bmagnus

Stop Lying about the Economy

Judge Judy had a little saying which I’m sure wasn’t original: “Don’t pee on my leg and tell me it’s raining.” Well, by my way of thinking, The Experts who compile and release data have been peeing on our heads and telling us what a good thing golden rain is!

When Wal-Mart’s CEO says their shoppers are running out of money, things are bad. Seriously. Wal-Mart, for pity sake.

Unemployment is a serious problem. In fact, there’s one job for every 4 unemployed job seekers. That means that even if by some miracle we were able to fill every job vacancy with someone currently unemployed, we still couldn’t get unemployment down below 7%. And more people file for unemployment every week. Nevertheless, instead of doing anything that might create desperately needed jobs, Congress is hell-bent on slashing the deficit created by the Bush tax cuts. Never mind that creating jobs would be creating employees who earn an income and pay income tax.

Over a quarter of renters are paying more than half their income on housing — a number that should alarm anyone with a passing familiarity with the rental industry. This is despite the fact that “multi-generational housing” — double-speak for “I had to move in with the kids/parents” — is “hot.”

So now GDP growth has “slowed.” I still contend that if inflation were calculated fairly, we wouldn’t have had much in the way of “growth” in a decade. How can we have “growth” when so many people are jobless, underemployed, not even looking for work anymore, losing their homes, losing their savings, losing their retirement plans, not even having enough money to shop at Wal-Mart anymore? I bet it has a lot to do with companies like Exxon, Pepsi, and Microsoft having great earnings. These are large, multi-national businesses that earn money — and have workers — in many countries. Offshoring jobs is only part of the story. Remember, earnings season is just starting, so expect a lot more of these happy-Wall-Street stories.

I would be remiss if I didn’t mention the trade deficit. Granted, that’s already figured into GDP, so you can’t blame it for manipulating GDP, only causing a decline. That $45 thousand million dollars represents money that used to be in America, that is now in other nations, raising their standard of living. In one month! And do not forget that this number is as high as it is because here in America, we no longer make many things more durable than a latte.

So sure, the economy is great if you are a large corporation, or wealthy. To the rest of us, that golden rain is just someone else’s pee.

In closing: taking personal responsibility to it’s illogical extreme; better apply for that passport now; amen, CSM; on nutrition; Ezra comes >< this close to blaming the media for the Birthers; how come if ObamaCare is so bad, Republicans want to dismantle Medicare in favor of something just like it?; being poor is hazardous to your lifespan; you never know when you might spot something new; let me save you some time; more on student loans; and yeah, that will help.

Recipe Day!

Disclaimer: I haven’t actually tried to cook any of these items. But they sound and look tasty.

Let’s start off with some traditional Mexican food. Then let’s add some Tacos De Carnitas. Yum.

Summer is almost here and that means plenty of opportunity for cookouts, picnics, and potlucks. Sounds like a place for Balsamic Cole Slaw!

Ever wonder how to make your own yogurt? Wonder no more.

Save this one for Fall: Italian Hot Chocolate.

I know the last couple posts have been a bit dry. Fresh stuff over the weekend.

A few pictures for you

First off, we have an old tsunami warning.

Then, well, I, uh. Hmm this one may be NSFW. It’s certainly WTF.

And when I drove past this, I almost took my own picture. But I figured “Hey, it’s in the MLS!” Somebody is buying this delightful old house. Well, I think “house” is a strong word for it. And by “delightful” I mean that it is devoid of electric lights. But the buyer is getting over an acre on a major road with a structure that needs tearing down.

And to finish off, here’s one I call “Tie a Red Ribbon Round the Old Brass T”

A few words and one picture about student loans

Let’s start with the picture. It’s big, but it will open in a new tab/window.

Okay, got that? It’s a “financial disaster.” On average, a young person with a new bachelors degree has a midsized sedan in debt. Students whose professions require graduate school often have a modest single family house of debt. Surely you can see how this might turn even the most altruistic graduate into someone obsessed with making money.

Now then, go ahead and read about one way students can avoid a lot of the debt treadmill.

Didn’t Even Need Scooby Doo

Ladies and gentlemen, the reason that GDP looks fine while to the rest of us the economy looks like a rusted out Ford Escort with a leaky power steering pump and a transmission that slips now and then: A typical hedge fund manager, in just one hour, “earns” what it would take you or I 47 years to accumulate. And at the end of the day, he doesn’t even make anything as useful or durable as a latte. After all, he did not cause the money he “makes” to come into being, only to come into his pocket. Even better yet, if you were to close one simple tax loophole, the top 25 of them would pay an additional $4,400,000,000 in taxes.

When even the IMF notices that we’ve got an income inequality problem in this country, you know it’s really bad.

In Closing: even Republicans think it’s a bad idea to slash Medicare; yeah, that could be why they’re fat; truly sad; stereotype theatre; I notice that sunshine and fortified milk are not on this list; the long version; riffing on a theme; caffeine!; oh yeah, that‘s gonna help; truth; incompetent photoshop tricks; better than it could have been; just in case you ever wondered what they ate; soldier fitness; have a Koch and a smile.

Well Isn’t That Interesting

Gee, isn’t it peculiar that right after a very close election in Wisconsin, a voting official with a history of not exactly doing things the proper way happens to find just enough votes for one particular candidate to avoid a required recount, against pretty much every rule of computer programming and common sense?

Good thing there’s paper ballots. Somebody better pick those up before the mysterious fire. You never know when a mysterious fire can happen. You might be experiencing one right now!

In closing: the contents of Notorious B.I.G.’s pockets when he died; have a Koch and a smile; escaped leopard menaces children; blast from the past; Fox News through history; stop coddling the kids, they know better; yeah, because clearly Eric Holder has nothing important to do; it’s never been about deficit reduction (go ahead! shut the government down! but stop paying the worthless congresscreeps who got us here!); on the middle class; How to tell if your neighbor is cooking up explosives; what’s that doing in this century?; Detroit; the truth about how California reduced malpractice costs; make sure you are both on the mortgage; I doubt this seriously (did anybody bother to compare cost-with-coupon to cost of store brand?); stop tweeting ads; earthquake art; whistleblowers; and a cat with a gun.

Ignore Them

I am completely disgusted with pretty much all politicians, and even more so with politicians that try to position themselves as “I’m a [insert noun] first, not just another politician.” Those ones are dangerous because half the time they don’t understand what the heck they are dealing with. I’m talking to you, Dr. Joe Heck!

I’m tired of politicians who think we can balance the budget without increasing taxes.

I’m tired of politicians who think we can balance the budget without addressing our 2 1/2 wars.

I’m tired of politicians who think that just because I’m not 55 yet, I just need to kiss Social Security goodbye.

I’m tired of politicians who are so ignorant of history that they think there can be a “private sector” solution to Medicare.

I’m tired of politicians who use the phrase “death tax,” when only a few thousand people will ever pay it.

I’m tired of politicians who use coded words to whip the ignorant into a frenzy. (“Domestic enemy”? Why not just call him Satan or the Anti-Christ? What a shame that you really mean he’s an “uppity ******”!)

And most of all, I’m tired of the other politicians who won’t call them out on this nonsense. Don’t even get me started on the media that lets them lie on the air and call it the truth.

Go ahead. Close down the government. Do it! Do it right at “tax day” and completely screw yourselves.

In Closing: defense; a man and his boat; two takes on dessert sushi; WHY??; if you won’t stop for humane reasons, or justice reasons, how about fiscal reasons?; about time; I like Kathy; it’s all about cheap labor; gaming inflation through housing prices; if you haven’t heard about the real Tea Party yet, watch it today; resist BAMTOR; I knew this would happen! Throw the book at them!; and a picture of a random cat. If anybody knows the source, put it in comments so I can attribute it:

Shorties Highway

A few things about the Economy: Standard of Living; broke; working for nothing.

Wonder Wonder, Wonder Woman!: The History of the Universe as told by Wonder Woman.

Is it time to stop?: I don’t know.

Um, Yeah: Stock photos.

A sign of the Catpocalypse: Hello Kitty Hell tells you to buy Hello Kitty stuff by the 31st to support earthquake and tsunami relief.

A few things about Politics: Dems, Ur Doin It Wrong; Budget; Tax the Super Rich or Face a Revolution; Tom Hartmann.

Springtime in Vegas: Mojave Max says so.

Adapting: Sake.

And now for something cute: Smokey the Purring Cat. I bet that will wake you in the middle of the night!

Geraldine Ferraro, and the One Thing I Remember About Her

The very first news item I encountered this morning as I opened my computer was the death of Geraldine Ferraro. By many standards, she did enjoy a good life: former member of Congress; Vice Presidential candidate (the first female one in the United States — there wouldn’t be another for over 2 decades); TV host; she had a loving husband (that’s one!) and 3 grown children. Yet none of this is what I remember most about Ms. Ferraro.

I remember the 1984 Vice Presidential Debate.

But let’s step back.

The first Presidential Election I have any recollection of was the 1976 contest between Gerry Ford and Jimmy Carter. However, the first debate I can recall sitting through was in 1980 between Carter and Ronald Reagan. That’s the one with the famous Reagan catchphrase “There you go again.”

In those days, the debates were run by the League of Women Voters.

By 1984 we had — heaven help us all!!! — a woman candidate for Vice President. How could this be? Can she possibly be qualified?? Quick! Somebody set up a debate between Geraldine Ferraro and the Republican candidate, George H.W. Bush (later known as “President Bush” or “Bush 41”). It wasn’t the first Vice Presidential debate, but it is the first one Generation X is likely to remember.

The woman, who normally wore sharp little suits like this, showed up in a rather unflattering grey sweater. Even to a child it seemed like a thinly disguised attempt by some patriarchal campaign handlers to make her seem “friendly,” “feminine,” and god help her “momlike.” She stood there, next to a former CIA director, former Ambassador, former RNC Chairman in his blue wool suit with the red silk tie, and looked like she was ready to take the class on a field trip. I can’t recall a word of what was said. From where I sat, this moment lost the election for Mr. Mondale.

But onward to 1988, when Dan Quayle was the Vice Presidential candidate. The poor man is right that he took a lot of heat for statements that wouldn’t have gotten a second glance had they come out of the mouth of his running mate’s son. Again, a debate, but now under the auspices of the Commission on Presidential Debates — a wholly owned subsidiary of the two major political parties.

I’ll skip such fine moments as “Gridlock!” and “Oh no say it ain’t so Joe!” and move on. In 1992 they were honest enough to include a third candidate in the debates, the popular if mercurial Ross Perot and his running mate. This would be the last time the CPD would include any “undesirables.”

The Republican field is already starting to populate with Presidential candidates and wanna-be candidates. Before the year is out, we will be subjected to various debates between them where the only thing they actually agree on is that President Obama stinks, is too liberal, might be a socialist, might be a communist, might be a Muslim, might be the anti-Christ, might be Kenyan. In short, they will call him everything except a nice Blank man. By this time next year, the running will be between a short list of 2-5 players. By 18 months from now, we will have had a couple of Presidential Debates and maybe a Vice Presidential one or two.

What will be missing from this picture is all the third party candidates. And this brings me to a proposal.

Let’s have a big, televised debate next spring or summer with all the “other” candidates. And I do mean all of them! Everybody who can get his or her name on the ballot is welcome to come on (at their own expense), answer questions, and talk about their views.

I predict that two things will happen. Most of the candidates will come across as having serious holes in their platforms — if not being completely loony. Some of the candidates will actually have a good idea or two, and perhaps some of these ideas will either create a credible third party or get co-opted by one of the mainstream parties. Either way, this is a win for both the candidate and the country.

In closing: a job fit for a dog; more like this please; insanity; interesting but not happening; way down; when did Jim Bakker start talking sense?; a lousy graph; the good old days?; dangerous; sakura; and even Time thinks it’s odd.

Slight Overreaction

I’m having trouble figuring out where to begin on this one.

So Steven Seagal is now filming his little cop-show in Arizona, with Everyone’s Least Favorite Sheriff, Joe Arpaio. Mr. Seagal just happened to be along on a little raid of a suspected cock-fighting operation. Rather than do something rational like knock on the door yelling “THIS IS THE POLICE AND WE HAVE A WARRANT!”, somebody decided that the most prudent way to conduct this operation was to have “armored vehicles, including a tank” come through the neighborhood and knock one wall of the suspect’s home down. Neighbors panicked and called 911. It turns out that the suspect was alone and unarmed in the home. In the end, “Thousands of dollars in damages were made to the property and 115 birds were euthanized on the spot.”

Now, I’m going to ignore the nagging suspicion that maybe the chickens were in fact run over by the tank.

I’m even going to ignore the fact that the suspect in this case is still a suspect — innocent until proven guilty and all — who has just had his home made uninhabitable and un-securable. Nor will he be able to make arrangements for repairs to make his home secure until he can post bail or be found innocent. In other words, he’d better plan on never seeing any of his possessions again.

I’ll even ignore the undue fear created by police officers in the community, the role of the TV cameras, and all the controversy that curls around Sheriff Arpaio like Rapunzel’s hair.

Here’s my question: in a day and age of budget cuts everywhere, how and why does any civilian law enforcement agency own and maintain a TANK?

Seriously, with cash-strapped state and local governments everywhere you look, don’t you think that just maybe the tanks and other armored vehicles should be the first thing to go? Is it really that important to be able to knock down the occasional wall? And if so, wouldn’t it be more cost effective to rent an tank team from the local National Guard unit for the afternoon?

Not even Radley Balko knew what to say about this one. What a shame he’s moving to HuffPo.

In closing: HowTo; Sahara; Democrats don’t do P90X?; zombie nuclear dump; flipflop; Thorium; who could have thought that “metabolic abnormalities in obese teens may relate to poor diets”??; Busted has a point; shirt; uncertainty; and that’s it for the day.