As the health care debate continues, your representative is cowering in fear because there are people who vocally disagree with them.  Protests and angry mobs have a time and place.  For example, if you’re being refused entrance to your representative’s town hall by union thugs, this is cause for protest and anger.  If your representative is only answering “soft-ball” questions that seem to be pre-selected, this is cause for protest and anger.  If you see someone being beaten up by counter-protesters, this is cause for more protest, anger, and even violence.

continue reading »

I’ve made it no secret that I’m not a fan of Obama’s approach to taxing the top 10% and ‘redistributing wealth’.  But as the election moves forward, many are predicting an Obama win.  I believe this, not because I think he’s a great guy but because too many people want to believe in rhetoric of change.  Obama will attempt to tax the top 10% but will fail miserably, leaving it up to the rest of us to pick up the tab.  But I digress.
My goal on this post is guide you to how to make money in an Obama economy.  Many investors see Obama as a huge risk, and rightfully so.  401(k)s will be vulnerable to a large degree.  But it’s still possible to use his policies and rhetoric to your advantage and make money.
continue reading »
 | Posted by mike | Categories: Politics | Tagged: , , |

Blog Action Day: Poverty

15 October 2008

With the election only weeks away, the economy has become a hot-button issue. Both McCain and Obama have plans to cure the economy. Of course, one disagrees with the other. The question remains as to how a government can solve poverty. The answer is that it can’t.

Today is Blog Action Day – a day where bloggers from all over the world get together to write about one topic. This year, the topic is poverty. To that end, I’ll cover what society can do to help others in need.

Too much trust is given to the government to help the poor. Frankly, I don’t understand this. This blame is placed majority to the democrats since they see the need to “redistribute” wealth by taking away from the rich to give it to the poor, à la Robin Hood. Stories like Robin Hood fill our minds with the fact that the rich have taken advantage of the poor by ruthlessly taxing them. Some hero comes along to take that money away from the rich and give it back to the poor. Yet, at the same time, we have stories like the tortoise and the hare, which encourages us to take things slow and do our best and we’ll win the race.

What I fail to understand is why people don’t take the time to volunteer or donate money to help the poor. The average taxpayer donates less than 3% to charities, yet the majority of these people demand that congress do more. When I was a student, I tried my best to donate at least 20% of my income to charity. Some months were harder than others. But I still gave something.

Instead of asking the government to “redistribute” wealth, why don’t you? There are many organizations that could use your funds and time. Don’t ask congress to do something that you can do right now! You’ll be surprised how little it takes and how rewarding it is to do something for someone else.

 | Posted by mike | Categories: Editorial | Tagged: , , , |

The sky is falling!

For realz!

Of course, Obama wants to blame this on Bush, because that’s what democrats do best: blame the other guy. The guy won’t place blame on his party, even though they are in control of the House AND Senate, as they stated when Nancy Peloski took control of the House. Of course, every Obama nut job conveniently forgets this fact and instead blames Bush for his policies, under regulation, blah blah blah.

In reality, this whole problem started before Bush took office. It started with President Jimmy Carter (a Democrat) with the Community Restoration Act of 1977. The act “encouraged” Fannie and Freddie to lend to minority communities. But it wasn’t until President Bill Clinton (another Democrat) introduced his National Homeownership Strategy that put the act into overdrive, causing billions of dollars to go to people simply because of their race and little else. Clinton saw this as a way to get minorities into the middle class. Well intentioned, but failed miserably.

While I won’t get into the details, it’s clear that the problem started long ago, not in the last eight years. To further underscore this, let’s look at Europe. After the stocks in the US started to drop, economies in other countries started to suffer as well. Germany even stated that it would pump more money into their economy because it was floundering. One of two things is happening: Europe isn’t as regulated as we thought OR deregulation is not the problem.

Bailing out failing companies for corruption is bad enough. But I find it okay that they were suffering because a law forced them to make bad loans. People keep blaming the companies for greed. I completely agree. But when the cards are stacked and there’s nothing you can do about it, you might as well use it to your advantage. President Carter provided the deck, President Clinton stacked it, and President Bush is caught dealing the cards.

My question is why doesn’t the mainstream media talk about this? I’m convinced that at this point, Obama can eat a live human baby and people will say, “Aww! How cute! He loves that baby so much that he wants to eat him. That’s so sweet!”

Only in Obama World, does 1 + 1 equal banana, the sky is meatloaf, and unicorns and leprechauns provide free healthcare for all.

 | Posted by mike | Categories: Editorial | Tagged: , , , |