Archive for April, 2008

Here are the FACTS:

According to the US Census Bureau, households with $100K+ income are the fastest growing segment of our population, up from 19.7 million in 2005 to 22.2 million in 2006, an increase of 13%.  Democrats/Liberals/Leftists would have you believe that Americans are suffering and getting poorer.  Not true!

While those households making $100,000 or more grew by 13 percent, the number of households with incomes less than $25,000 decreased by 5.1%

So this tells us that fewer American households are earning less than $25,000, which translates that America is getting richer, not poorer, as the goofy, ranting Liberals would have you believe.

In addition, the growing number of $100K+ households show and an increase in minority and female led households.

So, folks, the lesson to be learned here is:  GET THE FACTS, instead of paying any atteniton the emotional rants of unstable and unreasonable whores who only want to steal more of your money via bigger government and more handouts.

According to the US Census Bureau, households with $100K+ income are the fastest growing segment of our population, up from 19.7 million in 2005 to 22.2 million in 2006, an increase of 13%. The idiots on the Left would have you believe that Americans are suffering and getting poorer.

While those households making $100,000 or more grew by 13 percent, the number of households with incomes less than $25,000 decreased by 5.1%

So this tells us that fewer American households are earning less than $25,000, which translates that America is getting richer, not poorer, as those crackpot Liberals would have you believe.

In addition, the growing number of affluents show higher minority and female led households.

So, folks, the lesson to be learned here is: GET THE FACTS, instead of the emotional rants of unstable and unreasonable people.

I was watching Fred Luntz, the pollster, last night as he and a focus group of Republicans, Democrats and Independents react to political commercials and their messages.  Guest, Pennsylvania governor Randall, was highly critical of Obama.  He asked young people why they are voting for Obama, and many said he is a “new, fresh face” and not the same old Bush-Clinton political dynasties.  But when asked what has Obama done for college students, not one could answer.  This is how our ignorant youth are going to vote this November!  When Gov. Randall pointed out that Hillary has done far more for college students than Obama, the students were surprised.

Why give stupid myopic students who have no life or work experience the right to vote?  If Obama wants to take more money from their parents’ paychecks, these students, like zombies would follow him and say “Yes Master.”  These people should not be choosing the next leader of the free world.

I was somewhat consoled when listening to the praises Gov. Randall paid John McCain, I have a pretty good idea that Hillary supporters and independents will be voting for McCain this November.

Ireland, which was once facing economic collapse, and 20% unemployment rates, is the miracle of Europe, with 6% growth for 2007, double the EU average. A country which once suffered from emigration, Ireland’s turnaround has created a country of immigration, increased prosperity and full employment.

A miracle, you say? No, quite the opposite. Get government out of the way, and watch the economy explode with growth, new job creation and wealth creation. Lower taxes, cuts in federal spending and de-regulation are the answers. Ireland attracted companies like Apple, Microsoft and Intel by lowering it’s corporate tax rate to 10%. What a brilliant move! Today, the corporate tax rate is 12.5% for all industries.

According to Pierre Fortin of the University of Montreal, the main policy lessons learned from the “Irish economic miracle are: support free trade and investment, develop business-friendly industrial and tax policies, stick to free or low-cost secondary and post-secondary education….”

Compare the U.S. corporate tax rates which start at 15% and go up to 35%. Doesn’t take more than a couple of brain cells to realize why U.S. firms are moving offshore, to friendlier waters.

Italy’s Berlusconi should also take note and do the same for Italy, now that he has another chance to turn things around with his recent re-election.

While the rest of Europe is suffering from socialistic stagnation, Ireland is dripping in gold, and is the new shining star of Europe.

The lesson to be learned is that government control of anything leads to abuse and waste and only pads the pockets of politicians and those they are trying to influence. Whereas, in a free market, profit-seekers must fill a need, and do it as efficiently and as cost-effectively as possible. It’s a win-win situation for businesses and consumers, creating competion, lowering costs for consumers, and creating thousands of new jobs.

Republican Presidential nominee, John McCain, understands this all too well. He wants to do the same in the U.S. Let’s lower the corporate tax rate, lower taxes on individuals, cut wasteful government spending, and watch the economy start booming again!

Boy, there’s nothing like learning what really goes on at those closed door San Fran fundraisers.  Tin-can Obama, as I call him, only because his words are hollow, empty, arrogant and elitist.  Speaking to a private San Fran-sicko audience, you can almost hear Rev. Jeremiah Wright preaching to the choir.  It’s all really quite creepy!

Obama is so out of touch with reality, he resorts to condescension and insulting small town Americans because they believe in the second amendment and because they believe in God.  Is there anything more hypocritical than that?  I hope Hillary beats him badly in Pennsylvania and elsewhere.  This guy is a loose cannon, without experience, full of empty, hollow rhetoric, speaking to elitist SF leftists and uttering offensive words at small town Americans. 

Want to know how arrogant this bastard really is?  Obama audaciously stated, on April 8, 2008, without blinking an eye, that he had more foreign policy experience than McCain or Clinton.  This is getting hilarious!

And, in case you missed it – on May 8, 2007, this pompous ass stated that 10,000 people died in Kansas, that an entire town was destroyed from recent twisters.  The actual death toll was 12.

And, what started as a rumor in newsrooms that an Obama campaign official met with someone in the conservative Canadian government telling them not to take seriously what Obama said about possibly dismantling NAFTA.  In effect, this official was telling Canadians that Obama was lying to the voters.

Attention U.S. Voters – listen to the words coming out of Obama’s mouth.  He is all about exaggeration, lying, pomposity, arrogance and elitism.  He says one thing to voters (NAFTA is stealing your jobs) and then secretly tells Canada that he doesn’t mean what he’s saying.  He is an angry man who is NOT QUALIFIED to be president.  He cares nothing about the middle class, working people, people of faith, or those who support the Constitution, including the second amendment.  Electing him Senator of Illinois was the first mistake voters made.  Let’s not make the same mistake twice.

Rev. Jeremiah Wright made it quite clear where he stands with his racist remarks.  A recent news item in a Chicago paper wrote that Wright’s church bought him a $1.6 million 10,000 square foot home in Tinley Park – a prosperous white section on the South Side of Chicago.  As Christopher Hitchens points out in his 4/7/08 article for Slate, “The joke is on those of the ‘flock’ who tithed themselves to achieve this level of comfort for a man who must be pinching himself when he wakes up every day.”

In addition to Wright, Obama claims to have two additional spiritual leaders – James Meeks and Father Michael Pfleger (a white priest) who admires Louis Farrakhan.  Meeks is closely connected to the hysterical anti-homosexual wing of the Christian movement.  And while Obama is smart to distance himself from all of these racists, I find it hard to believe that he has not been influenced by them, especially after admitting to attending Wright’s church for over 20 years.

It’s very sad that the civil rights movement has been overshadowed by opportunistic parasites and shakedown artists like Jesse Jackson and Al Sharpton.

So, I’m not sure what message Obama is trying to put forth?  Go to church but don’t pay attention to what your minister has to say?  Or is he just pretending to be neutral, when in reality, he is an angry man with a racist agenda.

There’s a good article in this week’s Economist entitled Credit Crisis dated April 3rd, 2008.  I’m an Economist by education and agree with the statement made in the article, that “Crises are endemic to financial systems.  Attempts to regulate them may do more harm than good.”

In listening to a recent talk show, one caller was a retired mortgage loan underwriter.  She spoke out about the current credit mess and said that the problem is not entirely the fault of lending institutions. 

When lenders allowed “stated income” instead of “proof of income” on loan applications, thousands of borrowers lied through their teeth and overstated their incomes in order to qualify for a house they basically could not otherwise afford.  In other words, they perjured themselves on legal documents.

So Democrats/liberals/big government hacks want to lay the blame entirely on lending institutions which is so idiotic and so typical of government reactionary tactics!  The blame should equally be placed on the borrowers who lied about their incomes to get a loan.  You can slap regulations on the lenders, but that does not excuse the false information that borrowers presented to lenders.  Borrowers should also be held liable for perjury, if nothing else, which in my opinion, should be a finable offense.

“The notion that the world can just regulate its way out of crises is thus an illusion.”  A sophisticated financial system such as ours has its ups and downs as institutions learn ever more complex ways of dealing with people.  But to simply create a tightly regulated financial system will “condemn an economy to grow slowly.”  One only has to look at declining economic growth in Europe.

Put some of the blame where it belongs – on borrowers.  Don’t give them a pass or offer to excuse their contracted obligations.  Lenders should go after those borrowers who lied on their loan applications and get judgments against them for perjury.  If they did not qualify to buy the house, they should not be offered government assistance to bail them out.  That’s like letting go of a murderer and punishing the gun manufacturer instead.  Idiotic!

Rewarding bad behavior on the part of consumers, which is what Democrats want to do, will only guarantee the perpetuation of more bad behavior.  Government should stay out of our wallets and private business.