Recent comments

  • No kidding, they are out to impose "austerity" which is really screw what ever is not nailed down that helps the middle class, social safety nets, anyone but the uber rich and incorporated "beings".

    This is why I did and other writers on this site and elsewhere were screaming over the tax cuts to the rich.

    FOMC was no change, including QE2, which I did not bother to post it was so expected there was nothing to comment on.

    That said, the real bastards screwing this country to oblivion are the corrupt government "representatives", past, president, red & blue. Such complementary colors red and blue, assuredly by the same outfit.

    Reply to: A $1.5 Trillion Dollar Budget Deficit for 2011   13 years 9 months ago
    EPer:
  • Register and get an account. You write comments almost every day and if you get an account, you bypass all of the CAPTCHA, comments are immediate, cool stuff appears to track your own comments, see if anyone replied and makes for real discussion. You add great stuff, might as well sign on.

    Reply to: A $1.5 Trillion Dollar Budget Deficit for 2011   13 years 9 months ago
    EPer:
  • No they won't as the neo-classical economic orthodoxy prevails - the US will 'band-aid' to the day of reckoning and until that day it will speed up the printing presses and its print baby print.

    Reply to: A $1.5 Trillion Dollar Budget Deficit for 2011   13 years 9 months ago
    EPer:
  • For crying out loud. PAY DOWN YOUR DEBT!

    One word: taxes.

    Do what you have to do!

    Reply to: A $1.5 Trillion Dollar Budget Deficit for 2011   13 years 9 months ago
    EPer:
  • "This paper considers a plan proposed by Warren Buffett, whereby importers would be required to obtain certificates proportional to the amount of non-oil goods (and possibly also services) they brought into the country."
    http://www.levyinstitute.org/publications/?docid=1077

    Reply to: Get Ready for an Increased Trade Deficit   13 years 9 months ago
    EPer:
  • I've seen worse. They literally are accepting much "less" international degrees, claiming they are equivalent, grade scales are equivalent, when they are not. Academia was noted for labor arbitrage with Post Docs. Yes, we have too many PhDs in the U.S. and major salary repression, other abuses.

    We have universities opening up "campuses" around the globe, I will assume using our tax dollars to educate foreigners and what happens with *that*, i.e. do these people get a soup-can label "MIT" degree with lessor teachers, lessor standards? or even worse, what is the inter-campus transfer policy under these conditions....

    I'd say probably the worst promoter of global labor arbitrage through the U.S. higher educational system has to be Duke university.

    The thing is, when it comes to higher education, there ia nary a mention of any of their doings, their labor arbitrage agenda, their systemic reduction and dilution of the value of a Bachelors degree, regardless that it takes as long and is the same number of credit hours as this so called MSc or foreign "Masters"....

    I've seen similar "focus" groups that are truly absurd, say to get more women one needs to make hard science and engineering more touchy feeling. BS! What they need is to get discrimination and harassment out of the field, esp. in industry itself.

    How many have seen the intern be viewed as eye candy and a potential date instead of a new brilliant engineer or scientist? Anybody from tech, comment on that statement.

    A good overview post on the true state of Academia in this country might be in order...

    I really want to call Obama the outsourcing President..might as well add to it Congress, after all, it seems lobbyists are not only writing their legislation and bills, but are clearly writing even their talking points.

    If you want to take it on and do a cross post to help people find your own site and other pieces, please I'd love it. Only so many outrages one can analyze per day here.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • ... is to feed you what you want to hear. They have focus groups and psychologists with response meters tuned into what "increases favorability" - so why wouldn't they use that data to do just that? They all SOUND good, especially Obama, but I'm sure there's a post in this blog that attempts to count the number of broken promises in just two years (I keep losing track, as more and more seem to be broken weekly).

    As far as "education as the cure all" it's another one that sounds nice, and it certainly fits in with the program. But it gets a little creepy when you see how deeply the Trilateral infiltration of "higher education" really is, and where it all begins. Your readers may find "the program" shocking. I would like to think, and really HOPE that what is contained in these videos is NOT as widespread as it seems, and yet I have never really thought of Minnesota as one of our more "progressive" states.

    Prepare to be sickened, and for those with rose colored glasses, better not click below, you might not make it through dinner without back-up Pepto and a seltzer chaser.
    http://letthemfail.us/archives/7108

    Reply to: The State of the Spinon   13 years 9 months ago
  • Just glad they spoke up. Public Citizen wrote up facts and figures on Obama's New NAFTA style trade agenda.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • The entire globe could come into the U.S. educational system and get an instant green card. That puts Americans in further direct competition and frankly the U.S. higher educational system is already increasingly biased against Americans, through financial support and actual Academic/educational opportunities, as it is.

    So, the cream of the cream Americans actually graduate in those circumstances, they now have to compete for jobs in their own country.....against the globe's workforce.

    How many American Teslas, the guy who brought you AC electricity, the radio and TV, modern communications, will be lost? Odds on many, many. As it is they throw away Americans....so how many patents, innovations have already been lost by this practice? You are not going to innovate without opportunities and some work experience in your area and believe, most people do not have the financial resources to sit in some dorm room where the school charges $80k a year in fees to skip classes and write up some new website or social networking technology. Some of the best innovators never had a 4.0 GPA, many didn't have a 3.0 GPA, and many never even went to graduate school.

    More importantly, most truly earth shattering innovations require very expensive labs, support, equipment and a hell of a lot of time....this myth that innovation occurs in a week is a joke....it takes years with a lot of support and a lot of resources.

    Believe me, AT&T Bell Labs in the old days didn't have some guy walk in, tie a few strings together and invent the transistor in a couple of days.

    It will be a disaster for Americans.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • This is a never ending corporate lobbyist agenda to give a free green card by attending U.S. educational system, some proposals are just for "higher education", yet unfortunately the MSc is being counted as a U.S. Masters, which it's much less than a typical U.S. Masters in difficulty, time and depth.

    Other proposals have gone all the way to Kindergarten. In other words, attend any U.S. school, some proposals are just enroll, don't actually complete and wala, you get an automatic green card, or permanent residency.

    Basically the U.S. has a lot of international students.

    Many, many from China & India. These graduates currently use the H-1B Visa, but it's not what you think. Often they eventually get U.S. citizeship but that doesn't mean loyalty to the U.S., it's more like a great feather in the resume, for one now can create businesses in the U.S., usually offshore outsourcing, labor arbitrage models, and they start businesses back in their original countries, or offshore outsource the jobs.

    They also displace U.S. workers, in particular this practice is used to age discriminate.

    So, this is different from the Dream Act, which has it's own set of absurdities contained within.

    When you hit this topic, the rhetoric does not match the actual legislative text. One needs to read the actual legislative text to see that they intent on tying U.S. immigration policy and law to the already overburdened and underfunded U.S. educational system....a system whose primary charter is to education it's citizens...
    just like every other nation on Earth for their students.

    What that does is bias the educational system with ulterior motives. You cannot expect Academic excellence when the pay out is a green card, think of how that will bias every thing from entrance to grades on tests. Not good. The demand for entrance into the U.S. is still so high, literally that will flood the educational system, just as the USCIS is currently flooded and backlogged.

    This is the idea that instead of increasing stipends and making sure Americans get those college seats, especially in graduate school, they want to flood the university system on the promise of an instant green card.

    This will displace U.S. students. Right now graduate school stipends are often below the poverty line. A PhD is taking 8 years, frankly without rich parents or support, making it through graduate school for Americans has become almost impossible and this isn't difficulty, this is financial.

    U.S. companies as well as India body chops, now Chinese, use foreign nationals to get training here and then take that expertise and technology transfer it out of the U.S.

    The F-4 will make it more easy to do that. These people are here for career, money, business, not to actually become loyal to the U.S., create jobs hiring Americans, build up the U.S. economy. It's ridiculous, while companies get sued for hiring only white people....we have FCDC in the form of Indian body shops, where the majority or workers, as in 90%, are on guest worker Visas from the home country. So in other words, it is already "no American need apply" to a company operating in their own country!

    We already have a reduction of tech jobs, overall, they are offshore outsourced in droves and use of guest worker Visas to labor arbitrage, wage arbitrage and displace U.S. workers.

    53% of female STEM are out of the field in 10 years. So, it's not just age discrimination going on, it's also sex discrimination...

    when one has a never ending supply of labor, that causes wages to be repressed and other labor rights to erode.

    One needs to look at the statistics in a cold hard view and not bring their personal philosophy to the excel spreadsheet and graphs.

    There are exceptions to the above, which actually match the rhetoric, but from a large high up view, this is once again about global labor arbitrage.

    If you want to invest in Americans, you have to guarantee your tax dollars are going to opportunities for Americans, first and foremost.

    Even Tesla (who was an immigrant and clearly Obama doesn't know his inventors because he mentione Edison instead), worked long and hard to obtain his education....

    Tesla by the way would come over today on an "O" Visa and we do indeed want the Teslas of the world.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • This post lists some for engineering.

    U.S. News & World Report lists rejection rates for all colleges, as if somehow denying opportunity to > 70% who want it is a badge of honor.

    I cannot find the 2010 figure I quote but for 2009, it was 19.7% new college graduates who landed a job in their field of study.

    One can assume that 24% is probably on target as the job market slightly improved for NCGs in 2010.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • See USA Today report:

    Unemployment rate for college grads is highest since 1970

    Sad. Very sad. Obama has turned into George Bush. He's destroying the middle class. There are so many smart, productive, college educated people (and their families) out there that are really hurting ...

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • I'm trying to find the citation for these figures in your entry in the EPI Briefing paper:

    "Universities are already high rejection rates for acceptance, some hitting 90%, in addition to not being affordable. Only 24% of new college graduates obtained jobs in their area of study in 2010. 85% had to move back home."

    I can't find the spot in the paper where it discusses rejection rates, and I can't find the 24% figure for new graduates getting jobs in their area of study, or the 85% moving back home. I don't doubt you, I just have someone who wants to know where the figures came from who is asking me, because I like this blog.

    Thanks again,
    Kay

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • Hi Robert,

    I enjoy your blog on a regular basis, but I need a little help understanding some of your conclusions in this post. You write:

    "While Americans cannot get jobs Obama wants to turn our educational system into an automatic free immigration ticket. This will enable labor arbitrage on steroids, displacing even more Americans and enabling more technology transfer to India and China. Having U.S. taxpayer dollars be used to make sure your kid cannot even get into college, not even get accepted, due to all of the foreigners getting the seats, much less a job upon graduation, is an astounding denial of labor economics."

    Forgive my lack of understanding, but how would Obama's policies "turn our education system into an automatic free immigration ticket"? And how would allowing immigrants into the system enable "more technology transfer to India and China"? Most children of illegal immigrants in this country are from Mexico and South and Central America, not India and China, are they not?

    Thanks,
    Kay

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • William Black points out the reason American lead in innovation was the government and some of the direct agencies. He mentions NASA but to me the most successful one was/is DARPA.

    If anyone sees any others, at least people are piping up who are not rewriting history.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • According to the Kaiser Foundation's 2010 report, the average cost of health insurance is $13770.00 per year.  That's for a medium to large company that uses it's own funds to pay medical costs.  The health insurers are just administrators, although the checks come from them.  Those are not health care costs, they're insurance costs.  You add on another $2,300 to the $13,700 for out of pocket expenses:  co payments, procedures not covered, etc.   Then there's the deductible, an expense threshold that has to be reached before the plan kicks in.  That ranges from $500 per person on up.  For a family of three that's $1,500.00.  The grand total for the efficiencies of a direct payment by employer plan is$17,500.

     

    The self employed get no such deal, as is the fact and as I explained clearly.  Remember, we're not talking about premiums.  Those can be very cheap.  But healthcare isn't.  Take this Utah plan from an article I wrote in 2009, Screwing the Self-Employed Out of Health Insurance.

    Utah  2 person plan (five other states presented as well with original insurance company quote)

    Annual Premium:  1682.15 ($140.18 a month)

    Deductible:  $15,000 (2 person family-$7,500 each)

    Prescription Drug deductible:  $2,000 (2 person fam ily $1,000 each)

    Those procedures, medicines, etc. not covered are in addition and do not satisfy the deductible.

    That's how you look at this. 

    When you compare low deductible plans with high deductible plans, they come out about the same for total health care costs (not ust premiums).

    The self-employed tend to be older - 38% are 40 to 60.  That drives rates up.  In addition, the insurance companies take 30 to 45% right off the top (compared to 5% for Medicare and 15% at most for employer self funded plan administration).

    Here's what it looks like when you add premiums, deductibles, and adjust for cost of living for six sates in 2009.  Rates and costs have gone up considerably since then.

    (NCPA refers to a think tank analysis in blue that was premiums only.  That's propaganda!)

    If you take Massachusetts at $17,000 a year, increase it by 20% to bring you to 2011 rates, it comes to $24,480.  That is 75% or more of the individual median income in the USA.

     

    Reply to: Healthcare Reform - Abandoning the Self Employed   13 years 9 months ago
  • It is nothing more than "business as usual" in Washington. In the first place, did anyone really expect anything except more of the smooth talking silver tongued political rhetoric? I certainly didn't. Something is seriously wrong "if" citizens haven't figured out the game yet. Washington politics is nothing more than a cruel game played against the citizens of this country. Face the facts folks, we've been sold out for many decades now.

    Robert, nice write-up. It echoes exactly what I've been saying for years now.

    As far as jobs go, our past history and present determination to send jobs abroad, says it all. Shortly after WWII when we began to rebuild Japan, the wheels were set in motion for what we're seeing today. Our efforts to build and strengthen foreign economies has been at the expense of our own. Our present import and energy dependency is a testament to the "selling of America". The obvious damage inflicted, and forced, on our workforce, by unfair, unjust, and one-sided foreign trade agreements and policies, is at the roots of the majority of our economic woes.

    On the other side of the coin, education is not the problem where employment is concerned. America has no problems when it comes to technology and innovations. Alot of the technology used around the globe was developed here in the U.S.A. But, as you've stated, higher education is becoming unaffordable for most. While higher education is very important, we must also realize and understand that employment opportunities must cover all education and skill levels. We all can't be doctors and lawyers. Someone has to sweep the floor and empty the waste basket.

    The bottom line and solution is to enact fair, equal, and balanced foreign trade agreements and policies. This will allow America to produce more of what America uses and consumes. Our dependency on cheap foreign imports is a "jobs killer".

    On the political front, we must stop re-electing professional politicians to office. In addition, we must become more active on the political scene between election cycles. Our voice and vote are all we have to fight the anti-America corrupt Washington Brotherhood. It's also obvious that we must unite as one America, and end the harmful and fruitless political division that favors one party over the other. In reality, there's no difference between the two parties, and both parties have had a hand in our economic decline over the past sixty plus years.

    Economically, government spending and higher taxes are not the answer. Through waste, fraud, corruption, no-bid government contracts, subsidies, foreign aid ( give-aways ), wasteful projects such as the "Fence" and looking for water on the surface of Mars, the government has proven to be very poor stewards of taxpayers' dollars as is. Also, we must take into consideration that at present, government debt is the only catalyst keeping our economy afloat.

    Regardless of political speeches, "Main Street America" holds the "truths", and is aware of the economic pain and misery caused by a negligent government guilty of dereliction of duty.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • Where's the "Hope", you asked? "The Hope" is that voters will eventually awaken from their deep affliction caused by "Blind Patriotism", and "Stop" re-electing "professional politicians" to serve in Washington. Until then, look for more of the same ol' same ol'. In the U.S.A., we have some of the most brilliant and educated minds in the world, except on election day. On election day, "Stupid" becomes the "order of the day". Thus the sad shameful and pathetic shape this nation is in today. We elect professional politicians ( crooks, thieves, egotists ) on election day, then basically give them "Carte Blanche" to exert their will, and not the will of the people.

    What has happened to this once great nation, didn't happen by accident or chance. It happened because we allowed it to happen through our gullibility to swallow hook, line, and sinker, the campaign rhetoric of silver tongued smooth talking professional politicians. And now, we're paying a heavy price for our stupidity.

    We can blame profressional politicians, or we can blame the American voters that allow them the opportunity to destroy a nation.

    The "hope" is that enough concerned citizens will awaken to the cold hard facts before it's too late.

    Reply to: The State of the Spinon   13 years 9 months ago
    EPer:
  • In the campaign, Obama said "trust me" and have "hope." Then he won, promptly appointed Geithner/Summers/Goldman Sachs and carried on where Bush left off overseas.

    He was very charming and inspirational for a few months (for the uninitiated). Now people see him for what he is, a functionary put in place by The Money Party. He doesn't have to deal with reality, it's dictated to him; and it's not our reality.

    That's a comprehensive rebuttal to the speech. I think you would have done a much better job than the Republican responder (was it Michel Bachmann?, no way).

    Thank you and good night.

    Reply to: The State of the Spinon   13 years 9 months ago
  • Doctors perform a service, even mediocre doctors can save your life, deliver a baby, etc. Health insurance companies add no value to the health equation. They subtract. Eliminating the insurance carriers would save 25% immediately. That would allow for the reasonable compensation of those who keep us healthy. There are many doctors making $500,000 but many more who are around $300,000. When you consider that medical school is between $200,000 and $500,000, it is clear that those investments need to be recovered.

    But practitioner rates are under control in terms of increases. Specialists who are not covered raise rates all the time but they don't effect insurance or health care costs for the rest of us.

    The Swiss model may have been an alternative to state run care. It's private insurance but highly regulated. Here we turn the entire process of defining how healthcare reform works over to failed regulators. Something has to give. The self-employed and very small businesses are the canaries in the cave of the medical system. These problems will get worse for everyone soon if reality is not brought to bear.

    Reply to: Healthcare Reform - Abandoning the Self Employed   13 years 9 months ago

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