SOCIALISM: More GMAC aid?

Thursday, October 29, 2009

http://www.freep.com/article/20091028/BUSINESS01/91028022/1322/GMAC-may-get-3rd-helping-of-aid

Posted: 8:40 a.m. Oct. 28, 2009 | Updated: 9:51 a.m. today
GMAC may get 3rd helping of aid
BY GREG GARDNER
FREE PRESS BUSINESS WRITER

*** begin quote ***

GMAC, the financial lifeline for General Motors Co., Chrysler Group LLC and their dealer networks, is asking the U.S. Treasury for more federal aid beyond the $12.5 billion it’s already received, because it remains billions of dollars short of a capital reserve requirement all bank holding companies must meet.

The request, which is subject to ongoing negotiations, comes as GMAC is caught in a financial game of chicken with Chrysler Financial that could drive some large Chrysler, Jeep and Dodge dealers out of business or force them to sell their operations.

*** end quote ***

More taxpayer participation required!

Argh!

More good money after bad.

Bankruptcy would have been so much cleaner.

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NEWJERSEY: Gooferment theft by stupidity

Wednesday, October 28, 2009

http://www.mycentraljersey.com/article/20091025/NEWS/910250315&referrer=FRONTPAGECAROUSEL

Municipal workers’ unused sick, vacation time costing NJ taxpayers nearly $1 billion
By ANDREA CLURFELD • GANNETT NEW JERSEY • October 25, 2009

*** begin quote ***

CENTRAL JERSEY — Call it the billion-dollar retirement bill.

New Jersey’s taxpayers owe almost $1 billion to municipal workers for not taking sick, vacation and comp time during their careers, budget figures show.

*** end quote ***

Time to welcome ALL gooferment workers into the “real world”.

Use it or lose it.

And the ever popular 401k.

No unfunded liabilities. No golden days.

Same as the rest of us shlubs.

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POLITICAL: Fixing healthcare? Not gonna happen with the gooferment involved

Friday, October 23, 2009

http://www.lewrockwell.com/orig10/scott-m1.1.1.html

Your Doctor Serves The State, Not You
by Michael Scott, MD

*** begin quote ***

While I agree that physicians commonly order tests and perform procedures that are medically unnecessary, this fact is due to two main reasons the author completely fails to mention: first, the tort system, which terrorizes doctors in their practices on a daily basis, and second, that patients have minimal if any financial stake in their care. As a consequence, they demand everything in excess, and are often angry when we suggest a desired test or treatment is not indicated, no matter how much time we spend trying to educate them. When people don’t pay for something with their own money, they hardly care about costs. They just milk others for all they’re worth, because after all, that’s what they perceive everybody else is doing to them, too.

*** end quote ***

Clearly, the current insurance system is broken. And, isn’t going to get fixed anytime soon.

We clearly have to get the lawyers out of suing the doctors for everything that goes wrong. They are docs ; not gods.

We clearly have to return to the days of yesteryear, when insurance was insurance. Car insurance doesn’t insure oil changes. And, patients have to pay a percentage of the true cost; not a “co-pay”!

We have to make health care insurance like auto or life; disconnected from employment.

Finally, we have to get the gooferment OUT of health, health care, and health care insurance completely. They can’t do anything right. It’s in their nature. (I still haven’t heard of then doing ANYTHING effectively. Never mind efficiently!)

Argh!

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TECHNOLOGY: “Smart readers”; too smart?

Friday, October 16, 2009

http://www.telegraph.co.uk/finance/newsbysector/energy/6292809/Smart-meters-could-be-spy-in-the-home.html

Smart meters could be ‘spy in the home’

Smart meters could become a ‘spy in the home’ by allowing social workers and health authorities to monitor households, adding to conce rn at Britain’s surveillance society.

By Alastair Jamieson

Published: 10:30AM BST 11 Oct 2009

*** begin quote ***

The DECC document adds households could even have their power to some appliances turned off remotely to help the national grid if there is too much demand. It says: “In terms of potentially intrusive non-physical behaviour unrelated to data, smart metering potentially offers scope for remote intervention such as dynamic demand management, which is designed to assist management of the network and thus security of supply. This could involve direct supplier or distribution company interface with equipment, such as refrigerators, within a property, overriding the control of the householder.”

*** end quote ***

I always think of what can go wrong.

Turn off the refrig to “save the grid” and the food goes bad.

Turn off the heat to “save the grid” and people die.

Turn off power to politically “wrong” people?

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SOCIALISM: Cash for … Sheeple

Sunday, October 4, 2009

http://www.lewrockwell.com/decoster/decoster164.html

Cash for Clunkers, RIP by Karen De Coster

*** begin quote ***

The program was little more than a political redistribution of wealth from the people of America to politicians’ power base that includes unions, environmentalists, and social justice bulldogs. Along the way, a few select people who fell within certain purchase guidelines received a generous discount for turning in their paid-off cars in exchange for a new chunk of steel and a large chunk of debt. As with most government programs, a select group of people became empowered or enriched while the general population paid the bill.

*** end quote ***

To see perfectly good cars being destroyed shocked this old injineer.

Those cars were better than some of the wrecks I drove around when I was a “poor” student. (Poor in both a monetary and academic meaning!)

How many really poor people were denied a car they could afford by this absolute stupidity.

Even if you never studied “economics” and the parable of the broken window created by Frédéric Bastiat, you have common sense. Don’t you?

In what universe does destroying a perfectly good car make any economic sense at all?

If for no other reason than that, if your rep voted for this, then you should vote them out of office. There’s no excuse for having an idiot representing you.

Argh, sheeple!

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POLITICAL: DO we need gooferment?

Friday, September 25, 2009

http://tslrf.blogspot.com/2009/09/motivation-and-greed-rant-2.html

Sunday, September 20, 2009
Motivation and Greed, Classism and Perks- Rant #2

*** begin quote ***

The concept that you should be able to keep 100% of your income is a fine one. It would not work because at the end of the day we need some level of government (how much can be debated hotly) and that costs money.

*** end quote ***

I was with you up to that point.

I’m not so sure that is self-evident.

True, with only a few exceptions, we’ve always had “government”. We’ve also had social diseases too. That doesn’t mean we NECESSARILY have to have them.

Government IMHO is the meme that kills. It gets out of control so EASILY and QUICKLY. Maybe we could do without it.

Maybe, just maybe, we could buy insurance. And, insurance companies would buy protection for us.

Government is the only entity that can force us to buy products and services that we don’t want, can’t use, and at a price we can’t afford.

SOOooo, maybe we can do without it.

It’s interesting that someone will spend millions to get a job that pays thousands. That’s the tip off that there is something very wrong with the whole proposition of government.

imho.

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RANT: Liberty; not gooferment

Thursday, September 24, 2009

  Anonymous said…

*** begin quote ***

   The consumer is king? No, he’s not. What’s my choice for electricity and gas? PSE&G or PSE&G? Or I have to move to another state. In many cases, one or two companies have a monopoly of a certain type of business or there is often price fixing and collusion between corporations. That is certainly true of the private for profit health insurance industry.

   What the hell is some poor working stiff in West Virginia supposed to do against giant coal mining corporations that are polluting the water, soil and air of their neighborhoods? Oh yeah, they have the option to move from their homes where they may have roots going back generations. We have no choice about how the energy is transmitted to our abodes. The only way to deal with these great polluters is through the power of the government or the legislature. We need a trust busting Theodore Roosevelt and an army of Upton Sinclairs to take on all these giant corporations which are raping the environment and our wallets. Corporate America has too much power, they are unelected but they control the media and have undue influence over Congress and our legislatures, (local, state and federal).

   We need strong unions to give workers a voice and to level the playing field.

*** end quote ***

Blogger reinkefj said…

   >The consumer is king? No, he’s not. What’s my choice for electricity and gas? PSE&G or PSE&G?

   OK, let’s take PSEG. Who gave them a monopoly? The Gooferment. So aim your ire at the “state”! That’s why you don’t have a choice.

   Even when given a monopoly, that still doesn’t completely insulate the monopoly service provider. Comcast was the monopoly. Then, came DirectTv. Then, Dish. Then, Verizon FIOS.

   >In many cases, one or two companies have a monopoly of a certain type of business or

   > there is often price fixing and collusion between corporations.

   There is NO monopoly without GOOFERMENT. Competition disolves “natural monopolies” in a few years. Everyone always cites the Rockyfeller oil monopoly which lasted (I think) THREE years before competitors came in and took percentages.

   >That is certainly true of the private for profit health insurance industry.

   There is NO such industry. The Federal and State Gooferments regulate EVERYTHING about healthcare. AND, those companies LOVE it. It prevents competition. “Regulatory capture”, restriction on suuply, mandated coverages just make it expensive.

   >What the hell is some poor working stiff in West Virginia supposed to do against giant coal

   >mining corporations that are polluting the water, soil and air of their neighborhoods?

   Where’s the Federal and State EPA that are supposed to be preventing that?!? In fact, the gooferment is the biggest polluter. (Check some of the DOD and DOE sites.)

   If you had a fair judicial system, then they’d have a recourse. Read Healing Our World by Dr. Mary Ruwart. http://www.ruwart.com/Healing/chap14.html

   >Corporate America has too much power, they are unelected but they control the media

   > and have undue influence over Congress and our legislatures, (local, state and federal).

   It’s called Facism. Where the State and Business become “bedfellows”.

   >We need strong unions to give workers a voice and to level the playing field.

   Yeah, right. Like the UAW, Teachers Union, or SCIU are weak. Please, don’t make me laugh. They are AS corrupt as the politicians.

   So who’s going to save you now?

   The answer is we have to rescue ourselves. It’s our thinking that needs to change. We have to demand freedom and liberty. We can start by voting out EVERY incumbent. Call it voter imposed term limits. Demand TRUE deregulation. No licenses, no permits, no gooferment oversight. Liberty will protect us.

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POLITICIAL: Gooferment insurance!

Tuesday, September 22, 2009

http://channel-surfing.blogspot.com/2009/09/helping-unemployed.html

Monday, September 21, 2009
Helping the unemployed

*** begin quote ***

Wall Street may think we’re coming out of this recession, but there are millions of workers who may disagree. That’s why Congress is considering another extension of unemployment benefits that “would provide 13 weeks of extended unemployment benefits for more than 300,000 jobless people who live in states with unemployment rates of at least 8.5 percent and who are scheduled to run out of benefits by the end of September.”

*** and ***

Unemployment is designed to help people as they seek other work

*** end quote ***

“Unemployment is designed to help people as they seek other work”

Herb, herb, herb, typically muddled “liberal” (not classical liberal) left thinking.

“UNEMPLOYMENT” is the invisible hand of the marketplace telling you that it doesn’t “think” it needs what you are selling. You then have some choices. Seek other ways to server your fellow man. For which service, the marketplace will award, or reward, you suficient “Certificates of Appreciation” to reinforce that you are doing “good”.

Thus, “unemployment” is designed to TELL people to seek other work!

Unlike a beehive, we need the individual bee to figure out how to make their contribution to “the hive”. We’ve discovered that cooperation (i.e., division of labor) makes “prosperity” (i.e., support a larger number of people). “Subsistence farming”, as opposed to “division of labor”, which is in vogue in Africa, is less prosperous.

Since humans take direction very badly unless very motivated, it has been found that “liberty” seems to be a very good strategy to get those pesky humans to “produce”. It’s all very messy. And, has all the appearances of chaos. But, like a crowded city street, it does have the result of getting everyone where they want to go. With a minimum of friction.

So.

Unemployment is a necessary evil to motivate those pesky humans.

On the other hand, “unemployment insurance” is a gooferment program that PREVENTS humans from engaging in a host of beneficial behaviors. Saving, planning, training, … just to name a few. That bad gooferment program steals from every WORKER to REWARD unemployment. Also, the gooferment has bureaucrats to administer this supposed “insurance” program. (Note that insurance is for those semi random things that are beyond the individual’s control. Like a hurricane, flood, or other natural disaster. Unemployment is NOT unforeseeable, NOT random, and NOT beyond the individual’s control.)

Imagine if there was NO gooferment unemployment insurance, then workers would save for the future. Those savings would provide capital to the marketplace for growth.

It’s hard to underestimate the damage that these so called “insurance” programs do to the people and the economy. It trains people to look to Mommy Gooferment to “save” us. The gooferment creates the problem and then rushes in to “save” us. Often making the problem much much worse.

Sigh, today’s left liberals have to learn that it is only by VOLUNTARY participation do we secure the blessings of liberty for ourselves and our posterity. (Think I’ve read that somewhere.) Keep your gooferment “solutions”. There’s a reason that African, seeking to emigrate here, to “the land of fat poor people”.

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CORRUPTION: Shills for the gooferment shilling the party line

Tuesday, September 22, 2009

http://www.ncc-1776.org/tle2009/tle537-20090920-05.html

That Sinking GM Feeling
by Jim Davidson
Special to The Libertarian Enterprise

*** begin quote ***

Later he lies again, “So we’re putting our money where our mouth is.” No, you bastard, you stinking lackey of big government, you filthy thief, you aren’t. GM tried putting their money where their mouth is, and they lost. They went under. So now they are putting our money where their mouth is. He isn’t a nice old man, he’s an evil old liar.

*** end quote ***

Absolutely correct.

This gooferment stooge ADMITTED he know nothing about cars. Didn’t do much for AT&T either. Guess he contributed big and get his reward.

Special place in eternity for all of them!

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LIBERTY: A real single payer

Tuesday, September 22, 2009

http://www.wnd.com/index.php?fa=PAGE.view&pageId=109854

How ’bout a real single-payer system?

Posted: September 15, 2009

*** begin quote ***

What did we do, back during the years when most Americans had no medical insurance? I did what most people did. I depended on a “single payer” – myself. When I didn’t have the money, I paid off my medical bills in installments.

The birth of my first child was not covered by medical insurance. I paid off the bill, month by month, until the time finally came when I could tell my wife that the baby was now ours, free and clear.

In a country where everything imaginable is bought and paid for on credit, why is it suddenly a national crisis if some people cannot pay cash up front for medical treatment?

*** end quote ***

We have 310M people with 15M “uninsured”.

So we are going to mess up 295 to possibly “insure” 15?

Sorry, but everyone should just pay their own. And insurance and charity care for the big bad wolf!

Start by making insurance tax deductible for everyone.

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POLITICAL: Government pay now double

Monday, September 21, 2009

http://www.americanthinker.com/blog/2009/09/government_pay_now_double_that.html

September 15, 2009
Government pay now double that for the private sector
Rick Moran

*** begin quote ***

Cato Institute’s Chris Edwards takes a look at a new study that shows government bureaucrats now earning twice the pay and benefits of workers in the private sector

*** end quote ***

There’s NO way to get this monster controlled.

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INTERESTING: Gooferent can’t see the consequences

Sunday, September 20, 2009

http://www.nytimes.com/2009/09/20/world/africa/20cairo.html?_r=1&partner=rss&emc=rss

Belatedly, Egypt Spots Flaws in Wiping Out Pigs
Pigs were the champion garbage consumers in Cairo. Goats just don’t seem up to the task.
By MICHAEL SLACKMAN
Published: September 19, 2009

*** begin quote ***

When the government killed all the pigs in Egypt this spring — in what public health experts said was a misguided attempt to combat swine flu — it was warned the city would be overwhelmed with trash.

The pigs used to eat tons of organic waste. Now the pigs are gone and the rotting food piles up on the streets of middle-class neighborhoods like Heliopolis and in the poor streets of communities like Imbaba.

*** end quote ***

“unintended consequences”?

The only difference between their gooferment’s stupidity and ours is in size, scale, and topic.

TARP makes killing pigs look small. “Healthcare”, “Health Insurance”, or whatever they are trying to do will impact one SEVENTH of our economy. Misdirected swine flu versus psuedo climate change.

How stupid can gooferment be?

Very!

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RANT: The role of the police today — revenue agents

Saturday, September 19, 2009

http://www.lewrockwell.com/grigg/grigg-w109.html

*** begin quote ***

Witness the case of Jamie Lockard, a 53-year-old resident of Lawrenceburg, Indiana, who was stopped last March on suspicion of driving while intoxicated (DWI). A roadside Breathalyzer test determined that Lockard’s blood alcohol was under the legal limit.

Since incriminating Breathalyzer results are regarded as infallibly conclusive for the purpose of securing a conviction, a negative result offers immediate exoneration – correct?

One would think so. And one would be wrong.

*** end quote ***

SENT TO A FRIEND:

And you AGREE with this?

HE RESPONDED:

I would like to see more respect for authority. Lack of it will get you in trouble, and rightly so.

THAT SENT ME INTO ORBIT!

Oh, yes, right or wrong, we can’t be disrespectful to the massa!

Authority EARNS respect.

Cops have become nothing more than revenue agents for the state. Roadside radar traps make them into highwaymen who robbing innocent travelers who fail to follow their posted warnings.

Seriously, who designs a road for NINETY or a HUNDRED, then posts it with 45, 50,55, 60 or 65, to nail the unsuspecting.

Seriously, roadside checkpoints for license, registration, insurance, drinking, drugs, and anything else we can think of, belong to an old WW2 movie about Nazi Germany. Where are your papers? Comrade, citizen, subject.

Argh!

Take DWI or DUI! It’s an excuse to hassle folks. OK, if you have an accident or, heaven forbid, hurt someone, then you should get the book tossed at you. (Unless your name is Ted Kennedy!) Otherwise, forget it. All the horror stories, come from repeat offenders — some with 10 or 15 “convictions” — or even police officers.

Sorry, but they have lost “respect”, because of their conduct.

The “Dial 911 and die!” is a toungue in cheek recognition that they are no more than a clean up squad. If they weren’t busy collecting revenue, then maybe they could go after real criminals.

End the drug war now. Pardon all the non-violent drug offenders. Close the FDA, DEA, and BATF.

Liberty and freedom for all!

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MONEY: The worst is not yet over

Friday, September 18, 2009

http://www.vtcommons.org/blog/2009/09/15/daily-maul-under-obama-big-banks-get-bigger-shocker

DAILY MAUL: Under Obama, Big Banks Get Bigger – Shocker!
Submitted by Rob Williams on Tue, 09/15/2009 – 4:57am.

*** begin quote ***

In promoting and subsidizing the takeover of failing banks by the biggest banks and investment houses, the Post notes, the government violated federal antitrust regulations, which prohibit any single bank from controlling more than 10 percent of deposits nationwide. They also violate Justice Department antitrust advisories on the degree of control over regional financial markets by individual banks.

*** end quote ***

What a surprise!

So the next time, the problem will be even bigger. And the gooferment will have a bigger role in the “solution”.

Argh!

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RANT: Municipal plate on the GSP

Wednesday, September 16, 2009

Monroe’s MG63207 sped down the GSP tailgating.

No cops.

Guess there is a fire convention in Wildwood. The many other fire related cars and trucks with SG and MG plates seemed to be in no need to endanger everyone to get there!

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RANT: An open letter to Bill O’Reilly

Tuesday, September 15, 2009

OPEN EMAIL TO BILL O’REILLY

Bill:

Like your show, find it “challenging”.

My pithy comment for you is that “The government gets to tell its version of every story that may or may not be the truth. It appears to take decades for the whole truth to leak out from the edges.”

Did FDR know about Pearl Harbor? Historians have long debated whether President Roosevelt had advance knowledge of Japan’s December 7, 1941, attack on Pearl Harbor. Using documents pried loose through the Freedom of Information Act during 17 years of research, Stinnett provides overwhelming evidence that FDR and his top advisers knew that Japanese warships were heading toward Hawaii. The heart of his argument is even more inflammatory: Stinnett argues that FDR, who desired to sway public opinion in support of U.S. entry into WWII, instigated a policy intended to provoke a Japanese attack.

Kennedy assassination? As an amateur shooter, that shot, at a moving car with a junk rifle without practice from elevation and with swirling wind, is per se “unbelievable”. A killing zone ambush from the grassy knoll and one other position (i.e., the three shots of Zapruder audio) is much more plausible.

And on and on. Truth about Lincoln leaks out. Wilson campaigning on a Peace Platform. FDR follows Hoover’s plan. LBJ Gulf of Tonkin. The Federal Reserve creation at Jekyll Island.

And this on the WTC.

http://original.antiwar.com/justin/2009/09/10/911-our-truth-and-theirs/

*** begin quote ***

Of course, the Israelis and our own government denied everything. Mark Regev, a spokesman for the Israeli government, scoffed: Israel, spying on the United States? Why, who ever heard of such a thing?! The US government, for its part, disdained all such reports as “an urban myth.” The Israel lobby moved quickly to make sure the Cameron reports were thrown down the Memory Hole, and Cameron was accused of – you guessed it! – “anti-Semitism,” on account of having spent time in the Middle East in his youth.

*** end quote ***

I’d just like you to be a little more skeptical of the “official story”. Admit that the powers that be, and their willing accomplices in the main stream media, want the sheeple kept in the dark, stupid with today’s gooferment union education, and paying for the privilege.

Yes, I’m a “birther”. I don’t know what to believe. For me what gives the story “legs” is Obama spending good money to keep everything hidden. That’s the smoke that sets off the detectors.

Unfortunately for what once was the Great Republic, we have smoke ‘n’ mirrors being used all over the place to our detriment.

As a tin foil hat kinda guy, it’s too bad we can’t treat all conspirators like Arthur Thistlewood. Maybe then we’d get the truth from the government.

Don’t be so trusting! To quote the fictional Doctor House, “They all lie.” And, I’m shocked — “I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca — that you are more circumspect.

P.S., Instead of interviewing the beautiful people, how about giving a “conspiracy nut” two minutes on video to express their favorite conspiracy and then you can rip them to shreds. But, be careful, you might find an erie thread of truth in their statement. Then what will you do?

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RANT: Too big to fail?

Saturday, September 12, 2009

http://www.bloomberg.com/apps/news?pid=20601109&sid=aUTh4YMmI6QE

Lehman Monday Morning Lesson Lost With Obama Regulator-in-Chief
By Alison Fitzgerald and Christine Harper

*** begin quote ***

“They should be broken up and sold off,” Fine, 58, said he declared, as Geithner scribbled notes before thanking him for his time and ushering him out into the January chill.

The Treasury secretary didn’t follow through on Fine’s suggestion, just as he didn’t act on the advice of former Federal Reserve Chairman Paul A. Volcker, or Federal Deposit Insurance Corp. head Sheila C. Bair, or the dozens of economists and politicians who pressed the White House for measures that would limit the size or activities of U.S. banks.

One year after the demise of Lehman Brothers Holdings Inc. paralyzed the financial system, “mega-banks,” as Fine’s group calls them, are as interconnected and inscrutable as ever. The Obama administration’s plan for a regulatory overhaul wouldn’t force them to shrink or simplify their structure.

*** end quote ***

Washington is corrupt.

Big financial entities make BIG financial contributions.

We probably don’t know half of the stuff that goes on below the surface.

So, we the taxpayers, get screwed repeatedly.

If you were the regulator, and you were presented with an “easy” solution (i.e., break up, sell off, and limit the future size), what would you do?

Seems easy to me.

Pick a big number say 1B$ (that’s billion with a B) and say “No finaincial entity insured by the Fed or the Federal Government gets bigger than that!”

Seems trivial to me.

But, where would the big campaign contributions and payoffs come from?

Washington and all the little DCs are corrupt.

We need more work, workers, and a lot less politicians.

Every wonder why there are SO MANY lawyers?

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QUOTE: Gooferment spending

Friday, September 11, 2009

“When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it.

When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on.

When a man spends someone else’s money to buy something for himself, he is very careful about what he buys, but doesn’t care at all how much he spends.

And when a man spends someone else’s money on someone else, he doesn’t care how much he spends or what he spends it on. And that’s government for you.”

—-Nobel laureate economist Milton Friedman

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RANT: The answer is always MORE gooferment

Tuesday, September 8, 2009

http://www.anncoulter.com/

*** begin quote ***

It doesn’t matter if liberals start calling national health care a “chocolate chip puppy” or “ice cream sunset” — if the government is subsidizing it, then the government calls the shots. And the moment the government gets its hands on the controls, it will be establishing death panels, forcing taxpayers to pay for abortions and illegal aliens, rationing care and then demanding yet more government control when partial government control creates a mess.

Which happens to be exactly what liberals are doing right now.

*** end quote ***

The gooferment creates the problem AND, of course, the answer is more gooferment!

Argh!

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MONEY: UN says kill the dollar!

Tuesday, September 8, 2009

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

UN wants new global currency to replace dollar
The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.
By Edmund Conway, Economics Editor
Published: 6:45PM BST 07 Sep 2009

*** begin quote ***

In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

*** end quote ***

And, why are we in the UN? We’re financing this “barbara streisand” against our own self-interest. We “nuked” Sadam for suggesting oil should be priced in Gold not dollars. Let’s see if we do the same to the UN for a similar suggestion!

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POLITICAL: Keep the H1Bs here in the USA

Friday, September 4, 2009

http://www.techcrunch.com/2009/08/30/free-the-h-1bs-free-the-economy/

Free the H-1Bs, Free the Economy
by Vivek Wadhwa on August 30, 2009

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This is a guest post by Vivek Wadhwa, an entrepreneur turned academic. He is a Visiting Scholar at UC-Berkeley, Senior Research Associate at Harvard Law School and Executive in Residence at Duke University. Follow him on Twitter at @vwadhwa.

I have a suggestion for our President on how to boost economic growth without spending a penny: Free the H-1B’s.

*** end quote ***

I know Vivek from our days at First Boston.

He’s absolutely correct. We need to disassemble the “illegal immigration” infrastructure. If we stop putting out milk (i.e., welfare in the form of freebies like education, health care, food stamps), then we will get fewer stray cats (i.e., immigrants who come for the wrong reasons).

Clearly, the H1Bs are valuable additions to the workforce. Let’s keep them rather than, thru ignorance, allow them to slip away.

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Posted by reinkefj

MONEY: FDIC “insurance”?

Wednesday, September 2, 2009

http://www.lewrockwell.com/sardi/sardi117.html

FDIC Walks a Tightrope
by Bill Sardi

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Bair’s second assignment is to slowly put small insolvent American banks out of business, over a thousand of them, while fostering public confidence in the FDIC insurance company’s ability to insure the public’s money. The FDIC admits to only 416 on the agency’s “problem bank” list. Frankly, without bailout money, few banks would have adequate reserves. By collapsing small banks, depositors are likely to bank their money at larger institutions. So Bair is really a shill for the large bankers to rub out their smaller competition, though she may have no other option in this instance.

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So, why if “too big to fail” is bad, does the gooferment limit the size of a single bank to say ONE ONE THOUSANDTH of it’s reserve. And, oh by the way, why doesn’t it have a REAL RESERVE? Not so IOU from the FED or the Treasury.

Argh!

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Posted by reinkefj

FUN: You have to admire initiative!

Tuesday, September 1, 2009

http://feedproxy.google.com/~r/dailyreckoning/~3/BS0uO_tqS5Q/

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From the Bristol Evening Post:

“Outside Bristol Zoo is the car park, with spaces for 150 cars and 8 coaches. It has been manned 6 days a week for 23 years by the same charming and very polite car park attendant with the ticket machine. The charges are £1. per car and £5. per coach.

“On Monday 1 June, he did not turn up for work. Bristol Zoo management phoned Bristol City Council to ask them to send a replacement parking attendant.

“The Council said, ‘That car park is your responsibility.’ The Zoo said, ‘The attendant was employed by the City Council…wasn’t he?’ The Council said, ‘What attendant?’

“Gone missing from his home is a man who has been taking daily the car park fees amounting to about £400. per day for the last 23 years…!

“Total sum just short £2.9 million.”

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You just have to smile!

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Posted by reinkefj

RANT: GM Government Motors to make cars in China?

Monday, August 31, 2009

http://www.reuters.com/article/newsOne/idUSTRE57T0IV20090830

GM to form China venture, invest $293 million
Sun Aug 30, 2009 7:33am EDT
By Fang Yan and Edmund Klamann

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SHANGHAI (Reuters) – General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

The 50-50 joint venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and vans, GM said in a statement.

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Bet they will have the UAW representing the workers? Not!

Hey, it’s only 293M$ of our tax money.

Glad the gooferment is branching out. From it’s Constitutionally mandated functions.

Now you see the meaning of Fascism. Oh, I mean gooferment – business cooperation.

How’s that “change” working out for you?

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Posted by reinkefj

POLITICS: The last of the imperial Kennedys?

Wednesday, August 26, 2009

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2009/08/23/kennedy_should_resign/

Kennedy should resign
By Jeff Jacoby
Globe Columnist / August 23, 2009
The Boston Globe

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RUNNING for reelection in 1982, Senator Ted Kennedy aired a series of sentimental television ads in which longtime supporters spoke of him as an empathetic human being who was no stranger to suffering and sorrow. One of those supporters was 83-year-old Frank Manning, founder of the Massachusetts Association of Older Americans. “He’s not a plaster saint, he’s not without his faults,’’ Manning said in the ad. “But we wouldn’t want a plaster saint.’’

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They say speak no ill of the dead.

Sorry, but even now we can call them as we see them.

Kennedy’s conduct was an insult to anyone with a shred of human decency. Mary Jo was whitewashed. Any one else would have spent time in jail. What else has been covered over to keep him in office? Disgraceful. More disgraceful to the “liberal leftist” press who failed their sacred trust.

Further, he was a CINO. The classic example of a Catholic In Name Only. He gave public scandal by voting for abortion and everyone gives him a free pass.

It’s not my job to judge. Above my pay grade. But he’s one I don’t understand. Silver spoon and all. He had it all and squandered it.

Eye of the needle.

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Posted by reinkefj

POLITICAL: Bring on the filibuster!

Monday, August 24, 2009

http://tinyurl.com/koyfng

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Senate Democratic leadership will pass health care reform “by any legislative means necessary”

ABC News

“Amidst questions of whether or not any Senate Republicans will support a health care reform bill, Jim Manley, spokesman for Senate Majority Leader Harry Reid, D-Nev., today said that the ‘White House and the Senate Democratic leadership still prefer a bipartisan bill.’ The Reid spokesman said that ‘neither the White House nor the leadership have made a decision to pursue reconciliation,’ the somewhat controversial legislative process by which a bill is introduced in such a manner so that it requires merely 50 votes instead of 60 to proceed to a vote, thus removing the threat of filibuster.” (08/19/09)

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No, if I was the R’s, then I’d force them to bring Teddie and KKK-er Byrd in a force the end of a filibuster. Make it clear that “over dead bodies” does anything pass.

Time to stand up and be counted.

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Posted by reinkefj

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