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Tag Archives: economy

Oil could fall to $30 a barrel: Emirates boss (Video)

Load up the kids and the dog in the Suburban! We’re driving to California via Alaska this summer! We’ll drive 100 mph the whole way! Carbon footprint? I got your carbon footprint right here!!!

All I can say is don’t get too used to it folks. Though the CEO of Emirates (below) believes that oil has been held artificially high for a long time and that lower prices might just reflect a reversion to reality.

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Afghanistan has cost taxpayers $1 trillion, 80% spent under Peace Prize winning president

I care about the 1 trillion dollars but I care about the human cost much more. What are we still doing in the West Virginia of Asia? (No offense to wild and wonderful West Virginia.) How many men and women are dead who didn’t need to die? How many children? Why is the opium/heroin crop bigger this year than ever before? Why are palaces being erected throughout Kabul with US taxpayer dollars? Why are bases being built by contractors only to be abandoned months later?  Why did the US military allow Al-Qaeda linked groups to bid for, and get contracts?

Lots of “whys.”

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Progressives, supporters of American corporatism?

Veroniqe de Rugy in the attached article observes that progressives, for the most part are not enemies of corporatism. In fact to a large degree they are enablers of corporatism. With the expansion of the state comes the expansion of corporate power. And “progressives” it seems are always for expanding the state. As noted in a recent post it is terribly frustrating that progressives don’t see what they are doing. If they do they have no business saying they stand for anything like “progress.”

With each new government endeavor, with each new effort at social engineering, there is a new source of revenue for somebody. Sometimes it’s the corporations. Sometimes it’s the unions, Sometimes it’s players within the government itself. Sometimes it’s interest groups of other sorts. The aggregation of taxpayer dollars is like carrion on the plain, the jackals will always come.

In many respects I consider modern American “progressives” to be similar to progressives of another place and era, think Italy pre-World War 2. I dare say that many of the scarf and tattoo sleeve set would have happily fallen in line behind that pioneer of crony capitalism, Mussolini.

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What Elizabeth Warren Missed in Her Big Bank Tirade

This is one of the frustrating things about people who I believe legitimately care about reining in crony capitalism on what is called the “Left” in this country. They seem always to want more of the thing which enables crony capitalism – government.

Crony capitalism can not happen without government. Government is the lever which cronies use to expand their power and wealth.

My friends on the “Left” fret about “corporations taking things over” if government is reduced. As if government is some kind of counterweight to corporate power. It is not. For the most part government is a tool of special interest power (and about equally the reverse). It’s a partnership.

The key is to decentralize. Diffuse the power in Washington (and other capitals) and move it as much as humanly possible back to real live humans.

We don’t really need much government at all.

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Ron Paul: All I want for Christmas is a (real) government shutdown

By Ron Paul

The political class breathed a sigh of relief Saturday when the US Senate averted a government shutdown by passing the $1.1 trillion omnibus spending bill. This year’s omnibus resembles omnibuses of Christmas past in that it was drafted in secret, was full of special interest deals and disguised spending increases, and was voted on before most members could read it.

The debate over the omnibus may have made for entertaining political theater, but the outcome was never in doubt. Most House and Senate members are so terrified of another government shutdown that they would rather vote for a 1,774-page bill they have not read than risk even a one or two-day government shutdown.

Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown. A short or even long-term government shutdown is a small price to pay to avoid an economic calamity caused by Congress’ failure to reduce spending and debt.

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Univision’s News Anchor: Barack Obama is “establishing his power” on race and immigration

The assumption is that many illegal immigrants, one way or another will eventually vote. The assumption is also that since a great number of immigrants streaming into the US from Latin America are both uneducated and familiar with political systems based on patronage that these people will necessarily vote for Democrats. That they will fall easily into the urban political machines and become part of the “masses” (I hate that term) which feed the system.

My bet is that it doesn’t quite work out that way. I think there are many more factors in the “emerging Hispanic vote” than are widely understood. We’ll see how it shakes out soon enough.

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China pumps $65 billion into interbank market

You know how this goes. The economy slows down and the authorities just introduce some more “stimulus.”

Where does this “stimulus” come from? Who cares!

The stimulus duct tape is so thick around the world economy at this point, things have been “patched” over so many times, it’s hard to remember what the world economic engine is actually supposed to look like.

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