Tag Archives: WSJ

Time For the Invoice

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So, what is the cost to each of us and our children for the spectacular job Bush and Obama have done prolonging, I mean, saving us from certain doom and destruction?  A group from Stanford economists from the Hoover Institute lay out the numbers for us in the WSJ today.  If it doesn’t frighten you then you are obviously one of our international readers (welcome to www.realitybatslast.com!)

The Magnitude of the Mess We’re In

9-18 Update by Bryce- Reading this column about the ‘Mess We’re In’ prompted two thoughts:

1. Who in their right mind would want to be the Captain as the USS Titanic tries to make it’s way forward through these waters? None of the problems enumerated in the article have easy solutions; just very painful and difficult ones. And if you are a conservative Captain, the press will be sabataging every move you make.

2. Republicans would be wise to avoid the Messianic thinking that swept Obama into power. Dear Leader cannot make these problems go away. Not Obama; not Romney. Turning this big ship around will take much more than the election of a new Captain. A new Captain is necessary, but certainly not sufficient.

The Real Unemployment Story

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One of the great unanswered mis-representations of the election season is the unemployment picture given by the media.  I would be willing to bet that most of the nation actually believes that the unemployment figure is hovering around 8%.  The real number is closer to 11% (and 19% if you add “under-employment” — part-time jobs that are placeholders for real work).  Lets all recall what Obama said about what would happen if he couldn’t turn those numbers around:

Lets hold him to it.   For more details on the dismal job numbers, take a look at the following news article in the Wall Street Journal:

Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look