Category Archives: Government & Politics

Federal, State, and Local Government… Taxes, Social Programs, and International Affairs.

Could he give up an arm instead…

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I was perusing the New York Times mobile site this morning and ran across a story that actually made me feel sorry for a professional politician. It seems that because of some combination of national security concerns and the desire to avoid having email subpoenaed in the future, when he assumes office President-Elect Obama will have to give up his Blackberry. I guess I had never really thought of the president having time to send out missives from a potus@us.gov email address, but I think as president, my first executive order would be stay the hell away from my cellie.

The civilized world has embraced email as part and parcel of daily life. Surely a country that has tens of thousands of men and women who spend their working lives coming up with sophisticated cryptographic devices and ciphers can come up with a way to let the leader of the free world read his gmail and send a few text messages. Seriously, I get jumpy when I haven’t checked my email in an hour or two. Four years in an email free zone is just way too far beyond the pale. I say buck the system, Mr. President-Elect; make a Charlton Heston-esq stand for your inalienable right to wireless communication!

Fork…

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Ladies and gentlemen, stick a fork in this election because it is just about done. Tonight we’re all watching one of the last things I ever imagined I’d see in my lifetime. It looks like the country is once again evenly divided and unless there’s a significant departure from how things look now, we’ll have a President-Elect Obama sometime very late tonight or early tomorrow morning. Senator McCain has been a good and faithful servant of the republic and watching this American hero go down in defeat is far more bitter to me than it is sweet. My only hope now is that Senator Obama proves worthy of the trust that his countrymen are about to repose in him.

Early Voting…

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In one of the great lines that endeared him to the party faithful, Ronald Reagan once told his fellow Republicans “I didn’t leave the Democratic Party, it left me.” My feelings about the Republican Party are more or less the same. My Republican Party, the party of Reagan, has been hijacked by fanatics and religious extremists inflexible on a single issue and unable to see a broader policy agenda. The Republican Party left me and for the first time since I registered to vote in 1996, today I voted for a Democrat at the top of the national ticket. I take no joy in it, as I believe John McCain is a good and true servant of the republic, but the thought of a vice president who doesn’t believe in evolution or in letting kids talk about sex in an academic setting and who thinks that living near Russia counts as foreign policy experience is more than I could bear. America deserves better than either of our alternatives this year and in the end I cast my vote for who I believe is the least bad alternative.

Conflicted…

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For the first time in my adult life, I’m actually conflicted over who will get my vote in a presidential election. Ideologically, neither major party candidate represents my general positions. McCain has me covered with his notions on defense, smaller government, and lower taxes across the board, but Palin terrifies me on social issues. Obama has a prayer of a chance of unifying the 75% of the country that aren’t insane rednecks, but I’m deeply troubled by his positions on foreign policy and taxation. I’ll be doing the whole early voting thing next weekend here in West Tennessee due to out of state travel plans on election day, but as it stands now, my vote is still thoroughly up for grabs. Right now it’s even odds and with the clock running down, I don’t know what it’s going to take to change that.

The Long Game…

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As you’ve noticed by now the pace of posting has slowed a bit lately. To be honest, I’ve been absolutely engrossed in watching the ongoing economic meltdown. I’ve sort of moved beyond the point of being stunned to the point of being fascinated in seeing how the market unravels from a more academic point of view. I want to try to understand the fundamentals at work – particularly those that failed. Obviously, the overextended home lending market has a significant share of the blame here, but I can’t make the jump to that being the only or even the root cause. I have to think there is something more basic at work here. So far, I’ve seen a lot of “the sky is falling” from the media, but they’ve been a little short on the serious economic analysis. Hopefully as we gain some perspective on the events of the last two weeks, someone with a far more developed sense of economics than mine will connect the dots.

While I’m thinking on the overall economy, I can’t escape the precipitous fall of stock prices over the last seven days. I’m the first to cringe when I look at the daily carnage inside my retirement account, but then I realize that I have 25 more years before I can even consider retiring and it starts to dawn on me that having the market down 50% means my IRA contribution is buying almost twice as many shares as I could a year ago for the same amount of money. Given that the historic trend of the market since its inception has been to move upwards and the ridiculously long horizon involved, the long game is looking pretty positive. Yeah, I know that thinking like that probably makes me a bad person, but I’m OK with that.

Cry Havoc…

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I’m the last person on earth I ever thought would be screaming for massive government intervention in the free market, but for god’s sake the financial sector is taking a pummeling whose only precedent was before most Americans living today were born. Not to sound like a complete alarmist, but if the Congress allows liquidity to dry up any further it’s entirely possible that the entire financial engine of the country could seize. Our economy on the macro level is based on big institutions providing short term loans to one another. If that suddenly stops happening well, then God help us. I hope you’ve stocked up on lots of canned goods.

“Other…”

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No one should be surprised that I watched the debate last night and now I’ve watched the morning spin on all three of the major news channels. I’m actually a little disturbed by the repeated line from the talking heads that last night was a contest between “two great politicians at the top of their game.” Were they watching the same debate I was? At best, both of them seemed tepid in their responses. Had one of them stepped up and presented an air of command, of certainty, I think this election would basically be over. Is a little passion too much to expect from those who would be king? Rather than increasing my interest in either of the candidates, it made me more likely to check the “Other” box on the ballot. The trouble with democracy is that the people tend to get the government they deserve. Given my level of confidence in the people to make informed decisions, I’m not optimistic.

What’s the Opposite of “Progress?”

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Congress has an approval rating of 9% and yet somehow something on the order of 95% of individual Members of Congress will be reelected when they run. If there was ever a better case of the people getting the government they deserve, I don’t know what it would be. We have term limits in this country. They’re called elections. If we’re too lazy to throw the bastards out every two, four, or six years, then honest to God, I don’t know what we’re doing here.

Income Redistribution…

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I want to set one thing straight right now: If you don’t pay income taxes in the first place (i.e. your income falls below the taxable level according to the Internal Revenue Service), you should not be entitled to an income tax rebate. In case you’re wondering the command and accepted definition is a “rebate” is money back that one has already spent (i.e. I got a $100 rebate when I bought a new cell phone). How is that difficult to understand?

If you are going to take from the people who do pay income taxes and give it to people who are exempt from paying income tax, call it income redistribution not a tax rebate or a refund. You’re not “refunding” anything since those people didn’t pay a red cent in the first place. How incredibly gullible do the administration and congressional leaders think people are? You can call it roast beef on rye, but if it’s a turd wrapped in Wonder bread. It’s still a shit sandwich.