Hey MOE!
I have been quiet for a long time because I have been in shock.
Yes, shock as I watch and listen to the behavior of our leaders.
I admit I was lost when lying became misspeaking.
Interesting excerpt from BBC News, “Does ‘misspeak’ mean lying?” 03/26/08
The word "misspeak" has a long and varied history, says John Simpson, chief editor of the Oxford English Dictionary.
"It g
oes back to the Old English period before the Norman Conquest to mean to murmur or grumble.
"But it's got quite a wide sense of meanings, to speak insultingly or improperly or to speak disparagingly or disrespectfully or to speak evil of. Then in the mid to late Middle Ages, it was to pronounce incorrectly."
Chaucer used it in the Miller's Tale - "If that I mysspeke or seye" - as meaning to speak insultingly. But nearly all these meanings are mostly obsolete, according to the OED.
The most common modern sense of "misspeak" is in the US, where it has developed two meanings since the late 19th Century - to speak unclearly or to fail to tell the whole truth, says Mr Simpson. And it crossed the Atlantic in the mid 20th Century. Fiona Douglas, a lecturer in English language at the University of Leeds, says the origins of the modern meanings go back to before 1393, when poet John Gower penned Confessio Amantis.
"The modern senses all have to do with unclear speaking and incorrect or misleading communication.
The 3 Stooges of economic folly
1) Keeping existing tax programs is simulative
2) Paying people for 3 years is productive
3) Keeping incentives to make more stuff with less labor that no one wants to buy is a good idea
1) STIMULUS
2) UNEMPLOYMENT & LOST WAGES
3) INCENTIVES
1) STIMULUS
CONTINUING SOMETHING THAT HAS BEEN IN PLACE FOR YEARS, INCLUDING THE YEARS THAT LED TO OUR CURRENT ECONOMIC STATUS
CAN NOT….
I have been quiet for a long time because I have been in shock.
Yes, shock as I watch and listen to the behavior of our leaders.
I admit I was lost when lying became misspeaking.
Interesting excerpt from BBC News, “Does ‘misspeak’ mean lying?” 03/26/08
The word "misspeak" has a long and varied history, says John Simpson, chief editor of the Oxford English Dictionary.
"It g
oes back to the Old English period before the Norman Conquest to mean to murmur or grumble."But it's got quite a wide sense of meanings, to speak insultingly or improperly or to speak disparagingly or disrespectfully or to speak evil of. Then in the mid to late Middle Ages, it was to pronounce incorrectly."
Chaucer used it in the Miller's Tale - "If that I mysspeke or seye" - as meaning to speak insultingly. But nearly all these meanings are mostly obsolete, according to the OED.
The most common modern sense of "misspeak" is in the US, where it has developed two meanings since the late 19th Century - to speak unclearly or to fail to tell the whole truth, says Mr Simpson. And it crossed the Atlantic in the mid 20th Century. Fiona Douglas, a lecturer in English language at the University of Leeds, says the origins of the modern meanings go back to before 1393, when poet John Gower penned Confessio Amantis.
"The modern senses all have to do with unclear speaking and incorrect or misleading communication.
The 3 Stooges of economic folly
1) Keeping existing tax programs is simulative
2) Paying people for 3 years is productive
3) Keeping incentives to make more stuff with less labor that no one wants to buy is a good idea
1) STIMULUS
2) UNEMPLOYMENT & LOST WAGES
3) INCENTIVES
1) STIMULUS
Webster Defines Stimulus as:
stim·u·lus
noun \ˈstim-yə-ləs\
plural stim·u·li\-ˌlī, -ˌlē\
Definition of STIMULUS
: something that rouses or incites to activity: as a : incentive b : stimulant 1 c : an agent (as an environmental change) that directly influences the activity of a living organism or one of its parts (as by exciting a sensory organ or evoking muscular contraction or glandular secretion)
noun \ˈstim-yə-ləs\
plural stim·u·li\-ˌlī, -ˌlē\
Definition of STIMULUS
: something that rouses or incites to activity: as a : incentive b : stimulant 1 c : an agent (as an environmental change) that directly influences the activity of a living organism or one of its parts (as by exciting a sensory organ or evoking muscular contraction or glandular secretion)
CONTINUING SOMETHING THAT HAS BEEN IN PLACE FOR YEARS, INCLUDING THE YEARS THAT LED TO OUR CURRENT ECONOMIC STATUS
CAN NOT….
I REPEAT….
CAN NOT
BE STIMULUS!
BE STIMULUS!
2) UNEMPLOYMENT & LOST WAGES ARE MEANINGFUL
At 10.0% - now this is 10% of the available labor pool and the available labor pool is 121,771,000 people or about 40% of the US population of 307,006,550 people (07/01/09 estimate). There are believed to be 133,017,000 employable people, but 11,246,000 people cannot find jobs. The number of people looking for jobs is about the number of people living on the state of Ohio! As a matter of fact, there are only 7 states that have more people than the total of unemployed (California 37 million people, Texas 25 mil, New York, 20 mil, Florida 19 mil, Illinois 13 mil and Ohio 12 mil.). This means that the state of Unemployment is important.
If people do not work they are not making stuff for other people to buy or buying stuff other people make. Or are they? Unemployment does have its benefits.
An unemployment benefits primer
By Ezra Klein
The average benefit paid is $300/week. This becomes $15,600 annually, tax free. At a 22% tax adjustment the result is an adjusted salary of $20,000 annually. Based on Bureau of Labor Statistics (BLS) data the salary equivalents are:
539520 | $8.76 | $18,230.00 | |
Combined Food Preparation and Serving Workers, Including Fast Food | 2695740 | $8.71 | $18,120.00 |
Counter Attendants, Cafeteria, Food Concession, and Coffee Shop | 490980 | $9.13 | $18,990.00 |
402020 | $9.09 | $18,900.00 | |
512990 | $8.81 | $18,330.00 | |
334310 | $9.23 | $19,190.00 | |
104360 | $9.43 | $19,610.00 | |
257350 | $9.35 | $19,450.00 | |
16170 | $9.08 | $18,890.00 | |
3439380 | $9.15 | $19,030.00 | |
233650 | $9.51 | $19,780.00 |
By the way, the answer you really wanted, the mean annual US income is $43,460.00, more than twice the tax adjusted unemployment payment.
The other answer is $219,770 is the top salary and it belongs to the category Surgeons, occupation code 29-1067.
And the final answer, there is no category for Hedge Fund Manager.
Unemployment is a problem and it is being perpetuated by the false prophecy of government handouts. A family making the median income can only survive for so long on unemployment. Savings, borrowing or underground money must be used to maintain their minimum lifestyle. Certainly, the Rolls and Bentley are mothballed along with the G-4. But what about the mortgage, utility and food bills? 3 years of unemployment is not a solution.
3) INCENTIVES
Tell me they are kidding……
Again a back to the past idea that really did not work.
The poster child for the incentives program is the investment tax credit or rather altering of realization (immediate versus traditional depreciation).
Kent Hoover is the Washington bureau chief for bizjournals. Wrote on 9/08/2010,
“The economic stimulus bill allowed businesses to immediately write off up to 50 percent of their investments on new machinery and equipment, instead of depreciating the cost over time. That break expired in 2009, however. Small businesses, meanwhile, can write off up to $250,000 of their capital expenditures this year, a limit that’s scheduled to drop to $25,000 next year unless Congress acts.
Businesses welcomed these investment incentives, but the jury is still out on their effectiveness. Tax breaks aren’t going to lead a business to invest in new equipment if they don’t think the customers are there.”
Wow, a sobering thought, as this tax break (read accelerated depreciation) went into force, unemployment went up…… I cannot make this stuff up. Oh yah and let us just keep this “incentive” going.
This is really counter productive.
Let us go back to business 101.
Why do companies buy machines?
BECAUSE THEY ARE LABOR SAVING DEVICES
Webster’s definition:
la·bor·sav·ing
adj \ˈlā-bər-ˌsā-viŋ\
Definition of LABORSAVING
: adapted to replace or decrease human and especially manual labor
Wordnik.com gives us phrases:
Century Dictionary (1 definition)
1. Saving labor; adapted to supersede or diminish the labor of men: as, a labor-saving machine.
GNU Webster's 1913 (1 definition)
–adjective
1. Saving labor; adapted to supersede or diminish the labor of men; designed to replace or conserve human and especially manual labor.
WordNet (1 definition)
–adjective
1. Designed to replace or conserve human and especially manual labor.
In labor saving terms, new machines are purchased to reduce employment.
Let me make sure I got this correct – our government, in the midst of a recession and growing unemployment, wants to give rewards to companies that buy new labor saving devices? So if a company has a machine that requires 3 workers, and buys a newer faster more sophisticated machine that only needs 1 worker the government will reward this behavior? I only hope the workers were not making more than $20,000 taxable income per year, because as shown above that is the most they can expect from unemployment.
TO BE CONTINUED……
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