Posted: 07 May 2009 09:20 AM PDT
I had the pleasure recently of watching conservative comedienne Al Sonja-Schmidt perform as part of the Right to Laugh comedy tour at the laugh Factory in Hollywood. Evan Sayet hosts the event.
eric aka the Tygrrrr Express
Posted: 07 May 2009 08:13 AM PDT
A couple very interesting pieces caught my eye today to which I am going to link up here.
First though, congratulations are in order to the writer of the first link, Ed Morrissey who writes for Hot Air has his first weekly column published with American Issues Project, titled "The Whim of a Madman."
In one scene from the movie, "Speed," Dennis Hopper cackles with glee when a news reporter describes his hostages as being held at "the whim of a madman." Hopper's character repeats it twice, clearly delighted by the description, and at the sheer power of being allowed to act as irrationally as he desires.
Read the whole thing, it is quite eerie what the Obama administration is trying to do and a great thing that it has become so public.
That piece leads right into the second article that caught my eye, from Forbes, who explains why investors are leery of Obama's bait and switch schemes and are not falling for them.
But on the other hand, lots of things are not happening. Many investors are sitting on the sidelines, as is much money. Why? Because it is impossible to know what the rules of the game are. And that's because the administration and the Congress keep changing the rules in capricious ways in pursuit of larger political objectives.
Forbes also provide specific examples:
Investors, other than the banks who desperately needed TARP funds for survival, are leery of any program that uses them. Anyone who took TARP funds has been subject to government interference in managerial decisions. The restrictions on bonuses and executive pay have been widely discussed in the media. Less well known are restrictions on the banks' ability to hire foreigners, and the constant harassment by Congress over internal management decisions on everything from the use of private aircraft to the locations of conferences. Some of these concerns are well justified, of course, but it wasn't clear ex-ante what all of the rules were and it isn't clear ex-post either.
The piece was written by Thomas F. Cooley, the Paganelli-Bull professor of economics and Richard R. West dean of the NYU Stern School of Business and the concluding paragraphs explain why investors will not subject themselves to the "whim of the madman."
Why would private capital get involved when the rules of the game are so capricious? No one would take that gamble when it is clear that, in dealing with the government, private capital will always take a back seat to politically powerful entities.
Without investors, the confidence gaming schemes cannot work and investors with the kind of money that could help our economy are not going to invest when they know they are handing over control of their hard work, their business savvy and their profits to the whims of politicians and what is best for those politicians at any given time.
That is not how capitalism works folks....that is called socialism, where the government controls everything.
No business owner, or investor that worked for their money to begin with, is going to willingly hand control of their companies, nor their money, to the government... not without a fight.
Posted: 07 May 2009 07:52 AM PDT
Well Obama promised to trim excess off of federal budget and he did.... as the title says, he trimmed "one-half of 1 percent of the $3.4 trillion budget," which adds up to $17 billion.
Then he pumped that right back into domestic programs.
Obama's promised line-by-line scrub of the federal budget has produced a roster of 121 budget cuts totaling $17 billion — or about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year. The details were unveiled Thursday.
Of course, as Wapo explains, many of these cuts have been tried before and didn't go over so well with Congress.
Of course administration officials are defending this by saying they will continue to look for more "line by line" items for additional cuts.. I wonder what programs that "saved" money will be pumped back into?
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