Posted on 01/01/2008 4:29:47 PM PST by LowCountryJoe
(Excerpt) Read more at businessandmedia.org ...
No, it is definately not in recession. It likely will skip right over that phase and straight into a depression. I am not optimistic.
3. Lenders are responsible for everyone’s debts.
Media myth: Drowning in red ink isn’t your fault; blame the guy who loaned you the money.
“The Bank loaned me more money than I could pay back”
Is it because they're not repaying their mortgages according to the terms of their loans? I have no sympathy for welchers, flakes, and people who over extended themselves. But I guess the holders of mortgage-backed securities will take it in the chin because of misplaced blame, populism papulism, and otherwise falling for the trap of doing good for the unfortunate of our society.
Current consumer of ATC services, and I've been on the receiving end of all sorts of NY Approach/Departure delays. If there's ever a silver-bullet solution to a problem, it is letting the market clear, but that's tricky when dealing with a public asset like the airspace (or the airwaves). Thanks for posting and listening.
Anger has no place in this. LC Joe, you're so right in that post you link to! You are thinking very clearly when you point to the New Deal mentality that created the whole illegal immigrant mess in the first place. I think minimum wage is a HUGE HUGE contributor -- for God's sake, go down to Guaymas or Hermasillo and understand that a minimum wage job where all you have to do to be beloved and steadily employed by an American employer a few hundred miles north, is to show up regularly and do your low-skilled job -- and earn enough money to keep a large family well! Good people live in cardboard villages down there, for Pete's sake!
OF COURSE those people are going to bust ass to get up to the U.S., especially when their competition in the low-skilled minimum wage workforce market is mainly sullen American kids with bad attitudes and a worse work ethic. Employers are not to blame for this -- THE GOVERNMENT IS TO BLAME. And then the illegal immigrants are further rewarded with free education, tuition breaks, free health care, welfare, entitlements, and on and on and on, all provided by THE GOVERNMENT!
The GOVERNMENT is the cause, and the biggest fence and the screamingest anger in the world aren't going to do a damned thing. What WILL do something constructive is replacing big-government thinkiers with politicians who understand the postive power of LIMITED GOVERNMENT to solve root problems.
I saw some FReeper here (you, perhaps?) once liken it to having a problem with cockroaches, and noting that you can spray with poison and patch a few holes, but as long as you leave free food lying around, you're always going to have a cockroach problem.
I am 100 percent for Fred Thompson because he articulates and his record clearly shows a fundamental embrace of LIMITED GOVERNMENT principles. He's the right guy for the Republican party and the right guy for hard-working Americans who are sick and tired of nanny government "fixing" things for us.
I did not make any editorial on the fact, just reported it. But you are correct, the ramifications will be felt in many more areas than just the lender and their bank.
Really? Cannot survive? We all wither and die or is there some other method in which we don’t survive? And it is this non-survival mode all laid at the feet of cheap labor?
Elaborate...with more hyperbole, if you would, please.
No idea whatsoever what the Hell you are talking about.
But you have fun with whatever illness you are currently on medication for.
Since that link is a compilation of different essays on different subjects and since you are not identifying what you are talking about, I think I’ll pass on any reply at all.
It’s still New Years. - Go have another drink.
Mythbusters should put the media on their show.
Nope, none at all! I just make up this bullshit on the fly.
But you have fun with whatever illness you are currently on medication for.
And that's about all I have to say tonight, except for one thing. The past few days when I've been at that window upstairs, I've thought a bit of the 'shining city upon a hill.' The phrase comes from John Winthrop, who wrote it to describe the America he imagined. What he imagined was important because he was an early Pilgrim, an early freedom man. He journeyed here on what today we'd call a little wooden boat; and like the other Pilgrims, he was looking for a home that would be free. I've spoken of the shining city all my political life, but I don't know if I ever quite communicated what I saw when I said it. But in my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still. ~ from one parargraph of a random speech in 1989 by some old man -- probably off his medications -- and also not knowing what in the hell he was talking about either. [/sarcasm]
By the way, America did not survive earlier bouts of immigration.
Building some new airports would be nice too. Hard to do, I know, but we're crowding a lot of people through a very dated infrastructure.
Okay, I read it. It does not factor in the effect of being an illegal. An illegal will be more productive than an American (for certain types of jobs). This is because an illegal will work more cheaply to compensate the employer for the risk inherent in hiring him/her. So—enforcing immigration laws will make illegals work cheaper than they already do. This will force the wage to go below the demand curve of some illegals, and they will self deport. Or.... just have kids in this country and then go on welfare.
I consider myself a realist. I love the dynamism of our economy and love entrepreneurs and venture capitalists. I had an unsuccessful startup and worked for startups (mostly unsuccessful). But as I look around at my area (75 m west of DC), there's a lot of housing-related business going up in smoke. There's a pile of rural voters waiting to vote for whoever promises a handout. I see gold price rises and have been on that bandwagon for 4 years now. I don't like to spread bad news, but I have to call it as I see it.
Republicans should know better. Am I wrong? Or have I set our standards much too high?
Free school and food for the kiddies, free healthcare at the local emergency room, free incarceration for the criminals among them, for a start.
Exactly...comparatively or even on an absolute scale...the division of of labor (specialization). This is what we're talking about...it's the whole cornerstone of why we find value when we trade with one another.
This is because an illegal will work more cheaply to compensate the employer for the risk inherent in hiring him/her. So—enforcing immigration laws will make illegals work cheaper than they already do. This will force the wage to go below the demand curve of some illegals, and they will self deport.
An interesting tact to take. So why not just allow more immigrants to come here legally? Producers' productivity would increase and so would their profits. The quest for profits would lead to other producers to enter industry and thus raise demand for workers. The wages (or rather, compensation) will always return to productivity...producers entering the market will always be seeking profits until economic profits are zero...and more economic activity is always preferable to less.
These costs have been accounted for when studies have been done to determine net benefits to society because of immigration. And the negative effects of immigration have been overblown.
Your standards are where they should be. Although my country (Warren, VA) is strongly Republican, there is some complaiscence and in some cases a bit of loss of hope. Don't want to say "hopelessness" because it isn't that, but there are people who have worked hard and have had their first heart attack and are looking for a quick solution.
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