The recent turmoil in Libya and consequent upswing of oil prices have serious ramifications for the US economy. Obama has either fumbled his way to an attack on the oil industry, or he and the oil industry are working together to push up prices. Either way, Obama's performance has been so bad that it is worse than Bush's. As someone interested in reforming the GOP, Obama's performance is discouraging. The public is going to take any Republican, even George W. Bush, over the president who is single handedly destroying the American way of life and the American economy.
One would think that while Obama's policies have harmed global oil supply, he would raise exploration and development of domestic sources. But he has done the reverse. He has cut back on domestic supply while his incompetent foreign policy decisions have reduced global supply. The failure of Obama's energy and Middle East policies directly follow two years of incompetent handling of the US economy, massive monetary expansion and passage of a destructive health care law.
The eight worst presidents in American history, starting with the worst, are:
(1) Lyndon Baynes Johnson
(2) Abraham Lincoln
(3) Woodrow Wilson
(4) Barack Obama
(5) Theodore Roosevelt
(6) Franklin D. Roosevelt
(7) George W. Bush
(8) Richard M. Nixon
Of course, Obama has two years to go. What new incompetent steps will O bring to bear on American society? Time will tell.
Wednesday, February 23, 2011
You're Hired/You're Fired
Sharad Karkhanis received a number of e-mails from CUNY faculty and staff concerning my essay concerning the Petersen-Overton/Dov Hikind controversy at CUNY. The firing received mass market newspaper coverage. Sharad asked me to respond to a handful of the criticisms in a special issue of his newsletter, which goes to about 13,000 faculty and staff. I reproduce the issue below. Sharad is working on another issue that will focus on another article I am writing concerning the failure of the current leadership of one of the nation's largest faculty unions, CUNY's Professional Staff Congress, which is run by left wing extremists.
THE
PATRIOT
RETURNS
PATRIOT
RETURNS
CUNY Faculty Speak Out
You're HIRED/You're FIRED/You're HIRED
PETERSEN-OVERTON FIASCO AT BROOKLYN COLLEGE
You're HIRED/You're FIRED/You're HIRED
PETERSEN-OVERTON FIASCO AT BROOKLYN COLLEGE
As in the past, the Editor of The Patriot Returns has received a number of responses from its readers to an article by Prof Mitchell Langbert in the recent TPR (54.1) We are providing to you a small sample with the author's responses to these comments.
Letters to the editor:
1) FACULTY COMMENT: Pretty impressive that someone can write an article about this case without once mentioning the role of Dov Hikind. The Times wasn't able to neglect Hikind's central role in the affair, but Professor Langbert does. Of course, mentioning Hikind, the former discipline of Meir Kahane and the Jewish Defense League, would have revealed that dismissing Petersen-Overton had far more to do with politics than academic credentials.
2) FACULTY COMMENT: You interestingly make no mention of the Dov Hikind letter which lead to Petersen-Overton action. If you seek to use cause and effect to characterize personnel decisions then you need to be honest. An investigation of what impact the Hikind letter had and who at CUNY responded to it would tell us a lot. Was this merely a personnel matter or did ideology have something to do with it?
AUTHOR'S REPLY: I reference three news accounts of the story that provide information about Assemblyman Hikind's letter. I also state that the administrators stated that they had made up their minds prior to hearing of Petersen-Overton's political views, that there are two sides to the story, and that the facts are not fully known. You are right that Assemblyman Hikind wrote a letter to the administration, as is described in the news accounts and in PSC President Bowen's letter, to which my piece is a response. Note that the above two respondents' point ought to be applied to President Bowen's letter, which contained no references to the statements of the Brooklyn College administration. I wonder if the writers raised the reverse question concerning President Bowen's letter. As well, the first letter above echoes President Bowen's shrill name calling and adds a whiff of anti-Semitism.
3) FACULTY COMMENT: We would be happy to hear the facts in this strange firing/rehiring case, but unfortunately with you also they seem to be mainly about pro-Israel/anti-Israel, which, if it is the base of this, is really embarrassing for both sides. That consideration should not have a place in an academic hiring decision, unless we believe that the liberal arts are just group politics, in which case they don't belong at a university anyway.
Since my promotion was also denied in my first attempt, I wonder if, according to your description, I should have claimed to be discriminated against and taken a lawyer. I did not do that because a colleague did that a year before, and got her promotion that way against repeated department vote; such things do damage to the department. Outside interference is not good for department hiring practices.
AUTHOR'S REPLY: The politicization of the social sciences and humanities has become an impediment to their credibility. It is unfortunate that they are unlikely to reform themselves from within because of conformity processes akin to what Irving Janis has called groupthink. The social sciences and humanities insist that political advocacy is legitimate academic practice and then deny that they are politicized. Public respect for universities will diminish.
FOLLOING SELF-EXPLANATORY COMMENTS STAND ON THEIR OWN
1) FACULTY COMMENT: Whatever your position is in this case, I have a general question to both you, PSC and the BC Administration: Should colleagues with only an M.A. or with status of being in a doctoral program be teaching graduate courses? I believe that this issue needs to be addressed.
2) FACULTY COMMENT: I've been watching the scuffle on Petersen-Overton with interest and disgust. I'm a doctoral student at … also a graduate (many years ago) of …, and I'm dismayed at how easily my fellow doctoral students threw their support behind the idea of academic freedom and free speech without looking into whether this case is a fair representation of those ideas.
3) FACULTY COMMENT: I appreciate your statements in The Patriot Returns.
4) FACULTY COMMENT: Great post. Keep up your efforts to uncover the truth.
5) FACULTY COMMENT: I learned a new word today--"gasconaded."
6) FACULTY COMMENT: Great piece
7) FACULTY COMMENT: I suggest that one thing that should be looked into I will ask that in the UFS is that Master's courses are taught by doctoral students. This is not good; if they cannot maintain the MS program with faculty, they should close the program.
Sharad Karkhanis, Ph.D.
Professor Emeritus
Editor-in-Chief
Professor Emeritus
Editor-in-Chief
Issues of The Patriot may be accessed at
http://www.patriotreturns.com
Archived editions are available at
http://www.patriotreturns.com/archive.htm
http://www.patriotreturns.com
Archived editions are available at
http://www.patriotreturns.com/archive.htm
Tuesday, February 22, 2011
New Ruling Takes Sledge Hammer to Ulster County's Economy
Vacation home construction drives the economy in my home town of Olive, New York. The reason is that the Democratic Party-dominated government, led by Congressman Maurice Hinchey, Assemblyman Kevin Cahill, Assemblyman Sheldon Silver and Governor Andrew Cuomo, have regulated and taxed away productive economic enterprise. Population in Ulster County, New York has grown at one third the national rate as children have fled (often contrary to Democratic-voting parents' wishes) to Republican states like Colorado and Texas. Not satisfied with the scope and extent of their economic devastation, the New York State Department of Taxation and Finance has recently won a case that is likely to accelerate it (h/t Glenda McGee).
The widely discussed case concerns a Connecticut couple who own a vacation home in the Hamptons. They do not frequent the home. They pay income tax to the state of Connecticut. The New York tax code says that a cottage is not a permanent residence. It also says that if you spend 183 days in the state then you are a permanent resident. For the first time, the courts have held that you are a permanent resident even if you never spend time at a permanent vacation home.
The ruling, recently affirmed in the New York State tax appeals tribunal, will reduce property values throughout the state. In New York City, the state can now claim that wealthy business executives from Europe and Texas must pay income tax to the City. Many will sell their apartments instead. On Long Island, many wealthy people own houses in the Hamptons but live as far away as Texas and Hollywood. These too are going to face pressure to sell rather than pay ten percent of their incomes to New York State.
The same is true in Ulster County. Here, numerous New Yorkers own vacation homes in the Town of Woodstock, whose median income is the county's highest. But a sizable percentage, perhaps ten percent, come from other states, especially New Jersey. The effect will be downward pressure on property values. There is also the question of people who live full time in Ulster County but own second homes in New York City. Will they have to pay New York City income tax even though they do not live there? This also could contribute to downward pressure on property values as they sell the second property in New York City.
Taxation interferes with property rights. Since economic progress depends on property ownership, more aggressive tax systems such as are evolving in New York will be accompanied by fewer rights concentrated at higher levels. New York's socialists imagine themselves to be egalitarian, but they are friends of plutocracy. As aggressive taxes hamstring middle income Americans, the super-rich, who can afford to pay multiple income taxes, are able to purchase property at lower values. George Soros reaps significant benefits from his contributions to the Democratic Party as the rest of the country becomes poorer and, thanks to the Democratic Party and the Rockefeller Republicans, income inequality is increased.
The widely discussed case concerns a Connecticut couple who own a vacation home in the Hamptons. They do not frequent the home. They pay income tax to the state of Connecticut. The New York tax code says that a cottage is not a permanent residence. It also says that if you spend 183 days in the state then you are a permanent resident. For the first time, the courts have held that you are a permanent resident even if you never spend time at a permanent vacation home.
The ruling, recently affirmed in the New York State tax appeals tribunal, will reduce property values throughout the state. In New York City, the state can now claim that wealthy business executives from Europe and Texas must pay income tax to the City. Many will sell their apartments instead. On Long Island, many wealthy people own houses in the Hamptons but live as far away as Texas and Hollywood. These too are going to face pressure to sell rather than pay ten percent of their incomes to New York State.
The same is true in Ulster County. Here, numerous New Yorkers own vacation homes in the Town of Woodstock, whose median income is the county's highest. But a sizable percentage, perhaps ten percent, come from other states, especially New Jersey. The effect will be downward pressure on property values. There is also the question of people who live full time in Ulster County but own second homes in New York City. Will they have to pay New York City income tax even though they do not live there? This also could contribute to downward pressure on property values as they sell the second property in New York City.
Taxation interferes with property rights. Since economic progress depends on property ownership, more aggressive tax systems such as are evolving in New York will be accompanied by fewer rights concentrated at higher levels. New York's socialists imagine themselves to be egalitarian, but they are friends of plutocracy. As aggressive taxes hamstring middle income Americans, the super-rich, who can afford to pay multiple income taxes, are able to purchase property at lower values. George Soros reaps significant benefits from his contributions to the Democratic Party as the rest of the country becomes poorer and, thanks to the Democratic Party and the Rockefeller Republicans, income inequality is increased.
Saturday, February 19, 2011
Toward Centillion Dollar Deficits: How Big Can They Get?
I never knew the number after one trillion. Until the Bush and Obama administrations there was little need for the trillion number. I suspect only mathematicians, physicists and astronomers needed to know their names. Now, trillion dollar deficits are routine, and the federal government is gearing up its printing press to go even further. Soon, we will see quadrillion dollar deficits. But what comes after quadrillion?
I looked up the names of numbers on Wikipedia. It won't be too long before we see centillion dollar deficits (10 to the 303rd power; in contrast one trillion is 10 to the 12th power).
From Wikipedia:
I looked up the names of numbers on Wikipedia. It won't be too long before we see centillion dollar deficits (10 to the 303rd power; in contrast one trillion is 10 to the 12th power).
From Wikipedia:
| Name | Short scale (U.S. and modern British) | Long scale (continental Europe, archaic British, and India) | Authorities | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AHD4[1] | COD[2] | OED2[3] | OEDnew[4] | RHD2[5] | SOED3[6] | W3[7] | UM[8] | |||
| Million | 106 | 106 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Milliard | 109 | ✓ | ✓ | ✓ | ✓ | |||||
| Billion | 109 | 1012 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Billiard | 1015 | ✓ | ✓ | ✓ | ✓ | |||||
| Trillion | 1012 | 1018 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Quadrillion | 1015 | 1024 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Quintillion | 1018 | 1030 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Sextillion | 1021 | 1036 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Septillion | 1024 | 1042 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Octillion | 1027 | 1048 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Nonillion | 1030 | 1054 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Decillion | 1033 | 1060 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Undecillion | 1036 | 1066 | ✓ | ✓ | ✓ | ✓ | ||||
| Duodecillion | 1039 | 1072 | ✓ | ✓ | ✓ | ✓ | ||||
| Tredecillion | 1042 | 1078 | ✓ | ✓ | ✓ | ✓ | ||||
| Quattuordecillion | 1045 | 1084 | ✓ | ✓ | ✓ | ✓ | ||||
| Quindecillion (Quinquadecillion) | 1048 | 1090 | ✓ | ✓ | ✓ | ✓ | ||||
| Sexdecillion (Sedecillion) | 1051 | 1096 | ✓ | ✓ | ✓ | ✓ | ||||
| Septendecillion | 1054 | 10102 | ✓ | ✓ | ✓ | ✓ | ||||
| Octodecillion | 1057 | 10108 | ✓ | ✓ | ✓ | ✓ | ||||
| Novemdecillion (Novendecillion) | 1060 | 10114 | ✓ | ✓ | ✓ | ✓ | ||||
| Vigintillion | 1063 | 10120 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Centillion | 10303 | 10600 | ✓ | ✓ | ✓ | ✓ | ||||
Labels:
deficit,
federal government,
quadrillion,
trillion
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