By the Numbers

" Wall Street on -- today up 200 despite a weakening dollar Friday's dismal jobless report Fannie and Freddie. Asking for yet another government bailout what gives what's the real economic -- let's take a look at. The news by the numbers of put him up here here it is ten point 2% unemployment that means. Fifteen point seven million people unemployed. -- so even -- point seven million people. -- what does that mean it means you're looking for a job are you taking a part time job even though you need a full time job to feed your family. Eight trillion dollars household net worth. Gone managed to put -- Also -- Freddie looking for twenty billion dollars you didn't hear this last week. Thursday Friday got Fannie may look for fifteen billion Friday were heard Freddie Mac needs 5000000020. Billion on top of the already eighty billion. Of your taxpayer money. That they're gonna need to stay afloat. Oh yeah what some good news here's -- good news thirty billion dollar bonuses gets to gets -- Goldman Sachs. Morgan Stanley JPMorgan Chase. They're gonna take thirty billion dollars in bonuses -- hall pigment saved or created jobs your golf club this. This is from the government's website recovery dot org -- of -- recovery dot -- go right there it's the reinvestment act. Website 640000. Jobs -- point nine jobs created so far. They spent a 194. Point five. Billion dollars you -- that comes out to her job. There it is. Almost 304000. Dollars per job. This is a point of reference an average teacher -- average salary in America 52000 dollars. Carpenter averages about 42000 bucks a firefighter 45 -- all but you -- what does better than all of us -- members of house. And it said it a 174000. Dollars. I enough to drive you crazy here's David -- He's the -- adjunct professor of organizational leadership at Columbia University sir thank you very much -- wrong here let me hand you might."

" My back here -- guys who dropped that pretty frightening numbers are principally can jump in the am -- wrong when I know you've got the numbers the frightening thing is is you've got the unemployment rate which is. Spoke to -- nine point two is the administration suggest we're ten point two -- it. Not only that you've got 300000. Dollars per save job created job anyway you want a measure. At the best as the government identifies it. 300000 dollars when you've got some people making 50000 dollars you -- six or seven of them to work for the cost of one single job we're not we're not. That efficient we're not Orkut is and now all of hearing is more stimulus we may need yet another stimulus package what we've spent a 194 and -- billion dollars of the 787. Billion so far we haven't spent a very well now we can not only very well we haven't been very much but we're still bloat it. And then they're talking about -- every march we get till march they want -- segments -- most what does that mean it is all as says it's been said before Astroturf is all fabricated. Or four or created. Well in the system it's not wealth for the individual to welcome the system which goes away once they stop stimulating if you go to recovery dot gov you see it -- the United States. If you click on any state. It opens up that state in literally thousands and thousands of programs either to grant. Alone. Another program get away Eric it's a giveaway but here's the question. We are -- jobs but jobs are being created where fifteen point seven million people out of -- they're cannibalizing small businesses and that's the big -- small business owner. Cannibalizing those in an effort to sit there and put what put in construction jobs out on building bridges and building roads. In -- they're opening towns and creating small business opportunities there. These are jobs that are not investments they're sunk costs that will go away. And therein lies the biggest challenge -- just throw us out here I read this I couldn't believe it recovery dot gov again the government of Guam. He's going to get eighty million dollar and 88 million dollar award. Created know it -- how many jobs are created. -- Jump what are we doing they're not. So it costs what was the difference -- not investments and investment says it's going to drive revenue. Building a bridge doesn't drive revenue will put somebody to work for season and you've been identified over -- that -- number of jobs that are 27%. If you really look at the total amount underemployed or unemployed. Those jobs are temporary or unemployed were not. Not even providing long term opportunities for people to be employed hundreds of Stockholm where 203 points in the stock market today did not -- been doing just fine how was that -- that he will be investing between now next Tuesday and not only that they're investing -- assets that are going up in value. Because they're borrowing at 0% interest rate large discussion item there but the reality of it is is it's overseas it's not gonna be here they're betting on inflation -- talk to me a little bit about Fannie and Freddie they need twenty billion dollars more monies are the people who -- all most of good portion of the loans home loans. In America want -- well this is that this is big government non government entity this is where they say. Where did they run the free market but they don't now they're looking for a backstop the problem without talk about moral hazard the idea that we continue to fund them they blow it. We fund them they blow what they want more to be able to keep sustained we're not sustaining those small businesses that should be -- we're sustaining those things that fail. Large institutional government quasi governmental organizations that can't function Howell. Can Wall Street -- at Goldman Sachs Morgan Stanley JPMorgan Chase gonna pay thirty. Billion dollars in bonuses not -- in money bonus money how can he do that well the -- that -- the troubling part of it is is they've got bailout components here. And that's the challenge if -- free market and they were really like A-Rod. He's worth it to somebody somebody's willing to bet it's a different issue in my view of things the premarket runs this is not a free market -- they got backstop they can't fail the government protects them. Now when they have the -- side we don't get it -- shareholders. The government doesn't get it we don't get a -- they give it to those that are receiving bonuses there and that's the problem is they got the bailout -- how to feel professor. I'm a little bit nervous about small businesses are united in fainter and now I'm not backtracked after bad -- there. That day about their Columbia University negativity it."