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Old 07-29-2011, 11:08 PM   #261
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However, right now the interest cost is negative. The government saves money by borrowing now rather than waiting and paying cash. Let me say again because I have noticed that this goes against so much intuition that its hard for many people to wrap around when I first say it.

The government will wind up paying more if it decides to pay cash for a project than it will if it decides to borrow. This is irrespective of the return on the project itself or the advantages of avoiding delays or anything like that. It is simply that the cost of borrowing is negative.

It is cheaper than paying cash.
Debt crisis!
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Old 07-29-2011, 11:37 PM   #262
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I've never really understood the American aversion to paying taxes. No one really likes it but the Americans have a visceral hatred of it. I supposed the fact outside of a stupidly large military* the American's don't see too much return for their tax dollars, the infrastructure in the states is poor, there's little in the way of a medical or social safety net and the public school system lags behind most of the rest of the world. One really wonders what you are spending the money on.


*Yes, it is stupidly large, the US has 24 Aircraft carriers in service, including the WASP and Tawara class VTOL carriers which are roughly analogous to the UK's invincible class carriers. Brazil who now, following the decommissioning of the UK's aircraft carriers, have the next highest amount of carriers have 2. China and Russia both have one each. To put it in further context, the UK has the 4th biggest Armed Forces in the world, and the US Marines (which isn't even a separate branch) have more men, ships and aircraft at their disposal than the entire UK armed forces.Unless you're planning to fight the rest of the world at once, you simply don't need to spend that much money 'defending' yourself. Outside of North Korea the US is the most militarised country on Earth.
Remember...it was a tea tax that started our tax hatred I would prefer a huge cut in military. No foreign bases. No being the police of the world. That would be where I would like us to advance to some day before I leave this earth.
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Old 07-29-2011, 11:42 PM   #263
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The Tea Party - and why on earth are we calling them that when they are bloody Republicans and run on GOP tickets is beyond me - is a disgrace and is no longer even a relevant group when it comes to discussions. You have 60 members of the house (actually, at least 60) who will NOT vote to raise the debt ceiling NO MATTER WHAT. This is not a serious faction, nor do they have one brain to share between them, apparently.
If I was there, I would be with the 60. On principle, they're right - even if, granted, some of them are voting for cynical political reasons.

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So the world goes on without them at the negotiating table. Frankly, a fantastic outcome.
To me, this blase dismissal of views outside the mainstream comes aross as no more or less than advocacy to further centralise power.

I mean, why not just declare the Tea Party illegal and amalgamate the Dems and Repubs while were at it? Who needs this old-fashioned democracy gig anyway?

I submit that America is already under-democraticised - 300 million people, still (incredibly) the largest economy on earth and a mere two political parties? Two parties who largely share the same views and policies on practically everything? Come off it.

There are concerns regarding the backers of the Tea Party movement, but, any tendency to broaden political representation, IMO, is de facto a healthy development.
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Old 07-29-2011, 11:45 PM   #264
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Remember...it was a tea tax that started our tax hatred I would prefer a huge cut in military. No foreign bases. No being the police of the world. That would be where I would like us to advance to some day before I leave this earth.

X 1,000,000.
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Old 07-29-2011, 11:50 PM   #265
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Unless you're planning to fight the rest of the world at once, you simply don't need to spend that much money 'defending' yourself. Outside of North Korea the US is the most militarised country on Earth.
Indeed. But, the problem is, some of them want to fight the rest of the world at once. As the old saying goes, out of crisis comes opportunity - and this is the ideal opportunity to finally cut the military-industrial complex that Eisenhower warned about right down to size and put the war mongers back into their box where they belong.
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Old 07-30-2011, 12:40 AM   #266
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Obama hails deal on increasing auto fuel-economy standards - latimes.com
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Old 07-30-2011, 07:27 PM   #267
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Why does this socialist hate America?
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Old 08-01-2011, 02:05 AM   #268
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X 1,000,000.
Double plus thumbs up.



"as per GDP" is a somewhat unreliable state as recessions (consecutive decreases in the denominator) can change the variable, but the trend is pretty clear.

As a general notion, we are not over taxed in the U.S. Some people just won't ever concede victory. I think we can tax smarter, but there's a pretty large gap between us and otherwise functional OECD countries. I wish a mainstream politician would repeatedly point that out.
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Old 08-01-2011, 02:10 AM   #269
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One thing I've learned with regards to worker's pensions is that it's pretty risky to be counting on mid term fulfillment, but I'm cautiously optimistic about the Obama Administration's moves here. I hope I can tell my kids wacky stories about the crazy inefficient 17 mpg truck my family used to own.
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Old 08-01-2011, 08:36 AM   #270
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I don't see how he could ever be President for a second term and all this crap would just continue-debt ceiling crap every time that comes up, budget crap, etc. Oh yeah, maybe that's all part of the plan.
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Old 08-03-2011, 03:14 PM   #271
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Washington (CNN) -- A member of Congress has apologized after saying that being associated with President Barack Obama would be similar to touching a "tar baby."

Rep. Doug Lamborn, R-Colorado, sent a letter to Obama "apologizing for using a term some find insensitive," he said in a statement Monday.

Lamborn made the comment during an interview on a Denver radio station about proposals to raise the nation's debt ceiling in exchange for spending cuts.

"Even if some people say, 'Well, the Republicans should have done this or they should have done that,' they will hold the president responsible," Lamborn said. "Now I don't want to even have to be associated with him. It's like touching a tar baby and you get, you get it, you know ... you are stuck and you are part of the problem now and you can't get away."

The term "tar baby" is a reference to 19th century Uncle Remus stories about Br'er Rabbit, as set down by Joel Chandler Harris. It can refer to a sticky problem or situation but also is understood as a derogatory term for African-Americans.

"Lamborn was attempting to tell a radio audience last week that the president's policies have created an economic quagmire for the nation and are responsible for the dismal economic conditions our country faces," said the statement from Lamborn's office.

"He regrets that he chose the phrase 'tar baby,' rather than the word 'quagmire.' The congressman is confident that the president will accept his heartfelt apology."

Lamborn's spokeswoman, Catherine Mortensen, said Monday that the comment was misunderstood.

Lamborn is not the first to run into trouble with the phrase. Mitt Romney referred to the Big Dig construction project in Boston as a "tar baby" in 2006 during a fundraiser on the campaign trail. And Sen. John McCain also used the term during his campaign for president. Both men apologized.

The White House has not commented on Lamborn's remark.
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Old 08-04-2011, 02:14 PM   #272
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Old 08-04-2011, 02:15 PM   #273
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That's pretty clever

Is that his birthday gift?
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Old 08-10-2011, 08:11 PM   #274
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Sony Hosted Obama Fundraiser, Releasing Bin Laden Movie Before Election

There may be an overtly political reason that moviegoers will be seeing the story of the Osama bin Laden raid just before they vote for president. Sony Pictures, the company distributing next year's film, hosted a fundraiser for Barack Obama on their studio's premises in California last April. So far, Sony is the only major studio to hold a political fundraiser this cycle. According to Deadline Hollywood, Sony will release the bin Laden movie, directed by Academy Award-winning director Kathryn Bigelow, on October 12, 2012--less than a month before the presidential election.

"The eyebrow does go up when you see the release date," says Douglas Urbanski, a Hollywood producer and conservative radio talk show host. Urbanski said he believes Bigelow's movie will be straightforward and apolitical, much like her 2009 war film The Hurt Locker (which won the Academy Award for Best Picture). But Sony's decision to release the bin Laden movie just weeks before the election, he says, is most likely "very, very deliberate."

Urbanski was a producer for The Contender, a 2000 political thriller with a plot that sympathized with a sex scandal-plagued Democrat and demonized a conservative Republican member of Congress. The movie was released on October 13, 2000. "It was without a doubt a deliberate attempt to influence the election," says Urbanski.

Sony Pictures could not immediately be reached for comment.
Some things you can't make up.
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Old 08-11-2011, 05:54 AM   #275
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cough Palin DOCUMENTARY cough
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Old 08-11-2011, 08:06 AM   #276
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Don't see how that's going to help him at all

Unless this movie can somehow magically turn the economy around in less than a month
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Old 08-11-2011, 08:42 AM   #277
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Exactly...
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Old 08-11-2011, 10:39 AM   #278
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Don't see how that's going to help him at all

Unless this movie can somehow magically turn the economy around in less than a month
Think of all of the minimum wage movie ushers and concession people that will be added to the economy. Shameless.




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Old 08-12-2011, 07:29 AM   #279
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WASHINGTON (AP) — A White House photographer was allowed to take and widely distribute a photo from the ceremony Tuesday for the return of the remains of 30 American troops killed in a weekend helicopter crash in Afghanistan despite the Pentagon's claim that any public depiction of the scene would violate the wishes of bereaved families.

News media coverage of the ceremony had been banned by the Pentagon over the objections of several news organizations.

Pentagon officials had said that because 19 of 30 of the American families of the dead had objected to media coverage of the remains coming off a plane at Dover Air Force Base, no images could be taken. In addition, the Pentagon rejected media requests to take photos that showed officials at the ceremony but did not depict caskets.

President Barack Obama attended the ceremony, called a "dignified transfer," for those killed in the worst single loss of the nearly 10-year war. An official White House photo of a saluting Obama was distributed to news media and published widely. It also was posted on the White House website as the "Photo of the Day." It showed Obama and other officials in silhouette and did not depict caskets.

Doug Wilson, head of public affairs at the Pentagon, said the department did not know the White House photographer was present and had no idea a photo of the event was being released until it became public. He said the photographers who routinely travel with the defense secretary and the chairman of the Joint Chiefs of Staff were not allowed to go to the event, and no official Pentagon photos were taken or released.

The Associated Press did not transmit the White House photo to its customers, in accordance with its policy of refusing government handout images of events it believes the media should have access to.

When asked about the photo Wednesday, White House spokesman Jay Carney said the picture was carefully taken so that it did not show the cases containing remains.

"The White House routinely releases photos taken by the White House photographers in specific circumstances where it would be inappropriate to include members of the media," Carney said. "In this case, the White House released the photo, in the interests of transparency, so that the American people could have as much insight as possible into this historic and sobering event."

Under a Pentagon policy set in 2009, media coverage at the Dover base is allowed only when family members of the war dead approve. In the case of multiple sets of remains returning as a group, photographers take pictures of those approved caskets only and are ushered away before the remains of any troops whose families declined coverage are brought out of the plane.

The Pentagon said that in this case no family could give permission because any given case could contain the remains of troops whose families did not want coverage. The Pentagon said that during initial notification of next of kin, 19 of the 30 families said they did not want media coverage.

The AP and other media organizations argued that images could be taken of the tarmac, plane or dignitaries that would depict the occasion without showing a casket.

The base in Delaware serves as the entry point for all remains of U.S. troops killed overseas.

The Pentagon has said it expects to identify all 38 people who died, 30 U.S. troops and eight Afghans, and will return their remains to families for burial. The Pentagon planned to release the names of all Americans who died on Thursday, after an internal debate over whether doing so might endanger families of the SEAL Team 6 troops. Other members of that same elite special operations team killed Osama bin Laden in May.

Under the Pentagon policy spelled out in March 2009, the option to allow media access is explained to family members when they are notified of their loved one's death, and "primary next of kin will make the family decision regarding media access to dignified transfers at Dover."

The AP has covered every ceremony in which a family has agreed to coverage since the Pentagon lifted a total ban on media coverage at Dover in 2009, a total of 68 ceremonies this year at Dover through June 30.
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Old 08-18-2011, 04:13 PM   #280
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Ok, that's it. Now Obama has really gone too far. I knew it had to be his fault somehow.


Aug 17, 2011

Shaq: Obama to blame for Rondo's struggles


Many thought Rajon Rondo's late-season slump was due in part to the Celtics trading away their starting center, one of Rondo's best friends, Kendrick Perkins.

Shaquille O'Neal has a different take; he blames Barack Obama.

In his upcoming book, Shaq Uncut, written with ESPN's Jackie MacMullan, O'Neal says that a playful insult from President Obama messed with Rondo's head and threw the Celtics point guard off his game for the remainder of the season.

From Shaq Uncut:

In early March some of the guys went to the museum of Fine Arts for a fund-raiser and got to hang with President Barack Obama. Everyone was a little bit in awe. The President turns to Ray, points at Rondo, and says, “Hey, Ray, why don’t you teach this kid how to shoot?” Everyone starts laughing.

KG told me he saw the look on Rondo’s face and the kid was devastated, embarrassed. Dissed by the President, even though I’m sure Obama didn’t mean any harm. Rondo smiled and went along with all of it, but KG told me he could see it in his eyes. It bothered Rondo. It killed him.

The next day Rondo shot the ball horribly. He stopped taking shots after that. He’s so sensitive. I think it was a real jolt to hear the outside perception of a basketball fan who happens to be the President of the United States. It messed with his mind. I’m sure of it.
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