I am going to admit something here. Though I have educators all through my family and I have the greatest respect for teaching as a profession (in the sense that Socrates was a teacher) I have little respect for our public schooling system. Though I went through one of the “best” public school systems in the United States nearly my entire experience, with a few shining exceptions, was of mediocrity of thought and effort from both the teachers and the students. School rewarded those who filled in the circles and checked the boxes. It was a machine.
But I can say at least that I never had any completely inappropriate political rants from any teachers. There was some political correctness to be sure but I never remember any slavish homages to big government. But I guess I was one of the lucky ones. In California at a recent gathering the president of the California Federation of Teachers Joshua Pechthalt said:
I have watched the reaction from the establishment to the Bundy Ranch incident with great interest. Everywhere one looks statists are up in arms that the “tea baggers” beat their big government butts in a very public way, and on a global stage in the Nevada desert.
So Burning Man’s organizer is going to have a crazy “gay friendly” rock concert with all the nudity, drugs, and general insanity which goes with Burning Man right next to Cliven Bundy’s ranch.
Cool. Sounds like fun.
Government work is pretty good for the most part. (There’s the whole selling your soul aspect, but that aside. — I kid. I kid.) The pay is far above average. Union protections mean you basically can never be fired. The pension comes early, is forever, and is backed by the US taxpayer. Civil servants have it pretty darn good. Government employees on average earn over $120,000 in total compensation. Banking regulators make on average far more than this.
This is an extremely well done article from The Washington Post. Maps can put things into perspective. They help us make sense of the world around us. Knowing where The Crimea is for example is probably a good thing these days as politicians rattle sabers and jockey for position. If things were to get hot it is our sons and daughters after all who would find themselves in harm’s way. Might be nice to know where they are going (or aren’t).
Common Core is not “commie core” as it is often called. It has that element within it from what we’ve seen, but it is probably at least equal parts “corporatist core.” It is big business which is pushing the program along with the statists. Business wants a standardized product for the workforce. It wants “plug and play” employees. And why not advertise to these future employees via state mandated testing while corporate America is at it?
We really do appreciate Congressman Lynch and his candor with regard to Obamacare in the attached video. We have long been critics of the ACA because we see it as a massive vehicle for crony capitalism (pharma and the big insurance companies do quite well under Obamacare) while it also undermines the good parts of our healthcare system and the economy generally. Obamacare is a disaster. It is a train wreck and the pile up continues.
I would love to see this become a real trend. I have my doubts however. It has been my experience that people who are enamored with the state have a hard time breaking up (even a little bit) with big government.
The answer simply is – yes.
Interesting article. It is very true that the Oracle of Omaha has benefited handsomely from sweetheart deals and political connections over the years. He has played the crony game very well.
I will say though, as much as I agree with the general sentiment of the author, I’d still go long on the USA before Kazakhstan. We do still enjoy the reserve currency of the world. As long as we do the bet is still to the upside for US equities generally. Reserve currency status is the linchpin. If you ever hear that the US dollar is no longer the reserve currency it is time to sell. Of course when we hear it it will be too late.
An aside. – My first real job was working for GEICO (One of Warren Buffett’s companies. His “cash cow” as he calls it.) selling insurance over the phone. To this day – “Thank you for calling GEICO Direct. This is Nick Sorrentino speaking. How can I help you?” – rolls right off the tongue.
(From Nomad Capitalist)
…allow us to examine just how Warren Buffett became so wealthy, because while he is obviously an astute investor responsible for generating huge returns, he has also enjoyed advantages few other Americans do.
It is such advantages, propped up by his cronies in government, that perhaps contribute to so much of his optimism.
To begin with, much of Berkshire Hathaway’s holdings are in the equities markets. While Buffett has done an excellent job over the years of picking winners and losers, he has no doubt benefitted from the amazing impact that inflation – and recently endless money printing – have had on the American stock markets.
Click here for the article.