Boortz's economics lesson of the day

Neal Boortz is a quintessential jackass on many issues near and dear to my heart (Christianity, Abortion, The Confederacy, to name just a few) but he's ON TARGET with his criticism of government spending and wastefulness.

Here's Boortz's article from this morning:

FUN WITH NUMBERS by Neal Boortz

Knowing that the nation's schools are doing so poorly teaching basic math skills to our children; and assuming that parents, being the ultra-responsible lot that you are, will try to fill in the gaps with some home schooling --- I thought it might be useful to present you with some numbers you might want to use in your remedial education efforts. The added bonus here is that you can also use these numbers to reinforce in your children that President Barack Obama really is, as has been written, "sort of" a God and is clearly succeeding in his quest to lead America to a golden new economic age.

30,383 That's the number of jobs the Obama Administration claimed to have "saved or created" in a statement last Thursday. The trouble is, there is no clearly defined way to determine jobs "saved or created." You can pretty much choose any number and run with it. The New York Post tells us that the tab comes out to $71,500 per saved-or-created job. Ask you child what they think might happen if small businesses had this money through tax cuts to use to expand and grow their businesses.

48,000,000 Since we're speaking of jobs, that's the approximate number of people employed by America's small businesses - specifically the ones that employ between 1 and 49 people. Medium-sized businesses employing 50 to 499 workers count for another 42,000,000 jobs. What about large businesses that employ over 500 people? Try 17,000,000. Surprising, isn't it? Now while you're working through these numbers with your kids be sure to tell them that the vast majority of these small and medium-sized businesses report their business income on their owner's personal tax return. These business owners, then, will be the ones hit when Barack Obama gets his tax increases on people earning over $250,000 a year. They employ most of our workers, and they're going to take the tax hit. Ask your child how they think this is going to work out! If you work for one of these small businesses you may want to give that some thought yourself.

$2,300,000 That's the amount of borrowed stimulus money that was sent to beauty schools in the Tampa, Florida area to train hairdressers, masseuses and nail technicians. People who are already licensed to do hair, nails and give massages in the Tampa area are looking for work. There will be no jobs waiting for the students who use this money to get their "beauty" licenses. The Florida Cosmetology Association says only 1% to 2% of beauty school grads will be working in that field five years after graduation. Use these numbers to try to convince your child that there are better things for them to train for than cutting hair, polishing nails and giving massages in Tampa.

61.4% Percentages are fun! It's bonus time when you can use percentages to teach your children about the perils of debt. At the end of 1999, as we were moving into the last year of the Clinton Administration, the amount of money our government owed was 61.4% of our GDP; the total value of all goods and services produced in this country during that year. By the time George Bush was through that figure had gone up by 8.8 percentage points to 70.2%. Not good. But ... by the time Barack Obama gets his first year all wrapped up that figure will have risen another 20.2 percentage points to 90.4%! We're on a roll! And here's your final fun percentage figure: In 2011 that figure will reach the magic 100%. At that point we owe more than the total value of our economy. That has to be the definition of something! Bankruptcy? Oh ... and we're not even talking unfunded liabilities here.

Finally ...

9% That's an unemployment figure. That's how high Barack Obama said our unemployment figure would go if we did not quickly pass his super-effective stimulus plan earlier this year. (It's over 11% here in NE Florida right now)

7.9% That's how high Obama said unemployment would rise if we would just give him over $750 billion dollars to stimulate our economy. We did; and ....

9.8% That's our latest unemployment figure. Looks like the stimulus worked! The figure includes hairdressers, nail techs and massage therapists - in case you're wondering.

#1 As in Rule No. 1. Elections have consequences.