Monday, August 29, 2011

Armed Federal Marshals Raid Gibson Guitars

Hostage situation? Employee gone postal? Nope, the government was concerned with the type of wood being used in Gibson's guitars, which Gibson claims are licensed and imported appropriately from India. Gibson was raided two years ago for the same reason, and had their wood confiscated then too. No charges have ever been filed.

I guess that's what you get for manufacturing something in the US instead of India in the first place. I'm sure any companies who haven't learned that lesson already are taking note now.

Gibson's CEO explains his frustration on camera with this continued harassment and lack of due process here.

Sunday, August 14, 2011

CBO Projections

I saw a chart of CBO-projected government spending/revenue to 2021 in a meeting the other day, and the numbers are so hilarious that I wonder if anyone actually buys this stuff. I've taken the liberty of adding some of my own commentary:

I particularly like the fact that even after all of their rosy predictions about revenue, they still show the US running a massive deficit for the next ten years. At least we agree on that much, I guess.