November 5th, 2010

FALLICON

Routers and porn

Almost all of the discussions I am hearing about economics and politics seems to center on the various kinds of "lever-pulling" the government can do: tax policy, money supply, interest rates, etc.

While I don't doubt that this lever-pulling has a real impact on economic activiity, it doesn't seem to me to be what the creation of wealth is really about.  We add money to the economy and stocks go up.  Big deal.  It's just an anticipation of inflation -- not the actual creation of actual value.

Conversely, we might reform healthcare and education more aggressively.  Sure.  But it doesn't help to educate people for jobs that don't exist.  And physical wellness, whether we like it or not, is a function of wealth.  Drugs would cost money even if we nationalized pharma.   

If we look back through history, in fact, we will see that wealth has always been created be actual stuff: spices and silk, slaves and cotton, war production and automobiles, highways and consumer goods, routers and porn.

So I'm wondering what it is that the U.S. economy is actually going to produce to create wealth, jobs, tax revenue and human delight.  What will a 24-year-old community college graduate living in Dayton, Ohio be doing for a living four years from now?  Anyone have any ideas?

And can anyone tell me why this is not a more central topic of discussion generally?


Uncle Sam loves the GOP

Keith Olbermann doesn't vote?


"It's the only thing I can do that suggests even that I don't have a horse in the race."

"I know it's very idiosyncratic, but I would feel just a little hesitation, just a little drag on the airflow, if I went to criticize somebody, especially a president, for whom I had voted,"

-          Keith Olbermann

 

Olbermann, who acknowledged the contributions in a statement to POLITICO, made the maximum legal donations of $2,400 apiece to Conway and to Arizona Reps. Raul Grijalva and Gabrielle Giffords. He donated to the Arizona pair on Oct. 28 — the same day that Grijalva appeared as a guest on Olbermann’s “Countdown” show.
http://www.politico.com/news/stories/1110/44734.html

 
 As elite members of Talk_Politics we are not unbiased journalist so I ask my American counterparts; did you vote on 11-2?

Do you believe in the American Myth of the unbiased journalist? Should journalism be unbiased? Can it? Do you respect Olbermann more or less because he ‘strives’ to show how unbiased he is by forgoing his responsibility as a citizen to vote?

I think Olbermann buys into the myth and that disapoints me. To thine own self be true (The Bard- Spear Shaker) .  


***MAJOR EDIT***

Keith Olbermann has been suspended indefinitely without pay from MSNBC for making donations to three Democrats in violation of NBC's ethics policy.

"I became aware of Keith's political contributions late last night," Phil Griffin, President of MSNBC, said in a statement. "Mindful of NBC News policy and standards, I have suspended him indefinitely without pay."
http://www.cbsnews.com/8301-503544_162-20021940-503544.html

Clearly Phil Griffin read this today on my post. So which one of you is Phil? I want a job.

Urban scape

Open Thread: Masturbation is responsible for mass feline death

One of our students works in a local high school. She noticed a child wearing a t-shirt with a gnarly monster character noshing on noodles. It was the first time she had ever noticed the cultural icon known as a "Domo." This prompted her to look up the character on that culturally savvy internet resource known as Wikipedia. This led her to pass on the pointer to the viral photo about God killing kittens because of masturbation. Of course, the religiously retrograde probably regard such spoofs as blasphemy against their beloved idol. I was so impressed with the photo that I could not resist using it for a userpic.