The SEC wins.

http://online.wsj.com/article_email/SB10001424052970204422404576592773857297688-lMyQjAxMTAxMDIwNjEyNDYyWj.html

Fasten your seat belt. I am trying to get a totally clean version of this guy to drive the beer cart at next year's Alumni golf tournament.

Economic Growth is all that matters. Everything else is just a side show.

Click on this graph. What I have done here is create a graph of the future path of our GDP at two different rates of growth. One is at around 3% and the other around 2% and then let them compound for 50 years. Look at the difference. One economy is 50% bigger than the other. How many of all the entitlement promises we have made can we pay for in the future if our long-run rate of growth were to fall by 1%. Not pretty is it? Well this is what I fear most (other than the ghosts of my sordid past). Well, think of the top graph as the US economy between 1980 and 2008. Think of the bottom economy as France and the growth paths match up pretty well. Still think 1% doesn't mean much?

This message coming to Greenville tonight. Ron Paul is here at the Convention Center at 5 pm. Maybe they are on to something?

The demands of the Wall Street protesters. If this is what democracy looks like, what's a W-2 form look like?

Demand one: Restoration of the living wage. This demand can only be met by ending "Freetrade" by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.

Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.

Demand three: Guaranteed living wage income regardless of employment.

Demand four: Free college education.

Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.

Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.

Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America's nuclear power plants.

Demand eight: Racial and gender equal rights amendment.

Demand nine: Open borders migration. anyone can travel anywhere to work and live.

Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.

Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the "Books." World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the "Books." And I don't mean debt that is in default, I mean all debt on the entire planet period.

Demand twelve: Outlaw all credit reporting agencies.

Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.

These demands will create so many jobs it will be completely impossible to fill them without an open borders policy.


A List of their supporters:
AFL-CIO (AFSCME)
United NY
Strong Economy for All Coalition
Working Families Party
TWU Local 100
SEIU 1199
CWA 1109
RWDSU
Communications Workers of America
CWA Local 1180
United Auto Workers
United Federation of Teachers
Professional Staff Congress - CUNY
National Nurses United
Writers Guild East

And:

VOCAL-NY
Community Voices Heard
Alliance for Quality Education
New York Communities for Change
Coalition for the Homeless
Neighborhood Economic Development Advocacy Project (NEDAP)
The Job Party
NYC Coalition for Educational Justice
The Mirabal Sisters Cultural and Community Center
The New Deal for New York Campaign
National People's Action
ALIGN
Human Services Council
Labor-Religion Coalition of New York State
Citizen Action of NY
MoveOn.org
Common Cause NY
New Bottom Line
350.org
Tenants & Neighbors
Democracy for NYC
Resource Generation
Tenants PAC
Teachers Unite

Here are the PowerPoints from the Monetary Policy Symposium last Monday.

From the left: Jim Butkiewicz, Randy Parker, Jim Fackler, Bob Carpenter and Bob Hetzel. We had a turnout of about 80 good folks from the business and financial community of Greenville. Thanks so much for your support and I hope you had a pleasant experience. I am also going to post a webcast of this event as soon as I get it from the videographer.




www.funnyeconomist.com/Parker.pptx

www.funnyeconomist.com/Carpenter.pdf

www.funnyeconomist.com/JimButkiewicz.pptx

www.funnyeconomist.com/JimFackler.pptx

YOU wanted it and now here it is.

http://www.voxeu.org/sites/default/files/file/Dodd-Frank_One_Year_On.pdf

Here is an academic assessment of the Dodd-Frank bill one year hence. I have some reading to do looks like. Thanks once again to Dr. Rothman.

More Ron Paul. If this is what it is to be a Libertarian, then count me out.

Ron Paul in Greenville Friday October 7. Come on out and show your support!

This is just not right on sooooo many different levels.....