Posted on 30th December 2013 by Administrator in Economy |Politics |Social Issues

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Karl has the same question I have about these “emergency measures”. Why would we need extended unemployment benefits, food stamps at record levels, zero interest rates, and the Federal Reserve buying $75 billion of bonds per month if the stock market is at record highs, unemployment has plunged from 10% to 7%, and the economy is growing at over 4%?

If the emergency is far past, stop ALL the emergency measures and let’s see how well our beloved leaders have SOLVED our problems.

Oh. I thought so. Nothing has been solved. The oligarchs have only deferred the final collapse until they could capture the remaining wealth of the peasants.

Carry on.

2013-12-28 11:45 by Karl Denninger

Paula Dwyer: Stop Lying About UE Benefits

You should be immediately fired for this Paula:

The big boot begins at midnight Dec. 27. That’s when unemployment checks stop coming for 1.3 million people who have been collecting benefits for more than six months. By July, another 1.9 million people will get the boot from extended benefits. By the end of 2014, 1.6 million more will be kicked off, totaling about 5 million Americans.

Oh really?

That’s the latest “big table” for Unemployment Benefits.

The “Regular State” column is those who are covered under the standard insurance-style 26 week benefit.  You pay into this in the form of foregone wages that your employer is required to “contribute” to the pool, and if you become unemployed you are entitled to draw against that.  This is an insurance program, albeit a forced one.  It is not going away as it is not part of the “emergency” program at all.  Anyone who qualifies for that program will continue to receive it.

Nor are the next two, Federal and Newly-Discharged Veterans categories.  Again, those are standard programs and are not going anywhere.

It is the next line, EUC 2008, that is at issue.  And there are only 1.3 million people in total on that program.

It is therefore impossible for 5 million to “lose” that benefit as there are only 1.3 million people that are receiving it now, and it is nothing more than welfare — a giveaway that was passed under the claim of economic emergency.

You can’t have this both ways.  Either we have an economic emergency or we do not.  If we do, why is the stock market at record highs?  Why is it that your publication has trumpeted the “success” of all the various emergency programs, including spending, welfare, huge deficits, bailing out banks and so on?

If we are not currently in an economic emergency then this program is an abject fraud.

But that’s a political debate.

What’s not a political debate, and is an outright lie, is that “5 million people” will be kicked off a program that doesn’t have 5 million people on it.

You may think the readers of your column can’t count, and you might even be right, but when the very government program you claim to support states, in black ink, the number of recipients every single week you might want to look there before publishing something that is utter and complete crap.

Perhaps the better question is, given this irrefutable black-ink record, why anyone should believe anything that Bloomberg publishes.

  1. TJF says:

    Over the past few years, I’ve come to the conclusion that journalists are a sorry lot. I believe that the rank and file ones are clearly stupid and a result of the bad idea that college is for everyone. The folks writing the articles continually demonstrate their inability to think critically and display a complete lack of intellectual curiosity. I suspect that their bosses fall into the same category and one would have to travel fairly high up the food chain until you came across one that is corrupt and not stupid.

    Well-loved. Like or Dislike: Thumb up 21 Thumb down 0

    30th December 2013 at 8:37 am

  2. harry p. says:

    They are most definitely both stupid and corrupt, at times simultaneously.

    Well-loved. Like or Dislike: Thumb up 17 Thumb down 0

    30th December 2013 at 10:02 am

  3. AKAnon says:

    Since when are stupid and corrupt mutually exclusive? I vote both for most.

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    30th December 2013 at 10:26 am

  4. Mark says:

    Jounalist much like people who run charities or some wierd political cause are status professions.

    These people hail from the elite to begin with. Take that bitch on CNBC Morning Joe Metro Sexual Show for example. I went to a “save the sound ” event one time. It’s obvious that the broad in charge was from a Greenwich family and its her gig. Chris Shays made an appearance as some form of political favor that was probably unrelated to the made up cause.

    No I don’t think they’re stupid . They’re just playing a different game.

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    30th December 2013 at 10:38 am

  5. TPC says:

    The journalists are little more than talking heads these days. They speak, but if you look closely you can clearly see the strings being pulled.

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    30th December 2013 at 11:11 am

  6. NickelthroweR says:

    As someone that works in entertainment (yes, the news is entertainment), I can tell you that the people in front of the camera do nothing more than read what is on the teleprompter in front of them. They have those positions because they are good at reading a teleprompter and they have an appearance that appeals to the target demographic. Believe it or not, it is difficult to read a teleprompter while listening to a cabal of “directors” shouting into your in ear monitor.

    What appears on those teleprompters is entirely out of their hands and often comes from low paid workers and even interns if it is local news. There is a lot of cut and paste going on with the wellspring of info being either the government or the AP. That is why, other than silly shit about Santa’s skin color, all news programs repeat the same thing.

    No one has the time nor the inclination to do anything but repeat the official line. In the end, why should they? The news is just another platform to sell you something. Nothing more, nothing less.

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    30th December 2013 at 11:53 am

  7. Wyoming Mike says:

    If they had a working brain, they wouldn’t have become journalists in the first place.

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    30th December 2013 at 11:54 am

  8. Wyoming Mike says:

    Remember when that intern made up the korean flight crew & the moron “jounalist” read it on the air? Names were Sum Ting Wong, Wi Tu Lo, Ho Lee Fuk and Bang Ding Ow. Hilarious.

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    30th December 2013 at 12:02 pm

  9. TeresaE says:

    Not stupid, maybe intellectually numb, but most “journalists” are not stupid by our schooling tests and measures.

    What they are is complacent, happy, and clueless to the corruption that is inherent within their careers and “news” organizations.

    Why would one question if the “economy” was actually “fine” if they just went through contract negotiations and received a 20% increase in their package?

    One would not question it, one would think the majority were just like them and that is completely human nature.

    Back in middle school, during one of the times mom left dad and moved us to larger cities (with larger welfare departments and programs to help “displaced” spouses), I had the opportunity to take Journalism for a couple months. EVERY feature had to answer the following questions: Who, What, When, Where, Why and How. Papers turned in without said basics were quickly redlined and sent back.

    I started paying attention to most “news” stories, they almost always leave out one of the basics, or they outright misstate and obfuscate them. The Whys are the usual suspects as really rich people (and their connected, probably from rich families, interns) have no way to relate to the causes and problems of us mere commoners.

    Anyway, since the stories themselves are little more than extended advertisements for some corporation, scanning the stories for the Basic 6 of journalism provides my brain a way to keep from exploding in rage at the bullshit this society believes is news.

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    30th December 2013 at 1:14 pm

  10. AWD says:

    You can’t believe anything in the media, pure and simple. Everything must be checked and rechecked, because “news” is more likely to be “opinion”. The only job of the MSM is to shove their liberal agenda down our throats. The president of the USSA is a pathological liar.

    And the liberal MSM is publishing literally thousands of sob stories about people losing their 99+ weeks of unemployment benefits. People have had paid vacations for years now, free food, and many have spent their vacations getting on disability or welfare instead. The one thing about liberals and socialists, they don’t care who’s money they’re spending, as long as it’s not their own.

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    30th December 2013 at 1:46 pm

  11. NickelthroweR says:


    I think you are reading into this too much. A news program is no different than a radio station in that it attempts to target a demographic for advertising purposes. The FSA is a very large demographic and though you may think that it doesn’t have any money or resources, you’d be wrong. Remember, a full 25% of the US economy is now underground – some would call it a Black Market Economy.

    You need to think of it as popular songs on a Top 40 Radio Station except, instead of songs, it is playing popular themes or memes if you prefer. Right now, sad crap about unemployment is in heavy rotation – it is moving up the charts so to speak. On the Right, the Obamacare fiasco is in heavy rotation and has maintained its number #1 hold on the charts.

    There is no grand conspiracy – that would give them too much credit.

    Like or Dislike: Thumb up 2 Thumb down 0

    30th December 2013 at 2:03 pm

  12. backwardsevolution says:

    They’re not stupid, and their silence borders on corruption. Slick talking heads, Barbie bimbos, educated, from elite families who don’t want to see the other side of the equation, or would be fired if they did. Conformists with fat pay cheques.

    You can always tell what the government wants by hearing the top stories. As AWD says, they’re talking about the loss of unemployment benefits. They could give a sh*t about the people, but the loss of that spending power would put a serious dent in corporate coffers. It’s all about keeping the corporations happy.

    Same thing with the creeping story line of raising the minimum wage. Again, they don’t care about the people (because they know the raise won’t last long anyways; it’ll be inflated away), but how the hell are the corporate interests (the health care industry, etc.) going to continue to make billions when the people can’t afford things.

    Watch the lead stories, and then follow the money. Karl Denninger also has a piece re minimum wage, and he doesn’t hold back his disdain for Bill Black. I agree.

    Like or Dislike: Thumb up 4 Thumb down 0

    30th December 2013 at 2:20 pm

  13. NickelthroweR says:


    Again, I think you are putting the chicken before the egg. The people that present the news are just as lazy and as corrupt as you can imagine. Why look at anything when you can just go to the Royal Palace and get your stories pre-packaged for you. Better still, the Royal Palace will supply well trained talking heads free of charge that will pretend to be interviewed while everyone waits for the next pharmaceutical or Ford Truck commercial.

    It isn’t a grand conspiracy but laziness. Let me say it again for effect: why work when the government or some corporate entity will write your story for you and supply you with pre packaged segments and provide you with professionally trained talking heads to fill the space between commercial? Why work at all?

    Radio stations do not write the music that they play for you – they just play the music. The EVERYBODY SHOULD GET A PAY RAISE song that the Democrats just recorded may or may not climb the charts on the FSA Station. It is just another song that may or may not appeal to the demographic.

    Now, I do not disagree that the Democratic party has released this song in the hope that it is a hit and that the public will come out and support the song by voting for them in the upcoming election. If not this track then there will be another.

    Like or Dislike: Thumb up 1 Thumb down 2

    30th December 2013 at 3:49 pm

  14. backwardsevolution says:

    NickelthroweR – “It isn’t a grand conspiracy but laziness. Let me say it again for effect: why work when the government or some corporate entity will write your story for you and supply you with pre packaged segments and provide you with professionally trained talking heads to fill the space between commercial?”

    And you just thought it was laziness! Watch what happens the first time a talking head deviates from the established line, opens his mouth and says something – anything – negative about one of the corporate sponsors, the banking establishment, that housing isn’t going up, the Federal Reserve. That lazy little chimp will be told in no uncertain terms that he must read the news, as is, or hit the road.

    Of course the EVERYBODY SHOULD GET A PAY RAISE song will appeal to the demographic. That’s because there won’t be any opposite opinion brought out, and who could argue with a pay raise. If someone was allowed to spend as much time talking about what Karl Denninger talks about (link above), people might learn something.

    But that’s not going to be allowed to happen, is it, because TPTB want the pay raise. That’s why they’re pushing it. THEY need the pay raise in order to keep maintaining profits. Come up with a song that tells the other side, and let’s see how much air time your station allows it.

    I didn’t use the word “conspiracy,” but it’s not far off.

    Like or Dislike: Thumb up 0 Thumb down 0

    30th December 2013 at 7:15 pm

  15. NickelthroweR says:


    Exactly. You make my point for me. You do not piss off the hand that feeds you because if you do deviate from the written script then the people that pay your salary (your sponsors) will rain hell down upon you. You also do not piss off Royalty or they will cut off your access to their endless list of spokespeople that make your life easy. Doing that is a career ender.

    Perhaps I just see things differently from my little desk (pictured below) where I sit and create reality. You can speculate as to what is going on but I’ve had a really good look inside. I’ve done work for at least 1/2 of the Fortune 500 and a fair number of politicians (also 20 or so film projects and about 100 full length albums). It isn’t pretty. It is all about the money.

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    30th December 2013 at 7:43 pm

  16. NickelthroweR says:

    Oh yeah, I did read that link. I usually take the time to see what people are pointing to. I agree with him but it doesn’t have anything to do with the MSM. He isn’t on their playlist.

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    30th December 2013 at 7:44 pm

  17. backwardsevolution says:

    NickelthroweR – but “You do not piss off the hand that feeds you because if you do deviate from the written script then the people that pay your salary (your sponsors) will rain hell down upon you” is a far cry from just being “lazy”.

    This is not about stupidity (although you’ve got to admit some of these people truly are stupid) or laziness, but a matter of keeping your mouth shut (when you know better) in order to keep your job. The ones who stay on the job for years, spewing half-truths, being careful not to upset those who pay them, must be able to live with themselves. Perhaps the perks of fame or a big pay check are enough. Maybe they enjoy the way things are and wonder what all the fuss is about: “Why don’t these people just get into the market and STFU.”

    Like or Dislike: Thumb up 2 Thumb down 0

    30th December 2013 at 11:41 am

  18. NickelthroweR says:


    Again, I agree. What I do not agree with is the idea that there is some sort of “plan” or “conspiracy”. The news is not a public service. It is a for profit venue with a playlist of competing ideas.

    With that in mind, think of it as a Radio Station that plays music and the different players as Record Labels. Currently, Uncle Sam has an excellent Record Label with Artists (ideas) that are well rehearsed, good looking and recorded in excellent studios with superior production. Songs like that can go right on to the radio.

    Corporate America, too, can kick out some good tunes as they have an endless supply of money to hire the best writers, producers and engineers for their artists (ideas) as well. Their stuff always gets played and it doesn’t hurt that they own the radio station.

    You may wish to present an idea too but you will be working outside of the industry. This is no different that a band trying to make it on its own. It can and does happen but it is very difficult to do. That doesn’t mean that there is a conspiracy to keep them out – they are just not part of the system.

    A band that writes its own music and tries to manage themselves and records themselves in their garage and has no budget just can’t push past the professionals. The Radio Station doesn’t even know that they exist.

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    30th December 2013 at 12:13 pm

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