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	<title>Comments on: On Lehman&#8217;s Real Estate and Obamanomics</title>
	<atom:link href="http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-2/#comment-167723</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 04 May 2009 17:03:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167723</guid>
		<description>Juan, 

thank you for the reference to http://www.amazon.co.uk/Maverick-Success-Behind-Unusual-Workplace/dp/0712678867

to be clear, I&#039;m not sold on OBM, per se, as The answer.  I was using it b/c it is more widely known/knowable, and acts as a meaningful place-holder for some good ideas that trend toward Open Source, increased Transparency, greater/broader Accountability/Power sharing..

But, franklin, who was asking the Q: has no response. For, I believe, it puts him in the position to see &quot;Gov&#039;t&quot; intervention is there to help &quot;Gov&#039;t&quot; First, not the Taxpayers/Serfs..

Again, thanks for the point out, I&#039;d not been familiar with that work..</description>
		<content:encoded><![CDATA[<p>Juan, </p>
<p>thank you for the reference to <a href="http://www.amazon.co.uk/Maverick-Success-Behind-Unusual-Workplace/dp/0712678867" rel="nofollow">http://www.amazon.co.uk/Maverick-Success-Behind-Unusual-Workplace/dp/0712678867</a></p>
<p>to be clear, I&#8217;m not sold on OBM, per se, as The answer.  I was using it b/c it is more widely known/knowable, and acts as a meaningful place-holder for some good ideas that trend toward Open Source, increased Transparency, greater/broader Accountability/Power sharing..</p>
<p>But, franklin, who was asking the Q: has no response. For, I believe, it puts him in the position to see &#8220;Gov&#8217;t&#8221; intervention is there to help &#8220;Gov&#8217;t&#8221; First, not the Taxpayers/Serfs..</p>
<p>Again, thanks for the point out, I&#8217;d not been familiar with that work..</p>
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		<title>By: Uchicagoman</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-2/#comment-167657</link>
		<dc:creator>Uchicagoman</dc:creator>
		<pubDate>Mon, 04 May 2009 14:29:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167657</guid>
		<description>In regards to the Brooks NYT article here are some clear counter-examples:

1)Can a woman work out hard/long enough to become as strong as a man?
2)Can a down-sydrome individual stare at a Calculus textbook his/her whole life and finally understand?
3)Do you become creative by do the same F***ing thing over and over?

The answer is no.  Simple biology folks.

We are all different. Some are &quot;blessed&quot; with certain capability above others.  But the crucial step in creating something of lasting value (say the General Theory of Relativity or any Masterpiece) and not simply novelty is hard-work and persistence.

Cheers.</description>
		<content:encoded><![CDATA[<p>In regards to the Brooks NYT article here are some clear counter-examples:</p>
<p>1)Can a woman work out hard/long enough to become as strong as a man?<br />
2)Can a down-sydrome individual stare at a Calculus textbook his/her whole life and finally understand?<br />
3)Do you become creative by do the same F***ing thing over and over?</p>
<p>The answer is no.  Simple biology folks.</p>
<p>We are all different. Some are &#8220;blessed&#8221; with certain capability above others.  But the crucial step in creating something of lasting value (say the General Theory of Relativity or any Masterpiece) and not simply novelty is hard-work and persistence.</p>
<p>Cheers.</p>
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		<title>By: Juan</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-2/#comment-167600</link>
		<dc:creator>Juan</dc:creator>
		<pubDate>Mon, 04 May 2009 06:09:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167600</guid>
		<description>Mark Hoffer,

One thing missing from &#039;open-book management&#039; is the element of control, i.e. with greater responsibility employees must also be more able to control processes and outcomes. You might take a look at Ricardo Semler&#039;s book: &#039;Maverick: The Success Story Behind the World&#039;s Most Unusual Workplace&#039; as an example of one means to do this within the boundaries of capitalism though true worker management would slip those bounds.</description>
		<content:encoded><![CDATA[<p>Mark Hoffer,</p>
<p>One thing missing from &#8216;open-book management&#8217; is the element of control, i.e. with greater responsibility employees must also be more able to control processes and outcomes. You might take a look at Ricardo Semler&#8217;s book: &#8216;Maverick: The Success Story Behind the World&#8217;s Most Unusual Workplace&#8217; as an example of one means to do this within the boundaries of capitalism though true worker management would slip those bounds.</p>
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		<title>By: Foghorn Longhorn</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-2/#comment-167524</link>
		<dc:creator>Foghorn Longhorn</dc:creator>
		<pubDate>Mon, 04 May 2009 01:48:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167524</guid>
		<description>On Obama, the man

Had a GREAT chance to make a difference, chose to piss it off and stick with the status quo.

Torture, nah let it go.

Bank fraud, nah let it go.

Contractor procurement fraud, nah let it go.

But then again, he may be a sharp dude, the last chump to take on the MIC got his ass planted in Dallas TX.</description>
		<content:encoded><![CDATA[<p>On Obama, the man</p>
<p>Had a GREAT chance to make a difference, chose to piss it off and stick with the status quo.</p>
<p>Torture, nah let it go.</p>
<p>Bank fraud, nah let it go.</p>
<p>Contractor procurement fraud, nah let it go.</p>
<p>But then again, he may be a sharp dude, the last chump to take on the MIC got his ass planted in Dallas TX.</p>
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		<title>By: Foghorn Longhorn</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-2/#comment-167520</link>
		<dc:creator>Foghorn Longhorn</dc:creator>
		<pubDate>Mon, 04 May 2009 01:39:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167520</guid>
		<description>First off, Obama and college for all.
Keep in mind that under the &#039;new and improved&#039; bankruptcy laws, student debts are FOREVER.
Lending standards don&#039;t matter because your debt can never &#039;go away&#039;.
Ruminate on that sheeple

Secondly, this total bullshit that you have to have a college education to succeed, this is only true for true dumbasses like Bush and Gore. How bright are these fucking geniuses?

Thirdly, as has been noted, what good is a college education if there are no jobs in your field of study. You get stuck with a couple hundred grand of debt and get to pay if off on a McDonalds salary.
Good luck with all that.

We elected the bastards, we better unelect the bastards.</description>
		<content:encoded><![CDATA[<p>First off, Obama and college for all.<br />
Keep in mind that under the &#8216;new and improved&#8217; bankruptcy laws, student debts are FOREVER.<br />
Lending standards don&#8217;t matter because your debt can never &#8216;go away&#8217;.<br />
Ruminate on that sheeple</p>
<p>Secondly, this total bullshit that you have to have a college education to succeed, this is only true for true dumbasses like Bush and Gore. How bright are these fucking geniuses?</p>
<p>Thirdly, as has been noted, what good is a college education if there are no jobs in your field of study. You get stuck with a couple hundred grand of debt and get to pay if off on a McDonalds salary.<br />
Good luck with all that.</p>
<p>We elected the bastards, we better unelect the bastards.</p>
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		<title>By: greg</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-2/#comment-167519</link>
		<dc:creator>greg</dc:creator>
		<pubDate>Mon, 04 May 2009 01:39:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167519</guid>
		<description>Vikrim Pandit-BS, MS in electrical engineering, MBA, PHD in finance

Angelo Mozilo- BSc, Honorary Doctor of Laws

John Thain-MBA Harvard, BS MIT

Stan Oneal-MBA Harvard

Hank Paulson-MBA Harvard

Steve Jobs- Some post secondary school courses

Bill Gates- Some secondary school courses

Yeah, we need more educated people running things!</description>
		<content:encoded><![CDATA[<p>Vikrim Pandit-BS, MS in electrical engineering, MBA, PHD in finance</p>
<p>Angelo Mozilo- BSc, Honorary Doctor of Laws</p>
<p>John Thain-MBA Harvard, BS MIT</p>
<p>Stan Oneal-MBA Harvard</p>
<p>Hank Paulson-MBA Harvard</p>
<p>Steve Jobs- Some post secondary school courses</p>
<p>Bill Gates- Some secondary school courses</p>
<p>Yeah, we need more educated people running things!</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-1/#comment-167516</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 04 May 2009 00:54:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167516</guid>
		<description>Transor, 

w/this: &quot; How about preventive medicine? N.B.: Pharmaceutical company execs are to “banksters” what Nosferatu is to Blacula.&quot;

you get to the heart of the matter.

and, then, this: http://www.codexalimentarius.net/web/index_en.jsp
needs to be pulled into view, w/: http://clusty.com/search?input-form=clusty-simple&amp;v%3Asources=webplus&amp;query=Codex+Alimentarius

makes for some nice reading, LSS: most herbs and foods will fall under a &#039;global governance&#039; regime.

see what the &#039;supplement&#039; folks think about this..

this is akin to what Whalen was saying about the Finance-sphere: &quot;Tough tootsies, Little Banks&quot;</description>
		<content:encoded><![CDATA[<p>Transor, </p>
<p>w/this: &#8221; How about preventive medicine? N.B.: Pharmaceutical company execs are to “banksters” what Nosferatu is to Blacula.&#8221;</p>
<p>you get to the heart of the matter.</p>
<p>and, then, this: <a href="http://www.codexalimentarius.net/web/index_en.jsp" rel="nofollow">http://www.codexalimentarius.net/web/index_en.jsp</a><br />
needs to be pulled into view, w/: <a href="http://clusty.com/search?input-form=clusty-simple&#038;v%3Asources=webplus&#038;query=Codex+Alimentarius" rel="nofollow">http://clusty.com/search?input-form=clusty-simple&#038;v%3Asources=webplus&#038;query=Codex+Alimentarius</a></p>
<p>makes for some nice reading, LSS: most herbs and foods will fall under a &#8216;global governance&#8217; regime.</p>
<p>see what the &#8216;supplement&#8217; folks think about this..</p>
<p>this is akin to what Whalen was saying about the Finance-sphere: &#8220;Tough tootsies, Little Banks&#8221;</p>
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		<title>By: Transor Z</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-1/#comment-167515</link>
		<dc:creator>Transor Z</dc:creator>
		<pubDate>Mon, 04 May 2009 00:34:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167515</guid>
		<description>Melvin Konner&#039;s companion book to the PBS series &quot;Medicine at the Crossroads&quot; is just as relevant today as it was back in 1994, seeing as how nothing has really changed: 
http://www.amazon.com/Medicine-at-Crossroads-Melvin-Konner/dp/0679742166/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1241395905&amp;sr=8-1

The section about community-based support services for the elderly in Ireland is simple and powerful. In some cases the service is as basic as a minimum-wage local kid buying groceries and stopping by to chat a couple times a week. But the fundamental cultural distinction is that Americans don&#039;t talk about death in a mature &quot;circle of life&quot; context, simple as that. And, of course, you have to be a part of a culture that gives a shit about the elderly.

These MSM dumb-ass talking point approaches to policy questions make me want to strangle some kittens. &quot;End of life care&quot; expenses -- whatever. How about preventive medicine? N.B.: Pharmaceutical company execs are to &quot;banksters&quot; what Nosferatu is to Blacula. 

Can you imagine &quot;W&quot; giving a one-on-one interview like this? LOL</description>
		<content:encoded><![CDATA[<p>Melvin Konner&#8217;s companion book to the PBS series &#8220;Medicine at the Crossroads&#8221; is just as relevant today as it was back in 1994, seeing as how nothing has really changed:<br />
<a href="http://www.amazon.com/Medicine-at-Crossroads-Melvin-Konner/dp/0679742166/ref=sr_1_1?ie=UTF8&#038;s=books&#038;qid=1241395905&#038;sr=8-1" rel="nofollow">http://www.amazon.com/Medicine-at-Crossroads-Melvin-Konner/dp/0679742166/ref=sr_1_1?ie=UTF8&#038;s=books&#038;qid=1241395905&#038;sr=8-1</a></p>
<p>The section about community-based support services for the elderly in Ireland is simple and powerful. In some cases the service is as basic as a minimum-wage local kid buying groceries and stopping by to chat a couple times a week. But the fundamental cultural distinction is that Americans don&#8217;t talk about death in a mature &#8220;circle of life&#8221; context, simple as that. And, of course, you have to be a part of a culture that gives a shit about the elderly.</p>
<p>These MSM dumb-ass talking point approaches to policy questions make me want to strangle some kittens. &#8220;End of life care&#8221; expenses &#8212; whatever. How about preventive medicine? N.B.: Pharmaceutical company execs are to &#8220;banksters&#8221; what Nosferatu is to Blacula. </p>
<p>Can you imagine &#8220;W&#8221; giving a one-on-one interview like this? LOL</p>
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		<title>By: km4</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-1/#comment-167511</link>
		<dc:creator>km4</dc:creator>
		<pubDate>Mon, 04 May 2009 00:14:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167511</guid>
		<description>Obamanomics does not get us back to ‘normal’ for the US economy ( those days are simply over ! )

Why ?
1) The projected budget deficit for 2009 is $2 trillion
2) The debt-drowned United States debt is already 350 percent of G.D.P and rising fast !
3) The Fed is now holding $10 Trillion of ‘assets’ ( mostly toxic ) transferred from too big to fail banks.
4) Other countries are now buying less of our debt 

So what can most Americans look forward to ?
a) for production businesses the wages of American workers will drop in order to compete
b) We already know most service based businesses ( excluding legal, medical, financial, a few others ) don&#039;t pay that well.

Bottom line: being frugal is the new black and with 70% of US GDP historically driven by consumer spending this is simply not sustainable going forward !</description>
		<content:encoded><![CDATA[<p>Obamanomics does not get us back to ‘normal’ for the US economy ( those days are simply over ! )</p>
<p>Why ?<br />
1) The projected budget deficit for 2009 is $2 trillion<br />
2) The debt-drowned United States debt is already 350 percent of G.D.P and rising fast !<br />
3) The Fed is now holding $10 Trillion of ‘assets’ ( mostly toxic ) transferred from too big to fail banks.<br />
4) Other countries are now buying less of our debt </p>
<p>So what can most Americans look forward to ?<br />
a) for production businesses the wages of American workers will drop in order to compete<br />
b) We already know most service based businesses ( excluding legal, medical, financial, a few others ) don&#8217;t pay that well.</p>
<p>Bottom line: being frugal is the new black and with 70% of US GDP historically driven by consumer spending this is simply not sustainable going forward !</p>
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		<title>By: jwc</title>
		<link>http://www.ritholtz.com/blog/2009/05/lehman-obamanomics/comment-page-1/#comment-167509</link>
		<dc:creator>jwc</dc:creator>
		<pubDate>Mon, 04 May 2009 00:05:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25454#comment-167509</guid>
		<description>Right on about the cost of end of life care.  It can be a lot more than $20,000.  Age 89, my mother has been in ICU three times in the last 14 months.  She is now in a nursing home.  Between illnesses, she is quite with it and alert, up in her chair and around in the wheelchair.  She has a DNR, and the family has turned down a couple of offered &quot;expensive&quot; tests.  But when someone is struggling to breath, you have to do something.  

Horrible, difficult issues.  That have to be addressed, somehow.  Obama is intelligently discussing them.  Good for him, that is where it has to start.</description>
		<content:encoded><![CDATA[<p>Right on about the cost of end of life care.  It can be a lot more than $20,000.  Age 89, my mother has been in ICU three times in the last 14 months.  She is now in a nursing home.  Between illnesses, she is quite with it and alert, up in her chair and around in the wheelchair.  She has a DNR, and the family has turned down a couple of offered &#8220;expensive&#8221; tests.  But when someone is struggling to breath, you have to do something.  </p>
<p>Horrible, difficult issues.  That have to be addressed, somehow.  Obama is intelligently discussing them.  Good for him, that is where it has to start.</p>
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