Tuesday, February 12, 2008

General Motors & Divorce

In a move to cut the fat and improve productivity, GM is offering many of its workers $140,000 to sever all ties.

My wife wanted to sever all ties but she demanded a lot more. Maybe the GM workers should hire her lawyer.

Me? Next time, I'm outsourcing. Strictly mistresses. Sure the up-front costs are higher, but the close-out costs are low. And think of the value!

Sunday, February 10, 2008

Yes, We Can


We usually rely on artists to inspire hope and lately, we could count on politicians to inspire fear. This election, Barack Obama has reminded us of how we recognize true leaders and why we willingly follow them. By engaging our need for spiritual excellence, good ideas that would be impossible to implement if only self-interest were engaged, become feasible and attractive.

Artists, inspired by him, remixed his "yes, we can" speech with music and video. It has already been viewed nearly 4 million times. Make it one more, if you haven't seen it or if you want to lift your spirit again. Obama is like the first hints of spring after a long, cold winter. Yes, we can elect him President. Indeed, we must.

Sunday, February 03, 2008

The Republican 'Party' is Over

Republicans controlled the White House, both houses of Congress, and the Supreme Court for 6 years. Instead of using this time in absolute control of Washington DC to implement the party's agenda, they have only proven the maxim 'power corrupts'. The party of small government instead presided over a record-setting growth in government. The party that urged isolation instead led America on the largest nation building efforts since the Marshall Plan. The party that warned against the growing national debt and preached the blessings of a balanced budget instead drove the budget from surplus to $500 billion annual shortfall and doubled the cumulative national debt. The party that claimed competence instead proved itself a miserable failure at management; the catatonic response to Katrina is a national disgrace, they institutionalized vote peddling to lobbyists , and their craven bumbling on the economy threatens the commonweal for generations to come. While their candidates debate how much fealty to pledge this failed administration to win the primaries, they fear the consequences in the general election. Even the most dedicated Republicans must wonder how their dreams have turned to dust.

Friday, January 25, 2008

Addicted to $timulation

Although they say that the economy is healthy, the administration also now says that we must stimulate it immediately with $150 billion. This is like your doctor saying you're healthy but adding, hey, since you're in the office, why don't I give you a shot of adrenalin right in the heart. To the trillions given away in the last tax cut, add the trillion dollars spent on Iraq, and you've got a mountain of unpaid expenses. Like a 'nightcap' after a night of binge drinking, another $150 billion won't make a huge difference either way.

Politicians in both parties are always happy to give away money. They only argue about who should get it. There is no reason to trust this administration to design a stimulus package that won't make things worse. The problem with any stimulus package, even one agreed upon by both parties, is that our current situation is a consequence of the 6 years of continuous, strong economic stimulus we've already had. Maybe any stimulus will only delay the inevitable day of reckoning.

Basic macro economics says the next step is inflation, maybe rampant inflation. Our advantage over third world economies is that our debt is denominated in our own currency. Inflation actually helps the debtor, so long as they can pay with inflated currency. Fortunately, the the new bankruptcy laws, which benefit the lenders, don't apply to us as a nation.

Thursday, January 24, 2008

Re- Baathification?

The Iraqi Parliament shook off its stupor long enough to pass a law allowing former (?) Baathists, the Party ruled by Saddam Hussein, to join the government. This law replaces a 'de-Baathification' law in place since the US invasion. Sounds to me like re-Baathification. Since this administration is so fond of comparing Hussein to Hitler, maybe they can explain why we should have encouraged West Germany to allow former (?) Nazis to join the government in the late 1940s.

Thursday, January 10, 2008

'Hormuz' is Iranian for 'Tonkin'


Bright blue speedboats with no sign of weapons 'attack' in broad daylight in the Straight of Hormuz off the Iranian coast. Oh, scary! The sailor on the 'coalition' warship asks over the radio for the 'unidentified' boats to state their intentions.

Maybe they forgot their sunscreen and just wanted to ask the nice sailor boys to share.

Mr. Olmert, Tear Down this Wall!

Israel built a wall, over 400 miles long and up to 24 feet high, to protect Israeli settlements from angry Palestinians. This wall also separates Palestinian towns from one another, making normal commerce and community impossible. This is the Palestinians' “Wailing Wall”, a potent symbol of their oppression. The wall constitutes a major impediment to achieving lasting peace.

If Bush had any courage, he would echo Reagan's demand of the Soviet leader Gorbachev that he remove the Berlin wall. Bush would challenge the Israelis to live up to the promise of their state and maintain a hope for peace. Don't hold your breath. More likely the Republican candidates will propose to contract the Israelis to build a wall between the US and Mexico.