Thursday, September 20, 2012

Lies, Lies, and more Lies

America's innumeracy is a tremendous benefit to the various political factions.

Radical Feminist Stephanie Coontz had this to say about marriage/divorce and its effects on poverty.

Another Feminist (this one with the benefit of a brain - and children) Diana Furchtgott-Roth, had this to say.

If you read closely, Furchtgott-Roth Contradicts much of what Dimwit-Coontz had to say on the relationship between family structure and income (the rest of Coontz's socialist/worker's party nonsense  is not even worth considering. That this miscreant gets any access to the media at all is very telling - and distressing). Which article got the most mileage in the media this campaign season?

The never ending manipulation of heterosexual women by the Gay women's political faction in the media never ends. And it never contemplates truth - only what can facts be stretched to support their original contentions.

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In addition to his now famous 47% quote, Mitt Romey also had this to say at that same fund raiser:


[The] former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we're issuing—which they've been doing, the Fed's buying like three-quarters of the debt that America issues. He said, once that's over, he said we're going to have a failed Treasury auction, interest rates are going to have to go up. We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up. The Federal Reserve is just taking it and saying, "Here, we're giving it." It's just made up money, and this does not augur well for our economic future. You know, some of these things are complex enough it's not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind.

I am embarrassed that I had not picked up on the amount of 10 to 30 year maturity paper that the Federal Reserve has been purchasing from the Treasury. If that 91% is accurate, I can tell you that we are in for some type of monetary/financial disaster much sooner than anyone expected. Not days and weeks, but not decades, either.






6 comments:

PioneerPreppy said...

Oh the Femocrat spending party is coming to an end. I just hope I live long enough to see the look on their faces when it finally sinks in.

tweell said...

Currently the effect of divorce on poverty has been done away with by government fiat. The women and children are still listed as being under the poverty line, of course, but that's because the government assistance doesn't count. The divorced men don't get listed as being under the poverty line because the chunk of after-tax earnings taken from them doesn't count. Subsidies and special programs extended to single mothers with children have made life relatively easy without a partner to help.

Alas, we have run out of other people's money and are trying to stretch our own. It doesn't ever work for long.

Greg T. Jeffers said...

Tweel:

If you were my type I would want to massage your brain!

If that is factually how income is accounted for for the purposes of determining poverty... well, I'll be a Son-of-a-B.

Anonymous said...

There is lots of that kind of reporting.

The homeless number is interesting. If you are displaced from your home for a day, you count in the number for the year. If your adult children move back home, they are homeless. If two families share a single house, one of them is homeless.

Remember the 1.5Million missing children number? Almost all custody disputes. Only a very few creeps. But they made every parent afraid to have their kids play outside.

We now hear that 50,000,000 Americans struggle with hunger. WTF does that mean? Outta Cheetos?

To get a really big lie, hire a statistician.

Regards,

Coal Guy

tweell said...

Another sign of the times: Suicide has overtaken vehicle-related deaths to be the number one cause of death in the US. Men are much more likely to kill themselves than women are.

Anonymous said...

Greg,

On a related note, does it seem funny to you that all those billionaire men of the people want to raise the capital gains rate? Bonds are pretty much maxed out as operation twist is pushing the long end of the yield curve down hard, and the short end is pegged to zero. Are they flush with cash and trying to create a fire sale in equities?

Regards,

Coal Guy