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Courtesy of Obamarmy
Ok kids, Look at the graph…. and see who can be the first to tell me….. Why do we really need to ramp up the education of our black and brown kids now?!!!!
Tax the Rich. Hire teachers to reach an 11 to 1 ratio. Test beginning, mid, and end of cycle only to evaluate the student’s needs ( don’t use them to close schools, fire teachers, or divvy out bonuses to your friends and supporters)… and lets get it done….
Btw, it has to start with the first one.
It should be good news… more people are working than expected.
How great is that?
“Well, we were expecting this many people to have gained jobs, but… no, instead we got much more than we expected!….”
One would think the stock market would bounce on the good news!
Actually, 154,000 jobs were created in the private sector. This offsets the 37,000 Federal government jobs cut July by the Republican’s actions……
154,000 jobs? Under a Democrat president? What’s going on here?
Obviously the stimulus is working. Obama was right to deficit spend to keep up demand for services….
And I bet you’re enjoying your commute on all those newly paved roads too, aren’t you?
Now contrast this with a Republican regime… Potholes galore because they cut taxes. Pot holes galore because the wealthiest top 1% was allowed to keep $1.2 trillion that normally flowed into much needed services…
Can’t you see what’s happening? Obama showed us the way…. WE NEED SPENDING ON INFRASTUCTURE. WE NEED SPENDING TO MAKE AMERICA A MORE LIVABLE COMMUNITY……
Because of Republican legislation, to get to that level of spending, we had to borrow… but doesn’t it make a lot more sense to tax the top 1% that 1.2 trillion, and have this quality of life, without the deficit?
Reading a recent old copy of the News Journal, I saw an article where some Republican buffoon, said something like: “yeah, we’re gonna stick it to Chris Coons that he’s a tax and spend Democrat.”
I laughed out loud…
Go ahead … Make us draw attention to you..
We are looking at this the wrong way..
Losing 8 percent of a pay cut is not the end of the world. For if my expenses simultaneously drop by 10%, then I’m actually better off than I was today..
We are assuming our bills will remain the same, as our income drops, and that we will feel the pinch of that margin. Today I realized that is a missed assumption…
Hat’s off to Frank Ingram who pointed the way.
As a representative of the Delaware Department of Education, he is in charge of booking events for school children across this state…
Recently he has had to pick up the phone for an upcoming event and say ” I’m sorry, we just can’t pay you what we did last year…
Now the convention center, has no one else filling its slots… it needs that revenue to pay utilities and payroll, so it comes to a deal…
The event goes on as normal… The cost is lower, the kids are not disappointed, and the hotel sighs a deep sense of relief that it will not have to go empty that week…
How is this done?
One, the food was costed out at 15% less.. How? By substituting a marvelous Vegetable Primivera thereby eliminating the need for either beef, pork, or chicken… and creating a much healthier meal to boot…
Two: the conference rooms some of which were rented out at $6000, were dropped to $2000. That is still $2000 more than sitting empty….
Three: some of the amenities were quietly dropped. $350 dollars for dropping the video screen… waived.. $150 dollars per use of microphone? waived…. (it didn’t work half the time, anyway.)
Bottom line, life went on… much as it did last year… The happiness factor remained the same… The state spent less money… “”) The kids had a blast….””) The hotel had some cash on hand… “”) At the end of the day, all three parties were happy with their results.
As someone who has turned economics upside down and looked at every angle recently, Frank Ingram’s success was a prophetic revelation. I too had premised my argument that costs would stay static… but the scrambling of the hotel management out of necessity, proved that that assumption was wrong…
We will do what we have to do in order to survive..
So with that in mind, as the state’s employees face their 8% paycheck downsizing. there will be downward pressure on all prices.. For those in the private sector, are not getting the bonuses they once had during the times of scalping customers for all they could get… They too have cut back..
The thing to remember is this:
If prices drop 10%… an 8% pay cut is a 2% raise….
Evidence is showing this in real time… anyone who has bought cereal lately knows that $2.99 used to be the cheapest sale available… Now, it’s .99 cents…
Powerade and Gatorade: now between .75 cents and .88 cents a bottle.. Before: It never went below $1.25…..
Hamburger has been seen on sale for .99 cents a pound, just as it was during the nineties…
Gasoline, today at $1.99 a gallon will not sell if the price goes higher this summer… eventually creating a surplus that will push down the price again…
So the signs are there already.. Prices are dropping because there is no support to keep them propped up high… By cutting the expenses of the state by over 8%, we are lowering the entire price structure across our economic model.. We are decreasing the dollars available for consumption, and prices are dropping because of it…
I was far happier during the nineties… and a lot of it was about money… The funny thing is, I made a whole lot less back then… But as I flip through family albums, I realize that I did a lot more back then with less money, than I can afford today…
That doesn’t really make much sense… So where did all my extra money go?
Frank Ingram has pointed out the answer…. And it makes these protesters look just plain stupid.
Wall Street Journal buried this deep within their pages: Banks Delay Sale Of Chrysler Debt As Market Stalls
In plain English it means that banks have decided not to fund the Chrysler deal. The deal will still go through, mind you, but the risk will be absorbed solely by those underwriting the deal, and the 12 billion will not be spread to investors as has been done in the past. “The market has dried up.”
This does not bode well for Newark. Why? Because the cost of money, or the interest rate for the twelve billion, has just risen. That means that all costs, supplies, labor, and facilities, must be tightened even tighter in order that corporate is able to pay for the increased financing.
Plain talk: their mortgage, which was already 200 million a year, just hit the ARM plan and may go as high or higher than 300 million!!
That money was sorely needed to invest in environmentally friendly and marketable vehicles. They do not have that option and will have no recourse but to buckle down, hold on, and hope to survive a financial ride as scary as the Ka.
One can only hope that Kia or Hyundai is interested in opening shop in Delaware…..It will be a new experience for the local UAW to be sure, but Toyota seems to treat Americans more fairly than does our own……..At least foreign autos are sensitive to America’s needs and do not foot drag when it comes to creating cars that American’s WANT to buy…….
Anyone who clicked on the above links saw a difference in profitability among all those manufactures. Delaware needs to send someone to South Korea today. Secure jobs are often found within secure companies.
So what does this mean to everyone else? A lot. Here is how it breaks down.
Cheap money is no longer available. It is what has been driving up the stock market. Next time someone tells you it was republican tax policy, bitch slap them. (smile) If borrowed money is cheap then one can afford to spend more in the acquisition of a corporation, because on the bottom line, the cost is the same. Similar to the housing boom which has now ended, the monthly mortgage is the same on a house costing 250,000 at a 3% rate as an 80,000 house at 9%. Just as house prices soared, so did the price of corporations, pushing the market upward……….
Well, ladies and gentlemen. That push has stopped, as of yesterday…….The Fed may react someway and save us from a crash similar to the last time money was not available…..1929.
The political implications are obvious. This could not have happened under a competent Al Gore administration. But I will leave that for someone else to expound. Right now my broker is shut down, off-line, and not answering calls………
I just hope I can shift everything over to “fixed” before everyone else catches on…………………….
So there I was as a young man, traipsing over the grassy knolls of a compound called Dachau……..and the single image of which I could not shake from my mind, was a view back home from the top of the former Twin Towers.………taken while walking around the observatory in a slow 360 degree circle and realizing that the entire mass of humanity in that circle of twenty miles, was less than the amount of those eradicated by the Nazis, without a whimper from the German people.
And as my eyes watered a bit, ((no I did not cry), I was still too young), while gazing upon the fake showers, and peering into the cyanide vats on the other side, a tiny child’s voice between my ears, kept repeating a phrase I had stumbled across before the tour on the floor inside the museum. ” You saw us being beaten, you saw us wearing stars, you saw us humiliated, you saw us being transported, and YET YOU DID NOTHING……… I remember at the time being quite angry at the timidity and the complicity of the German people. For a brief moment I hated them…….and in a typical fashion common of that gender in possession of high and excessive levels of testosterone, in those emotional moments I vowed that I, (superior being that I was) would never fear or cave in to brutal intimidation………..
Today, my friend’s friend, lies buried in Arlington……And when I clicked on a forgotten link……(do I still need this?…) and saw the face of a very brave New Castle citizen…….looking back from her high school picture…..those jaded eyes of mine wet over again as I slowly realized that I too had failed to live up to that promise I once made on a bright July afternoon, while standing beside a giant trench planted over with flowers……….
So where was I when it happened? What was I doing that was so important as events played around me? Nothing earth shattering really, and if you probe and scrape all the residue away, I was simply way too busy going through motions in 2002, 2003, 2004, 2005, 2006, to really worry making those tough sacrifices that are personally required to implement the necessary changes (piece of crap, I am)……. Then,……… something about that girl’s picture…………..pissed me off. I think it was how much like my own daughter she was……
So what can I do? Not much, I am no Kissinger nor Howard Baker. I cannot bring these people together and make a settlement. But I can make a choice……and that choice is this.
I can choose to STOP DOING NOTHING. I can go on record and suffer the surprise trip to Guantanamo that may come in the middle of the night (risk diminished), or the bullet to the back of the head in some forgotten landfill (not likely), if it comes to that. And most particularly, I can look at those who enabled and supported this administration when it chose to invade a nation that had not attacked us, a nation that had no intention of attacking us, a nation that had nothing to do with 9/11…….but only a nation that had the poor unfortunate distinction, of being the chosen victim that this bully of an administration had decided to make an example of………..long before the 2000 elections were ever held!
If any of you have ever felt that you too have done too little, that you too were lulled and fooled into believing this war made you safer, then come, join me outside Delaware congressman Mike Castle’s office on Friday July 6th. And should you be too busy, I will understand. Most likely you do not have that haunting childlike voice as do I between my ears, that implores ……..AND YET YOU DO NOTHING…….…But if, by some ancient gene, you do…… possess the capacity to know right from wrong, and if…… by the grace of God, you have been given time to come and be counted, and if…… you do not want to pass on, having never made a difference in anything………… then take the half hour, and come and join us; be counted on this upcoming Friday at 11:00am. (Tell Boss-women you have a doctors appointment if you have to……or call on someone you know who feels like you do, and unlike you, has nothing going on at moment in time.)
Results:
If ten people show, the war goes on, but us ten can rest at ease that we did our part. If twenty show, our numbers just grew 100% !!…….If hundreds show, one or two lines will appear in the News Journal and it will not have been in vain. If a thousand people show, the Congressman and staff will take notice. And just maybe……just maybe……..find within themselves the moral courage to add their voice to echo ours……..WE CAN MAKE A CHOICE……WE CAN DO SOMETHING.
In democracy, the real leaders are always “We, the people“: it is us who tell the government what We want them to do…… Please……..come with us……….and make our stand?