blogging

Bring Back the Strong USD and Nobody Should Get “Tax Cuts”

The Federal Reserve and OBushma (the main difference between Bush and Obama is about half a trillion dollars in annual deficit spending) have taken us through ten years of US Dollar devaluation. It clearly doesn’t work. The manufacturing jobs are flowing back into the US. The economy isn’t producing massive tax surpluses that lead to the OBushma tax cuts.

There’s a real simple solution: impeach Bernanke from The Fed and take strong dollar monetary and fiscal policies. The policies over the last 10 years have not worked. There really is no need to even debate this.

All the bogus debates about tax cuts for the middle class vs low income vs millionaires is laughable. The tax brackets with or without the OBushma tax cuts screw the middle class the most. All one needs to do is take a look at the tax rates to see that the middle class didn’t really get much of a “break”. What really needs to happen with taxes is a complete overhaul of what is tax deductible (see my blog about making US Bonds 100% tax deductible).

Of course, I think everyone has forgotten about the Economists’ statement opposing the Bush tax cuts. Guess what? They were right! But who really wants to be the President with Steel cahones that tells everyone they have to pony up an additional 2% to the IRS next year!

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News, Politics, predictions, rants, Stuff that sucks, thoughts

Testing Obama, Kinda Like That Bush Guy

There’s a lot of crap that Biden has been getting for his comment about terrorists testing America if Obama is elected. Was he referring to the Cuban Missile Crisis? Or was he referring to the attacks of September 11?

Let’s put things in perspective here, my friends (as John McCain would say). Bush, a politician with next to zero experience, gets elected and America is attacked. Were they planning the attacks before Bush was elected? Hell if I know. Would they have attacked if Gore was in office? Who knows.

Having a noob President who also happens to be a cowboy in office certainly would give the terrorists an additional incentive to attack us. It has been well documented that the terrorists are interested in bankrupting America. This is precisely the direction that Cowboy Bush and Congress have been taking us.

However, I’m willing to bet that a McCain presidency is far more likely to result in a terrorist attack on America than an Obama presidency. Why? Because John McCain has shown that he is willing to fight a “war on terror” by invading another country that had nothing to do with the terrorist attacks of September 11. McCain is willing to turn America into a communist country (ala voting for the communist bailout of failing banks in America) and send our soldiers into harms way with misguided and fabricated military intelligence.

Just think about it for a minute. Where was his 30 years of experience when he was sounding the war on Iraq trumpet? Where was all his wisdom when he cast his votes in Congress that put us into the situation we are in now? A lot of good that experience did for us over the last 8 years, right?

blogging, Economics, News, Politics, rants, Stuff that sucks, thoughts

Bush Economy Logic

Anyone else notice something funny about Bush reasoning:

1. Just months ago, talk about how the economy is strong.
2. Witness the largest bank collapses in the history of the country
3. Tell America we need a $700 billion bailout

If Bush was so incredibly wrong about the economy several months back, why would we take his economic advice and push through an urgent $700 billion bailout?

Especially when he has taken no action in his administration to correct the issues. Like, perhaps firing the head of the SEC as John McCain suggested.

One more thing that is really giving me a good chuckle is everyone pointing fingers at Slick Willy for lowering the requirements for obtaining mortgages. That was over eight years ago. It doesn’t take more than a year (in any state in our entire union) for a bank to foreclose on a home. In most cases, it will be less than 6 months. If these people were so unworthy of being home owners, why were they able to own their homes for the last 7.5+ years?

I’ll give you a hint: It had something to do with the economy and an outhouse. According to RealtyTrac, foreclosures were up 121% over the 2nd quarter of last year and foreclosures are nearly double what they were for the 1st quarter of 2006.

This is about people losing their jobs and their businesses, not being unfit for a mortgage. While there are certainly examples of people unfit for a mortgage getting a home, the massive increase in foreclosures is not because people were unfit. It is because of failed economic policies and failed foreign policy that have sucked trillions of dollars out of the US economy.

One more thing for the W cronies that point the fingers at Slick W. How the hell can you blame people who spend more than they are making? Look at your own administration and the massive deficit this administration has been operating our entire country. The pot is truly calling the kettle black my two-faced friend!

Business, Economics, News, Politics, predictions, thoughts

How Detached From Reality Can Investors Be?

First, they really expected a Bush supported emergency bank bailout plan to just walk down the isles in the House. I’m sorry, but hasn’t the Bush administration been talking about the strength of the economy for the last several months? Years even? Given that they had their heads up their asses or were completely lying about the situation, why should be believe in any urgency about the bailout. Seeing as how they were completely wrong about the state of the economy for at least the last 18 months (the largest bank in the world – WAMU – doesn’t fail overnight folks), why are they suddenly right about the economy?

Then, this morning I read this article about a large slide in the manufacturing index. This should have been a no-brainer. If businesses can’t get money from their banks, they tap their other resource for capital: inventory. It’s a pretty simple business concept. Sell inventory and turn it into cash. Most businesses that sell products operate like this. Somehow, this is a foreign concept to the folks on Wall Street? Of course, in normal economic conditions businesses reinvest that revenue back into inventory. But if your bank is holding you by the gonads, you don’t buy more inventory. You keep the cash.

Good thing the fundamentals of our economy are strong.

Environment, Funny, humor

New Bush Environmental Plan

Today, the Bush Administration announced their new plan to help protect the environment. Since all three Presidential candidates are addressing growing environmental concerns, George W. Bush made the following announcement:

The Democratical candidates all have their environmentalistic policies that they believe are best for America and our planet. Unfortunately, these plans are highly flawed and don’t address the American workforce. This is why my administration is taking critical actions to exemplify my leadership on the the environment.

Effective immediately, we are going to slow down the economy considerably. See, with fewer people with jobs or employment situations, there will be a reductionation of driving, requiring fewer fossil fuel consumptions. This will also reduce the demand other goods and services that are bad for the environment, like flying airplanes.

Speaking of which. I’m going to go on vacation. But I won’t be traveling for this vacation. I’ll still be sitting in the White House, reading papers and staring at the wall.

When asked how this policy change was any different than his existing policy, Bush deferred to his Press Secretary who had no comment.

blogging, movies, Politics, rants, thoughts

Fahrenheit 2008

What do the Clintons and the Bushes have in common?

Besides having been the only two families to reside in the White House for the last 20 years, they have an additional quality that is unfolding in front of our eyes.

George W. Bush lost the 2000 popular vote, and it has been argued that he even lost the electoral vote if recounts in Florida were taken into account. There are thousands of articles, blogs, etc. about how the Bush family stole the election of 2000. Heck! There was even a movie about it.

It is amazing how history is prone to repeat itself when unchecked power is at play.

With Hillary Clinton standing on the verge of destroying our American political system, we should all wonder if Michael Moore with produce Fahrenheit 2008.