Posted in Delaware Democrats, Economics, Election 2008-President, Healthcare, Open Government, Spending, Stuff, Taxes, Tom Carper, Universal Healthcare on Oct 2nd, 2009
Delaware’s very own senior U.S. Senator Tom Carper admits that he has no intention of reading the actual legislative text of the upcoming Health Care Bill. Carper calls legislative language gibberish and states that he can’t comprehend this type of language. Carper also “questioned whether anybody could read the actual legislative text and credibly claim [...]
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Posted in Economics on Sep 24th, 2009
The American Dollar is endangered. Lose Money and long term unprecedented debt plans are threating to make last century the only American century. No wonder the Rise and Fall of the Roman Empire is no longer taught in high school history. We don’t want to hear bad news. The good news it that it is [...]
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Posted in Economics on Aug 27th, 2009
After the fiasco in February, the term stimulus bill is a dirty word. Yet, the recent CBO projections sustained high unemployment and larger deficits makes me think that a proper stimulus bill would be an investment. The projected deficit is up by two million million (trillion) dollars before new programs are taken into account because [...]
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Posted in Economics, bailouts on Aug 25th, 2009
Chairman of the Federal Reserve Ben Bernanke has been nominated for a second term. He has a 99% chance of confirmation allowing for a heart attack or complete collapse of the economy. That does not mean he should not be asked to justify a few policies. The Federal Reserve is paying interest on excess reserves [...]
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Posted in Economics, National Dems, Taxes on Aug 11th, 2009
Some in the administration and the Senate would put America behind a wall of taxation is the new isolationism. The excuse is trying to prevent people from being able to hide income off shore. The truth is the largest forms of tax evasion are local. What this is doing is locking American investors out of [...]
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Senator McCain who liked a Cap and Trade deal for carbon is opposing a 2 billion dollar rebate for “cash for clunkers”. Now this money is coming from reallocating the stimulus funds which is not working too well to a program which is working. What is the problem? Cash for clunkers is a conservative/libertarian idea. [...]
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Hi everyone, OPEN THREAD This is the post I am not going to do about the President’s Press Conference tonight. After my head exploded I am finding it hard to prepare a real post. Perhaps someone with more cranial fortitude will come along and do a full write up on the event. Till then go [...]
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Posted in Economics, Energy, Sarah Palin on Jul 14th, 2009
Governor Sarah Palin wrote on the dangers of the Cap and Trade proposal in the Washington Post today. I am deeply concerned about President Obama’s cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage. American prosperity [...]
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Posted in Economics on Jul 9th, 2009
What if the policy makers don’t make the right decisions? How can we protect ourselves? The first lesson has to be avoid excessive debt. Outside of the home, I am not a big believer in debt. If you can’t pay your credit cards off in two months, you have a problem. It is better not [...]
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Posted in Economics on Jul 7th, 2009
What are the policy do’s and don’t’s of which we need an awareness. I want to put a particular emphasis on lesson 5 of the Japanese scholars, “Until the focus of disease is removed by surgery, no macroeconomic medicine will be effective.” Do work with other nations to allow an increase in money supply without [...]
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Posted in Budget, Economics, Polls, economy on Jul 7th, 2009
60% of voters surveyed oppose a new federal stimulus bill. This may explain the administration’s reluctance in asking for another one. They are leaving it up to “outside adviser” economist Laura Tyson to float it. Voters are divided into three camps about the first one. 31% say that it hurt the economy, 30% say that [...]
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Posted in Economics on Jul 7th, 2009
The Economist said earlier this year that the Lost Decade in Japan may look good in comparison to what may be in store for us. It may be smart for us to look closer at the Lost Decade. I plan a three part examination. The nation of Japan suffered through over a dozen years of [...]
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Posted in Crime, Economics, Healthcare, Stuff on Jun 5th, 2009
UPDATED: We know that the Henry Bill to allow compassionate use of cannabis was voted out of committee here in Delaware. Amendments are sure to follow. The position of the administration is unknown by this writer. A different version also advanced in Rhode Island to the Governor’s desk. It appears the movement has gained momentum [...]
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Posted in Budget, Deficit, Economics on May 29th, 2009
News from Gretawire $546, 668 !! (yikes!) “….The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined…” I lifted the above paragraph from USA Today (tipped [...]
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Posted in DNREC, Economics, Environment on Apr 8th, 2009
Pennsylvania is going to start dredging the Delaware River in September: After assessing reams of environmental studies, the Philadelphia district of the Army Corps said Monday it is ready to begin scooping out muck at the bottom of the channel to increase the depth from 40 to 45 feet. Now, this is something I consider [...]
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Posted in Economics, Stuff on Mar 23rd, 2009
Delaware Rules and that’s a fact. You have to love New Jersey crying foul over not having the ability to participate in sports betting, when in fact had the opportunity to, at the time The Professional and Amateur Sports Protection Act (PASPA) was passed. Specifically – “Consequently, the sports lotteries conducted in Oregon and Delaware [...]
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Posted in Economics, Obama, economy on Mar 20th, 2009
Critics who do nothing but whine and complain bash the President for going on the Leno show. If they want to complain, it should be that the President does not get tougher questions than Leno’s from the regular media. What about the potential dumping of the dollar as the world’s reserve currency? It is rumored [...]
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Warning: What you are about to read is not PC. It could result in exploding suppositions. Yes, there are pants of panic from a new UN study which says that the global population will soar to 9 billion by 2050. I say great. That’s more people we can teach the Gospel to. (I had to [...]
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Posted in Business, Change, Earmarks, Earmarxists, Economics, Liberalism, National Dems, National GOP, Revolutionary Reform, economy on Mar 18th, 2009
…Congress warned AIG execs to return their millions in bonuses – or face a possible new law taxing those payouts at up to 100%. “They should voluntarily return them. If they don’t, we plan to tax virtually all of it,” New York Sen. Chuck Schumer declared on the Senate floor. The idea that our government [...]
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Posted in Change, DNREC, Economics, Energy, Environment, Global Warming, Jack Markell, Minner Failures, NRG, Stuff, economy on Mar 17th, 2009
Governor Jack Markell has announced that a Californian named Collin O’Mara is his pick to head up the train wreck known as DNREC. O’Mara is described by the Markell Administration as a “climate prosperity leader” and a “climate prosperity expert.” Well, I had no idea what the heck either of those things were, so I [...]
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Posted in Economics, Stuff on Mar 15th, 2009
Michael Goodwin (NY Daily News) writes – “Not long ago, after a string of especially bad days for the Obama administration, a veteran Democratic pol approached me with a pained look on his face and asked, “Do you think they know what they’re doing?” The question caught me off guard because the man is a [...]
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Posted in Economics, Stuff on Mar 13th, 2009
Fri 5pm EST Millions are watching this special across the country. The website is www.the912project.com (note: it is experiencing capacity problems, so keep trying)
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Posted in Economics, National Dems, Stuff on Mar 9th, 2009
Somebody from this administration has to step up. Hillary decided it wasn’t going to be her, that’s for sure. I have to say that I’m quite surprised. Tongue-tied Clinton gets warm welcome “Hillary Clinton raised eyebrows on her first visit to Europe as secretary of state when she mispronounced her EU counterparts’ names and claimed [...]
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Posted in Economics, Stuff on Mar 6th, 2009
From $30 billion to…. I don’t know, how about $500 billion! At this point it’s just madness – “WASHINGTON — Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department. The Connecticut Democrat’s effort — which comes in [...]
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Posted in Economics, Stuff on Feb 28th, 2009
I can’t wait to hear from our friends on the left. The outrage over this should be awesome. Can you imagine if we found out he didn’t pay for his ticket? I can’t imagine they would be that naive though and accept gifts like tickets to a game (LOL); he’s a politician, he should know [...]
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Posted in Economics on Feb 17th, 2009
When we try to learn from history, it makes sense to look at what may have actually happened. Michael Barone wrote an interesting commentary which deserves reading. There’s a fairly broad consensus on policy that some of Roosevelt’s actions made a positive difference but that they didn’t get us out of the Depression. Amity Shlaes [...]
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Posted in Economics, Regulation on Feb 13th, 2009
I like Lt. Gov. Matt Denn. He strikes me as an honest, dedicated public servant and if you ever seen him with his children, you know he is a wonderful father. So this is not personal, it is just about policy. It scares me that he may be the future of the Democrat party if [...]
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Posted in Economics on Feb 5th, 2009
Trillions for symptoms, but not one dime for root causes. Back in the early 1800′s there was a saying “millions for defense but not one cent for tribute”. It spoke of America’s determination to stand strong in the face of terror and extortion. Unfortunately today, we are seeing that we would rather throw money at [...]
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Posted in Economics, USA For Sale, economy on Jan 20th, 2009
From my Twitter update today: Bailout America: Since taxpayer money has been used to bailout creditors, why do taxpayers still owe them unsecured debt?
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Posted in Economics, Obama, Taxes, economy on Nov 21st, 2008
Business man and Obama supporter Irving Magic Johnson is a winner. He knows what it takes to succeed in business. He is advising the incoming administration not to raise taxes in this economy. Some of the nuggets in the video: “Get the economy going then I don’t mind if you raise taxes”. On the bailouts, [...]
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