December 14, 2011
— Monty

Paul Rahe: Is means-testing just? IÂ’m reading RaheÂ’s magisterial Republics Ancient and Modern right now, so I was interested to see what his take on this issue would be. A particularly savory bit:
Along the way, next to no one on the left or right paused to consider whether policing the lives of ordinary citizens in this fashion is not a species of tyranny. Almost everyone thought that the end – getting all Americans on health insurance – justifies the means, for the unspoken presumption of our masters in Washington and in the state capitols is that ordinary people lack the capacity to assess the risks they encounter, make their own decisions, and pay the consequences.
And more:
I am no friend to any of the entitlement programs. All of them involve a stealthy transfer of wealth. All of them discourage diligence and industry. All of them reward sloth and punish success – and it seems to me that means-testing those not yet means-tested would serve only to take bad policy and make it worse, for it would transform what presents itself as a species of social insurance (and to some degree really serves as such) into an out-and-out welfare program.
It’s all great stuff (I wish I’d written it), but I’d respond to Rahe by saying that the time for a "fair" or "just" resolution is long past. There is no “fair” outcome possible at this point. No matter what happens, someone is going to get cheated. Maybe everyone. The ultimate villains here are the politicians who have been lying to their constituents for much of the past several decades about the sustainability of these programs. I can only repeat what I’ve said before: you know you’re in a crisis when all of your options suck.
This piece is less an argument in favor of a Eurozone bailout and more an argument for not letting things come to such a pass in the first place. "Moral hazard" can't just be a conveniently-ignored abstraction when the going gets tough because if you ignore it too long, the whole edifice will fall down around your ears. Supply and demand, action and consequence -- for an economy to function, it must be allowed to work naturally. The ECB and Eurozone bureaucrats have blown right past the "two wrongs make a right" phase and have gone into the "maybe fifteen or twenty wrongs might make a right, somehow" phase. (This article also trots out the fallacy that this is a liquidity crisis. It's not. It is at base a sovereign solvency crisis.)
Myths of the New Deal. In many ways, FDR’s New Deal is the “founding myth” of modern liberalism. In actual policy terms, the New Deal was an unmitigated disaster, but years of hagiography and sentimentalism have obscured the basic failures of FDR’s Depression-era policy. (Noted liberal tool Michael Hiltzik has contributed to this with his latest piece of FDR propaganda entitled The New Deal: A Modern History. Even the Socialist Realist cover art is a dead giveaway; stick a hammer-and-sickle flag behind the guy instead of Old Glory, and you’d have a dandy Lenin-era USSR bit of commie kitsch.)
If this is the “new poverty” that so enrages liberals, then maybe they need to be reacquainted with the old poverty -- you know, the kind where people dress in rags and die of starvation. On this issue as in so much else liberals are wrong about, a bit of historical knowledge would go a long way. For most of human history upon this earth, “poverty” was the normal state of existence (and still is for more than half the population of the earth). The way we live now is not normal; it is a dramatic aberration. Be thankful you were lucky enough to be born a citizen of the West in this age of the world, people: you won life’s lottery, whether you know it or not.
The Nobel Prize in Economics lectures of Thomas Sargent and Christopher Sims.
The Euro and the “two drunks” problem.
Eric Raymond (or ‘esr’ to us Unix geeks) on why he loves Wal-Mart despite never shopping there. I tend to agree. I don’t shop at Wal-Mart much myself -- I buy nearly everything that isn’t food from Amazon these days -- but I think on balance that it’s been a great force for good in poor and rural people’s lives. Much more so than any government program I can think of.
ItÂ’s as I expected: all the happy talk about rebounding retail sales was pretty much nonsense. Retailers are moving inventory, but only by making steep discounts that murder the bottom line. WhatÂ’s the word, hummingbird? A measly 0.2% growth in November, and not much prospect of doing better in December. (Remember: you can sell everything you have on the shelves, but if you canÂ’t do it at a profit, youÂ’re still going to go broke.)
Rule of law and why itÂ’s critical for a prosperous and free society.
Yet another state public-employee retirement system hits the skids. The newest LOTB inductee: Virginia! Funny how state finances went from “We’re fine!” to “Oh shit!” in the course of a year or two. It’s almost as if that river of “stimulus” money from Washington D.C. dried up and states didn’t bother actually fixing the underlying problems.
"Everyone is looking for the policy-making silver bullet. There really are none," Basu said. "The best is a balanced approach that sets aside more funds for pensions while adjusting benefits and retaining an economic environment good for growth."(Emphasis mine.) Basu is singing from ObamaÂ’s favorite Democrat hymnal, I see.
So what can Greece do to get out of the fix theyÂ’re in? Not much. Sometimes all you can do is board up the windows and wait for the hurricane to hit.
GreeceÂ’s problems fall basically into four baskets. The first is the huge public and private debt that has been run up, the servicing of which is dependent on the good will of others. the second is the intractability of the public sector, including judiciary, not so much to reform (which is far too timid a word) as to total reinvention. The third basket is the current morphology of the Greek economy, imbalances one sees in the public/private sector relationship, the imbalances in investment/consumption/savings, export/imports, tax base and research/innovation. The fourth, which is not so much a basket as a world in itself, is the reshaping of the Greek civil mind set, the norms, ways of thinking, relation to civil society and the state, attitude towards ones fellow citizens, oneÂ’s civic obligations. My guess is the that second and third are impossible to take on, but even if possible, will take generations to improve.
Here’s the problem investors have with the promises made by the ECB and Eurozone governments: they are unlikely to be carried out, even if they are sincerely meant. The whole Euro project, from the start, has been predicated on the notion that there is some entity called “Europe”, and that a citizen of that entity is “European”. It turns out that this is not the case: you still the same collection of Frenchmen, Germans, Italians, Spaniards, Portuguese, Poles, Lithuanians, Norwegians, Swedes, and Greeks you had before the Euro project came into being. It turns out that there really is no such creature as “Europe”, so any promises made on this mythical creature’s behalf are not to be taken too seriously.
Also, remember this quote: “I fear German power less than I am beginning to fear German inactivity.” That’s coming from a Pole. You know that things have spiraled out of control when a Pole can say this about Germany.
No one wants the commemorative Presidential dollar coins. It always struck me as a waste of resources anyway -- make the coins out of specie (gold or silver) and theyÂ’d sell like the wind. But coins made of copper, zinc, manganese, and nickel? Not so much. And IÂ’ve got to say: I donÂ’t exactly thrill to the idea of owning a Chester A. Arthur commemorative coin. Maybe itÂ’s just me.
The US House of Representatives: HereÂ’s our payroll tax bill with the Keystone XL pipeline provision, Bammer. Go ahead and veto it! I double dog dare you! I triple dog dare you! (Boehner created a slight breach of etiquette by skipping the triple dare and going right for the throat!)
Senate to MF Global Execs: You guys find that missing money yet?
MF Global Execs to Senate: Er...no. We looked everywhere, too. Under the couch, under the car seats, behind the toilet in the bathroom, in the junk-drawer in the kitchen...everywhere. We did find a check for eight dollars and thirteen cents, but it was made out to some dude named Zublatmadar Hagrodimorg Polagibarbiderg, who according to our records doesnÂ’t even work for the firm. We think he might have been that old guy who used to park his gyro food cart outside of MF Global HQ a couple of years ago. If we can locate him, weÂ’ll be sure to get his eight dollars back to him. Because weÂ’re all about honesty and customer service here at MF Global. Or, well, we used to be. You know, before we went bankrupt. And lost $1.2 billion dollars of our customersÂ’ money.
ItÂ’s gonna get worse before it gets better.
More love for dividend stocks. IÂ’m seeing a lot more interest in dividend stocks as other fixed-income streams dry up.
EuropeÂ’s political class doesn't much like free markets, but thatÂ’s not exactly news to anyone whoÂ’s followed European politics or economics for, oh, the past sixty years or so.
The European political class doesn’t understand markets, and doesn’t like markets. The[y] resent the pressure global financial markets are placing on them, which helps explain why they are lashing out at “London bankers.” (Apparently they have completely forgotten how Britain railed against the “gnomes of Zurich” during Britain’s currency crisis in 1964. What goes around comes around.)
Also:
Southern Europe believes that richer Northern Europe owes them a bailout. Solving the problem requires breaking the entitlement mentality of the weaker members of the EU. Moreover, wage levels in Southern Europe are too high by about 25 percent. Adjusting this problem ever over the long term is going to be extremely painful for the southern economies.
Southern Europe is in for a rude awakening, methinks.
Once again we suck less than everyone else! USA! USA! USA!
Without growth, the countries of the Eurozone canÂ’t even begin to solve their economic problems...but cultural and demographic trends in most of Europe make growth a very dim proposition indeed. Investors are (finally) beginning to question how Europe plans to achieve the kind of growth theyÂ’re going to have to have to pay down their debt. And European leaders are basically just shrugging uncomfortably, because they havenÂ’t got a clue.
I’ve always said that if you must place “economics” (especially macro) among the sciences, then it is properly placed with alchemy, divination, and astrology. It has pretty much the same level of empirical support, and pretty much the same predictive track-record. This is not to say that the study of economics is without value; simply that it should studied more as philosophy or a branch of psychology -- a study that should be explanatory rather than (attempt to be) predictive. I've always thought that economics should be a “why?” as well as a “how?” course of study. That’s why I gravitated towards the Austrian School of economics, I suppose. (I also think that there really is no such thing as "macro" economics, but that's a rant for another day.)
Euro banks need “tons of money”. And I think our interlocutor is speaking the literal truth: European banks need large truckloads of actual money. Maybe the ECB will take pity on them and print up a bunch of Euro notes, you think? (This is a case where a solvency crisis is giving rise to a liquidity crisis rather than the other way around.)
The problem that I have with the “Fed saved our economy” narrative in the wake of the Lehman collapse is this: we have no way of knowing what might have happened had the Fed simply let events unfold. Too many pundits (and most lefties) assert as fact many things that simply cannot be proved. The road not taken is a road forever unknown to the traveler. It’s possible that Fed inaction in the wake of Lehman’s collapse would have led to greater calamity; it’s equally possible that the Fed’s action actually prolonged and worsened the downturn.
The Occutards cost the longshoremen a dayÂ’s pay. Somehow I suspect the unions arenÂ’t feeling much love for their ideological confreres out on the barricades. In fact, I suspect more than a few of them want to work out their frustrations by raising some lumps on some scabrous hippie noggins.
Copying versus creating. Innovation -- R&D, basic research, engineering -- is hard. ItÂ’s expensive. It often has long time-horizons with no guarantee of payoff at the end. And it requires a certain frame of mind: a combination of creativity, empirical knowledge, ambition, drive, and self-confidence. Time will tell if America can still produce sufficient numbers of people with these qualities.
Posted by: Monty at
04:40 AM
| Comments (161)
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Posted by: Cicerokid at December 14, 2011 04:47 AM (uTGQs)
Posted by: Alabaster Jones at December 14, 2011 04:52 AM (spa4d)
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:02 AM (8y9MW)
Posted by: Jehu at December 14, 2011 05:03 AM (wXl2T)
Results. How do we produce them?
Posted by: Fritz at December 14, 2011 05:04 AM (/ZZCn)
Good post - agree that the ECB and Eurozone bureaucrats' solutions to date have been about as effective as Gardening at Night.
And yes, nice to see Boehner and the House - with 10 Dems - call Obama's bluff. Guess those blue dogs still have a little bite. Though come 2012, they'll likely be facing dual headwinds ... http://bit.ly/qVdDUt
Posted by: ombdz at December 14, 2011 05:05 AM (2DpoY)
Posted by: kelley in virginia at December 14, 2011 05:05 AM (bjx73)
And yet, as one put it to me on Sunday, "When it's time to buy something where the quality doesn't matter, and all I'm interested in is the price, I'll swallow my morals and go to Walmart."
I suspect this is true of most liberals- who understand principle only in the abstract.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:05 AM (8y9MW)
gee, I wonder which candidate has the best handle on this aspect of domestic policy.?
Posted by: Vergeltung at December 14, 2011 05:06 AM (jttPx)
This. This. This!
Remember (and use) this phrase: An unprovable assumption unsupported by any empirical evidence.
Posted by: Jeremiad was a Bullfrog at December 14, 2011 05:07 AM (Og1Kk)
I prefer indentured servitude. You can work off your debt.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:08 AM (8y9MW)
Cats and mice sleeping together!
Posted by: Jeremiad was a Bullfrog at December 14, 2011 05:10 AM (Og1Kk)
Oh, America certainly can. The question is "will we?" And to answer that in the affirmative, we have to do things like getting out of the way, ensure the survival of the profit motive, and protect Intellectual Property.
We seem to be a little over-zealous (if anything) about the third, but the first two are rather in doubt.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:11 AM (8y9MW)
Posted by: NC Ref at December 14, 2011 05:13 AM (GrCp5)
And yet, as one put it to me on Sunday, "When it's time to buy something where the quality doesn't matter, and all I'm interested in is the price, I'll swallow my morals and go to Walmart."
I suspect this is true of most liberals- who understand principle only in the abstract.
This is my issue with liberals. Not a one of them has the courage of their convictions.
Concerned about overpopulation? Start closer to home - kill yourself.
Concerned about global warming? The move to a cabin in the woods and freeze to death. And no, you can't burn wood to stay warm, that generates CO2 and removes a CO2 scrubber from the eco-system.
Concerned about the evil that is the modern corporation? Then don't own any of their products. That includes your iPad, iPhone, iMac and your $300 NorthFace parka.
Nope. Instead, liberals want everyone to to do what they want done, while they get a pass.
Posted by: Sean Bannion at December 14, 2011 05:16 AM (sbV1u)
Posted by: NC Ref at December 14, 2011 05:17 AM (GrCp5)
It also doesn't help that they keep making them "pretty." The Fed wants people to use them, but people want to collect them instead (not sure why, but there you go). If they made them ugly and silver like they had always been, they might have worked.
There's also the fact that dollar coins are harder to use than dollar bills. Every time a new dollar coin is issued, vending machines have to be re-built (or have a part retro-fit) to accept them. When they change the design of a bill (the $5 and $10, mostly) they just need a firmware update. Much cheaper and easier.
Given that people don't use dollars for vending machines all the time, you still don't want to limit the manner in which you can use any cash money you're carrying. Money I can't use may as well not be money.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:17 AM (8y9MW)
On the potential-personal-doom front, I've seen at least 3 houses in our 25 year old development with "foundation problem" trucks doing work on them.
I'm sure the cracks in our driveway and floor aren't signs of any serious problems.
Yep, I'm just going to put my head in this here sand and be sure about that.
Posted by: Mama AJ at December 14, 2011 05:21 AM (XdlcF)
That's because they're not "convictions" at all. They're poorly thought out, pseudo-ideas that are mostly emotion. It's their "feelings." And they don't want convictions, because that might lead to the greatest sin of all: "intolerance."
Which, apparently, they get a pass on when they're being intolerant of those icky conservatives and/or Christians.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:21 AM (8y9MW)
Posted by: Jehu at December 14, 2011 05:22 AM (wXl2T)
Foundation problems suck. Our neighbor has a faulty foundation (the house was built with one, no less, but she wouldn't do what was necessary to get it fixed under the home's warranty), and the back half of her house is more or less falling off.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:23 AM (8y9MW)
Posted by: Empire of Jeff at December 14, 2011 05:24 AM (XE2Oo)
Posted by: blaster at December 14, 2011 05:25 AM (Fw2Gg)
Posted by: Gregory of Yardale at December 14, 2011 05:26 AM (AQD6a)
Not a one of them has the courage of their convictions.
Yeh, it's about pushing their guilt onto other people.
Posted by: Mama AJ at December 14, 2011 05:26 AM (XdlcF)
Posted by: Alabaster Jones at December 14, 2011 05:26 AM (spa4d)
Posted by: blaster at December 14, 2011 05:29 AM (Fw2Gg)
Posted by: Empire of Jeff at December 14, 2011 05:29 AM (XE2Oo)
As long as they leave us out of it this time, I'm okay with that.
However, they won't, so I'm really hoping they get their crap together. I'd rather not have to enforce a Pax Americana.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:29 AM (8y9MW)
Posted by: Alabaster Jones at December 14, 2011 05:29 AM (spa4d)
Yeh, it's about pushing their guilt onto other people.
Remember folks, vote Democrat, it's easier than thinking.
You have a point with the guilt thing, but if you're a guy it's also because they think being a liberal is a free pass to the hot chicks in the PoliSci Department - who are air heads.
Personally, the conservative chicks were always hotter. Gimme a woman mechanical engineer or computer science major anyday. Smart is sexy.
Posted by: Sean Bannion at December 14, 2011 05:31 AM (sbV1u)
The summer was hard on everything and everyone here. No rain and 62 days over 100 (average was 6 days).
In a place that usually gets tons of rain...
They are small cracks. And just a few.
Posted by: Mama AJ, typing with her head under the desk at December 14, 2011 05:31 AM (XdlcF)
I was a gaming machine manufacturer for about ten years (video poker, slots and blackjacks), during the push for the dollar coins. Re-fitting the vending machines isn't that big a deal, its just a matter of a new coin mech. Upgrading bill acceptors with the new chip or program cost about the same in terms of parts and labor. Either way, you've got to service the unit.
If the public was going to make the transition to dollar coins and realize the tremendous savings, it was only going to happen by removing the dollar bill from circulation. Once again, a half-ass measure failed. Go figure.
Posted by: NC Ref at December 14, 2011 05:31 AM (GrCp5)
Now, explain to me again about this 'electability' thing...?
Posted by: DarkLord© for Prez! at December 14, 2011 05:32 AM (GBXon)
PROBLEM STATUS: RESOLVED
Yeh, you get it. Can I get some sort of crisis management position in your upcoming regime?
Posted by: Mama AJ at December 14, 2011 05:33 AM (XdlcF)
Posted by: Burn the Witch at December 14, 2011 05:33 AM (rX1N2)
I'm voting for Santorum.
Posted by: Gregory of Yardale at December 14, 2011 05:34 AM (AQD6a)
There is no “fair” outcome possible at this point. No matter what happens, someone is going to get cheated.
Yup. At this point we are only arguing over who gets the lube and who gets the sand. We are all The Chicken.
So what you're saying is no going back to having debtor prisons?
Actually, we sort of are. Oh, it's not being called debtor's prison but people are going to jail for contempt of court for violating orders requiring payment of debts. Effectively, it's debtor's prison. That's not even going into the fact that there is actualfax debtor's prison for those who don't pay child support.
And yet, as one put it to me on Sunday, "When it's time to buy something where the quality doesn't matter, and all I'm interested in is the price, I'll swallow my morals and go to Walmart."
Yeah, this is roughly akin to how I have a sneaking suspicion that my Strong Moral Stance that I won't buy Skyrim for PC due to the enforced use of Steam will suddenly become pragmatic acceptance of Steam right around the time Skyrim hits the $25-30 price point.
Posted by: alexthechick at December 14, 2011 05:34 AM (VtjlW)
make the coins out of specie (gold or silver) and theyÂ’d sell like the wind
I agree that the dollar coin, as executed, is dumb (they should have made it a standard size/weight that did NOT closely resemble a quarter). But when it comes to making them out of precious metal, that would make a bad idea far worse. We will never ever go back to hard money - making moves in that direction will do nothing but drive the cost of those metals up yet further. I don't want the government getting into the commodities business any further than it already has.
Posted by: Reactionary at December 14, 2011 05:36 AM (xUM1Q)
Posted by: Joffen at December 14, 2011 05:36 AM (zLeKL)
Posted by: blaster at December 14, 2011 05:36 AM (Fw2Gg)
Was flipping around channels last night, and Judge Nap had a Euro-guy on there....a conservative member of the Euro parliament.....who said that most Americans don't know that Obama has been putting money into the DC IMF fund and flowing it into Europe. .....So that the US is now holding 18% of [worthless] Euro-debt.
He was right....I didn't know that.
Posted by: wheatie.....aka ConservativeMenAreJustHotter at December 14, 2011 05:36 AM (HvKWW)
XBox 360. For all your gaming needs.
Also, you can get a Kinect, which is pretty fun.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:37 AM (8y9MW)
Posted by: Jehu at December 14, 2011 05:38 AM (wXl2T)
Posted by: dagny at December 14, 2011 05:38 AM (tb5pQ)
Posted by: Joffen at December 14, 2011 05:39 AM (zLeKL)
it's also because they think being a liberal is a free pass to the hot chicks in the PoliSci Department - who are air heads.
You know, as someone with a polisci background, I would like to defend against this scurrilous charge. Really. I would.
Look! A unicorn!
On the polisci/econ as philosophy tangent, I've always considered economics to be philosophy with a minor overlay of empirical evidence. It's theory. Now, it may have more real world application than my discussion of the best political system for Alextopia (it's rule by whim btw) but it's still theory at heart.
Posted by: alexthechick at December 14, 2011 05:40 AM (VtjlW)
I'm interested because it's in manufacturing (would love to leave banking behind forever).
They need folks who know Microsoft's ERP system and its X++ language but cannot get any of the tiny pool that know it to consider a move to the area.
C# guys can learn it but they're finding that most who make the cut to come and visit decide the thought of having to go out on the shop floor occasionally "icky".
Personally I think I'd love it. I'm mesmerized by the show "How It's Made". I am very DIY oriented so getting a little dirty doesn't bother me.
Recruiter says their pay range will match my current salary.
So next step is a phone interview.
I'm absolutely petrified at the thought of relocating though. I've never relocated for a job before.
Posted by: Scott J at December 14, 2011 05:41 AM (KC2BE)
Posted by: Alabaster Jones at December 14, 2011 05:42 AM (spa4d)
XBox 360. For all your gaming needs.
Also, you can get a Kinect, which is pretty fun.
I've got an xbox and a ps3 but I want Skyrim for the PC because that's something I can muck about with while watching college basketball which is a bit harder to do when using a console without setting up a multi tv system in the living room.
I am going to get a Kinect though.
Posted by: alexthechick at December 14, 2011 05:42 AM (VtjlW)
We knew (I say again: knew) this is where he comes from. He believes in Big Government. When you get down to it, what he believes in is Organization or Hierarchy. So of course he admires people (for their positions and power) like Andy Stern- even if he disagrees with them politically.
That's why he shared the couch with Pelosi: he believes that Government is the Answer.
The problem is: So does Mitt. He proved that's how he sees thing in MA.
Is Newt an idiot? Yes. Mitt is a bigger one.
I'm still voting Perry, if I have the chance. But if he's off the ballot, or Newt needs to win TX to prevent a Mitt candidacy, I'll go with Newt.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:42 AM (8y9MW)
Ah. I understand.
I want Skyrim for the XBox so I can go play in fantasy land and ignore the fact the world exists for an hour or two at a time. Also watching TV would kind of break that bubble.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 05:45 AM (8y9MW)
Posted by: Scott J at December 14, 2011 09:41 AM (KC2BE)
Good luck Scott, and welcome to the Carolinas. I'm a big "How Its Made" fan too. I really enjoyed the work I did when I was making coin-op machines, more so than just about anything else I've done. Except for what I'm doing now. Taking raw materials and/or components and producing finished goods that sell for a profit is where its at.
Posted by: NC Ref at December 14, 2011 05:46 AM (GrCp5)
Posted by: awkward davies at December 14, 2011 05:46 AM (ybe4q)
Posted by: Joffen at December 14, 2011 05:47 AM (zLeKL)
You know, as someone with a polisci background, I would like to defend against this scurrilous charge. Really. I would.
Look! A unicorn!
You're not an airhead, alex. At least your better not be. It completely ruins the stompy boot fantasy.
But you do know of whence I speak. The only major in a modern university where the girls are more dense is....education.
Posted by: Sean Bannion at December 14, 2011 05:47 AM (sbV1u)
Marine clay?
Swamp land after a drought.
So kinda.
My city has a whole section built on marine clay. All those foundations are fucked. It costs some of them 100 thou to get it fixed. My mom, who as an army wife moved 30 times, made me buy on the other less prestigious side of town because of the marine clay. Turned out she was right. As she says, she only knows stuff through experience but the 'tards don't believe in that. They can invent everything new!
Posted by: dagny at December 14, 2011 05:47 AM (tb5pQ)
Posted by: phoenixgirl at December 14, 2011 05:48 AM (Ho2rs)
Posted by: jeanne! at December 14, 2011 05:49 AM (2Xv+g)
Is it hate just to point out things he actually said? That sounds like the Democrats' definition of 'hate.'
Posted by: Gregory of Yardale at December 14, 2011 05:49 AM (AQD6a)
Monty,
Maybe you can put me some info. If the main problem (as I have heard ad infinitum from my government overlords) is that several banks were too big to fail and, therefore, I had to offer up some my skimpy stash of cash. What has been done since 2008 to break them up? As I see it, I ante'd up to buy up toxic assets or improve their loan-to-asset ratios, or whatever and get them over the hump. They banked that money, gave out a bunch of fat cat bonuses, and we're right back where we were and waiting for the next blowup.
Posted by: Dennis at December 14, 2011 05:50 AM (34fj9)
Even though Newt is my distant second choice (Perry being my first), I have a great many reservations about him. I can listen to him talk today and really be drawn in by his oratorical skills, his at-the-ready knowledge of topic x, y or z....yet something within me doesn't trust him. This quote, and other very stupid things he's said over the years leaves me to wonder what it is exactly he does believe. The pi$$er is that Romney is worse when I hear his moderate Republican schtick.
Doom kitteh looks dead.
Posted by: Lady in Black at December 14, 2011 05:51 AM (ycuSb)
Posted by: Joffen at December 14, 2011 05:51 AM (zLeKL)
Posted by: dagny at December 14, 2011 05:51 AM (tb5pQ)
Posted by: VinylMan at December 14, 2011 05:52 AM (qRxfv)
Posted by: phoenixgirl at December 14, 2011 05:52 AM (Ho2rs)
Oh I know. My wife is from North Charleston and the rest of her family still lives there (mom, dad, 3 sisters their S.O.s and kids). Before my kids started school we went for a week twice a year on average. I'd spend the week fishing with pa-in-law.
If I got the job and by some stroke of divine providence could afford a place on one of the lakes up there he'd probably practically move in with us.
Posted by: Scott J at December 14, 2011 05:53 AM (KC2BE)
Sean: You know about the waterfront fight?
Posted by: dagny at December 14, 2011 09:51 AM (tb5pQ)
No. Links?
Posted by: Sean Bannion at December 14, 2011 05:53 AM (sbV1u)
As she says, she only knows stuff through experience but the 'tards don't believe in that.
But, but, wishful thinking is so much better than experience!!
Posted by: Mama AJ at December 14, 2011 05:53 AM (XdlcF)
Regarding the innovation issue, I don't think the US has too much to fear there, yet. There's money in it, so that will always motivate smart folks, and we don't really need that many people trying to innovate. In all the world, the only other people who have a prayer of doing any of that work are Europeans and Canadians. The Canadians are even more socialized than we are, the Europe is slo-mo imploding. Eastern cultures are incapable of innovation. No matter how much you educate them, until they learn to think like Western Man, they have no hope. They're stuck at whatever level of technology we leave them at. If those of us who are still part of the Western tradition were to leave the earth for some other planet, we could come back to visit in 100 years and things would be no better, and probably worse.
We corner the market, and will continue to do so.
Posted by: Reactionary at December 14, 2011 05:53 AM (xUM1Q)
Today's method is so much more sterile. Just add a zero at the end of a digital number, and presto! -- $100 billion becomes a trillion.
Oh yeah, I'm soooo impressed with Boehner & co. Yep, they are really sticking it to the man. Let's extend the unemployment bennie once again; hell, let's just make it permanent. Short term fix my ass. Sigh.
Posted by: GnuBreed at December 14, 2011 05:53 AM (ENKCw)
If your ideology is dependent, on willfully surrendering to a group of self appointed humans, your power, money, and authority.
How can you act surprised when predictably behave in their own self interest, by abusing said power, money, and authority?
Posted by: Shiggz - Newt (Warp 7) at December 14, 2011 05:54 AM (RfvTE)
Posted by: Joffen at December 14, 2011 05:54 AM (zLeKL)
Today's musical selections are "For the Kids":
My Advent Calendar of Music – Day #14: The Children's Hour http://t.co/kJY1uy4Y
(No sacred music today, either - be patient!)
Posted by: Teresa in Fort Worth, TX at December 14, 2011 05:55 AM (0xqzf)
I've been sort of slack on landscaping and minor maintenance around the place so I'd probably wind up having to pay folks to come in and take care of all that.
According to the recruiter the company (a tool and die maker) is willing to offer relocation assistance (most likely a lump sum cash).
Posted by: Scott J at December 14, 2011 05:56 AM (KC2BE)
Sean: Here is an old article. The city wants to use eminant domain for more development. They want old town to be washington harbor. Old townies are fighting it. There are newer articles. Citizens are sueing. The libtards are out of control and have decided that they would have more freedom if their whole tax base is business not citizens. They don't want democracy anymore and don't want personal interests involved in the city. Corruption abounds. We're in the middle of it.
http://tinyurl.com/6m2gdwl
Posted by: dagny at December 14, 2011 05:59 AM (tb5pQ)
How can you act surprised when predictably behave in their own self interest, by abusing said power, money, and authority?
Posted by: Shiggz - Newt (Warp 7) at December 14, 2011 09:54 AM (RfvTE)
The first sentence is incomplete...
If your ideology is dependent on willfully surrendering to a group of self appointed humans, your power, money, and authority, don't be surprised when they predictably behave in their own self interest, by abusing said power, money, and authority.
Posted by: Tami at December 14, 2011 05:59 AM (X6akg)
Is that why Gringott's bank in Harry Potter is run by the creepy little bastards?
Posted by: Waterhouse at December 14, 2011 05:59 AM (dp+c+)
Posted by: dagny at December 14, 2011 06:01 AM (tb5pQ)
If your ideology is dependent, on willfully surrendering to a group of self appointed humans, your power, money, and authority.
How can you act surprised when predictably behave in their own self interest, by abusing said power, money, and authority?
If your worldview requires someone to rule you, don't be surprised when they do.
Posted by: DarkLord© for Prez! at December 14, 2011 06:02 AM (GBXon)
Posted by: Scott J at December 14, 2011 06:02 AM (KC2BE)
Posted by: Mama AJ, finally an expert at something mentioned in the Doom thread at December 14, 2011 06:02 AM (XdlcF)
Oh give me a break. First off, get your hyperbole meter checked.
Second, deciding that anyone who thinks that Andy Stern might have some admirable qualities- as the leader of the nation's largest labor group- is somehow unworthy is over-the-top.
My point is that we know who Newt is. You don't really get to act surprised that he's a big-government, top-down solution kind of guy.
If you don't like that, fine (I don't like that: thus my vote for Perry), but to say that he's somehow worse than Mitt because of it?
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 06:02 AM (8y9MW)
Posted by: phoenixgirl at December 14, 2011 06:03 AM (Ho2rs)
If your ideology is dependent on willfully surrendering to a group of self appointed humans, your power, money, and authority, don't be surprised when they predictably behave in their own self interest, by abusing said power, money, and authority.
When your ideology requires surrendering your money and authority to elites why are you surprised when they abuse that money and authority to advance their own interests?
Posted by: dagny at December 14, 2011 06:04 AM (tb5pQ)
It ain't fun sometimes, Hire a good mover and watch em like a hawk if you've got enough stuff.
You'll lose things when you move.
Re-connect asap with non-work life, church, club, hobo hunting, etc.
My folks did, Chicago -> Pittsburgh -> Buffalo -> Chicago area
I'm on Pittsburgh -> DC area -> Dallas -> South Jersey -> DC again
Posted by: DaveA at December 14, 2011 06:05 AM (nPNjl)
Posted by: dagny at December 14, 2011 10:01 AM (tb5pQ)
Really. I grew up in Alexandria. Thanks for the link to the waterfront fight. Too many libs inside the beltway.
Posted by: NC Ref at December 14, 2011 06:06 AM (GrCp5)
You're not an airhead, alex. At least your better not be. It completely ruins the stompy boot fantasy.
Ahh, thanks, though I'm certain Amish will be more than happy to explain to you that I am stupid. I like to think that I'm reasonably intelligent. This is generally immediately followed by my walking into a wall.
ScottJ, moving down to NC was one of the best decisions I've made. My brother is in Charleston, SC and he loves it down there.
Posted by: alexthechick at December 14, 2011 06:06 AM (VtjlW)
I'm interested because it's in manufacturing (would love to leave banking behind forever).
I'm absolutely petrified at the thought of relocating though. I've never relocated for a job before.
Posted by: Scott J at December 14, 2011 09:41 AM (KC2BE)
Manufacturing gigs are great, IMHO; I'm looking to get back into one myself. My first five years out of school were spent at a manufacturing plant in Camden, SC. Didn't like the summer heat and humidity, but the people and the location were great. I'm considering returning, when I "retire", to the upstate region around Clemson / Greenville / Spartanburg.
As for relocation, I've done it three times, but always within the same firm. If they hire you, the new firm may be able to provide assistance. It's much easier if you are currently renting your home, though.
The real plus to all this is that you'll be just a short hop across the state away from Vic...
Posted by: Jeremiad was a Bullfrog at December 14, 2011 06:07 AM (Og1Kk)
The libtards are out of control and have decided that they would have more freedom if their whole tax base is business not citizens.
Posted by: dagny at December 14, 2011 09:59 AM (tb5pQ)
I did hear about this. I thought that in your post "fight" meant "riot."
All this is hilarious since Alexandria is notoriously unfriendly to business. Well, small business anyway. They do seem to have a preference for large businesses from which they can extract large amounts of tax dollars. Which are then used to prop up services that the city really has no business providing in the first place.
This is sort of funny since it's the folks in Old Town who are usually anti-business.
I wonder if this will finally make Republicans out of Old Townies.
...
Naaaaah, that's just crazy talk.
Posted by: Sean Bannion at December 14, 2011 06:07 AM (sbV1u)
Posted by: Joffen at December 14, 2011 06:09 AM (zLeKL)
I'm absolutely petrified at the thought of relocating though. I've never relocated for a job before.
Posted by: Scott J at December 14, 2011 09:41 AM (KC2BE)
Let's see....St. Louis > Champaign/Urbana > Chicago > Singapore > Hong Kong > Connecticut.
(And a several moves within some of those places.)
Cardboard now gives me the shakes.
Posted by: Tami at December 14, 2011 06:09 AM (X6akg)
Yeah, I figure a big chunk of the relo money would go to storage unit(s).
My plan would be to go get me a rental at the new place. It's a 5 hour drive roughly from home.
I'd have SWMBO get to packing and I'd just come back each weekend and haul a load until we're down to the minimum needed in the house.
Then once the place sells do the final move with a U-haul. Then start looking to buy in the new place.
Re-connect asap with non-work life, church, club, hobo hunting, etc.
Yeah, leaving my current Church and the friends therein would probably be the hardest part. I already checked out where the nearest IDPA ranges are
Posted by: Scott J at December 14, 2011 06:09 AM (KC2BE)
If your ideology is dependent on willfully surrendering to a group of self appointed humans, your power, money, and authority, don't be surprised when they predictably behave in their own self interest, by abusing said power, money, and authority.
Never be surprised when people you give power to use it to enslave you. Why do you think they wanted it in the first place?Posted by: Gregory of Yardale at December 14, 2011 06:12 AM (AQD6a)
I've known several people (mostly friends while I was in high school) who worked there, and they never had a problem. I know that Walmart is supposed to be really good about promoting from within, and their tuition assistance is supposed to be really good.
The problem liberals have with Walmart is they think they're a "bully." And, in some respects, they kind of are (I worked for a company who provided them some admin services). The thing is, with the right of free association, no one is required to work for or with Walmart at all. So if they were really that bad, no one would.
They just happen to know they're the 800 lb gorilla, and they're not terribly shy about letting you know that, too.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 06:12 AM (8y9MW)
Or, was it a Massachusetts' Liberal idea, shoved down his throat by Massachusetts' Liberal voters?
Isn't that Ted Kennedy's state?.. Isn't that Barney Frank's state?
Let's not let critical thinking get in the way.
Posted by: franksalterego at December 14, 2011 06:13 AM (9XykO)
If your ideology is dependent on willfully surrendering to a group of self appointed humans, your power, money, and authority, don't be surprised when they predictably behave in their own self interest, by abusing said power, money, and authority.
Liberty, once surrendered, is often subverted, and always difficult to regain.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 06:14 AM (8y9MW)
Really. I grew up in Alexandria. Thanks for the link to the waterfront fight. Too many libs inside the beltway.
Posted by: NC Ref at December 14, 2011 10:06 AM (GrCp5)
0-2 Ft Belvoir
2-3 Front Royal
3-7 Fairfax
7-12 Ft Bragg
12-18 Alexandria
18-23 Durham
23-present Alexandria
A friend told us that he mentioned our name to some alexandria democrat operatives at a party. He said he would have gotten a better reception if he had shit in the punch bowl. How awesome is that?
Posted by: dagny at December 14, 2011 06:16 AM (tb5pQ)
In the end, these jackasses want UN supervised elections in this country which means ultimately, a UN supervised democracy with all of the bullshit, Marxist loving, Islam justifying bullshit that goes along with that.
They want an end to the sovereignty of nations and the beginning of the sovereignty of the planet.
Posted by: Hussein the Plumber at December 14, 2011 06:16 AM (jx2j9)
If your ideology is dependent on willfully surrendering to a group of self appointed humans, your power, money, and authority, don't be surprised when they predictably behave in their own self interest, by abusing said power, money, and authority.
Go play in traffic you fucking marxist scrunt.Posted by: dagny at December 14, 2011 06:17 AM (tb5pQ)
Posted by: Mr_UNIVAC at December 14, 2011 06:17 AM (YQqq9)
Isn't that Ted Kennedy's state?.. Isn't that Barney Frank's state?
Didn't he voluntarily run for Governor? Didn't he claim to the voters of Massachusetts that he was a "Moderate, with Progressive Ideas?" Didn't he say (just about 18 months ago, or so, I think) that "I like mandates. Mandates work?"
Didn't he sign the bill?
Let's not let facts get in the way.
As for "Isn't that Ted Kennedy's state?" I've been pointing that out all along. Mitt Romney is liberal enough that he was elected in a state wide election (just like a Senator) in the state of Ted Kennedy and John Kerry.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 06:17 AM (8y9MW)
Posted by: Mr Pink at December 14, 2011 06:18 AM (YfCfZ)
Posted by: mike at December 14, 2011 06:19 AM (0hdwM)
ScottJ, moving down to NC was one of the best decisions I've made. My brother is in Charleston, SC and he loves it down there.
Posted by: alexthechick at December 14, 2011 10:06 AM (VtjlW)
But Scranton (drink) is the hometown of Joe Biden!Posted by: Ed Anger - Certified Kos Kid at December 14, 2011 06:20 AM (7+pP9)
One can only imagine the context of the entire paragraphs.
Posted by: jwb7605 at December 14, 2011 06:20 AM (+KHIt)
Posted by: DarkLord© for Prez! at December 14, 2011 06:22 AM (GBXon)
Yeah. I think Dagny summed it up quite nicely.
Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at December 14, 2011 06:23 AM (8y9MW)
Posted by: dagny at December 14, 2011 06:25 AM (tb5pQ)
If your ideology is dependent on willfully surrendering to a group of self appointed humans, your power, money, and authority, don't be surprised when they predictably behave in their own self interest, by abusing said power, money, and authority.
I'm not in favor of willfully surrendering at all (I'm in the 48% minority).
I'm unsurprised that they're abusing money, power, and authority.
Posted by: jwb7605 at December 14, 2011 06:28 AM (+KHIt)
Posted by: dagny at December 14, 2011 06:29 AM (tb5pQ)
Skipping the side quests in an open world Bethesda game like morrowind-oblivion-fallout3-skyrim... is like skipping the foreplay and sex and going right back to not getting any. Or reading the last chapter of some magnum opus.
Nobody does that stuff better then them.
Posted by: Shiggz - Newt (Warp 7) at December 14, 2011 06:29 AM (RfvTE)
alexthechick, what part of NC?
Northwest. It's still shocking to me how an enormous constant background worry about what the weather will be like and can I get up my driveway and do I have enough caffeine and val u rite if the ice storm hits is just poof gone. I didn't realize how stressful that was until it went away.
But Scranton (drink) is the hometown of Joe Biden!
You know, whenever anyone brings up the waffles, it makes me mis The Glider.
Posted by: alexthechick at December 14, 2011 06:30 AM (VtjlW)
Posted by: Jeff W. at December 14, 2011 06:30 AM (97Rlt)
Though admittedly, I'd phrase the Dagny Corollary as a kick to the groin.
Posted by: DarkLord© for Prez! at December 14, 2011 06:30 AM (GBXon)
Oh. My bad. Should'a read the (probably preceding) fine print.
That's what I get for just seeing bolded italicized text.
That's what you get for leaving a confusing reply.
I WIN!
Posted by: jwb7605 at December 14, 2011 06:33 AM (+KHIt)
Posted by: Jehu at December 14, 2011 06:35 AM (wXl2T)
Never.
Again.
Longest 8 months of my life.
Posted by: Scott J at December 14, 2011 06:36 AM (KC2BE)
131 Or my old one that got picked up by instapundit:
SEEN ON FACEBOOK: “The social contract exists so that everyone doesn’t have to squat in the dust holding a spear to protect his woman and his meat all day every day. It does not exist so that the government can take your spear, your meat, and your woman because it knows better what to do with them.”
UPDATE: Ah, itÂ’s from commenter Dagny at AceÂ’s place.
Posted by: dagny at December 14, 2011 06:37 AM (tb5pQ)
Northwest. alexthechick at December 14, 2011 10:30 AM (VtjlW)
Hmm. So not too far from the Clemson area then. I might could meet you and the legendary stompy boots.Posted by: Scott J at December 14, 2011 06:39 AM (KC2BE)
Posted by: DarkLord© for Prez! at December 14, 2011 06:40 AM (GBXon)
Posted by: dagny at December 14, 2011 06:42 AM (tb5pQ)
Monty, Why in the hell do you link to that screeching retard Farrell? He is Krugman on steroids, and I can' help but want to punch someone in the throat everytime I read his insane drivel. Yes, he projects the correct probable outcomes, then builds a causation stream backwards weaving in every socialist narrative while absolutely ignoring the actual structural problem.
These progressive nuts know the end is coming, and they likely know the reasons, but they try and construct a narrative that fits their retarded philosophy.
Posted by: Alamo at December 14, 2011 06:42 AM (m/tN9)
-I would rather Obama and all those abusing the rest of us through government largess be scared.
-I don't think a guy who seems quite happy with his family and literally has a multi-hundred milllion dollars in the bank but who fails what is functionally a popularity contest/job interview can ever be that afraid of "losing."
Losing Mitt Romney style would be a massive upgrade for me.
Posted by: Shiggz - Newt (Warp 7) at December 14, 2011 06:45 AM (RfvTE)
With the highest marginal tax rates spiking to between 60% and 90% during FDR's term, the Democrats had already squeezed "the rich" as much as they could be squeezed, their only viable source of taxes left was the lower and middle classes whom they hammered with a bevy of various sin and excise taxes.
Were it not for a concurrent general demographic shift towards higher paying urban factory jobs to support the war effort, FDR's massive taxing regime would have been far more painful to the masses that it seemed. War inflated wages essentially muted the pain.
Posted by: Purple Avenger at December 14, 2011 06:49 AM (X7pCb)
Posted by: dagny at December 14, 2011 10:16 AM (tb5pQ)
No way, Durham? Small world, that's where I am now. But I never knew how many conservatives there were out there until I moved to flyover country. I went to school in Alexandria with Jim Moran's daughter, who is now probably just another one of those communist Democrat operatives.
Posted by: NC Ref at December 14, 2011 06:50 AM (GrCp5)
143 Moran's daughter? UGH. God, I hate that freak.
I was in Durham for Duke so I really never left campus. It was pretty sketchy in the early 80s as in not safe to go into.
Posted by: dagny at December 14, 2011 06:55 AM (tb5pQ)
Posted by: NC Ref at December 14, 2011 06:58 AM (GrCp5)
145 Well, I took the young democrat bus (there was no republican one) to vote for Jesse Helms and Ronald Reagan. I came out MORE conservative not less--probably because I'm naturally oppositional (which I have to remember with my kids--they are too). My dead brother's wife and kids live in Cary and my mom lived there for 20 years and is back up here now.
It's weird, I picked Duke because it wasn't as lib as Princeton et al in 1981. Now, it's worse.
Posted by: dagny at December 14, 2011 07:05 AM (tb5pQ)
Posted by: DaveinNC at December 14, 2011 07:11 AM (boNGU)
Posted by: NC Ref at December 14, 2011 07:38 AM (GrCp5)
Posted by: dagny at December 14, 2011 07:43 AM (tb5pQ)
For years I have paid in to these asinine programs and NOW they are going to tell me I get nothing? No. We should just end both programs completely if that is going to be the case. Give back whatever money they can and forget them.
Posted by: Ken Royall at December 14, 2011 08:00 AM (9zzk+)
Posted by: RushBabe at December 14, 2011 08:04 AM (tQHzJ)
Posted by: Hamilton Burger at December 14, 2011 08:18 AM (zFMCq)
Posted by: Advo at December 14, 2011 08:25 AM (7vbG1)
Screwing the well off always plays well to the masses and will be an irresistible temptation to even fairly conservative Republicans with their backs firmly against a wall facing a budget meltdown they have no other answer for.
For about 20 years now I've felt we'd eventually see SS and Medicare means tested because there won't be any other politically viable solution. There simply aren't enough well off voters to stop it.
Posted by: Purple Avenger at December 14, 2011 08:47 AM (ZS2uo)
11 The problem that I have with the “Fed saved our economy” narrative in the wake of the Lehman collapse is this: we have no way of knowing what might have happened had the Fed simply let events unfold. Too many pundits (and most lefties) assert as fact many things that simply cannot be proved. The road not taken is a road forever unknown to the traveler. It’s possible that Fed inaction in the wake of Lehman’s collapse would have led to greater calamity; it’s equally possible that the Fed’s action actually prolonged and worsened the downturn.
This. This. This!
Vergeltung makes an excellent point re the unknowable counterfactual case. In addition to not knowing whether Fed inaction would have aggravated or mitigated the calamity, we also don't know the longer term implications. Even if inaction had exacerbated the short term problem, perhaps it would have dissuaded future shitheads from doing the same thing as Lehman Brothers, and thereby in the long run had a beneficial effect.
Posted by: Jay Guevara at December 14, 2011 08:55 AM (DWGuv)
That is the 'moral hazard' that many on the Right ignored in joining the chorus of 'Do Something! Do Something!'
Medved, who used to decry that mode of politics, had thrown in with the alarmists and still defends TARP to this day apparently ignoring the info that has to be wrangled out of the Treasury. $7.7 trillion pledged to prop up banks? Hundreds of billions lent to foreign banks? It's fucking annoying to have erstwhile Righties lend support to fucking Statists.
Posted by: weft cut-loop at December 14, 2011 09:05 AM (mIucK)
Hundreds of billions lent gifted to foreign banks.
There's a better chance of an Ori takeover of the Milky Way than ever seeing that money again.
Posted by: Purple Avenger at December 14, 2011 09:16 AM (ZS2uo)
Posted by: Merovign, Dark Lord of Cognitive Dissonance at December 14, 2011 10:03 AM (bxiXv)
Yes, Monty, no more Farrell links, please. My screen started to melt in disgust from all the stupid.
Posted by: Arms Merchant at December 14, 2011 10:50 AM (kPT11)
I am not clear if I totally understand the full thought pattern behind this.
Posted by: Alexander Girard ebook at December 14, 2011 05:00 PM (JLm0C)
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Posted by: Velvet Ambition at December 14, 2011 04:47 AM (mFxQX)