Posts Tagged ‘geithner’

Initial Claims for Unemployment…

March 29, 2012

I have not written about the Unemployment rate since February 2nd, I’ve been pretty busy.  I think everyone should know where I stand on the Government Propaganda.  IF there is any confusion please read the previous posts concerning unemployment.  This time I am just going to give a brief summary of what has happened since the last time.

The references are from FoxNews and CNBC:

March 29th:

“The number of people seeking U.S. unemployment benefits dropped last week, the latest evidence that the job market is strengthening.  The Labor Department says weekly unemployment benefit applications fell 5,000 to a seasonally adjusted 359,000. That’s the smallest number of applicants since April 2008.

The smallest since April 2008???  What about LAST WEEK’s number??  They said it was 348,000!!!  But they adjusted it upward to 364,000 this week!!!

“The department also made its annual revisions to the past five years of unemployment benefit data. The revisions significantly increased the number of unemployment benefit applicants in recent months.”

More government massaging!!!  So, they were able to lie about report LOWER numbers than actually occurred in the REAL WORLD and are now “adjusting” all those LOWER estimates in one week!!!  Those “adjustments” SIGNIFICANTLY INCREASE the number of applicants in recent months.  You know…..that time when EVERYONE was “reporting” that things were IMPROVING!!!

and the last quote is PRICELESS:

“More than 12.8 million people remain unemployed and the economy still has 5 million fewer jobs than before the downturn.”

Read that again.  5 MILLION FEWER JOBS available!!!  And that does not say anything about how many NEW ENTRANTS there are to the job pool.  You know…..all those people that have just turned 18 or have graduated from college in the last 3 years and now WANT A JOB!!!

March 22nd:

“Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 348,000, the lowest level since February 2008, the Labor Department said.  The prior week’s figure was revised up to 353,000 from the previously reported 351,000.”

March 15th:

“The number of Americans who filed requests for jobless benefits fell by 14,000 last week to 351,000, matching a four-year low, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 365,000 from 362,000.

March 8th:

“Jobless claims in the U.S. rose to the highest level in five weeks, climbing by 8,000 to a seasonally adjusted 362,000, the Labor Department said Thursday. Claims from two weeks ago were revised up to 354,000 from 351,000.”

March 1st:

“Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 351,000, the Labor Department said. The prior week’s figure was revised up to 353,000 from the previously reported 351,000.”

February 23rd:

“Jobless claims in the U.S. were unchanged last week at a seasonally adjusted 351,000, the Labor Department said Thursday.   Claims from two weeks ago were revised up to 351,000 from 348,000.”

February 16th:

“Weekly jobless claims in the U.S. fell by 13,000 to a seasonally adjusted 348,000 in the week ended Feb. 11, the Labor Department said Thursday. That’s the lowest level since March 2008, when the U.S. was in the early stages of a recession.  Claims from two weeks ago were revised up to 361,000 from 358,000.”

February 9th:

“On the economic front, weekly jobless claims declined 15,000 to a seasonally adjusted 358,000, according to the Labor Department, hitting the second-lowest level in almost four years.”

358,000 + 15,000 = 373,000 which is an 8,000 upwardly revised number from the previous week of an initially reported 367,000!!

How many times can the news outlets claim that this weeks number is the LOWEST since whenever, before the public says “but this is HIGHER THAN LAST WEEK”??  At least twice in the last month they have said that 348,000 is the lowest since 2008!!!  I call BS!!!  You do NOT get to lie claim, INCORRECTLY, that this weeks number, which WILL BE REVISED HIGHER NEXT WEEK, is the lowest in 4 years, and THEN DO IT AGAIN LATER AFTER YOU “ADJUST” THE NUMBER TO REALITY!!!

So to summarize we have had 8 + 3 + 3 + 2 + 3 + 3 + 2 + 14 = 37,000 initial claims “ADJUSTMENTS” in almost 2 months.  NOT including the adjustments that were made this week, which SIGNIFICANTLY INCREASED the number of applicants in the last few months!!!  Still we do NOT have a single month where the “revision” is “downward”, which means that the government propagandists, that call themselves statisticians, ALWAYS underestimate the initial claims in order for it to appear that the jobs picture is improving.  Do NOT forget that we still have 5 MILLION fewer jobs, and this, AFTER WE HAVE “STIMULATED” with TRILLIONS of worthless dollars!!!  Thanks Mr. Obama, Mr. Bernanke, Mr. Geithner, great work!!! (sarcasm off)

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The LOOTING of America….

April 12, 2011

If ANYONE still believes that the United States Government is the correct size, or god forbid, too small, they need to read this article from Rolling Stone

This, from the “most transparent” administration in history.  Sorry, I almost threw up!!!

This has GOT TO STOP!!!

Pass it around, tell your Representatives how you feel.

The TAX CODE is BROKEN

March 27, 2009

I would like to point out that there seems to be a serious problem with the income tax code of the United States.

taxes-3

First, we have very prominent people (Rahm Emanuel – Current White House Chief of Staff, Timothy Geithner – Current Treasury Secretary (over sees the entire IRS), Charles Rangel – Current Chairman (that is the HEAD) of the House Ways and Means Committee (the committee that WRITES the TAX LAWS), Tom Daschle – Former Senate Minority Leader, Nancy Killefer – Nominated by President Obama to the post of Office of Management and Budget, Kathleen Sebelius – Nominated by President Obama to be head of Health and Human Services and current Governor of Kansas, Al Franken – Possible Senator, Sarah Palin – Current Governor of Alaska and former Vice-Presidential Candidate, Ron Kirk -nominated as U.S. Trade Representative) and possibly 52,000 “Rich Americans” with accounts with UBS in Switzerland that have FAILED to pay the taxes that they OWE.  This does not include any of the people that are not famous enough to have their names in the media for tax troubles.

taxes-2

Many of the politicians have said that it was an “honest MISTAKE” and this EXCUSE has been accepted by their political friends and the media.  On this point, I do NOT believe that it was an “honest MISTAKE”, I believe that it was deliberate and only came to light because of the positions that they have been appointed to or have taken.

taxes-1

IF they are honest mistakes, these politicians SHOULD have known what the tax laws are.  Tom Daschle, as a former SENATOR (TOP Senator for the minority party), was one of the people that WROTE the tax laws that he did not “understand”.  IF the politicians do not KNOW how to do their own taxes, then their accountants are required to KNOW the tax laws.  Accountants are REQUIRED to be CERTIFIED, hence the CPA (CERTIFIED Public Accountant) designation. 

Does anyone believe that these people do their own taxes??  I do NOT.  Maybe it should be a REQUIREMENT of the highest politicians that they should have to do their own taxes, without help.

Second, lets assume that these people made an “honest mistake”, and for this point I will highlight former Senator Tom Daschle.  This is not to say that he is worse than anyone else that cheats makes an “honest mistake” filing their taxes.  Mr. Daschle had to restate his earnings for tax years 2005 to 2007, because these were the years the alleged “mistakes” happened.  OK, not so bad so far.  The BAD part, that makes me so _______ (angry, frustrated, fed up, irate, incensed, etc. – pick your own descriptive word(s)), is that Mr. Daschle was AUDITED, by the IRS, for his tax year 2006.  Let me say that again,  Mr. Daschle was AUDITED, by the IRS, for the tax year 2006, one of the years that “honest mistakes” were made.  What happened after the AUDIT, you ask.

NOTHING, the IRS found NO problems with his taxes.  This tells me that one of three things has happened.  1) the IRS was involved with the “honest mistakes” and allowed them to continue, or 2) the IRS is INCOMPETENT to do their job, or 3) the tax code is soooooo complex that NO ONE can understand it any longer. 

If #1 is the case, we better have an independent investigation and people better be going to JAIL and paying substantial fines. 

As much as I complain about government and the people that work in government, it is hard for me to believe that the entire IRS is INCOMPETENT.  If #2 is the case then we should DISMANTLE the IRS and make the tax code so simple, so that we do not need them any longer.

Personally, I believe that #3 is the likely culprit.

Also, I have a problem with all of these people making an “honest mistake” and not having to pay any PENALTIES.  It seems to me that the PENALTIES, that the IRS enforces, are entirely arbitrary/subjective and should be eliminated.  This is not “FAIR AND EQUAL” treatment, as dictated in the laws of the United States.  Anyone that has paid penalties should have them refunded.  Write your representatives and senators.

If I had to offer a solution today, I would be in favor of a National Sales Tax.  If you hear people argue that the tax is REGRESSIVE, tell them this can be remedied.  I would argue that the politicians determine a Basic Living Cost.  For this example, I will say $30,000/person/year.  I have picked this number, not because it should be the number, but because it makes the math easy.  I will also say that the National Sales Tax rate be set at 20% (for the same reasons).  If these are the numbers, I say that the Government should then send every person, with a social security number (or a NEW tax number), a check, every month, for $500 ($30,000 x 20% /12 months).  This should cover the taxes for basic living expenses for everyone.  This check should be sent to everyone, and if you are a dependent, then 1/2 your check goes to your caretaker and the other 1/2 gets put into an account for you when you turn 18.  This account could be used for three things only, education, house purchase, or retirement account.  If the minor passes away then this account reverts to the government.  Because it would be beneficial to everyone to make sure the government has your information, this would help solve many other issues (census, voting registration, place of residence, etc.)  I would also make penalties severe.  For instance, if it is proved that you knowingly accepted someone else’s funds, your payments would be permanently suspended.  If you are incarcerated for any crimes, your payments would be suspended for your incarceration.  I am sure that there are other examples.

Let me, and your representatives, know what you think.

Here is a list of resources used for research on this post:

Rahm Emmanuel

From the Illinois Review

http://illinoisreview.typepad.com/illinoisreview/2009/02/questions-remain-about-rahm-emanuels-taxes.html

Timothy Geithner

From the Washington Post

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/18/AR2009011802070.html

Charles Rangel

From US News and World Report

http://www.usnews.com/blogs/sam-dealey/2008/09/15/sorry-charlie–rangel-makes-more-excuses-for-his-failure-to-pay-taxes.html

and New York Dailey News

http://www.nydailynews.com/ny_local/2008/09/10/2008-09-10_rep_charles_rangel_admits_he_messed_up_t-1.html

Tom Daschle

From ABC News

http://abcnews.go.com/Politics/President44/story?id=6786608

Nancy Killefer

From CNN

http://www.cnn.com/2009/POLITICS/02/03/performance.nominee.withdraws/

 

 

Al Franken

From News Max

http://www.newsmax.com/kessler/al_franken_taxes/2009/02/06/179148.html

And CBS News

http://www.cbsnews.com/stories/2008/04/30/politics/politico/thecrypt/main4057466.shtml

Sarah Palin

From the Anchorage DAiley News

http://www.adn.com/palin/story/693695.html

Ron Kirk

From Fox News

http://www.foxnews.com/politics/2009/03/02/trade-nominee-ron-kirk-pay-taxes/

And CBS News

http://cbs11tv.com/local/Ron.Kirk.US.2.948418.html

A possible 52,000 “rich Americans”

Frome the Financial Times

http://www.ft.com/cms/s/0/cfb845ba-feee-11dd-b19a-000077b07658.html

And from Forbes

http://www.forbes.com/2009/02/19/ubs-fraud-offshore-personal_finance-taxes_ubs.html

And from the Wall Street Journal

http://online.wsj.com/article/SB123506522244024485.html?mod=rss_whats_news_us