Leave the Economy to the Other Idiots

Not long ago, I wrote a blog about the most idiotic economic political scam of the 2008 election year. Today, I read to stories about our economy that rank up there with the “gas tax vacation”.

The first story was about how the Fed has adjusted it’s estimates for 2008:

  • Economic growth of 0.3 – 1.2%, instead of 1.3 – 2%
  • Unemployment rate 5.5 – 5.7%, instead of 5.2 – 5.5%

Good thing they are still running those antiquated economic formulas to give us these otherwise worthless numbers. An added bonus is that the Fed also adjusted their inflation estimate upwards.

There really should be no surprise here folks. Bernanke just needs to start reading my blog to get better guidance on economic policy. I’ve written about energy-based inflation before. Of course, I even wrote about it years before that in a paper for an upper division economics course I was taking in college. The professor said it was an unrealistic theory.

Why I keep talking about this college professor is because that is what economists are learning in college (not all colleges, of course). Our economists are morons because they were trained to be morons!

Meanwhile, back in the world of ridiculous economic news for May 21, 2008… The other bit of economic news that really got me chuckling today was the news about the oil executives going before Congress again. How many times are we going to have to watch the same FAKE political interrogation? This is a political SCAM. The oil companies are pulling an Enron. Only, the goal is not to get California to sign a ridiculous long-term energy contract… The goal is to get the United States to open land restrictions in Alaska, the Rocky Mountains, and/or the Pacific Ocean so the oil companies can go drilling for oil. Enron is small potatoes compared to this scam.

Advertisements

Fahrenheit 2008

What do the Clintons and the Bushes have in common?

Besides having been the only two families to reside in the White House for the last 20 years, they have an additional quality that is unfolding in front of our eyes.

George W. Bush lost the 2000 popular vote, and it has been argued that he even lost the electoral vote if recounts in Florida were taken into account. There are thousands of articles, blogs, etc. about how the Bush family stole the election of 2000. Heck! There was even a movie about it.

It is amazing how history is prone to repeat itself when unchecked power is at play.

With Hillary Clinton standing on the verge of destroying our American political system, we should all wonder if Michael Moore with produce Fahrenheit 2008.

If Everyone Watched The Big Idea…

What would happen if everyone in America watches The Big Idea with Donny Deutsch on CNBC? First, there would be a run on the cable companies because you can only get CNBC on cable. Second, fellow blogger Tony Iovino would take his $600 check he’ll receive from the Federal government in May and actually cash it to invest it into a new invention (and he would start using the vastly superior WordPress blogging system). Third, the US economy would flourish.

Today, Bush signed his stimulus package, creating checks for millions of people in our economy. Lots of people love to complain about the symantics of the deal. Call it welfare. Call it a rebate. Call it what you want, it is our Federal government giving money to people that live in America.

Using some of the people I’ve seen on The Big Idea as an example, what those $600 checks have the potential to do is generate billions (yes, you read that correctly, BILLIONS) of dollars in revenue/income for Americans. How? Well, you should watch The Big Idea. The show has featured scores of people who have started their business for little more (sometimes even less) than $600. These people has created jobs, used resources that support other businesses, and made people a lot of money.

Sure, if everyone who receives a check goes a spends it on a toy at Walmart, it won’t do much for boosting the economy. However, let’s have a little fun with the math here. 130,000,000 Americans are going to receive a check. If even 0.1% of the people who receive checks become Donny Deutsch success stories, we are talking about generating $130,000,000,000 of revenue for the US economy over the next year! That’s correct, just one-tenth of one percent of the people who receive the checks need to become Donny Deutsch success stories for the checks to pay for themselves in just two year. One-tenth of one percent. That is about the same as a run-of-network banner advertisement on ValueClick!

Did Stephen King Predict the 2008 Presidential Election in 1979?

I was sitting there watching Fox News the other day. They had the Republican candidates on, discussing various political issues. It was the first time I had really spent paying any attention to presidential politics so far this campaign. As I’m watching Mitt Romney, there is an unsettling feeling starting to well up in my stomach.

It suddenly hit me. Remember this movie?
Greg Stillson

That is a still of Greg Stillson from the 1983 film based upon the Stephen King book, The Dead Zone. And that is what got me thinking about a certain candidate from New England.
Photobucket