Monday, April 30, 2012

As We Celebrate the Death of Bin Laden…HOW BAD IS THE ECONOMY?


Figure 1 (Above)

 Figure 2 (Above)

Figure 3 (Above)

Figure 4 (Above)

 Figure 5 (Above)

 

As We Celebrate the Death of Bin Laden…HOW BAD IS THE ECONOMY?
·       
  •  Overall Unemployment
  •     13 million American remain unemployed (see Figure 1 )
  •     Unemployment rate is 3 points higher than postwar average (See Figure 2) 
  •     Job market continues to bw bad / Unemployment-Insurance claims remai high (See Figure 3)
  • Long-Term Unemployment
  •     Nearly ½  of unemployed are long-term unemployed(>26 wks) (See Figure 4)
  •    Long term unemployment rate today  higher than in any post WWII recession
  •    Average length of long term unemployment: nearly a year
  •   Average length of long term unemployment has not improved since 2010
  •   The longer a person is unemployed, the more their job skills erode and become
       irrelevant, and the harder it is to find a new job
  •   Long term unemployment harms an individual's personal confidence and outlook
  •   Long term unemployment can leasd to "new normal" of a permanent unemployment rate   
      of 8-9%. (This  occurred in Europe in the 1980’s)
     
  • Economic Recovery
  •    We are now in the 3d year of Economic Recovery
  •     But for many Americans there has been NO economic recovery (See Figure 5)
  • As We Celebrate the Death of Bin Laden…CONSIDER the HURT & SUFFERING THAT UNEMPLOYMENT BRINGS…
  • Financial
  •     Poverty
  •     Living in a condition of being in arrears on paying off bills & debts
     
  • Health
  •     Workers Die At Higher Rate Than Average Within 1 Year of Losing Their Jobs
  •      Long term unemployment rate today  higher than in any post WWII recession
  •      Lifetime Earnings Permanently Reduced After Being Unemployed
  •      Even 20 Years Later, Unemployed Die At Higer Rate Than Average
     
  • Impact On the Country
  •     Consumer Demand Falls Precipitously
  •     “Structural Unemployment” Means People Remain Unemployed Even After End Of
         Recessions, i. e., the Jobs Never Come Back (Go Overseas or to Mexico)
As We Celebrate the Death of Bin Laden…WHERE CAN WE LOOK TO FOR HELP ON THE ECONOMY?
  • MAYBE THERE IS NO HELP TO BE HAD (PIMCO)?
  •     This is the “NEW NORMAL”
  •     Get used to it & learn to love 8-9% unemployment
     
  • CONGRESS?
  •     Create and Subsidize  Job-Sharing programs to reduce unemployment (This was
        successfully done in Germany)
  •     However this approach entails more government spending (which is unlikely to pass
        Congress)
  •     This approach will add to inflation
         So:  Expect No Help From Congress

  • THE FEDERAL RESERVE?
  •    More QE (Quantitative Easing, i. e., Print Money)
  •           But QE is likely to cause inflation
          Ben Bernanke is a clever guy and probably will try other tricks, similar to "Operation
          Twist" and other conundrums.
   So: Expect No Help From The Federal Reserve



THE POLICIES OF MITT ROMNEY? (IF HE IS ELECTED PRESIDENT ON NOV. 6, 2012)
Maybe We Can Expect Help from ABO (Anybody But Obama), Why?
  •      Consider what the policies of Obama,  that have got us here, have foisted on the nation:
  •      Increased  the National Debt by $5 Trillion in 3 ½ years (More than the combined debt
         accumulated by all previous Presidents in American history (!)
  •      Has reduce drilling permits on federal lands by 30%. Has Retarded drilling, fracking,
         coal Production, and energy production in the United States
  •      Has wasted enormous taxpayer funds on Wind, Solar, Algea, and other green
         technologies which have not worked, such as Solyndra and others
  •      Has added billions of dollars of regulatory burden on Amercan businesses via Dodd-Frank, EPA,
         SEC, and more.
                And much much more…
 

Wednesday, April 25, 2012

Comparing Israel and Iran on War Making Capability Compared

http://www.aljazeera.com/indepth/features/2012/03/2012326131343853636.html?utm_content=automate&utm_campaign=Trial6&utm_source=NewSocialFlow&utm_term=plustweets&utm_medium=MasterAccount

A look at the comparative strengths of the Iranian and Israeli forces reveals discrepancies in both equipment, capabilities and numbers of enlisted troops.

Iran has a population ten times larger than Israel's, from which to draw its armed forces, but much of its military hardware is of dubious condition - due to the arms embargo in place since in various forms since 1979.

Many Iranian tanks and planes use older technology with varying levels of maintenance and modernity, says David Roberts, deputy director at the Royal United Services Institute (RUSI). The country's most recent major engagement was an almost decade-long war with Iraq in the 1980s, after which Iran has credibly maintained a "no first-strike doctrine" along with a code of "plausible deniability" for irregular military actions.

"In a very general sense, it's no secret or cutting-edge analysis that Israel's military is the best-equipped and best-trained in the whole region," says Roberts. "But some sections of [Iran's military] are battle-tested.". "Then again, it's not Iran's conventional forces which are the concern [for the US and its allies]. The Revolutionary Guards are better-paid and organised [than the rest of Iran's military]," Roberts told Al Jazeera. "Their Quds Force and naval capabilities are a big unknown - especially the asymmetrical way that they would fight with these unusual weapons, in small decentralised units."

Any direct confrontation between Israel and Iran would likely involve long-distance aircraft, air-defence weaponry, small naval craft and ballistic missiles.

   Military data
                              Iran                Israel
Total population     78.9 million     7.5 million
Males 16-49          23    million    1.8 million
Active forces         545,000         187,000
Reserve duty         650,000         565,000

Israel has 176,500 personnel on active service, made up of 133,000 in the army, which includes 107,000 conscripts. The navy has 9,500 sailors on active duty and there are 34,000 in the air force, as well as a total reserve force of 565,000.

Defence budget         $9.2 billion     $13.5 billion

Service is compulsory for most Jewish and Druze citizens starting at 18 years old.

Iran reprotedly has more than 523,000 personnel on active service, comprising 350,000 in the army, including 220,000 conscripts. The Islamic Revolutionary Guard Corps, viewed as the most loyal guardians of the ruling system, has a further 125,000 soldiers.

Young Iranian men are obliged to serve 18 months in the military service when they turn 19 years old, and volunteers begin at 18 years old. A paramilitary volunteer militia, the Basij Forces (literally "Mobilisation of the Oppressed"), takes members from age 15.

There are 18,000 Iranian naval personnel and 30,000 air force personnel, including 12,000 in air defence.

Tanks, subs and planes

The Israeli army has more than 3,000 tanks, reported to include 441 Merkava MkI, 455 Merkava MkII, 454 Merkava MkIII, 175 Merkava MkIV and 206 Centurion models.

Army weaponry
                                       Iran         Israel
Tanks                              1,613     3,501
Towed artillery                 2,010       456
Self-propelled guns             865       620
Multiple rocket systems      200       138
Mortars                           5,000       750
Anti-tank weapons          1,400       900
Anti-aircraft weapons      1,701       200
Logistical vehicles         12,000     7,684

The Israeli military also has, according to Reuters, some 10,484 armoured personnel carriers (APCs) and 5,432 artillery pieces, including 620 motorised and 456 towed pieces.

Iran's military reportedly has 1,613 tanks, including some 100 locally produced Zulfiqar, about 100 ageing British-made Chieftain Mk3 and Mk5 models obtained before the 1979 revolution, alongside 150 US-made M-60A1s - as well as 480 Soviet-designed T-72 tanks and 540 T-54/T-55 models, according to the Reuters news agency.

Tehran also has about 640 APCs, in addition to 8,196 artillery pieces - of which 2,010 are towed and more than 800 are motorised.

The Israeli Air Force established a reputation for its precision during the 1967 Middle East war, but was heavily criticised in the wake of thousands of civilian deaths in the West Bank, Gaza and Lebanon in subsequent decades. It has 460 combat-capable aircraft, with 168 fighters, including 27 Boeing F15A Eagle, seven F15B and 90 F16A Fighting Falcons. The fleet also includes 227 ground attack fighters and 65 attack aircraft, in addition to nine tanker/transport aircraft and 77 other transport aircraft.

Naval power
                                      Iran     Israel
Total navy ships              261     64
Merchant marine              74      10
Major ports/terminals          3      4
Aircraft carriers                  0      0
Destroyers                         3      3
Submarines                      19      3
Frigates                             5      0
Patrol craft                    198    42
Amphibious assault craft  26      0

Israel maintains 81 attack helicopters, including 30 Bell AH-1E/AH-1F Cobra and 30 Boeing AH-64A Apache gunships, as well as 200 transport helicopters. Its air defence capabilities include 48 towed surface-to-air missile launchers (SAM) and 920 guns, as compared with the 279 SAM missiles reportedly held by Iran.

Iran's air force is believed to contain some 336 combat-capable aircraft, including 189 fighter aircraft such as 20 US-made F5B jets, 60 F5E Tiger IIs and Russian-made 35 Mig-29A jets. The force is also understoof to have 108 ground attack aircraft, among them both Iranian and Russian-built craft, many of which were reportedly taken from Iraq. The country's 116 transport aircraft were made in China, Netherlands and the US, among other places. The IRIAF also has 30 Bell 214C maritime reconnaissance helicopters.

Missile power

Iran's approximately 1,000 strategic missiles, believed capable of striking throughout the Gulf and beyond, are reportedly controlled by the Revolutionary Guards, and include around 300 short-range ballistic missiles, including Iranian-made Shahab-1 (Scud-B), Shahab-2 (Scud-C), as well as Tondar-69 (CSS-8).Tehran has also domestically produced Shahab-3 strategic intermediate-range ballistic missiles (IRBM), with a reported range of up to 1,000km, the Ghadr-1 with an estimated 1,600km range and a Shahab-3 variant known as Sajjil-2 with a reported range of up to 2,400km, according to Reuters reports. If true, Israel and much of eastern Europe would be within range.

"All of this is shrouded in mystery and not really transparent," says Bokhari of Stratfor. "We don't have a very good understanding of what Iran can actually do. There is a greater likelihood of Iranian missiles accurately targeting Arab states in the Gulf, but Israel is far away."Bokhari suggests that Iran's power lies in its "ability to disrupt the global economy" and keeping the other side from unleashing a military campaign via "associated costs that are too high ... The issue right now is Iran's asymmetric capabilities, and future nuclear capabilities".

During war games in early January 2012, Iran tested medium-range surface-to-air missiles in the Gulf which were domestically designed and built. The launch coincided with increasing international pressure over the country's atomic programme.

While Iran has denied it is in the process of producing nuclear weapons, Israel is widely believed to have nuclear capability, despite its policy

of "nuclear ambiguity". Delivery means include Jericho-2 intermediate-range ballistic missiles and Jericho-1 short-range missiles. It is believed to have in the range of 200 nuclear warheads that it can launch with intercontinental ballistic missiles (ICBM).

On November 2, 2011, Israel test-fired an ICBM thought to be an upgraded Jericho-3 from the Palmachim base, with a potential payload of 1,000kg and capable of reaching as far as South America or Oceania. The next day, Israel staged a mass civil defence drill simulating a missile attack in the centre of the country.

Despite the conventional military advantage to Israel, Roberts, the security specialist at RUSI, believes that "the Israelis don't have enough planes and enough of the right bombs to significantly set back whatever is going on in Iran ... I don't think it's a very sensible thing to do.

There should be no [illusion] that Israel can unilaterally put an end to the Iranian nuclear programme".

"The one absolute kind of certainty is that, subsequent to a strike, Iran would be guaranteed to be pursuing the bomb vigorously and clandestinely."

Tuesday, April 24, 2012

Obama-Eats-Dog Jokes Just Will Not Die: 34 More Gems from David Burge

Obama-Eats-Dog Jokes Just Will Not Die: 34 More Gems from David Burge

1    Under a spreading chestnut tree / The village smithy stands; / The smith, a mighty man is he, / But Obama ate his f--king dog.

2    O Captain! my Captain! our fearful trip is done; Obama ate a freaking dog.

3    I met a traveller from an antique land / Who said, "Two vast and trunkless legs of stone / Stand in the desert. Obama ate a f--king dog."

4    Half a league half a league, half a league onward / Into the valley of death road the 600 / Then Obama ate a f--king dog

5    No man is an island entire of itself; every man is a piece of the continent, a part of the main; I can't believe Obama at a f--king     dog.

6    Two roads diverged in a yellow wood / And sorry I could not travel both / And be one traveler, long I stood / Obama ate a f--king dog.

7    Bitch, please. #ObamaRestaurantOrders

8    Age 10: Eats dog. Age 33: brags about eating dog in autobiography. Age 44: wins Grammy for audio of self bragging about eating dog.

9    Can we safely say "Age 10 Eats FIRST dog." Who knows when was the LAST time. I haven't seen Bo in a few weeks.

10    Re-Elect the President, Or He'll Eat This Dog #Obama2012

11    Call me Ishmael. Holy F****** S***!!!! Obama ate a F****** DOG!!!! (By Steve Graff)

12    "(Excerpt from Dreams From My Father - By Barack Obama) ""In my younger and more vulnerable years my father gave me some advice that I'v been turning over in my mind ever since. ""DON'T EAT DOGS."""

13    Call me Ishmael. Captain Obama was obsessed with eating a f--king dog. #TheGreatAmerican140CharacterNovel

14    It was a dark and stormy night. Suddenly, Obama ate a f--king dog #TheGreatAmerican140CharacterNovel

15    It was the best of times, it was the worst of times. I can't believe Obama ate a f--cking dog. #TheGreatAmerican140CharacterNovel


16    Forget the cookie bakery, what about that poor cook who slaved over a hot wok only to have Obama call his dog "tough"? #cookiegate

17    Obama's book said he began eating dogs when he was a kid. It never said he stopped. #DogfoodForThough #cookiegate

18    Breaking: consumption of dog linked to ineptitude, uncontrollable spending #sciencenews #cookiegate

19    #cookiegate Romney: ate a chocolate chip. Obama: ran up $5 trillion in debt, after eating a f--king dog.

20    #cookiegate You realize that until Romney mentions eating children, the #ObamaEatsDog thing is not going away.

21    #cookiegate: Romney teased a woman about buying store-made cookies; Obama ate a f--cking dog

22    #cookiegate -- Romney spots a cookie; Obama cooks a Spot

23    #cookiegate Romney: ate cookie. Obama: ate "Cookie."

24    @Late_Night @DailyShow @ColbertReport I thought a president actually eating dog was good comedy material, but hey, you're the pros.

25    If you can't come up with 100 instant jokes about the President of the US eating a dog, you have no business calling yourself a comedian.

26    #ProTips don't want to talk about your dog-eating? Don't bring it up in your autobiography.

27    Any late night comedian who doesn't have at least 5 minutes of Obama-eats-dog material ready is guilty of dereliction of duty.

28    #ObamaDogRecipes tip: to tenderize a good steak, let age a week - or 1 day in human time.

29    Don't forget to spay, neuter and marinate. #ObamaDogRecipes

30    #ObamaDogRecipes I'm pretty sure I have another month of these.

31    At least I don't eat dog. - The Guy Married to Debbie Wasserman-Schultz

32    If you want a friend in Washington, don't eat him.

33    #ObamaDogRecipes I start feeling guilty about adding to this hashtag, but then I think, "hey, at least I don't eat dog."

34    #ObamaDogRecipes "That's right Bo, we're going to the 'park'!"

Monday, April 23, 2012

Obama is Turning America into Europe - Will Anti-Semitism Follow?

Obama is Turning America into Europe - Will Anti-Semitism Follow?

Note the apparently inexorable trend shown in these 2 charts above.

1) The % of GDP spent by Germany, EU, France, and the US is trending towards the same egregiously large and unsustainable number: 42%.

2) The % of population that is employed in the US and the EU is trending towards the same unacceptable unsustainable (for the economy) number: 66%

3) Note that both these undesirable trends accelerated in the Obama years.

Obama's policy of "Spreading the wealth around" in the US, following the European socialistic trends, really amounts to a policy of "Beggar thy neighbor", and really only results in "spreading the economic pain around".

Strong evidence exists, and strong arguments can be made that reason for the disastrous results of the Obama economic policies is that they were all developed by people with no real world experience. Obama's people are all academicians and others who have been supping at the public trough all their lives, and have no real world experience.

Examples: Tim Geithner, Stephen Chew, Austen Goolsbey, Larry7 Summers, Oama himself, whose only experience was as a community organizer, college professor, and state legislator.

Senator Tom Coburn, on Mary Matalin's radio show today, suggested that nobody be allowed to serve in government unless they first accumulated a TBD (to be determined) number of years working in the real world, the real economy. What a concept.

The pernicious Anti-Semitism that is flaring up again today in Europe is an ongoing virulent infection in the body politic of Europe that has been there for over 2000 years and counting. Pogroms and murder of Jews, from Betar, to the Crusades, to Chelminitski, to the Holocaust, to today's anti-Israel manifestations (see Gunther Grass anti-Israel "poem"), has always relied on terrible economic times as their starting flash points.

To date, antisemitism of the European ilk has thankfully never happened in America before, not even during the Great Depression. But when America is inexorably transformed into Europe's, then will America also drink in and be infected with Europe's undying Anti-Semitism?

China and America: Who Owns the Future? - Comparing Pros and Cons of China Relative to America.

China and America: Who Owns the Future? - Comparing Pros and Cons of China Relative to America.

Three Statistics that favor China over America:

1) In 2010 China overtook America in manufactured output, energy use and car sales.

2) China's military spending has been growing in nominal terms by an average of 16% each year for the past 20 years.

3) The IMF predicts that China will overtake America as the world’s largest economy (at purchasing-power parity) in 2017.

Three Statistics that disfavor China relative to America:


1) For past 30 years, China’s total fertility rate (# children a woman can expect to have during her lifetime) fell from 2.6, (well above ZPG, to 1.56, well below ZPG (Zero Population Growth) varies from 2.1 in developed countries to over 3.0 in some developing countries.). China's nationwide fertility rate will continue to decline, reaching 1.51 in 2015-20. NOte: America’s fertility rate is 2.08 and rising.

2) China’s population will fall from current 1.34 billion (2010) to about 1.3 billion in 2050. Note: America’s population is set to rise by 30% in the next 40 years. China’s median age (the age at which half the population is younger, half older) was 22 in 1980. Median age today  is 34.5. Note: America’s median age is, which is 37.  China's median age will rise to 49 by 2050, while America's will rise to 40.

3) 1/3 of third of Shanghai's population will be over 60 by 2020. Today 8.2% of China’s total population is over 65. Note: In America 13% of total population is over 65. By 2050, China’s share will be 26%, higher than in America.

Thursday, April 19, 2012

Top 10 Obama Dog Recipes (The new cottage industry)

 
 1) Chinese Chow Chow Mein

2) Lassie Latkes (Not Kosher)

3) Chicken Poodle Soup (Not Kosher)

4) Chicken Terrier-aki

5) Baked Alaskan Malamute

6) Golden Brown Retriever.

7) Rin Tin Tacos

8) Poodle Streudel

9) Hambeagle Helper

10) "50 Ways to Wok Your Dog", Music: Paul Simon, Lyrics: Dog Whisperer

Needless to say, NONE of the recipes above are kosher. Why?

NOT because of the "Fins and Scales" rule (We are neglecting "Ontogeny Recapitulates Phylogeny" considerations). 

NOT because dogs have only one stomach and no hoof at all (let alone a split hoof!). 

YES, BECAUSE dogs eat their own vomit, and drink from the toilet. These are considered repugnant acts, at least by most people I know. 

Needless to say, there are still plenty of connoisseurs of French Cuisine (Nicholas Sarkozt among them), who happen to love spiced dogmeat garnished with escargot 

NOTE: Extra "Not Kosher" labels have been attached to recipes thought to be really really misleading.



Top 11 "Obama Eats Dog" Jokes, and 2 pics

Top 10 Obama eats dog jokes:
1) "Lassie Come Home"... I'm hungry.
2) "I Eat Local" bumper sticker seen on presidential limo.
3) Obama walks into the Pound, wonders "Where are the plates?"
4) Secret Service says they misunderstood Obama - he sent them out to fetch him some "bitches".
5) Michelle Obama has been comforting Bo all day
6) Blue Dog Caucusserole
7) You elected the 1st half white communist dog eating president. Congrats America!
8) If u were a dog, wouldn't u rather ride with the Romneys than go to dinner at the Obamas?
9) "Did you hear about the dyslexic insomniac omnivore agnostic amnesiac President? He lied awake at night trying to remember if he ate god."
10) "It's time to GROW UP and stop talking Obama eating dog, in his boyhood, during which he ate a dog."  
11) In civilized cultures, people do not eat dogs, cats, other humans, or anchovies.

Monday, April 16, 2012

Size of Tax Increase Coming In 2013 (Due to Expiration Of Bush Tax Cuts)

Without the Bush tax cuts (due to expire on December 31, 2012) we all will be paying more in taxes in 2013. How much more? As a percentage of GDP (which in 2012 totals about $16 Trillion) taxes will go up by 3.5% of GDP. In dollars, the IRS will collect about $0.56 Trillion more in taxes in 2013 than 2012. Since the total income taxes collected in 2012 is about $2.5 Trillion, effectively we will be getting an income tax boost with Obama in 2013 of about 25%, on average. This is, at minimum, the impact Obama's re-election will have on taxes. Romney's tax reform plan for 2013 is estimated to result  in no tax increase, and actually a reduction in taxes, on average. 

Sunday, April 15, 2012

Geithner's Transparent & Immediately Provable Lie About the Econom

Geithner said (Meet The Press 4-15-12) that Obama administrationt policies have proven “remarkably successful,” even though nominal unemployment has been above the 8% mark for 38 straight months, and real unemployment rests somewhere between 11-12%.
Geithner based his statement on a comparing the effectiveness of Obama’s policies versus those of other recoveries since World War II. That this is a lie is attested to by the two chart above, which shows that the current recovery is actually the worst of all recoveries since World War II.

Chart 1 shows the total percentage change in US Employment at 51 months after the peak unemployment for that recession. 51 months was chosen because we are currently exactly 51 months from the peak unemployment (10.1%) of the 2007-8 recession.

Chart 2 shows percent change in US employment as a function of time since the start of the recovery for each recession since World War II. Note that the recovery from the current recession has taken longer than all but the 2001 recession, and has gone more negative than any but the 2nd dip of the recession of 1980.

Geithner's statement can only be viewed as either ignorant or a deliberate lie, since the data (from the Federal Reserve Bank of Minneapolis) was certainly known to him.

The United States Treasury Department appears to have been dragooned into joining the Obama Re-election campaign.

Saturday, April 14, 2012

America is turning into Europe economically. Can Anti-Semitism Be Far Behind?

Not even the most delusional of Obama's economic whores (Gene Sperling, Auston Goolsby, Larry Summers, Elizanbeth Warren, and minions ) can any more continue to deny  that the US economic recovery is weak, and much weaker than all previous recoveries since the end of WWII.

The weakness is best illustrated by  the stagnant employment to population ratio. This ratio summarizes two labor market quantities: the unemployment rate and the labor participation rate. A declining ratio indicates that:
                         ->  out of the available population, we are using fewer resources.

Why is this?  
1) because workers cannot find jobs (high unemployment rate) or,
2) because unemployed persons are giving up searching for jobs and leaving the labor force. This is precisely the activity which causes  a low labor participation rate, namely people who can work choosing not to seek work.

The current level of the employment to population ratio in the US remains at a very low level (by recent historical standards) and has not increased since the recovery started. This behavior is very different from what we have witnessed in previous recoveries dating back to 1945.

Moreover, the number of people claiming disability has soared. It rose to a record 8.7 million during March, 2012, doubling since February 1997. Over this period, their numbers have increased by 4.3 million. This helps to explain some of the drop in the labor force participation rate, which fell from 66.9% to 63.8% over this period. 

How can we understand this monster increase in Disability Claims? One explanation is that people are relying more on governmental transfer payments in general, taking advantage of any and all government handouts available to them: Food Stamps, Social Security, Medicare, Medicaid, and yes, Disability. And why are people increasingly seeking out these programs now? BECAUSE THEY CAN'T FIND WORK. So they look for help in every quarter, and that includes Disability claims. Who can blame them. 

It is worth noting that Medicare fraud alone is estimated to cost $60 Billion per year. No doubt fraudulent claims for other government programs, Unemployment, Food Stamps, and the rest, undoubtedly are rife with fraud. This ends up in the FBI and other government police authorities with burgeoning budgets and jobs for life, and with hapless people caught in their crimes and suffering the consequences. Congratulations, big government.

The above is a little example of the perniciousness of big government. A vicious force that draws desperate and unfortunate people into its dependency snare, ruining not just the lives of the beneficiaries and fraudsters alike.

The McKinsey Global Institute points out, the U.S. may face a shortfall of almost two million technical and analytical workers and a shortage of several hundred thousand nurses and as many as 100,000 physicians over the next ten years. In aerospace, 60% of the workforce is aged over 45 years old compared with 40% in the overall economy. How will these jobs be filled? Either by importing skilled labor via H1B visas, or by sending these jobs overseas. 

The US is trending towards becoming a failed socialistic big government state, like all the European failed states, not only the PIGS (Portugal, Ireland, Greece, Spain), but France and Germany, too. Hand in glove with economic problems, historically, from Nazi Germany starting in the 1920's, to Toulouse, France, a few weeks ago, comes...wait for it...yes, you guessed it. Antisemitism.  This is already epidemic in Germany, witness the scurrilous Antisemitic "poem" by the Nazi Nobel Laureate, Gunther Grass. And witness the increase in murders of Jews in Europe, in Mumbay, in Argentina. It follows as the night the day, that America will not be exempt from history. Yes, right here in River City.

Friday, April 13, 2012

Reagan Had Worse Unemployment But Recovered More Quickly Than Obama: Why?

The chart shows the unemployment rate during the Reagan and Obama Presidencies. Reagan had a much worse unemployment crisis than Obama, with unemployment reaching nearly 11% in November of 1982. However Reagan's policies succeeded in jump starting a vigorous economic recovery, and did so  in record short time, as the graph shows. 

What were the policies that achieved this? 1) drastic tax cuts (from 70% to 28%), 2) tax reform, 3) reining in stultifying federal deregulation and massive de-regulation, 4) holding the line on spending, and 4) firing of thousands of air traffic controllers without giving in to union demands. Reagan also agreed to a budget package with Democrats (which he later regretted) calling for $2 of spending cuts for every $1 of tax increase. However the Democrats reneged on the deal, and the spending cuts never occurred.

By contrast with Reagan, unemployment under Obama never got worse than 10.1%, and never as bad as under Reagan. Obama complains constantly that he inherited the worst economy since the Great Depression. But it was not the worst on unemployment. And under Obama's policies of mis-directed spending (Stimulus Package), cutting back drilling, wasting money on failing green projects, job killing over-regulation, a hostile attitude towards business, Dodd Frank, Volker Rule, Buffett Rule, Cash for Clunkers, HARP, TARP, and other failures, unemployment has lasted longer than at anytime since the great depression. 

Obama policies have hurt the economic recovery and have hurt unemployment. The chart clearly shows the fact: Reagan's unemployment problem was worse than Obama's, but Reagan brought unemployment back much more quickly. Unemployment under Obama is recovering much more slowly than any other recession since 1945. Obama's policies have made the recovery slower and longer.

Tuesday, April 10, 2012

George Mason U.Study: Obama healthcare could worsen U.S. debt by $530 billion

A new report from Citigroup on the U.S. healthcare system makes the case that Obamacare isn’t going to work. The report reads like it was written by Paul Ryan. Instead of curbing government spending, President Barack Obama's healthcare law could add up to $530 billion to the federal debt over ten years, a Republican expert on U.S. government benefit programs said on Tuesday. A study by Charles Blahous, a George Mason University research fellow and the Republican trustee for the Medicare and Social Security entitlement programs for the elderly, challenged the administration's contention that the 2010 law would reduce healthcare costs. Among the points made are the following:

1) The 3d-party payments system are at the root of the subversion in market forces. There is no healthcare market ruled by supply and demand.
    - U.S. healthcare outlays have grown 2 ½ percentage points faster than U.S. income over the past three 
      decades
    - Healthcare price inflation exceeded overall consumer price inflation by 2 percentage points in the same
      period
    - Per-capita U.S. healthcare expenditures are nearly twice the average of other OECD members.
    - There is a significant lack of economic incentives in either private or public insurance schemes
    - With no incentives, patients are unlikely to consider impacts of their spending on the public purse or
       program costs for private insurance        
    - Spending decisions are largely left to Health providers who themselve derive income with each
       procedure or pharmaceutical sold

       Upshot: In arguments for or against a market-determined healthcare system, U.S. policymakers
       shouldn’t pretend that one now exists in the US.

2) When markets forces are allowed to function in healthcare, they work their usual magic:
    - In areas where expenditures are uninsured, and patients consider the economic ramifications for their
       treatments, market competition has reduced price pressures notably.
    - When market forces are allowed to function, it is unknown to have shortages of supplies or rapid price
       increases products like off-prescription drugs, elective surgeries, and tests.

3) U.S. healthcare system is NOT an example of a market failure.
    - “With government transfers covering nearly half of healthcare outlays and private transfer schemes
        covering all but 12% of the consumer healthcare budget, it seems ironic that high healthcare costs in the 
        U.S. are deemed a ‘market failure’ when functioning market price competition barely exists.”

4) Having a part private, part public healthcare systemis a bad mix.
    - ”The healthcare system in the U.S. reminds us somewhat ominously of the bubble in housing finance, a
       “public/private partnership.” Housing consumption still receives strong tax preferences, as does health     
        to quasi-nationalization, housing GSEs earned private profits from public subsidies for housing, as do
        U.S. healthcare providers.”

5) A market-based, consumer-driven healthcare system might be best, although hard to implement now.
    - Counting private health insurance and other transfer schemes, only 12.0% of health care outlays are now
       directly paid for by consumers (according to the Centers for Medicare and Medicaid Services).
    - It projects this amount will fall to just 9.4% by the end of the decade.
    - Reversing these shares is simply politically unlikely.”

6) Of course, Obamacare increases government subsidies for healthcare
    - Directly or by expanding Medicaid.
    - Obamacare doesn’t fix the Medicare fee-for-service issue.
    - Overall, Obamacare makes the third-party payment system worse. 
    - Obamacare makes it harder for markets to operate. 
    - At the same time, it doesn’t strictly ration care like some foreign healthcare systems. At least not yet

7) The Citigroup study suggests we are headed:
    - “Government programs should be governed, and program participants must live with limits, controls and
        intervention that come with government budgets.”

Monday, April 9, 2012

Intertwined Lives - Check out video of convention of identical twins


One theory is that all of us, yes I mean ALL OF US, really are identical twins.

What happens is that at conception there are always at least 2 foetuses who start out in Mom's womb. For most cases, however, similar to the case of chicks in a bird's nest, one of the foetuses starts to garner more and more of Mom's bounty, and in most cases the 2nd and additional twins wither and die.

Documented cases of this are seen in bird's nest, even to the extreme wher the dominant chick will peck its competing sibling chicks to death or push them out of the nest altogether to die.

In humans, this theory goes, except in the relatively rare case of twins and mulitple births, those of us who are born as single births emerge from the womb alive, having, yes, caused the death of our twin.

It is a well known phenomenon among twins that when one twin dies, the surviving one mourns terribly, and usually dies also fairly quickly thereafter.

 Something of that persists in all of us who are single births. We know in our heart of hearts that we really had a twin once, and we cannot forget him or her, and we mourn for our lost twin. When we are feeling sad and depressed, something of that is going on.

 We long for our twin. And that is why we seek a mate to marry. We are looking for our twin in our spouse. Sometimes this works, and sometimes it doesn't. But we are searching for our lost twin, who we sometimes also call our "Doppleganger", a German word signifying "double companion", or maybe soul mate.

What does all this lead to. Well, people, it is all about the twins, and the shared genes. So if or when anyone has the opportunity to meet or get to know, a person with whom they closely share a gene pool, a father, a mother, a sister, a brother, then is it any wonder that we will go to the ends of the earth to meet them. And so we should. We are naturally attracted to our gene moms, dads, sister, brother, and we love them innately.

http://www.snagfilms.com/films/title/intertwined_lives1

We've all heard highly romanticized stories about identical twins, like twins who've been separated at birth only to grow up leading remarkably similar lives, or twins who can sense when the other one is in danger. But what's the opposite side of these stories? What are the experiences of twins who become weary of constantly being confused with their identical twin? How would it feel to share 100% of your DNA with someone else and be pressured by everyone to perform the same in school, in sports, and in various other aspects of your lives? Intertwined Lives explores the lives of five sets of identical twins, all at different stages in their lives and relationships, to answer these questions./Ben and Nathaniel Ludewig (both 10 years old) remember believing they were one person, named "Bendanno," when they were younger--although that hasn't stopped the two boys from fighting like cats and dogs. But, as people get older, more things start to factor into their lives and things get a bit more complicated and sometimes bittersweet./ Inseparable, Ruth and Rachel Sandweiss have lived together for most of their lives. Rachels' recent engagement, though, has created a difficult moment in their relationship. Now, the two women wonder what life will be like no longer being able to spend all of their time together. At the opposite end of the spectrum, there are AHNA and IRENE FERTIK, who chose to spend 20 years of their adult lives completely separated from each other (living on opposite coasts of the US). They thought that this would be good for their lives, since they wouldn't be there to constantly influence each other's decisions. But, even with all that time apart, the two still haven't found a happy medium in their relationship./ In a similar vein, PAUL GOLDSMITH, for several years now, has been estranged from his twin brother, Aaron. When asked, Paul says he feels as though having an identical twin robs one of their identity. So, let's face it: some twins love being twins, and others absolutely hate it. But, in the end, it's the close bonds and the constant competition twins have in their intertwined lives that defines not only their relationships, but also their identities.

Twins and Fingerprints


http://www.nytimes.com/2009/10/06/science/06qna.html?_r=2

Twins and Fingerprints-Q. Why do identical twins have different fingerprints? Why do we have fingerprints to begin with?

A. The probable answers to both questions are related to the minute differences in the mechanical forces each developing fetus experiences in the uterus as its cells proliferate.

Researchers have found that identical twins have a very high correlation of loops, whorls and ridges, but a review study last year in Circulation Research examining how complex structures like the circulatory system develop says that “the detailed ‘minutiae’ — where skin ridges meet, end or bifurcate — are different even between identical twins.” Even twins that develop from one zygote occupy different positions in the womb, and the variations are enough to make a difference.

At the crucial stage of development, the study explains, ridges are thought to form as compressive stresses develop in the dermal cell layer of the skin, sandwiched between the epidermis and the subcutaneous tissue. “Like the buckling of land masses under compression,” the study continues, regular ridges form to relieve the stress.

Where the skin is flat, the ridges are parallel; but primates have raised pads on their fingertips at this stage, so the ridges form along lines of equal stress. “Surrounding the highest point of the raised pad,” the study says, “ridges form in concentric circles.” Meanwhile, the pads are regressing, but where they remain high longer, ridges form whorls. Pads that have largely regressed give rise to a simple arch pattern. Where the processes of ridge formation and pad regression overlap, an intermediate loop pattern results. C. CLAIBORNE RAY

The Mysteries of Twins

http://www.washingtonpost.com/wp-srv/national/longterm/twins/twins2.htm

twins are the perfect people on whom to test hypotheses about what is molded by life's pressures and what is inborn...on average, identical twins tend to be around 80 percent the same in everything from stature to health to IQ to political views...evidence from the comparison of twins raised apart points rather convincingly to genes as the source of a lot of that likeness...

James Arthur Springer and James Edward Lewis, had just been reunited at age 39 after being given up by their mother and separately adopted as 1-month-olds.they had each married and divorced a woman named Linda and remarried a Betty. They shared interests in mechanical drawing and carpentry; their favorite school subject had been math, their least favorite, spelling. They smoked and drank the same amount and got headaches at the same time of day.

another set of twins, Oskar Stohr and Jack Yufe.
when the twins were reunited in their fifth decade they had similar speech and thought patterns, similar gaits, a taste for spicy foods and common peculiarities such as flushing the toilet before they used it.

studies have been done to show that identical twins are roughly 85 percent similar for IQ, fraternal twins about 60 percent...On average, identical twins raised separately are about 50 percent similar -

twins tell uncanny stories of wordless understandings, of moments of grief or joy communicated at a distance without benefit of a phone,

a woman named Gilia Angell recalls wandering into the St. Patrick's Cathedral gift shop in New York and buying a postcard of an airbrushed Jesus, which she mailed to her twin sister in Olympia, Wash. A few days later, she says, a letter postmarked the same day arrived from Olympia. Enclosed was a refrigerator magnet "with the same filmy airbrushed picture of Jesus!"

Victor McKusick was treated at Massachusetts General Hospital for an infected arm,...Victor developed a dental abscess. His brother, sailing up from Maine to join him, had to make an emergency shore call after developing the same problem

Scientists in Richmond have shown that correlations for marijuana and cocaine use are nearly the same between fraternal and identical twins, suggesting that social environment is the main cause of drug experimentation. But the identical twin of a drug addict is far more likely to be an addict than is the fraternal twin of an addict.