Sunday, January 29, 2012

Built to Last

I think I may have a new viewpoint on why the stimulus wasn't as successful as we all might have liked it to be:
Typical Stimulus Employee

1. I understand the benefits of a 'living wage', but $203,700 seems a bit high for a ditch-digger.
2. Carhartt bib overalls - $100. Bespoke suit w/ custom fitted shirt - $3000.
3. Gold shovel - $330. Home Depot Fiberglass handle digging shovel - $30.
4. Carpet to protect the ditch-digger's shoes - $14
5. Site prep work and pre-digging to ensure a successful photo-op - $292,435
6. Cost to fill hole after photo-op is over - $69.

We can't wait!




Monday, January 16, 2012

It's not that he's European, it's that he's Dutch, Baby!

E.J. Dionne believes that the evil Republicans -- Mitt Romney in particular, but he writes the article in such a way to allow him to use quotes from anyone -- are still attacking Mr. Obama's legitimacy: "So Obama is still not fully American, in Romney’s telling."
"Obama, Romney said, “wants to turn America into a European-style entitlement society” and “takes his inspiration from the capitals of Europe”... The most benign reading of Romney’s speech is that he is suggesting Obama’s economic policies will send us into a crisis like the one that has engulfed the European Union. This charge is nonsense."
Is that the "most benign reading" that his capacities can conceive? Seriously? How about a suggestion that Obama's economic policies will propogate a cycle of higher government costs, lower defense spending, greater requirements for social welfare programs, a lower trend of economic growth, and a set of even more difficult political choices in the future?
"And the core premise of Romney’s claim is untrue. The notion that Obama wants to turn the United States into a “European-style entitlement society” is laughable. It’s not even a fair description of Europe, which boasts of some highly productive and innovative capitalist economies."
I don't find the notion all that funny. I don't think of Europe as a completely failed organizational model, fully socialist and approaching armageddon. But "more European" is not an attractive concept.
"As for Obama, he has bent over backward to strengthen market capitalism, sometimes to the consternation of his own supporters."
I do not get this statement at all. Which of his major activities are we referring to? I don't think that Mr. Obama is the worst-case-scenario of socialism, but "strengthening market capitalism" has not been his priority.
"We don’t turn away from good ideas just because they didn’t originate here. We refine them and adjust them to suit our needs and our tradition. Openness is an American strength."
Well, we evaluate ideas and determine if they are good or bad, first, don't we?
"Is it asking too much of Obama’s opponents to acknowledge once and for all that he is really and truly American?"
Words fail me. But since that could be construed as some tacit failure to acknowledge his true American-ness, I wish to formally and publicly acknowledge that Barack H. Obama is a real, true American, as American as I am, and although I would not classify myself as an opponent of his per se, I utterly reject anyone's attempt to delegitimize Mr. Obama by raising questions about his citizenship. I do reserve the right, however, to criticize his basic fitness for the job.

As for Mr. Dionne, I really don't think he proved that he had a useful point. The WSJ occasionally refers to him as "Baghdad Bob", which seems extreme. But this is just cheerleading. Painfully unfocused cheerleading at that.

Saturday, November 05, 2011

The Federal Pay Gap

The Washington Post reports that federal "employees are underpaid by 26.3 percent when compared with similar non-federal jobs, a “pay gap” that increased by about 2 percentage points over the last year while federal salary rates were frozen."
If I was being paid 26.3 percent more than I was worth, I'd ummm, quit my job and get a 26.3 percent pay increase somewhere else.
Yet, it turns out that the "quit rate" for federal jobs is one-third of the aggregate private sector rate. (source: http://www.aei.org/paper/100203)

Now, I don't believe that fed workers are lazy, shiftless shirkers sucking the government teat until they earn a cushy retirement. 

Heck, some of them are even my friends.

But none of them are going broke working for the feds, most of them gain a lot of satisfaction from their jobs, and there is categorically no way I can believe that they are taking a 25% pay cut just to "have a fed job". I don't believe they're getting paid "an overall federal compensation premium of approximately 61 percent", as the AEI paper claims, but don't believe for a moment that they are underpaid.