Tag Archives: economy

Nancy Pelosi, Please Shut Up

How did she get elected?  Further, how did she get selected by her peers as the Speaker of the House?  The population of the USA is about 300 million, yet we could lose 500 million jobs?

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Saturday Top 5: Reasons to Vote for John McCain

Last week, I gave 5 reasons to vote for Barack Obama.  I understand that there are many people who will vote for Obama for many reasons, but if you used the reasons listed last week to determine your vote, you need some help.  Here are the top 5 reasons to select John McCain as President of the United States.

#5 The economy is on the precipice of recession. One candidate wants to lower taxes and stimulate real jobs, the other candidate wants to lower some taxes, give government handouts, and introduce numerous other taxes to pay for his giant nationalization of the free system in America.  Our system is the best and most successful system in the world and we do not need to make the kind of changes Obama is advocating.  We need lower corporate taxes to attract business which creates jobs.  We do not need an all-intrusive government handing money out to her children so they can stay enslaved.  America’s financial strength was not built on the socialistic principles that have failed everywhere they have been implemented.  Economic pain really stinks, but sometimes it is necessary.  Every time we let the government protect us from every pain, it would be like having your mom and dad walking behind you all through life to catch you when you fall.  People have to fall, and people have to get up.  But we cannot live life without ever failing.  Even the greatest men in history failed time and again before they succeeded.

#4 The War in Iraq is being won. Whether or not you believe we should have gone to Iraq in the first place, the issue at this point would be leaving the country in a condition to maintain it’s stability so we would not have to go back in once again.  Obama fought against the surge and will not admit that the surge has worked.  For many weeks, McCain was one of the few politicians who advocated the surge, and it took a while for others to jump on board.  The surge has succeeded beyond everyone’s imagination, and those principles are what we need in Afghanistan.  That is the type of leadership I want in the Whitehouse.  I want a man who will stand up for what is right even when it is not popular.  McCain did that and will continue to do that.  Obama will continue to push for withdrawal of our troops, even on the verge of success and stabilization and even at the expense of the Iraqi people.

#3 The right to keep and bear arms as enumerated in the Bill of Rights is an individual right, not a collective right granted to the state. McCain has a strong record of protecting the individual right to keep and bear arms, and his opponent has the opposite record of trying to restrict the individual rights of Americans.  This is a major reason I am supporting John McCain for POTUS.  As a “bitter clinger“, I am offended and distrustful of any politician that thinks I am too stupid to protect myself and my family.  We should never trust our provision, whether for food, protection, or money to the government.  “FROM MY COLD DEAD HANDS!”  🙂

#2 John McCain is not Barack Obama. Unfortunately, this is one of the biggest selling points in this election.  McCain will not: sit down with terrorist heads of state and rogue dictators and negotiate; appoint tons of left wing federal judges; destroy the American economy; surround himself with far left advisers; submit to the will of the UN; make a move to restrict individual liberty like free speech, religious speech, and gun rights.  It’s not necessarily a good thing to run on the negative side in politics, but those of us on the right (which is right) do not have an inspiring choice this year.  McCain has no big ideas when it comes to inspiring the masses, but he sure has this going for him… HE’S NOT OBAMA.

#1 Because the innocent unborn must be protected. John McCain has had his share of issues and reasons to not receive my vote.  Most of which are his disappointing bipartisanship and the way he bends over backward to help the left wing Democrats accomplish their mission to raise taxes and weaken the American wage earner, but he has stood firm in support of the innocent unborn.  For this reason it is imperative for me, as a Christian and someone who wants to see life protected, to vote for John McCain for president.  No other issue is as volatile, and no other issue has been as firmly entrenched in our political fight.  This is the first time in years that we actually have a chance to make a difference.  With a minimum of two left wing judges coming off the court in the next 4 years due to retirement, and the court at a 5-4 balance in favor of the left, we can do something big this election.  With a president Obama, the courts left wing majority will be locked in place for possibly another 10 years or more.

There were plenty of other examples I could give to show you why I am supporting McCain in this election.  Please feel free to add to the list or to show why I am wrong.

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Spontanious Thought

  • This morning, I enjoyed a breakfast I prepared at my house of scrambled eggs, sausage, and a slice of low carb toast with my mom at the church office.  The food was delicious, if I do say so myself.  My mom made the coffee and it was great.
  • The topic on everyone’s mind is the economy.  Who would have thought that this country could be so vulnerable?  It seems like the things we put our trust in can so easily fail, but only God does not fail.
  • Combined with a lack of available money in the banks, fear is one of the driving forces in this potential meltdown.  It’s the fear that if I don’t get my money out now, I will not be able to get my money at all.  So people will cash out of banks, money markets, mutual funds, etc, and the available liquid assets banks and lenders use to extend credit dries up.  Without the available credit to do normal business, and banks not having money to lend, it further drives people to pull their cash out.  When a bank cannot give you cash that is in your account, they go under.  When their is no available credit or liquid assets, corporations and businesses cannot pay employees, consumers cannot purchase goods, and the economy completely grinds to a halt.
  • It’s not uncommon for a bank to fail.  It has happened before.  It is not uncommon for homeowners to foreclose.  That happens at a fairly predictable pace.  What is not common in the US is double digit unemployment, foreclosures in the numbers we are seeing and will continue to see over the next couple years, and major investment firms folding over night due to a lack of liquid assets.  We are teetering on a true economic meltdown.
  • The $700 billion bailout (which would more likely be $1 to $1.5 trillion) would not really solve the problem.  The government claims that taxpayers would not get stuck with 100% of that bill.  They claim that there would be revenue from those toxic loans and mortgages as a percentage would continue to pay their mortgages, and the other homes that the government would foreclose on would be sold or rented for revenue.  I have a hard time believing that the government can efficiently sell or rent property at a rate that would bring in revenue, and even if they could I don’t believe that they would pay down any debt with that revenue.  They would find a way to spend it on something new.
  • I also believe in the free market.  I believe that there has to be pain in order for their to be healing.  Unfortunately, this problem seems to have stemmed from the Community Reinvestment Act, which mandated that banks and lenders approve mortgages for people and businesses who were under qualified as a way of extending “the American Dream” to everyone.
  • Just for the record, I don’t believe the American Dream is owning a house or anything like that.  The American Dream is the idea that no matter where I start in life, I have the right to pursue happiness, to attempt to better myself, to risk, and that I am not forced into a “class” the rest of my life.  But just because I put my hand out, say gimme, and declare that “yes I can” does not mean “yes I will” or “no I won’t”.  Nobody owes you or me anything by birth.  But greed has pushed us to the edge.
  • McCain has suspended his presidential campaign while he goes to DC to work on a fix to this mess.  I appreciate that even though it may end his chance to be president.  Obama continues to want to have the debate, McCain wants to work.  There is time for the debates later, but this crisis is happening now.  Talking about it will not get it done.  I am not interested in a talker or debater for president as much as I want someone who will get the hard work done that is needed.
  • If this is a political stunt, it will be exposed as such.  If this is not a political stunt, then shame on those who are saying that it is.  Obama could look to his senior colleague in the senate for guidance here.  Let’s do this thing right.

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Wednesday Quotable (and a little economic rant)

With the economy at the front of everyone’s mind and the angst we all feel, the knee-jerk is to punish greedy corporations for the trouble we are in.  The blame game will continue as we search for a culprit, someone to point our fingers at so we can feel better.  The question will remain open because there are so many people to point the finger at.  There are legislators and executive politicians who forced lenders to lend money to people and businesses in lower socio-economic strata who had less than acceptable credit or unverified income, there are greedy CEO’s who walked out of their dying corporations with millions in salary raises and severance, there are foolish investors who put everyone else’s eggs into one basket, and there are naive citizens who have borrowed more than they could possibly repay on the dream that has been forced upon everyone that every American MUST own a house.  Let the class warfare begin.  Senator Barack Obama’s tax plan is to raise the corporate tax rate.  We currently have a 39.5% corporate tax rate, the second highest in the world.  Then we wonder why our corporations ship their jobs over seas for a tax break.  Of course if they go over seas, they will get a tax break by virtue of being in a nation that has a lower corporate tax rate.  So what is the obvious solution?  Cut corporate tax rates?  No, Obama says to raise them, and even if they do not operate in the good old U.S. of A., charge them a tariff for wanting to do business somewhere else where they can save money.  As anyone with common sense should know, the job of a corporation/business is to make money, not to hire people.  The fact is that if you raise taxes or fees on corporations and business, they will pass it on to you and me with higher prices, they will lay off employees, or they will cut quality and dividends.  That brings us to this week’s quotable.

“Corporations don’t pay taxes, people pay taxes.”

Walter Williams, former chairman of economics for George Mason University

Corporations do not pay taxes, they collect them from you and me for Uncle Sam.

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Thought bearing lobster

  • I woke up this morning at 5:50 AM on my day off: the phone was ringing. My work was calling to find out if I wanted to come in to work. Not today!
  • I was expecting the call to be from Dave to make sure I was up and ready to go for a day of lobstering. Dave called at 6:30 AM to let me know he was heading out of the plant.
  • I was glad that Dave would take the time to go out there with me, since Trav ditched me to visit the family in Louisiana. 🙂
  • We loaded up the car, grabbed a couple of Jolt Ultra’s and a cooler of ice, and headed to Card Sound road.
  • We had a great time, but after about 2 1/2 hours in the water, we caught only 1 lobster (short) and found about 5 large lobster carcasses. We did see one stone crab, quite a few large snook, some mangrove and schoolmaster snapper, a couple shark, and even some drum. No keeper lobster though.
  • A couple of guys in a nice Angler 204 with fishing rods came over to see how we were doing, and they ID’d themselves as FWC. I guess they were undercover. They couldn’t believe we were not from a boat, considering that we were quite a way from the bridge. After they saw that we had our flag, our gages, and we were in the legal side, they wished us good luck and went on their way.
  • Dave is a maniac, the guy was climbing up in the mangrove roots. I kept getting tangled in the dive flag line and my legs got a little itchy from what I think were jellyfish. I will go back in a few days to do some snapper fishing and try again for some lobster (August 6 is the regular season opener).
  • Due to my wheeling and dealing at work, I now have to work 4 straight to make up for my miniseason time off.
  • Tonight, Dave and his family are coming over for some chicken and burgers on the Q. I think we will play the Wii too.
  • I spent some good times this week watching movies and going to the mall with Marcela. I still didn’t get to see Hancock yet. Maybe Tuesday.
  • The blogroll/links section of the blog have been updated. Also, I have created a “Top 5” page to make it easier to find all of my Top 5 lists.
  • Tomorrow, I will unveil a new weekly feature.  It will be a fun one.
  • On a different note, the economy grew at 1.9% in the last quarter, oil prices are dropping faster than ever in history, and faster than they grew. But if you watch the news, you would swear we are in a recession.
  • The violence against our troops is at an all time low in Iraq, but you hear absolutely nothing positive in the news. Apparently the mainstream news outlets do not report good things, especially if they reflect positively on Bush administration or the Republican party.

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