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Economy

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economy

Tea Party Audio

Sorry for the delay in posting this. One of the odd things I am finding about being out of work is its really difficult to focus on 1 project and there is no shortages of projects.

Here is the tea party audio courtesy of WGY.

I am Four years old, have no job and already am $160,000 in debt.

I was among 2000 folks who gathered along the shores of the Hudson river yesterday for the 2008 Tea Party. Apparently 2000 was a fairly small one, some of the shots of Michigan and Tennessee look like we could have snuck in en masse in the back and not be noticed.

Tax Day Tea Parties

Thousands of American's across the country are preparing to participate in next week's Tax Day Tea Parties.  So far there are about 450 schedule, and more than likely there is one near you.  If your tired of the government representing special interests rather than the interests of their constituents, or tired of the corporate bailouts and fed secrets, plan on attending next week.

Wealth Redistribution and You.

My son is at that wonderful age where taxes have entered his life. He and his young family have to file their first joint 1040. I offered to give them a hand and was shocked at the results.

Daily Show vs Jim Cramer

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I normally do not watch the Daily Show. While I find Jon Stewart entertaining his politics and mine do not match.

If Only the Banks Would Start Lending...

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QandO and others are reporting that Uncle' Ben's testimony to congress was basically "We are doomed unless the banks start lending again."

Never mind the fact that the 2010 budget is 22% of the GDP. Nor that our county is burdened with more debt then it cost to pay for WWII and all of the recovery afterwards. No, if only we could go back to those halcyon days of easy credit and spending beyond our means.

Bloomberg: U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs

(article here)

The hush hush part of the bailouts, what receives very little in the way of news coverage, is the fact that the government is stepping in and backing loans with little in the way of review or public discourse. As Bloomberg points out the grand total pledged thus far is 9.7 Trillion.

Have Yourself a Merry Little Bailout

Molon Labe! and Going Galt

I am Andrew Ryan and I'm here to ask you a question: Is a man not entitled to the sweat of his brow?

No, says the man in Washington, it belongs to the poor.

No, says the man in the Vatican, it belongs to God.

No, says the man in Moscow, it belongs to everyone.

This is the opening monolog to Bioshock, a libertarian dystopian video game. Sadly these days the man in Washington is saying it belongs to just about anyone we say it does - including large corporations, bankers and pretty much any company who has the ear of a congressman and a poor business model.

GM and Chrysler Turned Down on Bailout

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I am truly amazed but Paulson apparently is reserving the big money for his former banking and wall street buddies.  Its under reported in the current snowstorm of Obama’s coronation but Yahoo is reporting that the government will not be financing the merger.

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