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OV US Election Watch (9/2/2010): What a Way to Start the Month..

: Some Funny...Some Not So Funny....
The "Greatest Show on Earth" did not disappoint on the first day of the new Month!!!

The day began, for me, taking a look at the current edition of Newsweek Magazine headling a Jonathan Alter er piece. Newsweek, of course, will go on under its new owner, Sidney Harman--who happens to be the husband of the California Congresswoman Jane Harman. Jonathan Alter talks It shows how Obama has been characterized as a terrorist-coddling, wall street loving, godless, Foreign-Born, Muslim--when in fact none of it is true. Between the Afghan Surge, drone attacks, rejecting nationalization of banks and pushing to get monies back from GM and Chrysler, the record is one of a comitted capitalist. What is now prevalent is a testanment to the power of the Right Wing Noise Machine having been as effective as it has been. I nearly fell off my Chair when Mitch McConnel noted that he took the President at his word that he was not a Muslim. This is not as bad as Rush noting that Imam Hussein Obama is here and now!!! Does Mitch McConnell live in the same America or is it a different America? I wonder.

As this nonsense over the President continues, there is of course the true realities. Although Mr. Obama declared the end of combat operations in Iraq, the fact remains that the United States will continue to be engaged there. The Republicans wanted the President to thank President Bush for the "victory" in Iraq. The fact remains that the War was wrong, the premise was wrong and the Country is worst off because of this ill-conceived war that cost over 800 Billion Dollars. Iraq is a broken, shattered country that is under the thumb of the major regional powers. Yet, in the fantasy world that is the Republican Party today, they want the World to believe otherwise that America won.

The same amen crowd that pushed the rightenousness of the Iraq War is also behind the Mosque hysteria. If one visits the Keep America Safe website, all they talk about is the Ground Zero Mosque. It is as if they have nothing else to talk about. Liz Cheney's crusade against the Mosque seems to have been her group's raison d'etre. That's fine because that is her right to exercise her right of free speech. But, her paranoia surprises me becuase she was part of the gang that was in charge of US Foreign Policy during the Bush Years. She claims to be an expert on the Middle East, yet seems to have no clue whatsoever and seems to want to portray Muslims as animals. The only word I could possibly find to explain her action is simply this: Racist. For someone who is a lawyer, it seems as if she has no clue about the Constitution, the Bill of Rights and the history of this great land. She apparently needs to re-read history. That seems to be out of fashion, though, in the fantasyland of The New Republican Party today.

The Greatest Show on Earth that is the US Election Season continues to be ever more surprising, though. Joe "Wacko" Miller seems to be the gift that keeps on giving. His pronoucements about the Feds simply pulling out of Alaska is perfectly understandable. But, it seems as if he has to explain to the people of Alaska how he intends to replace all the Federal Funds. What if some of us around the country would want all the monies we sent to Alaska to come back? How would Alaska propose to pay that back as Oil begins to run out? Other candidates also seem to be on this wacko trip that seems to be never ending--but it sure is fun to watch!!! There is also the issue of the repeal of "Obamacare". I have been trying to find out what Mr. Miller's solution is counter the actions of regional hospital chains like Sutter Health in Northern California that charge 3 times the normal rate for a normal procedure and even the mightly insurance companies can't say anything about it.

Back in California, Fiorina and Boxer had their debate. It was a contentious one because the race is one that is supposedly a toss-up right now. What I found quite ironic was how Fiornia criticized how her tenure at HP was brought out and used as a political football. Someone had to remind her that politics is a high-touch contact sport where nothing is off the table--with the exception of one's family. California is a Democratic-Majority State. The fact that the polling is fairly close is a reflection of the national mode right now. But, polls are polls. I will not be paying attention to polls--just the facts Fiorina's campaign, though, had already put out a Press Release on the Campaign and Boxer's was yet to do so. So, the publicilty machine has been in full gear and will continue to be so.

There is of course the case of the birthers. Terrence Lakin, an Army Officer, has refused his deployment orders on the grounds that President Obama is foreign-born. I hope the Army will nail him to the wall and Court Martial him. Furthermore, I hope that the Air Force will call back to Active Duty General McInerney, the retired Air Force General who has apparently filed papers in support of Colonel Lakin and court marshall him too. It is one thing to have buffons like Steve King use the hallowed halls of Congress to push their twisted agends. I am sure that the Army will do what needs to be done and I'll let the course of Justice run its' course.

The big elephant in the room is the Economy. I was gratified to see the broad gains in the market yesterday. Yet, the economy continues to remain fragile. The question is whether voters will embrace the current path or give the Republicans another shot. I continue to believe that the election will be a lot closer than handicappers like Charlie Cook and others are calling it. It will be fascinating, though.
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The Heritage Foundation's Ideas....

: ...Worth checking Out...
I caught a glimpse of a news conference by the Heritage Foundation's Michael Franc. He is the Government Relations VP for the Foundation. I am well aware of some of the support the Heritage Foundation receives. However, I have been of the view of that any idea that would help provide a roadmap is absolutely crucial to be looked at. I would be analyzing the report annouced by Heritage and providing guidance on it as part of OV's Election Watch Series over the ensuing weeks.

I welcome the Heritage Report because it is how things should be. There was one thing that Michael Franc also noted that I also agree with: incremental change is simply not acceptable. There needs to be the courage to truly work to transform for the greater good.

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OV Week-End (7/11/2010): OV's Third Year, FIFA, Af-Pak & Other Thoughts

: ..and now!?!?!?
As the Third Year of "Outsiders" unfolds, I continue to remain hopeful. I continue to believe that we have to embrace change in its' every instance. I believe in true consesus building ideas so that we can all emerge stronger and more vibrant. There needs to be a sense of history and realization of what is at hand.

Just like many others, I was following the World Cup with great interest. As I write this, Spain has won the FIFA World Cup 2010. They were the underdogs and have confounded all skeptics--including myself who routed for the Dutch that the Spaniards defeated. I also congratulate South Africa for what it was able to achieve despite all that was stacked against it. I was glad to see Nelson Mandela sharing in the greatest moment during the final match. The question is how South Africa will be able to continue to transform itself as a result of this experience. The rift between the rich and the poor, Crime and a sense of hopelessness will continue to be the challenges faced by the South African Government


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OV California Watch (7/5/2010): The Greatest Show on Earth

: It truly Is...on that I have no doubt....
California still does not have a budget. But, the State Legislature has apparently found time to introduce legislation about State Symbols and other frivolous matters that has nothing to do with running the State. The only good news is that the State Legislature is not getting paid because the State does not have a budget.

I am not losing too much sleep over the State Legislature not being paid, because they will get retroactive pay when the State gets its' budget--and it will get a budget!!! The banks in the State Capitol, Sacramento, also have a lucrative business extending pay day loans/etc. at little or no interest to help tide these guys through. If a regular guy wanted to get a payday loan, they have to pay an average interest rate of about 300 percent and only have a week to pay it back...or else!! Furthermore, there is of course the order by the Governor to pay 200,000 state workers at minimum wage. The State Appeals Court has sided with the Governor. The State Controller says he can't comply because he has too many challenges to overcome. Some of the challenges include computer systems, laws, etc. etc. etc. One wonders whether to laugh or cry


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OV California Watch (6/21/2010): Elections, Budget, etc, etc.

: It will be Ugly For a While.....
Well, it has been an interesting few weeks. Meg Whitman has agreed to only one debate in October. I guess she's afraid of the big, bad bully on the stump: Jerry Brown. She wants to insure that she can buy the election and make the people think that she has all the answers. She has been on the prowl going after the California Nurses Association, wanting to contact them by soliciting their vote.

As for Jerry Brown, he's criss-crossing the State like Meg Whitman. But, both are silent on the budget. I can understand why they are silent, because they don't want to lay all their cards on the table. It is prudent Management considering the toxi atmosphere right now. All choices are just simply bad


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OV Newsflash (6/9/2010): The Battles Lines Are Drawn in California

: ..and now?!
It is now officially the day after the Election in California. I served as an Election Coordinator for my local County. It is always a privilege and a pleasure to see Democracy in Action and to be witness and part of history. For me, it was also especially fun because my son joined me in the early set up process so that he can understand and realize Democracy in Action. I was extremely grateful for it.

The vote count is continuing. However, the Republican and Democratic Nominees are known: Jerry Brown and Meg Whitman. As I have written before, Meg Whitman and Steve Poisner tried to outdo themselves in telling the State who was more conservative than the other. Meg Whitman came out swinging about old time politics, about how things are to change and how she was going to ride into Sacramento on her white horse trying to save the State Pension System, the Education System, etc. etc. etc. As for Jerry Brown, he reminded the State that he's been around and was at the forefront of technological innovation before Meg Whitman could spell computers


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The Job Search Chronicles (Latest Developments)

: Scary Indeed....
The One Stop Center is a wonderful, yet at the same time terrifying place. One hopes never to have to engage the services of such a center. Yet, many have had to turn to that center in order to try and find an opportunity to land on their feet. As I have written before, the resources are terrific, the staff is fabulous and they try very, very hard to be accomodating and supportive of people going through the calamity as they are.

I was at a workshop earlier in the week trying to see what can be done to get further assistance. The statistics being thrown around by the staff about the number of people being serviced was truly scary. WIA case workers have over 100 clients that they work with trying to get them situated in jobs. There is success. But, it is taking more time. I have had a chance to meet folks who have been pounding the pavement for over a year now to no avail. One such person spends his time volunteering at the local networking club and facilitates the dissemenation of information. How such people continue to perserve in spite of all the odds is very inspiring. But, there is of course all those promises of quick rich schemes. I was laughing at a recent story in the Orange County Register about opportunites on the internet. The claim was that you could get going on making 8,000 a month working two hours a day. Who wouldn't want that job? There was many such advertising on late night informercials as well that seems to have gone away now. They do still pop on on websites periodically--but that's about it


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OV Week End (3/13/2010): What's Wrong w/Washington

: So what!??!?


The pundits have been at it over the last number of weeks to tell the world what is wrong with Washington. What is clear is that there is no courage to make the tough choices necessary to bring us back from the edge of the abyss. What the Economist depicted is absolutely right on. I am sure that Mr. Linclon will look at the cast of characters in Washington now and just shake his head in disgust


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OV View (3/4/2010): Getting US Democracy Back on Track

: Change is Hard....
Change was what Barack Obama ran on. Now that a year has passed, there has been a lot of talk and a lot of frustruation. I have been one of those who has at times expressed a lot of frustruation with the status quo that the Republicans seem to continue to adopt. An example of it was the comments made by Mike Pence yesterday appearing on Fox.

Mr. Pence, the House Republican Policy Chair, pushed the Republicans main point that the country should not rush into passing healthcare. He also pushed one of the key Republican talking points about a massive Government takeover of healthcare. As this public relations initiative went on, they also started roiling on reconciliation. What they failed to tell the country was that reconciliation has been repeatedly used by the party in power especially during the Bush years. They just forgot. I will not go as far as calling the Republican Senators liars. They simply forgot. But, what was clear was that the Republican objections seems to be hypocritical at best. There is also Mr. Stupack of Michigan who continues to push his view that the pending healthcare bill is going to fund abortion--which is another outright distortion


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The Give-And-Take on Healthcare Reform

: Will Responsible Republicans Stand up?
The White House's New Healthcare Plan was announced yesterday. This is one take on the plan:

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Some Mid-Month Tidbits From California:

: This is something not being talked about!!!
I continue to watch California slide further and further away. Right now, there is a 20 Billion Dollar Budget deficit that the Governor and Legislature are trying to fix. I continue to wonder who will pay the price. The Governor told the state that Education will not face cuts. But, if the plight of the teachers in Los Angeles and Orange County are a sign, cuts are forthcoming. There is another even more disturbing story I saw about the admissions to the UC System. As the budget calamity goes on, they will be instituting waiting lists for aspiring students. This is even more a bother as America's competitors continue to graduate engineeers by the thousands!!!!

California suffers from another major challenge: High Unemployment. Pro Publica has a story about the plight of the State Unemployment funds. There are over twenty states whose unemployment insurance fund is broke. Look at the scary numbers propublica is reporting on California


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California vs. New York: Who Wins the Prize?

: To me it is clear...But?!??!
California and New York continue to fascinate me. Both are States that have to come to terms iwth deficits, have State Governments that are dysfunctional and are in need of reform. But, California gives me hope. New York is a whole different story, though.

California's challenges are well known. But, believe it or not, there is still hope for California because it is resilient. Yesterday, I participated in an online discussion sponsored by the New America Foundation. The focus was California and the challenges it faces as it begins to once again deal with the 20 Billion Dollar Budget shortfall. Of all the discussions, I found one comment by Joe Matthews especially disturbing. He talked about how the Republicans and Democrats in the California Congressional Delegation do not any take the time to talk. It got so bad that the Anenberg Foundation sponsored a get together in Coachella Valley for them to talk things through. If this is not a disgrace, I don't know what is. But, I am gratified by some of the things that the Governor has proposed. For instance, he has proposed to shift the way monies are spent within the budget. California, right now, spends about 11% of its budget on Prisons and around 7.5% of its' budget on Education. He is proposing to change the formula. He is also making a full court press to go after the Feds for California's Fair Share. I find that to be especially gratifying in light of the sweet heart deals some of the States have been getting. I am not sure if the Governor will be successful though. Will the Congressional Delegation do what it has to do, though? We shall see


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Governor Schwarzenegger 's Final State of the State Address

: Quite a Performance....
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The Fiscal Bloodbath in California: What's next?

: When will the next shoe drop?
California continues to march to the edge of the abyss. The statistics I have seen from Pew Resarch scares the daylight out of me. California's current budget deficit as a percentage of the general fund is estimated to be at 49.3% of the general fund. The numbers I have seen are at 21 Billion Dollars according to a report on PublicCEO.com. It is just as bad in Nevada, which I just visited. It is estimated to be at 37.8 Percent of the general fund.

I have always believed that California is a leading indicator of what is going on in the Country as a whole. Although I think that California will be back, it will be quite a while. An indication of the steep climb California has is what happened with the University of California System. The UC trustees just approved a 32 percent tuition hike for students along with some massive budget cuts. With the steep cuts, I see these folks cutting the legs from under future development. I see the continued evolution to be such that Education may end up belonging to the rich and the well-off. Some may not think Education to be a Civil Right, but it seems to me that if there is anything that would help guarantee a reasonable future is Education. My own local school district is dealing with a 25 Million Dollar deficit. The School Board has decided to balance this budget by going after teacher salaries and pensions


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What can I do for my Home!??!?

: Will Blog Action Day truly help?!??
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The California Chronicles (Special Edition)

: A lot going on....
What goes on in California, matters. California continues to suffer from drought. Fires have ravaged parts of the State. The economy continues to be on the edge of disaster with an "official" unemployment rate of 12.2%, which has resulted in a 1.1 Billion Dollar gap in expected revenues. They had just balanced the last budget with over 30 Billion in cuts and about 6 BIllion in budget gimmicks. This is all happening as California is gearing up for another round of debt offering later on in the month.

There is, of course, the Governor's race. Everyone is running furiously. Gavin Newsome, the San Francisco Mayor, is hard at it. I missed his "facebook" townhall last week. I have seen reports that even wealthy San Francisco may have to go through budget cuts. Jerry Brown, the Ex-Governor and now Attorney General, is also running to get his old job back. On the Republican side, I am quite fascinated by the rise of Meg Whitman. She wants to "change" California as we know it by cutting back Government. She is being supported by business insiders thorughout the State. The San Diego Reader crowned her the GOP Establishment Candidate. She did not bother to register to vote until a few years ago. It was hillarious how some focused on it, not her plans for changing California. There are a few others, too. There is Steve Posner, the Insurance Commisioner and Tom Campbell, the Ex-Congressman and Budget Director for the current Governor. It is bound to be quite exciting. No one is saying much, though. They don't want to tip their hand--which is understandable. But, someone has to show leadership. There is only lipservice--nothing else


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The Economic Green Shots: A Contrarian View

: Can he be right?
The Financial Times featured HSBC and its' chief, Michael Geohegan in a recent edition. I was particuarly keen to assess how HSBC has been able to navigate the World Economic Calamity befalling us all. Although the consesus is that recovery is at hand, it is yet to be fully realized.

I was quite taken aback when I saw Geohegan's view on the strength of the recovery. He believes that the so-called "Green Shots" are a temporary reprieve before everything starts going downhill again. During the interview, he asked the rhetorical question as to whether this was a V recovery or a W? He felt it was athe later. He did not want to grow too fast and it looks as if he is going to stick to that. What is surprising is how HSBC has been able to navigate through this in reasonably good shape. HSBC is one of the better capitalized banks with a core tier one ratio of 8.8 percent


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The California Budget Soap Opera

: The Show Goes On.....
The Governor Before the Legislature


Governor Schwarzenegger spoke to the State Legislature on Monday. He reminded the Legislature and the State of the dismsal state of California's Finances. It is bound to get worst


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Staying Focused on What's Important

: Stark Choices!!!!.
California continues to drift ever more into the abyss. RIght now, there is a 24 Billion Dollar budget deficit that will be very tough on everyone. The Governor's budget calls for drastic measures to bridge the gap. I have seen all the arguments about how "spending" has been out of control due to unfunded mandates and a dysfunctional political system. But, in all this debate, "main street" is being left out in the cold.

There are some stark realities facing the State. The State is facing a drought. A level 2 water alert has been declared throughout the State. Moulton Niguel Water District in Orange County, California has mandated all local customers to reduce water usage by 20%. Irrigation has been limited to three days week. Furthermore, earlier water conservation rules will also be expected to be followed. Beyond that, there continues to be the issue of massive cuts coming down from Sacramento. Education will see the steepest Class sizes will increase by almost 70%. I talked to a teacher about this and asked them about the impact as she understood it. She told me that "..I know I have a job..." Beyond that, she had no indication of where things stood


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Green Shots: Myth vs. Reality (Cont'd)

: The Terrain is scary.....
Workers continue to be worried as reports of layoffs and missed earnings keep coming. One such law in California to at least help mitigate the shock is the California Worker Adjustment and Retraining Notification Act. The so-called WARN ACT requires certain employers to give affected employees at least 60 days advance written notice of an intended plant closing or mass layoff. 147 companies will either have a mass layoff or an outright plant closing during this month alone. For instance, in January 2009, a major regional hospital in Orange County California filed to shut down with some 500 employees. Things continue to move in the wrong direction.

As for the sickly auto industry, I reported on the drastic measures being taken by Chrysler to pare its' dealer network. When the folks are not buying the cars, there is no reason to support such a extensive network. My initial estimate of the number of jobs lost was apparently way understated. The estimated job losses are slated to be around 38,000 people. GM is also right behind Chrysler. They are cancelling 1100 dealer contracts. The National Automotive Dealers Association is politically connected. After the dust is settled, only the major players (Penske, AutoNation) will survive. All others will fall by the wayside


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An Insightful View of Afghanistan

: Why won't anyone listen?
Afghanistan has emerged as a central front because of all that has been going on. The new policy by the Obama Adminstration, in my view, will threaten to take the United States down the same misguided and lethal path that has led to eight years of failure. As I have written throughout the last number of months, the Taliban are winning.

One of the msot insightful analysis I have seen so far is this interview done by Paul Jay


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The Continued Econmic Winter of Our Lives

: Is there any hope?
The numbers that came out on Friday on the U.S. Unemployment numbers were shocking. It went up "officially" to 8.25%. But, according to the Bureau of Labor Statistics Report, it did not include, "...About 2.1 million persons (not seasonally adjusted) were marginally attached to the labor force in March, 754,000 more than a year earlier. These individ-
uals wanted and were available for work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 685,000 discouraged workers in March, up by 284,000 from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.4 million persons marginally attached to the labor force in March had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities."
(Source: Really]Really Long Link retrieved April 4, 2009


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Eyes Of the World are on London.....

: And???
The World
The G20 Class of 2009

The World's top 20 countries have desended upon London. London has braced itself for anarchy. Anyone who does not understand the anxiety felt by the people of the world seems to be living in fantasyland


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The Bed-Ridden U.S. & World Economy & The Stimulus

: Truth is Tough to Embrace......
I have been assessing the continued economic challenges we have been facing in the country. It has been extremely worrisome. In California, the unemployment is at double digits. Los Angeles County is at double digits. Other counties continue to bleed jobs throughout the state as the country tries to live through the worst economic times since the great depression.

I have been assessing the flow of monies coming to the states. I have been especially interested in Educational Funding coming from the stimulus package. The funding coming to California reflects, for instance"....nearly $8.6 billion in Recovery Act funding to


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Recovery.Gov: The First in a Series of Comments

: California's Take
I wrote about the profound concerns about the California Budget. I wanted to assess how the new stimulus plan will help California. California, for instance, is slated to receive around 11 Billion in Educational Funding alone. Funds are starting to be distributed. I am particuarly keen to understand how the 11 Billion Dollars slated for California is going to trickle down to the local level.

Right now, the Capistrano Unified School District in Orange County, California is faced with a 38 Million Dollar Deficit. They are slated to make substantial cuts. According to the California Teachers Association, Twenty Six Thousand Teachers were slated to receive pink slips. As California has already launched its' companion website, available at: http://www.recovery.ca.gov/, I will be looking into the 11 billion dollars and how it is going to be spent


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Cramer vs. Stewart: My Take

: Serious Stuff Indeed!!!
The talk of the media during the past week was Cramer vs. Stewart. Jim Cramer is the host of Mad Money on CNBC and Jon Stewart is the host of The Daily Show on Comedy Central.
Stewart went after him and rightly so!!

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The Obama Stimulus Plan & the Politics Of it.....

: Now the Real Work Truly Begins.....
The Congress has passed the Stimulus Plan. I was getting the twitter updates throughout the day as the proceedings continued. Three Republicans (or as the Repubicans say RINO's) joined the Democratic Caucus in voting to enact it. The U.S. President is slated to sign it into law on Monday.

I view the three Senators who voted for this as courageous. Olympia Snowe, Susan Collins and Arlen Specter have gone against the grain consistently. Olympia Snowe and Susan Collins are two Senators who are from the Republicans of years past as the party evovled. Arlen Specter gained my respect when he grilled Alberto Gonzales during his disastrous tenure at the Justice Department. Olympia Snowe and Susan Collins don't have to worry about their consitituents. Arlen Specter will probably have a fight on his hands as he faces re-election. But, the man has faced down cancer, twice. One of his nemesis in his home state called him a houdini


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The California Comedy Show

: 100 Days & Counting......
California is the biggest state in America. California has the 8th largest econmy in the world. Yet, it has a Government that has seized to function because of the ineptitude of the leadership.

Now, the Governor and the so-called big four in the California Legislature are in the midst of negotations to try to resolve the impasse. I heard a bulletin on the local newsradio noting that a deal was at hand. However, the existence of the deal was denied by the President Pro Tempore of the California State Senate and the Spokesman for the Governor. The reports I have seen notes that there are going to be tax increases and budget cuts. Everyone is going to pay in some fashion or another


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Outsider Views Economic Winter Chronicles (Feb 8, 2008): A Personal Perspective

: How scary will it get? I just don't know.....
The debate on what to do about how to jumpstart the US Economy rages on. I personally have received appeals from both Senator McCain's new CountryFirst PAC and President Obama's Organizing for America Organization. The roundtable held earlier between four leading lights of the U.S. Congress on NBC's Meet the Press underscores this divide.
As the debate continues, teachers, fire fighters and cops are on the chopping block. States are in dire straits. California continues to operate without a budget.

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Outsider Views Economic Winter Chronicles (Feb 6, 2009 Edition)

: ..and the hits keep on coming.........
In my almost daily columns/comments on the Economy, I had thought about the calamity as a Tsunami. With a Tsunami, there is at least a chance to see Sunshine. However, I think the better term for it is a Winter Storm. I continue to wonder when we will see sunshine.

On Wednesday, the bleeding continued. Cisco Systems, the leading network gear maker, missed the numbers. Alcatel-Lucent continued its' downward slide which has been on-going for a number of years. Disney missed then it came out with its numbers and annouced jobs cuts totaling some 400 workers at the ABC unit. Earlier in the week, Electronic Arts annouced a job cut and delay in new games


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US Political Tidbits: Just One Day In the Life....

: Disappointments Continue to Abound...
As the first day of Feburary 2009 began, I saw another day of the great game of political football being played out in the U.S. Capital. Washington was busy with its' usual ways. While it continued to debate, discuss and wait, companies continued to cut back. Macys, a leading US retailer, has annouced job cuts totaling 7000 people. Hitachi has just annouced its biggest loss ever: 4 Billion Dollars.

I was vying for some good news. I suppose Eric Holder's confirmation would be considered as good news. He was confirmed as Attorney General. I think Arlen Specter did the right thing by stepping up to say that he was well qualified. Holder served as a Judge, Federal Prosecutor, Deputy Attorney General and now Attorney General. He has his work cut out for him--that is for sure. In addition, Judd Gregg has apparently been picked to head the Commerce Department. He is a Senator from New Hampshire. I think Mr. Gregg did the honorable thing by making sure that the balance of power in the Senate does not change. I also think that Tom Daschle will be confirmed as Secretary of Health and Human Services. Although I think that the Senate will confirm him, there is precedence in the Senate turning against one of their own. What happened to John Tower was a prime example


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Outsider View's Economic Tsunami Chronicles (Feburary 2, 2009 Edition)

: The Bad News Gets Worst!!!
The new month continues the bad news we have been subjected to since mid-2008. Right now, Ryannair has posted a loss of 130 Million Dollars for the final 3 months of 2008. Ryannair is oen of the leading budget airlines in Europe, based in Ireland. Going around the world to China, China has just come out with a report noting that some 20 million Chinese workers no longer have jobs to go back to. According to the statistics reported, this represents 15% of the workforce.

As the flow of red ink and bad news continues, we have the give and take in Washington. There is at least consesus that something has to be done. But, states and local governments in the United States continue to suffer. The Governor and the Legislature are continuing their game of political football. This is the California Governor's Take on this


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Davos: Reflections

: Wow!!!!
The world is right now fascinated with Davos. The rich, the famous and the powerful are all there in paradise talking about the world and all the problems. There is enough being said by all pundits which will speak for itself on Davos. But, two key things occured which I wanted to note:

1) Turkey's Prime Minister Edrogan stormed out of a discussion with Shimon Peres during discusisons on Gaza. Edrogan was given a minute by David Ignathius of the Washington Post to rebute a lengthy comment by Shimon Peres. I think the gesture by Mr. Edrogan must be taken seriously by Israel. It shows the frustration with Israel and the fact that as Amr Mousa said, Israel "does not listen". I was quite disappointed by David Ignathius when he did not grant equal time during the discussions. It seems to me that Dinner could have waited


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And The Hits Keep on Coming......

: When will the bleeding stop?
Although the Dow went up today, the bleeding has continued. Over 70,000 job cuts have been announced. This include massive cuts at Catepillar, Sprint/Nextel & Phillips. Auto Suppliers are getting ready to go to the Federal Government with a request for $ 10 Billion. To add insult to injury, Citigroup is about to take delivery of a $ 50 Million private jet.

Right now, The President has been given $ 350 Billion to Spend. He is pushing for another $ 825 Billion. Out of that, about $ 500 Billion is cash. So, he'd have a Trillion Dollars to spend. I will be many who will be holding his feet to the fire in terms of transparency. We will need to figure out how to jumpstart the economy. So far, nothing has worked. It is scary to see what is going on right now. The President spoke to this on Saturday during his weekly address. I wonder if the Republican Leadership was listening or truly understood what he was saying when he met with them at the White House. What he said was clear enough


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The Economic Tsunami Chronicles (2009 1st Edition)

: The suffering continues...with no end in Sight....
Gaza continues to burn. Yet, other challenges continue to overwhelm us. Just today, over 200 members of the Orange County California Social Services Agency have received their layoff notices. This is to try and bridge a 30 Million Dollar Budget gap. One of them is an Army Reservist serving in Iraq right now. In the Los Angeles Unified School District, letters having gone out to 3,000 non-permanent teachers telling them that they may not have a job next year. It is not pretty at all right now. At the State level, The State of California continues to grabble with a 18 Billion Dollar Budget Deficit. On the Business Front, Alcoa has announced a 13% Job Cut and massive reductions in its capital spending.

These developments are quite worrisome. I saw the "celebrations" as the New Congress began its work on Tuesday. Although I was not in Washington, it was as if I was in the visitors gallery watching the proceedings. The House Majority Leader has said that the stimulus package is going to be delayed. While the politicans meet and greet, ordinary people are losing their jobs and are losing hope. That's the problem as I see it. The President-Elect seems to understand it based on what I have seen so far


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The Economic Tsunami Chronicles (Cont'd)

: A Dark Future is Ahead....
Although we have begun 2009, I continue to be profoundly concerned about the immediate future. All of us are victims. One of the latest high profile victim is the State of California. Right now, the State has a 41 Billion Dollar Shotfall. According to the State Controller, the State will run out of money by Feburary. This is just sad. I have no other word for it.

The Governor has called for tax increases, budget costs, a 5 billion cut in the Education Budget in order to bridge the gap. This is shameful, to say the least. When the Governor took power, he promised the world. Yet, he has presided over an implosion of a state that is the 8th largest economy in the world to the tune of 1.8 Trillion Dollars. As goes California, so goes the nation.
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California is On Fire

: Scary scenes indeed.....
For the second time is as many months, California is up in flames yet again. All the major "mainstream" online media and local television has had nonstop coverage of the fires in Southern California. One of my friends sent a few of the images from the frontlines late on Saturday:
scary
What should we do?

scary
Geese!!!

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As the Greatest Political Show Draws to a Close...

: The 2010 & 2012 Race starts on November 5
America and the world has been subjected to the Greatest Political Show on Earth. Many came and criss-crossed the country for votes. But, only two were left standing. It has been quite a ride for us all.

Thanks to the power of the internet, I have been attending campaign events and enjoying myself. I was witness to a major Presidential candidate being called a socialist and even a Marxist. But, this was also an election where it appears that the people understood that change was in the air. This was also the election that is the first billion dollar election. We were also introduced to Joe the Plumber. The sentiments it arose was one of the final acts of the campaign


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Disappointment w/Governor Palin

: Swift Boat III
With thirty days remaining in the campaign, the McCain-Palin campaign has adopted swift-boat III. Governor Palin was out apparenlty yesterday calling William Ayers, a 60's radical, a Pal of Barack Obama. I was glad to see that the Obama Campaign came out with a swift response. This is the kind of gutter politics that must not b tolerated by anyone. I spoke up for Governor Palin. I do condemn her stance in thinking that she's more American than the rest of the us who disagree with the Republican Ticket. I have seen NOTHING except talk about reform. Many of us are trying to look ahead. Yet, our conservative friends and the McCain-Palin campaign seem to want to fight the last election. Let's focus on the future!!!

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Black Friday......

: Tough Times......
As the Bailout package was debated in the House yesterday, here is just a sampling of the news that was coming out:

1) 159,000 Jobs were lost in September


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