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Archive for April, 2009

Apr 30 2009

Valerie Jarrett Is An Idiot

 When Matt Lauer asked the White House Senior Advisor what she thought of those who say that President Obama’s first 100 days has been filled with way too much spending and big government, Valerie Jarrett responded:

“Well that’s very interesting coming from Newt Gingrich. If you look back over the last eight years President Obama inherited the largest federal deficit in our nation’s history.”

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Come on. Give me a break. When her boss was Senator Obama he voted for the largest federal deficit in our nation’s history, and he with his fellow Democrats wanted a bigger federal deficit just like the one they have recently enacted and President Obama has insisted upon.

Jarrett continued:

“So I would say quite the opposite. What he’s trying to do is pump money back in the economy that’s going to jump start our economy.”

Oh! So you’re saying that he has a good excuse for his deficit spending, unlike the Bush administration which did not.

Valerie Jarrett is an idiot. Who else but an idiot would complain about a deficit that her boss had inherited after he had voted for it in the senate? Who else but an idiot would complain about a deficit that her boss wants to enlarge? He has now increased the deficit he inherited by a factor of four.

But according to Jarrett, Obama’s deficit is OK because he’s pumping money into the economy - unlike the Bush deficit spenders who were obviously stuffing it into their mattresses.

Jarrett complains, “If you look at the last eight years with the lack of regulations, basically the private sector ran amok because we didn’t provide the kinds of checks and balances that we needed…”

What lack of regulations? Where was there a lack of regulation? Is she talking about Fannie Mae and Freddie Mac?

That was not a lack of regulation. That was a matter of the goons in her party insisting that bad loans be given to people who couldn’t afford homes.

What does she mean the private sector ran amok?

We’re just out here trying to survive. We’re just trying to earn a living and take care of our families. How are we out of control?

But to Valerie Jarrett the government is hunky-dory. The government is not too big. It’s not too wasteful. It doesn’t tax too much. It doesn’t spend too much. The politicians haven’t run amok. The bureaucracy hasn’t run amok even though it reaches right into our bathrooms and tells us how much water we can flush down the toilet. Hell no, there’s not enough regulation.

We in the private sector are the ones who are out of line. I reckon we had better straighten up and start goose-stepping the right way.

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Apr 15 2009

Why Don’t Merchant Ships Fight Back?

“Captain Silver why don’t you arm your cargo ship and repel those bloody pirates when they try to board and capture your vessel,” I asked as the seagulls circled overhead.

“Yar mate, the owners of the shipping companies would rather pay ransom than risk crew members being killed. It’s all a matter of liability costs don’t ye know…besides we’re sailors, not marines. Not many of our hands are ready to die to protect a rich ship owner’s profit.”

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“Well then,” I pressed him, “Why not hire mercenaries or trained security forces and carry them along to do the dirty work?”

“Ar, you’re a sharp one young Jim Hawkins, but did ye ever stop to consider that arming ships will increase insurance costs, since insurance would be forced to cover a wider range of liability and death situations?”

Long John paused and spat a large wad of phlegm over the railing and into quiet sea below.

“Har! Learned to do that from Leonardo DiCaprio hisself, I did!  Like I was saying, insurance costs would go through the overhead…that’s roof to you lubbers. Did I ever tell you about the time crazy, old Ben Gunn blew the brains right out of a poor fisherman’s head just cause he made Ben nervous? Poor bastard was innocently approaching our merchant ship merely wanting to sell his catch.  The shipping company’s insurance rates sky-rocketed - all on account of that small misadventure.”

“But,” I insisted, “Trained security forces would be better disciplined than Ben Gunn.”

“Ye may be right young Jim, but ye may be mistak’n. Bored men on long voyages are strange creatures. Many ship owners are less worried about piracy than they are of armed men killing each other in personal disputes. Besides, the cost of carrying armed private security forces would probably exceed the cost of a potential ransom.”

“But, Captain Silver, wouldn’t your sailors rather take their chances with fellow employees rather than mean and bloodthirsty pirates? And with the increasing number attacks aren’t the owners suffering increasing financial distress?”

“Ar, Jim! Ye might have a point. But, so far the pirates haven’t hurt anyone, and until they do the ship’s crew will be more likely to surrender than fight. And until the cost of accommodating pirates exceeds the cost of fight’n them, owners aren’t likely arm up.”

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