OCTOBER 2013 Correct me if I am wrong, but did we not just get ourselves out of a housing/credit crisis that was fueled in part by really dumb government policies? There was dumb, and now there is dumber. One would like to believe that in the wake of dumb and destructive policies the government might […]
NOTHING contributes so much to the prosperity and happiness of a country as high profits,” proclaimed David Ricardo, an early-19th-century economist. If so, America is in a miserable state: corporate profitability has fallen to its lowest level since the depression of the 1930s. In the third quarter of this year, the pre-tax profits of non-financial […]
JULY 2013 The story goes that Benjamin Franklin emerged from Independence Hall in Philadelphia, on September 18, 1787 and was approached by a woman. She asked… “Well Doctor, what do we have a republic or a monarchy?” Franklin replied, “A republic if you can keep it.” Benghazi, the Internal Revenue Service, the National Security Agency, […]
APRIL 2013 I read it, but I didn’t believe it. President Barrack Obama has decreed April, “National Financial Capability Month.” This administration with all its knowledge and insight, will do things such as teach our nation’s youngsters “how to budget responsibly.” Obama’s Official Proclamation… “I call upon all Americans to observe this month with programs […]
APRIL 2013 “In a state where corruption abounds, laws must be very numerous” Publius Cornelius Tacitus Over the past three decades we have had multitudes of laws and regulations that have moved the nation closer to the world that Tacitus studied and wrote about two thousand years ago. Whether it be the Graham-Leach-Bliley Act that […]
JANUARY 2013 It ain’t me. It ain’t me. I ain’t no fortunate son. Credence Clearwater Revival Once again, it pays to hire well-connected lobbyists; it pays to be a fortunate son. The big winners in the fiscal cliff deal were those deep-pocketed special interests. $76 billion in tax credits for the likes of General Electric, […]
AUGUST 2012 In his 1935 State of the Union message, President Franklin D. Roosevelt proposed social security, unemployment insurance, and aid to dependent children to help the deserving poor, but he added an ominous warning… “The lessons of history, confirmed by evidence immediately before me, show conclusively that continued dependence on relief induces a spiritual […]
June, 2012 NEW YORK (TheStreet) — There are two ways to conquer and enslave a country. One is by the sword. The other is by debt. — John Adams Back in February, Senator Paul Ryan from Wisconsin challenged Treasury Secretary Timothy Geithner, asking why the Obama administration is not making any attempt to solve the long-term debt […]
MAY 2012 http://www.thestreet.com/story/11543096/1/wanted-a-greek-god-of-finance.html
APRIL 2012 The President of the United States has decided to take his traveling circus of illusion on the road to pitch his version of a Brave Fair World and the magic of his Buffet Tax that will make this all possible. Every millionaire would be subject to the new rule and according to all […]