Saturday, August 7, 2010

Craziness

A few random thoughts occurred to me yesterday.
Everybody talks about these great government jobs in Cuyahoga county we found out exactly how great. Recently the county board of property tax revisions joined the rest of the county government in being investigated. One piece of information we learned is the salary for the three appointed administrators is 64,000 a year. A good wage but not great but wait there's more they also work less than 30 hours a week and sometimes hold second jobs. Sixty four thousand a year guaranteed extra income pretty good.

A second thought came to me when I read our fearless leader Pres. Obama"s remarks to UAW members in Chicago. Obama was stressing how his bailouts to G.M. and Chrysler saved the U.S. auto industry. I don't agree but I can see how he might make that point. The oddity comes in when you realise he was speaking to Ford workers, Ford being the company that was run intelligently enough to not need government financing to stay above water. Obama can spin these bailouts any way he likes but to say giving money to someones competitors is good for them is ludicrous.

Last but not least I think we are finally moving away from recession a little based on two signs. One at work I'm starting the second month of 12 hour days, and this month it may even be hard to make deliveries with just expanded hours. Hiring can't be too far behind if extra hours isn't cutting it. Secondly the money supply is starting to flow again. This is based on a pocket change analysis I'm finally seeing some change dated 2009 this is extremely odd in that the norm would have been to see change dated 2009 in Feb-March 2009. If people aren't spending then there is no need for change and the banks don't need to order more coins from the Fed.

Okay I'll admit it my economic analysis is mostly wishful thinking but the experts aren't much better.

1 comment:

  1. I don't know about the reliability of the "change-date indicator," but I fully believe that the work picking up sign indicate things are starting to improve.

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