Energy and Low Taxes reduce Unemployment Rates

Posted by PITHOCRATES - April 20th, 2014

Week in Review

The Democrats have little good economic news during the worst economic recovery since that following the Great Depression.  To create more economic activity they argue to raise the minimum wage.  And to provide a pathway to citizenship for those illegally in the country.  But will these help the employment picture?  Well, we don’t have them now and employment is doing very well in parts of the country (see Tight Job Market in U.S. Cities Prompts Higher Pay by Steve Matthews posted 4/16/2014 on Bloomberg).

To hire 10 to 15 project coordinators this year, Sabre Commercial Inc. has boosted pay 10 percent and added a 401(k) retirement plan.

“It is an employee’s market,” said John Cyrier, co-founder and president of the 48-employee Austin, Texas-based builder. “We are definitely seeing a labor shortage in Austin and central Texas. I see it only getting worse.”

Companies across the U.S. from Texas to Virginia and Nebraska are struggling to fill positions with metropolitan jobless rates below the 5.2 percent to 5.6 percent level the Federal Reserve regards as full employment nationally. Competition for workers is prompting businesses to raise wages, increase hours for current employees, add benefits and recruit from other regions…

In New Orleans, where unemployment is 4.2 percent, “we are getting killed on overtime,” said Ti Martin, co-owner of Commander’s Palace, SoBou and Café Adelaide, which employ a total of more than 350 people. “We are doubling up and working extra hours,” and managers are filing in as cooks. The restaurants have a dozen or more openings, mainly for experienced chefs and servers, she said…

In Omaha, with a 4.5 percent unemployment rate, the Greater Omaha Chamber is coordinating a program that will increase the number of internships to more than 300 this year from 135 in 2012 at employers including Mutual of Omaha Insurance Co., Union Pacific Corp. (UNP) and ConAgra Foods Inc. (CAG) Exposing young people to the city has been an “excellent recruitment tool,” said Sarah A. Johnson, director of talent and workforce initiatives for the chamber…

The labor shortage is expected to worsen in some regions. In Houston and the surrounding area, construction for the oil, gas and petrochemical industries on the Gulf Coast will require about 36,000 more workers in 2016 than in 2013, according to Industrial Info Resources Inc., a Houston-area based research company.

Even with hot labor markets in some cities, twenty-nine metro areas still have unemployment rates of at least the October 2009 post-recession peak of 10 percent, including Atlantic City, New Jersey, and Fresno, California.

Virginia is doing well in the Washington area thanks to lobbyists and those getting fat on the largess of government.  Nebraska is doing well because of some big national companies there.  Which attract people there even though their taxes are a little on the high side.  But the balance of good economic activity is in low-tax states.  Such as Texas.  Which has no state income tax.  And the energy business is keeping the Gulf States doing well.  Thanks to the energy boom in North Dakota.  Which has the nation’s lowest unemployment rate.

So it is clear what is driving the economy.  Energy.  And low taxes.  Put these together and you have low unemployment.  Which is why Atlantic City and Fresno still have unemployment rates of at least 10%.  Because these are in Democrat states.  Which have high tax rates (California and New Jersey are the two of the highest taxed states in the nation).  And prefer green energy over oil and gas.

A higher minimum wage won’t reduce unemployment.  For California and New Jersey have some of the highest minimum wages in the nation.  So a higher minimum wage is not helping their economies.  But energy and low taxes will.  As proven by the healthy economies in areas with them.  And bad economies in areas without them.

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The EPA is Poisoning People while Fracking is making People’s lives Better

Posted by PITHOCRATES - April 5th, 2014

Week in Review

There have been a lot of movies showing how fracking is polluting our groundwater.  Giving people cancer.  Causing fire to blow out of people’s water faucets.  Makers of movies appear on The Daily Show and The Colbert Report talking about how horrible and dangerous fracking is.  So the evils of fracking are all around us.  But, strangely, these dangers are conspicuous by their absence in one area.  Actual news stories.

We hear about how global warming is getting worse.  We hear example after example of how Republicans hate the poor and women and want to take away health insurance from everyone.  We are bombarded with news about how the rich aren’t paying their fair share and how Republicans are trying to buy elections.  But we don’t see reporters filming fire shooting out of a water faucet.  And we don’t see the CDC in fracking areas responding to soaring cancer rates.  Or fracking fields being turned into superfund cleanup sites.

It’s odd because when Malaysian Airways Flight 370 went missing 4 weeks ago CNN covered the missing airplane 24/7.  Even though they had nothing to report.  They just brought in experts (and a physic) and theorized about what might have happened.  The other news channels covered the non-news with nearly the same fervor as CNN.  So you would think that if fracking was causing fire to shoot out of water faucets and was giving everyone cancer they would be covering that 24/7.  For most of these news channels are liberal.  And liberals hate fracking.  But they don’t go to North Dakota to report the abject misery fracking has brought them.  Probably because they don’t want to show the economic boom going on in North Dakota.  Where people are going to for jobs.  Where the unemployment rate there (2.6% as of February 2014) is the lowest in the nation.  Perhaps that’s why they don’t report the abject misery fracking is causing in North Dakota.  Because there is none.

So if the media isn’t in North Dakota is the government?  Is the EPA documenting the abject misery fracking is causing the good people of North Dakota?  No.  Instead, they’re purposely trying to give people cancer (see What’s more dangerous to your health than fracking? The EPA, apparently by Ashe Schow posted 4/2/2014 on the Washington Examiner).

An EPA inspector general’s report found that the agency did obtain approval to conduct five “human research studies” exposing “81 human study subjects to” toxic pollutants including diesel exhaust…

So the EPA asked people to expose themselves to dangerous pollutants — some at levels 50 times greater than what is safe — but didn’t tell them about the dangers.

Why would the EPA, which supposedly cares so much about the public’s health, do this, especially to people who already had health problems?

To justify more regulations and funding, of course.

They are desperately trying to kill people by exposing them to something they can later call a toxic pollutant.  So they can “justify more regulations and funding.”  And they will tell the people they kill, “Fear not, you shall not have died in vain.  Your horrible death will bring about the greatest kind of good there is.  It will enable us to expand the size of the federal government.  Allowing it to reach further into your lives.  Well, not yours per se because you’ll be dead.  Thanks to us.  But other people will know the joy of having the federal government intruding further into their private lives.  Until one day there are no more private lives.”

This is what the federal government thinks is good.  Not a 2.6% unemployment rate.  Like they have in North Dakota.  Thanks to fracking.  Which the people living there don’t seem to mind.  As the people moving there don’t seem to mind.  Interestingly, the blue states with higher concentrations of liberals aren’t enjoying such economic prosperity.   The unemployment rate in New York is 6.8%.  In Illinois it’s 8.7%.  And in California it’s 8%.  So they’re doing something right in North Dakota.  And something very wrong in New York, Illinois and California.  Perhaps committing too many resources on liberal policies.  Instead of creating an economic climate that will give people the thing they want most.  A job.

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Drill Baby Drill working Great in North Dakota

Posted by PITHOCRATES - May 19th, 2012

Week in Review

President Obama keeps saying that the United States uses the vast majority of the world’s oil while having some of the smallest proven oil reserves.  This is his justification for shutting down the oil exploration industry wherever he has the power to shut it down.  Thus restricting the amount of oil the U.S. brings to market.  And increasing the price at the pump.  And he belittles anyone who suggests we should drill for more oil.  That ‘drill baby drill’ is no solution.  Even if they put an oil rig on the east lawn of the White House.  Because we just don’t have the oil reserves to make a difference.  But he’s wrong.  Very, very wrong.  For drill baby drill DOES work.  As they’re proving it in North Dakota (see ND becomes nation’s second-leading oil producer by JAMES MacPHERSON, Associated Press, posted 5/15/2012 on Yahoo! News).

North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas, state officials said Tuesday…

North Dakota owes its rapid rise from No. 9 in just six years to improved horizontal drilling techniques in the rich Bakken shale and Three Forks formations in the western part of the state.

“No. 2, who would have thought?” said Ron Ness, president of the North Dakota Petroleum Council, which represents several hundred companies working in the state’s oil patch. “In 1999, we had zero rigs working and people left this industry for dead in North Dakota. Technology, geology, price and the business climate changed that.”

From zero rigs in 1999 to 6,921 working wells today.  Thank God they didn’t think like President Obama in North Dakota.  Or they wouldn’t have used new technology to find new oil reserves where they thought there were none before.  Proven reserves are oil deposits that they have already found. Which can be low if you are hindering the oil exploration industry.  But no one knows how much oil we have until we start looking for it.  And there’s probably a lot more out there.  All we have to do is look for it.  Like they have in North Dakota.

So drill baby drill.  Because it does work.  All you have to do is to visit the oil fields in North Dakota to know that it does.

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