Archive for February 17th, 2010

In The Dock In Languedoc

Wednesday, February 17th, 2010

The French, not content with having a wine lake already and certainly uninterested in cutting prices to reduce the lake’s depth, are now selling fake grapes to gullible American wineries.

They sold the fakes to get a higher price for a pinot noir variety desired by Gallo, pocketing some 7 million euros in profit. For this, they got suspended sentences and fines, while the Languedoc region’s winemaking reputation has gone down a notch.

Nice work if you can get it!

Gorilla says: “May we rip you off? Mais oui!”

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WPA: Republican Style

Wednesday, February 17th, 2010

In Mississippi, the Republican governor is using federal stimulus money to pay private employers to hire people.

This rather novel approach is somehow different than having the government hire people directly, which most economists agree is the most cost-effective way to do something about unemployment.

Here’s how current Know Nothing Philosophy works:

1) When the private sector receives a government subsidy, that’s supporting the free market and “welfare to work”. The Republican governor hopes the government subsidy program will continue beyond its expiration date.

2) When the government hires workers directly to do the same jobs, the same Republican governor says that’s “a dog chasing its tail”.

Astonishingly, regardless of who hires them, the workers have jobs, they pay taxes, they pay mortgages, and they have a future.

No matter how the Republican governor slices it up, the federal government is providing the money that makes the hiring possible.

That’s what was done in the 1930s via a program called the Works Progress Administration.

Of course, Republicans then thought that government paying people to work was the first step down the road to socialism.

Now, socialism’s ok so long as nobody notices and the capitalists get paid.

Oh yes, the Republican governor who’s using stimulus money used to be Chairman of the same Republican party that voted against the stimulus package.

Happy they are not to lead, while taking credit for something they opposed.

Couldn’t such a thing of hypocritical beauty be tried on a bipartisan basis and on a much larger scale in Washington’s new “jobs” bill, rather than another round of pointless, wasteful tax credits?

Gorilla says: “Remember: The Know Nothing Party was against the WPA before they were for it!”

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Selling Short

Wednesday, February 17th, 2010

The year of the short sale is upon us!

And of course this will only depress the housing market further. The banks need to get these loans off their books, so they can continue hoarding against CRE defaults and other disasters.

And of course the Administration, not content with bailing out the banks, now proposes to provide further cash incentives for short sales.

Gorilla says: “The housing market was built by Toyota: first it couldn’t slow down, now it can’t stop!”

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Next Time: Quality

Wednesday, February 17th, 2010

An amazing sidelight of the last 10 years or so is the extent to which people who fail are asked to continue failing or to head up task forces on failure or insist on accountability by everyone other than the one who failed.

Toyota is taking this to new heights of absurdity with the announcement, in the midst of recalling millions of cars worldwide, that the company’s President will head up a Global Task Force On Quality.

Gorilla says: “Soon the Dalai Lama will be advising the Chinese on making communism better!”

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