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)

Comments

11 Responses to “Mad Max(ine) Waters Wants to Spend at Least a Trillion Dollars to Create Jobs Just Like the Last Time That Didn’t Work”

  1. SignPainterGuy on September 5th, 2011 2:40 pm

    Mad Max(ine) is just plain dumb. By every definition she shines as example of how NOT to run a government !

    My little town stands in stark contrast to the norm apparently when it comes to gooberment offices. Our DMV and town employees are always friendly and eager to help; the county`s 1 drivers license office (in with the Hwy Patrol office) is efficient as state law allows, the staff is friendly and courteous and our post office gets only two complaints from me. Like all of them, the union makes them take breaks at certain times, so the lobby can be backed out the door, but only 1 or 2 clerks manning 4 stations, even near closing time. And then there`s those "Forever Stamps". I keep buying them, but they don`t last forever. I`ve complained to no avail; all I get is "You wanna buy another booklet ?" Well, yeah, but if they don`t start lasting forever, I`m not buying more than 5 or 6 more ! ;-)

  2. SignPainterGuy on September 5th, 2011 2:49 pm

    I guess Theonewe`vebeenwaiting for is turning out to be Theonehe`sbeenwaitingfor, but fewer people are falling for it. If he delivers the John F`n Kerry speech, he served in Vietnam ya know, "I have a plan. And my plan is, I have a plan. And if you elect…..er, uh, ….if you RE-elect me, I`ll tell you what my plan is !", no one will be surprised. More of the same wreckless gooberment spending, borrowing, taxing, printing and burdensome regulations and of course, favors for his cronies and big labor buddies !!! In other words, NOTHING that the country really needs !

  3. lynnbo on September 5th, 2011 4:22 pm

    No one believes him anymore, so why bother giving anymore speeches.

  4. Pasadena Phil on September 5th, 2011 6:41 pm

    Speaking of "too big to fail", that bank (whose name escapes me) that Warren Buffet "saved" a couple of weeks ago when he forced them to take $5b of cash from him so that they could pay him 6% (when they could borrow from the Fed for free) and give him free warrants on common stock may very well go out of business this week.
    http://www.forbes.com/sites/kenrapoza/2011/09/05/

    With the European banks in free fall today, it is hard to see how they avoid Lehman Brothers' fate. It may not happen this week but it sure looks inevitable. Now if Warren really wanted to help, he would put on his big boy pants and step up to the plate to buy COMMON shares this time, not preferred shares.

  5. Pasadena Phil on September 5th, 2011 7:20 pm

    Mad Maxine was going to go with "We need a new federal jobs program" but that was too lame so she changed it to "We need a new GABIZILLION DOLLAR jobs federal program" but even her own people laughed so she went with "We need a new trillion dollar jobs federal program".

    She wants jobs okay? She doesn't know how spending money works but a trillion dollars is a real number and it is big. She got her economics degree from the Underpants Gnome Graduate School of Economics.
    http://www.youtube.com/watch?v=TBiSI6OdqvA

  6. SignPainterGuy on September 5th, 2011 7:27 pm

    A GABAZILLION DOLLARS ? To get a laugh from even her own folks, that must be way more than a sh*$ load ! AND it must be more than a TRILLION, since she "came down" ! Whew, makes my palms sweat !

  7. SignPainterGuy on September 5th, 2011 7:34 pm

    Jimmy Hoffa and several others have made public, open, publicized, indisputable calls for violence against republicans, tea partiers, whites in general and conservatives. Why is there no call, much less an actual movement toward charging these jerks with "inciting riots or violence" ? Why are they getting away with it ?

  8. Marshall_Will on September 5th, 2011 8:48 pm

    Hey Phil, Happy Labor Day!

    "Executives of the bank recently responded to the unusual request from the Federal Reserve with a list of options that includes the issuance of a separate class of shares tied to the performance of its Merrill Lynch securities unit,"

    I KNOW! Let's paper over REAL losses created by a black hole of derivatives with… wait for it… more DERIVATIVES..! Sheesh, I've had friends that were degenerate gamblers before but..?

    So what's a guy gotta' DO to 'buy' a bailout these days? Brace for anything at the open.

  9. Marshall_Will on September 5th, 2011 8:55 pm

    Van Jones, Motel Williams blah, blah. That made for a particularly interesting The 5 today. Mrs. Will was thoroughly amused.

    How is "take someone 'out' " any different than contract killing/assassination etc? Take us out w/ 'what'? More over the top rhetoric? More misrepresentations? More 'tough' TALK!

    Sorry guys, you burned that up getting Theoneyou'renolongerso'sure'about elected. There should have been a 12 to 18 mo. period of Total Dim Civility in order for them to be able to ratchet it up from 'there'. Now, shy of sabotaging our OWN nuke reactors, where else can they take it?

    I thought I told Powers to take some time OFF! ( Glad you guys are having fun ) oh and the Tigers ENDED our ChiSox Season btw. Comerica Park blows btw…

  10. Pasadena Phil on September 5th, 2011 9:25 pm

    Right back at ya!

    Isn't it ironic that the next bank poised to fall bought Merrill Lynch which was the next domino poised to fall when Lehman collapsed? I can't imagine Treasury could persuade anyone to step up this time. BofA has the worst mortgage portfolio of anyone and there seems to be no way out. And I just don't see the feds throwing around bailout money anymore either.

    They just need to break up the banks, deal with the toxic debt, abolish Fannie/Freddie and re-instate Glass-Steagall. There will be no economic recovery so long as we keep propping up these zombie banks with taxpayer money. The entire banking system of the free world is insolvent. We need to face it and move on.

    Short sellers are always whipping boys in these events but once again, they have busted a bad company and alerted the regulators and investors to take a better, closer look.

    I covered my shorts Friday but now wish I hadn't. We could see the market down 250-300 at the open. A 600-800 point drop tomorrow is not out of the question so I may short at the open. I'll be up really, really early tomorrow.

  11. SignPainterGuy on September 5th, 2011 10:01 pm

    Hopin` everybody had a nice Labor Day, even though we conservatives hate it n all.

    A bit damp here, but TS Lee hasn`t been too breezy Thanks for that. Woulda been happier if Lee had turned west and dampened Texas a dab !

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