Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Great Depression’

Government Spending

Posted by Warm Southern Breeze on Saturday, September 14, 2013

More than a few folks recall the significant benefit the Civilian Conservation Corps (CCC) provided this nation, and how our nation’s infrastructure (roads, waterways, electrical power grid, etc.) grew during that time. In Monte Sano State Park, in Huntsville, Alabama, there are cabins which are STILL standing, and which are in EXCELLENT repair, that were constructed by the CCC. It is testament to their quality, and to the effort to put people to work in this nation in the aftermath of the Great Depression.

Sadly, this largely Republican-led, “just-say-no” congress has done NOTHING to produce or encourage any type of jobs. That is to say, they have written NO BILLS to promote, encourage or stimulate hiring. NONE.

And yet, there is a sure-fire, time-tested way to get folks back to work – and what is being done about it?

Read the rest of this entry »

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Remarks by President Barack Obama at Chattanooga, Tennessee’s Amazon Distribution Center on Jobs for the Middle Class, 07/30/13

Posted by Warm Southern Breeze on Tuesday, July 30, 2013

The White House

Office of the Press Secretary

July 30, 2013

Remarks by the President on Jobs for the Middle Class, 07/30/13

Amazon Chattanooga Fulfillment Center
Chattanooga, Tennessee

2:00 P.M. EDT

THE PRESIDENT:  Hello, Chattanooga!  (Applause.)  It is good to be back in Tennessee.  (Applause.)  It’s great to be here at Amazon.  (Applause.)

I want to thank Lydia for the introduction and sharing her story.  Give Lydia a big round of applause.  (Applause.)  So this is something here.  I just finished getting a tour of just one little corner of this massive facility — size of 28 football fields.  Last year, during the busiest day of the Christmas rush, customers around the world ordered more than 300 items from Amazon every second, and a lot of those traveled through this building.  So this is kind of like the North Pole of the south right here.  (Applause.)  Got a bunch of good-looking elves here.

Before we start, I want to recognize your general manager, Mike Thomas.  (Applause.)  My tour guide and your vice president, Dave Clark.  (Applause.)  You’ve got the Mayor of Chattanooga, Andy Berke.  (Applause.)  And you’ve got one of the finest gentlemen I know, your Congressman, Jim Cooper.  (Applause.)  So thank you all for being here.

So I’ve come here today to talk a little more about something I was discussing last week, and that’s what we need to do as a country to secure a better bargain for the middle class -– a national strategy to make sure that every single person who’s willing to work hard in this country has a chance to succeed in the 21st century economy.  (Applause.)

Now, you heard from Lydia, so you know — because many of you went through it — over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression, and it cost millions of Americans their jobs and their homes and their savings.  And part of what it did is it laid bare the long-term erosion that’s been happening when it comes to middle-class security.

But because the American people are resilient, we bounced back.  Together, we’ve righted the ship.  We took on a broken health care system.  We invested in new American technologies to reverse our addiction to foreign oil.  Changed a tax code that had become tilted too much in favor of the wealthy at the expense of working families.  Saved the auto industry, and thanks to GM and the UAW working together, we’re bringing jobs back here to America, including 1,800 autoworkers in Spring Hill.  (Applause.)  1,800 workers in Spring Hill are on the job today where a plant was once closed.

Today, our businesses have created 7.2 million new jobs over the last 40 months.  This year, we’re off to our best private-sector jobs growth since 1999.  We now sell more products made in America to the rest of the world than ever before.  (Applause.)  We produce more renewable energy than ever.  We produce more natural gas than anybody else in the world.  (Applause.)  Health care costs are growing at the slowest rate in 50 years.  Our deficits are falling at the fastest rate in 60 years.  (Applause.)

So thanks to hardworking folks like you, thanks to the grit and resilience of the American people, we’ve been able to clear away some of the rubble from the financial crisis.  We’ve started to lay a new foundation for a stronger, more durable America — the kind of economic growth that’s broad-based, the foundation required to make this century another American century.

But as I said last week, and as any middle-class family will tell you, we’re not there yet.  Even before the financial crisis hit, we were going through a decade where a few at the top were doing better and better, but most families were working harder and harder just to get by.  And reversing that trend should be Washington’s highest priority.  (Applause.)  It’s my highest priority.

But so far, for most of this year, we’ve seen Read the rest of this entry »

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How much is enough? A guide to dissatisfaction & satiety.

Posted by Warm Southern Breeze on Sunday, June 9, 2013

Late Southern humorist & columnist Lewis Grizzard once wrote a book entitled “Elvis is dead, and I don’t feel so good myself.” The title seems apropos, especially since economics is colloquially known as “the dismal science.” 

And then, there’s former Soviet Union premier Nikita Khrushchev who once famously said during the early stages of the Cold War in 1956, “We will bury you!

Either way, it means somebody’s gonna’ die.

Considering the implications, however, I ask these questions:

How many beds can a man sleep in at once? How many meals does he need before he is full? In how many cars can he ride at once? In how many showers can he bathe at once? How many shoes can he wear at once? In how many houses can he live at once?

How much is enough?

A pessimist’s guide to the Great Recession

Review by Ferdinando Giugliano
June 9, 2013 4:36 pm
A provocative critique of policy makers’ response to the economic crisis

When the Money Runs Out: The End of Western Affluence,
by Stephen King, Yale University Press, RRP£20/RRP$30

Academic debates over the right policy response are one of the few abundant commodities during an economic crisis. Just as in the 1930s and 1970s, the financial crisis that began in the late 2000s has divided economists into two camps. The neo-Keynesian troops have Read the rest of this entry »

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Would President Obama privatize TVA & Kill the Goose that Laid the Golden Egg?

Posted by Warm Southern Breeze on Tuesday, April 23, 2013

Shoals: Privatizing TVA is ‘a bad idea’

By Mike Goens
Managing Editor
Matt McKean/TimesDaily
4/21/13

Anglers fish below thousands of feet of power lines that run from TVA’s Wheeler Dam turbine systems. Those from the Shoals who work closely with the Tennessee Valley Authority said the federal agency should not be turned over to private companies. Matt McKean/TimesDaily

Anglers fish below thousands of feet of power lines that run from TVA’s Wheeler Dam turbine systems. Those from the Shoals who work closely with the Tennessee Valley Authority said the federal agency should not be turned over to private companies. Matt McKean/TimesDaily

If President Barack Obama needs help orchestrating an effort to privatize TVA, he shouldn’t expect much support from the Shoals.

Those from the Shoals who work closely with the Tennessee Valley Authority said the federal agency should not be turned over to private companies. They fear a privately owned TVA will lead to higher electricity rates, job cuts, more flooding problems and navigational issues on the Tennessee River and other waterways under TVA’s jurisdiction.

“The first questions you need to ask are what’s the gain for government and what would be gained by the community,” said Steve Hargrove, manager of Sheffield Utilities. “If the purpose is to make things better and there is reason to think it’s possible, I would be the first one interested in sitting at the table and talking about it. I just don’t see advantages of privatizing at this time.”

Obama brought the issue to the table through his 2014 budget proposal, which was released last week. He said selling TVA should be explored as a means to increase revenue by as much as $25 billion, money that could reduce the federal deficit and pay for other government services.

Hargrove has a unique perspective to the debate, having worked at TVA for 33 years before retiring as plant manager at Colbert Fossil Plant. He became manager of Sheffield Utilities in December.

His department purchases electricity from TVA and provides power to about 19,000 customers in Colbert County.

“I am a believer in the private sector, but I would fear their mission would be different than TVA’s,” Hargrove said. “The mission of TVA is not to make profit, and the mission of the private sector is to make a profit. They have to answer to a board that wants to maximize profits. When your primary goal is to make a profit, that becomes a higher goal than helping the community.

“TVA has had its problems, and bad decisions have been made, but its mission is good and they are an established part of the communities.”

Hargrove said residential rates for TVA customers in the Southeast are among the lowest 25 percent in the country and Read the rest of this entry »

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What will President Obama do in his next four years?

Posted by Warm Southern Breeze on Friday, October 26, 2012

Obama and the Road Ahead: The Rolling Stone Interview

In an Oval Office conversation with a leading historian, the president discusses what he would do with a second term – and his opponent’s embrace of ‘the most extreme positions in the Republican Party

by: Douglas Brinkley

Obama on Rolling Stone 20121023-obama-1169-306x-1351006174

Photo by Mark Seliger

Barack Obama can no longer preach the bright 2008 certitudes of “Hope and Change.” He has a record to defend this time around. And, considering the lousy hand he was dealt by George W. Bush and an obstructionist Congress, his record of achievement, from universal health care to equal pay for women, is astonishingly solid. His excessive caution is a survival trait; at a time when the ripple and fury provoked by one off-key quip can derail a campaign for days, self-editing is the price a virtuoso must pay to go the distance in the age of YouTube.

Viewed through the lens of history, Obama represents a new type of 21st-century politician: the Progressive Firewall. Obama, simply put, is the curator-in-chief of the New Deal, the Fair Deal, the New Frontier and the Great Society. When he talks about continued subsidies for Big Bird or contraceptives for Sandra Fluke, he is the inheritor of the Progressive movement’s agenda, the last line of defense that prevents America’s hard-won social contract from being defunded into oblivion.

Ever since Theodore Roosevelt used executive orders to save the Grand Canyon from the zinc-copper lobbies and declared that unsanitary factories were grotesque perversions propagated by Big Money interests, the federal government has aimed to improve the daily lives of average Americans. Woodrow Wilson followed up T.R.’s acts by creating the Federal Reserve and the Federal Trade Commission and re-establishing a federal income tax. Then, before the stock market crash in 1929, the GOP Big Three of Harding-Coolidge-Hoover made “business” the business of America, once more allowing profiteers to flourish at the expense of the vulnerable.

Enter Franklin Roosevelt, a polio victim confined to a wheelchair and leg braces. His alphabet soup of New Deal programs – the CCC and TVA and WPA – brought hope to the financially distraught, making them believe that the government was on their side. Determined to end the Great Depression, Roosevelt was a magnificent experimenter. Credit him with Social Security, legislation to protect workers, labor’s right to collective bargaining, Wall Street regulation, rural electrification projects, farm-price supports, unemployment compensation and federally guaranteed bank deposits. The America we know and love today sprung directly from the New Deal.

For the next three decades, the vast majority of voters benefited from Roosevelt’s revolution. And every president from FDR to Jimmy Carter, regardless of political affiliation, grabbed America by the scruff of the neck and did huge, imaginative things with tax revenues. Think Truman (the Marshall Plan), Eisenhower (the Interstate Highway System), Kennedy (the space program), Johnson (Medicaid and Medicare), Nixon (the EPA) and Carter (the departments of Energy and Education). Whether it was Attorney General Robert F. Kennedy going after the Mob or LBJ laying the groundwork for PBS, citizens took comfort in the knowledge that the executive branch was a caring iron fist with watchdog instincts that got things done.

It was the election of Ronald Reagan that started the Grand Reversal. Reagan had voted four times for FDR, but by 1980 he saw the federal government – with the notable exception of our armed forces – as a bloated, black-hatted villain straight out of one of his B movies. His revolution – and make no mistake that it was one – aimed to undo everything from Medicare to Roe v. Wade. Ever since Reagan, both the New Deal and Read the rest of this entry »

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Man that predicted Great Recession dead aged 90

Posted by Warm Southern Breeze on Tuesday, October 9, 2012

Jay Levy, Part of ‘Dynasty’ That Forecast 2008 Crash, Dies at 90

Jay Levy, who worked with his father, then his son, to publish an economics-forecasting newsletter, now in its seventh decade, that predicted the collapse in housing and latest recession, has died. He was 90.

He died on Oct. 4 at Northern Westchester Hospital in Mount Kisco, New York, according to his son, David. The cause was pneumonia. A resident of Somers, New York, he had suffered a series of mini-strokes in recent years.

The Levy Forecast, founded in 1949 as Industry Forecast, bills itself as the oldest paid newsletter devoted to economic analysis in the U.S. It is published by the Mount Kisco-based Jerome Levy Forecasting Center LLC, of which Levy was most recently senior counsel and managing director. The center carries the name of his father, Jerome, who died in 1967. Jay Levy’s son, David Levy, is chairman. They were part of what Forbes magazine, in 1983, called “a kind of economic dynasty.”

Levy and his son were “right as rain” in predicting the financial crisis and recession that began in 2007-2008, Alan Abelson wrote in Barron’s in January 2009.

Among the red flags they had raised was this from the November 2005 Levy Forecast:

“Just as the last recession was caused by Read the rest of this entry »

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Alabama’s Quandary: Nur$ing Homes, or Home Care?

Posted by Warm Southern Breeze on Friday, October 5, 2012

It’s almost like trying to patch a roof while it’s leaking.

October 04, 2012

This Week in Alabama Politics

By Steve Flowers
It is basic public policy that you either have to raise taxes or reduce government services. It has become a cardinal sin in Republican politics to even say the word tax much less enact any increase in revenue. Our legislature is now overwhelmingly Republican and they are real Republicans. They take their no new tax pledge seriously as does our Republican governor. Therefore, when the dicing and crafting of the 2013 budget was being processed, new revenue enhancement measures were not on the table. It is doubtful that you will see any tax increase proposals anytime soon in the Heart of Dixie.

The state’s new budget year begins this week. It will be horrendous. There are draconian cuts to basic state services. Alabama has a constitutional amendment that mandates a balanced budget. We are in dire straits but at least we are not deficit spending like other states. California is teetering on bankruptcy.

This past year’s budget was bad. Teachers and state employees pay was cut this time last year. However, if you think that last year was bad, you ain’t seen nothing yet. This is the year that the chickens have finally come home to roost. The federal stimulus manna from Heaven has provided a lifeline salvation for several years but those dollars are gone. This fiscal year may well be the worst dilemma since the Great Depression.

My contention is that it is worse than the Depression years. During that era the state Read the rest of this entry »

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The iPhone Stimulus

Posted by Warm Southern Breeze on Friday, September 14, 2012

Gonna’ get yours?

The iPhone Stimulus

By PAUL KRUGMAN, September 13, 2012

Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they’re with.

So is the new phone as insanely great as Apple says? Hey, I’ll leave stuff like that to David Pogue. What I’m interested in, instead, are suggestions that the unveiling of the iPhone 5 might provide a significant boost to the U.S. economy, adding measurably to economic growth over the next quarter or two.

Do you find this plausible? If so, I have news for you: you are, whether you know it or not, a Keynesian — and you have implicitly accepted the case that the government should spend more, not less, in a depressed economy.

Before I get there, let’s talk about where the buzz is coming from.

A recent research note from JPMorgan argued that the new iPhone Read the rest of this entry »

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Govenor Bentley begs, borrows or steals. -OR- What’s it like living in Alabama? Ever been continuously anally gang-raped?

Posted by Warm Southern Breeze on Wednesday, August 29, 2012

Not only does Governor Bentley send another man out to do his work, but he steadfastly refuses to do the right thing.

And the Huntsville Times REFUSES to cover Dr. Don Williamson’s stumping-for-the-governor’s “Let me borrow-nearly-a-half-BILLION-dollars-without-a-repayment-plan” appearance at City Hall.

Remember: Whatever you do,

• DO NOT increase tax rates on the wealthiest Alabamians, who already pay a lower rate than the impoverished – who also pay the 3d highest tax rate in the USA (why, even former Republican Governor Bob Riley called for tax change saying, “It is immoral to charge somebody making $5,000 an income tax.”);

• DO NOT increase property tax rates on corporate timber landowners who pay a lower rate than homeowners – who already pay 66% less than the national average;

• DO NOT increase severance tax rates on big oil & gas companies who are extracting those natural resources from under Alabama soil; and for goodness sake, whatever you do,

• DO NOT stop earmarking 9 out of every $10 of state tax revenue. God – and Governing Magazine – knows that our 50th place rank among our nation’s 50 states for fiscal management is as best as the whole state of retards can do.

Face it, folks. Alabama continues to be anally gang-raped by dogdamn retards, who call themselves “politicians.”

And, sadly enough, we apparently like it.

Medicaid crisis if Sept. 18 vote fails, state’s chief medical officer says

Written by Bob Johnson, Associated Press
3:11 AM, Aug. 27, 2012

Dr. Don Williamson AL State Health Officer

Dr. Don Williamson, State Health Officer with the Alabama Department of Public Health, announces an emergency ruling that two dangerous chemicals marketed as ‘bath salts’ are being added to the Alabama Controlled Substances List during a press conference in Montgomery, Ala., on Tuesday, Feb. 22, 2011. (Montgomery Advertiser, Lloyd Gallman) / Advertiser file

Alabama’s chief public health official said Medicaid will be in deep trouble if voters do not approve a Sept. 18 referendum to take more than $437 million from a state trust fund and use it to prevent huge cuts in spending on state programs for three years.

The constitutional amendment, if approved by voters, would take $145.8 million a year for three years out of the Alabama Trust Fund to help balance the budget during a time when tax collections are expected to see little growth.

Some critics say the Alabama Trust Fund was initially set up more than 30 years ago to prevent state officials from raiding oil and gas revenue every time the state has a funding crisis.

State Health Officer Don Williamson, who is temporarily overseeing funding for Alabama’s health care program for the poor, said without receiving money from the trust fund the Medicaid program would be $100 million in the red.

He said this could jeopardize programs that provide medicine for poor patients, reduce payments for doctors who treat Medicaid patients, send more poor patients to emergency rooms and eliminate optional Medicaid programs such as providing life-saving dialysis treatment.

“These are life-threatening choices,” Williamson said.

Williamson told The Associated Press that Read the rest of this entry »

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How to End This Depression

Posted by Warm Southern Breeze on Sunday, July 29, 2012

It’s been said that ‘everything should be made as simple as possible, but not simpler.’

The distinguished Dr. Krugman – who accurately foretold in 2001 that the “Bush Tax Cuts” would create significant deficit (and they did) – understands the role of government in providing opportunity for entrepreneurs and private enterprise, and the equally important role that government has in responsibility to protect public health and safety.

The long and short of it is this: Government spending on economic infrastructure (including education) is a good investment because it yields significant immediate and long-term results.

Why?

Because Materials and Manpower ALWAYS come from the private sector.

Regular readers of this blog will be familiar with the aforementioned premise, and the numerous times about which I have written in detail about the same. This entry illustrates with three excellent examples of that principle.

Naysayers and critics miss one very important factor in their analogy, which is that the Federal government has the power and authority to print money. The way that factor relates to the issue at hand is this: While the government could – in theory, and in reality – print enough money to give $10,000 to every man, woman and child in this nation the net effect of so doing would be to devalue the money, which would be resulting from inflation.

How to correct, resolve or work within the guidelines of that factor is to understand that one very important role of government is to provide OPPORTUNITY for entrepreneurs and private enterprise. By providing opportunity, government is also encouraging private enterprise and entrepreneurship. And, for the strict Constitutionalists, courts have continued to uphold and acknowledge that such power is contained within the Preamble’s clause “to promote the general welfare.”

Further, for the “anti-Big Government” naysayers, it is preposterous (contrary to reason or common sense; utterly absurd or ridiculous) to imagine that, in this era, with every technological advance, invention and discovery which has been made since 1776, and with our population (now approaching 312,000,000), that we would have fewer laws, rules and regulations than when we first began.

And, for those who say we should balance our budget, I would agree. However, I hasten to point out, that the last time that was done was under Eisenhower and LBJ. That does not excuse us from an ongoing civil discussion and debate about how to effectively manage our nation’s budget. Perhaps a formula of some type which would take into account GDP, debt (outstanding Treasury notes), trade deficit, population growth, birth rate, and other factors – with an “escape” mechanism for times of civil emergency or war, of course.

For such, we need technocrats – experts in areas of operations – rather than bureaucrats. Perhaps in an advisory role. But then again, we have those.

So… why don’t we work together as we ought?

Politics.

It seems that “Everybody’s got something to hide except for me and my monkey.”

How to End This Depression

May 24, 2012

Paul Krugman

The depression we’re in is essentially gratuitous: we don’t need to be suffering so much pain and destroying so many lives. We could end it both more easily and more quickly than anyone imagines—anyone, that is, except those who have actually studied the economics of depressed economies and the historical evidence on how policies work in such economies.
Obama in Master Lock factory Milwaukee

President Obama on a tour of the Master Lockfactory in Milwaukee with the company’s senior vice-president, Bon Rice, February 2012; Susan Walsh/AP Images

The truth is that recovery would be almost ridiculously easy to achieve: all we need is to reverse the austerity policies of the past couple of years and temporarily boost spending. Never mind all the talk of how we have a long-run problem that can’t have a short-run solution—this may sound sophisticated, but it isn’t. With a boost in spending, we could be back to more or less full employment faster than anyone imagines.

But don’t we have to worry about long-run budget deficits? Keynes wrote that “the boom, not the slump, is the time for austerity.” Now, as I argue in my forthcoming book*—and show later in the data discussed in this article—is the time for the government to spend more until the private sector is ready to carry the economy forward again. At that point, the US would be in a far better position to deal with deficits, entitlements, and the costs of financing them.

Meanwhile, the strong measures that would all go a long way toward lifting us out of this depression should include, among other policies, increased federal aid to state and local governments, which would restore the jobs of many public employees; a more aggressive approach by the Federal Reserve to quantitative easing (that is, purchasing bonds in an attempt to reduce long-term interest rates); and less timid efforts by the Obama administration to reduce homeowner debt.

But some readers will wonder, isn’t a recovery program along the lines I’ve described just out of the question as a political matter? And isn’t advocating such a program a waste of time? My answers to these two questions are: not necessarily, and definitely not. The chances of a real turn in policy, away from the austerity mania of the last few years and toward a renewed focus on job creation, are much better than conventional wisdom would have you believe. And recent experience also teaches us a crucial political lesson: Read the rest of this entry »

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Social Darwinism, “Starving the Monster,” and the Myth of Smaller Government

Posted by Warm Southern Breeze on Tuesday, April 3, 2012

For years, I have called them “Governmental Deconstructionists,” and I stand by my words.

I refer to Radical Republicans, whom may also be known as TEA Party members.

I have said that they are so far to the Right, they’re bumping on the Left side of the Left.

They’re extremists, and they don’t give a damn about you, nor – dare I say – about this nation.

Consider that they say ludicrous things such as they want to “make government smaller,” and have “less regulation.”

Such remarks are blatantly stupid on their face.

Here’s why.

There was only ONE TIME in our nation’s history when we had fewer laws and regulation, and when the government was much, much smaller.

That was when it was founded, back in the late 1700’s.

Since then, we’ve only grown larger in land size, have become more populous, have increased technology, have become the world’s largest economy and a driving force in the global economy, and show little signs of decline. We remain, without a doubt, the most powerful nation in the world – bar none.

Though we have weathered a Civil War, Great Depression and are emerging from a Read the rest of this entry »

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Cheap Labor: Alabama legislature to consider bill allowing prisoners to be hired

Posted by Warm Southern Breeze on Thursday, March 15, 2012

In Alabama, it’s “Deja Vu all over again,” or “Back to the Future” again, and again, all over again…

Some folks say they want to “take America back.”

The only problem I have with that, is that they never say where, or how far back they want to take America.

Do they want to take it back to the Jim Crow law era, before the time of Civil Rights?

Or, do they want to take it back to before suffrage (the right of women to vote)?

Or, God forbid, dare they take it back even further? Surely not to King George!

Where ARE our “leaders'” sense of ethics, righteousness and justice?

I remain convinced, they are Read the rest of this entry »

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Why Herman Cain and the GOP can’t be taken seriously

Posted by Warm Southern Breeze on Wednesday, November 2, 2011

First, forget the “vast right-wing conspiracy” to oust Hermie. Everyone wants to shoot the messenger.

Sometimes, it’s easier to let the “other side” do the talking – whatever side that is!

It’s not as if we can’t see it, it’s not as if we can’t identify it, and it’s not as if we have no name for it. For we can see, identify and name it – whatever it is.

Let’s just ask one reasonable question – and then, you can get to the heart of this matter. If you were in a position to hire an expert – at least someone with even limited ability or experience – would you hire someone whom has no experience? Again, if you were a restauranteur, would you hire someone whom has not even been to any cooking school to be executive chef? Would you expect Herman Cain – while CEO of Godfather’s Pizza – to have hired regional managers, who hired store managers, who hired folks with utterly no experience in the food service industry to manage a local Godfather’s Pizza store? If your answer is an obvious “no,” then why would you – or any rationale person – support, or take Herman Cain’s run for the GOP presidential nomination seriously? Why, he’s never even run for Dog Catcher… much less the county line!

Is it not sad, that one watches Fox News for humor, and The Daily Show with Jon Stewart on the Comedy Channel for news?

From: TheAmericanConservative.com

by Rod Dreher

Cain campaign as a sign of decadence

Rod Dreher     November 2nd, 2011

When Herman Cain sang at the National Press Club the other day, I thought it was absurd. There he goes again, the clown. Looking at the performance in greater context, I found it easier to smile at, and not in a hostile way. Still, if you think about it, it says something bad about America that here we are, facing the greatest financial crisis since the Great Depression, and looking at a future of crippling indebtedness unless our leaders take drastic action … and the top candidate for the Republican nomination a year from election day is a charming businessman with no political experience, who knows nothing about the world (and makes jokes about his own ignorance), and who is given over to camping it up on the campaign trail. If times were great, there would be serious reason to doubt whether America could afford a man like Herman Cain in the Oval Office. But times are terrible, and could easily get far worse. It’s really quite an indictment on the unseriousness of our country, or at least the conservative electorate, that Cain is at the top of the polls now. The media play their own role in perpetuating this circus. Conservative James Poulos writes in the Daily Caller: Read the rest of this entry »

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How to fix this ROTTEN economy

Posted by Warm Southern Breeze on Friday, March 11, 2011

Here are a few “quick” points, and anecdotal observations, followed by solutions.

According to published reports, unemployment has ranged, on national average, between 9-12%. However, some suggest that the real unemployment rate may be much higher, in some cases, up to twice – or more – of the reported figure. Adding strength to that argument is the fact that 1.) the government reports Read the rest of this entry »

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The Impact of the Flat Tax Reform on Inequality

Posted by Warm Southern Breeze on Wednesday, January 26, 2011

Some assert that everyone should pay the same rate of taxes, claiming that one “flat rate” would solve many problems.

I beg to differ.

The inequality of the so-called “flat tax” is quite simply, self-evident, because given that the cost of living is indexed similarly, the one whom has more income and wealth does not use as much to live, whereas the less fortunate and less wealthy use a greater percentage of their income to make ends meet.

Put another way, if it costs $500 annually to live, and you make $1000, that’s 50% of your income.

If it costs $500 annually to live and you make $10,000 that’s 5% of your income.

Who, then, does a flat tax benefit? Read the rest of this entry »

Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments »

Just in time for Christmas!

Posted by Warm Southern Breeze on Monday, November 22, 2010

*!* Conspicuous Consumption *!*

*!* Consumer Alert *!*


From our “Useless Junk Aimed at the Stupidly Über Wealthy” Department:

With “Black Friday” looming in a few days, it’s not too early to begin thinking about what you’ll get for that person whom “has everything”!

Perhaps you work …Click HERE to Continue toward Thanksgiving Turkey Land, or LaLa Land…

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Two Numbers – ONE BIG, one small

Posted by Warm Southern Breeze on Thursday, December 17, 2009

$9,100,000,000,000

Nine TRILLION, one hundred BILLION…

Remember another number.

Two.

During the reign of King George W. Bush, just TWO of his failed policies have cost Americans $9,100,000,000,000.

What two failed policies are those?

The Bu$h tax cuts, and the creation of a Rx (prescription drug “benefit” written wholly by Big Pharmaceutical industry cronies.

The U.S. Census Bureau’s most current estimation of the population of the United States places 308,171,505 people in the United States as of December 17, 2009.

Put another way, that’s a cost of $29, 529 per person.

As a result of deregulation of the financial industries – banks, insurance and stock brokerages – thus creating one giant incestuous financial orgy, Americans have directly suffered under the thumbs of bankers and insurance companies, while their Wall Street cohorts, in conjunction with imaginative thieves, have twiddled and fiddled to create “investment derivatives” – essentially a Ponzi schemed fiscal fraud – out of thin air. That house of cards having collapsed, has revealed what was suspected all along. Outside the transparent dressing room of his glass house, the king had no clothes.

Driven by greed and an insatiable lust for more, …Continue…

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