Saturday, April 30, 2011

OBAMA'S SILENCE ON BOEING IS UNACCEPTABLE ... NO BACKBONE!!!

The president's appointees have moved to block the company from building planes in my state. He owes us an explanation.

 

By NIKKI HALEY

In October 2009, Boeing, long one of the best corporations in America, made an announcement that changed the economic outlook of South Carolina forever: The company's second line of 787 Dreamliners would be produced in North Charleston.
In choosing to manufacture in my state, Boeing was exercising its right as a free enterprise in a free nation to conduct business wherever it believed would best serve both the bottom line and the employees of its company. This is not a novel or complicated idea. It's called capitalism.
Boeing has since poured billions of dollars into a new, state-of-the art facility in South Carolina's picturesque Low Country along the Atlantic coast. It has created thousands of good jobs and joined the long tradition of distinguished and employee-friendly corporations that have found a home, and a partner, in the Palmetto State.
This a win-win for South Carolina, for Boeing, and for the global clients who will see Dreamliners rolling off the North Charleston line at the rate of 10 a month, starting with the first one next year. But, as is often the case, a win for people and businesses is a loss for the labor unions, which rely on coercion, bullying and undue political influence to stay afloat.
South Carolina is a right-to-work state, and we're proud that within our borders workers cannot be required to join a labor union as a condition of employment. We don't need unions playing middlemen between our companies and our employees. We don't want them forcefully inserted into our promising business climate. And we will not stand for them intimidating South Carolinians.
That is apparently too much for President Obama and his union-beholden appointees at the National Labor Relations Board, who have asked the courts to intervene and force Boeing to stop production in South Carolina. The NLRB wants Boeing to produce the planes only in Washington state, where its workers must belong to the International Association of Machinists and Aerospace Workers.
Let's be clear: Boeing is a great corporate citizen in Washington and in South Carolina. The company chose to come to our state because the cost of doing business is low, our job training and work force are strong, and our ports are tremendous. The fact that we are a right-to-work state is an added bonus.
HEY LOOK, I MADE A DEAL AND I'M THE PRESIDENT... I OWE THE UNIONS, SUCK IT UP!
The actions by the NLRB are nothing less than a direct assault on the 22 right-to-work states across America. They are also an unprecedented attack on an iconic American company that is being told by the federal government—which seems to regard its authority as endless—where and how to build airplanes.
The president has been silent since his hand-selected NLRB General Counsel Lafe Solomon, who has not yet been confirmed by the United States Senate as required by law, chose to engage in economic warfare on behalf of the unions last week.
While silence in this case can be assumed to mean consent, President Obama's silence is not acceptable—not to me, and certainly not to the millions of South Carolinians who are rightly aghast at the thought of the greatest economic development success our state has seen in decades being ripped away by federal bureaucrats who appear to be little more than union puppets.
This is not just a South Carolina issue, and President Obama owes the people of our country a response. If they get away with this government-dictated economic larceny, the unions won't stop in our state.
The nation deserves an explanation as to why the president's appointees are doing the machinist union's dirty work on the backs of the businesses and workers of South Carolina.
Ms. Haley, a Republican, is governor of South Carolina.

DUTY TO LIFE, NOURISHED BY LOVE ON THE WING


Robins - 4 Eggs, 4 Weeks from Fred Margulies on Vimeo.
Who shall answer the life within a mother shall

Birth - a mother’s pain is the aloneness of a new soul
the essence of its spirit is harmony with all life
There is a moment in the mother of life’s indifference
that she feels strange and different, apart and not,
the moment a soul/spirit/heart begins awareness,
in a wonderful language where words have no application
no meaning in experience, no experience in meaning
like the silence of sound timeless, boundless and forever
a dark moment where today is only yesterday’s tomorrow and
the pain of difference is loneliness transformed into the unselfish love of all life
tears of life and of a mothers love wash over her inner loneliness
cleansing a loving heart calming her emptiness
as life seeks to claim the journey of aloneness in an empty soul
in which fear the first impression is imprinted on the soul
that only a mothers love of life can soothe  
R. C. Wise ~ May 1996, Poing, Germany

Friday, April 29, 2011

CHESHIRE CAT, LIQUIDITY, AND WHERE DO WE GO FROM HERE?

You're a domestic BANK and have a pile of cash (paper printed by the Fed) and you're chasing an ever shrinking pool of risk takers (consumers) so that this pile of cash can not be converted into real earning assets. Here's the rub ... the 'shrinking pool of risk takers' are also gun shy and are not willing to leave their comfort zone.  Well, some 'risk takers' have already cast their 2012 vote by taking their 'pile of cash' to other international markets (China) to inject liquidity into those markets. What do you do?  Return to your comfort zone and get out of the rain by getting back under the Fed's 'risk free umbrella' of non-existent overnight earnings.  Under what circumstance and policy does the cycle break out of the Chevy Chase Ground Hog Day?


BREAKING THE SLOWLY CONSTRICTING CYCLE(S) ...  


Now consider the 'highest and best use' of this pile of cash is lending (injecting liquidity) for construction and building in commercial and residential markets that can leverage the credit and spin the wobbling top (economy) faster thereby stabilizing (with reasonable predictability) short-term (within a 10 year window) confidence ... but there are really no takers or qualified takers ... now what ... pick your reason.


"`Cheshire Puss,' [Alice] began, rather timidly, as she did not at all know whether it would like the name: however, it only grinned a little wider. `Come, it's pleased so far,' thought Alice, and she went on. `Would you tell me, please, which way I ought to go from here?'
`That depends a good deal on where you want to get to,' said the Cat.
`I don't much care where--' said Alice.
`Then it doesn't matter which way you go,' said the Cat.
`--so long as I get SOMEWHERE,' Alice added as an explanation.
`Oh, you're sure to do that,' said the Cat, `if you only walk long enough.'"

"`But I don't want to go among mad people,' Alice remarked.
`Oh, you can't help that,' said the Cat: `we're all mad here. I'm mad. You're mad.'
`How do you know I'm mad?' said Alice.
`You must be,' said the Cat, `or you wouldn't have come here.'
Alice didn't think that proved it at all; however, she went on `And how do you know that you're mad?'
`To begin with,' said the Cat, `a dog's not mad. You grant that?'
`I suppose so,' said Alice.
`Well, then,' the Cat went on, `you see, a dog growls when it's angry, and wags its tail when it's pleased. Now I growl when I'm pleased, and wag my tail when I'm angry. Therefore I'm mad.'"

Thursday, April 28, 2011

HERE'S YOUR CHANGE ... SO WHERE'S THE HOPE?

After two years of Obama...
Here's your CHANGE!
 
January 2009
TODAY
% chg
Source
Avg.. Retail price/gallon gas in U.S.
$1.83
$3.66
100%
1
Crude oil, European Brent (barrel)
$43.48
$108.70
150%
2
Crude oil, West TX Inter. (barrel)
$38.74
$91..38
135.9%
2
Gold: London (per troy oz.)
$853.25
$1,450
70%
2
Corn, No.2 yellow, Central IL
$3.56
$6.33
78.1%
2
Soybeans, No. 1 yellow, IL
$9.66
$13..75
42.3%
2
Sugar, cane, raw, world, lb.Fob
$13..37
$35..39
164.7%
2
Unemployment rate, non-farm, overall
7.6%
9.4%
23.7%
3
Unemployment rate, blacks
12.6%
15.8%
25.4%
3
Number of unemployed
11,616,000
14,485,000
24.7%
3
Number of fed. Employees, ex. Military (curr = 12/10 prelim)
2,779,000
2,840,000
2.2%
3
Real median household income (2008 v 2009)
$50,112
$49,777
-0.7%
4
Number of food stamp recipients (curr = 10/10)
31,983,716
43,200,878
35.1%
5
Number of unemployment benefit recipients (curr = 12/10)
7,526,598
9,193,838
22.2%
6
Number of long-term unemployed
2,600,000
6,400,000
146.2%
3
Poverty rate, individuals (2008 v 2009)
13.2%
14.3%
8.3%
4
People in poverty in U.S. (2008 v 2009)
39,800,000
43,600,000
9.5%
4
U.S.. Rank in Economic Freedom World Rankings
5
9
n/a
10
Present Situation Index (curr = 12/10)
29.9
23.5
-21.4%
11
Failed banks (curr = 2010 + 2011 to date)
140
164
17.1%
12
U.S.. Dollar versus Japanese yen exchange rate
89.76
82.03
-8.6%
2
U.S.. Money supply, M1, in billions (curr = 12/10 prelim)
1,575.1
1,865.7
18.4%
13
U.S.. Money supply, M2, in billions (curr = 12/10 prelim)
8,310.9
8,852.3
6.5%
13
National debt, in trillions
$10.627
$14.052
32.2%
14
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history.
Over 27 times as fast! An analogy, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster, it would be doing 1,755 MPH! 
Sources:
(1) U.S. Energy Information Administration (2) Wall Street Journal (3) Bureau of Labor Statistics (4) Census Bureau (5) USDA (6) U.S. Dept. Of Labor 
(7) FHFA (8) Standard & Poor's/Case-Shiller (9) RealtyTrac (10) Heritage Foundation and WSJ (11) The Conference Board (12) FDIC; (13) Federal Reserve (14) U.S. Treasury