Moon of Alabama Brecht quote
January 10, 2009
Billmon: Closing the Books on an Economic Disaster

Billmon:

While we can't total up the damage from the current recession or even the current financial crisis, since both are still ongoing, with the release of December's unemployment numbers we can at least start to draw a line under the Bush presidency — to the American economy what Hurricane Katrina was to New Orleans, or Doug Feith's Pentagon was to Iraq.

Closing the Books on an Economic Disaster

Comments

It’s not [just]”follow the money” [anymore] but rather “follow the money and the status of the job or social position” Cheneyco, now has sleeper cells in place in key positions. Not that the Demorats are any better.
Hence all the strategic powerful job placements with people who have no experience other than the same ideology as the mayberry Machivellis…

Posted by: Uncle $cam | Jan 10 2009 15:11 utc | 1

I’m struck by the difference between Eisenhower and JFK. Might it be the expression, in no small part, of Eisenhower’s refusal to magnify defense spending?

Posted by: alabama | Jan 10 2009 20:40 utc | 2

And not to forget how the US slipped down the Transparency International and HDI league tables. Can’t wait till the IMF reports (which is a thing I never heard squat about anywhere but here). It’s a failed fucking state, come in and put it under UN trusteeship. You may have to ruin it financially first, that won’t be hard.

Posted by: …—… | Jan 11 2009 3:37 utc | 3

I was just talking to a friend tonight about the fact we were living during the time period when the american empire has reached its peak and started to slide ever quicker downhill. We are now Rome in decline, or Napoleon’s France, or any number of other empires which the world has witnessed rise and then fall as they over-reached their grasp.
For too many years the world has let americans watch our Rambo movies, build our army and has excused all of our stinky little wars after WWII.
Because we were the supposed protective wall between the soviets and the rest of the world after WWII, the world’s politicians didn’t do anything to really stop our crazier ideas. Plus we were the country that had the money and gung-ho to take on the soviets militarily. Or so we thought.
What has happened is since WWII america has become an increasingly restrictive on immigration and also has a large percentage of the population that can’t find Canada or Mexico on a map. This has led us to become a very closed society, despite the illusion of society being very cosmopolitan, we are a nation of malls and cookie-cutter everything, our leaders are thieves and charlatans who have risen to power by ruse and lies, we watch awful shows on television and talk sports around the water-cooler with passion and convincing arguments based on facts and statistics.
Unfortunately, like wild animals slowly domesticated, a nation of once proud and independent people have become a herd of silly animals waiting for the great butcher to come out of the sky and slaughter them in the name of all that’s holy.
When the shit-storm really hits you can expect to see guys in raggedy Armani suits, sitting on park benches sipping hooch out of hand-blown martini glasses that once cost $1000 dollars each and wondering why, who and how did they get there?
Dave

Posted by: David | Jan 11 2009 4:19 utc | 4

Billmon’s numbers come from the Bureau of Labor & Statistics. I wouldn’t trust the raw start and stop loci at all since that particular agency seems to be a follower of the Enemy Body Count School of Fudging Per Capita Data (“What? You’re still unemployed!? I’m sorry, we counted you already in the last fiscal year. Movel along.”)
His work does point to some useful trends in the final columns (% change), but these data are really more of a reflection of how aggressively the BL&S were fudging things during the period in question. Eisenhower’s record, for example, can be attributed to many factors, not the least of which being slightly less selective reporting.
Statistics are always open to a certain amount of interpretation since there are always the effects of outliers to consider. With Presidential performance, however, we have to consider the effects of out-and-outliers.

Posted by: Monolycus | Jan 11 2009 5:14 utc | 5

Monolycus@5
Figures often beguile me, particularly when I have the arranging of them myself; in which case the remark attributed to Disraeli would often apply with justice and force: “There are three kinds of lies: lies, damned lies and statistics.”
– Autobiography of Mark Twain

Posted by: Anonymous | Jan 11 2009 6:22 utc | 6

Top Ten Reasons To Think More Than Billmon Would Like You To
Billmon is basically correct, and it is not a surprising revelation — especially for the man who was once considered the best and most insightful writer on the web — that Democrats are, at least on the surface, somewhat more friendly to workers — a large section of their voting base — than Republicans. However, despite his partisan cheering, he neglects some of the larger points, among them:
1) Domestic considerations are one half of the coin. Presidents often win office based upon their foreign affairs posture.
1a) This posture may effect domestic results even more than their ostensible domestic policies. That is to say, that voters may often be, unwittingly perhaps or as a knowing trade-off, selecting these outcomes.
1b) The effects of foreign policies, like many other criteria, may have very long lag times before they fully effect other statistics. One administration may easily be blamed for its predecessor’s policies.
2) Job Creation & Unemployment are two markers, among many. Other more accurate stats would include plotting both statistics against population growth, and, better yet, employable population growth; and monitoring longer range statistics such as lifespan and happiness, health and well-being, and shorter range statistics like confidence.
3) This still doesn’t take into account the fact that many people, if secure enough in their savings and retirement plans, will choose to be “unemployed”; conversely, people who lose that level of savings and net wealth, suddenly become insecure and enter the workforce and Billmon’s statistics. This factor operates inversely to Billmons statistics.
4) Billmon is describing a cyclical pattern.
4a) If a Democrat were to follow a Democrat, they could not further lower unemployment. And if a Republican were to follow a Republican, they could not significantly increase unemployment without risking severe social unrest which could ultimately backfire for the ruling class, resulting in a more actively engaged populace, or worse.
4b) That is to say, he does not refute the argument that the two parties remain set pieces in a larger game, operating within set parameters.
5) Unemployment is but one statistic in general well-being.
5a) If we take into account worker’s security, we must account for the fact that de-regulation of the workplace, and hence the erosion of union and worker influence and well-being began under Carter — a Democrat.
5b) If we take egalitarianism to be an important indicator of societal well-being, we must admit that the data flew off all previous US historical charts during the go-go Clinton years, when CEO’s increased their percentage of the pie unconscionably.
5c) If we are concerned with the less fortunate among us — what we call the poor (when we are forced to refer to them at all), we must admit that Clinton’s “reformation” of welfare has worsened their status and increased their insecurity. Clinton, by his “War on Drugs”, among other tactics, greatly increased the incarceration rate of the poor, particularly minorities who supported him — now the highest incarceration rate in the entire world. I assume that the incarcerated no longer count as unemployed. To many they don’t even count as human.
6) Billmon does not take into account that the unemployment rate only tracks those who are actively looking for jobs. If one gives up hope and ceases looking they are no longer unemployed. Despite Billmon’s cheerleading, many people fell into that category during the Clinton administration due to “economic restructuring.”
7) Clinton was the principle beneficiary of a once-in-an-historical-era technical advance similar in scope to the industrial revolution, namely computerization and the coming-of-age of the internet.
8) Neither statistic accounts for the quality of jobs available at any given time. Clinton oversaw the rise on “down-sizing and “off-shoring,” combined with the destruction of the US’s manufacturing capacity. This was offset by the rise in service jobs. Overall, the US went from a society where unionized garbagemen made $40k/yr. and sent their kids to college, to one where non-unionized Walmart workers made minimum wage and powerlessly were unpaid for their overtime labor. Read Barbara Ehrenreich’s “Nickel and Dimed.”
9) Neither statistic accounts for the security of the jobs available at any given time. Economic restructuring changed the reality from one job lasting a lifetime, to single careers, to multiple careers, to a form of completely insecure “transient opportunism,” whereby it is commonplace, if not the accepted norm, for people to climb the career ladder only to fall back to square one, need to re-train (often losing house and spouse), and start again, commonly, many times.
10) Finally, according to elite theory, one could argue that Bush’s aim was to concentrate wealth. Therefore, he did not fail in that aim. What was damage to one sector of society was gravy to another. This argument benefits the Democrats, but weakens Billmon’s premise that Bush somehow “failed.”
Bonus) Neither “Job Creation”, nor “Unemployment,” normalized historical data used by ruling classes to monitor and control their citizenry, have any effect on emerging processes of far more importance to their populaces, including, but not limited to: 1) Environmental degradation, 1a) Global warming, 1b) the collapse of Biological diversity, including food fish stocks, 1c) Corporate ownership of the food supply through GMO and terminator seed technology resulting in an historic loss of food crop diversity, 1d) widespread pollution, including the biological dead-zone plastic circling island the size of Texas in the Pacific Ocean, 1e) spreading nuclear contamination from reactor and spent fuel leaks and DU waste, mining tailings 1f) hormonal confusion from chemical waste, particularly plastics, resulting in mood alteration, and sex/gender confusion among myriad species, 1g) deforestation and myriad other self-reinforcing vicious cycle loops, 1h) radiological poisoning from cell phone and weaponry resulting in exploding cancer rates, 1i) burgeoning planetary toxic loads, such as coal slurry, toxic chemical waste, acid rain; 2) Approaching of over-shot to the “Limits to planetary growth”, beyond the ken of infinite growth structural capitalism, any one of which can result in sudden, “unforeseen,” collapse and even catastrophe, 2a) Corporate ownership of all resources necessary to life: food, water, air, land, minerals, and tools resulting in an impovershed population greater than the entire human population of the globe fifty years ago, 2b) Population, food supply, arable land, water, energy, and recoverery curves.
Billmon is intelligent and knowledgeable enough to know all of this. As to why he choses to over-simplify matters and shill for the Democrats — well, your guess is as good as mine.

Posted by: Malooga | Jan 11 2009 7:28 utc | 7

Malooga @7
To be fair, Billmon prefaced his presentation with remarks about the multiple interpretations and usage of the numbers he had to work with:

There are, of course, several numbers to consider and several plausible ways to slice them. For example, we could look at total job creation, percentage growth in employment, or changes in the unemployment rate — and compare track records by president, presidential term or period of party control.
For simplicity’s sake, I’ve chosen to compare presidents, and measure performance by percentage growth in employment over each full presidency…

All of the points you raise are valid ones, but Billmon was pretty transparent about what he was presenting. As for your final question regarding why he’s elected to present them for the audience that he does… well…
The Bureau of Labor Statistics does not, as far as I know, collect the data themselves. They simply serve a repository function. It’s up to the individuals who use that data to give it a suppository function.

Posted by: Monolycus | Jan 11 2009 8:43 utc | 8

@ Monolycus:
While we know that the concept decends from the ancient Greeks, Aristotle, etc., you certainly give a whole new meaning to having a supposition.
Note that the statistics I put forth are more to the point than those he hypothesizes.
Good morning to you. It is good night for me.

Posted by: Malooga | Jan 11 2009 8:58 utc | 9

disclaimer: My final paragraph at #8 might seem at odds with my contention at #5 that The Bureau of Labor and Statistics fudges numbers during collection. To clarify my message before the onslaught of the trolls, I do believe that the BL&S is merely a repository, however the data would be collected by agencies working on their behalf.
As an illustration of this, let’s look at the Uniform Crime Reports (UCR) that are published by the FBI. The data are collected on a voluntary basis from state and municipal law enforcement sources. There is no consistent methodology behind the acquisition of these numbers, and they are, therefore, fairly meaningless. This does not prevent people from using these numbers to make categorical statements about crime rates… particularly when they are forcing some new legislation down everyone else’s neck.
If I fault the FBI’s numbers as being unreliable, I am, in reality, faulting the method of collection despite the fact that the FBI does not handle that themselves. The people who collect and submit the data are not, strictly speaking, employees of the FBI. I will still make and stand by the statement that the FBI’s methods for acquiring the data is sloppy.
My understanding of the BL&S numbers are that it is a nearly identical situation as the one I just described.

Posted by: Monolycus | Jan 11 2009 9:04 utc | 10

Bravo, Mono!
I have often felt there was a covert methodology to keeping these things loose and open ended, and you have just expressed it in the most concise and pithy way exposing their wide range of sub rosa techniques, Instrumentation and pathology.
Sharp as a tack, you are!

Posted by: Uncle $cam | Jan 11 2009 10:40 utc | 11

Entitled:
What’s the frequency kenneth? …lol
Mind if I brain play? With a Surrealist technique?
Static Timing Analysis
Purpose

In a synchronous digital biopolitical system, data Propagenda is supposed to move in lockstep, advancing one stage on each tick of the clock signal. This is enforced by synchronizing elements such as flip-flops or latches, which copy their input to their output when instructed to do so by the clock head strategist. To first order, only two kinds of timing errors are possible in such a system:
* A hold time violation, when a signal talking point arrives too early, and advances one clock cycle before it should
* A setup time violation, when a signal talking point arrives too late, and misses the time when it should advance.
The time when a signal talking point arrives can vary due to many reasons – the input data may vary, the circuit may perform different operations, the temperature and voltage may change, and there are manufacturing differences in the exact construction of each part. The main goal of static timing analysis Propagenda is to verify that despite these possible variations, all signals talking points will arrive neither too early nor too late, and hence proper circuit operation can be assured.
Also, since STA Propagenda is capable of verifying every path, apart from helping locate setup and hold time violations, it can detect other serious problems like glitches, slow paths and clock skew.

State Aids and Cohesion Policy, sub rosa techniques, Instrumentation and pathology
Clinical, systemic, and methodical…
Off to smoke my Prozac now…lol
Without a sense of humor, life is utterly unbearable on this barbaric planet ~Robert Anton Wilson

Posted by: Uncle $cam | Jan 11 2009 11:30 utc | 12

I am attempting to post another post addressing data manipulation, comparison of US vs European outcomes, and real standing bi-partisan US rates of over 15%, ignored in favor of partisan hackery by Billmon, but Typepad has flagged it. Hopefully b will let it through.

Posted by: Malooga | Jan 11 2009 16:16 utc | 13

I should mention that Billmon’s post is an example of what I would term “psuedo-intellectualism,” that is, it contains just enough data and analysis to convince/fool someone who does not have a high level of intellectual training or critical thinking ability. It actually keeps people from thinking because they feel that they have learned someething. The lies are more of omission than commission. Uncle $cam might call the lock-step soft analysis of these so-called “liberal” blogs as “propagenda.” Daily Kos is full of this stuff. But who has time to refute everything on the web with well researched, critically thought out articles?

Posted by: Malooga | Jan 11 2009 17:42 utc | 14