Union Violence Taught in College Class

26 Apr 2011

You don’t hear about this – union violence is taught in this college class.

VIDEO: Thuggery 101: Union Official, Professor Teach College Course in Violent Union Tactics

A few paraphrased quotes…

  • Industrial sabotage does have it’s place.
  • Violence is a tactic – it should be used if it’s the appropriate tactic
  • Police are union members now – that doesn’t mean that they bust fewer heads…
  • Violence is OK when used as self defense – it’s easy to make the transition to labor issues as self defense with regards to poverty, education, medicine, etc.

Unbelievable stuff.

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IMF Statement on America and China

26 Apr 2011

This was all over the news on yesterday.

IMF bombshell: Age of America nears end

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

If you read through the story, you will read about some experts saying it won’t happen until the 2020s – and China misreports the value of its currency. So there is some doubt. And this article, and mainly the headline, is put out there to get a certain reaction in my opinion.

I have a hard time believing this will happen – at least in this short of time frame for a couple of reasons.

1- China’s economy has grown mainly based on what America consumes. China exports a lot of products to America – look at your labels in Wal-Mart to see where the products are made. So if America declines, China will decline.

2- The big reason for America’s growth is capitalism and a large and free middle class. China’s government and social structure is such that capitalism will only go far before it is pulled back by the government. There will not be a large and free middle class society in China. Why? Because a large and free middle class does not need government – and if that is the case, the middle class gains power and the government loses power. China’s government will not allow that to happen, so growth will only go so far.

If China overtakes us – it will be more about America’s decline and China’s ability to export their goods to other countries. Under normal circumstances, that won’t happen for awhile.


Consumers Choose – Neat Apps or Privacy?

25 Apr 2011

The Really Smart Phone

Apple and Google may be intensifying privacy concerns by tracking where and when people use their mobile phones—but the true future of consumer surveillance is taking shape inside the cellphones at a weather-stained apartment complex in Cambridge, Mass.

For almost two years, Alex Pentland at the Massachusetts Institute of Technology has tracked 60 families living in campus quarters via sensors and software on their smartphones—recording their movements, relationships, moods, health, calling habits and spending. In this wealth of intimate detail, he is finding patterns of human behavior that could reveal how millions of people interact at home, work and play.

Now that it is becoming widely known that privacy will be compromised with the use of smart phone – the consumers have a choice.

Do you use smart phones with the neat applications OR do you use another product with increased privacy?


Social Media Open to Federal Investigations

25 Apr 2011

Feds mine Facebook for info

Federal investigators in Detroit have taken the rare step of obtaining search warrants that give them access to Facebook accounts of suspected criminals.

The warrants let investigators view photographs, email addresses, cell phone numbers, lists of friends who might double as partners in crime, and see GPS locations that could help disprove alibis.

There have been a few dozen search warrants for Facebook accounts nationwide since May 2009, including three approved recently by a federal magistrate judge in Detroit, according to a Detroit News analysis of publicly available federal court records.

Not surprising – but it does validate the concerns that the information is being collected – or at least stored for review by others.


New Hampshire Senate Passes Right-to-Work Law

21 Apr 2011

New Hampshire is first in Northeast to pass right-to-work

Passage would make it the 23rd state in the country with similar laws. Most right-to-work states are in the South and Western U.S.

Conservative activists say the law would make New Hampshire a magnet for businesses. Opponents say such legislation is an attack on unions and an attempt to erode worker rights.

New Hampshire is one of several states where public workers are battling new Republican leadership that has taken steps to curb labor unions and collective bargaining rights.

Definitely a victory here for individuals and companies – and against public sector unions.


Obama, Gates, $400 Billion in Defense Cuts

21 Apr 2011

I have been reading through Obama’s latest speeches to the college students in Virginia and yesterday on Facebook. Last week on 4/13, he announced $400 billion will be cut from defense. These last speeches has Obama stating that the money has been found and cut already. Here’s the Facebook statement.

So we’ve made cuts in every area. A good example is Pentagon spending, where Congress often times stuffs weapons systems in the Pentagon budget that the Pentagon itself says we don’t need. But special interests and constituencies helped to bloat the Pentagon budget. So we’ve already reduced the Pentagon budget by about $400 billion. We think we can do about another $400 billion.

This at first didn’t make sense since we spent around $660 billion in 2010 per the White House OMB numbers. Are we really cutting almost 2/3 of military spending? And how can we cut $400 billion more (totaling $800 billion) when we haven’t spent that much? After doing some research, I came across this…

Obama and Gates Disagree to Agree on Military Spending

The $400 billion figure is based primarily on the $330 billion Gates claimed he had saved by stopping, reducing or otherwise changing plans for 31 weapons programs. But contrary to the impression left by Obama, that figure does not reflect any cut in projected DOD spending. All of it was used to increase spending on operations and investment in the military budget.

The figure was concocted, moreover, by using tricky accounting methods verging on chicanery. It was based on arbitrary assumptions about how much all 31 programs would have cost over their entire lifetimes stretching decades into the future, assuming they would all reach completion. That methodology offered endless possibilities for inflated claims of savings.

These spending cuts are phony. They are not real. These are reductions in future increases.


Solving the Debt/Deficit – Tax Receipts and GDP

18 Apr 2011

Here is an excel sheet from the White House that shows Federal Tax Receipts and Federal spending as a percentage of GDP.

Table 1.2—Summary of Receipts, Outlays, and Surpluses or Deficits (-) as Percentages of GDP: 1930–2016

Here’s what to take from this…

1- Since 1940, taxes received as a percentage of GDP has remained between 15% and 20%. This is regardless of the tax rate – whether it’s Carter’s 70% rate or Reagan’s 28% rate – it didn’t matter. So when the economy is booming, there is more tax money coming in because the GDP is larger. When the economy shrinks, so does government income due to tax income. What this says is that taxing the rich won’t matter in paying down the debt.

2- Note the Surplus or Deficit column. Two things to note.
a) The amount of negative years versus positive years.
b) The large jump post 2009.

What this says is that government is continuously spending beyond the money it receives. CONTINUOUSLY.

The solution to the debt and deficits is simple.

  • Government needs to spend within it’s means.
  • Government needs to do what it can to boost the economy in order to increase the amount it receives – and then use extra money to pay down debt.