Tuesday, May 02, 2017

Are Influence Marketers Responsible for Fyre Fest Restitution

A simple bit of click bait here ...
My basic thinking is that pretty much everyone who signed up to get rooked by Ja Rule deserved it. But the realistic side of me knows that vapid is as vapid does and stupid animals can't really help themselves, so who is the next best moron to pick on? Of course its the social media influencers leading the tender little lambs to the slaughter. Actually at the moment they're likely the only people who came out to the positive in this whole affair, as the organizers are going to get the pants sued off of them. The dim witted attendees undoubtedly ended up out of pocket for at least some expenses. Now the precedent is simple, Madoff trustee, Irving Picard has recovered billions in unwittingly ill gotten gains from people who withdrew enough money from their Madoff accounts to actually turn a profit against their original principal. Therefore, it seems simple, that people like Kylie Jenner, Bella Hadid, Hailey Baldwin and Emily Ratajkowski might actually be liable for some form of restitution in a case such as this, where they chose to lend their "good" names to a bad cause. While I am fairly certain that the social media influencers who served as carnival barkers for this sham were not co-conspirators, they were unwitting accessories to the fraud which was perpetrated.

Monday, September 09, 2013

Terry McAuliffe, Irresponsible Advertiser & Campigner

So the race for the governor's mansion in Virginia is getting pretty ugly. What else is new. The GOP put up one of their stock cronies and the Dems, not to be outdone went for the best and brightest in the race for the bottom. While I am a Virginia resident and voter, I probably could have cared less which of these ding dongs were to win. It was debatable if I was even going to vote in this election until very recently. Two weeks ago, my son, who is now four was watching videos on YouTube about Disney Pixar Cars toys, because he was trying to decide which 50 things to ask my wife and me for. Often as we all know, before a YouTube video, there is an advertisement. Well, this is the advertisement which came on ... Now, as we all know, 3 year olds are very inquisitive little people. I had to field questions about words like rape and abortion from my son after not being able to skip this video on the way to the toy review he was trying to get to. This was my tweet to the McAuliffe campign which received no response. Days later, we intercepted this same ad coming up again as my son was trying to watch an episode of the Super Friends on YouTube. So I emailed the McAuliffe campaign to express my displeasure with their strategy of targeting videos that have youthful themes with this ad. I sort of got a response. They added me to their mailing list which got me thinking. Years ago, when Mark Warner (D), now our junior Senator was running for Governor, he promised to abolish the car tax in VA. I'd guess that 90% or more of the populous was behind the mandate which he failed miserably to abolish. Now, I don't think much about Ken Cuccinelli. I don't care for his stance on abortion and a host of other social issues, but I'd wager that with less than 50% of the state's backing there is no chance he's going to overturn Row v Wade in Virginia, so this is just plain fear mongering for the sake of smearing the other guy.

Wednesday, January 16, 2013

Sure I'll pay for that

AARP wants a national discussion on retirement issues for middle class citizens. Sure, why not... How about people start living with their mistakes and misfortunes rather than looking to those who were responsible and hardworking to bail them out over and over and over. No education, sure I get pick up the tab on your health insurance while bearing higher costs myself. Can't afford your house, no problem, I'll go without one while the gov't props up unsustainable home prices by bailing you and your bank out (yes main st and wall st got theirs) Racked up a big credit card balance, just use one of those structured default services and let the bank take its bite out of the people who pay their bills. Because you didn't prepare yourself to earn a good living and bought an over paid house so you can't save for retirement, sure I can pick up that tab too. What the heck is wrong with you people today?

Friday, March 09, 2012

Calling BS on the Jobs Numbers

Our president continues to tout strong jobs numbers, but he's ignoring one that I find quite telling. 31% of cities are reporting an increase in demand on what they call Survival Services which consist of food banks and homeless shelters. You can't shine shit, but thats what our leadership continues to try and do with the help of a complicit media who continually refuse to report the truth about our predicament, because they are actually worried that a clod like Mitt Romney could defeat our naked emperor. I have no idea why the mainstream media labors under that delusion, but its not serving anyone's best interest.

Thursday, March 01, 2012

How Dumb Can a 1 Percenter Be?

I find this article to be funny. How can someone this stupid still make a 1% salary. How dumb can you be to say that less wealthy people don't understand what its like to have to make tough choices on sacrificing portions of your lifestyle when other people have to choose between food and electricity.

As someone who makes a top 5% salary and aspires to a top 1% salary, I used to think these people got a bad rap, but my opinion has changed.

Actually I know how this clod got his 1% salary, his brother owns the company. So, I'd rephrase my question, how dumb can someone be to hire someone this dumb, that they'd go on the record with a reporting with these kinds of whinny complaints.

Friday, February 17, 2012

UC Citizens Continue to Pay For Obama's Largess With the Banks

US taxpayers continue to have their tax dollars used against them by their president who vilifies banksters in one breathe while he bails out his teachers pets in the next breathe. $40 BILLION this time. So, a not so subtle message to our Baby Boomers leaders, stop selling out your children.

This time, the frauds on Capitol Hill are using an undisclosed clause in the current agreement allow banks to go back as far as 2009 and receive public funds for home loan modifications that were made at that time. Its kind of like your boss giving you a raise today and then handing you a big bag of money because they feel like you deserved it for the unpaid over time you worked 3 years ago, because that over time was always expected as part of being an exempt employee. I know it sounds absurd, but that is exactly what this is ... ABSURD.

Wednesday, January 18, 2012

Here's the Fuel for our Modest Growth

Well, its finally starting to dawn on people why we have these low/modest growth numbers and its worse news than you can ever imagine. Sheer and utter BS is fueling the growth in our economy. Barack Obama's reelection bid will benefit from Americans mortgaging their futures, just like he has done to us. Any way you cut it, extend and pretend is thriving like never before. The American people are like sheep being led to the slaughter. The children of the Boomers have been mortgaged to the hilt and the list of manageable solutions is dwindling if its not already exhausted. Argentina was dipping into their public employees' pension funds leading into their default.

MSNBC/Reuters reported:
More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.
In an ominous sign for America's economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.

Some policymakers worry that a recent spike in credit card usage could mean that people, many of whom are struggling on incomes that have lagged inflation, are taking out new debt just to meet the costs of day-to-day living.

American households "have been spending recently in a way that did not seem in line with income growth. So somehow they've been doing that through perhaps additional credit card usage," Chicago Federal Reserve President Charles Evans said on Friday.
"If they saw future income and employment increasing strongly then that would be reasonable. But I don't see that. So I've been puzzled by this," he said.

After a few years of relative frugality, the amount of money that Americans are saving has fallen back to its lowest level since December 2007 when the recession began. The personal saving rate dipped in November to 3.5 percent, down from 5.1 percent a year earlier, according to the U.S. Commerce Department.

Jeff Fielkow, an executive vice president at a recycling company in Milwaukee, Wisconsin, contributed less to retirement savings and significantly cut back on dining in restaurants and taking vacations in order to keep college savings on track for his two children. "We would love to save more," he said, "but we're doing the best we can."

There have been some signs of a quickening in U.S. economic growth recently after it emerged from recession in mid-2009.

Hiring was stronger than forecast in December and confidence among consumers rose to its highest level in eight months in January.

But many see a long, hard slog ahead and economic growth this year is not expected to be much more than 2.0 percent, barely up from 2011's growth pace.

The big risks include Europe's debt crisis as well as the shaky finances of many Americans, hit by a five-year decline in house prices and still high unemployment. U.S. consumers account for about two thirds of the country's economic output measured by total spending.

Retail sales rose at the weakest pace in seven months in December, according to data published last week.

Sales in 2012 are expected to grow at slower rate than last year, an industry group said on Monday. The National Retail Federation projected sales would rise 3.4 percent this year, compared with than 4.7 percent in 2011.

"When the stock market and the housing market were booming, we saw that a lot of people would take on more debt and save less. They felt the saving was being done for them," said Mark Vitner, managing director and senior economist at Wells Fargo Securities in Charlotte, North Carolina.

"Today, the saving rate is falling out of necessity. Food and energy prices have risen and folks don't have as much money to spend on the things that they would like."

Just as Americans used to borrow against the value of their homes before the property crash, now many are taking out loans from their 401(k) retirement savings plans.
Almost a third of plan participants currently have a loan outstanding, according to an upcoming survey of 150,000 holders of 401(k)s by consulting firm Aon Hewitt.
"People are at a loss, and they are struggling," said Pam Hess, director of retirement research at consulting firm Aon Hewitt.

Loans taken from retirement savings accounts jumped 20 percent last year across all demographics, according to a survey to be published in March. Among lower earners they leapt by as much as 60 percent, said Aon Hewitt's Hess. The vast majority of borrowers, she said, need the money for essential expenses like bills, car repairs and college tuition.

The non-profit Employee Benefit Research Institute's (EBRI) annual retirement confidence survey hit a new low in 2011 with 27 percent of workers saying they're "not at all confident" they'll have enough for a comfortable retirement. Almost 15 percent expect to work until at least the age of 70, up from 11 percent in 2006.
New York real estate broker Leila Yusuf had been very conscientious about saving for retirement, typically socking away $5,000 to $10,000 a year. But her income slid by 30 percent in the last two years as the housing market hit the doldrums and she stopped making contributions.

"I couldn't afford to do it after four deals didn't go through," said Yusuf, 37. "I need money to live on."

In another sign of Americans struggling to make ends meet, EBRI found that more than 20 percent of those aged 50 or older changed their medical prescriptions to save money and almost as many had skipped or postponed doctor appointments for the same reason. Almost 28 percent reported having difficulty paying their monthly bills.
College savings hit .

The amount of money Americans put aside for their children's college fees is taking a hit too. Assets in the popular state-managed college savings funds known as 529s dipped more than 10 percent in the third quarter of 2011. Estimated outflows were $354 million between July and September contrasted with inflows of $927 million in the same period of 2010, according to Financial Research Corp.

Indicative of the trend, contributions to the 529 plans managed by investment management firm Vanguard dropped 1.0 percent in 2011 after climbing 17 percent from 2009 to 2010. Parents of younger children are continuing to save, according to Vanguard, "but they may be concerned about the economy and market conditions and have cut back a little."

At the same time, college students are borrowing twice as much as they did a decade ago when adjusted for inflation, according to the College Board, and Americans now owe more on student loans than on credit cards.

Household borrowing on cards, car loans, student loans and other installment debt jumped almost 10 percent from October to November, according to the Federal Reserve, its biggest jump in a decade.

Welcomed by some as a sign of confidence in the economic recovery, others worried it was really a reflection of desperation.

"Apparent stronger consumption at year-end was associated with falling savings rates, compensating for stagnating income growth," Dennis Lockhart, president of the Federal Reserve Bank of Atlanta said on Jan. 11.

"I question whether this consumer spending momentum will be sustained without a pickup in income growth."

In a sign of concern among policymakers about the weak finances of many Americans, the Federal Reserve this month suggested an array of ways the U.S. government could help shore up the housing market.

House prices have fallen 33 percent from their 2006 peak, resulting in an estimated $7 trillion in household wealth losses and about 12 million homeowners are saddled with mortgages worth more than their properties.

Americans are steadily working off their overall debt levels, including their mortgages. Credit card balances, while little changed compared to a year ago, are down 18 percent from a peak in September 2008.

"It's not like it was a year or two ago when it really felt like a recession, and there was no job growth," said Scott Hoyt, a senior director of consumer economics at Moody's Analytics. "It's better than that and you can see that in the spending. But there's still no reason to go back to the free-spending.

Tuesday, January 17, 2012

12 Reasons to Vote Democrat

1. I voted Democrat because I believe oil company's profits of 4% on a gallon of gas are obscene, but the government taxing the same gallon of gas at 15% isn't.

2. I voted Democrat because I believe the government will do a better job of spending the money I earn than I would.

3. I voted Democrat because Freedom of Speech is fine as long as nobody is offended by it.

4. I voted Democrat because I'm way too irresponsible to own a gun, and I know that my local police are all I need to protect me from murderers and thieves.

5. I voted Democrat because I believe that people who can't tell us if it will rain on Friday can tell us that the polar ice caps will melt away in ten years if I don't start driving a Prius.

6. I voted Democrat because I'm not concerned about millions of babies being aborted so long as we keep all death row inmates alive.

7. I voted Democrat because I think illegal aliens have a right to free health care, education and Social Security benefits, and we should take away the Social Security from those who paid into it.

8. I voted Democrat because I believe that business should not be allowed to make profits for themselves. They need to break even and give the rest away to the government for redistribution as the Democrats see fit.

9. I voted Democrat because I believe liberal judges need to rewrite the Constitution every few days to suit some fringe kooks who would never get their agendas past the voters.

10.. I voted Democrat because I think that it is better to pay billions to people who hate us for their oil, but not drill our own because it might upset some endangered beetle, gopher or fish.

11. I voted Democrat because while we live in the greatest, most wonderful country in the world, I was promised "HOPE AND CHANGE".

12. I voted Democrat because my head is so firmly planted up my ass, it's unlikely that I'll ever have another point of view.

Tuesday, January 10, 2012

Huntsman 2012

The Last Good Idea endorses former Utah Governor and US Ambassador to China, Jon Huntsman for the 2012 Republican nomination as candidate for the Presidency of the United States.

This is the only guy who can defeat our current spender in chief. The rest of the Republicans are just playing house with the Tea Party.

Debt = GDP

No those aren't variables in my latest piece of software, its the actual grim truth of things in this country and how our president and Congress are spending us down the drain.

Monday, January 09, 2012

Things Are Really Screwed Up

So last night, my wife, son and I went out with another couple and their son. As our two year olds climbed all over each other in the booth, our discussion switched to paying for their educations. While we both have that issue well in hand, it is alarming to consider the cost of education these days and whats its going to cost in another 15-20 years as universities continue to add administrative bloat. Then we moved onto the topic of retirement and that's when I really got into the discussion.

My wife and I make a good living and so does the other couple we dined with, but it occurred to me that most people around out age (35-40) are not taking care these sorts of issues as perhaps they should. And truthfully, how can they pay off their student loans, buy a house, raise a couple children, pay to educate those children and retire some day? The answer is, they can't. There is no way in H-E double L the average family of earners could ever manage all those expenses along with $4 gas, car payments, new TVs every 7 years (that's the stated average), an occasional vacation, new clothes once in a while, because we know people buy these things far more often than can afford. The numbers just don't add up.

And you know that when the math is broken, the truth is revealed.

Gen X isn't going to be able to afford retirement after years of having the current crop of politicians punishing us for saving. Millenials will not be able to afford their student loans, homes or children. Its that simple. Something has to change and neither the party of the stupid (the Democrats) nor the party of the ignorant (the Republicans) are paying any attention to the real problems. They are too busy trying to get elected or reelected. An entire generation of US politicians need to be renamed Nero who fiddle, rap or sample while our country burns.

Thursday, December 29, 2011

The First Honest Assessment

The WaPo ran this piece which stated that the City of Baltimore doesn't expect property tax revenues to increase until 2016, which means they aren't forecasting a housing bottom until 2015. And that children comes from someone who needs to plan for the future and be honest with themselves about the course we are on, as opposed to our extend and pretend politicians or the bulk of the mainstream media whose editorial agendas have a vested interest the party who has spent several trillion dollars bailing out over extended banks and home debtors. In truth, I doubt the WaPo even understood the significance of what they printed, or I am sure that they would have framed it differently.

Wednesday, December 14, 2011

Oh the Bitter Irony

Democrats like to wail about Goldman Sachs' influence over the government, yet they are the prime offenders when it comes to opening the door for these blood-sucking vampire squid to help drain the financial life out of our country.

Look at all these ex-Goldman employees appointed to office over the last 20 years. All but one are Democratic appointees.

John Corzine: I Stand Corrected

So last week, I gave this clown the benifit of the doubt. My mistake. I really have to stop doing that.

Today Reuters reports that transcripts from the compliance department at MF Global clearly show that he was aware that customer funds were being used in a suspect fashion.

End of story, he's a crook and a perjurer.

Thursday, December 08, 2011

Fact Check

Continuing with my theme of incompetence today ...

While discussing the upcoming expiration of the 2% payroll tax cut the White House released the following statement...
It's simple. If lawmakers don't vote to extend the payroll tax cut, taxes for 160 million Americans will go up on January 1st.

President Obama just left the press briefing room at the White House where he called on Congress to extend the tax cut, pay for it responsibly, and expand it so middle class families get a $1,500 break next year.

He told Congress to put country before party and stop wasting time.

Every day, folks are fighting to make ends meet and businesses are working to keep their doors open. The longer Congress waits to extend the payroll tax cut, the more uncertainty it creates for ordinary Americans. So we've put a clock on every page of the White House website, counting down the days, hours, and minutes until taxes for the middle class increase. In the briefing room, where the President just spoke, that same clock is ticking down as well.

And to make sure you have the information you need to know exactly what this means for your family, we've put together a calculator to show how much of your money hangs in the balance.

This calculator illustrates for you what nearly every independent economist has said: letting this tax cut expire will be a blow to the economy. We can’t let that happen. Now is the time to make a real difference in the lives of the people who sent us here.

Check it out and pass it along:



David Plouffe
Senior Advisor to the President
A couple of things stood out. First off, 160 million American workers is a BS number that somebody pulled out of thin air, because the BLS only claims about 140 million American workers currently employed. So, certainly there aren't 160 million middle class workers out there. $1500 is the maximum benefit from this break, so there is no chance the average American worker who makes $50,000 is receiving $1500. The number is less than $1000.

So, I sit here pondering this statement and I can't help but wonder.

Was someone trying to deceive us? And I am sure it worked on the weak minded 99%
Was someone flat out lying to us?
Was someone just plain incompetent?

On the high side, at least the spelling and grammar were correct, but then again Microsoft Word is pretty good at correcting those kinds of things. Its shame it doesn't work on the truth.

Because any of these circumstances should disqualify someone from working for the President of the United States or most other employers. Can someone perhaps offer an alternate reason why millions of soft minded Americans were sent these untruths?

John Corzine: I Buy Your Story

So today, John Corzine broke his silence and stated that he was shocked that multiple hundreds of millions of dollars were missing. And you know what, I buy it. Its a believeable story.

What I find unbelievable, and quite frankly negligent is this; Why was this ultra experienced senior executive running his firm with such weak compliance and monitoring of trading and accounting? Especially with the history of such scandals over the last decade or so. Remember Barings Bank and Nick Leeson or Jérôme Kerviel and Société Générale. These are repeated failures of compliance and monitoring which have resulted in multiple billions of dollars lost because nobody was watching the till.

In short, I don't necessarily think John Corzine is a crook, but rather an incompotent CEO. At least until proved otherwise.

Thursday, December 01, 2011

Adam Carolla is Spot on WRT OWS

Warning : The language is not safe for work, so please exercise some judgement as to where you play this video and for whom you play this video.

Wednesday, November 02, 2011

Watching Democracy Fail in Greece

So, the title of this posting might be a little misleading, but what we are watching unfold in Greece, the birth place of democracy, is both amazing and sad.

The people of Greece are faced with a true rock and a hard place dilemma, choosing between challenging cuts and the uncertainly that will come with a likely default on their sovereign debt. The amazing thing is that their prime minister, George Papandreou is poised to give the people a true democratic say in their future. I find it admirable to see democracy at work. To be honest, with a BA in political science I find this fascinating, exciting and I find myself just a little jealous. Jealous because the people of the United States have long since lost their hand on the tiller. The cold, scientific, calculating side of my mind that holds a BS in computer science finds that prospect to be terrifying, because the Greek people are likely to make the "wrong" decision. And by wrong decision, I mean choosing not to accept the austerity measures which will mean true hardships for the common man, but perhaps all classes of Greeks on a more equal basis. I am not going to get in to the fine grained details, because I know that all across the EU and the rest of the world, most people have tougher and perhaps lower or different standards of living compared to Greek entitlements. But I also know that everything is relative, sauce for the goose is not necessarily sauce for the gander.

The scientific side of my mind compels me to ask why the people of Greece would make the "wrong" choice. I find it very simple to understand why Greeks are making the choices they are making. They are not failing at democracy. Democracy has failed them, and failed them miserably, in much the same way as it has failed people all around the western world. Their elected leaders stopped listening to them a long time ago and so have ours. So as my liberal arts side battles my logical, Vulcan side, I find myself, giving in to the "wrong" decision.

Make no mistake, I am not a Democrat, I never have been. I've always leaned to the right. The contrary son at the Passover Seder who forged his own path of mostly right leaning, but highly pragmatic views. I have voted for Democrats like Jim Moran (D VA-8) and Jim Webb (D VA), but today I can't bring myself to vote them for a littany of reasons. I would urge everyone who reads this posting to consider, regardless of your political leanings to vote against every single incumbent later this month and next year, because there are few if any sitting politicians who are listening to the people they represent. I feel that they are all too busy trying to get reelected rather than fulfilling their responsibilities to their constituencies. It is unfortunate the oath of office for the President, Senate and House of Representatives says nothing about doing the will the of the people they were elected by. Perhaps it should. So, I urge you to put your hand back on the tiller, tell the temporary residents of Washington that they should represent the voters not the donors. Remind the future generations of Washington politicians that true power derives from a mandate from the masses, not the checkbook of special interest.

Monday, October 24, 2011

Kick the Can

I really don't have the fuel for this, so I'll keep it short. The lastest plan to prop up the housing market help get obama reelected just toss another couple hundred million freshly printed dollars on the fire.

As I have said over and over, anything that prevents real price discovery just ups the cost and pushes out the point at which we'll see real recovery.


Just keep foresaking tomorrow for today.

Wednesday, October 19, 2011

Fear the 99%

No, not the 99% who are currently up against it, when it comes to wealth and power.

No, I am talking about the 99% who parrot back every little theme, idea or misconception fed to them by CNN and Fox. Yes it cuts both ways, we are besieged by morons on both sides of the aisle.

It’s this 99% who brought us the last moron, the current moron and likely the next moron. Having watched some of the Republican debates, I can only expect that we'll get four more years of the current delegator in chief who through one bad economic policy after another will take us to the brink of a true imbecile like Palin, Bachmann or Huckabee. Every 4 years the choices get worse and worse, but I think the bottom is flying up to meet us.

I came across this a couple of weeks ago and I wanted to share with all of you, because I think it’s a good read about what we're experiencing right now.

While I might loathe much of the interests of Occupy Wall St crowed, I do respect the fact that they are likely our best agent for change, at the moment, although I think that they are going about it in the completely wrong way. Let’s face it, if you point a figurative gun at someone's head because of their alleged greed, they aren't going to change their ways. Instead they are going to try and grab as much as they can before the rules of the game change. Instead, what the OWS crowd should be doing, is taking their protest, their efforts and their time to the real seat of power, Capitol Hill. Go March around the Capitol, down K St or past the White House. Make the decision makers see you in person rather than for 30 seconds on CNN. Go March on the ritzy row houses behind the Capitol or in Bethesda MD, Potomac MD or McLean VA where the real power brokers live.

If you're going to go to the effort, at least make it count.

Thursday, September 15, 2011

Global Central Bank Bailout = QE 2.5

So here it is, QE 2.5 without a lot of fanfare. Heck the mainstream media is barely covering it, because of course it would look bad for their boy who continues to punish savers and prudent Americans who live within their means in order to bailout the stupid home debtors and greedy bankers who are still taking massive bonuses on profits secured with near 0% loans from the Fed Funds Window.

This isn’t even the QE3 that I am predicting for early next summer in order to prop up the markets and provide Potemkin Village for the uninformed electorate who don’t even know that their tax dollars continue to be used against them in order to get a man reelected who still hasn’t organized anything bigger than midnight basketball. 2.5 years in, our Delegator in Chief continues to campaign for his job while prudent Americans and China's currency reserve continue to take it in the back pocket.

Just watch gold, oil and other hard commodities, they will be all going up as the dollar is devalued along with the Euro, Pound and Yen.

Friday, June 24, 2011

The Party Is Over

I was typing this up as a post on another blog and I figured I would post it here too.

Every further dime spent on propping up housing is probably a dollar down the drain tomorrow. The thing which I think escapes most analysts of the situation is that there isn't a single asset for sale today that isn't over priced. Real price discovery needs to occur across the board. A massive deleveraging, on an unimaginable and very painful scale must occur before our economy can function with any semblance of normal. The Irish are finally looking at their bankers to take some losses. That needs to happen here in the US and Europe as well. US Debt holders around the world are going to have to take in the back pocket too. We're paying China something like $340 billion a year in interest, and that number is probably also low considering how much debt we've floated in the last 2 years.

Its time to face the music. You can't just put it on the rich to pick up the tab. 100% of the top 2-3% of earner's income is a drop in the ocean. The rich are going to have to pay a lot more. The middle class is going to have to pay more, the poor are going to have to get by with fewer entitlements. The military is going to have to get better at stretching a dollar, the Federal government is going to have to cut a gigantic portion of it workforece and expenses. From my experience as a contractor, you could cut 1/3 of the Federal government's staff and still have plenty of waste to go around. The loopholes that allow businesses to pay little to no tax are going to have to be closed.

Wednesday, June 22, 2011

Whats In This For Me?

The NY Times is running a piece on how low taxes are right now and am just not buying it. The writer is throwing the Republican candidates under the bus, however, from my point of view, its deeper than that.

I don't know who is getting the breaks, but it’s not me and my middle class salary. I feel that I am paying more and more while reaping fewer and fewer benefits. I don't really care to continue picking up the tab so that Goldman Sachs bankers can borrow money at 0% and make 10% on it so that at the end of the year they can take home 6 or 7 figure bonuses. I don't really care to continue to pick up the tab so that my neighbors can keep their overpriced ill financed homes. I don't really care to continue to pick up the tab so that Obama, Bernake and Turbo Tax Timmy can keep their jobs for another 4 years.

What’s in this for me? Selfish? Perhaps. Absurd? Not in the slightest bit.

Friday, April 22, 2011

Investigating Gas Prices ... Huh

Our naked emperor is having the Justice Dept investigate why gas prices are so high.

He's the goddam mother f---ing cluprit. Printing a couple trillion dollars was bound to be inflationary. Common sense for crying out loud. What an epic dickbag. I really wish this pack of carpetbaggers would go back to Chicago already.

Of course he knows he has the media in his back pocket. Nobody is going to ask him a tough question and for sure the American people are as dumb as a stump. Mark my words, in a month or two, they will lay blame on the oil companies and the Republicans who take all their doantions, instead of blaming Keynesian economic theory that failed in less than 2 years. There might have been some failings in Reganomics, but most of that as I see it are a failure regulation which the Whine-o-crats are just as much if not more responsible for relaxing through the Clinton years. Remember all those Youtube clips of Maxine Watters, Barney Frank, Athur Davis and a host of Democratic stooges defending Fannie Mae while grilling regulators who were trying to enforce the law?

Like sheep headed to the slaughter the American people are being sold out by their false messiah.

And then there is this from Market Ticker
Obama Directs Holder To Indict Obama And Bernanke

This case will require 15 seconds to solve. My evidence is below:

The chart is oil, the white line the dollar.

The dollar has collapsed as Bernanke and Obama have together conspired to demand QE2 to support Obama's insane borrowing and spending in the economy.

There is a near-perfect inverse correlation between these two charts.

Please surrender at the nearest FBI office for your arrest Mr. Bernanke and Mr. Obama.


Somewhere GWB is sitting in a chair, smoking a cigar, prolly Cuban, sipping expensive scotch watching his legacy get better and better.

Then he looks over at Jimmy Carter and says, "this ain't so bad eh Jimmy-bob, your off the hook as worst President ever".

Monday, April 11, 2011

Thomas Jefferson Rolls Over in His Grave

It costs $2 billion dollars to run for President.

The idea of a government of the people, for the people and by the people is dead. Stone cold and long since in the ground. In December 2010, a Democratic House, a Democratic super majority in the Senate and a Democrat in the White House passed and signed the tax cuts that instill the lowest tax rate for the wealthiest 500 earners in this countries since the 1930s.

To sit here and listen to the rhetoric of the Democrats calling the Republicans the part of the rich and big business is becomming laughable. At least the Republicans don't pretend to be the party of the people or identify with the common man, because there is no way someone who went to the finest private school in Hawaii, Columbia and Harvard Law could identify with a guy who has a high school diploma and a $25/hour job, regardless of his humble roots.

Neither party give's a damn about the people. And we're all far to domesticated to consider putting it all on the line in a revolution. Instead we'll march along like the sheeple that we are as both parties spend our country into the ground.