Archive for the ‘economy’ Category

Every day on the news the word concerning the budget has been, “The house is divided”, “Will the house compromise?” “Can speaker Boehner make a deal with democrats?”.

All of this is missing the point.

The house has ALREADY passed a budget deal, it was HR 1. It debated and voted and passed it overwhelmingly.

Normal process at his point would be the senate with its Democratic Majority and its Democratic leader Harry Reid to pass an alternative bill and then you go to a conference committee to work things out.

Yet the Senate has yet to manage even 50 votes (let alone 60) on any kind of bill and Harry Reid has shown no inclination to even try to move. This is no surprise, after all he was in charge of the senate with a huge democratic majority that didn’t pass a budget last year in the first place.

Have you seen a single news story this week asking when the senate was going to pass something? I haven’t (granted I spent yesterday in Bed sick) but I don’t see why it is up to the house which has already done its job to act again when the senate has been unable to do a thing and Republican senators do their country no favors by demanding compromise by the house before they have done their job.

Get something passed first, then we can negotiate based on the two versions available.

In the Wisconsin battle the Koch Brothers have been portrayed as evil incarnate, liberals are ready to try to go after him financially but the Unions who actually work for him, suddenly say, not so fast:

A number of organizations are advocating a boycott of the products that come from companies owned by the Koch family. This is problematic for a number of reasons, not the least of which is that it could potentially hurt the wrong people.

The Koch brothers own Georgia Pacific. It is an American consumer goods company that makes everyday products like facial tissue, napkins, paper towels, paper cups and the like. Their plants are great examples of American advanced manufacturing. Incidentally,

GP makes most of its products here in America. The company’s workforce is highly unionized. In fact, 80 percent of its mills are under contract with one or more labor union. It is not inaccurate to say that these are among the best-paid manufacturing jobs in America.

This presents a dilemma and a paradox. While the Koch brothers are credited with advocating an agenda and groups that are clearly hostile to labor and labor’s agenda, the brothers’ company in practice and in general has positive and productive collective bargaining relationships with its unions.

While some companies are running from investment in American jobs, The Koch brothers’ Georgia Pacific just reached agreements with its primary union in the paper industry to invest more than a half a billion dollars in capital to essentially create two state-of-the-art machines that conserve fiber and energy at two separate union mills.

But….but they’re evil! They want to break unions, they are greedy corporate guys who like conservatives, this can’t be true, this can’t be true, la la la la I don’t hear you.

Expect the left to ignore this plea to protect actual good paying American jobs. This isn’t about jobs, it’s about political power and left long ago stopped caring about the actual jobs of actual union members.

Episode 51 of the old Robin Hood TV series from the 50’s was called “Outlaw Money”. In the episode the Sheriff arranges for the arrest of the person in charge of minting coin for Nottingham and replaces it with his own man who mixes in base metal for silver coins while the Sheriff pockets the difference. Robin and his band hijack the new coin dies take them in the forest, and sheltering the old mintmaster provide silver mint their own coins and distribute them to the poor. When Friar Tuck is arrested for passing counterfeit money at the trial the mintmaster (disguised as the inspector from London) appears and notes that the “counterfeit” coins have the right amount of silver and the regulation coins do not, foiling the scheme.

I couldn’t help but remember that episode when reading this story:

The leader of a group that marketed a fake currency called Liberty Dollars in the Asheville area and elsewhere has been found guilty by a federal jury of conspiracy against the government in a case of “domestic terrorism.”

I found this interesting:

The silver medallions were produced by a private mint in Idaho on behalf of Evansville-based Liberty Services, which also issued paper notes the group said were backed by silver reserves.

During the raid, about a dozen agents seized nearly two tons of coins that featured the image of Ron Paul, a Texas congressman. They also took about 500 pounds of silver and 40 to 50 ounces of gold, as was paper currency and other metals.emphasis mine

Two quick thoughts, Ron Paul? Passing currency with the image of Ron Paul? Paul fans have always seemed a bit messianic about him but this is ridiculous.

Secondly, on the law I think the conviction is correct but describing his as a “terrorist” is a bit much.

Silver if I’m not mistaken is trading at $20 an ounce or so $160,000 in silver and gold is going around $1500 so say $750,000. So that means that this guy was actually putting his money where his mouth was backing this stuff.

It’s an odd thing when you have “counterfeit” money backed by actual precious metals while the US dollar is backed by…faith?

Ironically Paul has a hearing coming up on Bullion.

In Wisconsin the word is that the absent senators are on their way back

Playing a game of political chicken, Democratic senators who fled Wisconsin to stymie restrictions on public-employee unions said Sunday they planned to come back from exile soon, betting that even though their return will allow the bill to pass, the curbs are so unpopular they’ll taint the state’s Republican governor and legislators.

Or maybe not:

Wisconsin Democrats who fled the state more than two weeks ago to block a vote on a Republican plan to limit public union collective bargaining said on Sunday they have no immediate plans to return.

Or perhaps maybe:

Senate Minority Leader Mark Miller (D-Monona) said in a letter sent out Monday that he wants to meet with Republicans “near the Wisconsin-Illinois border to formally resume serious discussions” on Walker’s budget repair bill

So they want to meet at the border, what is this the cold war? Ed Morrissey nails it:

I suspect that Walker will explain yet again that the state of Wisconsin already provides a forum for that discussion, and it’s not “near the Wisconsin-Illinois border.” It’s in Madison, which is where the Democratic legislators should have been all along if they wanted to take meetings.

Protesters or no all the visuals help the GOP. Walker can make his statements from the statehouse where is supposed to be. Every Democratic statement has to come from hotels or “undisclosed location”. Ed gets that as long as this keeps up Democrats look bad and Republicans (re-Walker) looks good.

I think that Kaus has it right:

To the extent a liberal MSM conspiracy helped produce and publicize those polls–and it can only be a limited extent since one of the polls is Rasmussen’s– did they inadvertently do Gov. Walker a favor by giving the Dems the PR cover they need to save face while they lose the actual legislative battle?

The problem for the dems it its too easy to understand the whole playing hooky angle. Even people who don’t follow politics get it.

I’m pretty sure how this is going to end, (they come back, bill is passed) I’m just not sure when, the decision however will not be made by the Wisconsin Senators, but by the democratic and union money that is currently backing them up.