Dumb workers working too efficiently derailing Obama recovery
The article, by Neil Irwin, patiently explains to us doofuses out here in Hicksville, USA, that increased output by fewer workers is inhibiting job growth, and that this increased productivity is contributing to "sky-high unemployment."
Hey! All you knuckleheads out there that are working so efficiently; stop it! Don't you know that you are wrecking Obama's grand recovery strategy?
It gets better. Ben Bernanke, the Federal Reserve Chairman and steward of Obama's economic policies is quoted thusly; "It is an episode that we're going to -we economists in general - are going to want to understand better and look at for a long time." He described the productivity gains as "extraordinary" and acknowledged he had not foreseen them.
You didn't foresee them? Say it ain't so, Ben. Ever since the dawning of the Age of Obama, we have been told repeatedly that he and his crack team of advisors have everything perfectly calibrated, right down to the gnat's eyebrow. Unemployment was not going to rise above 8 %, the number of jobs created or saved is regularly published with microscopic precision, and his policies would not add one dime to the deficit. One dime! How's that for precision?
This is exactly what conservatives have been trying to tell this handful of brainiacs, soothsayers, oracles, and witch doctors for decades. You cannot manage a population of 300 million people and a GDP of $15 trillion from a few offices in Washington, DC.
Did anyone foresee that the $787 billion stimulus package would be a colossal flameout? No?
Did anyone foresee that the $1 billion "cash for clunkers" program would turn into a $3 billion program overnight, and would have no lasting effect on car sales? No?
Did anyone foresee that companies like AT&T, Caterpillar, Verizon, and others would take billions of dollars in write downs due to the costs of Obamacare? No?
Did anyone foresee that insurance premiums would go up and not down, as a result of the new mandates, in complete contradiction to Obama's endless promises? No?
Did anyone foresee that Social Security would go into the red in 2010 instead of decades later as we have been told? No?
I can't speak for anyone else, but I am crestfallen. This shakes my confidence in big government to the core.
One final question; do any of you Grand Masters of the Universe in Washington "foresee" anything happening in November, 2010? No again?
I didn't think so; I suspect you will spend a long time afterward trying to...like...you know...understand.