"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27, 2010


Friday, September 18, 2015

Show and tell – clock building skills

Okay so Mr. Obama is a politician and he thinks, acts and put himself of full display as a politician.  Move along folks, nothing to see here.

And little risk to his “legacy” by elevating the kid with the “clock” who was treated aggressively by school administrators and local cops.  Not questioning the kid might be some throwback to the 1950’s and 60’s but today we allow government bureaucrats to enter, investigate and control darn near every normal routine movement we make as citizens so a kid with some device with wires and circuitry is probably going to catch the eye of even the average sleepy head administrator/cop, unless its right before “break time.”
Were the handcuffs too much?  Fingerprints?  Of course they were/are too much.  But again our great “first responders” are trained to go over the top first, second and third and, after all, they have immunity for such behaviors which are universally applied to all but their own.  Shoot first; don’t answer questions later; call an attorney, or, even better, the union rep.  Worse that can happen, suspension, with pay (giggle – giggle.)
So what is Obama’s message about the clock builder?  Well, other than lining up the Hollywood media for a photo op of a kid who is “inventive”, we don’t know.  It seems that Obama is grasping for something that evades our limited perceptive skills.
Is he saying to just Muslim kids, build something and take it to school?  We encourage it?  Or is he saying, to all kids, build something and take it to school?  Regardless of who your parents are, how you dress, what you believe or don’t?  We don’t know.  Obama is a bit close lipped on the message he is sending – but we gather he likes the visual?
Here is what we do know.  He sends his kids to private schools.  Let’s ask those schools what they would do if a kid showed up with such a device.  (Can you imagine the secret service response?  Assuming the prostitutes had left?  And they were sober?)  Obama’s head of education?  Sends his kids to private schools?  What would happen there?  His old sidekick the wandering mayor of Chicago; he of the inability to stop building the public debt of his already insolvent city, same question – private schools, okay to bring in devices – one per kid per day?  Or is it just okay to bring devices to public schools like the one in Texas where the clock builder ended up in ‘cuffs?  By the way, shouldn’t the fingerprints be expunged inasmuch as the kid did nothing to warrant their taking?
And here is our closing thought – we like the clock building idea – we think it should be encouraged.  And obviously Mr. Obama, you do too because of your quick, thoughtful, reactive act.  So let’s go whole hog on this idea – put it in the department of education rule book for all public schools taking federal money – students are encouraged to build clock like devices and bring them to school, but no more than one per day.
Why do we like this idea?  We think it might accelerate the end of the monopoly of bad public schools in this country and turn over to parents the money they need and that has been collected to get their kids better choices for K-12 education.  A luxury that few taxpayers have but that Obama and his well paid government “officials” enjoy and that they fully, totally and with no shame deny to the very people who need it the most.

Wednesday, September 16, 2015

Curiosity

A noun described as follows:

1.    a strong desire to know or learn something: "filled with curiosity, she peered through the window" – interest, spirit of inquiry, inquisitiveness
      2.     strange or unusual object or fact. 

Is this the greatest of human characteristics?  Perhaps but we are not certain that it is a human characteristic in the sense that it may be shared with many other species beside homo sapiens.  And we most certainly know it is not universally shared by all homo sapiens.  We know for sure that those humans who have this characteristic are more likely to be those who seek answers where others seek comfort.  And we know that those seeking answer have books written about them and movies made about them and statues constructed of their images and bodies.  But then again so do many without curiosity.  That latter group we call “politicians” and “bureaucrats.”
In the current field of many seeking the top job we ask the question – are those most likely to succeed, get elected that is, curious?
That’s all.  That’s what this essay is about.  Do they seek answers?  Well, how would a reasonable person (say a voter) make that judgment?  Here are some possible ways to form that judgment – is that candidate curious?
1.    Did they pursue from a young age challenging topics, subjects and experiences?

2.    Did they seek mentors and teachers who push them to this day to question and challenge and be inquisitive?

3.    Do they preach answers or encourage thoughtful discourse?

4.    Do they question themselves openly, in front of others?

5.    Do they routinely allow and even encourage others to challenge them – in open debates and settings – with no props or support mechanisms or audiences?

6.    Do they just try something different to see if it works?   See what happens?

7.    Do they surround themselves with people much smarter and more curious than they are?  And encourage such people to speak their minds?

8.    Do they present themselves as the smartest person in the room?  The know it all?  Or do they present themselves as a student who has learned some things but still has a long way to go?

9.    Do they listen and seek advice more so than offering it?

10. Do they ever utter the words, “I don’t know.”
It is almost un-American to think that our top leader should be “curious.”  Rather it seems to be more American to want that person to be certain.  About most everything.  Big mistake.
We are in very unchartered waters in this world of ours.  Not so much because the issues and problems that face us are all that much different than they ever were but because we have made great technological leaps forward and there are so many more of us today than there were when it took weeks or months to find out about something taking place elsewhere.  If at all.
Curiosity.  Curiosity sometimes leads to interesting results.   Inventions.  Cures.  Other forms of advancement.  We seem to value it until we get to our governance?  Is that why we don’t demand it from our politicians and bureaucrats?  Or is there another reason(s)?

 

Friday, September 11, 2015

Time for Mr. Trump to get serious about debates

We heard the report – CNN should send $10 million to a veterans charity from the mega bucks it will make off the debate next week.  Or else Donald will not show.  Wow!  This is Donald’s thinking – his cleverness – his “negotiation skills” and it tells us a lot about the man.  Much more than the Donald would want us to know because it shows that this fellow is not quite as clever or smart or as good a negotiator as he claims.

Donald should have simply stated his case this way – let’s debate; commercial free.  Forget about selling sugar water and soap and male erectile solutions.  This is a debate about the future of America; it should be commercial free.  If CNN won’t agree – we move it to a network that will agree.
Mr. Trump,  the solution for our veterans has nothing to do with a $10 million fix.  The VA wastes that amount of money each morning while you are doing your hair.  Do you really think that $10 million will make a dent in the ridiculousness of the VA?  If so you will not be able to negotiate your way out of a paper bag – and you will be manhandled with ease by SEIU, AFSCME and the AFL-CIO and hundreds of more “government employee” unions.
It seems to us that Donald is afraid of a real debate?  Think about the topics we don’t debate.  Here is what Donald, Hillary, all the candidates should put on the table and demanded questions/debate regardless of what the “journalists” at CNN might have on their agenda:
1.    How much of the American economy today – 2015 – is an underground economy?  What does the Fed know?  The Department of Labor?  The IRS?  The census bureau?  How much GDP is not counted?  What amount of taxes are not paid?  Social security and Medicare/Medicaid levies never collected?  Why is this not a top priority of the Democrat candidates in and running for office?  Who constantly clamor for more taxes for their “needed” programs?  All the public employee unions, AFSCME, SEIU, etc?  Of president Obama?  Of the US justice department?  Don’t we need the money?

2.    Immigration enforcement.  Why don’t we hire an outside contractor to oversee a thoughtful legal immigration process (see #4 below)?  Why don’t we hire an outside contractor to manage a legal, limited, clearly defined alien worker program?   Using the extensive know-how and modernity of American commerce, particularly American businesses that routinely deal with millions of transactions and customers/clients every single minute of every hour of the day and use those systems to oversee travelers, tourists, students, visitors and those seeking temporary work in our country?

3.    Why don’t we shut down the Veterans Administration and make the entire American health care system open to all veterans?  How can it possibly make any sense for America to run a “separate but equal” health care system and duplicate all the overhead, labor and facility components for this one group of individuals?   Particularly given the substandard result produced?

4.    Immigration policy.   Policy is a very different issue from enforcement (see #2 above.)  We all know that we have the largest gathering in our history of unemployed, age eligible to work, citizens (90 million of them!)  We are not talking about youngsters or seniors; the handicapped or the disabled.  We are talking healthy, functioning young and middle age citizens who either cannot find work or are not interested in seeking work.  And, at the very same moment in our history, our country is flooded with illegal aliens who are working (after all this is the single most consistent argument mentioned by the “need for comprehensive immigration policy reform” gang) and we are also admitting legally, annually, 500,000+ more immigrants, many of whom will seek work.  Today, 25% of our population was not born here or are the children of that group – that is 80 million people!  This is just dumb policy.  A dead end policy that has done great harm to the country.  But don’t mention it.

5.    Constitutional convention.  In the first place the supreme court was never intended to be the moderator or evolution agent of the nation’s basic law – the people were.  Our constitution is simply out of date – to some extent by advances in knowledge and technology but mostly by life’s passages and events.  We may as well get the lines clearly drawn – America is split down the middle on most economic, political, cultural and societal issues.  The split however is not equal when it comes to geography – it is only equal in terms of voters.  If we must, let us decide now which part of America can survive as a borderless socialistic entity (think about it – most democrats desire one overriding, dominant, national government) and which part of America will coalesce around the concepts of capitalism and individual freedom under a federalism concept of law.

6.    America has its own refugee crisis.  A silent and very inconvenient crisis.  We have refugee camps within our major urban populations centers.  These are communities within communities where survival is largely the responsibility of various governments as well as NGO and charitable caregivers, mostly faith based.  Also, we are part of a much larger world refugee crisis including some within our own hemisphere although much of the world refugee crisis is now middle east and Asian based.  We have no discussion, debate or even dialogue addressing our role in these home grown and outside refugee situations. 

7.    Islam.  (A major cause of the worlds refugee situation.)  Islam is not a religion of peace.  Not even a religion. It is a form of life control – political, societal, commercial, governmental and ideological.  It is not tolerant of anything and it abides by written and historical laws, traditions, customs and mores that are in direct violation of our American laws, principles and traditions.  We neither do nor are permitted to discuss it.   Not openly at least.   Yet, America should be as intolerant of Islam as it is of communism.  Please don’t mention it.

8.    The proliferation of propaganda.  Most of this comes from our own government(s), the dissemination of incorrect and invalid and just outright deceptive information.  Most of our bureaucracies distribute data that is not accurate.  Most informed Americans ignore their data and seek alternative sources of valid information. If the Fed itself followed the employment data issued by the BLS it would have raised interest rates several times by now.

9.    Public schools.  This debate is going on – but still stymied by teachers unions and their puppets in the democrat party.  A party that touts choice for moms who don’t want to be moms abandons those who are take on the difficult task of being a mom and hangs them out to flap in the wind with one of the most important decisions a parent must make.  School today is more than the three R’s but jamming kids into classrooms with teachers who struggle themselves with basic skills is not a choice; it’s pure politics.

10. Debt – never mentioned; ignored; yet our single biggest domestic and international problem/threat.  We simply must put an end to deficit living and debt accumulation.  We choose instead to not even talk about it.

11. Population.  We have 300+ million people rapidly moving to 400 million.  Essential basic jobs in manufacturing, assembly, metals, chemicals, even refining are virtually gone due to labor, environmental and endless forms of legal restrictions, rules and litigation.  Those that remain are taxed to death and burdened with every societal goodie imaginable to politicians and bureaucrats who never made or grew or mined a thing in their (miserable) lives.  This is not progressive and it sure is not a dream of a better life.  It is suicide by fiat.

12. Bureaucracies – government bureaucracies everywhere.  Staffed by 24+ million people – earning 2 and 3 times the wages of middle class Americans – with much more generous benefits including free health care and able to retire in their 50’s with close to 100% of their last five years average pay.  Everyone watching knows this.  We can’t find one politician who has even the smallest or passing interest in possibly saying – enough – we must cut back – now. 

Donald gets a lot of credit for saying things that we think but most politicians are afraid to voice.  Okay.  Much of that, unfortunately, is entertaining but not significant.  We wonder, Donald, do you even think about some of the issues raised above?  We haven’t heard much from you to suggest that you do.  We know the others don’t.

 

Thursday, September 3, 2015

Aylan and Galip Kurdi

 

A Turkish officer carries the body of Aylan Kurdi who drowned with several other migrants trying to reach the Greek island of Kos on Wednesday.


 
Aylan and Galip Kurdi, aged three and five. 
 
The family of a three-year-old Syrian boy whose body was washed up on a beach in Turkey were making a final, desperate attempt to flee to relatives in Canada even though their asylum application had been rejected, according to reports.

Syria was already at war when Aylan Kurdi was born. He died with his five-year-old brother, Galip, and mother, Rehan. Their father, Abdullah, survived.




Monday, August 31, 2015

This thing of ours

Our perspective, so far, on this presidential race due to climax on November 8, 2016:

·         It’s a media circus
·         Three rings; three clowns (leading candidates, at this moment):
o   Hillary
o   Donald
o   Bernie
§  Do you see the similarities?  Such as:
·         All Easterners – two New Yorkers, one Vermonter
·         Really three New Yorkers –  Vermonters are mostly New Yorkers who have the $$$ to either seek temporary relief from NY or just leave NY because they can’t compete
·         Very similar pitches to their audiences:
o   You’re getting screwed by:
§  The rich
§  The powerful
§  The government (special interests)
§  Stupid and greedy people (bureaucrats)
§  The media
§  But, not me, of course
·         Let’s look at them individually:
 
o   Hillary – her power base is:
§  Disenchanted females:
·         Been worked over by a guy or six; need to get some payback; get into the game; get their piece of the pie
·         Never been appreciated for their “looks” or “skills” or “accomplishments” or “brains”
·         Always trying out some new hairdo or fad diet, maybe yoga; tend to dress in garish, loud colors; looking for that outfit that brings out their inner beauty – the real “me”
·         Common characteristic – attitude, lots of attitude
·         They want someone who will work the system from the inside and make things right

o   Bernie – his power base is:
§  Other disenchanted’s:
·         As you know, Bernie is a “socialist” and he has plenty of company in Vermont, New York, and the congregations of “higher learning” in the north eastern states –  “the ivy league” and “the seven sisters”
·         Bernie’s disenchanted are really Barack’s disenchanted.  Both wish to spread the wealth around and why not?  Sounds good; simple solution; easy to grasp; even easier to sell
·         Think of the socialist solution this way – the tooth fairy.  Put something worthless under your pillow at night; wake up in the morning with cash.  Six year olds love it.  So does the Bernie/Barack power base

o   Donald – his power base is:

§  The non-disenchanted who think the disenchanted need to work, save, raise their children and discipline themselves as well as share these commonalities:
·         Anything is better than following upset women and socialists
·         Why?  Because there is no evidence that anything they lead us to has ever worked, anywhere – best current examples:  Greece and Italy
·         Other commonalities:
o   Government is a burden to be minimized
o   Borders and laws probably should be obeyed
o   Government does not attract energetic, smart people (BTW, the disenchanted do share this view when republicans are in power)
o   Prefer some form of periodic payment (interest) for their savings accounts
o   Believe debts should be repaid, within the debtors lifetime
o   And, last, adhere to an atavistic concept of individuality for most things in life
Here are the three:
Bernie – the tooth fairy

Hillary – engaging in retail therapy with friends
 


Donald – made a fortune building buildings for rich people to either live in, shop in, gamble in, or all of the above
 

This thing of ours (campaigning) has started way too early; it is a circus – free content for our Hollywood media.  Financed by taxpayers and we have not heard one of the ringmasters (clowns) detail how much spending they will cut so that the tax burden can be alleviated.

Thursday, August 27, 2015

Obituary: Keynesian economics, the General Theory (1936 – 2015)

So, after all the Keynesian stimulus spending – all the borrowing to finance the Keynesian deficits – all the currency printing and distribution by the national bank to make sure the bonds with all the zeros were "bought" – all the low Keynesian interest rates – all the brief, momentary increase in demand for commodities and consumer goods – all the restated and revised and recalculated economic metrics and strange unemployment statistics that only count those who are “looking” for work or some such Keynesian rationale – we ask, using our highly trained and disciplined Keynesian economics mind overflowing with our grandiose Keynesian vocabulary, “Where’s the beef?”

Europe is in the doldrums, economically that is (at least we're not alone.)  High deficits – high debt – low productivity – zero economic growth that is actually negative if anyone bothered to do a real inflation adjustment as opposed to the political calculations that now substitute.  Those states that have religiously followed the General Theory; you know them as Greece and Spain and Italy and a few more, all busted.  Bankrupt.  Awash in debt up to their eyeballs.  Cannot survive without handouts from the winning states that do not embrace your rabbi, your pastor, your imam – John Maynard Keynes (1883 – 1946.)
Were Keynes to reappear and revisit the application of his General Theory – save for a rainy day; spend when the clouds and downpours arrive – get back on track – repeat; he would probably point out that you/we did everything he offered except the first step – the save for a rainy day step.  Instead he would point out that we stimulate modestly or moderately or even generously when times are good (no rainy day savings needed when times are good) and then we accelerate into the stratosphere  when times are bad.  What is left?  Print money.  Devalue.
Keynesian economics is dead for all who think.  For those who don’t which is now most of the democratic republics of the west (question for those who think beyond the moment:  do the Islamic republics follow the General Theory?) we suggest that the leaders continue vigorously with their well established behaviors – tell the people things are good and getting better; jimmy the stats and revise as needed to justify their behavior; steal and accumulate as much as possible from the public tax revenues that were collected for public needs; and keep the G-V’s close at hand, fueled and ready for immediate take off.  Get you to your island retreats in the sun.  With the high walls.   Where you can sip smooth scotch – work on your tan (or golf swing) and live out your days giggling over the heydays of the General Theory.

Wednesday, August 26, 2015

China obfuscation? Or just our Fed?

These days one would think that China is our blood enemy.  The accusations against them are plentiful:

·         Currency manipulation – people with not a smidgen of economic/trade/monetary policy knowledge or curiosity are bandying that indictment around
·         Trade imbalance
·         Trade deals.  This one is now hot due to one well media covered candidate who has used it as part of his “traction” campaigning – building the vote
·         Stupid American trade dealing (see above)
·         Economy slowing.  This one we get quite the kick from – our own economy stinks; has stunk for years; so all we do is rearrange the numbers; the statistics, the metrics and measurements to make it look better
·         Pictures of unoccupied buildings, some brand new, and other indications that China growth is a Hollywood set – shiny and new and pretty but nothing behind it
·         Control of information.  Closed society.  Have to pry out each tiny piece of data or report and then still need to worry about its consistency or accuracy
·         And finally, let’s face it, they still are commies and we know we can’t trust commies.  Look different, act different, etc., etc.
Had we structured this essay a bit differently – listed some of the above characteristics but posed them as questions without identifying the source/culprit we could very well have been speaking about America.  With one very notable difference.  We know that we owe them – China and many, many others a pile of money.  We know that we send much more money and intellectual know-how and designs and expertise to China than they send our way.  We know that what we get from them is output – lots of output, quality questionable.
Back home, where we pride ourselves on our high standards, we know this:
·         We have no clue how much money we, as a nation, owe.  Never been tallied.  We don’t know how much some of our cities and counties; our school and park districts; our very largest states owe much less how they will be able to repay the amounts we do know about
·         We know that we have an official “territory” in our country that is in a state of default.  Missed interest and principal payments on its debt
·         We know that many of our other states and their own political subdivisions must borrow more, increase their debt, to meet current obligations for debt service as well as ongoing, repetitive operations items such as payrolls and pension payments.   This is the classic definition of “insolvency”
·         We know that the last time our own national bank (Fed) raised interest rates was about ten years ago.  Raising interest rates is a routine monetary policy move indicating the economy is strong
·         We also know that the Fed has dropped rates as low as possible and they have been as low as possible for seven years.  Low rates means the economy is not strong
·         We also know that our own unemployment rate has been jiggered to make it appear strong vis-à-vis past measurement periods.  For political reasons.  Apparently it is okay when we jigger numbers or obfuscate facts or simply don’t address problems.  But it’s a big no-no for others to do the same
·         And we have no clue as to what happens next given our own economic situation because the Fed refuses to be specific about what happens if our economy gets even worse than it is
·         Oh, we overlooked one thing.  China is building and growing an economy – actually in a state of the most significant economic transition in the world’s history.  Similar to our situation in the early and mid 20th century.  How good were our statistics and reporting 75 or 100 years ago?
·         Last, we know this – Keynesian economics, based on the so-called “General Theory?  Doesn’t work.  Either the theory is flawed or the theorists are flawed or the practitioners are flawed.  Most likely, all of the above
We doubt very much that what is going on; the uncertainty that is now rampant; with the market taking away wealth rather than building it, a task normally reserved solely for our beloved government and its tens of millions of well paid, well benefited and very, very well pensioned bureaucrats, will end well.  We also know that these many governments across our land, today, are stronger, bigger than ever and gearing up for elections in a year.  So we know we are sure to get some very interesting observations with a much greater than usual smattering of finger pointing and, isn’t it strange, we are pointing our finger(s) at China instead of the outfit right here at home?  The one with the log in its eye.  The Fed.  And its endless, live for today, pandering to these governments.