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 on: May 26, 2016, 11:00:52 AM 
Started by Crafty_Dog - Last post by ccp
Wow.  Lets keep our fingers crossed:

 on: May 26, 2016, 10:48:38 AM 
Started by Crafty_Dog - Last post by DougMacG
I am studying Bernie Sanders' views on monetary policy.  We need to learn all we can about Bernie and the Bernie phenomenon before it soon ends and becomes even more irrelevant. 

There is a viral Sanders video going around of Bernie ripping Alan Greenspan in about 2003-2004:

This is clipped to make Bernie look good (and angry).  He is taking off on things Greenspan said about the economy being good but it wasn't good then for working people and then-Rep. Bernie let him have it.  We had just come out of the Clinton / 911 recession and they were looking at data prior to the Bush tax cuts fully taking effect.

I take from the context that Greenspan was tempted to raise interest rates as the economy rebounded that were being held artificially low then, like today, and that Bernie wanted them left at near zero.

As stated elsewhere, that means Bernie at least unknowingly favors zero savings, zero new investment, zero productivity growth and zero wage growth.  It also means he favors higher income inequality because the cheap and easy money favors rich who can take advantage of it more than the poor who can't.

Bernie favors the part of the Fed Dual Mission that people here tend to oppose, that the Fed should focus more on employment where it has virtually no effect than on inflation where it has primary control.

That Bernie doesn't get capitalism isn't a shock.

On the other side of it, he is one of the most credible voices against big bank, big corporate, bug government cronyism.  I have always believed there are areas where the far left and the more libertarian, freedom loving, level playing field side can find agreement.

In hindsight, the Fed made a GIANT mistake in the mid-2000s by flooding the economy with money during the bubble years that led to the crash.  Bernie Sanders would have gone further than Greenspan with that catastrophic error.

 on: May 26, 2016, 10:37:27 AM 
Started by Crafty_Dog - Last post by ccp
The weapons systems are too damn expensive.  We have read numerous times how billions goes down the  money hole  .  The projects are always years behind schedule.

The one read they don't work .  I dunno.  The new destroyer ship was just accused of being somewhat unstable at sea.

13 billion aircraft carriers can be sunk with a missile worth in the millions.

As GM reminds us .  The Chinese appear to have the capacity to simply shut our grid down.

We don't even spend the estimate couple of billion to protect much of our electronic infrastructure from an EMP.

I would like to hear more from members of the intelligence and armed services committees in Congress and the Senate.

 on: May 26, 2016, 10:26:55 AM 
Started by Crafty_Dog - Last post by DougMacG
1. Update for Pat who can't resist sneaking a peak at the forum, I now know two people who support Trump.  Pat and my sister-in-law who said she likes Trump and has liked him from the start.  She also liked his TV show which I think is an under-appreciated part of his media experience and appeal.  Her support I think is not directly about issues but about strength of personality to stand up to the elected politicians currently screwing everything up.  The number of people I know supporting Trump could jump to 3 or 4 as I touch with conservative cousins over the summer.  Must of the rest of my family voted for Rubio without much push or pull from me.  Some liked Scott Walker but that choice was gone before we voted here.

2.  The tax problems in the previous post look pretty trivial, disputes totaling 13,000 over many companies dealing with dollars in the trillions.  The tax law is open to interpretation and the IRS is the side wrong plenty often.  Trump cos. could just pay that if they didn't want to dispute it.  Trump is never going to open his private dealings beyond what is leaked or visible from the outside.  Hillary jumped on the bankruptcy aspect, but that charge didn't hurt him in the primaries and isn't new anymore.

3.  What is up with Trump attacking Susana Martinez, Governor of New Mexico?  Woman, Hispanic, head of the Republican Governors Association, re-elected with 57% of the vote in a swing state, get a grip! It looks like loose cannon material but it has to be intentional.  Punishing her for not jumping on board and sending a message to others?  Whatever happened to humbly asking people for their support, politics of the past?

 on: May 26, 2016, 10:23:28 AM 
Started by Crafty_Dog - Last post by ccp
This article looks slightly different.  Notice that at the end of the article the author must point out nothing illegal was done.  And as i predicted the lefts final fall back position: "let the voters decide".   The Post just cannot brin g themselves to call for prosecution and for her to pack her bags.  They just won't do it:

They call her actions "inexcusable".  Well if that is the case then why are they excusing her and leaving it for voters to decide?

 on: May 26, 2016, 10:06:20 AM 
Started by Crafty_Dog - Last post by DougMacG
Nice response.

" compares who is generating more patents. Relevant I suppose, but with the Chinese stealing out trade secrets and ignoring our patent rights to our face, just how significant is that really?"

Within that observation is the fact they are actively conducting cyber warfare against us.  so... we aren't driving our innovation forward at all like we could be while they are catching and passing us in terms of raw size of the economy.  They are more motivated militarily, less restrained and have far more manpower available.  Project that forward and they can have twice the arsenal and fleet based on our last years' technology, while ours at half the size will also be based on last years' technology.

It comes back to a previous point, the constraint they face now seems to be business relations, not fear of President Obama led military response. 

To me, this rivalry isn't about China who has its own problems.  It is about unleashing America's economic growth engine if we don't want others to surpass us economically, technologically, militarily or to simply implode from within.

 on: May 26, 2016, 09:42:00 AM 
Started by Crafty Dog - Last post by Crafty_Dog
I have been on this reservation.  It is a VERY low population density place with no signs of man at all most of the time as one drives along , , , though I did see a drunken Indian (please forgive the stereotype, but it is the fact here) hit and run by a car.  I saw an owl, several coyotes, eagles, and tons of prairie dogs.

Anyway, an IDEAL place for smuggling and given the narcos credo of "Plata o plomo?" (Meaning "silver or lead" i.e. Take the money or we kill you) I can't picture anyone giving the slightest of resistance.

 on: May 26, 2016, 07:09:05 AM 
Started by Crafty_Dog - Last post by G M
Kind of unfair to blame Baltimore crime increase on anything other than the political leadership and the riots.

The Ferguson effect is of course, nationwide, but there are some places worse than others. Baltimore is paticularly bad for the reasons you cite above.

 on: May 26, 2016, 01:18:28 AM 
Started by Crafty_Dog - Last post by Crafty_Dog

 on: May 26, 2016, 12:58:39 AM 
Started by Crafty_Dog - Last post by Crafty_Dog
 shocked shocked shocked shocked shocked shocked shocked shocked shocked

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