Holy Smokes, What are they Smoking?

Republicans continued to take aim at their own feet today when the House decided not to take up a bill that would have provided a two month extension to the payroll tax cut.  I am not sure that I know the reason other than it must be a tea party snit fit.  The whole tax cut extension debate smacks back to the summer and the willingness of the House Republicans to shake the confidence of the world in the US willingness to fund our debt.   Have no doubt, these are the kind of people that would shoot your dog for barking, yell at your kids for walking on their lawn, and make fun of the poor.

My favorite GOP point about the tax cut is that "it ought to be funded."  

May be we should repeal all the Bush tax cuts unless they were funded.  Stunning and deafening silence.  Of course, but the GOPers are the world's biggest hypocrites on that front.  Oddly though, there are some of them  that are angry at George W. because he created massive systematic deficits by cutting taxes without addressing spending.  Of course, one can abort history, and all they had to do was "just say no."   So, like I tell my kids, if you did it, then you've got to own it.

Sorry my Tea Party pals, but you guys are just as responsible as George W.

What ever that Koolaid is that they are drinking, I think it is time to cut off Newt's supply.  Perhaps we could just abolish all courts and elect Newt King of the United States.  Sheesh.

I will, however, point out my dismay that Obama seemed to take personal claim to the US getting Osama.  Obviously it was the culmination of years of hard work but the intelligence agencies and the military.  A gutsy call, but lets be real

Kind of reminds me how Republicans seem to attribute the fall of Communism to Reagan, even though it was the culmination of years policy that started after the end of World War II.

Please grow up before you screw this country up for even a longer time.

Are Entrepreneurs Patriots and why Taxing the Rich is OK

I spend some of my time attending venture capital (VC) meetings where companies with novel products seek out investors for their products.  The products are a mix of common sense applications, sure misses, and some technological brilliance.  Many of these ideas are developed at public universities, which have offices whose sole job it is find companies to move that technology into the private sector.  Other times the idea comes from an expert teamed with engineers who come up with a solution to an identified problem.

There is nothing automatically unhealthy about all this - thought it comes with a couple of observations:  the research at public institutions sometimes seems poorly focused around economic realities and the research often done at significant public expense does not seem to provide much return on investment to the public.   The first problem is, I think, largely a problem of how we fund research in this country.  The government puts a lot of tax money into research, without enough thought given to what it will mean economically.  This is not intended to slight basic research, but what I see coming out is often too far from what the VCs want.  The second issue is that the deals seem to heavily put the money into VCs, but gain little back to the institutions, where this money could fund other research or fund the education of future researchers.

I suspect other countries do a better job of this.  However, I've talked to some Canadians once and it seemed like the government was funding the research and then taking the next step of developing the products - then they would sell the product farther down the line.  This smacks of government being in direct competition with the public, which seems like a very dangerous path to follow, since the government never will never go out of business because it is inefficient or makes bad decisions.

Yet, letting "entrepreneurs" cherry pick the best things coming publicly funded research and turning big profits without a big pay back isn't great.  It is an insiders game.  Further, I've seen the very same people tying up the IP (intellectual property) in the US, but then developing the technology abroad where they can profit more quickly.  Again, cherry picking the intellectual fruits of the US education system, but blocking the development in the US while they profit from it abroad.

No ones breaking the law and entrepreneurs are not patriots.  It doesn't mean they are evil or that their actions don't bring some great products to the market that benefit the US.  Sometimes they do.  That is when capitalism is working its magic.  However, the source of these victories is because we paid taxes,  those taxes got used to build universities, those universities educated engineers and doctors, and these people did their research of the public dime.   But we won't all benefit equally.  This is just the type of thing that the Occupy movement understands at an abstract level, without articulating the details.

We need a better way.  Probably one that has government work in a more directed toward economically useful findings.  And, when the money (taxes) society investments generates a great idea, we ought to at least fairly tax those that derive large benefits from them.

DC Circuit

OK - I enjoyed the cut of Bachmann taking down Newt in the GOP debate.  Otherwise no politics today.  Ron Paul is my favorite of the current pool of candidates.  He is the most consistent candidate in his libertarian positions.  He had a few nutty moments in the debate, I do believe he is speaking the truth as he sees it.

I completed a round trip from NC to "the District" and back in less than 11 hours picking my son up from college.  Sadly with all of my Father's troubles this fall I was unable to visit him at school during the fall.  I met a few kids in his dorm.  When I pulled up there was a kid throwing up into the garbage can outside the front door.  I presume some irresponsible post-finals partying, at least I hope so.

The ride back was pretty enjoyable.  George Washington was rated as the most political active school in the US and we talked about politics for about an hour and a half.

The school sent a rather humorous note about how my child would be changed from his first semester in school.  I can't really cover it hear, just to say that going to college for one semester is not an excuse for boorish behavior.  If he starts acting like they implied he might, he is going to have a rude awakening coming.

My daughter is still getting recruitment messages from different Division II and III schools.  Some of these schools I know and others I have never heard of.  Mostly they seem to have losing records.  Once we see what her SAT scores look like, we'll try to see if any of these schools match up.  I am not too fond of the idea of her going 8 hours away to play DIII lacrosse where I will never see it.

I guess DI schools and perhaps DII programs get solicited by enough players that they don't have to fish as hard for talent.  Probably even more established DIII programs have a same situation.

The weekend my plans are:  take the youngest to a party, get a Christmas tree, visit with my Dad, and do some work.   We're also doing luminaries on Saturday.  Should be a busy weekend.

Everyone else - have a great weekend.

Tell it ain't so - - - Newt is starting to fade

It looks like Newt may be starting to slip.  The GOP better find the Huntsman fast.  Otherwise they are going to find that Romney = Dukakis.  I'm just saying.

Huntsman has a historically conservative record . . . but we know what his mistake was . . . and you all remember watching him get off on the wrong foot.  I know the suspense is killing you, but he acknowledged that be thought that man's activities contributed to Global Warming.  I know, I know, Huntsman crossed the line and the base has yet to forgive him for it completely.   I think they will, eventually, but it may be a bit longer.

Huntsman's ability to actually take a position like could be magic in the general election.  The Global Warming Litmus test has never made a lot of sense to me for a couple of reasons, but, because it is kind of a recognized litmus test.  So Huntsman's ability to actually say something the majority will find reasonable, even at some political cost to himself within the base, he was able to do it.  Further, the guy is obviously very smart and very articulate.

It may be too late, but if the GOP rushes away from Newt, they may have to go to Huntsman.

Someone I'd like to talk about next is Ron Paul.

Trumpapalooza

Donald Donald Donald Donald ... the next you decide to run another episode of the apprentice hold a debate, please make sure that the apprentices candidates are willing to appear on your show.

I still like Trump, but he was not and is not a serious candidate for the Presidency.

So, we are left to decide whether this was true ego or just a poorly over estimated stunt in order to gain publicity.  I am banking on the latter, that it was a stunt gone awry.

Donald, my friend, please call up Sarah P. and arrange a few motivational talks in stadiums away from the cameras for a while.  You guys can look back on your days of glory.

A deeper question is whether the GOP primary process and sideshow nature of the primaries is going to continue long enough to hurt the GOP next November?  Greater minds than I will have to figure it out.  I kind of assume that it will settle down pretty soon once a few candidates run away.  But, this stuff is just too rich to not enjoy.

Meanwhile, Obama is slowly honing his message and act.  Must be making more than a few conservatives crazy with worries right now.

Sleep well my liberal friends, sleep well.

Will the Tea Party elect a Gingrich for Christmas?

Certainly Dr. Suess must be spinning in his grave.  Spray Newt green and add some facial hair, and you can almost see Jim Carrey’s version of the Grinch.  Who else but a Grinch to say that the Palestinians are a made up people and have no claim to the land where they were living.  Of course, at some point, Jerusalem may have been populated entirely by Jewish people.  However, if you are going to use that kind of grounds to expel inhabitants of the land and give it to someone else – then most Americans better start packing because – by Newt’s rules, we’re going to have return the continuous 48 to Native Americans.  I am sure Newt will give his house up first to demonstrate his high ideals (unless may be he is a hypocrite or something).

So who gives us Newt - certainly a much more dangerous candidate that Romney - none other than the world's angriest constituency:  the Tea Party.  They are angry because there exists a government that has the audacity to collect taxes.  Because they are angry they need an angry candidate.  Granted, they tried Rick Perry - but he wasn't ready for prime time.  They tried Bachmann - but she wasn't ready for prime time.  Finally, they figure out that Newt's actually smart enough to make Tea Party politics somehow sound rationale - and he can do angry.  

Bless his soul, though, because Gingrich may actually spare us serial candidate Mitt Romney.  Mitt's seems like a great family guy, but if you've spent the last 6 years running for President and failing, you are not meant to be President.  This also spares us the whole excuse that people don't like Mitt because he is Mormon.  No - he changes his positions like a wind vane and is weak.  What GOP candidate gets whiny about the way he is handled by a Fox reporter?  Really, the interview was too rough?  Aren't you supposed to be man enough to be leader of the free world?

So - take a few minutes to thank the GOP - because they have scored a Christmas hit.  The Grinch (oh I mean the Gingrich) is here for the holidays.  We still got 12 more shopping days to do - let's see what else appears under the tree!

PS - To prove things could get worse for me personally, we had to put down our older dog today.  We had him for 15 years, which is pretty old, but he had dropped from 18 to 14 pounds in about a month.  That can be many things, but nothing we were going to save him from.

PPS - OK - I got some perversely good news:  once I write off my losses for the year I won't owe almost any federal or state taxes.  Meaning, I will possibly be able to get all of my estimates taxes back.  That is like two years of tuition payments for my son's college.  Woo hoo.  (Yes - it also means that I made so little that my write-offs come close to equaling my profits - but I'm trying to be positive).

Commerative Blogging

Admittedly, I found that I have a tendency to make a bold statement or two about planned activities - only to abandon the effort. 

None the less, I will attempt to come back to this blog over the next year as a small tribute to my sister.  She died of a heart attack at the age of 54 in October.  My sister was a somewhat avid reader and supporter this blog, particularly my more extremist political posts.  She lived in Wisconsin where she was active in various left wing political causes, was a fan of the Ed Show, and supporter of numerous liberal organizations, such as the South Poverty Law Center (which I find somewhat annoying).

The past few years have been pretty tough:  my Mother died at the beginning of 2010, my business has shrunk from 25 employees to 15, my Father was diagnosed with Parkinson's, moved to be closer to us, and now is in the dying; and my sister passed away.  My Father has stopped eating very much, developed a bad wound, and mentally is often significantly disoriented.  Those are the bigger things, but there have been other defeats and insults along the way.

In any event, as I shrink down some of my efforts, I will try to take a little bit of that time to write.  Now that the world has been prematurely deprived on my sister's liberal outrage, I feel that she would have wanted me to express a little for her.


While  I am admittedly a bit beaten down, I hate to be a whiner.  I have numerous things to be thankful for, which is part of slowed down my blogging in the first place.  My kids have been gems - one a freshman at George Washington, a daughter who has good grades and is getting recruited to play lacrosse in college, and a wonderful middle school student.  My wife remains amazing.  Our dog Baxter is destroying significantly fewer things than he did previously.  I still have a business and a job (even though I did lose a lot of money this year).

So, what does the future hold?  Hopefully a better balance between the good and the bad. 

Peace to everyone!