Category: on TV

remarks about TV, both the what and why

Elections Past

Posted on Posted in econocaste, fauxtons, on TV

Jobs From Money

Wall street creates jobs on mainstreet — grant me this idiom

I have been accumulating viewer points watching the media duel. Capturing opinions as voiced by Main Street Media and Wall Street Media.

I am posting charts from BLS data, not because I believe they have the best data, but because they have the most often cited data, therefore, media and academics amplify its dissemination. Hence, their data has wider effect, if any.

Just yesterday [Nov 3,2008] CNBC and FOX commentators said, with unquestionable authority, that democrats are not good for job creation. The unchallenged opinion is based upon the democrat’s philosophy.

The following chart is BLS unemployment data for September of election years for the past forty years. The choice of September is because that is the last month data published prior to an election. October data is published after the November election.

unemplElection.001.jpg

If you had to write a thousand words to replace this chart, would it be the same tale told so stridently by those occupying the on aire eight box? Are jobs created during Redstreet eras?

CNBC Votes McCain

Posted on Posted in on TV

During tonight’s drum and strife chorus on CNBC, Jack Welch visited to offer opinions. Among them we hear that “some union goons” could force unionization of shops. That would be bad, but worse is that the goons from the union would intimidate you poor small business owner. Maybe you should think about arming your managers to defend GE from union goons while there is still time.

The hosts nodded. Like those bobble head puppets in cars that goons sometimes drive.

Mr. Welch also was able to assert that taxes in the state that GE was in were so high that they were causing unemployment. Fortunately for GE, since they moved from that high tax state, they aren’t suffering from layoffs or increased unemployment. Too bad that GE didn’t move to the lowest tax state. Too bad that the CNBC goons were so thrilled to hear what they wanted to hear, that they never asked why GE didn’t move to the lowest tax state.