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Thursday, July 9, 2009

Warren Buffet: Not nearly as smart as you think!

Come on, Warren! A second stimulus might be needed???

What do they call him, "The Oracle of Omaha"?? Can he not tell that the first stimulus is not working?

An illustrious businessman like Buffet should be able to see the clear inefficiencies in the way the stimulus is being implemented. What's better:

a) allow people and businesses to keep their money and spend, invest or save as they see fit.

or...

b) take the money from people and businesses, send it to Washington, then send it back to Denver, and then doll it out from Denver (or whatever state capitol pleases you) to the hinterlands.

Why isn't this obvious to the casual observer? More to the point, why isn't it obvious to an alleged genius like Buffet, or the brainiacs in Washington? Actually, Buffet himself implies the correct answer. The first stimulus was half stimulant and half "candy." He knows it, yet seems to think that even more of the same is the answer to the problem... how can an evidently smart man believe that the government will get it right the second time??

And, let me add this: we've spent most of the past several decades having it drilled into us that education is key in our burgeoning "information society." A highly educated workforce is the key to competing on a global scale, right?

Then, why in the world would anyone think that "shovel-ready projects" are the way to stimulate us out of a deep recession? Our workforce is well beyond shovels and manual labor. Obama is living in the 1930s!!

Our economy is so diverse today, there is no way a series of government projects can stimulate widespread growth. It must be achieved by broadbased tax cuts. Must!

Tuesday, July 7, 2009

Screw you, Churchill!!!

Ha! Ha! HA!!!

The University of Colorado, my alma mater, is saved. There is justice in the world, after all...

Friday, July 3, 2009

Well, it's about damned time, Colin!!

He was a great hero in war, but when he stuck his toe in the political waters... well, let's just say it's been hesitant.

Who really knows where Colin Powell stands on anything? All we really know is that he endorsed Barack Obama. Strike One!

But maybe, just maybe, Mr. Powell is coming back to the fold. Seriously, we do not know where the man stands ideologically. These days, in political discourse, "ideology" seems to be a bad word, but it is the most important thing you need to know when pulling the lever for any given candidate. Yes, an African-American Republican is a big, big deal... but, let's face it, it's the content of the character that matters!! That's what Dr. King was trying to tell us, right?

Where do you stand, Mr. Powell? Is this a hint that you might actually be a conservative? Welcome back to the good side!!

Corrupt to the Core

We always knew the Washington Post was in bed with the Democrats. This is just the latest proof.

The story deserves to be trumpeted far and wide. It never dawned on the leadership of the Post that there might be some taint of conflict of interest here... until they got busted. And, as PowerLine points out, the whistle blower was one of the invited lobbyists.

But, hasn't the Washington Post proven itself to be nothing but another lobbyist? The Washington Post responded to the original report in the Politico as follows:
We do believe there is an opportunity to have a conferences and events business, and that The Post should be leading these conversations in Washington, big or small, while maintaining journalistic integrity. The newsroom will participate where appropriate.
But, I have to ask, should the Post be "leading these conversations?" Shouldn't they be reporting on such conversations? When is it ever appropriate for the newsroom to "participate?" The newsroom shouldn't participate, it should report. They're to tell us the news, not create or stage the news.

The Obama administration has denied any involvement, as they had damned well better. A suspicious mind, though, might think that there's a mid-level staffer somewhere in the White House who was feeding names and numbers to the Post's salon organizers. Can we count on the Post to investigate and report this newsworthy bit?

Harrumph, I say! Is it any wonder that the Post, and the media at large, backed Obama? Will the press ever cease to be surprised at the disdain that the rest of us feel toward them?

Thursday, July 2, 2009

Are the "green shoots" really weeds?

I kinda think so, but I'm biased. This article is good, though, and I agree with just about all of it.

Here's M. Cianfracca's three step plan to recovery:
  • Commit to a zero interest rate policy for at least 2-3 years.
  • Enact a 100% tax holiday on business income and capital gains. That’s not a deferral, it’s a full abatement.
  • Commit credibly to eliminate new regulations on business.
I'm with it, especially on the 2nd and 3rd points. I'm not quite sold on the zero interest rate part, mainly because the Greenspan cheap money policy is part of what got us into this mess. But, generally, a great deal of uncertainty in the marketplace is due to the fact that businesses and investors really don't know what is going to happen with interest rates over the coming years. Some level of consistency there is definitely called for.

I always tell people that if I was King, businesses would never pay taxes. Repeat after me: "businesses don't pay taxes, their customers do!"

And finally, much of the trepidation companies big and small are feeling about hiring is directly related to the fact that they have no idea what the new Obamacare plan will look like. How much will it cost your average small business? How much will taxes go up to pay for the plan? Is the health care insurance deductibility going away?

You can hardly blame business for being hesitant to hire in this uncertain environment.

Wednesday, July 1, 2009

Broken Records R Us: Stimulus Not Very Stimulating

More jobs lost; fewer mortgages written; National debt explodes.

Yes, I repeat myself. In this day and age, do people even get the "broken record" metaphor?

But seriously, this country needs to come to the realization that this stimulus ain't happenin'. We are witness to the 1930s redux. The American Left is as enamoured of FDR as the Right is of Reagan, and so today's Left is making all the same mistakes that FDR made. The scary part is that we've barely broken the seal on the Great Recession, but FDR's Great Depression ran nearly an entire decade. It's clear from history that FDR's actions during the 1930s did little to cure the Depression, and in many cases, made things worse.

And, yet, Obama is following the same path. And paving it!!