Saturday, February 28, 2009
The Journal is HOT.
Barack Obama's Budget Proposal Will Expand Government Permanently - WSJ.com
Barack Obama Commits to a U.S. Transitional Force in Iraq - WSJ.com
The right is finding its voice of opposition. I hope we succeed before this B-----d completely bankrupts our country.
OK, blog readers, show of hands (metaphorical, I mean, please comment), how many intend to change economic behaviour and financial planning (read tax avoidance) in response to the new "O" taxes and welfare state?
Thomas Fleming Asks Whether George W. Bush Was the Worst President - WSJ.com
Longing for a Different Era?
Friday, February 27, 2009
Thursday, February 26, 2009
I Give Up and So Should You
Hmm, maybe I'll apply for a job down at the Department of Stand-Up?
Those of you naive enough to think this will have no effect on the earnings and activity of the "rich" are sadly mistaken.
Looking at the deficit projections dwarfing those of the Bush years. I laugh, how Mr. Baxter thinks this is somehow a good thing. I guess he is a deficit hawk only when Republicans are in charge. And before you start, as the article says, it is going to get worse, not better, when the BB move through the system. Would that not argue to save some money now?
Obama Delivers $3.6 Trillion Budget Blueprint - WSJ.com
Stop and Think
Obama's Salary Cap
Go Liberals!!
Wednesday, February 25, 2009
No tingle up my legs, nothing.
Basically, I am taking over.
And fun? No mas. No corporate travel anymore. Don't you understand? It is my job to decide how much fun these Government run financial institutions get to have and besides it gets me populist votes. What? The resorts? I will just keep staying at the bankrupt ones, just my presence will fill their rooms.
And CEO pay? You bet! They are the worst aren't they? As always, if we have a significant distortion in the free market which fits our recipe for stoking the fire of class warfare, we will use it as an excuse to take over rather than let free people in a free market correct the problem. That guy in AZ, Terry, who just loves me, really loves this kind of stuff.
Last night was a real winner, did you see how in the spirit of Bipartisanship the first thing I said was that we spent the surplus on the "rich"? Everyone knows we should have kept the money and spent it on "social justice". Yes, yes I know that letting the "rich" keep their money really just puts it directly in the economy rather than through the government filter, but hey, we are just so much better at knowing where it should go.
Question? Sure. Halving the debt? Yes I said that. Only increasing taxes on a small portion of the population? Well of course, they are the "rich" you know. Shared sacrifice? Another day.
What? Well of course, we can halve the deficit by stopping the war in Iraq and taxing 5% of the country and micromanaging the economy
Holman Jenkins Says Barack Obama's Ideas on the Environment, Social Security and Taxes Are Democratic Indulgences - WSJ.com
Monday, February 23, 2009
"Distortion" that the Right Might Like
The Stimulus Plan is Working
Then the next day I opened the newspaper and saw what the stock market did.
AAAAchoooooo!!!!
Al, of Rant, did call you would blame the stock market on Bush. It's forward looking baby.
Anyway, about this article. For a moment of serious discussion. Part of the suspicion towards stuff like this is the obvious hostility towards stockholders, which I do not understand being that their stock is only valued at $1 per share. Honestly don't get it. Why not just pay off the shareholders and then reissue the stock to solve this issue?
Second, contrasting this with establishing a toxic bank which acquires these assets and cleans the balance sheets.
Lastly, if only 8% of Mortgages have defaulted (as is frequently said), how can this relatively small number affect such a large portion of banks? I smell a rat.
Saturday, February 21, 2009
Matthew Kaminski Says Governor Arnold Schwarzenegger's California Is Verging on Fiscal Insolvency - WSJ.com
Stated in the above article, I could not say it better, except...at some point the well of the successful will drain.
California is in a French-like bind: unable to afford a welfare-type state, and unable to overhaul it. "The people say they want all these programs, then there's nothing they want to pay for," says Hector De La Torre, a Democratic assemblyman. "The schizophrenia in the legislature reflects the peoples'."
And the following, which continues to ignore economic reality.
National Journal Magazine - How The Stimulus Falls Short
And after this he can address... reparations!
Go team "O"!
So much of Liberal/Socialist agenda to address, so little time (hopefully just 4 years). Let's put it all out there for the American people to examine.
It is not that we, Pro Business, Fiscal Conservatives, want him to fail, its is that he is failing and fast!
This article exactly states the boondoggle which is the start of the "O" Presidency.
Terry, you can only demagogue the successful for so long, at some point we have to support business. Tax cuts, tax cuts, tax cuts (and other business incentives). Not these BS, make work jobs contained in the Porkulus bill.
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Mortgage Plan Is Rewarding Bad.
The only way out of this crisis is free market Capitalism. Let these companies fail, other better companies will take their place. Let foreclosures proceed, it will be very painful, but the recovery is already underway, if we get government out of the way.
And for balance:
Stimulus: Good Money After Bad
Although if I were in charge of a large corporation and had do decide which environment to place my company, I would go with the former. The contrasts are stark.
Liberal/Socialism=California
Friday, February 20, 2009
Honestly, is not the whole country headed in the same direction as California under this administration?
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Reality Sets In
Told you, the "O"s policies are the same as "W".
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- In Order To Be Loyal, Oppositi.
All this is, is a power grab to control our country. It sure has not helped resolve this crisis.
As the Dow gently weeps. Acutally cries a river.
Thursday, February 19, 2009
I don't know if this is true, would not surprise me. I will leave it to Mr. Mark to opine.
Subject: Rahm Emanuel, White House Chief of Staff
Why doesn't Rahm Emanuel pay property taxes?
Wednesday, February 18, 2009
In case there was any doubt. Newsweek Feb 16
We Are All Socialists Now
Jon Meacham and Evan Thomas
In many ways our economy already resembles a European one. As boomers age and spending grows, we will become even more French.
Preview Article
Guess I hit a nerve.
First, I have not attacked the "O" personally although I do find his political development in the corrupt Chicago environment troubling.
Second, and this is easy to see coming:
Illegitimate presidency, stupid, dad got him into Harvard, Bush lied people died, no war for oil, war to avenge the assassination attempt on his dad, tax cuts for the rich, cocaine addict. Hummm....
We, the Conservatives, vehemently oppose these programs which are corrupting our country.
I have no issue that the "O" is not telling the truth. He talked about Socialism during his campaign and is now implementing it as a way of life.
I would have been at today's protest if I could have afforded the time away.
Tuesday, February 17, 2009
Jim still supports Privitizeing Social Security
Lehman Bros. Merrill Lynch, Wachovia, Bear Stearns, Goldman Sachs, AIG, Bernie Madehof, Royal Bank of Scotland, Citi Group, or Smith Barney. Lets try and give those honest Wall Street guys another chance, I am sure they won't piss it away.
Richard Miller Sets the Record Straight!
JIM-
You are really getting over the top lately. You conveniently forget that Dubya’s tax cut put us 1.3 trillion in the hole..and his crazy war will cost another trillion. You pronounced Obie the worst president ever after 2 weeks in the oval office…you forget the right had it’s own stimulus plan that would have cost roughly the same…you give no credit to Larry Summers..likely the smartest (Harvard educated..worked for both parties) economist in the nation…apparently J. Ganem knows a great deal more about international/micro/macro economics then any of our best and brightest….you continue to pat yourself on the back for creating a few jobs though thousands lose theirs daily..bottom line if they don’t make six figures..fuck them. You seem to be in the Rush Limbaugh “I want this guy to fail” corner instead of America’s. This plan may not work, but it will take years in any case. You have been making statements lately as facts, when in truth they are your ill considered notions. Here is a thought, why don’t we pay MDs the average of what the top 20 industrialized nations pay their doctors to offset the oceans of red ink that represents Medicare. Your constant rants against the left and those that support it reduce the importance of your words.
RM
Yes Terry we should privatize Social Security.
As the Democrats bankrupt our country Terry now asks how come we don't talk about privatizing Social Security anymore.
Terry... economic genus that we all are you of course realize we are using the S.S. fund to pay for current obligations. We have no money to pay for the coming Baby Boomers without huge tax increases.
So yes, it would have been great to allow folks to place a portion of their S.S. in an investment which they truly own. Remember, this was not directed towards current retirees.
And yes the current environment would have been difficult but it still would be better than having nothing which in truth is currently the case. If you believe in the American Economy then you must believe in the long term growth of its capital markets.
Your side, too busy being demagogue's, offered no alternative. The bankruptcy of our country is preceded by the bankruptcy of the left.
Monday, February 16, 2009
Terry and Rich, God bless you, stand up... you are Economic idiots.
Continued under comments.
Let us not forget the coming of Sharia Law in the US and the end of free speech in the west
Let's see how much main stream press this story gets. I am willing to bet very little.
How about this one. http://www.timesonline.co.uk/tol/news/uk/article5709892.ece
I am willing to bet if his views were anti-Christian that he would be allowed in. You should google his film "Fitna". A very powerful documentary film. Much of it is obviously based on fact. What ever happened to "freedom of speech"? If there was to be any rioting it would be by radical islamists and would again show their intolerance to others views and their support for terrorism. If you watch the film and you see the parts where little kids are interviewed and the hate that spews from their mouths you will wonder why our governments and the media continue to try and hide these things from us.
The wisdon of the Obamamessiah
Money Supply and Huge Inflation
Please take a look at the unprecedented growth in the money supply. The printing presses are working overtime. What do we think is going to be the long term result of this madness? My prediction is massive inflation like the kind we had during the Carter years. Possibly in excess of 20%. Too many dollars chasing too few goods. Interest rates will follow and we will see the US government paying massive amounts of interest to keep on financing the multi trillion dollar debt that we are accumulating.
Pay People More
NOTE TO GREENSPAN, FISHER, AND EVERYONE ELSE AT THE FED: WAGE INFLATION IS NOT THE GREATEST EVIL IN THE WORLD!!!!
Again, how about nothing? Cut taxes and accelerate depreciation. Foster business activity. The country and world are economic cocooning, how does this bill address this issue? I know! By limiting executive pay of banks that accept TARP funds...that is the ticket to economic prosperity. It would be LOL funny were it not so economically dangerous.
Sunday, February 15, 2009
G.O.P. Largely White Southern Party
The Bush era Republicans have no moral authority to lecture about deficits. And the small goverment, less taxes, party short on ideas and leaders is moving to less seats in Goverment, so I guess their winning on the small goverment idea.
Saturday, February 14, 2009
Friday, February 13, 2009
Let's be clear, you only liked Bush because he cried.
The only time a warm or good feeling was extended to Bush was after he cried when the chick reporter asked him a question about the loss of lives and their families. The touchy, feely left just eats up that crap. While empathy is nice, what a world power needs after it has been attacked is decisive thought and action. Bush admirably completed that mission and what he said that was really important after 9-11 was announcing the Bush Doctrine. Countries who harbor terrorists would not be tolerated and terrorist countries must renounce terrorism (he also said important things about non prejudice towards Muslims, but that is another story). Although there was lovey, dovey feelings for Bush after he cried, when he subsequently enforced his doctrine, he was excoriated by the left. So crying good, enforcing a policy of intolerance of terrorism or terrorists states that actually does something is bad. The left...hard to figure.
The Conservatives have been very clear regarding their opposition to this abortion of a bill. We oppose the creation of a socialist/Stalinist state which will be the logical outcome of the "O"s plans to "spread the wealth around". Now that this abortion looks like it is going to pass without any conservative support and frankly not a member of Congress aware of what is in this monstrosity, YES.... the "O" is the worst president ever! Didn't even take a month.
CNBC's "House of Cards"
Thursday, February 12, 2009
Criticism From the Republicans
The same party that never vetoed a single spending bill in 8 years, somehow is now concerned about spending. Sorry that does not even pass the laugh test. Maybe your looking for a leader for your party, and your thinking is let's obstruct, obstruct, and wait for the next election. Let's not put a plan into action that is transparent, trackable, and actually helps people. I am so sick of these Republicans who think narrow mindness and intolerance is morality.
Barry coming to U of Michigan
The spirit of Lincoln
Porkapalooza
Whatever happened to his promise of transparency? Have you seen a graph of the money supply lately? It is truly scary! H.L. Mencken said: "People deserve the government they get, and they deserve to get it good and hard." The majority of "We the People" are so stupid that they continue to vote for people like Barney Frank who never saw a page boy he didn't lust over, Christopher Dodd who swares he didn't get favorable treatment on his mortgage from Countrywide, Nancy "the wicked witch of the west with the face so stiff that she must buy Botox by the ton" Pelosi and Harry "open mouth and show us what an idiot you are" Reid. Who can forget "Roland Burris will never be sat here" or "the war in Iraq is lost". Now along with Barry we are asking the people who have more responsibility for the mess we are in to come up with a solution to get us out. Either these people are complete idiots or they feel their power is more important than what is good for this country. Please someone show me a time when Ãœberspending made a strong economy. Last time I saw a country try this type of stimulus the wall came down in Berlin.
Wednesday, February 11, 2009
The Porkulus Bill will be the "O"s Iraq
This abomination of a bill, which will undo years of welfare reform and has grown from $50 billion to over $800 billion (over a $trillion with tax consequences) and is laden with pork has unified the Conservative Movement and angered the American public. Schumer's comments today were the icing on the cake.
And because it is anti business and pro-paying back supporters it will not work.
This anvil will hang on the neck of the great "O" for the rest of his administration, as well as keep our children in debt forever.
And we still have Medicare and State bankruptcies to deal with. We do not have the money and we do not need this "stimulus" bill.
Monday, February 9, 2009
The "O" is sooo smart, he will save us.
Op-ed urges Obama to heed lessons learned from Canada's experience with government-run health insurance.
In an op-ed in the Wall Street Journal (2/9, A7, subscription required), Nadeem Esmail, director of Health System Performance Studies at Canada's Fraser Institute, suggests that the President and Congress examine "Canada's experience" as they inch "the US toward government-run health insurance." He asserts, "When individuals bear no direct responsibility for paying for their care, as in Canada, that care is rationed by waiting. Canadians often wait months or even years for necessary care." In 2005, the "Supreme Court of Canada found that Canadians suffer physically and psychologically while waiting for treatment in the public health care system, and that the government monopoly on essential health services imposes a risk of death and irreparable harm." Esmail argues that "the untold stories of" Canadian "citizens waiting a median of 17.3 weeks from mandatory general-practitioner referrals to treatment in 2008 show how miserable things can get when government is put in charge of managing health insurance," and he hopes that "Obama heeds the lessons that can be learned from Canadian hardships."
Blogger administrators note: Ya think that "when individuals bear no direct responsibility for paying" could apply to other aspects of life? Head long into Socialism the "O" way, get ready for some long lines.
Sunday, February 8, 2009
Michael Steele!
However, on This Week, my new man Michael Steele, talked true. Government jobs are not real, Government take over of industries is a fools gold.
My only regret is that the Republicans will not just say the truth. We are going to have a tough time but we will be through it if we leave you alone. We trust the American people to find their own jobs and invent their own industries.
A pulse, we have a pulse!
Saturday, February 7, 2009
Some ASS named Jerry posted this in the AZ republic.
I still hold that if the stimulus were divided among all the people of the USA equally, our economy would immediately boom - mortgages would be paid, credit cards paid, loans paid off, etc. Banks would not fail as a result.Where are we going to get this money Jerry? From the money Fairy? We are going to get this money from our kids and their kids and from those who have more than... you guessed it...Jerry! Right Jerry?
Paying all this bailout money to the financial institutions is doing nothing but soothing our fears that if they fail, we all fail. So how about this Jerry, we let the magic of Capitalism work and respect property rights. We quit forcing banks to loan money to those who cannot afford the payments and we let failing companies fail!
Wake up. We are all failing because we don't have what we need to meet our financial obligations. If we had what we needed to pay off our debts of all kinds, the financial institutions would all benefit and we could move forward. - Jerry Foster-Pitts, Phoenix No Jerry, you wake up to the U.S. of Socialism that you are turning this country into... Heaven help us with your kind in charge.
Monday, February 2, 2009
TOM DASCHLE APPOINTMENT
But I have to say I am "deeply disappointed" in the Daschle appointment.
Are you starting an administration with someone who FORGOT to pay taxes.
This is a former United States Senator who walked around the great statues in Congress of many great Americans in Washington D.C. proclaiming this is the greatest country in the world, and Daschle should be a role model for Americans and he does not pay his tax bill.
This is a joke, I am so sick of these guys ( politician's ) They are truly testing my belief that we all care. Obama shame on you, I truly thought you were different.