American Education is so Poor only 7% in Survey can Name the First Four Presidents in Order

Posted by PITHOCRATES - April 13th, 2014

Week in Review

All you hear from Democrats is that we need to spend more on education.  They call it investing in our future.  Which is a lie.  For ‘investing in our future’ is code for shoring up teachers’ pensions.  And keeping higher education doing what those in control of higher education want it to do.  Produce Democrat voters.  Which actually starts in our public schools.  Where they teach our kids to come home and tell their parents that they are ashamed of them.  For all the global warming they’ve caused.  And bringing them into the world in the evil, rotten United States.

These are the things our kids seem to know about.  Global warming.  Slavery.  Stealing land from the Native Americans.  American imperialism.  But ask them to name the first four presidents of the United States?  Four of the greatest Americans ever to live?  Those in control of our public education don’t think knowing anything about them is important.  Apparently (see Rolling Stone, Groupon Show The Viral Benefits of Historical Inaccuracy by Nathan Raab posted 4/11/2014 on Forbes).

In 2007, a US Mint poll showed that only 7 percent of those surveyed could name the first four Presidents in order. A later poll by Marist was not more encouraging.

George Washington (#1) kept the Continental Army together for 8 years under circumstances few could imagine today.  Near the end of the Revolutionary War his character alone put down a mutiny in the officer corps.  He turned down the offer to make him king.  An unprecedented act at the time.  King George of Britain had said if he turned down absolute power “he will be the greatest man in the world.”  And Washington did.  Twice.  His presence was the only thing that got the states to ratify the Constitution.  And his two terms in office was the only thing that gave the United States of America a chance of succeeding.  This is why there is only one man we call the Father of his Country.  And only one man we call the Indispensible Man.  George Washington.

John Adams (#2) was a driving force for American independence.  So much so that King George could not forgive him.  Had they reconciled with the mother country the king would have pardoned many patriots.  But not Adams.  He would hang.  Adams nominated George Washington to command the Continental Army.  He chose Thomas Jefferson to write the Declaration of Independence.  He worked with Benjamin Franklin to negotiate the peace treaty that ended the Revolutionary War.  And negotiated America’s first loan from Amsterdam bankers.  The first nation to recognize and do business with the new nation (other than France).  And he averted war with France following the French Revolution.  Giving the fledgling nation a chance to survive.

Thomas Jefferson (#3) was the author of Declaration of Independence.  The author of the Statute of Virginia for Religious Freedom.  And the Father of the University of Virginia.  The three things Jefferson was most proud of and appear on his tombstone.  As president his administration bought the Louisiana Territory from the French.  More than doubling the size of the United States.  And sent out Lewis and Clark to explore these vast new territories.  And he slashed government spending wherever he could.  A true believer in limited government.

James Madison (#4) is the Father of the Constitution.  He wrote the Federalist Papers with Alexander Hamilton and John Jay to encourage ratification of the Constitution.  The Federalist Papers are still referenced today in Constitutional law.  He also helped the effort to ratify the Constitution in Virginia where he battled the great patriot Patrick Henry.  Who feared a large central government.  Madison served in the first Congress.  Where he championed the Bill of Rights.  And, later, supervised the Louisiana Purchase as President Jefferson’s Secretary of State.

It is indeed a sad commentary on our educational system that only 7% of those questioned could identify these great Americans.  And it’s not a lack of money causing this.  It’s a lacking in the curriculum.  Choosing global warming, slavery, stealing land from the Native Americans, American imperialism, etc.  Instead of teaching our kids why the United States is the greatest country in the world.  Because of men like these.  Who put the individual before the state.  Who made freedom and liberty things we take for granted.  Instead of things people can only dream of.  Which is the case in much of the world today.  And has been the norm throughout history.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Women and Men in the Exact Same Jobs are earning the Exact Same Income

Posted by PITHOCRATES - April 13th, 2014

Week in Review

The Democrats are running out of ways to buy votes.  Which they desperately need as more people suffer the ravages of Obamacare.  Who will be entering the voting booth angry this fall.  Looking for someone to blame for taking away the health insurance and doctors they liked and wanted to keep.  And being that Obamacare was passed on purely partisan lines (no Republicans voted for it) the Democrats are sweating bullets as the midterm elections approach.  So they turn to an oldie but goldie.  The pay gap lie (see What pay gap? Young women out-earn men in cities, GOP pundit claims posted 4/8/2014 on PolitiFact).

We watched the debate play out between conservative pundit Sabrina Schaeffer and liberal pundit Elizabeth Plank on MSNBC’s The Reid Report, and again later between former White House adviser Anita Dunn and conservative pundit Genevieve Wood on CNN’s The Lead with Jake Tapper.

“If you compare women to men in the same job with similar background, similar experiences that they bring to the table, the wage gap all but disappears,” Wood said. “Women have made great strides. Instead of celebrating that, this is a political year, the White House wants to portray this war on women…”

PolitiFact has given you the nuts and bolts about the 77 cents statistic — you can read the two most important works in this area here and here. Basically, there is a wage gap, but it tends to disappear when you compare women and men in the exact same jobs who have the same levels of experience and education.

Well, there it is.  Equal pay for equal work.  When men and women have the same education, experience and skills doing the same job there is no pay gap.  Case closed.  In fact, single women without children are actually earning more than single men.  Which is the key to this argument.  For a woman’s earnings fall with interruptions in her career as she takes time off to have children.  Or works reduced hours to care for her children.  This is where the pay gap comes in.  When you compare apples and oranges.  Comparing women who take time off or cut back their working hours or take lower paying jobs that allow her to spend more time with her children to men who don’t.  Because they’re single.  Or are married and have a wife who takes time off to spend more time with their children.

In fact, women are making great strides.  At the expense of men (see Is the Gender Pay Gap Closing or Has Progress Stalled? by Josh Zumbrun posted 4/11/2014 on The Wall Street Journal).

“There’s no question that one of the things that ‘77 cents’ doesn’t emphasize is that there’s been enormous gains,” said Harvard University economist Claudia Goldin.

Looking at the data above shows three clear trends that have emerged since the 1970s:

1) The spread between the sexes narrowed between 1970 and 2000. It has made little progress since.

2) Men have made no income gains in over four decades. Adjusted for inflation, men earn less today than they did in 1972.

3) Women continued to make gains until the recession began. Whatever forces slowed the income growth of men from 1970 to 2000 did not halt the income growth of women.

Simple economics.  Supply and demand.  Men were making more and more every year.  Until the Sexual Revolution.  When women began to flood the labor market.  With more labor available the cost of labor fell.  So as women gained education and experience the supply of educated and experienced workers grew.  Allowing employers to pay less for these now more plentiful educated and experienced workers.  Which is why as women enjoyed income gains men saw their income decline when adjusted for inflation.  Simple economics.  Supply and demand.

A long time ago in high school chemistry I remember my lab partner did not complete a homework assignment that was part 1 of a 2-part grade.  There was a homework part.  And a lab part.  Being a nice person I asked the teacher if we could share the grade on the homework part (which I had received an ‘A’ on.  Or a 4.0).  The teacher was more than generous.  He said, “Sure.  A 4.0 divided by 2 equals a 2.0 for each.”  Or, a ‘C’ for each.  Suffice it to say my lab partner did not get a 2.0 on the homework that went undone.

This is why men are earning less.  Because women have entered the workforce.  The revenue businesses use to pay their employees didn’t increase like the number of educated and experienced workers did.  So the amount of available revenue for pay and benefits was shared by more people.  Each getting less than a man did before the Sexual Revolution (when adjusted for inflation).  So instead of a single paycheck supporting a family these days it now takes two paychecks.  Because men are making less today since women have lowered the price of labor.  By increasing the supply of labor.  Not because they are paid less.  But because there are so many workers for so few jobs that businesses don’t have to pay as much as they once did to hire people.  Which is more to blame for pressure on wages than any pay gap.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , ,

A Fed President says there is no Inflation while the Price of the Big Mac says Otherwise

Posted by PITHOCRATES - April 13th, 2014

Week in Review

Inflation is bad according to Rep. Chris Van Hollen.  And, therefore, we need baseline budgeting (taking last years’ spending and automatically adding more to it to arrive at the budget for the following year) to overcome the corrosive effect of inflation on government spending.  And he illustrated this by showing how inflation has increased the price of a Big Mac over the years (see Members of Congress debate budget with Big Macs by Eric Pfeiffer posted 4/8/2014 on Yahoo! News).

On Tuesday, two members of Congress got into a detailed discussion over inflation, with Rep. Chris Van Hollen using pictures of hamburgers  to argue that inflation estimates are necessary to undercut future budgets.

Holding up a chart that showed the average cost of a McDonald’s Big Mac in 2004 ($2.71) compared with its cost today ($4.62), Maryland Democrat Van Hollen argued that not adjusting budget numbers for inflation equates to a net cut.

But while arguing that we need baseline budgeting to counter rampant inflation we have someone whose job is to keep inflation from rearing its ugly head in the economy saying quite another thing (see Fed’s Evans ‘exasperated’ by inflation warnings by Greg Robb posted 4/9/2014 on MarketWatch).

Many people who argue that inflation is just around the corner have been repeating the same warning for the past five years, said Charles Evans, the president of the Chicago Federal Reserve Bank, on Wednesday. “I confess that I am somewhat exasperated by these repeated warnings given our current environment of very low inflation,” Evan said in a speech at an economic policy conference in Washington D.C. Evans said he still sees the economic environment pointing to below-target inflation “for several years.” Evans debunked current arguments that inflation is just over the horizon. He said that there is “substantial room” for stronger wage growth without inflation pressures building and added the Fed’s large balance sheet is not a “classic warning sign” of inflation. Commodity prices also seem to be an unlikely propellent of inflation at the moment, he said.

So while Rep. Chris Van Hollen is wringing his hands over the rampant inflation everywhere that we can only counter with baseline budgeting the president of the Chicago Federal Reserve Bank gets exasperated by people like Rep. Chris Van Hollen.  Because there is no inflation that he can see.  And it’s his job to find inflation.  So he can stop it.  So who’s right?  They can’t both be right.  Of course, the price of the Big Mac has gone up through the years.  But there is only one problem with Rep. Chris Van Hollen presentation in Congress (see the Yahoo! News article linked to previously).

Regardless of which side of the debate you fall on, there was one falsehood on display at the House committee hearing on Tuesday. As The Washington Post noted, those hamburgers used in Van Hollen’s charts weren’t actually Big Macs.

That’s right.  With all the resources our representatives have at their disposal they could not even take the time to get a picture of the right hamburger.  Perhaps because the only beef our representatives eat is the tenderloin and wouldn’t be caught dead ‘slumming’ it at a McDonald’s.  Food the vast majority of Americans find delicious.  But then again, we’re not a bunch of pompous, arrogant, condescending prima donnas like our representatives, are we?

www.PITHOCRATES.com

Share

Tags: , , , , ,