November 6th, 2009
This is truly funny. You can tell that Sec Treasury Geithner has been banned from using the phrase “raise taxes”. Not so funny: $1.3 TRILLION of new debt since inauguration day. At that pace Obama will raise the national debt from $10.6T to $17.1T in one term.
Posted in Finance, Politics, Taxation |
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October 21st, 2009
Instead of trying to convince everyone that the economy is recovering - you know - with out new jobs or increased spending… why do we just admit we ain’t recovering!
WASHINGTON - Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years.
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Posted in Finance, Media |
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October 19th, 2009
One of the better explainations of the Fair Tax vs Flat Tax vs IRS…
Posted in Finance, Taxation |
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October 16th, 2009
The stimulus spending cost to create 1 job is $71k. Sadly the stimulus has created 30,383 jobs so far!
Meanwhile we are losing around 300,000+ each month.
The White House unveiled Thursday the first hard data on how many jobs the $787 billion recovery act has created.
So far, 30,383 jobs have been created by companies that have gotten $2.2 billion worth of stimulus contracts directly from the federal government. That equates to $71,500 per job based on just the funds that have been distributed.
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Posted in Finance, Politics, Taxation |
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October 15th, 2009
Make Healthy people pay more, let old people die, and stiffle innovation to cut costs…Former Labor Secretary and Obama adviser Robert Reich speaking honestly at UC Berkeley on Sept. 26, 2007.
Posted in Finance, Liberty, Politics |
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October 8th, 2009
Apparently the Obama thinks “creating jobs” is handing out money to poor people…How does that saying about fish and fishing go again?
Detroit’s homeless and low-income residents have another opportunity for a chance at millions of stimulus dollars.
The money is available to help low-income residents from becoming homeless and homeless residents to find housing.
Thousands of people lined up Tuesday.
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Posted in Finance, Politics |
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October 3rd, 2009
Tom Blumer has a interesting perspective on the sharp decline - 42% and 45% - of GM and Chrysler.
Reviewing September’s detailed sales results in the car business carried at the Wall Street Journal, three things stick out immediately:
* The awful performance at General Motors — down 45% from September 2008.
* Chrysler’s even worse performance — down “only” 42% from September 2008, but a mind-boggling 61% from September 2007 (62,197 in 2009, 156,799 in 2007)
* Ford’s tiny decline of only 6% from a year ago, despite the end of the Cash For Clunkers program in August.
No other major maker had a year-over-year September decline that was even half of that seen at GM or Chrysler.
Yet the press, while beginning to acknowledge serious problems at the companies, both of which were first bailed out by the government and then taken through government-orchestrated, contract law-violating, UAW-favoring bankruptcies (GM discussed here, Chrysler here), still will not entertain the possibility, despite the evidence, that consumers are shunning them because of their bailed-out status and their heavy-handed tactics in bankruptcy. - newsbusters.org
Posted in Finance |
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September 16th, 2009
Following up on our earlier story: Amid ACORN’s claims of one time occurrences, it’s FOURTH office gladly jumps at the chance to help a Pimp & Hoe break the law.\
A fourth video by an independent filmmaker posing as a pimp along with a purported prostitute has surfaced depicting an ACORN staffer in California assisting the couple in their quest to obtain housing for their illegal sex business.
Much like in their previous undercover stings at the group’s offices in Baltimore, Washington and Brooklyn, N.Y., filmmaker James O’Keefe, 25, and his 20-year-old partner Hannah Giles, who posed as a prostitute named “Eden,” were given assistance on Aug. 17 from a staffer at ACORN’s office in San Bernardino on how to avoid detection by law enforcement. The couple even tell ACORN staffer Tresa Kaelke - who admits on the videotape to previously having sex for money - that they plan on bringing in 12 girls from El Salvador to work in a home they hope to acquire via the community organization.
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Posted in Finance, Politics |
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September 15th, 2009
If you haven’t seen the videos of Acorn helping pimps and prositutes… we’ll you need to. (glad Obama’s time with Acorn didn’t teach him any of these tatics)
A famous community organizer once said, “The only way to upset the power structure in your communities is to goad them, confuse them, irritate them and, most of all, make them live by their own rules. If you make them live by their own rules, you destroy them.”
The scenario we posed the ACORN Housing employees in Baltimore is due to the application of similar power tactics. We gave ACORN a taste of its own medicine. ACORN was alleged to be thug-like, criminal, and nefarious. This criminal behavior was evidenced by a video of Baltimore ACORN community organizers breaking the locks on foreclosed homes. Instead of railing against their radicalism, it is best to bring out this type of radicalism. Hannah Giles and I took advantage of ACORN’s regard for thug criminality by posing the most ridiculous criminal scenario we could think of and seeing if they would comply-which they did without hesitation.
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Posted in Finance, Politics |
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