Governing and economic thoughts from Jon Meacham

Posted By on January 22, 2013

jonmeachamheadshotPulitzer-Prize winning historian and biographer Jon Meacham made a few comments that had me nodding my head Monday evening in a discussion with Bill O’Reilly. I snagged a bit of audio while replaying for my wife.

He was able to succinctly communicate the fiscal issues facing our nation and the seeming lack of urgency President Obama is demonstrating. We all know that jobs and expanding the private sector is the key to dealing with our rapidly growing debt, but the Obama administrations lack of a growth agenda is very concerning.

  FoxNews (mp3) Bill O’Reilly talks with Jon Meacam – 1/21/2013

Martin Luther King Jr Day 2013 and a mish-mash of thinking

Posted By on January 21, 2013

Our nation has come a long way in race relations in my lifetime in large part due to Martin Luther King Jr., a 1960’s era civil rights leader mlkjrphotothat we remember and celebrate with a national holiday today. Considering the United States has come “a long way” since slavery and segregation, we … and the media … still ends up differentiation each other by traits other than “our character.”

I’m acrimonious when reading comments regarding business or political issues made based on race, religion or gender (“the first black president”, “the cabinet doesn’t have enough diversity,” “can’t vote for a Mormon,” etc), and wondering when we as a nation will get beyond these insignificant differences? At what point can we comfortably treat each other as equal and differentiate based on qualifications, political philosophy and character?

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Maybe we can be more like the NFL? On the playing field this past weekend, Altlanta, San Francisco, Baltimore and New England brought their best (and only two can move on to the Superbowl – Baltimore and San Francisco) …  little was made of either teams diversity, religion or race. There were no complaints that teams were all male, or that Hispanics weren’t equally represented. The color of skin had little to do with how players, coaches or owners ran the business or played the game – success and achievement lead to decision making.

I’d like to think the same “blindness” could go into politics on this Presidential Inauguration Day — but think it is already too late as it should have been on election day. Success and achievement should be paramount, whether electing a president or congressional representative, or a president filling advisory positions in a cabinet. BUT aided by the continued push for political correctness … too many Americans focus on traits that have little bearing on a persons ability to lead. In the case of our current president, his lack of leadership is harming our country. Certainly he was not as qualified a Hillary Clinton four years and even after four years did blackvoteforobama2012not gain the qualities needed to repair America – much based on his own poor leadership. It was obvious to most that he was elevated based not on his qualification and experience or even “quality of his character” … but his ability to divide and conquer. I’d suggest, at the risk of being called a racist, that Obama most likely received some votes because of his race – 93%??? (CNN November 2012 vote breakdown to the right) … and yes it happened and does still happen in the reverse no doubt … just not as obvious. I find I hard to believe that any American, if they were choosing based on leadership and character, could conclude that the United States is better having President Obama in the Whitehouse for four more years rather than a Mitt Romney? Sure I’m confident American will muddle through (thanks to the way our founders set up the branches of our government), but the lack of a leader in Washington DC bringing the country together is most likely going to add another four years of slow growth and a  stagnate economy … and who knows how much more debt and long term damage we’ll suffer?

Selling my airplane project leaves me melancholy

Posted By on January 20, 2013

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Selling a long term project like building an airplane leaves me with mixed feelings. In part, I’m glad to be lessening my hobby load of “things to do,” but sad to part with a project that has consumed so much of my time and been a focus this past decade. As family we took trips to Airventure in Oshkosh, Wisconsin and separately with Taylor when deciding to add building an airplane to my aviation interests. I spent hours in the workshop with both kids and by myself; they helped with the drilling, deburring and riveting of the 6000+ holes required on the Sonex project. Besides just being with them, I also enjoyed teaching them to use tools that were familiar to me, as well as those which were new. I’ve always loved working with my hands and had hoped to share what know with my children.

I also am disappointed to have had started another long term hobby which was derailed by other interests and time constraints. I would use the excuse that it was monetarily  and the cost was too much, but that would not be completely true since my wife was 100% supportive of my interests (her only concern was that I would eventually fly this project making my life insurance void???) In fact she never minds doing volunteer work with my EAA chapter or functions that revolved around aviation.

As for the buyer, he is from China and has a variety of helicopters and airplanes – from experimental to vintage military planes. The project is being crated and shipped overseas to be completed and flown in that rapidly changing country. I met him through a helicopter aviation friend, Homer Bell this summer who works with the Chinese company owned by the buyer with the shipping American parts to China. I will be interested to hear about the test flights later this year or next?

The only negative now is that “I thought” that I’d be able to take my new found wealth and use it to complete my New Year’s Resolution (a diesel car like a VW TDI)… but the check was quickly swiped by my boss to be used for something more important … my daughter’s wedding! (Links 1, 2 & 3)
Winking smile

Retail fuel prices are down a bit from last January

Posted By on January 18, 2013

oldfuelpricessignAlthough retail unleaded gasoline is down 25 cent per gallon since last year at this time in SW Ohio, we remain just above $3.00/gallon in most areas. gasprices45069_130118(I paid $3.09 and $3.07 this week while traveling in north east Ohio)

Since I’m thinking about a new diesel car this year, it is be frustrating to have to consider paying 80 cents or more per gallon for diesel (about $3.90/gallon). Even calculating the 30-35%efficiency of diesel engine, it isn’t easy to justify paying more upfront for a diesel vehicle and still paying 30% more for fuel. For those of us wanting to see diesel vehicles make “real” inroads in America, it will continue to be an uphill battle.

Sailboat trade-offs: Time for Money or Money for Time

Posted By on January 17, 2013

We’ve all been there. Weighing the choice to put in sweat equity to save money or spend money to save time. This year is no exception and sided with spending money to save time.

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Life has been busy and priorities like spending time with my mom in her final months, and my dad in recent weeks, has taken up the time that I intended to use to work on Encore while she was out of the water. I fully intended to at least paint the bottom after the peel and epoxy barrier, but finding spare days and weeks was not possible. Instead, I’ve opted to job out the final steps in order to get Encore’s bottom finished up and ready to go back in the water. Oh, there is still plenty to do topsides and below decks, but at least we’ll be floating rather than in a dirty boatyard. As my late-brother-in-law would have said, she is looking marvelous. I’m impress with the shine; the guys were able to buff and wax Encore’s aging fiberglass back to life. (more photos below – click for larger)

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Thanks for the photos Joe (1/15/2013)

The answer to our spending problem is to “broaden the base”

Posted By on January 16, 2013

It is becoming increasingly clear the the answer the federal government’s excessive spending is to “broaden the base” … but before the attacks from payingtaxesDemocrats begin, let me clarify my reasoning (highlighted below) and explain.

The current debate in Washington DC is whether to address the deficit (and mounting debt) by raising taxes on the wealthy to meet the spending needs of our country … or cut spending in order to match our tax receipts. Most economics classes and lectures reason that neither approach done in a drastic enough as a way to address the country’s problem would work and would instead likely send us back into a recession or probably worse. The bipartisan commission set up by President Obama in his first term looked at the one-sided approaches and recommended a more balanced and more gradual approach. Their recommendations included significant cuts to government spending and increasing revenues by “lowering of tax rates and broadening of the tax base.” Still painful, but spread out over millions of citizens, far less harmful than the president pitting citizen against citizen and picking “winner and losers.” In the end we’ll all lose.

What it means by “lowering the tax rate and broaden the base” is to reduce the tax rates and remove deductions and credits to make up for it. *

A significant point is that in a country where nearly 48% of all citizens do not pay federal income taxes, there isn’t much incentive to control spending. In fact when many receive money from the government, there is an incentive not to do anything that disrupts the status quo. So, if the “base is broadened,” and more of the nation paid federal taxes, there would be an incentive to spend wisely in order to keep ones taxes a low as possible (especially wasteful spending). When we purchase something with our own hard earned money (or our contribution to the nations coffers), we have an interest in spending it more judiciously and can get pretty irritated when our elected representatives spend it in a wasteful way.

What we do know, and where both Democrats and Republicans agree, is that IF we can get more dollars in the hand of consumers, we can build a stronger economy – Republicans want to do this by reducing taxes, Democrats advocate  government stimulus programs – but both want more money in the consumers hands. A stronger economy means more jobs and more jobs improves wages (due to competition for employees, not government regulations). When we have full employment, demand for products and services will be strong and government revenues will rise due to the “broadened base” paying taxes (even at lower rates) on increasingly higher wages … but we all have got to have “skin in the game” and a reason to control wasteful spending. Common sense???

Book: General Stanley McChrystal and My Share of the Task

Posted By on January 15, 2013

myshareoftask_genstanmccry4If you enjoy reading history and military biographies, the new General Stanley McChrystal autobiography My Share of the Task will be your “cup of tea Joe.”

I ordered an ebook version last week after reading a couple short reviews and found it difficult to put down. In fact, I found myself rewinding the Tivo buffer when watching football playoff games this weekend due to reading distraction (usually the opposite!) It is an interesting read and is very easy to become absorbed in Gen. McChrystals’ memories during a time span I remember well. His leadership qualities are apparent from the respect others give him, as well as the focus he himself placed on becoming a good “leader.” After reading about half the book, one conclusion I made is that great leaders are made through hard work, dedication, attention to one’s education and personal discipline; leaders aren’t just born “leaders.”

youngmcchrystal"High-and-tight" McChrystal in 1999 speaking to the 75th Ranger Regiment

Although I usually still buy books like this in hardcover, I’ve opted to purchase this one in the Kindle format to read on my iPad due to the significant cost difference between  the new release hardcover at Amazon $17.98, the  Amazon Kindle eBook price (Kindle version $14.99) and the “questionable” NOOEO.com “50% off ebook price.” I’m still not sure the version I purchase is 100% legal?

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click to purchase at NOOEO.com

Detroit Auto Show has Volkswagen introducing the CrossBlue

Posted By on January 14, 2013

Tell me this is not worth looking at? Mmm, mmm, mmm.

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The VW CrossBlue concept is Volkswagen’s midsize SUV that is larger than a Tiguan and not as off-road performance oriented as the larger Touareg. The CrossBlue concept has six-seats in three rows and could seat up to seven if they offer an optional bench in the second row. The VW CUV should fill the gap between their smaller sport-ute and higher priced Touareg, although price points have not been set (assumed to be between the current two offerings).

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Powering the concept is a plug-in hybrid powertrain with diesel engine and an estimated combined city/highway mileage of 35 mpg.

LINK

2014 Jeep Grand Cherokee: Diesel Delivers 420 Lb-Ft/30 MPG

Posted By on January 14, 2013

Jeep officially revealed an updated version of its hot-selling Grand Cherokee this morning at the North America International Auto Show in Detroit, Mich. The high-brow SUV features a number of mechanical enhancements and luxury additions.

Of course the biggest news is the inclusion of diesel power. Chrysler is offering a 3.0-liter compression-ignition engine in the popular Grand Cherokee. Jeep brand President and CEO Mike Manley said it’s “everything our customers have been asking for.”

The powerplant delivers a prodigious 420 lb-ft of torque and an impressive 30 miles per gallon on the highway. The dual overhead-cam, 24-valve V6 should allow the Grand Cherokee to tow up to 7,400 pounds.

READ entire article at: autoguide.com

More clean diesel TDIs and impressive Volkswagen sales growth

Posted By on January 14, 2013

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Phil LeBeau of CNBC interviewed Jonathan Browning the President and CEO of Volkswagen Group of America and highlighted not only their outstanding 30+ sales growth year in 2012, but the commitment to expanding the TDI diesel line-up in North America. The interview from the floor of the Detroit Auto Show also mentioned the addition of more crossover vehicles to VW’s offerings (video below).

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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