Saturday, January 31, 2009
The Economic Stimulus Blog
Friday, January 30, 2009
Partisanship
Econ 101 lesson 5: Inflation
First, a review. Supply and demand: The more of something that exists in an economy the less value it has. Value: Remember, Value is not only measured in dollars. We best determine the value of fuzzy dice by looking at the tradibility of them with several other goods. If fuzzy dice trade for 5 dollars or a car, then 5 dollars is not a fair measure of the value of said dice. so it can be said that the value of one dollar is about one McDonalds double cheeseburger, or not much at all. For a better understanding of how inflation works please watch the following animation.
See, when the Fed prints more and more money prices go up and the value of your savings drops. This takes up away from a savings based economy. (see earlier blog entry) All prices go us as a result of inflation. This stabilizes quickly enough domestically if wages increase to meet the new prices (this NEVER happens quickly), but we get most of our important goods from other places. When we inflate our currency it takes more dollars to buy other currency. Therefore, prices on foreign goods go up fast, first, and forever. These prices do not stabilize as easily as domestic ones. Thinks like oil spike in price and do not fall again easily. Fora an example of this look at the past and future stimulus packages. Gas spiked immediately after and will again.
To see how this phenomenon is happening in our nations economy today, please watch this clip from Glen Beck. My respect for seems to keep growing. I hope Fox News doesn't ruin him.
For your homework, keep studying America's unique economy and PAY ATTENTION TO REALITY!! Class dismissed!
Tuesday, January 27, 2009
I'm Sorry
Monday, January 26, 2009
The Children
Thursday, January 22, 2009
Eight Guys, a Girl, and a Legal Place
Judaism in Star Trek?
You heard me right, listen to Leonard Nimoy tell you how.
Honest Politician: Not An Oxymoron
It isn’t often we find a politician who is both honest and quick in the execution of their plans, but already just a mere three days into his presidency, Barrack Obama has already made two executive orders related to major pillars of his campaign.
In these economic times, Obama believed that the lack of government oversight over the banking industry is one major reason why it is in such a financial crisis. He was also quick to condemn lobbyists working in their own self interest, and said time and time again that he wouldn’t stand for this kind of government corruption.
His first big step in fulfilling his promises came yesterday as he announced that he would freeze his senior staff's pay:
"During this period of economic emergency, families are tightening their belts and so should
Obama also said that he had set an order that people who previously had worked as lobbyists could not work on the matters they had previously lobbied for.
This sends a significant message to me that Obama really meant much of what he said about government oversight, that he believes that people in both private and public sector have had too long a leash and took advantage of it to cut corners ethically. We’ll have to see how he now handles the private sector.
In addition to the aforementioned change, Obama made executive orders relating to CIA prisons and the treatment of “Enemy Combatants” – most notably the eventual shutdown of all CIA secret prisons, including
Both of these orders are in complete contradiction with the previous administration’s policies who believed that in both private and public sector that government oversight was a hindrance and that in this dangerous times that liberties had to be sacrificed to ensure security.
Wednesday, January 21, 2009
A New Political Actor
With that historic speech, Barack Obama became the 44th President-elect of the United States of America. Since that Tuesday we as a nation have seen economic collapse, automotive bailout, and foreign combat. We thought during the summer that getting out of Iraq and fixing education were the most urgent and important issues for the next president and we were wrong. Obama was elected largely because he seemed to be the antidote to the political system. He was the Anti-Bush. He said exactly what everyone wanted to hear and he seemed to actually mean it. Now things have changed. Across the board situations have gotten worse. CEOs can't even afford private jets anymore. The lofty language of Obama's campaign has shifted as well. He is no longer talking to get elected; he is talking to lead. As someone who has been on the campaign trail and said some things that were a little on the rosy side, I understand what it's like to try and get elected. You're not lying to the voters, but you don't want to be completely realistic. People like to be sweettalked. You're a little more optimistic about time-tables and all those little variables like the credit-bubble bursting don't enter into your equation.
Wow. When a program works we'll move forward. How do we know when it works? We'll know that programs work when people stop questioning the basic principles upon which this country was founded. We can't become isolationist, Herbert Hoover tried and the Depression became not only worse but also global. We can't become socialist because our system won't support it. We must instead do what made this nation great: make money. We started as a colony and started making so much money that when the motherland needed money they had to tax ours. We split off so that we could make more money. The best medicine, science, technology, and other vasts ports of ingenuity come from our deep desire to make lots of money.
Out With the Old
George Bush came into office amid much controversy but with no less confidence than he showed at any other time during his presidency. His lofty inaugural speech contained many of the same words as other great leaders, unfortunately his rhetoric was simple politics. Bush has said that time will tell if he was correct in his boldness and single-mindedness. In fact, some former leaders of the Republican party have attempted to begin praising his works while opinion polls show that a meager 28% of Americans approve of him. In the beginning of 2001, Democrats were fearful of what George Bush would do to business as usual in Washington. Then something happened that no one could predict or prevent.
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New Author
Monday, January 19, 2009
For the Sake of the Day
Thursday, January 15, 2009
Quota Maintained
Wednesday, January 14, 2009
Congress on the Nets
Yipe! Skype!
No More Cover Sheets
Great scene from a classic movie. The linked article discusses a small business that started going paperless. More companies need to be doing this. I do everything paperlessly now. I don't print pictures, I have them on Google Pictures. I don't buy a newspaper, I read 125 a day with Google Reader. I don't have a wall calendar, I stay organized with Google Calendar. I recognize that I am a person and not a business. Having worked in a law firm before I got to witness firsthand the process of digitization. We had to make a hard copy of something, scan it into the computer, and mail it. When we got the return item, we had to scan it and file it. We had hard and digital copies of everything. What a waste. The purpose of digital information is to replace hard copy information.
Booze is Good for Economy?
Tuesday, January 13, 2009
Through Free Market Eyes
Bravo Hyundai, bravo Verizon, bravo Pikeville college, and bravo free market.
It's For Your Own Good!
Is it Ever Wrong to Do Right?
Global Warming
Freedom Under Fire
Nanny Jersey Allowing break ins
This kind of over protection of citizens from their own decisions is preposterous. Why should honest innocent citizens be put at risk and their property be at risk for the sake of some criminal who tries to climb over razor wire to steal from someone trying to feed their family honestly. We have to stop this kind of coddling of those who are the dark side of our society. With stupid laws like this one and the over control of guns in this country, before long it will be considered a right to take something from your neighbor. Hmmm, the fall of property rights, sounds like communism to me. Or at the least all the criminals we are protecting will kill off all the honest good poeple. This kind of government will be the downfall of America. I am going to go watch "Idiocracy" again. I am starting to think it deserves a second chance.
Monday, January 12, 2009
Hooray Beer!
Sunday, January 11, 2009
The American Dream
Here at our sea-washed, sunset gates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lightning, and her name
Mother of Exiles. From her beacon-hand
Glows world-wide welcome; her mild eyes command
The air-bridged harbor that twin cities frame.
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!"
The Gaza issues in 2 mins
Don't Be Stupid!
Saturday, January 10, 2009
Defrosting the Kremlin
Indian Reservations
Friday, January 9, 2009
The Pot Called the Kettle What?
Wednesday, January 7, 2009
It's the Economy, Stupid
A hard transition
War is Good for the Economy
I'm fairly confident that when a country's economy goes down the drain they pull out of all active military conflicts. That's what the British and French would do. They fought a near-constant war for centuries, taking breaks only when they couldn't afford to pay their armies. Maybe if we stopped shipping 200,000 of our workforce overseas and allowed them to stay home to buy cars we wouldn't have to bail out Detroit. Also, we would need more support workers for the extra workers. Tertiary in nature, if we let the Iraqis fight it out amongst themselves, then they will want to buy guns and ammo and food and vehicles from us, which is good for the economy.