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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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Roald W. Reagan, Beloved Blue State President
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Roald W. Reagan, Beloved Blue State President
"F. George McDuffee" wrote in message ... distro pruned to RCM On Fri, 27 Jun 2008 16:14:43 -0700 (PDT), wrote: Reagan defunded renewable energy in the eighties. He's partly to blame for our current situation. ============= Even for a government program this was a scam and super boondoggle. Tons of money going in and *NO* results, with concurrent huge tax breaks for the oil companies for R&D, again with no results. One example is the purchase of ZiLOG, an Intel microchip competitor by Exxon with some of its "excess profits", who then preceded to run it into the ground. The excuse was that ZiLOG could help improve motor efficiency and thus save energy. Just because something is called "energy sufficiency R&D" does not mean its not a scam. A quick check of the claimed R&D by the car and energy companies indicates we should be driving cars that get 100MPG and fusion power so cheap you don't pay for the power, but for the distribution wires. Riiiiiiiiiiiight!!!!!!!!!! There were never any hard milestones, benchmarks, or program reviews, just calls for more money.... And that points out two popular myths. One is that there is no difference between the parties. As we saw when comparing the difference in the government when Clinton was president to when Bush was president, the difference in parties is huge. The second myth is that government can't do anything right. While this is more or less true when republicans are running it the truth is government does work. The only catch is that the people working in the government have to be competent. In the last eight years we just saw a government where the people had two problems, they were not competent, and they had a philosophy that prevented them from using the government to do anything to aid the average American. Put the two together and you get a useless government. I think I just accidentally described the Bush administration. Hawke |
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Roald W. Reagan, Beloved Blue State President
On Sat, 28 Jun 2008 14:04:46 -0700, "Hawke"
wrote: snip The only catch is that the people working in the government have to be competent. In the last eight years we just saw a government where the people had two problems, they were not competent, and they had a philosophy that prevented them from using the government to do anything to aid the average American. Put the two together and you get a useless government. I think I just accidentally described the Bush administration. Hawke =========== What you are seeing is the government run like a business. The problem is that no one thought to ask what kind of a business, and the model used was somewhere between Gulf+Western [buy, ruin, sell], Enron [never give a sucker an even break], and Crazy Eddie [bust-out scam]. The problem is that the US government is the top of the food chain, and there is no place to externalize their costs to, nor any way to abrogate their obligations through chapter 11. To see the end result of running a business like a business [in this sense] look at GMC, Ford and Chrysler. Their stock prices are the lowest in 30 years using CY dollars. When inflation is considered, their stock prices are at levels not seen since the depths of the depression. One major difference is that the depression era leadership took decesive action, and the businesses survived. It is highly likely that after the US presidential election, GMC will enter chapter 11, shortly followed by Ford and Chrysler. Be reminded that in many ways GMC and Ford are *NOT* car companies but financial conglomerates [e.g. Diatech Funding, ResCap] that also happen to manufacture cars. Chrysler is much more of a dedicated car company, but is leveraged to the hilt, and any steep increase in the interest rates will likely spell their doom. As inflation starts to bite, interest rates will increase, and the last time there was this much excessive liquidity the FRB discount rate was set at 16.39% [annual] in 1981. FWIW -- the amount of liquidity is even higher now that it was then. http://www.federalreserve.gov/releas...l/H15_FF_O.txt Unka' George [George McDuffee] ------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end? Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625). |
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