Day: April 2, 2004

DRASTIC TIMES CALL FOR COMPLETELY IDIOTIC SOLUTIONS

Posted on | by Ed | 1 Comment on DRASTIC TIMES CALL FOR COMPLETELY IDIOTIC SOLUTIONS

In anticipation of the upcoming Annual American Festival of Natural Resource Consumption (aka "summer"), the Bush Administration has come up with an awesome new idea for keeping gas prices low.
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CNBC and CNN report that they have proposed the suspension of federal Clean Air Act regulations in California, New York, and Connecticut.

These regulations are responsible for those "contains 10% ethanol" stickers you see at the pump.
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Ethanol is a clean-burning corn-derived product that is mixed with the ossified dinosaur liquid that we hold so dear in order to make it burn more cleanly.

It makes sense, right? I mean the Los Angeles area is already known for its stunningly clean and fresh air. As is New York. And while it may knock the price down a few cents, it will also increase the amount of actual gasoline being used.
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But this administration is strong in its leadership. Make no mistake: there is NO environmental regulation that they will not repeal in order to lower the price of filling a Ford Expedition in Orange County from $80 to $76.

What's with this math?

Posted on | by Mike | 8 Comments on What's with this math?

Wow. We finally had a month of strong employment growth.

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Among other leadering factors for this jump are the 72,000 idled grocery workers in california who are no longer striking, and are working again, and are thus now being counted as new jobs, and that it is spring again, so construction (the other leading industry in hiring) begins anew.

Wait – we don't mean to be this cynical – the market may actually be improving, and all we had to do was drive the country three trillion dollars into debt to get it.
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My two cents, before everyone else jumps in and starts slapping each other on the back:

($500billion yearly deficit) / (4 for quarterly) / (revised 171,000 jobs created per month * 3 months) = we are taking $243,664 in debt per job created.

Now granted, I'm sure those grocery workers and all the other jobs our economy created this past quarter are paying above the $250,000/yr mark, but let's pretend they aren't.

I'm not an economist by any means, (I've always run to math equations instead of theory) so I'll need someone to explain to me why this is an efficient system.

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I'll probably believe you, because like most americans I'll believe anything if there are enough fancy words used – and before we start revising history the sole stated reason for taking this deficit (100 or so billion for Iraq aside) was to save the economy. And no, I'm not a centralizing fan or a socialist – I just think there has to be a way to create a bunch of crappy service-industry jobs that is more cost-effective than this trickle-down – and I want to stop the debate from being "Wow – look how trickle-down saved the country" and turn it into "so, was this worth it? Was there possibly another way?"