Cartoon of the Day
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Thursday, January 19, 2012
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Majors of the Top 1%? Economics is No. 2
- IJ Wages New Fight for Economic Justice in MN
- Thursday Morning Links
- It's Time to Pull the Taxpayer Plug for Electric Cars
- Auto Plants Are At Capacity and Adding Third Shift...
- Natural Gas Updates; Here Comes Super-Fracking
- Obama Rejects 20k Jobs, aka Keystone Pipeline
- Markets in Everything: Boyfriend Rental in China
- L.A. Port Sets Record in 2011 for Export Containers
- Markets in Everything: Wedding Proposal Planners
25 Comments:
Meanwhile, from the "I wouldn't believe it if I didn't read it for myself" file, democrats are proposing a Reasonable Profits Board for oil companies.
So, where is the:
1. Reasonable contracts for NBA players board?
2. or the Oprah has made enough money board?
3. or the David Letterman should work for free board?
4. or the Let's confiscate George Soros's income board?
What about all the green jobs created?
Obama's Green Jobs
Thanks for the link bob wright...
Kucinich, what a barking moonbat!
"Kucinich, what a barking moonbat!"
Kucinich is the second best politician in the US, after the Honorable Dr. Dr. Ron Paul. Vangel told me so...and I believe him. So be careful what you say, unless you want the wrath of the Paultards upon you :p
Bigger question, Bob: What are reasonable profits?
"So be careful what you say, unless you want the wrath of the Paultards upon you"...
ROFLMAO!
Thanks aig, it never hurts have a good chuckle in the morning...
BTW speaking of the now defunked Keystone pipeline, Robert Samuelson of the WaPo has a pretty goods commentary over at IBD: Re-Election Obsessed Obama Goes Political On Keystone
What that cartoon is missing is the giant spigot in the background pouring money out of the ecomarxist reservoir.
warren wrote a good take on this for forbes:
http://www.forbes.com/sites/warrenmeyer/2012/01/19/keystone-xl-voting-for-the-stone-age/
I wonder if Obama ever in his life had an actual wrench, hammer, or screwdriver in his hand.
China will get every drop of all that "dirty" oil. Much of the oil we would have gotten from Keystone will continue to be imported on giant tankers like the Exxon Valdez. Well played, environmentalist nut jobs.
It is interesting that the private property rights of landowners--many ranchers--will be tossed overboard and brutally violated by this pipeline, when it is built (it will get built). Keystone is seizing land by eminent domain for private profit.
bob - Sounds like news from Venezuela.
a reasonable profits board?
high time.
profits for the S+P 500 were 8.9% of revenue while profits at XOM were only 8%.
someone needs to get those up to a reasonable rate...
:-P
It is funny how liberals/progressives seem to oppose only the things the federal government is actually supposed to do and only support the things it was never meant to do.
We can't have infrastructure improvements (like the interstate pipeline), but we can have federal laws dramatically favoring labor unions over workers and management.
It is interesting that the intellectual capacity of benny -- like most liberals -- has been obliterated by bad genetics, bad education, and lots of very very badly made drugs. Benny is wasted skull space for zero profit.
morganovich: "a reasonable profits board?
high time.
profits for the S+P 500 were 8.9% of revenue while profits at XOM were only 8%.
someone needs to get those up to a reasonable rate..."
*like*
Good one.
Benji,
"Keystone is seizing land by eminent domain for private profit."
This is just backdoor damage control for your boyfriend.
Go google a map of the myriad existing pipelines that currently criss-cross the United States and also come down from Canada.
Plus, an easement to put an underground pipeline through your empty property is hardly the end of the world. I wish I had land out there that was subject to this!
Why not let a private company add this 1k miles of pipeline to the 44k miles of pipeline already in the country?
"warren wrote a good take on this for forbes"...
Ahhh yes morganovich and so did Joel Kotkin at Forbes...
Kotkin thinks that Obama is pandering to NIMBYS in the leisure crowd...
Nothing like a little class warfare to make life interesting...
June 29, 2011
Report: Iraq, Afghanistan Wars Cost US Nearly $4 Trillion
David Byrd | Washington, D.C.
"A new report issued by Brown University says the cost of America’s wars in Iraq and Afghanistan - and operations in Pakistan - will cost the country nearly $4 trillion. The report's total is more than three times higher than U.S. President Barack Obama’s estimate in a recent speech."
Actually, the Brown report is probably conservative. When the USA hires an uniformed employee, the liabilities can stretch 50 years or even more into the future. Uniformed employees of the Defense Department can retire after 20 years on full pensions and medical. Obviously a guy in his late 30s has another 50 years of life left---all of it at taxpayer expense.
VA outlays have tripled in recent years to $140 billion annually. Likely in next 10 years we will spend $2 trillion on VA alone. Just on the VA!!!
You know, a trillion here, and a trillion there, and pretty soon you are talking about real money.
Obama made a weak decision on this pipeline. But if he can just extract us from Afghanie, he will be finally getting this nation back on course. Actually, he should have immediately pulled out of that bunghole nation.
Kucinich is the second best politician in the US, after the Honorable Dr. Dr. Ron Paul. Vangel told me so...and I believe him. So be careful what you say, unless you want the wrath of the Paultards upon you
When it comes to the issue of peace and military spending Kucinich is one of the better members of Congress. When it comes to economic matters he is one of the worst.
"When it comes to the issue of peace and military spending Kucinich is one of the better members of Congress. When it comes to economic matters he is one of the worst."
Joseph Stalin was totally rad on America's foreign imperialist wars of aggressive murder and killing and stuff.
You kids still say "rad" these days, right? Paultard...
>>> A new report issued by Brown University ..."
a) Brown. Yeah, I'm really indisposed to listen to some twaddle those neoKeynesian IDIOTS are bloviating about.
b) Benny, is there ANY topic you won't mention Iraq and Afghanistan in? If Dr. Perry puts up pictures of (hypothetical) daughters and noting how they just (hypothetically) graduated from grade school, will you then post up how they would have graduated a year earlier if it had not been for Iraq and Afghanistan?
Get a clue, this makes you into a freaking laughing stock.
You could have the same comic with businesses that are sitting on the sidelines.
Our current president is at fault, and so are businesses that aid and abet him through their non-creation of jobs.
"Our current president is at fault, and so are businesses that aid and abet him through their non-creation of jobs"...
Businesses are NOT in the business of creating jobs and neither is the President though he's done a great job of destroying jobs...
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