I was speaking with a co-worker the other day as she explained her issues with her new mortgage lender. It seems that her previous lender sold her loan, and now it has taken several months and multiple phone calls to get her payment plan set back up the way she wanted it before. It occurred to me awhile later that her frustration explains an awful | Read More »
My very first “Intemperate Thoughts” post came just after an Independence Day holiday, so it seems appropriate to have another during this holiday. For those unfamiliar, this is a list of random, often cynical and (hopefully) humorous thoughts that I’ve been collecting for the past few months. They’re insensitive and meant to irk you. And if you’re really offended by them, then I’m really, really | Read More »
Democrats are planning to push “Job Creation” this election season. Yeah, we’ve heard that one before. Right before the massive, do-nothing stimulus package was passed. The same stimulus package that now has to be paid for–with job-killing tax hikes. Yet Democrats are poised to make this election about jobs: A retooled jobs initiative, which Majority Leader Steny H. Hoyer (Md.) on Tuesday dubbed the “Make | Read More »
Venture Capital firms raised less money in the first quarter of 2010 than in any period since 1993, reports the Kansas City Business Journal. The slow growth in the economy combined with a less favorable overall market contributed to reducing investment in new firms, even as the Dow Jones Industrial Average breached the 11,000-mark today. The National Venture Capital Association and Thomson Reuters released a | Read More »
It’s hardly surprising that the Hartford Business Journal is happy about the new Health Care Takeover legislation: Hartford has long been considered the Insurance Capital of the World, and the insurance companies are thrilled with the forced enrollment of 32 million Americans into their health insurance plans. With sweeping federal health care reform now on the books, business owners are scrambling to make sense of | Read More »
Alright, America: You bought it hook, line and sinker. You voted for Obama and the Democrats in 2008, and now you have the Democrat’s Health Care Takeover legislation passed into law in March, 2010. President Obama says he’ll sign it tomorrow. So now what are you giving up in exchange? It’s a very simple economic concept here: Opportunity Cost. An opportunity cost is the next | Read More »
Can we just admit that the Stimulus was an $800 billion mistake that did absolutely nothing to help the economy or stimulate jobs? Can we admit that Keynesian economics are, at best, a scalpel being wielded as though a they were a machete? Can we admit that no centralized government planning will ever lead to greater economic prosperity? Because if you really can’t admit that, you really | Read More »
In yet another stunning economic folly, the Obama Administration has chosen to “claw back” the salaries of the top 25 executives at seven firms that received TARP funds last fall. In addition, the Treasury Department’s Kenneth Feinberg announced he would force American Insurance Group to restructure and reduce the $198 million contractual compensation packages at its financial products division. In contrast to previous years, an | Read More »
In an interview with CNS News at the premier of his new film, Capitalism: A Love Story, Michael Moore was quoted making the following statement: CNSNews.com then asked Moore: “Critics would say he’s [Moore] been very successful under a capitalist system. How would you justify making a movie where you paint capitalism as evil?” Moore said: “Well, capitalism did nothing for me, starting with my | Read More »
The National Research Council and Institute of Medicine put out a report about fast food and minority neighborhoods, so of course I took all that astroturf money I’ve been earning and spent $32.40 to read it. Or not. I did, however, get to see this CNS News article about it. “One of things that has been shown in studies all across the country is that | Read More »
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