PITHOCRATES

The Dow Jones Industrial Average and the Labor Force Participation Rate from Ronald Reagan to Barack Obama

PITHOCRATES — Wed, 22 May 2013 03:56:40 +0000

History 101 The DJIA and the Labor Force Participation Rate tell us how both Wall Street and Main Street are Doing Rich people don’t need jobs. They can make money with money. Investing in the stock market. When you see the Dow Jones Industrial Average (DJIA) increasing you know rich people are getting richer. Whereas [...]

Economic Indicators

PITHOCRATES — Tue, 21 May 2013 03:52:06 +0000

Economics 101 To Better Understand the Economy we should Study the Economic Indicators Investors Study If you’ve lost your job you have a pretty good idea about the state of the economy. It’s bad. An unemployed person is like a soldier in the trench. He or she doesn’t need to examine any data to understand [...]

Real Men don’t Eat Quiche or Vote for Liberal Democrats

PITHOCRATES — Mon, 20 May 2013 02:00:40 +0000

Week in Review In 1982 Bruce Feirstein published a book called Real Men Don’t Eat Quiche. Since then the expression has made fun of men that are more like women than men. Sensitive girly-men who’d rather go to the ballet than watch the Super Bowl. These girly-men became liberals. Weak and whiny guys that were [...]

President Obama praised Whistleblowers…but only in the Bush Administration

PITHOCRATES — Mon, 20 May 2013 01:00:51 +0000

Week in Review President Obama said his administration would be the most transparent one. For he has nothing to hide. Right. Pull the other (see Obama Has Rarely Or Never Praised Whistleblowers by Matt Sledge posted 5/18/2013 on the Huffington Post). In more than four years of office, President Barack Obama has frequently praised the [...]

Democrats want to keep Student Loan Interest Rates low so more Students can get Worthless Degrees

PITHOCRATES — Mon, 20 May 2013 00:00:07 +0000

Week in Review A lot of people hate corporations. Where business people get rich by exploiting the people. But at least they make something that people willingly buy. Because it makes them happy. Like a smartphone. No. Corporations are NOT exploiting people to get rich. But you know who are? Our universities (see Republicans advance [...]

President Obama and his Keynesian Policies are Working on a Lost Decade just like Japan’s

PITHOCRATES — Sun, 19 May 2013 23:00:56 +0000

Week in Review In the Eighties Japan Inc. was going strong. The Japanese economy roared. And the Nikkei soared. The Japanese had more money than they knew what to do with it. So they started buying U.S. assets. People feared that Japan would one day own America. And urged that we had to follow their [...]

The Swedes reintroduce the Profit Incentive into the Health Care Equation to fix their National Health Care

PITHOCRATES — Sun, 19 May 2013 22:00:10 +0000

Week in Review Obamacare will transform American health care into a more top-down national health care system. Because the American left always wanted national health care. For the power over the economy it will give them. Not so much for the quality of health care. For the quality of national health care has not been [...]

Wall Street doing Very Well under President Obama while Main Street Continues to Suffer

PITHOCRATES — Sun, 19 May 2013 02:00:20 +0000

Week in Review The Dow Jones Industrial Average is at a record high. The unemployment rate fell one tenth of a percentage point in April. Nonfarm payroll employment rose by 165,000 in April. And interest rates are still so low that they are almost negative. Good news for Wall Street. And rich investors (see Revised [...]

Venezuela may put People before Profits but they have no Toilet Paper

PITHOCRATES — Sun, 19 May 2013 01:00:20 +0000

Week in Review The American left wants to have the economic system they have in Venezuela. Where they put people before profits. To prevent evil corporations from getting rich. While exploiting their workers. And overcharging their customers. You see, that kind of thing just doesn’t happen in Venezuela. Because they put people before profits (see [...]

The NHS is Rationing Health Care to give Everyone the Same Quality of Health Care

PITHOCRATES — Sun, 19 May 2013 00:00:02 +0000

Week in Review We have Obamacare because there was a crisis in American health care. Or so said the proponents of national health care. Not everyone had equal access to the same high-quality care some people had. The opponents of Obamacare said a quasi-national health care system wouldn’t change that. All it would do is [...]