James Quinn's  Instablog

I know this is sad, but I woke up out of a sound sleep the other day with the vision of Ben Bernanke and Timmy Geithner as high school lunch ladies. Why you might ask would that vision enter my mind. It has to do with the USD and our $12 TRILLION debt. Below is my visual look at the USD's future.

The Chinese, Japanese, Indians, Russia, Europe, and the Middle East are the high school kids in the lunch line. Back in the 1990's, when the U.S. issued debt (served lunch), it was high quality (filet mignon) because deficits were under control, no wars were being fought, and our economy was humming. As time has passed, we have devalued our dollar by spending like drunken school boys on wars of choice, new government departments, new Medicare entitlements, bailing out bankers, bailing out auto makers and their unions, and providing "free" healthcare to all. 

Now, when the Chinese, Japanese, Indians, Russia, Europe, and the Middle East saunter up to the lunch counter we shovel a heap of unknown gruel onto their plates and tell them it is filet mignon. They are not stupid high school kids. They know it is crap, but they really have no other options at this point. 

We've had some spirited debate the last few days about the differences between Democrats and Republicans. An interesting what if is what if John McCain had won. Here are my guesses:

More Bullshit from the government today. The unemployment rate of 10.2% is a fraud. People are leaving the labor force according to the US government in droves, so that keeps the rate lower. The facts are that 143,338,000 Americans were employed when Obama took office in January. Today, there are 138,275,000 employed. We have lost 5,063,000 jobs since Obama took office and he has the gall to say his stimulus package is working and creating jobs. We lost 589,000 jobs in October. The MSM will report the government manipulated much lower number.

The old birth-death adjustment also added 86,000 more fake jobs in October. This government lie has added 793,000 fake jobs based on some ridiculous model. They truly believe you are all sheeple. They will continue to lie, mislead and use the MSM to convince you everything is OK. The fact is we have lost 7.8 million jobs since 2007 and many will never come back. Things are not all right. They get worse by the day.

   
  A-3.  Employment status of the civilian noninstitutional population by sex and age, seasonally adjusted

  (Numbers in thousands)
                                                                                                                                          
                                                                                                                                          
                                              2008                                                2009                                    
         Employment status,                                                                                                               
            sex, and age                                                                                                                  
                                      Oct.    Nov.    Dec.    Jan.    Feb.    Mar.    Apr.    May     June    July    Aug.   Sept.    Oct.
                                                                                                                                                                                                                                                                                     
                TOTAL                                                                                                                     
                                                                                                                                          
  Civilian noninstitutional                                                                                                               
   population (1).................. 234,612 234,828 235,035 234,739 234,913 235,086 235,271 235,452 235,655 235,870 236,087 236,322 236,550
   Civilian labor force............ 154,878 154,620 154,447 153,716 154,214 154,048 154,731 155,081 154,926 154,504 154,577 154,006 153,975
     Percent of population.........    66.0    65.8    65.7    65.5    65.6    65.5    65.8    65.9    65.7    65.5    65.5    65.2    65.1
    Employed....................... 144,657 144,144 143,338 142,099 141,748 140,887 141,007 140,570 140,196 140,041 139,649 138,864 138,275
     Employment-population ratio...    61.7    61.4    61.0    60.5    60.3    59.9    59.9    59.7    59.5    59.4    59.2    58.8    58.5
    Unemployed.....................  10,221  10,476  11,108  11,616  12,467  13,161  13,724  14,511  14,729  14,462  14,928  15,142  15,700
     Unemployment rate.............     6.6     6.8     7.2     7.6     8.1     8.5     8.9     9.4     9.5     9.4     9.7     9.8    10.2
   Not in labor force..............  79,734  80,208  80,588  81,023  80,699  81,038  80,541  80,371  80,729  81,366  81,509  82,316  82,575
    Persons who currently want a                                                                                                          
     job...........................   5,065   5,393   5,488   5,643   5,645   5,814   5,935   5,861   5,884   5,990   5,609   5,922   5,995