Archives For October 2012

via Jack Welch: I was right about jobs report – Oct. 9, 2012.

Welch, the former CEO of General Electric, had previously contributed content to Fortune, but following critical coverage of his comments on the jobs report and tenure at GE, Welch said in an e-mail Tuesday that he was terminating his contract with Fortune.

In his WSJ op-ed, Welch suggests that the reaction to his criticism of “the ruling authorities” was something he would expect in Soviet Russia or Communist China. “Nope,” he wrote, “that would be the United States right now, when a person (like me, for instance) suggests that a certain government datum (like the September unemployment rate of 7.8%) doesn’t make sense.” Continue Reading…

Its All In The Editing….

October 30, 2012

Now that I have passed the 1,000 post mark on this blog and have managed to get a regular and growing following I thought I would give you some “secrets”on blogging.  Even though I am just an ordinary guy and not a Pulitzer prize winner I think I have some wisdom to offer beginning bloggers. Continue Reading…

via Due Diligence: Where the candidates differ on foreign policy – CBS News.

The president wants the military to focus more on nontraditional threats like al Qaeda, and no longer wants the United States to serve as the world’s policeman. He noted on Monday that America spends more on the military than the next ten countries combined – which you only say if you think America is carrying too large a burden.

It can be difficult to tease out differences between the candidates on specific issues. But when it comes to the larger, overarching philosophy, there is a clear difference: Romney wants to spend more money to expand America’s traditional military role in the world, while the president wants to transition to a new era in which America plays a fundamentally different role. And that philosophical chasm is more important than the lack of difference on many individual issues. Continue Reading…

I am putting aside my usual Sunday post about things that inspire me in order to tell you about two milestones that are happening today in my life.

The first milestone is that today is my 66th birthday so I have officially survived my first full year of single-payer system health insurance. I have to tell you that it was great. Continue Reading…

Source: Defense cuts could further dim US jobs picture – Life Inc..

There are thousands of civilian jobs related to the war effort, and cutbacks in defense spending have already led to reductions in these defense-related jobs, including direct government positions or those with defense contractors.

Outside of slightly more federal money spent on citizen’s safety nets the defense budgets are the biggest use of our tax dollars.  We spend more on our military than the rest of the world combined. As shown by the quote above and the source article one of the arguments our hawks give us for maintaining our military spending is that it creates much needed jobs. The graph below provided to me by my friends at the American Friends Service Committee show that the same money could produce many more jobs if spent outside of our military complex. The only reason we spend as much as the rest of the world combined on our military is because our politicians and generals have chosen to make us the policemen of the world.

Continue Reading…

via Colin Powell endorses Barack Obama for president – CBS News.

When he took over the country was in very, very difficult straits. We were in the one of the worst recessions we had seen in recent times, close to a depression. The fiscal system was collapsing. Wall Street was in chaos, we had 800,000 jobs lost in that first month of the Obama Administration and unemployment peaked at 10 percent. So we were in real trouble. The auto industry was collapsing, the housing was started to collapse and we were in very difficult straits. And I saw over the next several years stabilization come back in the financial community, housing is now starting to come back after four years, it’s starting to pick up. Consumer confidence is rising.” Continue Reading…