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The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for March 7th, 2011

Gallup says unemployment UP to 10.3% – Obama says unemployment down to 8.9% – Who to believe?

Posted by iusbvision on March 7, 2011

Well the presidential election season starts in two months.

UPDATE – Question answered. First time unemployment claims are up 26,000 to 397,000 – LINK.

UPDATE II – Dick Morris comes out with the same analysis, two weeks later :) LINK.

Bloomberg financial says that unemployment unexpectedly fell to 8.9% according to the Obama Administration – LINK.

Investors.com says that job openings are down 30% with gross is hiring down by 893,000 jobs – LINK.

So how can unemployment be 8.9%, especially in light of the information you are about to see. Combine this with skyrocketing gas & food prices and why would confidence be up? [Note – In talking among some educated friends one of them said “The Administration is trying to polish a turd.”]

Gallup:

Gallup Finds U.S. Unemployment Hitting 10.3% in February

Underemployment surged to 19.9% in February from 18.9% at the end of January

by Dennis Jacobe, Chief Economist

PRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February — up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.

The percentage of part-time workers who want full-time work worsened considerably in February, increasing to 9.6% of the workforce from 9.1% at the end of January. A larger percentage of the U.S. workforce is working part time and wanting full-time work now than was the case a year ago (9.3%).

Underemployment Surges in February

Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%. This resulted from the combination of a sharp 0.5-point increase since the end of January in the percentage unemployed and a 0.5-point increase in the percentage working part time but wanting full-time work. Underemployment is now higher than it was at this point a year ago (19.7%).

Jobs Situation Deteriorates in February

There is essentially no difference between the unemployment rate now and the one at this time a year ago; January’s rate, in contrast, showed a 1.1-percentage-point year-over-year improvement. This suggests that the real U.S. jobs situation worsened in February. That is, jobs are relatively less available now than in January.

In the broader underemployment picture, the situation is much the same. January’s year-over-year improvement of 1.0 points became -0.2 points in February. In turn, this suggests job market conditions in terms of underemployment also worsened during February.

This deterioration in the jobs situation combined with surging gas prices, budget battles at the federal and state level, and declines on Wall Street tend to explain the recent plunge Gallup recorded in consumer confidence. They also align with the continued “new normal” spending patterns of early 2011. Although Gallup’s Job Creation Index has improved over the past year and showed modest improvement in February, the improvement has not been significant enough to positively affect underemployment and unemployment.

Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate should be in the low 7% range by late 2012. If that is going to be the case, the job creation environment must change dramatically from what it is today.

Gallup.com reports results from these indexes in daily, weekly, and monthly averages and in Gallup.com stories. Complete trend data are always available to view and export in the following charts:

Daily: Employment, Economic Confidence and Job Creation, Consumer Spending
Weekly: Employment, Economic Confidence, Job Creation, Consumer Spending

Read more about Gallup’s economic measures.

Posted in 2012, Chuck Norton, Economics 101 | Leave a Comment »

Live Sex With a Powertool in Class at Northwestern University. Your Tax Dollars at Work…

Posted by iusbvision on March 7, 2011

Live Sex Demo at Northwestern University’s ‘Human Sexuality’ Class…  complete with a powertool. Your tax dollars at work.

They also used a powertool with a sextoy connected to the end to use on the female “subject”. The university paid them $500.00 an hour.

Here is a look at the “teachers”…

John Bailey

Ken Melvoin-Berg

My Fox Chicago:

Evanston, Ill. – More than 100 Northwestern students watched as a naked woman was penetrated by a sex toy wielded by her boyfriend during an after-class session of the school’s popular “Human Sexuality” class.

The demo, which was optional, was part of the popular class taught by Prof. John Michael Bailey, the Sun-Times is reporting. More than 600 students take the class, which the course description says “will treat human sexuality as a subject for scientific inquiry.”

The woman involved in the demonstration was not a student, according to the Daily Northwestern, NU’s student newspaper.

“Her boyfriend did the penetration on her,” said Ken Melvoin-Berg, who narrated what was happening for the class. He operates the “Weird Chicago Red Light District Sex Tour.”

In an email, Northwestern defended the class and its professor.

“Northwestern University faculty members engage in teaching and research on a wide variety of topics, some of them controversial and at the leading edge of their respective disciplines,” said spokesman Alan Cubbage. “The University supports the efforts of its faculty to further the advancement of knowledge.”

Posted in Academic Misconduct, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War | 1 Comment »

Greenspan: Bloated Government is hurting economy

Posted by iusbvision on March 7, 2011

Ya think?

Bloomberg:

Former Federal Reserve Chairman Alan Greenspan said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.

Increased bond issuance by the Treasury Department crowds out borrowers with the weakest credit ratings, Greenspan said in an article in International Finance, published on the Web today. At least half of the shortfall in companies’ capital spending “can be explained by the shock of vastly greater government- created uncertainties embedded in the competitive, regulatory and financial environments” since the failure of Lehman Brothers Holdings Inc. (LEHMQ) in 2008, Greenspan said.

“Much intervention turns out to hobble markets rather than enhancing them,” said Greenspan.

 

 

Posted in Chuck Norton, Economics 101 | Leave a Comment »