Is 17 billion significant?

May 8, 2009

In remarks on his administration’s proposed $17 billion in cuts from the 2010 budget this morning, President Obama was somewhat on the defensive against charges that his cuts don’t amount to much considering that next year’s total budget amounts to $3.4 trillion.

“It is important, though, for all of you, as you’re writing up these stories, to recognize that $17 billion taken out of our discretionary, non-defense budget, as well as portions of our defense budget, are significant,” he said. “They mean something.”

So lets take a look.

$17 Billion to scale

To see full version click on the chart.

Each unit on the bar graph above represents 1 BILLION DOLLARS.  (Click to see full images and all the way over to 3.4 Trillion)  I think  this demonstrates how significant $17 Billion is in comparison to only $3.4 Trillion of the entire budget.

Now our ignorant one wants the press to use a chart that looks like this.  (Use a logarithmic scale to skew how it appears).

The Ignorant version

The Ignorant version

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Jobless Rate at 8.9%???

May 8, 2009

Really? Only 8.9?  A quick look at the United States Department of Labor shows that it is really 15.8%…here is their table.

Measure  
  Apr. 2008 Dec. 2008 Jan. 2009 Feb. 2009 Mar. 2009 Apr. 2009
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 1.7 2.9 3.0 3.4 3.7 4.0
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force 2.6 4.2 4.5 5.0 5.4 5.7
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) 5.0 7.2 7.6 8.1 8.5 8.9
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers 5.2 7.6 8.0 8.5 8.9 9.3
U-5 Total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers 5.9 8.3 8.8 9.3 9.8 10.1
U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers 9.2 13.5 13.9 14.8 15.6 15.8

That’s right…15.8%!!!  Your friend who got laid off and is now working part time to try to make ends meet…is NOT counted as unemployed in the ‘official’ number…he is part of the other 7% who don’t get reported on.  Also note the growth of the long term unemployed (Category U-1)…now up to 4%!!!  Of course the Main Stream Media (MSM) is not going to report these real numbers…they are far too discouraging for the ignorant one.

President Barack Obama has a message for the unemployed: More help is on the way….unfortunately this so called help is in the form of another Trillion Dollars worth of Debt!  Current budget is $1.17 TRILLION short…umm…this is just plain dumb.