Friday, May 6, 2011

Some old thoughts and new thoughts

I wrote this first part about a month ago but never posted it until now. Think back to when Paul Ryan released his budget and you'll be in the right frame of mind.

Republicans are bullys and want to go back to 1925.


Paul Ryan's budget is courageous in the fact that it reveals what true Conservatives have always wanted: A dismantling of the welfare state and a return to the rule of Robber Barons. The real kicker here is that the President is letting them hold the narrative. I can't really take anything that doesn't include tax increases seriously, because it just ignores reality. Paul Ryan voted for Medicare Part D, the perscription drug benefit that is completely unfunded and was used to buy senior voters for the 2004 Presidential election. So Mr. Ryan is not on my list of People Who Want to Get Things Done The Right Way. Voters want all this stuff government provides, and polls show that they would be willing to pay more taxes to avoid benefit cuts. But they don't really need to pay much more. Just let the Bush Tax Cuts expire, and make some tweaks (eliminate the cap on Social Security Taxes from $107k to everything, use the government's power to negotiate cheap drug prices and medical equipment). Why don't Republicans propose increases? Because it would go against what the rich people who run the party behind the scenes want and care about. Plus, the idiotic Constitutional Amendment just signed by all 47 Republican members of the Senate would invalidate all the years of the Reagan Presidency and George Bush Presidency. But the past doesn't matter. Republicans are bullies.


Ezra Klein is lamenting the fact that Obama is almost nowhere to be seen as far as leadership goes.


E.J. Dionne is saying that if Obama doesn't stand up to Republicans, it will be the end of Progressive government.


While I can sympathize with the Tea Party's anger, it has been co-opted by the very forces that have caused their ire. How good must it be to be rich? You spend the last 30 years slowing removing all the restraints set up to keep banking and finance from going crazy. Then when banking is unleashed, you make a TON of money while destroying whatever value the other 99% less wealthy Americans have. After you nearly destroy the economy, you get a government bailout to 'save the system'. A whole bunch of regular Americans see their wealth dry up, their 401(k)'s implode, and stupid wealthy people getting bailed out with taxpayer dollars. Naturally, these Americans take to the streets in protest. Somehow, you are able to co-opt these fed up Americans and convince them that they need to direct their anger not at the wealthy bastards who jiggered the system, but at the government! You have somehow convinced the angry mob that is at your doorstop to turn around and go after the the auto workers and teachers! It's amazing. I guess that you rich people deserve your wealth if you are able to convince that many people to fight against the very institutions that were designed to protect them from the likes of you.


Look at this quote from Thomas Jefferson about corporations:

"I hope we shall take warning from the example and crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength and bid defiance to the laws our country."

~ Thomas Jefferson Nov. 12th, 1816


I do take issue with the Tea Party's line of 'take our country back.' Take it back from whom, the majority that voted democratic in 2008? Too bad, we live in America, where the majority rules from elections, not majority rules from poll results.



So now for a posting that is more current:


Can someone PLEASE explain to me how 9% unemployment means that we should ignore doing any kind of federal jobs program and instead focus on austerity measures like the UK for deficit reduction? How is this helpful? It's not. That's the big secret. If Republicans went for a federal jobs program, they would be in effect going against their 'principles' of small government. In terms of what small government means for Republicans, that means less regulation and more corporitization. That's what small government means. Trample the people to help the rich, entitled elites even more. It's reckless and irresponsible and no one who can really make a dent is calling them on this. All the while, we are increasing our defense spending??!?! How is this sensible? I am all for having some austerity in terms of world security. We don't belong on bases all over the place!!! It's dumb! Look at Great Britain. They have embraced austerity measures and have been immediately plunged into another recession. Brilliant, that. We slash our education and infrastructure spending while putting all that money towards nation building. It's idiotic. Even the Pentagon thinks so!


On a Paul Ryan budget note, even folks at the Economist are coming out against his ideas.

Tuesday, April 5, 2011

Bankers are drug dealers

We punish both drug buyers and drug dealers in this country. So why do we only punish the people who take out fraudulent loans? Aren't the bankers who sell the fraudulent loans just as much at fault? The market is NOT punishing the bankers, because the bankers are using the government to protect them. America is a Banana Republic.

And this is awesome (and has nothing to do with anything)

Friday, March 4, 2011

Reagan liked unions

I'm not sure that Reagan was that great of a president. His legacy is certainly being exploited by today's conservatives, who like to cherry pick his actions and ignore the things he did that go against current conservative ideology (raising taxes). This quote from his Labor Day speech in 1980 is no different:
"These are the values inspiring those brave workers in Poland ... They remind us that where free unions and collective bargaining are forbidden, freedom is lost." -
Makes you wonder about the reality we are being fed.

Wednesday, March 2, 2011

Tuesday, March 1, 2011

If Republican Ideology ran a house

First, they would max out the credit cards buying TVs and take out dinners. (borrow)

Second, they would either quit their job or get fired (tax cuts)

Third, they would then blame the spouse and kids for eating and wearing clothes (spending and anti-union)

Then, they would say that this situation isn't their fault and if they were in charge, things would be different.

That's what is happening in Wisconsin. Tax cuts worsen the state's revenue, then they blame the opposition party's supporters for causing the pain (unions) then they blame everyone else. WHY doen't people understand this? America, you are not getting it.

Sure, some things unions do are ridiculous (YOU can't move that forklift that is blocking your desk, YOU aren't a machinist. ONLY I can move that, but I'll move it when I'm good and ready.) But I work in a corporation, and it's all PROCESS PROCESS PROCESS. Process for the SAKE of Process. Not to make things better, or do things faster. (YOU can't use that tool, because we spend millions on THIS tool. I don't care if our tool is junk, USE IT.)

I firmly believe that when you get a bunch of human beings together in ANY large organization (government or company) you will have mess and waste. That's AMERICA. If you want absolute efficiency, go to China.

UPDATE: Great post by David Frum at FrumForum.

Someday, today’s 20-somethings will call their elders to account.

They will say:

“We faced the worst economic shock since World War II – and you accepted it as a problem without a solution.

“You lamented burdening us with debt, even as you refused to consider economic policies that might enable us ever to pay it.

“You worried over non-existent inflation even as we spent years out of work.

“As we lost our start in life, you protected Medicare for yourselves.

“You condemned us to a half-decade of idleness, then reproached us as video-game-playing slackers.”


UPDATE 2: In a delicious bit of irony, Chuck Koch is advocating that we look to Canada as a model of conservativism. Mitt Romney also singled out Canada at CPAC. WTF??? I thought Canada was evil, with all those REGULATIONS and SOCIALIST HEALTHCARE. MORONS!!! I may be going sour on Obama and his total intellectual capture of WallStreet, but I don't know if I will EVER vote Republican again with these douchebags acting like they know what they are talking about. Yuck.

Thursday, January 27, 2011

Financial Crisis Inquiry Commission is split. BIG Surprise

Is it surprising that the FCIC has 3 separate conclusions that are based on opposing ideology? No. Do we expect anything different from Congressional Baby Boomers? No.

The Municipal Bond Market is scaring me right now. Not good.

Yves Smith does an excellent takedown of Michael Lewis' book The Big Short here.

Horrors!! The CBO has revised their budget deficit for cast for 2011 from 1 trillion to 1.5 trillion because of the extended tax cuts. HOW can anyone claim that tax cuts don't cause deficiets? MORONS, that's who. Whoops, I'm sorry. I meant to say our distinguished collegues of the GOP. Want further proof? Just watch Paul Ryan's and Michelle Bachman's SOTU rebuttal speeched from Tuesday.

This whole 'have your cake and eat it too' BS of the lat 30 years is really causing some damage in it's death throes.

Friday, December 17, 2010

What is good for consumers?

The Fed has proposed new fees that card companies can charge retailers for swiping. Every time you swipe your card at the gas station or grocery store or Target, the companies that help in that process (Visa, Mastercard, etc) charge the retailer a fee. Currently, the fee is 44 cents. The new Fed proposal caps that fee at 12 cents. That seems like a good thing, right? Only for consumers. In an article in the Wall Street Journal, Ed Yingling, president and chief executive of the American Bankers Association, said in a statement that the rules "essentially relieve retailers of paying their fair share for a card payments system that offers them tremendous benefits." He added that the Fed's proposal was a "bad deal for consumers."

Uh, no sir. It's a bad deal for your banks, but it's good for us. The banks need to STFU.

Oh, and I'm reading 'Aftershock' by Robert B. Reich. You should, too.