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Monthly Archives: February 2011

Still the Big Man on Campus . . .

. . . but for how long?

Interesting column in The Daily on the nature of our competition with India and China.

We are still miles apart and there are structural differences that will make it very hard for them to ever catch us. Here is one of the more telling excerpts:

“Despite all the recent hoopla about China becoming the world’s second-biggest economy and India hoping to follow suit, the reality is that the per-capita GDP — even measured by purchasing power parity — in both is pathetic. America’s is about $47,000, China’s $7,500 and India’s $3,290.

Worse, both still harbor medieval levels of poverty, with 300 million people in each living on less than $1.25 a day. India’s IT boom gets big press, but it — along with all the tertiary industries it has spawned — employs 2.3 million people, or 0.2 percent of the population.”

If we don’t soon get our house in order and slay our debt monster, we’ll soon share some of their structural deficits.

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Governor Walker Stands His Ground

John Hinderaker of the Power Line blog has an excellent post regarding Governor Scott Walker’s appearance on Meet the Press this morning.

I don’t watch Meet the Press because David Gregory causes my blood pressure to spike and makes me think and say things I’d rather not think and say. Kudos to Gov. Walker for putting up with the nonsense that is David Gregory and his ill-named show.

 
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Posted by on February 27, 2011 in Business, Culture, Politics

 

The Farmer and the Professor

Victor Davis Hanson pens another gem on the difference between teachers and other workers.

I was surprised to learn that the VDH was a farmer before and while he was a teacher and a professor. Who better to compare and contrast both worlds than someone who has done both.

Here is one of my favorite graphs from the article:

“There was no sick leave for the self-employed. A day with the flu meant the amount of work to do the next day doubled. Weekly compensation was not compensation at all, but rather an advance on an operating loan from the bank: If the crop came in and sold, and if at the end of the year such income exceeded expenses (I remember my first year, in 1980, we borrowed at 17 percent, and prices for everything from sulfur to fertilizer went up 10 to 15 percent in mere months), then one earned something for the year’s aggregate labor. If not (as in 1983, when, without explanation, the price of raisins crashed from $1,200 to $450 a ton), then one not merely earned nothing, but in effect paid for the privilege of working — a common, humiliating fate for the strapped pizza-parlor owner, the independent window-cleaner, or the car dealer. I figured that the 1983–84 operating losses meant that I owed the bank about $12 an hour for each hour I had driven the tractor, pruned, or irrigated, the entire time unknowingly paying for the privilege of hard physical labor. Again, all that is too familiar for legions of realtors, insurance salesmen, contractors, and the variously self-employed.”

It’s long but I highly recommend the whole thing. I think I’ll keep a copy of this handy for every time I come across a teacher who complains about their lot in life.

 
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Posted by on February 26, 2011 in Business, Culture, Politics

 

He Can’t Really Be That Dumb . . .

. . . can he? Why yes he can!

 

Just goes to show that money and fame, achieved through the entertainment industry is not a good indicator of intelligence, knowledge or understanding.

 
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Posted by on February 26, 2011 in Culture, Media, Politics

 

Preach it Gov!

 

Great segment on CNBC’s Morning Joe with Governor Chris Christie. Some of the numbers he laid on the table were mind blowing. It was shocking to hear Jim Cramer report that his property taxes in NJ are more than the interest on his mortgage. Christie is right. Governors aren’t trying to break the unions. Their trying to keep the unions from breaking their states.

As a side note, is Mika really this dense or is she so trapped in her ideology that she can’t allow herself to agree with clearly stated fact? I’m just ask’n.

 
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Posted by on February 26, 2011 in Business, Politics

 

Marx and Lenin Would Be So Proud

Repulsive!

To all my Democrat/Progressive friends. How can you in good conscience stand with people who act this way?

I’m a little surprised our President is not out there with them. He promised he would be in 2007.

 
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Posted by on February 25, 2011 in Politics

 

Crossing Our “Rubicon”

Charles Krauthammer has an excellent column in today’s Washington Post on the current debt crisis at the State and Federal level.

From the column:

“In the private sector, the capitalist knows that when he negotiates with the union, if he gives away the store, he loses his shirt. In the public sector, the politicians who approve any deal have none of their own money at stake. On the contrary, the more favorably they dispose of union demands, the more likely they are to be the beneficiary of union largess in the next election. It’s the perfect cozy setup.”

Cozy is a nice way of putting it. I’d say it’s more than a little corrupt. I would call it money laundering.

I like his use of the tale from Roman history of Julius Caesar crossing the river Rubicon to describe where we stand. Time to be bold and move forward. No turning back!

 
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Posted by on February 25, 2011 in Culture, Politics

 
 
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