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alstry (35.64)

HEADLINE VS. REALITY

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May 07, 2009 – Comments (8)

HEADLINE

 Pentagon to create 20,000 jobs to manage arms buys

 

REALITY:

WASHINGTON (Reuters) – President Barack Obama's Defense Department plans to create 20,000 new government jobs to help revise how it buys more than $100 billion of weapons each year, the Pentagon's No. 2 official told Congress.

The Pentagon also plans to tie contract fees more closely to performance and make deals spanning two years, or more, only when "real, substantial" savings result to taxpayers, Deputy Defense Secretary William Lynn told the House of Representatives Armed Services Committee on Wednesday.

Lynn said the planned jobs growth would take place over the next five years. Included would be more than 9,000 positions at two Pentagon agencies that audit and manage contracts for everything from bullets, to bombs, to bread rolls.

The remaining 11,000 new hires would come from the conversion to federal civilian slots of jobs that had been outsourced to contractors.

"This unprecedented, five-year planned workforce initiative will result in a properly sized, well-trained, capable and ethical workforce," he said.

Lynn and Shay Assad, acting deputy undersecretary of defense for acquisition, said bringing more work in-house would cost less than relying on contractors over the long run.

The current workforce is made up of 127,000 government employees and 52,000 contractors for a total of 179,000, said Chris Isleib, a Pentagon spokesman.

"We are going to 147,000 and 41,000 contractors for a new total integrated workforce of 188,000," he said in an emailed reply to Reuters.

http://news.yahoo.com/s/nm/20090506/pl_nm/us_arms_pentagon

hmmmm.   Add 20,000 and subtract 11,000 = 9,000 over 5 years.........now that is a BIG stimulous.

 

8 Comments – Post Your Own

#1) On May 07, 2009 at 8:37 AM, alstry (35.64) wrote:

There goes over 20% of the "new" jobs...

DuPont to cut 2,000 jobs in restructuring

plus

US weekly initial jobless claims 601K  

WHOOPS......we are still falling further and further behind...

MORE MISLEADING HEADLINES FROM THE AP:

Retailers report smaller sales declines in April

Stores post smaller sales declines in April as shoppers feel a little better about the economy

NEW YORK (AP) -- Consumers enticed by warmer weather and glimmers of hope for the economy bought a few more items in April, helping to lift sales results at established stores....

HOW ABOUT THE FACT THAT EASTER WAS IN APRIL THIS YEAR YET..............

J.C. Penny April same-store sales down 6.6%

Kohl's April same-store sales down 6.2%

Nordstrom April same-store sales down 10.8%

Macy's same store salls fall 9.1% in April

BJ's April sales fall

Dillard's same-store sales down 6% in April

And the beat goes on and on and on.............

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#2) On May 07, 2009 at 9:10 AM, farmnut1985 (35.34) wrote:

Alstry, I enjoy your articles even though I may not always fully agree with you, but you make arguing with you hard for the fact that you back it up with solid numbers. 

MSNBC this morning had a guy on there claiming that macys and other higher dollar clothing are good investments since a year from now we will be out of this mess and the American people will be spending as before leveraging themselves.  When asked why he thought this would happen, he replied, "the American people have a short memory."  I sure hope he's wrong and hope people have learned a thing or two about living within ones means.

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#3) On May 07, 2009 at 9:14 AM, alstry (35.64) wrote:

farm,

Be patient....you will "fully" agree with me soon.

Just wait for tommorrow's unemployment numbers......you might be shocked.

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#4) On May 07, 2009 at 10:06 AM, 4everlost (29.55) wrote:

The other aspect of this announcement is the creation of new gubment jobs.  188,000 b'cats to monitor contracts?  How does this impact anything positively?  In fact, they are converting contractor (private) jobs to public jobs.  This is another example of the gov's power grab philosophy. 

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#5) On May 07, 2009 at 10:33 AM, SolarisKing (21.73) wrote:

How about this little number.

20,000 jobs x 50,000 average wage = 1,000,000,000

And where will these folks work? they will need some new buildings.

20,000 workers / 100 per building = 200 new or remodeled buidings @ average cost 2 million = 400,000,000

Approximate total 1.4 billion

 ***********

or, since we know that the gvt always bloats a big project...

30,000 x 75,000 = 2,250,000,000

Or bloat that 30,000 / 100 = 300 x 3,000,000 = 900,000,000

Total 3.15 billion 

 ***************

Approximate average cost of project = 1.4 bil = 3.15 bil / 2 = 2.3 billion.

So either they were losing MORE THAN 2.3% every year, or the whole thing is a wash, if not a loss. Still leaving loopholes for the same thieves to get the same money. The irony is that there are already laws in place to administer this money, and nobody enforces the laws.

Yes i know those number are out of thin air.

 

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#6) On May 07, 2009 at 10:39 AM, alstry (35.64) wrote:

Solaris... 

Also....you seemingly have very little appreciation for the size of the Pentagon and how many people it can absorb.....nor are you clear on the extent of office vacancies in the DC, MD, and VA area right now.

How is that for taking a bit of air out of the balloon.

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#7) On May 07, 2009 at 11:51 AM, mliu01 (< 20) wrote:

Alstry, did you watch cnbs this morning?

 I thought retailers did Great listen to them. WTF. All those guys are whores. sold their soul for money.

 With the real whores, you get what you  paid for. With those cnbs whores you can only lose.

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#8) On May 07, 2009 at 12:01 PM, alstry (35.64) wrote:

I did watch Spitzer and thought what he had to say was dead  on......

Despite his behavior which I truly think is a horrible error in judgment and character....at least he chose an attractive woman.

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