Rewarding Bad Behavior

With the recent unveiling of the Obama administration's housing plan there is a growing concern that the government is promoting policies that reward bad behavior and punish good behavior. The housing plan is the latest policy where the government gives money to those who are in over there head. This is a somewhat more palatable policy than preceding bailouts as it focusses on helping the individual with mortgage problems. However, it is following a string of policies that that basically says 'if you screw up, the government is here to give you money.' Businesses and individuals that pay their bills and taxes on time are subsidizing those who don't. The housing plan isn't completely without merit, but this trend of government bailouts big and small is wearing on many as can be seen in this CNBC clip of Rick Santelli becoming fed up with the government rewards for bad behavior on the floor of the Chicago Stock Exchange...

---

Punishing Good Behavior

Drummer Louis Bellson Passed Away at 84

Louie Bellson, a jazz drummer and bandleader who combined remarkable instrumental virtuosity with far-ranging compositional skills, has died. He was 84.

According to his wife, Francine, Bellson died Saturday at Cedars-Sinai Medical Center in Los Angeles of complications of Parkinson's disease following a broken hip in November.

Bellson's long, productive career stretched from his teens -- when, in competition with 40,000 other young players, he won the Slingerland National Gene Krupa drumming contest -- to the tours and seminars he continued until 2008.

Best known as a superlative big band drummer as a result of his work in the 1940s and '50s with Tommy Dorsey, Count Basie, Benny Goodman, Harry James, Duke Ellington and others, Bellson was also an adept small group player. His more than 200 recorded appearances as leader and sideman encompass sessions with Jazz at the Philharmonic, Woody Herman, Stan Getz, Dizzy Gillespie, Louis Armstrong, James Brown and dozens of others, including Ellington's Big Four alongside guitarist Joe Pass and bassist Ray Brown.

"What makes Bellson so special," former Times jazz critic Leonard Feather wrote in 1991, "is his overall musicianship. A gifted composer and arranger who has written everything from jazz instrumentals to ballets, he can incorporate his role logically instead of banging away without regard to the dynamic or melodic structure of the work in progress."

Lost in Space

Lost in Space from Wired counts down eight weirdest items lost in space. From human remains to a spatula here are the Wired's list...

1. Spatula

2. Tool bag

3. Glove

4. Tank of ammonia

5. Gene Roddenberry's ashes

6. Pee

7. Pliers

8. Camera

For more detail read Wired's Lost in Space article.

What's $1 Trillion?

With the Economic Stimulus approaching the $1 trillion mark, lets look at what $1,000,000,000,000.00 equates to…

$1,597,444 check for all of the 626,000 people that have filed unemployment claims this month.

$227,272 check for all 4.4 million people collecting unemployment benefits.

$333.33 check for every American man, woman, and child.

It would take a worker making $50,000 a year 20 million years to earn $1 trillion.

If ever ticket of every home Red Sox home game at Fenway Park for the 2009 season was sold for $308,642.00 each that would equal $1 trillion.

The GDP of Mexico is just over $1 trillion.

The GDP of India is also just over $1 trillion.

The combine GDP of the following countries is approximately $1 trillion…

Uruguay, Lebanon, Yemen, Uzbekistan, North Korea, Cyprus, Estonia, Ethiopia, Cameroon, Trinidad and Tobago, Ivory Coast, Panama, El Salvador, Tanzania, Equatorial Guinea, Iceland, Bahrain, Bosnia and Herzegovina, Macau, Jordan, Bolivia, Ghana, Brunei, Paraguay, Gabon, Zambia, Uganda, Senegal, Botswana, Honduras, Burma, Albania, Jamaica, Republic of the Congo, Georgia, Democratic Republic of the Congo, Afghanistan, Nepal, Armenia, Cambodia, Mozambique, Madagascar, Republic of Macedonia, Chad, Mali, Malta, Burkina Faso, Mauritius, Namibia, Haiti, Benin, The Bahamas, West Bank and Gaza, Nicaragua, Papua New Guinea, Moldova, Niger, Laos, Jersey, Kyrgyzstan, Liechtenstein, Mongolia, Tajikistan, Aruba, Zimbabwe, Montenegro, Guinea, Malawi, Rwanda, French Polynesia, Fiji, Barbados, Mauritania, New Caledonia, Kosovo, Togo, Suriname, Swaziland, Guam, Guernsey, Isle of Man, Somalia, Central African Republic, Sierra Leone, Cape Verde, Faroe Islands, Greenland, Lesotho, Eritrea, Belize, Bhutan, Maldives, Guyana, Antigua and Barbuda, Gibraltar, San Marino, Saint Lucia, Djibouti, Liberia, Burundi, British Virgin Islands, The Gambia, Seychelles, Grenada, Northern Mariana Islands, Saint Vincent and the Grenadines, Vanuatu, Saint Kitts and Nevis, Comoros, Samoa, East Timor, Solomon Islands, Guinea-Bissau, Dominica, American Samoa, Tonga, Micronesia, Cook Islands, Palau, São Tomé and Príncipe, Marshall Islands, Anguilla, Kiribati, Tuvalu
 
If you'd like your political representatives to now what $1 trillion equates to, their contact info can be found at...
 
Senators - http://www.senate.gov/general/contact_information/senators_cfm.cfm
 
Representatives - https://writerep.house.gov/writerep/welcome.shtml
 

---

Stimulating Math

Stimulus Money for Beekeeper Insurance

Republican Challenges to Wasteful Stimulus Plan

Republican Senators put together an alternative stimulus package that has a much lower price tag than the current version of the stimulus bill, as the AP reports that the current plan tops $900 billion. The Republican alternative allows home owners to refinance their home mortgages at a low interest rate that will help the home owner and help stabilize home prices in general. This plan also provides more money for infrastructure projects than the current bill and cuts the payroll tax and the corporate tax to encourage economic growth and job creation. Also, it requires spending cuts once the economy has rebounded helping to limit the amount of future government debt. CNN reports not only that their is a this second bill, but moderates are also working on the current bill trimming the excess pork...

Some Republicans want to take it a step farther than their party's leaders. Ten Republican senators, including Sen. John McCain, want more funds -- almost $90 billion -- for infrastructure. They are shopping around a plan with a price tag of just under $500 billion.

"We can either fight the Democrat proposals, which would increase the deficit incredibly and mortgage our children's futures and not beneficially stimulate our economy, which we will do, in many respects. But we have to have a proposal of our own," said McCain, R-Arizona.

That version of the stimulus measure, put together by Florida Sen. Mel Martinez, is broader than the one proposed by GOP leadership, but narrower than the Democratic bill.

The group of Republicans met Tuesday to discuss their plan because they don't believe their leadership's approach, focusing exclusively on the housing crisis and tax cuts, is enough to jump-start the economy.

Another alternative that's getting a lot of attention is a bipartisan plan from Nebraska Democrat Ben Nelson and Maine Republican Susan Collins. The two moderate senators are looking at the current economic stimulus package and trying to scrub it of all spending that they say will not stimulate the economy.

One attempt to trim pork from the current bill was successful. An amendment passed sponsored by Tom Coburn that eliminated a $246 million dollar tax break for Hollywood movie companies.

---

Senator McCain has sponsored a petition protesting the current version of the stimulus bill...

Sign Vote No On The Stimulus Package Petition

---

Republican Senators Put Together Alternative Stimulus Package

Petition Protesting Bloated Stimulus Plan

Senator McCain sent an email to supporters explaining his opposition to the current emergency economic stimulus package stating that...

Yesterday, the Senate began debate on an economic stimulus package that is intended to get our economy back on track and help Americans who are suffering through these difficult times. Unfortunately, the proposal on the table is big on the giveaways for the special interests and corporate high rollers, yet short on help for ordinary working Americans. I cannot and do not support the package on the table from the Democrats and the Obama Administration. Our country does not need just another spending bill, particularly not one that will load future generations with the burden of massive debt. We need a short term stimulus bill that will directly help people, create jobs, and provide a jolt to our economy.

He further explains the myriad of problems with this bloated stimulus package and asks for people to sign a petition to voice their disapproval of this bill.

Sign Vote No On The Stimulus Package Petition

---

John McCain Sponsors Petition Protesting Bloated Stimulus Plan