Saturday, July 30, 2016

Updated Employment Chart for Post WWII Recessions

Here is the final chart before employment for the 2008 recession finally got back to where it was in November 2007.  As you can see, it took about 6.5 years for employment levels to finally recover.  Part of that could be blamed on the severity of the financial crisis in the summer of 2008, but the policies of Obama and the Democrats severely extended the downturn, as Hoover and FDR did during the Great Depression with their government intervention.  Employment recovered after every other post-WWII recession within 1-4 years, most within 2 years.  If government would let the business cycle play out, we would have much shorter downturns.  And while it's true that Obama was elected at month 12 and took office at month 14 on this graph, I don't think any credit can be given to Obama for turning the economy around when that is what it naturally does after every recession.  That's the important context this graph gives, that recessions are usually brief.  Obama's actions probably extended the natural recovery time by 3-4 years.

Hat tip: Calculated Risk

Wednesday, December 19, 2012

Liberal lunacy on guns

I've been deeply troubled by the national conversation since the Sandy Hook Elementary shootings in Connecticut last Friday.  First, let me say that my heart breaks for the families of the kids and teachers that were lost.  I have a 7 year old daughter, and I can only imagine how devastating it would be if it were her school that a madman shot up.

That said, the hot topic in the wake of the shooting is gun laws.  The goal is obviously how to prevent mass loss of life like this from happening, and the response from the left borders on idiocy.

My initial reaction was this should be the turning point where we finally put some security in place in schools and arm a few responsible adults at each school.  Hiring and training multiple armed security guards at each school would be very costly.  It would be by far the easiest, and probably even more effective, to simply allow 2-5 teachers/staff at each school to carry a concealed weapon.  The problem has always been that the madman comes with force and there is nothing to stop him because we have self-imposed a gun free zone at schools.  The laws are so misguided.  The main thing we are doing is unilaterally deciding we won't have proper security at schools.  Here's one fact that liberals choose to completely ignore, even when you say it straight to their face, but it's true and very relevant nonetheless:  every mass public shooting in America since 1950, with only 1 exception, took place in a "gun-free" zone.  That is why I am saying the lesson should obviously be that it is time to ban "gun-free" zones (except in cases, like courtrooms and government buildings, where proper armed security can be mounted and screening measures can be enforced).

Instead, the lunatic left thinks the lesson is we need to pass more gun control laws, like to ban semi-automatic weapons.  Never-mind that semi-automatic weapons are the most common type of guns in America, and there would be no way to ban them without completely trashing the 2nd amendment.  Most every hunting rifle is a semi-automatic weapon.  Most handguns are semi-automatic too, and can fire a clip of 5-10 bullets, and could easily be reloaded.  Never-mind that it is impossible to predict who is a madman and stop every person from getting their hands on other people's guns.  So called "gun control" is completely ineffective and almost always places limits on the law-abiding and is ignored by the criminals.

What I do know is that if the school principal at Sandy Hook had a gun, she'd have had a lot better chance at stopping the madman than lunging at him empty handed.  If there were 3 armed adults on campus that could have responded, and the madman did not know which adult might be packing so he didn't know which ones to look out for, then I would wager that he could have been taken out near the office area before he even got to a classroom.  And if he knew there were likely armed adults on campus, there is a high probability that he would not have attacked the school to begin with.

Saturday, March 17, 2012

MUST READ: Krauthammer on Obama's Energy Policy

Read Charles Krauthammer's brilliant dissection of Obama's foolish energy policies.

Monday, March 5, 2012

VIDEO: MUST SEE: Peter Schiff Called It

We should start listening to Peter Schiff a LOT more. There is nothing he said in this entire video that I can disagree with, and look at him getting laughed at by all the other TV talking heads back before the housing crisis right as he was precisely predicting everything that was coming over the next several years. Scary how wrong Ben Bernanke was and he's still running the Fed. Ron Paul is really good on these issues. If he wasn't such a foreign policy nutcase, I might support him for President. Please, if you have any questions and want to understand the truth, please ask questions and I can explain more.

Saturday, August 20, 2011

Housing Market Graph Update

Hat tip: JP's Real Estate Charts

It looks like we are finally back to about where the market should have been by now based on historical real estate values. However, with the glut of foreclosures on the market or soon to be on the market, and the excess supply of housing that must be soaked up, the market could drop further or it could take several years before the market starts heading back up again.

See my previous posts on the mortgage collapse/correction:
  • Oct 4, 2008 Where is the defense of free markets?!
  • Nov 21, 2008 Deregulation vs. Fannie & Freddie
  • Feb 21, 2009 Housing Price Decline Not Done Yet
  • Feb 21, 2009 Sowell: Housing Crisis Caused By Government
  • Mar 25, 2009 Obama puts troublemaker in charge
  • Feb 13, 2010 2 Graphs: Jobs and Housing prices
  • VIDEO: Soak the rich! Oops.

    I haven't posted anything in a while because I don't think anyone really reads my blog but myself. But I was reading back some of my old posts from 2008 and 2009 and found them very informative. :) I found a lot of facts, events, stats, graphs, and videos that I had completely forgot about. So, if nothing more than to catalog my thoughts so I can review them again in the future, I'm going to try to start posting to my blog again.

    First up, I have to post a video from back in March by Bill Whittle, who demonstrates how bankrupt the idea is that if we'd just soak the rich, we'd have plenty of money for the government. Enjoy.