Category Archives: Economics

Miscellaneous economy stuff

Facebook Employees and Virtue-Signaling

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Here are a couple of examples, from a batch of leaked Facebook internal emails.

Chief Technology Officer Mike Schroepfer asked employees to “hang in there” as the company figured out its response. “We have been ‘hanging in there’ for years,” one person replied. “We must demand more action from our leaders. At this point, faith alone is not sufficient.” [Emphasis added]

And

“All due respect, but haven’t we had enough time to figure out how to manage discourse without enabling violence?” another staffer responded. “We’ve been fueling this fire for a long time and we shouldn’t be surprised it’s now out of control.”

And

“I’m tired of platitudes; I want action items,” another staffer wrote.

And

[Y]et another staffer wrote[,] “History will not judge us kindly.”

And yet, none of these Precious Ones, along with so many of their cronies, cared enough about these failures and their claimed inability to do anything about them to resign rather than continue to go along with them.

All of these Precious Ones, along with so many of their cronies, plainly care more about their paychecks than they do about their integrity or their morality.

As the New York Post put it in a related piece summarizing The Atlantic article,

Mark Zuckerberg’s obsession with growth has overridden ethical concerns and allowed hate speech and incitements to violence to spread unchecked….

That’s Facebook, from top to bottom, for all the…whining: management’s demand for growth above ethics and employees’ demand for paychecks above ethics.

Lies of Progressive-Democrats—More

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Senator Tom Carper (D, DE) is on the hot seat (pun intended) this time. Despite current rising inflation and resulting higher prices for everything energy-related (like transportation fuel, home and office heating and cooling, food), he’s demanding continued and increased Federal spending, in particular, the Progressive-Democrats’ spend-a-thon reconciliation bill—inflation be damned. Because climate.

Our planet is on fire….

On fire. If we’re on fire today, what was the state of our planet in past ages when it was so much warmer than it is today, and life was lush?

If we’re on fire today, what was the state of our planet in past ages when atmospheric CO2 was so much higher than it is today, and life was lush?

Does it matter to Carper that those prior ages don’t even correlate with each other? Apparently not—just spend the damn money.

Does it matter to Carper that today, 11,000+ years after the end of the last Ice Age, we’re still cooler than Earth’s geologic warming trend line? Apparently not—just spend the damn money.

Does it matter to Carper that the mid-Holocene period of 7,000 to 5,000 years ago and beginning some 4,000 years after that Ice Age ended—a period which some might conclude was pre-industrial—was warmer than it is today?

Never mind that Carper surely knows these data full well; his intern briefed him on these things when his intern did the research for Carper.

Just spend the damn money.

Pay No Attention to the Woman Behind the Curtain

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That’s the mantra of Progressive-Democrats, who are enthusiastically supportive of President Joe Biden’s (D) nominee for Comptroller of the Currency, Saule Omarova.

Ms Omarova wants to put an “‘end to banking’ as we know it”—again, her words—and transfer private banking functions to the Federal Reserve, where accounts would “fully replace” private bank deposits. The Fed would control “systemically important prices” for fuel, food, raw materials, metals, natural resources, home prices and wages.

And, she says

the Fed should be remade into what she calls “The People’s Ledger.”

And

She calls for “reimagining” the role of central banks “as the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”

But ignore those calls for Soviet finance controls. She’s the lady the Progressive-Democrats want to inflict on us.

Shut up about that flapping curtain; vote her up.

Biden’s Attack on our Energy Independence

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…continues. President Joe Biden (D), the privileged white male patriarch half of the Biden-Harris administration, said at his Thursday CNN-hosted townhall—and he actually was serious:

I don’t see anything that’s going to significantly reduce gas prices right now. My guess is you’ll start to see gas prices come down as we get by going into the winter, I mean excuse me, into next year in 2022.

Of course he does see what would significantly reduce gas prices—and stop the inflation in the cost of so many other consumer goods that depend on energy production. And no, I don’t mean begging more piteously for OPEC to increase oil production, nor do I mean imploring Russia to increase its oil and gas shipments.

Biden could unlock American oil and gas production, he could freely allow exploration and drilling on Federal lands, he could get out of the way of production from ANWR, just for starters. All of these things Biden knows full well.

Biden could stop his assault on American oil and gas production and let us go back to the energy independence that lowered our costs to historic lows. Biden knows this full well, also.

But he won’t. Instead, he’ll continue to dissemble, like he did at that townhall. It’s about control, not what’s good for our nation.

Out of Touch

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At last Friday’s noon-ish press conference, a reporter (Fox News‘ term) asked President Joe Biden’s (D) Press Secretary Jen Psaki why Biden’s approval ratings were so low. Psaki’s response:

I would just go back to what our view is, is that we’re still going through a hard time in this country. And people are tired of fighting the pandemic, they’re tired of the impact on their lives.
…
And we all thought it would be over at this point in time[.]

No, we’re not tired of fighting the pandemic, or of its impact on our lives. We’re tired of the impact Government is having on our lives with its overreacting to the virus, its interference in our lives, its using this virus situation to increasingly limit our liberties.

We’re tired of the hard time Government is causing under the guise of the virus.

And: the virus situation has long since been over. Peak new Wuhan Virus Delta variant cases was ‘way last August, and peak Delta variant-related deaths was ‘way last September. On top of that, those peaks were a small fraction of the peaks from the original Wuhan Virus new cases and related deaths.

What our view is. This is how out of touch with us average Americans the Biden-Harris administration is.

Or, maybe it’s their fingers in their ears.