Buffalo Dave

The chairwoman of the President’s Council of Economic Advisers is Christina Romer.  She was interviewed on CNBC this morning regarding the recent jobs numbers and unemployment data.

The unemployment rate is lower because people have given up looking for work, not because they have been put back to work.  Yet, the Whitehouse tried to spin this like it was somehow positive for the country.

CNBC Article

Romer was encouraged by the down tick in unemployment.  Really?  You are encouraged that people have given up looking for work?  Ahh.. I see.  The Obama plan of economic recovery involves waiting for people to become hopeless in their search for a job so that they choose an alternative approach like retirement.  Great idea guys!  Woo hoo!  What a concept.

What a bunch of idiots. 

This Romer lady is ridiculously incompetent and totally reinforces the accusation that this cabinet is an incompetent one.  When was the last time that the President’s cabinet was populated with this level of total incompetence?  She needs to get the boot along with most of the other cabinet members.

Apparently governor Paterson is the only Democrat in Albany who realizes how the policies this state has adopted over the last several decades is driving people, especially educated people, out of the state. Say what you want about Paterson. People love to bash the guy. Yet, I find it funny that he is the only vocal Democrat who stands up against the rest of the New York state democrats by insisting that the residents of New York State have been taxed to death.

People are leaving this state in droves. They are leaving for jobs. They are leaving because New York is so unfriendly to business that big businesses do not want to operate here. The only way we can get a real fortune 500 company to expand operations in Western NY is to bribe them with some kind of tax breaks or other incentive. How ridiculous is that?

The funny thing is that corporate America knows that the population of New York State is a highly educated one with plenty of skills. Yet this obvious advantage is not enough to overcome the red tape and other baggage that comes along with a New York State corporate address. That is a damn shame.

I can’t count how many people I graduated high school with who have uprooted their families for greener financial pastures in places like North and South Carolina. We were reminded of how many people have left Buffalo when we saw the thousands of Buffalo Bills fans at the Carolina Panthers game a couple weeks ago. That is downright embarrassing.

These damn politicians (Paterson excluded) just don’t realize what they have done. Instead they keep raising taxes on the people who remain here to make up for the shortfall from the ones who left. They are dreaming up ways of collecting new revenue. Instead of altering the tax and spend policies that are at the root of the problem the exacerbate the problem even more. Political genius at its best.

When is there going to be a state constitutional convention for voters to vote on in the ballet box? Isn’t it about time we had one?

Hell has frozen over. Starbucks has stooped to the level of selling instant coffee. The once king of the coffee industry hill is now just another Sanka.

You have to hand it to the founder of the company though. The guy really built quite an impressive empire. I think the move to instant coffee will hurt the image of their stores though. Right now their stores are perceived as a high cost high value selection in coffee. The instant coffee alternative cheapens the brand. The people who start associating instant coffee with Starbucks open themselves up for some other competitor of Starbucks to take the high price high quality coffee position away from Starbucks.

Watch for some other high end coffee brand to start advertising:

Instant Coffee: Never Have. Never will.

I have been buying Gold investments in anticipation of the price increases that are expected to come when all the money the Fed has printed starts affecting the everyday goods that we buy and consume. I am afraid that there is going to be a real problem in our country at some point unless the Fed begins immediately removing the excess liquidity it has pumped into the US banks over the last year. Watch this video from start to finish. It highlights my main concerns.

Now people label guys like Peter Schiff and Jim Rogers as being overly bearish on the US economy. However, these two guys predicted what was going to happen to the US economy in the financial crisis. They predicted it. They were preaching about it when everyone in California and Florida was out flipping houses. These guys said the financial crisis was eminent and unavoidable so long as our goverment and Federal reserve continued its policies of lose money.

I remember thinking these guys must be nuts because everyone was making money, the economy was soaring, unemployment was really low and there were plenty of jobs around.

Then the market collapsed. Fortunately I got out early so I didn’t get killed like everyone else. I wish in hindsight I had gone short the market. Anyway, with all the news of impending financial disaster, I began doing more research on the crisis and how it came to be. Low and behold, people like Peter Schiff and Jim Rogers were right all along. They put their own money behind waht they were saying publicly. Thats how you know they weren’t lying. They believed this would happen and it did.

Now people are warning that the crisis will persist because of the lose monetary policy of the Fed. Do your own research. make your own decision. I am inclined to believe Schiff still knows what he is talking about.