MyRightWingDad.net: UNIONS

Showing posts with label UNIONS. Show all posts

Fw: Time Is Like A River

Time Is Like A River

Time is like a river. You can't touch the water twice, because the flow that has passed will never pass again.

Written by a USMC Vet. (I can't argue with any of it. Passing it along as it was received.)

He wrote:

The American Dream ended (on November 6th, 2012) in Ohio . The second term of Barack Obama will be the final nail in the coffin for the legacy of the white Christian males who discovered, explored, pioneered, settled and developed the greatest Republic in the history of mankind.

A coalition of Blacks, Latinos, Feminists, Gays, Government Workers, Union Members, Environmental Extremists, The Media, Hollywood , uninformed young people, the "forever needy," the chronically unemployed, illegal aliens and other "fellow travelers" have ended Norman Rockwell's America .

The Cocker Spaniel is off the front porch... The Pit Bull is in the back yard. The American Constitution has been replaced with Saul Alinsky's "Rules for Radicals" and Chicago shyster, David Axelrod, along with international Socialist George Soros will be pulling the strings on their beige puppet to bring us Act 2 of the New World Order.

Our side ran two candidates who couldn't even win their own home states, and Chris Christie helped Obama over the top with a glowing "post Sandy " tribute that elevated the "Commander-in-Chief" to Mother Teresa status. (Aside: with the way the polls were run, he didn't need any help!)

People like me are completely politically irrelevant, and I will never again comment on or concern myself with the aforementioned coalition which has surrendered our culture, our heritage and our traditions without a shot being fired.

You will never again out-vote these people. It will take individual acts of defiance and massive displays of civil disobedience to get back the rights we have allowed them to take away. It will take Zealots, not moderates & shy not reach-across-the-aisle RINOs to right this ship and restore our beloved country to its former status. Those who come after us will have to risk their lives, their fortunes and their sacred honor to bring back the Republic that this generation has timidly frittered away due to "white guilt" and political correctness..........

An American Veteran.......... Semper-Fi

Got the guts to pass it on?

FW: Another capitalist

A union boss walks into a bar next door to the factory and is about to order
a drink to celebrate Obama's victory when he sees a guy close by wearing a
Romney for President button and two beers in front of him. He doesn't have
to be an Einstein to know that this guy is a Republican.

So, he shouts over to the bartender so loudly that everyone can hear,
"Drinks for everyone in here, bartender, but not for the Republican."

Soon after the drinks have been handed out, the Republican gives him a big
smile, waves at him, then says, "Thank you!" in an equally loud voice. This
infuriates the union boss.

The union boss once again loudly orders drinks for everyone except the
Republican. As before, this does not seem to bother the Republican. He
continues to smile, and again yells, "Thank you!"

The union boss once again loudly orders drinks for everyone except the
Republican. As before, this does not seem to bother the Republican. He
continues to smile, and again yells, "Thank you!"

The union boss asks the bartender, "What the hell is the matter with that
Republican? I've ordered three rounds of drinks for everyone in the bar but
him, and all the silly ass does is smile and thanks me. Is he nuts?"

"Nope," replies the bartender. "He owns the place."

Fw: Union Guy

A union shop foreman walks into a bar next door to the factory and is about to order a drink to celebrate Obama’s victory when he sees a guy close by wearing a Romney for President button and two beers in front of him. He doesn't have to be an Einstein to know that this guy is a Republican. So, he shouts over to the bartender so loudly that everyone can hear, "Drinks for everyone in here, bartender, but not for the Republican."

Soon after the drinks have been handed out, the Republican gives him a big smile, waves at him, then says, "Thank you!" in an equally loud voice. This infuriates the union official.

The union captain once again loudly orders drinks for everyone except the Republican. As before, this does not seem to bother the Republican. He continues to smile, and again yells, "Thank you!"

The union guy once again loudly orders drinks for everyone except the Republican. As before, this does not seem to bother the Republican. He continues to smile, and again yells, "Thank you!"

The union guy asks the bartender, "What the hell is the matter with that Republican? I've ordered three rounds of drinks for everyone in the bar but him, and all the silly idiot does is smile and thanks me. Is he nuts?"

"Nope," replies the bartender. "He owns the place”

Fwd: GM Sales Myth

Subject: Fwd: GM Sales Myth

---------- Forwarded message ----------
From:
Date: Sat, Nov 3, 2012 at 8:51 PM
Subject: GM Sales Myth
To:

GM Sales: Bloomberg report.
79% of GM’s sales last month was government purchased. During 2012, remember how Obama keeps telling us how he saved GM, and how our economy is getting better, it seems the car company he bought is being saved by Govt employees using our tax money to buy new cars. GM’s sales figures for last month were the best since 2008 , up 16% for the month of June.
YIPPEE!
Well, wait just a minute. It seems that those rosy sales figures are due primarily to a 79% increase in fleet sales to the U.S. government in June.

That’s right. Our tax dollars are being used to pump up GM’s sales figures ahead of next month’s quarterly report so that our Dear Leader can point to "Government Motors" as a huge success. The incestuous relationship between GM, the UAW and the Regime has never been more glaringly apparent.

GM is unsustainable without government subsidies and will ultimately go bust again, taking billions of taxpayer dollars down with it . We bailed out General Motors to the tune of $50 billion. $30 billion of this is effectively a loss, mostly sunk into fattening the United Auto Workers Union—plus fierce fierce Obama supporters—while the actual bondholders were shown the elevator shaft.
Meanwhile, as News Busters reports, “We the Taxpayers are still stuck holding 500+ million shares of GM stock. Which we need to sell at $53 per share. Which debuted post-bankruptcy at $33 per share.. And which is currently trading at just over $20 per. Meaning we’ll lose about $15 billion.” But it gets better. Despite the overwhelming negatives, the tiny bright spot of positive June sales numbers is being heralded by Obama and the leftist press as proof the auto bailout was a “success.”
Obama is now campaigning on the “success” of – the government buying cars from…the government’s car company...with our money.
American vision says That’s like you setting up a lemonade stand for your kids. You buy them the lemons, sugar, cups and pitchers – and then buy most of the lemonade yourself.
The pressure is on Government Motors to appear financially strong as this may be the last earnings report before November elections and sets the stage for how “successful” GM is. One of GM’s past tricks to help fudge earnings numbers has been to stuff truck inventory channels. Old habits die hard at GM.
According to a Bloomberg report, “GM said inventory of its full-size pickups, which will be refreshed next year, climbed to 238,194 at the end of June, a 135 days’ supply, up from 116 days at the end of May.” 135 days’ supply is huge, the accepted norm is a 60 day supply.
The trick here is that GM records revenue (probably at list prices for costing and sales number) when vehicles go into dealerships to be floor planned.
We are being fed a numbers game.

Fw: Fwd: FW: Frank Dowd's editorial from yesterday

Well worth the time to read...........

Subject: Frank Dowd's editorial from yesterday

http://www.charlotteobserver.com/2011/07/17/2459609/obamas-war-on-business.html#storylink=misearch

Fw: Gov. Christie tells it like it is

This guy is amazing. Here’s a politician that tells the truth, plainly and clearly. The unions are killing America’s economy.
http://washingtonexaminer.com/print/blogs/beltway-confidential/2011/01/gov-christie-public-employees-dont-be-angry-first-guy-came-here-a

Fw: Introducing a New Pistol in honnor of Obama

Ruger is coming out with a new pistol in honor of Obama. It will be named the “Union Worker”.

It doesn’t work and you can’t fire it.

Fw: Union Funds

NO WONDER, THE DEM'S ARE FIGHTING SO HARD FOR THE UNIONS - THEY CAN BE BOUGHT - LOOK AT THESE NUMBERS - WOW!! - PATRICK

information for dissemination..............

Subject: Fw: Union Funds

Just in case anyone wonders why Obama and his friends are so hot to support labor unions, particularly government employee unions, check out union contributions:

Fw: WISCONSIN TEACHER ACTUAL WAGES - THIS WILL GET YOUR ATTENTION

Sent: 3/15/2011 8:21:57 A.M. Central Daylight Time
Subj: Fw: WISCONSIN TEACHER ACTUAL WAGES - THIS WILL GET YOUR ATTENTION

WISCONSIN TEACHER ACTUAL WAGES - THIS WILL GET YOUR ATTENTION

OH TO BE A TEACHER OR COLLEGE PROFESSOR IN WISCONSIN
Subject: 2010 Wisconsin Teacher Actual Wages - THIS WILL GET YOUR ATTENTION!
No wonder the unions don't want to give up their power. . . .

ATTACHED: This is the official excel DPI database of Wisconsin teachers' wages by school district. Look up your own district !!!

AVERAGE WAGE AND BENEFITS (remember this is for about 9 months of work) includes a computation for retirement benefits, health and life insurance, sick day pay accrual, vacation days, personal holidays.

TEACHERS:
Milwaukee         $86,297
Elmbrook          $91,065
Germantown      $83,818
Hartland Arrwhd    $90,285 (highest teacher was $122,952-lowest was $64,942)
Men Falls          $81,099
West Bend       $82,153
Waukesha        $92,902
Sussex            $82,956
Mequon            $95,297
Kettle Mor       $87,676
Muskego         $91,341
STAFF:
Arrowhead - Bus Mng - Kopecky - $169,525
Arrowhead - Principal - Wieczorek -   $152,519
Grmtwn - Asst Princ - Dave Towers - $123,222
Elmbrk - Burliegh Elemetary - Principal Zahn- $142,315 (for a primary school!!)
Madison - Asst Principal - McGrath - $127,835
UNIVERSITY of WISCONSIN STAFF (2009) (salary alone):
Michael Knetter - Prof of Bus - $327,828
Carolyn Martin - Chancellor Mad- $437,000
Hector Deluca   - Prof of Nutritional Science - $254,877 (really??)
(source: Madison.com -as the UW removed salaries from being posted online in 2007- why if they are so low?)
How about some other "public servant job" ??? What do they make?
Madison Garbage men (2009) (salary only):
· Garbageman, Mr. Nelson earned $159,258 in 2009, including $109,892 in overtime and other pay.
· Garbageman, Greg Tatman, who earned $125,598
· 7 Madison garbage men made over $100,000
· 30 Madison garbage men made over $70,000
MILWAUKEE CITY BUS DRIVERS (salary only):
136 Drivers made more than $70,000
54 Drivers made more than $80,000
18 Drivers made more than $90,000
   8 Drivers made more than $100,000
         Top Driver made $117,000
(Source WTMJ)

(The average private bus driver makes $9-13 an hour (about 20,000 year) with no pension, or healthcare.)
AND WE ARE SUPPOSED TO CONTINUE PAYING 100% OF THEIR GENEROUS RETIREMENT? THEY HAVE SHUT DOWN SCHOOLS AS THEY DON'T WANT TO PAY 5.8% OF IT THEMSELVES ....REALLY?

Fwd: Ford Plant

From

Subject: Fwd: Ford Plant

Ford Plant

CANNOT HAPPEN IN THE UNITED STATES UNTIL AUTO MANUFACTURERS GET RID OF THE UAW UNION .

EFFICIENT? This will knock your socks off!! Ford Plant

This is fascinating. If you watch, listen to the very last couple of sentences.

This is a short video of a new Ford plant in Brazil . One look at this and you will be able to understand why there will probably never be another assembly plant built in the USA .

It will also point out why more assembly plants will go offshore.

You won't doubt that Ford, GM, and Chrysler are destined to go under, after watching this video.

They will survive, but their assembly operations in the U.S. likely won't, whether we provide a bailout or not (listen closely at the end for the reason why).

Watch the video, then pass it on!

http://apps.detnews.com/apps/multimedia/player/index.php?id=1189

FW: Chrysler's Scandal

Subject:  Chrysler's Scandal

Chrysler'sRailroad

This could be a scandal of epic proportions and one that makes Nixon's Watergate or  Clinton  's Monica Lewinsky affair pale by comparison. Why was there neither rhyme nor reason as to which dealerships of the Chrysler Corporation were to be closed?

Roll the clock back to the weeks just before Chrysler declared bankruptcy. Chrysler, like GM, was in dire financial straits and federal government "graciously" offered to "buy the company" and keep them out of bankruptcy and "save jobs."

Chrysler was, in the words of Obama and his administration,

"Too big to fail," same story with GM.

The feds organized their "Automotive Task Force" to fix Chrysler and GM. Obama, in an act that is 100% unconstitutional, appointed a guy named Steve Rattner to be the White House's official Car Czar - literally, that's what his title is.

Rattner is the liaison between Obama, Chrysler, and GM.

Initially, the national media reported that Chrysler 'had made this list of dealerships'. Not true!

The Washington Examiner, Newsmax, Fox New and a host of other news agencies discovered that the list of dealerships was put together by the "Automotive Task Force" headed by no one other than Mr. Steve Rattner.

Now the plot thickens.

Remember earlier we said that there was neither rhyme nor reason why certain dealerships were closed?

Actually there's a very interesting pattern as to who was closed down. Again, on May 27, 2009, The Washington Examiner and Newsmax exposed the connection.
Amazingly, of the 789 dealerships closed by the federal government, 788 had donated money, exclusively to Republican political causes, while contributing nothing to Democratic political causes. The only "Democratic" dealership on the list was found to have donated $7,700 to Hillary's campaign, and a bit over $2,000 to John Edwards. This same dealership, reportedly, also gave $200.00 to Obama's campaign.

Does that seem a little odd to you?

Steve Rattner is the guy who put the list together. Well, he happens to be married to a Maureen White. Maureen happens to be the former national finance chairman of the Democratic National Committee. As such, she has access to campaign donation records from everyone in the nation- Republican or Democrat. But of course, this is just a wacky "coincidence," we're certain.

Then comes another really wacky "coincidence."

On that list of dealerships being closed down, a weird thing happened in  Arkansas , North Louisiana, and  Southern Missouri . It seems that Bill Clinton's former White House Chief of Staff, Mack McClarty, owns a chain of dealership in that region, partnered with a fellow by the name of Robert Johnson.
Johnson happens to be founder of Black Entertainment Television and was a huge Obama supporter and financier.

These guys own a half dozen Chrysler stores under the company title of RLJ-McClarty-Landers.Interestingly, none of their dealerships were ordered closed - not one!
While all of their competing Chrysler/Dodge and Jeep dealership were!

Eight dealerships located near the dealerships owned by McClarty and Johnson were ordered shut down. Thus by pure luck, these two major Obama supporters now have virtual monopoly on Chrysler sales in their zone.

Isn't that amazing?

Go look in The Washington Examiner, the story's there, and it's in a dozen or so other web-based news organizations; this isn't being made up.

Now if you thought Chrysler was owned by Fiat, you are mistaken. Under the federal court ruling, 65% of Chrysler is now owned by the federal government and the United Auto Workers union!
Fiat owns 20%.

The other 15% is still privately owned and presumably will be traded on the stock market. Obama smiles and says he doesn't want to run the auto industry.

As horrifying as this is to comprehend, and being as how this used to be the  United States of America , it would appear that the president has the power to destroy private businesses and eliminate upwards of 100,000 jobs just because they don't agree with his political agenda.

This is Nazi Germany stuff, and it's happening right here, right now, in our back yard.

There are voices in  Washington  demanding an explanation, but the "Automotive Task Force" has released no information to the public or to any of the senators demanding answers for what has been done.

Keep your ear to the ground for more on this story. If you've ever wanted to make a difference about anything in your life, get on the phone to your national senator or representative in the House and demand an investigation into this.

Benjamin Franklin had it right when he said, "All that's necessary for evil to triumph is for good men to do nothing."

                                      Car Czar No More
An amazing thing happened as this story was going to press. Obama's Car Czar, Steve Rattner, resigned on July 13 and was promptly replaced by formersteel workers union boss Ron Bloom.
According to CBS News, Rattner left "to return to private life and spend time with his family."
Treasury Secretary Tim Geithner said, "I hope that he takes another opportunity to bring his unique skills to government service in the future."

By the way, Rattner is under investigation for a multi-million dollar pay-to-play investment bank scandal in  New York  .
Uh-oh!

But, we're certain that had nothing to do with his resignation.

And, according to several news sources out there, there are rumors he's being investigated for what could be pay-to-play scandal involving the closing of Chrysler and GM dealerships. Really? Again, that couldn't have anything to with his resignation-that's ridiculous! Like CBS said, this guy just wants to "spend more quality time with his family."

Obama has32 personally appointed "czars" who answer to no one but him, all of whom are acting without any Constitutional authority.
But hey, we're sure they all have "unique skills,"......as Tim Geithner likes to say!

                  SOOOOO….HOW’S THE CHANGEWORKING FOR YOU?…..

Check it out at the following websites....

http://urlblockederror.aspx/

http://www.washingtonexaminer.com/politics/Obamas-auto-policy-All-in-the-Democratic-family-44414452.html

This goes beyond corruption in high places - to gross criminal actions on the part of our government! I hope you will spread this far and wide, and hopefully the taxpaying public will demand some of that transparency we were promised......followed by criminal prosecution of the perpetrators!

   What a crooked government, we have!!!!!  Vote 'em all out...November, 2010!

------ End of Forwarded Message

FW: First Boat Launching

----- Forwarded Message ----
From:
To:
Sent: Thu, December 24, 2009 9:58:29 AM
Subject: FW: First Boat Launching

Subj: First Boat Launching

This was this guy's first boat and he was taking it to the lake, but he
wasn't quite sure of the correct procedure for launching a boat off a ramp.
However, he figured it couldn't be that difficult to do, so he stopped by his
Union Office for advice, and they just told him... "Don't let the trailer get
too deep in the water when you're launching your boat".
Well later on, he couldn't understand what they meant by that, as
he just could barely get his trailer in the water!
Here's a picture worth a "thousand' words! You're gonna love this guy!!!

PS: The Sticker on the rear window glass explains everything!!!

FW: London Daily Mail article

----- Original Message -----

http://www.johntreed.com/DailyMail.html

John T. Reed

London Daily Mail editorial 1/6/2009

Obama's Victory--A British view

A victory for the hysterical Oprah Winfrey, the mad

racist preacher Jeremiah Wright, the US mainstream media who abandoned any

sense of objectivity long ago, Europeans who despise America largely because

they depend on her, comics who claim to be dangerous and fearless but would

not dare attack genuinely powerful special interest groups. A victory for

Obama-worshippers everywhere. A victory for the cult of the cult. A man who

has done little with his life but has written about his achievements as if

he had found the cure for cancer in between winning a marathon and building

a nuclear reactor with his teeth. Victory for style over substance,

hyperbole over history, rabble-raising over reality.

A victory for Hollywood , the most dysfunctional

community in the world. Victory for Streisand, Spielberg, Soros, Moore, and

Sarandon. Victory for those who prefer welfare to will and interference to

independence. For those who settle for group think and herd mentality

rather than those who fight for individual initiative and the right to be

out of step with meager political fashion.

Victory for a man who is no friend of freedom. He and

his people have already stated that media has to be controlled so as to be

balanced, without realizing the extraordinary irony within that statement.

Like most liberal zealots, the Obama worshippers constantly speak of Fox and

Limbaugh, when the vast bulk of television stations and newspapers are

drastically liberal and anti-conservative. Senior Democrat Chuck Schumer

said that just as pornography should be censored, so should talk radio. In

other words, one of the few free and open means of popular expression may

well be cornered and beaten by bullies who even in triumph cannot tolerate

any criticism and opposition. A victory for those who believe the state is

better qualified to raise children than the family, for those who prefer

teachers' unions to teaching and for those who are naively convinced that if

the West is sufficiently weak towards its enemies, war and terror will

dissolve as quickly as the tears on the face of a leftist celebrity. A

victory for social democracy even after most of Europe has come to the

painful conclusion that social democracy leads to mediocrity, failure,

unemployment, inflation, higher taxes and economic stagnation. A victory for

intrusive lawyers, banal sentimentalists, social extremists and urban snobs.

Congratulations America !

Fwd: Fw: Check out NOAH TODAY...

Yuck-yuck. -- dave

Thanks Dave, this is a re-do of an older email, with, um, music. Imagine if all forwards had a midi soundtrack. Ahhhhh... Never mind. -m

------begin forward-------

NOAH TODAY.... SOUND
.

Fwd: 10 Reasons to Whack Obama's Stimulus Plan -- it aint just about "politics"

66% OF THE STIMULUS IS SPENT IN 2011 FORWARD. SO OBAMA & CO. REALIZE THE RECESSION WILL END LATER THIS YEAR IN ANY EVENT, AND THE $600 BILLION FOR THE OUT YEARS ARE MERELY DEMOCRATIC HOBBY HORSES: GLOBAL WARMING, MONEY TO UNIONS DISGUISED AS INFRASTRUCTURE REPAIR, ETC. AS RAHM EMMANUEL SAYS: "CAN'T WASTE A GOOD CRISIS". I DON'T OBJECT TO THE GOALS. I DO OBJECT TO BORROWING A TRILLION DOLLARS IN EACH OF THE NEXT TWO YEARS TO PAY FOR THEM. STIMULUS DIDN'T WORK FOR FDR; WWII DID THE TRICK, AS YOUR ATTACHED ARTICLE SAYS. MY CURE:

1. 3% MORTGAGES. 12-MONTH HOUSING INVENTORY WILL FLY OFF THE SHELVES.

2. ESTABLISH THE "BAD BANK" AND TAKE ALL THE TOXIC ASSETS FROM THE BANKS. WILL LIKELY COST $2-3 TRILLION, BUT VAST MAJORITY WILL BE PAID OFF;THEREFORE NO LOSSES TO TAXPAYERS. THIS WILL ALLOW BANKS TO LOAN AGAIN WITH CLEAN BALANCE SHEETS, AND NO FEAR OF COUNTERPARTY RISK.

INSTEAD, WE GET A STIMULUS PLAN THAT IS A DEMOCRATIC PARTY WET DREAM, AND THE NATIONAL DEBT GOES TO $14 TRILLION, WHICH EQUALS THE ANNUAL AMERICAN GDP.

10 Reasons to Whack Obama's Stimulus Plan
January 27, 2009 02:10 PM ET | James Pethokoukis | Permanent Link | Print
Some people are going to oppose President Obama's ginormous stimulus package just because they're on a different political team. But when you look at the economic evidence, it sure seems like an economic recovery package that's heavy on government spending and light on tax cuts is just the opposite of what we should be doing right now. Try this closing argument on for size:

1) A 2005 study by Andrew Mountford and Harald Uhlig "analyzed three types of policy shocks: a deficit-financed spending increase, a balanced budget spending increase (financed with higher taxes) and a deficit-financed tax cut, in which revenues increase but government spending stays unchanged. We found that a deficit-spending shock stimulates the economy for the first 4 quarters but only weakly compared to that for a deficit-financed tax cut." In other words, FDR vs. Clinton vs. Reagan, Reagan wins.

2) Harvard economist Robert Barro looked at the multiplier effect of World War II military spending -- supposedly the Mother of All Stimulus Plans and found that "wartime production siphoned off resources from other economic uses — there was a dampener, rather than a multiplier." Barro prefers eliminating the corporate income tax to massive government spending.

3) Alberto Alesina of Harvard and Luigi Zingales of the University of Chicago want to adress the fear and confidence issue by creating "the incentive for people to take more risk and move their savings from government bonds to risky assets. There is no better way to encourage this than a temporary elimination of the capital-gains tax for all the investments begun during 2009 and held for at least two years."

4) An initial CBO analysis found that a mere $26 billion out of $274 billion in infrastructure spending, just 7 percent, would be delivered into the economy by next fall. An update determined that just 64 percent of the stimulus would reach the economy by 2011.

5) University of Chicago economist and Nobel laureate Gary Becker doubts whether all this stimulus spending will do much to lower unemployment: "For one thing, the true value of these government programs may be limited because they will be put together hastily, and are likely to contain a lot of political pork and other inefficiencies. For another thing, with unemployment at 7% to 8% of the labor force, it is impossible to target effective spending programs that primarily utilize unemployed workers, or underemployed capital. Spending on infrastructure, and especially on health, energy, and education, will mainly attract employed persons from other activities to the activities stimulated by the government spending. The net job creation from these and related spending is likely to be rather small. In addition, if the private activities crowded out are more valuable than the activities hastily stimulated by this plan, the value of the increase in employment and GDP could be very small, even negative."

6) Christina Romer, the new head of the Council of Economic Advisers, coauthored a paper in which the following was written about taxes: "Tax increases appear to have a very large, sustained, and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects." And former Bush economic adviser Lawrence Lindsey tack on this addendum: "The macroeconomic benefits of tax cuts can be two to three times larger than common estimates of the benefits related to spending increases. The relative advantage of tax cuts over spending is even clearer when the recession is centered on the household balance sheet."

7) Economists Susan Woodward and Robert Hall find that the multiplier effect from infrastructure spending maybe just 1-for-1, less than that 3-to-1 ratio for tax cuts that Romer found: "We believe that the one-for-one rule derived from wartime increases in military spending would also apply to increases in infrastructure spending in a stimulus package. We should not count on any inducement of higher consumption from the infrastructure stimulus."

8) Economist John Taylor thinks it better to let the Federal Reserve deal with the short-term problems in the economy, while fiscal policy should attend to long-term issues: "In the current context of the U.S. economy, it seems best to let fiscal policy have its main countercyclical impact through the automatic stabilizer ... It seems hard to improve on this performance with a more active discretionary fiscal policy, and an activist discretionary fiscal policy might even make the job of monetary authorities more difficult. It would be appropriate in the present American context, for discretionary fiscal policy to be saved explicitly for longer-term issues, requiring less frequent changes. Examples of such a longer-term focus include fiscal policy proposals to balance the non-Social Security budget over the next ten years, to reduce marginal tax rates for long run economic efficiency, or even to reform the tax system and Social Security."

9) Massive stimulus didn't work in the Great Depression. As this Heritage Foundation study notes: "After the stock market collapse in 1929, the Hoover Administration increased federal spending by 47 percent over the following three years. As a result, federal spending increased from 3.4 percent of GDP in 1930 to 6.9 percent in 1932 and reached 9.8 percent by 1940. That same year-- 10 years into the Great Depression--America's unemployment rate stood at 14.6 percent." Same goes for Japan and its Great Stagnation of the 1990s.

10) Olivier Blanchard, the chief economist of the International Monetary Fund, coauthored a paper which found "that both increases in taxes and increases in government spending have a strong negative effect on private investment spending."
Bottom line: There is another model out there. One that worked in 2003, 1997 and 1981. But will America use it?
Sources:
1) http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2005-039.pdf
2) http://online.wsj.com/article/SB123258618204604599.html
3) http://online.wsj.com/article/SB123249646698200289.html
4) http://cboblog.cbo.gov/
5)http://www.becker-posner-blog.com/archives/2009/01/on_the_obama_st.htm
6)http://www.econ.berkeley.edu/~cromer/RomerDraft307.pdf
7)http://woodwardhall.wordpress.com/2008/12/11/measuring-the-effect-of-infrastructure-spending-on-gdp/
8)http://www.stanford.edu/~johntayl/Papers/Reassessing+Revised.pdf
9) http://www.heritage.org/research/economy/bg2222.cf
10) http://www.mitpressjournals.org/doi/abs/10.1162/003355302320935043?cookieSet=1&journalCode=qjec
11) http://www.weeklystandard.com/Content/Public/Articles/000/000/015/951hvyxc.asp?pg=

Fw: GM (this is a good one)

Thanks Wally for this fine opportunity to see how the DNA of some forwards evolve and change. The letter below is slightly less hard on the auto unions than this letter. Same author, same gist, yet slightly different. May one was a draft of the other? Anyway, enjoy it again. -mike

Subject: GM (this is a good one)

A letter from Troy Clarke, President of General Motors - followed by a response from Gregory Knox of Knox Machinery:

Dear Employees & suppliers,
Next week, Congress and the current Administration will determine whether to provide immediate support to the domestic auto industry to help it through one of the most difficult economic times in our nation's history. Your elected officials must hear from all of us now on why this support is critical to our continuing the progress we began prior to the global financial crisis......................As an employee or supplier, you have a lot at stake and continue to be one of our most effective and passionate voices. I know GM can count on you to have your voice heard.
Thank you for your urgent action and ongoing support.

Troy Clarke President General Motors North America

From Gregory Knox,

In response to your request to call legislators and ask for a bailout for the United States automakers please consider the following, and please also pass this onto Troy Clark, the president of General Motors North America for me.
You are both infected with the same entitlement mentality that has bred like cancerous germs in UAW halls for the last countless decades, and whose plague is now sweeping the nation, awaiting our new "messiah" to wave his magical wand and make all our problems go away, while at the same time allowing our once great nation to keep "living the dream"…
The dream is over!
The dream that we can ignore the consumer for years while management myopically focuses on its personal rewards packages at the same time that our factories have been filled with the worlds most overpaid, arrogant, ignorant and laziest entitlement minded "laborers" without paying the price for these atrocities…and that still the masses will line up to buy our products
Don't tell me I'm wrong. Don't accuse me of not knowing of what I speak. I have called on Ford, GM, Chrysler, TRW, Delphi, Kelsey Hayes, American Axle and countless other automotive OEM's and Tier ones for 3 decades now throughout the Midwest and what I've seen over the years in these union shops can only be described as disgusting.
Mr. Clark, the president of General Motors, states:
There is widespread sentiment in this country, our government and especially in the media that the current crisis is completely the result of bad management. It is not…
You're right – it's not JUST management…how about the electricians who walk around the plants like lords in feudal times, making people wait on them for countless hours while they drag ass…so they can come in on the weekend and make double and triple time…for a job they easily could have done within their normal 40 hour week.
How about the line workers who threaten newbies with all kinds of scare tactics…for putting out too many parts on a shift…and for being too productive (mustn't expose the lazy bums who have been getting overpaid for decades for their horrific underproduction, must we?!?) Do you really not know about this stuff?!?
How about this great sentiment abridged from Mr. Clarke's sad plea:
"Over the last few years have closed the quality and efficiency gaps with our competitors. "
What the hell has Detroit been doing for the last 40 years?!?
Did we really JUST wake up to the gaps in quality and efficiency between us and them?
The K car vs. the Accord?
The Pinto vs. the Civic?!?
Do I need to go on?
We are living through the inevitable outcome of the actions of the United States auto industry for decades.
Time to pay for your sins, Detroit .
I attended an economic summit last week where a brilliant economist, Alan Beaulieu surprised the crowd when he said he would not have given the banks a penny of "bailout money". Yes, he said, this would cause short term problems, but despite what people like George Bush and Troy Clark would have us believe, the sun would in fact rise the next day… and something else would happen…where there had been greedy and sloppy banks new efficient ones would pop up…that is how a free market system works…it does work…if we would let it work…
But for some reason we are now deciding that the rest of the world is right and that capitalism doesn't work – that we need the government to step in and "save us"…save us, hell – we're nationalizing…and unfortunately too many of this once fine nations citizens don't even have a clue that this is what's really happening…but they sure can tell you the stats on their favorite sports teams…yeah – THAT'S important…
Does it occur to ANYONE that the "competition" has been producing vehicles, EXTREMELY PROFITABLY, for decades in this country?...
How can that be???
Let's see…
Fuel efficient…
Listening to customers…
Investing in the proper tooling and automation for the long haul…
Ever increased productivity through quality, lean and six sigma plans…
Treating vendors like strategic partners, rather than like "the enemy"…
Efficient front and back offices…
Again, I could go on and on, but I really wouldn't be telling anyone anything they really don't already know in their hearts.
I have six children, so I am not unfamiliar with the concept of wanting someone to bail you out of a mess that you have gotten yourself into – my children do this on a weekly, if not daily basis, as I did at their age. I do for them what my parents did for me (one of their greatest gifts, by the way) – I make them stand on their own two feet and accept the consequences of their actions and work them through.
Radical concept, huh…
Am I there for them in the wings? Of course – but only until such time as they need to be fully on their own as adults.
I don't want to oversimplify a complex situation, but there certainly are unmistakable parallels here between the proper role of parenting and government.
Detroit and the United States need to pay for their sins.
Bad news people – it's coming whether we like it or not. The newly elected "Messiah" really doesn't have a magic wand big enough to "make it all go away". I laughed as I heard Obama "reeling it back in" almost immediately after the vote count was tallied…"we might not do it in a year…or in four…" where was that kind of talk when he was RUNNING for the office
Stop trying to put off the inevitable …
That house in Florida really isn't worth $750,000…
People who jump across a border really don't deserve free health care benefits…
That job driving that forklift for the big 3 really isn't worth $95,000 a year…
That couple whose combined income is less than $50,000 really shouldn't be living in that $485,000 home…
Let the market correct itself people – it will. Yes it will be painful, but it's gonna be painful either way, and the bright side of my proposal is that on the other side of it is a nation that appreciates what is has…and doesn't live beyond its means…and gets back to basics…and redevelops the work ethic that made it the greatest nation in the history of the world…and probably turns back to God.
Sorry – don't cut my head off, I'm just the messenger sharing with you the "bad news"

Gregory J. Knox
President
Knox Machinery, Inc.
Franklin, Ohio 45005

MyRightWingDad.net