Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘economics’

… Right Idea , Wrong Reason [#Ca water rates]…

Posted by paulfromwloh on Sunday,December 11th,2016

.. well , at least those idiots out on the left coast are beginning to feel the pain . But for the wrong reasons …

.. California water customers need to be sensisized to the cost of their use of water . As a result , the price of water needs to rise , and by quite a bit . Then and only then will water users habits begin to change . But not until then …

.. [h/t — Newsmax.com]..
.. [link] to the blog news post ..

.. unfortunately , right now , the water rates are rising because of conservation , not because of price sensitivity . Oh well , at least they are beginning to get the message , slowly but surely …

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… What Happens When You Do Something Dumb [#the $15 min wage]…

Posted by paulfromwloh on Tuesday,November 15th,2016

.. companies make changes ..

.. it is called substitution in economics ..

.. why ?? …

.. [h/t — theGatewayPundit.com]..
.. [link] to the blog post ..

.. many of Mickey D ‘ s employees are transitory [transitional] . They do not stay at the restaurant all that long . Sometimes , the store finds someone that is special , and they invest the time and man – hours in that person . But that does not happen very often …

.. so when folks do something that is economically stupid , such as adopting the $15 minimum wage , a company thinks ahead . They can see this coming . When it happens , they change . They ” substitute ” technology for human capital , and then the economics work again …

.. unfortunately , the lower – wage and lower – skilled worker pays the price . The company can and must become much pickier . It does pay them to pay more , but for a much higher – skilled worker . As in one who is likely willing to stay around the restaurant a good bit longer …

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… Will these Idiots ever learn ?? [#California water resources][#cuts]…

Posted by paulfromwloh on Monday,November 14th,2016

.. it seems that the state government in Sacramento is not getting the message . They keep ordering cuts in the water usage around the state , but the water users do not comply . Good luck in making them comply , though ..

.. the one real way to get people ‘ s attention and to change their habits in water usage is to make them price sensitive to it . Right now , the price of water in the state is subsidized . Even more so , the use of water in the state of California is also subsidized . Then people wonder how and why the demand for water continues to soar , why [in a drought] , the supply is constrained . It is time to get real about this , and not to live in fantasyland …

.. [h/t — Newsmax.com]..
.. [link] to the news article ..

.. the price of water has to be allowed to float to market levels . Then and only then will people start to get the message and begin to change their habits . Provisions can be made to cover the poor and the indigent with cut – rate water , but even they can learn a lesson . Once that is done , then other tech can be made much more competitive , and that stuff , such as water desalination plants , be made to be economically competitive …

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… It is Investment that Creates Jobs [#Supply Side Economics]…

Posted by paulfromwloh on Monday,November 14th,2016

.. whether you invest in human capital [people] or physical capital [machines or services] …

.. it is the supply side of the laws of supply and demand …

.. [h/t — TruthRevolt.org]..
.. [link] to the blog news …

.. it is a prime part of supply side economics . It works every time …

.. you have to encourage investment to get it . You have to have an environment that welcomes investment that gets more of it . You need a tax code plan that encourages long – term investment in capital , no matter what the form it takes …

.. ideally , there should be a balance between physical capital and human capital . The tax code and the financial environment should not discriminate between the two ….

— [update] — and , it works every time that it is tried , folks ! … it is simple , from the Laffer curve and the Laws of Economics …

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… Nice Going , ObamaCraps [#OCC price hikes]…

Posted by paulfromwloh on Saturday,October 22nd,2016

.. and are they loo – loos , folks ..

.. you are talking serious double digits , folks .

.. and these are the smaller states , too . None of the larger states have reported in , yet . But don’t expect them to have good news . Especially California …

.. [h/t — BloombergView.com(MeganMcArdle)]..
.. [link] to the news column ..

.. a pending trend : many of the folks are subsidized [around 85%] . Ouch ! …. Another : the folks that are being covered under OCC are generally older and sicker . That figures . Hate to tell you I told you so , but , I told you so , folks …

.. so will the news on OCC get any better ? Not likely . The regulators may want to keep a lid on price increases , but it will not work . Especially in the more conservative states . They do not want OCC to work , and they want their own people to be covered , but they also want them to learn a lesson . You cannot ignore the Laws of Supply and Demand , dummies !! …

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… California and the Drought [#Ohio]…

Posted by paulfromwloh on Tuesday,August 16th,2016

.. yea , this is where my home state comes in …

.. in Ohio , most of the state bills for water and sewer use together . The average bill these days [at least around here] is around $50 to $60 , but that is for a 3 – month period . Is it enough ? No , even with the plentiful supply [snowpack , rainfall , rivers , reservoirs , the Great Lakes] …

.. those bill are beginning to soar . Why ? First and foremost , our sewers are old , and are in drastic need of repair and replacement . Around this area , the City of Cleveland neglected the water and sewer systems for far too many years . Now , many projects are going on all at once to catch up . Boy , oh boy , are they going to cost a pretty penny . Our area ‘ s bills are going to soar as a result …

.. [h/t — Bloomberg.com(news)]..
.. [link] to the blog column …

.. there is alos a very major sewer project going on . WWe have to do it , whether we like it are not . It is part of a court – imposed settlement , so that is that . The project basically is building a massive set of storage tanks underneath the Greater Cleveland are . Those tanks will store the sewage water , then allow the plants to process it in an orderly fashion ….

.. If it sounds expensive , it is . It is scheduled to cost over $2.5 billion [at a minimum] . So we will pay a pretty penny for our upgraded sewer service . But , we will be paying a more accurage figure , something that is more like the economic cost of the water that we use , and the sewage water tha t we produce each day ..

.. At least here in Ohio , we are facing up to reality . California is not …

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… California and the Drought [#subsidies]…

Posted by paulfromwloh on Sunday,August 14th,2016

.. what is the simplest fact in California ..

.. the price of water is priced artificially low ..

.. what does that cause ? Plenty of problems …

.. [h/t — Bloomberg.com(News)]..
.. [link] to the blog column …

.. what does the act do ? the misallocation of resources ..

.. you do not get the most efficient use of water for the price that is charged …

.. so , how do you get it ? allow water to be charged for at market rates …

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… Be Careeful What You Wish For [#$15 minimum wage]…

Posted by paulfromwloh on Monday,July 25th,2016

.. you might actually get it …

.. lest we forget , people tend to forget the Law of Unintended Consequences..

branco cartoon ($15 min wage)

.. [h/t — ComicallyIncorrect.com]..
.. [link] to the cartoon …

.. the activist want a raise . Well , they get it . So , the raise backfires in their face …

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… A Superb Description of Net Neutrality [#Seton Motley]…

Posted by paulfromwloh on Tuesday,June 21st,2016

.. Seton is a net friend of mine ..

.. I am glad that I ran across this piece by Seton …

.. [h/t — theRightScoop.com]..
.. [link] to the Web Presentation ..

.. it gives a superb presentation about what ” Net Neutrality ” is , and what it is designed to do …

.. N.N. is designed to drive out private investment from the ‘ Net , and socialize it , leaving the government in charge …

.. scary thoughts , hey ! …

— update — this was written back in November . It is more pertinent now , more than ever . Especially now the the Federal Communications Commission has adopted the Net Neutrality rules in a very , very wrongful process . They did not even open up the rules for public access , much less public comment , before the rules were adopted . Also , they really do think that those rules will  stand up in court …

.. I do not think so …

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… California has Really Lost Its Mind [#minimum wage]…

Posted by paulfromwloh on Tuesday,April 12th,2016

.. it sseems California has turned into ” LooneyLand by the Bay . ” They keep adopting policies that test the patience and logic of the rest of the Union . Now they have done something that has really made then look totally insane …

.. they have now adopted a $15 / hour minimum wage ,effective in 2020 . Ho crazy is that ? Plenty ..

.. Has anyone in the California legislature and or the body politic bothered to consult many of the nation ‘s best universities , which happened to reside in California . They can tell you folks the God ‘ s honest truth , if you idiots would listen . Adopting a $15 / hour minimum wage is economically insane .

.. [h/t — NYPost.com]..
.. [link] to the blog column ..

.. you can bet that many of the surrounding states [and more than a few Canadian provinces] are oogling at California business , with their area ‘ s lower wage levels . Most of those are either moderate or conservative in politic , so theyare not likely to follow California ‘ s lead . They are likely to put California in either the stocks or the pillory post , and poach those businesses with offers of lower costs and lower taxes …

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… So , What is the OCs response to ” Tax Inversions ?? ‘ [#WBMG]…

Posted by paulfromwloh on Saturday,April 9th,2016

.. to bellyache . So , what else is new ?? ..

.. they act from one perspective . They believe that the company’ s tax revenue is theirs [the government ‘ s] , not the company ‘ s . So , they complain when a company [for tax purposes] puts its headquarters in a foreign nation . It puts the revenue [and income] out of reach for the U.S. government ..

.. Also , the OCs want the tax rate to be as high as possible . They want as much tax revenue as is possible . So , the higher the tax rate ,the better ..

.. [h/t — Reuters.com/business]..
.. [link] to the blog post ..

.. one thing that the OCs hate are ” tax havens . ” The O.C.s resent the business pressure that the tax havens put on countries to lower tax rates . In particular , the OCs believe in static tax analysis . They believe that if you cut tax rates , you lose tax revenue . Many times , that is not the case . Supply – side tax cuts are the proof , because they work every time that they are used ..

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… What Brand of ” Weed ” has POTUS …

Posted by paulfromwloh on Thursday,April 7th,2016

.. been smoking ..

.. all the economy has done is stabilize . It is not strong , not by a long shot …

.. it is aching for the promotion of investment . Right now , it is not getting it , and the lack of it show , very much , in the lack of strong and consistent economic growth . The result passes down to people ‘ s paychecks , even with the growth in the stock market …

.. [h/t — twitchy.com]..
.. [link] to the news post // tweets …

.. POTUS is in fantasyland if he thinks that his policies are responsible for this . They are not , not one bit . It is the actions of the Federal Reserve Board , assisted by the Department of the Treasury , that aree responsible for our current condition . It does not make our current condition nice and breezy , either …

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… Greece is headed for a Disaster of Colossal Proportions [#Grexit]…

Posted by paulfromwloh on Thursday,January 28th,2016

.. right now , Greece ‘ s exit from the Euro is only a matter of time . It is going to happen . But Why ?!?! …

.. Greece refuses to reform . Waaaay too much of Greece ‘ s economy is in the state sector . Their tax system is grossly inefficient . It does not collect the amount of taxes that it needs to …

.. Its banks are on the precipice . They are about to collapse . They have nobody but themselves to blame for this disaster ..

.. [h/t — DailyTelegraph.co.uk]..
.. [link] to the news article ..

.. it will take a long time for Greece to regain economic stability . Tsipras is done as PM . He and Syriza will be driven out of politics for their colossal mismanagement of the situation . They deserve it …

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… Ouch ! A Stunning Rejection of Maduro [#Venezuela][#Chavez][#socialism]…

Posted by paulfromwloh on Saturday,December 12th,2015

.. the Chavistas adopted economics [i.e. , socialism] , and look at what a grand old mess it has made : …

.. [-] oil — Venezuela is one of the most richly endowed oil rich nations in the Western Hemisphere . it is able to produce more than 2.5 million barrels / day , but the output has been sliding over the last 20 years . A grievous lack of investmest is the cause , and the Chavistas wonder why ?? …

.. [-] more oil more oil — Venezuela is also blessed with one of the largest oil shale regions in the the world . The region ,called the Orinioco , has an estimated 250 billion to 300 billion barrels of proven reserves . That would make it more than double the size of the reserves of any Middle Eastern nation . Yet , their development has barely scratched the surface . A grievous lack of capital investment is crying out to exploit this region. Guess why ??

.. [h/t — HotAir.com]..
.. [link] to the blog post ..

.. now all of the years of gross economic mismanagement has caught up to the Chavistas . Hugo Chavez has been dead and buried for a couple of years , but his successor , Nicloas Maduro , has to live with the economic RUINS OF WHAT Chavez – style socialism has wrought ..

.. The Venezuelan conservative opposition has [miraculously] won almost a 3/4ths majority in the Venezuelan national Assembly . With that majority [presuming Maduro and his cronies allow it to stand] , the opposition can do quite a bit to reform Venezuelan society ..

.. I wish them luck . Maduro and what is left of the remaining chaveztas will not make it easy for them to try to govern …

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… Video – on – Demand is Part of Hollywood ‘ s future [#economic model]…

Posted by paulfromwloh on Wednesday,September 9th,2015

.. well , surprise …

.. Hollywood is getting a peek at the economic model of the future …

.. and V.O.D. is going to be a part of it , whether they like it or not …

.. [h/t — Newsmax.com]..
.. [link] to the news article …

.. the hairy and botched dealings with the release , cancellation , and then re – release of ” the Interview ” [starring Seth Rogen and James Franco] is going to teach Hollywood several important lessons …

.. one , to be obvious is about computer security . It is not , how much it will cost you . It is a question of how much that it will cost you if you do not do it right …

.. another is V.O.D. …. Hollywood cannot ignore it any longer . Going with VODsimulataneous with a motion picture ‘ s release is going to become more and more common . It will also help to cannibalize the antics of movie pirates , by beating them to the punch …

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… A New York City Tragedy [#eric garner]…

Posted by paulfromwloh on Friday,September 5th,2014

.. this was a needless death .

.. what was the N.Y.P.D. harassing a guy over untaxed cigarettes , especially with N.Y.C. ‘ s obscene level of cigarette taxation …

.. [h/t — NYDailyNews.com]..
.. [link] to the video ..

.. New York state ‘ s rate of cigarette taxes is bad enough . Then New York City loads it on on top of the state ‘ s very obscene cigarette tax rates . So , what did they expect to happen ? Nothing ? Duh ! …

.. haven’t those idiots studied economics , especially the Laws of Supply & Demand , of Human Nature , and the Law of Unintended Consequences . Those idiots have one rip – roaring black market going , and the N.Y.P.D. has more important things to do than attacking citizens over untaxed ciggies and what are known as ” loosies . ”

.. contrary to popular opinion and talking heads , the worst that I think that these folks are going to get is a manslaughter rap . Murder ?? No ! ….

.. no , I am not excusing the cop ‘ s misconduct . He used an unprofessional act [the chokehold ] . The use of the chokehold has been banned , and the cops participating should have damn well known better . They could have ” tased ” the guy to subdue him if they needed to …

… I have been tased , and trust me , it is not fun . I did it as a test when I was considering actually buying one . I wanted to understand what it was to be on the receiving end . If I was going to possess one of those things , then I felt the responsibility to the public to understand what I was doing ….

.. I obviously would not want to be shot in order to learn how to use a gun . But , before purchasing one , I will go to a gun range so that I know what it is to hold a weapon , to holster it , to care for it , and to shoot it . I think that it would be a common – sense maneuver before buying a gun …

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… I would tend to wonder [#Q2 GDP]…

Posted by paulfromwloh on Sunday,August 10th,2014

.. the underlying facts on this one do not fit ..

.. especially with consumer spending . The spending by consumers makes up 65% of our economy . So , in the 2nd Quarter , consumer spending was up , but only by 2.5% …

.. and the Department of Commerce says our GDP rose by 4.00% in the 2nd Quarter ?? It does not make sense …

.. [h/t — HotAir.com]..
.. [link] to the economic report ..

.. also , I will tell you why . The amount of investment , or , to be honest , the lack thereof …

.. a lot of the upside in this is from inventory buildup . You have that with an expansion , but , if there is any falloff , then look out below . Also , you have a problem with the lack of gain in general investment . You really cannot have a sustained and strong expansion without it . That is what the ObamaCraps keep forgetting , if they even give a damn about it …

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… an Oil Price Shock [#a real possibility]…

Posted by paulfromwloh on Sunday,August 10th,2014

.. it is possible , and it is real ..

.. unlike 1974 or 1979 , it is not something that can or might be reversed by a ” snap of the fingers ” …

.. [h/t — OilVoice.com]..
.. [link] to the economic report …

.. with Libya ‘ s decline , the possible damage in Iraq , and premiums that could price into the market , due to the effects on the Gulf nations and Saudi Arabia in particular , it could get nasty …

.. also , now , Russia is a major producer . It is also very heavily dependent on oil revenue as a source of tax revenue for its Treasury . The Russians may not want to turn off the ” tap . ” But events may do it for them …

.. also , here in the U.S. , if it happens before November 2016 , the DemoCraps will be crushed at the polls . Even Miz Hillary cannot overcome the effects of disastrous policies from the ObamaCrap administration …

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… Nice Going , Hypocrite [a Liberal benefiting from … ] …

Posted by paulfromwloh on Sunday,June 1st,2014

.. from what ? ..

.. from Ronaldus Magnus ‘ tax cut plan …

.. [h/t — m.Newsbusters.org]..
.. [link] to the blog post // audio ..

.. Thom Hartmann is a loud – mouthed liberal . He is also a notorious hater of Ronald Reagan and all he stands for . Even with that , he and his wife started a business back in the ’80s on their own initiative . With their sweat , idealism , and hard work , he and his wife sold the business a few years later for quite a bit of money …

.. Thom Hartmann and his wife benefited from Reagan ‘ s tax cut …. and a listener actually got him to admit it …

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… Not a Big Shock [Employers dropping Health Insurance] …

Posted by paulfromwloh on Sunday,May 25th,2014

.. well , you can thank ObamaCrapCare for this .

.. not all of it , though .

.. with medical inflation still galloping along (contrary to the claims of the ObamaCraps and His Lordship) , employers have to do something . They are going to have to put with ObamaCrapCare for now , so , what happens …

.. [h/t — hotair]..
.. [link] to the blog post …

.. simple economics ! …

.. cost of providing health insurance , less …
.. OCC fine for employers ($2000 (oops)) , equals
.. bye – bye , health insurance …

.. hey , great , the employee gets a temporary boost in pay . The employer though , gets more cost certainty , because they and the employee know where that boost is going for , and why . Another dandy : That boost is taxable to the employee .

.. when the employer buys health insurance , they get to use before – tax dollars . It means that the cost of the insurance comes off of the employer ‘ s taxes as a cost of doing business . Not so for the employee . The employee has to use after – tax dollars …. Bummer ! …

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… Nay – Nay , Kickstarter [#Gosnellmovie.com]…

Posted by paulfromwloh on Friday,May 9th,2014

.. the movie is going to get funded , anyway ..

.. so far , the Gosnell project has raised nearly $1.68 million to date . Another $420,000 is still needed ..

.. [h/t — TruthRevolt]..
.. [link] to the blog post ..

.. and it was done without the help of you scumbags at Kickstarter

.. Thank you , and God Bless You , IndieGoGo !!  …

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… The Enrollment Numbers will Cause Problems [#ObamaCrapCare]…

Posted by paulfromwloh on Wednesday,April 23rd,2014

.. it is not just in the 18 to 35 year old bracket ..

.. it is in the older citizens ‘ bracket .. given that we are living longer , and longer , and longer …

.. [h/t — Newsmax]..
.. [link] to the post ..

.. for insurance to work properly , the risk has to be spread out across the risk pool . The problem with ObamaCrapCare is that community rating flattens the cost curve . It pulled the curve down for the older folks , but it pulled it waaaay up for the young …

.. the risk pool needs the young in appropriate numbers in order for it to work . Just ask the insurers . It is their business . They know how it works . And ObamaCrapCare is screwing it up …

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… Bill O Reilly cooks POTUS …

Posted by paulfromwloh on Monday,March 17th,2014

.. this one is from his Talking Points memo the other night …

.. it is about POTUS and his so – called ” executive action ” to change and supposedly update the overtime rules . Whether POTUS has the legal authority to do so is highly up to question …

.. Bill hammers POTUS for hypermanaging our country ‘ s economy over the last five years . He especially nails him for being an academic , a theoretician , who looks at the world as he wants to see it , instead of dealing with the world as it is …

.. [h/t — TruthRevolt]..
.. [link] to the Talking Points Memo …

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