There have been many news articles about the possibility of a government shutdown and each takes about the outcome for the political parties. They all ask the same question, "Who will lose in 2012?" Many feel that Republicans will lose if the government shuts down. Some say the Democrats would lose.
I do not think it is really the case of win or lose for the parties. I believe it is a question of resolve for the American people. If we truly believe in deep cuts across all programs including defense and entitlements, then the American people need to support their representatives and senators by telling them to cut and cut deep.
I believe that the American public is not serious about cutting. In a recent poll, 80% of Americans believe that Social Security should not be touched at all. 64% believe that we need to cut waste. They have learned the words of politicians. Inside of making hard decisions, they have opted to take the less controversial position of cutting waste. Well, that's not going to do it. We need to make deep cuts and all programs should be on the table. Each should be examined and, if necessary, axed.
Are we as taxpayers going to allow Congress to enter into compromises just so they can get re-elected? If you truly believe in cutting spending deeply, tell your representatives and senators to cut and cut deeply. Tell they that you will support and vote for them in 2012, because they took a stand for fiscal responsibility.
Monday, April 4, 2011
Friday, March 18, 2011
The Cost to Buy Presidential Election has Gone Up
Obama's campaign manager is urging donor to give $350,000 each. According at recent CNN article, Obama would have over $1 billion for his re-election campaign.
I am sure he will receive that much money and more. Between the labor and teachers unions, he will be rolling in cash. If he gets re-elected, the unions will change their strangehold on the US to a deathgrip. Our country will belong to the unions.
Socialist and communists are aligning themselves with the unions to push their agenda to destroy the free enterprise system and force people to join their cause. All those who even think about voicing their opinion will be bullied.
In the recent events in Wisconsin, we witnessed the tactics of the socialists and communists as they infiltrated the rank and file of the teachers unions. Big labor under the command of Richard Trumka provided resources to push his agenda.
Trumka was asked about his visits to the White House and how many times he gets to spew his rhetoric into the ears of advisors.
I am sure he will receive that much money and more. Between the labor and teachers unions, he will be rolling in cash. If he gets re-elected, the unions will change their strangehold on the US to a deathgrip. Our country will belong to the unions.
Socialist and communists are aligning themselves with the unions to push their agenda to destroy the free enterprise system and force people to join their cause. All those who even think about voicing their opinion will be bullied.
In the recent events in Wisconsin, we witnessed the tactics of the socialists and communists as they infiltrated the rank and file of the teachers unions. Big labor under the command of Richard Trumka provided resources to push his agenda.
Trumka was asked about his visits to the White House and how many times he gets to spew his rhetoric into the ears of advisors.
Do you believe his arrogance?
Tuesday, March 8, 2011
Global Markets Respond Favorably to OPEC News
As OPEC mulls over the possibility of increasing oil production, the global markets respond favorably. Dow futures and NASDAQ futures are up slightly this morning. Oil prices are down a bit.
Do people truly believe it is over and we are past the worst. Far from it. Keep watching the Middle East. Although the "Day of Rage" in Saudi Arabia has been postponed due to low turnout, it will happen. Saudi security forces will ruthlessly put down the protest marches. If they do, protests will get larger and more violent.
The Saudi government has already started to block certain websites in preparation of protests. There are forces at work that will not be stopped.
Do people truly believe it is over and we are past the worst. Far from it. Keep watching the Middle East. Although the "Day of Rage" in Saudi Arabia has been postponed due to low turnout, it will happen. Saudi security forces will ruthlessly put down the protest marches. If they do, protests will get larger and more violent.
The Saudi government has already started to block certain websites in preparation of protests. There are forces at work that will not be stopped.
Monday, March 7, 2011
Chief Analyst at Oil Information Service Makes Big Prediction
Chief Analyst, Tom Kloza, at the Oil Information Service predicts that gas prices could surge another 10 to 15 cents this week alone.
Oil at a 2 and Half Year High
Due to the problems in Libya and possible supply disruption, oil is now trading at $106. I read that for every $1 increase in oil prices, it translates to a 2 cent increase in gasoline at the pump.
Although Saudi Arabia has said that it will make up the loss, the real problem is the unrest in the Middle East. It is just a matter of time before rioting starts in Saudi Arabia. Revolutionaries have called for March 7th to be a "day of rage".
If the Saudi government reacts like other nations, it will be like pouring gasoline on a fire. If there is a supply disruption in Saudi Arabia, we can easily see the price of oil go to $200+ a barrel.
We need to drill now and everywhere. I honestly believe that the economy cannot handle this problem well. It will plunge us into an economic meltdown the likes we have never seen.
Although Saudi Arabia has said that it will make up the loss, the real problem is the unrest in the Middle East. It is just a matter of time before rioting starts in Saudi Arabia. Revolutionaries have called for March 7th to be a "day of rage".
If the Saudi government reacts like other nations, it will be like pouring gasoline on a fire. If there is a supply disruption in Saudi Arabia, we can easily see the price of oil go to $200+ a barrel.
We need to drill now and everywhere. I honestly believe that the economy cannot handle this problem well. It will plunge us into an economic meltdown the likes we have never seen.
Thursday, February 24, 2011
Increased Cost of Stimulus Package
The Congressional Budget Office (CBO) has once again adjusted the cost of the stimulus package. It will now cost the American taxpayer an estimated $821 billion which is $34 billion more than was original budgeted.
With all of the money the government has given away, unemployment is at 9%. Remember, what we were told. Unemployment would not go above 8% once the stimulus package was approved. I guess another broken promise.
I still hear Democrats peddling the same sob story about having to deal with a Bush problem. They always use the same story even after 2+ years of the Obama administration. I am so tired of hearing their whining. To be quite honest, I am tired of both sides. Stop whining and work the problems.
With all of the money the government has given away, unemployment is at 9%. Remember, what we were told. Unemployment would not go above 8% once the stimulus package was approved. I guess another broken promise.
I still hear Democrats peddling the same sob story about having to deal with a Bush problem. They always use the same story even after 2+ years of the Obama administration. I am so tired of hearing their whining. To be quite honest, I am tired of both sides. Stop whining and work the problems.
Tuesday, February 22, 2011
Bad Day for the Markets
With oil futures spiking by $7, Wal-Mart reporting miserable sales, the Dow futures already starting the morning down 115 and the NASDAQ down 12.50, it will be a very sad day in the market.
Even though the Obama administrations and his so-called financial whiz kids have said that the worst is over, it really isn't. I still read articles about a possible double-dip recession. With the Federal Reserve monetizing our debt through the QE2 and uncontrolled spending by the Congress, our economy and our way of life may become things of the past.
68% of Wal-Mart's business comes from households that earn less than $70,000 per year. My family and I shop at Wal-Mart and we make more than $70,000. Although I would prefer to spend money at other stories especially local stores, we prefer to save money and pay off any remaining debt. In the past, I would normally put an item on a credit card. Not anymore. I pay everything with cash.
Most Americans have started or will be starting their own austerity programs. When I was laid off and I did not know how long it would take for me to find another job, my family economized wherever we could. We cut back our spending and tightened our belt. We never missed a mortgage payment and we continued to eat very well. Every bill was paid on time with money left in the bank for emergencies.
Right now, our economy is based on consumerism. According to some economists, consumerism accounts for 68% of our economy. Some say that number is higher. In either case, it is completely unacceptable to base an economy on consuming things. If a society does not produce anything and only consumes, it cannot sustain itself. That is simple economics. If you have no money coming in, you do not have money available to go out unless you are the government and can run huge amounts of debt.
The Obama administration is about to add another $1.6 trillion to our national debt. With more and more Baby Boomers retiring and tapping into Social Security and Medicare, our unfunded liabilities skyrocket with each day. Think about this. We current pay $169 billion just to cover the interest payments on our national debt. Over the next decade, according to the Congressional Budget Office, we will be paying $5.5 trillion dollars.
With unions screaming for more benefits and strangling our economy and pension plans with completely unreasonable terms, our economy is spinning out of control and will not recovery. Timothy Geithner and Ben Bernanke are telling us that our economy will not return to a pre-recession economy for another 4 to 5 years. By that time, most states will be on the verge of bankruptcy. There will be more riots and uprising in the streets around the world as food and fuel prices skyrocket out of sight. We will see riots in our own streets. You do not have to go far. Just look at Wisconsin.
Whether they like it or not, Congress must slash entitlement programs. The President said that Congress is using a machete and he would prefer to use a scalpel. I say it is time for a chainsaw.
Even though the Obama administrations and his so-called financial whiz kids have said that the worst is over, it really isn't. I still read articles about a possible double-dip recession. With the Federal Reserve monetizing our debt through the QE2 and uncontrolled spending by the Congress, our economy and our way of life may become things of the past.
68% of Wal-Mart's business comes from households that earn less than $70,000 per year. My family and I shop at Wal-Mart and we make more than $70,000. Although I would prefer to spend money at other stories especially local stores, we prefer to save money and pay off any remaining debt. In the past, I would normally put an item on a credit card. Not anymore. I pay everything with cash.
Most Americans have started or will be starting their own austerity programs. When I was laid off and I did not know how long it would take for me to find another job, my family economized wherever we could. We cut back our spending and tightened our belt. We never missed a mortgage payment and we continued to eat very well. Every bill was paid on time with money left in the bank for emergencies.
Right now, our economy is based on consumerism. According to some economists, consumerism accounts for 68% of our economy. Some say that number is higher. In either case, it is completely unacceptable to base an economy on consuming things. If a society does not produce anything and only consumes, it cannot sustain itself. That is simple economics. If you have no money coming in, you do not have money available to go out unless you are the government and can run huge amounts of debt.
The Obama administration is about to add another $1.6 trillion to our national debt. With more and more Baby Boomers retiring and tapping into Social Security and Medicare, our unfunded liabilities skyrocket with each day. Think about this. We current pay $169 billion just to cover the interest payments on our national debt. Over the next decade, according to the Congressional Budget Office, we will be paying $5.5 trillion dollars.
With unions screaming for more benefits and strangling our economy and pension plans with completely unreasonable terms, our economy is spinning out of control and will not recovery. Timothy Geithner and Ben Bernanke are telling us that our economy will not return to a pre-recession economy for another 4 to 5 years. By that time, most states will be on the verge of bankruptcy. There will be more riots and uprising in the streets around the world as food and fuel prices skyrocket out of sight. We will see riots in our own streets. You do not have to go far. Just look at Wisconsin.
Whether they like it or not, Congress must slash entitlement programs. The President said that Congress is using a machete and he would prefer to use a scalpel. I say it is time for a chainsaw.
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