Thursday, October 29, 2009

Quick Thoughts On Issues Of The Day

Healthcare - Not convinced we're in a crisis. The costs are rising too fast, but largely due to better drugs and technology available. I'd guess life expectancy and general health is much better today than 25 years ago. Why? A lot of factors - general preventative knowledge, better drugs, better procedures. Guess what? The drugs and procedures innovations cost money. Don't trust the idea that government can step in and make the system more efficient. If this were the case, they'd fix medicare and make it so good and efficient, others would want to opt in. If there were a simple fix, I'd bet on Walmart figuring it out long before Obama. Also think there is an entitlement issue going on - we invent expensive/awesome procedures and everyone expects they'll be able to afford. They won't. It's as if the term "I can't afford it," is no longer in the American lexicon. Well...it's something we REALLY need to bring back. (okay that wasn't so quick)

Afghanistan - Don't see why the only two options are going "all in" or "pulling out." What's wrong with keeping the Taliban and AQ off balance with a light footprint? It seems to be working so far as AQ hasn't attacked us or been able to regroup since 9/11. Don't think we can nation build over there.

Bank Bail Out - It was blackmail, pure and simple. They said, "you have to bail us out, or else, the world economy crashes." It's like a James Bond criminal came up with it. Bullshit. You can't respond to blackmail. We ought to have let them fail. This is easy for me to say - a single dude without much in the way of assets or anything. If I had a family and secure job and a mortgage and the whole nine, maybe I'd feel different. But I don't. They ripped us off and will do it again.

Foreclosures - Let 'em happen and let 'em happen now. The govt is propping up real estate prices. We ought to let them drop so the market can feel functional. Right now, everyone is just standing by, waiting for the next shoe to drop. This is the reckoning and it's going to be painful for a lot of people who overpaid. Tough shit. The solution is not kicking the can down the road for other people to continue overpaying. Plus, I want prices low so I can get in and get a deal. Do I want to kick people out of their homes? Not really. But what's so wrong with renting? I do it. Why is this a narrative about becoming homeless? You aren't homeless if you sell the house you overpaid for. You simply rent or buy a cheaper house.

Yanks-Phillies - I don't care who wins.

Alex Smith as the Niners QB - Like the ceiling. Timing is right. Shaun Hill is better suited as a trustworthy back up than an actual playoff quarterback. And yes, the niners should be going for the playoffs.

TV vs. Movies - I am more into tv right now - because of the price point/value/convenience issue. Just finished Deadwood. It's the rambunctious younger brother to the Wire and the Sopranos. Not quite as good, but in the same category. Watching Parks, the Office, 30 Rock, Bored to Death, Curb, and sports. What's the last movie I liked? I can't remember off the top of my head.

Swine Flu - A little bit worse than the regular flu. Not the end of the world.

Obama vs. Fox News - Petty. Very petty. Not Presidential. Raises the profile of Fox. Glad the other networks stood up for Fox when White House tried to ban from press conference. Shows that news folks still got some salt left.

The Economy - Does not look good. Fundamental problems not resolved. Will only get through it by keeping heads down and working hard. Good numbers are an illusion, a result of government stimulus and cost cutting by companies. Job rate is lower than reported due to furloughs and discouraged workers. Real Estate still inflated. We're collectively in waaaay too much debt.

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