Friday, February 17, 2017

The Reading of the Will

Yesterday at his news conference the President stated he had "inherited a mess, a very, very big mess". I wonder what he would have said had he been in President Obama's shoes back in January of 2009.

The economy is similar to a cruise ship moving through the seas, it can't and doesn't turn on a dime. It can take years to reverse an economic skid. And while the trend is good, yes, there is still work to be done. But the economy is not exactly a horror show.

The U.S. is in a 76 month-long period of job growth that saw the creation of 15 million new jobs. The National Unemployment rate has bee at 5% or less every month since September 2015. The broader based U-6 Unemployment rate, which includes part-time and marginally attached workers has been less than 10% for the same period.

This past January showed an increased in retail sales and with this increase in personal consumption the forecast is expected to see a gain of 2.7% this year.

"Fed officials are expressing some satisfaction with the economy’s recent performance.
Dennis Lockhart, the outgoing president of the Atlanta Fed, said recent data suggest the economy is on a “little stronger” path than he expected. 
And Fed Vice Chair Stanley Fischer said the economy was warming up. He noted the unemployment rate has been falling steadily and inflation is perking up, putting the Fed close to its twin goals. 
That said, Republicans like to point out that the economy’s annual growth rate has not topped 3% since 2005, and it grew an unimpressive 1.6% last year. And they think a lower level of labor-force participation is obscuring weakness in the jobs market." 
~ Market Watch, Greg Robb, Senior Economics Reporter

For more information and clues to the challenges for the future here is a link to an article by Andrew Soergel, Economy Reporter for the U.S. News & World Report.

It may not have been the inheritance a Trump would have expected when the will was read, but at least it wasn't a list of all IOU's.

Tuesday, February 14, 2017

Remember Pinocchio?

The Little Boy whose nose would grow and grow...

I feel it almost my duty to inform this new Trump Administration of the cautionary tale of our beloved Pinocchio. You must remember him, the wooden puppet creation of dear old Geppetto.

Geppetto loved Pinocchio and Pinocchio loved to tell lies. Little Pinocchio wasn't even clever enough to try and disguise them as 'alternate facts' or even as 'misleading words'.

So with each falsehood he spoke his little nose would begin to grow. And grow, and GROW.

It behooves us whilst watching the news on television to keep an eye on, not the prize, but the noses.

Saturday, January 7, 2017

A Heartfelt Thank You From the Bottom of My Heart

Not everyone will feel the way I do, but a lot of you will. I am going to miss this First Family so much. It has been wonderful watching these girls grow up in the White House. Perhaps what our country needs the most is to watch a young family grow up before our very eyes.

And the most surprising was our First Lady. Oh, my she has grown wings. From someone who was reluctant to speak publicly, she has now become an orator spectacular,  I hope she will continue to speak, for she has so much to say that needs to be heard.

The next couple of weeks will be bitter sweet. But I wish the best alway to this Obama family. You did us proud.

There are subtle nuisances to this man's presidency that not everyone will get or appreciate. But for those of us that do, I tip my cap to you, albeit it will be a Cubbies cap and not a White Sox cap.

Safe journey, Mr. President and thank you, again.