Comments on: Washington’s Dilemma http://gregor.us/california/washingtons-dilemma/ Energy and Economics Sun, 14 Mar 2010 00:33:48 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: findnannyjobs http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3485 findnannyjobs Fri, 31 Jul 2009 20:31:26 +0000 http://gregor.us/?p=1715#comment-3485 Nanny To You is a free nanny jobs search service Nanny To You is a free nanny jobs search service

]]> By: edvaard http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3481 edvaard Sun, 26 Jul 2009 14:12:29 +0000 http://gregor.us/?p=1715#comment-3481 In 2006 I was asked how bad it could get. My answer made people choke. Here was my answer.<br>If it is bad, you will pimp out your wife.<br>If it is worse, you pimp your sister.<br>If it is really bad,you pimp your daughter.<br>But you probably won't be pimping your mother.<br>Notice the wife goes first.<br><br>The first to go will likely be young women to the middle east on Emirates Airlines -- they just got the A380. If this isn't a reality for you as the Russians what happend 15 years ago. In 2006 I was asked how bad it could get. My answer made people choke. Here was my answer.
If it is bad, you will pimp out your wife.
If it is worse, you pimp your sister.
If it is really bad,you pimp your daughter.
But you probably won't be pimping your mother.
Notice the wife goes first.

The first to go will likely be young women to the middle east on Emirates Airlines — they just got the A380. If this isn't a reality for you as the Russians what happend 15 years ago.

]]> By: wagelaborer http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3444 wagelaborer Tue, 21 Jul 2009 12:53:38 +0000 http://gregor.us/?p=1715#comment-3444 It's not called debt forgiveness. It's called bankruptcy, and it's the usual end to speculation and bubbles. Citigroup, Bank of America, etc., are overextended and should be allowed to fail. Instead, taxpayers are bailing them out.<br>This is unprecedented. The dot-com bubble wasn't bailed out. The railroad bubble wasn't bailed out. The Wall St bubble of the 20s wasn't bailed out.<br>I get that allowing bankruptcy will collapse the economy. But those of us on the bottom are screwed either way. It's not called debt forgiveness. It's called bankruptcy, and it's the usual end to speculation and bubbles. Citigroup, Bank of America, etc., are overextended and should be allowed to fail. Instead, taxpayers are bailing them out.
This is unprecedented. The dot-com bubble wasn't bailed out. The railroad bubble wasn't bailed out. The Wall St bubble of the 20s wasn't bailed out.
I get that allowing bankruptcy will collapse the economy. But those of us on the bottom are screwed either way.

]]> By: Crude Oil Trader http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3337 Crude Oil Trader Fri, 17 Jul 2009 13:46:27 +0000 http://gregor.us/?p=1715#comment-3337 I will have to quote [hopefully with your blessing].....Sarcasm is the new analysis. Love it! I will have to quote [hopefully with your blessing]…..Sarcasm is the new analysis. Love it!

]]> By: Chris http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3334 Chris Fri, 17 Jul 2009 12:13:07 +0000 http://gregor.us/?p=1715#comment-3334 I think that you hit the nail on the head in pointing out that too much "production" is simply leveraging past production. Not sure about this though: <br><br>"savings currently is little more than debt service."<br><br>On a typical $60k household income, the current 7% savings rate has $4200 annual run rate. I believe this is after debt service expense. So there is considerable precautionary savings being built. As well there should as high unemployment looks to be with us a while.<br><br>How do you arrive at the statement that savings is little more than debt service? Maybe I am misinterpreting it. I think that you hit the nail on the head in pointing out that too much “production” is simply leveraging past production. Not sure about this though:

“savings currently is little more than debt service.”

On a typical $60k household income, the current 7% savings rate has $4200 annual run rate. I believe this is after debt service expense. So there is considerable precautionary savings being built. As well there should as high unemployment looks to be with us a while.

How do you arrive at the statement that savings is little more than debt service? Maybe I am misinterpreting it.

]]> By: RHondo http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3333 RHondo Thu, 16 Jul 2009 16:11:21 +0000 http://gregor.us/?p=1715#comment-3333 I don't believe the federal government will use taxpayers dollars to bail out or maintain the standard of living that Californians enjoy. The fact that they don't want to pay for that standard themselves and wish the nation to pick up the tab says a lot about how far we have fallen. I don't believe the federal government will use taxpayers dollars to bail out or maintain the standard of living that Californians enjoy. The fact that they don't want to pay for that standard themselves and wish the nation to pick up the tab says a lot about how far we have fallen.

]]> By: RHondo http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3215 RHondo Thu, 16 Jul 2009 16:11:21 +0000 http://gregor.us/?p=1715#comment-3215 I don't believe the federal government will use taxpayers dollars to bail out or maintain the standard of living that Californians enjoy. The fact that they don't want to pay for that standard themselves and wish the nation to pick up the tab says a lot about how far we have fallen. I don't believe the federal government will use taxpayers dollars to bail out or maintain the standard of living that Californians enjoy. The fact that they don't want to pay for that standard themselves and wish the nation to pick up the tab says a lot about how far we have fallen.

]]> By: RHondo http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3169 RHondo Thu, 16 Jul 2009 16:11:21 +0000 http://gregor.us/?p=1715#comment-3169 I don't believe the federal government will use taxpayers dollars to bail out or maintain the standard of living that Californians enjoy. The fact that they don't want to pay for that standard themselves and wish the nation to pick up the tab says a lot about how far we have fallen. I don't believe the federal government will use taxpayers dollars to bail out or maintain the standard of living that Californians enjoy. The fact that they don't want to pay for that standard themselves and wish the nation to pick up the tab says a lot about how far we have fallen.

]]> By: joshfactor http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3332 joshfactor Thu, 16 Jul 2009 13:23:02 +0000 http://gregor.us/?p=1715#comment-3332 sorry but a federal bailout is the wrong answer to a well described problem. It allows states to continue to pass the buck of runaway public costs down the road for a harder day of reckoning. its true that the country needs substantial infrastructure & education investment to build for the future. but there is no future when mega corporations ship professional US jobs overseas, hire illegal immigrants instead of american labor for blue collar jobs, health care insurers gouge businesses & deny coverage to the sick, wall street banks gouge consumers on their credit cards, create a derivatives bomb & pass it to the taxpayers, & public sector costs are inflated by public employee unions. Not to mention the powerful lobbies who have more power than presidents to effect changes in the law. There are a lot of problems to fix, & more deficit spending is not a solution, but a problem in of itself. Obama will have to beat very powerful interests who are making these problems, & so far we do not see the gumption in him to do so, as evidenced by the mortgage bankruptcy reform defeat. sorry but a federal bailout is the wrong answer to a well described problem. It allows states to continue to pass the buck of runaway public costs down the road for a harder day of reckoning. its true that the country needs substantial infrastructure & education investment to build for the future. but there is no future when mega corporations ship professional US jobs overseas, hire illegal immigrants instead of american labor for blue collar jobs, health care insurers gouge businesses & deny coverage to the sick, wall street banks gouge consumers on their credit cards, create a derivatives bomb & pass it to the taxpayers, & public sector costs are inflated by public employee unions. Not to mention the powerful lobbies who have more power than presidents to effect changes in the law. There are a lot of problems to fix, & more deficit spending is not a solution, but a problem in of itself. Obama will have to beat very powerful interests who are making these problems, & so far we do not see the gumption in him to do so, as evidenced by the mortgage bankruptcy reform defeat.

]]> By: joshfactor http://gregor.us/california/washingtons-dilemma/comment-page-14/#comment-3214 joshfactor Thu, 16 Jul 2009 13:23:02 +0000 http://gregor.us/?p=1715#comment-3214 sorry but a federal bailout is the wrong answer to a well described problem. It allows states to continue to pass the buck of runaway public costs down the road for a harder day of reckoning. its true that the country needs substantial infrastructure & education investment to build for the future. but there is no future when mega corporations ship professional US jobs overseas, hire illegal immigrants instead of american labor for blue collar jobs, health care insurers gouge businesses & deny coverage to the sick, wall street banks gouge consumers on their credit cards, create a derivatives bomb & pass it to the taxpayers, & public sector costs are inflated by public employee unions. Not to mention the powerful lobbies who have more power than presidents to effect changes in the law. There are a lot of problems to fix, & more deficit spending is not a solution, but a problem in of itself. Obama will have to beat very powerful interests who are making these problems, & so far we do not see the gumption in him to do so, as evidenced by the mortgage bankruptcy reform defeat. sorry but a federal bailout is the wrong answer to a well described problem. It allows states to continue to pass the buck of runaway public costs down the road for a harder day of reckoning. its true that the country needs substantial infrastructure & education investment to build for the future. but there is no future when mega corporations ship professional US jobs overseas, hire illegal immigrants instead of american labor for blue collar jobs, health care insurers gouge businesses & deny coverage to the sick, wall street banks gouge consumers on their credit cards, create a derivatives bomb & pass it to the taxpayers, & public sector costs are inflated by public employee unions. Not to mention the powerful lobbies who have more power than presidents to effect changes in the law. There are a lot of problems to fix, & more deficit spending is not a solution, but a problem in of itself. Obama will have to beat very powerful interests who are making these problems, & so far we do not see the gumption in him to do so, as evidenced by the mortgage bankruptcy reform defeat.

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