Category Archives: Politics: National

Getting it Done the Right Way

I am a firm believer that education dramatically shapes the adult life of a child.  Take two children from similar backgrounds and have one graduate high school and the other drop out–the graduate will see dramatic social and economic benefits.  Further, the society around him will be better off as well.  High school drop-outs cost us, all of us, millions of dollars a year in physical damage and management.

And so, of course, it makes sense to have a system of public education.  What I find interesting is how each side of the political spectrum would explain such an entitlement program.  For example:

  1. The Left.  This one is easy.  The Left clearly feels that wealth and accumulation is something that springs up from the ground and is obtained by the “lucky” or “greedy” by muscling and elbowing out the less fortune or the week.  The Left would gladly take from the rich and distribute to the poor so that everyone had an equal chance.  Predictably, this typically make me lose my belly whenever I think about it.
  2. The Right.  This one is harder.  The Right, you see, is against entitlement programs almost all of the time.  No government provided health insurance.  No government provided mass transit.  No government provided welfare.  All of it.  “Man is free; let him obtain that which he needs” is their mantra.  While acknowledging that the Right could use a marketing approach that vastly improves the tone of their message, I emphatically agree with this take.  It is one of Individual Liberty that necessarily acknowledges Individual Responsibility.  The subtle and yet critical distinction is that in almost ALL cases, children in our society are incapable of expressing their Individual Liberty.  They either are lacking the intellectual capacity to express that Liberty [they are children after all, incapable of crossing the street in many cases] or they lack the legal status to exert that Liberty.  As such, it becomes incumbent upon us to restore to that child a reasonable course of action, which, through no fault of their own, they have been prevented from following.  In other words, just because Johnny’s mommy and daddy are fools who don’t take care of their child by sending him to school, does not make it Johnny’s fault.

And so it is that I agree with both the Left and the Right.  But I feel that the path each takes to their respective positions is wrong and illogical.  Further, because I believe as I do as expressed in #2 above, I do NOT agree with the right that we Ought take public monies meant for Public Education and dispense it in the form of vouchers for private education.  The monies collected and spent is for the general public, not for the individual child or family.

The way to make sure that kids get the education they need?  By doing it the right way:

Durham, N.C. — Family income should not determine a child’s destiny. That’s the premise behind Union Independent School, a new private school that opened this year in Durham.

Thanks to private donations and contributions, including $2 million from Union Baptist Church, the school has 74 students in kindergarten through second grade. The students are chosen by lottery and attend for free.

Thanks to private donations and contributions, including $2 million from Union Baptist Church, the school has 74 students in kindergarten through second grade. The students are chosen by lottery and attend for free.

This, ladies and gentlegerms, is how things get done in the real world!

One and Done

Using this graphing tool we are seeing that “The ONE” can’t even beat Carter.  This may be the ONLY good news concerning Obama.

Here is a graph showing Obama’s approval rating so far:

Obama's Approval Rating to Date

This graph shows Obama AND Carter for the same time periods:

Obama vs. Carter Approval Rating to Date

Let’s only hope for change.

Could This Turn Out Any Other Way?

Look, there are over paid people in this world.  Athletes.  Movie stars.  Middle managers at large corporations.  Sure.  I get it.  And to a l ot of people, people who really work and work physically, the money that some of the people make is gross.  That being said, the market adjusts pretty well and compensates those people fairly well.

Is shoveling horse manure more physically demanding than running a large Fortune 50 account?  Yup.  Are more people suited to shoveling manure than managing said account?  Just as sure.  Hence, the value of the skill is different and the compensation changes.

Which just makes this news predictable:

Anastasia Kelly, general counsel of AIG , Rodney Martin, head of one of AIG’s international life insurance businesses; William Dooley, who runs the financial-services division including AIG Financial Products; Nicholas Walsh, vice chairman and head of the international property and casualty unit; and John Doyle, who runs the U.S. property and casualty division, said in written notices Dec. 1 that they’re willing to leave by the end of 2009…

In October, Feinberg cut 2009 compensation for AIG’s top 13 employees by 57%, including limiting most base salaries to no more than $500,000. Another 12 top employees had already left before the review began, according to the WSJ.

Now, you can argue that execs are overpaid.  And you might even be able to convince some people of that fact.  But what you CAN’T prove is that THESE execs are overpaid in relation to their peers.  These people, in theory, are among the best in the world at what they do.  There might be only a few hundred who have the ability to rise to the positions these people have.  And that is among billions of people.  They SHOULD be paid well.

Now they will, just not at AIG.

Where a Picture is Worth a Thousand Words

I like this picture:

National Job Approval" Barach Obama December 8, 2009

Partly because it’s showing the shine is wearing off and America is starting to understand what many of us saw at the outset.  But also because this is a “poll of polls”.  Go to the site and see for yourself.  Each dot in the graph shows the results of an independent poll.  USToday, CNN, Gallup and so on.  And, in short, the survey SAYS!

NoBama.

The Fruits of Our Labor

Quick.  Below, which company would you want to own?

52 Week View Range: $0.06 - $5.10

This is one Company.  See the second one below.

52 Week View Range: $1.50 - $9.14

Is it even close?  One company is taking off.  Not hard to do, the market has come back by some 60%.  However the other company, even in one of the best markets we have seen in years, is tanking.

The first company is Government Motors.

The second one is Ford.

Go Obama!

Barely Legal

I was thinking about this last night as I was posting on the “Night is Day” thing:

All eight initiatives were the result of a series of private meetings in the past month between the four new members and the new board chairman, Ron Margiotta. Those meetings also included members of private groups that Margiotta declined to identify. Members of the new majority defended their private meetings, saying they didn’t violate state mandates because they had yet to be sworn in.

Look, I get it.  The old Board did things, and in ways, that some people didn’t like.  Because of that, the election process removed them from their seats and gave new people with new voices the ability to shape things.  That’s ho it’s supposed to work.  I’m very happy that it did work.

But these shenanigans are really really over the top:

Malone said they met before Tuesday because heading into the meeting unprepared would have sent their supporters a bad message.

“It’s not illegal,” Malone said. “We needed to be prepared. I had nightmares about walking into the meeting not being prepared.”

It’ll be fun to continue to watch this.  Fun to see if anything really changes.

Where Red is Blue and Blue is Red

I have been following the WCPSS drama for nearly three years now.  Besides the pure raw emotion poured into this debate, the shocking role reversal has been astounding.  Now, you would be hard pressed to find anything more local than a school board; perhaps a Home Owners Association or maybe a PTA board, but really, for all intents and purposes, the local school board is as close to the people as government is going to get.  And with that in mind, the folks involved, on both sides, really do try and give the appearance that they are not affiliated with any major political party.

But they are; they all are.

The support and the money breaks too neatly down party lines for it to be ignored.

All of which gives me a moment’s pause.  You see, when it really comes down to it, we have conservatives acting like liberals and liberals acting like conservatives.   And I say that from a conservative view-point.  See, normally, we on the right are acting from a standpoint of Liberty and freedom.  But here, the Republicans are acting like they can ignore such things.  For example, given two quotes, tell me which is the conservative and which is the liberal:

Politician One:  “We have to do something and move forward,” Politician One said. “Parents have a right to decide if they want a year-round school.”

Politician Two:  “If we’re talking about doing away with year-round schools, we’ll have to raise taxes,”

See what I mean?  You can’t tell.  You can’t tell because you know what the answer SHOULD be, but because I have been ranting you feel suspicious.  In this topsy tervyy world that is WCPSS, you have conservatives claiming they have a “Right” to select the location of their public education and you have a liberal resisting a tax increase.  Amazing.

California: Part II

A lot of talk going on about projections and what ifs.  So much so, that for many of us, we begin to lose sight of  “what is” within the forest of  theoretical science.  Sometimes, really, a picture is simply worth a thousand words.  Or maybe, a picture is not having to read a thousand words.

Who get's it? Who doesn't.

Why, you may ask, is the unemployment rate so much higher in California than in Texas?

What’s the worst state to do business in? According to readers of Chief Executive magazine, it’s California. In the same poll, Texas won first place as the best state in which to put your headquarters. As reported in The Economist, the two largest states in the nation have very different philosophies and very different success rates.

The article goes on to mention why Texas is doing a better job:

  1. Texans on average believe in laissez-faire markets with an emphasis on individual responsibility.  Since the ’80s, California’s policy-makers have favored central planning solutions and a reliance on a government social safety net.
  2. Californians have largely treated environmentalism as a “religious sacrament” rather than as one component among many in maximizing people’s quality of life.
  3. California has placed “ethnic diversity” above “assimilation,” while Texas has done the opposite.
  4. Texas has focused on streamlining the regulatory and litigation burden on its residents.  Meanwhile, California’s government has attempted to use regulation and litigation to transfer wealth from its creators to various special-interest constituencies.

The whole article is an awesome read as a “how to guide” for planners.  It would be great if Barack Obama would read it.

Hat Tip Mark Perry and Rick Perry

My Business Model Sucks — YOU Take It

Minnesota has one of the oldest High Risk Pools, Minnesota Comprehensive Health Insurance, in the country.  All told, there are 35 of them and the Gopher State has been at it since 1976.  It’s mission, a noble one.

Since becoming operational in 1977, MCHA has served as an insurance safety net for Minnesotans who have been turned down for individual health insurance due to pre-existing conditions.

Sounds great.  And to a whole bunch of people it is.  With pre-existing conditions they are able to find health insurance where normally they might not be able to.  Only problem?

In 2008, MCHA spent $136.5 million more paying for medical care and administrative costs than it collected in premiums and other revenue.  In 2009, those losses are projected at $150 million.

That’s a whole lotta money.  Now, without going into the Oughts and Ought Nots of the thing, the point remains; that’s a lot of money.  And the main strategy of the MCHA to get to the point where they don’t lose that kinda money year over year?  Obama’s Health Insurance Reform.  Yup.  The only way for the MCHA to quit losing money is to go out of business.

And the only way for the United States to AVOID losing money is to STAY out of business.

Continuing Bad Press

It still isn’t very bad, but at least it’s not ALL good for Obama anymore:

America’s president shows an alarming lack of self-confidence.

FOR some critics of Barack Obama, America’s dependence on China as the holder of some $800 billion of its government debt is to blame for what they see as a humiliating visit there this week. He preferred heaping praise on China’s achievements to hectoring its leaders about its shortcomings. Other critics went further and saw this emollient approach as in keeping with similar embarrassments elsewhere on his Asian tour. In Japan, he bowed deeply to Japan’s Emperor Akihito. In Singapore he attended a meeting with South-East Asian leaders including the prime minister of the repellent Burmese dictatorship.

The shine is wearing off.