O’Bama Arming Industry (November 22, 2010)

Posted in Guns, Market Solutions, O'Bama, Society on November 22, 2010 by e-commentary.org

. . .

G         “I made a killing.”

A         “You’ve got to love it.  A totally private sector stimulus with no government funding at all.”

G         “None.  Totally self-executing.  The frenzy built up until the 2008 election and then exploded like wildfire, like gang busters.  One guy wanted a gun, any gun and bought a .243.  But I didn’t have any more .243 rounds, so he bought a few boxes of .308s.  It didn’t matter.  It was crazy.”

A         “I assume that he could use a ball peen hammer to pound the round into the receiver.”

G         “I don’t know what he planned to do.  By the Inauguration, there was almost nothing in the store.  And then the crazy thing, last summer, guys came back with the guns and asked to sell them back.  A lot of them were in financial trouble.  One guy’s wife was still giving him a ration of grief as they walked in the store.  It was painful.  If they were unfired and still in the original box, I bought them back at half price.  I can’t resell them as factory brand new.”

A         “I followed the price rise and availability of ammo throughout that time.  .22s rounds in the 525 box went from $14.99 in Nov. of 2007 to $19.99 in Nov. of 2009 to $18.99 today.  I lost my notes for the most pivotal time in Nov. of 2008.”

G         “I can find the price.”

A         “As you saw, in early 2009, boxes of every caliber were plucked off the palates in the aisle.  They never made the shelves.  Yet there was not a great run-up in prices.  Since Nov. of 2007, large caliber ammunition has gone up 24 to 29 percent.”

G         “The big box stores keep us honest, and we keep them honest.  There are just enough small owners like the two of us still hanging on.  The real money is in the gear like the sling, case, scope, scope rings, bore sight, the whole shooting match they walk out with.  My wife always worried in the past that there is no pay check or pension or health insurance or anything for us.  We are on our own.  We manage to keep the doors open.  I still come in early if someone needs to pick something up on the way to the office.  I’ve stayed late if someone is leaving on a trip in the morning and has to have something.  Whatever it takes.”

A         “The plight of the self-unemployed.  Today, the stores are stocked with ammo, the shelves are stacked.  Even .380s and .10s are readily available.  And you’re offering rebates?”

G         “Factory rebates.  On a few select rounds, mainly shotgun shells.”

A         “There is $5.00 in-store sale across town.  $16.99 a box.  At the big box store of course.”

G         “I’ll match it.  I’ve got to match it.”

A         “And $24.99 a box at another big box store.  I’ll pay a $2.00 premium to protect the market.”

G         “I can throw in a hat, but, get this, it is not from the same manufacturer.”

A         “Anything to keep you from throwing in the hat.  I should stock up today.  Based on the increasing cost of the components, I expect the price of ammunition to explode in the near future.  Ammunition soon will cost a fortune.”

G         “I really owe my fortune to O’Bama.”

A         “With all the O’Bama signs in here, you could’ve fooled me.”

. . .

Bumper sticker of the week:

What happens when you take an arrow out of the quiver, nock it with care, draw back purposefully, release while slowly exhaling and then look up to see that you have hit the bull’s eye?

America Recycles Day, November 15 (November 15, 2010)

Posted in Energy, Environment, Gas/Fossil Fuel, Global Climate Change, Global Warming, Society on November 15, 2010 by e-commentary.org

. . .

C         “The day is not yet as famous as Groundhog Day.”

E         “And it is not a national or a state holiday.  America Recycles Day.  Celebrated in many communities.  For over a dozen years now, they say.”

C         “November 15 is nationally recognized but is not nationally known.  The day may become the equivalent of Earth Day observed in the Fall when the bounty has been harvested.  One day to encourage us to reduce, reuse and recycle.  America Reduces, Reuses and Recycles Day is a bit much.”

E         “And there were no America Recycles Day sales inserts in the paper to recycle.  One day to inform and involve and not spend.”

C         “Once again, however, we may be chanting to the choir.”

E         “The day and effort should be targeted to kids.  They can carry the message home and convey it to the adults.  Yet it is the kids who were told at home to deposit their gum wrappers in the trash who don’t toss their butts out the window.  Reaching those who toss their butts out the window is the challenge.”

C         “What types of vehicles are those butts flying out of?  I suspect that they are the two-gallons-per-mile rigs.  Gasoline is a resource, a resource is finite, gasoline is finite.  We need to get real.  And really reduce not just reuse and recycle.”

E          “Yet, I understand those who don’t worry about global warming because they are worrying about paying their heating bill.”

C          “The warm inner glow you feel when doing right does not warm the house.”

. . .

www.americarecyclesday.org

www.lamprecycle.org

www.lnt.org/programs/peak:  The PEAK (Promoting Environmental Awareness in Kids) program

Bumper stickers of the week:

Reduce, Reuse and Recycle

Don’t light up and turn out the lights

Take the Lead:  Install LED lights and turn them off

Be enlightened:  Lights out or there will be lights out

Build it tight, ventilate it right

Insulation is your friend

The cheapest energy is the energy you don’t use

Get your food from and close to the farm and field; don’t consume gas to feed your consumption

Take only pictures; Leave only footprints

Rational Fear: Still “Unusually Uncertain” (November 8, 2010)

Posted in "L" Shaped Economy, Bailout/Bribe, Banks and Banking System, Bernanke, Depression, Federal Reserve, Greenspan, Kleptocracy, Technology, Unemployment, Volker with tags on November 8, 2010 by e-commentary.org

. . .

K         “Think about it.  Some maintain the blind conviction that the business cycle is ordained by nature like the tides to rise after it falls.”

J          “Faith in nature.  This season is bad so that the next season will be good because that is the way it is.  Good luck.”

K         “Some desire to return to unrestrained personal consumption and unbridled economic growth.  Even if it is attainable at this time it is not sustainable over time.”

J          “Faith in unchecked consumption.  With oil peaking and a world population that has not peaked, the prospects are not promising.  America had its opportunity to consume.  Other countries, particularly China and India, now want and have earned their opportunity to consume.  If the oil holds out.  And if the coal does not kill us.”

K         “Some believe that new technology will be pulled out of the hat and pull us out of this mess.”

J          “Faith in technological salvation.  The technology sector likely will continue to grow but not enough to propel the entire economy.  The tech world is producing some sexy developments and neat gadgets.”

K         “I’ve always supported free trade when it is truly free.  Decades ago, I could see that globalization would shift massive numbers of American jobs overseas.  They said the solution is to train and retool the America workforce.  The workforce is not retrained and retooled and may not be retrainable and retoolable.  Not many commentators in academic economics or in the financial press have a clue.”

J          “It is one thing to listen to Greenspan and know that everything he says is wrong, yet who is getting it right.  Knowing which way not to go in a maze is not the same as knowing which way to go.  Volker has a clue, yet he is on the sidelines.”

K         “Bernanke* has a clue.  Now that monetary policy has effectively failed, he is enacting what is effectively fiscal policy.  Fiscal policy is the province of the legislature, the Congress.  But Congress is broken.  The Humphrey-Hawkins Full Employment Act, an act of Congress, requires the Fed to promote full employment.  Perhaps he is actually trying to stimulate employment.”

J          “But there are no jobs, now or in the future.  Quantitative Easing II is nothing more and nothing less than TARP II implemented by the Fed rather than Congress.  The Fed’s purchase of bonds is nothing more and nothing less than a slick way to provide another bribe and bailout to Wall Street.”

K          “That is hard to dispute unless there are a few random hires here and there.  And he continues a tradition at the Fed of lying or at least deceiving the public.  He can do something.  He and the Fed regularly issue ‘Remarks’ and ‘Speeches’ on all manner of topics.  He should direct the Fed to issue a finding that a single bank with deposits and assets of more than 100 billion is a clear and present danger to the American economy and to the security and well-being of the Republic.  If a bank or other financial institution does not enter into an Enforcement Action with the Fed, close the resources of the Federal Reserve to the bank or financial institution.  In effect, require banks to downsize to manageable sizes.  They must be small enough to fail and to play well with others.”

J          “Won’t happen.  Our democracy is now a kleptocracy.”

K         “That won’t help employment, however.  But he could pull it off.  He can be bold.  He would have to play all his capital.  But for us citizens, however, the only things we have to fear are so many very real fears.”

. . .

Bumper stickers of the week:

The only things we have to fear are so many very real fears.

Don’t end the Fed, mend the Fed.

“And as things fell apart/Nobody paid much attention.”  “(Nothing But) Flowers” – Talking Heads

“This country’s hard on people, you can’t stop what’s coming.”  No Country for Old Men movie (2007)

In The Land Of Fury And The Home Of The Fearful (November 1, 2010)

Posted in Elections, Politics, Race, Society, Tea Party on November 1, 2010 by e-commentary.org

. . .

J          “So much unfocused rage and undigested anger is raging across the countryside.”

K         “And Anger Mongering (AM) radio and Fox tv are the primary mouthpieces for the furor.  Follow the money.  A staggering amount of money is being amassed marketing hate and fear to the masses, one of the last growth industries in America.  Those inciting the masses are doing so for their own very narrow self-interest.  The cunning and the cynical are playing some voters for chumps and stooges.  Stun and cripple a person with fear and take his vote and his money.  Yet there is a perception that something is wrong grounded in the fact that something is wrong.  The frustration is magnified because it cannot be articulated.”

J          “And an articulate, informed and serene Black President who displays upper class sensibilities and syntax reminds Americans of the two underlying schisms and fissures in America – race and class.  Race is not an acknowledged issue, but race is an issue in most of the political races this year.”

K         “Confidence even devoid of arrogance and pretense threatens the insecure.  Look at the numbers.  Forty-five percent of the electorate responds to fear.  Market and exploit fear and appeal to another five percent and then get just one more vote.  Political victory.  That arithmetic really explains politics in America.  The real kicker is that the problems are far worse than all but the most informed realize and are far less likely to be resolved by current thinking.”

J          “It is all about jobs.  Ironic that some in France are rioting because they are to be given the opportunity to work an additional two years, albeit delaying their retirement, and Americans may riot to be given the opportunity to work.  When there are job openings, Americans are there hustling to get them.”

K         “True, yet Americans have not experienced any real hardship in recent decades and simply do not have the emotional software to deal with adversity with any perspective or dignity.”

J          “When the present and the future are so bleak, the past is strained through a filter to make it look far more idyllic than it ever was.”

K         “It is so much easier to hate and fear without reflection.”

. . .

Bumper stickers (signs) of the week:

45% + 5% + 1 = Victory

“The trouble with the world is the stupid are cocksure, and the intelligent are full of doubt.”                      Bertrand Russell

At the Stewart/Colbert Rally on October 30 on the National Mall:

I don’t want my country back, I want my country forward.

Those who work for the government should want the government to work.

God hates hate.

God fears fear.

God fears hate.

God hates fear.

Use your indoor voice

Although I don’t agree with you, I don’t think you’re Hitler

The Marginal Utility of (House) Utilities: Only 1600 Square Feet! (October 25, 2010)

Posted in Case-Shiller/S&P Index, Housing, Less Government Regulation Series, Market Solutions on October 25, 2010 by e-commentary.org

. . .

K         “In the near future, rather than marketing the total square feet, we will market a structure based on the average cost of utilities per square foot per year.  A person will pay more for a structure to get less because it has well-insulated but fewer square feet and lower fuel bills than another comparable structure.  ‘Natural gas bill:  only $14,700 per year!  And only 1600 square feet!’”

J          “A few individuals have noted that the market for houses won’t stabilize until the average price is more in line with the long run price measured by the S&P/Case-Shiller Home Price Indices or another index of housing prices.  We are not there yet.”

K         “The average size of a new structure must be more in line with the average size in the past so that a family can afford the facility.  The government should not dictate the maximum size for a house; the market should determine the optimal size of the appropriate structure.  Single family homes may not even be the model home for the future.  Townhouses and more open space are more efficient and desirable to house the town.”

J          “The four horsemen of the housing apocalypse ride together – a bigger house means a bigger mortgage, a bigger tax bill, a bigger insurance bill and of course a bigger HVAC (Heating, Ventilation, and Air Conditioning) bill to maintain the monster.  A smaller house means a smaller mortgage, a smaller tax bill, etc.”

K         “And fewer furnishings are needed to furnish it.  The government makes it too cheap to get into the beast.  Then the real costs devour the owner.”

J          “The Republicans and the Democrats and their corporate owners just won’t let the government get out of the housing business.”

. . .

Bumper sticker of the week:

Natural gas bill:  only $14,700 per year!  And only 1600 square feet!

America’s Fraud Factories (October 18, 2010)

Posted in Education, Journalism, Law, Military, Press/Media, Schooling, Society on October 18, 2010 by e-commentary.org

. . .

K         “We in America closed the traditional factories but openly operate a network of profitable Fraud Factories.”

J          “Look at the flow of raw material.  The kids who get As in college go to med school, those who get Bs go to law school and those who get Cs go to biz school.  And look who makes the big bucks.”

K         “Those pursuing a journalism degree pursue truth and those pursuing a Master of Fine Arts pursue beauty.  At least in theory.  And Yeats proffered the exchange rate.”

J          “Those in the Corps embody an esprit de corps, the Semper Fi and Siempre Fi spirit.  And former Marines are among the most disciplined and honest journalists.  Think Jim Lehrer.”

K         “And Gordon Peterson.  Interning at Parris Island rather than grunting at The Paris Review provides a different worldview.”

J          “Right.  Fighter pilots reflect that same dedication, discipline and devotion to duty.  First responders, as they now call them, and most doctors share a sense of professionalism and commitment.  Those with the forest service and the fish and game service are genuinely concerned about the future well-being of the evergreens and the blue gills and the white tails.”

K         “And then there are the Fraud Factories, American business and law schools, teaching students the subtle art of fraud and deception.  The kids are taught to advance their own self-interest over anything else at almost any cost.  They are taught the nuances of gaming a business and legal system that is designed to be gamed.  Neither government regulation nor market forces restrain or direct their activities.”

J          “Biz schools are the most profitable divisions of the American corporate university system.  Biz schools are more profitable than law schools that are in turn more profitable than med schools.”

K         “And the colleges of arts and crafts may no longer be tolerated as loss leaders, albeit very expensive divisions of the corporate university system.  The motto of the American Association of Fraud Factories says it all:  ‘No Duty, No Honor, No Country.’”

J          “Some cutting edge biomedical engineers are debating how to teach robots to behave ethically.  The Fraud Factories take kids who exhibit one common trait – a ready willingness to obey and please their superiors – and engineer them to be robots.”

K         “Remember after Watergate when there was a national hand wringing about the nadir of the legal profession that occurred at the same time the journalism profession was at its zenith.  Law schools instituted professional responsibility classes.  Some astute students realized that a B+ grade reflected the right attitude to employers.  That is enough to get by and keep moving through the system but not too much enthusiasm for the topic.”

J          “The problem today is with the students admitted to the schools, the indoctrination process and the indentured servitude status that consigns the graduates to represent wealthy interests to pay off their crushing debts.”

K         “Think about it.  If Schicklgruber applied to law or business school today, the profitable schools would aggressively bid to attract him.  He is the ideal applicant – brilliant, charismatic and destined to succeed.  Everything is about success and power, and power and success, and success and power.  Yeats could have proffered the exchange rate.”

J          “If Concentration Camps of America, Inc. ever needs to staff concentration camps to warehouse and dispose of the unwanted, hire American-trained lawyers and biz school grads.  They won’t ask questions.”

K         “But don’t dare miss payroll.”

. . .

Bumper stickers of the week:

I’m not my brother’s keeper, just his banker.  I’m not even his banker, I’m my own banker.

Follow the money

I was just following orders

I was just following the money

I was just following the money orders

Duty, Honor, Country

Honor, Courage, Commitment

Smile while you’re makin’ it, Laugh while you’re takin’ it, Even though you’re fakin’ it, Nobody’s gonna know.      O Lucky Man!

Girding For The Going Grid (October 11, 2010)

Posted in Energy, Gas/Fossil Fuel, Society on October 11, 2010 by e-commentary.org

. . .

1     “We were warned about the coming storm.  The storm wasn’t any worse than other storms.  Without any warning, the power went out.  The lights went off.  The tv went blank.  The heat went cool.  The cool went warm.  For everyone.  At the same time.  We needed to find a flashlight and then find and hook up an old analog telephone to call about available refrigerator space.  The stop lights did not work.  Some of the electric pumps failed at a gas station.  We happened to have enough fuel in the tank to transport our fuel.  Our food ended up spread out in three refrigerators and freezers in another state.”

2     “Remember that the root word of ‘electric gird’ is ‘fragile and precarious.’  I keep a number of flashlights and candles stashed throughout the house and two analog phones plugged into the wall on different floors.  And that assumes that the phone system even works.  I keep a store of blankets, food, water and a portable radio that typically disappear quickly from the stores before a storm, yet that is desperately little preparation.”

1     “We had no radio in a house, yet we had a dozen remotes to worthless boxes.  At least we resisted recycling the one analog phone that is now stored in the kitchen pantry.  Near the radio.  And that assumes that the phone system even works.  We commented to each other on the drive that the power failure was very democratic, even indifferent.  One Republican Senator’s house was as dark as ours.  He could authorize and appropriate funds to build another TVA but did not have the power to deliver power to his house.  There are no circuits to route the limited power in the system to the homes of the powerful.”

2     “Power outages impact the powerful and the powerless equally.”

1     “At the time, the event was a spooky and sobering evening before a long and uncertain wait.  In hindsight, it was a benign if not an amusing diversion, but that may not be true the next time.”

. . .

(Bioneers Conference, October 15 – 17)

Bumper stickers of the week:

From the Internet to the Inter-mittent-net

Be Less Unprepared

Not “if, or when,” but “when, and when”

The Beginning Of The World As We Don’t Know It

One Gun Per White Adult Male? A Flintlock Musket? The “One Man, One Gun” Decision (October 4, 2010)

Posted in Constitution, First Monday In October, Guns, Law, Society, Supreme Court on October 4, 2010 by e-commentary.org

.          The Supreme Court ruled today that states can limit the ownership and possession of guns to one and only one gun for each White adult male.  In a closely followed case challenging the state statute limiting gun purchases to one gun per month, a majority of the Supreme Court, adopting a ‘strict constructionist’ and ‘originalist’ analysis, held that each White adult male in 1787 possessed one and only one gun – a flintlock musket.  That fact and circumstance underpinned the Founding Fathers understanding of and the language in the Second Amendment.  That historical fact is the benchmark for the strict constructionists/originalists.  The case is being heralded as the “one man, one gun” decision.

.          Supreme Court commentators note that the majority – Roberts, Scalia, Alito, Thomas and Kennedy – issued one of the few completely honest opinions of their judicial careers.  For reasons that are not elucidated, the majority departed from their tendentious jurisprudence and displayed rare doctrinal integrity consistent with their “strict constructionist/originalist” analysis.  The “strict constructionist/originalist” analysis looks at the state of affairs when the Constitution was adopted in 1787.

.          The dissenting opinion of the minority – Breyer, Ginsburg, Sotomayor and Kagan – notes the generally accepted conclusion of all reasonable men and women that there are fundamental disagreements about the state of affairs in 1787 that undermine the basic assumption of the “strict constructionist/originalist” worldview.  The dissenters note that rational regulation is allowed and contend that the Second Amendment read in concert with other Amendments and protections allows more than just Whites, and more than just adults, and more than just males to own and possess more than just one gun.

.          Some commentators note that this interpretation of the Second Amendment allows and may now require states to regulate gun ownership and possession diligently to protect the right to keep and bear arms.  The regulation is necessary so that a White adult male is able to own and possess one but no more than the one flintlock musket as mandated by the Second Amendment.

.          One commentator observed that those in the West typically possessed a pistol on their hip and a rifle in their scabbard.  Pictures were offered in support.  However, although there was land to the west, there was no West in 1787.  And there was no rifled barrel.  Thus, consistent with the analysis of the majority, a White adult male in the West also is limited to one flintlock musket.  The commentator notes that the decision will be construed by some liberal activist judges in the Ninth Circuit (an area that includes some of the West and all of the West Coast states) who maintain a more dynamic and pragmatic view of Constitutional interpretation.  Those who believe in a “living Constitution” recognize that society and technology change and develop over time.  These judges likely would allow residents of the West and West Coast to own and possess two guns, one pistol and one rifle.  Commentators agree that such a decision by the Niners surely would be overturned by the Supremes.

.          In an interview, a local sportsman, Norm Smith, Jr., who is included among the named plaintiffs challenging the state statute, commented to reporters:  “I’ve thought a lot about this, but the lawyers wouldn’t listen to me.  I was saying to Norma the other day, she’s my wife, that they should not look at things in 1787, the year the Constitution was adopted, or in 1791, the year the Second Amendment was adopted.  The Amendments, now she agreed with me on this, at least the first Ten Amendments are not really our Bill of Rights because the Amendments are only limitations on the government not an enumeration of individual rights.  The individual rights are already out there.  At the founding of our Great Republic, a flintlock musket was of course a manual not an automatic weapon.  With the flintlock musket, a man could trigger one shot but then had to reload; there was a short break before the next shot which gave him time to reflect even if he was frantically reloading.  The weapons did not represent the threat to the populace that weapons represent today.  What if Congress finds that there was and is a human right to be free of excessive violence in society grounded in one’s fundamental liberty interests that existed in 1787?  What if a 28th Amendment is adopted to repeal the Second Amendment and ban all private ownership of weapons?  No one can assert a claim pursuant to the 18th Amendment today because of the passage of the 22nd Amendment.  The 28th Amendment would become the test of constitutionality.  That outcome would not be good.”

.          Mr. Smith continued:  “Now I am a responsible sportsman who stores my guns in a locked safe and uses them carefully in the field.  Under the worst case scenario before the decision in my case was issued, I feared that the law could be construed to require me to choose between Jack O’Connor’s favorite caliber, the .270, and my dad’s choice, the .300 H & H Magnum, he’s Norm, Sr.  And Elmer Keith’s celebrated .44 Magnum is now illegal except maybe on the West Coast of all places, so they say.  I just didn’t realize that the Second Amendment limits me to one and only one flintlock musket.  Who would have known?  However, when you think about it, they are right.  The average White guy around 1791 only had one flintlock musket.  That’s the way it was; that’s the way it is.  That’s the law.”

Bumper stickers of the week:

Be careful what you aim at because you just might hit it

Gun control means missing your target

An armed society is a polite society . . . and a dangerous one at times

Joe Miller, Alaska and America: Now What? (September 27, 2010)

Posted in Congress, Earmarks, Political Parties on September 27, 2010 by e-commentary.org

. . .

C     “What if the Blue States accept Alaska’s recent offer, albeit tendered by a minority of mobilized voters, and cease providing massive subsidies, transfers, earmarks and grants to Alaska?”

S     “De-commission the Denali Commission, a federally-funded agency developing Alaska infrastructure?  Do away with SBA (Small Business Administration) Section 8(a) that provides preferences for Natives and veterans in federal contracting?  Provision the Native Hospitals exclusively with ANCSA (Alaska Native Claims Settlement Act) Section 7(i) profits?  Ban federally-funded home care nurses from entering tax-assisted Alaska homes spewing Fox propaganda on state-subsidized televisions?  Support the Alaska Financial Independence Bill:  “No federal funds shall be authorized, appropriated or expended for the use or benefit of the state of Alaska until all of the funds in the Alaska Permanent Fund have been exhausted for such purposes”?”

C     “On the national level, divert funds from the Department of Education to the Department of Ignorance?  Move from Social Security to Social Insecurity?”

S     “Do Alaskans want outside interests such as the Koch brothers of California to determine elections the way the Seattle fishing syndicate dominated Alaska life before statehood?  What about the growing influence of the Alaskan Taliban – the radical reactionary religious right?  Joe Miller is a certified nut case, but do those in Alaska like him because he is like them?”

C     “Is he the plaid Sarah Plain/Palin?  Can Lisa Murkowski mount a successful write-in campaign?  And who is Scott McAdams?”

S     “The far, far right versus the far right?”

C     “The election is less about electing persons than it is about defining the Alaskan people.”

S     “These elections are less about electing persons than they are about defining the American people.”

. . .

http://voices.washingtonpost.com/ezra-klein/2010/04/the_red_state_ripoff.html

Bumper stickers of the week:

Alaska Politics:  Louisiana with fjords, New Jersey without the charm, Uganda with receding glaciers

Alaska Politics:  Chinatown North

Alaska:  Building Bridges to Nowhere

My wheel dog is smarter than your lead dog.

What occurs in Alaska [the Pacific Northwet?] after two days of rain?  A sunny Monday.

On a Prius:

After two days rain

What occurs in Alaska?

A sunny Monday

The Depression is Over!? (September 20, 2010)

Posted in "L" Shaped Economy, Depression, Economics, Recession on September 20, 2010 by e-commentary.org

. . .

E     “The Depression is over.  So they say.  In fact, it was only a recession and has been over since June 2009.  So says the National Bureau of Economic Research, the NBER.”

U     “How does that work?  Can I get a job, go back to work and collect a paycheck retroactive to June, 2009?  That is my benchmark.”

E     “Call them.  The NBER is generally respected as institutions go.  They pegged it as just a recession that was over in June 2009.”

U     “Praise the Lord and pass the paycheck.”

E     “A well-informed citizen should understand the NBER economic model; I don’t.  There may not be enough time even late on Saturday night to analyze the economic model.  However, I follow every fundamental economic factor.  The economic fundamentals are worse than they were two years ago.  The NBER conclusion seems wrong.”

U     “I don’t understand the economic model, but I know the conclusion is wrong.”

. . .

Bumper stickers of the week:

Recessions are so overrated.

2 + 2 = 5