Posts

Steve Wynn schools Obama’s supporters on the economy

It’s a series of three video clips. The first is Moody’s chief economist Mark Zandi. He agrees we will be facing double digit unemployment for months if not years. But he says the stimulus is working. Otherwise it would be worse. Really?

We’ve heard this line before … from these same economists. Remember? We were told if we didn’t pass the stimulus unemployment would exceed 8%. The stimulus would prevent that. Remember? maybe this chart will refresh your memory.

Unemployment with stimulus graph

Well that was pretty much all Steve Wynn could stand. He employs 20,000. Never laid anyone off he says … get out of the way, he says. Let the private sector create jobs.

Oh but no … Wynn is not finished. Not until he takes on Michigan’s Governor Granholm. The woman who presides over the worst state economy in the country (OK, sorry California), where unemployment is at Depression levels … 15.2%.

Blog Prof has the whole rundown … on the jobs picture.

Oh and a big hat tip to Gateway for pointing out the sorry state of Michigan for me. He has a pretty nice video over there of Detroiters clamoring for “Obama money”

You Gunna Eat All That?

Sailors call it gulling. When someone picks the food off another person’s plate. Guys do it all the time and mostly it drives women crazy. This time though its a woman, Michigan Governor Jennifer Granholm on Fox News Sunday.

South Carolina Governor Mark Sanford makes a good case for not taking the Fed’s stimulus money, because it comes with strings. Listen closely because the strings would likely cost SC dearly. The example he uses is expanding unemployment benefits.

But not Granholm. For her its just quick cash and she wants it and his too.

My guess is because she doesn’t care about the strings and the added financial pressure it might put on her state … she’ll just come back and ask for more. By the way no matter where you live … this is your money.