Spain announced Friday its jobless rate surged to a 13-year record above 20 percent at the end of 2010, the highest level in the industrialized world, as the economy struggled for air.
It was more bad news for an economy fighting to regain the trust of financial markets and avoid being trapped in a debt quagmire that has engulfed Greece and Ireland and now menaces Portugal.
Another 121,900 people joined Spain’s unemployment queues in the final quarter of the year, pushing the total to 4.697 million people, said the national statistics institute INE.
The resulting unemployment rate was 20.33 percent for the end of the year — easily exceeding Prime Minister Jose Luis Rodriguez Zapatero’s target of 19.4 percent.
Spain appears to be stuck in a rut of staggeringly high levels of unemployment.
After posting a jobless rate of 18.83 percent in 2009 and now 20.33 percent in 2010, the government is forecasting 19.3 percent for 2011 and 17.5 percent in 2012.
The Spanish economy, the European Union’s fifth biggest, slumped into recession during the second half of 2008 as the global financial meltdown compounded the collapse of a labour-intensive construction boom
It emerged with tepid growth of just 0.1 percent in the first quarter of 2010 and 0.2 percent in the second but then stalled with zero growth in the third.
Zapatero has said the fourth quarter will show positive growth which would pick up steam in 2011 but he warned that job creation would be “far from what we need and desire. It will be slow and progressive.”
Remember that Spain elected Jose Luis Rodriguez Zapatero in April 2004, who is a member of the Spanish Socialist Workers’ Party, which is very similar in policy to Barack Obama and the Democrats. Let’s see what has happened in Spain. (H/T Spain Economy Watch)
Unemployment:
Spain Unemployment Rate
Private sector employment:
Spain Employment - Private Sector
Public sector employment:
Spain Employment - Public Sector
So what do we learn from this?
Well, the public sector doesn’t really sell any products or services, so they don’t really have any customers to please, nor do they have any revenue. They exist by confiscating the wealth of other people (in the private sector) who do have products and services to sell, and do have customers to please. The governments job is to HELP the people in the private sector and not to raise their taxes, or control them, or get in their way except to make sure that they compete fairly and honestly with other people in the private sector. When government oversteps their bounds by raising taxes too high and spending too much, they stop acting like a REFEREE and start acting more like a PARASITE.
You’ll note that Obama is also spending trillions of dollars on government boondoggles – and where is our unemployment rate now?
Republican Congressman Paul Davis Ryan has represented Wisconsin’s first House district since 1999, and in his sixth term he began to emerge as the new face of the Republican Party. Despite the heavily Democratic demographic of his home district, Ryan ran as a conservative in 1998 and won, beating the Democratic favorite by 15 percentage points. Before running for Congress, Ryan worked for several conservatives, including Sen. Sam Brownback and former housing secretary Jack Kemp. In 2009, Ryan offered conservative alternatives to both the 2010 Democratic Budget and Obama’s health care reform plan.
Early Life:
Paul Ryan was born Jan. 29, 1970 in Janesville, Rock County, Wisc., the youngest of Paul Sr. and Betty Ryan’s four children. He was raised Catholic. Sharing the same first name as his father, Ryan’s childhood nickname was “P.D.” Ryan attended Joseph A. Craig High School, and between his sophomore and junior year, his father died (Ryan was just 16). His father’s death provided Ryan with Social Security benefits until his 18th birthday, which he used to pay for his education at Miami University of Ohio. Ryan, a member of the Delta Tau Delta fraternity, graduated in 1992 with a degree in economics and political science.
Congressional Races:
When Republican House Rep. Mike Neumann announced he was running for Senate, Ryan decided to run for Wisconsin’s first House District, which Neumann was vacating. Although the district is predominantly Democratic, Ryan, a conservative Republican, was also a home-grown fifth-generation resident of Janesville. Ryan first faced 35-year-old beer distributor Brian Morello in the Republican primary and after beating him went on to a 15-point victory over Democrat Lydia Spottswood in the general election. For the next four races, Ryan would defeat Democrat Jeffrey C. Thomas. In 2008, he defeated Democrat Marge Krupp.
Work as Congressman:
One of the first things Ryan did as a Congressman was to convert an old truck into an office so he could hold office hours in the far reaches of his district. As a ranking Member of the Committee on the Budget, Ryan introduced HR 6110, “A Roadmap for America’s Future” a comprehensive proposal that tackles the interrelated crises in health care, Medicare, Medicaid, Social Security, the tax code and the national deficit. In 2009, he joined other House leaders in introducing an alternative to President Barack Obama’s budget proposal for 2010.
Family:
Spending a large amount of his time serving his constituents in Washington, Ryan met tax attorney Janna Little, who lived in Arlington, Va. An Oklahoma native, Little graduated from Wellesley College and George Washington University Law School. In 2000, Ryan asked Little to marry him at Big St. Germain Lake in northern Wisconsin, one of his favorite fishing spots. The couple was married in Oklahoma City in December 2000. They have one daughter, Elizabeth and two sons, Charles and Samuel, in Janesville.
Ryan on Five Major Issues:
Abortion: Has a 100 percent voting record with the National Right to Life Committee. Voted against allowing embryonic stem cell research. Voted against the transportation of minors across state lines for abortions. Voted against partial birth abortions except to save a mother’s life.
Immigration: Voted in favor of building a fence along the Mexican border. Voted in favor of extending Immigrant Residency rules. Voted in favor of comprehensive immigration reform without amnesty.
Civil Rights: Voted in favor of prohibiting job discrimination based on sexual orientation. Voted to protect the pledge of allegiance. Has expressed support for an amendment to ban flag desecration.
Families: Voted to ban gay adoptions in Washington. Voted to constitutionally define marriage as between one man and one woman. Voted to reduce the Marriage Tax by $399 billion over 10 years. Voted to establish a nationwide AMBER alert system for missing children.
Gun Control: Has an “A” rating by the National Rifle Association. In 1999, he voted to decrease gun waiting periods from three days to one. Voted to prevent gun makers, gun manufacturers and gun sellers from being sued for gun misuse.
Elected in 2006, Congresswoman Michele Bachmann is the first Republican woman to be elected to the U.S. House of Representatives from Minnesota. In only her first term, Congresswoman Bachmann developed a reputation as a “principled reformer” who stays true to her conservative beliefs while pushing for real reform of the broken ways of Washington. And, her strong advocacy for her constituents earned her a second term in Congress in November 2008.
She is a leading advocate for bipartisan earmark reform and tax relief and is a staunch opponent of wasteful government spending. She is among the leaders in the U.S. House pushing for increased energy exploration in the U.S. to provide much needed relief at the pump for hard-working Americans and put our nation on the path to energy independence.
Prior to serving in the U.S. Congress, Bachmann served in the Minnesota State Senate. She was elected to the Minnesota State Senate in 2000 where she championed the Taxpayers Bill of Rights. And, prior to that, Bachmann spent five years as a federal tax litigation attorney, working on hundreds of civil and criminal cases. That experience solidified Bachmann’s strong support for efforts to simplify the Tax Code and reduce tax burdens on family and small business budgets.
Congresswoman Bachmann currently sits on the Financial Services Committee. This committee is tasked with the oversight of numerous financial sectors including housing, real estate and banking. This also gives the Congresswoman keen insight into the housing crisis and credit crunch, leading her to be a staunch opponent of the taxpayer-funded bailout of Wall Street. The 6th Congressional District of Minnesota contains parts of six counties, stretching from Stillwater past St. Cloud, including suburbs of the Twin Cities, which encompasses one of the nation’s largest financial services sectors, making Congresswoman Bachmann’s position on the Financial Services Committee particularly important.
Congresswoman Bachmann is a graduate of Anoka High School and Winona State University. Bachmann and her husband, Marcus, live in Stillwater where they own a small business mental health care practice that employs 42 people. The Bachmanns have five children, Lucas, Harrison, Elisa, Caroline, and Sophia. In addition, the Bachmanns have opened their home to 23 foster children, which has inspired Congresswoman Bachmann to become one of Congress’ leading advocates for foster and adopted children, earning her bipartisan praise for her efforts.
Here is a collection of news stories about Representative Michele Bachmann:
WINTERY KNIGHT 