Nov 4, 2009

'The government that governs best, governs least.' -unknown
Maybe we sould rethink bailouts and healthcare.

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Oct 26, 2009

Federal Control

"We must understand that authority that is unconsolidated and unbalanced (and) weak democratic institutions are unable to ensure an economic revival" - Kremlin Deputy Chief of Staff Vladislav Surkov

Like healthcare, Obama? It's scary how much our own president sounds like a communist.

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Mar 11, 2009

Economic Wisdom of Abraham Lincoln

"You cannot help the poor by destroying the rich.

  You cannot strengthen the weak by weakening the strong.

  You cannot bring about prosperity by discouraging thrift.

  You cannot lift the wage earner up by pulling the wage payer down.

You cannot further the brotherhood of man by inciting class hatred.

You cannot build character and courage by taking away people's initiative and independence.  You cannot help people permanently by doing for them, what they could and should do for themselves."

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Mar 5, 2009

Honk If you’re paying my mortgage!

I just heard about this bumper sticker on this news site and think it’s awesome.

To summarize a portion of the article:

  • The history of mortgage workouts is that most don't work: Even in "normal" times, more than 50% of mortgage workouts become problem loans within six months. And these are definitely not normal times.
  • Jobs and income and the primary concern: You can lower mortgage rates to zero but the vast majority of Americans won't be able to make payments for very long if they don't have a job. Friday's jobs report is expected to show another 650,000 jobs were lost in February and the jobless rate rose to 6.9%.
  • Home prices are still falling: There little incentive for people to borrow money (at whatever rate) to buy a depreciating asset, and Sonders believes home prices have another 10-15% to fall nationally before finding a floor.

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My Response to Jim Cramer’s Response to the White House

Jim Cramer, commentator for and host of Mad Money With Jim Cramer, wrote an article today in response to the White House’s scathing rebuke.

He had some very good points and it’s worth every minute of the read.  I do have a response to Cramer’s response and I think Cramer is a little misguided in his hopes for what Obama will or won’t do.

Obama doesn't want people to be rich and wealthy because then why would they be dependent on the government? Without government dependence, the government's role will decline and power will shrink. Washington has every incentive to not allow this to happen.  Obama is dead set on ruining the US economy in whatever fashion he can to increase the dependent roles of this country to the point that only through political power will one be wealthy.

Look at the major banks that have been "bailed-out"- they all have contributed large sums of money to politicians and many have participated in the revolving door in Washington by now working in high positions of the government.

The best thing for main street would be to reinvent the government to which they are slaves to. As Thomas Jefferson has said, “Whenever any form of government becomes destructive of these ends life, liberty, and the pursuit of happiness it is the right of the people to alter or abolish it, and to institute new government...”

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Feb 26, 2009

Dilbert on Bailout Hearings

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Jan 31, 2009

Wise/Ignorant Gap

I was recently reading a blog post over at My Open Wallet and began thinking about the much publicized rick-poor gap and the line of reasoning that goes that the wealthier individuals of society should be taxed at a higher rate until the gap shrinks.  This prompted me to start thinking that everyone always focuses on the rich/poor gap.  But what about the wise(smart)/ignorant(stupid) gap?

Should we not reward those who are smart and fuel our economy be creating wealth and jobs by lowering the tax they and their companies pay?  In reality companies don't pay tax anyway, their customers pay it in higher price goods. 

Governments traditionally use taxation as a means to discourage unwanted behavior and in many cases provide a financial means for the government to take care of the side affects of such harmful behavior (i.e. cigarettes and cancer).  Why then, do we buy into the logic that taxing the productive citizens of our country at a disproportional rate and funneling wealth down to the least productive citizens, is anything other than the opposite of what government should be encouraging?  I agree that some inequality is going to exist and that to a certain extent, there is a common good that must be taken care of.

Engineering a system whereby the less wise citizens pay a higher premium (tax) for their lack of productivity and wealth creation seems to reward the right type of behavior that would be good of society, rather than punishing the productive citizens with larger tax burdens than their counterparts.  Maybe a system that taxes users through sales taxes would be the most fair as companies and individuals choose to spend money and buy items.  Those that choose to spend more would be taxed at a higher rate than those that spend less.

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Jan 5, 2009

Failing at New Years Resolutions?

It’s around this time of year that resolutions are starting to fall apart and fail.  The work week for many is now underway and the pressures of life are just too many to try to also squeeze out self improvements with an already busy schedule.  In making my new years resolution this year, I am trying a couple of things differently than previous years.  Not that I ever really made serious resolutions before (I always thought they were kind of cheesy- made for breaking), but this year, I am really feeling that it might do me some good to write down what I want to have accomplished in 365 days from now; 14,600 hours from this moment.  By having an action plan, I can have those around me keep me accountable.  By writing down my resolutions, I will be much more likely to accomplish anything than if I just leave them up to chance.

One quote that a friend recently gave me, which is guiding my resolutions this year is, "in five years you will be the same person except for the people you meet and the books you read."  What a scary thought!  The fact that in five years I will not have changed or become better at anything is a big motivator!  The possibility that I might stay the same after being given 14,600 hours of life is just plain wrong.

Now, looking back over the past 2 years, I can’t say that I've read that much or that I have really even changed that much.  So, I guess it’s time to put this advice to work and make some resolutions.  So, here it goes for my list of new years resolutions:

  1. Complete 5 more MBA courses (with only 4 remaining after that!)
  2. Completely pay off a car loan (only 4 more months!)
  3. Read more…. for enjoyment, personal development, education, and spiritually.
  4. Write more.  I hope to be contributing to this blog much more frequently on a more diverse set of topics than in previous years.
  5. Build on my resume by earning a professional certification
  6. Save and Invest more dutifully for our future

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