Ireland: The Sound of One Domino Falling

Economist/Professor Peter Morici speaks and emphasizes the obvious: just as with families and businesses, countries simply cannot “live beyond their means.”

Translated: spending cannot exceed revenue. Or there is a problem.

In his article “Double Dip Or Off The Cliff” Dr Morici writes:

Dr. Peter Morici: US Economy; A double-dip or off the cliff? The US economy has had two crises that were followed by long periods of depressed economic activity, high unemployment, and instability lasting more than a decade—the Panic of 1873 and the Crash of 1929.

Conditions are emerging that could cause that to happen again, and without a radical change in policy, the nation is at risk of a terrible calamity.

Now faltering retail sales, jobs creation and consumer confidence, and stubbornly high new unemployment claims, indicate the economic recovery may be quitting.

If the economy goes down a second time, now, its resuscitative qualities will have been spent when government deficits can’t be much increased, and the Federal Reserve can’t further cut interest rates.

If the economy goes down a second time—for example, GDP declines significantly two quarters in a row—then it likely goes down for good. Unemployment would rise into the teens, and the economy would sink into a depression—a deep and painful slump from which it cannot soon recover.

President Obama’s policies are not helping.

More than one trillion dollars in stimulus was squandered, creating few jobs, and the President’s spending commitments are not proving temporary. Instead, federal finances are burdened by indefinite annual deficits exceeding one trillion dollars—much worse than when George Bush left office.

Obama’s health care reforms are long on mandated benefits and short on cost controls. This combination is raising insurance premiums for businesses and individuals, forcing state governments to increase taxes or trim other programs, and discouraging businesses from hiring.

The President touts green industries to radically reduce petroleum use and seeks to end much offshore drilling, but experts familiar with alternative energy technologies realize that windmills, solar panels, and converting crops to fuels won’t appreciably reduce petroleum use for decades. Either Americans develop more domestic petroleum or pay dearly for more foreign oil.

Financial reforms moving through Congress will impose costly new regulations that raise the cost of credit, create few meaningful consumer protections that are not already being implemented by the Federal Reserve, and leave the biggest banks largely free to continue speculative activities, controlling an even larger share of the nation’s deposits than before.

Big banks remain too big to fail and are becoming more dangerous.

Smaller banks are cash starved and burdened by assets made toxic by the crash—for example, mortgages on shopping malls that have too few customers.

China’s purposely undervalued yuan makes its products much cheaper on US store shelves than its labor cost advantage require, destroying millions of US jobs. China has rebuked diplomatic efforts by President’s Bush and Obama to change this policy.

President Obama should counter Chinese protectionism and abuse of free trade with a tax on dollar-yuan conversions that raise prices of Chinese imports to their true cost to the US economy.

A Savings and Loan Crisis era Resolution Trust could relieve regional banks of troubled loans, earn a profit for taxpayers, and give small and medium sized businesses adequate bank credit again.

Much of this runs counter to President Obama’s progressive principals but hard realities, not utopian dreams, must dictate the decisions of a leader or his nation fail.

On this I would care to now chime in. And I would refer you to the acronym PIGS: Portugal, Ireland, Greece and Spain.

The countries in Europe that are failing mightily.

Ireland will down first. And how goes Ireland, will so go the European Union or EU.

As in the states: as goes Fornicalia, will so go the United States.

And no one is paying attention.

You cannot spend your way out of an economic crisis. Conversely, you cannot print your way out of an economic crisis.

Eight words that explain everything:

You simply have to live within your means.

Translated: spending cannot exceed revenue. Or there is a problem.

In re: only 1/4th of the electorate thinks Mr Obama will be re-elected. DC Elites think otherwise.

China continues to buy more US debt.

Can’t you, please, put this all together, people?

Are you that blazingly stupid?

BZ

Airports & TSA: Unbridled Incompetence


[First things first: I’ve not been paying a lot of attention to the internet for the past few weeks. There are a number of personal issues engaged, and we are ridiculously short-staffed at work. My days average 12 to 15 hours, plus overtime, plus the extra hours on my days off. I find blogging, when I can, to be akin to Aloe on a sunburn, albeit for the 15 minutes I can spare roughly every other day or so. This may continue for a while, dear readers. Not leaving, but trying to stay in the game as much as I can. -BZ]

I’ve also managed to avoid this now-incendiary topic. A LE friend of mine (obviously to remain unnamed) who recently left TSA confirms staggering levels of incompetence in the system — one of the primary reasons for his having exited a management position.
That said, and with permission of the author (see the site here), I reprint in its entirety his incident with the TSA and apparent unnamed officials or agencies he encountered along the way. Despite its length, I would suggest a complete reading so that you may be as fully informed about conduct involving the TSA at our domestic airports. With this information in mind, you may then make a more comprehensively informed decision about the basic premise of: under these conditions, do I even wish to fly? As written by John Tyner (and documented by the San Diego Union Tribune):

TSA encounter at SAN

[These events took place roughly between 5:30 and 6:30 AM, November 13th in Terminal 2 of the San Diego International Airport. I’m writing this approximately 2 1/2 hours after the events transpired, and they are correct to the best of my recollection. I will admit to being particularly fuzzy on the exact order of events when dealing with the agents after getting my ticket refunded; however, all of the events described did occur.

I had my phone recording audio and video of much of these events. It can be viewed below.

Please spread this story as far and wide as possible. I will make no claims to copyright or otherwise.]

This morning, I tried to fly out of San Diego International Airport but was refused by the TSA. I had been somewhat prepared for this eventuality. I have been reading about the millimeter wave and backscatter x-ray machines and the possible harm to health as well as the vivid pictures they create of people’s naked bodies. Not wanting to go through them, I had done my research on the TSA’s website prior to traveling to see if SAN had them. From all indications, they did not. When I arrived at the security line, I found that the TSA’s website was out of date. SAN does in fact utilize backscatter x-ray machines.

I made my way through the line toward the first line of “defense”: the TSA ID checker. This agent looked over my boarding pass, looked over my ID, looked at me and then back at my ID. After that, he waved me through. SAN is still operating metal detectors, so I walked over to one of the lines for them. After removing my shoes and making my way toward the metal detector, the person in front of me in line was pulled out to go through the backscatter machine. After asking what it was and being told, he opted out. This left the machine free, and before I could go through the metal detector, I was pulled out of line to go through the backscatter machine. When asked, I half-chuckled and said, “I don’t think so.” At this point, I was informed that I would be subject to a pat down, and I waited for another agent.

A male agent (it was a female who had directed me to the backscatter machine in the first place), came and waited for me to get my bags and then directed me over to the far corner of the area for screening. After setting my things on a table, he turned to me and began to explain that he was going to do a “standard” pat down. (I thought to myself, “great, not one of those gropings like I’ve been reading about”.) After he described, the pat down, I realized that he intended to touch my groin. After he finished his description but before he started the pat down, I looked him straight in the eye and said, “if you touch my junk, I’ll have you arrested.” He, a bit taken aback, informed me that he would have to involve his supervisor because of my comment.

We both stood there for no more than probably two minutes before a female TSA agent (apparently, the supervisor) arrived. She described to me that because I had opted out of the backscatter screening, I would now be patted down, and that involved running hands up the inside of my legs until they felt my groin. I stated that I would not allow myself to be subject to a molestation as a condition of getting on my flight. The supervisor informed me that it was a standard administrative security check and that they were authorized to do it. I repeated that I felt what they were doing was a sexual assault, and that if they were anyone but the government, the act would be illegal. I believe that I was then informed that if I did not submit to the inspection, I would not be getting on my flight. I again stated that I thought the search was illegal. I told her that I would be willing to submit to a walk through the metal detector as over 80% of the rest of the people were doing, but I would not be groped. The supervisor, then offered to go get her supervisor.

I took a seat in a tiny metal chair next to the table with my belongings and waited. While waiting, I asked the original agent (who was supposed to do the pat down) if he had many people opt out to which he replied, none (or almost none, I don’t remember exactly). He said that I gave up a lot of rights when I bought my ticket. I replied that the government took them away after September 11th. There was silence until the next supervisor arrived. A few minutes later, the female agent/supervisor arrived with a man in a suit (not a uniform). He gave me a business card identifying him as David Silva, Transportation Security Manager, San Diego International Airport. At this point, more TSA agents as well as what I assume was a local police officer arrived on the scene and surrounded the area where I was being detained. The female supervisor explained the situation to Mr. Silva. After some quick back and forth (that I didn’t understand/hear), I could overhear Mr. Silva say something to the effect of, “then escort him from the airport.” I again offered to submit to the metal detector, and my father-in-law, who was near by also tried to plead for some reasonableness on the TSA’s part.

The female supervisor took my ID at this point and began taking some kind of report with which I cooperated. Once she had finished, I asked if I could put my shoes back on. I was allowed to put my shoes back on and gather my belongs. I asked, “are we done here” (it was clear at this point that I was going to be escorted out), and the local police officer said, “follow me”. I followed him around the side of the screening area and back out to the ticketing area. I said apologized to him for the hassle, to which he replied that it was not a problem.

I made my way over to the American Airlines counter, explained the situation, and asked if my ticket could be refunded. The woman behind the counter furiously typed away for about 30 seconds before letting me know that she would need a supervisor. She went to the other end of the counter. When she returned, she informed me that the ticket was non-refundable, but that she was still trying to find a supervisor. After a few more minutes, she was able to refund my ticket. I told her that I had previously had a bad experience with American Airlines and had sworn never to fly with them again (I rationalized this trip since my father-in-law had paid for the ticket), but that after her helpfulness, I would once again be willing to use their carrier again.

At this point, I thought it was all over. I began to make my way to the stairs to exit the airport, when I was approached by another man in slacks and a sport coat. He was accompanied by the officer that had escorted me to the ticketing area and Mr. Silva. He informed me that I could not leave the airport. He said that once I start the screening in the secure area, I could not leave until it was completed. Having left the area, he stated, I would be subject to a civil suit and a $10,000 fine. I asked him if he was also going to fine the 6 TSA agents and the local police officer who escorted me from the secure area. After all, I did exactly what I was told. He said that they didn’t know the rules, and that he would deal with them later. They would not be subject to civil penalties. I then pointed to Mr. Silva and asked if he would be subject to any penalties. He is the agents’ supervisor, and he directed them to escort me out. The man informed me that Mr. Silva was new and he would not be subject to penalties, either. He again asserted the necessity that I return to the screening area. When I asked why, he explained that I may have an incendiary device and whether or not that was true needed to be determined. I told him that I would submit to a walk through the metal detector, but that was it; I would not be groped. He told me that their procedures are on their website, and therefore, I was fully informed before I entered the airport; I had implicitly agreed to whatever screening they deemed appropriate. I told him that San Diego was not listed on the TSA’s website as an airport using Advanced Imaging Technology, and I believed that I would only be subject to the metal detector. He replied that he was not a webmaster, and I asked then why he was referring me to the TSA’s website if he didn’t know anything about it. I again refused to re-enter the screening area.

The man asked me to stay put while he walked off to confer with the officer and Mr. Silva. They went about 20 feet away and began talking amongst themselves while I waited. I couldn’t over hear anything, but I got the impression that the police officer was recounting his version of the events that had transpired in the screening area (my initial refusal to be patted down). After a few minutes, I asked loudly across the distance if I was free to leave. The man dismissively held up a finger and said, “hold on”. I waited. After another minute or so, he returned and asked for my name. I asked why he needed it, and reminded him that the female supervisor/agent had already taken a report. He said that he was trying to be friendly and help me out. I asked to what end. He reminded me that I could be sued civilly and face a $10,000 fine and that my cooperation could help mitigate the penalties I was facing. I replied that he already had my information in the report that was taken and I asked if I was free to leave. I reminded him that he was now illegally detaining me and that I would not be subject to screening as a condition of leaving the airport. He told me that he was only trying to help (I should note that his demeanor never suggested that he was trying to help. I was clearly being interrogated.), and that no one was forcing me to stay. I asked if tried to leave if he would have the officer arrest me. He again said that no one was forcing me to stay. I looked him in the eye, and said, “then I’m leaving”. He replied, “then we’ll bring a civil suit against you”, to which I said, “you bring that suit” and walked out of the airport.

There are other comments posted by the author, as well as phone video (consisting primarily of audio). Please visit his original post for these details. You will also see over 2,000 comments in response.
It appears the TSA is not backing down.
For this and other reasons, unless absolutely compelled for major/critical personal reasons, my inclination to fly has been terminated. I’m driving, even if it’s across the country. I’ve done my own share of pat-down and/or strip searches and I’m sufficiently ancient and curmudgeonly as to not wish to experience them again, on the other end, at the hands of inexperienced and irate government officials making MickeyD wages.
There are any number of issues at play: are the new scanners safe? Is the radiation emitted of little consequence for the very occasional flyer? What of business fliers? What of very frequent fliers? What of pilots and cabin staff who must encounter these machines numerous times per week, or perchance per day? What does TSA staff do with small children? Nine year old females? Young boys? What of the female TSA employee in hajib searching a nun in full garb above? Who really has won, here?
So I suppose there are two important questions:

1. Did this man do the right thing?
2. Do or will these current circumstances influence your own inclination to take commercial flights? Or would you go so far as to rent your own private craft?

Please weigh in.
BZ

“Obama’s” G20: FAIL


I submit this one-word summary of the recent G20 conference in Seoul, Korea, with regard to our lovely Mr Obama:

FAIL.
And not, I believe, a simple fail but — instead — an Abject Fail.
For example, from Reuters:
Analysis: German tempers fray as U.S. policy gulf widens
By Stephen Brown and Andreas Rinke
BERLIN | Wed Nov 10, 2010 5:58am EST
(Reuters) – Germany’s undiplomatic outbursts against U.S. policy, calling it “clueless” before a G20 summit, show growing estrangement on economics as America’s focus shifts away from transatlantic ties to domestic challenges and Asia.
Germany and the United States often criticize each other’s approaches to aiding economic recovery, with U.S. calls for more expansive policy falling on deaf ears in fiscally disciplined Germany. But Berlin has taken the rhetoric to a new level.
Finance Minister Wolfgang Schaeuble, 68, said last week that the U.S. Federal Reserve decision to buy $600 billion of government bonds undermined U.S. credibility and was “clueless.” There was no point, he said, in pumping money into the markets.
China and Brazil were among those echoing his comments but U.S. officials were particularly stung by Schaeuble and German Economy Minister Rainer Bruederle saying the Fed move amounted to “indirect manipulation” of the dollar to boost exports; this at a time when Washington is criticizing China for exactly the same kind of strategy.
“It’s not acceptable for the Americans to criticize China for currency manipulation then slyly help the dollar by printing at the Federal Reserve,” Schaeuble told Der Spiegel magazine.
And here’s the odd thing: Mr Obama walked away from this conference with nothing. No secured trade. No secured contracts. Clue to those with experience: because the G20 is announced every year, attendant countries clearly know, in advance, what to bring (their AGame), what to negotiate, and what to leave behind. The G20 isn’t a time to craft your arguments or draft your submissions; it’s a time to place documents on tables and sign.
Did the US even get an export/import agreement from — of all nations — South Korea (about the easiest to acquire)? Hello? Kia? Samsung? Korean Air? Daewoo? FILA? Hanjin? Hankook? Hyundai? Hyosung? Kumho? LG Group? Hynix Semiconductor?
Uh: no.
Correct me, I may be wrong, but didn’t our Beloved Mr Obama campaign on the premise that the United States had to upgrade its standing in the world, much less the World Economy?
Even the Gray Lady says: Mr Obama, you’re unimpressive.
The G-20 refuse to fall in line with Mr Obama.
And the PIGS are toast: Portugal, Ireland, Greece, Spain.
BZ
P.S.
Mr Obama, you and your staff are such the neophytes, sir. You’re playing, now, not just your Second Stringers (your First Stringers having predominantly quit) but your Third Stringers now.

Interesting Information:

SOME MODERN COUNTRIES THAT RECENTLY ENDED THEIR BIRTHRIGHT CITIZENSHIP POLICY:

  • Canada was the last non-U.S. holdout. Illegal aliens stopped getting citizenship for their babies in 2009.
  • Australia ‘s birthright citizenship requirements are much more stringent thanthose of H.R. 1868 and took effect in 2007.
    New Zealand repealed in 2006
  • Ireland repealed in 2005
  • France repealed in 1993
  • India repealed in 1987
  • United Kingdom repealed in 1983
  • Portugal repealed in 1981

BZ

One Difference:


Republican House Minority Leader John Boehner recently said he’ll be flying commercial when he needs to move about the country as House Speaker.

As opposed to Queen Pelosi who has tabbed up $2.1 million dollars in a mere two years with military flights — for her family as well. Paid by you.

FOIA documents:

  • Pelosi used the Air Force aircraft for a total of 85 trips, covering 206,264 miles, from March 2, 2009 through June 7, 2010. Pelosi, her guests and Air Force personnel logged a total of 428.6 hours on these flights.
  • Members of Pelosi’s family were guests on at least two flights. On June 20, 2009, Speaker Pelosi’s daughter, son-in-law and two grandsons joined a flight from Andrews Air Force Base to San Francisco International Air Port. That flight included $143 in on-flight expenses for food and other items. On July 2, 2010, Pelosi took her grandson on a flight from Andrews Air Force Base to Travis Air Force Base in Fairfield, California, which is northeast of San Francisco.

But hey, that’s okay because she’s a Leftist and everything Leftists do is okay with themselves, no matter the cost.

The times, baby, they are a-changin’ . . .

We are about to go economically medieval in this country.

You just wait and see.

Plomo o plata, ladies and gentlemen.

You might want to look that one up.

BZ


P.S.
I’m sorry, but whilst others blog about Veteran’s Day, I can’t not step up and include politics. It’s my party and I’ll cry if I want to.

But of course: God bless America. And God bless America’s veterans.

You know who you are.