Related Articles:
Washington Times
MSNBC
Huffington Post
Wikipedia
I don't know how much more bad publicity Mr. Obama can get but let me add some more. As Obama was talking about how Americans are hurting and how the average American is going through such hard times, he signed a book deal worth $500,000 dollars just days before he took office. As the President, he will be making $400,000 dollars for each of the four years he is in office. Not to mention he also made $1.2 million dollars last year on royalties from previous book sales. If the President is always going to be a wealthy person why are we paying them $400,000 dollars of taxpayer money? That may not be a lot in the overall scheme of things but every little bit counts; before you know it you widdle down a lot.
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Thursday, March 19, 2009
Wednesday, March 18, 2009
Obama Sounds Like McCain
Related Articles:
Fox News
US News
John McCain during his campaign: "...the fundamentals of our economy are strong."
Barack Obama about what McCain said (during campaign): "'Stubborn.' 'Out of touch.' 'Incapable of understanding' the economic crisis."
President Obama now: "'Of course the fundamentals are sound...' focus on '...all the fundamentally sound aspects of our economy...'"
Sound familiar? All of these Republicans and Democrats are on the same side and just don't want you to know it. Either that or President Obama is a lot less liberal than he comes across. Here is the campaign process in a nutshell: start out somewhat far to each side of the spectrum so as to gain the interest of the far outs, move closer to the center after you win your party nomination, once you get elected become the same as every other president. Nice pattern.
Fox News
US News
John McCain during his campaign: "...the fundamentals of our economy are strong."
Barack Obama about what McCain said (during campaign): "'Stubborn.' 'Out of touch.' 'Incapable of understanding' the economic crisis."
President Obama now: "'Of course the fundamentals are sound...' focus on '...all the fundamentally sound aspects of our economy...'"
Sound familiar? All of these Republicans and Democrats are on the same side and just don't want you to know it. Either that or President Obama is a lot less liberal than he comes across. Here is the campaign process in a nutshell: start out somewhat far to each side of the spectrum so as to gain the interest of the far outs, move closer to the center after you win your party nomination, once you get elected become the same as every other president. Nice pattern.
Tuesday, March 17, 2009
Let AIG Die Already (Part 3)
Related Articles:
CNN
Newsmax
Well, now that AIG handed out nice big bonuses to a bunch of people for doing a bad job, the people who gave them the bailout money in the first place are angry. If they never gave them the bailout we wouldn't be having this discussion of course. Now the government is going to overstep its boundaries even more in order to fix the mess they created between themselves and AIG.
Quote from CNN article:
"'My colleagues and I are sending a letter to [AIG CEO Edward] Liddy informing him that he can go right ahead and tell the employees that are scheduled to get bonuses that they should voluntarily return them,' Sen. Charles Schumer said on the Senate floor. 'Because if they don't, we plan to tax virtually all of [the money] ... so it is returned to its rightful owners, the taxpayers.'"
Oh really? You are going to return the money to the taxpayers? No, you are going to spend it "in our best interest", not give us the money.
I forgot to mention that Chris Dodd is the one who put the legislation into the stimulus bill that exempted the bonuses from taxation. Now he has to cover his butt because it went public. What idiots will keep voting for these corrupted fools?
Quote from Newsmax article:
"Dodd, chairman of the Senate Banking Committee, thundered on Monday: 'This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers.'"
We wouldn't have to worry about them enriching themselves with the taxpayers' money if the taxpayers' money wasn't being sent to them by people like you, Dodd!
So again I will say it: AIG should have gone under. Now that the government screwed everything up as usual, they want to tax over 90% of the money back from those specific people. That means that the government will now be writing a form of tax legislation that applies to people based on where they work as well as the money they made. That action opens up a bunch of other doors that involve selective taxing that we do not want to go into.
Don't think that I don't blame the AIG executives as well, but they would have gotten their punishment when the whole company went down and the government stepped in and stopped it. If there is anything the government should have done it would be to make sure the executives lose if the company goes bankrupt, not to step in and control everything. The only punishment Senators get is when people vote them out (and people vote for the same idiots); which doesn't do much since every single Senator makes well over $500,000 a year on their own anyways.
CNN
Newsmax
Well, now that AIG handed out nice big bonuses to a bunch of people for doing a bad job, the people who gave them the bailout money in the first place are angry. If they never gave them the bailout we wouldn't be having this discussion of course. Now the government is going to overstep its boundaries even more in order to fix the mess they created between themselves and AIG.
Quote from CNN article:
"'My colleagues and I are sending a letter to [AIG CEO Edward] Liddy informing him that he can go right ahead and tell the employees that are scheduled to get bonuses that they should voluntarily return them,' Sen. Charles Schumer said on the Senate floor. 'Because if they don't, we plan to tax virtually all of [the money] ... so it is returned to its rightful owners, the taxpayers.'"
Oh really? You are going to return the money to the taxpayers? No, you are going to spend it "in our best interest", not give us the money.
I forgot to mention that Chris Dodd is the one who put the legislation into the stimulus bill that exempted the bonuses from taxation. Now he has to cover his butt because it went public. What idiots will keep voting for these corrupted fools?
Quote from Newsmax article:
"Dodd, chairman of the Senate Banking Committee, thundered on Monday: 'This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers.'"
We wouldn't have to worry about them enriching themselves with the taxpayers' money if the taxpayers' money wasn't being sent to them by people like you, Dodd!
So again I will say it: AIG should have gone under. Now that the government screwed everything up as usual, they want to tax over 90% of the money back from those specific people. That means that the government will now be writing a form of tax legislation that applies to people based on where they work as well as the money they made. That action opens up a bunch of other doors that involve selective taxing that we do not want to go into.
Don't think that I don't blame the AIG executives as well, but they would have gotten their punishment when the whole company went down and the government stepped in and stopped it. If there is anything the government should have done it would be to make sure the executives lose if the company goes bankrupt, not to step in and control everything. The only punishment Senators get is when people vote them out (and people vote for the same idiots); which doesn't do much since every single Senator makes well over $500,000 a year on their own anyways.
Monday, March 16, 2009
Let AIG Die Already (Part 2)
Related Articles:
CNN
A little while back I wrote about how the government should just let AIG go under, and for a whole lot of reasons. Another reason has just been added to that list now that AIG is giving bonuses to its executives and the President is not happy about it; and rightly so. The government needs to stop helping companies like this and let them go under. Let the company lose everything it has and then charge the executives with whatever financial crimes you can. The money of whoever committed a financial crime can be distributed to the employees of the company that went down.
Americans need a lesson and they need it badly. Nothing can be taken for granted; we take too many things for granted. AIG needs to go under to teach a lesson to executives and people alike. If you are an executive, if you make dumb decisions you will pay the price. This is why you get paid a lot in the first place; your job is high risk. If you do it well you keep the money but if it goes under you need to lose too. To everyone else, hard times and suffering is a part of life and it is a part that a lot of Americans have never experienced. It has turned us into babied brats and we need to experience hard times again. There hasn't been a really hard time in this nation since the Vietnam War and even that doesn't compare to the Depression. The Depression taught people how to be fiscally responsible because there wasn't just money lying around to blow on whatever.
The bottom line, we need to make an example of AIG and let it die.
CNN
A little while back I wrote about how the government should just let AIG go under, and for a whole lot of reasons. Another reason has just been added to that list now that AIG is giving bonuses to its executives and the President is not happy about it; and rightly so. The government needs to stop helping companies like this and let them go under. Let the company lose everything it has and then charge the executives with whatever financial crimes you can. The money of whoever committed a financial crime can be distributed to the employees of the company that went down.
Americans need a lesson and they need it badly. Nothing can be taken for granted; we take too many things for granted. AIG needs to go under to teach a lesson to executives and people alike. If you are an executive, if you make dumb decisions you will pay the price. This is why you get paid a lot in the first place; your job is high risk. If you do it well you keep the money but if it goes under you need to lose too. To everyone else, hard times and suffering is a part of life and it is a part that a lot of Americans have never experienced. It has turned us into babied brats and we need to experience hard times again. There hasn't been a really hard time in this nation since the Vietnam War and even that doesn't compare to the Depression. The Depression taught people how to be fiscally responsible because there wasn't just money lying around to blow on whatever.
The bottom line, we need to make an example of AIG and let it die.
Wednesday, March 11, 2009
Even Democrats Getting Impatient
Related Articles:
CNN
It appears even some people in the President's own party are becoming concerned over the so-called stimulus package. Yes, that would be the one they voted for; I guess they didn't think that far ahead. The odd thing is, in the first paragraph of that article, it says that some Democrats are demanding greater transparency with the spending of the package. I find this interesting considering the whole thing was supposed to be entirely transparent in the first place and this is the main reason I even posted this.
Recovery
During President Obama's big speech he said that every bit of money spent would be shown to the public on the website I just provided. There is nothing in detail on that site. Nothing. I want to see "transparency" Mr. President. I want to see where every dime of that money is going and I don't want it to be vague. For instance, "this amount of money is going toward road construction" is very, very vague. That tells us nothing important. For all anyone knows you could be paying off CEO's of construction companies and that is it. I wouldn't put it past anyone to do things like this and that is why we need "transparency". We need to show the public exactly how much money is being given to whom and for what. If someone is working for the government, contractor or not, that information should be public.
CNN
It appears even some people in the President's own party are becoming concerned over the so-called stimulus package. Yes, that would be the one they voted for; I guess they didn't think that far ahead. The odd thing is, in the first paragraph of that article, it says that some Democrats are demanding greater transparency with the spending of the package. I find this interesting considering the whole thing was supposed to be entirely transparent in the first place and this is the main reason I even posted this.
Recovery
During President Obama's big speech he said that every bit of money spent would be shown to the public on the website I just provided. There is nothing in detail on that site. Nothing. I want to see "transparency" Mr. President. I want to see where every dime of that money is going and I don't want it to be vague. For instance, "this amount of money is going toward road construction" is very, very vague. That tells us nothing important. For all anyone knows you could be paying off CEO's of construction companies and that is it. I wouldn't put it past anyone to do things like this and that is why we need "transparency". We need to show the public exactly how much money is being given to whom and for what. If someone is working for the government, contractor or not, that information should be public.
Saturday, March 7, 2009
Barkley's Sentence, Why Is This News?
Related Articles:
CNN
Charles Barkley has received a whopping three day prison sentence for a DUI. This article is in with the rest of the news on CNN and is currently at the top due to the time it was posted.
This is NOT news. Thousands of people get DUI's every day and no one cares to make the punishments harsher to prevent it and yet Charles Barkley's three day prison sentence makes it on the main news on CNN and probably other networks although I didn't look hard.
This is what is wrong with our culture. People actually care what athletes do in their free time or what happens in their private life. This is completely different than watching the sports. People watch sports because they like competition and shows of skill and that is completely natural since we got here through competition between species. It is an extension of our survival instinct. In America in current times, during an economic crisis, we still find enough time to worry about what Charles Barkley is doing with his life or to find out how much money John Daly has thrown away when we could be doing something productive instead of sitting and waiting for the government to tax the money from the people who ARE doing something with their time and giving it to us.
How pathetically sad is this.
CNN
Charles Barkley has received a whopping three day prison sentence for a DUI. This article is in with the rest of the news on CNN and is currently at the top due to the time it was posted.
This is NOT news. Thousands of people get DUI's every day and no one cares to make the punishments harsher to prevent it and yet Charles Barkley's three day prison sentence makes it on the main news on CNN and probably other networks although I didn't look hard.
This is what is wrong with our culture. People actually care what athletes do in their free time or what happens in their private life. This is completely different than watching the sports. People watch sports because they like competition and shows of skill and that is completely natural since we got here through competition between species. It is an extension of our survival instinct. In America in current times, during an economic crisis, we still find enough time to worry about what Charles Barkley is doing with his life or to find out how much money John Daly has thrown away when we could be doing something productive instead of sitting and waiting for the government to tax the money from the people who ARE doing something with their time and giving it to us.
How pathetically sad is this.
Friday, March 6, 2009
The Mistaken Right: To Work Where You Want
Related Articles:
CNN
I wonder at what point in our country's history did people start believing that they had a right to work in whatever industry they wanted or wherever they wanted? You don't. You have the right to pursue happiness, and to have freedom of speech, press, and religion.
This article's writer acts like it is surprising that people may have to change industries to find a job. If your job is out of demand, OF COURSE you have to go learn something new or try something else. If your skills are not valuable, you had better go develop some new skills and stop thinking it is your right to have a job. It isn't. People that sit around sulking about how they can't find a job and haven't started learning something new or trying something else are a sad bunch and I have no sympathy for them.
Your right, relating to jobs, is to pursue happiness. You can go about that however you wish but if you don't succeed it is YOUR fault. Societies and economies are always evolving and part of being a successful person in society is being able to adapt to changes and not sitting around waiting and collecting money from someone else or the government; and by successful I do not imply wealth. Maybe if the government didn't help people they would be quicker about doing something for themselves.
CNN
I wonder at what point in our country's history did people start believing that they had a right to work in whatever industry they wanted or wherever they wanted? You don't. You have the right to pursue happiness, and to have freedom of speech, press, and religion.
This article's writer acts like it is surprising that people may have to change industries to find a job. If your job is out of demand, OF COURSE you have to go learn something new or try something else. If your skills are not valuable, you had better go develop some new skills and stop thinking it is your right to have a job. It isn't. People that sit around sulking about how they can't find a job and haven't started learning something new or trying something else are a sad bunch and I have no sympathy for them.
Your right, relating to jobs, is to pursue happiness. You can go about that however you wish but if you don't succeed it is YOUR fault. Societies and economies are always evolving and part of being a successful person in society is being able to adapt to changes and not sitting around waiting and collecting money from someone else or the government; and by successful I do not imply wealth. Maybe if the government didn't help people they would be quicker about doing something for themselves.
Thursday, March 5, 2009
Buying Citi Is A Failure
Related Articles:
Fox Business
The most knowledgeable people about business, investors, and most smart economists are big investors, are staying away from Citigroup. Their stock has now fallen below $1 per share. I guess that shows that the people who really matter for the economy, businesses and investors, think of President Obama's failure of a plan to buy the banks. It doesn't matter what you want to call it, that is exactly what happened and by definition we now live in a facsist state because the government owns part of the banking system.
At this point the politicians in general are just playing people off of each other. The Republicans, like Rush Limbaugh, are sitting here hoping that the President fails so that they can get their power back and the Democrats are acting like they have a clue about something when they don't. As long as it looks like he is doing something, most of America won't investigate because our culture is a sad story with backwards values. You can walk around the streets of this nation and find a great number of people who know nothing about how their government works or how businesses work and they just want theirs. As long as they keep being told they will get health care from the government and that building up all of the roads will help them, they will be happy. Ignorance is bliss.
Fox Business
The most knowledgeable people about business, investors, and most smart economists are big investors, are staying away from Citigroup. Their stock has now fallen below $1 per share. I guess that shows that the people who really matter for the economy, businesses and investors, think of President Obama's failure of a plan to buy the banks. It doesn't matter what you want to call it, that is exactly what happened and by definition we now live in a facsist state because the government owns part of the banking system.
At this point the politicians in general are just playing people off of each other. The Republicans, like Rush Limbaugh, are sitting here hoping that the President fails so that they can get their power back and the Democrats are acting like they have a clue about something when they don't. As long as it looks like he is doing something, most of America won't investigate because our culture is a sad story with backwards values. You can walk around the streets of this nation and find a great number of people who know nothing about how their government works or how businesses work and they just want theirs. As long as they keep being told they will get health care from the government and that building up all of the roads will help them, they will be happy. Ignorance is bliss.
Monday, March 2, 2009
Let AIG Die Already
Related Articles:
CNN Money
CBS News
MSNBC
The US government gave AIG a nice big bailout and they went and spent some of the money on whatever vacation the executives felt like taking even though the company is a miserable failure at this point. After losing over $60 billion, they are getting another bailout.
In the world of capitalism if you do not have the freedom to fail you have nothing to work for. It is human nature and an extension of survival instinct to be lazy. The only way to force good work ethic is to have a penalty when something is done incorrectly. That penalty should AT LEAST be firing every executive that works for AIG before giving them bailout money. Their freedom to fail has been taken away by the government continually offering bailouts. Just let AIG do under already. Let everything go under if necessary. Sometimes a social or economic revolution is necessary to fix things.
CNN Money
CBS News
MSNBC
The US government gave AIG a nice big bailout and they went and spent some of the money on whatever vacation the executives felt like taking even though the company is a miserable failure at this point. After losing over $60 billion, they are getting another bailout.
In the world of capitalism if you do not have the freedom to fail you have nothing to work for. It is human nature and an extension of survival instinct to be lazy. The only way to force good work ethic is to have a penalty when something is done incorrectly. That penalty should AT LEAST be firing every executive that works for AIG before giving them bailout money. Their freedom to fail has been taken away by the government continually offering bailouts. Just let AIG do under already. Let everything go under if necessary. Sometimes a social or economic revolution is necessary to fix things.
Down Goes The Market
Related Articles:
CNN Money
Well so far I am not impressed with the package that was supposed to stimulate the economy because since it has been passed the stock market has dropped over 1000 points. So much for restoring consumer confidence. Apparently the people that matter right now, the ones that have money to invest and spend, do not trust this package.
CNN Money
Well so far I am not impressed with the package that was supposed to stimulate the economy because since it has been passed the stock market has dropped over 1000 points. So much for restoring consumer confidence. Apparently the people that matter right now, the ones that have money to invest and spend, do not trust this package.
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