Friday, August 12, 2011

Care About America? Buy American

Apparently, ABC News and Diane Sawyer have keyed in on the idea that one of America's biggest problems is that Americans don't buy products made in America .... and, of course, America doesn't make enough products. In a recent report, Sawyer explained that if Americans simply focused on making sure that they shifted their spending by $20 week to specifically buy American products, the result would lead to the creation of hundreds of thousands of jobs. Certainly, choosing to buy American is not a bad idea. And, it's not that difficult.

I tend to agree with this sentiment. That's why I have never owned one of them "foreign" cars. Every car I've bought from the time I was sixteen has been a Ford, Chevy, or GMC. And, of course, I hear a lot of the flak from other consumers about the superior quality of German or Japanese cars - but I don't buy it. And, don't try to explain that your Honda Civic was "made in America." If it's not an Ford, Chevy, or GM, then the profits are going abroad, and it's not helping the American economy. I apply the same logic to food purchases as often as I can. When my family goes out, we often do so in my own town. When I fill my tank, it is always in Greenwood Village. Whenever I can buy produce at a farmers market, I do so. It helps the local economy - and the local tax base.

Thus, my conclusion is that if any American voter out there is truly concerned about the state of our economy or debt or deficit or unemployment, then he should make a concerted effort to by American and buy all natural and local whenever he can.



Scarborough Tells It Like It Is

Whenever people wonder how I can claim to be a conservative - or how I could vote for the GOP - I could simply point to someone like Joe Scarborough. The amicable, pragmatic, and wise host of the show Morning Joe is precisely the type of moderate conservative that I support - and he represents the GOP I used to believe in. If Joe Scarborough were running for office in my district, I'd campaign for him, and if he were running for President, I'd feel great about the future. Joe Scarborough is quite simply a pragmatic and rational conservative who puts the American people above politics. He did it in Congress, and he continues to promote that view as a commentator. And he's got moxie to go with his political insight. Here's a little of that Joe Scarborough snap:

"Michele Bachmann's first answer was, I wish the federal government had defaulted. Had defaulted! A week after Americans lost--some of them perhaps lost half of their pensions. Lost half of their 401ks. When trillions of dollars went down the drain with Americans suffering, she said that and got applause, and if anybody thinks that guys like my dad are going to be voting that way...they are out of their mind and they are too stupid not only to prognosticate, they are too stupid to run Slurpee machines in Des Moines...Michele Bachmann is a joke. She is a joke. Her answer is a joke. Her candidacy is a joke...Iowa, if you let her win, you prove your irrelevance once again."

Tell it like it is, Joe.

Thursday, August 11, 2011

Sit-com Community is a Great Find

Last spring two freshman boys in my Honors English 9 class recommended that I watch the new sitcom Community which recently finished its second season. As I don't generally watch much prime-time television - and I find most sitcoms these days mind-numbingly bland - I was unfamiliar with the show. However, the boys insisted that I would like it. Their argument centered around how much each episode derives from allusions to contemporary pop culture - especially from the 1980s. Because I was impressed with my students understanding of allusion - and awareness of it in this show - I recently rented the first season. And, I was not disappointed.

Community represents all that can be great about television and specifically about the sitcom. The premise of the show is a study group from an introductory Spanish class at a community college which seems to be somewhere in California. The group consists of six community college students - but the initial focus was on lead character Jeff Winger - who is a disbarred lawyer returning to college for a degree after his initial bachelor's was discovered to be falsified. Jeff - incredibly smart, witty, and superficially jaded but with a heart of gold - forms the study group in order to get in the pants of tough girl Britta Perry. The rest of the group coalesces out of random associations - and the dysfunction is hilarious. Without getting into story lines, suffice it to say, each episode brings a new challenge for the group that starts small but eventually envelops all characters and their unique situations.

It's been a while since I've seen a show this intelligent and wacky at the same time - reminds me of early Scrubs or early Spin City. And the allusions which were mentioned by my students are the key to the brilliance. This satire of contemporary American pop culture, viewed through the lens of the the industry that has grown out of higher education, is insightful social commentary - and it's probably one of the best shows on TV right now.

Check it out.


Tuesday, August 9, 2011

S&P Blames GOP

Interesting insight in a quote from the S&P Ratings Board on why they downgraded US Treasury debt - "Compared with previous projections, our revised base scenario now assumes the 2001/03 tax cuts, due to expire, now remain in place. We have changed our assumptions because the majority of Republicans in Congress continue to resist any measure that would raise revenue."

Strangely, that hasn't been getting much press. I would have guessed the liberal media would have heavily promoted that. And, it looks like a moot point anyway, because in the sell-off investors continued to go to T-bills, even though other countries still have AAA-ratings. Guess we still are the big dog. At least the market got up today and regained some sanity. Overall, the Dow has way too much influence on our psyche anyway. Even as the market moves along - fast or slow - wild swings in daily trading bring about talk of doom and gloom. And even as the Dow was rising the last two years and companies were posting record profits - which in turn drove up their stock prices - unemployment and the misery index remained high.

Thus, I am curious the proposal to put a minor - like .0025% - tax on stock transactions? Some are proposing it as a way to cut down on speculation and the wild swings in the market. It could raise some revenue at the same time it regulates the uncertainty. Ultimately, it'll be a no-go - but it's a reasonable idea.


Friday, August 5, 2011

T-Bills and the "Full Faith and Credit" of the USA

Wow!

How about that market play yesterday and today?

Isn't it fascinating that yesterday, amidst all the hysteria, investors sought refuge in T-Bills ... still ... even when returns went slightly negative for a short time?

Do you think that will convince radical pundits, extreme think tanks, and truly naive congressman to never, ever, ever f*%# around with the "full faith and credit" of the United States government again?

I would certainly hope so - but I doubt it.

Thursday, August 4, 2011

Are Taxes Wrong?

One of my favorite bloggers, Darren at RightOnTheLeftCoast, occasionally posts about how the safety net programs of the US government are not Christian. In this post, which links to an article of similar mindset, he argues it again. If you check the comments, you'll see Darren and I have hashed this out on various occasions, and we simply disagree. However, I am somewhat baffled by his line of thought in some areas.

For example, I am curious about his occasional references to taxes as money "taken forcibly" or under the "threat of violence." This sentiment has been voiced by longtime TeachersView commenter Steven, who opposes all taxes - and pretty much all government - on the basis that it stems from threats of violence and confiscation. In his recent post, Darren says taxes and social programs are "not Christian" and other times he's said taxes, because they are taken against some citizen's wills are "not moral." I am wondering about the issue of taxes and morality.

Of course, Darren argues it's not Christian for the confiscated money to be given to the poor. Is it then also "not Christian" and "immoral" to use that money to inflict violence against other nations and peoples? Is using tax money to fight wars that not all people support wrong? Immoral? Un-Christian? Or are we just picking and choosing what we think is OK to use that "forcibly taken" money?

Darren also wondered what the Pope would say about taxes and social programs in terms of morality and Christianity. The pope has publicly condemned the War on Terror. So, clearly, using taxes to fund that would seemingly be un-Christian - especially since man was called upon by Christ to "turn the other cheek." However, the Pope hasn't publicly condemned "taxes" or "Social Security" or "unemployment compensation" or "food stamps." And, of course, Christ never said that "individuals" should be charitable but governments shouldn't. He made no distinction. I have a hard time believing that Christ would have admonished the Roman government if it had a safety net. He said pay your taxes.

Are taxes, as I believe Darren is arguing, immoral? If so, is by nature the Constitution immoral. For one of the first and primary powers given to the government in the Constitution is the authority to "levy taxes." The people went a step further with an amendment to specifically "levy taxes" on income. Thus, the authority to collect taxes is a founding tenant of the Constitution. And, as I've argued before, Christ had no opposition to taxes. Though he did exhort corrupt tax collectors to not take more than was due.

Just wondering.

Tuesday, August 2, 2011

Artistic License and the Disappointing Harry Potter Conclusion

*SPOILER ALERT*

Movies are rarely - or so rarely to mean never - better than the books. The only two major films that I recall being better than the book from which they are derived are Dances With Wolves and The Godfather. Thus, I had no great hope for a truly masterful final movie in the Harry Potter saga - one which honored and satisfactorily concluded the story. None of the previous films impressed me much - and some, like Goblet of Fire with a strangely aggressive and menacing Dumbledore, really disappointed me. Yet, I went to see the final installment of the Harry Potter and the Deathly Hallows - and I felt somewhat flat afterward.

I just don't understand the artistic license that the screenwriter and directors of the Harry Potter films have taken with the story. Why do they change scenes for seemingly inexplicable reasons? Why do they think they can tell a better story? Why does Rowling agree to such changes. Why? Of course, I understand some of the justifications. Some scenes simply don't translate well onto the screen - some scenes are too expensive or not visual enough. Sometimes directors want just a little more action - and sometimes they just want to make the product their own (even though it isn't).

But what was up with that final battle? How disappointing. Why were Voldemort and Snape in the boathouse (?) instead of the Shrieking Shack? Why wasn't Nagini balled up and protected in the giant orb? What was up with Snape crying his memories into tears? These sort of minor changes just make no sense - and some come across as actually quite stupid.

Why was final battle during the day? And why were Harry and Voldemort fighting outside - and all around - Hogwarts? And what the heck was that flying dive off the tower? What did Harry say - something about "ending as it began?" Whatever. And when Harry and Voldemort both hit the ground, how does it make sense that they crawl and struggle for their wands. Accacio wand, anyone? Voldemort crawls for his wand? Really? What the ...? Ultimately, that final battle between Harry and Voldemort was epic in the book - and as bland as any Tom-Cruise-movie-fight in the film. Boring. Boring. Borrr .....

The final conversation between Harry and Dumbldore was so pivotal and emotional in the book - and it left me quite flat in the movie. Thus, I walked away from the saga feeling a bit let down. And, of course, I haven't watched most of the movies for all the same reason. Yet, I did have hope - and it wasn't terrible. Just not all that great.

I am, of course, a traditionalist and a purist, meaning I don't really like change that much. Especially change for change's sake. I guess it's the conservative in me.

Sunday, July 31, 2011

Borders Closing and the New Economy

The somewhat surprising - and disheartening to book lovers - failure of Borders Books to reorganize and emerge from bankruptcy represents a bellwether of the new economy as a result of the creative destruction that comes from improvements in technology. The failure of this business wasn't about corporate taxes or the national debt or a decline in literacy habits or poor management decisions. It was bound to happen the minute Amazon arrived on the scene - and Congress exempted online retailers from any state taxes where they didn't have a physical presence. Ultimately, brick and mortar retailers face an incredible challenge to compete against companies with much lower cost overhead - or underfoot as the case may be.

The closing of the Borders simply represents a new direction in a new economy that has yet to really define itself. Who knows what the landscape is going to look like as companies like Amazon continue to take more of the retail effort? Who knows where the people who worked at Borders are going to work? Who knows how an entire corporate structure simply vanishes and leaves in its wake a group of people and a pile of assets that must be reapportioned around the economy?

Even now as Congress begins serious discussion of a national solution to the online retail tax issue, the economy is unfolding and redefining itself. It is going to be uncomfortable and confusing and messy, but it is the new face of the retail world.

Thursday, July 28, 2011

Debt Ceiling Referendum

Well, I did my part.

Yesterday I called my senators and congressman and informed them of my desires as a voter in regards to the debt ceiling hike and deficit reduction plans being debated in Congress. At heart, I am worried about a government default and the loss of our AAA-rating - which is probably a lost cause at this point. Thus, like a majority of Americans I simply want a deal done, and I expect that it include a plan for long-term spending cuts. At the same time I am not opposed to revenue increases - though I would prefer them to come through the end of some deductions and subsidies, rather than any rate increases. In fact, the 2001/03 tax cuts will expire next year anyway, so there is no need to do anything with rates right now. The one thing that needs to be done is the debt ceiling needs to be raised - and it should be raised by at least $2 trillion to prevent another crisis just around the corner.

One idea that I proposed to my representatives is that a deal should simply be made to increase the debt ceiling devoid of any other plan. This plan would be intended to simply alleviate the immediate fiscal crisis and then set up the debt ceiling issue as a referendum in 2012. Make next year's election a referendum on the debt ceiling. I am sure President Obama and the Democrats would be willing to accept this deal. And many pragmatic Republicans probably would, too. The problem is GOP members who fear such a compromise in their next primaries. That is really sad. They believe that absolute rigidity on taxes is the only way they can survive challenges from their own party and their own voting base. Reagan would be saddened by such intransigence.

The reality is that the debt ceiling absolutely and unequivocally must be raised, now. And any sort of crisis is being created by people who refuse to accept that reality.


Wednesday, July 27, 2011

Freedom from Pledges

Have to admit I heard a valid point from Bill Mahr the other night.

Politicians who sign pledges are sacrificing the very freedom they tout as the foundation of this country. Thus, the pledge that Grover Norquist and his gang have used to tie the hands of GOP candidates in Congress over taxes has actually stripped them of their freedom to vote their consciences or adapt to each and every unique situation.

Pledges are for wimps who are afraid to stand on their own.

Sunday, July 24, 2011

Debt Ceiling Absurdity

OK, now I am officially nervous about this impasse on raising the debt ceiling.

A majority of Americans in countless polls want debt and deficit reduction. A similar majority want it without cuts to Social Security or Medicare. And a similar majority want the deficit and debt reduction to come from a mix of spending cuts - though where is the question - and, AND, tax increases. Yet, we are at a stalemate because the GOP leadership appears just crazier enough to risk worldwide economic calamity and a staggering unprecedented default on the most trusted debt in the world simply because they won't agree to any, ANY, tax increase. Even a tax increase that is matched three-to-one on spending cuts. A majority of Americans want this as the plan, a majority of Americans simply want the deal done, nearly all interested parties from the Chamber of Commerce to the ratings agencies say this is the only answer. And, yet, the GOP balks.

I am nervous, and this is a damn shame.


Monday, July 18, 2011

Unemployment from Convenience

On a recent trip to the city of Chicago, I encountered two situations which clarified the idea of creative destruction and its role in unemployment. We decided to enjoy a day at the races, so a trip to Arlington Park Race Track was in order. And I realized how long it has been since I went to the track when I ran in to trouble trying to place a bet. The problem? No cashiers.

The clerks at the betting windows have been replaced by computerized machines where you insert some cash and push a few buttons for the bet. And it was actually kind of complicated ... and you get a voucher for any money you don't spend .... and you can't ask any questions or get any feedback on how to make various bets ... and it was a bit disappointing. How many people lost their jobs for the convenience of computerized betting?

The unemployment became more clear on a trip into the city when I visited one the numerous city parking garages. There is not a clerk to be found. And that is quite frustrating when I pulled into the wrong garage and attempted to turn around. The machine wouldn't let me out for less than fourteen dollars .... after turning around thirty seconds after entering the garage. Who are you going to appeal to? No cops, no attendants, no cashiers. I wonder how many city attendants have been laid off.

Of course, that's the nature of creative destruction. And I'm sure these people who formerly had jobs took advantage of their unemployment to return to school for graduate degrees or, better yet, probably went out and started their own businesses.

Now, do I think the race track or city owed these people jobs for life? No. But is this sort of automation part of our problem? Oh yeah.

Thoughts?