Fuzzy Math, Fuzzy Logic or just Fuzz

Not that I planned it, but yesterday’s post provides an excellent segue into today’s.

This morning Obama hailed the monthly unemployment numbers as some kind of triumph for his administration’s programs.

I'm sure that the Obama faithful will applaud but today's market didn't and with due cause.

Now, as I’ve wondered before, is the man naïve, or is he a liar or is he stupid?

Let’s see if this little analysis will help answer that question.

Today’s number revealed a gain of 431,000 jobs in the previous month. Great, right? However, all but about 10% of those were temporary government jobs for the work of the census. And they’ll go away very soon.

Perhaps the sooner the better because all government jobs do is to cost the rest of us money.

Take for example a pretty low-level government job which pays $45,000 per year. Do you wanna take a stab at how many “real” jobs will be needed to pay the taxes to fund that paycheck?

Well it’s about 10; so in order to fund 100,000 government positions there must be 1 million taxpayers in the private sector. Now, according to this month’s numbers we’re going the other way to the extent that we’re completely upside down. At the very least, perhaps we can live with 1 one government job for every 9 in the private sector.

But flip-flop those numbers and disaster awaits and that’s where we are.

And this is where yesterday’s post and this one intersect because the European mindset and the Obama model show frightening congruence.

If the answer to a nagging unemployment problem is to create more government jobs then maybe everyone should work for the Feds. Now don’t think that hasn’t been tried because it has and it has failed miserably every time. Take a look at the old Soviet Union or Mao’s China or today’s Greece.

So I go back to the question. Is Obama naïve, stupid or a liar? Or is he trying to destroy this country deliberately?

Or What?

And you can provide the “what”.