2 Cents Worth On Politics, Economics And Life Its Ownself

Today there are stories about a “strong” recovery for our economy with all sorts of anecdotal details.  Interesting that just yesterday the papers were reporting that the official committee that determines these things can’t make up its mind about whether the recession has ended or not.  Do these PhD’s really know that much more than we do?  I personally think its  like pornography and I know it when I see it.

The proposed dramatic cutback in NASA programs may well have lots of unintended consequences if implemented as set out.  Your GPS, your cell phones, your cable TV, international calls, weather predictions and storm warnings and not to mention CIA, NSA and military security resources are all very dependent on satellites orbiting in space.  Do we really want to start depending on Russia, China or even some start up company here to put those into space and just as importantly maintain them over time?  Space exploration and exploitation today really does affect your everyday life in so many ways that you never notice until the system were to break down.  Let’s hope someone who’s an adult takes a second look before a decision is made.  The cutback sure won’t help the job market.  You read they will be offering retraining to the thousands of employees who lose their jobs.  Just what we need a rocket scientist learning to be a mortgage broker.

You need to read the open letter to the guy in the white house from the World Jewish Congress.  It should give pause to anyone concerned about our security.  The questions it raises regarding our current goals and strategy in the Middle East should be answered by the anointed One.  If you believe Israel is a greater threat to our security than Iran then you can ignore it otherwise you might pay heed.

I wonder if anyone could make a profit on a watermelon stand these days during the summer?  I never liked watermelon much even as a child but it was fun to go there with the whole family and pick out your own melon and then everyone gather around the picnic tables they had set up with the salt shakers and old newspapers to cover the table.  Of course it was pretty hot.  The only cooling was from ceiling fans in the pavilion.

Why can’t they financial regulation bill they are discussing in Washington be simple?  Can’t it be done in less than 10 pages.  All it needs to say is that no bank or any other company is too big to fail and that the US government will not be permitted to advance any loans or purchase any equity in such entities.  If they become insolvent they will be forced into a bankruptcy proceeding or liquidated by the FDIC.  What is so complicated about that?  We don’t need any other regulation if the politicians aren’t permitted to “save” vital companies or industries.  We wouldn’t have any more AIG or GM or Citibank  rescues.

I am not a Catholic but hope the Church can straighten out is problems with its pedophile priests.   The first few centuries of the Church didn’t universally require celibacy in the clergy.  The Church has a can do much good in the world but needs to sharpen its recruiting and not become like a union job where it is almost impossible to fire anyone.  Those who don’t measure up need to be cut loose without years of agonizing over the decision.

We’re told Iran can have enough uranium within a year to build a bomb but not to worry because they would need time to test it first.  What if they decide to test in on Tel Aviv?  I mean if they are intent on using it as they say they are, then what would be the downside for them.  If it doesn’t work then no one would know anyway and if it does…… It is always dangerous to not take someone at their word when they make threats. 

Let me get this straight–we are going to tax more, much more and spend more, much, much more to restore economic growth.  Even though everyone agrees we will have deficits over a trillion more or less forever.  And if that doesn’t work then Plan B is to borrow more from foreigners to take the path to prosperity.  Sounds like a great game plan to me. 

China reports a first quarter growth rate of 11.7% which is really remarkable.  It comes from China’s State Council.  You have to wonder about the guy in charge of arriving at that number.  We talk of transparency a lot these days for economic health but opaque is the hue in Chinese reports.  You think the Party sometimes “influences” the numbers one way or the other?  I mean when the big cheese says he hopes that such and such is going to be the number that someone tries to make him happy.  Especially if his dad was in one of those re-education camps of Mao a few years ago.

“That all power is vested in, and consequently derived from, the people; that magistrates are their trustees and servants, and at all times amenable to them.” George Mason, Founding Father.   www.olcranky.wordpress.com

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Filed under business, Culture, Economics, government, Politics

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