Monday, June 21, 2010

Odds and Ends

Economic Experts

I’ve said this a couple of times. My most serious rant on this was on one of the 2Political Podcasts. I was reminded of my annoyance with the economic experts on Friday. There was an article in the Washington Post (sorry lost the link) where the “economic experts” were talking about first time claims for unemployment. They were surprised at how high they were. They thought they would be 20,000 fewer claims.

Lately these guys (and who exactly are these experts anyway) seem to be surprised at just about everything going on in the economy. This number was too low or this number should have been higher. The more I read about these so called “experts” the more I feel like they aren’t experts at all.

Now is forecasting the economy an exact science? Of course not. But then again these are supposed to the “experts” and it seems to me they should be surprised a little less often than they are these days.

When in the Middle of a Crisis go to a Yacht Race

Once again BP and Tony Hayward shows a tin ear for just about everything associated with the oil spill.

This one doesn’t exactly take the cake. But it seems someone might have said something to Mr. Hayward about this. That his first day away from the oil crisis might be spent on something other than a yacht race.

Hayward took Saturday off to see his 52-foot yacht “Bob” compete in a race around the Isle of Wight off southern England. It was a good day for sailing - breezy and about 68 degrees - but anger simmered on the steamy Gulf Coast, where crude oil is still gushing from a blown-out well.

Similar criticism was leveled against President Obama for golfing with Vice-President Biden. But to me it’s not exactly the same. BP has just been horrible in trying to show that they care about what's going on (remember the small people comment although in fairness I think that was more of a language problem) where Obama and Biden have not been.

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