Posts Tagged ‘politicians’
I can’t believe that only 23% of the people polled in a CNN poll thought Vice President Dick(head) Cheney is the worst VP in the history of America. Either these people have a strong recollection of Aaron Burr and Spiro Agnew, or they haven’t paid much attention to distortion of our constitution by the worst Vice President in history. Certainly, Agnew was a swindler, but he has nothing on Cheney. Dick easily ranks up there with Burr.
I would be interested in knowing who these people really think is the worst VP ever.
My favorite quote from Dick:
“I’m very comfortable with where we are and what we achieved substantively. And frankly, I would not want to be one of those guys who spends all his time reading the polls. I think people like that shouldn’t serve in these jobs.”
Of course he feels very comfortable. After having pulled off the largest raping of the American public, I’m sure he feels as comfortable as OJ Simpson with a glove that doesn’t fit on his hand.
It’s going to be 6-9 months before things start moving into recovery, and they are going to get much worse over the next 3 months. And that is a best case scenario. Why is this recession going to be so long and so severe? Simple, we denied it was happening for almost an entire year!
Remember, according to our government our economy was fundamentally strong just 3 months ago. That wasn’t the case then. That wasn’t even the case a year ago.
Recessions are fairly simple to recover from if they are dealt with responsibly. Ignoring it for 12 months just dug us a deeper hole. It would be like ignoring a broken leg for 12 months. Your leg would take longer to heal and would probably heal incorrectly (i.e. via $700 billion government bailout = $15 billion automobile industry bailout).
Here’s an idea for the government bailout program that the vast majority of Americans don’t support. Give us an opt out clause on our taxes for the next 10 years.
Now, I’m not talking about opting out of our taxes. Those of us who don’t support the bailout will still have to pay our taxes as usual. However, we can opt out of our tax dollars being used to fund this ridiculous scam.
If you limit the government’s availability of funds, they can’t be as spendthrift as they have been. If they want to come up with $700 billion to spend on some useless bailout, they will need to get it from some other source than the American taxpayer.
Years ago, this would not have been possible. However, with technology today, this is entirely possible. In fact, we could give taxpayers the ability to opt out of any irresponsible government spending. It would really make it simple for the government to determine how much they can waste on pointless bailouts like the automobile industry bailout. If 60% of Americans don’t support the automobile bailout then they will only have access to 40% of the taxpayer funds.
This would make budgeting for the government much easier! Taxpayers don’t support something, Congress can’t just go spend the money whenever and wherever they want. I suspect that we could balance the budget within 4-5 years and keep it balanced indefinitely with a bailout opt out clause. In fact, I suspect the government would end up with considerable surpluses as government waste would now have a true checks and balance system in place. The total tax dollars collected would be the same, but the ability for Congress to spend would drop considerably.
Now, some might argue that this would create serious problems with because the funding for the bailout is something that is “necessary” to avoid a greater economic downturn or because it is something the public doesn’t understand the importance of. I have two words December 2007.
I love WordPress! I particularly love getting picked up as a hawt post and watching the discussion take place. The debate. Everyone has two cents, and despite the $700 billion bailout of the banking industry, those two cents are worth something. I might not agree with certain people, but I’m glad to have this virtual conversation going on about these important issues for the state of California.
Speaking of democracy… Proposition 11 has passed, paving the way for California to be a state that implements legitimate voting districts that will hold politicians accountable to the people they truly represent!
Yesterday, Aaron Burr… Err, I mean Dick(head) Cheney endorsed John McCain for President. This is a very unfortunate endorsement for John McCain to receive from the worst Vice President since Aaron Burr.
Proposition 11: Creates 14-member redistricting commission responsible for drawing new district lines for State Senate, Assembly, and Board of Equalization districts. Requires State Auditor to randomly select commission members from voter applicantpool to create a commission with five members from each of the two largest political parties, and four members unaffiliated with either political party. Requires nine votes to approve final district maps. Establishes standards for drawing new lines, including respecting the geographic integrity of neighborhoods and encouraging geographic compactness. Permits State Legislature to draw lines for congressional districts subject to these standards.
About time!!! Redistricting has taken place in California to ensure that incumbents stay in office. It is the most absurd garbage to take place in government and erodes the value of democracy. It is also part of why we are in the mess we are in right now. Our Congress is failing us because we’ve allowed them to remap themselves to keep idiots in office. This will help solve that problem.
I’m just saying…
Sure, he wants to clean up Wall Street, but the fundamentals of the economy are strong? Really?
That’s like saying the fundamentals of your small business is doing just fine right after your QuickBooks database got corrupt and you don’t have a backup since 2004.
Often cited as having a better grip on economic issues, Barrack Obama surprisingly proposed a $50 million subsidy for big oil on Monday. Where have you spent your tax rebate check? My guess is that you’ve spent it (will spend it) at the gas pump. Guess who is making the money on higher gas prices? It isn’t your local (independently owned and operated) gas station. Obama tears into McCain for offering up a gas tax holiday (yes, a stupid idea), but his proposal to expand the tax refunds is no different: a subsidy for big oil.
How about we get politicians offering up real economic solutions. Solutions that are going to create more jobs rather than get us to spend more money on gas and useless crap from Walmart. How about some financial incentives for anyone who wants to solar panel their house! How about some tax credits for small businesses and entrepreneurs who are the heart of the American economy! What about spending that $50 million on helping people start or grow their businesses! Give me some real fiscal stimulus, Obama, not some watered-down version of McCain’s gas tax holiday.
I have my fair share of critical remarks for economists in general. I’ve mentioned before that my econ professor a few years ago gave me a B on a paper where I theorized that constantly increasing energy prices would leader to inflation that could not be controlled by the Federal Reserve. He, like many economists, is misguided. That’s part of the reason I disliked my economics degree program. It was mostly a bunch of bologna.
However, there is one other segment of the public policy industry that is even more… well, they are just idiots when it comes to economics. This group is known as politicians, particularly presidential candidates. In an article today, Reuters reported that McCain and Clinton both support a “gasoline tax holiday“. The idea would be to suspend the federal tax on gasoline over the summer.
Folks, it doesn’t get much more idiotic than this! This would drive the demand of the gasoline up, while nothing would happen to the supply. The net result is a continued rise in gas prices, putting more money into the pockets of Exxon and friends (to give them even greater profits). Then gas prices would shoot up almost 20 cents instantly after Summer.
Obama’s points should have just shot up at least 10-20% since he didn’t support this moronic policy!