Archive for the ‘Politics’ Category

My Thoughts on the Bin Laden Killing

May 10, 2011
  • I have to give President Obama credit.  He could’ve done three things.  (1) Nothing because it was too risky politically.  We’ll call that the Bill Clinton choice.  (2) Bombed the hell out of the place, killing lots of other people and destroying any proof of death; aka the George Bush choice.  Or (3) gone in with special forces in a daring raid, also known as the “Jimmy Carter that went right” choice.  Obama, correctly, chose #3, despite the huge risks.  If something had gone wrong, and we had another Black Hawk Down event, with the economy in the tank, Obama’s presidency would’ve been over and Al Qaeda reinvigorated.  Took big guts for him to make that call.
  • On the Friday before the assault, during the UK Royal Wedding, I commented to my wife that I had heard nothing about terrorists threats or security measures, etc.  While I’m sure security was tight, I remarked how inconsequential Al Qaeda had become.  Amazing what another 72 hours meant.
  • A football analogy…it’s not game over yet with Al Qaeda, but it’s late in the 3rd quarter and we’re up 34-10.  Yeah, could they grab a few turnovers, run a kickoff back and get in the game.  But most of us are switching to another game.  We’ve won this war.
  • The Obama administration really messed up the messaging after the operation.  It’s ok to say you killed an unarmed terrorist mastermind and show us the pics.  We can handle it.
  • This bump will not last for Obama.  It’s a great success, but doesn’t fix the economy.  However, it does show that Obama is willing to make tough calls.  He can use that, tangentially, with fiscal matters.  The problem is, he doesn’t want to.  He likes the government the way it is (big).  He has political capital with no market to spend it in.

Losing Jobs = Recession

April 24, 2011

Specifically, there is no such thing as a jobless recovery. If jobs are being lost, the economy still is in recession

Great line in this analysis of how bad GDP numbers are manipulated.

Alternative Fiscal Deficit and Debt – Scary Stuff

April 24, 2011

I am loving Shadow Government Statistics.  Very interesting reading.

One scary page was the 2010 Financial Statements of the U.S. Government.  The US government uses cash accounting – something a small business of 1-2 employees would use.  Meanwhile, in the real world, any company with more than 10 people uses GAAP accounting (or accrual accounting).

With GAAP, if you owe money in the future (like, umm, social security checks) to someone, you have to call it out on your financial statements now.  With companies using GAAP, this call-out usually becomes a liability (aka debt).  This attempts to clearly shows investors what the company’s future looks like.

But the federal government doesn’t do this.  If it accrues liabilities (like Obamacare or Medicare for baby boomers), the Feds don’t include these future debts in the financial statements. They just count the cash in and cash out in one year.  Like a babysitting business would.

This year, the Federal government ran a cash deficit of $1.294 Trillion.  An already disgusting number.  But, what if we required the Feds to use GAAP (just as GE, WalMart, and any other business does).  Oh, in that case, Shadow Government Statistics estimates the deficit this year at $5.3 Trillion (4X HIGHER!).

And what if we did this into the future?  Well, in that case, our already disgusting federal debt of $14.2 Trillion explodes to $76.3 Trillion in current dollars.

Who’s got that in their savings account?

This Guy is a Nut….But….

April 24, 2011

he does have the right to protest.

Requiring a multi-thousand dollar bond and installing other hurdles smacks of first amendment violations.

Give him his protest…to show how stupid it is.  Shame is a much more powerful weapon against these types of people.

Katie Kieffer Interview with Jason Lewis

April 22, 2011

Jason Lewis is one of my heros.  I listen to his show via podcast religiously.  If you haven’t heard him, you should.  But be warned; start listening to Jason, and all other radio talk shows will become second class.

Good interview with Katie Kieffer (who is not ugly BTW).

When Did I Sign Up for this New “Social Compact”

April 22, 2011

President Barack Obama kicked off his “Shared Responsibility, Shared Prosperity” tour last week with a spirited defense of progressive principles — hereafter known as America’s “basic social compact.” Now, for those of you who believe we already have an American compact in the Constitution, your selfishness is undoubtedly clouding your feeble memory.

There are several good things in this post, but my favorite is the simple point about how the only true social compact in American is the Constitution.  How liberals miss this and come up with their own “social compacts” – which they then go about forcing us to adhere to with new laws – shocks me.  But, to a liberal, they don’t even see the intellectual inconsistency of this.  To them, makes perfect sense.

Yuck.

Now that’s a scary cartoon…. (from 1934)

April 18, 2011

Wow, some things just don’t change.  Even in the 1930s some people still realized big government solutions to America’s problems just makes America worse.

But don’t tell liberals this….