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The Law OF Diminishing Returns...
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WhiskeyGirl
Monkey All Star Jr.
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Posts: 7754
The Law OF Diminishing Returns...
«
on:
September 13, 2011, 05:46:16 PM »
Someone reminded me the other day of the "law of diminishing returns".
Is that the problem in this country?
The more we spend, the worse off we are?
What is the law of diminishing returns?
Quote
The law of diminishing returns is a classic economic concept that states that as more investment in an area is made, overall return on that investment increases at a declining rate, assuming that all variables remain fixed. To continue to make an investment after a certain point (which varies from context to context) is to receive a decreasing return on that input.
Quote
Other real-world examples abound:
A student considering one more hour of study after 2 AM.
A prospective car buyer evaluating the benefits of a higher grade of luxury vehicle
A farmer weighing adding an extra bushel of fertilizer to a saturated field of corn
A marketer analyzing the ROI of additional media buys in a long-running campaign
source -
http://searchcrm.techtarget.com/definition/law-of-diminishing-returns
Simply stated "the gain is not worth the pain"
The more money thrown at education, the less successful students seem to be? Why aren't we overwhelmed with examples of American schools beating all their global peers?
The more money we throw at healthcare, the lower we move in the rankings?
As 'we' throw more money at poverty, there seems to be increasing poverty?
Where does the money go? Why doesn't it seem to make anything better?
Over a TRILLION thrown at stimulus, unemployment up, mismanagement, crony capitalism...where are the jobs?
Now, a new 'American Jobs Act'...
Will anything Obama does make a real difference? Or are the money sprinklings just the new code language for $$$ pass-throughs to special interests? Cronies? Political nepotism? Favoritism? Corruption?
Sometimes, 'the gain is not worth the pain'...
The only gain is debt, and Obama seems to talk endlessly about default and bankruptcy...
just my humble opinions
Logged
All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
Offline
Posts: 7754
Re: The Law OF Diminishing Returns...
«
Reply #1 on:
September 13, 2011, 06:06:44 PM »
Quote
The chief executive of Gibson Guitar Corp., which has been the target of two federal raids in the past two years over the exotic wood it uses to make the instruments, said Thursday he wants Obama to show some concern for the nation’s job creators.
“It’s not easy to compete on a global basis,” Gibson's Henry Juszkiewicz told Fox News. “We’re competing with Chinese, European companies. We’d like to feel like we’re respected and help create jobs.”
Juszkiewicz was House Speaker John Boehner’s guest at Obama’s speech before a joint session of Congress on Thursday night, in which he unveiled a $447 billion plan to jumpstart the weak economy. Boehner's invitation to Juszkiewicz was a shot across the bow to the president, whose agenda of regulations and new taxes is seen by critics as anti-business.
Quote
On Thursday, he said his company’s track record of hiring Americans – 580 in the last two years – is now in jeopardy at a time when the economy can least afford it.
“Our employees’ jobs are at risk. Our business is getting shut down,” he said, adding that the dustup with the feds is causing business concerns. “We’re competing with other companies that aren’t facing the same treatment.”
http://www.foxnews.com/politics/2011/09/08/gibson-ceo-to-obama-show-some-concern-for-nations-job-creators/
~~~
NPR story -
Why Gibson Guitar Was Raided By The Justice Department
http://www.npr.org/blogs/therecord/2011/08/31/140090116/why-gibson-guitar-was-raided-by-the-justice-department
At the beginning of the piece, NPR has to make some corrections that seem to change the entire meaning of the original piece.
Quote
If President Obama was concerned that Republican threats to play hooky during his job speech Thursday night would result in a shortage of disgruntled faces in Congress, he needn’t have worried. On Thursday night, House Republicans hosted 13 business people to drive home the myriad ways in which they say that federal regulations are destroying American jobs.
Among the guests were farmers and manufacturers who say the Clean Air Act prevented them from expanding their businesses and creating new jobs. Perhaps the most high-profile guest seated in Speaker John Boehner’s box, however, was Henry Juszkiewicz, the chief executive of Gibson Guitar.
Quote
“Your agencies and this Administration are actively pursuing regulatory and legal policies that discourage job growth in the United States and encourage shipping those very same jobs overseas,” the letter says.
In his jobs speech, President Obama had a few words for those who demand more relaxed regulations.
“What we can’t do — what I won’t do — is let this economic crisis be used as an excuse to wipe out the basic protections that Americans have counted on for decades,” he said.
He went on: “We shouldn’t be in a race to the bottom, where we try to offer the cheapest labor and the worst pollution standards. America should be in a race to the top. And I believe that’s a race we can win.”
How about protection from unreasonable and unfair searches in the workplace?
http://green.blogs.nytimes.com/2011/09/09/guitars-a-federal-raid-and-a-jobs-speech/
Lets accelerate the race to the bottom in America by sending American jobs overseas...
As Obama hires more agents, government workers, and others, more jobs seem to be moving overseas.
The harder the DOJ works under Obama, the more unfair the system seems to be...
just my humble opinion
Logged
All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
Offline
Posts: 7754
Why single out Gibson?
«
Reply #2 on:
September 13, 2011, 06:11:31 PM »
"Blackburn Demands Feds Give Answers on Their Gibson Raid, Inquest"
Quote
“Having armed federal agents raid an iconic American company is no way to inspire economic certainty and spur job creation,” said Rep. Marsha W. Blackburn (R.-Tenn.), the vice-chairman of the Commerce, Manufacturing and Trade sub-committee of the House Energy and Commerce Committee.
The letter is part of Blackburn’s struggle to figure out why the administration is going after Gibson in such a heavy-handed manner, when there is significant question whether a crime has been committed, she said.
Quote
An affidavit filed with the search warrant request, referred to the illegal importation of wood from India, which the letter also addresses:
“The source country at issue, however, has no problem with Gibson’s actions. The deputy director general of foreign trade for India has stated that India would allow the export.”
The letter also raises the idea that Gibson, which has added 600 new jobs during the current recession, is the victim the government selective enforcement, in effect picking winners and losers, based on the fact that Gibson has imported the same wood without incident for the last 17 years, as have several of its competitors, who have not been raided by federal agents.
“We need to cut back some of the out-of-control regulations and hold the Obama administration accountable for selectively enforcing rules that are hindering job growth and killing small businesses,” the congresswoman said.
Perhaps Gibson is non-union? Other guitar makers are union? Why single out Gibson?
Quote
“Every guitar has a finger board. They took just about all our finger boards. Without finger boards we can’t build guitars,” he said. The federal agents from the Fish and Wildlife Service seized roughly $500,000 worth of critical wood. “The impact has been severe.”
While the guitar executive said he is scrambling to find replacement wood, he expects he will have to shut down operations in the next few weeks.
More families on unemployment? Is Obama giving away Gibson's business to campaign contributors? Cronies?
read more here -
http://www.humanevents.com/article.php?id=46108
Logged
All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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