Shocked and Persuaded

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Separating Fact From Fiction

1 Year On the Tango Is As Volatile As Ever

We are officially celebrated an infamous anniversary. In case you stepped out from beneath a large boulder or were trapped in a cave recently you will recall that it was on this day last year that the BP Macondo exploded polluting countless miles of Gulf shoreline, the entirety of the deep and surfical waters, killing countless saltwater organisms from charismatic megafauna to the smallest of critters. However, what is the governor of Louisiana and neighboring Gulf states pushing for? You guessed it more frequent and intense drilling in the same unforgiving waters.

Anyway that is to be expected but what isn’t being discussed is the growing volatility of global oil markets. I am going to go about explaining the decoupling of global and US oil prices using a couple of graphs as is my traditional angle of choice. Read the rest of this entry »

2.8% and 170,000

These are the two numbers Wisconsin man-child Republican Congressman Paul Ryan is touting for his “A Roadmap for America’s Future: Version 2.0”. The first has to do with what he and the Heritage Foundation project will be the rate of US unemployment and the latter is what his manifesto says will be average US economic growth per capita by 2083 or put more magically a nearly four-fold increase over current US GDP per capita (See Page 30).

These are nonsense numbers and the kinds of voodoo economics that convinces “middle America” that Republicans like Ryan are on their side when as point of fact he and his fellow Wisconsin governor Scott Walker have no problem putting out this kind of BS with one hand while simultaneously taking in the largess of the Koch Brothers with their other hand. Read the rest of this entry »

“Cut it or Shut it”

I totally agree Tea Party I totally agree! Government shutdown now!

HOWEVER that means we shut down the TSA, the military, coast guard, national guard, social security, medicaid, medicare, homeland security, agricultural subsidies, pork spending, etc.

SO if your all for that than indeed lets SHUT ER DOWN!!

HOWEVER don’t start carving stuff out and proclaiming your disgust with government!

HOW ABOUT We pullback the security state being built by the CIA, FBI, Homeland Security, and private security firms along with the Military Industrial Complex? That would save a boat load of money! How about we step back from being The World’s RoboCop? NO? Why?

Well I am all for scaling back the depth and breadth of government spending in the areas of bloat and hubris, but to say “Cut it or shut it” remember what that comes with? NO MORE SPINACH………BUT NO MORE CAKE AS WELL!

Note From a Friend

Someone I know pretty well and admire quite a bit sent me the following string of emails regarding Obama’s “John Wayne” moment in Libya. I don’t agree with everything he wrote me but thought much of it was spot on and it came from someone I would call of the Libertarian persuasion. ENJOY!

EMAIL FROM A FRIEND:

One:

Hate to say it dude… but I’m done with Obama after this Libyan Adventure. What a cluster_ _ _ _ of a situation… and Constitutionally dubious to boot.

I freely admit that most Republicans are nuts too. Most of the “leading” 2012 candidate-types would have had us in there (boots on the ground) 3 weeks ago. Utter insanity. Of course- they’re now leading the chorus of criticism- which is beyond nauseating. Anyway- whether democractic or repulican- this country appears to be irretrievably at the mercy of a…”pro-intervention” council of foreign relations type cabal that is hell-bent on bankrupting us in a vain quest to remold the Middle East (recently substituting “international norms” and “human rights” for “WMD’s”). Meanwhile Congress is nothing more than the pathetic dude who walks in on his wife getting banged by Joe the Plumber. The Founding Fathers are turning in their graves. Book it.

Anyway, unless Ron or Rand Paul somehow miraculously secures the GOP nomination… I guess I’m voting Libertarian here on out.

Peace.

Two:

Whatever the case- should be some interesting times on your blog. I didn’t put in my last my e-mail but to me Obama’s speech could best be described as “The Fog of War”. I don’t care if we run Gadaffi out of there in 2 days and Arabs are waiving the American flag (an unlikely result of course). The Middle East is the type of place where things are measured in 50 and 100 year increments. I’m sure we felt cool as hell when we shot up Iran and put the Shah in or ran the Soviets out of Afghanistan or handed victory to the “Northern Alliance” or took down Saddam… or…. How did any of those work out for us? Meanwhile- I certainly wish Gadaffi treated his people better- but the UN should raise its own army of folks (God bless them) who individually feel willing to lay their lives down for “international norms” and “stability” and NOT usurp war-making authority from the US Congress- or any other proposed “combatant’s” governmental body in charge of declaring war. That’s always been my problem with the Security Council set-up- and why I frankly think it’s imperative for American liberty for the US to either withdraw from the UN completely- or alternatively- withdraw from the Security Council at least.

Three:

I know Rand’s a whipping boy for the Left… but all I can say to this is A-FREAKING-MEN!!!

Why is it so hard to have a President who actually gets and understands this stuff!!??! I certainly would have thought a Costitutional Law Professor from the University of Chicago with a law degree from Harvard would have been capable of it. Guess not!

http://www.youtube.com/watch?v=XWOWv2Dr-nk

Four:

Well I am confident they represent the empirical and pragmatic sentiment (if I may be so bold). I’m less confident that they represent the “Republican” sentiment though. Perhaps. As I’ve told you for awhile now- the party is in the midst of a Civil War of sorts pitting the true traditional, “Goldwater”, non-interventionist, Libertarian, conservative (correct usage) wing of the party (I’d estimate it at about 20%) against the ultra-nationalist, imperial, guns and butter, neo-conservative, manifest destiny, Theodore Roosevelt wing (give these guys 50%). I’m not at all certain how that will play out as our wing is clearly more in-step with the main street common sense views of the country (while there’s was thoroughly discredited under Bush II) on the one hand- but they have FAR MORE resources, influence and political savy to bring-to-bear on the other. I think what you’ll see is unapologetic neo-conservative  Republicans like Mitt Romney, Haley Barbour, Mitch Daniels, Newt Gingrich (and his shrill Dick Morris), etc. posing as re-formed “limited government Constituionalists” for a period of time in order to draw in those more pliable elements of the Tea Party and the social conservatives (these two make up the balance) to their banner- only to ultimately give us Bush III (if elected). If I had to wager- right now- I suspect they will succeed. Sadly.

Courageous Stance from My Home State’s Capital

The city of Hartford, CT once simply known as the insurance capital of the world has spoken loudly and pointedly in response to Obama’s urge to get his name in the ledger on the side of “War Engaged” rather than where his Nobel Peace Prize implies he should be siding. Hartford is a city that exemplifies the growing canyon between the haves and the have nots here in the US. It’s city council stood up and passed the following resolution and I for one am so proud of this city for being a pioneer in standing up to Democrat and Republican arrogance with respect to the fueling of the Military Industrial Complex.

From Christopher Hutchins of Hartford Bring Our War Dollars Home:

This is the Resolution that just passed through the city council of Hartford!

RESOLUTION

A resolution of the city council of Hartford, CT calling upon the US
government and President Obama to Bring Our War Dollars Home Now

Whereas, the economic collapse has exhausted the financial resources at the
local, county, state and federal levels of the US; and

Whereas, the US government since
2001 has spent well over 1 trillion dollars nationally on the wars and
occupations in Iraq and Afghanistan. In Connecticut nearly 28 billion
dollars has gone to war spending and more than $453 million has been
taken from the city of Hartford to fund the wars and occupations, and

Whereas, more than 5,700 US troops have been killed, more than 40,000 wounded; and

Whereas, hundred’s of thousands of civilians have been killed or wounded and the
ongoing warfare poses great and unnecessary harm to the nation of Iraq,
Afghanistan, and Pakistan and elsewhere in the world; and

Whereas, billions of tax payer’s money is spent to prop up repressive regimes in the Middle East and elsewhere around the world; and

Whereas,
educational services, medical care, housing, other essential public
services, infrastructure repair, and family financing throughout
Connecticut, especially in cities such as Hartford, have been diverted
from a constructive economy to these wars and occupations, and

Whereas,
budget deficits, largely due to war spending, have been used as a
pretext to force concessions from public sector unions from California
to Wisconsin to Connecticut; and

Whereas, 2010 census data shows that Hartford has the highest poverty rating in Connecticut at 31.9% (nationally, the poverty rating is 14.3%) and

Whereas,
communities of color in Hartford have been hardest hit. Our city has a
population that is 41% Latino and 38% African American/West Indian population. Unemployment for people of color is over 40%, and unemployment for people of color is nearly 20% and when employed, people of color make only 60 cents for every dollar made by white workers; and

Whereas, the above mentioned communities are heavily targeted for military recruitment,

Be it resolved that the city council of Hartford call upon the US
government and President Obama to end the wars and occupations in Iraq
and Afghanistan and bring our war dollars home now.

Now be it further resolved, that the city council of Hartford support
informational events regarding the cost of the wars and occupations to
our community; and

Be it further resolved that the city council of Hartford support the right
of public sector unions and all other unions to collectively bargain
and defend the interests of their members; and

Be it further resolved, that the city council of Hartford urge residents
to participate in the April 9, 2011 national march in New York City to
end the wars and occupations and bring our war dollars home.

Interesting Shareholder Vote

So I have a couple of shares of GE and now that I know about their unwillingness to pay taxes and actually receive corporate welfare to the tune of $3.2 billion I am worried about the justification for this investment. Conveniently or coincidentally GE turned around in the last couple of days and announced “on Tuesday that it planned to spend $3.2 billion for a 90 percent stake in Converteam, a company based in Massy, France, that specializes in high-efficiency electric power conversion components like motors, generators, drives and automation controls.”

This comes around the same time as President Obama named the CEO of GE Jeffrey Immelt chairman of the President’s Council on Jobs and Competitiveness. Surely an ominous sign for both the word jobs and the word competitiveness when the man in charge of fueling a fire under both doesn’t believe in either when it comes to his own firm’s presence in the US.

Anyway in receiving my voting option I think I found another way that GE manages to skim that little bit of cream off the top of each investment/product margin. Below are questions C4 and C5 of GE’s most recent proxy ballot (Note: The Bold is what the board recommended and the standard is what I voted):

C4 SHAREOWNER PROPOSAL: CLIMATE CHANGE RISK DISCLOSURE
Against
For
C5 SHAREOWNER PROPOSAL: TRANSPARENCY IN ANIMAL RESEARCH
Against
For

Deja Vu All Over Again In the Land of 1.2 Billion

Replace India with the US, America, or Supreme Nation…WHATEVER title you prefer for our “homeland” AND replace parliament with congress. Tell me if this opinion piece doesn’t ring directly true with our current state of affairs? OH YEAH and replace corruption with campaign finance adultery. Democracies always move towards this unavoidable and wealth/power aggregating endpoint with only the good people that creating the fabric able to overcome such endpoints.

http://www.project-syndicate.org/commentary/singh12/English

Thanks Bob Herbert!

The New York Times is losing one of its gems on the op-ed page in Bob Herbert who announced at the end of his most recent salvo against the evils of capitalism that he would be leaving The Times after 18 years.

This is a man who attacked with empiricism equally whether it be Dick, Rummy, and W or The Obama Three Musketeers of Summers, Geithner, and Emanuel. Read the rest of this entry »

Barack I am Your Father

President Obama has completely embraced his capitulation side at this point as is demonstrated by Paul Krugman’s recent salvo in the direction of the White House. AND my comment regarding PK’s pointed piece (See Below). Read the rest of this entry »

Back Off Westboro Baptist Church

Last year we had a group of visitors here in Burlington from Topeka, Kansas affiliated with Fred Phelps‘ Westboro Baptist Church. For those not familiar this group you may be familiar with some of their pleasant slogans such as “God Hates Fags”, “Thank God For Dead Soldiers”, “Thank God for 9/11”, “Thank God for IEDs”, “Fags are Beasts, “God Hates Jews”, “Fags Doom Nations”, etc, etc. The list is long and oh so thoughtful. When this group came to Burlington they brought with them their signs and their children to protest Vermont being “most ‘gay’ friendly spot in DOOMED america.” This was not the first time they visited little ol’ Vermont they came a couple of years earlier to spew nonsense during the funeral of a Richmond man killed in Iraq by one of those IEDs they like to scream about so much.

During their most recent visit the anti-Westboro contingent was large, persistent, and peaceful following them from Montpelier to Burlington and all around town just letting them know we didn’t agree with their tactics or the hateful rhetoric that came forth from their mouths and those of their children. BUT I don’t know one person involved in the Burlington section of the anti-Westboro crew that thought they didn’t have the right to say what they wanted wherever they wanted. As common defense of Howard Stern goes: If you don’t like him change the station?

Read the rest of this entry »