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Showing posts with label economic recovery games. Show all posts
Showing posts with label economic recovery games. Show all posts
Monday, November 29, 2010
Saturday, November 27, 2010
Tuesday, October 5, 2010
DEM GOV CANDIDATE STUMPED ON HOW TO CREATE A JOB
Dick Blumenthal of Connecticut is the poor lost Democrat. And Linda McMahon is the one who knows something about jobs and the marketplace.
h/t: Breitbart TV
h/t: Breitbart TV
Saturday, July 3, 2010
Friday, June 18, 2010
Sunday, January 31, 2010
Vocational Recovery as Part of Recovery from a Life of Crime
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I discussed this issue with my friend, Adam W who is a member of A A. He had some advise that falls outside the president's area of expertise. He said that many new AA members have this problem. It's not uncommon for a newcomer to have a recent arrest and maybe even a long string of convictions and jail sentences. Many of them successfully deal with the problem by either working for guys they meet at meetings and come to trust or by starting small businesses themselves. House painting, gardening, pool service and construction day worker are some of the most common vocational choices. As they become established and achieve some financial security a move can be made into more traditional pathways. But it requires commitment and willingness to start at the very bottom and work hard.
Attendance at meetings opens up opportunities to make contacts or receive guidance from others who have been through the same thing. And if the ex-felon addict is not willing to spend a lot of time at meetings or some kind of rehab activity they might as well get ready for that next trip to jail. This is an area where government is not on your side. So you have to be on your own side and seek out sympathetic individuals who will be of help.
Adam also shared some info about the early history and organizational struggles of AA that might give some insight into the Tea Party movement. Maybe I will be able to write about that at some future date.
I discussed this issue with my friend, Adam W who is a member of A A. He had some advise that falls outside the president's area of expertise. He said that many new AA members have this problem. It's not uncommon for a newcomer to have a recent arrest and maybe even a long string of convictions and jail sentences. Many of them successfully deal with the problem by either working for guys they meet at meetings and come to trust or by starting small businesses themselves. House painting, gardening, pool service and construction day worker are some of the most common vocational choices. As they become established and achieve some financial security a move can be made into more traditional pathways. But it requires commitment and willingness to start at the very bottom and work hard.
Attendance at meetings opens up opportunities to make contacts or receive guidance from others who have been through the same thing. And if the ex-felon addict is not willing to spend a lot of time at meetings or some kind of rehab activity they might as well get ready for that next trip to jail. This is an area where government is not on your side. So you have to be on your own side and seek out sympathetic individuals who will be of help.
Adam also shared some info about the early history and organizational struggles of AA that might give some insight into the Tea Party movement. Maybe I will be able to write about that at some future date.
Tuesday, January 12, 2010
Who Does the Government Classify as Unemployed and When Will Unemployment Brgin to Decline?
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Wednesday, June 10, 2009
Friday, May 1, 2009
Obama Pays Off A Union With Taxpayer Money And Jobs
Barack Obama owes the unions big time for the money and volunteers they marshaled in the election. And he is now paying them back with our money. Does that make Barack and the unions thieves? Could be. The latest gift to the unions is the Chrysler bailout. The union and Obama’s federal government with their GM stock get most of the equity and profits and the private bond holders get screwed. Normally (if financial genius Barack Obama weren’t president) the bond holders would be taken care of before stock holders would be given a share. I guess the main lesson is to minutely examine the political landscape before investing. It might even pay to listen to Rush. But mainly this kind of action from the government will cause invertors to quit investing, increase the drying up of credit and cause lots more unemployment. If you’re unemployed just remember that it’s partly so some $45 an hour UAW worker can own a failed company and continue to manufacture crap that no one will buy. And assuredly more than one normal worker will remain unemployed for every auto worker made rich. And all because the auto guy’s union boss gave millions to Barack.
Below I quote verbatim two paragraphs from Powerline because they nail the sad situation.
The Chrysler reorganization is shaping up as another milestone in the decline of the rule of law under Barack Obama. We've said for quite a while that bankruptcy is the only viable option for Chrysler and General Motors, not--as Obama claims--because they don't know how to make the right kinds of vehicles, but because their unsustainable union contracts make it impossible for them to be profitable. That reality has now been turned on its head, as the administration has tried to bully Chrysler's secured creditors into going away, while the United Auto Workers Union, solely on the basis of political clout, would be paid at an implied rate of 50 percent and would emerge owning 55 percent of the company, with the government also holding a stake.
This is banana republic capitalism at its worst. Political influence, rather than the law, dictates the rights of the parties. When some of the secured creditors refused to be intimidated, Obama libeled them in the press, saying, outrageously, "I don't stand with those who held out when everyone else is making sacrifices." Actually, under Obama's plan the politically favored parties, principally the UAW, will benefit--will steal money, to put it crudely--from the parties who held out. Those parties call themselves the "non-TARP lenders."
Below I quote verbatim two paragraphs from Powerline because they nail the sad situation.
The Chrysler reorganization is shaping up as another milestone in the decline of the rule of law under Barack Obama. We've said for quite a while that bankruptcy is the only viable option for Chrysler and General Motors, not--as Obama claims--because they don't know how to make the right kinds of vehicles, but because their unsustainable union contracts make it impossible for them to be profitable. That reality has now been turned on its head, as the administration has tried to bully Chrysler's secured creditors into going away, while the United Auto Workers Union, solely on the basis of political clout, would be paid at an implied rate of 50 percent and would emerge owning 55 percent of the company, with the government also holding a stake.
This is banana republic capitalism at its worst. Political influence, rather than the law, dictates the rights of the parties. When some of the secured creditors refused to be intimidated, Obama libeled them in the press, saying, outrageously, "I don't stand with those who held out when everyone else is making sacrifices." Actually, under Obama's plan the politically favored parties, principally the UAW, will benefit--will steal money, to put it crudely--from the parties who held out. Those parties call themselves the "non-TARP lenders."
Friday, April 24, 2009
Tuesday, April 21, 2009
Friday, April 10, 2009
Saturday, April 4, 2009
Transparency Update
ANOTHER REVEALING FRIDAY NIGHT DOCUMENT DROP***********************
This is from Bloomberg:
"Lawrence Summers, director of President Barack Obama’s National Economic Council, earned millions working at a hedge fund and speaking to banks such as Citigroup Inc. that later received taxpayer bailout money.
"Hedge fund D.E. Shaw & Co. paid Summers more than $5 million in salary and other compensation in the past 16 months, according to a financial disclosure form released by the White House yesterday. Summers served as a managing director at the New York-based firm. Summers, a former Treasury secretary, also earned more than $2.7 million in speaking fees.
"“There was considerable interest in hearing his economic insights,” said Ben LaBolt, a White House spokesman. At the White House, Summers “has been at the forefront of this administration’s work to shore up our nation’s financial system and to put in place a regulatory framework that will strengthen the financial system,” LaBolt said.
"The disclosure statement for Summers and several other top administration officials illustrates the quandary Obama and his predecessors have faced in their personnel decisions because “powerful people are almost always also rich people” who have earned money from private interests, said Steffen Schmidt, a political science professor at Iowa State University in Ames, Iowa.
"Obama’s “choice going forward is to choose unknowns of modest means who may be less controversial in terms of their connections,” Schmidt said. “Except those people would be far less knowledgeable and thus less of an asset to fix these very same urgent problems.”"
ht/Hot Air
This is from Bloomberg:
"Lawrence Summers, director of President Barack Obama’s National Economic Council, earned millions working at a hedge fund and speaking to banks such as Citigroup Inc. that later received taxpayer bailout money.
"Hedge fund D.E. Shaw & Co. paid Summers more than $5 million in salary and other compensation in the past 16 months, according to a financial disclosure form released by the White House yesterday. Summers served as a managing director at the New York-based firm. Summers, a former Treasury secretary, also earned more than $2.7 million in speaking fees.
"“There was considerable interest in hearing his economic insights,” said Ben LaBolt, a White House spokesman. At the White House, Summers “has been at the forefront of this administration’s work to shore up our nation’s financial system and to put in place a regulatory framework that will strengthen the financial system,” LaBolt said.
"The disclosure statement for Summers and several other top administration officials illustrates the quandary Obama and his predecessors have faced in their personnel decisions because “powerful people are almost always also rich people” who have earned money from private interests, said Steffen Schmidt, a political science professor at Iowa State University in Ames, Iowa.
"Obama’s “choice going forward is to choose unknowns of modest means who may be less controversial in terms of their connections,” Schmidt said. “Except those people would be far less knowledgeable and thus less of an asset to fix these very same urgent problems.”"
ht/Hot Air
Thursday, April 2, 2009
Penn Jillette on Borrowing
This is from a CNN op-ed piece, exactly as Patterico quoted it:
Obama tells us that we can spend our way out of debt. He tells us that even though the government had control over the banks and did nothing to stop the bad that’s going on, if we give them more control over more other bank-like things, then they can make sure bad stuff doesn’t happen ever again. He says we can get out of all those big wars President Bush caused by sending more troops into Afghanistan. And I don’t know. I really don’t know.
I trusted my Dad that turning into a skid would work. I trusted my carny mentor, Doc Swan, that closing my mouth around a burning torch would put it out. They were right. Maybe the United States borrowing more money than I could imagine in a billion years with a billion computers and a billion monkeys typing on them, will get us out of financial trouble. I really don’t know. It’s certainly true that many counterintuitive things are true, and when you have the guts to do something counterintuitive that works, it’s really cool. It’s a superpower under our yellow sun.
But there are some things that are just intuitive. Did you know, that if you’re going 100 mph, directly at a very, very thick, reinforced concrete wall, and you speed up, so you’re accelerating right when you hit the wall that the accident you have is going to be much worse than if you’d jammed on the brakes as soon as you saw the wall at the end of the street? Did you know that? It’s exactly what everything you know and feel would tell you, and it’s exactly true. Most times when you’re driving, or playing with fire, or handling money, the thing that makes sense to you is also true.
I way hope we’re turning into a skid and not accelerating into a concrete wall.
Obama tells us that we can spend our way out of debt. He tells us that even though the government had control over the banks and did nothing to stop the bad that’s going on, if we give them more control over more other bank-like things, then they can make sure bad stuff doesn’t happen ever again. He says we can get out of all those big wars President Bush caused by sending more troops into Afghanistan. And I don’t know. I really don’t know.
I trusted my Dad that turning into a skid would work. I trusted my carny mentor, Doc Swan, that closing my mouth around a burning torch would put it out. They were right. Maybe the United States borrowing more money than I could imagine in a billion years with a billion computers and a billion monkeys typing on them, will get us out of financial trouble. I really don’t know. It’s certainly true that many counterintuitive things are true, and when you have the guts to do something counterintuitive that works, it’s really cool. It’s a superpower under our yellow sun.
But there are some things that are just intuitive. Did you know, that if you’re going 100 mph, directly at a very, very thick, reinforced concrete wall, and you speed up, so you’re accelerating right when you hit the wall that the accident you have is going to be much worse than if you’d jammed on the brakes as soon as you saw the wall at the end of the street? Did you know that? It’s exactly what everything you know and feel would tell you, and it’s exactly true. Most times when you’re driving, or playing with fire, or handling money, the thing that makes sense to you is also true.
I way hope we’re turning into a skid and not accelerating into a concrete wall.
Monday, March 16, 2009
Saturday, March 14, 2009
More Steyn
From NRO:
Just between you, me, and the old, the late middle-aged, and the early middle-aged: Isn’t it terrific to be able to stick it to the young? I mean, imagine how bad all this economic-type stuff would be if our kids and grandkids hadn’t offered to pick up the tab.
Well, okay, they didn’t exactly “offer” but they did stand around behind Barack Obama at all those campaign rallies helping him look dynamic and telegenic and earnestly chanting hopey-hopey-changey-changey. And “Yes, we can!”
Which is a pretty open-ended commitment.
Are you sure you young folks will be able to pay off this massive Mount Spendmore of multi-trillion-dollar debts we’ve piled up on you?
“Yes, we can!”
Just between you, me, and the old, the late middle-aged, and the early middle-aged: Isn’t it terrific to be able to stick it to the young? I mean, imagine how bad all this economic-type stuff would be if our kids and grandkids hadn’t offered to pick up the tab.
Well, okay, they didn’t exactly “offer” but they did stand around behind Barack Obama at all those campaign rallies helping him look dynamic and telegenic and earnestly chanting hopey-hopey-changey-changey. And “Yes, we can!”
Which is a pretty open-ended commitment.
Are you sure you young folks will be able to pay off this massive Mount Spendmore of multi-trillion-dollar debts we’ve piled up on you?
“Yes, we can!”
Wednesday, March 11, 2009
More Analysis of the 'Stimulus' Bill
I am extremely bothered by the dishonesty of saying it is a stimulus bill when there were vast areas in the bill that deal with unrelated topics, such as the electronic collection of medical data and the board that will give doctors gratuitous feedback about their treatment decisions. How can a representative democracy work if I know an elected official has no compunction about lying to me?
I am very bothered that so massive a piece of legislation would be passed with next to no public discussion. NOBODY EVEN KNEW WHAT WAS IN THE BILL. And it was repeatedly said that there is no time for discussion because the crisis is so dire. If the crisis is so dire an honest man will only use such an argument to enact measures that deal directly and immediately with the crisis. And, now, Treasury Sec. Geithner seems to feel there is no great rush to implement this 'emergency' bill. There doesn't even seem to be any rush about filling senior positions in the Treasury Dept. even though we would need such to deal with a financial crisis, if the administration even believes there is a crisis. Especially since some of the cited behaviors would point away from any sense of urgency in the executive branch.
A basic tenet of our system of government is that the consent of the governed is the basis of power. Enactment of nonemergency measures without the public knowing they are in the process of being enacted and the public being forbidden to discuss them before they become law totally breaks the link between power and the consent of the governed. You can't pull stuff like this without it having an effect on public trust and we’re royally screwed if the public loses trust in the government.
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Above is a comment I made on another blog. I have edited and improved it.
The blog in question is Betsy's Page. It is a great site since many commenters from both sides congregate there. And some of those on the left are quick witted and intelligent. I feel that my mind and arguments are improved by the wider and wilder discussion. Echo chambers with only slight divergences of opinion have a place. But the more broadly attended exchanges are essential for mental health and good for the republic. Another site where I have run into this kind of thing lately is Reflections From A Murky Pond.
I am very bothered that so massive a piece of legislation would be passed with next to no public discussion. NOBODY EVEN KNEW WHAT WAS IN THE BILL. And it was repeatedly said that there is no time for discussion because the crisis is so dire. If the crisis is so dire an honest man will only use such an argument to enact measures that deal directly and immediately with the crisis. And, now, Treasury Sec. Geithner seems to feel there is no great rush to implement this 'emergency' bill. There doesn't even seem to be any rush about filling senior positions in the Treasury Dept. even though we would need such to deal with a financial crisis, if the administration even believes there is a crisis. Especially since some of the cited behaviors would point away from any sense of urgency in the executive branch.
A basic tenet of our system of government is that the consent of the governed is the basis of power. Enactment of nonemergency measures without the public knowing they are in the process of being enacted and the public being forbidden to discuss them before they become law totally breaks the link between power and the consent of the governed. You can't pull stuff like this without it having an effect on public trust and we’re royally screwed if the public loses trust in the government.
================================================================================
Above is a comment I made on another blog. I have edited and improved it.
The blog in question is Betsy's Page. It is a great site since many commenters from both sides congregate there. And some of those on the left are quick witted and intelligent. I feel that my mind and arguments are improved by the wider and wilder discussion. Echo chambers with only slight divergences of opinion have a place. But the more broadly attended exchanges are essential for mental health and good for the republic. Another site where I have run into this kind of thing lately is Reflections From A Murky Pond.
Tuesday, March 10, 2009
kos kid Takes on Oil Industry and their Rag, the Picayune
Crashing Vos at dKos seems angry that the petroleum industry would claim they create jobs. He also seems steamed that they would go into a public forum and share the information. Relevant quote: “God, these guys never give it a rest. And living in the town with Louisiana's biggest-circulation paper, I get it shoved in my face with the morning coffee.
“Last Sunday, the Times-Pic's Money section was trumpeting the American Energy Alliance's "report" (read "fantasy") that opening the Outer Continental Shelf would create 36 million jobs over 30 years. . . . . . oil state rags like the Picayune offer a platform from the Petro Association's whines”
Much of the post deals with oil company royalties and taxes. But, as for the job creation claims of the oil companies, CV has no evidence or argument against them (unless calling it a ‘fantasy‘ has been upgraded from ad hominem attack to real life argument) . I just have a feeling he hates the petroleum companies and does not want them given a hearing. I wouldn’t know Crushing Vos from an oil sump so I’m only guessing here but I bet he would see ACORN and their cronies as a more valid long term employment growth sector for the federal government to stimulate.
“Last Sunday, the Times-Pic's Money section was trumpeting the American Energy Alliance's "report" (read "fantasy") that opening the Outer Continental Shelf would create 36 million jobs over 30 years. . . . . . oil state rags like the Picayune offer a platform from the Petro Association's whines”
Much of the post deals with oil company royalties and taxes. But, as for the job creation claims of the oil companies, CV has no evidence or argument against them (unless calling it a ‘fantasy‘ has been upgraded from ad hominem attack to real life argument) . I just have a feeling he hates the petroleum companies and does not want them given a hearing. I wouldn’t know Crushing Vos from an oil sump so I’m only guessing here but I bet he would see ACORN and their cronies as a more valid long term employment growth sector for the federal government to stimulate.
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