Grant Williams, chief investment strategist for Mauldin Economics, offers this piece about the Fed’s money printing. The Fed has officially tied continual money printing to the unemployment rate on the presumption that the two are things are related. That is, they believe that if you make the money appear inexpensive enough people will borrow it and deploy it productively in the economy. From the Fed | Read More »
Mr. Obama is asking each of us how a $2,000 increase in taxes would impact us. Such an increase would occur for an average middle class family if the current tax structure reverts to pre-2004 law on January 1, 2013 without new changes agreed to by Congress and Mr. Obama. Here is my offering. Dear Mr. Obama, To date you have ignored our unsustainable entitlement | Read More »
UPDATE March 11, 2013 – Read Bjorn Lomborg’s take on these issues. I am all for the private sector investing in new car technology. The realities of taxpayer funding of electric cars, however, demonstrate ignorant and incompetent leadership. It is one thing to have a realistic vision of the future and another to simply waste billions of our money on pipe dreams. The circumstances surrounding | Read More »
OK, the empty chair has been re-elected and we still have… $16,000,000,000,000 in debt. In excess of $1,000,000,000,000 in new borrowing each year to finance the deficit, adding to the debt. Over 20,000,000 Americans unemployed or underemployed. Entitlement liabilities approaching bankruptcy. A President who has intentionally done nothing about the above and has never articulated any meaningful plan to do anything, except borrow more money. | Read More »
Viewing Clint Eastwood’s RNC speech with a couple of weeks to reflect confirms his common sense observations as a citizen. The chair is empty. The August employment report from the US Department of Labor showed more of the same lack of response we have seen for the past several years with the number of “unemployed persons” at 12.5 million, the number of persons “employed part | Read More »
David Skeel addresses a critical aspect of power exercised in Washington in the August 21, 2012 Wall Street Journal. The opinion piece and related user comments deserve broad readership. The march toward centralized power in Washington started 100 years ago with the passage of the 16th and 17th amendments to the Constitution. Mr. Obama came to power with the stated purpose to “fundamentally transform” America. | Read More »
The 2012 political campaigns for President of the United States are both painfully vacuous. We have Mr. Obama bribing people to vote for him while his minions diss Mr. Romney. (Gee, what happened to “hope and change,” and “the first post-partisan President?” Mr. Obama plays the American voter for a chump.) Mr. Romney, for his part, talks in generalities I presume designed to mollify a | Read More »
On May 24, 2012 Don Gogel, CEO of Clayton, Dubilier & Rice discussed private equity in the presidential race with Charlie Rose. Mr. Gogel was a prominent supporter of Barack Obama in 2008. This interview provides a clear and objective critique of Mr. Obama as President of the United States and of his current political campaign and tactics. (It also shows why Charlie Rose likes | Read More »
Obfuscation, bribes, distraction. Now our Divider In Chief is running for re-election as a supporter of same sex marriage. Hello! The United States of America is $17,000,000,000,000 in debt and is adding to that total at the rate of $1,000,000,000,000 per year. Unemployed Americans looking for work total over 12,000,000 of which over 5,000,000 have been unemployed for more than 27 weeks. When you add | Read More »
My wandering and wondering leads me to dead ends, places where political power is exercised for its own sake, unsupported by reality or moral purpose. We know Mr. Obama’s re-election themes. Divide us by race. Divide us by gender. Divide us by how much debt we owe. Divide us by income. Divide us by our level of dependence. Demonstrate empathy for those who have something | Read More »
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