Caption: This guy really needs cable.
FIRST ITEM...Here's more on the breaking story from Tom Paine.com of how privatization and outsourcing hurt wounded U.S. Iraq and Afghanistan vets at Walter Reed and elsewhere.
WEST VIRGINIA ACTION ALERT: If you live in El Cabrero's beloved state of West Virginia, please contact your representatives in the House of Delegates and urge them to reject the state Senate's irresponsible corporate tax cuts, which would force cuts to K-12 education, the college and university system, health care and human services, etc. Thanks to Prevent Child Abuse WV, here's an easy way to do it.
THAT'S WHAT SHE SAID. We will now move on to the topic of Cabrero's favorite TV show.
And, no, it's not American Idol.
It's...what else? The Office! (American version, although the British is OK too.)
The show is sometimes excruciating, sometimes hilarious, and sometimes very realistic. That's Thursdays on NBC at 8:30.
It's also the subject of the "That's What She Said" blog by Julie Elgar, a labor and employment attorney. The subject of the blog is all the legal and other trouble that could happen if people really acted that way in the workplace.
My favorite episode was the one about diversity training...
Still, if I had to pick, I'd prefer a workplace that tilts more towards craziness than to inhuman efficiency.
Full disclosure: El Cabrero received no compensation for this unsolicited endorsement of a network TV show. A tour of Scranton would be nice though.
FORGIVE US OUR DEBTS, REVISITED. Earlier GR posts have noted America's current negative savings rate, which is about where it was in the depths of the great depression.
Here are some nuggets from the March 12 issue of Business Week:
...The average U.S. consumer has four credit cards, according to a recent nationwide sampling of 3 million consumer credit files. The most credit-happy states: New Hampshire and New Jersey, where 20% of customers carry 10 cards or more...
According to the survey, 51% of Americans have at least two credit cards, 14% have at least 10, and 14% use at least 50% of available credit.
Can you imagine what would happen to the U.S. economy if people had to live on what they actually earned? Holy crisis of overproduction and/or underconsumption, Batman!
GOAT ROPE ADVISORY LEVEL: ELEVATED.