Author Archives: Les AuCoin

I’m Sorry, But … Isn’t Newt “Chucky?”

Newt

For 20+ years, I’ve tried to figure out where I’d seen Newt before. Then I saw this ad about Hollywood’s evil toy doll, Chucky. I don’t ordinarily comment on a person’s looks, but I think Newt may be Chucky. I mean, when was the last time you saw them together?

Being silly today, but sometimes that’s fun. Beats reading about the Solicitor General doing pratfalls before the Supreme Court.

Chucky


Gridlock Isn’t A Condition, It’s a Winning Strategy

The bronzed urchin of the lower House.

Too many “good government” types think Washington gridlock is a correctable condition. They’re of course wrong. Gridlock is a political strategy that goes beyond stopping a Democratic president and Congress. It produces proactive rewards for the conservative Right by slowly reducing government because it stops the growth of social programs that aren’t automatically adjusted for inflation.

Nolan McCarty, the author of Polarized America, writes, “It has a conservative effect, especially on economic and social policy. First, it makes it difficult for government to respond [budgetarly] to economic shocks. Second … over the the long term the level of non-indexed benefits will converge to the levels preferred by the most fiscally conservative pivotal decision maker … .”]

The feral chipmunk of the upper House"

“As an example of this phenomenon, consider the Federal minimum wage. While there have been numerous unsuccessful attempts to index it to the cost of living, absent new legislation, inflation erodes its real value. Absent deflation, the status quo is always moving in a conservative direction.

“Today’s partisanship has especially conservative effects because Republicans in Congress have moved far more to the right than Democrats have moved to the left. Poole and Rosenthal’s data, based on roll call votes going back over a century, show a very sharp move to the right by GOP members in just the past fifteen years. Democrats have headed left, but at a slower pace.”

True facts …


It’s Damn Tough Being Master of the Universe Anymore

Courtesy of the Huffington Post: “On Wall Street, there’s some feeling that things just aren’t what they used to be.”

“The industry that many allege played a fundamental role in the financial crisis is now dealing with the ramifications of the meltdown, albeit in its own way. The prospect of smaller profits combined with public ire over banker pay — including that from the Occupy Wall Street movement — means that many in the finance industry are saying they believe that the culture of huge bonuses and paychecks may be over forever, at least according to one ex-Lehman banker.

“The feeling is compensation is never really going to come back, which is something entirely new,” an anoymous ex-Wall Street worker told New York Magazine as part of their Workplace Confidential series. “After the tech bubble, no one questioned it wouldn’t come back. We all knew it would. Now it’s different. It’s just no fun.”

Just no fun! Hell is this, a salt mine?

But, all’s not lost, Pilgrims. While banks’ executive compensation may be dipping, over there at Goldman Sachs, compensation as a share of revenue is slated to go up to 44 percent from 39.3 percent, according to the New York Times, a trend that is common on Da Street.


Calling a Brief Timeout

Not that it’s an earth-shaking announcement  or anything, but I’ve decided to dedicate all my available hours in the rest of the month and February to meeting a big editorial deadline.

My silence does not connote agreement or disagreement with any of the world’s madness that’s sure to transpire! My best advice: keep your heads about you and hold onto hope.

I’ll be back in March. Wish me luck, please, with the “Second Edit” of my much neglected manuscript

G’night and good luck …


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