Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

Dale’s Observations For 2010-08-10

.@dmataconis Did someone say, "Captain Obvious"? http://twitpic.com/2dh7gp #

MV Agusta really DID screw Harley-Davidson! H-D had to pay the Italians $20 million to take it back. http://bit.ly/axjvRS #

After 9 years of pay and benefit increases, Federal workers are now earning double their private counterparts. http://usat.me?39636276 #

FOMC statement says no change in interest rates are in the offing, as economic growth remains slow. http://usat.me?39645182 #

Note to @DerSPIEGEL: Its not really appropriate for Germans to make moral pronouncements about WWII actions. http://bit.ly/brpxDF #

Is America heading for a "lost decade" similar to Japan's? http://bit.ly/9jmAHT #

These people have the power to put you in jail for years. But don't dare think that you can hold them accountable. http://bit.ly/bkk3a3 #

The National Federation of Independent Business said its optimism index fell 0.9 to 88.1 in July. http://bit.ly/b0hO8f #RecoverySummer #

The productivity of U.S. workers unexpectedly fell last quarter, increasing cost-cutting pressures. http://bit.ly/cOCkDJ #RecoverySummer #

Dale’s Observations For 2010-08-09

Russian man dies in searing heat at sauna contest. There's a world championship of…sauna? http://usat.me?39617852 #

Castiglioni completes his rape of Harley-Davidson. http://bit.ly/98Xnd0 #

DNC Chair Tim Kaine is complaining that Michelle Obama's Spanish trip is being politicized. Cry me a river, Weepy. http://bit.ly/98h5Iw #

Mike Pence admits Republicans have "credibility problem" on deficits. http://bit.ly/b792e6 #

Observations: The QandO Podcast for 08 Aug 10

In this podcast, Bruce, Michael and Dale discuss the economy, the Democrats’ “Blame Bush” strategy, and the anniversary of Hiroshima.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.

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Unemployment Rises

Today’s news of 131,000 jobs lost last month comes as no great surprise. What should also come as no great surprise is that the official unemployment rate of 9.5% continues to seriously underestimate the actual rate of unemployment.

Civilian population: 237,890,000
Historical Average Labor Force Participation Rate: 66.2%
Proper Labor Force Size: 157,483 000
Actually Employed: 138,960,000
Real Unemployment Rate: 13.3%

Using the same method of calculation, the unemployment rate in June 09 was 11.4%. Over the past six months, the rate had varied as follows:

Feb: 13.2%
Mar: 13%
Apr: 12.7%
May: 12.8%
Jun: 13.1%
Jul: 13.3%

Since April, 495,000 payroll jobs have been lost.

Dale’s Observations For 2010-08-05

The number of Americans who are receiving food stamps rose to a record 40.8 million in May. http://bit.ly/aWauTW #RecoverySummer #

Economy concerns send US mortgage rates to the lowest ever recorded in the Freddie Mac Survey. http://bit.ly/cGYoKW #RecoverySummer #

Jobless claims in U.S. climb unexpectedly–there's that word again–to three-month high of 479,000. http://bit.ly/98GQpV #RecoverySummer #

Best. Gubernatorial. Candidate. Ever. http://bit.ly/9XrZRX #

Dale’s Observations For 2010-08-04

After 107 years, Harley-Davidson may move its manufacturing operations out of Milwaukee, scouting other states. http://bit.ly/9N4Opf #

I looked at an iPad, and played with it a bit. I think I'd rather wait for an Android tablet. #

RT @sirfith @dmataconis @freddoso @warbiany: "Just buy the land next door and build the Charles Martel Cultural Center." | Would be amusing. #

RT @dmataconis @warbiany: Of course, if they aren't willing to sell that's the end of that. | Everybody has a price. Might be high, though. #

Opponents of the Ground Zero mosque are off to court today to try and block the project. http://bit.ly/9DRWLP #

The ADP Employment Survey came in with much stronger than expected gain of 42,000 private jobs in July. http://bit.ly/c5DLi8 #

You know, there's an easy way to keep the nasty Muslims from building the Ground Zero mosque: Buy the property from them. #

RT @ewerickson: "I'm not happy to let the enemy score points at Ground Zero."|If they're dangerous enemies, then shouldn't we lock them up? #

RT @AblativMeatshld RE: Cordoba House: "It is a place with seats made of fine Corinthian leather…" #

.@MelissaTweets @dmataconis: This may be one of those cases where the perfect is the enemy of the…well…less bad. #

RT @MelissaTweets @dmataconis: WHO GIVES A SHIT? She won't be Reid. | Hate to say it, but there is much merit in that position. #

Dale’s Observations For 2010-08-03

.@ewerickson The really horrible thing about liberty is that some people will use their rights to do things you don't like. Liberty is bad. #

.@ewerickson I guess its a good thing the Kelo decision now allows the government to take property for the public good, huh? in reply to ewerickson #

.@ewerickson Just out of curiosity, Erick, are there any other groups you'd like the gov't to strip of property rights, or just Muslims? in reply to ewerickson #

RT @dmataconis @owillis: Limbaugh: "Tomorrow is Obama's birthday, not that we've seen any proof of that" | C'mon, it's a funny line. #

So, personal income and spending are flat, factory orders declined 1.2%, and pending home sales are down 2.6%. Welcome to #RecoverySummer #

Orders to U.S. Factories Decline More Than Forecast. The 1.2% decline was more than twice the forecasted decline. http://bit.ly/95lLlc #

Pending Sales of Existing U.S. Homes Decrease 2.6%, as demand continues to unravel. http://bit.ly/bTnQo8 #

Geithner: Extending tax cuts for the richest is 'irresponsible'. Cutting spending is irresponsible, too, I guess. http://usat.me?39538404 #

Twitter: It saves lives. http://usat.me?39532758 #

The other angle you can take on Sharron Angle's press comments is that she just wishes she got the same supine press as Democrats. #

Is Sharron Angle crazy, or just stupid? I'm pretty sure Harry Reid will be staying in the senate. http://bit.ly/bR207n #

"Ground Zero" mosque clears another roadblock. Opponents vow to continue the fight against Muslims' property rights. http://bit.ly/bJAyJH #

Personal spending and personal income remained flat last month. And, yes, unexpectedly. http://bit.ly/9lMIyR #

Dale’s Observations For 2010-08-02

Samsung may be announcing the first credible, Android-based tablet device–and iPad competitor–on August 11. http://bit.ly/cRevNa #

Documentary: U.S. economy is at the beginning stages of a currency crisis that will ultimately lead to hyperinflation. http://bit.ly/ckkYC3 #

Homeownership rate continues to slide, hitting its lowest rate in fifty years. http://usat.me?39517364 #

George W. Bush to do first post-presidential interview in November http://usat.me?102070 | I would so love to see him angrily lash out. #

Construction spending for June was higher than expected, increasing by 0.1%. #

The ISM index came in at a better than expected 55.5. In general, a figure higher than 50 indicates an economic expansion. #

Observations: The Qando Podcast for 01 Aug 10

In this podcast, Bruce, Michael and Dale discuss the possibilities of Revolution, Secession, and Constitutional conventions.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.

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