For establishment Republicans that think Romney is the best candidate, I have a question.

You want to bet?

Posted by admin as Economics, General, politics at 11:34 PM UTC

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The private sector doesn’t need government, but government needs the private sector to pay taxes.

Posted by admin as Economics, General, politics at 10:33 PM UTC

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Obama is running around the country, yelling like a drunk at a college game demanding his new stimulus bill be passed by Congress. Obama is calling it a jobs bill but is more of the same, big spending with added taxes on those that actually would create jobs.

Posted by admin as Economics, General, politics at 10:42 PM UTC

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The Chairman of the Federal Reserve testified in Congress about the state of the economy, deficits, the debt ceiling, government finances, Fed policy, the dollar and some other topics. He was questioned about the negotiations between Obama and Congress about the need and importance of raising the debt ceiling.

Bernanke said that it would be like spending money and not paying the bill if Congress didn’t increase the debt ceiling. The analogy Bernanke gave was wrong. The debt ceiling is the equivalent of maxing out a credit card and asking a bank that issued the credit card for a higher maximum to borrow. If someone spent money when their credit card is at it’s maximum borrowing limit as Bernanke said, the credit card would be rejected and the person could not buy the merchandise they wanted. If someone did that in a restaurant they would be in trouble and possibly have to wash dishes to cover the bill or pawn their ring or watch. Someone that tries to pay with a credit card that is at it’s maximum borrowing limit is simply not watching their spending limit. It’s too late to request an increase in the maximum limit on a credit card when in a store. There is no assurance that a bank will increase in the limit on a credit card. If someone hits the maximum the bank will be concerned that the person is in financial trouble and may not pay. For many an increase in the limit would be rejected. When a credit card is maxed out it means the person can’t use that credit card and would be wise to start paying down the debt before requesting a spending limit increase.

Congress is being asked to raise the debt ceiling to borrow more money. If the debt ceiling is not increased the Federal government would have to spend only what it takes in, meaning a balanced budget. Some say it means the nation would default on it’s debt. That is simply not true. It’s a red herring, or a lie. Revenue to the Federal government is much more than interest expense. Interest payments can be made on the US debt as well as other important priorities such as Social Security and the military. Obama falsely said he wasn’t sure there was money for Social Security payments. That is simply not true. Many times the government was shut down and the Social Security payments were paid. There is enough money to send Granny her check.

While it would be very difficult to decide what bills to pay without borrowing more money a few important expenditures can be made. There would certainly be many government programs that can’t be paid and would have to be shut down but a few major priorities can be paid. Bernanke can’t be that stupid to think that not raising the debt ceiling is like buying something and not paying for it or maybe he is. Raising the debt ceiling is spending more than the Federal government has and borrowing to more.

Posted by admin as Economics, General, politics at 10:54 PM UTC

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You may be thinking that Trump is a closet liberal, a Democrat Donkey. Many thought the Donald was more on the liberal side on social issues and a Dem because he gave money to many Democrats including the loud mouth liberal Chuck Schumer. So far during interviews Trump has taken conservative positions on most issues including the social issues and says he is very conservative. It’s a surprise to many.

Trump is bashing Obama about the disastrous economy under his watch and his lack of leadership. Trump is talking about issues that many are afraid to mention. His vocal and straight talk, in clear language, is appealing to many as polls show Trump near the lead or in the lead among Republicans for the nomination. Trump is making noise and shaking up the process. Many of the Republicans seem timid to wimpy, so scared that what they say will offend the liberal media. (Note to Republicans, anything you say they will not like) But Trump is in the face of the Obama media, he doesn’t fear the media or what they say about him. Trump has served notice that he will hit back if someone mocks him. Republicans can learn from that.

Even if you think Trump is a Democrat Donkey, it is worth riding that donkey to shake up the Republican field in the race for the party nomination. Trump will help set a new, higher standard of speaking out clear and passionate about the issues. Republicans will be forced to show a contrast with themselves and Obama and be aggressive. If the Republican politicians can’t beat Trump for the nomination then they aren’t strong enough of a candidate to deserve the nomination. If Trump wins the nomination he deserves it for putting his hat in the ring with enthusiasm and an aggressive style to take the party’s nomination away from more standard Republican candidates. Trump will have set himself up for a solid chance to win the Presidency.

Posted by admin as Economics, General, politics at 1:48 PM UTC

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The CR, continuing resolution, ends Friday so the Federal government may shut down, but will anyone notice? Not likely. The main concern for Obama and Socialists is that people may realize they need government much less than they are told they need it by the politicians running government.

Posted by admin as Economics, General, politics at 9:33 PM UTC

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The Democrats are about to take a huge and historic loss in the coming November election with loses of dozens of House seats and near 10 Senate seats. In 1994 Democrats lost 53 seats in the House with many predicting bigger loses for them in 2010. The Republicans need a 39 seat pick-up to gain control of the House and send Pelosi backing it in as Speaker where she can no longer abuse taxpayers by spending tens of thousands of dollars flying expensive government planes. In 1994 the generic polls without a candidates name of Republicans vs. Democrats, Democrats held leads in many polls up until the election when Republicans had a small lead; but in 2010 Republicans held nice size leads for most of the year pointing to a big win for them.

While many Democrats will put the blame on Obama they only have themselves to blame. The Democrats knew Obama was a radical leftist when he ran for election in 2008 yet the Democrat party backed him. Democrats, liberals, and their liberal media supporters didn’t warn their voters about his radical background and radical leftwing policy agenda that now threatens the existence of the Democrat party and the defeat of many long time Democrat politicians.

The Democrats passed a big spending bill, close to a trillion dollars, for their misguided stimulus that put the nation closer to bankruptcy and borrowing much needed money that businesses needed to grow and individuals needed to buy things like homes There big spending bill didn’t help the economy.

Poll after poll showed that people opposed the Obama government healthcare takeover that anyone with a bit of common sense can tell it’s a disaster for the health of Americans and very expensive. Democrats went along with it in a radical attempt to expand government and run a large part of the economy in complete disregard for the health of the American people and no regard for the cost. Democrats could have said no to Obama but they believed their own propaganda and now will lose many elections because of it.

The Democrats have themselves to blame but they will try to put all the blame on Obama for his misguided leftist policies that they passed. While Obama will try to continue his radical agenda, expect many Democrats that are still in office to run away from Obama and try to save their political career.

Articles to read:
Generic Congressional Ballot: Republicans 48%, Democrats 39%
Voters Trust Republicans More on Eight of 10 Key Issues
Rasmussen Predicts GOP Gain of 55 in House

Posted by admin as Economics, General, politics at 3:05 PM UTC

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Let’s say a young person makes $15 dollars an hour, if they can even make that much. That’s 40 hours a week for $600. Because they are single they pay high income tax and have almost no deductions. After taxes and paying part of their healthcare they take home about $450. That’s if they even get healthcare coverage. That comes to $1800 a month of income to pay their bills and live.

The money will soon be spent. For rent, take off $1000 a month, they are down to $800. Car lease of $300 so it’s $500 left. Car insurance of $200 a month leaving them with $300. The money is going fast so better to buy some food at the grocery store of $50 a week, for $200 a month. Hope the person isn’t a big eater. Now for the last $100 left for everything else. Need to drive the car to work, so need gas and tolls for $100 a month. That’s it, money gone!

What? Money gone already? This young person will not have money for clothes so he/she will go naked. Trendy clothes, designer clothes to look good or to dress well for work? No money for that. How about young women that value dressing well, jewelry, makeup, those designer shoes or purse? No money for any of it.

Will a young person work and stay home every night? Not normally. A beer with friends, going to a restaurant, cafe for coffee. Nope, no money, already broke. How about going to a movie? Don’t all young people go to movies at $10 or even $15 a ticket? No money. Forget the popcorn, or a soda or candy. Take a date to the movie and a low priced restaurant like Friday’s, for a cost of at least $50 for this cheap date; forget it, you’re broke. No money for nice clothes for going out so it won’t make a difference anyway. Oh, and forget that haircut, no money. Styling your hair isn’t possible. Some guys wouldn’t care how long their hair grows, but young women may not feel great with bad hair all the time. Did we mention shampoo and soap and other necessities? Money is long gone for those necessities. Maybe they can hit up their parents for some toilet paper or borrow some from a friend.

That $1000 for rent has to include all utility bills or did we forget that? Cable TV and internet connection better be part of the $1000 figured or there is no money for it. No premium channels of course. Where will the computer come from anyway? The old one used back in school is long gone or about done. Certainly need a cell phone. Now that is a necessity! IPhone with the extras to text friends, where does the money come from? Remember the money is gone. But need a cell phone.

Certainly a young person should have some money to buy a house. The nothing down mortgages didn’t work out so well. Put away that extra $200 a month with interest included will give a young person a sum of $30,000 for a small down payment on a house after ten years of saving! But the money is gone. Save money? How will they save when there isn’t enough money to get by day to day, month to month?

Shouldn’t a young person get married and have children? No money for dating, so it’s a little complicated. How much would be needed for a marriage? Maybe their parents will pay for a wedding but there is expense for sure. Don’t you think so? Children cost money. They eat, need healthcare, clothing, and that’s just the beginning of shelling out money for children. More than one child, a few, multiply the expense. Where will all the money come from?

Now we can see why two parents working is the new normal. Years past a father worked and the mother raised the children. Now, dump off the kids to a government run child care or school. Pay for day care or school? Are you serious? Pay for more healthcare for a family insurance plan? There are a lot of bills for children before buying any luxury like music lessons, movies, candy, a toy, or going on a family vacation. Did we mention a vacation? No money for that. No money for much of anything.

No wonder so many young people are still living with the parents and no thought of raising a family. The American dream of family with a home with a picket fence, dog, and all the things people have come to expect are out of the reach of many young people. That’s if they can even find a job in Obama nation. Unemployment is high and wages are going down if you count inflation. Some say that the weak economy may mean a lost decade of growth. What we will have in America is a lost families, a lost generation.

Posted by admin as Economics, General, politics at 8:14 PM UTC

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This radical nominee is a leftist kook so naturally Obama nominated her. Leftist Kagan opposed US military recruiting which is such a radical position that she was slapped down by 8 Supreme Court Judges including liberals. Her radical hate for the US military while at war is a disgrace, particularly that leftist Kagan is a New Yorker. Did she forget what happened to the World Trade Center and 3,000 Americans murdered on 9-11-01? She simply doesn’t care about defending America, she takes radical leftist positions to oppose our military.

Leftist Kagan knows what side she is on and Obama does also. Obama knows Kagan well from Chicago. Obama wants radicals on the court to rubber stamp is radical policies and Kagan is a leftist that will oppose the greatness of America and impose the socialist agenda. Leftist picks for the US Supreme Courts like Kagan need to be strongly opposed and any Senator that votes to approve this radical is taking sides against America and they need to be defeated in the next election.

Posted by admin as Economics, General, politics, War on Terrorists at 6:02 PM UTC

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Certain symbols represent an Administration. The oil spill in the gulf is one such symbol, of the Obama Administration in chaos and ineffective leadership. High oil prices and the weak economy continue to plague the ineffective Obama Presidency and while Obama refuses to take effective measures, oil spills in the Gulf threatening the environment, wild life, beaches and fishing.

It took Obama eight days to start to do anything after the explosion on the oil rig killed 11 people and started spilling oil in the Gulf waters. The weak and very late response and lack of leadership by Obama proves that he and his Administration can’t act when needed or disaster occurs. Obama and his cohorts are in constant campaign mode and politicize issue after issue while not doing what is needed to actually do what Presidents are suppose to do.

Obama needs speeches written for him by staff that researches what words will play well or are good propaganda and Obama reads those speeches off a teleprompter. Without his teleprompter Obama can’t put a sentence or two together from his own thoughts because his thoughts are offensive to Americans. While the oil was pouring into the Gulf waters Obama was doing speeches attacking the people of Arizona and fueling the flames of is his racist agenda. Obama also continued his bashing of Wall Street and trying to divide Americans on race and envy. People are out of work and the unemployment rate remains high but instead of smart policies to improve things, Obama wants people to blame business so to divert peoples attention from his lack of leadership on jobs and the economy. Obama wouldn’t divert his propaganda campaign for a few days to do his job when the oil spill disaster happened.

This wasn’t the way it was suppose to be. The Obama ‘being’ was suppose to be mythical and God like where nothing bad happens because he proclaims everything was past Administrations fault, Bush’s fault, or the white founding fathers fault because they were racist to him. The fact that issues require Obama to actual be a President where he has to act is a burden or nuisance to him. While Obama tries to stay above problems and blames others, Obama looks incompetent and out of touch. The Obama Administration is a disaster and all Obama does is spill his bile propaganda on America, dividing and bashing others. The Obama Administration is destructive like an oil spill.

Posted by admin as Economics, General, politics at 6:23 PM UTC

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