Balancing the bad actors (was Re: Health Care (the same topic all week!~))

2008-11-01 Thread Lance A. Brown
Ronn! Blankenship said the following on 11/1/2008 12:24 AM:
 At 11:05 AM Friday 10/31/2008, John Williams wrote:
 Lance A. Brown [EMAIL PROTECTED]

 Instead, we are faced with actors who will collude with each other to
 manipulate markets, subvert systems, and for the short term gain without
 regard to long-term consequences.

 Definitely. Such actors exist in government, as well. In fact, they dominate
 government.

 Which is a big reason why some (including some who do not get health 
 insurance through their employers and cannot afford to purchase it 
 themselves) are so leery of putting the government in charge (either 
 directly or indirectly by holding the purse strings) of anything as 
 important as medical care.

If not government, then what can be brought to bear to counteract the
tendency of human beings to be bad actors?

The health system we have today is broken in many ways.  I don't see how
removing more regulations from it will make it better.  That only gives
the existing bad actors more leeway to continue their activities.

If not the government, who upholds the social contract?

I believe everyone deserves healthcare, education, and other basic
services needed to live a productive, healthy life.  I don't believe
free markets will choose to provide those services to all people willingly.

If less government regulation is better, why do are national health
systems prevalent in many parts of the world?

--[Lance]
-- 
 GPG Fingerprint: 409B A409 A38D 92BF 15D9 6EEE 9A82 F2AC 69AC 07B9
 CACert.org Assurer
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Obama and the 'Drug Killer'

2008-11-01 Thread Andrew Crystall
On 31 Oct 2008 at 12:48, John Williams wrote:

 http://www.forbes.com/opinions/2008/10/30/obama-drug-medicine-oped-cx_ch_1031hooper.html
 
 Obama And The 'Drug Killer'
 Charles Hooper 10.31.08, 12:00 AM ET

No, that's just a good argument for compulsory publishing of all drug 
studies (a very good idea being pushed on lots of other grounds as 
well), and a strict develop it or lose it policy on the IP of 
drugs.

AndrewC
Dawn Falcon

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Balancing the bad actors (was Re: Health Care (the same topic all week!~))

2008-11-01 Thread John Williams
Lance A. Brown [EMAIL PROTECTED]


 If not government, then what can be brought to bear to counteract the
 tendency of human beings to be bad actors?

I think there is a greater chance that God will make us better people than
that the government will. 

 The health system we have today is broken in many ways.  I don't see how
 removing more regulations from it will make it better.  That only gives
 the existing bad actors more leeway to continue their activities.

The existing bad actors dominate government. I don't see how their regulations
are going to make the health system better.

 If not the government, who upholds the social contract?

What social contract? Who signed this contract? What state is it legal in?

 I believe everyone deserves healthcare, education, and other basic
 services needed to live a productive, healthy life. 

That's interesting. What does it mean to deserve healthcare to live a
productive, healthy life? How will you make sure that someone with, say,
amyotrophic lateral sclerosis (ALS) can live a productive, healthy life?

 If less government regulation is better, why do are national health
 systems prevalent in many parts of the world?

Why are wars prevalent in many parts of the world?


  

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Mission to fix Hubble Telescope postponed

2008-11-01 Thread Ronn! Blankenship
http://www.cnn.com/2008/TECH/space/10/31/hubble.delayed/index.html


___
http://www.mccmedia.com/mailman/listinfo/brin-l


'King of the Hill' cancelled

2008-11-01 Thread Ronn! Blankenship
http://www.cnn.com/2008/SHOWBIZ/TV/11/01/king.hill.ap/index.html?iref=mpstoryview


___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Balancing the bad actors (was Re: Health Care (the same topic all week!~))

2008-11-01 Thread Ronn! Blankenship
At 08:55 AM Saturday 11/1/2008, John Williams wrote:
Lance A. Brown [EMAIL PROTECTED]


  If not government, then what can be brought to bear to counteract the
  tendency of human beings to be bad actors?

I think there is a greater chance that God will make us better people than
that the government will.



Government doesn't even have a prayer!


. . . ronn!  :)



___
http://www.mccmedia.com/mailman/listinfo/brin-l


How's Obama Going to Raise $4.3 Trillion?

2008-11-01 Thread John Williams
How's Obama Going to Raise $4.3 Trillion?

http://online.wsj.com/article/SB122480790550265061.html?mod=article-outset-box


The most troublesome tax increases in Barack Obama's plan are not those
we can already see but those sure to be announced later, after the
election is over and budget realities rear their ugly head.

The new president, whoever he is, will start out facing a budget
deficit of at least $1 trillion, possibly much more. Sen. Obama has
nonetheless promised to devote another $1.32 trillion over the next 10
years to several new or expanded refundable tax credits and a special
exemption for seniors, according to the Urban Institute and Brookings
Institution's Tax Policy Center (TPC). He calls this a middle-class tax
cut, while suggesting the middle class includes 95% of those who work.

Mr. Obama's proposed income-based health-insurance subsidies, tax 
credits for tiny businesses, and expanded Medicaid eligibility would
cost another $1.63 trillion, according to the TPC. Thus his tax rebates
and health insurance subsidies alone would lift the undisclosed bill to
future taxpayers by $2.95 trillion -- roughly $295 billion a year by
2012.

But that's not all. Mr. Obama has also promised to spend more 
on 176 other programs, according to an 85-page list of campaign
promises (actual quotations) compiled by the National Taxpayers Union
Foundation. The NTUF was able to produce cost estimates for only 77 of
the 176, so its estimate is low. Excluding the Obama health plan, the
NTUF estimates that Mr. Obama would raise spending by $611.5 billion
over the next five years; the 10-year total (aside from health) would 
surely exceed $1.4 trillion, because spending typically grows at least
as quickly as nominal GDP.

A trillion here, a trillion there, and pretty soon you're talking about 
real money. Altogether, Mr. Obama is promising at least $4.3 trillion of
increased spending and reduced tax revenue from 2009 to 2018 -- roughly
an extra $430 billion a year by 2012-2013.

How is he going to pay for it?

.

In his acceptance speech at the Democratic convention on Aug. 28, 
Mr. Obama said, I've laid out how I'll pay for every dime -- by
closing corporate loopholes and tax havens. That comment refers
to $924.1 billion over 10 years from what the TPC wisely labels 
unverifiable revenue raisers. To put that huge figure in perspective,
the Congressional Budget Office optimistically expects a total of
$3.7 trillion from corporate taxes over that period. In other words,
Mr. Obama is counting on increasing corporate tax collections by more
than 25% simply by closing loopholes and complaining about foreign
tax havens.

Nobody, including the Tax Policy Center, believes that is remotely 
feasible. And Mr. Obama's dream of squeezing more revenue out of
corporate profits, dividends and capital gains looks increasingly
unbelievable now that profits are falling, banks have cut or eliminated
dividends, and only a few short-sellers have any capital gains left to
tax.

.

Mr. Obama has offered no clue as to how he intends to pay for his
health-insurance plans, or doubling foreign aid, or any of the other 175
programs he's promised to expand. Although he may hope to collect an
even larger share of loot from the top of the heap, the harsh reality is
that this Democrat's quest for hundreds of billions more revenue each
year would have to reach deep into the pockets of the people much lower
on the economic ladder. Even then he'd come up short.


  

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: How's Obama Going to Raise $4.3 Trillion?

2008-11-01 Thread John Williams
http://online.wsj.com/article/SB122541237504586451.html

Only Economic Growth Can Provide Positive Change

I think the answer to Alan Reynolds's excellent question and article 
(How's Obama Going to Raise $4.3 Trillion?, op-ed, Oct. 24) is that
Barack Obama is not going to raise $4.3 trillion, and he is not going to
perform on his rhetoric. He excels as a rhetorician -- common to both
the great and the least of past presidents -- but performance cannot 
run on that fuel. Inevitably, I think his luster will fade even with
his most ardent supporters as that reality sets in. We also have seen 
luster fade time after time with Republican presidents. The rhetoric
of a smaller and less invasive government always leads to king-size
performance disappointments. This weakness is as central to the reality
of our political economy as are its strengths. With all its foibles, its
strengths become transparent when you compare it, not with our various
idealizations, but with the litter of human experiments in political
economy that have delivered far more suffering and murder than human
betterment to the citizens of those economies.

Of course it is entirely likely that Mr. Obama will succeed in going 
for higher business, capital gains and income taxes, but it is an
economic illusion to think for a minute that this will benefit the
poor. All our wars on poverty have been lost by failing to help the poor
help themselves. Higher business taxes, which ultimately can only be
paid by individuals anyway, will simply export more economic activity
to the world economy. Higher capital gains and income taxes will 
primarily reduce savings and investment at the expense of greater future 
productivity, which is at the heart of cross-generational reductions in
poverty. A dozen countries, including the third largest economy, already
have zero taxes on capital gains, and eight of them score high on the
Economic Freedom Index and high in gross domestic product per capita.

I favor making all individual savings and direct investments deductible 
from income for tax purposes. In that world there would be no need to
make any distinction between ordinary income and capital gains. By 
adding a negative feature to such a net consumption tax, the poor would
not only receive redistribution benefit, but have an incentive to save 
and accumulate capital. Some poor will see this as an opportunity to
help themselves.

Vernon L. Smith
Chapman University
Orange, Calif.
Dr. Smith was awarded the Nobel Prize in economic sciences in 2002.
~ 



  

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Health Care (the same topic all week!~)

2008-11-01 Thread Nick Arnett
On Fri, Oct 31, 2008 at 9:24 PM, Ronn! Blankenship 
[EMAIL PROTECTED] wrote:


 Which is a big reason why some (including some who do not get health
 insurance through their employers and cannot afford to purchase it
 themselves) are so leery of putting the government in charge (either
 directly or indirectly by holding the purse strings) of anything as
 important as medical care.


First, that's not what is on the table.  Obama hasn't proposed using tax
dollars to pay for medical care.  That would be socialized medicine.  That's
not his proposal, despite his opponent's success at convincing some people
that he is some sort of socialist.

Second, a lot of us are pretty darn unhappy with the current system, in
which insurers consistently misbehave.  Insurers routinely deny claims for
no good reason except that they know a certain percentage of people won't
fight them.  This has happened to us twice in the last year.  I had surgery
that my insurer said did not need pre-approval.  Then they denied it.  My
wife's insurer denied payment for an ambulance trip despite the fact that on
their very own web pages, they describe exactly her symptoms and instruct to
call 911 immediately.  What, we were supposed to call 911 and then refuse
medical care???  I'm a former paramedic -- I knew, absolutely, that the
ambulance trip was appropriate.

So all the talk about the government screws everything up, is inefficient,
etc., holds no water for me.  Supposedly the argument is that big is bad or
civil service leads to laziness, etc.  But I don't see human nature being
any different in the insurance industry.

I'm quite happy to see government out of any affairs that can be run more
efficiently without it.  That's common sense.  But I'd also be happy to see
an end to the knee-jerk reaction that says government is bad and private
industry is good.  Private industry commits plenty of sins, too and
government does well when it is held accountable.

Come to think of it, perhaps the knee-jerk reaction is little more that
laziness on the part of people who are unwilling to do their jobs as
citizens and voters to hold government accountable.  They seem to be a lot
of the same people who are unwilling to hold the GOP accountable for what
their party has led us into over the last eight years.

Nick
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: How's Obama Going to Raise $4.3 Trillion?

2008-11-01 Thread Alberto Vieira Ferreira Monteiro
 How's Obama Going to Raise $4.3 Trillion?

Who fscking cares?

AFAIK, in the past 100 years, only _two_ elected politicians proceeded
according to what they promised. The other one is bolivian Evo Morales.

Alberto Monteiro
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Health Care (the same topic all week!~)

2008-11-01 Thread John Williams
Nick Arnett [EMAIL PROTECTED]

 Insurers routinely deny claims for
 no good reason except that they know a certain percentage of people won't
 fight them.

Sounds like you need to switch to another provider with better service. Although
that might be difficult, since all the government restrictions hinder a 
competitive
market to meet consumers' needs. Let's increase the government interference
so that there is only one alternative for everyone!


  

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Obama and the 'Drug Killer'

2008-11-01 Thread Bryon Daly
On Fri, Oct 31, 2008 at 3:48 PM, John Williams
[EMAIL PROTECTED]wrote:


 http://www.forbes.com/opinions/2008/10/30/obama-drug-medicine-oped-cx_ch_1031hooper.html


 As I wrote in the Concise Encyclopedia of Economics: What complicates
 the picture is socialized medicine, which exists in almost every country
 outside the United States and even, with Medicare and Medicaid, in the
 United States. Because governments in countries with socialized medicine
 tend to be the sole bargaining agent in dealing with drug companies,
 these governments often set prices that are low by U.S. standards. This
 comes about because these governments have monopsony power--that is,
 monopoly power on the buyer's side--and they use this power to get good
 deals. These governments are, in effect, saying that if they can't buy
 it cheaply, their citizens can't get it.


So the claim here is that Americans are almost solely subsidizing the drug
development costs for the entire rest of the world?  And by posting this, I
assume you think this should remain status quo?  Wow, you must really enjoy
spreading our wealth around!  Welcome to the liberal democratic elite!  :-)



 Drugs are not too expensive in the U.S.; they're artificially cheap
 elsewhere. It's also not much of an exaggeration to say that new drugs
 are developed for, and as a result of, the American market because of
 its pricing flexibility.


And yet the drug companies still sell those under priced drugs in those
countries?  Can't they just not sell them there if a fair price isn't met?
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Obama and the 'Drug Killer'

2008-11-01 Thread John Williams
Bryon Daly [EMAIL PROTECTED]


 So the claim here is that Americans are almost solely subsidizing the drug
 development costs for the entire rest of the world?

That is an odd way to phrase it. I would have paraphrased part of the article 
as,
Americans are subsidizing drug development costs for other countries. With
subsidize being used in the sense of to aid or promote. 

  And by posting this, I
 assume you think this should remain status quo? 

No, in an ideal world I would like to see everyone move towards a more
free system.

 And yet the drug companies still sell those under priced drugs in those
 countries?  Can't they just not sell them there if a fair price isn't met?

Drug development is an industry with high fixed costs. Once those fixed,
or sunk, costs have been committed, the drugs are sold for the price that
the market will bear. According to the expert who wrote the article, the
more socialized markets settle on a lower price than the less socialized
markets. If all markets were socialized, then all the prices would be lower.
Then companies would not be able to justify committing the fixed costs
on future development of some drugs, and some drugs would not be 
developed.


  

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Dave Land
On Oct 31, 2008, at 8:22 PM, Nick Arnett wrote:

 As the trick-or-treater came by tonight, I found myself tonight  
 remembering
 going to the Isaly's house on Halloween and getting Klondike bars with
 pumpkin pie flavored centers... Mmmm.  The Isaly's company invented  
 the
 Klondike bar... and at Christmas, we'd go caroling and they'd give us
 Klondikes with mint, tree-shaped centers.

Nobody in my neighborhood invented nothin'.

Joes the Plumbers, mostly Maru

Dave

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Julia Thompson


On Sat, 1 Nov 2008, Dave Land wrote:

 On Oct 31, 2008, at 8:22 PM, Nick Arnett wrote:

 As the trick-or-treater came by tonight, I found myself tonight
 remembering
 going to the Isaly's house on Halloween and getting Klondike bars with
 pumpkin pie flavored centers... Mmmm.  The Isaly's company invented
 the
 Klondike bar... and at Christmas, we'd go caroling and they'd give us
 Klondikes with mint, tree-shaped centers.

 Nobody in my neighborhood invented nothin'.

 Joes the Plumbers, mostly Maru

The only invention in either of the neighborhoods I grew up in that I was 
aware of was the man down the street who had invented the machine that 
stamped Necco onto Necco wafers.

(He'd also blown up an abandoned brick structure with his brothers.  About 
a month later, the absentee owner of the land on which said brick 
structure had stood wrote their father asking him to take it down, and 
offering payment for him to do so.)

Julia

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Bruce Bostwick

On Nov 1, 2008, at 1:41 PM, Julia Thompson wrote:

 On Sat, 1 Nov 2008, Dave Land wrote:

 On Oct 31, 2008, at 8:22 PM, Nick Arnett wrote:

 As the trick-or-treater came by tonight, I found myself tonight
 remembering
 going to the Isaly's house on Halloween and getting Klondike bars  
 with
 pumpkin pie flavored centers... Mmmm.  The Isaly's company invented
 the
 Klondike bar... and at Christmas, we'd go caroling and they'd give  
 us
 Klondikes with mint, tree-shaped centers.

 Nobody in my neighborhood invented nothin'.

 Joes the Plumbers, mostly Maru

 The only invention in either of the neighborhoods I grew up in that  
 I was
 aware of was the man down the street who had invented the machine that
 stamped Necco onto Necco wafers.

 (He'd also blown up an abandoned brick structure with his brothers.   
 About
 a month later, the absentee owner of the land on which said brick
 structure had stood wrote their father asking him to take it down, and
 offering payment for him to do so.)

   Julia

Did their father respond with an invoice for services rendered?  :D


___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Bruce Bostwick
Given that the first time I heard of Necco wafers was as competition . 
22 rifle targets and only much later that they were in fact edible,  
I've always wondered if more of them have been shot or eaten .. :)

On Nov 1, 2008, at 1:41 PM, Julia Thompson wrote:

 The only invention in either of the neighborhoods I grew up in that  
 I was
 aware of was the man down the street who had invented the machine that
 stamped Necco onto Necco wafers.

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Julia Thompson


On Sat, 1 Nov 2008, Bruce Bostwick wrote:


 On Nov 1, 2008, at 1:41 PM, Julia Thompson wrote:

 On Sat, 1 Nov 2008, Dave Land wrote:

 On Oct 31, 2008, at 8:22 PM, Nick Arnett wrote:

 As the trick-or-treater came by tonight, I found myself tonight
 remembering
 going to the Isaly's house on Halloween and getting Klondike bars
 with
 pumpkin pie flavored centers... Mmmm.  The Isaly's company invented
 the
 Klondike bar... and at Christmas, we'd go caroling and they'd give
 us
 Klondikes with mint, tree-shaped centers.

 Nobody in my neighborhood invented nothin'.

 Joes the Plumbers, mostly Maru

 The only invention in either of the neighborhoods I grew up in that
 I was
 aware of was the man down the street who had invented the machine that
 stamped Necco onto Necco wafers.

 (He'd also blown up an abandoned brick structure with his brothers.
 About
 a month later, the absentee owner of the land on which said brick
 structure had stood wrote their father asking him to take it down, and
 offering payment for him to do so.)

  Julia

 Did their father respond with an invoice for services rendered?  :D

I think their father had them clean up what was left and collected the 
offered amount from the owner when he showed up later to see if it had 
been taken care of.  :)  Easiest howevermany dollars he'd ever made, 
probably.

Julia

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Julia Thompson

On Sat, 1 Nov 2008, Bruce Bostwick wrote:

 Given that the first time I heard of Necco wafers was as competition .
 22 rifle targets and only much later that they were in fact edible,
 I've always wondered if more of them have been shot or eaten .. :)

 On Nov 1, 2008, at 1:41 PM, Julia Thompson wrote:

 The only invention in either of the neighborhoods I grew up in that
 I was
 aware of was the man down the street who had invented the machine that
 stamped Necco onto Necco wafers.

You know, shooting them sounds like a better idea to me.  :)  I came to 
the conclusion as a pre-teen that the only decent ones were the chocolate 
ones, and I'd buy 1 or 2 rolls of those a year.  Gave that up about 10 
years ago.

(They have the advantage of being at least vaguely chocolate, but not 
melting easily.)

Julia

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Happy Halloween

2008-11-01 Thread Bruce Bostwick
On Nov 1, 2008, at 2:05 PM, Julia Thompson wrote:

 Given that the first time I heard of Necco wafers was as  
 competition .
 22 rifle targets and only much later that they were in fact edible,
 I've always wondered if more of them have been shot or eaten .. :)

 On Nov 1, 2008, at 1:41 PM, Julia Thompson wrote:

 The only invention in either of the neighborhoods I grew up in that
 I was
 aware of was the man down the street who had invented the machine  
 that
 stamped Necco onto Necco wafers.

 You know, shooting them sounds like a better idea to me.  :)  I came  
 to
 the conclusion as a pre-teen that the only decent ones were the  
 chocolate
 ones, and I'd buy 1 or 2 rolls of those a year.  Gave that up about 10
 years ago.

 (They have the advantage of being at least vaguely chocolate, but not
 melting easily.)

   Julia

I sometimes wonder who first got the idea to use them as targets,  
although having gone through the typical .22 rifle shooting age  
myself, I'm guessing there were youthful male adventures involved in  
the early experiments.  :D  They do work rather well for reactive  
targets of a sort, being about as fragile as the clay pigeons used for  
trap shooting, and back in the days when people used to do exhibition  
shooting, they'd often use Necco wafers because the audience could see  
easily when they were hit.

I know of one exhibition shooter who set up a stunt shot using Necco  
wafers and a heavy steel backplate, knowing that as long as he hit the  
backplate, the fragments would almost certainly shatter both wafers  
quite nicely.  The gag was splitting the bullet on a knife blade,  
which impressed the audience quite nicely.  (Although he later  
examined the setup and found that he had, in fact, split the bullet  
cleanly in half on the knife blade, so it wasn't really a gag after  
all, only amusingly ironic. :)


___
http://www.mccmedia.com/mailman/listinfo/brin-l


Government regulation

2008-11-01 Thread Jon Louis Mann
 I'm done with this conversation since 
 you ducked my question about what
 should replace government regulation.

our resident troll does that a lot.  i suspect he is an ayn rand libertarian 
wannabe, or he just likes to agitate.  one would think that the current 
collapse would wake these people up.
jon  


  
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Government regulation

2008-11-01 Thread Jon Louis Mann
  tired of the repetition of one answer 
 to every problem, because some things 
  are just not nails.

 Government regulations are definitely 
 not nails. Ticking time bombs would 
 be a better metaphor.


the economic boom due to unregulated greed has turned into an exploded bomb - 
no longer ticking...
jon


  
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Government regulation

2008-11-01 Thread Dave Land
On Nov 1, 2008, at 2:19 PM, Jon Louis Mann wrote:

 I'm done with this conversation since
 you ducked my question about what
 should replace government regulation.

 our resident troll does that a lot.  i suspect he is an ayn rand  
 libertarian wannabe, or he just likes to agitate.  one would think  
 that the current collapse would wake these people up.

It depends on what they think is the cause of the current collapse. If  
you're crazy enough, I am pretty sure you can blame it on what little  
regulation remained, getting in the way of good, honest business  
people trying to do good, honest business.

I'm so tired of that old song. They've been singing it since FDR, and  
it's still not true, although they've sung it so long and so loud that  
it has actually bent many millions of minds into thinking that it is  
common sense.

It never was, it is not now, it never will be.

Dave

Government is what we let it be.

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Government regulation

2008-11-01 Thread David Land
On Sat, Nov 1, 2008 at 2:22 PM, Jon Louis Mann [EMAIL PROTECTED] wrote:

 the economic boom due to unregulated greed has turned into an exploded bomb - 
 no longer ticking...

I like what Tom Evslin had to say about this at http://budurl.com/ejfz:

This correction from excess has been violent and in many ways
harmful but it HAS cured many of the excesses; the goal
shouldn't be to reestablish them. We don't want housing prices
to boom out of reach again; we don't want oil prices to go up or
credit to be extended promiscuously; we don't want a banking
economy based on the third derivative of valueless debt. We need
to be wary of those crying crisis because they have a solution
to sell. We've already gone too far in pouring aid in at the top
of the financial system hoping (to put a good light on it) that
it'll trickle down.

We will need to cushion some of the pain at the bottom of the
economic heap; there'll be more need for unemployment insurance
before there's less. We can't afford to let starved states cut
back on infrastructure projects both for the sake of the
infrastructure and for the sake of the economy. But we also want
the excesses that have been corrected stay corrected – at least
until the next bubble.

We also want the excesses that have been corrected to stay
corrected. A nice dream.

Dave
___
http://www.mccmedia.com/mailman/listinfo/brin-l


Re: Government regulation

2008-11-01 Thread David Land
To give credit where it is due: Tim O'Reilly posted a reply on Twitter
(@timoreilly) to Tom Evslin's (@tevslin) piece.

On Sat, Nov 1, 2008 at 3:52 PM, David Land [EMAIL PROTECTED] wrote:
 On Sat, Nov 1, 2008 at 2:22 PM, Jon Louis Mann [EMAIL PROTECTED] wrote:

 the economic boom due to unregulated greed has turned into an exploded bomb 
 - no longer ticking...

 I like what Tom Evslin had to say about this at http://budurl.com/ejfz:

This correction from excess has been violent and in many ways
harmful but it HAS cured many of the excesses; the goal
shouldn't be to reestablish them. We don't want housing prices
to boom out of reach again; we don't want oil prices to go up or
credit to be extended promiscuously; we don't want a banking
economy based on the third derivative of valueless debt. We need
to be wary of those crying crisis because they have a solution
to sell. We've already gone too far in pouring aid in at the top
of the financial system hoping (to put a good light on it) that
it'll trickle down.

We will need to cushion some of the pain at the bottom of the
economic heap; there'll be more need for unemployment insurance
before there's less. We can't afford to let starved states cut
back on infrastructure projects both for the sake of the
infrastructure and for the sake of the economy. But we also want
the excesses that have been corrected stay corrected – at least
until the next bubble.

 We also want the excesses that have been corrected to stay
 corrected. A nice dream.

 Dave

___
http://www.mccmedia.com/mailman/listinfo/brin-l


Humor: Wall Street Bailout 409-Scam eMail

2008-11-01 Thread David Land
Subject: Please to Help
To; John Q. Public
Date: Thu, 23 Sep 2008 22:22:22

Dear American:

I need to ask you to support an urgent secret business
relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My
country has had crisis that has caused the need for large
transfer of funds of 700 billion dollars US. If you would assist
me in this matter, it would be most profitable to you.

I am working with Mr. Phil Gramm, lobbyist for UBS, who will be
my replacement as Ministry of the Treasury in January. As a
Senator, you may know him as the leader of the American banking
deregulation movement in the 1990s. This transaction is 100%
safe.

This is a matter of great urgency. We need a blank check. We
need the funds as quickly as possible. We cannot directly
transfer these funds in the names of our close friends because
we are constantly under surveillance. My family lawyer advised
me that I should look for a reliable and trustworthy person who
will act as next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund
account numbers and those of your children and grandchildren to
[EMAIL PROTECTED] so that we may transfer your
ocmmission for this transaction. After I receive that
information, I will respond with detailed information about
safeguards that will be used to protect the funds.

Yours Faithfully,
Minister of Treasury Paulson

(Any typos are mine -- this was transcribed from uncredited graphics
in the November issue of Funny Times http://funnytimes.com/)
___
http://www.mccmedia.com/mailman/listinfo/brin-l