Monday Reads

Good Morning!

I’m finishing up a paper today that’s off to be published on Real Estate Investment Trusts (REITS). Don’t worry!  I won’t bore you with the details but it’s basically about locating speculation bubbles like the one that happened in real estate markets in the 2000s.  There were a lot of folks that made money off of that ride although most of us little guys lost a lot.  The reason I’m bringing it up is that my first read of the day is a Paul Krugman response to Allan Greenspan’s critique of Obama’s economic policy.  I just wanted to remind you of what a mess the first part of the century has been and that many of the pots and the kettles still appear to be confused about their true nature.  I mean, the entire mess has given me a great research agenda, but at what cost?

Greenspan’s tut tuts Obama’s ability to create economic chaos in the academic journal International Finance (pdf here). While most of us are still trying to figure out what went so horribly wrong, Greenspan is trying to pin the blame on the new guys. I’m going to quote his abstract because it’s just more of the same old same old  from one of the beasts that brought us to this mess and its worth the bask in the arrogance to just remember his access to power.  Greenspan says it’s too much government regulation and Obma activism that’s hampering the recovery and that he can prove it with bad, outdated statistical methods.  This comes from the man that gave Wall Street a lot of cheap money and no regulation so they could go hog wild.  The recovery may be tepid, the stock market may be recovering, but I’ll be damned if there’s any regulation left standing upon which he can float his argument. Oh, Krugman dismisses the methods by which Greenspan infers that it’s government activism and its inherent chaos that’s created a stale recovery.  To be honest, a first year doctoral student would use better methodology and know the literature better.  That really scares me, frankly. What did he do while at the Fed?  Reread The Fountainhead?

So, here’s the bubblemeister’s blowing you know what up you know where with techniques that wouldn’t get me published in a mimeographed neighborhood newsletter let alone International Finance. Why hasn’t this man retired to an island somewhere?

The US recovery from the 2008 financial and economic crisis has been disappointingly tepid. What is most notable in sifting through the variables that might conceivably account for the lacklustre rebound in
GDP growth and the persistence of high unemployment is the unusually low level of corporate illiquid long-term fixed asset investment. As a share of corporate liquid cash flow, it is at its lowest level since 1940.

This contrasts starkly with the robust recovery in the markets for liquid corporate securities. What, then, accounts for this exceptionally elevated level of illiquidity aversion? I break down the broad potential sources, and analyse them with standard regression techniques. I infer that a minimum of half and  possibly as much as three-fourths of the effect can be explained by the shock of vastly greater uncertainties embedded in the competitive, regulatory and financial  environments faced by businesses since the collapse of Lehman Brothers, deriving from the surge in government activism. This explanation is buttressed by comparison with similar conundrums experienced during the 1930s. I conclude that the current government activism is hampering what should be a broadbased robust economic recovery, driven in significant part by the positive wealth effect of a buoyant U.S. and global stock market.

So, here’s Paul Krugman with ‘Rantings of an Ex-Maestro’.

He’s no longer the Man Who Knows; he’s the man who presided over an economy careening to the worst economic crisis since the Great Depression — and who saw no evil, heard no evil, refused to do anything about subprime, insisted that derivatives made the financial system more stable, denied not only that there was a national housing bubble but that such a bubble was even possible.

If he wants to redeem himself through hard and serious reflection about how he got it so wrong, fine — and I’d be interested in listening. If he thinks he can still lecture us from his pedestal of wisdom, he’s wasting our time.

Brad Delong actually does some analysis over at his blog Grasping Reality.

I don’t see how this hangs together in any coherent fashion at all.

If businesses are unwilling to invest in illiquid capital out of the fear that government action will impair the value of their investments, businesses must also fear that government action will impair the value of their existing illiquid investments. What is the value of their existing illiquid investments? The value of their existing illiquid investments is nothing more than the stock market value of their companies–liquid stock market value is, in the last analysis, nothing more than the cash flows proceeding from the illiquid investments that companies have made that generate the profits.

A much better and more sensible explanation for the relatively high value that the stock market places on existing illiquid corporate assets and the relatively low value that companies place on illiquid investments to expand their fixed capital is precisely that capacity utilization is low–so why spend more money now building factories when doing so would be more expensive and only add to your idle capacity?

And, indeed, if you ask people running businesses what is their single most important problem, they say that it is not (as they sometimes say it is) taxes; they say that it is not (as they said it was at the start of 2000) the cost and quality of labor; it is not (as they said it was in 2004) the availability and cost of insurance; it is not (as they briefly said it was at the start of 1993) government requirements. What do they say their biggest problem is? Poor sales.

Yup, it’s pretty basic.  You gotta have customers and those customers gotta have jobs and decent paychecks.  That’s the problem right now.

So, just as a note for your reference, there is some indication of speculation bubbles in some REIT markets and just in case you’re interested in people that ride them to big fees, you may want to check out Erskine Bowles’ CV.  He’s not just one of the chairmisers of the Catfood Commision.  He’s a director of Cousins Properties, Inc.  That’s a REIT group. It’s a tough job finding more bubbles and creating more bubbles, but some one has to do it.  When he’s not begrudging old folks their social security annuities, he’s out there looking for ways to jack up their property values unrealistically.

Okay, so now for something completely different … the continuing war on public servants and their ability to have some say in their work lives.  Sodexo USA announced that it filed a civil lawsuit against the Service Employees International Union (SEIU) under the Racketeering Influenced and Corrupt Organizations (RICO) Act.  They accused the SEIU of extorting campaign contributions out of employees.

The lawsuit representing Sodexo is Hunton & Williams – the same firm SEIU and its allies have accused of launching a “dirty tricks” campaign against them in retaliation for their anti-Chamber of Commerce campaigns.

One of the largest food services and facilities management companies in the world, Sodexo is the provider of choice for most schools, universities, companies, hotels, prisons and other facilities that outsource their cafeteria and food catering operations, and for those that outsource industrial cleaning services.  SEIU has been incessantly battering Sodexo since 2007, in its desire to unionize some of its nearly 400,000 employees, many of them hotel and food service workers.  Exacerbating the tensions was a longstanding turf war between SEIU and UNITE HERE over hotel and casino workers, which often spilled over into SEIU’s antics prior to the settlement the warring unions reached this past summer.

Sodexo USA has filed the lawsuit in an attempt to halt the over-the-top harassment from SEIU, alleging that many of the acts are very serious and outside of the normal realm of union tactics, including acts of ” SEIU blackmail, vandalism, trespass, harassment, and lobbying law violations designed to steer business away from Sodexo USA and harm the company.”

If I were Sodexo or any of their lawyers, I would consider never eating in another school cafeteria again.  You know what disgruntled food workers tend to do to food, don’t you?  Anyway, follow the link even though it goes to Breitbart’s site and is basically a buncha propaganda. The Youtubes that “liberty chick” touts as offensive are actually pretty inspiring.

I don’t know if you’ve read about the criticism of Obama’s decision on Libya by various persons of interest, but here’s  a few to entertain you over coffee.

The Hill reports that Ralph Nader thinks Obama should be impeached for ‘war crimes’.

“Why don’t we say what’s on the minds of many legal experts; that the Obama administration is committing war crimes and if Bush should have been impeached, Obama should be impeached,” Nader said in an interview with the anti-war Democracy Now! organization.

Minister of Evil Louis Farrakhan asks Obama “Who The Hell Do You Think You Are?” over the President’s request to Gadhafi to step down. (Link to right wing blog here.)

FARRAKHAN: “I warn my brother do you let these wicked demons move you in a direction that will absolutely ruin your future with your people in Africa and throughout the world…Why don’t you organize a group of respected Americans and ask for a meeting with Qaddafi, you can’t order him to step down and get out, who the hell do you think you are?

Michael Moore’s been tweeting that Obama should have his Nobel Peace Prize recalled and continues to ask him if he really wants to be known as the “war president”.

May I suggest a 50-mile evacuation zone around Obama’s Nobel Peace Prize? #returnspolicy

Hey, I just quoted them for entertainment purposes.  I’m not making ANY editorial comments.  You can do that for me.

Here’s some updates for the BIG stories:

Japan’s Nuclear problems:

Japan had some success cooling reactors at the crippled Fukushima Dai-Ichi plant, bringing two of the six reactors under control and connecting a second electric cable to the station, according to reports. Asian nations are screening Japanese food imports, and Taiwan said yesterday it had detected radiation on vegetables from Japan that was within acceptable limits.

Edano said higher-than-normal levels of radiation were found in milk in four different locations in Fukushima prefecture and in spinach in neighboring Ibaraki prefecture.

Libya’s Gadhafi problems:

Whoa! WTF?!

The British defence secretary, Liam Fox, said the scale was in line with UN resolutions that had been”essential in terms of the Gaddafi regime’s ability to prosecute attacks on their own people”. He also said it was possible that Gaddafi himself could become a target of air attacks if the safety of civilians could be guaranteed.

Lousiana’s newest leaking deepwater rig:

Also, another Louisiana fisherman reports that fresh oil is coming ashore near South Pass, LA, and that cleanup crews are laying new boom near the beach. He also reports that cleanup crews in four-wheeled vehicles were patrolling the beaches near the marsh filled coast spraying a substance on the beach.

I don’t want ANY more substances on ANY more beaches!!!

What’s on your reading and blogging list today?

57 Comments on “Monday Reads”

  1. Woman Voter says:

    greenforyou Green For You
    Workers Evacuated as Smoke Rises From Japanese Nuclear Plant #green

    I hope we get some good news in the next two days, because there has simply been too much pain and hardship for the people of Japan.

  2. fiscalliberal says:

    I think it is fair to say that Greenspans thesis mentor was Ayn Rand versus some one who had a understanding in economics.

    • madamab says:

      As a Music and French major at a liberal arts school, I was required to take Econ 101, in which we learned concepts such as “supply and demand.” Following this concept, it would seem obvious that demand would go down if the unemployment rate rises and potential customers lose their ability to purchase supplies.

      My school was hardly Harvard Business, but somehow, I managed to grasp the basic idea.

      Free-market worshipers like Greenspan believe in the concept of “enlightened self-interest” instead of government regulation. They are not stupid, not uneducated…they are just ideologues, their faith in the innate brilliance and beneficence of business unshakeable.

      Of course this does not track with reality. People who run these giant corporations are far from the benevolent dictator types beloved by Ayn Rand and her followers. As has been proven since the advent of corporate personhood, deregulation leads to greed and corruption, not increased competition and choice. Try explaining that to a Libertarian, and you will get nothing but increasing pseudo-technical wordfoggery from him or her. Their blind faith in fairy tales precludes them from understanding the simplest economic concepts, such as “supply and demand.”.

      • cwaltz says:

        IMO Greenspan is not only a ideologue but a flim flam artist of the first order.

        Here’s a guy who actively particiated in the bamboozling of Americans by touting “creative” interest only loans.

        What he is doing now is the equivalent of crashing the car and then handing the keys to a friend and saying “he did it.”

        Anyone who was paying attention knows that he played a primary role in the collapse of our economy.

  3. Pat Johnson says:

    The resources of this planet are shrinking as the population increases yet few are giving any thought to the consequences of what this will mean in about 20 years.

    Rather than putting “thinking heads” together to come up with solutions, attention is given over the most idiotic people to grace the global stage .

    If oil is today’s shrinking commodity one can only imagine the devastation of the future as clean water and fresh food become a rarity due to the stupidity of the policies enacted or not by a handful of world leaders unable to see beyond maintaining their own hold on power.

    The devastation to this planet by the never ending wars and the refusal to work collaboratively as a global community to address climate change is a signal of where the entire planet may be heading.

    Possible devastion of life as we know it. And I firmly believe that I am not exaggerating the prediction.

  4. Pat Johnson says:

    “Local governments throughout Japan continue to test farm products, water, and air for dangerous levels of radiation. The science ministry began posting the results online on Saturday in four languages, including English.”

    Got a feeling that this is going to be a commonplace activity for decades to come.

    One can only imagine what this has done to the fish supply in that region not to mention the environmental impact that may turn that area into another Chernobyl.

    Yet the current crop of GOP contenders want to do away with the EPA. Michele Bachmann leads the list.


    • Woman Voter says:

      Flat Earth??? 😯

    • cwaltz says:

      Part of the problem though is the lack of faith in the government regarding it’s reports though.

      I am no Bachmann fan. She’s Sarah Palin without the likeable charisma. However, there are some points when reports come out with a political slant as has been the case in the past.

  5. bostonboomer says:

    When are they going to find out where the oil is coming from? I heard on NPR this morning that the stuff *isn’t* oil–anyone know about that? I sure would like an explanation….

  6. bostonboomer says:

    Yemen is beginning to sound more like Egypt and/or Libya, and Syria is on fire.

    Al-Jazeera: Top army commanders defect in Yemen

    Troops and tanks deployed in Sanaa to protect anti-government protesters as senior military officials back uprising.

    Protests and condemnation at Syria protest deaths

    Anti-government protesters in Syria’s southern city of Daraa called Monday for citizens to join a rally to mourn those who died in clashes with police over the past three days.

    Meanwhile, Human Rights Watch accused Syrian authorities of using “excessive force” in a crackdown on anti-regime protesters that killed five people in Daraa, 60 miles south of the capital Damascus.

    The U.S.-based rights group said in a statement: “Syria should cease use of live fire and other excessive force against protesters.”

    Agence France-Presse quoted Sarah Leah Whitson, HRW’s Middle East and North Africa director, as saying “The Syrian government has shown no qualms about shooting dead its own citizens for speaking out. Syrians have shown incredible courage in daring to protest publicly against one of the most repressive governments in the region, and they shouldn’t have to pay with their lives.”

    • bostonboomer says:

      Top Yemen officials quit after crackdown.

      Three top generals in Yemen declared their support for anti-government protests Monday as a wave of officials, including the deputy speaker of parliament, announced their resignations.

      One of the generals who broke ranks will order his troops to protect protesters demonstrating against the country’s longtime president, he told reporters in Yemen. Maj. Gen. Ali Mohsen Al-Ahmar’s announcement ramps up the pressure on President Ali Abdullah Saleh, who is seeing cracks in his support after 32 years in power.

      At least six top officials announced their support for the “peaceful revolution” on Monday, according to a government official who is not authorized to speak to the press and asked not to be named.

      They included a provincial governor, the ambassadors to Japan, Syria and the Czech Republic, and a top diplomat in the embassy in Washington.

  7. Woman Voter says:

    UN United Nations
    NOW: Live chat on changes in the past three months in Middle East, North Africa.

  8. Glenn McGahee says:

    BB, what you reported is really the only way I see these countries fall in line for their people. If things are so bad, I would expect the military to quit responding to orders against its own civilians. Thats when real change happens.
    I am having trouble finding information about the oil in Louisianna, surprise! What the hell are they spraying on those beaches and why. Where is the EPA. Corexit was bad enough and I’m sure we’re not finished with that. I bet they’re so happy to be off the front pages and history as far as our government is concerned. Japan! Libya! Look over there!!! Meanwhile, we’ve got our own problems being overlooked here as if everything is hunky dory. Government has become so impotent. We hear of Republican’s concerns over Social Issues as if our quality of life doesn’t have other problems. And those problems are BIG.
    Finally, Greenspan can kiss my ass. I remember how he’s testify before Congress using words that made no sense to anybody and our Representatives would just look at him in a daze with no questions thinking he must be so intellectual, he must know what he’s talking about so I don’t want to look foolish by asking basic questions. All the while, we were being raped by shady investors making political contributions to everybody so nobody questioned them.
    And finally we can thank the media for all of this since google came along, they no longer have to read long boring reports or ask questions. Thats why Elizabeth Warren is a breath of fresh air and must be destroyed. I’d love to get Dakinikat in there sitting beside her.

  9. Glenn McGahee says:

    I forgot to mention my biggest gripe of all. CORN. Stop using an important Food product to make an irresponsible and expensive additive to fuel that helps nobody except Tom Daschle.

    • Sophie says:

      And stop using GMO corn, subsidized by our tax dollars.

      • cwaltz says:

        I prefer the frankenfood be used for car consumption to human consumption.

        That being said I’d love to see us work on wind and solar energy.

        I’d love to see some real work on creating communities that can function without everyone having their own privately owned vehicle.

        Sadly, my community(the Christiansburg, not Blacksburg area) had to nix sidewalks and bike lanes because of the economic downturn.

        The bus routes are doing well though.

  10. fiscalliberal says:

    The next question on financial regulation is: Are Bernanke and Geitner a improvement over Greenspan and Paulson. I think they are better, but do not have sense of understanding or vision that Volker had.

    When Geitner testifies about what to do about Fannie and Freddy,we seem to get rehashed Republican and Banker talking points.

    Obama appointments are status quo people and nothing in terms of vision or solutions. Enron people went to jail -non of the bankers have been held accountalbe for bringing the system down.

    • cwaltz says:

      Bernanke isn’t awful but Geitner is a disaset imo. The guy is clueless and the clue ought to have been the fact he couldn’t even manage his own taxes.

  11. WomanVoter says:

    The Woman Who Scares Republicans

    No, it’s not Sarah Palin, who seems these days to be on the outs with the Washington Republican establishment. And it’s not Hillary Clinton, who at one time did hold the title for several years as the woman whom the Republicans loved to hate. According to Joe Nocera, Talking Business writer for The New York Times, Elizabeth Warren has become the punching bag for the new found Republican power legislators in Congress. Warren is President Obama’s adviser on the Consumer Financial Protection Bureau.

    Read more–>

  12. Sophie says:

    Pelosi was hospitalized in Italy. Article here. No, it doesn’t mention that it cost her nothing because they have a better health care program than we do.

  13. Minkoff Minx says:

    Did you all see this? After all is said and done, I think we are heading into Idiocracy territory.

    How Ignorant Are Americans? – Newsweek

    Most experts agree that the relative complexity of the U.S. political system makes it hard for Americans to keep up. In many European countries, parliaments have proportional representation, and the majority party rules without having to “share power with a lot of subnational governments,” notes Yale political scientist Jacob Hacker, coauthor of Winner-Take-All Politics. In contrast, we’re saddled with a nonproportional Senate; a tangle of state, local, and federal bureaucracies; and near-constant elections for every imaginable office (judge, sheriff, school-board member, and so on). “Nobody is competent to understand it all, which you realize every time you vote,” says Michael Schudson, author of The Good Citizen. “You know you’re going to come up short, and that discourages you from learning more.”

    It doesn’t help that the United States has one of the highest levels of income inequality in the developed world, with the top 400 households raking in more money than the bottom 60 percent combined. As Dalton Conley, an NYU sociologist, explains, “it’s like comparing apples and oranges. Unlike Denmark, we have a lot of very poor people without access to good education, and a huge immigrant population that doesn’t even speak English.” When surveys focus on well-off, native-born respondents, the U.S. actually holds its own against Europe.
    For more than two centuries, Americans have gotten away with not knowing much about the world around them. But times have changed—and they’ve changed in ways that make civic ignorance a big problem going forward. While isolationism is fine in an isolated society, we can no longer afford to mind our own business. What happens in China and India (or at a Japanese nuclear plant) affects the autoworker in Detroit; what happens in the statehouse and the White House affects the competition in China and India. Before the Internet, brawn was enough; now the information economy demands brains instead. And where we once relied on political institutions (like organized labor) to school the middle classes and give them leverage, we now have nothing. “The issue isn’t that people in the past knew a lot more and know less now,” says Hacker. “It’s that their ignorance was counterbalanced by denser political organizations.” The result is a society in which wired activists at either end of the spectrum dominate the debate—and lead politicians astray at precisely the wrong moment.

    • dakinikat says:

      I think part of the problem is that we continue to reject the notion of year round or close to year round school for children. Kids need more time to learn things these days. Also, it would offset the horrible influence religion has here.

      • madamab says:

        I wouldn’t mind year-round school, if we had enough teachers, updated our public schools with better books, computers and physical infrastructure, ditched No Child Left Behind and religious/counterfactual courses like “abstinence-only education,” and stopped giving young children so much pointless homework.

        Oh, and can we please pay teachers a lot more money? They are in charge of our future, and we seem to be doing more hating and blaming than appreciating these days.

        • dakinikat says:

          I think that they could go in quarters and teachers could have the option of taking any quarter off if they’d like so that there could be more flexible contracts for teachers. I’m not sure how that would fly with other teachers, however. I always liked the quarter system that I taught under in Nebraska. You would have like 10 weeks on and 2 weeks off. You really need a good solid break when you teach because it’s exhausting on all accounts.

    • Sophie says:

      And when did they stop teaching Civics in school because it was boring?

  14. Minkoff Minx says:

    Obama actually answered a question at his press conference in Chile. When I find the video replay/transcript I will post it.

  15. TheRock says:

    Can you believe this asshat is in Chile giving a press conference with the Chilean president and DOESN’T EVEN KNOW THE REASON FOR THE BAD FEELINGS BETWEEN OUR TWO COUNTRIES!!!!!! Asked by a Chilean reporter about the two cases involving our two governments, he gave a half witted 2-page essay about crap! It sounded like a filler paragraph in an exam day essay portion to make it seem like I wrote more than I actually did.

    HOW DID THIS GUY GET ELECTED??????????????????

    we are so f&*^_d.

    Hillary 2012

  16. Minkoff Minx says:

    Here comes the tracer images! New fight breaking out now in Tripoli…

  17. Minkoff Minx says:

    Just posted a thread with new links to breaking news in Libya and Japan…no commentary just links…;)

    • WomanVoter says:

      Have you seen the photo of the Libyan Youth, crammed into a little Toyota truck, while shooting anti-aircraft shots, while one guy is recording on a cell phone, nearly falling out of the little truck? Together the Libyans with their Japanese truck kept going. The visual, just spoke to the times/crisis both countries are facing and was truly remarkable.

  18. WomanVoter says:

    OK, I have a question, to ask others here in hopes that others too may know or have had experience with the following question. As you know, I keep up with WikiLeaks (Anonymous/AnonyMiss who support Free Speech/Democracy), but don’t go to the site (to read), didn’t download the files, nor the ‘security’ file, what ever that is…OK, I digress, but essentially here it is:
    Have any of you that teach, been asked to Swear, Affirm and Sign your Oath, as one does when elected to office or sworn into the military?

    So, I ask this because I never have had any org or employer send these papers out before and well, I consider supporting Human Rights a personal right and my Free Speech a Basic Human Right and well, it was just a bit weird to get that in the mail, proceeded with a call from the director. Heck if anything I would say that I am most patriotic, as those of us that seek to keep Free Speech and Freedom of The , are in essence supporting the basic foundation of a Free Society/Country/Republic. Without us pesky people who show up to meetings, spend time writing about Freedoms and Democracy, well, many more people would be willing to give up more of our rights until he had none and there in my opinion lies the real threat. Besides, as stated before, if anyone ever wanted to know, what I was thinking, they just have to read the blogs, women rights sites, or tweets…I hide nothing and would say the same in person.

    Those of you that know me a bit, know I volunteer and see helping others as a calling (Yup, some what religious there, although I never mention it) to those in need, no matter where around the world, especially the well being of little ones.

    Any hoo, thank you for your time and hopefully I will get some feedback from some of you on this issue.

    • dakinikat says:

      I have to sign an loyalty oat to the Louisiana Constitution in order to teach in the public universities here. Totally creeps me out. Especially since they amended it to ban marriage by GLBT which is something that has no business being in a constitution.

      • dakinikat says:

        and it also basically stated, so help me god before my signature which is technically against my Buddhist vows. I always cross that out and write, I so affirm in its place. Evidently that passes legal muster for Jehovah’s witnesses and others who say that is taking lord’s name in vain or something like that.

      • WomanVoter says:

        Gosh, I didn’t know that, the LGBT part…I am certain my Oath doesn’t have that for sure, but am dismayed that they would stick that in, like a bit of pork in bills to suit their wicked hating.

      • WomanVoter says:

        I have taken Oaths, but never had them send over a legal documents, with the ‘State and County’ as if ready to file for any violation in court. Very GlennBeckistanishy… I mean, really, what kind of trouble do they think I would get a maximum of 26 six people into???

        Thanks, for letting me know it is a ‘national’ trend and I am just getting acquainted with it now. 😦

    • dakinikat says:

      All those loyalty oaths are a leftover from red scares. Same with the pledge of allegiance and other symbolic shows that some folks seem to take seriously. I swear that most of these folks would burn The Constitution before they’d give up their pledge, anthems, and jingoist flag waving.

      • WomanVoter says:

        Remember when Glenn Beck was after the League of Women Voters because they didn’t say the Pledge of Allegiance? Well as it turns out the Pledge of Allegiance was written by a Christian socialist! Some times I wonder where Glenn Beck comes up with his hate mongering.

  19. Glenn McGahee says:

    Just what did that mailer ask you to do? To sign an oath of some sort? Never have I had to do that although I have just recently sent a FOIA request to the FBI to see what they track since I sign my real name to all my posts on the internet. Friends tell me I’m crazy to do that but I feel I need to stand by my statements.

    • WomanVoter says:

      An Oath, but they want it Subscribed and sworn to (affirmed) and certified (including the ‘official’ that officiates the Oath).

      I have taken an Oath when elected, and got a certificate of election etc, but it was never like this…which sounds as if they are putting you on notice, just not saying what they think you shouldn’t do or don’t approve of. I never discuss religion, and part of what I cover is legal (funny huh… :lol:) and an area on non discrimination policies, rights (not joking here) and policies/operations/safety/allied health related core components.

      Gee, it still feels like Bush is in Office…

      • Linda C says:

        Federal employees take an oath. The oath to work at the VA is the same one that the military uses. Both the VA and the military are under the Executive Branch of the government. So I had to swear to protect and defend the Constitution against all enemies. As a nurse, I guess I could use a syringe as a weapon. I also have access to some nasty catheters.
        I also took an oath when I worked for the state of OH.

  20. Glenn McGahee says:

    I had no idea. Yea, some of the language is creepy especially when insisting on Discrimination. Seems contradictory. Our country is in trouble. I may just join The Tea Party or something. Under the umbrella of many voices.

  21. Glenn McGahee says:

    I came across this in a comment on another blog. Can you read it and tell us if you’ve heard all this before? Teachers? I love teachers.