Democrat politicians, especially
those running for the presidency, loudly and proudly clamor and scream
for higher minimum wages and increasing worker benefits. At the same
time, the business-world is changing rapidly around them while they
remain in the stone-age ideologically. Totally unaware of how their
policies will do the exact reverse of what they claim. Because quite
soon employers will totally eliminate a huge percentage of low-end
workers by automating to offset rising, unmanageable costs foisted upon
them predominately by government over-regualtion.
In
that regard, billionaire investor Jeff Greene said Thursday in a
interview on CNBC's "Squawk Box": “In the not-too-distant future,
humans in the workplace could go the way of the horse-and-buggy because
of the "exponential growth of artificial intelligence."
"When
we first had the internal combustion engine — the horseless carriages,
the car was called — look at all the horses they just put out to
pasture.” Making an ominous comparison to the present-day advances in
automation, he projected that, "We are going to be destroying jobs at a
record clip."
Mr.
Greene went on, “The way software, computers, robots are taking over …
what's going to happen more and more is the American worker is going to
be marginalized. Artificial intelligence (AI), right now, can do the
task of a 100 IQ person. Assuming a yearly increase of 1.5 percent in
the capabilities of AI, he argued, "Ten years from now … artificial
intelligence will do the tasks of a 120 IQ person."
As
a result, Greene said the American economy "could be heading off a
cliff," because both Republicans and Democrats are trying to use
traditional solutions to "nontraditional problems." The current model is
not working. We have to figure out how to reinvent the economy."
While
Mr. Greene is quite correct about his AI projections, because vast
numbers of jobs certainly are at risk, he’s wrong about the politics.
Because no Republicans in office, or running for one, are pushing for
any kind of increase in minimum wages which is the major stimulant for
worker replacement via automation. However, tired old, out-of-touch
Neanderthals like Bill’s wife and Sanders, remain clueless regarding how
the changing world’s gone past them, which is why their constituencies
keep shrinking and are jobless.
On
another topic, while headlines, and the POTUS himself, say one thing, the US
population says and believes quite the opposite. According to Rasmussen Reports today, “Just over one-in-four Democrats (27%), favor prosecuting those who don’t agree with global warming.”
So,
here we have good news again for Republicans, thanks to the POTUS.
Because “only 11% of Republicans and 12% of voters not affiliated with
either major party agree.” Which undoubtedly will reflect in the polls
next November.
What’s
most remarkable is that, listening to the major media global-warming
one is led to believe that it’s a key issue of great importance. Yet the
truth is that 68% of likely U.S. voters oppose the government
investigating and prosecuting scientists and others including major
corporations who question global warming. In fact, the new Rasmussen
Reports national telephone survey finds that only 17% favor such
prosecutions, with fifteen percent (15%) undecided.
In
total, just 24% of all voters believe the scientific debate about
global warming is over, although that’s up from 20% in July of last
year. Unchanged is the 63% who say that debate is not done yet, a huge
majority. Thirteen percent (13%) are not sure.
Thus
what the statistics indicate, is that by fulfilling another unfounded
campaign promise, and kowtowing to major self-serving contributors like
Tom Steyer, the POTUS still hasn’t gained the support of more than 2/3
of US voters, and won’t. Especially since warming isn’t actually
occurring at all, and hasn’t for the past 18 years.
According to Rasmussen: The margin of sampling error in their poll is +/- 3 percentage points with a 95% level of confidence.
And then, a friend sent this simple explanation of how the Obamacare health care tax actually works.
"1. In order to insure the uninsured, we first have to un-insure the insured.
"2. Next, we require the newly un-insured to be re-insured.
"3. To re-insure the newly un-insured, they are required to pay extra charges to be re-insured.
"4.
The extra charges are required so that the original insured, who became
un-insured, and then became re-insured, can pay enough extra so that
the original un-insured can be insured, so it will be ‘free-of-charge’
to them."
Simple socialism 101.
Which brings us to today’s update on Bill Clinton’s wife.
The Wall Street Journal’s Daniel Nasaw, @wsj.com, writes that: “President Barack Obama’s biggest campaign donors are
mostly sitting on the sidelines of the 2016 Democratic presidential
primary so far, not opening their wallets in support of Hillary Clinton
or Bernie Sanders.
“Almost
four-fifths of the people who gave the 2012 maximum $5,000 to the
president’s re-election committee hadn’t donated to a presidential
candidate by Oct. 1, a Wall Street Journal analysis of federal campaign
finance records found.”
Many
donors interviewed said, Bill’s wife hadn’t motivated them to give the
way Mr. Obama and previous Democratic candidates had. Still others said
they are put off by the larger role of super PACs and that their
donations to candidates, which are limited in this election cycle to
$5,400 for the eventual nominee, just don’t matter much anymore.
However, it was a reader, Dave Lind, who provided an opinion that is far more likely the truth.
Mr. Lind wrote: "Almost four out of five of his 2012 donors haven’t given any money to Hillary Clinton..."
“Why
would they give Clinton money if Clinton ends up in prison or pardoned
by Obama? She's "radioactive" right now with the FBI investigation
hanging over her head.”
Which
leads to the ongoing question: Joe Biden, Mayor Bloomberg, Jerry Brown,
and Starbuck’s chairman and CEO, Howard Schultz, are you reading
this?
That's it for today folks.
Adios
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