Closing Thought–18Dec18

The old say…”All’s well that ends well” may not be the best slogan to describe 2018…..

The one thing that Trump could point to in the past to keep his people in line is that the economy is doing well….in the last month the economy is tanking and tanking badly….from a high of 27000 to the plunge to around 23 and some change…..

The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month, the AP reports. Longtime market favorites like Microsoft and Amazon took heavy losses Monday. Health care companies also fell sharply. A measure of small-company stocks fell into a bear market, a decline of 20% below their recent peak. The market is now well into the red for the year and the S&P 500 index is trading at its lowest level since October 2017. The S&P 500 fell 54 points, or 2.1%, to 2,545. The Dow lost 507 points, or 2.1%, to 23,592. The Nasdaq composite lost 156 points, or 2.3%, to 6,753. (Read more stock market stories.)

Is this a prediction of a recession coming true?

Romancing The War

War re-enactment is a popular way for us Americans to remember our history…..down here where I live it is Civil War re-enactment……every year we have the weekend of reliving the famous battle of the Mississippi Coast….the problem is it is all made up there was NO famous or otherwise battle of the Mississippi Coast…..but yet the locals romanticize the death and destruction of the Civil War.

My question is….WHY?

In his book The Red and the BlueSteve Kornacki offers an illuminating and concise history of the birth of contemporary political tribalism in the United States, tracing its origins back to the 1990s in the defining political contest between then U.S. President Bill Clinton and the Republican Speaker of the House, Newt Gingrich. In retrospect, cast in a Long Edwardian Summer nostalgia, followed by the attacks of September 11 and the ensuing war on terror, the 1990s were indeed a time of political turmoil in the U.S. that periodically discharged into acts of political violence and terrorism, culminating in the Centennial Olympic Park and Oklahoma City bombings. Although political tribalism was not the direct cause of these acts of domestic terrorism, commentators at the time noted the poisoned political climate made such violent manifestations at least more likely.

Curiously, the rise of political tribalism in the 1990s, similar to the 1960s, coincided with a general rise in interest in the U.S. Civil War, America’s bloodiest and most costly political conflict. Since its conclusion in April 1865, the Civil War, cloaked in Lost Cause mythology, has inspired anti-federal government and white supremacist ideology like that of William Luther Pierce, a fierce defender of the antebellum South and the author of the dystopian racist novel The Turner Diaries, which inspired the Oklahoma City bomber, Timothy McVeigh. The depiction of the Civil War in print and film in the late 1980s and early 1990s appealed much more to the broader masses than it had in prior times.

I wish I could give a good reason why adults want to play war……but I got nothing.

Pay Less And Save!

There has been a debate (if it could be called that for all the lies told) about affordable health care…..there have been all sorts of plans and all of them have favored the industry over the society……GOP is in the pockets of the industry….the Dems are kneeling in front of the industry with their pockets wide open……and in the end the people continue to be screwed daily by the industry….

What if I could show you a way to pay less for medical care to the tune of $5 trillion savings in ten years?

“Medicare for All promises a system that is fairer, more efficient, and vastly less expensive than America’s bloated, monopolized, over-priced and under-performing private health insurance system.”

Confronting the question most commonly asked of the growing number of Americans who support replacing America’s uniquely inefficient and immoral for-profit healthcare system with Medicare for All—”How do we pay for it?”—a new paper released Friday by researchers at the Political Economy Research Institute (PERI) shows that financing a single-payer system would actually be quite simple, given that it would cost significantly less than the status quo.

“It’s easy to pay for something that costs less,” Robert Pollin, economics professor at the University of Massachusetts Amherst and lead author of the new analysis, declared during a panel discussion at The Sanders Institute Gathering in Burlingon, Vermont, where Pollin unveiled the paper for the first time.

That is a lot of money that could help our deficit…..but to be honest the figures are stretched to the limit to make the point….I doubt is the savings will be that high…..but the savings will be there.

The US military budget is such a bloated monstrosity that it contains accounting errors that could finance two-thirds of the cost of a government-run single-payer health insurance system. All Americans could visit an unlimited array of doctors at no out of pocket cost. At least that’s a notion spreading on left-wing Twitter and endorsed and amplified by newly elected Rep. Alexandria Ocasio-Cortez, one of Democrats’ biggest 2018 sensations and an undeniable master at the fine art of staying in the public eye.

Unfortunately, it’s not true. The idea spread like a game of telephone from a Nation article to the US Congress while losing a crucial point of detail: The Pentagon’s accounting errors are genuinely enormous, but they’re also just accounting errors — they don’t represent actual money that can be spent on something else.

You would think that if the savings are there then why do not more politicians embrace it if they are truly working for the people and not for their bank accounts?

Just a thought.