It seems the GDP growth wasn't quite so robust as originally touted down to 2.8% from 3.5%.As I scan around the media this is mostly advertised as just a tad lower than the original estimate.
Ummmm hello,we have a $14 trillion dollar economy so a .7% decrease is nearly a $100 billion dollar shift.That is the cavalier attitude with which Washington throws around our tax dollars,however.
Very similar I'm sure to the defense the WH will use with the climate change scandal.Isolate it to just a few fringe scientists with no real impact on the bigger picture.Certainly they won't just lay down now.More to come...
Tuesday, November 24, 2009
Friday, November 20, 2009
U.S. National Debt Clock : Real Time
Need a slap in the face wake-up call to get moving?This should do the trick!
U.S. National Debt Clock : Real Time
U.S. National Debt Clock : Real Time
Sunday, November 15, 2009
End of the planet rescheduled?
Did I misunderstand?Gordon Brown declared we only had 50 days to save the planet at the Copenhagen climate change conference next month.2009,2010,what's the difference?
http://af.reuters.com/article/worldNews/idAFTRE5AE0FP20091115
Who would thought that political timing is what is driving global warming as opposed to actual science?So it looks like the Bonn conference next summer will become the new deadline to save the planet.The U.S. takes the blame for gumming up the works.Obviously,the Obama agenda issues here at home are not going quite as planned.I hear the talk about trading $1 trillion in military hardware to write down some of our China debt.Perhaps the China angle is the real factor here as well because they have been the real issue in getting all the major players to agree on emmissions reductions levels.More to come...
http://af.reuters.com/article/worldNews/idAFTRE5AE0FP20091115
Who would thought that political timing is what is driving global warming as opposed to actual science?So it looks like the Bonn conference next summer will become the new deadline to save the planet.The U.S. takes the blame for gumming up the works.Obviously,the Obama agenda issues here at home are not going quite as planned.I hear the talk about trading $1 trillion in military hardware to write down some of our China debt.Perhaps the China angle is the real factor here as well because they have been the real issue in getting all the major players to agree on emmissions reductions levels.More to come...
Saturday, November 14, 2009
Michigan's lost decade
A very revealing chart,courtesy of the fine folks at Mackinac.org.,which shows the results of the Granholm era.Lots of grandious annoucements and job promises and awards,yet providing dismal results.More to come...
Friday, November 13, 2009
Derivatives market soaring again!
The global OTC (over the counter) derivatives market is up 10% in the last 6 months to a mind numbing $605 trillion dollars.Wow!That's a number that even the Obama wealth redistribution team would have a hard time spending.Thats's roughly $90,000 for every person on the planet just in this trading market.Of course,this is mostly funny money thanks to our fractional reserve banking friends at the B.I.S. (Bank for International Settlements which is the central bank for global central banks).
This includes some of our favorite players in the economic collapse of last year like credit default swaps and various other hedge funds.Is is any wonder where most of the mystery money the Fed has been lending out is going?The main players here are commercial banks,investment banks,hedge funds and GSE's (government sponsored enterprises i.e.-Freddie mac and Fannie Mae).
We don't know how much or to whom the money goes to when it's snuck out the back door of the Fed and I really don't see Bernanke coming clean.Barney Frank has already indicated he will water down the Ron Paul bill to audit the Fed.We'll hear tough talk from Chris Dodd and Barney Frank about moving oversight and regulatory authority away from the Fed and to a new government agency.Gee,anyone see a potential problem here?More to come...
This includes some of our favorite players in the economic collapse of last year like credit default swaps and various other hedge funds.Is is any wonder where most of the mystery money the Fed has been lending out is going?The main players here are commercial banks,investment banks,hedge funds and GSE's (government sponsored enterprises i.e.-Freddie mac and Fannie Mae).
We don't know how much or to whom the money goes to when it's snuck out the back door of the Fed and I really don't see Bernanke coming clean.Barney Frank has already indicated he will water down the Ron Paul bill to audit the Fed.We'll hear tough talk from Chris Dodd and Barney Frank about moving oversight and regulatory authority away from the Fed and to a new government agency.Gee,anyone see a potential problem here?More to come...
Thursday, November 12, 2009
Pay $$$ or pay with hardtime
Purchase healthcare insurance or face fines and/or imprisonment up to 5 years.This is the Obama/Pelosi view of fairness.Let's take a look.If I choose to not comply,I will be punished regardless of whether or not I ever require medical care and impose a burden on the rest of society.This is fair?
Obama is making the claim that each American families insurance premiums are increased an average of $1,000 annually due to the cost of covering care for uninsured Americans.He has since modified this to state that the $1,000 includes insurance premiums,taxes and other related costs.
He is using numbers provided by Families USA which is a lobbyist group.They state the number is actually $1,017 per family,although this is highly disputed.For the sake of argument,we'll go along with this.
I did a quick check of FBI statistics and found a study from 1992.Yes,it's almost 20 years old,so it's safe to assume these numbers are quite low.They found that the unreimbursed cost of a crime to victims was an average of $524.
So,don't buy healthcare insurance and you will be fined and potentially imprisoned regardless of whether or not you ever require care.However,commit a violent crime and based on 2004 estimates,you face approx. 5 years in state prison.Based on the sentencing,we can equate the crime of not purchasing healthcare insurance to that of a violent crime.And I'll bet if you locate updated numbers on crime costs,you would find that victims of crime also face a financial hit of roughly the same cost as the Families USA report.
The point being there is no legislation in place to reimburse victims of crimes financially so why is the healthcare issue such a travesty?Isn't it the actions of the criminal that the rest of society is paying for?Look at something as simple as the ice fishermen who require rescue each spring from the thin ice.They never should have been out there,yet they get rescued free of charge.
Society must pay to maintain these rescue crews.No doubt,you could come up with many comparable scenarios where everyone pays the cost of the negligence of the few,and nothing is being done about it.Yet,Pelosi and Obama want criminal treatment without knowing if you would ever impose a burden or not.Hypocrisy 101.More to come...
Obama is making the claim that each American families insurance premiums are increased an average of $1,000 annually due to the cost of covering care for uninsured Americans.He has since modified this to state that the $1,000 includes insurance premiums,taxes and other related costs.
He is using numbers provided by Families USA which is a lobbyist group.They state the number is actually $1,017 per family,although this is highly disputed.For the sake of argument,we'll go along with this.
I did a quick check of FBI statistics and found a study from 1992.Yes,it's almost 20 years old,so it's safe to assume these numbers are quite low.They found that the unreimbursed cost of a crime to victims was an average of $524.
So,don't buy healthcare insurance and you will be fined and potentially imprisoned regardless of whether or not you ever require care.However,commit a violent crime and based on 2004 estimates,you face approx. 5 years in state prison.Based on the sentencing,we can equate the crime of not purchasing healthcare insurance to that of a violent crime.And I'll bet if you locate updated numbers on crime costs,you would find that victims of crime also face a financial hit of roughly the same cost as the Families USA report.
The point being there is no legislation in place to reimburse victims of crimes financially so why is the healthcare issue such a travesty?Isn't it the actions of the criminal that the rest of society is paying for?Look at something as simple as the ice fishermen who require rescue each spring from the thin ice.They never should have been out there,yet they get rescued free of charge.
Society must pay to maintain these rescue crews.No doubt,you could come up with many comparable scenarios where everyone pays the cost of the negligence of the few,and nothing is being done about it.Yet,Pelosi and Obama want criminal treatment without knowing if you would ever impose a burden or not.Hypocrisy 101.More to come...
Stress breakdown disclaimer
I would just like to go on record now that it's not my fault for anything bad I may do.I am a victim.I have no idea how I came to be a victim,but obviously I can't be responsible.
Not to mention,I am a really bad person in todays PC world.I am a white man.I am a veteran.I am a christian.I own guns.I used to work for the post office.I used to work for Ford.I used to work in an air traffic control tower.
Wow!If that doesn't make me a prime candidate to blow a gasket,I don't know what does.So don't do anything to push me over the edge.More to come...
Not to mention,I am a really bad person in todays PC world.I am a white man.I am a veteran.I am a christian.I own guns.I used to work for the post office.I used to work for Ford.I used to work in an air traffic control tower.
Wow!If that doesn't make me a prime candidate to blow a gasket,I don't know what does.So don't do anything to push me over the edge.More to come...
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