I love that Politico says that we are in “at least 5″ wars. You know, because maybe 1 or 2 aren’t really wars technically, or the American public doesn’t really know about them, whatever. At least 5.
So I wonder what happens if the tech firms don’t want to partner with the Department of Homeland Security?
The statists are unrelenting. They want government in every nook and cranny of human life.
And I just want to say a special “Thank You” to all the Republicans who helped craft DHS, and the Patriot Act, and the NDAA. Thank you for not standing for small government, panicking, and throwing the Constitution under the bus. The Dems helped too. They are very much to blame. But it was the Republicans which were in control when the surveillance state bloomed.
Just call Jeff Immelt CEO of GE “The Breeze.” He seems to go wherever the crony winds blow. Buddies with Obama. Buddies with Hillary. Killing light bulbs. Getting renewable energy subsidies. Getting bailed out in 2008 when GE Financial got caught with its pants down.
Get this, the company is called UNICOR. Didn’t the scientist in Terminator 2 work for that company? Or maybe it’s the company in Robocop. Whatever. If you want your call center needs met at “offshore prices” time to team up with the prison workforce experts.
These people work for below minimum wage, and likely below the natural wage rate too, because they are locked up in prison. The taxpayers pay to house these folks, who then are employed for pennies an hour. (Prisoners earn between .23 and $1.15/hour.) Basically it’s a subsidy to the clients of UNICOR.
That this arrangement provides incentive to incarcerate people is pretty weird too.
This story is from CNET circa 2011 about McDonald’s in Europe. But it is pertinent to the minimum wage debate in the USA now.
I understand why people want $15/hour for fast food work. Life is hard. Fast food work is hard. (Anyone who thinks it’s easy should try working at a Burger King for an afternoon, or better the lunch rush.) It stinks to struggle every day in a hard job and then barely make (modest) ends meet. Trust me I understand.
But the reality of the market says that fast food work (in most places) is worth less that $15/hour. It sucks, but that is reality. And just to be clear, I say this as someone who has hustled in life. (Most of us have at some point.)
The whole $15/ hour thing is just encouraging the robotization of the workforce.
Tim Carney is our colleague at AEI. He has long done excellent work on crony capitalism.
Governor O’Malley it should be noted wants to be the president of the United States of America. Though he has not officially announced he may challenge Hillary Clinton for the Democratic nomination.
Consider for a second how flatly ignorant this statement is;
“But it is not true that regulation holds poor people down or regulation keeps middle class from advancing. That’s kind of patently bullshit.”
They say “don’t fight the Fed.”
This has been especially true from an equities investment perspective since the Crash.
The question now though is how much fight is left in the Fed.
Sorry, but this is not indicative of a healthy, free society.
Don’t forget to have someone hold back your hair Salon.
This is part of what Paul wrote –
These sorts of loans are typically vehicles for crony capitalism. Think Solyndra. But in this case the market has already resolved the issue. The plant the taxpayer backed loan is allocated for has already been built. The project was originally financed within the private sector. Why is megacorporation Alcoa now getting a plum loan?
The answer it appears is political. (Isn’t it always?)