Ramblings

Obama’s American Jobs Act – Lies and Falsehoods

September 8, 2011 0 Comments

Falsehood #1 Warren Buffet does not pay less taxes than his secretary like Obama keeps preaching. Here’s what people don’t understand and Obama is misleading those who believe him; Warren Buffet pays Capital Gains tax. His secretary pays Federal Income tax. They are two very different things because they earn their money in two very different ways. A capital gains tax (CGT) is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital…
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Politics

Are We Already in a Double Dip Recession?

August 9, 2011 0 Comments

Lots of folks are starting to panic a bit now that the stock market has shed roughly 15% in the last 10 days. And rightly so. We haven’t seen the market tank this bad since the recession started back in 2008. But this time it’s a little more interesting. Well, maybe scary is a better word. Unlike the recession of 2008, we don’t have the same mechanisms at our disposal to try and quell the panic and stimulate the economy. We’re also starting off in a worse spot. Interest rates…
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Economy

US Credit Downgrade – Tea Party’s Fault? Bah!

August 5, 2011 0 Comments

“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” – Dave Ramsey The main focus of the Tea Party is to cut Federal Government spending. That’s it. Nothing more, and nothing less. So based on the above quote, why…
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Economy, Politics

United States Treasury Bubble?

August 2, 2011 0 Comments

The market has completely panicked. The DOW fell -265 points on August 2nd, 2011 and -512.76 August 4th 2011, as investors fled stocks and put their money into government backed securities like short-term and long-term treasury’s. The fear of a debt default, which was completely unfounded (politicized by Obama and Geithner), has been eliminated now that the debt ceiling has been increased and the government has the authority to borrow more money. At the same time, the economy appears to be heading towards a double dip recession as the entire…
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Economy

How US Treasury Bill Yields Work

July 13, 2011 0 Comments

There’s a lot of talk these days about US Treasury Bills, and a lot of folks don’t know what one is, or why they are important. US Treasuries are certificates issued by the United States Government. Think of them as IOUs or loans. The government will issue Treasury Bills when they need to raise money they don’t have, usually to fund things like war, big spending projects or in recent times, pay their bills (I won’t get into why that is bad in this post). Treasuries can be bought by…
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Economy

Do Police Prevent Crime? More Police Better?

July 6, 2011 0 Comments

Burglar breaking into house

Ask yourself this question: Who prevents a crime targeted at you from happening? Most people would answer, the Police. But do police really prevent crime? How often has a police officer stopped a home invasion? What about a mugging? What about a bank robbery? How often has a police officer stopped a murder from happening? Or a fight from breaking out in a bar? Unless they happen to be in the right place and the right time, it’s unlikely they could prevent any crime from happening. Usually, people call 911…
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Legislation, Ramblings, Regulations

Obama – More Windmills to Lessen our Dependence on Foreign Oil

April 24, 2011 0 Comments

President Obama is just as clueless as former President Bush. Here’s a couple quotes from his most recent town hall style meeting at a windmill factory: … a future where America is less dependent on foreign oil, more reliant on clean energy produced by workers like you.That will happen by reducing oil imports, tapping domestic energy sources and shifting the nation to renewable and less polluting sources of energy, such as wind. Why is this such a hard concept to understand!? Windmills and solar panels produce electricity, not oil. Gasoline,…
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Politics, Regulations