Not even Nostradamus could have foreseen the breath and depth, but this is a good qustion
But this is the most important one: "Mr. Geithner, the job of the New York Fed is to -- now I am quoting its own web site -- 'supervise and regulate financial institutions in the Second District [Wall Street]. Its primary objective is to maintain safe and competitive U.S. and global banking systems.' You have been in your current post since 2003 and during that time the U.S. financial system has come close to complete disintegration. Why do you deserve a promotion?"
James Pethokoukis
http://www.usnews.com/blogs/capital-commerce/2008/11/26/timothy-geithner-obamas-teflon-treasury-secretary.html
Wednesday, November 26, 2008
Monday, November 24, 2008
Déjà vu: Jimmy Carter
Former US President Jimmy Carter has said the crisis in Zimbabwe is "far worse" than he had imagined According to the BBC http://news.bbc.co.uk/2/hi/africa/7746229.stm
Didn't he have the same reaction when the Soviets invaded Afghanistan?
Will he ever learn: You can trust communist to act like communist and thugs to act like thugs.
Didn't he have the same reaction when the Soviets invaded Afghanistan?
Will he ever learn: You can trust communist to act like communist and thugs to act like thugs.
Wednesday, November 12, 2008
Check Barney Frank's Car Loans
Has someone checked Barney Franks car loans? Frank: $25 billion from bailout should go to carmakers. What rate did Chris Dodd get?
Tuesday, November 4, 2008
The President of us All
Barack Obama will be the President of us all. We should all wish him well
I hope my apprehension and fear prove false. I am completely aware that elections have consequences and to demonize for the sake of political gain, as has gone on in the last eight years to great effect, is wrong. Just as true criticism is not divisive but in fact patriotic
I hope my apprehension and fear prove false. I am completely aware that elections have consequences and to demonize for the sake of political gain, as has gone on in the last eight years to great effect, is wrong. Just as true criticism is not divisive but in fact patriotic
Why Fear an Obama Election Part B:
1. Union check-off elections. To “stop” employer intimidation in a secret ballot vote, monitored by government workers The Obama/ Democrats will now allow the vote on a post card, handed out by Union workers, collected by union workers, and handed in by union workers. Does this even pass the smell test?
2. Increase in Capital Gains Tax. The first effect of this will come as many long held family or closely held businesses sell out to avoid the increase. Then the simple economic formula of “capital creates jobs” will kick in... When there is less capital to invest there will be less jobs created. SPECIAL NOTE: Watch for the “bump” in capital gains tax revenue increase to be used as evidence that the increase in the rate won’t hurt. HMMM… but the increase will come on the old rate to get it in before the new rate kicks in.
3. Social Security turns into welfare: The “deal” on Social Security was between generations. You pay in for your grandfather and your grandchildren pay in for you. It was not meant to be a redistribution plan. All were in and all got a benefit. Over the years this lessened some as demographics changed and COLAs were introduced. Now Obama/Democrats want the “rich” to put more into now and get less later and not only that but also give a tax credit to low income workers for their social security contribution. BTW these low income workers pay no income tax now.
4. Cutting Taxes for 95% currently almost 40% pay no income tax now because of tax credits, the standard deduction/exemptions and the Earned-Income Tax Credit, basically a reverse tax that pays people in low income groups. Obama/democrats want to up this level to about 50%. So essential 50% of people who work will pay NO INCOME TAX AT ALL and in most cases actually get money from the government. Talk about class warfare!
5. Healthcare, Fairness Doctrine, Revenge on Bush.........All things the Obama Election will bring. It is a checklist. Print it out and check back in four years
2. Increase in Capital Gains Tax. The first effect of this will come as many long held family or closely held businesses sell out to avoid the increase. Then the simple economic formula of “capital creates jobs” will kick in... When there is less capital to invest there will be less jobs created. SPECIAL NOTE: Watch for the “bump” in capital gains tax revenue increase to be used as evidence that the increase in the rate won’t hurt. HMMM… but the increase will come on the old rate to get it in before the new rate kicks in.
3. Social Security turns into welfare: The “deal” on Social Security was between generations. You pay in for your grandfather and your grandchildren pay in for you. It was not meant to be a redistribution plan. All were in and all got a benefit. Over the years this lessened some as demographics changed and COLAs were introduced. Now Obama/Democrats want the “rich” to put more into now and get less later and not only that but also give a tax credit to low income workers for their social security contribution. BTW these low income workers pay no income tax now.
4. Cutting Taxes for 95% currently almost 40% pay no income tax now because of tax credits, the standard deduction/exemptions and the Earned-Income Tax Credit, basically a reverse tax that pays people in low income groups. Obama/democrats want to up this level to about 50%. So essential 50% of people who work will pay NO INCOME TAX AT ALL and in most cases actually get money from the government. Talk about class warfare!
5. Healthcare, Fairness Doctrine, Revenge on Bush.........All things the Obama Election will bring. It is a checklist. Print it out and check back in four years
Monday, November 3, 2008
Why to fear an Obama victory: Part A: National Security
Why to fear an Obama victory
Part A: National Security
1. Will neuter American power and influence, to fit in with the UN view of how America should act in the world. We will no longer be “THE” nation at the table, but just one of many sitting at the table.
2. Will be much more accommodating and conciliatory to nations such as Iran, Syria, North Korea and Venezuela, as if, it is our current policies that “force” them to behave as they now do.
3. Will diminish the value of our military, so all we will end up doing in times of crisis is “talking loudly” instead of being able and willing to back it up with a “big stick”
4. Will force our allies to take actions that they otherwise would not, because they won’t be able to trust that we will stand by them. Ukraine, George and other former soviet dominated countries will seek accommodation with a resurgent Russia rather than standing on principle or protecting their own sovereignty. Worst of all Israel will be forced to deal with Iran on their own with all the dire consequences that will bring.
5. How will Japan, Columbia, South Korea, Taiwan, the countries of Eastern Europe as well as the Gulf States react to the “New” America. ?
6. Trade Agreements? There won’t even be a need for a Trade Representative.
Part A: National Security
1. Will neuter American power and influence, to fit in with the UN view of how America should act in the world. We will no longer be “THE” nation at the table, but just one of many sitting at the table.
2. Will be much more accommodating and conciliatory to nations such as Iran, Syria, North Korea and Venezuela, as if, it is our current policies that “force” them to behave as they now do.
3. Will diminish the value of our military, so all we will end up doing in times of crisis is “talking loudly” instead of being able and willing to back it up with a “big stick”
4. Will force our allies to take actions that they otherwise would not, because they won’t be able to trust that we will stand by them. Ukraine, George and other former soviet dominated countries will seek accommodation with a resurgent Russia rather than standing on principle or protecting their own sovereignty. Worst of all Israel will be forced to deal with Iran on their own with all the dire consequences that will bring.
5. How will Japan, Columbia, South Korea, Taiwan, the countries of Eastern Europe as well as the Gulf States react to the “New” America. ?
6. Trade Agreements? There won’t even be a need for a Trade Representative.
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