Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Posts Tagged ‘economic recovery

Gov’t Unemployment Numbers Explained by Abbott and Costello

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COSTELLO: I want to talk about the unemployment rate in America.
 
ABBOTT: Good Subject. Terrible Times. It’s 7.8%.
 
COSTELLO: That many people are out of work?
 
ABBOTT: No, that’s 14.7%.
 
COSTELLO: You just said 7.8%.
 
ABBOTT: 7.8% Unemployed.
 
COSTELLO: Right 7.8% out of work.
 
ABBOTT: No, that’s 14.7%.
 
COSTELLO: Okay, so it’s 14.7% unemployed.
 
ABBOTT: No, that’s 7.8%.
 
COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?
 
ABBOTT: 7.8% are unemployed. 14.7% are out of work.
 
COSTELLO: If you are out of work, you are unemployed.
 
ABBOTT: No, Congress said you can’t count the “Out   of Work” as the unemployed. You have to look for work to be   unemployed.
 
COSTELLO: BUT THEY ARE OUT OF WORK!!!
 
ABBOTT: No, you miss his point.
 
COSTELLO: What point?
 
ABBOTT: Someone who doesn’t look for work can’t be   counted with those who look for work. It wouldn’t be fair.
 
COSTELLO: To whom?
 
ABBOTT: The unemployed.
 
COSTELLO: But ALL of them are out of work.
 
ABBOTT: No, the unemployed are actively looking for work.   Those who are out of work gave up looking and if you give up, you are no   longer in the ranks of the unemployed.
 
COSTELLO: So if you’re off the unemployment roles, that   would count as less unemployment?
 
ABBOTT: Unemployment would go down. Absolutely!
 
COSTELLO: The unemployment just goes down because you   don’t look for work?
 
ABBOTT: Absolutely it goes down. That’s how it gets to   7.8%. Otherwise it would be 14.7%.

COSTELLO: Wait, I got a question for you. That means there   are two ways to bring down the unemployment number?
 
ABBOTT: Two ways is correct.
 
COSTELLO: Unemployment can go down if someone gets a job?
 
ABBOTT: Correct.
 
COSTELLO: And unemployment can also go down if you stop   looking for a job?
 
ABBOTT: Bingo.
 
COSTELLO: So there are two ways to bring unemployment down,   and the easier of the two is to have people stop looking for work.
 
ABBOTT: Now you’re thinking like an Economist.
 
COSTELLO: I don’t even know what the hell I just   said!
 
ABBOTT: Now you’re thinking like Congress.

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Written by opinionoregon

September 24, 2013 at 2:23 pm

Currency Wars: Americans are throwing gold and China is throwing paper

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currency war

Written by opinionoregon

May 8, 2013 at 3:31 pm

The last time the Dow was this high…..

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The last time the Dow was this high…

•Food stamp participation was 26 million, today it’s 48 million
•Gas was $2.75, today it’s $3.80
•Gold was $748, today it’s near $1,600
•U.S. National debt was 9 trillion, today we are at $16.4 trillion

How Low Will the Yen Go: Depression-Era Policies?

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How Low Will the Yen Go: Depression-Era Policies?

Written by opinionoregon

March 5, 2013 at 4:00 pm

Questions About Texas Independence?

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Can Texas actually secede?

The definition of “secede” is as follows: “To withdraw formally from membership in a federal union, an alliance, or a political or religious organization.” Secession is a very general term to describe a wide range of processes to achieve autonomy and self-government within a political or social context. The question then, really, is there any path for Texas to achieve autonomy and self-government? The paths are endless.

Is secession legal?

It is not illegal to withdraw from membership in the Union as no law exists which makes it illegal nor could one exist and be congruent with the fundamental construction of the Union. Were secession of a state from the United States declared illegal it would so fundamentally alter the nature of the relationship of the states that the very act of doing so would serve to end the Union.

Does Texas have a secession clause in its annexation agreement?

No. There is no explicit clause in the Joint Resolution of Annexation stating that Texas has a special right of secession. It is an understood right given to all states when they joined the Union.

Weren’t there irregularities in the annexation of Texas?

Yes. Texas was a recognized foreign nation at the time of annexation. The proper constitutional procedure for dealing with foreign nations is by treaty. The treaty of annexation, ratified by the Senate of the Republic of Texas, was not ratified by the United States Senate. The United States Congress passed a Joint Resolution of Annexation which was offered to the Republic of Texas. It was accepted by the convention and put to a vote of the people of Texas. While assent to the

agreement is consistent with the laws and Constitution of the Republic of Texas, there are those who assert that the annexation of Texas was an unconstitutional act by the Federal Government. In addition, the Supreme Court’s dicta in Texas v. White regarding “indestructible states” and the lack of a severability clause in the agreement lead others to say that any enforcement of Texas v. White invalidates the annexation agreement altogether.

Written by opinionoregon

January 25, 2013 at 8:54 pm

We will see a downgrade in the U.S credit rating in 2013

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A new downgrade in U.S. credit rating by S&P and perhaps Moody’s. This week Moody’s fired a warning shot to the U.S. Treasury, we believe if Moody’s plans to remain credible, they will need to downgrade the U.S. this year. Probably in the next 90 days during the debt ceiling crisis, if this happens, expect a massive shift to the precious metals as the world begins to acknowledge that the U.S. will have to print to keep interest rates artificially low.

Written by opinionoregon

January 8, 2013 at 5:05 am

Recession in the U.S. to be official

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Recession in the U.S. to be official in 2013. We know that for many of you reading this, you are probably asking when did the 2007 recession end. Well officially according to National Bureau of Economic Research, the recession ended around June of 2009, even though for those of us living in reality, the recession never ended. Food stamp use continues to make new all time highs, with 1 million people added in the past 2 months, coincidentally the same amount of people who have dropped out of the workforce during the same time frame. Gallup’s polling information continues to give us a real unemployment number in the teens with it being steady at 20% when you include everyone who wants a full time job that doesn’t have one. With that said, even the mainstream media and economists will admit this year that the U.S. is in a new recession, perhaps even stating that it started in late 2012.

Written by opinionoregon

January 7, 2013 at 3:17 pm