Category Archives: Economics

Home Depot

This makes me glad that I’m a regular customer:

On CNBC, the founder of Home Depot blasted Barack Obama and his administration as a collection of tenured dilettantes who have never had to meet a payroll in their lives. Greg Hengler offers a couple of juicy excerpts from his appearance, especially when Marcus starts “apologizing” for having created over 300,000 jobs through the kind of entrepreneurship that the current White House wants to discourage.

I don’t think that Obama was tenured, though. And I hope he’ll be out of a job himself in a couple years.

Save The Planet

Shop Walmart:

you, and everyone else trying to sell to Walmart, have to spend all your time figuring out how to produce the same product with less. Walmart’s ruthless focus on reducing prices is driving producers everywhere to cut the costs of production: to switch to cheaper materials, use less packaging, cut down on waste of all kinds and to consolidate and rationalize both production and distribution. The result is a steady and inexorable decline in humanity’s impact on the environment for every unit of GDP.

The Green Police couldn’t do it any better. In fact, given the political cluelessness, uncertain signals (is nuclear energy a good thing or a bad thing?), and anti-scientific knuckle dragging from environmentalists on subjects like the use of GMOs in agriculture, it’s likely that a world run by Walmart would be both richer and cleaner than a world run by Greenpeace. Not that I want Walmart (or Greenpeace) to run the world, bu at the end of the day, being ruthlessly cheap is the most important way of being green. To cut out waste, to use methods of production that cut the energy consumed at every stage in the process, to strip packaging to the barest minimum, to reduce the amount of raw materials in every product: this is the mother lode of green. This is how a growing human population limits its impact on the earth. This is where Walmart and green are as one.

I still say that Sam Walton was a greater humanitarian, and did more to improve the lives of the poor, than any politician ever born.

The Last Straw

Kyle-Anne Shiver says that the Democrats sealed their fate in March:

All the other power-grabs — taking over auto companies and banks and insurance companies — might have left the Democrats out of the electoral tsunami zone, but the health care power grab sealed their coming fate.

The health care bill, foisted upon an unwilling American public, has become this era’s Intolerable Act. Just as King George and his elitist parliament pushed our ancestors beyond their breaking point, so has the modern Democrat cabal of Obama, Pelosi, and Reid. These are names that will live in American infamy.

No Mount Rushmore for them.

Get Ready For Your Health-Care “Reeducation”

By voting the fascists out in a few weeks.

More thoughts here:

Zero tolerance for expressing an opinion, or offering an explanation to policyholders? They’re more subtle than this in Caracas.

and here:

Secretary Sebelius’ Hugo Chavezesque threats against the health insurance industry demonstrate why the fight to repeal Obamacare is also the fight for the soul of our country. Obamacare and the progressive movement represent a fundamental threat to our founding principles. For the left, “progress” means fundamentally transforming America through bureaucratic dictates that will engineer a “better” society by assuring equal outcomes. Through Obamacare, progressives would redistribute wealth through a distant, patronizing welfare state that regulates more and more of the economy, politics and society. The question Americans face is: Are we a country ruled by law or by bureaucrat?

Time to take the country back.

Hating Everything That Congress Has Done

For the first time in my political life, I am in agreement with the majority:

The numbers: Bank bailouts, 61 percent disapprove versus 37 percent approve; national health care, 56 percent disapprove versus 39 percent approve; auto bailouts, 56 percent disapprove versus 43 percent approve; stimulus, 52 percent disapprove versus 43 percent approve. Only financial reform, with 61 percent approve versus 37 percent disapprove, is a winner for the representatives and senators seeking re-election.

OK, not entirely. I think that the financial reform was a mess, and will prove disastrous as well.

The Tsunami Approaches

The coming deconstruction:

California once again leads the nation with a $26 billion budget deficit plus an unfunded pension obligation of $500 billion. Its current financial structure is clearly unsustainable. It has an operational structure that in ungovernable with often duplicative agencies, some collecting less in tax revenue than the agencies spend on collection. Wikipedia lists 500 existing public agencies for the State of California. California can no longer afford such a luxury. It must deconstruct these bloated inefficient government agencies, and rid itself of their chairman, staff, offices, cars, pensions and the overhead that such excess represents. A $26 billion dollar deficit is not something that can be corrected with a wage freeze or job furloughs. Bold leadership can lead California to deconstruct its 500 agencies down to 100 functional organizations. California is a classic example of what must change in the coming Great Deconstruction.

One Orange County city has already taken bold steps to correct its $10 million deficit. It may be a model for other cities and states across the country. Internally, it has decided it will not replace any city worker that dies, retires, moves or quits. The city will simply out source the employment to an outside service company and eliminate healthcare requirements and unsustainable pensions. Building inspectors will be out sourced as will city plan checkers, librarians and meter maids. Only essential services like top executives and cops will remain on the city payroll. The city staff will eventually decrease from 220 to approximately 35 personnel. This is the essence of deconstruction.

It’s going to get very ugly for the parasites. Let’s just hope they don’t end up killing the host.

[Update a few minutes later]

Business and unions meet to discuss upcoming pension disaster.