Terry at least you admit you have no idea. Rich, this crap you come up with... might I add that you are no economist by degree or training and neither of you has run a business. You have no idea if inflation, deflation or a ham sandwich is coming our way. I do know that a free market and self responsibility is the best way out of this mess.
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9 comments:
First, you cannot legislate economic activity without harmful distortions, nor can you (or anyone) figure what is a fair wage including the minimum wage. What you can accomplish is legislating a wage that business is unwilling to pay, limiting the size of the job market. Terry, how about we just double the pay for outside service? Think that might have an unforeseen effect elsewhere in the club? Now, how about we go big with that idea.
Terry, if it does not bother you to have fellow citizens scream, "I will never have to worry about filling my tank or paying my mortgage again" then we are lost as a nation. The Porkulus bill institutionalizes that mind set.
This F-----g bill changes the foundation of our country, robbing one generation to pay another and accomplishes nothing. Specifically it will only create make work jobs which will have no lasting effect.
OK, now class, pay attention to a real world example. Last recession, tax breaks were given for trucks and accelerated appreciation for business equipment. Therefore, last recession, two of my partners bought trucks and we (now pay attention you dip shits) bought a nuclear camera and echo machine. We needed 5 extra employees to staff this stuff which created further economic activity and tax revenue. Terry, you really need to pay attention here, we were not the only ones who figured this out so lots of practices bought nuclear cameras and pay attention class, shazam!, pay for nuclear technicians went through the roof. (you know, Terry, economic valve, as opposed to "let's just pay everyone more (even for you that was s----d).
Now the big dip shit, the "O", wants to shift income and "spread the wealth around". OK, have it your way guys, but I ain't buying anything and because I am unclear what tax rates I will be facing I am cocooning. No expansion, no 5 new employees, tax free Muni's and refinancing my mortgage. Great job, we sure raised the minimum wage! Unfortunately because of your stupid economic meddling, there will be a lot more minimum wage jobs available.
Jim:
Wow! I've never run a business? Marriott and Hilton will have to ask why they paid me to be a general manager for all those years.
Developing real estate is running a business and I'm able to run mine free of litigation. Not bad for an idiot!
Government is all about legislating economic activity, whether from the right or the left. Feel free to use your nuclear camera as an example. Perhaps that is just now dawning on you...
I have to laugh each time you + Mark get nasty - you boys are really frustrated. Your policy proposals have been exposed as the excrement that they are. Thats gotta hurt.
> All I Wanted Was to Talk to My Family, and Get Some Dry Socks
>
> One month ago, I landed Flight 1549 safely in the Hudson River. In some ways, that was the easy part.
>
> Capt. Chesley B. Sullenberger III
> NEWSWEEK
>
> From the magazine issue dated Feb 23, 2009
>
> The night of the accident, after we'd safely accounted for all 155 people on the airplane, left the hospital, finally reached the hotel-the pilots' union and the NYPD whisking us away-I remember thinking that my needs were very simple. I'd lost all my belongings; I'd had the most harrowing three minutes of my life. All I really wanted was to talk to my family, and get some dry socks.
>
> It's been a month since the airplane I piloted, US Airways Flight 1549, made an emergency landing in the Hudson River.
>
> Since then, the attention given to me and my crew-I'm trying to resist, somewhat unsuccessfully, everyone's attempt to make this about fewer than five people-has obviously been immense. But I still don't think of myself as a celebrity. It's been a difficult adjustment, initially because of the "hero" mantle that was pushed in my direction. I felt for a long time that that wasn't an appropriate word. As my wife, Lorrie, pointed out on "60 Minutes," a hero is someone who decides to run into a burning building. This was different-this was a situation that was thrust upon us. I didn't choose to do what I did. That was why initially I decided that if someone offered me the gift of their thankfulness, I should accept it gratefully-but then not take it on as my own.
>
> As time went by, though, I was better able to put everything in perspective and realize how this event had touched people's lives, how ready they were for good news, how much they wanted to feel hopeful again. Partly it's because this occurred as the U.S. presidency was changing hands. We've had a worldwide economic downturn, and people were confused, fearful and just so ready for good news. They wanted to feel reassured, I think, that all the things we value, all our ideals, still exist-that they're still there, even if they're not always evident.
>
> When I was very young, my father impressed upon me that a commander is responsible for the welfare of everyone in his care. Any commander who got someone hurt because of lack of foresight or poor judgment had committed an unforgivable sin. My father was a dentist in the Navy, serving in Hawaii and San Diego from 1941 to 1945. He never saw combat, but he knew many who did. In the military, you get drilled into you the idea that you are responsible for every aspect of everyone's welfare.
>
> During every minute of the flight, I was confident I could solve the next problem. My first officer, Jeff Skiles, and I did what airline pilots do: we followed our training, and our philosophy of life. We valued every life on that airplane and knew it was our responsibility to try to save each one, in spite of the sudden and complete failure of our aircraft. We never gave up. Having a plan enabled us to keep our hope alive. Perhaps in a similar fashion, people who are in their own personal crises-a pink slip, a foreclosure-can be reminded that no matter how dire the circumstance, or how little time you have to deal with it, further action is always possible. There's always a way out of even the tightest spot. You can survive.
>
> Even though we had a successful outcome, it's human nature to wonder about the what-ifs. The second-guessing was much more frequent, and intense, in the first few days at night, when I couldn't sleep. It was hard to shut my brain off and get back to sleep. Sometimes I didn't, I couldn't. It was part of the posttraumatic stress that we have all felt, that each of the crew members has reported to each other.
>
> It's funny-for the first two weeks after the accident, Jeff kept telling me, "I just want my old life back." But the other day he finally said for the first time, "You know, this is OK. I'm learning to like this. This is good." I think he's coming to terms with what's happened. He realizes that he's entitled to the attention. That he can still be true to himself. That accepting it isn't selling out.
>
> Besides the outpouring of support from the passengers, the most touching sentiments I have received have been from other pilots. They tell me that because of the years of economic difficulties faced by the airline industry and its employees and the decreased respect for the profession, they have not felt proud to go to work-some of them for decades. Now, they tell me, they do. And they thank me for that. They thank us, the crew, because we've reminded people what all of us do every day, what's really at stake. They feel like they've regained some of the respect they'd lost.
>
> What's next? I will return to flying for my airline-when I'm ready. I'm not sure when that will be. Probably a few months. I still haven't had many nights at home. My family and I are trying hard to remain true to ourselves and not let this change us, but there's a steep learning curve. The trajectory of our lives has changed forever. And we're determined to make good come out of this in every way that we can.
>
> Capt. Sullenberger and his crew saved all 155 lives aboard US Airways Flight 1549.
>
My bad about the hotel manager thing. Must have misplaced my copy of "this is Rich's life". And...One could quibble over wether running a hotel is the same as owing/running a business but I will not. What I will state with complete confidence is that you did not run that hotel by advocating raising the minimum wage or asking for government intervention or promoting (or welcoming) a "room tax" or if you did, your career was short lived.
While we are at it, how about we talk about unfunded mandates. Talked to a doctor yesterday and encouraged him to open a practice. He is in Internal Medicine and they are in desperate need in my area.
Stated he: "no way, you can't make any money with 50% overhead and now the "O" is mandating EMR. We have to pay for the equipment and continue to pay for upgrades".
Now I think EMR is a great idea, but again, you cannot force economic decisions without unforeseen consequences.
Your comments regarding "running a business" reflect a simple lack of understanding on the topic. Perhaps, you should have stuck to arguments attacking my concepts and ideas rather than me.
I opened and operated three hotels in Michigan while you were in medical school. I operated a hotel in Arizona as I segued into real estate sales. I saved my money, bought raw land and developed it into homes from soup to nuts. I hired the architects, engineers, contractors and interacted with the city regarding entitlement, planning and development. I went to various banks to finance these projects using my own money as capital - I did not borrow any money from family or friends in my entrepreneurial efforts. I am surviving a meltdown that is taking down many in my business.
I do not take a back seat to a physician that has opened and run a successful cardiology practice with two partners, although I understand it is very well run. I will defer to you in matters of medicine, parenthood, the Phoenix Suns and nothing else. It just so happens I know a great deal about economics - I am well read and it is a topic that interests me. While some folks find the topic complicated, I do not. That is not to say I am an economist by trade or training - I don't think we have one of those in this blog.
I know these are frustrating days for you, but you really need to aim your offensives at ideas and concepts, not your co-bloggers.
Now....don't get all wobbly on me.
I am clearly attacking your economic ideas and rebuffed as I admit I am on your business experience, I do not understand how one can come to the economic conclusions that you and Terry offer.
Many on my side find the Porkulus bill offensive and destructive and are exasperated by your sides casual discussion on minimum wage, CEO pay and the like. I will also add that not once did either of you offer an explanation of the purpose of the Bill except to correct the previous administrations mistakes or pay off the "O",s supporters. Bankrupting our country ain't beanbag and should not be done so cavalierly.
Might I add that implying my beliefs are comparable with intolerance (read "right winger") is no ball of wax either.
But, and I must admit this is somewhat insincere, because I am not sure how in the mix of this vigorous battle you could take something so personally, I will amend my title to state that you are Economic idiots (geez touchy, touchy).
And while I am admitting error.
Your right, debt $10 trillion, Porkulus $ 1 Trillion does not increase out debt by 30%. But, my statement about increasing the debt by 30% was correct when you include TARP II and that is before Medicare further bankrupts us and before Porkulus inhibits economic growth giving us Japan redux (full employment, bad jobs, no growth.)
I have never been called an idiot before by a nicer guy. I understand from Dr. Bob your med school was subsidized by the federal goverment, but I guess your position is that's okay because it's me. Raising outside service pay would provide better service, attract new members who heard of the outstanding service, which in turn would produce more income by members using the club more. As I said in my post which you skimmed over quickly I am sure, the thing about economic theory is they sound good but they rely largely on everything else staying the same, which of course it doesn't.I may be an idiot, but I don't see you talking about privitizing social security anymore, were you wrong on that?
Wow, I feel so much more alive after reading that exchange!
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