POLITICAL: Too big to fail doesn’t appy to nations?

Wednesday, July 7, 2010

http://libertyslifeline.com/2010/06/28/the-regulators-are-dead-long-live-the-regulators/

The Regulators are Dead, Long Live the Regulators
Jun 28, 2010
2010 Election, Bailouts, Economy, Fiscal Crisis, Liberty, Obama, Politics, Taxes

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Senator Chris Dodd and Representative Barney Frank were at the heart of the financial debacle, claiming that Fannie Mae and Freddie Mac were in sound financial shape. Meanwhile Senator Dodd was getting a sweetheart mortgage from Countrywide as a “Friend of Angelo” Mozillo, the CEO of Countrywide. Now we are to believe that Senator Dodd and Representative Frank have ridden to the rescue and have crafted the solution we have all been waiting for, just don’t ask about Fannie and Freddie, they aren’t included in this master work.

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“Too big to fail” means too big to permit to exist.

In the real world of nature, there’s a limit on growth and size. Bee colonies split. Poor people emigrate. You can only grow so big.

Common problem for publicly traded companies is they can’t grow at a rate sufficient to command a premium multiple in the stock market.

So the problem is yet unaddressed.

Some ideas might be an arbitrary limit on a company’s balance sheet. A “too big company” might be subject to tighter financial regulation, an insurance tax, or even an absolute limit.

Without the gooferment, in the real world, the huge enterprises couldn’t exist. Logistics don’t scale. Competitors emerge.

It’s sad!

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RANT: The oil spill and “bigger fish to fry”

Tuesday, July 6, 2010

http://online.wsj.com/article/SB10001424052748703426004575339650877298556.html?mod=WSJ_hpp_sections_opinion

* OPINION
* JULY 2, 2010

Why Is the Gulf Cleanup So Slow?
There are obvious actions to speed things up, but the government oddly resists taking them.
By PAUL H. RUBIN

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As the oil spill continues and the cleanup lags, we must begin to ask difficult and uncomfortable questions. There does not seem to be much that anyone can do to stop the spill except dig a relief well, not due until August. But the cleanup is a different story. The press and Internet are full of straightforward suggestions for easy ways of improving the cleanup, but the federal government is resisting these remedies.

*** and ***

One possibility is sheer incompetence.

*** and ***

Another possibility is that the administration places a higher priority on interests other than

*** and ***

Finally there is the most pessimistic explanation—that the oil spill may be viewed as an opportunity, the way White House Chief of Staff Rahm Emanuel said back in February 2009, “You never want a serious crisis to go to waste.”

*** end quote ***

Oh come on now, you couldn’t possibly believe that BHO44 wants to use the spill for political purposes?

I do!

Argh!

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SERVICE: VERIZONWIRELESS BACKUPASSISTANT NOTRECOMMENDED

Tuesday, July 6, 2010

VERIZONWIRELESS BACKUPASSISTANT is supposed to backup my contacts from my cell phone.

The website has a last backup date of June 11, 2010; I changed some yesterday.

It’s NOT keeping a current backup.

Why?

For warned is fore armed!

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HARWARE: Rebooted MCBA

Tuesday, July 6, 2010

(MCBA — Mick Bahhh! — Mac Book Air)

In the fast task switch ALT-TAB, Firefox was missing from the applications.

I decided to reboot McBa to get it straightened out.

Argh!

Shades of Windoze.

I left Windoze to be free of reboots and corrupt data.

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GOVEROTRAGEOUS: The Gooferment doesn’t learn from history

Tuesday, July 6, 2010

http://opinion.financialpost.com/2010/06/25/lawrence-solomon-avertible-catastrophe/#ixzz0s9jeLCy7

Avertible catastrophe
Lawrence Solomon
June 25, 2010 – 9:06 pm
The BP oil-rig explosion. The U.S. turned down an offer of Dutch technology that might have reduced the spill’s impact.
How U.S. labour and ­environmental rules blocked Dutch spill-cleanup technology

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Then again, perhaps he should not be all that perplexed at the American tolerance for turning an accident into a catastrophe. When the Exxon Valdez oil tanker accident occurred off the coast of Alaska in 1989, a Dutch team with clean-up equipment flew in to Anchorage airport to offer their help. To their amazement, they were rebuffed and told to go home with their equipment. The Exxon Valdez became the biggest oil spill disaster in U.S. history — until the BP Gulf spill.

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It just proves that the Gooferment is stupid!

And, we are just a dumb for believing their illusions and promises.

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RANT: It’s always about the “something else”

Monday, July 5, 2010

http://thehill.com/business-a-lobbying/106887-health-law-risks-turning-away-sick

Health law risks turning away sick
By Julian Pecquet – 07/01/10 07:13 PM ET

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The Obama administration has not ruled out turning sick people away from an insurance program created by the new healthcare law to provide coverage for the uninsured.

Critics of the $5 billion high-risk pool program insist it will run out of money before Jan. 1, 2014. That’s when the program sunsets and health plans can no longer discriminate against people with pre-existing conditions.

*** and ***

“Along with that, we can work with the states to adjust their benefit structure, the deductibles, the co-pays, the overall plan structure to address some of those cost drivers, again to help the plan make it to 2014, when it will no longer be needed.”

In addition, Popper said, many people won’t be able to afford to participate in the program since premiums will range between about $140 and $900 a month, depending on applicants’ age and where they live. HHS estimates that at least 200,000 people will be in the program at any one time. To be eligible, applicants have to be citizens or nationals of the United States or be lawfully present; have a pre-existing medical condition; and have been uninsured for at least six months before applying for the high-risk pool plan.

*** and ***

If it looks like too many people are signing up — states will get monthly updates on how many people they can cover with the money they have left — there’s always the option of turning people down.

The bill “does give the secretary authority to limit enrollment in the plan … nationally or on a state-by-state basis,” Popper said. “So that is present, but at this point, we’re starting with no one in the plan as of today … so we don’t see that happening anytime soon.”

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One giant criticism of BHO44 and his Obamacare is that it had muddled objectives. Was it about “health”, “health care”, “health care insurance”, or something else. Us, tin foil hats, believe it’s the “something else”.

By not being specific about their objectives, they don’t have to be specific about their results. We, The People have allowed our elected representatives to get away with this muddled thinking. And, as such, we once again find ourselves faced with a confused mess. Argh!

I believe this is all about “control”. By centralizing one seventh of the economy, the politicians and bureaucrats are in control of our lives. By controlling “health care” and “health care insurance”, they control us.

Remember the three “laws” of political motivation: (1) reward your friends; (2) punish your enemies; and (3) feather your own nest. Clearly, this wins on all three fronts.

By controlling “health care” and “health care insurance”, they create a voting block. Look what Social Security and Medicare has done to create a “senior citizen” voting block for the Democratic Party. Look at Florida. Created by Social Security. That’s the power to reward yor friends — the incumbent politicians. Never mind the endless opportunities for graft, corruption and outright theft for the .

By controlling “health care” and “health care insurance”, they have won a war with the Catholic Church and Right To Life groups over abortion. The “sacrament” of the modern liberal feminist, enshrined by Roe v Wade, will now be fully funded to the abhorrence of Right To Life taxpaying advocates. That’s punishing your enemy — the Religious Right.

By controlling “health care” and “health care insurance”, they have created endless bureaucratic positions. Of course, to be filled by “them”, their friends ‘n’ family, and their supporters. And, created countless opportunities for lobbyists to fill their pockets as they create loopholes, exceptions, and prohibitions. That’s feathering, with some pretty comfortable feathers.

Silly Taxpayer, you didn’t think this was about anything as trivial as helping sick people now did you?

By pulling the Sheeple’s own wool over the Sheeple’s eyes, they are able to sheer the Sheeple some more.

See if the objective was “health”, “health care”, or “health care insurance”, then it would be relatively easy and cheap to address the issue. For “health”, address the root cause of poor health — we have to make it a national priority to find out what that was. (I’d say “gooferment skrules”, but that’s another story.) If it was “health care”, then perhaps better records, uniform forms, or — shocked hush — eliminating medical licensing. If it is was “health care insurance” slash cost, then we could change the tax law to make everyone their own subchapter S copr and make cost of earning a living deductible to all. If it is was “health care insurance” slash cost, then the gooferment could just buy poor people health insurance as part of the federal health insurance system. (Whoopi Goldberg had it right: “What the hell! I just want what you <Congressmen> got. <for health insurance>. Way to nail the issue, Whoopster!)

See it’s always about something else!

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FUN: Took the bike out of the shed

Monday, July 5, 2010

The chain guard is either poorly installed, defective, or been mistreated. It rubbed the read tire. So I, like the fat old white guy injineer I am, bent it back into shape. When riding (Yes I did ride it.) it made a repetitive metal on metal sound. So, I took it back to the shop where I found it needed a little more bending. (Pretty sad that I could bend it with my bear hands. I remember when you needed “tools” to work on metal or bikes. Argh!)

Took a few pedals up and down the block

(OK, four to be exact!)

The seat needs lowering. And, I need to work on it. Argh!

When did fat, old, and out of shape catch up with me?

Argh!

It’s going to be a long rest of my life.

Argh squared!

It’s not hot here on the porch, but I’m hot and sweaty from just that little bit of effort.

I better get a helet for when I fall off this thing and break my skull.

My brain is OBVIOUSLY all I have going for me.

Argh cubed!

You can all stop snickering now. And go read my book. (I have “John” riding a bike effortlessly there. In my imagination!)

It’s all the equipment’s fault!

It’s all effortless long-distance high-speed pedaling … … in my dream world!

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JOBSEARCH: Form for free may be just the thing for thee

Monday, July 5, 2010

http://blogs.jobdig.com/wwds/2010/06/22/networking-tool-for-everyone-free

Networking Tool For Everyone (free)

Posted in June 22nd, 2010

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Instead, imagine that you have completed a BUILDING MY NETWORK form in advance of the meeting. The form lists the companies you are interested in, the contact people, the issues confronting the business and the department where you want to work. This way your contact has something to react to, and to refer to later.

*** end quote ***

Any free advise is good.

I like McKay66 and I like Lucht’s structured networking meeting.

But this is a good idea to have an ice breaker of targets.

If I have a gripe with it, it would be that in might get you down in the weeds BEFORE you’ve established what “field” you should be working in. Part of the structured networking is to listen to what the target has to say about your situation.

Sometimes that is something “strategic” that you never considered.

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GOLDBUG: Time to return to Constitutional money

Sunday, July 4, 2010

http://www.commodityonline.com/futures-trading/technical/Can-gold-be-valued-in-currency-or-is-itself-money-16935.html

Can gold be valued in currency or is itself money?
Published on June 21, 2010 14:45:00 IST

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My suggestion to Ron Paul and all those wanting to return to gold, is the best way to accomplish this is not by proclaiming your determination to replace the Federal Reserve Board with the gold standard, but to attack the legal tender laws of this country.

*** and ***

The key is to go after the governments monopoly on money. If broken, gold will find it’s way into the monetary system, as it is today, and reclaim it’s superior role as long as it is not prevented from doing so. Legal tender laws do just that. They prevent choice.

*** and ***

If governments fail to get their fiscal houses in order there is no telling what the future will bring. Gold offers some semblance of security. Among other things, it is a hedge against stupidity. Given the almost criminally reckless fiscal policies of government, who in his right mind would not want to protect himself. And if a currency crisis occurs, who would believe the promises of a new government paper currency in light of the broken promises of governments everywhere. Gold is not a promise that can be broken, and therein lies its present appeal.

*** and ***

To all the pundits that believe a gold standard is impractical, I suggest they look at the present fiat system and then judge it against the hundred years of monetary stability we enjoyed in years past under the gold standard. Then talk to me about which system is practical and which system is not.

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The Dead Old White Guys had just experience the inflation of paper money. They saw first hand how it let the Gooferment buy more than it had without any check or balance.

By the creation of the Federal Reserve Bank —

(which: ain’t “federal”; it’s a private cartel of banks; ain’t a “reserve” of anything; it’s ious with the taxpayer being the ower; and ain’t a bank; it’s a price fixing machine that makes the bankers rich and the politicians with an unending supply of spendable “money”.)

— they have made the Dead Old White Guys’ worst nightmare true. Unchecked gooferment.

Argh!

Time to roll back “progress” and go back to gold.

As a check on gooferment spending. ANY gooferment!

How can we be “independent” without honest money?!

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RANT: The Gooferment continues to attack The First!

Sunday, July 4, 2010

http://www.wnd.com/index.php?fa=PAGE.view&pageId=167845

1ST AMENDMENT UNDER FIRE
Free speech restored at Liberty Bell display
Keeping order isn’t license ‘to deprive an individual of a constitutional right’
Posted: June 18, 2010 8:36 pm Eastern
By Bob Unruh

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He also was ordered not to return to engage in “free-speech activities” without first getting permission from the park.

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Doesn’t anyone find this “amusing”? Like the “free speech zones” at political conventions!

Sorry, but limits are “fire in a crowded theater” and that’s about it.

What other standard could there be that doesn’t gut the First Amendment?

Lysander Spooner was right! ①

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① “Inasmuch as the Constitution was never signed, nor agreed to, by anybody, as a contract, and therefore never bound anybody, and is now binding upon nobody; and is, moreover, such an one as no people can ever hereafter be expected to consent to, except as they may be forced to do so at the point of the bayonet, it is perhaps of no importance what its true legal meaning, as a contract, is. Nevertheless, the writer thinks it proper to say that, in his opinion, the Constitution is no such instrument as it has generally been assumed to be; but that by false interpretations, and naked usurpations, the government has been made in practice a very widely, and almost wholly, different thing from what the Constitution itself purports to authorize. He has heretofore written much, and could write much more, to prove that such is the truth. But whether the Constitution really be one thing, or another, this much is certain – that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist.” Lysander Spooner (1808-1887), No Treason (1870) http://praxeology.net/LS-NT-6.htm#no.6

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