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Archive for the ‘Geopolitics’ Category

USA Corporate Taxation Infographic by Mint.com

October 26th, 2011 No comments

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Categories: Activist Lunacy, Economics, Geopolitics Tags:

Digging

July 27th, 2011 No comments

Categories: Economics, General, Geopolitics Tags:

What is a “Feminist Economist”?

July 15th, 2011 No comments

Over at Ms. Magazine blog you’ll find an article entitled “A Feminist Economist Speaks Out: Deficits are a Grrrl’s Best Friend” that’s unintentionally hilarious in its absurdity. Be sure to read the comments.

I too responded with a comment but apparently the moderator found it too offensive to post. I’ve reproduced it here:

The magical thinking behind this article is breathtaking. It is the inflationary currency devaluation insanity that most advanced economies learned not to engage in decades ago. Recall the stagflation, price controls, astronomical interest rates, gas rationing and general malaise of the ’70s under Nixon and Carter? You don’t because you’re too young? Educate yourself and you’ll see why responsible people wish to avoid it.

The premise of this article is a non sequitur. Think printing. A mouse click in the Treasury is NO different than printing Dollars to increase the money supply when it isn’t supported by growth in the economy. Issuing Treasury Bonds is selling debt and is exactly like a national credit card. The global economy buys these bonds which must be paid back by USA taxpayers WITH INTEREST. Failure to make scheduled payments is called Sovereign Debt Default. If you wish to understand how the inability to print dollars makes a difference, read about any state that’s in financial trouble due to abysmal bond ratings (think California, Illinois, etc.). The low credit rating means less interest and more risk in buying their bonds because of mismanagement of state economies, i.e. structural deficits (spending more than your revenues). These states have higher borrowing costs. There’s a reason many states have balanced budget amendments.

Want to see the future this “feminist economist” (what the heck is that?) would produce? Look at Greece, who spent 115% of their annual GDP (Gross Domestic Product) for years. They’re being bailed out by the EU (really, the frugal Germans, Europe’s largest economy). Point being, no entity is large enough to rescue the USA if we continue on this unsustainable path. The USA, with 5% of the global population produces 25% of global GDP.

Bottom line: Spending does not create economic growth. It’s exactly the inverse. Also, don’t source your information from ideologues who bend facts to suit their world view. Anyone who places “feminist” before their job title falls into this category.

Categories: Activist Lunacy, Economics, Geopolitics Tags:

Economic Freedom & Quality of Life

July 13th, 2011 No comments

Categories: Economics, General, Geopolitics Tags:

Egypt: Won’t Get Fooled Again?

February 11th, 2011 No comments

I’ll tip my hat to the new constitution

Take a bow for the new revolution…

Meet the new boss

Same as the old boss

Categories: General, Geopolitics Tags:

Decision Points vs. He Points

November 17th, 2010 No comments

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Categories: Economics, General, Geopolitics Tags:

Force Fed Up

November 6th, 2010 No comments

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vox populi

November 2nd, 2010 No comments

A timely observation. Make your voice heard.

 

“Because half a dozen grasshoppers under a fern make the field ring with their importunate chink, whilst thousands of great cattle, reposed beneath the shadow of the British oak, chew the cud and are silent, pray, to not imagine that those who make the noise are the only inhabitants of the field; that, of course, they are many in number; or that, after all, they are other than the little, shriveled, meagre, hopping, though loud and troublesome insects of the hour.” – Edmund Burke

Categories: Economics, General, Geopolitics Tags:

Special Interests

July 14th, 2010 No comments

“Beware when the political class preens about protecting us from ‘special interests.’ The most powerful, persistent and anti-constitutional interest is the political class. Bradley Smith, former chairman of the Federal Election Commission, says that Disclose should stand for Democratic Incumbents Seeking to Contain Losses by Outlawing Speech in Elections. It is a reason for voters to multiply those losses.” –columnist George Will

Categories: Geopolitics Tags:

On Crony Capitalism and Serving Political Masters

April 25th, 2010 No comments

Ms. Docherty:

Please, spare me the victory lap! Being a wholly owned subsidiary of the Federal Government and their UAW cronies, it seems GM Management has picked up the politician’s predilection for lying by omission while insulting our intelligence. What arrogance!

Regarding the GM balance sheet, those of us paying attention know that the U.S. and Canadian governments decided, more or less arbitrarily, to classify some $6.7 billion of its aid as debt and an estimate of $52 billion in equity. That $52 billion represents nearly 90% of the government money given to General Motors. None of that has been repaid.

According to TARP Special Inspector General Neil Barofsky: “I think the one thing that a lot of people overlook with this is where they got the money to pay back the loan. And it isn’t from earnings….It’s actually from another pool of TARP money that they’ve already received. I don’t think we should exaggerate it too much. Remember that the source of this money is just other TARP money.”

Understanding that the last real, private company CEO was summarily dismissed by the current administration’s Mandarins, it’s obvious why you would lick the hands of your masters by carrying out their political directives. Pretending it is otherwise is disingenuous and only adds to the fury of taxpayers funding this outrageous crony capitalism. You know there’s only one real way for GM to regain respect of the cognoscenti.

Sincerely,

Ron Bischof

On Apr 24, 2010, at 1:27 PM, Your GM Team wrote:

Dear Ron,

We are proud to announce we have repaid our government loan – in full, with interest, five years ahead of the original schedule. We realize we still have more to do. Our goal is to exceed every expectation you’ve set for us. We’re designing, building and selling the best cars and trucks in the world. Like the award-winning Chevy Malibu, the all-new Buick LaCrosse, the versatile Cadillac CTS Sport Wagon and the innovative GMC Terrain, just to name a few. We invite you to learn more about the new GM and join our community, by visiting gm.com.

Susan E. Docherty
Vice President, U.S. Marketing

Categories: Economics, Geopolitics Tags: