Low Inflation…Apparently Is A Bad Thing? According to the headline in my local paper;
The headline is a link to the full article, but here are a few “precious” quotes from the article…Sorry to Adam Smith;
“what the global economy could use right now is a dose of higher prices.” [perhaps the authors have not ridden to the gas pumps or shopped at the grocery store lately]
“The reason to live Rand’s philosophy isn’t that it’s good for the world. That’s altruism talking. The reason is that it’s in your own best interest to live Rand’s philosophy. Do you want to have integrity? Do you want to devote yourself to creative, constructive work? Do you want to be happy and wealthy as a result?…We’ll help you by showing you how others have done it, by profiling both the heroes who make our world great and the villains out to destroy it.”
Now that we’re into Day 2 of the Apocalypse AKA The Sequester Americans seem to be responding with a healthy ho hum. While I live in Western Pennsylvania where the sun rarely comes out in the winter, but it’s light out so I have faith that it is out there somewhere. The world did not end. It is still early and Chicken Little who lives in the White House is still running around screeching that the sky is falling. Don’t get me wrong as I have no doubt that he will do his best to make the sky fall, but so far he has been ineffectual. Even the New York Times called him on his scam. That has to be a bitter pill to swallow when one of your friendly media outlets calls you out. Ouch!
I am not totally shocked that Mitt Romney lost. I felt uneasy going in, but really was hopeful that folks would at least recognize that Obama’s policies were and are bad for America. Living in Pennsylvania we Republicans never have a say in who is nominated for president. I certainly did not like Mitt, but grew to respect him and like the ticket when he added Paul Ryan. Obviously not everyone agreed as many conservatives stayed home and many voted for others. Reading the news and reports since the election there seems to be plenty of blame to go around the Republican camp. One thing that bothers me about the Republicans is how all of the crap comes out AFTER we lose. The crap is carefully hidden.
Daniel Powter sang about having a bad day, but Obama’s next career, besides criticizing President Romney and organizing things, may be as a singer. His one hit may be titled With Friends Like These. Without further ado…
Washington Post and Richard Cohen had this article:
In their defense they did use the word “seems” in this article, but it was rather blunt for a liberal newspaper;
I hesitate to call my list “news stories” because many of them have not been covered by the Obama-media because they would make the liberal administration look like the miserable failure that it has been. On with the list.
- The Economy: If you look past the cheerleading reporting that the recession is over and jobs are being created, and a falling unemployment percent, you might just see how bad things still are. I don’t remember a time where I have sweated my employment for so long. I am not consumed, but the gnawing feeling is always there in the background. As of November 2011 the U6 Unemployment (U-6 = Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force) rate is 15.6 percent.
Some quick predictions about Obama’s “State of the Union” speech tonight…
There’ll be plenty of WHINE:
- I inherited massive debt from you know who
- I inherited a really poor economy
- I inherited four trillion dollars in debt
- I inherited two unpaid for wars
- You should pay no attention to the massive debt that I have incurred
- It would be a lot worse if I hadn’t done what I did (try and prove otherwise)
- 9 out of 10 economists agree with me (I ask the ones in the White House every day – it’s really 10 of 10, but I wanted to make it real)
I spent part of my career working as the environmental manager for a large waste firm. I was part of a new management team that was coming into an older landfill facility that had a less than stellar reputation. When I considered leaving and taking the position I asked a colleague about the company and facility since he worked with them a lot his advice was that “they could sure use the help.” I took the challenge and spent nearly eight years with the company. Most times I likened my days to what a surfer must feel like with a big wave. I always had my day planned, but once I got on that wave it took me places that I had not planned.
“Top Democrats and Republicans in Congress prepared new proposals to avert a government debt default and a potential global financial crisis.”
That’s the lead paragraph from a story in today’s paper. What should scare you is when Democrats and Republicans agree on something the public generally gets screwed. I believe that both sides realized that they set up this “battle” and now that the public is watching they are not sure how to get out from all of the rhetoric that they have been spreading. What both sides agree on is that they both want desperately to get re-elected and regain power. Even a little power is better than none and they are more than willing to squander our money, our children’s money, and our grandchildrens’ money to maintain their power. Here are few facts as I see them: