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Private Sector is Doing Fine – 31 Aug 12 Edition

“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Willard Mitt Romney

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion
Facebook reported $1.2 billion
EBay reported $3.4 billion
Macy’s reported $6.12 billion
Travelers reported $6.36 billion
McDonald’s reported $6.92 billion
Morgan Stanley reported $7 billion
Best Buy reported $10.55 billion
Amazon.com reported $12.8 billion
Google reported $12.21 billion
United Parcel Service (UPS) reported $13.4 billion
Coca-Cola reported $13.09 billion
Intel reported $13.5 billion
Dell reported $14.5 billion
Pfizer reported $15.1 billion
Johnson & Johnson reported $16.5 billion
Microsoft reported $18.06 billion
Citigroup reported $18.4 billion
Procter & Gamble reported $20.2 billion
Bank of America reported $22.2 billion
IBM reported $25.8 billion
Verizon reported $28.6 billion
AT&T reported $31.6 billion

Following are third quarter earnings:

Hewlett-Packard reported $29.7 billion

Following are fourth quarter earnings:

News Corp. reported $8.4 billion
Cisco reported $11.7 billion

The private sector added 163,000 jobs in July, according to the ADP report. Analysts had been expecting an increase of 120,000.

The Conference Board’s gauge of consumer confidence rose to 65.9 in July from 62.7 in June, better than the 61.5 economists expected.

The manufacturing sector in the U.S. Midwest expanded at a slightly swifter pace in July than it did the month before. The Institute for Supply Management-Chicago’s PMI gauge came in at 53.7, higher than expectations of 52.5 and a reading of 52.9 in June.

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected.

Sales of existing homes rose 2.3% in July from June to an annualized rate of 4.47 million units, according to the National Association of Realtors.

U.S. pending home sales rose 2.4% in July from June, topping the 1% expected and hitting the highest level since April 2010. Sales were up 12.4% from a year ago.

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

The Labor Department reported producer prices climbed 0.3% in July from June, the fastest pace in five months. Analysts expected an increase of 0.2%. Excluding the food and energy components, prices were up 0.4%, also more than the 0.2% increase forecast.

The Commerce Department reported that building permits rose 6.8% to a rate of 812,000, the highest level in four years.

Retail sales climbed 0.8% in July from June, the largest increase since February and a bigger gain than the 0.3% economists expected.

The consumer sentiment reading of the Thomson Reuters/University of Michigan survey showed consumer sentiment increased to 73.6 in early August from July’s final reading of 72.3. The August preliminary reading topped forecasts for an increase to 72.4 and marked the highest level since May.

Sales of new single-family homes rose 3.6% in July from June to an annualized rate of 372,000 units. Analysts were expecting an annualized rate of 365,000 units.

The broad S&P 500 struck its highest level since May 2008 on 21 Aug 12, while the Dow is sitting less than 60 points beneath its highest point since the end of 2007. Meanwhile, oil futures are jumping 1.5% as the U.S. dollar sinks to its lowest level since early July.

The Markit Flash U.S. Manufacturing PMI rose to 51.9 in August from 51.4 in July, the first monthly increase in five months. Readings over 50 point to expansion while readings below 50 indicate contraction.

Orders for long-lasting U.S. goods rose 4.2% in July from June, blowing past estimates of a 2.4% increase. Excluding the transportation segment, orders were down 0.4%, missing estimates of a 0.5% gain.

A second reading on U.S. gross domestic product showed the economy expanded at an annualized rate of 1.7% in the second quarter, in line with economists’ estimates and faster than an initial estimate of 1.5%.

The S&P/Case-Shiller composite index of 20 metropolitan areas shows home prices rose 2.3% in June from May on a non-seasonally adjusted basis, a bigger gain than the 1.6% expected. Prices were up 0.5% from the same period a year earlier in the first increase since September 2010.

Personal spending rose 0.4% in July from June, as expected, to the highest level since February. Personal income rose 0.3%, also as expected.

A final reading on consumer sentiment for the month of August checked in at 74.3, higher than a preliminary reading of 73.6, according to a survey by Thomson Reuters and the University of Michigan.

Stock Market was 8077.56 on 19 Jan 09 and 13,090.84 on 31 Aug 12

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Posted by on August 31, 2012 in 2012 Election

 

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Private Sector is Doing Fine – 24 Aug 12 Edition

“The private sector is doing fine” ~ President Obama


“I think he’s really defining what it means to be out of touch with reality.” ~ Willard Mitt Romney

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion
Facebook reported $1.2 billion
EBay reported $3.4 billion
Macy’s reported $6.12 billion
Travelers reported $6.36 billion
McDonald’s reported $6.92 billion
Morgan Stanley reported $7 billion
Best Buy reported $10.55 billion
Amazon.com reported $12.8 billion
Google reported $12.21 billion
United Parcel Service (UPS) reported $13.4 billion
Coca-Cola reported $13.09 billion
Intel reported $13.5 billion
Dell reported $14.5 billion
Pfizer reported $15.1 billion
Johnson & Johnson reported $16.5 billion
Microsoft reported $18.06 billion
Citigroup reported $18.4 billion
Procter & Gamble reported $20.2 billion
Bank of America reported $22.2 billion
IBM reported $25.8 billion
Verizon reported $28.6 billion
AT&T reported $31.6 billion

Following are third quarter earnings:

Hewlett-Packard reported $29.7 billion

Following are fourth quarter earnings:

News Corp. reported $8.4 billion
Cisco reported $11.7 billion

The private sector added 163,000 jobs in July, according to the ADP report. Analysts had been expecting an increase of 120,000.

The Conference Board’s gauge of consumer confidence rose to 65.9 in July from 62.7 in June, better than the 61.5 economists expected.

The manufacturing sector in the U.S. Midwest expanded at a slightly swifter pace in July than it did the month before. The Institute for Supply Management-Chicago’s PMI gauge came in at 53.7, higher than expectations of 52.5 and a reading of 52.9 in June.

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected.

Sales of existing homes rose 2.3% in July from June to an annualized rate of 4.47 million units, according to the National Association of Realtors.

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

The Labor Department reported producer prices climbed 0.3% in July from June, the fastest pace in five months. Analysts expected an increase of 0.2%. Excluding the food and energy components, prices were up 0.4%, also more than the 0.2% increase forecast.

The Commerce Department reported that building permits rose 6.8% to a rate of 812,000, the highest level in four years.

Retail sales climbed 0.8% in July from June, the largest increase since February and a bigger gain than the 0.3% economists expected.

The consumer sentiment reading of the Thomson Reuters/University of Michigan survey showed consumer sentiment increased to 73.6 in early August from July’s final reading of 72.3. The August preliminary reading topped forecasts for an increase to 72.4 and marked the highest level since May.

Sales of new single-family homes rose 3.6% in July from June to an annualized rate of 372,000 units. Analysts were expecting an annualized rate of 365,000 units.

The broad S&P 500 struck its highest level since May 2008 on 21 Aug 12, while the Dow is sitting less than 60 points beneath its highest point since the end of 2007. Meanwhile, oil futures are jumping 1.5% as the U.S. dollar sinks to its lowest level since early July.

The Markit Flash U.S. Manufacturing PMI rose to 51.9 in August from 51.4 in July, the first monthly increase in five months. Readings over 50 point to expansion while readings below 50 indicate contraction.

Orders for long-lasting U.S. goods rose 4.2% in July from June, blowing past estimates of a 2.4% increase. Excluding the transportation segment, orders were down 0.4%, missing estimates of a 0.5% gain.

Stock Market was 8077.56 on 19 Jan 09 and 13157.97 on 24 Aug 12

Who’s out of touch Mitt?

 
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Posted by on August 24, 2012 in 2012 Election

 

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Private Sector is Doing Fine – 17 Aug 12 Edition

“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Willard Mitt Romney

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion
Facebook reported $1.2 billion
EBay reported $3.4 billion

Macy’s reported $6.12 billion

Travelers reported $6.36 billion
McDonald’s reported $6.92 billion
Morgan Stanley reported $7 billion
Amazon.com reported $12.8 billion
Google reported $12.21 billion
United Parcel Service (UPS) reported $13.4 billion
Coca-Cola reported $13.09 billion
Intel reported $13.5 billion
Pfizer reported $15.1 billion
Johnson & Johnson reported $16.5 billion
Microsoft reported $18.06 billion
Citigroup reported $18.4 billion
Procter & Gamble reported $20.2 billion
Bank of America reported $22.2 billion
IBM reported $25.8 billion
Verizon reported $28.6 billion
AT&T reported $31.6 billion

Following are fourth quarter earnings:

News Corp. reported $8.4 billion
Cisco reported $11.7 billion

The private sector added 163,000 jobs in July, according to the ADP report. Analysts had been expecting an increase of 120,000.

The Conference Board’s gauge of consumer confidence rose to 65.9 in July from 62.7 in June, better than the 61.5 economists expected.

The manufacturing sector in the U.S. Midwest expanded at a slightly swifter pace in July than it did the month before. The Institute for Supply Management-Chicago’s PMI gauge came in at 53.7, higher than expectations of 52.5 and a reading of 52.9 in June.

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected.

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

The Labor Department reported producer prices climbed 0.3% in July from June, the fastest pace in five months. Analysts expected an increase of 0.2%. Excluding the food and energy components, prices were up 0.4%, also more than the 0.2% increase forecast.

The Commerce Department reported that building permits rose 6.8% to a rate of 812,000, the highest level in four years.

Retail sales climbed 0.8% in July from June, the largest increase since February and a bigger gain than the 0.3% economists expected.

The consumer sentiment reading of the Thomson Reuters/University of Michigan survey showed consumer sentiment increased to 73.6 in early August from July’s final reading of 72.3. The August preliminary reading topped forecasts for an increase to 72.4 and marked the highest level since May.

Stock Market was 8077.56 on 19 Jan 09 and 13275.20 on 17 Aug 12

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Posted by on August 17, 2012 in 2012 Election

 

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Private Sector is Doing Fine – 10 Aug 12 Edition

“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Willard Mitt Romney

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion
Facebook reported $1.2 billion
EBay reported $3.4 billion

Macy’s reported $6.12 billion

Travelers reported $6.36 billion
McDonald’s reported $6.92 billion
Morgan Stanley reported $7 billion
Amazon.com reported $12.8 billion
Google reported $12.21 billion
United Parcel Service (UPS) reported $13.4 billion
Coca-Cola reported $13.09 billion
Intel reported $13.5 billion
Pfizer reported $15.1 billion
Johnson & Johnson reported $16.5 billion
Microsoft reported $18.06 billion
Citigroup reported $18.4 billion
Procter & Gamble reported $20.2 billion
Bank of America reported $22.2 billion
IBM reported $25.8 billion
Verizon reported $28.6 billion
AT&T reported $31.6 billion

Following are fourth quarter earnings:

News Corp. reported $8.4 billion

The private sector added 163,000 jobs in July, according to the ADP report. Analysts had been expecting an increase of 120,000.

The Conference Board’s gauge of consumer confidence rose to 65.9 in July from 62.7 in June, better than the 61.5 economists expected.

The manufacturing sector in the U.S. Midwest expanded at a slightly swifter pace in July than it did the month before. The Institute for Supply Management-Chicago’s PMI gauge came in at 53.7, higher than expectations of 52.5 and a reading of 52.9 in June.

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected.

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

Stock Market was 8077.56 on 19 Jan 09 and 13207.95 on  Aug 12

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Posted by on August 10, 2012 in 2012 Election

 

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Latest 2012 Presidential Polls – 07 Aug 12 Edition

Thirteen weeks until the November election and the Republican Tea Party (GOTP) presidential wanna-be Willard Mitt Romney’s still trying to dodge the need to release his tax records and the heat’s now been turned on by Senate Leader Harry Reid who announced on floor of the United States Senate that he’d received a phone call from a former Bain investor who claimed Willard hadn’t paid any taxes in ten years; Romney’s campaign turned around and told Senator Reid to prove it, and to “put up or shut up”. Oddly enough that’s how Willard could solve this problem, he could put up and then everyone else would shut up.

So, how does the GOTP candidate stand up against the President?

The last favorability Pew Research poll of registered voters conducted from 16 – 26 Jul 12, showed the President with a 50% favorability rating compared to Romney’s 37%. No candidate has ever even come close to winning the presidency with such pathetic favorability ratings.

So, who’s more electable right now?

In the most recent viable’ national poll(s) – which are any group other than the Washington Times or Rasmussen (which are generally always skewed not just to the right, but far to the right) – the most current Gallup Tracking poll of registered voters conducted 31 Jul – 06 Aug 12, if the general election were held today:

President Obama 46/Romney 46

The most recent Pew Research poll of registered voters conducted 16 – 26 Jul 12, if the general election were held today:

President Obama 51/Romney 41

And finally, the most recent Democracy Corps (D) poll of likely voters conducted 21 – 25 Jul 12, if the general election were held today:

President Obama 50/Romney 46

If the general election was held today, according to national polls, Willard Mitt Romney loses to President Obama in the general election.

According to state polls, if the General Election were held TODAY (note these are based on current poll numbers – not projections), the Electoral College totals based on all available current poll numbers the President defeats Romney 347/191:

Results of 15 consecutive simulations based on poll data as of 07 Aug 12

Obama 324/214
Obama 302/236
Obama 325/213
Obama 286/252
Obama 319/219

Obama 288/250
Obama 312/226
Romney 273/265
Obama 347/191
Romney 271/267

Obama 347/191
Obama 320/218
Obama 304/234
Obama 342/196
Obama 311/227

Of 15 simulations Romney manages only three victories, while the President not only beats Romney but beats him by a landslide more than half the time defeating Romney 12/3.

 
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Posted by on August 7, 2012 in 2012 Election

 

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Private Sector is Doing Fine – 03 Aug 12 Edition

“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Willard Mitt Romney

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion
Facebook reported $1.2 billion
EBay reported $3.4 billion
Travelers reported $6.36 billion
McDonald’s reported $6.92 billion
Morgan Stanley reported $7 billion
Amazon.com reported $12.8 billion
Google reported $12.21 billion
United Parcel Service (UPS) reported $13.4 billion
Coca-Cola reported $13.09 billion
Intel reported $13.5 billion
Pfizer reported $15.1 billion
Johnson & Johnson reported $16.5 billion
Microsoft reported $18.06 billion
Citigroup reported $18.4 billion
Procter & Gamble reported $20.2 billion
Bank of America reported $22.2 billion
IBM reported $25.8 billion
Verizon reported $28.6 billion
AT&T reported $31.6 billion

The private sector added 163,000 jobs in July, according to the ADP report. Analysts had been expecting an increase of 120,000.

The Conference Board’s gauge of consumer confidence rose to 65.9 in July from 62.7 in June, better than the 61.5 economists expected.

The manufacturing sector in the U.S. Midwest expanded at a slightly swifter pace in July than it did the month before. The Institute for Supply Management-Chicago’s PMI gauge came in at 53.7, higher than expectations of 52.5 and a reading of 52.9 in June.

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected.

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

Stock Market was 8077.56 on 19 Jan 09 and 13096.17 on 03 Aug 12

Who’s out of touch Mitt?

 
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Posted by on August 3, 2012 in 2012 Election

 

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Latest 2012 Presidential Polls – 25 Jul 12 Edition

It’s only 15 weeks until the November election and the Republican Tea Party (GOTP) presidential wanna-be Willard Mitt Romney’s decided that he agrees with President Obama that business success didn’t happen by itself while disagreeing that success didn’t happen by itself. He continues to be under fire for having said he left Bain Capital in 1999 while records from the company filed with the Securities & Exchange Commission (SEC) show he was still involved into 2002. He’s telling the President it’s time to stop stonewalling on alleged leaks from the White House while he’s been stonewalling for months in refusing to release his tax returns – not smart speech writing.

So, how does the GOTP candidate stand up against the President?

According to the last CBS News/NY Times poll of registered voters conducted from 11 Jul 12 – 16 Jul 12, shows the President with a 36% favorability rating compared to Romney’s 32%.

So, who’s more electable right now?

In the most recent viable’ national poll(s) – which are any group other than the Washington Times or Rasmussen (which are generally always skewed not just to the right, but far to the right) – the most current Gallup Tracking poll of registered voters conducted 18 Jul – 24 Jul 12, if the general election were held today:

President Obama 45/Romney 46

The most recent NBC News/Wall St. Jrnl poll of registered voters conducted 18 Jul – 22 Jul 12, if the general election were held today:

President Obama 49/Romney 43

And finally, the most recent FOX News poll of registered voters conducted 15 Jul 12 – 17 Jul 12, if the general election were held today:

President Obama 45/Romney 41

If the general election was held today, according to national polls, Willard Mitt Romney loses to President Obama in the general election.

According to state polls, if the General Election were held TODAY (note these are based on current poll numbers – not projections), the Electoral College totals based on all available current poll numbers the President defeats Romney 347/191:

Results of 15 consecutive simulations based on poll data as of 25 Jul 12

Obama 337/201
Obama 312/226
Obama 316/222
Obama 294/244
Obama 311/227

Obama 275/263
Obama 317/221
Obama 299/239
Obama 305/233
Obama 295/243

Romney 273/265
Obama 352/186
Obama 313/225
Obama 314/224
Romney 275/263

Of 15 simulations ran, Romney ekes out only two victories by the slimmest of margins, while the President not only beats Romney but beats him by a landslide more than half the time defeating Romney 13/15 times.

 
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Posted by on July 25, 2012 in 2012 Election

 

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Private Sector IS Doing Fine

“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Republican Tea Party (GOTP) wanna be Willard Mitt Romney

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion

EBay reported $3.4 billion

Travelers reported $6.36 billion

McDonald’s reported $6.92 billion

Morgan Stanley reported $7 billion

Google reported $12.21 billion

United Parcel Service (UPS) reported $13.4 billion

Coca-Cola reported $13.09 billion

Intel reported $13.5 billion

Johnson & Johnson reported $16.5 billion

Caterpillar reported $17.37 billion

Microsoft reported $18.06 billion

Citigroup reported $18.4 billion

Bank of America reported $22.2 billion

IBM reported $25.8 billion

Verizon reported $28.6 billion

AT&T reported $31.6 billion

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

Stock Market was 8077.56 on 19 Jan 09 and 12943.36 on 19 Jul 12

Who’s out of touch Mitt?

 
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Posted by on July 24, 2012 in 2012 Election

 

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Latest 2012 Presidential Polls – 10 Jul 12 Edition

Seventeen weeks until the November election and while President Obama’s gone on the offensive calling on Congress to extend the Bush tax cuts for everyone earning less than $250,000 per year, Republican Tea Party (GOTP) presidential wanna-be Willard Mitt Romney’s calling for the tax cuts to be extended for everyone, saying increasing taxes on the top 2% would hurt the “job creators” in America; only problem with Willard’s theory is we’ve had these tax cuts for more than ten years now, and seen very little return from the so-called “job creators”.

So, how does the GOTP candidate stand up against the President?

No new polls on current favorability of the candidates; however, according to the latest CNN/Opinion Research poll of registered voters conducted from 28 Jun – 01 Jul 12, shows the President with a 54% favorability rating compared to Romney’s 49%.

So, who’s more electable right now?

In the most recent viable’ poll(s) – which are any group other than FOX News, Washington Times or Rasmussen (which are generally always skewed not just to the right, but far to the right) – the most current Reuters/Ipsos poll of registered voters conducted 05 Jul – 09 Jul 12, if the general election were held today:

President Obama 49/Romney 43

The most current Gallup Tracking poll of registered voters conducted 01 Jul – 08 Jul 12, if the general election were held today:

President Obama 47/Romney 45

The most recent ABC News/Wash Post poll of registered voters conducted 05 Jul – 08 Jul 12, if the general election were held today:

President Obama 47/Romney 47

And finally, the most recent CNN/Opinion Research poll of likely voters conducted 28 Jun 12 – 01 Jul 12, if the general election were held today:

President Obama 49/Romney 46

If the general election was held today, Willard Mitt Romney still loses to President Obama in the general election.

How big would Willard lose? Well, if the General Election were held TODAY (note these are based on current poll numbers – not projections), the Electoral College totals based on all available current poll numbers:

 
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Posted by on July 10, 2012 in 2012 Election

 

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Romney says it’s OK for public sector employees to be fired?

According to news reports, Republican Tea Party (GOTP) presidential candidate Willard Mitt Romney’s running around the country proclaiming it’s bad for private-sector workers to lose their jobs, but it’s good for government workers to do so.

Of course Willard’s various – as in ever changing – positions on employment are drawing renewed scrutiny following continuing comments that the country doesn’t need to hire anymore firefighters, police officers and teachers, and besides all that the federal government doesn’t pay for them.

The idea the federal government doesn’t pay for firefighters, police officers or teachers is – to use Willard’s words – absurd; of course the federal government pays for, or at least a very sizeable part of the salaries for these positions; in fact it spends billions of dollars annually paying for teachers, police officers and firefighters throughout the country, and the fact Romney fails to know this is just one more clear demonstration of how he’s not ready for the prime time – he’s just one more conservative businessman in an expensive suit proclaiming how he’s going to run the government like a business, and won’t that be grand? Well, except for two things, the government’s not a business, and second, the last time we elected a “business man” as president we ended up with two unfunded wars and the economy over the side of a cliff.

Local governments of course do the actual hiring, but many of those hires are only possible thanks to federal dollars and all too many local communities would have far fewer of these vital public employees if the federal government suddenly stopped funding teachers through Title I, police officers through the COPS program and firefighters through the SAFER program.

Everyone knows how Willard “likes to fire people”, but his non-stop suggestion that firing a government employee can directly lead to the hiring of one or more private-sector workers is pure fantasy. Recently he told Colorado voters that President Barack Obama’s stimulus program “didn’t help private-sector jobs. It helped preserve government jobs.”

As Ronald Reagan would say, “Well, there you go again,” meaning Willard’s not just a liar, but a big fat hairy liar and what’s more he knows he’s lying. President Obama’s more than $800 billion stimulus created both public-sector and private-sector jobs and the Congressional Budget Office (CBO) recently estimated the stimulus saved or created more than 3 million jobs. Talk about being out of touch with economic reality; the truth is the vast majority of the stimulus was used for “shovel ready” construction projects which hired? Wait for it; private sector employees wielding those shovels.

But facts don’t concern the Rominator, and who cares if it saved public sector jobs, he’s selling the idea government employees aren’t real people, so if they lose their jobs, health insurance etc it’s no big deal. “We have 145,000 more government workers under this president,” Willard mews. “Let’s send them home and put you back to work.”

And dolts look at him and nod, thinking, “That’s right, fire them govment people and give me their jobs instead,” because that’s what he’s selling.

Romney wants to take public sector jobs and convert them into private sector jobs; we’ll hire companies like Black Water to run our local police forces because that’s worked so well in Iraq and Afghanistan. But that’s where this is going, it’s going towards private sector run schools, police departments and fire departments where we – as citizens – will pay these groups to perform these services instead of paying taxes; the catch is if you don’t pay, you don’t have fire fighters showing up to put out your burning house, and you don’t have police officers coming to help with that intruder, and your schools will be run by some giant conglomerate a thousand miles away; no more school board, instead you’ll have a board of directors more concerned with stock holders being paid dividends than your child getting the best possible education.

It doesn’t matter to Romney and his minions that numerous independent economists have verified the stimulus prevented a devastating economic collapse, including private and public-sector jobs losses, from being worse; facts don’t matter to Willard.

Recently on Fox News, Willard rejected claims his policies would worsen unemployment and deprive communities of needed services.

“Teachers and firemen and policemen are hired at the local level, and also by states,” Romney said. “The federal government doesn’t pay for teachers, firefighters or policemen. So obviously, that’s completely absurd.”

Well, let’s look at the facts; Title I funding for school personnel was $14.5 billion this year, the Senate Appropriations Committee said. Federal grants to states for special education reached $11.5 billion. Additionally, millions of federal dollars put police and firefighters in various communities.

Clearly Romney doesn’t get it; he doesn’t understand how federal funding’s essential to local communities; he’s out of touch with anything outside his millionaire reality. Many on the right scream about cutting federal spending and handing the programs back to the states; well, guess what? When you remove federal dollars for essential services those states will be forced – sooner or later – to increase state taxes and localities will also raise taxes to pay for them; we’ll see our federal tax burden drop only to see our state and local tax burdens rise to meet the deficit.

 
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Posted by on June 14, 2012 in 2012 Election

 

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