Saturday, November 9, 2013

Saturday, November 9, 2013

BACK TO THE FINANCIAL MELTDOWN OF '07-'08:  What we have here is one more chapter in bog government perfidy  There are many culprits in the meltdown story, however there is only one reason for the fiasco: Big Government intervention in free markets.  And here's a rebuttal to the preceding  And why, if this argument is correct, didn't the "victims" sue Mr Paulson?

WHAT TO DO WITH A SERIAL LIAR WHO'S ALSO POTUS:  It's hard to say beyond impeachment which is not likely

A MOVIE WORTH SEEING, IF YOU CAN FIND IT:  For conservatives it's almost impossible to find watchable movies these days

A DOCTOR ON NEOCON BLOG WEIGHS IN:
  1. A Doctor explains:

    This is actually a huge problem, one that I have never seen discussed. It explains why the Congressional GOP won’t REALLY do anything to stop Obamacare, and also why they have no other ideas – because there ARE no other ideas.

    Starting in 1965, we (I started medical school in 1972) have built a gigantic edifice of modern medical care, certainly the best in the world by far – using OPM – other people’s money – (people other than the patients or their families).
    Look at the video depiction of the hospital where Vito Corleone was taken after being shot in the Godfather – that level of sophistication is what a true free market is willing to pay for. By “true free market”, what I mean is what willing patients and their families will pay out of pocket at the point of service.
    Everything else – MRIs, CT scans, joint replacements, implantable pacemaker/defibrillators, mobile ICUs, heart surgery involving bypass, modern (safe) anesthesia, GI endoscopy, laparoscopic surgery, cures for lymphoma and certain leukemias – all of that would require tens to hundreds of thousands of dollars out of pocket at the time of illness, and most people could not or would not do that.
    Enter Medicare and Medicaid. They pay, using OPM, for ANYTHING AND EVERYTHING that we, our medical device manufacturers, and translational research can think of (and they pay for the research, too). Yes, there is excess, and yes, given the general competence of government workers, there is fraud, too.
    But most of this cost is fixed and most of it is beneficial. Imagine you live in rural NH, and you wake up at 1am on a snowy night in February with chest pain. You dial 911. Within 15 minutes, there is a mobile coronary care unit in your driveway. Within 20 minutes, your EKG is sent via either a cell tower or satellite to a heart center 60 miles away. The PA in the truck has orders within a half hour to administer a cloned protein that costs $10 000 via an IV. It doesn’t work, so you roll to your local hospital helipad, where a chopper picks you up. You are at the heart center by 3am. The entire cardiac cath team meets you and goes to work. By 3:45am, they see that angioplasty is not an option, so you go down the hall to the OR, where the surgical team is waiting for you. Using a small incision and microsurgical equipment invented here in the last five years, they bypass your 95% lesion, and your heart is free of damage as you watch the sun rise.
    Now, the cost of all this stuff on standby, just waiting for you or your neighbor, replicated as it is all over the country, is in the trillions. The simple overhead dwarfs the cost of the actual treatments. And all of it – every single bit of it – exists because of Congress’ promise to print or borrow enough money to pay for it, since they know people can’t pay for it themselves and are not willing to pay taxes at a level sufficient to nationalize it.
    That’s what Obamacare is all about – it’s a way for Congress to escape from the cost monster that they themselves created before everything comes crashing down. And they have very cleverly offloaded the responsibility for who gets what to the Independent Payment Advisory Board, which will shortly be offloading it to hospitals and doctors.
    The alternative? Go back to 1964. The guy in rural New Hampshire gets up, takes Mylanta, calls his doctor who thinks it’s too snowy to go out, and he makes it or he doesn’t. (By the way, the odds of him making it are pretty good, around 85%).

    Both the Republicans and the Democrats in Congress are partners in the something for nothing fantasy, and it looks like they are going to ride it all the way down to the ground.

The opportunity to properly fund Medicare/Medicaid was always there it simply was abused by a corrupt  political class.  Like Social Security, Medicare/Medicaid were meant to be financially self sustaining through taxes.  Since politicians did not want to offend, and wanted to gain votes and stay in office, a) they avoided raising taxes sufficiently to pay for these programs, and b) they kept expanding the number of people with access to the programs, and c) they raided the trust funds of SS for general expenses leaving only IOUs if their coffers.  In other words they stole monies from the trust fund.  This criminal behavior was allowed for decades until lo and behold there's nothing left anywhere to continue operating the bankrupt system.

Thursday, November 7, 2013

Thursday, November 7, 2013

NEW YORK:BACK TO THE '70'S?


NATIONAL REVIEW ONLINE          WWW.NATIONALREVIEW.COM           PRINT
The Fat Cats’ Veto
For taxpayers of all sorts, moving trumps voting.
By  Kevin D. Williamson

Monday, November 4, 2013

Monday, November 4, 2013

POLARIZATION THEORY:  They do believe they know best  Liberals have an elitist propensity that leads them to want to tell lesser born, or intellectually gifted, or something people what is best for them in all walks of life.  Something to do with arrogance, hubris, superiority complex, or something.

A CONSERVATIVE POLITICAL MESSAGE:  Why Republicans lose the messaging war

OBAMA STUMPS FOR MCAULIFF IF VIRGINIA:  It is truly disgusting to  watch two serial liars standing side by side on a platform at a political event and promote each other.  Obama's such a creep; McAuliff is such a creep.  And yet we are about to witness a big win for the two of them in Virgina's gubernatorial race.  Oh, and by the way, the Clintons are right there with their good ol buddy Terry, which is appropriate because they are the politicians who brought the level of corruption in politics to new heights and the discourse to new lows.  Boy would I be embarrassed to be a democrat, but guess what, deems are perfectly fine with all this low life, just as long as they get and remain in power.  What a state of affairs!!!!

Sunday, November 3, 2013

The Trip -- from Prague to Budapest via the Danube


Day one found six of us, who had flown from Los Angeles to Istanbul on a Turkish Airlines 12 hour flight over the North Pole, having a light dinner before repairing to our rooms at the Airport Hotel.  This, after a "night" flight meant we were experiencing back to back nights which was to mean serious jet lag on the next day as we departed for Prague at 10 AM.  The Istanbul to Prague flight took about two and one-half hours and since we were flying mostly eastward, roughly following the course of the Danube through the heart of Eastern Europe, we gained one hour of time, arriving at the Prague Airport around noontime. There we were met by the driver/owner of a new Mercedes mini bus who delivered us to our hotel around 1PM. 
Living room of Starrat suite

Mamaison Pachtuv on right
The Mamaison Pachtuv Palace, is what is nowadays promoted as a high-end boutique hotel. In its previous incarnation was a home of a rich Czech Earl,  Pachtuv, a friend of Amadeus Mozart who stayed with the Earl on his many visits to Prague.  It was most amenable with high ceilinged rooms of charm and good taste.  The hotel's current ownership is a consortium of investors and the lately infamous AIG Corporation, a victim of Eliot Spitzer's prosecutorial jihad against successful Wall Street firms. It  is managed by the Mammaison chain of high-end boutique hotels. 

On the first evening, after a welcoming cocktail party hosted by Helen, four of us found our way to the Konirma restaurant in the New Town, highly recommended by one of Helen's UCLA nurses married to a Czech born American.  The recommendation was deliciously accurate.  Of particular note was the pork ribs advertised as marinated and slow-cooked for 8 hours.  The ribs were thick and meaty and rendered cuttable with the side of a fork!  On top of the quality of the food, the cocktails and wine-included meal at $70 per couple represented the best culinary value some of us found on our stay in Prague.

Magnificent architecture throughout Prague
Prague is a charming European city jammed with tourists as well as 1.3 million Czechs who fill sidewalks, streets, shops and restaurants seemingly  24/7.  Music is big in Prague.  Affordable hour long concerts and opera as well as ubiquitous street performers noticeably enlivening the city. It is a most walkable city with an historical building or home every block or so. Fortunately it was spared significant bombing during WWII.

A decided highlight was a private guided tour of the Prague Castle and the
Strahov Library
Strahov Library a magnificent repository of 80,000 priceless original first (and probably only) prints of books on astronomy, astrology, philosophy and all the rest representing the advancement of knowledge up to and including the Middle Ages.  A generous recent grant from Norway has made possible the restoration and preservation of these treasures for the future. 
Statue wannabe Strahov Library



A sense of appreciation for this generosity almost makes one want to take up kippered herring and slivovitz, or whatever it is they eat and drink in those cold and uninviting climes in Scandanavia.  

After two full days and three nights the group heads by bus for Nurenburg where AMA's river cruise ship, home for the next seven days, awaits.   A more or less forgettable two hour stop at the Pilsner brewery on the way educates on the art of making fine beer -- and it is an art! 

A football field and 1/2 long


The AMACERTO is a state-of-the-art river cruise ship somewhere over 400 feet long.  Cabins are "tight" but quite livable for economy level and somewhat more commodious, and probably worth the added cost, at the upgrade levels.  Amazing what a few more feet of cabin space can make.  Food and wine was generous, well served and, if not at the fine dining level of say a Regent cruise, did not disappoint.
Entering one of many locks













Days on the Danube involved negotiating multiple locks, some interesting scenery, and progressively colder weather although we were headed south.
Royal Palace Vienna













Melk Monastery dates from 12th century
Besides the two day visit to Vienna, the Melk Monastery stop was a highlight of the multi day cruise from Nurenburg to Bratislava, the capital of the new 5 million population Republic of Slovakia.  Along the way there were walking tours of authentically medieval Nurenburg, Regensburg, and Passau with a factory tour of the Audi car manufacturer thrown in for the gear heads on board.  A faulty lock somewhere between Vienna and before our intended final docking at Budapest, resulted in an unplanned three hour cross-country bus trip through the tiny Republic (pop: 5,000,000) of Slovakia as well as the rich farmland of Hungary to that country's capital city of Budapest as well as an overnight in a Sofitel Hotel in  the middle of the new town section of the city.  Absent the balky lock  AMACERTO was to have taken us all the way to Budapest on the Danube, alas, not to be.  After an all-too-brief one-day tour of this most interesting city,  the group split up, some returning to the U.S. and others on to Istanbul and Turkey.     





Sunday, November 3, 2013

TALK ABOUT NAIL, HEAD, AND HAMMER: Cutting to the chase After all's said and done, Andrew Klavan has produced a little video here that simply leaves nothing more to be said on the subject of Barak Obama and the presidency of the United States.

MOST TRANSPARENT ADMINISTRATION EVER?  Oops! One more lie It's so hard to believe so many people voted for this guy TWICE!

WANNA INVEST IN TECH?  Best read this sobering article  It always has everything to do with interest rates.  When they are artificially kept low, malinvestments occur, just like the Austrian economists have always said.

KRAUTHAMER VS. MCCARTHY:  What exactly is "conservatism"  It comes down to definitions of welfare state, conservatism,  rights, constitutionalism, etc.  In this argument framed here by McCarthy, I side with him and not Krauthamer.  It is all too apparent that power concentrated in the hands of the state will sooner or later be abused.  As an example, Social Security was sold by FDR as an insurance plan with everyone paying into a central trust fund which would be used to pay back everyone once they reached retirement age.  Over the years, as McCarthy points out, the politicians began raiding the "sacrosanct" fund for other purposes leaving the cupboard bare of any "investments" other than government IOUs.  There's nothing wrong with forcing people to save (since most probably wouldn't if not forced) but there is certainly something wrong with stealing their savings for purposes other than intended by law.  McCarthy would argue that is what happens when the government entity furtherest removed from the people has too much authority, and I agree.

THEY'RE BACK:  The gravy train is on the way  McCauliff, front for the Clintons, is about to become governor of Virginia.