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Nanny State Stupidity from DC

Jim — Fri, 18 Mar 2011 19:31:07 +0000

See this Wall Street Journal article for details, How Washington Ruined Your Washing Machine, including why you can no longer buy a top loading washer rated better than “mediocre or worse” by Consumer Reports. Note that in 1995, 13 out of 18 tested by CR were rated “excellent” and the other 5 were rated “very good”. So, we progress from desktop computers to laptops to smartphones, with growing functionality in shrinking devices available at ever lower costs. Meanwhile, thanks ONLY to government bureaucrats/over-regulators, those mechanical wonders comprising 75 year old technologies such as electrical motors, spinning tubs and rubber belts have degraded in performance and increased in price.

Ditto light bulbs, dishwater detergent, toilets, shower heads, ethanol-diluted gasoline, etc., etc. See the 500 comments for some entertaining insights (and a few useful ones)!

Bad News/Good News

Jim — Mon, 07 Mar 2011 09:01:51 +0000

From Zero Hedge regarding QEII – an unmitigated disaster. Also, see banks face new headwinds. Big trouble brewing, however the good news is that the bad news has to come before the good news, although there’s probably significant lead time involved. The economy cannot really turn around until it clears the toxic assets (and in this case, many of the institutions holding those assets) that are currently blocking the normal recessionary drainage of economic waste.

The Incomprehensible Absurdity of a Proposed $1.3 Trillion Budget Deficit

Jim — Thu, 04 Feb 2010 18:59:23 +0000

President Obama spent last week gloating about a spending freeze that will (supposedly) generate $250 billion in savings over 10 years, but no more than 10 billion for the 2011 budget. Some think that he was sincere in that undertaking, yet given his announcement this week proposing a fiscal 2011 budget deficit of $1.3 trillion, it is very difficult to believe there is a shred of economic literacy within the Obama administration.

Take a look at this post from BusinessInsider.com:

Now, what do you think? Is Obama crazy? I doubt it. Does he have the foggiest clue about economics? Clearly not. How can the POTUS propose something so irresponsible? I suppose it could be because no one on Obama’s team has a clue about economics either, so we have the economically blind leading each other around inside the White House. See the chart below for details.

: Obama Cabinet Members with Private Sector Experience

If it is not economic ignorance, what is it? The Cloward-Piven strategy? I don’t know, but if Obama continues to pursue such absurd economic policies, he will lead the US to economic ruin. Whether that is his intent or not will be for historians to figure out.

Gov’t Mule with Grace Potter – Live at the Warfield 9.26.09

Jim — Sat, 05 Dec 2009 06:47:17 +0000

Exactly how can you top this? Warren rocks and Grace smokes!!!