"If you pick up a starving dog and make him prosperous, he will not bite you. This is the principal difference between a dog and a man." - Mark Twain
Sunday, May 20, 2012

Weekend Reminder

The dlmReport is published Monday-Friday at about 8am EST. On Saturdays we run Op-Eds and "leftovers" those items we didn't have room for during the week. On Sundays we sometimes publish something funny to take a day off.
If you missed a report, old ones can be found in the Report Archives.
“If you read these recent headlines, they're very positive. Unemployment is bad, so dropping, dipping, falling... these all positive indicators for a sagging economy. We want less unemployment so at quick glance, collectively reading, we're improving.

How about this for a headline: Grade Point Averages Increase 15%

If students at some fictitious high school drop out, they are no longer included in the overall GPA. If students give up on education is a headline about how the overall GPA improves accurate? Mathematically, yes.

When unemployment declines because people “drop out” of the work force does the corresponding “dip” mean we're getting better? You decide.

Headlines are created for many reasons, and giving readers a version of accuracy is not high on the list.”

“Our forefathers were smart guys. Back then, your average citizen didn’t have much in the way of education or book learning. Most of the ideas they had came from practical knowledge handed down by their families. Books were still expensive to print and in short supply and people like Ben Franklin printed their ideas in pamphlets that were usually not distributed very widely. With literacy rates being what they were, most people got that information second or third hand.

They knew that a true democracy would never work because people could never be expected to invest the effort to know enough to make informed decisions about all the issues. So, they formed a representative government. People could invest the time to learn the character and operating principles of the candidates and, once selected, they had their way. Back then, it was not uncommon for the richest drunks to get into office. They could buy drinks for the most voters (all men). People drank all day (even at work). It was important.

Fast forward to today. Drinking is still important, but politicians can no longer afford the old methods. Furthermore, literacy and availability of information about issues is higher than anyone could have imagined back in the 1700’s. However, our world has gotten incredibly complex. There are so many interacting moving parts that even experts in a particular field regularly get it wrong. We pick people to represent us, but those people have unprecedented access to our thoughts. There’s an interesting feedback loop.

The flaw is that “we, the people” cannot be trusted to have good opinions. We are usually selective about where we go for our information. Some of us may listen only to Fox News, while others only listen to Jon Stewart and Steven Colbert on Comedy Central. Getting news like this is the same as hearing one side of a debate and determining the winner. The side you heard has a distinct advantage.

It’s no wonder our politicians are polarized. Our opinions aren’t very nuanced. The Internet is starting to cloud this. Even the Drudge Report might be infiltrated by some non-conservative ideas here and there. A link to another article leads to a link to another article and next thing you know, someone is getting a balanced view of an issue. Scary business. But, there are still a limited number of people who will spend the time to become informed on a few topics, let alone many.

Until our brains get a lot bigger, we must still hope that the people we ask to represent us have done their homework. Once we put them in place, we don’t really have a say unless we mobilize in large numbers to express our opinion. It’s usually one of those polarized sources like moveon.org or Fox News that put us up to it anyway. I’m not sure our opinions are to be trusted. Let’s hope we chose wisely.”

“President Obama's budget suffered a second embarrassing defeat Wednesday, when senators voted 99-0 to reject it. Coupled with the House's rejection in March, 414-0, that means Mr. Obama's budget has failed to win a single vote in support this year.
Dave, A second shutout? Really? I have a hard time believing this guy was even born on EARTH, let alone Kenya -- he's more like an alien from the Entitlement Galaxy. He's whipping up a Kenya hybrid, with a healthy sprinkling of Greece, Spain, Portugal, Italy and France thrown in for flavor. Sorry for the attempted humor but sometimes you have to laugh instead of cry.

'A second shutout' ... I think it's about time to send our starting pitcher (President Obama) to the showers, and then find him placed on the unprotected waivers list -

FULL STORY

“Yesterday in the Senate, America bore witness to the glaringly obvious division in Washington, as stark as the contrast between high noon in the desert and midnight in the mountains....That division was laid bare inside the Capitol yesterday afternoon as the U.S. Senate voted 99-0 against President Barack Obama’s budget — a plan that spends more, taxes more, and slashes our military, all without making any attempt to reform America’s entitlement mess.”

The definition of insanity is doing the same thing over and over and expecting different results...No, it isn't, says 'real Doctors'...To be clear, insanity is a legal term pertaining to a defendant's ability to determine right from wrong when a crime is committed. Here's the first sentence of law.com's lengthy definition: Insanity. n. mental illness of such a severe nature that a person cannot distinguish fantasy from reality, cannot conduct her/his affairs due to psychosis, or is subject to uncontrollable impulsive behavior...Hmmm ... that seems to describe the behavior of too many of our elected-elite alright -

FULL STORY

“The New York Times’ Paul Krugman claims austerity is to blame for Europe’s economic problems...The critics of “austerity” have it backward. What has brought Europe’s economies to the brink is not fiscal responsibility; it is high taxes and out-of-control spending.”

Wait ... that doesn't fit the Keynesian-monetary policy theories so many 'prominent' economists and politicians alike ascribe. Reality, can be cruel like that -

FULL STORY

“...where few Americans seem to be looking, is our very own Greece: California. Since California doesn't have the option of seceding from the union, one wonders when the state will ask the IMF for a Greek-style bailout.”

California? How soon will Illinois, New York, Maryland or any of the other Democrat-led States facing financial meltdowns seek 'IMF-style bailouts' -

FULL STORY

“The head of Greece's radical left party—throwing down a gauntlet that could increase tensions between Greece and its frustrated European creditors—said he sees little chance Europe will cut off funding to the country but that if it does, Athens will stop paying its debts.”

... and there you have it! I suggest we find out if Greece will in fact follow through with this threat. What Greece will reap therein, will be far more egregious than what they've sowed -

FULL STORY

“The flames of the eurozone crisis leapt higher yesterday, as fears spread about the state of the Continent's most vulnerable banks.”

The ticking Debt Clock for EU-member Nations facing financial Armageddon was rewound for the last time, last summer. Financial reality reflects no 'silver-bullets'. While citizens are expressing their frustration through the ballot box, in the end only major reforms involving social-welfare entitlement programs, tax reform, and a regulatory overhaul will bring about long-term solutions to what ails the involved European Nations ... sorta sounds like the same challenges and remedies that America must confront -

FULL STORY

“People used to desire love, money, food, shelter, safety, peace, and freedom more than anything else. Now, however, what everyone in the world wants is a good job. The United States has no shortage of great ideas and innovations. What the country most needs right now are highly motivated entrepreneurs who can turn those ideas into great businesses -- and thus create millions of new jobs.”

Without a doubt, small business and small business start-ups are the basis for job creation and job growth in the United States. However, the fiscal and regulatory environment currently looming over America's economy find many potential entrepreneurs sitting on the sidelines avoiding risks that currently exist beyond the normal risks associated with a new business start-up. Why would rationally thinking people risk their capital with the political leadership and political climate currently in Washington DC -

FULL STORY

“Today, many Democrats believe the wealthy are bad to the bone. A new Gallup poll asked, "Do you think the U.S. benefits from having a class of rich people or not?"

An amazing 46% of self-described Democrats answered "not."”

FULL STORY

“If high taxation chases successful people out of the country, that's the country's fault.”

The 'outrage' being feigned by some of our political elite is laughable. These are the same folks who believe Government has a right to individuals' productivity and output. Saverin made his decision regarding his US citizenship over a year ago, when he moved to Singapore to live and pursue business interests. US Citizenship has many tentacles, some of which are burdensome when conducting business on the International level. Our elected-elite should observe that the horribly complex and inefficient tax code they've divined over the decades is the real culprit. Maybe, just maybe they'll grow the spine to begin the hard process of reforming our Nation's tax code instead of simply huffing and puffing morale indignation relative to outcomes they helped design -

FULL STORY

The House Energy and Commerce Committee recently sent a letter to the Centers for Medicare and Medicaid Services (CMS) asking for details regarding the probable loss of $3.1 billion out of the $3.4 billion in Obamacare loans to its Consumer Operated and Oriented Plan (“CO-OP”).

Oops ... more inconvenient truths. That's what happens when the Democrat Pelosi-run Congress had to pass legislation in order to find out what was in it -

FULL STORY

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