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	<updated>2009-03-30T00:39:09Z</updated>
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		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[The Punitive AIG Tax on Bonuses: A Bailout Mess]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/economy/the-punitive-aig-tax-on-bonuses-a-bailout-mess/" />
		<id>http://foundryforward.com/?p=171</id>
		<updated>2009-03-23T11:56:29Z</updated>
		<published>2009-03-23T11:56:29Z</published>
		<category scheme="http://foundryforward.com" term="Economy" /><category scheme="http://foundryforward.com" term="AIG" /><category scheme="http://foundryforward.com" term="bonuses" /><category scheme="http://foundryforward.com" term="Geithner" /><category scheme="http://foundryforward.com" term="government" /><category scheme="http://foundryforward.com" term="liberty" /><category scheme="http://foundryforward.com" term="Obama" /><category scheme="http://foundryforward.com" term="Pelosi" /><category scheme="http://foundryforward.com" term="Politics" /><category scheme="http://foundryforward.com" term="Taxation" /><category scheme="http://foundryforward.com" term="Wall Street" />		<summary type="html"><![CDATA[The people are angry. Well, what's new? The people are always angry. About what and at whom, and is it likely that your house will get burned down by rioters -- those are the operative questions. I suppose we could add: Is the anger warranted?]]></summary>
		<content type="html" xml:base="http://foundryforward.com/economy/the-punitive-aig-tax-on-bonuses-a-bailout-mess/"><![CDATA[<p>The people are angry. Well, what&#8217;s new? The people are always angry. About what and at whom, and is it likely that your house will get burned down by rioters &#8212; those are the operative questions.</p>
<p>I suppose we could add: Is the anger warranted?</p>
<p>Ever since last Thursday, resentment&#8217;s been swelling in many quarters about government plans to initiate a surtax of varying amounts to salaries and/or bonuses of varying amounts at varying companies, the latter of which are most likely to have received some government bailout money. The house bill that <em>has</em> passed so far (328-93) would levy a <strong>90%</strong> tax on bonuses for employees who have over <strong>$250,000</strong> in family income, when said bonuses are paid by companies that have received at least <strong>$5 billion</strong> in government bailout money.</p>
<p>The anger-inducing house bill &#8212; and other plans like it &#8212; were themselves induced by anger over the <strong>$165M</strong> AIG paid in bonuses to some of its top employees, despite having been infused with <strong>$182.5B</strong> in taxpayer funds. <a href="http://news.yahoo.com/s/ap/20090319/ap_on_go_co/aig_outrage">Quoth Sage-of-the-House Nancy Pelosi</a>:</p>
<blockquote><p>House Speaker Nancy Pelosi, D-Calif, told colleagues, &#8220;We want our money back now for the taxpayers. It isn&#8217;t that complicated.&#8221;</p></blockquote>
<p>This despite clear evidence that those very words must be highly bewildering, since the Obama administration and members of Congress frown in puzzlement and scurry into their Lincoln Towncars on important business whenever they&#8217;re voiced by the American taxpayers in response to our impressive new (planned) <strong><a href="http://www.foxnews.com/politics/first100days/2009/03/22/administration-changes-needed-percent-tax-aig-bonuses/">$3.6 trillion</a></strong> budget.</p>
<p>So should we be cross about the new tax bill?</p>
<p>Well, yes. For one thing, it would seem that <a href="http://www.nytimes.com/2009/03/08/business/08gret.html?em">U.S. taxpayers are <em>collectively</em> 80% shareholders in AIG</a>; that means that it&#8217;s only fair we get our own shot at running the company into the ground as we see fit. In our republic, we elect representatives to run things into the ground for us, and so it&#8217;s only fitting that Congress should use our shares as weight behind any reforms that need to occur.</p>
<p>But the mechanisms for doing so are fairly important here. After all, there already exist processes for shareholders and board members to apply pressure within a corporation to effect change. In this particular case, AIG issued shares of preferred stock to a trust appointed by the U.S. Treasury; the preferred stock is convertible into common stock, and confers all the shareholder voting rights that accompany it. It&#8217;s therefore rather heavy-handed and absurd to sidestep that machinery by <a href="http://blog.sunlightfoundation.com/2009/03/19/read-the-bill-stimulus-bill-and-bonus-loopholes/">fabricating and rushing through a hardly-read and unwieldy</a> new tax law.</p>
<p>Look a bit further, though, and you will find a very good reason for circumventing corporate governance: retroactivity. Naturally, the presumed law would conveniently apply to the AIG bonuses already paid out, while votes on the board are proactive only. Now, if a retroactive law doesn&#8217;t strike you as just a little bit unjust&#8230; well, you probably aren&#8217;t reading this sentence. That&#8217;s not all, though: we now know that Sen. Christopher Dodd, at the behest of Treasury, <a href="http://www.politico.com/news/stories/0309/20216.html">modified the bill to <em>specifically exempt</em> the already-existing AIG bonuses</a>:</p>
<blockquote><p>A White House official, speaking on condition of anonymity, said Treasury told Congressional aides that trying to place limits on contracts already signed would create legal problems and could lead to lawsuits against the government.</p></blockquote>
<p>It&#8217;s been amply established, then, why We The People, in throwing our anger about here and there, are basically responding in an emotionally therapeutic and quite appropriate manner to the <em>political</em> incompetence of our elected officials. Fortunately, this coin has two sides, and now that Congress has greatly enriched their abilities to fail not only at their own jobs but at those of Wall Street, we land on tails. Which is fitting, because that&#8217;s all you&#8217;re going to see of competent financial experts <a href="http://www.ft.com/cms/s/0/4ff2f77e-1584-11de-b9a9-0000779fd2ac.html?nclick_check=1">as they flee bailed-out companies that no longer provide the bonuses to which they&#8217;re accustomed</a>:</p>
<blockquote><p>“Commodity traders are already moving to companies like BP where they can make as much money as they used to,” said another banker at a US firm.</p>
<p>Bankers at Deutsche Bank said it could benefit from the proposed legislation by poaching its US rivals’ most talented employees.</p></blockquote>
<p>They&#8217;re called retention bonuses for a reason.</p>
<p>This morass of deceit, moral hazard, and increasing economic wreckage does point to one possible conclusion: that perhaps the bailouts never should have taken place at all.</p>
<p>But good news is ever on the horizon: <a href="http://www.politico.com/news/stories/0309/20315.html">Timothy Geithner has hatched a bold plan to broaden salary and bonus caps to <em>all</em> financial institutions</a>, not timidly stopping with only those that have received bailout funds. So for readers at home, feel free to magnify by Panic Level Orange any dread you may have felt in reading that last pair of quotes.</p>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[A brief rant against Stereogum anti-capitalists]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/capitalism/a-brief-rant-against-stereogum-anti-capitalists/" />
		<id>http://foundryforward.com/?p=155</id>
		<updated>2009-03-30T00:39:09Z</updated>
		<published>2009-03-20T13:11:56Z</published>
		<category scheme="http://foundryforward.com" term="Capitalism" /><category scheme="http://foundryforward.com" term="anti-capitalism" /><category scheme="http://foundryforward.com" term="Economy" /><category scheme="http://foundryforward.com" term="elitism" /><category scheme="http://foundryforward.com" term="indie" /><category scheme="http://foundryforward.com" term="Music" /><category scheme="http://foundryforward.com" term="Wal-Mart" />		<summary type="html"><![CDATA[Elitist indie music anti-capitalists are a special breed. Alongside the typical feel-good slogans about greed and sellouts jostles a transparent need to be on the inside, bleeding edge, in the know. Anything mainstream is stupid, vapid, polished, sellout. In the corporate world, there is no better figurehead for dumb ol' chawbacon America than Wal-Mart.]]></summary>
		<content type="html" xml:base="http://foundryforward.com/capitalism/a-brief-rant-against-stereogum-anti-capitalists/"><![CDATA[<div id="ext-gen413" class="msgBody">
<p id="ext-gen415">I just came across <a href="http://www.stereogum.com/archives/commercial-appeal/band-of-horses-help-walmart-express-their-mission.html">a thread on Stereogum a while back about Band of Horses that had scads of comments accusing them of selling out</a> because they were doing a Wal-Mart ad. It&#8217;s from late 2007, but it&#8217;s not hard to find more like it. After all, <a href="http://digg.com">just hit Digg</a>.</p>
<p>Elitist indie music anti-capitalists are a special breed. Alongside the typical feel-good slogans about greed and sellouts jostles a transparent need to be on the inside, bleeding edge, in the know. Anything mainstream is stupid, vapid, polished, sellout. In the corporate world, there is no better figurehead for dumb ol&#8217; chawbacon America than Wal-Mart.</p>
<p>Examples:</p>
<blockquote>
<p id="ext-gen414">&#8220;Those guys are total ****gobblers. Shake hands with the devil, boys.&#8221;</p>
<p>&#8220;i support bands making money bia commercials, but WAL-MART? that really is shaking hands with the devil&#8221;</p>
<p>&#8220;Shocking. Welcome to my shit list guys. At least the New Pornographers were shilling education&#8230;&#8221;</p></blockquote>
<p id="ext-gen412">Quite a nice collision of anti-corporate and indie &#8220;thought.&#8221;</p>
</div>
<div id="mList-231225" class="msg">
<div id="ext-gen423" class="msgBody">
<p id="ext-gen411">There are so many ways that these freaks don&#8217;t make sense. They hate profit, nominally at least, and so while it&#8217;s okay that the band supports &#8220;education,&#8221; they usually hate it when a band does a commercial for any for-profit company (and in this case the &#8220;education&#8221; was apparently U of Phoenix, which IS for-profit&#8230;oops). But, of course, they don&#8217;t have a problem with the band making a profit for the work THEY do, by selling music, shirts, concert tix, and other merch.</p>
<p id="ext-gen410">One kind of profit supports a group of guys who play some nice music; the other kind supports a company that employs millions of people, helps develop the economies of poor countries, and puts cheap goods in the hands of poor Americans who would otherwise have never been able to afford that stuff. Yet the first one sounds more noble and worthwhile to these jackasses.</p>
<p id="ext-gen409">The Wal-Mart haters also decry Wal-Mart for putting mom &amp; pop stores out of business. What they really mean is that the customers put mom &amp; pop stores out of business, because no one shops there anymore, because mom &amp; pop have high prices and low selection. But in typical fashion, they blame the competing company, which without consumer approval can&#8217;t harm the small stores whatsoever. The bankruptcy of small shops in addition shows that these indie people are not just in the minority, but in so small a minority that they can&#8217;t even combine their forces well enough to keep mom &amp; pop afloat (part of which is because a good number of them don&#8217;t have the courage of their convictions when it comes time to divvy up those paltry art commissions). You would think that the people&#8217;s choice alone would be enough to make them shut up, given their often overtly populist and democratic sensibilities, but not so much in this case.</p>
<p id="ext-gen408">And then there&#8217;s the eternal question of when mom &amp; pop become too big and corporate to be loved anymore. Is it when it&#8217;s a chain? When it puts another company out of business? The same goes with indie bands and how they&#8217;re too big to be hip beyond a certain point. Maybe the Wal-Mart thing is selfishness just like the band thing is: Once a store is big enough that everyone seems to know about it and shop there, they have to react against it. They want their own little secret place that&#8217;s a little bit better and more refined than where the unwashed masses shop, just like New Yorkers who love their little hidden-away &#8220;best pizza joint in NY&#8221; kinda places. Indie music is defined by being different: sonically, artistically, politically, socially, and commercially. As soon as everyone likes it, it falls out of that category.</p>
<p id="ext-gen407">So they hate profit, kinda. They hate companies, maybe. They support the poor, sometimes. They revere education, only in the abstract.</p>
<p id="ext-gen406">They&#8217;re a study in mental confusion and feeling over thought. They&#8217;re small-minded, spiteful, selfish, and immature, and their context of the world is so narrow as to be laughable. I&#8217;m amazed they make it through the day.</p>
</div>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[Obama v. Teleprompter and the Prepackaged Presidency]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/politics/obama-v-teleprompter-and-the-prepackaged-presidency/" />
		<id>http://foundryforward.com/?p=144</id>
		<updated>2009-03-22T01:47:22Z</updated>
		<published>2009-03-19T10:00:50Z</published>
		<category scheme="http://foundryforward.com" term="Politics" /><category scheme="http://foundryforward.com" term="Obama" /><category scheme="http://foundryforward.com" term="teleprompter" />		<summary type="html"><![CDATA[Sky News in Merry England tells us today of another tale of teleprompter dependency on the part of President Obama.]]></summary>
		<content type="html" xml:base="http://foundryforward.com/politics/obama-v-teleprompter-and-the-prepackaged-presidency/"><![CDATA[<p>Sky News in Merry England tells us today of another tale of <a href="http://news.sky.com/skynews/Home/World-News/Barack-Obama-Thanks-Himself-In-Teleprompt-Blunder-During-Address-With-Irish-PM-On-St-Patricks-Day/Article/200903315243932?lpos=World_News_First_World_News_Article_Teaser_Region_1&amp;lid=ARTICLE_15243932_Barack_Obama_Thanks_Himself_In_Teleprompt_Blunder_During_Address_With_Irish_PM_On_St_Patricks_Day">teleprompter dependency on the part of President Obama</a>.</p>
<p>Now, I&#8217;ve had to recite speeches before. To small groups, to classes<img src="file:///C:/DOCUME~1/JEREMY~1.THO/LOCALS~1/Temp/moz-screenshot.jpg" alt="" />, for training purposes, things like that. Not wanting to be caught completely flat-footed on the podium &#8212; especially knowing what stage fright itself can do to your memory acumen, however remarkable it is while you&#8217;re practicing solo &#8212; I&#8217;d refine a fairly strict speech ahead of time, taking down notes of key points to refer to once on stage, expecting deviation in the details of how I present it (pending what feels most natural, crowd reactions, time strictures, and so on). The whole process, to me, was always stressful and exhausting. So I&#8217;ve got sympathy for teleprompter dependence in an abstract sense.</p>
<p>But I&#8217;ve also held onto this crazy notion that perhaps the expectations would shift a bit if I were a company executive, a marketer, a salesman, or &#8212; you guessed it &#8212; a politician. Run-of-the-mill politicians should be fairly accomplished at public speaking: fund raisers, televised announcements, meetings with unions, presentations before the legislature, miscellaneous luncheons, and myriad other engagements would tend, I would think, to polish one&#8217;s adroitness in that kind of thing.</p>
<p>Then you take a guy like Obama, a guy who&#8217;s climbed a long ladder of positions to reach the top, who&#8217;s lauded as an accomplished orator even among Presidents, who&#8217;s regarded as earnest and honest, young and intelligent, a refreshing change from the wooden puppets we&#8217;ve come to label &#8220;politicians&#8221; for decades, if not longer. Is it really too much to expect that the guy with enough arrogance to re-engineer our economy and healthcare speak candidly and from his own mind about those very topics?</p>
<p>As it stands, his rather unchanging, inhuman delivery combined with his slowness in realizing what he was even reading, lends the impression that while the teleprompter is the text delivery mechanism for a speechwriter&#8217;s latest opus, Obama is nothing more than the Animatronic component. Are any of his ideas even his? If they are, does he even understand them?</p>
<p>I realize that all of these people have been cowed by the media and its insistent 24-hour news cycle, of YouTube and its merciless parodies and mashups, and of the thousands of blogs that will use any mistake as fodder for another superficial attack. But did we really elect a guy who&#8217;s too condescending to think the American people can see past that nonsense, and too much of a coward to bear it?</p>
<p><a href="http://www.rushlimbaugh.com/home/daily/site_031809/content/01125107.guest.html">Rush Limbaugh has a funny take on the same event.</a></p>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[The best way to boost the economy? Regulation, of course.]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/economics/the-best-way-to-boost-the-economy-regulation-of-course/" />
		<id>http://foundryforward.com/?p=107</id>
		<updated>2009-03-23T15:04:06Z</updated>
		<published>2009-03-03T06:19:37Z</published>
		<category scheme="http://foundryforward.com" term="Economics" /><category scheme="http://foundryforward.com" term="Economy" /><category scheme="http://foundryforward.com" term="Politics" /><category scheme="http://foundryforward.com" term="Bernanke" /><category scheme="http://foundryforward.com" term="budget" /><category scheme="http://foundryforward.com" term="Federal Reserve" /><category scheme="http://foundryforward.com" term="Obama" /><category scheme="http://foundryforward.com" term="regulation" /><category scheme="http://foundryforward.com" term="Ron Paul" />		<summary type="html"><![CDATA[In a time of extreme financial turbulence and pessimism, American businesses need incentives to launch, develop, produce, and hire. Regulations add layers of time, effort, and costs to any business, but especially to those struggling to launch. Many entrepreneurs will give up when they see what faces them; others will be forced out of business due to non-compliance; still more will go bankrupt or be forced to drastically compromise their working conditions due to compliance costs and changes.]]></summary>
		<content type="html" xml:base="http://foundryforward.com/economics/the-best-way-to-boost-the-economy-regulation-of-course/"><![CDATA[<p>There is, in case you hadn&#8217;t noticed, a recession on. Credit&#8217;s hard to come by, housing prices have dropped like a lead zeppelin, consumer confidence is scraping the rocks, and unemployment is surging as businesses&#8217; profits fall and they look to cut costs and retrench.</p>
<p>And no one really seems to know what to do to stop the slide into depression. Well, by &#8220;no one&#8221; I guess I really mean anyone in a leadership role in government or in a pseudo-governmental entity like, say, the Federal Reserve. Ben Bernanke&#8217;s apparent refusal to believe in or acknowledge the economic fundamentals espoused by the Austrian School have left him on repeated occasions performing a rather schoolboyish verbal variant of the fingers-in-the-ears-&#8221;I can&#8217;t hear you!! LALALALALA&#8221; routine in response to excoriations by Ron Paul.</p>
<p><object width="445" height="364" data="http://www.youtube-nocookie.com/v/efrt2h1AH_A&amp;hl=en&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube-nocookie.com/v/efrt2h1AH_A&amp;hl=en&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" /><param name="allowfullscreen" value="true" /></object></p>
<p>Bernanke&#8217;s not alone, however. Far from it. I read today <a href="http://online.wsj.com/article/SB123594558753804401.html">in the Wall Street Journal</a> (on my Kindle, meaning I had to track down the online link myself - but more about that later) some details about President Obama&#8217;s forthcoming regulatory plans.</p>
<p>&#8220;What&#8217;s that?&#8221; you exclaim. &#8220;President Obama&#8217;s realized that overbearing regulations - requirements for expensive things like handicap ramps, handicap parking spots, bathrooms, elevators, environmental protections, extensive building inspections, and so on - are the final death knell for many small companies, raise costs and thereby lower employment and hike prices, keep many other companies from getting off the ground, and disproportionately punish minorities and the generally less affluent&#8230; And he&#8217;s also realized that, if ever there were a time to LESSEN such regulations, to push such nonsense to the side, to foster business and workers and lower prices, it&#8217;s now&#8230; And he&#8217;s going to slash regulations to stimulate the economy as he claims to be trying to do? That&#8217;s GREAT!&#8221;</p>
<p>You pause, suspicious. &#8220;That doesn&#8217;t really sound like the Obama I know.&#8221;</p>
<p>You&#8217;re right to be suspicious. Far from cutting regulation:</p>
<blockquote><p>The president seeks more money for the department&#8217;s Occupational Safety and Health Administration, to allow it to &#8220;vigorously enforce&#8221; workplace safety laws and oversight.<br />
&#8230;<br />
The Environmental Protection Agency&#8217;s budget would rise by 34%, to $10.5 billion, money that would empower the agency to crack down on industrial polluters. Included is $3.9 billion &#8212; the most money ever &#8212; for the EPA&#8217;s operating budget, &#8220;which is at the heart of EPA&#8217;s environmental protection function and includes funds for research, regulation and enforcement,&#8221; the proposed budget says.<br />
&#8230;<br />
The Department of Commerce would get more money to implement regulations aimed at eliminating ocean overfishing by 2011.<br />
&#8230;<br />
The budget suggests a sea change at the Department of Labor, where Mr. Obama is proposing a 4.7% increase in funding to reverse &#8220;years of erosion in funding for labor law enforcement agencies,&#8221; the proposed budget says.<br />
&#8230;<br />
Mr. Obama&#8217;s budget would give the FDA $1 billion more than the estimated fiscal 2009 budget for stepped up enforcement of safety rules.</p></blockquote>
<p>In a time of extreme financial turbulence and pessimism, American businesses need incentives to launch, develop, produce, and hire. Regulations add layers of time, effort, and costs to any business, but especially to those struggling to launch. Many entrepreneurs will give up when they see what faces them; others will be forced out of business due to non-compliance; still more will go bankrupt or be forced to drastically compromise their working conditions due to compliance costs and changes.</p>
<p>The rising chorus of complaints these days regard layoffs, bankruptcies, foreclosures, a dropping stock market, the credit crunch, and lack of consumer optimism &#8212; not hoot owls, coal pollution from the corner 7-11, or a sudden spike in work-related injuries. At a casual glance, one could assume that Obama&#8217;s simply  economically illiterate, or even (at base) logically unsound. But I&#8217;m not that charitable. It strikes me - and many others as well, I&#8217;m sure - as an opportunistic extension of his big-government ideology, economy be damned regardless of the rhetoric. We&#8217;ll make it through this recession/depression, we know it and he knows it; A few years one way or the other, well, what does that matter relative to expanding the Rooseveltian grasp of government while the political stars are aligned?</p>
<p>We may summarize the move as follows: the government&#8217;s cure for a slowing, sickly economy? Tighten the reigns, because it&#8217;s out of control. Its counterbalance to the trillions of taxpayer dollars spent propping up failing institutions, despite widespread layman and professional worry and dizzyingly high national debt? Spend more taxpayer money. The correction for a decade of Alan Greenspan&#8217;s bubble-inducingly low interest rates at the Fed? Lower them even more - as close to zero as possible, please.</p>
<p>Welcome to the era of big government, indeed.</p>
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		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[On Socialism: McCain Gets It Wrong]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/socialism/on-socialism-mccain-gets-it-wrong/" />
		<id>http://foundryforward.com/?p=70</id>
		<updated>2008-10-30T15:23:22Z</updated>
		<published>2008-10-29T06:04:36Z</published>
		<category scheme="http://foundryforward.com" term="Socialism" /><category scheme="http://foundryforward.com" term="election" /><category scheme="http://foundryforward.com" term="Glenn Beck" /><category scheme="http://foundryforward.com" term="John McCain" /><category scheme="http://foundryforward.com" term="president" />		<summary type="html"><![CDATA[Glenn Beck asks him about why socialism is bad. Predictably, McCain's against it, but for all the wrong reasons. The reasons he gives are incidental and all too common among so-called conservatives and libertarians, among others opposed to socialism, in America.]]></summary>
		<content type="html" xml:base="http://foundryforward.com/socialism/on-socialism-mccain-gets-it-wrong/"><![CDATA[<p>I listened to some of Glenn Beck&#8217;s show from today. He launched the first hour with a typically uninspiring interview with John McCain; it was low on content, low on charisma, and low on novelty. I don&#8217;t hate the guy, but while there were a good many Republican candidates this year who struck me as lackluster at best and creepy at worst, I find myself increasingly thinking that the party has elevated the weakest one in the field.</p>
<p>But one little snippet of the interview was not just uninspiring; it went to the heart of the problems I have with McCain. I understand the guy&#8217;s not a libertarian; he says that every now and then, and I very much believe him. But there&#8217;s more to it than that: I don&#8217;t believe that John McCain has a political philosophy at all.</p>
<p>Sure, he&#8217;s got his hot button issues: he&#8217;s against earmarks, against torture, against high taxes, and so on. But what is he FOR? And is it a cohesive philosophy? My impression is that he&#8217;s 3 parts politician and 1 part man, informed by polls and given voice through prepared speeches and catchphrases. And that&#8217;s probably better than most of what&#8217;s in Congress, but it&#8217;s not good enough to be the Republican nominee, and it&#8217;s not good enough to be President of the United States. </p>
<p>Glenn Beck asks him about why socialism is bad. Predictably, McCain&#8217;s against it, but for all the wrong reasons. The reasons he gives are incidental and all too common among so-called conservatives and libertarians, among others opposed to socialism, in America:</p>
<blockquote><p>
GLENN: Senator McCain, I hear people actually write me, say to me &#8212; I have a sister who said to me, &#8220;You know what, what&#8217;s the big deal with socialism. So what. He&#8217;s socialist. Why is that bad.&#8221; Could you please explain why socialism is bad?</p>
<p>SENATOR McCAIN: It doesn&#8217;t work, number one. It&#8217;s been tried many times. Second of all, redistributing the wealth creates disincentives to entrepreneurship, capitalism, small business, free enterprise. If people know that their hard earned &#8212; the fruits of their hard earned labor are going to be taken from them and given to others, then they are obviously going to have disincentives to work. The fundamentals of the free enterprise system is that less government is the best government. Now, there are times for government, in emergencies, in wars and, you know, many other areas where we can interpret it, but the fact is that government should let free enterprise, small business and capitalism function and, of course, it has to be &#8212; has to have regulation. Of course there has to be transparency. Of course Teddy Roosevelt was right where he said unbridled capitalism leads to corruption. But let&#8217;s not take people&#8217;s hard earned money that they worked to save and pass on to their children or build their businesses, let&#8217;s not take it away from them and give it to others. That&#8217;s &#8212; socialism is antithetical to progress and job creation and wealth, progress for all of society.
</p>
</blockquote>
<p>Number one isn&#8217;t that it doesn&#8217;t work. That&#8217;s one step away from an argument or a study or &#8220;research&#8221; that shows that it DOES work, at which point McCain will be left scrambling for some technicality about why the research is flawed. Or &#8212; far worse &#8212; it&#8217;s too easy for socialists to claim that past socialist experiments failed because there wasn&#8217;t enough monitoring, enough control, enough reports, enough information to allocate goods properly. Once it&#8217;s technologically feasible, the argument might go, perhaps Orwellian telescreens in every home would provide that necessary feedback to the government to make it all run smoothly.</p>
<p>For all his claims that he&#8217;s no economist (and indeed, he&#8217;s not), McCain has given an economist&#8217;s answer: valueless and mindful only of efficiency. We can all have a long, exhilarating discussion about how capitalism utilizes the information conveyed in market prices to allocate scarce resources more efficiently than any other system developed by the mind of man, and how the lack of such information crushes socialistic societies under twin burdens of waste and want. Well, at least I wouldn&#8217;t mind it. I&#8217;m probably in the minority.</p>
<p>Number one, and the only number that&#8217;s needed, is that socialism is grossly unethical and antithetical to America&#8217;s foundational ideas of rights and liberty. It&#8217;s wrong because it inverts the relationship between man and society so that rather than each man being an end unto himself, he is a means for the accomplishment of the &#8220;good of society.&#8221; Society, meanwhile, is a non-entity, so it&#8217;s impossible to define what its &#8220;good&#8221; is &#8212; the average good of everyone, the total good of everyone, equality, happiness, wealth, religion &#8212; but in any case there will be a long line of politicians and rulers willing to define it for you anyway, and make it so. Any right that you take for granted now, whether it be &#8220;conservative&#8221; (your wealth, your family, your guns, your religion) or &#8220;liberal&#8221; (your speech, your sexuality, your drugs, your privacy), will be abrogated without mercy when the political winds shift and the powers that be find your way of life destructive to the healthy whole. </p>
<p>In short, the glory of man will be eschewed for the glory of society. It&#8217;s a cruel irony indeed, because society is only a thing made up of men; and the poor, purposeless, mechanistic, suspicious dullards burdened by the yoke of full-fledged socialism will be counted with the vassals of feudalistic Europe as among the least glorious men ever to have lived.</p>
<p>THAT is why socialism is bad.</p>
]]></content>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[Code: Setting the DefaultButton property for a PasswordRecovery control in ASP.Net]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/programming/code-setting-the-defaultbutton-property-for-a-passwordrecovery-control-in-aspnet/" />
		<id>http://foundryforward.com/programming/code-setting-the-defaultbutton-property-for-a-passwordrecovery-control-in-aspnet/</id>
		<updated>2008-09-04T05:32:03Z</updated>
		<published>2008-06-07T15:19:01Z</published>
		<category scheme="http://foundryforward.com" term="Programming" /><category scheme="http://foundryforward.com" term=".net" /><category scheme="http://foundryforward.com" term="asp.net" /><category scheme="http://foundryforward.com" term="DefaultButton" /><category scheme="http://foundryforward.com" term="form" /><category scheme="http://foundryforward.com" term="PasswordRecovery" /><category scheme="http://foundryforward.com" term="user control" /><category scheme="http://foundryforward.com" term="web" />		<summary type="html"><![CDATA[Getting ASP.Net to handle Enter keypresses on a page that has more than one logical &#8220;form&#8221; has a generally easy solution in .Net 2.0+: just wrap each group of controls in an ASP Panel, set its DefaultButton property to the ID of the proper submit button.

PasswordRecovery contains the button we want to use (called SubmitButton, [...]]]></summary>
		<content type="html" xml:base="http://foundryforward.com/programming/code-setting-the-defaultbutton-property-for-a-passwordrecovery-control-in-aspnet/"><![CDATA[<p>Getting ASP.Net to handle Enter keypresses on a page that has more than one logical &#8220;form&#8221; has a generally easy solution in .Net 2.0+: just wrap each group of controls in an ASP Panel, set its DefaultButton property to the ID of the proper submit button.</p>
<p style="float:right;"><span id="more-32"></span></p>
<p>PasswordRecovery contains the button we want to use (called SubmitButton, SubmitImageButton, or SubmitLinkButton, depending on the SubmitButtonType property), so let&#8217;s specify it.</p>

<div class="wp_syntax"><table><tr><td class="line_numbers"><pre>1
2
3
</pre></td><td class="code"><pre class="html4strict" style="font-family:monospace;"><span style="color: #009900;">&lt;asp:panel <span style="color: #000066;">id</span><span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;prPanel&quot;</span> runat<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;server&quot;</span> defaultbutton<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;SubmitImageButton&quot;</span>&gt;</span>
    <span style="color: #009900;">&lt;asp:passwordrecovery <span style="color: #000066;">id</span><span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;pr1&quot;</span> cssclass<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;prStyle&quot;</span> runat<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;server&quot;</span> submitbuttontype<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;Image&quot;</span> submitbuttonimageurl<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;/images/submit.gif&quot;</span>&gt;&lt;<span style="color: #66cc66;">/</span>asp:passwordrecovery&gt;</span>
<span style="color: #009900;">&lt;<span style="color: #66cc66;">/</span>asp:panel&gt;</span></pre></td></tr></table></div>

<p>But the PR&#8217;s button isn&#8217;t within the scope of our Panel, so we get an error: <em>The DefaultButton of &#8216;prPanel&#8217; must be the ID of a control of type IButtonControl.</em></p>
<p>We need to give the Panel the complete path to the button. <a href="http://mudnug.evolvingweb.com/portal/blogs/all_in_a_days_work/archive/2007/08/15/set-defaultbutton-for-enter-keypress-in-asp-net.aspx">Matthew&#8217;s post</a> uses the code-behind to set the DefaultButton property to the button&#8217;s UniqueID, which has the full &#8220;path.&#8221; However, that yielded the same error for me.</p>
<p>The solution is to set DefaultButton to the nested button&#8217;s UniqueID, but to remove any nodes that are above your Panel&#8217;s scope (in the case above, &#8220;ctl00$contentArea$&#8221;):</p>

<div class="wp_syntax"><table><tr><td class="line_numbers"><pre>1
2
3
</pre></td><td class="code"><pre class="html4strict" style="font-family:monospace;"><span style="color: #009900;">&lt;asp:panel <span style="color: #000066;">id</span><span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;prPanel&quot;</span> runat<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;server&quot;</span> defaultbutton<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;pr1$UserNameContainerID$SubmitButton&quot;</span>&gt;</span>
    <span style="color: #009900;">&lt;asp:passwordrecovery <span style="color: #000066;">id</span><span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;pr1&quot;</span> cssclass<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;prStyle&quot;</span> submitbuttontype<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;Image&quot;</span> submitbuttonimageurl<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;/images/submit.gif&quot;</span> runat<span style="color: #66cc66;">=</span><span style="color: #ff0000;">&quot;server&quot;</span>&gt;&lt;<span style="color: #66cc66;">/</span>asp:passwordrecovery&gt;</span>
<span style="color: #009900;">&lt;<span style="color: #66cc66;">/</span>asp:panel&gt;</span></pre></td></tr></table></div>

<p>Now you don&#8217;t have to do something clumsy like convert your PasswordRecovery control to a template and nest your Panel in there (which swaps out 3 lines for 30).</p>
<p>Things to keep in mind:</p>
<ul>
<li>UserNameContainerID is the constant name of a container control within PasswordRecovery; it&#8217;s not a control that I named.</li>
<li>Remember to change the last part of your ID to SubmitImageButton or SubmitLinkButton if you&#8217;re using type=Image or type=Link, respectively.</li>
</ul>
<p>This has broader applications beyond just PasswordRecovery, so you can use it anytime you need a scoped ID for any control that&#8217;s nested within other controls.</p>
]]></content>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[A broadening of scope]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/uncategorized/a-broadening-of-scope/" />
		<id>http://foundryforward.com/uncategorized/a-broadening-of-scope/</id>
		<updated>2008-09-04T05:32:37Z</updated>
		<published>2008-06-07T15:17:59Z</published>
		<category scheme="http://foundryforward.com" term="Uncategorized" /><category scheme="http://foundryforward.com" term="blog" /><category scheme="http://foundryforward.com" term="Economics" /><category scheme="http://foundryforward.com" term="philosophy" /><category scheme="http://foundryforward.com" term="Programming" />		<summary type="html"><![CDATA[The following post is going to be a bit of a watershed for me on this blog, as it&#8217;s the first that isn&#8217;t about politics/philosophy/economics. But given that the loose formative theme behind this site is to outline a personal philosophy for evolving into the future (hence the blog&#8217;s name, FoundryForward), technology is a natural [...]]]></summary>
		<content type="html" xml:base="http://foundryforward.com/uncategorized/a-broadening-of-scope/"><![CDATA[<p>The following post is going to be a bit of a watershed for me on this blog, as it&#8217;s the first that isn&#8217;t about politics/philosophy/economics. But given that the loose formative theme behind this site is to outline a personal philosophy for evolving into the future (hence the blog&#8217;s name, FoundryForward), technology is a natural fit. (This is a more specific tech topic than I first imagined, but it&#8217;s in support of the broader topics of the .Net framework and, in turn, managed code and OOP.)</p>
<p>So for the very, very few readers who will come across this, be warned that the waters will soon be muddied with filthy bits of programming and that kind of thing, from time to time, which I&#8217;ll prefix with &#8220;Code:&#8221;  in the subject.</p>
]]></content>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[Arctic Monkeys&#8217; Opinions on &#8216;Live Earth&#8217; Less Sketchy Than Their Music]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/environment/arctic-monkeys-opinions-on-live-earth-less-sketchy-than-their-music/" />
		<id>http://foundryforward.com/?p=28</id>
		<updated>2008-10-30T02:05:00Z</updated>
		<published>2007-07-05T13:30:36Z</published>
		<category scheme="http://foundryforward.com" term="Environment" /><category scheme="http://foundryforward.com" term="Global Warming" /><category scheme="http://foundryforward.com" term="Arctic Monkeys" /><category scheme="http://foundryforward.com" term="ecology" /><category scheme="http://foundryforward.com" term="Environmentalism" /><category scheme="http://foundryforward.com" term="green" /><category scheme="http://foundryforward.com" term="Live Earth" /><category scheme="http://foundryforward.com" term="Music" />		<summary type="html"><![CDATA[Below its mirth-killing pun of a title, this AFP article announces that Arctic Monkeys &#8212; an irrationally popular British rock band &#8212; think that the Live Earth series of environmentally-themed concerts is stratospherically stupid. If they had delivered that opinion to me in the form of one of their songs, I probably would have missed [...]]]></summary>
		<content type="html" xml:base="http://foundryforward.com/environment/arctic-monkeys-opinions-on-live-earth-less-sketchy-than-their-music/"><![CDATA[<p>Below its mirth-killing pun of a title, <a href="http://www.breitbart.com/article.php?id=070705021655.nbclsj7s&amp;show_article=1&amp;cat=0">this AFP article</a> announces that Arctic Monkeys &#8212; an irrationally popular British rock band &#8212; think that the <a href="http://en.wikipedia.org/wiki/Live_earth">Live Earth</a> series of environmentally-themed concerts is stratospherically stupid. If they had delivered that opinion to me in the form of one of their songs, I probably would have missed the remainder; but as it happens, I agree with them.</p>
<p style="float:right;"><span id="more-28"></span></p>
<p>The article continues:</p>
<blockquote><p>They are not the only stars to take a cynical view of Live Earth, which aims to raise awareness about global warming but which will require many longhaul flights and thousands of car journeys to and from the music venues.</p>
<p>Many of the biggest acts have questionable environmental credentials &#8212; the car-loving rapper Snoop Dogg appeared in a Chrysler commercial last year &#8212; and there are doubts about the ability of pop stars to galvanise the world into action. [British spellings their own.]</p>
</blockquote>
<p>Large concerts and festivals have got to be one of the most energy-sucking forms of consumer activity that we&#8217;ve so far collectively devised (it&#8217;s brilliant, really). Between the combined travel, the audio equipment and lighting, the advertising and food prep, the preparation and cleanup of the grounds, and so much more, Mother Earth would owe you a firm leafy handshake if you stayed home to drive your coal-fired Hummer repeatedly around the block instead of attending.</p>
<p>But all good things have a price, and the mission can redeem the journey if the cause is worthwhile enough. <em>So what&#8217;s the cause</em>, you ask with baited breath. Well, I&#8217;ll tell you. There&#8217;s this thing, see, this theory, that human activity is warming the planet. I like to call it&#8230; Global Warming. No, this is a real thing. And by &#8220;thing&#8221; I mean &#8220;really, really ridiculous joke.&#8221; What&#8217;s that? You&#8217;ve heard of it already? Well&#8230;have your friends &#8212; ask the ones who really love bland music first, btw? Oh. Them too. Hm.</p>
<p>The above, of course, is a staging of the conversation that should have taken place within the first, oh, half hour of this thing being proposed, since the actual goal is &#8212; I&#8217;m not kidding here &#8212; to spread the word about Global Warming. (By &#8220;being proposed&#8221; I mean by Al Gore, and by &#8220;conversation&#8221; I mean &#8220;slide show.&#8221;) To their credit, the organizers do still seem a little bit torn on the issue of trying to make everyone just stay at home, based on the bands they&#8217;ve invited to perform.</p>
<p>So if you&#8217;ve been looking forward to the Live Earth concerts as a new fusion of new, cutting-edge social topics like Global Warming, and new, cutting-edge music like The Police, know that I sympathize. But for all the reasons outlined above, it&#8217;s imperative that you STAY HOME. But not only that: don&#8217;t watch the concerts on TV or listen to them online. If you must sate your desire for Live Earth coverage, take after my Arctic Monkeys example: accept written word only. If there&#8217;s something other than the Earth worth saving, it&#8217;s your delicate sense of musical good taste.</p>
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	</entry>
		<entry>
		<author>
			<name>Jeremy</name>
					</author>
		<title type="html"><![CDATA[The Intellectual Bankruptcy of Atheism]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/atheism/the-intellectual-bankruptcy-of-atheism/" />
		<id>http://foundryforward.com/?p=24</id>
		<updated>2008-09-04T05:33:47Z</updated>
		<published>2007-07-05T08:30:58Z</published>
		<category scheme="http://foundryforward.com" term="Atheism" /><category scheme="http://foundryforward.com" term="Christianity" /><category scheme="http://foundryforward.com" term="Religion" /><category scheme="http://foundryforward.com" term="agnostic" /><category scheme="http://foundryforward.com" term="atheist" /><category scheme="http://foundryforward.com" term="causality" /><category scheme="http://foundryforward.com" term="Digg" /><category scheme="http://foundryforward.com" term="logic" /><category scheme="http://foundryforward.com" term="philosophy" />		<summary type="html"><![CDATA[On a typical day, a perusal through the front-page dregs of Digg.com will yield an abundance of posts on highly predictable topics. I refer, of course, not to technology issues (you must be thinking of Slashdot the 2005 version of Digg), but the mandatory anti-Bush posts; a daily prescription of environmentalist bromides; a fair measure [...]]]></summary>
		<content type="html" xml:base="http://foundryforward.com/atheism/the-intellectual-bankruptcy-of-atheism/"><![CDATA[<p>On a typical day, a perusal through the front-page dregs of <a href="http://digg.com">Digg.com</a> will yield an abundance of posts on highly predictable topics. I refer, of course, not to technology issues (you must be thinking of <strike>Slashdot</strike> the 2005 version of Digg), but the mandatory anti-Bush posts; a daily prescription of environmentalist bromides; a fair measure of paranoid anti-corporatism; and, inevitably, the minefield of anti-theistic sophistry and exercises in intellectual self-congratulation. Each of these deserves its own post, but the volley of arrogant comments from atheists gets the hat-tip today.</p>
<p style="float:right;"><span id="more-24"></span></p>
<p>It looks like atheism is gaining currency in the United States: While the <a href="http://www.gc.cuny.edu/faculty/research_briefs/aris.pdf">most comprehensive study I found</a> shows &#8220;Atheism&#8221; declining modestly from 1990 to 2001, &#8220;No Religion&#8221; more than doubled, to 27.5M people &#8212; and it&#8217;s hard to imagine that a good number of them aren&#8217;t actually atheists, in deed (and online discussion) if not in polling honesty. The atheists on sites like Digg have the rather charming tendency to proclaim themselves more enlightened, scientific, worldly, and sophisticated (and sometimes altogether smarter) than the poor, benighted Christians and other theists. In story after story, the comment threads teem with vitriolic rejoinders of that nature to the relatively few theistic comments. But then, you&#8217;d probably miss the latter entirely if you didn&#8217;t think to show the comments that are buried with negative scores. Being ceaselessly berated with this kind of arrogant rhetoric naturally raises the question: <em>Is</em> atheism, in fact, more intelligent, more logical, and more enlightened than theism? Are Christians nothing more than a sad anachronism, a self-delusional throwback to our medieval ancestors, the last holdouts in the face of overwhelming scientific evidence?</p>
<p>[A note on terms: <em>Atheism</em> can refer to a few different things. An atheist generally believes: a) that there is no credible evidence of God's existence (<em>weak atheism</em>); b) that God does <strong>not</strong> exist (<em>strong atheism</em>); or c) both. Weak atheism, also called <em>nontheism</em>, is equivalent to agnosticism. Anecdotally, I'd say <em>strong</em> is the predominant usage, but strong atheists might just be more likely to star in anecdotes. In any case, my casual use of <em>atheism</em> does refer to the latter.]</p>
<p>The atheist&#8217;s first appeal is likely to be that of ridicule: &#8220;You really believe some 2000-year-old book of fairy tales?&#8221; Criticizing Christianity &#8212; or any other organized religion &#8212; is very easy, no doubt about it. There are far too many details, dramatic events, and literary flourishes to not strain even the most forgiving reader at some point. But unless the religion&#8217;s assertions can be disproved empirically, the atheist&#8217;s ridicule is nothing more than an appeal to &#8220;common sense,&#8221; which itself is all but useless when it comes to fundamental scientific truths about the universe &#8211;refer to particle physics and quantum mechanics as support for this. I&#8217;ve also read several atheistic appeals to <a href="http://en.wikipedia.org/wiki/Occam%27s_razor">Occam&#8217;s Razor</a>: <em>Why invent a complex god, with all his properties, rules, and history, to explain our origins, when there are simpler explanations to be found?</em> But again, when the atheist&#8217;s responses are either to not supply an answer at all (which, while indeed simpler, somewhat sidesteps its duties) or to replace one paradox with another (see below), he may as well leave Occam&#8217;s Razor in the drawer.</p>
<p><em>But Christianity </em>can&#8217;t<em> be disproved! It&#8217;s made to be non-falsifiable for just that reason!</em> I know, that&#8217;s got to be frustrating. But is it really that it was designed that way, that maybe only the non-falsifiable religions have flourished, or that by their nature, any philosophy that includes the origins of the universe <em>must</em>, at its core, be non-falsifiable? Even those scientific theories that concern minute details of our universe&#8217;s <em>mechanisms</em> are at present unfalsifiable &#8212; <a href="http://en.wikipedia.org/wiki/String_theory">string theory</a>, for instance (a point of no minor contention in scientific circles). The Big Bang is unfalsified, as are its competing theories, and science can&#8217;t even come close to touching things like the cause of the Big Bang itself.</p>
<p>It&#8217;s been claimed by atheists that such things are mere details, temporary swaths of darkness that will, in turn, be illuminated by science and reason in their relentless forward march. But at its heart, these questions are more fundamental than even science: <em>logic</em>, as currently conceived, is absolutely incapable of addressing our ultimate origins. While Christians allege that God always existed, atheists often counter that the universe was a spontaneous event, matter from a vacuum in the ostensible manner of quantum foam. While I&#8217;m sure that theory is one among many within atheistic circles, one constant binds all of these: None can skirt the logical axiom of <a href="http://en.wikipedia.org/wiki/Causality">causality</a>. What caused God to exist? What caused the mechanism that birthed the Big Bang? &#8220;The Big Bang just appeared&#8221; is no more satisfying than &#8220;God always existed&#8221;; from the standpoint of logic, each is a dreamland fantasy.* Atheists&#8217; assertions of intellectual superiority would thus appear to be ultimately empty expressions of self-aggrandizement.</p>
<p>In the final sum, a casual examination of atheism reveals a pseudo-religious affirmative belief in metaphysical constructs, the lack of empirical evidence for which undermines the scientific posturing that buys atheism its very credibility. The scientific method, in reality, is invoked by atheists only to deconstruct the peripheral concepts of <em>other</em> creeds, such as those of Christianity; for its part, atheism&#8217;s own rationalistic denial of God&#8217;s existence hasn&#8217;t even the most tenuous semblance of scientific rigor. Does this lack of logical mooring impugn atheism even more than it does theism? Not intrinsically. But for a movement that has coalesced on a supposed foundation of rationale and proof, atheism&#8217;s rather vacuous counterclaims border on the hypocritical. At best, the weak atheist&#8217;s &#8220;Eh, I dunno, show me proof&#8221; sentiment, while laudable, is hardly a watershed of critical thought.</p>
<p>No religious ideology can be based on pure reason, and one that claims to the contrary is mistaken or lying. Given that <a href="http://atheistalliance.org/aai/index.php">many atheists refer to themselves</a> also as <a href="http://en.wikipedia.org/wiki/Rationalism">rationalists</a>, their intentional claim on a rational path to transcendent truths is bold and clear. Claims are not truths, however, and boldness is no substitute for knowledge. Atheistic exceptionalism is an imaginative falsehood; but I applaud the unwavering faith of all those who steadfastly believe in it nonetheless.</p>
<h5></h5>
<p>* NOTE: Quantum mechanics has somewhat altered our understanding and observation of cause and effect. However, atheism was not predicated on these new understandings; and far from offering any answers to deep metaphysical problems, quantum mechanics raises many more questions.</p>
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		<entry>
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			<name>Jeremy</name>
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		<title type="html"><![CDATA[Oil Companies Accused of Participating in Capitalism]]></title>
		<link rel="alternate" type="text/html" href="http://foundryforward.com/economics/oil-companies-accused-of-participating-in-capitalism/" />
		<id>http://foundryforward.com/?p=13</id>
		<updated>2009-03-23T15:04:36Z</updated>
		<published>2006-01-31T19:39:29Z</published>
		<category scheme="http://foundryforward.com" term="Economics" /><category scheme="http://foundryforward.com" term="Economy" /><category scheme="http://foundryforward.com" term="Capitalism" /><category scheme="http://foundryforward.com" term="Congress" /><category scheme="http://foundryforward.com" term="ExxonMobil" /><category scheme="http://foundryforward.com" term="oil" /><category scheme="http://foundryforward.com" term="price-gouging" /><category scheme="http://foundryforward.com" term="prices" /><category scheme="http://foundryforward.com" term="profit" />		<summary type="html"><![CDATA[ExxonMobil&#8217;s announcement of quarterly earnings totaling $10.7B &#8212; and annual earnings of $36.1B &#8212; has this week provoked a predictable resurgence of the anti-&#8221;Big Oil&#8221; rhetoric that last spiked in early November of last year.
On November 10, executives from the major oil companies in the United States were questioned by US senators regarding the nature [...]]]></summary>
		<content type="html" xml:base="http://foundryforward.com/economics/oil-companies-accused-of-participating-in-capitalism/"><![CDATA[<p>ExxonMobil&#8217;s <a href="http://www.latimes.com/business/la-fi-exxon31jan31,0,5345162.story?coll=la-home-business">announcement</a> of quarterly earnings totaling $10.7B &#8212; and annual earnings of $36.1B &#8212; has this week provoked a predictable resurgence of the anti-&#8221;Big Oil&#8221; rhetoric that last spiked in early November of last year.</p>
<p>On November 10, executives from the major oil companies in the United States were questioned by US senators regarding the nature of their unusually high profits for the third quarter. Discussion hasn&#8217;t much dwindled on the topic since then, and I&#8217;ve consequently seen, read, and heard a good many people of all walks of life echoing the complaints of Congress that the profits in question are unfair, unpatriotic, and greedy &#8212; in short, that the consumer is being gouged by the oil companies.</p>
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<p>Most likely, you&#8217;ll hear people level the accusation that ExxonMobil, and companies like them, are engaging in &#8220;price-gouging.&#8221; Don&#8217;t expect most of the people who say it to actually have a clear definition for what it means, because most of them won&#8217;t. It will probably come close to something like &#8220;a company charging prices that are way higher than they should be, to take advantage of people who don&#8217;t have any other option.&#8221; Let&#8217;s consider that.</p>
<p>What should prices be? If you were to ask one of the irate accusers this in the context of, say, a gallon of gas, they might say, &#8220;Oh, $1.40 or so,&#8221; or some other price that they remember paying at one point or another and not minding too much &#8212; a &#8220;fair&#8221; price. (Be assured they&#8217;d suddenly remember just how fair $1.05 is as soon as you get it to $1.40.) Now, ask them when they last paid that price, and ask them how much inflation has gone up since then. Ask how the price of a barrel of oil has changed since then. Ask them how much of Exxon&#8217;s machinery was destroyed or damaged in the hurricanes of 2005, impinging their ability to cheaply refine oil. Ask them what the ideal ratio is between the prices for a barrel of oil and a gallon of gas. Throw in a question about the extent to which state taxes raise the price of gas. Finally, ask them the percentage increase in demand in the world, particularly China, since then. It&#8217;s my bet that they won&#8217;t have answers for these questions. But how can someone possibly tell us what the &#8220;fair&#8221; price of gas is, without knowing any of the details of supply, demand, taxes, or infrastructure? In such ignorance, they may be recommending a &#8220;fair&#8221; price that would actually cause the company to lose money on every transaction.</p>
<p>The other dimension of the term &#8220;price-gouging&#8221; is the notion that the consumer has no choice but to buy, at whatever arbitrary price the company decides to charge. I heard a man call into a talk radio show who lamented that between his and his wife&#8217;s driving to work, they were going broke &#8212; they were stuck. Well, there are, of course, a number of choices there; let&#8217;s enumerate just a few options.</p>
<p>1) Leave earlier and carpool, leaving one car parked.<br />
2) Buy a more fuel-efficient car.<br />
3) Use public transportation, even if only part of the way.<br />
4) Get a different job.<br />
5) Move closer to your job.<br />
6) Carpool with others, like co-workers.<br />
7) Get a motorcycle.<br />
8) Do less discretionary driving, particularly on weekends.<br />
9) Yes, this really includes driving the kids to soccer practice.<br />
10) Cut back temporarily on the other luxuries in life.</p>
<p>Nowhere is there a guarantee in life that you will be able to maintain precisely the same lifestyle at all times. As is implied from the options above, there need not be an easy solution confined to the transportation category itself. If you have to eat mac &amp; cheese 2 days a week to save money for gas, do it.</p>
<p>Unstated here is that he and his wife, knowing full well their distance from work when they moved or accepted the most recent job, decided it was worth it. If they didn&#8217;t even figure gas prices were a variable with some amount of risk in their acceptance, they&#8217;re unspeakably naive. We all accept risks in life, tacitly or explicitly, and depending on a variety of factors, we reap reward or trouble. Their gamble presumably paid off for a while; now it&#8217;s not. The world has changed &#8212; time to change your game plan along with it.</p>
<p>Therefore, the issue isn&#8217;t that you truly don&#8217;t have an option in whether you buy gas or not. The problem lies within the often-unstated &#8220;or else&#8221; that hangs silently at the end of the statement &#8220;But I HAVE to buy gas&#8230;&#8221; Usually, that &#8220;or else&#8221; amounts to nothing more than: &#8220;or else I can&#8217;t eat out as often&#8221;; &#8220;or else we&#8217;ll spend another hour a day carpooling&#8221;; or &#8220;or else I can&#8217;t keep the Suburban.&#8221;</p>
<p>When the &#8220;or else&#8221; is that you or your family won&#8217;t be able to survive, then you can talk. And in the extremely rare case that turns out to be true, I&#8217;d bet the gas money it&#8217;s your fault rather than Exxon&#8217;s.</p>
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