http://news.yahoo.com/47-hopkins-knows-end-finally-near-050257090–boxing.html Today seems to be the day for great stories of individuals who stand out for their individuality while remaining inside society. All the stories featured today involve persons who are variously thrown out of the “normal” society and yet, they barge back into that society and thereby make the society that rejected them, bigger. Wonderful reading.
Tag: Economy
Romney and Republicans Can Fatally Shoot Each Other
http://news.yahoo.com/romney-parks-millions-offshore-tax-haven-160547876–abc-news.html It seems to this writer that the biggest danger for the Republican party is its self-destruction. At first, all of the debates and the interchanges were hum drum and boring. As time went on, the debates became interesting and there was a hearty and good interchange of thoughts. However, the Iowa vote lead to destructive criticism between the candidates. Now, this has evolved into a full shooting war of personal criticism against the Republican front-runner. The criticism includes his success as a venture capitalist.–Is success as a businessman and creator of jobs considered a deficit? Well, the media pundits including conservatives seem to think it is! The attacks continue against Romney’s generosity to his religion. It seems that the pundits want to uncover some nefarious Mormon conspiracy by their use of innuendo. Additionally, we see the Anti Romney forces unleashing a smear attack like OWS against Romney’s intelligent use of the USA tax code to preserve his money. The idea here is that millionaires like Microsoft’s Bill Gates, Democrat Nancy Pelosi, NJ Senator Frank Lautenberg, Congressman Daryl Issa are all OK but millionaire Mitt Romney is some kind of Darth Vader figure to be considered dangerous to the American political system. Add to all of this the obvious disdain of conservative talk show hosts who only vaguely cover their anti Romney bias, and one wonders WHY? a man like Mitt Romney, a person of such obviously admirable accomplishments -why? he would want to subject himself to such burn and pillage tactics from his rivals!!? I guess he believes he is the right man for the job of President of the USA. The others do too. However, their collective self-destruction is being played out on the TV daily. The only beneficiary is Obama. It can be hoped that the Republicans can right the ship but like the Captain of the Concordia they may be more interested in waving to relatives onshore than protecting the safety of the Republican party.
Hedge Fund Manager Thinks We Should Spend
http://finance.yahoo.com/blogs/breakout/barton-biggs-austerity-big-mistake-124734101.html
I note that he is a manager of a hedge fund. A Hedge Fund manger is Bernie Maddoff, or the guy who just got 11 years in prison for shady dealing, or his accomplish who is also under indictment. What makes the media people think that a gambler, even an informed gambler is credible for national monetary policy? Geither was from Wall Strret,(remember he didn’t pay his taxes?)so was Paulson and Volcher. What did they get us but a lot of bailout, a lot of national debt and deeper into financial turmoil. Yes, the hedge fund managers make mistakes and then they ask the taxpayer, and I mean the middle class taxpayer to bail them out. Hedge fund managers are gambling that they are better at guessing then the rest of the pack and that they can cash out as soon as the water is boiling. The Fed, the USA, and you and I don’t have that “big boy” “insider” luxury. Maybe a solution to our problems is more federal regulation of hedge funds, a vehicle for the wealthy and super rich anyway, yes, maybe abolish the hedge fund gamble all together.
Obama Jobs Speech is Phony
http://news.yahoo.com/obama-slams-republicans-west-coast-money-swing-042354630.html
We keep reading about the President going here and there aboard Air Force One. These are not affairs of State. All reporters acknowledge that the travels are political fund-raisers and that the trips are getting millions of dollars for the re-election campaign of the President. Fine. However, the American Taxpayer should not pay for the political activities of the President. How much does one round trip to California cost? I understood that one round trip to California cost 56o thousand dollars. Well, I do not the Prez. to go unprotected, but since these are fundamentally political campaign trips I think that the Congress should demand that the Democrat party pay the bill. After all, it is Obama who is constantly criticizing the corporate executives for using company Jets for legitimate business purposes, saying that the CEO of Ford, and Kellogg, and Johnson and Johnson should fly first class or coach on public aircraft. Okay! What is good for one is good for the other. The President should be severely limited in the use of Air Force One and required to prove that his use of the Jet is not for private or political gain but is used for the legally mandated affairs of State. Otherwise, he can still use the Jet, its crew, the Secret Service, the Cook, the Maid, the Valet and all the rest, but the Democrat party must pay the bill, immediately before the trip and not after. That is all we need, a late bill to the Democrat party, which, they will claim is Bush’s fault and therefore they are not responsible and cannot pay. And one more thing, the President has given speeches for several weeks now that the Republicans must pass his jobs bill. Well, if you note, today was the first day that the actual written bill was presented to the Congress. How can the Congress even discuss a Bill they have not even seen. The Obama White House needs to have a remedial lesson in how to get legislation passed. It starts with writing the Bill. It continues with submitting the Bill. Then the Administration is supposed to send its experts and analysts to Congress to explain the bill and then defend it. Without all of this constitutionally mandated process, there is no bill and therefore the Congress is prevented by Obama and his administration from passing anything. Why? BECAUSE WITHOUT A BILL THERE IS NOTHING TO PASS. It is all phony Obama. Sad really!
Obama Falls in the Polls.
No one is saying Obama is a bad person. Nor that is is not a good husband and father. The key issue is that his agenda is the wrong one for America. And his agenda is part of his creed. He actually believes that he should apologize for America. Instead of helping us to remain strong economically, he has wasted our resources on failed programs. A strong USA is a blessing to under developed nations. A vibrant US economy is a help to struggling nations. A healthy US economy is a buyer of the goods and services for sale by others. When we buy their goods we put food on their table as well as feed our economic engine. So let us not paint all critics of the Obama administration as Obama haters. Sure there are some who will not see any good in the man. They are wrong. None the less, Obama cannot change his core belief that America is just another nation among a world of nations. In a classroom philosophy class that may be true. But he is the President of the USA and such a belief is not the right one.
Offshore Protection for your Money
The cited article is an advertisement that I received by E mail. I am not including it here in order to sell it. I have no interest at all in getting you to buy it. But I am interested in sharing what these kind of advertisements are saying about the USA ecomony. If they are accurate then I guess all of us had better pay attention or we will all be “broke” sooner than later!
Is America Doomed to Economic Collapse?
http://www.thedailycrux.com/content/7126/Porter_Stansberry
Here is one writer who firmly believes that America is doomed to economic collapse. Porter Stanberry is a researcher who bases his beliefs upon solid economic data spanning twenty years. He is very concerned that the world, YES, all the world, is on the verge of international economic collapse. The writer of this blog has followed Porter’s commentary. It is not predicting the “end of the world and the return of Jesus.”, rather, he is looking at the data, analyzing it, and projecting the data onto the screen of world news. The results, he sees, portent disaster for the United States, UNLESS, we pay close attention to the debt. Porter is not political, but I am. My political savvy says that we should pay attention to Representative Paul Ryan. Yes, he is Republican. Yes, he is young. Yes, he is a conservative. All of these are used against Paul Ryan by people telling us that we should not listen to him. But all of his detractors refuse to acknowledge the most important fact. Representative Paul Ryan is acknowledged by economists and accountants as a financial heavy weight. Paul Ryan knows what he is talking about. He knows economics better than most. He has been sending up warnings that have proven true. And he is offering the only solution that matters. AND THIS IS most important. Paul Ryan loves America. He was never ashamed of his country as some in the Obama administration were. He was never a Maoist, a Communist, A Man Boy Lover, as several in the Obama Administration are. Congressman Paul Ryan loves America and he is offering the only seriously real plan for saving our Social Security, securing our future and fighting our way out of the impending economic collapse of the USA.
Progressive Politics 