"It’s a foundation built upon five pillars that will grow our economy and make this new century another American century: new rules for Wall Street that will reward drive and innovation; new investments in education that will make our workforce more skilled and competitive; new investments in renewable energy and technology that will create new jobs and industries; new investments in health care that will cut costs for families and businesses; and new savings in our federal budget that will bring down the debt for future generations. That is the new foundation we must build. That is our future."
----
Feel free to provide your own translation in the comments.
21 comments:
A foundation built on pillars? Must be a sandy location, subject to hurricanes of change.
I count 4 "New Investments" to 1 "New Savings". Not a good ratio...
Brilliant commentary Dave!
Sounds like every budget proclamation over the last several decades. Yawn.
The work force clap trap really annoys me. We will be a nation of highly skilled paper pushers with fancy pieces of paper on the wall.
How can we compete with this?
And we all know that "investments" and "savings" mean entirely different things inside the beltway.
Personally, I think I'll go invest in some more beer, and I'll save money using my club card.
Definition of saving and investment:
We were going to spend 20 trillion on the bailout, but only spent 10 trillion, so we saved 10 trillion dollars! We can now take this 10 trillion in savings and invest it in pork barrel projects.
Isn't it suspiscious that Obama envisions "five pillars" for our society? I wonder what other societies have five pillars?
You mean these five?
"Surprise! The economy isn't all rainbows, puppies, kittens and sunshine after all."
http://money.cnn.com/2009/04/14/markets/thebuzz/index.htm?cnn=yes
dawg - that wikipedia entry is wrong. the 5th pillar is overreacting to fictional books and cartoons that comment on your society.
investments in education are a joke. raising the standards for education would be a better goal.
It's an entire paragraph of bullshit that not even Akubi wants to defend.
Dawg,
Weren't you threatening to do a post on the latest CA tax receipt shortfalls?
Finishing taxes myself first. :-(
But isn't today...?
I marvel at what a kleptocratic hack that jerkoff is.
Translation:
"We will default on our national debt in 2011 and initiate a new currency on June 21, 2012, at which time we will apply these five, stupid pillars to guide future recklessness."
Dear Mr. Dawg,
You suck.
Thx,
bbbuy
Brilliant. A California government agency is enacting 127% pay raises while the state is broke.
hereAnd for the clincher:
SAFCA's salary-comparison study was conducted by private consultants, at a cost of about $17,000. It did not evaluate benefits, often a key consideration for job-seekers, but noted that public benefit programs, particularly retirement benefits, are often richer than those offered by the private sector. Buer said "base salary is the most influential factor in recruitment and retention." It would be difficult to compare the relative value of benefits, including bonuses and stock options sometimes offered by private firms, he added.
Dawg
General Growth went down today.
With it, your favorite, The Natick Collections. Must be swell for the idiots who bought those mall-side condos. At least the traffic on rt 9 is not bad what with unemployment hitting 7.8% in Mass.
First the Pru, now Faniuel Hall and the Natick Collections.
Running out of reasons to come to beantown. Well except for the Celtics, Bruins, Sox..
http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.html
Makes you wonder what pisses the talking heads on CNBC and FBN off more. The death spiral not allowing happy talk 24x7, or the fact this scenario was called out 2 YEARS AGO and they chose to ignore it. No wonder those quiz kids take limos to the studio. The way they drive using nothing but rearview and vanity mirrors, they would get someone killed..
h
H,
I'll be back in the 'hood end of June.
@W
The biggest racket in the world is small govt utilities. The government will require them to charge on a cost+ basis, but there is no requirements that they operate cost effectively. The result is the more they spend, the more they make. The salary comparisons the consultants did were to other small utilities that operate with the same stacked deck.
Interesting serenitis.
Post a Comment