Monday, December 26, 2016

Seen and Unseen

The other side of manufacturing job loss: Global Trade Is Why Your Television Did Not Cost $6,200 Like It Did in 1964

Automation has also destroyed manufacturing jobs while benefiting consumers.* As automation creeps into other industries, it becomes a much bigger threat than foreign labor. We need a leader with a plan for that challenge, not one who wants to raise consumer prices through protectionist tariffs.

Bringing offshored jobs back - when most of those jobs are going to be automated out of existence - is the opposite of visionary.

*U.S. manufacturing productivity has steadily increased since 1950.

Monday, December 19, 2016

No, really

The WaPo says, The electoral college is thwarting our ability to battle global warming
[T]he electoral college will have a lasting legacy on all of our lives through climate change. The combination of two administrations headed by presidents who lost the popular vote has and will slow our progress down, and that delay contributes to an ever worsening global climate problem.
You needn't bother to RTWT.

Wednesday, December 14, 2016

A Phish Called John

How John Podesta's email was hacked.

Oh, those dastardly Russian phishing trawlers. Hillary lost the election because they used an ultra-sophisticated hacking program only a State-sponsored entity could deploy. Then they used mind control rays to get Podesta's aide to click on a suspicious link.

A 10 year old script kiddie could have pulled this off, even if he wasn't a Nigerian Prince.

And, let’s not forget that what Podesta’s emails mainly revealed was the actual rigging of an American election by the DNC: The Democratic primaries. It’s why Debbie Wosname Schultz resigned as DNC Chairman.

Monday, December 12, 2016

Hacking the easy things first

There are suggestions by the CIA that Russia hacked the Democratic National Committee and John Podesta's email for the purpose of helping Trump win the election. The FBI disagrees. The CIA also apparently claims the Republican National Committee was hacked, but the Russians deliberately withheld release of any information gathered by that hack.

Reince Priebus denies the RNC was hacked, and says that after conferring with the FBI.

An alternative explanation for the hack of the DNC and Podesta is that some entity other than Russia easily found the means to get into those servers via Hillary Clinton's unprotected private server. There's more public evidence pointing to that than there is to the Russians.

Update: Dec 13 10:50AM
Top U.S. spy agency has not embraced CIA assessment on Russia hacking

Sunday, December 11, 2016

The $7 million being taken from Indiana taxpayers and given to Carrier

...(a United Technologies company) is really small potatoes.

If you take nearly a billion dollars in government carrots and the Feds are a big client, where do you hide when Trump swings the 35% tariff stick? Behind your lobbyists?

Thursday, December 08, 2016

Cronies and corporatists

The Myth of Clean Politics

Exactly what I've said about lobbyists. If they can't turn a favor or donation into a multi-million dollar contract or sweetheart regulation they'll stop lobbying.

Monday, December 05, 2016

Carrier

The President Elect's success in keeping 1,000 Carrier jobs in Indiana is great PR. While it depends in part on 7 million dollars in state tax rebates, the silver lining is that this might cause people to wonder why all businesses don't get such a tax break. At the Federal level Mr. Trump is promising exactly that, as well as reducing the Federal regulatory burden.

Unfortunately, he's simultaneously proposing another regulation, reviving his threats of a 35% tariff on goods produced by American based companies if they move manufacturing overseas. Apparently, this won't apply to Trump apparel since it's always been made in China, Vietnam, Bangladesh, Mexico or other countries where labor is cheaper.

Like George W. Bush's steel tariffs, this is a bad idea that would damage American consumers (including businesses) to favor a small group of workers.

Some (Chao, De Vos and Mnuchin aren't exactly swamp drainers) of his choices for Cabinet positions have been good, so it's too bad he's keeping his campaign promises on trade. Mr. Trump's businesses have depended on government subsidies and regulatory exemptions and he's showing every sign that he thinks that's good "industrial policy."