Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Recent Entries
Sunday Overnight Open Thread (11/3/24)
Gun Thread: First November Edition! Food Thread: Generic Thread [Insert Boiled Beef Here] First-World Problems... Are We In The Endgame Of The Ukraine Fiasco? Lockheed Martin, Raytheon, General Dynamics, And Boeing Hardest Hit! Sunday Morning Book Thread - 11-03-2024 ["Perfessor" Squirrel] Daily Tech News 3 November 2024 Saturday Overnight Open Thread (11/2/24) Saturday Night Movie Thread [moviegique]: The Bad and the Beautiful (Megalopolis, Joker 2 & more) Hobby Thread - November 2, 2024 [TRex] Absent Friends
Bandersnatch 2024
GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
|
« Perry Still Leading, Oh and There Is Another Debate Tonight |
Main
| President "Pass This Bill" To Lecture Congress To "Pass This Bill" »
September 12, 2011
DOOM: If heartaches were nickels, I'd be the richest fool aliveAny time you read a story in the leftist press about the greedy, money-grubbing leeches of Wall Street, remember this piece. Wall Street is full of people with ethics, morals, and courage, and that was on full display in the days and weeks after 9/11/2001. “Pass this bill!” Except there is no bill so far. Just a huge revolving gas-cloud of unfounded assertions, strawman arguments, magical thinking, nonsense, and political expediency. Obama should have just stayed on vacation. The Greek endgame is very close now. The markets are going to open ugly this morning, and it's mostly because of the looming Greek default. I expect some dramatic developments this week. Here's the real question confronting the Eurozone right now: Will Greece leave the union...or will Germany? Santelli schools Tom Friedman. Sweet as candy. How do we save the US economy? By implementing a consumption tax, silly! (Editorial comment: I hate an actual VAT, but I do think some sort of consumption-based tax is inevitable, given our slowing economic growth. Income taxes really only work when the GDP is growing quickly. And if we do go down the consumption-tax road, I want it in place of the current income-tax regime, not in addition to it.) Why the “stimulus” failed. It failed because it was badly designed and badly implemented, and performed more as a service to Democratic constituents than for alleviation of overall hardship. It was a tool to expand the reach of government, little more. Note to Democrats: employment is a side-effect of business growth. If you want to increase employment, you have to make it easier for businesses to operate and grow. Perry is right about SS being a Ponzi scheme. People who argue in favor of SS aren’t arguing against Perry; they’re arguing against math. Money that can’t be paid out, won’t be. Period. Yet even more “green” FAIL: Solyndra raided by the FBI. That’s what you turds get for embarassing His Majesty! Union thuggery at its finest. But make nice with His Majesty and all is forgiven! Laws are for the peasants and tradesmen; His Majesty's minions may act as they please, for it pleases His Majesty to allow them to do so. Teh Bernank speaks. The business world rolls their eyes and wonders when this boring doofus is going to leave. Speaking of doofuses: I include this story only because you don’t often read the word “doofuses” in the financial press. Also: such language for a lady! How do you convince business to begin investing again? Stop treating them like criminals. Stop using class-war rhetoric. Reduce taxes. It's not difficult, really. But President Obama will do none of these things. Why? Because it's not so much that he can't hide his anti-business agenda so much as he doesn't want to. Businesses are only important to him to the extent that they help him politically (Solyndra), and they cease to matter when they become an embarassment (Solyndra again) or a hindrance to his ideological goals (Gibson Guitar). I am a musician of sorts and a guitar geek, and it’s not often that my musical passions intersect with my interest in economics and politics. Judging by the reaction to the raid on Gibson Guitar I’ve seen on the various guitar boards and forums, there is a heavy "Tea Party" vibe to the outrage. Few musicians lean conservative, but many are libertarian, and this event seems to have galvanized lots of them. Older workers are displacing younger workers. I saw this coming -- the pressure on Boomers to work longer to prop up their retirement savings is preventing employment "churn" that opens doors for new workers coming in at the bottom. When a senior worker retires, it tends to have a ripple effect as other workers are promoted and move up: it opens positions at the bottom for new workers. But since the older workers are deferring retirement, those slots aren't opening up. And since older workers often make multiples of what a younger worker does (both in salary and benefits), corporations don't have a strong motivator to expand, lacking any genuine growth opportunities in their respective sectors. So here's the irony: not only are young people being asked to fund a welfare state mainly directed at older people, they are also being prevented from entering the workforce by those very same elders! UPDATE 1: Greek 1-year debt? 108% percent, baby! That's how investors in my old neighborhood say, "Just default already, you broke-ass motherf***ers!" UPDATE 2: Walter Russell Meade, "Europe slips as Greece falls". Creating a monetary union without a true federal government is looking more and more like the biggest European policy mistake since Britain and France let Hitler have the Sudetenland. UPDATE 3: From the sidebar, there was an explosion at a French nuclear plant. It looks to be an accident and not a terrorist attack at present. UPDATE 4: The rise of "private cities". I see this trend accelerating as the world continues urbanizing, particularly in the developing world. --------------------- | Recent Comments
Mr Aspirin Factory, garbage human:
"I would expect a few random outages as the utility ..."
Bebe Ives: "Woman B: I think looking at porn has certainly des ..." Anonymous Rogue in Kalifornistan (ARiK): "Any minute now...... ..." Alberta Oil Peon: " Shit. Power just went down. Posted by: Mike Hamm ..." Joe Kidd: "364 And scoping out your fire lanes. It might ma ..." [/i][/b]andycanuck (hovnC)[/s][/u]: "Cleanup needed before you retire for the night, We ..." Eromero: "362 But how many self-defense engagements take pla ..." Mike Hammer, etc., etc.: "Shit. Power just went down. ..." Verna Sapp: "In 2004, Justin Timberlake was onstage and perform ..." [/i][/b]andycanuck (hovnC)[/s][/u]: "But how many self-defense engagements take place a ..." Mirta Bassett: "Variety pointed out that, "Anderson, exhibiting so ..." Joe Kidd: "Had a three hour phone call with my kid sister. S ..." Recent Entries
Sunday Overnight Open Thread (11/3/24)
Gun Thread: First November Edition! Food Thread: Generic Thread [Insert Boiled Beef Here] First-World Problems... Are We In The Endgame Of The Ukraine Fiasco? Lockheed Martin, Raytheon, General Dynamics, And Boeing Hardest Hit! Sunday Morning Book Thread - 11-03-2024 ["Perfessor" Squirrel] Daily Tech News 3 November 2024 Saturday Overnight Open Thread (11/2/24) Saturday Night Movie Thread [moviegique]: The Bad and the Beautiful (Megalopolis, Joker 2 & more) Hobby Thread - November 2, 2024 [TRex] Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |