeEmpvsCivPopJune2016

Yep, the BLS jobs data wasn’t so hot this time around, with a small increase in total jobs (26K), and a huge surge in part-time jobs (650K). That means full-time jobs shrank quite a bit.

It would be so great to hear our president tout his economic achievements again.

Harriet Tubman on the 20 April 20, 2016

Posted by Retired Geezer in Economics, Science.
3 comments

As Iowahawk tweeted:

Breaking: Treasury throws founder of the Democratic Party off $20 bill, replaces with gun-toting Republican

Here’s the for-real history.

Nuts and Bolts February 13, 2016

Posted by Retired Geezer in Economics, Love.
6 comments

Mrs. Peel can probably Womansplain this to us.

NutBolt.JPG

The Form of the Destructor Has Been Chosen January 27, 2016

Posted by daveintexas in Art, Blogroll, Crime, Ducks, Economics, Gardening, Heroes, Honor, Law, Mufuckin Pie!, Nature Shit, News, Science, Sex, Sidebar Flag Bullshit, Stupid shit, Terrorist Hemorrhoids.
3 comments

kingcake.png

I couldn’t help it, it just popped in there.

Crap Tree 2015 December 5, 2015

Posted by daveintexas in Ballistics, Blogroll, Commenting Tips, Crime, Ducks, Economics, Handblogging, Heroes, History, Honor, Humor, Man Laws, Mufuckin Pie!, Nature Shit, News, Philosophy, Religion, Science, Sex, Sidebar Flag Bullshit, Stupid shit, Terrorist Hemorrhoids, Women Ranting, WTF?.
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For Michael and the rest of you knuckleheads that I love.

May you all have a Merry Christmas.

Please do note the shotgun shell lights you could still smell the cordite on em if you were here.  IF.

 

 

 

This is Fascinating June 27, 2015

Posted by daveintexas in Ballistics, Crime, Economics, Handblogging, History, Literature, Man Laws, Mufuckin Pie!, Nature Shit, Philosophy, Politics, Sex, Sitemeter, slutbags, Stupid shit, Technology, Terrorist Hemorrhoids, WTF?.
5 comments

And a little unnerving. A real time map of global cyber attacks.

Dancing Grannies June 12, 2015

Posted by Retired Geezer in Ducks, Economics.
3 comments

Seems a little quiet around here… good time to slip in this video:

Man You Muhfuckers Are Depressing the Shit Outta Me March 25, 2015

Posted by daveintexas in Ballistics, Commenting Tips, Ducks, Economics, Gardening, Handblogging, Heroes, Law, Man Laws, Mufuckin Pie!, Nature Shit, News, Personal Experiences, Philosophy, Religion, Sex, Sidebar Flag Bullshit, Stupid shit, Terrorist Hemorrhoids, Women Ranting, WTF?.
72 comments

Stop that STOP THAT! This is supposed to be an ‘appy occasion.

And how did I get nominated for the last post here ever? Geoff has been working his skinny butt off posting and such.

Ain’t right. Ain’t right.

 

Yes, this post is going to have a “theme”.

So. 2006 or thGFYerebouts. I was 47 years old. Geezer was 75, Peelie was 13 and LauraW was in county banging a tin cup on the bars and yelling “FILTHY SCREWS FILTHY SCREWS”.  If you never heard this stuff it’s all true email me I have documents and stuff.

I don’t know what I’m doing here. I don’t do this for a living you know.

In 2006 I had no idea how this worked. I had a kid in college and one on the way there.  I was just working and making jokes here and at Ace’s and getting to know you all.  And we’d get in comment threads and make absurd bitey faces at each other and joke around.  Then this, ace called it “The Splitters”.  So we did more stupid stuff and monkeys stopped flinging poop long enough to stare at us as if we were raving lunatics or something.  And then this amazing thing happened. I met some of you, most of you.  I actually came to places and saw your dorky faces and in person for reals.. met you.  You were already my friends then you became my in person touching hugging friends.  And every one of you every damn one of you hugged me and loved me and made me feel ten feet tall, bulletproof and invisible.  Thank you special people for the extra touches you know who you are and I won’t say it out loud here Geoff.

 

Hey Dave how about we all go some place across the country and meet each other for reals?

list
This place, this actual place made it be possible for me to meet you all.  To be friends and to love you. All your cares, all my cares. Fake internet friends became real friends. (thanks Al Gore).

Somehow it meant our personal lives became part of each other.  I am a part of you all. The goofy part, or maybe tummy gas. I’m still a part of you all.  Might be stinky. In a way I’d be proud if I was the stinky part.

OK then, I love you idiots. And I say idiots knowing I’m the idiot and you’re not I just have to drop that stuff at you because otherwise I’d gete sniffly and shit and no way no how am I gonna do that, fuck that.

I miss ya Harrison. You were one of the sweetest souls I’ve ever known who called me a friend. I miss Michael too.  He was a big dumb jerk but he was also my friend and he loved me and you all (and fuck cancer seriously fuck cancer, pineapple/sideways).  Oddly I miss them both in much the same way except I liked Harrison.

But I do need to say something very important that’s been on my heart for a long long time.

Michael, if you’re reading this (don’t you have better things to do?), I’m really sorry about the guest towels.  That was so wrong of me.  I feel bad about that, especially the part about me planting them in your pillowcase before I went home.

That was wrong of me.

Remember Pirate Talk?

tarnation

 

 

 

 

 

Thank you Michael, Geezer, for bringing people into my life that I never would have met. I never would have known them, never would have loved them like I do. Your gift to all of us is so fine. You thought you were making a silly thing. Geezer thought it was a joke, a funny.  Thank all of you for inviting me into your lives, your homes your personal space without freaking out.. much.

What you made was friendships. That’s what you did and that’s the legacy of the Splitters.

How Dave Feels About Centering Pictures

hay

 

 

 

 

 

 

 

 

 

 

 

We people are the people we people care about. We are the ones we’ve been waiting for. That’s what y’all did and you had no damn idea even that’s what you were doing. Like usual.

I love you idiots.

This place was a place. Better than ice cream. And ice cream kicks ass.

 

Y’all are better than ice cream and I still need you all in my life.

dis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UPDATED

mf

Do the Rich Pay their Fair Share? February 17, 2015

Posted by Retired Geezer in Economics, Gardening.
5 comments

I know I’m getting into Geoff Territory ™ but I thought this was interesting:

 

How to Wrap a Gift December 11, 2014

Posted by Retired Geezer in Commenting Tips, Economics.
4 comments

You’re welcome.