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Arnold Makes a Noble Stand. We will See if He Can Fight Off the Hoards of Barbarians at the Gates.

Arnold Makes a Noble Stand. We will See if He Can Fight Off the Hoards of Barbarians at the Gates.

 

Abstract: California is finished and can only beg Obama for alms. Arnold is standing firm. Some lessons will be learned from this, we hope.

 

California has so many drug-crazed loony-bin yoyos in circulation that they have no financial future.[1] [2][3]Their credit rating is crap;[4] their society is misdirected[5] toward feel goodisms, drug follies and group sex. They believe that endless tax increases[6] will provide a Great Society with justice for all even the loyal illegal aliens who vote for more handouts and freebies.

 

Arnold now stands like Conan and the voters stand behind him.[7] He has sharpened his ax and confronts the charging hoards of barbarians and now asks: Do you want to live forever? He stands firm but cannot stop the slide into the financial abyss. Issuing IOUs is an interest free loan that may or may not ever need to be paid back. The greedy, drug-crazed leftist parasites that hold the majority in their so-called government in Sacramento refuse to cut salaries of their benefactors and masters. The end is at hand.

 

To wit:

 

It’s time for the legislature to send me a budget that solves our entire deficit without raising taxes.”[8]-- Deficit forces California to issue IOUs By Matthew Garrahan in Los AngelesPublished: June 29 2009   [Emphasis is mine in all quotes.]

 

Education funding is protected under the state’s constitution while payments on the state’s bond debt are also guaranteed under state law.”-- Deficit forces California to issue IOUs

 

Will that law protect all the teacher’s salaries?? The highest in the world?

 

Tax-whoring is all they know in the cities of California.

 

Only O’Bozo can save the left from cutting thousands of losers, parasites and druggies off the public dole in what is now the Brown State. The gold is gone, the morality is gone, the sobriety is gone.

 

rycK [a 5th generation Californian in Exile and removed from this mental infection. ]

 

 

Comments to: ryckki@gmail.com

 



[8] Deficit forces California to issue IOUs By Matthew Garrahan in Los Angeles

Published: June 29 2009  http://www.ft.com/cms/s/0/1940d18e-64cf-11de-a13f-00144feabdc0.html

 

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An Economic Parade of Swans: White, Black and Now Brown, the Ugliest Swan.

An Economic Parade of Swans: White, Black and Now Brown, the Ugliest Swan.

 

Science has progressed to lofty heights since Aristotle mismanaged the thought processes necessary to mathematically describe and unravel the laws that govern our environment. We have impressive mathematical theories and models that give us predictions like what we were prepared to experience from the Limit to Growth published at MIT in the 70s. Here, using the best minds and the power of the computer the ‘Club of Rome was able to confidently advise us that we would run out of oil and natural gas by and other disasters. This should have been a warning. This was hatched from hokum and blow from the beginning.

 

The details of phony science in this instance:

 

This  famous and phony ‘computer study’ was conducted by MIT in 1970  and published in a book title: Limits to Growth [1] whose sophistical computer models clearly predicted, with ringing praise from the ‘scientists,’  that we would run out of oil, copper and lead by 1992 by and natural gas reservoirs by 1993.  Apparently, they missed a few inputs as their GIGO[2] reward is all they have left as material results. I confronted the original authors in person in the 90s in an ‘innovation conference’ attended by many scientists from some major corporations where they proudly announced that they were working on a second book. They could not seem to apologize for the implausible predictions in the first book and refused to admit that they were scientifically foolish, at best, so I failed to buy and read this second essay on the extended political corruption of science and dropped the matter.  Here, we get a peek into the inner sanctum of the politically driven ‘scientist’ of the leftist persuasion: they carry a mandate to compel the findings of any scientific study conform to their sleazy, left-wing political prejudices.  Thus, they can make weightless cars that run on cold fusion or other magical propellants and prevent the rest of us from greedily destroying our planet during our sordid lust for money. They know what Nature wants for us. They are wonderful.

 

But, we cannot say that the publication of this scientifically hollow piece of political fluff was not without its fanatical praise and song from the left, a bunch always looking for a new way to lose.  It was a sensation.[3] The liberals need ongoing stimuli from dark follies and hand-wringing chronicles like Silent Spring[4] to keep their fevers high and their morale low.[5] That may explain whey so many liberals are drug addicts, sodomites and alcoholics.[6] I offer Tim Leary and Carl Sagan as examples.

 

So, that problem is with us and is apparently part of the genetic makeup of the left.  It must be like grits in the Carolinas: it just comes on the plate.

 

But, in a more serious arena where real money is on the drum, so to speak, the ‘scientific’ types need to conjure up some models and prediction algorithms that actually work in the market place if they want to keep their jobs.  Their nattering and propaganda messages work politically but cannot pay the bills. A product that performed fiscally like Limit to Growth would get the whole group terminated in the business world. Profits are a more serious element in business than in academia where nothing is sacrosanct.

 

Some years back the market traders decided to employ physicists, mathematicians and other persons trained in the hard physical sciences to develop models to make money in hedging and other investment techniques in equity markets. The philosophy here was similar to what Dr. Edward O.  Thorpe[7] developed for the game of 21 or black jack [8]and published in his book Beat the Dealer in 1962. This actually worked well and was thoroughly tested in the U.S. Navy by this person during the View Nam war. It functioned by adjusting the bet size according to a card count scoring system where little cards favored the dealer, big cards the player and 7, 8 and 9 were neutral. As the deck was consumed during the progress of the game the count might shift in favor or the player or dealer depending on randomness.  So the player bets the minimum at times and only enlarges his bets when he gets a favorable card count. It is interesting that in informal play [in the military in this case] the  player who counts can use the card count to advantage as a player and also as the dealer when the deal goes to the next black jack hand[9] if the players will permit the dealer to shuffle at any point in the deck. They always did. Thorpe apparently went on to be a hedge fund manager. He reports “an annualized 20 percent rate of return averaged over 28.5 years,” which is as convincing as his black jack results, or mine in two cruises to Viet Nam.[10]  White Swans work for the successful.

 

So, it can be done…it seems.

 

Another version was LTCM or Long Germ Capital Management.[11] This bunch of scientists and a Nobel Laureate in Economics averaged 40%returns on their investments in the years after its founding in 1984 and then promptly lost nearly 5 billion dollars very quickly and folded. It seems the math models functioned well, for a while, as they were working bond arbitrage deals with sovereign bonds from the U.S., Japan and European countries. They leveraged their working capital 25:1 and something snapped. One notable causality was Jon Corzine, the current governor of New Jersey. This leverage is very high risk, so they must have truly believed that their model would treat all variables, however remote or probabilistically improbable they might be. The model failed because of the Black Swan effect.

 

So, it can be done…it seems—if the math model is alert for certain unseen events to avoid massive loses.

 

The concept of the Black Swan comes to us from the epistemologist[12] Nassim Nicholas Taleb[13] and is based on the notion, seen everywhere in complex systems, that a confluence of events can produce “…randomness, particularly large deviations […from predicted norms.]” thus producing erratic results and nasty outcomes.  Advancing this notion a bit further we note that many ‘scientists’ can form elegant theories and explain the mysteries of the universe from a set of randomly generated numbers. Great discoveries like polywater[14] and cold fusion[15] are based on this method.

 

Taleb regards almost all major scientific discoveries, historical events, and artistic accomplishments as "black swans" — undirected and unpredicted. He gives the rise of the Internet, the personal computerWorld War I, and the September 11, 2001 attacks as examples of Black Swan events.”

 

This is a polite way of saying that the White Swans theories, taught at good schools by honest persons, are seriously defective and that our notions of planning and experimentation are based on the proffered offal from the Goddess of Serendipity.  Chaos is the final designer according to him. So, we make our best ‘educated’ guesses and we guess wrong and we try again in the normal world until we stumble on to something new. The steam engine was created in that manner. We suffer, for example, under permissible White Swans theories such as the nonsense that Colin Powell gives us in his sophomoric military theories.[16] If we follow the Powell Doctrine carefully we can never go to war in the first place as the process is as complex, or more so, than the LTCM mess out on Long Island a decade or so back. We can never answer his questions with any degree of certainly. This, then, becomes something like a Gray Swan where there is no substance and it swims by unnoticed. Powell’s doctrine is no sounder than the nonsense we got from Rachel Carson in Silent Spring, the sophistry in  Limit to Growth or the story of LTCM. His phony doctrine is an essay in circular logic and obfuscation is the prime objective of this theory. Fumblers like this are useful idiots to the anti war swarms and Colin is one of their case stooges. Al Gore, for example is our new Lysenko[17]. His lack of respect for simple logic, the truth and the scientific method are legendary.

 

So, White Swans are okay for a while and work most of the time until a Black Swan swims by and sullies the pond. There is nothing unusual or startling about the notion that our models and such cannot accommodate wide variations in parameters in any physical, chemical or economic system. We are just not that bright. But, ignorance is important in political arenas and the masses don’t even know about swans in the first place. But, it can be much worse. We can have [or create] a Brown swan.

 

The Brown Swan thus becomes a useful political tool as the  theory is simply based on using White Swan rhetoric, but holding the Black Swan’s appearance in reserve as the excuse for the failure of the original theory. We can conveniently construct a phony plan that will fail miserably and then accuse the Black Swan of pooping into the serene waters. Thus, when Global Warming turned to Global Cooling and made the EcoNazi jerks look like fools[18] because they promised and promised that the earth’s surface was warming and warming and it didn’t. This form of a Brown Swan may be subcategorized as a Green Striped Brown Swan so as to properly move this into the loony bins with the rest of the EcoNazi rants.  We can have Red Striped Brown Swans to describe lies from social maggots such as Hugo Chavez as their command economies always seem to crash in the near future and they know that so they need a good slimy lie to entice the masses to jump over the cliffs. We wait anxiously for ‘land reform’ from Hugo and his stooges.

 

Now, for the immediate future, Obama can parade a variety of striped and polka-dotted Brown Swans before us to explain how his programs to ‘stimulate the economy’ and ‘save or create 3 million new jobs” and “solve the health care problems” and so on and so forth failed because of the interference of Black Swans. So far, nothing this guy has tried has worked. The Idiot Euro-Peons[19] failed to accept his psychotic notion of quantitative easing [printing money with reckless abandon] and have thusly criticized the US for trashing their own credit ratings and probably the currency as well. The ‘stimulus’ only stimulated the growth of government.

 

Any form of failure may, thusly, be attributed to Errant Swans who sail into a perfectly good pond and scatter the wildlife and scramble the laws of physics. Any lie or perversion can then be explained and such excuses parlayed into a vast political network to show that liberalism is always perfect and that capitalism, the Blue Swan, has wrecked, again, our wonderful society.

 

The Blue Swan works for me.

 

rycK [a 5th generation Californian in exile]

 

Comments to: ryckki@gmail.com

 



[1] The Limits to Growth in 1972. http://en.wikipedia.org/wiki/Limits_to_Growth.

[3] Like that mysterious feeling in Chris Mathews’s leg during the Obama Philadelphia speech.

[7] http://en.wikipedia.org/wiki/Edward_O._Thorp. He was a student of Angus Tayl0r, Chairman of the Math Department at UCLA who produced the worst text book on advanced  calculus that the world has ever seen. Hopefully Thorpe learned math before he met this bozo as many of my fraternity brothers at UCLA will willing attest. He tormented the frosh.

http://en.wikipedia.org/wiki/Angus_E._Taylor

 

[9]  A two card hand consisting of one ace and a jack, sometimes any ace but only one of the two black jacks. Since there is no ‘house’ it is only fair that the next dealer is the one who gets the next natural black jack.

 

[10] I did as well or even better in play while in the Navy even after explaining how the system worked to the unbelievers who insisted that nobody had such a system.

 

[12] The branch of philosophy that studies the nature of knowledge, its presuppositions and foundations, and its extent and validity. http://www.thefreedictionary.com/epistemological

 

[13] The Black Swan: The Impact of the Highly Improbable http://en.wikipedia.org/wiki/The_Black_Swan:_The_Impact_of_the_Highly_Improbable

 

[17] The EcoNazis and Reality: Klaus Offers to Debate Al Gore.

http://rycksrationalizations.blogtownhall.com/2008/05/29/the_econazis_and_reality_klaus_offers_to_debate_al_gore.thtml

 

Al Gore Acts Like a Ghoul as He Explains Away Tragedy for Profit

http://rycksrationalizations.blogtownhall.com/2008/05/07/al_gore_acts_like_a_ghoul_as_he_explains_away_tragedy_for_profit.thtml

 

The Blow: All Atmospherics, No Climate. The Facts: None

http://rycksrationalizations.blogtownhall.com/2008/04/19/the_blow_all_atmospherics,_no_climate_the_facts_none.thtml

 

There Is No End To The Tax-Whoring By Climate Control Lunatics.

Posted by rycK on Friday, April 04, 2008 10:43:11 AM

http://rycksrationalizations.blogtownhall.com/2008/04/04/there_is_no_end_to_the_tax-whoring_by_climate_control_lunatics.thtml

 

Trolling for Stooges: The New York Times Endorses Carbon Baloney Auctions

Posted by rycK on Saturday, March 15, 2008 11:57:57 AM

http://rycksrationalizations.blogtownhall.com/2008/03/15/trolling_for_stooges_the_new_york_times_endorses_carbon_baloney_auctions.thtml

 

Can the Global Warming Zombies Admit they look like Fools Yet??

Posted by rycK on Thursday, February 28, 2008 4:49:57 PM

http://rycksrationalizations.blogtownhall.com/2008/02/28/can_the_global_warming_zombies_admit_they_look_like_fools_yet.thtml

 

An Open Letter about the Final Solution to Global Warming and How to Save California from Burning.  Sunday, February 10, 2008 11:46 AM

http://rycksrationalizations.townhall.com/g/c779aad4-14b7-4ba9-a414-43e5c8cde7c8

 

The Biggest Phony Tax Gouge in the history of the Universe: The Clintons and the UN Needs Your Money.  Thursday, January 31, 2008 12:21 PM

http://rycksrationalizations.townhall.com/g/a63bc831-efec-4cb7-ba1b-32198a650dab

 

Fat Albert Waddles Off To Bark His Global Warming Follies As The Russians Buy Furs.

Thursday, January 03, 2008 3:01 PM

http://rycksrationalizations.townhall.com/g/30ecc2d0-4fbd-4f44-af13-b823625e0d9a

Quack Science, Global Warming and the Wild Flight from Reason: Is Al Gore our New Lysenko?

Friday, December 21, 2007 12:04 PM

http://rycksrationalizations.townhall.com/g/7063dcde-b734-46bb-afa7-e2dbc26930fa

 

The Third World Gets a Chance for a Massive Global Tax from the US.

Saturday, December 15, 2007 12:37 PM

http://rycksrationalizations.townhall.com/g/fc95a801-ec40-4bc1-b215-7459f65d25a4

 

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Copulating with Coprolites: The Unveiled Mechanism of Governance by Progressive Liberalism in California

Copulating with Coprolites: The Unveiled Mechanism of Governance by Progressive Liberalism in California[1]

 

There has been much imbecilic blathering and blue sky gazing since our ancients attempted to organize various societies into some form of governable mass. Most of the attempts [and even histories of the attempts] are worth not so much as their weight in dry cat litter given even a brief reflection on how things turned out in many societies. The historians are not reliable, we find after some analyses and comparison of parallel accounts of the same incidents, as the temptation to redact the original records and to insert excuses and plain lies are irresistible. There are so many theories that the path forward to what some think might be a just and equitable society is merely an overgrown jungle festooned with toxic notions and far-away  pipe dreams lurking near every tree. The quest for firm solutions to such problems is like copulating with coprolites; there is no possible issue so to speak—unless you are a Californian.

 

The Greeks were marginally successful, arguably in a limited sense, until they lost hegemony of their security awareness and became slaves or all sorts and flavors to an interesting array of masters. The Romans did a bit better for a thousand years although they were practicing unvarying warfare with the known world and many times with themselves. We can wonder how societies progressed from cave dwellers to high priests and note, with some cloudy visualization, that most social systems were failures if you care to inspect the outcomes and compare them with modern notions of societies. In theory, we might want to put up a rigid set of metrics to measure and evaluate various governments based on human rights, murder rates, caloric intake, war, opera and other key parameters and bring into line governments from the ancient Egyptians to the present in some proper order. When we attempt this we tend, not surprisingly, to notice that nasty leaders like Attila, Hitler and Genghis Khan have had their counterparts all along the historical trail. It is difficult to ignore the similarities among Hitler, Stalin, Robespierre, James Jones, Pol Pot, The Ayotollah Khomeini and Robert Mugabe when you start to count bodies and look at the supply of food and tabulate who sleeps where.  The salient fact that these unsavory creatures are randomly spaced along the historical timeline from the earliest known periods of recorded history, or from legends, which is probably more accurate in some cases, thus this observation nullifies the perception that we, as a society, learn from our mistakes and misdeeds and make continuous improvement in our states. Actually, the data point to the reciprocal conclusion: we have learned nothing from the past. Repeating the past is good politics. Worse, we probably know less about the present[2] than the redacted past[3] and essentially nothing about the short-term future. [4] The ignoranti have a cornucopia of alternatives thus broad license to experiment.

 

Thus, we find a compelling reason to adjust or redact certain obtuse portions of history for social reasons and can safely ignore complaints about accuracy if the outcomes are potentially rosy or aligned with leftist wishes. Observers of our society like the Fabian maverick George Orwell have fairly well characterized the ultimate methods of governments with the following:

 

"Who controls the past controls the future; who controls the present controls the past".—Slogan from 1984 by George Orwell.

 

There is much to be said about the political efficacy of this slogan. It contains all the necessary elements to fix up the present, future and past and roll then into one tight and juicy egg role for all to enjoy.  Karl Marx had a grand opportunity to meld the romantic elements of J. J. Rousseau with some vigilantly selected tidbits of history, glossed over, necessarily,  by forcing a strict theory upon the helpless little accounts, and thus by manufacturing  a grand plan to eliminate not only inequities in our production of goods and services but government altogether. You can have a nice administration that way if you merely use lies and firing squads to glue together some of the more flaccid elements of a given society.

 

Winston Churchill summed up the results of his opposing line of thinking some three years after the October Revolution:

 

"....But my hatred of Bolshevism and Bolsheviks is not founded on their silly system of economics, or their absurd doctrine of an impossible equality. It arises from the bloddy and devastating terrorism which they practise in every land into which they have broken, and my which alone their criminal regime can be maintained...."— Text of Winston Churchill's July 8th, 1920, British House of Commons, Amritsar Massacre Speech By Winston Churchill  given July 8th, 1920[5] [Emphasis is mine in all quotes.]

 

 

Of course, he had a bad attitude. This inspection sweeps a lot of mystery, fluff and hokum away from the totalitarian chimera and unveils in bright lights the sordid prevarication that Marxism was making some contribution to society at that early date and, recall for a moment, that the acolytes of Bolshevism persisted until 1989 in the USSR alone. In Africa, it has flourished since 1948, or so, and is the most popular form of government on the southern half of that continent. In order to get positive results from the process of Marxism it is necessary to plaster up a stipulation that shooting the dissidents in order or at random provides extra staples and good times for the blindly obedient even though the theory for this positive outcome borders and brushes upon the recalcitrant capitalist supply and demand schedule that was summarily abolished. A little tribalism helps too. Pol Pot was able to homogenize his people by fairly and judiciously deselecting members of his society using a reverse cognitive skill scale. This worked out quite well and most of his people were finally essentially equal.  A lot of knowledge is a dangerous thing.

 

This, then, leaves us with a fine theory, although unworkable as it is in the primitive sate, to move forward and convince or intimidate the masses with the indomitable notion that capitalism is at the very root of all social problems. The obvious conclusion [and also the  posted premise before any tedious research], thusly, is that we must eliminate or suppress capitalism and that that commission, alone, will offer society the kind of relief from capitalist oppression and that we need to restructure government. California has reached that authentic shining pinnacle with their current government. [6] It has also broached a stubborn conundrum.  Can this process bear fruit? Can we continue to make political love to ancient rocks that bear opposing messages? Yes, in California!  All it takes is massive quantities of somebody else’s money in grand supply and some drugs.  It is as simple to understand as a late-term abortion.

 

Everything is running smoothly in California and other state entities that emulate the Sacramento government. They mature politically as they noisily proffer ‘concern’ for the Little Guy and lament the meager intake of tax returns.   Others can approach the apex of their educational skills and egalitarianism by exercising California-style norms. We offer examples such as New York[7], New Jersey and probably Maryland. Of this esteemed group, the wheels of education and levers of government are serenely greased by narcotics, high taxes, reverse racism and lofty song. They have solid majorities in the legislative branches, strong support in the executive and judicial branches in most examples and have fine educational and instructional programs in place to train or retrain, if necessary by force, the polis. The ballot boxes are overflowing with the absentee votes of illegal aliens who are thankful for the tax-free work environment, the state’s placid toleration of violent crime, which is a necessary element of their dope business, and free medical service. There is no reason that well-meaning Californian legislators cannot create fine ideas in the form of offspring from love-ins with boxes of rocks, some handy crack pipes or other phantasms. This is just a rerun of Woodstock.

 

This was all achieved by being generous and progressive with hiring state employees of the strictest union bent, of running the tax spigot at full throttle whenever possible and of showing benefits unseen in the world to date upon their loyal partners in government. Gladness is everywhere and the degree of happiness spreads arithmetically with each and every greedy capitalist who flees the state in search of a less hostile environment to do traditional business at tax levels that permit small profits. Profits are evil and CEOs are lazy and stupid. California is refining its society in the image of pure liberalism.

 

Everything wonderful has happened that could happen except that some Republican has signaled that the spending is too high and taxes cannot be raised high enough to pay for the current government. He was actually elected after a recall of a Democrat. There is a major error here. There is the tacky right-wing problem of debt. This unnecessary distress that has interrupted this melodrama of late is caused by the ‘rich’ avariciously avoiding taxes coupled with the constitutional inability of the state to tax them to such an extent that we can all enjoy prosperity and sing songs of joy at every special increment in the tax load. California’s progress is limited only by Winston Churchill’s aversion to devastating terrorism and the absence thereof. They cannot, for the moment, just whack their opponents Cuban style. Thus, we face some alternatives:

 

[1] The state can receive well-deserved alms from the federal government or elsewhere while the tax battle continues to whittle down capitalists, private property disputes and tax levels or…

 

[2] The state can confiscate wealth in any and every form and monetize those assets to pay for the current social programs and cover the 24 bln debt[8] or

 

[3] They can use the Cambodian Method of Social Cleansing to eliminate those excesses that clog the system with capitalists and their greedy corporations.

 

With [1] we return to bliss and continue on building the ideal society.  Why shouldn’t the Other 49 be charged for this advanced instruction in government? With [2], as only a few Republicans stand mired in the error of their ways, the natural flow into egalitarianism follows in due course.  The money will be properly collected and more properly spent. The greedy will be made to apologize for their abuses. But, [3] is still a little messy with the current state of talk radio and other communication avenues.  They cannot, as yet, pull a Waco in just any old political district in California without good cause. But, a tax revolt might set up such a tactic. Full control of the media is mandatory for a successful society as we find in Cuba and the shrunken remains of the USSR. Such programs were highly successful in Cuba and North Korea and continue today to offer a faultless example of how the best societies can be had only by solving the difficulties in identifying and promoting the right leaders to power with minimal opposition.

 

But, saved by the notion that ‘California is too big to fail’ we can press onward with our educational systems[9], confiscative taxation of the rich and control of most goods and services, particularly medicine, food and transportation. The hope that Obama will bring gifts of quantitative easements and such are promising and the only proper solution to the problems they face in the Golden State.

 

Thus, the direction is clear and we need to dig deep into our white male pockets and extract as much money and wealth as we possibly can to give the artists and innovators in Sacramento the freedom to create the kind of society they deserve. Call your legislators today and beg them to hike your taxes so Obama can send some of that to California. We have to be fair.

 

rycK

 Comments: ryckki@gmail.com

 


[1] Written in satire.

[2] It takes time to explain thing to imbeciles.

[3] Given revisionism and other corruptions of history.

[4] Even when the choice is either A or B never do they get up  to  a correct answer 50% of the time.

[9] Read propaganda here. 

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Vinegar John Kerry Talks about Thinking about Iran?? Did Jimmy Carter Think out his plans?

Vinegar John Kerry Talks about Thinking about Iran?? Did Jimmy Carter Think out his plans?

 

Abstract: John Kerry makes a fool out of himself by dissing members of the opposition for mild and unobtrusive comments on the instant Iranian Revolution. His essay, founded squarely on his unfamiliarity with thinking processes, reveals the scope of  his insufficient cognitive skills in this critical area to discuss this topic in public although it becomes one of his better propaganda pieces, to be fair. One conclusion is that this screed was written for him by some loyal lackey in his camp. Another possibility is that his façade is peeling off thus revealing his debilitating imbecilities. The most promising is that he is just a hate-twisted loser with a mandate to vent.

 

The New York Times—aka the Walter Duranty Papers [1] operates like a drug-laced lazy Susan for characters like Vinegar John Kerry[2] to ‘offer some thoughts’ on some important subject--this time Iran--and write some nasty propaganda screed. Hop on, dance the Dunciad, and hop off with flair. This one, however, reads oddly like a sophomoric polemic penned in delirium or haste.  Proffered as some mysterious glow cascading down upon us from his lofty seat on Olympus[3], he only attacks Republicans, in his accustomed manner, thus his analysis might have to be rendered as worthlessly biased as the bulk of his prattle has been for a few decades.[4] But, he might just wander away from his ditch and make some sense and surprise us.  So, we must be alert. If you filter out his wart-squeezings and other mental hysterics, driven simply by the existence of more than one conservative on this planet, his advice is actually a self-deprecating treatise on folly. He has to say something as Obama has mangled his foreign policy over some anti-meddling nostrum in Iran’s case although he meddles quite candidly in the politics of Iran’s first future nuclear weapon’s military target.[5] Johnny to the rescue; Johnny reports for duty.

 

His theme booklet was probably placed in his wrinkled hands in a fill-in-a-few-blanks format by some doting staffer under the pressing mandate that his boss sorely needs some fresh face time and reassuring applause from the loyal liberals and also based on the urgent compulsion to ‘clarify’ some talking points on the Iranian revolution now smoothly in progress by hammering the political opposition. That is good politics in Massachusetts. It is the image—not the words that count.  Puff yer stuff John!

 

Sifting with a coarse sieve, we can get this much from this fluff:

 

If we actually want to empower the Iranian people, we have to understand how our words can be manipulated and used against us to strengthen the clerical establishment, distract Iranians from a failing economy and rally a fiercely independent populace against outside interference. Iran’s hard-liners are already working hard to pin the election dispute, and the protests, as the result of American meddling. On Wednesday, the Iranian Foreign Ministry chastised American officials for “interventionist” statements. Government complaints of slanted coverage by the foreign press are rising in pitch.”[6]-- With Iran, Think Before You Speak By John Kerry Op-Ed Contributor. Published: June 17, 2009 [Emphasis is mine in all quotes.]

 

Interestingly, the “interventionist” statements cannot be clearly identified in the link Vinegar John uses in this op-ed[7]although we find the Canadians and some EU types were summoned to Allah’s carpet to hear such complaints. It would help the reader to understand what an “interventionist” statement looks like and who made it, but clarity of thought [or textual accuracy] is not the strong suit of John Kerry and his followers. But, using the usual sandbox political logic peculiar to leftists, we can inspect this comment from John McCain cited in this article:

 

“… Senator John McCain… denounced President Obama’s response as “tepid.” He has also claimed that “if we are steadfast eventually the Iranian people will prevail.”-- John Kerry quoting McCain.

 

This is interventionist?

 

I thought this rather tepid too if we can compare it to: “Mr. Gorbachev —tear down this wall!”—President Ronald Reagan June 12, 1987 at the Brandenburg Gate in Berlin.

 

That was interventionist in my view—a little light given the history of the Soviet social maggots—but very strongly interventionist. Perhaps the translation of this, taking a few months to circulate, precipitated the stock market crash in 1987 and even the USSR crash in 1989—a potential talking point for Democrats. [8] Can we blame Reagan for both crashes?? Perhaps we can blame Reagan for the Polish uprising too.

 

Looking back on some liberal history, we might raise the question of whether Jimmy Carter influenced the course of events in Iran when he made the following thoughtful comments and worked a few political levers some behind the scenes:

 

[a] “Carter pressured the Shah [e,g, Mohammad Reza Pahlavi ] to release "political prisoners", whose ranks included radical fundamentalists, communists and terrorists.” [This link[9]  includes quotes and is used for this list].

 

[b] “Carter pressured Iran to permit "free assembly", which encouraged and fostered fundamentalist anti-government rallies.”

 

[c] “…the Carter Administration reportedly ordered the Central Intelligence Agency to stop $4 million per year in funding to religious Mullahs who then became outspoken and vehement opponents of the Shah.

 

Perhaps if we are ‘steadfast’ the American people will find out if Obama is a citizen or not or whether he took in 100 million dollars in bribes  in $200 dollar bundles from the Middle East terrorists disguised as ‘contributions’  in the last election. Can we please be ‘tepid’ like ACORN? Should we cut off funds to North Korea?

 

So, channeling back into the logic stream here, we are counseled that we can ‘empower’ the Iranians by watching out how our ideological enemies or, more accurately, propaganda crafters in Iran might use our ‘words.’ We cannot rattle our sabers.

 

Extending this feverish unilateral notion, can we wonder if Obama provoked the North Koreans with some of his words?

 

Here is a somewhat ‘tepid’ set of words from President Obama:

 

WASHINGTON -- Declaring North Korea a "grave threat" to the world, President Obama on Tuesday pledged the U.S. and its allies will aggressively enforce fresh international penalties against the nuclear-armed nation and stop rewarding its leaders for repeated provocations.[10]--President Obama Tuesday, June 16, 2009

 

Apparently, either Vinegar John has not read these words, or, more likely, cannot comprehend them in any objective context, but someone of a more objective persuasion might see significant differences between counseling Iran to remain “… steadfast …[then] eventually the Iranian people will prevail”  and more forceful language. Can we compare this comment with words like "grave threat" or “….the U.S. and its allies will aggressively enforce fresh international penalties against the nuclear-armed nation…” No saber rattling here?

 

I would imagine, in my own little world, that propaganda wordsmiths in North Korea might create some interesting overtones from these flames. To empower the North Korean people perhaps Obama might avoid “interventionist” rhetorical diatribes like this, but what do I know? As a Democrat, representative of my party, I know little of diplomacy. If Obama keeps silent maybe the North Koreans will get to eat a sufficient amount of food for a change.

 

It is okay for Mahmoud Ahmadinejad to publicly announce he would wipe Israel off the face of he earth and build nuclear weapons to enforce this threat, but John McCain’s comments are considered provocative and supply fodder for propaganda machines that thwarts opposition to the newly elected Iranian leader. John is an impediment to peace, whatever that word now means in the feverish minds of a liberal. I don’t want to waste any more time lecturing the left on diplomacy, logic or morality.

 

Confusing—is it not? It seems that John Kerry, of three Purple Hearts fame, is being inconsistent in his analysis of what is confrontational and undiplomatic about comments by his party and those of the opposition. Is this merely a hereditary mental problem or is it due to his old age?  Was he wearing his lucky tie? Or, is this just another example of John’s sleazy and hypocritical attacks on others? Apart from his lack of abject public alcoholism, he smells talks and acts like the other senator from Massachusetts.

 

Was John thinking when he wrote, or perhaps just signed, this piece? We might speculate as to the particulars of what he authorizes us to do to empower the Iranian people. I think he would wildly support any criticism, especially self-criticism by our elected ‘leaders,’ of the former US policies as he has done for decades.

 

rycK

 

Comments: ryckki@gmail.com

 



 

[1] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the NYT. The color RED is used in my essays in honor of Walter Duranty, a saint, if there could be one, in the Marxist Archives of Honor.

 

[3] We can see this stunning effect on hillsides in the West where cows gather in the early morning to relieve themselves upon a broad flat rock soon after first light. Such occurrences have founded legends and mass congregations of worshipers  in our time.

 

[4] Notice that I do not disguise my polemics. I don’t mumble around and try to describe a rat in vague terms such as ‘some associate of order rodentia’ or other obfuscative language. [Note that obfuscative is a new adjective.] I call a rat a rat and generally provide enough quotes from that target rat as to convince the reader of the veracity of my conclusion although the thoughts and comments of the far left are purposely ignored and not referenced.  This is an example of my thinking before I speak—in harmony with today’s screed from the NYT.

 

[5] As heard on Michael Savage last night.  As heard next on Mark Levine.

 

[6] With Iran, Think Before You Speak By John Kerry Op-Ed Contributor. Published: June 17, 2009 http://www.nytimes.com/2009/06/18/opinion/18kerry.html?_r=1

 

[7] ““The Foreign Ministry, meantime, summoned the Swiss ambassador, who represents American interests in Tehran, in protest of what it called “meddling” by the United States into its affairs because of statements by American officials on Iran’s elections. It also summoned the Canadian chargé d’affaires over the same accusations. Several other European ambassadors were summoned Tuesday.” http://www.nytimes.com/2009/06/18/world/middleeast/18iran.html?bl&ex=1245384000&en=fa20d05c929c9e32&ei=5087

 

[8] You read it here first.

 

[10] Obama, South Korean Leader Unite Against North Korean Threats.

With South Korean President Lee Myung-bak at his side in the White House Rose Garden, President Obama said they agreed that a new U.N. resolution seeking to halt North Korea's development of nuclear weapons and ballistic missile must be fully enforced. Tuesday, June 16, 2009 http://www.foxnews.com/politics/2009/06/16/obama-lee-unite-north-korean-threats/

 

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Obama to California: Drop Dead [maybe]. The End Battle Begins. Default is the Next Step.

Obama to California: Drop  Dead [maybe]. The End Battle Begins. Default is the Next Step.

 

Abstract: California grovels like a diseased hooker in some North Beach alleyway and is in frenetic need of a quick fix of money or alms from anywhere.  The battle is over the usual tax and spends mentality of the parasitic left and the fiscal constraints of those who can see that spending and hiring of useful idiots as political puppets is out of control. The state needs to fire nearly half the current ‘employees’ and just quit wasting money. Tax hikes are the only solution the union oriented left offers and such taxes will only drive away businesses and more people will leave the state in economic distress. Like the hopeless Latvian situation[1], the future of California hangs in the balance here. We cannot afford to subsidize the Golden State’s 67 bln dollar debt and add on 25 billion more this year and then 30 or 50 or 100 in the next few years.  California needs to crash as an example to the world so as to warn the rest of us what the left can do for their victims.

 

Wasn’t this predictable?? The ‘experts,’ like Paul Krugman of the Walter Duranty Papers [2] tell us that the constitutional limits to taxation in California are the problem and we need to raise taxes![3] Higher taxes will bring us prosperity. This is a fool’s message to other fools.

 

The sad goodbye message is recorded in the NYT:

 

WASHINGTON — The Obama administration has gone on the record again that it will not use federal stimulus money to prop up California as it wrestles with its fiscal problems[4]-- Another No to Federal Propping of California By Helene Cooper Published: June 16, 2009 [Emphasis is mine in all quotes.]

 

The brush off:

 

After a series of meetings in the past few days between Mr. Geithner and White House officials, the administration concluded that the state could hold out for a while longer.”-- Another No to Federal Propping of California

 

Isn’t this worse than water boarding? Here the master lets the loyal slave die of thirst because there are a few drops left in the old bottle.  Hang on for a while and maybe some Republican will turn coat and join the progressive party.

 

Now, here are the leftists and their tax-whoring solution to the problem:

 

Democratic lawmakers proposed raising taxes on tobacco and oil companies and refused to cut state worker pay as a key budget committee finished its plan Tuesday to solve the state's $24.3 billion deficit.[5]-- California lawmakers ready to battle over taxes by Wyatt Buchanan, Chronicle Staff Writer Wednesday, June 17, 2009.

 

And, of course, the Dems have a long list of tax hikes.  Tax whoring is the only thing they do well.[i] The ONLY thing they can do, while they diddle their comrades in the misty fumes of narcotics smoke in Sacramento, is to RAISE TAXES AND HIRE MORE LOSERS FOR THE STATE.  This mindset is cast in stone and will never stop.

 

Republican opposition to tax increases is "non-negotiable," Hollingsworth told Reuters in a telephone interview.”[6]-- California Republicans draw line on taxes.  Jun 16, 2009 5:05pm EDT By Jim Christie

 

This is emblematic of leftists. The ONLY obsession they have is the self-aggrandized mental aberration that the wealth of this world needs to be redistributed by drug-crazed losers, noisy and intolerant, militant gays and tin pot intellectuals. The liberals thus stand firm in their intention to spend our money away for some short term gains and now endorse the probability that the economy in California will crash in a blizzard of debt.  They hope to win more power from the chaos.

 

If Obama gives them money then they will have hooked the federal government and converted it into a useful teat that will forever drip tax money from the other 49 states to subsidize the most perverted, disgusting and slimy group of leftist politicians outside of Rwanda. And, if California gets some blood money then New York and New Jersey and the other rust belt hookers will want their alms too. Bailing out the Loony State will only encourage the leftist parasites to spend more  American tax monies on illegal aliens, drugs, sloth, sodomy and rest blissfully and defiantly  in the conviction that they can spend what everybody else has on their follies. The pigs are no longer equal. California pigs are superior pigs.

 

California will have Somalia’s social structure and Zimbabwe’s financial success in the near future.

 

This is hopeless. Move out!

 

rycK [a 5th generation Californian in exile]

 

Comments to: ryckki@gmail.com



 

[2] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the NYT. The color RED is used in my essays in honor of Walter Duranty, a saint, if there could be one, in the Marxist Archives of Honor.

 

[4] Another No to Federal Propping of California By Helene Cooper

Published: June 16, 2009 http://www.nytimes.com/2009/06/17/us/politics/17calif.html?ref=us

 

[5] California lawmakers ready to battle over taxes by Wyatt Buchanan, Chronicle Staff Writer Wednesday, June 17, 2009. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/17/MN9O188GFU.DTL&tsp=1

 

[6] California Republicans draw line on taxes

Tue Jun 16, 2009 5:05pm EDT  By Jim Christie http://www.reuters.com/article/politicsNews/idUSTRE55F73820090616

 



[i] Krugman Denies the Denials Of The Party Of Denial: Raise Taxes No Mater What.

http://rycksrationalizations.blogtownhall.com/2008/05/02/krugman_denies_the_denials_of_the_party_of_denial_raise_taxes_no_mater_what.thtml

 

There Is No End To The Tax-Whoring By Climate Control Lunatics.

Posted by rycK on Friday, April 04, 2008 10:43:11 AM

http://rycksrationalizations.blogtownhall.com/2008/04/04/there_is_no_end_to_the_tax-whoring_by_climate_control_lunatics.thtml

 

The Economy: More Gloom and Doom from the New York Times. Raise Taxes!!

Posted by rycK on Friday, March 14, 2008 11:56:25 AM

http://rycksrationalizations.blogtownhall.com/2008/03/14/the_economy_more_gloom_and_doom_from_the_new_york_times_raise_taxes!!.thtml

 

Krugman of the New York Times Slaps His own Face over a New Theory to Raise Taxes.

Posted by rycK on Monday, March 10, 2008 11:19:13 AM

http://rycksrationalizations.blogtownhall.com/2008/03/10/krugman_of_the_new_york_times_slaps_his_own_face_over_a_new_theory_to_raise_taxes.thtml

 

Moaning About Spending, War and Other Maudlin Laments: Raise Taxes, Of Course.

Posted by rycK on Tuesday, March 04, 2008 7:32:41 AM

http://rycksrationalizations.blogtownhall.com/2008/03/04/moaning_about_spending,_war_and_other_maudlin_laments_raise_taxes,_of_course.thtml

 

The Grand Plan to Chase the Republicans out of Town Suddenly Became Cloudy as Obama Might not Raise Taxes as Expected: Panic!

Posted by rycK on Monday, March 03, 2008 12:52:04 PM

http://rycksrationalizations.blogtownhall.com/2008/03/03/the_grand_plan_to_chase_the_republicans_out_of_town_suddenly_became_cloudy_as_obama_might_not_raise_taxes_as_expected_panic!.thtml

 

The New York Times Calls for More Taxes [What else would they do?].

Posted by rycK on Friday, February 22, 2008 11:16:42 AM

The New York Times Calls for More Taxes [What else would they do?].

http://rycksrationalizations.blogtownhall.com/2008/02/22/the_new_york_times_calls_for_more_taxes_[what_else_would_they_do].thtml

 

The New York Times Essays us on Poverty, Poison and Tax Policies: The Orshansky Glubberance Explained  Posted by rycK on Monday, February 18, 2008 2:58:41 PM

http://rycksrationalizations.blogtownhall.com/2008/02/18/the_new_york_times_essays_us_on_poverty,_poison_and_tax_policies_the_orshansky_glubberance_explained.thtml

 

Echoes from the Babbling Brooks Envision a New Conservatism. The New York Times Advises Us on Society, as Usual: Higher Taxes

Posted by rycK on Saturday, February 16, 2008 10:37:49 AM

http://rycksrationalizations.blogtownhall.com/2008/02/16/echoes_from_the_babbling_brooks_envision_a_new_conservatism_the_new_york_times_advises_us_on_society,_as_usual_higher_taxes.thtml

 

Propaganda Lesson: Economics and Recessions from The NYT: A Long [Sad] Story and Stern Tutorial on Tax Cuts.

Friday, February 08, 2008 10:16 AM

http://rycksrationalizations.townhall.com/g/2bea69e5-bb30-4923-9ed4-192199970c1a

 

The Taxes Will Rise Astronomically if the Liberal Democrats Get Their Way.

Friday, February 01, 2008 11:03 AM

http://rycksrationalizations.townhall.com/g/236ca745-7b7e-4ee8-9ae8-65cd67d2df9b

 

The New York Times Gives Us the Political Solution to Socialized Medicine: Watch Your Taxes Soar.

Friday, February 01, 2008 9:41 AM

http://rycksrationalizations.townhall.com/g/0c2eac91-936e-4271-974b-41d99725cc3f

 

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Latvia Goes Down the Financial Latrine: Will this be a Model for California and New Jersey?

Latvia Goes Down the Financial Latrine: Will this be a Model for California and New Jersey?

 

We all live  in a canonical ensemble of  mini tunnel visional worlds where  we observe that a very few  entrepreneurs can set up successful societies, make products and give services in a manner that generally benefits most of our citizens. These people are despised as capitalists. Numerous political theories and mantras exist for the sole purpose of tearing these systems down.  Thus, there are other political operatives[1] who believe (or who probably really do not believe) that they have a ‘better system’ or can provide ‘justice’ or ‘equality’ or honk out similar words and social programs  with noisy, rusty kazoos that elegantly toot forth elastic attributes and malleable definitions of political slogans as proof of their sincerity. Thus, we have successful societies in a few places and the rest of the world is mostly a dung heap of racism, poverty, war, tribalism and manifold ignorance besotted with propaganda. California use to be of the first sort.

 

We might be able to academically rank some of our more ignorant and battle-tested ideas and philosophies of economics and governance after diligently raking the muck in political and economic histories over a few centuries and settle on some ladder of authenticity or metrics of suitability and assign numbers correspondingly to various programs.  We should be able to cast out the obvious losers from such a study. We cannot do that. Marxism still clings to the favorite spot. We seem to be mentally truncated to only view a list of governmental methods that allow three possibilities: capitalism, socialism and communism. Fascism is not allowed although this is simply a blend of socialism and authoritarianism of the far left persuasion, but has been reincarnated as some left wing myth because of some internal squabbles among the far left.  The Nazis and Commies were really the same kind of wonderful people who stumbled into a nasty dog fight. Imperialism is gone.

 

So, for Latvia, California and New Jersey and, perhaps New York the salient divisions of society break down into: dumb ideas, dumb people and dumb decisions.  Dumb de dumb dumb as the old beat goes. Their failures merely enhance the tone and volume of the slogans and maudlin pleas for more and more taxes.

 

The histories of the Baltic states are complex, but here is the rough history:[2] Latvia [and here two unattractive sisters] was a form of door prize for sloth and buffoonery offered to Stalin after Hitler did his part in the agreed blitzkrieg of Poland and the astonished Russians were left gawking sans sous-vêtements [3] in their paper-lined boots and got just one little slice of the Polish prize in 1939.[4] It seems they were too inept to carry out their part of the bargain in the Molotov-Ribbentrop Pact and even later as specified in the pages of the Secret Protocols and.[5] They got the Baltics as a consolation prize for just showing up but were forced to give up the rest of Poland in 1941 as they ran for cover to escape obliteration. Later, after 1942 Russian troops steadily milked the Baltics for food and shelter until 1989 when the USSR crashed and then, some more, until about August 1994.[6] They left the Baltic States almost completely dependent upon the shrunken remains of Russia for energy, mostly in the form of gas pipelines. The Latvians,--a service based-economy[7]--treated to capitalism for the first time, went on a spending spree. Whee!

 

We can sing Dumb de dumb dumb as we now acknowledge that Latvia and her two uninviting sisters were offered some soggy slots in the EC provided they pegged their currencies to the Euro and also kept their deficits within guarded limits. [8] Let us think about this.

 

Dumb 1:

 

To think, for even  a microsecond, that you could cobble together a junk assemblage  such as the Common Market or the European Union or the trendy “Euro zone”  and  blend this in with fallen Marxist states and just fix ‘rules’ for each of the players to play and expect all to meet such arbitrary goals.  Their deficits and such were proscribed within narrow limits, something California or New York would never agree to. Here there are about 27 unappealing sisters[9] in this mess with some 16 actually using euros[10] and the battered balance ‘pegging’ their ‘currencies to the same paper. To peg or unpeg! That is now the question! The Latvians use some currency called the “Latvijas rublis,”[11] or “Lati” or “lats” as they still think they are wedded to the Russians.  They want to be able to use the Euro by 2012.[12]The lats are soon to be nearly worthless as their recent bond offering failed to rake in a single shekel and overnight rates are about 25%. [13] VAT taxes would be raised to 23 percent from 21[14] The Swedish Stockholm-based Swedbank AB is now in jeopardy as the other two Balts may crash and take this bank down with them. The new slogan in the financial world might be “less than a Lati” or “lags like a lat.” The California solution, bar none, would be to double that VAT. It is too bad California does not have a VAT yet. Can they borrow from the IMF??

 

Dumb de second dumb:

 

To embrace capitalism while lingering hard-wired into the decayed USSR and its phony economic systems and then to build a weak bridge to the idiot Europeans,[15] who are trashing their societies with EcoNazism and other follies, gives Latvia the label as the Duncess of Baltica. They are shrieking out their lungs to grunt and grab more money.[16] They now feel urges for Mother Russia.

 

Dumb de thoid dumb:

 

Latvia looks well-advanced in this political chain. As our Moscow correspondent reports, three of Latvia's eight Euro-MPs elected last week are pro-Kremlin. The Harvest Party of ex-Communist strongman Alfreds Rubiks came first in local elections, backed by both ethnic Russians and disgusted post-capitalist Latvians.”[17]-- The crucifixion of Latvia. By Ambrose-Evans Pritchard

 

 This is like the dog returning to its vomit, and California needs to be bolder and more openly embrace the government leadership of either Kim or North Korea or the new, trendy Hugo of Venezuela to survive capitalism and be more like Latvia. Either of these glorious selections would bring prosperity to the Golden State.

 

If the purpose of Baltic euro pegs is in part to keep Putin's Russia at bay by locking the region deeper into the EU Project, the strategic gamble has gone badly wrong. It has created a reservoir of Russian irredentism [I had to look t his one up….see footnote[18] ed] in both Latvia and Estonia that gives Moscow a pretext to intervene at any time. The Baltics are being offered to Putin on a platter.”-- Ambrose-Evans Pritchard

 

Latvia is firing a third of its teachers. The welfare state is being dismantled. Pensions for those in work will be cut 70pc. The salaries of doctors, nurses, and police (nota bene) will be cut 20pc. Unemployment has risen from 6pc to 17pc in a year, and is still rising. Jobless benefits for most will run out in the autumn, reducing support to £40 a month. "It is time to take to the streets," said union leader Valdis Keris.”

 

Dismantling the welfare state? Never! Will we hear this cry for help soon in California?? Probably so.  We wonder how well marijuana grows in this latitude. But Obama may be the California’s Putin. They may get unlimited funds from the US printing presses so they can continue on with their progressive society and this must be soon as the US AAA bonding rating may be crumbling.[19] The drug-crazed Californians have taken to the streets before with good results.  If they bawl loud enough maybe they can raise their credit rating from 50th in the states a notch or two. Many of these activists from the 60s are now legislators in Sacramento and struggle only to employ a single word in their lexicon: tax. It is a shame California cannot print money or the problem would be solved. Maybe we can sell it to Mexico.

 

Today [June 16, 2009] Latvia will vote to cut government spending.[20] Good luck. They were loaned 7.5 b in Euros on the condition that they would peg to the Euro.

 

The penultimate dumb:

 

Raise taxes and refurbish the glory and splendor of the Golden State or ask Gordon Brown for advice.

 

The ultimate dumb:

 

To forget to get out of California as fast as you can places you in the upper reaches of dumdom. That place may look like Latvia very soon. Latvia has no chance unless she cuts spending and rejects Mother Russia as a benefactor. California will NOT cut spending for any reason and that includes default and bankruptcy. There will be lessons to be learned in these two cases for some. For others, the quest for taxes and power over others soars beyond any notion of financial integrity or display of reason. Maybe Californians can soon experience the splendor of being post-capitalists!

 

rycK

Comments: ryckki@gmail.com



[2] Read Sword and Swastika by Taylor, Simon and Shuster, 1952.

[3] without underwear

 

[8] The details of such agreements are too disgusting and mentally offensive to review here and would make no contribution to humanity, history or economic polemics in any event.

 

[10] The euro (€) is the official currency of 16 of the 27 member states of the European Union (EU). The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European countries, with and without formal agreements and is consequently used daily by some 327 million Europeans.[2] Over 175 million people worldwide use currencies which are pegged to the euro, including more than 150 million people in Africa. http://en.wikipedia.org/wiki/Euro

 

[15] The Stupid Europeans Bawl and Moan for US Help with their Phony Socialism. Let us Rescue them with our Tax Money!

http://rycksrationalizations.blogtownhall.com/2008/09/30/the_stupid_europeans_bawl_and_moan_for_us_help_with_their_phony_socialism_let_us_rescue_them_with_our_tax_money!.thtml

 

[16] The Socialist Parasites Now Begin to Beg for Money:  The Collapse of the World Economies is at Hand.

http://rycksrationalizations.blogtownhall.com/2009/03/01/the_socialist_parasites_now_begin_to_beg_for_money__the_collapse_of_the_world_economies_is_at_hand.thtml

 

Many of the newer EU members in Central and Eastern Europe have seen their financial institutions and economies battered by the downturn. They are faced with plunging currencies, factory closures and in some cases social unrest. Hungary and Latvia especially are facing serious liquidity problems. They are already receiving billions of euros from an EU emergency fund.”-- BBC

[17] The crucifixion of Latvia. By Ambrose-Evans Pritchard

Published: 5:40PM BST 14 Jun 2009. http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5533346/The-crucifixion-of-Latvia.html

 

[18] One who advocates the recovery of territory culturally or historically related to one's nation but now subject to a foreign government

http://www.thefreedictionary.com/irredentism

[19] U.S. likely to lose AAA rating: Prechter

Mon Jun 15, 2009 5:17pm EDT—“ NEW YORK (Reuters) - Technical analyst Robert Prechter on Monday said he sees the United States losing its top AAA credit rating by the end of 2010, as he stuck by a deeply bearish outlook on the U.S. economy and stock market.” http://www.reuters.com/article/InvestmentOutlook09/idUSTRE55E6BM20090615

[20]Latvia, the European Union’s fastest growing economy in 2006, is suffering the bloc’s severest recession and relying on a 7.5 billion-euro international bailout to avoid bankruptcy. The loan’s terms assume Latvia will keep its euro peg and curtail the budget deficit, exacerbating the slump.”

Latvia Will Vote Today on Budget Cuts to Unlock Loan  http://www.bloomberg.com/apps/news?pid=20601085&sid=amo6wyP63kjo

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A Mystery: The Stock Market Keeps Rising on a Weak Economy. Possible Reasons Explained.

A Mystery: The Stock Market Keeps Rising on a Weak Economy. Possible Reasons Explained.

 

The Dow continues to surge despite some major problems. This may be a ‘bear rally’ of the sort seen some seven times during the Great Depression.  A month ago several of the international experts, notably Ambrose Evans-Prichard said things like this:

 

Bear market rallies can be explosive. Japan had four violent spikes during its Lost Decade (33 percent, 55 percent, 44 percent, and 79 percent). Wall Street had seven during the Great Depression, lasting 40 days on average. The spring of 1931 was a corker.”[1]-- Ambrose Evans-Pritchard: Enjoy the rally but expect sucker punch

Submitted by cpowell on Sun, 2009-05-10 09:17. Section: Daily Dispatches. By Ambrose Evans-Pritchard The Telegraph, London Sunday, May 10, 2009 [Emphasis is mine in all quotes.]

 

 

Gross US wealth is declining as home prices fall and net worth fell 1.33 trillion dollars in this second quarter of 2009. We have probably lost 20 trillion from the 2007 high. [2]

 

There are other explanations and some are not so good for growth:

 

[1] Corporations have been forced to go ‘mean and lean’ and have cut frills and unnecessary expenses. This means that they may be much more efficient than in 2007-2008. This suggests higher profits with fewer people hence the definition of efficiency.

 

[2] Loses on loans and other assets may have lowered the net corporate tax rate and some loses may be carried over for several years to offset earnings in 2010 and beyond.

 

[3] Inventories may be burning out to maximize cash flow for 2009 at the expense of next year.

 

[4] The massive infusions of printed federal money into the banks has boosted their ‘profits’ if not their share prices as they can borrow at zero percent and loan at 5 for the full spread.

 

[5] Mortgage rates and oil prices are rising; these are counter indicators for growth and profits. Gas prices are soaring. The demand is probably from India and Asia.

 

[6] “Retail sales climbed 0.5% in May[3] and are not so strong. Also:

 

"Basically the consumer is still dead in the water," he said. "We're not going to see a rise in consumer spending in the second quarter like we did in the first. Household balance sheets are a disaster.[4]-- Dow's up for 2009 Blue-chip measure moves into positive territory, other stocks gain after higher retail sales and a larger-than-expected dip in jobless claims. By Alexandra Twin, CNNMoney.com senior writer

 

Something stinks here. I think this is just some bursting bubble in the ‘confidence’ program by president Obama to give us the impression that there is some recovery unfolding. There are no good indicators here that would justify such a market surge. I agree with Cody Willard that fascism has given some kind of boost to the government programs and that there is some kind of delirium on Wall Street. Taxes will soar, cap and trade costs will wreck industry, and socialized medicine [aka single payer] will cost hundreds of billions due to government waste and inefficiency.

 

I am holding tight and waiting for the next downturn. I am also watching gold and bond sales. Something is about to go sour.  Our currency is in jeopardy with all this spending. I may go short for the first time since the 60s and I think the market may sink to 6,000 or lower.

 

This phony ‘stimulus’ may be feeding a false stimulus to the markets and are debt-driven—the kind of thing that sank our economy in Nov 2007.

 

rycK

 

Comments: ryckki@gmail.com

 



[1] Ambrose Evans-Pritchard: Enjoy the rally but expect sucker punch

Submitted by cpowell on Sun, 2009-05-10 09:17. Section: Daily Dispatches. By Ambrose Evans-Pritchard The Telegraph, London Sunday, May 10, 2009 http://www.gata.org/node/7414

http://www.bearmarketinvestments.com/enjoy-the-rally-while-it-lasts-but-expect-to-take-a-sucker-punch

 

[2] Americans' net worth shrinks $1.33 trillion in 1Q         Jun 11 11:19 AM US/Eastern By JEANNINE AVERSA. “WASHINGTON (AP) - American households lost $1.33 trillion of their wealth in the first three months of the year as the recession took a bite out of stock portfolios and dragged down home prices.

The Federal Reserve reported Thursday that household net worth fell to $50.38 trillion in the January-March quarter, the lowest level since the third quarter of 2004. The first-quarter figure marked a decline of 2.6 percent, or $1.33 trillion, from the final quarter of 2008.” http://www.breitbart.com/article.php?id=D98OIT0G2&show_article=1

[4] Dow's up for 2009 Blue-chip measure moves into positive territory, other stocks gain after higher retail sales and a larger-than-expected dip in jobless claims. By Alexandra Twin, CNNMoney.com senior writer

http://money.cnn.com/2009/06/11/markets/markets_newyork/index.htm?postversion=2009061115

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As Predicted: California Heads for the Financial Latrines.

As Predicted: California Heads for the Financial Latrines.

 

California heads for financial oblivion, but the drooling lefties in Sacramento still cling to the crack-pipe dream that Obama will chuck some money out West to allow them to perpetuate this insane and cancerous growth of leftist government. NY, NJ and MD will probably follow.

 

SAN FRANCISCO (Reuters) - California's government risks a financial "meltdown" within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state's controller said on Wednesday.”[1]-- California nears financial "meltdown" as revenues tumble Thu Jun 11, 2009 12:05am EDT by Jim Christie

 

They will not stop taking dope, sodomizing children or bawling for taxes.

 

All this was predicted by this blogger:

 

California Begs for Alms and Descends into Whoredom. The Inferno is at Hand.

http://rycksrationalizations.blogtownhall.com/2009/05/28/california_begs_for_alms_and_descends_into_whoredom_the_inferno_is_at_hand.thtml

 

California Voters Reject Phony Budget Scams.

http://rycksrationalizations.blogtownhall.com/2009/05/20/california_voters_reject_phony_budget_scams.thtml

 

California Gets a Temporary Reprieve from the Financial Abyss: The Leftists will NOT Stop Spending. 

http://rycksrationalizations.blogtownhall.com/2009/03/10/california_gets_a_temporary_reprieve_from_the_financial_abyss_the_leftists_will_not_stop_spending.thtml

 

California Sinks into the Financial Abyss: The Leftists will NOT Stop Spending.  http://rycksrationalizations.blogtownhall.com/2009/02/16/california_sinks_into_the_financial_abyss_the_leftists_will_not_stop_spending.thtml

 

California Sinks into the Financial Abyss: The Media Mentality of this Circus Follows

http://rycksrationalizations.blogtownhall.com/2009/01/27/california_sinks_into_the_financial_abyss_the_media_mentality_of_this_circus_follows.thtml

 

California Sinks into the Financial Abyss.

http://rycksrationalizations.blogtownhall.com/2009/01/18/california_sinks_into_the_financial_abyss.thtml

 

The Continuing Collapse of California and other Third World Marxist Economies in the Coming Depression II.

http://rycksrationalizations.blogtownhall.com/2008/12/18/the_continuing_collapse_of_california_and_other_third_world_marxist_economies_in_the_coming_depression_i.thtml

 

The Continuing Collapse of California and other Third World Marxist Economies in the Coming Depression.

http://rycksrationalizations.blogtownhall.com/2008/11/11/the_continuing_collapse_of_california_and_other_third_world_marxist_economies_in_the_coming_depression.thtml

 

The Collapse of California and other Third World Marxist Economies. They want our Taxes.

http://rycksrationalizations.blogtownhall.com/2008/11/07/the_collapse_of_california_and_other_third_world_marxist_economies_they_want_our_taxes.thtml

 

California has Sold enough Risky Bonds to Stave off the Begging Session in Washington. We have been Spared!

http://rycksrationalizations.blogtownhall.com/2008/10/17/california_has_sold_enough_risky_bonds_to_stave_off_the_begging_session_in_washington_we_have_been_spared!.thtml

 

California is Selling Risky Bonds.  The Situation Is Hopeless so Don’t Buy This  Junk.

http://rycksrationalizations.blogtownhall.com/2008/10/15/california_is_selling_risky_bonds__the_situation_is_hopeless_so_don%e2%80%99t_buy_this__junk.thtml

 

California Crashes. The Politicos Call for more Regulation and More Government.

http://rycksrationalizations.blogtownhall.com/2008/10/14/california_crashes_the_politicos_call_for_more_regulation_and_more_government.thtml

 

California is Going to Try to Sell You Worthless Bonds.  The Situation Is Hopeless so Don’t Buy This Junk.

http://rycksrationalizations.blogtownhall.com/2008/10/09/california_is_going_to_try_to_sell_you_worthless_bonds__the_situation_is_hopeless_so_don%e2%80%99t_buy_this_junk.thtml

 

California is Going Down. Prepare to Get Out! The Situation is Hopeless

http://rycksrationalizations.blogtownhall.com/2008/10/02/california_is_going_down_prepare_to_get_out!_the_situation_is_hopeless.thtml

 

The Leftists Have a ‘Solution’ to California’s Budget Problems: Raise Taxes!! Grab Power!  Novel!

http://rycksrationalizations.blogtownhall.com/2008/09/22/the_leftists_have_a_%E2%80%98solution%E2%80%99_to_california%E2%80%99s_budget_problems_raise_taxes!!_grab_power!__novel!.thtml

 

California Plays Three Card Monte with Taxes and the Budget: Get the hell out of the state.

http://rycksrationalizations.blogtownhall.com/2008/09/18/california_plays_three_card_monte_with_taxes_and_the_budget_get_the_hell_out_of_the_state.thtml

 

California Crumbles as Paralyzed Politicos Pass Some Phony Budget: Arnold Will Veto This Wreckage.

http://rycksrationalizations.blogtownhall.com/2008/09/17/california_crumbles_as_paralyzed_politicos_pass_some_phony_budget_arnold_will_veto_this_wreckage.thtml

 

The Glitter is Off the California Gold!  Prepare for Bankruptcy. Your Taxes are Urgently Needed! http://rycksrationalizations.blogtownhall.com/2008/08/28/the_glitter_is_off_the_california_gold!_prepare_for_bankruptcy_your_taxes_are_urgently_needed!.thtml

California Gold! The Grab Begins. Prepare for Bankruptcy! http://rycksrationalizations.blogtownhall.com/2008/08/14/california_gold!_the_grab_begins_prepare_for_bankruptcy!.thtml

California Heads for the Social and Financial Latrines: Down they go Bawling for Your Money. http://rycksrationalizations.blogtownhall.com/2008/08/12/california_heads_for_the_social_and_financial_latrines_down_they_go_bawling_for_your_money.thtml

California Starts to Crumble under Socialism and Illegal Immigration

http://rycksrationalizations.blogtownhall.com/2008/05/07/california_starts_to_crumble_under_socialism_and_illegal_immigration.thtml

 

An Open Letter about the Final Solution to Global Warming and How to Save California from Burning.  Sunday, February 10, 2008 11:46 AM

http://rycksrationalizations.townhall.com/g/c779aad4-14b7-4ba9-a414-43e5c8cde7c8

 

The Financial Collapse of California and the Need to Hike Taxes

Tuesday, January 15, 2008 7:36 PM

http://rycksrationalizations.townhall.com/g/118339df-3358-4b7a-be62-273f3694b8bc

 

California: Socialism on a Roll: The Health Care Express to Debt and Poverty and the Poisoned Apple.

Thursday, December 20, 2007 12:44 PM

http://rycksrationalizations.townhall.com/g/ad8c8f91-529c-46c5-8c09-68658b379c10

 

Conan Deals with the Barbarians: California on the Financial Rocks, as Predicted.

Posted by rycK on Sunday, December 16, 2007 1:57:16 PM

http://rycksrationalizations.blogtownhall.com/2007/12/16/conan_deals_with_the_barbarians_california_on_the_financial_rocks,_as_predicted.thtml

 

The California Health Care Mess [Again]

Tuesday, November 20, 2007 6:22 PM

http://rycksrationalizations.townhall.com/g/58574b80-dce2-4ded-8571-c98512e3c7a8

 

 

This mess is based on these reviews of what the perverted lefties think and do in that so-called state:

 

The Road to Social Success, Peace and Justice: California has the Vision!

http://rycksrationalizations.blogtownhall.com/2008/06/05/the_road_to_social_success,_peace_and_justice_california_has_the_vision.thtml

 

Cryptomisoxeny[2] Explained by Theory and Examples.

http://rycksrationalizations.blogtownhall.com/2008/05/09/cryptomisoxeny_explained_by_theory_and__examples.thtml

 

An Urgent Need for a New Definition of Racism. [Cryptomisoxeny?]

http://rycksrationalizations.blogtownhall.com/2008/04/25/an_urgent_need_for_a_new_definition_of_racism_[cryptomisoxeny].thtml

 

 

I told you so. rycK a 5th generation 49er in exile.

 

 

Comments: ryckki@gmail.com

 



[1] California nears financial "meltdown" as revenues tumble

Thu Jun 11, 2009 12:05am EDT  By Jim Christie http://www.reuters.com/article/topNews/idUSTRE55974820090611

[2] One cannot interject skin color into any conversation in America any more without giving the race baiters and professional racists an opening for scoring points against their enemies. The disease of racism is politically convoluted and is now described as an act of cryptomisoxeny [2] whereby a self-declared non racist might employ overt racism in prose, form, speeches or by inuendo and thus ‘identify’ and expose a supposed racist whose comments or methods cannot be disgintuished from those of the accuser. The New York Times—aka the Walter Duranty Papers[2] is famous for perfecting this process as professionally-trained, dedicated racists squat upon their lofty thrones at the Old Gray Lady and work the levers of the tacky tactics of racism to attack and expose ‘racists’ in their editorials. The Times extends this logic to assert that anybody who disagrees with their editorials and analysis on race matters are actually racists. Merely disagreeing with the Times on any political matter is tantamount to an admission of racism, ignorance, bias, cannibalism, or at least some limited form of degeneracy.

 

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The Final Fruits of Affirmative Action: An Incompetent on the Supreme Court

The Final Fruits of Affirmative Action: An Incompetent on the Supreme Court

 

We now find out, after suffering through all the Obama honking about candidate Sotomayor being some summa c*m laude that she admitted she was a "a product of affirmative action." Another fraud in the leftist camp is exposed.

 

Her own words:

 

"With my academic achievement in high school I was accepted rather readily at Princeton and equally as fast at Yale, but my test scores were not comparable to that of my classmates," she said. "And that's been shown by statistics, there are reasons for that - there are cultural biases built into testing, and that was one of the motivations for the concept of affirmative action to try to balance out those effects."[1]-- Videotaped remarks shed light on Sotomayor by Charlie Savage, New York Times Thursday, June 11, 2009 [Emphasis is mine in all quotes.]

 

Of course, many minorities need an excuse for poor academic performance.

 

The sad fact is that because of cognitive skill differentials [The Bell Curve[2][3][4]] certain minorities will, on average, not be able to compete effectively in our society so we can expect more ‘affirmative action[5]’ programs from our government. Other minorities will excel. We might even hear that illegal aliens were ‘exploited and abused’ and now deserve some new affirmative action programs provided they will vote with the Democrats. The standardized tests will be outlawed or minimized as they exclude certain minorities by test scores. We saw that in the New Haven Fireman case[6] where, strangely, our nominee flatly slapped down their case. [7] No blacks could pass the test so the levers of reverse racism had to be pushed and Sonia Sotomayor did her part.”[8]— A Bigot is Chosen for the Supremes. Liberalism Celebrates! by rycK

The scholarly work and well-written and researched Bell Curve sifts through the test data and outrages the left as they cannot refute the findings and slobber out the excuse that the tests are biased. The problem with that lie is that when tests are rewritten and reanchored to median = 100 in IQ the same people get the same scores on the tests. This predictable and persistent observation has caused liberals to rise up in slavering hoards and call for the elimination of IQ tests. They claim, quite correctly, that these tests discriminate against certain minorities [not Asians] and that is correct. With the Asian median at 101 and the whites at 100 we find that blacks and Hispanics score 12-18 points lower at the median. The Bell Curve debunks this phony theory with numerous—nay millions—of examples.[9]

So, what to do?? Why, just lie and cover up the truth and sleaze your way into power—the old third world solution to any problem. Given the current facts about Obama and many of his cronies, we can expect lies, sleaze, reverse-discrimination and hatred toward whites and capitalism and they will use, inter alia, cultural biases by incompetents like this Sotomayor to corrupt the legal system.

With lower IQs many cannot compete in our society so we have to lie and cheat to give them some kind of contrived ‘equality’ and settle for the poor results that ensue from this choice. The metrics are clear here. [10]

What else would we expect from cretins like Nancy Pelosi, Harry Reid, Barney Frank and Joe Biden? More sleaze and lies are to come. Be prepared.

rycK

 

Comments to: ryckki@gmail.com

 



[1] Videotaped remarks shed light on Sotomayor by Charlie Savage, New York Times

Thursday, June 11, 2009 http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/10/MNVK184GQF.DTL

[2] The Bell Curve: Intelligence and Class Structure in American Life (ISBN: 0029146739)

by Herrnstein, Richard J. and  Murray, Charles  Free Press of Glencoe , Inc, Old Tappan, New Jersey, U.S.A., 1994.

[3] Echoes from the Babbling Brooks Envision a New Conservatism. The New York Times Advises Us on Society, as Usual: Higher Taxes

Posted by rycK on Saturday, February 16, 2008 10:37:49 AM

http://rycksrationalizations.blogtownhall.com/2008/02/16/echoes_from_the_babbling_brooks_envision_a_new_conservatism_the_new_york_times_advises_us_on_society,_as_usual_higher_taxes.thtml

 

[5] Reverse racism.

[7]At issue is the action of New Haven, Conn., city officials who threw out a promotion exam because no African-Americans and only two Hispanic firefighters were likely to be made lieutenants or captains based on the results.

Following their decision supporting the city, Sotomayor and her two fellow judges faced criticism from their conservative colleagues on the 2nd U.S. Circuit Court of Appeals in New York for declining to issue a detailed ruling
http://www.sun-sentinel.com/news/nationworld/politics/wire/sns-ap-us-sotomayor-firefighters,0,4372856.story

[9] This book[The Bell Curve: Intelligence and Class Structure in American Life (ISBN: 0029146739)  by Herrnstein, Richard J. and  Murray, Charles  Free Press of Glencoe , Inc, Old Tappan, New Jersey, U.S.A., 1994.] is blacklisted in leftist circles  because it shows that when standardized test scores are sorted by race that blacks and Hispanics score much lower than whites and Asians. Thus, a refutation to this vast array of data must somehow be accomplished.

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Lack of Confidence in Obama, Printing Money and the Crash of the Dollar. China Wins.

Lack of Confidence in Obama, Printing Money and the Crash of the Dollar. China Wins.

 

Abstract: The Chinese are, ever more closely, watching us[1] as they think our Treasury is surreptitiously printing money and monetizing the debt thus cheating the Chinese out of the value of their bond holdings. [2] This is a fact. Potential runaway inflation in the US Dollar injects predictable fears everywhere in the world.  We are spending and printing our way to financial oblivion just for the opportunity for the Obama administration and his lackeys to mangle our society with socialism, but our Treasury secretary goes to China and presents a vaudeville song-and-dance that is more reminiscent of the raunchy scenes from Cabaret.  We are gong to be financially responsible they are told. The Chinese are not buying into this phony skit.  Our dollar is sinking and our bond rates are rising and both of these will act in concert to aggravate our ‘recovery’ such as it might be.  Our worthless, lying, government slugs in Washington act as if they were trained in finance in some skin shop/drug den or massage parlor in California.  Long bond interest rates are soaring and our treasury is empty. We print money willy-nilly. We cannot stop inflation now. We are trying to rescue fallen corporations in Detroit whose useful lifetimes are long past a proper burial and just to save expensive union jobs and their precious votes. Our currency is now at risk from both inflation and collapse and the Obama administration just wants to print more money and spend and spend and spend.

 

We have been watching the theatrics of our elfin being[3] and his pack of  hokum-chucking jesters as he juggles several financial hot potatoes in the steamy atmosphere of Washington politics. But, now he struggles to spread his contrived cheer, charm and propaganda in China, the world’s most progressive economy, based, quite interestingly, on 16th century mercantilism and focused on mostly exports.  We are focused, mostly in churlish response to proper credit practices, on imports.  We are broke. They apparently don’t believe his promises. I don’t. Nobody should.

 

His most unbelievable intermezzo went like this:

 

In his speech, Geithner renewed pledges that the Obama administration would cut its huge fiscal deficits and promised "very disciplined" future spending, possibly including reintroduction of pay-as-you-go budget rules instead of nonstop borrowing.[4]

 

He must think the Chinese bankers are like Hop Sing running wildly around with his hatchet trying to prepare meals on the Ponderosa ranch and performing every little task for his several masters like a half-wit lackey. Inflation is now a political football with sooth-Sayers on our sordid Left trying to play down the effects until we are hopelessly socialized.[5]

 

Well, those with expertise in anything other than blind socialism or the drug world seem to think otherwise:

 

Senior Chinese leaders have privately voiced fear over the soaring US budget deficit and are increasingly looking to diversify from the dollar, a Republican congressman said.” [Emphasis is mine in all quotes.]

 

"We heard across the board -- in private -- substantial, continuing and rising concern," Representative Mark Kirk said after a trip to China that included talks with government officials and central bank chief Zhou Xiaochuan.”[6]-- China airs fears on US debt, dollar: lawmaker.

 

Here is a sample of what a director-general at the China Banking Regulatory Commission thinks:

 

““Mr Luo, whose English tends toward the colloquial, added: “We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.””[7]—wild rant by Luo Ping, a director-general at the China Banking Regulatory Commission.

 

The solution might be for the Chinese to demand the US issue bonds in yuan so as to keep their inflation on par with their own currency or other maladies that would affect our power and influence everywhere.[8] So, if we inflated, say, 10% during the life of the bond we would have to add 10% to the effective interest rate. If we inflated 50% well……….. If the bond rates double, then the principal falls in half. Can the Chinese perform simple arithmetic? Washington is either inept in figgers or they are lying. I choose the latter after listening to their phony rants for the last few decades. They are prevaricating parasites who would do anything to get to power such as sandbag our War on Terrorism. They never stopped howling about that or water boarding. They celebrated our war loses and hailed Islamo-Fascism as part of the new future.

 

The Chinese will not let loose of this view:

 

"It's clear that China would like to diversify from its dollar investments," the lawmaker said at the Center for Strategic and International Studies, a Washington think-tank.”[9]-- China airs fears on US debt, dollar: lawmaker

 

Apparently, the Obama Administration wonks and their ACORN-dependent hacks think the Chinese are as ignorant as the milk sop flunkies that voted this Neo-Marxist into power. Perhaps they are as uninformed as the cognitively-disnimble lower-middle-class whites in Iowa that believed in ‘change’ and provided the impetus for Obama to surge ahead of Hillary. The drooling lefties must think that printing money and raising taxes to confiscatory levels form the glorious path forward for the left. Perhaps they should be watching the current events in Europe as the left wings are being clipped in many parts of what used to be the heart of capitalism. These pedestrian-level parasites seem to have learned finance in California.[10] They seem to believe in contorted and twisted nostrums of “Social Success, Peace and Justice”—known now as the California Dream.[11]  California is now hopeless morally, socially and financially bankrupt so maybe they do need to smoke more dope until the next incarnation.

 

Obama’s wild spending and borrowing are not fulfilling his ‘promises’ to save jobs and the economy turns worse every month. This effect stems directly from the phony notion that if the GDP falls that our phony and worthless government must chuck money into the winds to make up that loss and that we will ‘recover’ soon. We can, in their distorted view, just spend our way into prosperity. Nobody believes this in Chin or the more enlightened parts of Europe.  The Euro Zone is being transformed:

 

It is not clear why a chunk of the blue-collar working base has swung almost overnight from Left to Right, but clearly we are seeing the delayed detonation of two political time-bombs: rising unemployment and the growth of immigrant enclaves that resist assimilation.”[12]-- Europe swings Right as depression deepens Posted By: Ambrose Evans-Pritchard at Jun 8, 2009

 

Does this sound familiar? Here the rush to give amnesty to millions of illegal aliens pads the ballot boxes in favor of Obama and his slavering socialists. Can we also, at the expense of becoming labeled as politically incorrect, inquire if our resident Afro-Americans are also ‘resisting’ assimilation? The metrics seem to show that. [13] Take a look at the high school dropout records, standardized test scores, crime and welfare stats. This is now a separate government-dependent society where money has been shoveled into the cities with front loaders so as to preserve the ‘womb to tomb’[14] voting preferences of the low class.

 

Now, rising interest rates must accompany the toxic spray of worthless dollars as the festoon the financial landscapes:

 

 The average long-term government bond fund is down 18.5 percent this year, according to Morningstar. That's worse than any other category of U.S. or foreign stock or bond fund.”--- Rising interest rates start to worry investors by Kathleen Pender Tuesday, June 9, 2009 . [15]

 

Let us all pause for a moment, and for those with more than a few neurons to rub against their braincases, we must note that IF the interest rate doubles on a bond then the principal will FALL by 50%. [a $1000 bond is now worth $500 for those liberals who cannot think for themselves.] Isn’t that a cheery thought for investors? To this we can add the salient point that Obama has now, with his sterling influence and intimidation of some simple-minded bankruptcy judge, just devalued secured bond holding in Chrysler and GM.  This maneuver follows the maxim that bondholders are ‘greedy. We can stare at the factoids and wonder what Obama and his socialists are thinking as their ‘stimuli’ fail to halt unemployment, as sorely promised, and interest rates now ominously rise.[16] Obama is a failure and is surrounded by hand-picked parasites like Backside Barney Frank [17],  or our leprotic caricature of a plastic-faced reincarnation of  Rosa Luxemburg:[18]

 

I compared Nancy Pelosi to Spartacus [19][in honor of the Marxist heroine Rosa Luxemburg] the former chair of the Marxist Progressive Caucus[20] or Congress' Red Army caucus[21] who, incidentally, personally approved the spending of every dime in the last three budgets. We must blame Bush for the spending! We must also blame Bush for an ‘illegal war[22]’ and torture.[23] The Republicans are off base on this one. Pelosi is a vieille sorcière vilaine sans talents[24]—she has none of the admirable attributes of Ms. Galore real or imaginary.[25]

 

We should have ‘confidence’ in the confidence operators when we read things like this:

 

A whiff of this potential outcome has haunted the market lately, contributing to the jump in Treasury yields and shaving more than 9% from the dollar's value against a basket of currencies since March 9.

 

"We're not inflating assets because of sound economic policy. We're inflating them by printing money," says David Joy, chief market strategist at RiverSource Investments in Minneapolis. "To some extent, it's an appropriate response because the private sector is flat on its back. But it's a dangerous path."[26]-- Land Mines Pockmark Road to Recover.  By Mark Gongloff.  June 8, 2009.

 

Can we have ‘confidence’ in Obama’s handling, direct from the White House of the fine details of the Chrysler and GM bankruptcies? Oh, yes, they can restore Detroit to financial soundness! Sure.  The Supreme Court’s recent stay clouds the issue of new government powers granted under TARP, another mistake. [27] Let us also chuck in some real steep Carbon Cap Taxes to help us along too. Then there is socialized medicine.

 

Well, we can see this, Europe can see this, China and Brazil can see this, the Republicans can see this and the only people on the planet who cannot seem to be mesmerized by Obama and his Neo-Marxists.  Where do we get these cretins? How much are these losers in Washington going to cost us?

 

Our currency is now at risk and for what? Socialism? I will be anointed Queen of the May before we practice pay-as-you-go budget rules.

 

rycK

 

Comments to: ryckki@gmail.com

 

 



[4] Geithner tells China its dollar assets are safe

On Monday June 1, 2009, By Glenn Somerville http://finance.yahoo.com/news/Geithner-tells-China-its-rb-15396905.html?.v=2

 

[8] “If the dollar is replaced as a reserve currency, American military power collapses literally overnight and with it the ability to dominate world affairs. All the aircraft, ships, submarines, the over 700 overseas military bases – mostly in the Middle East protecting the flow of the economy’s lifeblood (oil) - are currently paid for on the Chinese credit card. The wars in Afghanistan and Iraq are in fact being financed bv Chinese money. If military spending had to be paid for by what the economy makes each year in real manufactured goods, then it would have to be cut dramatically until the American defense forces resembles less a super-power and more the defense forces of other large countries.”-- Reserve currency: Replacing $$ has huge implications.” http://www.globalsurfnews.com/news.asp?Id_news=41212

[12] Europe swings Right as depression deepens Posted By: Ambrose Evans-Pritchard at Jun 8, 2009 http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2009/06/08/europe_swings_right_as_depression_deepens

 

[15] Rising interest rates start to worry investors.  By Kathleen Pender

Tuesday, June 9, 2009 http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/08/BUTD1833OC.DTL&type=business

 

[16]Last Friday, they got a taste. The government's announcement of the lowest job-loss numbers since September didn't much faze the stock market. But the market for U.S. Treasury debt had its worst day in nine months, driven by worries about inflation and higher interest rates. Land Mines Pockmark Road to Recovery. By Mark Gongloff http://online.wsj.com/article/SB124442326661992487.html

 

[17] Backside Barney or ”I think my bunny ought to be publicly financed.” Would you like to rub my bunny? Backside Barney Announces More Taxes and Spending! What Else?

http://rycksrationalizations.blogtownhall.com/2008/10/21/backside_barney_announces_more_taxes_and_spending!_what_else.thtml

 

[18] I compared Nancy Pelosi to Spartacus [in honor of the Marxist heroine Rosa Luxemburg] the former chair of the Marxist Progressive Caucus[18] or Congress' Red Army caucus[18] who, incidentally, personally approved the spending of every dime in the last three budgets. We must blame Bush for the spending! We must also blame Bush for an ‘illegal war[18]’ and torture. The Republicans are off base on this one. Pelosi is a vieille sorcière vilaine sans talents[18]—she has none of the admirable attributes of Ms. Galore real or imaginary.

 

[19] Pelosi: The New Red Flag Rules of Spartacus.

Thursday, November 09, 2006 10:37 AM

 

[20] http://en.wikipedia.org/wiki/Congressional_Progressive_Caucus#Ideology .

“An array of national progressive organizations will work to support the efforts of the caucus, including the Institute for Policy Studies, The Nation Magazine, Moveon.org, National Priorities Project, Jobs with Justice Campaign, Peace Action, Americans for Democratic Action, and Progressive Democrats of America. Also co-sponsoring the kickoff event were the NAACP, ACLU, Progressive Majority, League of United Latin American Citizens, Rainbow/Push Coalition, National Council of La Raza, Hip Hop Caucus, Human Rights Campaign, Association of Farmworker Opportunity Programs, and the National Hip Hop Political Convention. The CPC has long maintained cordial ties with the Democratic Socialists of America, which hosted its website during the 1990s.”

 

[21] Congress' Red Army caucus. Here was their charter in 1998: Our purpose is to present thoughtful, practical solutions to the economic and social problems facing America," says its statement of purpose. "Our people-based agenda extends from job creation to job training, to economic conversion, to single payer health-care reform, to adequate funding for the AIDS crisis, to environmental reform and to women's rights. "Now that the Cold War is over, this nation's budget and overall priorities must reflect that reality. We support further cuts in outdated and unnecessary military spending, a more progressive tax system in which wealthy taxpayers and corporations contribute their fair share, and a substantial increase in social programs designed to meet the needs of low-and-middle-income American families. We believe that these goals fit within an overall commitment to deficit reduction." http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=14542

 

[22] Somehow, Bosnia, WW1 and WW2 were ‘legal’. All Democrat wars.

 

[23]  Whatever this word means.

 

[24] An ugly hag with no talent.

 

[26] Land Mines Pockmark Road to Recover.  by Mark Gongloff  June 8, 2009. http://online.wsj.com/article/SB124442326661992487.html

 

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The Babbling Brooks of the NYT Babbles about Government-Induced Quagmires. GM will fail.

 

The Babbling Brooks of the NYT Babbles about Government-Induced Quagmires. GM will fail.

 

Abstract: David Brooks wanders into his own quagmire as he analyzes the General Motors mess and concludes that government intervention will only make the swamp a bit more dank and sticky. Thus, in a rare instance, he wanders out of his comfort zone with the correct conclusions about the future of this government debacle. Such deviations from liberal ideology that cast a brown light on government programs of any genera are atypical episodes from the NYT, so it was necessary to explore and execute an excursion into the reasoning of this proposition in detail. Although Brooks mechanically services some stale leftist platitudes, he stumbles onto the most likely concluding scenario that GM will be a permanent stain on capitalism and the taxpayers. It will fail as a company but excel as a political vehicle for ignorance, corruption and politics. It will become a gangrenous mass that will consume taxpayer’s monies without substance or effect for decades to come.

As we peruse the NYT—aka the Walter Duranty Papers[1][2]--an oddity of filtered  information and a rusty turn-of-the-crank Marxian siren,  we must always be prepared to suffer the harangues of exotic and persuasive grand visions about hope along with some new progressive leftist government that will bring glory and peace in our time. The NYT always has the proper social or economic solution to all known problems of society and will condemn all who would disagree with their findings. But, in a strange foray into the uncharted wilderness of reason and analysis, and probably by an unintentional collision with reality, our Chief Babbler David Brooks,[3] [4] seems to spread a sickly pallor over the bubbly froth and foam in dialectical opposition to what the Old Gray Lady normally touts. GM is not going to work out! This is a heresy so this article may be worth reading and pondering.

We begin with a boring set of quotes cherry-picked for the occasion and subject to the usual revisionist interpretations of the picker:

On Jan. 21, 1988, a General Motors executive named Elmer Johnson wrote a brave and prophetic memo. Its main point was contained in this sentence: “We have vastly underestimated how deeply ingrained are the organizational and cultural rigidities that hamper our ability to execute.””The Quagmire Ahead by David Brooks Op-Ed Columnist Published: June 1, 2009 [Emphasis is mine in all quotes.][All quotes are from this link in this essay today unless otherwise indicated.]

 Yadda  Yadda Yadda

Of course the Old Gray Lady, or what is left of her carcass, would never be accused of having any political or cultural rigidities” that might interfere with its propaganda machine. They are objective and all who disagree with their ethereal mandates are Neanderthals, bigots, Nazis or worse.

Not to bore the readers with a rummaging exercise through the tombs of lost enterprise, we can just summarize Brooks conclusion at this point with this summation:

Over the last five decades, this company has progressively lost touch with car buyers, especially the educated car buyers who flock to European and Japanese brands. Over five decades, this company has tolerated labor practices that seem insane to outsiders. Over these decades, it has tolerated bureaucratic structures that repel top talent. It has evaded the relentless quality focus that has helped companies like Toyota prosper.”-- David Brooks

Missing here are: the government’s coddling of union labor at G.M., the mangling of the design process caused by the psychotic C.A.F.E. standards, EcoNazism and other liberal adventures.  Also omitted are the brands that are highly profitable [5] such as the Chevy Silverado and the Cadillac Escalade. People don’t want to buy tiny electric death traps to zip around in. They are phony anyway as we don’t have the battery technology to make them drive decent distances.[6] This warped vision of creeping failure is directed toward management as if they operated in an otherwise free market system where oppressive government was absent or at least benign.

As a result, G.M. has steadily lost U.S. market share, from 54 to 19 percent.”-- David Brooks

Okay, a given.  Now for the quick fix with government rushing in on their donkeys fixed up with honking kazoos and little hop and clap dances and fresh blueprints for the ultimate green weenie urban micro EcoBuggy that gets a thousand miles per gallon or runs only on gratuitous political wind:

For the elemental facts about the Obama restructuring plan are these: Bureaucratically, the plan is smart. Financially, it is tough-minded[??? ed]. But when it comes to the corporate culture that is at the core of G.M.’s woes, the Obama approach is strangely oblivious. The Obama plan won’t revolutionize G.M.’s corporate culture. It could make things worse.”-- David Brooks

The nostrum that we have, perhaps for the first time, a “bureaucratically smart government” plan is astonishing as it stands alone in history. One of the words in that quote is out of place in this sentence. When did the government ever have a successful program? How about we inquire about welfare, Social Security, Medicare, Great Society, War on Poverty, HUD, HHS, Mexican Border, drug control, spending, debt or some others that might be randomly selected. These cited programs were expensive and bureaucratic swamps—not anywhere near smart. Our worthless government cannot make government function according to promised or proffered plan or plea. They are losers. History is clear on this point.

Then, the notion that G.M.’s culture will not change is absurd as G.M.’s culture will metamorphose into the lap dog and candy comedy of the government’s slightest craving. Every stooge appointed to monitor the suburban toilet flush volumes will have some ‘input’ into design and structure of this pile of emotional and social pulp.

Brooks rolls in a lot of debris into his analysis but here is the essence of his part I of a VI part analysis:

[1]But the Obama plan rides roughshod over the current private investors and so discourages future investors.”-- David Brooks

I think he is slithering by the Constitutional prohibition of government operating normal corporations as they “didn’t” do with G.A.F.[7], Amtrak and the phony US Postal Service, all wrecks. He omits, as if he is living in some cloak-and-dagger scene from some rewind of an A.  Conan Doyle saga, the shabby and illogical treatment of secured debt bond holders and the colossal body of bankruptcy law that should have given then a first place in the operating room when the smelly carcass of GM is carved up and tossed to the howling dogs. One successful element of propaganda creation is the omission of essential factors thus creating disinformation[8]  by omission and thus the illusion of fact. Brooks is following right left along here on budget and on plan.

That is the last damn time people that can boast a brain case with more than 6 neurons to rub together will buy bonds from some company that might be a government takeover target. Go get it from the ChiComs or just go out into the woods and whistle for your funding. Stuff it Washington!

Brooks now mixes labor and management and blends them into some kind of cake mix that could be baked to make brownies or muffins at will:

[2]Second, the Obama plan entrenches the ancien régime. The old C.E.O. is gone, but he’s been replaced by a veteran insider and similar executive coterie. Meanwhile, the U.A.W. has been given a bigger leadership role. This is the union that fought for job banks, where employees get paid for doing nothing. This is the organization that championed retirement with full benefits at around age 50. This is not an organization that represents fundamental cultural change.”-- David Brooks

This is a hopeless snarl of the components of a corporation and is typical of the NYT far leftist culture. To think that the corrupt and greedy unions have existed in some kind of leadership role is the kind of undomesticated fiction that needs to be sprinkled with pixie dust to gain some respectability.  Union featherbedding was obliquely mentioned here, but the work rules and Wagner Act bargaining laws have forced GM to allow unions to gut this business, or, at least the inefficient and unprofitable part—the American unionized auto manufacturers. The idea that labor will co rule with exempt management is a sick joke. The unions cannot hold massive quantities of common shares and simultaneously sit on the board and sanely discuss labor costs, profits and work rules in the same session. The Japanese, Koreans, Germans and others seem to be doing fine without labor haunting their boardrooms. They are the ones who took the lion’s share of business away from the union-besotted GM wreckage that used to be a car company. Thus, they handily bested the ancien régime. Here is an idea: why not crapcan G.M. and let the marginal business go to the non union car companies? They could then make their better cars at a profit sans unions and government. Everybody wins!

Brooks is mistaken—the régime will be some mirror of government bureaucracy.

[3]It would be politically suicidal for the Democrats, or whoever is in power, to pull the plug on the company — now or ever. Therefore, the current managers can rest assured that they never need to fear liquidation again. There will always be federal subsidies for their own mediocrity.”-- David Brooks

Doesn’t this comment derive from history, as long as we are playing that little game, and doesn’t this smell like Amtrak? [Note: created in 1971 “…officials expected that Amtrak would break even by 1974…[9]… lost money every year.”], The New York Central and Penn Central railroads wound up as the tombs for the rotting rail business and they, too, were ‘too big to fail’ and union jobs were at stake and all that. Amtrak has never made a profit and apparently never will but this shameful excuse for a transportation service has nothing to fear when the question of federal subsidies arises. They are wired into the tax base like cockroaches in the Bronx. They are a permanent fixture on the political landscape.

 [4]Fourth, the Obama plan dilutes the company’s focus. Instead of thinking obsessively about profitability and quality, G.M. will also have to meet the administration’s environmental goals.”

Well, David bangs this one on the noggin. And, notice, this is not a ‘business’—this is some kind of political mission thus doomed to failure. Anybody reminded of Moscow Central Planning here? This company will be destroyed by EcoNazi Feature Creep. Every quack idea from windmills on the roofs to cold fusion propulsion will be bolted on every model.

[5]Fifth, G.M.’s executives and unions now have an incentive to see Washington as a prime revenue center. Already, the union has successfully lobbied to move production centers back from overseas. Already, the company has successfully sought to restrict the import of cars that might compete with G.M. brands. In the years ahead, G.M.’s management will have a strong incentive to spend time in Washington, urging the company’s owner, the federal government, to issue laws to help it against Ford and Honda.”

Brooks refrains from using the term ‘sugar daddy’ here as he probably should. They will just  be common whores. This ‘arrangement,’ a ménage à trois, collects expertise from well-established business operators such as street hookers, loan sharks and soup kitchens cooks and rolls them into one sticky mass that will adhere to any political wall or appropriations bill. The union factions will bawl for higher and higher tariffs on foreign-made autos and will find ways to tax the domestic competition or get special subsidies to undermine competition by real car companies. The slogan “Buy Detroit or we will raise your taxes” will dominate the adverting medium.

[6] A restroke of [5]:Sixth, the new plan will create an ever-thickening set of relationships between G.M.’s new owners — in government, management and unions.”

[Fini]The end result is that G.M. will not become more like successful car companies. It will become less like them. The federal merger will not accelerate the company’s viability. It will impede it. We’ve seen this before, albeit in different context: An overconfident government throws itself into a dysfunctional culture it doesn’t really understand. The result is quagmire. The costs escalate. There is no exit strategy.”[10]

This conclusion is remarkable and probably highly predictive of what GM will look like when liberal Democrats get into the washrooms, hospitality suites and plumbing of this company.  This little story is not exactly what the NYT expects as a proper leftist analysis of the rotting carcass of GM. It has some negative elements here that denigrate government. Brooks has strayed from the limits of his nose ring chain in the past and somehow his job remains apparently secure.  He does a good job here.

After paring away some of the hokum and blow from this piece, the conclusion is well argued.  G.M. will become a wanton tax whore that will suck money from the taxpayers like a waterspout in a typhoon. It will be come a colossal failure like Amtrak or Social Security and will be converted into a juicy political plum for the friends and offspring of leftist supporting types and their political bedfellows. It will be a candy store for the sick, lame and lazy and will be celebrated as a masterpiece in governance around socialist campfires.

 This is why we can never again buy a car from Detroit.

 rycK

 Comments to: ryckki@gmail.com



[1] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the NYT. The color RED is used in my essays in honor of Walter Duranty, a saint, if there could be one, in the Marxist Archives of Honor.

[3] The Babbling Brooks of the NYT Babbles about Decision Making [?!] and Perception?

http://rycksrationalizations.blogtownhall.com/2008/10/28/the_babbling_brooks_of_the_nyt_babbles_about_decision_making_[!]_and_perception.thtml

 The Babbling Brooks of the NYT Babbles about Nihilism with Innovative Socialist and Nihilist Overtones.  Raise Taxes!

http://rycksrationalizations.blogtownhall.com/2008/10/01/the_babbling_brooks_of_the_nyt_babbles_about_nihilism_with_innovative_socialist_and_nihilist_overtones__raise_taxes!.thtml

The Babbling Brooks of the NYT Babbles about Obama and his Failure to Have a Clear Lead Over McCain.

http://rycksrationalizations.blogtownhall.com/2008/08/05/the_babbling_brooks_of_the_nyt_babbles_about_obama_and_his_failure_to_have_a_clear_lead_over_mccain.thtml

 The Babbling Brooks of the NYT Babbles about Education.

http://rycksrationalizations.blogtownhall.com/2008/07/29/the_babbling_brooks_of_the_nyt_babbles_about_education.thtml

 

The Babbling Brooks of the NYT Babbles about Debt and Blame but Offers No Solution.

http://rycksrationalizations.blogtownhall.com/2008/07/22/the_babbling_brooks_of_the_nyt_babbles_about_debt_and_blame_but_offers_no_solution.thtml

 The Babbling Brooks of the NYT Babbles about Lincoln, Mercury Pills and The Grip of Emotions. [?!]

http://rycksrationalizations.blogtownhall.com/2008/06/06/the_babbling_brooks_of_the_nyt_babbles_about_lincoln,_mercury_pills_and_the_grip_of_emotions_[!].thtml

 From the Babbling Brooks: Confusion, Hokum and Fluff: Vote for Obama

http://rycksrationalizations.blogtownhall.com/2008/05/06/from_the_babbling_brooks_confusion,_hokum_and_fluff_vote_for_obama.thtml

 Echoes from the Babbling Brooks Envision a New Conservatism. The New York Times Advises Us on Society, as Usual: Higher Taxes

Posted by rycK on Saturday, February 16, 2008 10:37:49 AM

http://rycksrationalizations.blogtownhall.com/2008/02/16/echoes_from_the_babbling_brooks_envision_a_new_conservatism_the_new_york_times_advises_us_on_society,_as_usual_higher_taxes.thtml

Brooks of the New York Times Mumbles about Bugs, Independent Voters and Mechanical Liberalism

Tuesday, January 08, 2008 10:36 AM

http://rycksrationalizations.townhall.com/g/50bf9f36-0e0b-4e9a-be6d-5234d0d54f2c

 The Babbling Brooks of the NYT Babbles about Obama and his Failure to Have a Clear Lead Over McCain.

http://rycksrationalizations.blogtownhall.com/2008/08/05/the_babbling_brooks_of_the_nyt_babbles_about_obama_and_his_failure_to_have_a_clear_lead_over_mccain.thtml

 The Babbling Brooks of the NYT Babbles about Education.

http://rycksrationalizations.blogtownhall.com/2008/07/29/the_babbling_brooks_of_the_nyt_babbles_about_education.thtml

 

Echoes from the Babbling Brooks Envision a New Conservatism. The New York Times Advises Us on Society, as Usual: Higher Taxes

Posted by rycK on Saturday, February 16, 2008 10:37:49 AM

http://rycksrationalizations.blogtownhall.com/2008/02/16/echoes_from_the_babbling_brooks_envision_a_new_conservatism_the_new_york_times_advises_us_on_society,_as_usual_higher_taxes.thtml

 [4] The Babbling Brooks of the NYT Babbles about Changes He Can ‘Believe’ In.

http://rycksrationalizations.blogtownhall.com/2008/11/08/the_babbling_brooks_of_the_nyt_babbles_about_changes_he_can_%e2%80%98believe%e2%80%99_in.thtml

 [5]Yet automotive economists repeatedly point out that GM's most profitable — and popular cars — are some of its biggest gas-guzzlers. The Chevy Silverado, which looks like a Holden ute on steroids, and the Cadillac Escalade four-wheel drive, the black beast used in motorcades, are two of the company's more profitable models. http://business.theage.com.au/business/obama-grilled-on-gms-backseat-driver-20090602-budj.html

 

[8] Propaganda Gem:  Krugman Distorts History as He Grubs for More Taxes.

http://rycksrationalizations.blogtownhall.com/2008/06/16/propaganda_gem__krugman_distorts_history_as_he_grubs_for_more_taxes.thtml

 Propaganda Gem: Frank the Crank Clarifies Anger for the Women Voters and the Polls Show Obama Wins the Most Women!

http://rycksrationalizations.blogtownhall.com/2008/06/15/propaganda_gem_frank_the_crank_clarifies_anger_for_the_women_voters_and_the_polls_show_obama_wins_the_most_women!.thtml

 Propaganda Alert: The New York Times Axes the Right Questions and then Answers Them with the Left Answers.

http://rycksrationalizations.blogtownhall.com/2008/06/13/propaganda_alert_the_new_york_times_axes_the_right_questions_and_thenanswers_them_with_the_left_answers.thtml

 Political Lessons from the Fairy Tales by the New York Times: Propaganda at Work.

http://rycksrationalizations.blogtownhall.com/2008/04/11/political_lessons_from_the_fairy_tales_by_the_new_york_times_propaganda_at_work.thtml

 Propaganda Lesson: Economics and Recessions from The NYT: A Long [Sad] Story and Stern Tutorial on Tax Cuts.

Friday, February 08, 2008 10:16 AM

http://rycksrationalizations.townhall.com/g/2bea69e5-bb30-4923-9ed4-192199970c1a

 Debunking the New York Time’s Mythical Debunking of the Reagan Myth, a New Lesson In Propaganda.

Monday, January 21, 2008 2:40 PM

http://rycksrationalizations.townhall.com/g/891a796e-1a05-4978-898d-6b537e47c718

 Another Lesson in Propaganda, Lies and Sleaze From The New York Times.

Wednesday, January 16, 2008 8:51 AM

http://rycksrationalizations.townhall.com/g/1a8b21b3-4d72-4558-bece-fce7920b4d13

 Propaganda Lesson # 50,001 From The NYT: Krugman Advises Us About Personalities And Their Effects On Economics.

Monday, January 14, 2008 12:58 PM

http://rycksrationalizations.townhall.com/g/4183cd6c-8a51-4286-9fe8-c13c74fdf651

 The New York Times Returns to Mindlessly Advocating Tax Hikes: Propaganda Lesson #50,001.

Monday, January 07, 2008 11:25 AM

http://rycksrationalizations.townhall.com/g/a9715023-f043-4d78-8e23-1cf0d1fd118a

 More Lessons in Propaganda from the NYT: The Great Divide Phantasm.

Monday, December 31, 2007 11:44 AM

http://rycksrationalizations.townhall.com/g/d743c810-d793-4810-afd5-288fa3cb35cd

 Arizona: A NYT Propaganda Lesson on the Abrogation of the Rule of Law for Illegal Aliens

Thursday, December 20, 2007 10:51 AM

http://rycksrationalizations.townhall.com/g/33b5a5af-d556-4b51-9a29-97934a13cc4e

 

The New York Times Gives Another Propaganda Lesson on Hillary

Sunday, December 09, 2007 1:43 PM

http://rycksrationalizations.townhall.com/g/a33cb63b-2c81-4747-be4d-99c54799f358

 Propaganda Alert: New York Times calls for "Fair Tests?!"

Monday, November 26, 2007 3:44 PM

http://rycksrationalizations.townhall.com/g/32b0c232-e531-4f91-bd33-50d2cf604304

 More Propaganda and Half Truths from the New York Times

Sunday, November 18, 2007 1:55 PM

http://rycksrationalizations.townhall.com/g/d51aca44-ba27-44a4-aed7-9afe7b9e36dc

  [9] http://en.wikipedia.org/wiki/Amtrak#Subsidized_competition

[10] Like the phony Colin Powell nonsense: Colin Powell Belongs in the Party of Democrats

http://rycksrationalizations.blogtownhall.com/2009/05/25/colin_powell_belongs_in_the_party_of_democrats.thtml

 

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Nader Reaches His Nadir in His GM Bankruptcy Essay.

Nader Reaches His Nadir in His GM Bankruptcy Essay.

 Abstract: Ralph Nader comments on the GM bankruptcy and sheds tears and accuses many of inefficiency and worse and suggests that our worthless congress needs to ‘debate’ this issue. He probably would recommend a compleat nationalization of all auto companies in the US—just to be fair and to provide justice. This is the old activist Ralph in action.

 To start off:

 WASHINGTON, June 1 /PRNewswire-USNewswire/ -- Consumer advocate Ralph Nader today issued the following statement on GM's bankruptcy filing:

 Today's bankruptcy declaration in federal court by General Motors is an avoidable, crude weapon of mass devastation for workers, dealers, auto suppliers, small businesses and their depleted communities. For GM's voiceless owners -- the common shareholders -- it is a wipeout.”[1]-- Nader Statement On GM Bankruptcy. Jun 1 , 2009.  [Emphasis is mine in all quotes.] [All quotes are from this link unless specifically noted.]

 The common stock shareholders are the ones who should be wiped out as they take the risk and get the profits. That is what the stock market is all about in the real world. The notion that greedy unions can somehow milk a corporation like they did with rails, textiles, steel and others and that they can successfully compete in the market place is nonsense. Here is another dose of unreality:

 The proximate cause of the bankruptcy was supposed to be the inability of GM and the government's auto task force to reach an accommodation with GM's bondholders. But late last week, the bondholder problem was moving toward rapid resolution, and was clearly resolvable. Why then are GM and its multibillion government financier proceeding with bankruptcy?”—Nader.

 This was never the case. There was no resolution offered here to bondholders—just take a wipeout and let the unions have your share. By law, bondholders of the secured type are first in line in the settlement—but we have union-bribed politicians here in the crowd in this melee. The Whitehouse, led by O’Bozo, had decided in the Chrysler case, in opposition to established bankruptcy laws, that the unions, stooges but great money pumps for the Democrats, should get the lion’s share of the business as it disintegrates. Bondholders should be last because they are ‘greedy.[2]

 “By all rights, the restructuring plan should have been submitted to Congress for deliberative review and decision.”

 The pinnacle of lunacy. Perhaps the banks and persons who buy T-Bills are just plain ‘greedy’ and ought to not get paid. Our government is a sick joke and Nader, as he approaches his nadir, wants some more debate and perhaps a ‘bailout’ for some wretched car company that cannot compete and loses money on every car. Leftist politicians, C.A.F.E rules, greedy unions and other anti-corporate measures are what sank this company. Michigan will get what it deserves in this second round. Vote Democrat and raise taxes and we can all get back to prosperity! Every union member in Michigan ought to get food stamps and free housing for life!  Just raise taxes to pay for that.

 The unionized workforce will see the wage and benefit structure slashed -- even though auto manufacturer wages make up less than 10 percent of the cost of a car [??][3]-- so that new jobs at GM will no longer be a ticket to the middle class. This will drag down the wage structure of the entire auto industry -- exactly the wrong direction for the country.”

 More than wages—and Nader forgot to mention legacy costs and also  failed to mention union work rules that ruin efficiency in the interest of greed and feather bedding—the union plants are just not competitive with German and Japanese and Korean plants. The entire union culture is out of date and belongs back in the Bolshevik Era and is now a drag on any economy.  Nader talks like he has a seat on the Politburo and knows how to handle these matters like the highly successful Soviets did with their central planning. The entire USSR was ‘unionized’ in many ways.

 I question his 10% of cost numbers as well. We know this:

 On its website GM released the total of both cash compensation and benefits provided to GM hourly workers in 2006 amounted to approximately 73.26 U.S. dollars per active hour worked, including 39.68 dollars in cash compensation and 33.58 dollars in benefit or government required programs, such as pensions, group life insurance, disability benefits, and supplemental unemployment benefits and so on. However, the costs used to make a Toyota car in the U.S. plants were only 48 dollars per hour.”[4]-- Huge labor costs blamed for GM's filing for bankruptcy [www.chinaview.cn]  2009-06-02

 But we don’t know how many hours are put in per car. I couldn’t find those data. Perhaps Toyota only has about 5% labor cost per vehicle. I think these numbers are ‘sensitive’ and concealed from the public.

 Nader raves on, incoherently as we would expect from a green activist, populist and someone for which other fringe-loony labels apply[5], and sticks in his little success with the Chevrolet Corvair   from the past:

 With the company entering bankruptcy, the next challenge will be to ensure that the government exercises its ownership rights to undo and mitigate, to the extent possible, these damages. Among other measures, this should involve revisiting the serious drag-down, concessionary wage terms imposed on the United Auto Workers; demanding a moratorium on GM's outsourcing of production of cars for sale in the United States; and establishing successorship liability for the new GM, so that victims of dangerous and defective GM cars can have their day in court.”

 ALL small cars are dangerous so the new Twinkie battery-powered[6] plastic shells will also be death traps like the rear-engine Corvair. All this info is in the public domain but is denied by small car activists, drug addicts, EcoNazism[7] and others.

 The noxious comment that our phony government might “exercises its ownership rights to undo and mitigate, to the extent possible, these damages” is a plea for socialism and government control of business. To think that the government can set up and run a business makes us take a hard look at GAF, Amtrak, the Post Office and that silly armor factory back before world war 1.

 And Ralph has no concern for the corruption of the bankruptcy laws where the bond holders were summarily tossed into the scrap heap before the judge was assigned to the case. Just try to sell some more bonds [or common shares for that matter] to another government ‘project’ like this one. Stay clear of doing any business with auto companies that are unionized or anything that has strict controls by our worthless government.



[1] Nader Statement On GM Bankruptcy    Jun 1 , 2009.  http://www.breitbart.com/article.php?id=prnw.20090601.DC25338&show_article=1 [Emphasis is mine in all quotes.] [All quotes are from this link unless specifically noted.]

[2] “Chrysler filed for bankruptcy two weeks ago, bondholders who opposed the government-brokered reorganization were derided as greedy by President Barack Obama.” http://www.chron.com/disp/story.mpl/business/steffy/6432422.html

[3] I don’t believe this. There are many employee costs here and I don’t see a breakdown.

[4] Huge labor costs blamed for GM's filing for bankruptcy

www.chinaview.cn  2009-06-02 http://news.xinhuanet.com/english/2009-06/02/content_11472128.htm

 [5] http://en.wikipedia.org/wiki/Ralph_Nader#Automobile-safety_activism

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Little Timmy Geithner Dances the Dunciad in China. We Need Not Fear Inflation!

Little Timmy Geithner Dances the Dunciad in China. We Need Not Fear Inflation!

 

 Abstract: The Chinese are watching us as they think Treasury is printing money and monetizing the debt thus cheating the Chinese out of the value of their bond holdings. [1]Inflation fears, everywhere in the world, appear to be looming based on the wild antics of our fed and this is, historically, the usual penalty for too much money being spread around. We are spending and printing our way to financial oblivion but our Treasury secretary goes to China and gives them  a honk-job that is slicker than some of the more raunchy scenes from Cabaret.  He promises some heretofore unknown “fiscal responsibility” nostrums and a new spending “discipline” along with the possibility of some “pay-as-you-go” budget rules for future spending. He does not mention the word TAX anywhere.

 

We have been inspecting the antics of our elfin being[2] as he juggles several financial hot potatoes in the steamy atmosphere of Washington politics. But, now he spreads his cheer and such in China, the world’s most progressive economy that is based on 16th century mercantilism and exports. They apparently don’t believe him. I don’t.

 

Our little elfin being has this to say:

 

BEIJING (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.”[3]-- Geithner tells China its dollar assets are safe

On Monday June 1, 2009, By Glenn Somerville [Emphasis is mine in all quotes.]

 

Now, I am not afraid.

 

On the dollar:

 

"This is important for boosting confidence and encouraging global financial stability and economic revival," said Wang.

 

It was until you came along.

 

In his speech, Geithner renewed pledges that the Obama administration would cut its huge fiscal deficits and promised "very disciplined" future spending, possibly including reintroduction of pay-as-you-go budget rules instead of nonstop borrowing.

 

"We have the deepest and most liquid markets for risk-free assets in the world. We're committed to bring our fiscal deficits down over time to a sustainable level.

 

"We believe in a strong dollar ... and we're going to make sure that we repair and reform the financial system so that we sustain confidence," he said.”

 

I wonder if Little Timmy places the GM secured bonds in such a category. Or, perhaps the    snarled packets of worthless subprime mortgagees that our two worthless Fanny Floopie and Floppie Fredie now burden us with?

 

Now, Little Timmy dumps Europe:

 

Geithner offered U.S. backing for a higher-profile role for China in running global institutions including the IMF -- a controversial proposition since it raises the sensitive issue of reducing Europe's voting share in the global lender.

 

"The United States will fully support having China play a role in the principal cooperative arrangements that help shape the international system, a role that is commensurate with China's importance in the global economy," he said.”

 

 If I might offer a translation: Since the idiot Euro-Peons[4] have trashed their economy with imported poverty losers from third world, destroyed their currency by wild spending and wrecked their industrial base with EcoNazism, we can confidently dump these turkeys and do business with the Marxists who, currently, hold the cash. I am sure China can make better wine than the French and give us games more interesting that cricket.

 

Just look at the O’Bozo social programs and somebody tell me how he might get into a pay-as-you-go budget system with all these drooling proto-Marxists with their fingers on the financial levers.

 

Little Timmy is either: [1] Lying thru is teeth, [2] is insane, [3] is now a True Believer in whatever O’Bozo postulates or, more likely, is [4] just reading his little script on the teleprompter.

 

Pick any 3 of the 4.

 

Where do we get these cretins? How much are these losers in Washington going to cost us?

 

rycK

 

Comments to: ryckki@gmail.com

 

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