Daily Archives: June 13, 2011


There’s a new sheriff in town

I just got an email from the Vice President with the title, “There’s a new sheriff in town”.  It starts off with:

Did you know that the government spends millions to maintain buildings that have sat vacant for years? Or that your tax dollars pay to needlessly ship copies of the Federal Register to thousands of government offices across the country even though the same information is available online?

Vilifying government is what Republicans do.  Do we really need the Obama administration to pile on?  And what is Biden proposing to do about these empty buildings, put them on the real estate market during a real estate bust?  That ought to bring real estate prices back up, note heavy sarcasm.

Here is the response I emailed back to the Vice President:

I didn’t vote for your team to out Republican the Republicans.

While cutting waste is very laudable, there are far bigger and more important issues that your team is ignoring.

The Republicans are proposing to solve the lack of product demand in the economy and the $2 trillion of corporate wealth that is sitting idle waiting for this demand to appear, by cutting taxes, regulation and spending. Cutting spending when corporations are sitting back, waiting to see more spending is so ridiculous the Republicans ought to be laughed off the stage of serious policy proposers.

This idea is so obviously counter-productive that your team should be shouting this from the rooftops. The mainstream media certainly doesn’t show enough knowledge of economics to do the job for you.

If your team won’t stand up for reason in economic policy, then I can see the inevitable consequences. The debate will be settled before you even raise your voices. All that will be left to argue is how much of the wrong policy to have.

I never expected that you would be able to push through all the correct legislation through Congress. I did expect your team to know what that policy is, to stand up for it, and to make sure these ideas were vigorously stated in the country’s marketplace of ideas.

Your team has been a close to utter failure in this regard.

Instead your team has come up with the silly phrase, “Winning the future.”

If you expect campaign donations from me, you are going to have to sharpen your game considerably starting this instant.

And let’s not start any more wars for oil such as the one you just started in Libya. Your so called humanitarian justification for trying to grab Libyan oil for US oil companies is so transparent, to be laughable. The dignity of the office is not upheld with laughable arguments.


Elliot Spitzer SCHOOLS Ann Coulter on what “Reality is”


In the accompanying post Spitzer Schools Coulter: “Your story would be nice if it were true, but it’s not.”

Elliot Spitzer: “Your story would be nice if it were true, but it’s not. The reality is, if you look at the economics, and you look at what the impact is of both credit to marginal rates, government spending, the incentives you create for job creation, Keynes has been right at every turn. In terms of understanding, if you actually sat down with or either were a business person making capital allocation decisions, hiring, you’d understand the way you look at is your return. Right now there is a demand crisis of enormous volume. That’s why we need to create demand in this economy so we can generate things that we can buy.”

There is commentary on this video on LOL! Elliot Spitzer SCHOOLS Ann Coulter on what “Reality is”.


Commentary: Boeing Gets Corporate Welfare In S.C.

The Commentary: Boeing gets corporate welfare in S.C. by Issac Bailey in The Myrtle Beach Sun, adds a little perspective on the NLRB dispute with Boeing,

But there is an overlooked aspect of the dispute. According to an analysis by The (Charleston) Post & Courier, Boeing is being given a package of incentives worth more than $900 million – at least $150 million more than Boeing has said it would spend to build the plant – this while education and other important programs are being cut, undermining the state’s ability to compete over the long haul.

That essentially means South Carolina taxpayers are building the plant and giving Boeing maybe a couple hundred million dollars on top of it. Question for all those who claim to love the free market: If Boeing is such a great deal, why aren’t market forces enough to help the company make a profit without the public’s help? And if it isn’t such a great deal why should the public be on the hook if the rosy predictions about annual economic impact are never realized?

They also claimed that right-to-work states – states that actively crush union formation – are “outperforming forced-unionism states.”

This is what they didn’t mention: South Carolina, one of the country’s strongest right-to-work states, has among the nation’s lowest wages and highest unemployment rates, worst rates of health insurance and millions of workers who are afraid every day of losing their jobs if they decide to use their free speech rights in ways the boss might not like, with little recourse.