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Stimulus Economics from an Immigrant’s Perspective

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Stimulus Economics from an Immigrants Perspective
Paraphrased from Nikola Lakic

The economy was terrible and nearly everyone in town was depressed over debt that they could not collect. It seemed as though every business had an account receivable that was overdue. To make matters worse everyone in town was carrying debt that they could not pay.

One day a government agent came to town with instructions from the fearless leader to stimulate the economy. The agent entered the struggling hotel and flashed a $100 bill stating his intention to stay the night if the accommodations were up to par. The innkeeper took the $100 as a deposit and allowed the government agent to inspect his rooms before deciding on whether or not to stay.

As soon as the agent was out of sight, the innkeeper ran across the street to pay the butcher the $100 that he owed him for last month’s meat bill. The butcher quickly drove to the farmer who had supplied the meat and paid the $100 invoice that had been overdue for some time. The farmer who wanted to conceal his collections from his wife hurried to the town prostitute to pay for services previously rendered. The prostitute had an overdue bill at the same hotel that the government agent was considering staying at so she headed to the hotel and handed the $100 to the innkeeper.

After that rapid sequence of events the agent of the government returned to advise the innkeeper that his accommodations were not satisfactory and that he wanted his $100 deposit back. The innkeeper promptly returned the $100 and the agent left town.

After the agent’s departure, the innkeeper, the butcher, the farmer, and the prostitute were all in a great mood since they were all out of debt and had collected that which they were owed. The attitude of the town was transformed from depression to optimism, all debts were wiped out, and all of this came about with nothing really being done. The stimulus was declared to be a resounding success by the fearless leader who naturally took credit for it.

Roberts Stadium Coming Down with Greenspace to Follow

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Mayor Lloyd Winnecke today announced that his choice for Roberts Stadium in spite of the six possibilities for the stadium is the wrecking ball. In the short term arrangements will be made to demolish Roberts Stadium and the acreage will be turned into a green space.

No developer came forward with a proposal to fund any of the ideas that have been floated for Roberts Stadium even though it has been known for over a year that there were poosible opportunities available for interested parties. It is believed that the seats from Roberts will be used to replace the old seats at the Mesker Amphitheatre. It has not been disclosed when the $100,000 of painting and bleaching that are needed at Mesker will be done.

The War Over Class War: The Economist

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Excerpts:

“For those who see such comments as tantamount to storming the Bastille, Barack Obama’s recent behaviour might bring to mind St Petersburg in 1917. According to Mr Romney, he is attacking nothing less than capitalism and the free-enterprise system. An article in Forbes magazine calls Mr Obama a “socialist in the European reform-Marxism tradition” although not, to be fair, “a communist of the cold war tradition”.”

” The main evidence of Mr Obama’s proletarian sympathies is a couple of advertisements recently released by his campaign depicting Bain Capital…In one, downtrodden former employees of a steel mill in which Bain Capital invested describe the firm as a “vampire” which “sucked the life” out of the business,…These ads are unfair, of course, ignoring as they do Bain Capital’s many successful investments, fudging Mr Romney’s role and leaving out many mitigating details.”

” Mr Romney is fond of saying that Mr Obama has no idea how the economy works and how jobs are created. The way the Obama campaign talks about Bain Capital suggests that his criticism is correct. Mr Obama, as noted above, likes to insinuate that there is a conflict between pursuing profits and creating jobs. In the long run, however, in a competitive economy, that is nonsense. Only profitable firms can sustain any jobs, and the more profitable they are, the more money they have to invest in new ventures with new workers. Mr Obama is guilty not of rhetorical excess but of economic muddle. That is far more worrying.”

Link to Full Article:

http://www.economist.com/node/21556243?scode=3d26b0b17065c2cf29c06c010184c684

IS IT TRUE June 6, 2012

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The Mole #??

IS IT TRUE June 6, 2012

IS IT TRUE the voters of Wisconsin repudiated the recall of Governor Scott Walker last night by an unforeseen margin of 7% which was 2 points (40%) more than he defeated Mayor Barrett by in the Governor’s election of 2010?…the Lt. Governor who was also the subject of a recall election for the same reasons was also confirmed to her position?…that of the 4 Wisconsin State Senators who were also subjected to recall elections driven by self interest 3 of them all Republican prevailed?…that the Wall Street Journal this morning is calling this a “Victory for Self Governance” and characterized the recall elections as a “clear choice of small government ideology” in a state that has not voted Republican in a presidential election since the 1984 Reagan landslide over Mondale?…the WSJ article is on the following link?

http://online.wsj.com/article/SB10001424052702303830204577448991023586970.html

IS IT TRUE that neither candidate for President of the United States took an active role in the Wisconsin recall elections?…that President Obama didn’t utter a peep until Monday night when he simply tweeted (Twitter message) that he supports Barrett?…that one of this writers most liberal friends is a born and raised in Madison lady who would rather be dead that vote red?…that last night we exchanged emails about President Obama’s tepid participation in the Wisconsin recall?…that she referred to the President by every derogatory term known that would translate into “self serving coward”?…the term used most often started with chicken and ended with **it?…that Gina has vowed not to support the Obama campaign in November?…that if many other Wisconsinites are as incensed as Gina that the exit polls that showed Obama in the lead last night will be about as accurate as the plethora of polls that were showing the recall election as a tie right up until the last vote was counted yesterday?

IS IT TRUE that now a full 4 years after Mayor Weinzapfel proudly announced a deal in which Browning Investments would be building a $40 Million convention hotel with 4 Stars in downtown Evansville, we have spent $75,000 to learn that Evansville needs roughly a 3 Star hotel with 250 or so rooms and that we can expect it to cost just over $30 Million?…that this is the equivalent of a 6 year old taking 4 years to learn the ABC’s?…that the Ford Center and The Centre are 4 Star or above facilities and now we are being told to settle for a freeway hotel to serve them?…to put anything less than a 4 Star hotel that complements the Ford Center and The Centre is not any more acceptable than putting a trailer between two $350,000 houses?…if we just want to cheapen up downtown Evansville that sticking a freeway hotel down there is the way to do it?…the same words that Gina used to describe the President fit this plan perfectly?

IS IT TRUE we must remind our readers that there was a perfectly genuine overture made to the Winnecke Administration this year to refurbish the McCurdy into what it was meant to be and the call was not even returned?…a refurbished McCurdy would be unique, contain the desired number of rooms, command the kind of rates to have a chance at financial success, and complete a perfect triangle of venues with the MLK Entertainment district, the McCurdy, and Aztar making up the triangle?…this is worth real consideration and we hope that this discussion begins before running out to waste more time on collecting bids for a freeway hotel that will not event be considered “convention” worthy?…someone needs to look into the financial performance of the Fort Wayne convention center and hotels before heading down that same rabbit hole?

Vanderburgh County Felony Charges – 6/4/2012

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Evansville, IN – Below is a list of felony cases that were filed by the Vanderburgh County Prosecutor’s Office on Monday, June 4, 2012.

Brittany Brock Operating a Vehicle While Intoxicated Endangering a Person with a Passenger

Less Than 18 Years of Age – Class D Felony (Two Counts)

Krystal Duerson Operating a Vehicle as an Habitual Traffic Violator – Class D Felony

Brian Garrett Battery Resulting in Bodily Injury – Class D Felony

Possession of a Controlled Substance – Class D Felony

Resisting Law Enforcement – Class A Misdemeanor

Criminal Recklessness – Class B Misdemeanor

Cameron Martin Dealing in Cocaine – Class A Felony; Possession of Cocaine – Class B Felony

Richard Murphy Intimidation – Class C Felony

Dinada Shields Theft – Class D Felony

Donald Williamson, III Battery Resulting in Bodily Injury – Class D Felony

Ford Center Inaugural Season Numbers

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Evansville, Ind. – On Tuesday, June 5th Ford Center Executive Director Scott Schoenike presented the 2012
first quarter update to the Evansville Redevelopment Commission. Schoenike reported that the facility hosted
60 event performances during this time frame. Since its opening in November 2011, Ford Center has generated
over $16 million in sales of tickets, merchandise, food and beverage and other items. Throughout its inaugural
season, the state-of-the-art facility hosted 118 events and drew residents to Evansville’s downtown while
spurring additional business growth. “Our first season of operation has proven to be a success due to the
overwhelming support of Evansville and the region. Ford Center has become the catalyst for economic
development in Downtown Evansville,” stated Schoenike.

FORD CENTER INAUGURAL SEASON NUMBERS

6,869,134 ounces sold of beverages
339,951 units sold of beverages
47,528 units sold of popcorn
28,436 units sold of soft pretzels
24,499 units sold of hot dogs/sausages
22,277 units sold of nachos

IS IT TRUE June 5, 2012

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The Mole #??

IS IT TRUE June 5, 2012

IS IT TRUE the City County Observer is solidly on track to exceed ONE MILLION PAGEVIEWS in 2012 and continues to grow readership depth and breadth?…with some good election related traffic in the second half of the year that another year of over 50% growth in readership is highly probable?…that what some still refer to as a fledgling blog has maintained its lead in total time online readership over every other local media outlet and the Louisville Courier Journal during what is traditionally a downtime for local political news?

IS IT TRUE Earthcare Energy is how supposedly going to make and interest payment $381.47 tomorrow which is contractually sufficient to cover the interest on a $200,000 loan the Economic Development Loan Committee approved without City Council knowledge?…this is just one more example of the inept contract written by and signed by the City of Evansville?…that this is just one more indication that this little debacle is heading for court or a settlement in Earthcare’s favor due to the foolish way the Winnecke Administration managed the people of Evansville’s money?

IS IT TRUE that polling now indicates that 38% of the American people now reject both political parties and consider themselves to be independent?…the 38% of independents is larger than the percentage of supporters who respond that they are either Republicans or Democrats?…that the combined percentage of people identifying with one of the major parties is down to only 60% which is an all time low?…that the CCO thinks that independent thought was the most important thing that the United States of America was founded on and encourages independence at the polls?

IS IT TRUE that the son of Sean Combs (Puff Daddy or P. Diddy) is coming under fire for being offered an athletic scholarship at UCLA?…the reason that Diddy’s son is attracting all of this scrutiny is because his father is a very rich man from a long and successful career in entertainment?…that to raise a ruckus over the fact that Diddy is wealthy when it comes to an athletic scholarship for his son is simply preposterous?…that if Sean Comb’s son is one of the elite performers in his sport and UCLA want him to become a Bruin that the price of his athletic services is a scholarship and he should get the scholarship just as an athlete from a poor family should?…that anyone who seriously thinks that Diddy’s son should not get an athletic scholarship because his father is wealthy is an entitlement minded person driven by envy and needs to come to grips with the fruits of talent?

IS IT TRUE today is another day of opportunity for the Winnecke Administration and the Evansville City Council to start the VETTING of the Johnson Controls deal that Mayor Weinzapfel shoved through without City Council approval two days before he left office?…that the sooner that Mayor Winnecke learns that everything that Mayor Weinzapfel did was not perfect and should be subject to VETTING is one day sooner that Mayor Winnecke can start to become his own man and not be seen as a surrogate of the ex-Mayor?…that the Winnecke campaign was awarded a 2011 Mole award from the City County Observer for running a transparent, open, and highly professional campaign?…that we stand beside the award that the CCO presented the Winnecke campaign with?…that we have seen how professional and competent of an organization that Lloyd Winnecke can assemble and encourage him to be as good at serving the people of Evansville as Mayor as he ran his own campaign for that office?…that a critical part of being that person is leaning how to VET and assuring that VETTING is done on every project?

VHS Pet of the Week: “Burrito”

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Greetings from Burrito, a 2-month-old neutered Am Staff Mix. Burrito is super sweet and will be an excellent addition to just about any home. He does ask to meet any potential K9 roommates before going home. He is still very much a silly puppy and might be to energetic for some older, quieter dogs. Burrito would benefit from some basic obedience classes to help him with his manners and also give him a chance to socialize with other people and dogs. A home with children would be great for this silly boy, he’ll definitely bring a lot of life and love into your home. For more information on Burrito, visit us on the web at www.vhslifesaver.org or give us a call (812) 426-2563.