Friday, June 5, 2015

BloggeRhythms

The underlying theme today, is the value, power, and convenience of the vast amounts of information available on the Internet. It also illustrates why the president, and his party-members, would truly relish an ability to control what’s posted and selection of those allowed to express their views to the public in general.
 
A case in point, is the newly released unemployment report from the Bureau of Labor Statistics, which showed that the headline unemployment rate increased slightly to 5.5 percent, while the labor force participation rate ticked higher to 62.9 percent.
 
Despite the slight uptick, a 5.5% unemployment rate still appears to reflect a robust, growing economy. Which is what the administration desired to show when, last year, they changed the measuring standard to be used for reporting purposes.

However, the former formulation, a separate measure that counts those working part time for economic reasons and the unemployed who have not looked for work in the past month held steady at 10.8 percent. And that brings back memories of Albert Einstein, who joked: If the facts don’t fit the theory, change the facts.

And this is where the huge worth of the Internet comes in, for those seeking valid information, rather than whitewashed pap from the administration.
 
Caroline May @breitbart.com reports that, “The month of May saw 92,986,000 people not participating in the workforce, according to new data released Friday by the Bureau of Labor Statistics reveals.
 
The BLS defines those not in the labor force as people ages 16 and older who are neither employed nor “made specific efforts to find employment sometime during the 4-week period ending with the reference week.”

The labor force participation rate came in at 62.9 percent, a slight uptick compared to April’s 62.8 percent.

Terence P. Jeffrey @cnsnews.com took the subject further, in his article titled: “Blame It on Global Cooling? Obama Has Lowest Average 1stQ GDP Growth of Any President on Record.”

Mr. Jeffrey reports that, “In all first quarters since 1947, the real annual rate of growth of GDP has averaged 4.0 percent.

“In the seven first quarters during Obama’s presidency, it has declined by an average of -0.43 percent. And if you leave out the first quarter of 2009 and look only at the first quarters of the six years since the recession ended, it has averaged only 0.4 percent.”

So, what’s being seen is the cumulative damage done to the US economy by over-regulation, restrictive legislation and anti-business policies continually fostered specifically by the administration. And what’s truly incredible is that the POTUS can’t figure out why the economy keeps shrinking, and the only way to cover up huge unemployment problems is to change the way that the statistics are calculated.  

Making matters worse is the damage done to his what is supposed to be his core constituency, as noted by a reader, Jjj1965, as follows:
 
“US has the lowest GDP EVER.
Record numbers of people on government assistance including;
41% of blacks
36% of hispanics
18% of Asians/asia pacifics
13% of whites”
 
Along the same lines, another hole was blown today in one of POTUS’s favorite causes, global-warming.
 
According to reportingclimatescience.com via Drudge, “Sea ice extent in Antarctica last month set a new record high for the month of May, according to data from the US National Snow and Ice Data Center (NSIDC). 
 
“Meanwhile Arctic sea ice extent in May was the third lowest on record but essentially the same as it was a decade ago – marginally above the levels recorded in 2004 and 2006.”

The data illustrates, and confirms, that there’s been no real climate change for at least 10 years. However, at present the environment's getting colder. And that, as has been reported here quite often, is likely due to the polar vortex, which should keep things getting cooler for the next ten years or so.

Which brings back memories of another guy. This one using climate  fiction to make tons of dollars for himself. 
 
Verified by opentheword.org: “In 2007 — during his Nobel Peace Prize acceptance speech — Al Gore predicted the ice cap of the Northern arctic would disappear because of man-made global warming. He even went one step further and said the ice would be gone in seven years — by 2014.

“Ice free according to Gore meant an ice bed of less than 1 million sq kilometers, which means there would be just a fringe of ice along the coast lines.

“However, in an ironic twist, for a second year in a row the Arctic ice bed has increased in size, not shrunk. This despite record amounts of CO2 being passed into the atmosphere each year, which Gore says is causing the ice melt.”

There is a difference though, between the purposes of AlGore and the POTUS. While Gore wanted the money for himself, the POTUS desired the cash from self-proclaimed environmentalist, Tom Steyer, to help him get re-elected.  

Which brings us to today’s update on Bill Clinton’s wife. This one from Howard Kurtz @FoxNews.com, who writes about her currently declining poll results, as follows:

“Of course, polls can be a lagging indicator, and the barrage had to be chipping away at Clinton’s image—especially among independents. And that’s exactly what happened.

“In the CNN poll, 57 percent say she’s not honest and trustworthy, compared with 42 percent who say she is.

“In the Washington Post/ABC poll, 52 percent say she’s not honest and trustworthy, compared with 41 percent who think she is.

“Now polls bounce around, of course, but those are troubling numbers.

“They show the combined impact of the private emails scandal, the ethical questions swirling around the Clinton Foundation, the six-figure speaking fees, and one more thing: the constant avoidance of the press.”

In keeping with today’s subject, the huge value of the Internet, a reader’s comment led to finding a story @americanthinker.com dating back to the Clinton administration, and his wife’s attempt at involving herself in health care reform. 

“One of the key players who worked on HillaryCare, J. Bradford DeLong, an economics professor at U.C. Berkeley and a Democrat, said this about Hillary (with respect to her handling of HillaryCare):

My two cents’ worth -- and I think it is the two cents’ worth of everybody who worked for the Clinton Administration health care reform effort of 1993-1994 is that Hillary Rodham Clinton needs to be kept very far away from the White House for the rest of her life. Heading up health-care reform was the only administrative job she has ever tried to do. And she was a complete flop at it. She had neither the grasp of policy substance, the managerial skills, nor the political smarts to do the job she was then given. And she wasn’t smart enough to realize that she was in over her head and had to get out of the Health Care Czar role quickly.

Mr. DeLong’s comment was remindful of an old advertising slogan: “Ask the man who owns one,” which was first used by the Packard automobile company in 1901. The obvious premise, however, is that to find out the truth about a product (or person,) ask someone who really knows.

For Mr. DeLong’s sake, I hope he doesn’t go near Fort Marcy Park like Vince Foster did in 1993.

That’s it for today folks.

Adios

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