Monday, January 25, 2010
Monday Musings
First of all, on the late night wars. Two things bother me, or rather two opinions bother me. One is the opinion that Conan O'Brien is a victim. Look, I've always liked Conan and I think he's pretty funny but let's be honest: the guy just got paid $33 million to NOT host a tv-show. Every day of my life, I've NOT hosted a tv show. Where's my check? I think that NBC and Leno pulling the plug on him was unfair, but he's been adequately compensated for it and then some. He's not a victim. The second opinion that annoys me is people responding to this story with "how can these celebrities get paid and companies throw around all this money when there are millions starving in the world" or some derivation of that. Entertainers and athletes are paid exorbitant amounts of money. Deal with it. They are paid that much because their is a market for their services, and that is the market rate. If you don't like it, I'm sure that Cuba and Venezuela would be glad to have you.
I was saddened to learn that apparently Dennis Hopper has late-stage terminal cancer and is facing his final days. Did I just have my head in the ground or has this just not been widely reported? Not like I'm the world's biggest Dennis Hopper fan but I've always enjoyed him and his work. I loved him in Easy Rider, Apocalypse Now, Blue Velvet, Hoosiers, True Romance, and, yes, even Speed and I think he qualifies as an American film icon. And not even the worst of human beings deserves the slow horrid death that cancer brings, so all I can wish for him is as little pain and as much peace as possible in his final days. It's times like these where I think that instead of the endless memorials and tributes that are going to be shown in his honor after he dies, wouldn't it be nice if we paid tribute to him now while he's still around to enjoy and be touched by them? That's something that's always seemed so backwards to me.
The other strange bend to this story is that he's apparently using his final days to file for divorce from his wife, supposedly to keep her from contesting his will. That just seems like some misguided priorities to me. You find out that you've got a month or so to live and rather than trying to cope and be at peace with it and learning to detach and disassociate yourself from materiality and things that will no longer be of concern to you shortly your thoughts turn instead to "Bitch ain't gettin my money!" And his wife, for her part, is certainly not doing much to elicit sympathy. Under their pre-nup, she is still entitled to one quarter of his estate even if they're divorced. So does she say "I don't care about the rest of the money; let's not spend the rest of our time together fighting." Nope. She's supposedly "barricaded herself into their house" while he's been at the hospital. Classy. And they have a 6-year-old child together (Galen). So always remember Galen: even (and, apparently, especially) in the face of death, money is always the most important thing.
Friday, January 22, 2010
The Downfall of the Two Party System
I believe that we are currently witnessing the downfall of the two-party system. To be sure, it will be a slow, painful, agonizing death but I think that we've seen the cracks in the foundation already and those cracks will just widen given time. Allow me to elaborate.
The fundamental weakness of the two-party system is, unsurprisingly, its binary nature. Outside of the primaries, you don't get a diverse range of choices on the issues. You don't like candidate A or candidate B's position on a particular issue? Tough luck; pick one. This can be overcome when the system is functioning at its best, and that's when there is a semi-clear line of demarcation between the two parties that occurs at or near the center of the political spectrum. In that scenario it's fairly clear what each party stands for and when you elect more members of one party you can have a reasonable expectation of their priorities and you can also expect that they will more or less vote together. But the fundamental flaw which cannot be overcome in this system is that you have no good method of registering discontent with the ruling party other than to vote for the other side. That often leaves the electorate in the awkward position of voting for someone they don't ideologically agree with, just because they're fed up with what the current party has been offering. And small wonder that these voters are fickle and will abandon you the first chance they get; they never agreed with you in the first place!
But the real breakdown occurs when one party, rather than being spread throughout their half of the political spectrum, becomes ideologically clustered around the last 20% of it (as the Republicans have). Then, by definition, the other party is left to cover the remaining 80%. That might seem like a good thing for the party with the wider base, but it actually becomes a huge hindrance. You've got somebody who is 10 "points" right of center in the same party with someone who is all the way left. At that point the question becomes less "why can't you two stay together on an issue?" and more "why the hell are the two of you in the same party?"
Here's the other problem. The Democrats don't actually cover the remaining 80% of the spectrum abdicated by the Republicans. At heart, most Democrats are left of center. So they move to the right to try and fill the void left by the Republicans but they're not going to go all the way to 30 "points" right of center. I'd say they're probably only going about half that far - to about 15, but let's not get hung up on the numbers since they're pretty arbitrary anyway. The point is that you've now got a fairly sizeable gap in ideology between the two parties and that's a huge problem. When the two parties each inhabit an entire half of the political spectrum, the members in the middle aren't too far apart, no matter which party they belong to. That makes compromise feaible and, since they are by definition compromises by centrists, they tend to be pretty good ones. But now that you've got a gap in ideologies between the parties - forget it. It might as well be a chasm as far as compromise is concerned.
So the result is depressingly logical: complete gridlock when the Democrats are in charge and lots and lots of legislation that the majority of the country disagrees with when the Republicans are in charge. Taken in this context, it makes all the sense in the world that the period of our greatest prosperity (recently) occurred when we had a Democratic president with a Republican congress (94 - 2000). We avoided the gridlock of the Democratic congress while at the same time the Republicans were forced to come back towards the center to avoid a veto.
So is this unavoidable? I don't think so, but it will take a lot of time and, most importantly, a lot of courage from a small group of people (but then again isn't that the recipe for most major changes?). I used to think that the Republicans would be the ones splintering. That the fiscal conservatives would disassociate themselves from the religious fundamentalists and return to the center. I think they had a chance to do that, but that ship has now sailed. They realize that their base, while extremely passionate, is small and thus abandoning the party for the center would most likely just lead to political obscurity. Some (like Bob Barr) went to the Libertarian party and political obscurity was indeed the result (unless you consider .4% of the vote in the 2008 Presidential election to be "relevant"). Others (like Jim Webb) flipped and joined the Democratic party. But most just shuffled to the right along with their colleagues.
So what about a new 3rd party springing to national prominence? I just don't see it happening. Perot had a chance to do it in the early 90s but he was only interested in getting himself elected; the creation of a viable 3rd-party alternative was not on his agenda. Nader's Green Party? I don't think they'll ever have mass appeal, even among the left. Libertarians? There was a time when I'd like to have thought that but then something changed. I went to one of their meetings and they are just an incoherent mess. The Economist hit it right on the head when they said that they can basically be put into two groups: anarchists and drug decriminalization advocates. Hardly a platform with mass appeal.
So, yes, that leaves the Democrats as the most likely to fracture, and I'll give you a script for how it might happen. They lose power in either 2010 or 2012. The Republicans then proceed to pass a lot more legislation that is horribly unpopular. At some point they probably get us involved in another war too. The people once again get fed up with them and give the Democrats another go. The Dems take control and all the same gridlock happens again. The electorate is fed up with them yet again, but they also still remember that the Republicans haven't done anything they agree with for a long time. So then the key will be that a small group of important and popular Democrats have to get fed up as well. And it would probably have to be a group of either just retired or those thinking about retiring who don't have a whole lot to lose. It would be a big risk but if you got enough people to jump at once and enough momentum you could basically have a microcosm of how Obama overtook Hillary in the primaries. If you are able to move people from "well that's nice, but it'll never happen" to "wow, there might really be something here" you can do anything.
Hey, I can dream can't I?
Wednesday, January 20, 2010
Why the Democratic party is like a 4-year old
But from reading the news and the blogosphere you'd never know that. Pundits are talking about the Democrats being "devastated" and Democratic bloggers everywhere are lamenting the loss of the super-majority. And the more I read, the more it all started to seem very familiar. Let's roleplay a little - and no I'm not talking about getting out my dominatrix outfit (which I look damn hot in BTW). It's 3 months before Christmas and all your 3-year-old son can talk about is how much he wants a Buzz Lightyear action figure. On and on he goes about how great it is and how every night he dreams about it and generally how perfect and wonderful his life would be if only he had a Buzz Lightyear action figure. And on Christmas morning he gets it and you watch his eyes light up and he jumps up and down screaming and tells you how amazing and wonderful you are for getting it for him and how he'll never be bad again and will love it and cherish it for ever and ever. And for the next few weeks he goes everywhere with it. Eats with it, sleeps with it, goes to pre-school with it. And he treats it with the reverance that a monk would treat a first edition of the Bible. But then gradually the novelty of it all starts to wear off. Inevitably it starts getting nicked up and eventually after one too many ill-fated takeoffs a wing snaps off and once you caught him in the nick of time before he subjected Buzz to "military stress testing" with a lighter and an aerosol can. And eventually Buzz just gets thrown in the toy chest with everything else and gets largely forgotten about. Fast forward a year later and you are looking to give away some toys to Goodwill and you say "he doesn't ever play with this Buzz Lightyear anymore so he'll never miss it. And I bet some other kid would really like it." So you give it away. A few days later your son notices that it is missing and now, of course, he is irate and inconsolable. "How could you have given away my favorite toy in the world?!?!?! I loved that toy and now there will never be another one like it . . ." and so on.
So I guess what I'm saying is that no matter how rarely your child plays with a toy, don't give it to Goodwill. It's just not worth the hell you're going to catch.
No, wait, that's not it. The point is that the Democrats finally got the one thing that they've wanted forever. And they were really excited when they got it. But then they misused, neglected, and then ultimately stopped using it and despite that now they're all horribly depressed that it's gone.
So now supposedly the new gameplan is to try and get the Senate version of the healthcare bill to pass the House, thus bypassing the reconciliation process and negating the need for it to pass the Senate a second time. My opinion? If the idea of bringing a bill back to a place where you control 59 of the 100 seats fills you with such terror that you will do anything to get around doing it, then maybe it's not a very good bill. What the Democrats should do (and of course won't) is just start over. Pass a small bill that just eliminates pre-existing conditions and lifetime limits, declare victory, and move on so that maybe you actually have some legislative accomplishments to run on this November. That's what they should have done even before yesterday, but it's even more what they need to do today.
Monday, January 11, 2010
My Gratuitous Top 10 List
Thursday, January 07, 2010
Happy New Year, Decade, Etc!
First of all, I was very excited that yesterday my favorite Cub of all-time was finally recognized as one of the best players of all-time. Dawson, Mark Grace, Ryne Sandberg, and (believe it or not) Shawon Dunston are the reason that I am the Cubs fan I am today. Congrats to the Hawk!

Monday, December 21, 2009
Avatar
As far as this film representing the next leap forward technologically in film, I can tell you unequivocally that you can believe the hype. It is hands down the most amazing looking film I've ever seen. Cameron has managed to create a living, breathing world in a way that has never been done before in the history of film. And he has done it, presumably, almost exclusively with CGI. And the fact that I say "presumably" is itself a remarkable statement. Because I simply can't tell. There are things I saw which I have no possible idea how they would have been created without CGI, but there's no "dead giveaway" that makes me able to say for sure that it is. I think that Cameron learned (which, sadly, George Lucas did not) that most of the time where you run into trouble with CGI is when you have CGI characters present with non-CGI ones. He sidesteps this by basically making everything (and everyone) CGI. I counted only a very small handful of scenes where CGI and non-CGI characters were present in the same shot, and the shots were either so brief or they were so laden with other effects that your eyes aren't drawn to the differences. Ccompare this with, for example, the scene near the beginning of The Phantom Menace when we first meet Anakin. Anakin's master is all CGI and we don't believe for a moment that he's actually in the shot with the actors.
It only took me about 20 minutes into the film to realize that it was a guaranteed Oscar winner. Seriously, if it doesn't win Best Visual Effects they should just do away with the award. Sorry Star Trek, looks like you picked a bad year to come out.
Basically the movie looks so amazing that even if everytime a character had opened their mouths to speak chimp noises came out instead it still would have been a 4/5 star movie. So it should have been a no-brainer for it to earn 5 stars. So why only 4.5? Well, the story and dialogue are quite underwhelming. The story (in its largely spoiler-free form) is basically The Last Samurai meets The Secret of Mana. It's a serviceable story and it's never boring but it also abounds with cliches. I can totally forgive that, because the look of the film is so spectacular that in a way it's nice to be in the confines of a familiar story. You can feel free to look around and admire all the little details (and believe me there are a TON) without having to worry about getting lost. The dialogue, however, is another story. There's at least a half dozen examples where one character says to another character something that the other character would obviously already have known and it's clear that the only point is to provide expository dialogue. It just feels very unnatural. Also, there is just no form of subtlety here at all. As just one point that isn't a spoiler of any consequence but just summarizes it perfectly, the humans on the planet are mining for a rare mineral. And rather than just name it something that already exists, the writers decide to invent a new one and the name they choose is "unobtainium". The film is unabashedly pro-environmentalism and anti-war. There's nothing wrong with that but, again, some form of subtlety would be nice. The worst part is that it's unnecessary; the themes would have come through just fine without several characters basically outright stating them. It feels dumbed down, and maybe that's the point. All in all, it's certainly not something that ruins the movie but it is a detraction. I just wish they'd spent maybe $2-3 million less on the effects and invested in a decent rewrite of the dialogue.
Overall, the movie is just what it promises to be: a true cinematic experience. If you are thinking that you will eventually see it, do yourself a favor and see it the way it was meant to be seen: on an IMAX. The 3-D is awesome but not compulsory, in my opinion, but the large screen is. I don't know how the film will hold up once it gets to Blu-Ray but I guarantee you anyone that pops it in for the first time is going to say "wow, this would have been amazing to see on a huge screen." Don't be that guy (or girl).
Friday, December 18, 2009
I Am S-M-R-T
Leaving work in less than an hour to see Avatar. I'll have at least my star rating of it up by tomorrow (I know you all can't wait). Next week I am in the office on Monday, working from home on Tuesday, and then have the rest of the week off. As much as I will miss Christmas in Texas, it will be nice to just have 5 days off and not have to travel anywhere farther than Aurora and Tinley.
For you sports (and especially Cubs) fans out there, it was just reported that the Cubs finally traded Milton Bradley; and no, it wasn't for The Parker Brothers. It was for Carlos Silva, who is arguably the worst starting pitcher in MLB right now. The worst part about all of it is that I now can no longer make fun of the Sox for trading for Juan Pierre. My only hope is that during the Crosstown Classic next year I get to see Pierre bat against Silva. I'd like to know what happens when a player who specializes in hitting very week ground balls to second meets a pitcher who specializes in giving up towering home runs?
Tuesday, December 15, 2009
Playing Catch-Up Again
I've got tickets to see Avatar in 3-D at the Navy Pier Imax on Friday. I initially bought tickets to it with the idea that it would be a fun, mindless sci-fi action movie. Now, however, after seeing Ebert give it his most glowing review ever, IGN come pretty close to that as well, and it too getting a Best Picture Golden Globe nomination, I would have to say that my expectations have definitely been raised. I can't really argue with the people who say that the previews do not look promising, but my response is this: please name me one feature film James Cameron has directed that isn't good (at least in the last 25 years)?
I'm still following the health care debate closely but I don't even really know where to start with that. Four months ago I wrote (of Democrats) "if you sit there and worry about every opinion poll and detrimentally alter the bill to fit the popular mood of the hour, you've got a good chance of ending up with a spectacularly crappy bill. And that's what'll get you killed in the election next year." Sadly, this looks to be exactly the route that they are following. I've seen the focus since that time shift dramatically from "we need to pass sweeping health reform that will ensure that every American is covered and that costs are kept down" to "we need to do everything in our power to pass something so it doesn't look like we've just wasted an entire year." Other than the actual Senators currently out pushing it, I don't know a single person that likes the current Senate bill (though, since it seems to change almost daily, I'm not even positive what the "current" Senate bill incarnation is).
Ironically, about the only that Republican-leaning and Democrat-leaning voters can agree on these days is that this bill is terrible. If they pass it in its current form, it will basically achieve nothing they set out to do other than (maybe) insuring a few more uninsured. It will do nothing to increase competition or keep costs from sky-rocketing, and they didn't even make an attempt at litigation reform. And even for the extra people who will be covered, with the amount that the bill's going to cost it will almost undoubtedly end up being far cheaper if the government just sent those people a check every year for the rest of their life and told them to buy their own insurance from a private insurer. And that's before they end up adding all the inevitable pork that will go in via the amendments that will be necessary in order to get this thing passed. As low as my expectations always are for the Democrats to be unified when they control Congress, I really stand in awe of their ineptitude right now. It reminds me of watching the Bears this season. You can learn to take the losses. There's no shame in just flat-out getting beat. What is so hard to swallow is when you don't get beat; you beat yourselves. I am constantly reminded of the Lewis Black joke: "The Democratic party is a party of no ideas, and the Republican party is a party of bad ideas. So you got the Republican standing up saying 'I've got a really bad idea' and the Democrat stands up and says 'and I know how to make it even worse'." Or, to paraphrase Lyle Lanley, "Y'know, a Democrat in power is a little like a mule with a spinning wheel. No one knows how he got it and danged if he knows how to use it."
Thursday, December 03, 2009
Back to the Cold
A few people have asked me for my opinion on the "climate-gate" scandal. I think that this guy sums it up for me pretty well. If you don't feel like reading that article, the gist is that I think it's an embarrassment and I am a staunch believer that scientific dissent should never be bullied or silenced for political, theological, or ideological purposes. But I think the outrage has been severely misdirected. The ire should be reserved for the individuals involved in the e-mails. Instead it seems to be being used to suggest that the whole case for climate change has now somehow been undermined, and that's just not true. The fundamental evidence behind climate change being real and man-made remains as strong today as it did 2 weeks ago, and nothing I've seen in any of the e-mails changes that one bit. Yes, there are admissions of things that are unknown and unexplained, but that is hardly a smoking gun. Every year scientists find out new pieces of information on evolution and make corrections to prior assumptions, but each revision does nothing to call into question the initial theory put forth by Darwin 150 years ago. Creationists like to leap on every change and reside in the margins of what is still not known to "prove" that evolution is incorrect, but that is just a failure in understanding the scientific process. Something as complex as evolution or climate change is unlikely to ever be modeled to the point of 100% accuracy, but it is not necessary to achieve that level to draw the conclusion that they are correct. Still, again, that does not excuse a lot of the bullying and dismissive tone and tactics in the e-mail. Like it or not, one of the consequences of free speech is allowing others to put forth misinformation and things you don't agree with. History has proven that where science is concerned the facts always win out in the end, even if it takes a lot longer than some people are comfortable with.
Not much else going on right now. I updated my reviews with a few more movies I've seen. I was surprised how much I enjoyed Adventureland; I highly recommend it. The new Christmas Carol, while decent, really just made me want to go home and watch the Muppet version, which I dutifully did on Tuesday. I'm also finally getting around to reading again. Currently, I'm making my way through What the Dog Saw . . . and Other Adventures; the new book by Malcolm Gladwell (of The Tipping Point, Blink, and Outliers fame). This book is actually just a collection of articles he has written for The New Yorker over the years but it is just as compelling as his other books, even if it doesn't have a single common theme like his other books. At about 20 pages per story, they are long enough to be meaty and substantive but also short enough to be accessible for people who don't like making a commitment to reading 400+ pages.
Wednesday, November 11, 2009
Aghanistan - Time to Pack It In
Tuesday, November 10, 2009
"Fiscal Conservatism" = Leaving Trillions of Dollars of Debt to Your Children
The term "starve the beast" is attributed to one of Ronald Reagan's staffers in a Wall Street Journal article from 1985. It refers to cutting taxes on the wealthy in order to destroy the U.S. government, thus crippling it's ability to provide popular social programs such as Social Security and Medicare. This philosophy is not fiscally responsible, though it's been the guiding principle for all of the conservative Republican administrations throughout my lifetime.
I was born in 1979 when we had very little national debt. The WWII generation had been good stewards of our economy. They learned the lessons of the Great Depression - only spending what they could afford, while building a society that was competitive. Since then, Republican administrations have applied for and promptly charged our national credit cards to the limit, leaving us and our children in peril. They hoped that our nation would eventually go bankrupt and leave all but the most-fortunate among us saddled with a national debt we could never repay.
That's the story of the dreaded 1980's. Growing up during the Reagan and Bush I presidencies, I stood helpless as I watched our national debt balloon into a huge threat to the country we love, as well as a massive political issue. As soon as a Democratic administration took power, I remember the Republicans campaigning on deficit reduction - they said we must stop government spending now! Luckily, President Clinton had the courage to stand up to them. Mr. Clinton shut down the government because he knew that debt reduction would take some time - and that debt reduction must happen hand-in-hand with economic growth. Rather than destroy our economy, Mr. Clinton stood with the working families in our country, and we eventually got a balanced budget and began paying off our national debt.

During the Bush II years, I saw irresponsible tax cuts for the wealthy, unjustified wars, and the largest expansion of government in recent memory. As a result, our national debt exploded. All of the bullshit that the conservative Republicans spewed during the 1990's was a lie. It is now plain to see. As soon as they took control, they turned our serious debt problem into a grave catastrophe - and got us mired in two wars - and destroyed our economy.
...And now the tea-party crowd wants us to give them another shot. They want us to believe that conservatism is the true solution to our debt problem. Let us not forget history. This is a shameful political ploy. We must rebuild our economy first, and start to make the long-neglected necessary investments in our future. Only after that will we see real debt reduction.
I am a true champion of fiscal responsibility. As someone who was a powerless child when our nation's debt was amassed, I strongly resent past generations for leaving us in this position. Perhaps in the 1950s this was considered a "conservative" stance. But it is no longer. During my lifetime, the conservatives created the national debt as we know it - only a liberal president bothered to balance the budget. Let us not forget this. In the memorable words of The Who: "I get on my knees and pray that we don't get fooled again."
Friday, November 06, 2009
The Long-Awaited Conclusion
My rationale is based on my belief in Keynesian economics. Until Michael Jackson died, John Maynard Keynes was easily the most talked-about dead guy of the last year. Nevertheless, since there were a lot of people dropping his name in an effort to sound like they knew what they were talking about even if they didn't or if what they were advocating had nothing to do with the Keynesian model, I think a brief and extremely simplistic description is in order.
In a "normal" economy (we'll set aside what the exact definition of this is; just think of an economy humming along at about 2% real growth per year) you have high employment and everyone spends their money "normally". Your "normal" demand is defined as the sum of domestic consumer spending, business investment, and government expenditures. In other words, these are the "inputs" into the economy. Now you hit a recession (for the example, the reason is unimportant). One of the main hallmarks of a recession is higher unemployment. As unemployment rises, those left jobless have less disposable income and thus spend less, which causes aggregate consumer spending to fall. Even those who still hold jobs are now more uncertain (typically measured by consumer confidence) and thus begin to elect to save more of their earnings rather than invest. This further hits consumer demand. The fall in demand causes more companies to layoff more workers which further triggers a fall in consumer confidence and you get a vicious cycle of falling demand to unemployment to falling demand, etc. So the Keynesian argument is that when consumer demand falls the government must step in to plug the gap so that demand as a whole (consumer spending plus business investment plus government expenditures) can be normalized again.
It's important to realize that anything the government does in this situation is technically "government intervention"; even tax cuts. If taxes are at level A, and a Congressmen proposes changing them to level B in order to combat the recession, that's still government intervention! I hear the idea of lowering taxes presented as being synonymous with laissez-faire economics and that's simply not the case. True laissez-faire economics would say change absolutely nothing during a recession. Again, we are talking about specific steps to combat a recession, not changing the tax policies of the country in general (where a reduction in taxes and, presumably, government WOULD be a move towards a more laissez-faire style).
OK, so in my previous post I illustrated why I don't believe that personal tax cuts are effective in increasing consumer demand, so that leaves two options: increasing business investment or increasing government expenditures. Most often, you hear only about government expenditures while increased business investment gets short shrift. I think that's a mistake. First of all, anytime you tell Congress to "spend some money" you are just asking for trouble. Not all government expenditures are created equally. Some are just horrifically wasteful and serve no purpose other than to help the sponsoring Congressmen get re-elected. But even if they all are "good" expenses, you still have problems. Any temporary government expenditure has the inherent flaw that once the project is done so is its stimulative effect. Giving a million people a job for 2 months helps them for those 2 months but at the end they're back to being unemployed. A lot of times the government spending amounts to paying people as a temporary stop-gap and hoping (praying) that by the time the project is over the economy has magically recovered and everyone will now be able to find jobs again. Still, I think it's better than just straight tax cuts because here you are giving people that had no income (the unemployed) some income and thus you are more significantly increasing disposable income. Plus, you were going to be paying them unemployment anyway, so you might as well pay them for doing something (we'll leave the discussion of whether or not unemployment payments are a good idea for another day). Again though, you still have the fundamental problem that when these workers spends these wages so little of it is actually getting filtered back to the U.S. economy. If you are going to go this route, the best thing to do is spend it on infrastructure, because that's something that needs to be done anyway and the government will ultimately pay for regardless.
So with all that as a backdrop I think that the most effective way to combat a recession is to increase and encourage business investment. Encourage in the sense of offering more guaranteed loans for entrepreneurs, where the government and the private bank share in the interest for the successful loans and the government bears the brunt of the failed ones. And directly increasing investment by partnering with new or existing companies to establish new entities in cutting-edge industries. The key is that you want to create something that will be self-sufficient when the government involvement is over and thus any employees hired to start-up such an operation will still have the jobs when the government is no longer there. A good example for this would be partnering with someone like GE to build a plant to manufacture solar panels. Now you're providing temporary work to the construction industry, then when the plant is done you're providing permanent employment for the surrounding area, and you're starting to reduce the trade gap by bringing manufacturing back here and (hopefully) helping to keep more of the money spent in the U.S. cycling through the domestic economy. I would structure any such arrangement so that after a specified period of time (depending on the industry) the government will exit the business and retain only a minority, non-voting interest in it, to be divested as soon as it is possible to do so while recovering the initial investment (plus a reasonable amount of interest).
OK, so that's how I feel about the different elements of the Keynesian tools. Best is increasing business investment, worst is personal tax cuts, and straight government expenditures are in the middle. In reality though, I'm not advocating just one approach. I don't think that the government should do all business investment and nothing else. The fact of the matter is that traditional economic models are very sterile. They basically assume that we are all machines. But the truth is that we are emotional beings and economic models designed to address that (behavioral economics) are still in their infancy. The bottom line is that the economy not only has to get better; people have to feel like it's getting better. That's the only way to break the cycle of people feeling increasingly uncertain and spending progressively less. If you're a die-hard from the school of tax cuts and you see the government spending tons of cash, that's going to make you more uneasy about the economy and you're likely to continue to spend more conservatively. Similarly, if you're of the mindset that tax-cuts are worthless you're unlikely to go out and spend more when you receive one. Thus, a calculated balance of all 3 approaches seems to have the best chance of success. This, of course, is completely at odds with the bipolar nature of our government.
And just in case you're not yet utterly sick to death of this, one final note. Notice that you never hear too much about Keynesian economics during the times when the economy is expanding. The flip side to spending during a recession is higher taxes and interest rates during the good times in order to both combat inflation and to run surpluses so that when the inevitable bad times do hit you have money socked away to pay for the spending and reduced tax revenues during the recessions. But think hard about the last time you heard a politician proposing raising taxes during a boom. It seems that somewhere on the road to recovery, all these devout Keynesians jump off the bus.
Wednesday, October 28, 2009
Busting an Old Economic Myth
Wednesday, October 14, 2009
Suggestions?
I also have become more open to the idea of having additional guest contributors, so if any of you are interested in writing something for me to post, please let me know.
Wednesday, October 07, 2009
Busy Everywhere
Tuesday, September 29, 2009
Negotiating with the ACLD
So on Saturday at around 1:30 A.M., having endured my daughter’s relentless screaming for the past 6 hours I began, for the first time, to really come to grips with how powerless we are as parents right now. And this is pretty new to me. No matter how powerless I have been in the past I have at least felt like I had some negotiating power. Some wiggle room. Some possible way to lessen the pain. But not now. We are confronted with a force that is utterly decisive and completely uncompromising. And it was in this spirit that I began to liken my daughter to a labor union. Only instead of layoffs, we attempt to negotiate laydowns. Here now a transcript of what the negotiations would look like if both parties could speak.
Us: Thank you for meeting with us today Anabelle. As your parents we feel like there have been some miscommunications recently and we want to clear these up so that hopefully we can all live together more peacefully.
ACLD: No problem. I came here straight from my nap.
Us: OK. First of all, the screaming. What’s the deal with that? Are we upsetting you? Is there something we’re not doing right?
ACLD: No; you’re doing just fine. I just choose to scream. It’s my right.
Us: But when you scream is it because you’re unhappy? Do you need to be changed? Are you hungry? Are you too hot? Too cold? Do you want your back rubbed? Do you want us to stop rubbing your back?
ACLD: I’d rather not say. My advice to you is to assume that it’s all of the above and try each solution 4-5 times because I also reserve the right to change my mind about what’s bothering me at any given time.
Us: OK, well let’s move on. As you may be able to tell from our disheveled and slightly crazy appearance sleeping has been something of an issue. Especially for your mother.
ACLD: Oh, really? I’m sleeping fine.
Us: Yes, we know. But we’d like a little more consistency. We’re going to need a minimum of 5 laydowns per day, for a minimum duration of 2 hours each, with the longest one occurring between the hours of midnight and 5 AM.
ACLD: Hmm; how about this? I’ll give you 4 laydowns per day, at random times, and of indeterminate length.
Us: OK, but can you try to make the one in the middle of the night the longest one?
ACLD: Well, I can’t promise I’ll try. But I’ll try to try.
Us: Fair enough. So what guarantees do we have that you’ll stick to this agreement?
ACLD: None whatsoever. In fact, I’ve already changed most of the rules we’ve already agreed to. Don’t worry though, I’ll change them back again. Maybe. Now if you don’t mind, I’m getting hungry, or sleepy, or cold. In any case, I’m about to start screaming so I’d advise you to start trying to figure out what’s wrong with me.
Sunday, September 20, 2009
Back at Home
Friday, September 18, 2009
Parenthood: Day 2
By the time I got back to the hospital Christy had been moved to our recovery room and Anabelle had joined us again. That's pretty much where we've bee since, doing our best to please Miss Anabelle and keep her happy when she's awake and comfortable when she's asleep. We all tried to go to sleep at around 9:30 with varying degrees of success. At about 11:00 Anabelle started fussing so mommy fed her and she went back to sleep. Then at 12:30 the nursery came and took her away to get her Hepatitis immunization shot. At 4:30 she woke up again and after mom fed her it was dad's turn to get her to go back to sleep. Then at around 8:30 we all woke up for the day.
Since then it's been a bit of a circus here. Our pediatrician, Dr. Bernstein (who goes by Dr. Andy) came by and took a look at her at 9:30 and said that everything looks good and she is definitely on track to go home tomorrow. At about 9:30 she started to get cranky and we were joking that it was because she had just turned 1 day old and was depressed about how old she's getting. Between 10 and 11 we had visits from the food service people with our breakfast, the on-duty nurse to check on Christy and the baby, one housekeeper to attend to the trash and a different housekeeper to change the linens, and Christy's doctor. Finally, a lactation consultant came by to help Christy with breastfeeding and just left a few minutes ago. In between all that I also got to change my first of many, many diapers. Now we are just awaiting a circus of a different sort as various friends and family stop by to visit.
Tomorrow my mom is flying in from Texas so it will be nice to have an extra set of hands around the house to help out during the first week and I'm so glad she was able to make it up to visit her new granddaughter!
Think that's all for now. Here's a few more pictures from Anabelle's first day of life!
Thursday, September 17, 2009
Baby Time!

This is the monitor Christy is hooked up to. The upper left number is Anabelle's heart rate. It fluctuates between about 130 and 155. The upper right number measures the contractions. When it hits about 30, the contraction is starting (so you can see that she was in the middle of one when we took this). The highest number we've seen so far has been 118. Not sure how high they go.
Wednesday, September 16, 2009
Relatively Quick Hits
Today Max Baucus unveiled a summary of his health care bill. It's the most moderate of the current bills and carries with it an estimated price tag of $856 billion over the next ten years. It has no "public option" but would create insurance exchanges and bar insurers from dropping policyholders in the event of illness or from excluding people on the basis of pre-existing conditions. It specifically addresses that it will not provide coverage to illegal immigrants and no federal dollars will be used for abortions (though there are a couple caveats to this that will surely be more than enough ammo for the extremists to continue to rage). I'll reserve final judgment until the complete bill is released and analysed but my initial impression is that it addresses most of what Obama wanted and represents a step in the right direction. I'm firmly convinced that if a bill is to be passed this year that this will be the one. The more progressive bills from the House just don't have a chance in the Senate.
Tangentially related, former President Carter has made some comments indicating that he believes racism played a part in Rep Wilson's outburst-heard-round-the-world last week. While I don't necessarily disagree with him, I think it's counterproductive to talk about it right now. Playing the race card in any form just causes people to dig in their heels. It's not conducive to reconciliation. That comment, like the original outburst itself, just serves as a distraction which quickly dominates the debate. Suddenly we're talking about race relations in America. That's a worthy topic but not one that has any place in a health care debate, and it's going to take immense focus to get something done in the next couple months.
Finally, I've been following the debacle that has been the Afghanistan elections and I'm beginning to think along the same lines as George Will. It might be time to start packing it in. I understand that if we leave the Taliban will just set up shop again and it will once again become a training ground for terrorists. I'm starting to think that's the "better" of our options though. Mainly, I just don't think anyone has the stomach to do what really needs to be done: a probable decade-long commitment from an international force totalling half a million or more troops. After our surge, we'll have a total of 65,000 troops there. That may sound like a lot (and it is) but think about it this way: the football stadium in Champaign holds 70,000 people. Do you really think a football-stadium worth of troops can control a country the size of Texas? And these "elections" have proven to basically be the final straw with me. It's obvious that those in power have no desire to establish a flourishing democracy; they (like all bad leaders) just want to cling to power. So now we are spilling our blood and spending our money to support an illegitimate government while achieving little more than forcing the Taliban and the terrorists to move their camps across the border into Pakistan. I just don't know what we're actually accomplishing anymore.
Monday, September 14, 2009
Bears Hangover
So in the matter of about 4 hours Jay Cutler went from Bears savior to pariah. It will be interesting to see what kind of a reception he gets next week during his first home game. My prediction is that he'll get cheered but god help him if he doesn't get off to a good start or throws an early pick. As bad as his performance was (and it was pretty bad), I'd urge my fellow Bears fans not to overreact. It's still just one game. Not that I'm comparing the two, but Favre once threw 6 INTs in a playoff game, and also threw 5 in a regular season game. The point being that even the great QBs can look absolutely terrible on occasion. It's actually a good thing that the 4 INTs were a career high; it would be much worse if he'd already done that 3-4 times. Still, the wrap on Cutler was that he can't win a big game and folds in pressure situations and this certainly didn't do him any favors in that regard.
If you break down the 4 picks, one was an absolutely atrocious throw (the first one), one was actually a sensational defensive play (the 2nd one), and the other two (while still absolutely Cutler's fault) had as much to do with the receiver and the QB not being on the same page as the throw itself. For the 3rd pick, Cutler is scrambling and he sees Knox cutting across the middle but then almost simultaneously as Cutler releases the ball Knox abruptly cuts back. As a receiver, that's what you're supposed to do. When you see your QB out of the pocket, you run to that side of the field so that he doesn't have to throw across the field away from his momentum. But Knox worked mainly with the 2nd and 3rd team during preseason, so Cutler and him likely don't have a good rapport yet but that should change (and hopefully soon). Finally, on the last pick (although again an ill-advised throw) Knox really needs to help his QB out and doesn't. It's a quick out route towards the sidelines and Cutler throws it to where both his receiver and the corner are (which is why it was ill-advised; there was no separation). Both the receiver and defender turn and see the ball coming, but rather than come to the ball Knox inexplicably decides to move backwards and gives Al Harris an easy pick. If he makes a move towards the ball, 8 times out of ten they both fight for it and it drops incomplete.
As for positives from the game, the defense (apart from one Nathan Vasher slip) actually played spectacularly. Although you rarely say that about a game where the D gives up 21 points, considering the 4 turnovers (which doesn't even include the idiotic "fake" punt) it really was. Of course, as I sit here and write this it looks like Urlacher is now done for the season and 2 other defenders went down with injuries, so it could be that this is the best effort we'll get from the Bears D the whole year. If so, it's a shame to waste it.
In the end, this doesn't change my season win prediction. In reviewing the schedule, I already had this game marked down as an L when I came up with the 11-5 mark. That still doesn't stop me from being disappointed about yesterday (and force me to repeat my mantra: it's not THAT they lose, it's HOW they lose). I also have them losing this week at home to the Steelers, before winning 7 of their next 8. This is how I see the rest of the season:
Pitt L
@ Seattle W
Detroit W
@ Atlanta L
@ Cinncy W
Cleveland W
Arizona W
@ San Fran W
Philadelphia W
@ Minnesota L
St. Louis W
Green Bay W
@ Baltimore L
Minnesota W
@ Detroit W
That's 7-1 at home this year, and 4-4 on the road. I still think that's doable. Assuming, of course, that we are spared any more Rex Grossman impersonations from Mr. Cutler.

