Archive for April, 2011

Gas Prices…

April 28, 2011

For anyone interested in the current gasoline situation and high energy prices, please visit Disrupt the Narrative.

And for an idea to get involve that will cost you little time and money!!

Debt Ceiling???

April 22, 2011

I have seen many reports that the Democrats are SCREAMING that if the debt ceiling does not get raised, then the economy is going to crash and every bad thing that happens can be blamed on the Republicans.

OK, let’s say that I, and the rest of the American Public, agree.  If the debt ceiling does NOT get raised, then the economy will enter a second recession, or worse a depression..  OK.

Then I believe that the Republicans should agree with raising the debt ceiling!!

But…..what if I disagree?  What if , I say that if we do NOT control the spending of the Government of the United States of America, then NOTHING will help us avoid the slow death that is coming……courtesy of Obama’s death panel….because it will become too expensive to save the patient, that is the USA.

I think I have a solution that will satisfy BOTH beliefs!!!

I think that the Republicans should agree to raise the debt ceiling, with NO conditions!!!  Then, ANYTHING that happens after that IS the President’s, and by default the Democrats, fault!!!  If you think that things are not going to get worse from here, I think you are delusional.

P.S. – I think the Republicans should raise the debt ceiling……………..

………….by $1!!!!!!

Now, it is the President’s fault!!!  He did not say how MUCH he wanted it raised by!!  Because, he has NO idea how to lead!!!

Obama’s Sacrifice…

April 20, 2011

Recently, I heard one of “The One’s” diatribes.  He was saying something about how the “rich” should sacrifice and accept an increase in their taxes.  Note:  I am NOT one of the “rich”.  In fact, I am not even  close.  My wife and I are not even close to the “rich”, those making $200,000 per year (this definition from the President).  Unfortunately, I do not have the time to try and find the speech/interview.

He was saying how He wanted to increase the taxes on the “rich” to match the tax rates during President “I lied to the American public under oath” Clinton.

I’ll make a deal with “The One”,….. I’ll agree to let the tax rates INCREASE to the level during President “It depends on what the definition of the word is, is” Clinton, IF we can limit Government spending to the levels that it was during the SAME time!!!  If you will CUT government spending to 1999 levels, I will agree to 1999 tax rates!!

What say you Mr. President???

Crime and punishment….

April 15, 2011

I have long said that the penalties in America need to be painful enough to deter crime.  I have complained that part of the problem is, that the people that have been looting America have face no REAL penalties.  They have been able to STEAL $100’s of MILLIONS and have been fine $1 MILLIONS.  There is no deterrence.

Phil Angelides, who was a member of the Financial Crisis Inquiry Commission had a great interview, where he voices the same frustration.  Zero Hedge has an article detailing the interview.

We need to put pressure on our Representatives to rectify the situation, as quickly as possible.

The LOOTING of America….

April 12, 2011

If ANYONE still believes that the United States Government is the correct size, or god forbid, too small, they need to read this article from Rolling Stone

This, from the “most transparent” administration in history.  Sorry, I almost threw up!!!

This has GOT TO STOP!!!

Pass it around, tell your Representatives how you feel.

GE and taxes…..

April 11, 2011

Much has been written/said recently about Government General Electric and the taxes that it has paid, or NOT

It “earned” $14.2 BILLION in 2010 and paid a grand total of $0 in taxes to the United States Government.  In the last 5 years, GE has earned more than $26 BILLION and received more than $4 BILLION in tax credits from the IRS.

Now don’t get me wrong, I understand some of the accounting that goes into a “tax loss carry forward”.  I DO believe that “honest” companies should be able to carry a loss forward, into another year to offset profits, in order to reduce taxes.

However, here is the problem that I am having.  When the latest recession began, as a result of indiscriminate lending, of which GE (through its subsidiary GE Capital) was a HUGE beneficiary, GE Capital provided 40% of the profits of GE.  GE Capital was involved in ALL of the kinds of “shady” loans, CDO’s, etc.  They were using the lax loan standards, approved and being used by all of the other major players, to maximize their fees while limiting their exposure.  Still, they did as poor a job, as all the other major players, or worse.  At that point in time, GE Capital “could” have bankrupted GE.

Then GE used the “Bank Bailouts” (TARP, TLGP, Stimulus, etc.) to the tune of at least $140 BILLION to “save” themselves.  That is, they TOOK money from US, and used it to stay in business and make profits.  And, now they are “using” the losses that they incurred to evade/avoid paying taxes to US.

Here is what I would like to see.  IF a company used the United States Government to remain in business, and to profit from free, or cheap, money loaned to it; then ALL previous losses are negated.  No more shenanigans, those companies will be ALLOWED to say THANK YOU, for saving us and our overpaid jobs, to the American public, and they will pay TAXES on ALL income generated.  Hey, GE let’s call it even and you PAY the taxes that you OWE!!

Let your representative know what you think, and if you think that you do NOT pay enough in taxes, NO ONE is stopping you from sending more.