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Bruce Enberg's Commentary

Our turn to sweat, cry and bleed

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A third of million new jobs were created in January according to the Bureau of Labor Statistic’s household survey. This exceeds the quarter million job gain shown by the employer survey. Historically, these two surveys confirm one another except when unusual growth is seen. The household survey had been diverging from the employer survey by larger and larger numbers over the past year.

This divergence probably indicates exceptional growth in small business activity and among new entrepreneurs not adequately represented in the employer survey. This could be tied to the sharp growth in manufacturing jobs with 50,000 new workers added last month as reported by employers.

Last Updated on Saturday, 04 February 2012 00:11 Read more...

272 billion reasons to feel depressed

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In case you’ve missed the good news on the corporate media; the total GDP of the US is now greater than it was before the Bush crash. Not surprisingly, President Obama gets no credit for this. Just saving the auto industry is a big deal. Let’s cut through the Republican crap on this; the loans to GM and Chrysler weren’t designed to save those companies per se.

Detroit automakers could have in theory recovered using traditional bankruptcy protections, in other words by stiffing their creditors. The problem with this “solution” is that it would have in fact killed not only GM, Chrysler and Ford; but Toyota had said flatly that they would cease North American operations under the Republican solution pushed by Mitt Romney and Senators from the southern states.

Last Updated on Tuesday, 31 January 2012 23:40 Read more...

Name a Prison for him

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Capitalism shouldn’t be confused with business or anything else that’s good for you.

Simply put, capitalism is the buying and selling of someone else’s business, whether it’s the looting of companies by the Leveraged Buyout Specialists at Bain Capital, or the monopolization of a particular commodity by the likes of Enron. A capitalist by definition does not create, does not produce, and does not contribute to anything but his or her own bottom line.

Capitalism is about the use of capital to one’s own advantage while taking what other people have produced, and nothing else. It’s not about workers vs. employers except that capitalism demands the exploitation of workers because there’s profit to be had there. That's not different from the profits made in war or any natural disaster when capitalists are allowed to take advantage of the situation.

Last Updated on Thursday, 26 January 2012 15:03 Read more...

Petroleum Economics 0.001

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The right wing talking heads who serve the 0.001 are screaming about Obama betraying the country by killing the Keystone XL Pipeline project in order to pander to his liberal base. Liberals who are so crazed by this pipeline issue as to allow Romney to become President over it, will not support Obama anyway. They will not support him, either because of other issues, or because they believe he will simply approve Keystone the day after the election, regardless of the consequences.. His weasel words  - used in order to appear centrist on the issue - give them good reason to think this, but I'll bet 10,000 Romney’s that this pipeline is dead as long as Obama is President.

Last Updated on Thursday, 19 January 2012 17:18 Read more...

When the Cheshire Romney Fades Away, Only the Creepy Smile Remains

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What is it that’s so creepy about Willard? It’s because Romney gets a certain look on his face when he thinks he’s said something overwhelmingly clever; it’s like he expects a certain reward. You see this a lot with right wingers; it’s something hardwired into their brains.  It’s occurred to me where I first saw this: his expression looks just like the one the old WB animators would put on the faces of the two human characters that Bugs Bunny always encountered stranded on the desert island. It’s when the one castaway would look at the other and see him as a pork chop; it’s insatiable hunger, barely contained anticipation and utter madness all rolled into one facial expression.

Last Updated on Wednesday, 18 January 2012 00:10 Read more...

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