Sunday, March 16, 2008

The Candidates

Who is the only candidate for curtailing the monstrous amount of farm subsidies doled out every year that are keeping poor countries from being able to sell their products? Click here

Hint: It is the same candidate who is the only one for ending the ethanol subsidies. Click here

But what's wrong with Ethanol. Click here


Adrian said...

Which firm was worth $70 per share a week ago, $160 a year ago and was just bought few hours ago for $2?
Hint: it survived the Great Depression
Besides taking crapy mortgages on its balance sheet in amount of 200 billion, lending 30 billion to the above mentioned bankrupt firm, Fed started few hours ago a facility to lend to security firms, for the first time since the Great Depression. Bernanke is the most innovative chairman ever. The problem is the balloon is quckly loosing air.
Fasten your seatbelts.

Aaron said...

Since when did non-economists become Muggles?!

unclejim said...

I am glad to see you are joining the anti-ethanol bandwagon. The situation is even more dire than your posted article suggests. For one thing, it left off the water issue. Ethanol production is very water intensive. You also have increased runoff from the increased fertilzed acres. And at best, ethanol is energy neutral, burning as much to make as it produces. The acreages quoted in the article hide the fact that there is a very good chance that there will not be enough corn period. At any cost. And with the rationing of acres it is not just corn products that have increased in price. As any shopper can tell you, all food stuffs are higher. Competing for acres drives up the cost of wheat products, soy products as well as corn.

Now, the flaw in your candidate is that we cannot afford to keep fighting in Iraq. Three trillion dollars by 2012. Any other economic decision pales in comparison. The war is not just immoral, unjustifiable but it is also way beyond our means. What are we receiving in exchange for our $9 billion a month? Dead people and nothing else. How any conservative can justify this is beyond my comprehension.

Problem number two with mcCain. He has changed his stance on the tax cuts for the wealthy. Mr. Integrity has compromised his beliefs to keep the conservative vote. He wants to keep throwing good money after bad and finance it by cutting taxes. I would like a Porsche, but I cannot afford the payments and don't have the ability to just print more money.

And don't even start to say that the tax cuts will bring the economy around. We are as close to 1929 as we have ever been and we have lived with the tax cuts for 6 plus years. The trickle down economics have failed again. They work until the bills come due. Our current policy has weakened the dollar beyond anemic. Elz said there were signs in Vietnam that said "No dollars". Once the oil producing countries decide enough is enough and demand oil be traded in Euros instead of dollars, Katie bar the door.

I agree that McCain has some good points. But his stance on the war alone precldes him from being an attractive candidate.

We need someone who is willing to open up the Alaskan preserve in exchange for increased spending on developing alternative fuels that do not include putting food into gas tanks. We need someone to open free trade and insist on our trading partners to do the same. We are losing our power but as long as we have it, we need to assert it against those who put up hidden barriers. We need to stop catering to Wall Street by dropping interests rates at the cost of the dollar. I cannot bear to see what the cut tomorrow does to the dollar.

Unfortunately, all of our current crop of candidates are too interested in getting elected to come out with real programs that are going to hurt for a while but that will bring the country back around.

If the fact that the Fed had to bail out Bear Stearns because they were worried about runs on other financial institutions doesn't scare the bejesus out of you, you need to read more.

unclejim said...

A young man who has worked for me for the past year and a half was just accepted into U of A's masters program in Finance. Of the 30 students who were accepted into his class, 20 are Asian. Not Asian Americans, Asian.

The lack of interest in the fundamentals of our economy by young people is disturbing. As Steven can attest, it is not an easy course of study. But where are the leaders going to come from if young Americans shy away from this area of study because it is too difficult?

And we wonder why the dollar is at an all time low.