Left-Wing, Right-Wing, and all In-Between. A place for good conversation about hockey and politics, please feel free to jump in and comment.
Friday, June 24, 2011
Defiance Yielding No Results
John Boehner spoke about reducing debt by cutting spending and pleaded for tax cuts. Now, when given a chance to approve a tax cut that could help create jobs, Boehner wags his finger "No". I often wonder if that is the only word some on the far right know, "No". I don't recall Boehner ever mentioning any desire to pass bills to create jobs, just asking where they were. Over and over and over again. So in that respect, you can't say he hasn't kept up his word. He never promised to create jobs, just inquire as to their wherabouts. However, to see a republican refuse tax cuts is something on a parallel with Haley' Comet. Every hundred years or so.
Boehner doesn't want to support a bill that will give tax cuts to businesses for creating jobs because he only sees it as a short term solution. With the unemployment rate being what it is and the economy making no strides currently, any solution, short or long term, should be considered progress. But that isn't what Boehner and the GOP want to see. They don't want progress. They don't want jobs created. They don't the economy to recover. They want it to fail and pin it all on Obama.
Since taking over control of the House, there have been no jobs bills passed. There has been a bill delaying regulation on food and gas prices, but nothing to create jobs. Why would we expect Boehner and his constituents to create jobs? They already have them, funded by the tax payers with nice expense accounts and transportation and 5 star accommodations covered on our dime. I have yet to see any member of the GOP decry such spending as wasteful. That's because they don't really care about government spending as a whole( see Bush Adminsistration 2001-2009 for proof), they care about government spending when it doesn't benefit them and their backers. It's okay for John Q. Public to pay these folks salaries and benefits, but let's see to it they get nothing in return.
And that is where we stand: more elected officials talking a big game, getting a big tax payer subsidized salary and doing nothing in return. Now, if you consider blocking bills that could help stimulate the economy and job growth through obstructionism and child-like defiance a return, then you are getting your money's worth.
Tuesday, May 10, 2011
The Weight
PA governor Tom Corbett has vowed not to raise state taxes, to reduce spending, eliminate a deficit, turn water into wine, lower corporate taxes, layoff employees, and yet somehow increase the commonwealth's tax revenues. Changing water into wine might actually be the most doable of the group after the layoffs.
Many level-headed people have noted that reducing the number of individuals employed while also reducing corporate taxes is probably NOT going to lead to an increase in tax revenue. Just doing a simple bit of associative math, it seems more than probable such a policy would fail. Less People paying Taxes + Plus less Tax Revenue from Corporations= More Tax Revenue? I don't need to be an accountant to tell you that kind of math simply doesn't add up.
So now, for at least the second time in less than 7 days, another Western PA municipality is announcing their plan to raise property taxes in order to offset the cut in state aid to their school districts. So while Corporate Corbett may be right that he personally did not raise state taxes, these local hikes are a not too distant product of his slash and burn education budget.
The same schools that were good enough for his own two children to attend are now left to be the bad guy while he bathes in gas drilling money at the gubernatorial mansion.
Friday, May 6, 2011
AP IMPACT: CEO pay exceeds pre-recession level
Stories like this can just make you sick with rage. Remember things like this when we hear talk about how 'raising taxes on the rich will only hurt the economy.' After all the misguided harm these bastards have done, they are making more, and not paying one red cent more in taxes, while the rest of the Country SUFFERS for their mistakes.
By RACHEL BECK, AP Business Writer Rachel Beck, Ap Business Writer – Fri May 6, 8:36 am ET
NEW YORK – In the boardroom, it's as if the Great Recession never happened.
CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.
The typical pay package for the head of a company in the Standard & Poor's 500 was $9 million in 2010, according to an analysis by The Associated Press using data provided by Equilar, an executive compensation research firm. That was 24 percent higher than a year earlier, reversing two years of declines.
Executives were showered with more pay of all types — salaries, bonuses, stock, options and perks. The biggest gains came in cash bonuses: Two-thirds of executives got a bigger one than they had in 2009, some more than three times as big.
CEOs were rewarded because corporate profits soared in 2010 as the economy gradually got stronger and companies continued to cut costs. Profit for the companies in the AP analysis rose 41 percent last year.
More Details and Breakdown are available here: http://news.yahoo.com/s/ap/us_ceo_pay
Our Country faces record deficits and huge questions about its future ability to provide a comfortable, middle class life style to its working peoples. When are some of these Tea Party folk going to get around to realizing that Government is not the only problem in town, and that these pigs on Wall Street are just as liable for the unenviable situation the vox populi find themselves in?
How has the outrage that has been centered on Barrack Obama's plan to contain healthcare costs and provide better coverage options to all Americans overshadowed the overwhelming question of what are we going to do about the out of control excesses of the Corporate Classes? Where are people in the streets protesting such a blatant economic injustice?
Monday, April 11, 2011
Monday Morning Notebook (04.11.V5-1)
*Cory Clouston was fired as head coach of the Ottawa Senators, but GM/past and future coach Bryan Murray was extended 3 years by the team, which is a bit of a surprise. I think the Sens are a club screaming for new blood and a fresh approach. Murray should have been canned as well.
*The African Union, an organization that Muammar Gaddafi has worked well with in the past, is trying to broker a cease fire in the Libyan Civil War. Rebel command in Benghazi counters that nothing short of Gaddafi stepping down will bring an end to this conflict.
*Jacques Lemaire will go back into retirement and will not come back to coach the New Jersey Devils next season. Lemaire almost rallied the Devils to a miraculous playoff apperance after a putrid start to the season, but fell short. No tears will be shed here for the loss to Swamp Hockey.
*Peter DeBoer was also let go by the Florida Panthers, who have been without any clear direction for years. They need something big to change the direction of that franchise in South Florida.
*Congrats to the Minnesota-Duluth Bulldogs on winning their 1st NCAA hockey national title, beating the Michigan Wolverines in overtime for the championship game.
Second Place Is the First Loser
Today, we learn that PA's new governor has a solution to this 2nd overall ranking and that solution is to hire C. Alan Walker to oversee expedition of permits to Marcellus Shale drillers. Mr. Walker, a coal mogul and hefty donor to Gov. Corbett's campaign, certainly has an interesting record with the environment. According to State Records, Court Documents, and Mr . Walker's own admissions, his companies have been responsible for polluting at least 15 water ways since the late 1970's. In regards to his new position, Mr. Walker holds that he will not attempt to override regulations or personally issue permits to potential drillers but his record obviously sings a different tune.
When asked for comment on Mr. Walker's environmental record, both Gov. Corbett and Mr. Walker had none. Color me shocked. After all, Gov. Corbett has never hidden the fact that he could care less about the environment, so why should anybody be surprised by this latest move? There is no plan in place to impose an excise tax on Marcellus Shale driller and the proposed job creation side of the spectrum is not as black and white as some may think.
In reality, natural gas drilling will certainly create jobs in PA. But will these jobs go to PA residents or will they simply go to outside contractors who will bring their own workers in temporarily, drill until there's nothing left, and leave the tax payers holding the bag on cleanup? It's happened before: http://www.post-gazette.com/pg/11065/1130058-503.stm. Range Resources makes it appear they are going to swoop in and save PA's economy with jobs but the reality is that hey are just bringing up workers from Texas, so how is that creating jobs for PA Residents?
Only 3 months into his tenure as Governor of PA, Tom Corbett's approval rating is falling. If he continues to give big salary jobs to his rich donors while cutting spending on education and eliminating other blue collar positions, it is going to hit a point where it can't get much lower.
Friday, April 8, 2011
Preparing for a Government Shutdown
Monday, April 4, 2011
Monday Morning Notebook (04.05.V4-3)
*After watching the Philadelphia Flyers-New York Rangers game yesterday, I can't help but feel that the Flyers are really on their heels backing into the playoffs. Something doesn’t quite seem to be clicking right with that team right now, and I wouldn’t be surprised if they had a tough time getting out of the first round, especially against a team with a tough goalie like the Rangers or the Buffalo Sabres. I feel the Washington Capitals will win the #1 overall seed and be the team to beat in the East. They have been on fire since adding a few pieces at the trade deadline, and have the most complete healthy team in the Conference right now.
*The Budget Showdown will be dragging on in Congress for another week of D.C. melodrama. Will this be the week that Senate Democrats, President Obama, and whatever caucus Speaker of the House John Boehner can muster will come to an agreement on the temporary budget for the remainder of the fiscal year through September, so that they can get onto bickering about a long term budget solution for the future years? A Government Shutdown, such as occurred in 1995, is looming if a temporary solution cannot be reached. Of course most of the 'essential' functions of the Federal Government would still be funded, but it would be a black eye in the face of a spawning economic recovery. Something that is important to note: this fight is not the Big One. The argument (and an ongoing simultaneous debate that will also focus on the Country’s Debt limit) that occurs this week will not do one single iota to fix our Nation’s long term fiscal crisis. The real strong leadership that the American people crave will be those who dare to crack open the “untouchable” issues of Social Security and Medicare. The current debate over non-defense discretionary funding will do nothing to alleviate the big picture issues surrounding those programs, and can only hurt us in the short term economic forecasts, because cuts in spending will mean cuts in jobs. It is that simple folks. The British are learning this to their peril as their economic recovery sputters out in the face of large cut backs in spending in the name of fiscal austerity. There is some simple math out there that shows that cutting government spending reduces the employment situation for workers on the ground. Eric DuVall of the Tonawanda News breaks this down very precisely and succinctly in his editorial piece yesterday:
“This might be the dumbest thing I’ve ever heard. The Republican Party’s official position on job creation is this: If the government lays off workers on a mass scale, it will help employment.
How is this possible? Someone in the House GOP caucus has missed their calling as a fantasy novel writer, for starters.” Read the rest here
*It became official over the weekend, the New Jersey Devils will be missing the NHL’s postseason for the 1st time since 1996. Count me as one who will certainly not weep for the absence of the Devils in this year’s playoffs. They are the organization that is more responsible, in my eyes, than any other for bogging down the game with their neutral zone shutdown “swamp hockey” that became the trendy defensive style of play from the Mid 1990’s to the early 2000s. They may have won 3 Stanley Cups in 9 years with this accursed style of play, but have only won 2 playoff games beyond the 1st round since they hoisted the Holy Grail against the Anaheim (then Mighty) Ducks in 03. So this has been a team and a style of hockey in decline for the better part of a decade now. Hopefully 2011 will be remembered as the year swamp hockey was finally laid to rest.
*Former President Bill Clinton has suggested in public that the world should furnish arms and supplies to the Rebel Forces in Libya. Privately I guarantee he knows that something of that sort is already going on. This entire intervention in Libya has a very Clintonesque feel to it, and with his wife represented in the Administration as Secretary of State, it seems very likely to me that she is pulling some of the old levers that Bill left behind in the International Community. To think that the two are not cooperating and interconnecting their influence and powers to get Gadaffi out of Libya would be foolish indeed.
Wednesday, March 16, 2011
Quick Hits on Budget Battles; Clinton in Eygpt
* Secretary of State Hillary Clinton made a compelling speech yesterday in Eygpt, then announced today she wouldn't seek a 2nd term as Secretary, nor would she run for President in 2012. Her speech is worth going to CSPAN and listening to, it is a perfect blend of pragmatism in approach, while holding up the best of American ideals and values for the rest of the world to live up to and for people seeking freedom anywhere tyrants rule to strive for. Poweful stuff from someone whose role in this administrations foreign policy efforts has been massively under reported.
Sunday, March 13, 2011
Monday Morning Notebook (03.14.V2-4)
*Right now, no news is bad news for the Pittsburgh Penguins in regards to Sidney Crosby's health. With him still suffering symptoms this long from a concussion that occurred in early January, I now have significant doubts we will see him play again this year. You can't rush back a franchise guy for this year’s playoffs; it’s too risky long term for his health. Without Crosby, or fellow superstar Evgeni Malkin, the Pens should be an easy first round out for the Bruins, Capitals, or Lightning.
***BIG UPDATE***
Crosby did skate today for the first time since early January, a sign that off ice work has been going well for at least a week. If he continues to progress with no setback of symptoms you can expect him to practice with no contact in about another week.
*Fridays "Day of Rage" in Saudi Arabia passed by without so much as a whimper. "There were so many police in the streets you could not even think of protesting," said one anonymous dissident. Security forces got way out in front of this one in the Oil Kingdom, but the question remains, how deep is the bottled up rage in the world's leading oil producer?
*The New Jersey Devils won yet two more overtime games over the Thrashers and Islanders over the weekend, proving my law of averages predetermined downfall theory for them off once again. They have climbed back to .500 for the year and are within definite striking distance of the 8 seed in the East with 14 games left. I still predict they fall short of getting in, but only because the also hot Maple Leafs do...
*The massive triple disaster earthquake/tsunami/nuclear meltdown in Japan pulled all attention away from the crisis in the Arab world. Absolute total destruction from nature has all humanity feeling for the Japanese, but the stock market was up on Friday with hopes of $$$ from reconstruction efforts. Ladies and Gentleman: Market Capitalism at its finest.
*The 4-12 spots in the Western Conference are so tightly packed that there is no way of telling how it will shake out. The only thing we can do is wait, watch, and enjoy the race.
*It looks like the showdown over funding the Federal Budget for the rest of this fiscal year will continue to drag on in a week to week mode. Both long term plans failed to even come close to garnering the needed 60 votes in the Senate, so another 3 week short term plan has been floated to keep the government running. Who knows what it will take to find a middle ground between the GOP house, White House, and something 60 Senators can agree on. Right now they aren't even touching the vast majority of the budget and haggling to death over domestic discretionary funds, which is like an argument over the change jar while the fiscal house burns down around them.
Thursday, March 10, 2011
What place has a worker?
Monday, March 7, 2011
Monday Morning Notebook (03.07.V1-4)
*Ryan Callahan had the game of his life on Sunday afternoon as the New York Rangers whitewashed the Eastern Conference leading Philadelphia Flyers, who all of a sudden seem eminently beatable after dominating the first five months of the season. Goalies in Philadelphia tend to thaw out as the birds return and the flowers bloom, and April, May, and June are the harshest months for Orange and Black clad netminders. Henrik Lundqvist meanwhile remains a rock solid rubber stopper for the Blueshirts and hasn’t let up more than 3 goals since January 25th, the thinking here is that he may be able to vault the Rangers into darkhorse Cup contenders this Spring.
*The US Senate will take up two proposed bills to provide funding for the rest of the federal government's fiscal year, the GOP passed House Bill, and the New Democrat compromise plan. Both cut billions from President Obama's budget, but neither is predicted to bridge the 60 vote threshold needed to get out of the Senate. They are however expected to lay out the groundwork for future debate and compromise.
*The New Jersey Devils continue their most unlikely of quests for the 8th and final playoff spot in the East, which if they could claw their way into, would be one of the most incredible in-season turn around stories in the history of professional sports. I still believe they will burn out from playing each and every game as if it is the 7th of the Stanley Cup finals, and the law of averages states that they inevitably will start losing some of these 1 goal decisions. The authoritative statistical probability website, Sports Club Stats, still only has them listed as being a 1.8% chance to make it into the playoffs this season, but if they can complete this absolutely astronomical turnaround, the Devil will be a very scary matchup for one of the top 4 seeds in the East.
*Speaker of the House John Boehner is putting together his legal options to challenge Obama's plans to not enforce DOMA laws. This little culture war salvo is a bit unexpected given the current focus on fiscal issues and the laser-like focus on job creation promised by GOP leadership.
*It seems like Mario Lemieux was once again right, and the NHL and pompous Canadian media blowhards were wrong in regards to a situation with the League. After Mario blasted the league for not throwing the book at Trevor Gillies and the New York Islanders in the wake of an absolute travesty of a contest on February 11th which saw Gillies concuss young forward Eric Tangradi with a blindside elbow to the head, continue to pound on him as Tangradi lay helpless on the ice, and mock him from the runway as the training staff attended to the injured skater. Tangradi has yet to return to action, but after the league mandated 9 game suspension, Gillies was back at it again on Wednesday night. He saw less then 4 shifts and 2 minutes of ice time before he once again took a blindside flying elbow to the head of Minnesota Wild forward Cal Clutterbuck, who is now out with a
*Both sides in the debate over the State budget and the future of public sector unions remain entrenched in their hardline positions. Governer Scott Walker continues to insist upon stripping the unions of their collective bargaining powers and forcing them to recertify every year. Democratic State senators stay in self imposed exile so that legislation remains at a standstill in Madison.