Maxine Waters is a living, breathing example of the definition of insanity, not to mention stupidity. The first time the government spent nearly a trillion dollars nothing happened except the unemployment rate went up, the deficit ballooned, the general economy worsened and the pockets of Big Labor were lined.
Hey, let’s do that again!
In other Labor Day news: Who’s up for a US Post Office bailout? Me neither.
Here’s a telling USPS fact:
Labor represents 80 percent of the agency’s expenses, compared with 53 percent at United Parcel Service and 32 percent at FedEx, its two biggest private competitors.
UPS is also unionized, and while UPS has a huge labor expense, it doesn’t come close to the public sector example because there’s not an easily accessible bottomless well of money in the private sector (unless the government screws it up by getting into the bailout business where it doesn’t belong).
Labor leaders of US Post Office employees must be salivating, because they know there’s no way the administration is going to want to risk a hundred thousand people (or many more) hitting the unemployment line all at once, so a USPS bailout will probably be included in Obama’s upcoming “jobs plan.” They’re “too big to fail.” Taxpayers can keep paying the price for an organization that, in its present form, simply doesn’t have any place in the 21st century.
More Labor Day news…
President Obama is delivering a “jobs speech” in Detroit today. Lefty politicians talking about job creation in Detroit is like Mrs. O’Leary’s cow promoting fire safety in Chicago. Judging by the photo at the link, Obama needs to deliver a “Let’s Move” fitness speech instead of a jobs address.
Obama will get a large crowd in Detroit… you just never know when he’ll start handing out “Obama money”:
Labor Day “new tone” update: Teamsters President Jimmy Hoffa Jr. on the Tea Party and Obama’s opposition: “Let’s take these son of a bitches out!” We’ll now wait for the “tone down the rhetoric” crowd to criticize Hoffa… any second now… before too long… maybe…. maybe not.
(h/t Weasel Zippers)