Entries Tagged as 'Economy'

LA Auto Show

The auto show might be a no show…

With the big three US auto makers in dire financial shape, and most Americans finding themselves worrying more about how to put food on the table than considering a new vehicle… but the show must go on!

Some high lights:

  • The Mini Cooper Electric, the Mini E
  • The new Honda Insight [Concept] – redesigned to be more like the Toyota Prius, alledgedly with better fuel economy, and less expensive.
  • The new Ford Fusion and Mercury Milan hybrid sedans ($1000 more than the Toyota Camry hybrid)
  • The all-new Nissan Cube (similar to, but smaller than the Scion xB)

Several auto makers with drew plans to launch vehicles at the auto show.

Originally posted 2008-11-20 18:00:12.

Stuck in the toilet…

If the economy stays stuck in the toilet, I have a shot at beating Obama...
by Mike Luckovich

Originally posted 2011-07-06 02:00:52.

Boehner makes sense

House Minority Leader John Boehner (Republican) stated that he would support President Barack Obama’s proposal to renew the expiring Bush tax cuts only for those making less than $250,000 if it were his only option.

The Republicans in both the House and Senate were quick to add fuel to the fire and turn up the volume on the rhetoric about fiscal responsibility, watching out for the little guy, etc, etc, etc — and saying that they believe the tax cuts should be extended for all Americans.

Do people making over $250,000 really need a tax cut?

Seems to me that they’re doing OK; much better than the average American is fairing in this economic crisis (I won’t call it a recession because it certainly seems much more like a depression — so we’ll leave it a crisis).

The bottom line is we have to pay our bills — and as the Republicans are complaining about the government has been spending out of control… but what they don’t remind you is that George W Bush is responsible for the out of control spending; Barrack Obama and his administration haven’t spent anywhere near as much as George W Bush — and a large amount of what is being spent now is being spent on a war that George W Bush threw this country into (and lied to get the support for it).

I’m well aware that it’s a tenant of Socialism that we take more from those who can afford it, and give it to those who need it…

From each according to his ability, to each according to his need
· Karl Marx, 1875 Critique of the Gotha Program

But in point of fact the American income tax structure has always been based on a progressive tax (those who earn more, pay more); except what happens now is that those who earn enough can avoid taxes by taking advantage of the loop holes the complex laws afford them.

We really need to rework the tax system so that it’s more equitable across the board; and those who benefit greatly from society pay their fair share of the costs of supporting society… but until then, I think getting $700B from those who earn more than a quarter million dollars per year is a necessary step to putting this country back on the road to stability.

Originally posted 2010-09-15 02:00:52.

Mr President, now is the time to be a president.

There is a good article on CNN.com by Donna Brazile on what President Obama could (and should) do to get the economy back on track.

I think she’s got the right idea, but I think she really stops short of just outright saying that the problem isn’t necessarily Obama’s failed programs, it’s his failed leadership.

Now is not the time to sit on the fence Mr President; you’ve tried to build a consensus with congress (you failed to do that when your party had control of both houses, and you’ve continued to fail to do that now that your party doesn’t)… it’s time for you to lead — or to step aside and let someone else do so.

The problems this country has are solvable; but every day we wait to start moving down a path that is likely to put us on the road to get American’s working and to pay down the enormous debt that Republicans and Democrats alike have saddle the current (and future) generation(s) with we simply make the problem harder — and at some point there will not be a solution, the US will simply drift into the fray of third world countries never likely to regain it’s position as a real world leader again.

So, Mr President — be the president; make the hard choices; and move this country forward… it’s not the time to be a politician or a two term hopeful, it’s time to be a president.

 


4 ways Obama can take control to get America back on track by Donna Brazile on CNN.com

Originally posted 2011-08-17 02:00:42.

Boeing

I’ve seen a number of initiatives from Boeing that are targeted at trying to get a US DOD contract for supplying tankers to the US Air Force.

I don’t think there’s anything wrong with Boeing as a potential supplier for tankers (though I would like everyone to review why we need to build tankers period); but Boeing seems to be forgetting that with government contracts, it’s the lowest bidder who wins.

Boeing talks about American jobs, know-how, unfair competition from Air Bus (well, Boeing probably thinks any competition is unfair)… but they don’t highlight the fact that they simply aren’t competitive.

Welfare capitalism to large is just another form of socialism — and part of the “trickle down” philosophy (the question is how much get’s skimmed of with huge executive bonuses and how much really does trickle down).

We need to think global; and keep moving forward to creating a global economy and global society rather than trying to make sure the grass in our own yard stays the greenest (of course we can talk about this on a state-by-state basis just as easily as a nation-by-nation basis).

I say, the the low bidder win; and let’s make sure that the defense budget is treated with the same scrutiny and cuts that other budgets are — waste is waste, and “saving” our troops (who were put in danger by a lie by George W) just isn’t a reasonable excuse to keep spending on destruction.

Originally posted 2010-04-29 02:00:45.

The Dawn…

And now the dawn of a new day and with it a new year…

Once our collective head ache clears I’m sure the future will seam sunny and bright; even though today is overcast and bleak.

Originally posted 2010-01-01 01:00:22.

The Eve…

It is the eve of a new year.

It would be interesting to know who future historians will characterize the first decade of this millennium; and what they will have to say about the causes of our plights.

Today; however, we don’t have the advantage of hind sight on today — nor can we really have good perspective on the recent events that have gotten us to where we are.

Each generation looks to it’s time as a decay of what was, and longs for the “good ol’ days”… and for us it’s hard to imagine that these will be the “good ol’ days” of another generation — and much as we lament about today with dwell on fond remembrances of our past so will our children’s children.

Well, that is if the light at the end of the tunnel isn’t an on coming train.

Originally posted 2009-12-31 01:00:25.

Humankind and Socialism

I’ve often said that the one fundamental human traits that Karl Marx always failed to consider when he talked about socialism was the intense greed that drives most humans.

Greed, the failing of socialism, is largely the driving force that makes capitalism work.

The United States doesn’t have a totally free market economy; the government regulates many aspects of businesses — perhaps it shouldn’t or perhaps it should regulate more — there’s always a good argument on both sides.

Maybe it’s time that the United States government regulated businesses by exactly the same set of laws that it regulates individuals by.

Giving corporations the exact same rights and privileges, and subjecting them to the exact same legal and tax structure.

Powerful corporations have too long tried to manipulate society and government to satisfy their greed, and such manipulation in the long run puts an undo burden on society.

I see few alternatives for our society to grow and flourish.

Since humans will likely never be able to build a Utopian society, socialism (or any system like it) is not an option… since the powerful (and rich) will it seem always try and manipulate society to satisfy their own selfish greed we cannot depend on them “to do what’s right”.

How then do we build a society that will last and continue to grow?

Level the playing field — through insuring that one tenant of socialism lives on: from each according to their ability (where in this case, ability is wealth).

Long ago when I was much more idealistic I felt that the progressive tax system the United States uses was wrong…

Now I believe that a progressive tax system, with no deductions, treating all individuals and all corporations equally might be the absolute best solution.

Corporations will scream that their profits will suffer — but in the end greedy corporations will pass along those costs to individuals… the ones that will suffer will be the very rich… they will start paying their fair share (those who profit from society should bear a much larger portion of the costs of propagating it).

I’d prefer a better solution, but until humankind changes, we have to deal with realistic solutions to real problems.

Originally posted 2010-06-13 02:00:09.

All the news fit to print…

Hmm… maybe that should be all the bs that can be gotten away with!

When you read news articles or when people relay to you “facts” be sure and do your homework; read accounts of the same events on multiple un-related sources.  In fact it’s often good to get a perspective from an international source.

Take a look at any of the facts, figures, and claims — try and verify those against an authoritative source.

If the information reported is important to you; check to see if any of the “facts” it’s based on, or claims it makes are updated over time.

Most journalists report the news impartially from their perspective; but it is from their perspective.  Many journalists and news organization like to sensationalize the news or majorly spin it to suit their agenda.

Question everything.

Originally posted 2009-02-12 01:00:46.

Economic Recovery

The Fed is telling us that we’re on the road to recovery… that economic activity improved across all 12 regions tracked, and have reminded us that the last time all regions were in a growth mode was prior to December 2007.  Remember, though, the Fed told us all several months ago that economic activity improved in all regions except for St Louis (which was marginal).

The Fed chairman was upbeat in a report to congress that the economy is likely to expand, though slowly – and we needed to be weary of the European debt crisis (and slipped in warnings about high unemployment and a fragile housing market here at home).

But we’re also told by the Labor Department that job openings in April rose to the highest level in 16 month to 3.1 million (from 2.8 million in March).  Remember, these are openings advertised, not necessarily openings filled… and even with those statistics there are 5 unemployed people for each job opening.

I think it’s great to paint a positive picture — but I also think it’s important to keep people well grounded in the reality that the economic down turn is far from over; and while the Fed might like to encourage increased spending to speed a recovery — that’s more of a chicken-and-egg problem than they’re willing to admit… after all nearly 20% of this country is unemployed (though the government clever fuzzy math makes that number out to be much lower), and most of those people aren’t independently wealthy!

Originally posted 2010-06-23 02:00:48.