Regnat Populus

The people rule.

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The site has moved.

Posted by Max Barron on June 1, 2009

Ladies and gentlemen,

I am pleased to report that the new website is now officially live. This wordpress blog will no longer be updated. All new (as well as old) content will be posted on the new website located at: http://www.UncannedResponse.com

I hope that you will continue reading my posts and passing them along to your friends. Thank you all for your continued patronage and I look forward to seeing you all over at Uncanned Response.

ur-design02-01-banner

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New Site Soon

Posted by Max Barron on May 28, 2009

Readers. Some of you may be wondering why there hasn’t been an update in the last few days. I assure you, there is good reason – and no, it isn’t laziness. I am in the process of building a new site, hosted on my own domain. I meant this to be a good surprise for you readers out there – and I meant it to be up and running now. But, alas, it has been a time consuming venture – and thus I haven’t had time to work on posts here. Sure, I could just throw something together and posted it… but I prefer to put real effort into publishing a higher quality of post. Quality is paramount. Not just for my own satisfaction, but also for that of you, the reader. (Ironically, I say this as I “slap” this post up).
The same quality standards apply to the new site. I easily could go with some generic theme and have everything up there for you to read… but that just wouldn’t be right. Rather than slap something into php and call it a day, I am working tirelessly to bring you a positive experience that I hope you will enjoy.
That said, the new site will hopefully be up and running within the week – I make no promises – though, it will be sooner rather than later.
Until then, there may be a few posts that spring up sporadically as I take breaks from staring at php and css code until it turns into an oddly shaped sailboat – like those optical illusion pictures, popular in the 90s.
Thank you for your continued readership and patience.

Best Regards,
Max Barron
Regnat Populus!

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Humble Appologies

Posted by Max Barron on May 18, 2009

Many appologies to my readers for lack of updates. I am afraid that my computer has suffered complete hard drive failures… With those failures came the catastropic loss of data. I have spent the better part of the weekend recovering that data and am currently in the process of installing my operating systems and then software. Once completed I should be back up and running.
In the mean time please feel free to make use of the recommended reads links. Those sites are great!

Wish me luck. Once again, a thousand pardons for the outage.

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Update: GM Gets Bailed Out, Then Bails Out – UAW To Eventually Own GM

Posted by Max Barron on April 28, 2009

 

UPDATE:  (For the original post click here)

I hate to say it… but I was right. 

It looks as though the Fedzilla will be snatching up 50% of GM, the UAW gets 39%, and the bondholders (who have the most invested – $27.2 billion) get screwed with 10%.  This according to The Washington Post.

Government ownership is an unfortunate outcome of this, not a goal,” said one person familiar with Obama administration deliberations and who spoke on condition of anonymity in order to preserve his relationships with officials. He said the government “could have gotten nothing for something, or something for something” and that it insisted on a 50 percent stake to leave open the potential to recover some of the $18 billion the Treasury Department has already lent GM and the additional $9 billion that it would inject under the new plan.
….
Meanwhile, however, bondholders pose a major stumbling block to the restructuring. Under the proposed offering which GM filed with the Securities and Exchange Commission, investors holding $27.2 billion of GM bonds would swap those bonds for 10 percent of the equity shares of the restructured company. The United Auto Workers would get up to 39 percent of the company in return for half of the $20 billion GM owes to a health fund for retired workers. Current shareholders would get 1 percent of the new shares.

Essentially what we have here is a good old fashioned shakedown – Chicago style.

  • Fed invests $18.4 billion – This translates to a %50 share.
  • UAW is owed $10 billion – This translates to a 39% share.
  • Bondholders invested 27.2 billion – This translates to 10% share.

Someone call every accountant and mathematician, we’ve had it wrong all of this time!  Obamanomics 101, those who have least amount invested gain the most amount of shares – Fedzilla is of course the exception to the rule, as it will always get the biggest piece of pie.  There the whole world was thinking that the MORE one invests the more shares they get… Glad that’s been cleared up.

The simple fact of the matter is that this was the goal the entire time.  A full blown, gun to head hostile take-over, so brazen and obvious that even John Dillinger would marvel at it.  Granted, the bondholders have to sign on to this agreement for it to take place.  Which isn’t likely given that for the proposal to carry 90% of bondholders have to sign on.  Considering that they paid $27.2 billion – 10% share of stock is paltry.  However, if they don’t sign on GM will be forced into bankruptcy court and the outcome will likely be much the same.  Of course, the Fedzilla Chief Executive Stooge, Fritz Henderson eluded to as much.

But a letter to bondholders that was part of the GM prospectus issued yesterday warned that “if we seek bankruptcy relief, you may receive consideration that is less than what is being offered in the exchange offers and it is possible that you may receive no consideration at all for your GM notes.”

Asked about the fairness of the deal, Henderson said that the Treasury dictated the terms for the bondholders, requiring that their future stake be limited to no more than 10 percent of the company. “We went to the maximum and offered the 10 percent,” Henderson said in an interview.

If this were a bank robbery those statements would be the equivalent of a burst of gunshots fired into the air.  Only in this scenario the part of Dillinger is played by Obama, Gettlefinger as Baby Face Nelson and the bondholders are the citizens being forced to lay down and empty their pockets.

One must wonder who will play the role of Purvis?

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Humerous Palate Cleanser: Crowder Punks Perez Hilton.

Posted by Max Barron on April 23, 2009

Perez, you vile nasty little worm… Consider your punk card officially pulled.  Crowder knocks this one out of the park.  I’m in tears, here, real tears… and my sides are killing me!

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Good Question. Perfect Answer.

Posted by Max Barron on April 17, 2009

When asked what the biggest problem with the American Government is:

I responded: “Liberals think that it’s the Americans. Conservatives know that it’s the government.” Sums it all up nicely doesn’t it?

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Oh That Joe!

Posted by Max Barron on April 17, 2009

joe-biden

Our man Joe “Lunchbox” Biden was in Jefferson City, Missouri giving a speech to the local union at the ABB Transformer Factory on April 16th about the “New Economy” that he and Obama are building.  The following are a direct quotes from his speech and my rebuttals and/or snarks.  It’s Joe, so you know there is much much more gas-baggery than what follows, but these are the sections that somewhat made sense. 

Folks, before I begin my formal remarks, since I have that bad reputation of telling it straight, I want to tell you something. I always feel good when I got the UAW behind me, in front of me, to my right and to my left. I wouldn’t be in office without you all. (Applause.)

What you mean to say, Joe — may I call you Joe? Is that you have a reputation for flights of fancy befitting a senile old man and the imagination of an eight year old with ADD.  I am certain that you do feel right at home with your union pals, who, as you truthfully said, put you in office.  What does that tell us, Joe?  The negotiations with GM, the bailouts and the Congressional probes all have one thing in common, and one primary beneficiary.  Political reparations?  Say it ain’t so, Joe. Say it ain’t so!

We started in what they call the Executive Office Building, making an announcement for what will amount to more than a $15 billion investment in — what, $13 billion investment in high-speed rail — good jobs, an economic future that understands our energy needs and how to save it and how to connect this country in a way.

First, everyone calls it the Executive Office Building.  That’s its name, Joe.  No need to pomp yourself up by announcing to your union friends that you were actually IN the Executive Office Building, as if it is impressive.  It’s kind of like a middle aged man trying to pick up women at a bar by skillfully employing the “I’m important, and know important people” tact with lines like: “So there I was, in the White House…”  Or do you just like the way the words roll off of your tongue?

As for the $13 billion dollar high-speed union pay off, er… um high-speed rail system.  This wouldn’t happen to be anything like the high-speed train that connects Las Vegas and Disneyland would it?  Secondly, railway transportation hasn’t been economically viable for the majority of people and companies for a long time in this country.  We have cars.  They’re cheap, efficient and on demand.  Why would we trouble ourselves by using your high-speed rail system?  Are you honestly expecting us to pick up the tab for a railway system that we will inevitably subsidize when it fails to turn a profit, like say, Amtrak?  You know about Amtrak, don’t ya, Joe?

You guys are just right here at the beginning, you’re in the ground floor — the ground floor of what could be the economic engine that not only gets us out of this doldrum we’re in, but literally, literally propels this nation to be able to lead the world in the 21st century the same way we did in the 20th century.

For starters, I wasn’t aware that we had stopped leading the world.  I also wasn’t aware that you and your buddy, Barack, wanted to see the U.S. continue to lead… Of course, I’m just basing that on the economic, social and foreign policies that you two have put forth. 

Joe, I know how much you love the unions, but do you honestly want our economic engine ran by the same people that are at the very least half responsble for the failure of GM and Chrysler?  I know that unions put you in office, but don’t you think that at some point political pay backs and senility stop being excusable excuses?

As you heard, because of the investments from the Recovery Act — and you all, we use these terms like the Recovery Act. That’s where Barack Obama went to the Congress and did something no one has ever done before. He said, I need another $787 billion now — now — to go out now and invest in this economy, save jobs, to create jobs. We’re not going to wait. We’re not going to wait. Too many of your brothers and sisters are really in hard times.

Yes, Joe.  Everyone around you is too stupid to know what the Recovery Act was.  What I find laughable, Joe, is that you continue to call it a Recovery Act.  Even with all of the evidence put forth that suggests… scratch that.. flat out states that the Recovery Act is a complete sham that does nothing but waste tax payer money.  Generation Theft Act is far more fitting.  Don’t get me wrong here, Joe, I know that your union friends are in dire straits right now.  The billions upon billions already spent to prop them up are falling short.  Fear not, union brethren, the American Tax Payer will save you!

And so we did something amidst — in the midst of an economic downturn that had never been done before. And then he made a big mistake. He said, Biden, you’re in charge. (Laughter.) And I’m proud to be in charge of how this money is going to be spent, and whether or not we spend it in an unusual way — completely transparent for all the world to see; completely accountable so we answer for what we’ve done, and efficiently.

Other than the sheer volume of money spent, Joe, there is nothing new about deficit spending during a recession.  I know, I know, you invented the idea first, Joe.  Just like Al Gore invented the internet.  Of course, the common sense adage “you can’t spend your way out of debt” isn’t new either. 

Where you will get no arguments from me is “And then he made a big mistake. He said, Biden, you’re in charge.”  How does that saying go?  Ninety percent truth is said in jest.  While I am certain that you ARE proud of being in charge of that money… I find it frightening.  I know that you’ll spend it in undoubtedly creative and unusual ways.  The transparency… not so much.  You know, kind of like the last rounds of bailouts.  Tell me, Joe do you guys have a clue where that money went yet?  The only thing transparent here is your false humility.  Oh, one pointer, if I may.  Never use the term “efficiently” in the same breath as government.  The thought is too laughable to be taken seriously…. You know about being laughable, don’t ya, Joe?

Ladies and gentlemen, we put in a tax system of financial incentive. It’s called a production tax credit.

Ladies and gentlemen, President George W. Bush put in a tax system of financial incentive. It’s called a production tax credit.  Sorry Joe, W. signed this into law, which was due to expire on Dec 31, 2008.  However, he signed an extension that extends these credits until the end of 2009. 

 So now with those efforts we’ve spurred the state’s largest wind energy development, generating roughly — electricity just in this one project. This is just one example around the nation to generate enough electricity to power at least 50,000 homes. Clean energy, clean energy. Renewable energy — not needed to be imported. No one has to do anything except the wind blow.

 WOW! A whole 50,000 homes?  Tell me, Joe, how much is this project costing?  How much would it have cost to build a Nuclear plant in its stead — which would power far more than 50,000 homes?  Of course, wind is renewable… when the wind blows.  Isn’t that the problem with these monstrously large wind farms?  The fact that they only work when there is enough wind.  Otherwise they simply occupy HUGE swaths of space that could otherwise be used to develop industry that will actually help the economy.  Or you could leave the land natural so that the “precious” animals of this planet have a place to live…  Isn’t that part of the whole Green Movement?  Seems counter-intuitive to use up five times the land mass for less than a portion of the energy that would produced by a single nuclear plant.  Of course, that is only IF the wind blows constantly, which it doesn’t.  Unless we can count on you, Joe, to hold speeches near wind farms round the clock… Heck, that may actually power a city.

How many think we’d have so many troops stationed in that area of the world if we didn’t need the oil? You know, if you add the actual price of oil, it’s probably $10 more a barrel just by the military we have to provide to be able to ensure those oil lanes stay open among other things.

Ahhhh, there it is.  The obligatory anti-military and anti-Iraq War invective.  Good Ol’ Joe, you just couldn’t resist an opportunity to take a stab at Bush and the Iraq War at the same time.  It was simply too easy, right?  You know, Joe, if we rid that area of tyrannical regimes and terrorist groups that would hold the entirety of the West hostage through energy we wouldn’t NEED to provide military security FOR those shipping lanes.  Not to point out the hypocrisy here, but this coming from the same guy who repeatedly called oil and energy a matter of national security during the campaign.  The last time I checked, Joe, national security in foreign countries is handled by the military.  Not to mention the fact that several of those countries have ASKED for help in securing their shipping lanes.   So until we are free from foreign oil… we HAVE to secure it.  We aren’t going to get there by setting up windmills.  We’ll get there much quicker and more efficiently through nuclear energy and domestic drilling.  Of course, we can’t do that, can we, Joe?  It makes far too much sense.

Hard workers like you are the core — the core — literally the core of that glorious heritage. And together we’re going to once again lead the world in peace and prosperity. And it starts by building a foundation, a foundation for a new economy. And it’s going to be built on your shoulders, on your ingenuity, and your hard work. I promise you that. I promise you that.

There is no doubt that the American worker is the core of our glorious heritage.  Unions? Not so much.  Where I draw blanks here is “…a foundation for a new economy.”  Who says that we need or want a “new” economy?  I think that history shows quite sufficiently that Capitalism is the best economic system.  The U.S. didn’t grow to be the world’s strongest and wealthiest nation through facism, Joe.  We got here through Capitalism.  We don’t need a new system, nor do we want one.  The one we have now has worked just fine, and will work just fine if you and your ilk would simply leave it alone! 

There is no doubt that your vision of a “new economy” would be built on the backs of hard workers and American ingenuity.  With proper regulation, beauracracy and “fairness”, of course. 

In effect, what Joe is saying is that he and Barack want to spend another $37 billion on political payments and hot air.  Don’t you worry, America, we’ll be footing the bill… AGAIN. 

Joe, I know that all of  this may have come off as harsh, condescending and sarcastic; not too unlike yourself.  But we can still be friends, right?  I mean, can I still call you Joe, Joe?

 

For a full transcript of the speech click here — courtesy of Fox News.

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Returning…

Posted by Max Barron on April 16, 2009

As you may have noticed, I have been on a two month hiatus from blogging. Between work, family and responsibilities I’ve had to let my blog slowly die off. It is my intent to once again breath new life into it. It will not be an easy task as many of my regular life duties remain… and summer is fast approaching. Those of you who know me know that summer is my season. I spend virtually all of my spare moments on my motorcycle. However, if you have been following my Twitter Feed (<–shameless plug) you know that I have also recently succumbed to the power of the dark side… I bought an iPhone. Now, in theory, this should allow me to continue my updates from the road. I won’t promise this yet, because it is untested, and let’s face it, I have a tendency to discard cell phones when I’m on the bike. I will, however, promise to try. In the mean time, feel free to drop me a line via email, comment or Twitter if there is some subject matter that you would like to see covered.

Time to dig in my heels and get to work….

Update: I now have WordPress on my iPhone. You see? I’m doing everything that I can to remove any and all excuses for not updating… At least until I get back in the habit.

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Blog In Progress

Posted by Max Barron on December 25, 2008

Welcome to my soap box.  The last time that I blogged anything… they weren’t even called blogs yet.  I’m going to take a leap and try to get back into it.  So this is my work in progress.  I will probably get around to rebuilding the pages themselves and uploading them.  That may be a ways off though.  Slowly but steadily I’ll get this thing moving.  I’ll be doing my best to regularly post up something.  Life keeps me busy so I may not get it everyday. I will, however, broadcast each new posting on Twitter.  So if you are on Twitter, you can find me @ http://twitter.com/faitaccompli  if you follow me, then you’ll always know when there is new drivel here for you to read and comment on.

If there is something that you would like my opinion on feel free to let me know what topic or question you have and I promise that I will blog about it.

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