In case you did not know…
In case you did not know…
More and more it becomes apparent to me as the hours go by, that we have elected a large herd of Pigs to office..They are clueless and can’t even decide who will speak for the collective herd, much less come up with coherent ideas..I have never seen anything like it before and hope IF we get through this fiasco,that I ever will again…Its become a gigantic turf war… I hope everyone remembers this when they come up for re-election…not that the voters could improve anything, but a lot of these dinosaurs need to be put out to pasture…
Right now all I can do is shake my head in disbelief.
What would the bailout plan cost you?
Bernanke warned that a recession might come if the bailout plan did not pass. And as much as I like the idea of the government bailout of Wall Street — I hate government interference in the free markets, and bailouts can encourage more bad behaviour. It is hard to get a good understanding of the cost of this Wall Street bailout plan. But I ran some numbers that I thought were interesting.
Considering we could be looking at a recession, and the economy normally grows 3% a year, this does not look so bad. A $700 billion dollar bailout would be equivalent to a one-year recession with a negative 2% growth rate. These calculations are a rough estimate of the impact of such a plan and gives one food for thought as to which is worse. So which would you prefer, a recession or a bailout?
Kevin Kersten is an Stock and Options Analyst with InvestorsObserver.com. Disclosure note: Mr. Kersten owns and/or controls a diversified portfolio of long and short positions that may include holdings in companies he writes about
For some reason we tend to overlook the fact that in today’s world the office of President has become a figurehead one. If you look at all the facts, the Congress and the Senate run the country in the end. (That is when they are not eating at Ruth Chris Steakhouse or taking overseas fact finding trips or on vacation with their girlfriend, etc.) Honestly you can say either party’s candidate is right for the job..Right now all I hear and see is petty bickering and rumor mongering between both men…When if ever will one of the two actually lay their cards on the table? (Probably not in this election.) If they want to throw mud then take some lessons from the great Earl Long. I was listening to an unpublished speech Uncle Earl made just before his death on the court house square in Marksville a few days ago…I and several other people are the only ones who know of it’s existence..That man was a poet when it came to mud slinging! His speech pattern would mesmerise people..No one has come close to him in modern day times…If he fixed on you as his target you could stick your head between your leg’s and kiss your tail good by…..(but I digress)
Perhaps the debates coming up will show something. Who is the quickest on there feet, etc….Pretty much its like a gladiator fight in the coliseum. It will not prove anything other than , I’m a little bit quicker and sharper than you. But..that is not a deciding factor…Who has the country’s best interest at heart and who can cut through all the bull shit in Washington to see the ground underneath the big pile? I hope we make the best choice and not be blinded by personality’s and yes, beauty (that seems to be one of the latest qualifications) ..Remember in the end it all comes down to who we elect to represent us in Washington. Our Senators and Congress men and women. The president can say he is going to do this and that, but will he be supported by the good ole boys? Remember they may be too busy trying to add pork to another financial bailout, etc.
And now because of the current failure of our Representatives and Congressmen in Washington to reach a agreement on the bail-out bill.., the debate Friday may not happen at all…Sooo
..like I heard someone say: If it continues on the same course it is now, the winner will probably ask for a recount.
…You can be sure I will Vote..For who? I don’t know yet and like a lot of us probably will not know until I stand in the voting booth with my hand on the symbolic trigger….
Thats my rant for today.
Officials say pumps were not to blame for Gustav flooding, they were overwhelmed.
Think about that statement for a moment.
To be overwhelmed is to have insufficient defense.
We need further drainage study….
Along those lines came an interesting email from Bird who said this:
I think they read all local blogs and look for story ideas. I have an idea the reason Good Earth and Fairview flooded is because Bocage property was raised to be out of the flood zone and that used to be where the other two subdivisions had natural drainage of run off water. There is a new Louisiana Housing Finance Agency supported subdivision on Willow Glen near Aguillard Street. Their rules mandate property must be out of the flood zone. I am looking through the letters of modification to see if property was altered there to raise property up, thereby sending runoff back onto adjacent property owners.
Our planner and representative to the Star Commission and RAPC should not only be concerned about whether new developments can provide proper drainage for themselves, but how they impact neighbors and developments adjacent to them, especially if those developments are already in the City. I personlly don’t believe anyone looks at the impact of new developments on the drainage systems and how we continue to take natural drainage greenspace and concrete it over and put buildings on it, therefore preventing the natural outflow and retention of water our of the City.
The Mayor wants to talk about Chaitlan and how we can only do so much. Well it’s time a multi-governmental agreement was signed by all bodies who are supported by this drainage Canal and everyone chip in funds, no matter how much and get it cleaned out. Yes, that may mean Alexandria picks up a larger portion of the tab, but we’re the ones more greatly impacted in terms of property damage when it backs up into the City.
The Mayor also needs to puts more pressure on the Federal Government to fund Morganza to the Gulf and find out who is leading the coalition now and JOIN. This takes care of draining a lot of central Louisiana and a lot of lower Louisiana as well as providing hurricane protection for South Louisiana.
These are things NO ONE here is talking about any longer.
I think Bird makes a very valid statement. Drainage study……..I said it right after the storm..
Lets not let the poor little pumps be overwhelmed again..
I encourage comments.. firstname.lastname@example.org
But I do reserve the right to publish them..
Interesting re ad from a Texas Blogger.
Your call, I just find it one of the more interesting bits that have been tossed into the wind lately.
Yesterday I was invited to share my experiences with the Moore-Sams field in the 1980′s in New Roads La. with the Mybossier Blog. As you might know some of the Blogers across the state communicate with each other and monitor each others blogs. I was glad to share this story with
It tells what might happen to the folks who suddenly begin to get Gas and Oil lease money and royalties. NEVER ASSUME ANYTHING.
Thanks to Jim for the invite…
At this point I am disgusted with He said, he said or she said or they said. No issue’s are really being discussed, no real plans are being talked about. It’s getting worse than a Louisiana mud slinging contest…..
When all is said and done it just becomes a popularity contest, sort of like Miss America..
I am not taking side’s in this mess and I haven’t made up my mind…
There are a lot of issues we need to know their positions on… but with all the smoke and mirrors, well… IT AIN’T GONNA HAPPEN.
Sad isn’t it?
This is a bit off what I usually complain about, but I have to vent. In the local paper today.
(Tuesday Sept. 9) I am reading with interest the very good coverage they are giving to the storm damage done at the local schools, when I see this full page advertisement on quack medicine, ( only way I can describe it.) I am so sick of these loose weight in two days and never suffer from joint pain again, that I am about to puke. They should be banned,..(but its quick money for the paper and that’s the name of the game.) Other than in most cases doing nothing at all, they also put some peoples life at risk. They are a bunch of hooey! If you want to loose weight, consult a doctor. If you have joint pain talk to a specialist on that subject. Don’t make some cretin in a back room rich by your stupidity. And no, I don’t care what you imagine helped you, It more than likely was just that! Your imagination…
There… I have that out of my system. (and by the way I AM NOT in the medical field) I just have a small amount of God given intelligence.
I think the most important lesson we learned is that we need to work on flood control drainage…..Raising the pumps to a bit higher level and analyzing water flow in drainage. What say you?
(I did beat the TT to the punch on the drainage issue study. They came out with an editorial briefly mentioning the same thing three day’s after I posted this. Hummm.)
There is not much else we can do as far as energy supply goes. That is just something that basically is a throw of the dice.
Still areas without power, but that will be solved as the crews get to it.