POOKIE FOR PRESIDENT:
Please see the blog: http://papajoestales.wordpress.com/
1. For those concerned for my supposed one-sided posting of Republican failures and follies while ignoring Obama’s, I discovered the following:
See, libs do criticize libs
2. Why parody is impossible:
“If the Soviet empire still existed, I’d be terrified. The fact is, we can afford a fairly ignorant presidency now.”
~Newt Gingrich, saying that it’s okay for the President to be “fairly” ignorant.
3. Let’s give the American people a chance to hear Buddy Roemer in the Republican nomination for President debates:
“Romney’s better [than Gingrich], but he’s bought. I saw Mitt Romney when he was running for the United States Senate …. He talked about PACs, about special interest money, and about how he was different from Ted Kennedy. Bullshit. With three [presidential] Super PACs, he already has received four $1-million checks.”
“These [Republicans] are decent people, They can play a role in turning America around. I would ask them to lead. I would ask them to stand up. Stop what they’re doing …. Tell their party, my party: Let’s stop being the party of big checks.”
A. 2011 Food costs:
I do not know what this chart signifies other than good news for restaurants.
B. 2011 Black Friday:
On a recent front page of USA Today, the main headline read “Guns were a big seller on Black Friday.” According to the article, sales of firearms hit record numbers on the day after Thanksgiving, with a surge in FBI background checks by 129,166 new buyers — “smashing the single-day, all-time high by 32 percent, according to bureau records.”
Unfortunately, there are many in the US who are more proud of this than they would be about reports of any general upturn economic activity or jobs.
TODAY’S NEWS FROM THAILAND:
1. Teflon Prime Minister:
Recently when questioned by the press whether her planned reorganization of the military could lead to a military coup similar to that that toppled her brother Thaksin the Terrible when he attempted a similar reorganization, Prime Minister Princess Lucky Girl responded with her standard answer to questions regarding the impact of her policies: “I am confident I am working my best for the people who trust me and I will do my best for Thailand. I believe that I have this intention. I must seek fair treatment from everyone.”
When asked what her intentions actually were she replied that she did not want to discuss the issue for the time being as she was focusing on working with all parties to relieve the people’s hardships.
2. The benefits of Teflon:
Only a day or two after the above appeared in the newspapers Prime Minister Princess Lucky Girl that the senior General and head of the Army would retain his position until retirement. I assume this agreement covers the other members of his military school class. Any “reorganization” appears limited to the lower ranks replacing those now scheduled to accede to the senior positions by those who support the Thaksin the Terrible/Princess Lucky Girl administration.
Prior to the election, I wrote in these posts that I suspected that Thaksin the Terrible would make a deal of this type. After all, the prior coup was instituted following the failed attempt to cashier these same officers and replace them with members of Thaksin the Terrible‘s military class. Right after the election I guessed that the opposition party’s suspicions that such a deal was in the making, launched a series of almost hysterical media and political attacks on the incoming government that appeared more geared to influence the military general staff than the populace as a whole. Apparently, with this most recent announcement my speculation appears to have been correct. What this means is, barring a string of absolutely stupid political actions, the current government will sit in power for a while and Thaksin the Terrible will return from exile in triumph. Given the overweening size of his ego and the impact of his success on it, I would guess he goes back into government. It would be a foolish thing for him to do.
POOKIE’S ADVENTURES IN THAILAND:
Alas, I have been struck down by illness and have remained in my bed for the past few days trying to treat it with antibiotics, throat lozenges, liquids and sleep. I still feel miserable.
While so engaged in self medication and self-pity, I received phone calls from SWAC and from Nikki urging me to fly off to Italy for the holidays at Vittorio’s farm and then return to the US to resume my nanny duties until Hayden is once again abandoned to his fate. While, health permitting, I am leaning toward going, much depends on whether I can make all the arrangement within the next few days.
As I lie here in bed, I am watching on television an amazing fireworks display that is taking place in Pattaya (the outskirts of hell) in honor of the kings birthday. There are about 15 separate countries participating in a competition. It has been explained to me that each country contributed to the fireworks demonstrations accompanied by music. There were three presentations that I saw each lasting about 15-20 minutes. The Japanese presentation, an US led display and one more. About 20 years ago, my daughter and I attended the fireworks exhibition celebrating the 100th anniversary of erection of the Statue of Liberty in NY harbor. That was by far the most impressive show of pyrotechnics I have ever seen until this one. I think the American led display won first prize.
Recently I read a short opinion piece by Naomi Wolf in the Bangkok Post in which she mentioned that she had noticed a trend by some young adults for the most part, to choose to live a lower impact lifestyle. This was not the quasi-religious back to nature life styles movement favored by the Hippies, nor was it the life of hopeless desperation that gripped much of the Nation in the 1930s. It seems that here a number of the modern descendants of those prior movements are simply deciding on a simpler way of life because the alternative, even if accessible, is no longer as desirable. An ideal life based almost exclusively upon greed is being found wanting.
The impact of this change in goals, as she pointed out could be momentous. It does not take many people to decide, for example, that they do not need a second car for its reverberations for good or ill felt throughout society. In that example, the failure of the automotive industry to grow at a rate equivalent to population growth, replacement and a little more, would have severe consequences to the economy that cannot be remedied by lower prices or financing.
What Ms Wolf did not mention that some of those entering their most economically productive years are the members of the social network, mobile entertainment and information generation. Their life style choices could exacerbate the economic and social impacts of the trend she writes about.
For example, our transportation, fashion, entertainment, adult and a host of other choices often require our traveling somewhere, frequently with the hope to impress those we meet along the way with our abilities, success or whatever else is important to our sense of self-worth. Conspicuous consumption of even some of the wealthiest among us may become less a function of acquisition of physical things then it is now. (Why two Ferraris when you do not need to alter your location for most of your social or business needs?) Some of us for instance may decide that public transportation, although longer in trip duration and often lacking in comfort is mitigated by the fact that your mobile, work, entertainment and social needs must be somewhat curtailed during your drive should you choose to do so.
It would not require more than a few of us to make these choices for it to rock the economy in ways that standard financial theory is unable to manage, based as it is on production and finance, causing the economy to contract and perhaps collapse.
Strange as it may seem, it may be that this social change more than technological invention or energy conservation that delay’s the impact of the hydrocarbon threat.
a. Strange Apocalypses:
RUNAWAY BLACK HOLE
Black holes are the most powerful gravitational objects in the universe, capable of tearing Earth into its constituent atoms. Even within a billion miles, a black hole could knock Earth out of the solar system, leaving our planet wandering through deep space without a source of energy.
Danger sign: Increased asteroid activity; the seasons get really extreme.
b. : What “Occupy” is all about and what it really wants:
1. Limit the finance industry’s ability to funnel money from the masses to the ultra rich, through hedge funds which dominate all of the financial markets.
“What are hedge funds? They are funds that have a 1-5 million deposit minimum, cater to the mega-rich, and can invest in anything without regulatory restrictions, use leverage to pump up their exposure by 15x, and pretty much eat up a vast majority of the industry’s profits.”
Statement by a Wall Street Broker.
2. End the growing disparity in income gains between the very rich and everyone else.
3. Begin the reversal of the wealth disparities between and very wealthy and everyone else in American Society.
c. Excerpts from Bill Moyer’s speech to Citizens United:
“Jefferson and Madison didn’t live to see reactionary justices fulfill their worst fears. In 1886 a conservative court conferred the divine gift of life on the Southern Pacific Railroad. Never mind that the Fourteenth Amendment declaring that no person should be deprived of “life, liberty or property without due process of law” was enacted to protect the rights of freed slaves. The Court decided to give the same rights of “personhood” to corporations that possessed neither a body to be kicked nor a soul to be damned. For over half a century the Court acted to protect the privileged. It gutted the Sherman Antitrust Act by finding a loophole for a sugar trust. It killed a New York State law limiting working hours. Likewise a ban against child labor. It wiped out a law that set minimum wages for women. And so on: one decision after another aimed at laws promoting the general welfare. The Roberts Court has picked up the mantle: Moneyed interests first, the public interest second, if at all.
The ink was hardly dry on the Citizens United decision when the U.S. Chamber of Commerce organized a covertly funded front and rained drones packed with cash into the 2010 campaigns. According to the Sunlight Foundation, corporate front groups spent $126 million in the fall of 2010 while hiding the identities of the donors. Another corporate cover group — the American Action Network – spent over $26 million of undisclosed corporate money in just six Senate races and 26 House elections. And Karl Rove’s groups – American Crossroads/Crossroads GPS – seized on Citizens United to raise and spend at least $38 million that NBC News said came from “a small circle of extremely wealthy Wall Street hedge fund and private equity moguls” — all determined to water down financial reforms designed to prevent another collapse of the financial system. Jim Hightower has said it well: Today’s proponents of corporate plutocracy “have simply elevated money itself above votes, establishing cold, hard cash as the real coin of political power.”
d. The chart that explains a lot:
I think that with the shrinkage of “safe” assets, those sitting on cash as a result of the bailouts and those pulling it out of the previously safe havens and looking for another refuge to park the funds will begin to overwhelm the remaining safe havens. All this money floating around has little demand for production of goods and services into which to put it to work. Unless someone starts putting money into less safe assets like those investments that increase production and jobs (on the come so to speak)), these safe havens may not be as safe in the long run as they appear today. It seems to confirm that the “Confidence Fairies” and “Bond Vigilantes” are wrong again. Until there is good old governmental pump priming and a moderate loosening of inflation goals, much more wealth will have to be wiped out or there is a belief that the safe havens are not a safe as for example productive assets, before things begin looking better, if ever they do.
It all can be thought of a borrowing from labor and from production in order to maintain the rental value of money, until labor and production recover. It cannot work. Labor, production and consumption create the rental value of profits and natural asset rents.
e. Profile in Presidential courage:
f. Department of abasement, apology and correction:
My sincerest apologies for posting this, but I could not resist:
This chart is highly misleading since it fails to show the fall in the growth of government during those prior administrations committed to slowing its growth and therefore I suspected it was prepared by a liberal front group. Unfortunately, I checked on the growth figures for the prior administrations and they all showed an ongoing increase in the number of governmental employees.
Actually Jesus is a liberal Democrat and not a socialist. He fed the multitude by creating the food out of nothing. If he were a Socialist he would have used the money he took from the money changers in the temple to pay for the food. If he were a Republican he would have created the food out of nothing, given it to the money changers, and told the multitude that they should ask the money changers for jobs instead of sitting there on the grass looking for handouts.
Because there is more to be frightened by today.