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Money, wealth and the tortoise and the hare

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Posted: Thursday, September 27, 2012 12:00 am | Updated: 6:34 am, Thu Sep 27, 2012.

Lord knows that I’ve tried to help Barack Obama — I guess he doesn’t read the Lodi News-Sentinel. But hey, I’m not the kind of guy who gives up that easily.

I think the president’s biggest problem is that he doesn’t understand the difference between money and wealth. It’s pretty simple really; money is the product of government and wealth is the product of savings and investment. Of course, Mr. Obama believes that government, too, invests, but what he doesn’t seem to understand is that government tends to lose direction and waste energy.

It’s kind of like the story of the tortoise and the hare; on the left you have the hare — he runs for big government — on the right you have the tortoise — real wealth -— and he walks all the way to the finish line. Now it’s true that the hare (call him Barack O. Bunny) is very quick as he darts to and fro; but the problem for the silly rabbit is that he has no idea where he’s going. The tortoise (real wealth) on the other hand knows exactly where he’s going, and so he plods along in his deliberate fashion because that’s what real wealth always does. Meanwhile, Barack O. Bunny is running out of energy and getting desperate — must have been that Solyndra “investment.” So, seeing real wealth coming down the road, Barack O. Bunny tries to climb onto the tortoise’s back. But as everyone can see, real wealth is having no part of it.

So here we are, with real wealth at a standstill and a president who thinks he can just kick it back into motion. Fine, but I’ve got news for the president: He can kick wealth around all he wants, but he’ll kill it before he ever makes it move in the wrong direction. Believe it!

Stan Taves

Lodi

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Welcome to the discussion.

22 comments:

  • Darrell Baumbach posted at 6:25 pm on Sat, Sep 29, 2012.

    Darrell Baumbach Posts: 9405

    Oh yes, I hope Gingrich does do that. We then can populate the colonies with all liberals so they can eat all the cheese they want at government expense. Governor Moonbeam Brown can be their first leader...

    I cannot think of a better plan to improve the American economy. Isolating the liberals on the moon is a great solution.

     
  • Joanne Bobin posted at 10:19 am on Sat, Sep 29, 2012.

    Joanne Bobin Posts: 4488

    "Please consider an acre of land on Mars I own , please write a check for 500 million payable to me. I guaratee you will enjoy the results if you enjoyed and appreciated Solyndra."

    Or we could wait for Mr. Baumbach's first choice for president, Newt Gingrich, to build his colony on the moon.

    Go Newt, 2016!!!

     
  • Darrell Baumbach posted at 5:44 pm on Fri, Sep 28, 2012.

    Darrell Baumbach Posts: 9405

    Mr Heuer stated...BTW the use of the term "kool aid drinkers" is getting old ...

    Of course it has gotten old. If only the Obama Kool Aid drinkers would stop drinking it and begin the thinking process like a grown up, we could stop using that old worn out term...

    Solution... stop drinking it. Evidence that you are hoplessly too far gone is your comical assertion that Solyndra is not a bad investment... I bet even your daughter would laugh at you on that one... ask her tonight...

     
  • Andrew Liebich posted at 5:43 pm on Fri, Sep 28, 2012.

    Andrew Liebich Posts: 2999

    Is there a better term to describe these individuals? http://youtu.be/rKlYxTL5cSk

     
  • Thomas Heuer posted at 4:11 pm on Fri, Sep 28, 2012.

    nth degree wise Posts: 1653

    BTW the use of the term "kool aid drinkers" is getting old and has ost its iompact. It is rather juvenile much like the ?your mother wears combat boots" which everyone quit using by puberty. Anyone using the term(s) now appear imature.

     
  • Thomas Heuer posted at 4:06 pm on Fri, Sep 28, 2012.

    nth degree wise Posts: 1653

    Let me get this straight. "it was a "bad" investment because the government had already determined Solyndra was a bad risk." So he was FOREWARNED, " Obama stepped in and ignored the recommendation ...made a "POLITICAL" decision of make this investment which was likely to fail." Can you even fathom from what universe this makes sense. Not even on Mars. What political strategy does this subscribe to. It is more like Romney politics. Facing north on a soutn bound horse.

     
  • Andrew Liebich posted at 3:02 pm on Fri, Sep 28, 2012.

    Andrew Liebich Posts: 2999

    [lol]... http://news.yahoo.com/obama-blocks-chinese-purchase-us-wind-farms-181230948.html

     
  • Darrell Baumbach posted at 6:55 am on Fri, Sep 28, 2012.

    Darrell Baumbach Posts: 9405

    No Mr Heuer,.. this is not distortion in any way. Solyndra was not just unfortunate, it was a "bad" investment because the government had already determined Solyndra was a bad risk... Obama stepped in and ignored the recommendation to avoid the Solyndra plague and made a "POLITICAL" decision of make this investment which was likely to fail.

    When one invests in something that is bound to fail based on political considerations and not merit,, it is a "very bad" investment.

    What was unfortunate is that Obama used tax payer money to satisfy a political obligation he built. What is sad and unfortunate is that there are Obama Kool aid drinkers who think Solyndra was not a bad investment.

     
  • Jerome Kinderman posted at 5:01 am on Fri, Sep 28, 2012.

    Jerome R Kinderman Posts: 2365

    Not a "bad investment," just an "unfortunate investment." (Tomato/Tomahto) So it wasn't Obama's fault he hailed Solyndra as a result of his economic policies; it was China's fault the company duped the government. Good, now we can dispose of this little problem as a non-starter. Good grief!!

     
  • Thomas Heuer posted at 11:56 pm on Thu, Sep 27, 2012.

    nth degree wise Posts: 1653


    Yes Wa your correct.
    I'm not sure about what.

    Do I need to change anything?"
    You just name it

    Not ready for prime time players" and "isn't that special" were both from SNL. Since the letter was proposed by Darrell as an SNL skit the terms seemed to fit the moment.

     
  • Thomas Heuer posted at 11:44 pm on Thu, Sep 27, 2012.

    nth degree wise Posts: 1653

    Distortion is in progress. so for the record:
    As for Solyndra well it was not a bad investment it was an unfortunate investment. There were thousands of alternative energy investments made (I think I heard 38,00) and this one went bad. A couple others tetered and are restructuring with no jobs lost. The failure was that China decided to get in the game and started flooding markets with cheap solar. This created an unfair competition that crippled us. However this is just the reason we need to invest more to stay competitive in this future market. Many business's in this country are investing in solar for themselve because it is the way we are going to go. We can produce it or buy it from China.
    I welcome any comments based on the whole statement rather than the Fox news style parse of Darrells below.
    Anyone selling property on Mars is probably trying to sell you on other worthless information including his partisan politics.

     
  • Darrell Baumbach posted at 9:18 pm on Thu, Sep 27, 2012.

    Darrell Baumbach Posts: 9405

    Mr Heuer stated...As for Solyndra well it was not a bad investment

    Mr Heuer, I have a great deal for you, an equal investment to Solyndra...

    Please consider an acre of land on Mars I own , please write a check for 500 million payable to me. I guaratee you will enjoy the results if you enjoyed and appreciated Solyndra.

     
  • Walter Chang posted at 4:51 pm on Thu, Sep 27, 2012.

    Walt Posts: 1161

    "If not ready for prime time, why?"

    Dude, political comedy is more suited to late night!

    [beam]

     
  • Steve Schmidt posted at 4:49 pm on Thu, Sep 27, 2012.

    Steve Schmidt Posts: 2600

    Or, you can take the Willard "Mittens" Tortoise path to wealth and just be born with a silver foot in your mouth.

     
  • Darrell Baumbach posted at 3:45 pm on Thu, Sep 27, 2012.

    Darrell Baumbach Posts: 9405

    I know a man is intelligent when he can the complex simple and easy to understand...

    Thank you Mr. Taves for your intelligent letter.

     
  • Darrell Baumbach posted at 3:41 pm on Thu, Sep 27, 2012.

    Darrell Baumbach Posts: 9405

    I have never walked on Mars yet I know if I did, it would be quite cold Ms Bobin... One need watch these shows to have knowledge what they are all about...

    and... I was not attempting comedy Ms Bobin, I was reacting to the humor Mr Taves published.

    Lastly, there is nothing you could possibly say or do to burst my bubble Ms. Bobin as the content of anything you have to say is meaningless.

     
  • Thomas Heuer posted at 2:37 pm on Thu, Sep 27, 2012.

    nth degree wise Posts: 1653


    Jerome if you wanted to create a story based on a childrens tale wouldn't you cast yourself (or your opinion) as the hero of the story? Now wealth is a very broad term simply defined here as the product of savings and investment. It is depicted as slow and deliberate moveing. Government by contrast tends to lose direction and waste energy. To me government has always been the one slow moving. To me Obama has been slow and deliberate. That was the trait that changed my vote to him from Hillary. It was a trait I thought I saw in Romney during the primary and thought he was the adult in the room (hence why he got the nomination). He looks more like a confused rabbit (a moderate trying to still win the radical right base).
    The housing bubble and economic crash seemed to be the one darting around like a rabbit and so fast people really didn't know what was happening. Pushed unsecured mortgages, refis driving up prices, people scrambleing to profit, banks secritizing bundled mortgage, hedging their bets, insuring their bets, taking the whole mess golbal till we just ran out of people who could afford the price of a house. Credit companies said uh oh I don't think we can accept these securities as collateral for loans anymore. And thats when the whole thing came tumbleing down. Nobody was going to put Humpty Dumpty back together again any time soon. We were in a mess, Europe was in a mess, Japan was in a mess, and with banks up to their eyeballs with debt (and law suits) they couldn't pay nor borrow to loan business which began to fail, layoffs were rampant, no markets to sell our goods, a real pickle. Because we weren't paying attention we had no idea how bad it had been. Oh this must be like any other recession we just need to waut it out a couple of months. No it was bad. When I saw the housing bubble it alerted my investment rule which is the slow and steady rule. if things go up this fast it is unsustainable (wages weren't rising comensurate with housing prices)there is always a fall. When I was younger I would watch a stock rise and go wow how high can it go I would wake upto the news the stock market went through a correction. I told veryone I knew get out of stocks this is going to be big. I'm not exactly sure where the kicking wealth comes from it just sounds like a conservative campaign dirivative. So much has been said about cutting budgets including medicare and social security and programs for the needy in budget negotiations tha some would say that since people have been hit so hard by the crash, and will be hit again by the budget cuts that sharing the burden with the wealthy (4% tax increase) things might seem fairer. This turned into class warfare and picking on the rich. Fair share turned into more socialism or no one be happy until we are all equal earners. Such distortions.

    As for Solyndra well it was not a bad investment it was an unfortunate investment. There were thousands of alternative energy investment s made (I think I heard 38,00) and this one went bad. A couple others tetered and are restructurin, no jobs lost. The failure was that China decided to get in the game and started flooding markets with cheap solar. This created an unfair competition that crippled us. However this is just the reason we need to invest more to stay competitive in this future market. Many business's in this country are investing in solar for themselve because it is the way we are going to go. We can produce it or by it from China. And anyway a short story short the hare and the tortoise and the hare are going through identity crisis and until they sort it out they aren't ready for prime time.Anyway thanks for asking.

     
  • Joanne Bobin posted at 12:43 pm on Thu, Sep 27, 2012.

    Joanne Bobin Posts: 4488

    I know you watch NEITHER of these programs, but always seems to know what their content is, I hate to burse your attempt at your own comedic moment -

    Neither is in "prime time."

     
  • Joanne Bobin posted at 12:42 pm on Thu, Sep 27, 2012.

    Joanne Bobin Posts: 4488

    "money is the product of government and wealth is the product of savings and investment."

    If Mr. Taves had gotten his definitions correct, he might have had a pretty good parody going.

    However, he chose to narrow BOTH definitions to such a point that anyone without knowledge of economics and the factors that determine both money and wealth and how they are interrelated would swallow this twaddle hook, line, and sinker.

    Looks like he's already got two "fish" on the line.

     
  • Jerome Kinderman posted at 11:34 am on Thu, Sep 27, 2012.

    Jerome R Kinderman Posts: 2365

    But more than that, Mr. Heuer, where does Mr. Taves go wrong in his "cuddly and cute" essay? If not ready for prime time, why?

     
  • Thomas Heuer posted at 9:25 am on Thu, Sep 27, 2012.

    nth degree wise Posts: 1653

    Now wasn't that special. A story made for kids all cuddly and cute. Oh and he even got the Solyndra word in. He doesn't know anymore about Solyndra then the children will. Eh no. Me thinks it not ready for prime time.

     
  • Darrell Baumbach posted at 8:32 am on Thu, Sep 27, 2012.

    Darrell Baumbach Posts: 9405

    Stan stated...Meanwhile, Barack O. Bunny is running out of energy and getting desperate

    If only Saturday Night Live or Stewart's Daily Show would convert Stan's letter into a skit which is deserving of prime time, I would finally have a reason to tune in to real comedy, as real comedy is based on truth.

    Barack O. Bunny... hummm ...worth thinking about.[beam]...

     

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