Tuesday, March 24, 2009

Thoughts on state government

I am not sure if it is just apathy or if there is a real reason why we as tax payers and voters do not get more involved.

In my case, finishing my degree, 2 kids and a full-time job paying a mortgage...finding the time to "get involved" would be a luxury. So really the question is: If I am busy taking care of my responsibilities and the other people like me are doing like-wise what's to stop the unfettered abuses being carried out by state and town officials here in MA?

There is just one smoke screeen after another with the raising toll controversy to the gas tax to putting chips in the inspection stickers of cars to track milage and tax etc... All the while the Governor has the audacity to call the voters position "trivial" and that he is more focused to important issues...Important to who?

All in all there are too many personal interests being served in the government and not enough public issues being served.

There was once an idea that the government would allow for equality among all where by they protect the minority from thetyranny of the majority and in the working sector unions would protect abuses of employers.

The pendulum has swung so far that the minority is the tyrant demanding their individual positions be recognized and allowed. Additionally the unions are the tyrants over business in an age where fair labor laws have evolved to protect all employees union or not.

So where's Deval going to allocate the bail-out money, as if we need to ask...I can already see the line of voting block leaders lining up at the door of the State House with their hand out.

Thursday, March 19, 2009

Economic "Kansas City Shuffle"

160 million Come on! If Mark Texieria for the NY Yankees gets that kind of money for playing a childs game 2/3 of the year and works less than 40 hrs a week why are we not enraged about that?

Before anyone jumps on the obvious, that it is our tax dollars, remember that the company should have been allowed to fail. Since that didn't happen if you were one of the employees that spent 80 to 100 hrs a week away from your family and friends trying hard to keep your responsibilities on track, working with your fellow employees to achieve a common goal. Achieving that goal despite the failings of the company. You did all this hard work and sacraficed when you finally achieve what you worked for you get the bonus that was contractually obligated to you. The current administration is decimating that spirit of hard work and sacrafice is is being incredibly dangerous with their policies.

To keep it simple: 160,000,000 (aig bonus) divided by 3,700,000,000,000 (3.7 trillion proposed budget) equals 4/100000 of 1% or 0.000004 of the total budget proposed.

I get why the current administration wants everyone to focus on AIG but I don't understand why they are not doing more to justify the 3.7 trillion budget proposal.

This is a classic "Kansas City Shuffle" Gain your attention over here (aig) while we are "conning" you over there where you're not looking.

Here is a link to how Obama is trying to get support for his budget (Pay special attention to the comment "Map out and identify support" respond to me about your thoughts to this ): http://my.barackobama.com/page/content/pledgeproject

Here is a link to a local bank that doesn't have any bad debt or mortagages in foreclosure: http://boston.bizjournals.com/boston/stories/2009/03/16/story3.html?b=1237176000^1793570&page=1

Wednesday, March 4, 2009

Obama is Econonomic Kryptonite; 2010 can't come fast enough

Based on polling data, personal conversations & even the main stream media's position it seems as though Barack Obama has officially, as they say, "jumped the shark"

Because the president has lost the ability to engage the republicans and even the fiscally conservative democrats in his own party he is hardening his position with respect to his budget. It seems as though he is proceeding down a more punitive path because those in congress that disagree with his plan would like it altered and he has postured himself as the "you're either with us or against us." president. Where have we heard that before (Bush 2004 post re-election)

The one thing Obama can't control is the effect his beliefs are having on the economy so he is forced to try to compel foreign banks to violate their privacy laws to help fund his planned socialistic state.

In 2010 (mid-term elections) the people who so emotionally voted for this massive shift to an all democrat state will not make it to the polls and the people who do vote will probably do exactly what America did...vote for change even if the opposing candidate to the democratic party has no experience or at least as much a Barack Obama had when he was a senator...and that is to say not much.

As college students if you think your prospects are bad now...just wait you be earning the same or less than the employee next to you at your state/federal subsidized job who did not go to college. Good luck out there.

Here is an editorial from investors business daily:

http://www.ibdeditorials.com/IBDArticles.aspx?id=320977608242634