Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Saturday, January 23, 2010

The Words of Willy Brown

Retired Mayor of San Francisco, Willie Brown, has a weekly column in the San Francisco Chronicle Newspaper. On January 3rd he wrote an article responding to 3 things: Napolitano's mishandling of the terrorist that almost blew up a plane, Obama's first year in office, and a Californian New Year's Resolution. This third item is what I am going to focused on. I find it profound that a very leftist democrat, a former mayor of San Francisco has penned these words to his readers:

"If we as a state want to make a New Year's resolution, I suggest taking a good look at the California we have created. From our out-of-sync tax system to our out-of-control civil service, it's time for politicians to begin an honest dialogue about what we've become.

Take the civil service.

The system was set up so politicians like me couldn't come in and fire the people (relatives) hired by the guy they beat and replace them with their own friends and relatives.

Over the years, however, the civil service system has changed from one that protects jobs to one that runs the show.

The deal used to be that civil servants were paid less than private sector workers in exchange for an understanding that they had job security for life.

But we politicians, pushed by our friends in labor, gradually expanded pay and benefits to private-sector levels while keeping the job protections and layering on incredibly generous retirement packages that pay ex-workers almost as much as current workers.

Talking about this is politically unpopular and potentially even career suicide for most officeholders. But at some point, someone is going to have to get honest about the fact that 80 percent of the state, county and city budget deficits are due to employee costs.

Either we do something about it at the ballot box, or a judge will do something about in Bankruptcy Court. And if you think I'm kidding, just look at Vallejo."


Well, Mr. Brown, all I can add to your words are: Why must we have to wait until California is on the brink of bankruptcy before we address the problems in our legislature? Is it not better to forecast the trend and take the steps to avoid the pitfall.

prudence

PRU'DENCE, n. [L. prudentia.] Wisdom applied to practice.

Prudence implies caution in deliberating and consulting on the most suitable means to accomplish valuable purposes, and the exercise of sagacity in discerning and selecting them. Prudence differs from wisdom in this, that prudence implies more caution and reserve than wisdom, or is exercised more in foreseeing and avoiding evil, than in devising and executing that which is good. It is sometimes mere caution or circumspection.

Prudence is principally in reference to actions to be done, and due means, order, season and method of doing or not doing.

Monday, July 13, 2009

Peter Schiff Was Right 2006 - 2007

I remember being asked the question, "Where were the dissenters during the economic boom? Where were all the naysayers during the economic free-for-all?" To this I would always respond, I was there saying there was no way we could sustain our buying habits. There was no way that houses could keep doubling in price every 6 months. It is impossible to continue as we have and many didn't listen then as they are not listening now.

I will continue to state that we cannot continue spending money as we have putting everything on credit and expect life to continue forever in this way. Social Security is a ponzi scheme that is unsustainable, health care cannot be reformed with a public option, government spending is not the solution to stopping a recession, and you cannot borrow your way out of debt.

I know that I catch a lot of flack for refusing to state things in a more diplomatic way, but if being diplomatic means that I cannot state the reality of our society's condition, then I refuse to be diplomatic. I am willing to be a Churchill while Chamberlain is in office. I don't mind being in the minority as long as America understands that I hold to no party line, but to principles that supersede them, like limited government.

This blog is a small effort to legitimize what Peter Schiff has been saying all along and his day of redemption is coming. Many are finally starting to realize that he knew exactly what he was talking about when the world was laughing at his predictions.


**Raises a glass**

Here's to you Peter, for not following the crowds off the cliff.

Tuesday, June 30, 2009

Cap and Trade passed? More California Taxes? Bubbles, the Chimp?

It's been a busy week so I haven't been able to blog much or put together a vidcast. I've started school and worship practice for the church is on Thursdays now. It seems that I have a lot more to learn about time management. But there is no rest for those interested in politics, economics and religion. It seems the world goes on it's way with or without you. This past week is no different.

Please allow me to summarize the week for you in case you have lived in a card board box in someone's closet without any natural light or outside communication.

Ed McMahon died. So did Farrah Fawcett. So did Michael Jackson. So did Billy Mays. It makes me wonder who is next, but the factors that determine which celebrity you cried over depended on age, sex, race, or insomnia. I personally wept for Bubbles, the Chimp.

On the Federal level, we were told another crisis could ONLY be averted if we pass a bill in Congress that no one read, even though it would fundamentally impact us for generations. You may have heard of it, it was called the Stimulus Bill...ooops, I mean, Cap and Trade. Basically, the bill means that energy businesses will be capped the amount of CO2 gas they can produce in a fiscal year, and only exceed those rates if they buy carbon credits traded on the stock market. It's like saying to a vegetarian, you may only have raunchy veggie farts once a day, and if you ever want to release more methane, you will have to pay for those methane credits. Oh, BTW, sharding still qualifies as releasing methane gas, and you'll actually have to pay double the credit rate because you are wasting perfectly good underwear made in sweat shops, and those sweatshops aren't producing all that carbon just so you can make skid marks.

That's right, I just made a joke about sweat shop skid marks.

In other news, if local politics is your style, I have some special quotes for you that will absolutely make you think politicians in Sacramento live in crazy land. California Democrats are trying to pass more taxes for an already overtaxed state because they can't bear the thought of cutting more entitlement programs. Apparently, they did not get the hint since we unanimously turned down ALL tax increases in the last election. But here is Norren Evans (D), representing the good old town of Santa Rosa.

Transcript:

Well, there is this mantra out there ‘live within our means’, and while that sounds really nice, it sounds really simple, and it sounds really responsible, its meaningless. Our means are completely within our control. And, as has been pointed out by numerous people, we have just recently given away huge corporate subsidies in February, we have given away other tax reductions over many many years we’ve created new tax loopholes, in good times we routinely give away taxes, and then in lean times we never replace those tax deductions or close those loopholes. We continuously borrow, which is an enormous cost that we shift on into future years, and we find ourselves now with a deficit that — an ongoing structural deficit that we simply can’t close. So, ‘live within our means’ doesn’t mean anything. The fact is, we have a state that has a population that have needs, that we have a moral obligation to provide.


Video:


So ladies and gentlemen, today I am announcing my candidacy for Supreme Ruler of California. Apparently, the only faculty you need to possess when running for political office in California is intellectual dishonesty, aka Big Bold and Bad LIES and his cousin INCOMPETENCE. Therefore, with this new found knowledge, I will pwn all those who oppose me with deep truths like 1+1=2 and usher in the new era of surplus with "spending less than you make." In fact, since my wife and I do a balanced budget every month on paper, she is also qualified to come with me to the Capitol as Supreme Ruler #2, should I die of the spreading of Awesome Asian mathematics.

Does Ms. Evans even understand the implications of her statements, or is she living in governmental lala land where statesmen have no spending limits and no consequences? How can anyone state that living within your means, means nothing? Is it any wonder why our budget is so screwed up when people like this are in control? Keep in mind, if a Republican said this, they would be crucified. Perhaps, they should be crucified with the 8 Republicans who voted for Cap & Trade. I don't know about you, but if a Republican votes for Cap & Trade, they are no more republican than a dung beetle is clean. It's like saying, "I'm a Christian who does not believe in Jesus Christ." What?!

Anyway, it has been a busy week and I don't have enough time to comment on it all. Also, I am still trying to figure out Yellow University and what instructional information and vidcasts I am going to do. I believe the first series will be answering the question, "What is a Classical Liberal? Is that even possible?" I look forward to that and the all yellow glory it will be.

On a side note, for those of you who follow celebrity gossip and are familiar with Perez Hilton, he was punched in the face last week and flipped out. His solution, put it on twitter and youtube. The result wasn't exactly what he was expecting as many people began to spoof his ridiculous ranting. I was particularly fond of the, "God is watching" and "F**K YOU!" in the same paragraph. I might of been offended if I wasn't laughing at him so much. Anyway, a photo surfaced from someone who actually had a still shot of Perez getting punched. I included it below for your personal enjoyment. I'll end with this:

If you make a living being being an A**hole, don't be surprised that people will mistake your face for one and attack it accordingly.

Have a great day everyone!

Monday, June 1, 2009

Obama confirms GM bailout yesterday, Conservatives across America say, "I told you so."


Yesterday, GM and Obama released speeches and information relating to the Chapter Bankruptcy filing of General Motors. You can watch Obama's press release here, but if you apply this formula, you will already know what he said. The formula goes like this:

Assumptions:
  • I inherited this problem, it is not my fault.
  • It's a crisis we have never seen and can only be fixed by government help.
  • Not only can I help, but I can fix it because what I am about to do you have never seen.
  • My solution requires everyone to sacrifice.
Assuming these 4 things, we'll label as "ASSumptions", makes it very easy to accept the formula:

If we add Obama to ASSumptions, then a New Utopia (New U) will result naturally.

The beauty of this liberal formula is that we can substitute anything for the ASSumptions, sit on it a while and feel the comfort that Obama brings. For example, insert Health Care and you get the New U. In fact, maybe if we put the old you into the formuala, let's see what happens.

Obama + Old You = New U. Wow, this formula is magic. We'll let's see what happens when you put me in the formula.

Obama + Rusty Pang, Awesome Asian = Rusty Pang, Adolescent Asian. Hmmmm...What happened? Why did I revert to my pubescent days of idealism and impracticality? Oh, because back then I didn't use my brain. I made decisions based upon my feelings. Kind of like modern liberals today, the more developed ones anyway.

When are we going to learn that the real formula of life is Government + Anything = innefficiency and self-growth. If this wasn't true, please explain to me why TARP has not worked and lending is still restricted. If government involvment was the solution, can someone please tell me why GM is declaring bankruptcy? I thought that Obama + GMC = Jobs, stability, andgoodness.

So then you say, "Rusty, why did you not warn us of this earlier?" This is to which I reply, I did.

Here's the link to my commentary on the idiocacy of the Stimulus Bill.
When I railed against government spending click here.
My predictions for the effects of the socializing privatized business can be found here.

Ultimately, I'm not saying anything new. When you pause and think like an adult, it makes sense. We joke about government jobs and how cush they are. Never, do we ever credit the government with any brains, nor efficiency. So, my question is why did we think that it was a good thing for Congress to get into the car business?

I know Obama says he doesn't want to run GM, but I am more concerned with what he does. And what he has done is fire the CEO, require increased CAFE standards, mandated vehicle price increases, and the closure of dealerships across America. Don't fall for it. They are "just words, just speeches.

Here's what's going to happen to GM. Obama and the democratic congress is going to come in with their Kangaroo courts and portray GM leadership as devils since they have to close dealerships across America. As they emerge out of bankruptcy, GM will be 60% owned by government, effectually controlling GM. This means that Obama successfully nationalized a private car company. This is also referred to as SOCIALISM, which is a stepping stone to COMMUNISM. Read the Communist Manifesto.

Once this is complete, Obama (no car or business experience) will begin to tell CEO's of a major automotive manufacturer how to do it right. In what world does that make sense? Apparently, in ours it does.

Anyway, as GM's value plummets because consumers aren't buying their vehicles, more money will be required to be sent to this company because "they are too big to fail." Once again, the infusion of cash will require more printing of money, therefore, sending our inflation up again.

This will lead to another recession, or at least prolong this one. Mark these words, because I'm not trying to be a doomsday dude. I'm just trying to tell it like it is.

Inflation, recession, and unemployment numbers are on the rise people. This administration and our state governments are trying to fix problems using broken tools and I am not going to sit here and take it. What about you?

Saturday, May 16, 2009

When everyone is charging it on the Obamacard, I'm glad to be debt free.

A humorous take on Obama's spending. In effect, let's deal with our problems by just charging it to our kids. YES WE CAN!!! But I wish we didn't. When are we going to realize that you cannot borrow your way out of debt?





There are some things [me] money can't buy. For everything else, there's Obamacard.

Thursday, April 23, 2009

What is intellectual dishonesty?

I play an online game in which you can create your own cyber nation, in fact, the game is called cybernations. It's original, I know, but the link to check it out is below.



What does this have to do with intellectual dishonesty? I'm not going to bore you with all the details of the game and this blog is not about the entertainment factors in it, but I recently had an interesting exchange with a member on this site, we'll call him "eaglecat." Why, because that's what his name is. Anyway, in a nutshell he attacked me (a smaller and less defended nation) because I had attacked another guy (a smaller and less defended nation). Now, normally, I don't have a problem with someone attacking me unprovoked, except that this gentleman claimed that what I was doing was wrong, but he was in the right. This is the part that got interesting. In a nutshell, he stood above me on his moral soapbox shaking his cyber righteous finger telling me "NO! BAD BOY!" Except, he did it with F-bombs and *#&^@#*&%[insert expletives]. When I pointed his hypocrisy out, all of a sudden it became personal. I pointed out his intellectual dishonesty and without going into all the details, I began to reflect on the consistency of the encounters like this, and it spawned a blog. I haven't heard any public commentators use it, so I feel it necessary to define it before I proceed.

Intellectual Dishonesty: To choose, or hold firm to, an false idea or reality despite being presented with contradictory evidence pointing to a superior alternative. This is intentional logical fallacy. For example, if a person, who is holding a red triangle, still desires to call it a blue circle, despite any evidence presented to prove the geometric object is a red triangle.

My wish, when defining this phrase, is not to put others down who use them, although it will happen undoubtedly, but to make those who who are unaware, aware. I desire progress and all progress requires a measure of the uncomfortable before growth can occur. This is natural and to be expected for all change comes packaged with a need for an adjustment. What new adventure or experience comes without a measure of uncertainty?

The bizarre thing that I have discovered, is why have I not noticed the saturation in our society. Perhaps, I too was part of the problem, or more likely, I was simply ignorant of it's existence. Most, I believe, are unaware and therefore may benefit the most from reading this blog. Also, in the world of debate, discussion and communication the awareness of this tendency in our culture to accept intellectual dishonesty will help us to scrutinize it more. Subsequently, there should be less fights and arguments as long as the one who is committing the intellectual dishonesty is humble enough to accept constructive criticisms instead of responding like a child who snaps back after recoiling from the initial discomfort. You know the ways, "I'm rubber. You're glue. Whatever you say bounces off me and sticks to you."

Humans do not like being wrong. It is embarrassing and hurts our pride like few other things may, but we must understand the difference between fact and opinion. We are perfectly right in our opinions, in fact, it is the only thing in which we can be perfectly right at all times. No one can argue with another about the rightness of their opinion, because it is yours to create, to have, and to espouse. However, the problem lies when an individual claims their opinion to be fact, or truth.

Claiming your neighbor is an adulterer can only be true if that neighbor truly has committed infidelity, but claiming such a thing is just an opinion unless you possess some proof. Is this not what gossip is? Like a man who adds coffee to his sugar, do we not add a little truth to our opinions? This is far reaching, and sometimes, I sadly admit rampant in the church.

I am learning, regrettably, to distinguish what is my opinion and what is truth. This has allowed me to identify those indispensable, timeless realities that I am willing to defend adamantly and has made me aware of much more that I should not care as much for. Religion, politics and economics are three fields of study that I am cementing my beliefs in because of the timeless truths contained there within.

I find that humans should approach their opinions like a scientist who studies the stuff in the box of the universe. Hypothesis, theory and law. Laws are the timeless truths but require intense testing, scrutiny and analysis. And through the scientific method we can arrive at an established and predictable timeless law from which our lives can function.

This has led me to discover certain things as being the only reasonable solution. What I mean by this, is that in the past it was the most reasonable of other reasonable solutions. However, as I move down the process of scientific method, I have come to believe in certain laws. Christianity is no longer the most reasonable solution to the problem of salvation, but it is the only reasonable solution. It requires more faith to believe in evolution than it does in a creator.

If you wish me to explain this in more depth, just comment and I will be happy to elaborate, but it really does take a blind faith to believe in evolution. It takes more blind faith to believe in global warming. It takes more blind faith to believe that socialism is an effective way to run a society.

It is not these ideas in themselves that are wrong. These are natural conclusions to draw from a worldview that believes man is inherently good. Unfortunately, when you begin with a broken foundation, you get a broken house. To begin in the negative will only lead to negative results. To a scientist that starts with a belief that gravity is not real will stand amazed when he sees a plane fly and perhaps may draw the conclusion that the plane, like a fish in the sea, is less buoyant than the air in which it swims. He may never get to understand that gravity is overcome by a law in physics called lift.

What does this mean ultimately? We must always question what we believe. Not like a cynic, but as a scientist. If we do not do this on a regular basis we become subject to most well argued and propagated argument, not the most reasonable one. And this, I believe, is what ails the world the most, of which Christians are no exception. This can be fixed, and must be fixed in our churches so that we can be the city on a hill of a dark and blind world.

"Now the Bereans were of more noble character than the Thessalonians, for they received the message with great eagerness and examined the Scriptures every day to see if what Paul said was true." Acts 17:11

Tuesday, April 21, 2009

A valiant effort by Obama to save America 100 Million

The latest news to roll out of Washington is Obama's plan to require his cabinet to come up with 100 million dollars in savings in the next 90 days. This is of course out of a 4 trillion dollar budget. **cough cough choke cough, clears throat**

100 million out of 4 TRILLION. That is the same as asking a family to increase their taxes by $4,000 to save them 10 cents. I love socialist math. It's so dreamy. So childlike that I just want to squeeze his pudgey little cheeks. Barry want a lollipop? A sucker? We've got lots of those in America.

Here's the story at MSNBC.com

Oh, before I sign off, one of the highest savings they came up with is Homeland Security should start buying office supplies in bulk. WHAT?! Have they heard of Dunder & Mifflin? I mean, cmon Obama, I don't even watch The Office and I know they sell paper in bulk.

Tuesday, March 10, 2009

Milton Friedman PWNS Amature Donahue

Why do I believe Capitalism is #1 amongst all other forms of economic structure and philosophies? It's not because it works. It's not because it is easy to understand or implement. It's not so I can be successful or live in an affluent country the likes that no one in all of history has ever experienced.

It's so I can make fun of others who disagree. Just like my white brotha Milton. Don't mess with this four-eyed fella!



I love how Donahue just can't hack it with the old guy. I'm telling ya, old people are cool. They're either bitter or better. And either one makes for great television.

Thanks Armstrong and Getty for making this available from youtube so that Jer can tell me to go to their site, which links me to youtube. God, I love links. So awesome.

Want to know more? You should read some of his books, he is a nobel prize winner for economics. Here's an Amazon link for the Capitalism and Freedom: Fortieth Anniversary Edition and Free to Choose: A Personal Statement


Personally, I prefer Free to Choose.

Friday, February 20, 2009

I am an armchair economist! Nice...

Letter to the Editor in response to "Obstructionists, naysayers abound"

Dear Ms Norine Matteson,

It is with great trepidation and concern that I pen these words in response to yours, “Obstuctionists, naysayers abound,” dated 2/20/09. Although I do not personally know you, your perspective and opinions carry the aroma of a scent that permeates an already rampant sickness. This sickness does not display itself in one’s body, for you, I’m sure, are a healthy and beautiful young woman. No, this sickness saturates the mind of an Obamanation, with a euphoria only witnessed between lovers who blindly think the other can do no wrong.

Please afford me the grace to correct your statements, although passionate, are unfounded with fact. I wonder who you are imagining in your mind when you refer to “armchair economists.” Who are qualified to speak in this area? Perhaps, you, with your many degrees and accolades in economics, sociology, central planning, and finance can speak more firmly than those, but allow me to humbly state, one does not need a degree of higher learning to declare rightly “Shenanigans!” And believe me, this “vocal minority” is, in fact, the silent majority.

You stated we “haven’t any official idea of what the stimulus contains,” intending that we reserve judgment for our congressman and president to see the fruits before we take any stance. The official documentation has been made public and is viewable. I also find it rather humorous and saddening that you blame Bush for the housing deflation, when the only thing we should be upset with is his increase of the deficit to $482 Billion. Look up the Housing and Community Development Act of 1974 the seeds of your malcontent. The hypocrisy in America today is astounding when it judges so harshly a man who took 8 years to create the $482 Billion deficit despite the largest attack on American soil in history, yet Obama has tripled the deficit to more than $1.4 Trillion in just 2 months. More on this subject material can be found at RustyPang.com.

Ultimately, my dear Matteson, I am disappointed in your words, not because you penned them, but that so many in America echo them, and the many more who disagree have not rioted over their elected abuse. Your blessed elected president, Mr. B.O. himself, tells you one thing and does another. He passes the largest “stimulus” bill in history, more than double our federal budget in 1982, but more than 65% of the spending is social programs and non-job creation spending and has the gall to tell you he will not allow wasteful spending. He is attempting to nationalize banks, the auto industry, and others just because his socialist and Keynesian economic ideals tell him to do so, despite any real evidence of its successful application. I know you want change, but so does every human being. Life is not perfect and we desire to improve ourselves; this is a great thing. However, blind belief in a man who passes failed laws, in a failed system, based upon failed ideals…Well, such a man will be deemed as a failure.

Benjamin Franklin once stated, “those who sacrifice liberty for security deserve neither.” Obama sells security, and you are buying it.

Rusty Pang, Armchain Economist and Vacavillian
"With all thy getting, get thy understanding."

Thursday, February 19, 2009

I am surrounded by morons!

Here's what it looked like in Mesa, AZ yesterday when Obama gave his speech promoting his another bailout, this time for $75 Billion for Mortgages.

Rock star entrance for Obama's speech yesterday in Mesa, AZ.


Speech Part 1


Speech Part 2


Speech Part 3


Text of Speech Link

I just want to comment in one area. He ended his speech on "Core Values" if it was some profound truth we somehow missed these past 8 years (Bush Administration). He said that all must share in responsibility and it was broken down like this:

Government: Responsible for making more fair rules and that they are fairly enforced.
Banks: It's your fault for lending poorly and causing this crisis. You will be punished.
Individuals: Take responsibility for your actions, i.e. you borrowed too much.
Everyone: Live within your means.

Um...Mr. President? Can you take your own advice and have this government live within it's own means? What's with the 789 billion increase in deficit, 700 Billion in TARP 1, and now 75 Billion in a foreclosure bailout? That totals to 1.564 TRILLION DOLLARS in less than 2 months that this government is spending. We aren't even in the 2nd Quarter yet.

The part that upsets me the most about this whole situation, government doesn't get a single blame in this whole thing. Let me layout some common sense, and common blame. I'll save the government for last.

Banks: You've are stupid. You lended too much too quick to try and make as much money as possible. You got sloppy drunk on credit and now you have to pay for the headache you caused yourself. This is why I left Travis Credit Union. When my promotion became dependent upon getting members to fill out credit card applications for credit they did not need...Well, peace out to you.
Individuals: You were also stupid and greedy. You bought too much house, spent more than you make and dropped it on credit cards, and then when you realize you couldn't afford it all...You complain. Greed and gluttony. You deserve the foreclosure and bankruptcy, unless you are a Christian, to whom God still expects you to repay the debt. "Poor" people have cars, televisions, cell phones and fat guts to boot. I don't pity you.
Individuals: Grow up. Become an adult. Children eat more than they should. Children spend their money without care. And only children complain they have nothing after they spent it all. Adults say "No" to themselves. Adults, as Dave Ramsey would state, "Live like no one else today, so tomorrow you can live like no one else." It's called delayed gratification. If you want this "crisis" to end, grow up America!
Government: As for you. What non-four-lettered word can I use to describe you? Are there words to describe the level of despicable and abhorrent behavior I have seen over these past 4 years, yes, Bush to. The housing crisis started with Carter's Housing and Community Development Act of 1974. It was expanded during the Clinton years and this is the real agent to blame. Stupid government mandated that lenders have to, not should, but have to lend to poor people. I'm sorry, did I not get the memo? I thought being poor meant you could not afford a house payment? So, why should they have to lend to people who couldn't afford house payments?

The natural result was sub-prime mortgages, which make lenders a lot of money, and then pass them off to Fannie Mae and Freddie Mac. I'm not saying people and lenders were dumb for doing this, but Obama, for God's sake, stop blaming everyone else except the government.

Am I the only crazy one here? When I first heard about interest only loans, I thought, "Why would you do this? Mortgage rates are at a 40-year low, which means it can only adjust up. So, if you can barely afford as it is now, what are you going to do when it adjusts?" This is a bad deal for everyone. WHY IS THAT SO HARD TO SEE?

I was 19 and understood this. How can a 19-yr old who never has taken a mortgage out know this, but everyone who took out this type of loan did not? I am not a genius. It does not require a math degree to understand this?

Why do I feel like I am surrounded by morons? I have lost faith in the American people. Someone please tell me we are not this dumb.

If we are so dumb to think that more debt can fix our already overly leveraged lives, than God help us. I think I want to emigrate to the moon. At least real estate is affordable over there. Someone shoot me before I steal the space shuttle, America will be dubbed the Obamanation upon my departure.

Update: A quote by Treasury Secretary Timothy Geithner to reporters yesterday, "This is necessary policy. It’s smart economics. And it’s just and fair." This is the guy running our treasury.

Can anyone teach me how to build a bomb shelter and refine my urine into drinking water?

Friday, February 6, 2009

900 Billion and growing...

Have you ever read an article, heard someone speak, and the double take wasn't enough? You almost had to slap yourself into the past to review it again? I was reading an article on CNN's website that went like this:

"'We don't want a package that is too small because that will end up just wasting money. On the other hand, we're very leery of having an enormous package that would not be necessary and would just boost the federal deficit,' Collins told CNN as Nelson nodded in agreement."

Did you react the same way as I did? If Congress was concerned about wasting money, they wouldn't be Congress anymore. Wasting money is what they do and they are about to do it to the tune of almost a trillion dollars. Let me put it to you this way, if I gave you a trillion dollars to spend, you would have to spend $54,794.52 a day for the next 50 years to use it up. But Congress wants to do this in less than 2 years.

The arrogant part is, they say it is with your best interest in mind.

I predict that we will see more and more people take money out of the market and save it. The Federal Reserve will print more money to compensate and once the American people "feel" better, they will start to spend again. Unfortunately, with the infusion of more printed money from the Fed, inflation will begin to rise as more and more Americans spend. We will see a second recession caused by this bill and only a bigger, increasingly inefficient government to "fix" it.

Keynesian economics doesn't work, supply side (free market) does. Why can't we just do what works.

Tuesday, January 27, 2009

What's in Obama's $825 billion "Stimulus" Package?

I know everyone is talking about Obama's stimulus package, but how are we allowing them to call it a "Stimulus" package. It is a ruse to hide billions of dollars for pork, special interest spending. He is driving the fear of Americans to place where we will accept anything he says, even spending 5.6% of the GDP from your tax dollars to fund his social programs and agenda. Don't be fooled. Read on if you want to be informed.

Source material: 13-page summary, Article explaining GDP

Let me give you some perspective on how much $825 billion is. If it were it's own country, we'll call it SODOMEE America (Socialist Obama Deception Of Magnanimously Expensive Economics), then it would have it's own GDP and stand in 20th place in the world, right in front of Australia. Not part of Australia, the entire country.

The official title of the bill is the American Recovery and Reinvestment Bill of 2009. The first line in the reads, "The economy is in a crisis not seen since the Great Depression." Sigh, what about the Carter years? I don't see people building little communities out of cardboard or tin like they did in the thirties. Anyway, I'll refrain from commenting for the next paragraph while I summarize this Obaminational document.

It states:
-"Since 2001, as worker productivity went up, 96% of the income growth in this country went to the wealthiest 10% of society. While they were benefitting from record high worker productivity, the remaining 90% of Americans were struggling to sustain their standard of living. They sustained it by borrowing… and borrowing… and borrowing, and when they couldn’t borrow anymore, the bottom fell out."
-"A historic level of transparency, oversight and accountability will help guarantee taxpayer dollars are spent wisely and Americans can see results for their investment."
-$30 billion for highway construction
-$10 billion for transit and rail to reduce traffic congestion and gas consumption
-$24.1 billion for health information technology and preventative care
-$102 billion for unemployment benefits, COBRA insurance subsidy, and food stamps
-$87 billion in Medicaid matching for states
-$52.65 billion in various energy and environment related spending
-$6 billion for broadband internet in rural areas
-$8.671 billion for various research in energy, space, agriculture and geology
-$880 million for small business loans
-$65 million in coupons to convert from analog to digital television
-$965 million to replace or improve IT in government facilities (SSA, Dept of Ag, etc)
-$9.96 billion for national defense improvements to healthcare, facilities, cemeteries and housing

Okay, you bored yet? Are you thinking, how long is this list? Let me just say that this is only page 7 of 13 and I summarized most of the specific spending. For those of you who don't believe me, read it yourself and you'll see I'm not lying. The basic numbers is this: $550 new spending and $275 in tax relief through SS payroll deductions.

Now for the fun part...

WHAT IN THE...WHO VOTED THIS GUY IN? STIMULUS? WHO DOES HE THINK HE IS?! I DON'T SWING THAT WAY, STOP RAPING ME! AAAAAAAAAAAAAAAAH!!!!!!!!!

**Remembers Happy Gilmore**
"In with the good air, block the bad. In with the good, block bad." Okay I'm better now.

This is NOT a stimulus plan. There is nothing in this bill that directly links this spending to actual numbers or alludes to any principle, not even Keynesian Economics. They believe, blindly I might add, that by spending more of your money, jobs will magically appear. If food stamps were humans, they would crap jobs.

Okay, let me explain a few things so you may understand why this is soooo freaking retarded. It is a simple supply and demand function. If people, businesses or employees, supply a service or produce a product (working a job) that someone else demands (sale) then the economy moves forward. The more supplying and demanding, the better the economy. So give job makers (businesses) an easier time and jobs will result.

Now, Obama, and the caving republicans are saying you don't have enough incentive (Keynesian principle) to make money, so that is why you don't work. I, conservatives, and the founding fathers believe that you have the incentive to work but the government's involvement retards this incentive. You want to eat? There's your incentive. Let me explain.

If corporate tax rates are the highest in the world of any modern country, which they are, then the business has less money (less incentive) to keep more employees. This money is now in the government's coffers and they think they can spend it better (that's laughable) than the business they just took the money from. So, now they have a large sum of money they didn't earn, from people who did, and get to decide how they want to distribute it amongst the masses for the "betterment" of people. Oh, and they subtract large salaries out of this pool to pay people to think about these decisions.

Does this make sense? They are making economic decisions with little or no economic experience, for people who are laboring in the economy as they ponder their liberal and socialistic agenda. Sounds like a nightmare. The only problem is, we're not dreaming.

Example: Congress now has oversight, a hand in, the big 3 auto companies and gets to tell them how to best make a car. People (Congress) who aren't in the car business telling them (GM, Chrysler, Ford) how to make and sell a car.

Class, repeat after me, "Retarded."

I'd sell off all my Big 3 stock if I were you because they are headed for far worse days. When you get in bed with the government, you find yourself chained there the following morning with a bad headache, wondering where your pants were and why you have a number for Frank.

Other than my crazy aversion to anything govern-mental, is the unrestrained gall of this administration to call this package a "stimulus" package. What's even worse, most people are happy or hopeful. Why isn't America grabbing their pitchforks and torches? Let's call this for what it is people; it's not a stimulus package, it's a reshaping of America package. They are taking your money and redistributing it to the tune of $825 BILLION and no one seems to care a rip.

So many people thought Obama was a centrist politician who would bring the people together. The reality, he has deceived 53% of America for their vote, McCain took the remaining 42% with his lies, and that leaves the remaining 5% wackos, to which I am now considered one of them. I voted JOE THE PLUMBER.

So, hats off to you America, if you allow this to happen, thanks for selling my freedom and the liberty of my unborn children. That is, of course, if the government will allow me to have kids.

Update: Even though the bill passed in the House, all republicans vote no. Good for you GOP. You finally grew some balls. Now, let's hope repubs in the Senate can do the same.