Tag Archives: conservative politics

Dog Bites Man And Govt. Motors Pays Itself

Those headlines would deserve  equal credit as to newsworthiness in a sane world.  But over the last 18 months or so since the current administration took the reins of power such news is heralded as the most wonderous of events.  I watched some of the “ceremony” at GM this morning as they breathlessly announced their repayment of 5.8 billion to the US and Canadian governments as though that was some stupendous achievement.  There was lots of hoopla and all that was lacking was the confetti and balloons.  All that happened in reality was that the government paid itself.  Not one darn bit different than if you wrote a check to yourself out of your checking account and then deposited it right back.

The fact of the matter is that Government, Inc. owns GM.  It is merely paying itself.  The fact that they have been able to make a profit should come as no surprise to anyone with an IQ higher than weeds.  You could take almost any major company from the Standard and Poors 500 that had lots of debt and do the same thing as occurred with GM.  I mean the “new” GM came out of the government mandated Chapter 11 with nothing but assets.  All its debts were left behind with the old GM.  Is it remarkable at all that given that scenario it has made a profit?  The surprise would have been if it made only a small profit. 

Don’t forget that in addition to the 5.8 billion in direct loans during the Chapter 11 that GM had a capital infusion of about 50 billion.  Give me a company with no debt and a fresh 50 billion to play with and I will guarantee you a profit even if I was selling buggy whips.   Also don’t forget that GMAC its partner in crime also got I believe it was over 40 billion in Government funds to continue its financing arrangement.  This was conveniently done under TARP when GMAC during the holidays of ’08 was converted into a “financial” institution with a bank charter from the Feds.  

The power brokers and czars in Washington must think we really have a short attention span or they are contemptuous of our ability to reason.   Speaking of czars, you have surely noticed that Mr. Rattner who lead the government team doing all the negotiating with creditors of GM has run into his own buzz saw of accusations recently.  Really nice to know we had such an honorable fellow carefully selected by the White House to run that show and ram through the Chapter 11 of GM.   This entire situation is another example of the danger of the too big to fail syndrome that has consumed Washington since the fall of ’08.  The financial regulations being proposed by Dodd, of Countrywide fame, does not solve this problem but only exacerbates it.  Please read it for yourself.  The fine print gives authority to bureaucrats appointed and funded by the politicians  the say to determine who is a systemic risk and what should be done.  It allows them to determine who will be paid and how.  Worst of all it allows for unlimited government backing of the credit of a failing company.  If it quacks like a bailout, walks like a bailout, it is a bailout regardless of the headline news and the disclaimers of Dodd.   Geithner defends it so you know it must be a really bad idea. 

Every time you buy a GM car or part you are supporting the gang in Washington.  It is not a private company but a captive of government and in turn the auto unions which were the real raison d’etre behind the bailout of GM in the first place.  I hate it that I can’t support them anymore.  Years ago I loved my Suburban.  Unfortunately they have become part of the problem with our economy and government and not any contribution to the solution or a better path for the country.  The Democrats got themselves even more loyal ground troops for the political wars.  They already had the overwhelming majority anyway but now they have tens of thousands of cadre to send out on the political warpath.  Even better for them every GM car sold is nothing more than a political contribution for the largest political PAC supporting Democratic candidates there ever was.

The great pyramids in Egypt are quite something to behold.  More remarkable is the preciseness of the engineering that was employed with only the most rudimentary of tools. They had no GPS or laser  controlled measuring or surveying devices.  Line of sight, plumb bobs and string and knowledge of basic geometry is what they worked with.  The Great Pyramid near Assuan was about 150 yards high and was about 250 yards wide on each side of its base.  Those blocks weighed a lot.  There were 7 yards long and hand to be man-handled to the top.  Amazingly, the engineers were so good with their limited tools that the mean error of the base line was only 6/10’s of an inch in length and 12 seconds in angle from a perfect square.  I wonder if we could do that well today.   http://www.olcranky.wordpress.com

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2 Cents Worth On Politics, Economics And Life Its Ownself

Today there are stories about a “strong” recovery for our economy with all sorts of anecdotal details.  Interesting that just yesterday the papers were reporting that the official committee that determines these things can’t make up its mind about whether the recession has ended or not.  Do these PhD’s really know that much more than we do?  I personally think its  like pornography and I know it when I see it.

The proposed dramatic cutback in NASA programs may well have lots of unintended consequences if implemented as set out.  Your GPS, your cell phones, your cable TV, international calls, weather predictions and storm warnings and not to mention CIA, NSA and military security resources are all very dependent on satellites orbiting in space.  Do we really want to start depending on Russia, China or even some start up company here to put those into space and just as importantly maintain them over time?  Space exploration and exploitation today really does affect your everyday life in so many ways that you never notice until the system were to break down.  Let’s hope someone who’s an adult takes a second look before a decision is made.  The cutback sure won’t help the job market.  You read they will be offering retraining to the thousands of employees who lose their jobs.  Just what we need a rocket scientist learning to be a mortgage broker.

You need to read the open letter to the guy in the white house from the World Jewish Congress.  It should give pause to anyone concerned about our security.  The questions it raises regarding our current goals and strategy in the Middle East should be answered by the anointed One.  If you believe Israel is a greater threat to our security than Iran then you can ignore it otherwise you might pay heed.

I wonder if anyone could make a profit on a watermelon stand these days during the summer?  I never liked watermelon much even as a child but it was fun to go there with the whole family and pick out your own melon and then everyone gather around the picnic tables they had set up with the salt shakers and old newspapers to cover the table.  Of course it was pretty hot.  The only cooling was from ceiling fans in the pavilion.

Why can’t they financial regulation bill they are discussing in Washington be simple?  Can’t it be done in less than 10 pages.  All it needs to say is that no bank or any other company is too big to fail and that the US government will not be permitted to advance any loans or purchase any equity in such entities.  If they become insolvent they will be forced into a bankruptcy proceeding or liquidated by the FDIC.  What is so complicated about that?  We don’t need any other regulation if the politicians aren’t permitted to “save” vital companies or industries.  We wouldn’t have any more AIG or GM or Citibank  rescues.

I am not a Catholic but hope the Church can straighten out is problems with its pedophile priests.   The first few centuries of the Church didn’t universally require celibacy in the clergy.  The Church has a can do much good in the world but needs to sharpen its recruiting and not become like a union job where it is almost impossible to fire anyone.  Those who don’t measure up need to be cut loose without years of agonizing over the decision.

We’re told Iran can have enough uranium within a year to build a bomb but not to worry because they would need time to test it first.  What if they decide to test in on Tel Aviv?  I mean if they are intent on using it as they say they are, then what would be the downside for them.  If it doesn’t work then no one would know anyway and if it does…… It is always dangerous to not take someone at their word when they make threats. 

Let me get this straight–we are going to tax more, much more and spend more, much, much more to restore economic growth.  Even though everyone agrees we will have deficits over a trillion more or less forever.  And if that doesn’t work then Plan B is to borrow more from foreigners to take the path to prosperity.  Sounds like a great game plan to me. 

China reports a first quarter growth rate of 11.7% which is really remarkable.  It comes from China’s State Council.  You have to wonder about the guy in charge of arriving at that number.  We talk of transparency a lot these days for economic health but opaque is the hue in Chinese reports.  You think the Party sometimes “influences” the numbers one way or the other?  I mean when the big cheese says he hopes that such and such is going to be the number that someone tries to make him happy.  Especially if his dad was in one of those re-education camps of Mao a few years ago.

“That all power is vested in, and consequently derived from, the people; that magistrates are their trustees and servants, and at all times amenable to them.” George Mason, Founding Father.   www.olcranky.wordpress.com

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The Medicare Analogy to Socialized Medicine

During many of the debates and conversations regarding our health care issues I have heard more than one pundit opine, with a smug sneer, that some people complain about a government takeover of health care but they don’t want the government to mess with Medicare.  They then deliver what they assume is some sort of debate coup de grace by observing that Medicare is a government program.  Viola, those opposed don’t know what they are talking about or can’t think logically and the government is very good at whatever mission it undertakes.   They assume that is a slam dunk argument that has no riposte.   Well, if I were at one of those town hall meetings and that comment was made again I would have some things to say about it in reply.

First of all, the notion that Medicare is run very well is a complete joke.  If you have had to be involved with it at all then you know what I am talking about.  If you take your mother or grandmother to the doctor’s and she needs hospitalization then the fun just begins.  The red tape and bureaucracy to comply with Medicare requirements are staggering and confusing and often non sensical.   Lord forbid if there are tests or evaluations that have to be done.  If you think the insurance companies by themselves make it complicated to receive your medical treatment, I assure you it  isn’t improved when you add the Medicare bureaucracy on top of it.  What is covered, what is not covered, who will do the procedure, where can you get it done, if you’re  merely sick  there is no long term assisted living care but if you have a hearing problem it might be; the list of conflicting and confusing issues is increased, not decreased with the government involvement.   I would also take out one of the government publications explaining the Medicare prescription drug program.  Just read that at a town hall meeting.  It is not a question of being intelligent, but they are written as though it came from a Japenese mental hospital and was translated by Whirling Dervishes hopped up on absinthe.   Really, if you have never read one of those get it from a relative, read the damn thing.  That is the best illustration of how efficient the government is at doing anything.  That should be enough to rest your case.

Of course there is the little matter of money and how Medicare is paid for by all of us.  The smart set liberals deride those opposed by saying we gladly accept the socialized medicine provided by Medicare.  Well, I would say that you darn right I do.  After all the government stole my money from me in the first place for 40 years now to pay for medicare.   In my case I have paid in over $63,000.00 in Medicare taxes over the years.  Add yours up, you’ll be surprised at the amount.  I am taking my medicare benefits, I have paid for them.  Of course you must remember that I was denied the use of my money all these years.  I could have invested that money.  Even if it was only at a 3% rate of return that number would have grown to well over $100,000.00 over 40 years.  Don’t forget that Medicare is like any other insurance–it is a gamble on risk/reward.  If I die in a few years then the system will have profitted handsomely off of me.  Even if I live to a ripe old age but I have no health issues and simply drop dead some day they will likewise have made out like the bandits they are.   It was my money, not theirs.  If they had forced me to save that money and given me interest at 3% or even 2% over all the years I would be happy for them to give it back to me at age 65 and I will take care of my own health insurance needs, thank you very much.  That would have bought lots of insurance coverage.  I have paid in no telling how much for medical coverage over the years with my private policy.  I have been blessed with good health and they have made a nice profit on me.  But that it is ok and because it was voluntary on both sides of the equation.  I didn’t have to take out the policy or get the coverage.  The big difference of course is that the insurance company didn’t have the right to come take my money against my will.  They made a profit, it was not thief.  I have nothing against any company making profits otherwise my claim for coverage would be worthless.

That same argument is true with Social Security.  I have paid in well in excess of $100,000.00 over 50 years.  If I had been able to keep my own money or at least control its investment and kept it in treasury bills or CD’s and got a very low 3% return it would have been over $200,000.00 by now.  Of course I take my social security check each month and with no thank you’s to anyone–its my money in the first place that was consfiscated by the government to meet someone else’s social agenda, not mine.  I would be glad to have that $200,000.00 plus in cash now and provide for my own retirement needs without any help or interference by the government.  Of course it is also a gamble, if I die soon then the government will have made lots of money off of me.  My heirs don’t even get the excess.  My surviving spouse will receive payments but again that is merely getting back part of what we put in.  It is her money.   There is the added insult with Social Security that they steal your money in the first place, do not pay you any interest on the money whatsoever and then when you take it out, they tax you on your own damn money.  I mean you paid taxes on your income when you got that money in the first place and then they tax you again when they graciously give you back some portion of your money.  They expect me to smile and say “thank you”, that would be like saying thanks to the burglar or thief who returned your stolen goods.  You’ll be glad to have them back but not grateful to the thief.

“Liberty means responsibility.  That is why most men dread it.”  George Bernard Shaw   www.olcranky.wordpress.com

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Stop Supreme Sotomayor, Enough Already

Wtch the current confirmation hearings in the Senate for Sotomayor as a new member to the US Supreme Court.  I have watched many of these over the years and the process didn’t really vary much until the Bork hearings in the eighties.  That is when things turned quite nasty and have remained more contentious ever since.   The Supreme Court has had a controversial role in our government from the earliest days of our nation.   Marbury v. Madison was quite the shock and that allowed the intrusion of the Court into the law making process for good or ill ever since.  That case stood for the proposition that the Supreme Court was the ultimate arbitrator of disputes of a even a political nature since it reserved to the Court the power to declare acts of Congress unconsitutional and that there was no appeal from their rulings save and except an amendment to the Contsitution itself.    Many of our Presidents have had their disagreements with the Court and sometimes Congress.  Congress can respond by trying to pass new laws to wire around the troublesome rulings of the Court to thwart the effect of any ruling they find objectionable.   That has occurred on numerous occasions and has accerlerated over the last few decades.   That most recent example is the ruling regarding imminent domain and the new legislation to restrict the right and power of government to take private property after the Supreme Court ruled that power could be used for a private development to combat urban blight.

The Supreme Court has no power or authority other than that of persuasion.  It is the universal respect for the rule of law that gives force to their rulings.  They do not command an army or even a law enforcement agency.  They can only issue orders that other branches of government are required to enforce.   The only blatant example of a ruling of the Court being ignored was by Lincoln.  He simply refused to enforce or recognize a ruling of the Court during the earliest days of the War Between the States.  When the Maryland legislature was convening to meet he was concerned that southern sympathies were very strong there, which they were, and that there was a chance that the legislature could pass an act of secession.  He arrested some members of that legislative body and put them in prison without bail or hearing.   Just like we are doing now with “enemy combatants” t Gitmo.  The case made its way to the Supreme Court and they ruled his actions illegal and that the detained legislators should be released.   Lincoln just ignored the ruling of the Court.  He never publicly commented on enforcing their order, he just did what he wanted and the order and the effect of it was melted away with the passage of time and the trauma of the War.  No other President has been in contempt of an order of the Supreme Court.   The battles that FDR had with the Court are notorious and his attempts to pack the Court by increasing its numbers with his hand picked nominees who favored his socialist agenda were ultimately too much for even his most loyal supporters.

The Court will from time to time embark on writing new law whether we like it or not.  Their worst decisions and the ones that cause the most anguish are of that ilk.   We they stick to interpreting a federal statute or the Constitution their rulings will offend some but generally folks will go along because of that inbred respect for the rule of law.  As a democracy we expect our laws and the laws that emerge from new policies to come from Congress or the State legislatures as the case may be.   They create untold grief when they make new law that is clearly not in the Constitution or Federal statutes.  They have created new “rights” that even a 7th grader can see are not in the Bill of Rights or other amendments.  Those rulings come from the background and biases of the individual judges.   They are the product of their world view, their perception of an appropriate social agenda.  Social engineering should never be their perogative.  I am not sure it should even be the perogative of the legislatures or Congress.  But at least through those processes the people feel as though they had a say in the outcome of events.  The worst thing is to have a judge where you can predict the outcome of the trial from the inception of the suit simply based upon the nature of the case and the litigants before them and knowing the judges political and social views.  School cases, public housing cases, voting cases and others of that stripe are often of this category.  I don’t know about lots of the judges across the land but locally we had a couple of very liberal judges and I was never wrong in predicting the outcome of  certain cases that went before them.  That is terrible.  They would allow “evidence” from experts they hand selected to be introduced that supported their pre conceived notions of society and then rule not on the law but on their desires for a particular outcome.

Sotomayor falls in that category.  Despite her assertions to the contrary it is  plain   how she would rule in certain cases that reached the Supreme Court.  The  firefighters in the Ricci case lost not because of the law or facts but because she didn’t think they deserved to win.  She wanted the City to be able to stiff those white firefighters and employ affirmative action methods to promote minorities.  That is the fact of the matter and we can expect the same from her on the Supreme Court.  We will get exactly her views of the world applied to all Americans and even probably to those that are here illegally.   I don’t like her views.  I would probably be fine with her legal rulings if she would stick to the law.  That is the nub of the matter, she won’t stick to the law as it is now but will bend, corrupt and traduce the “law” to fit her social agenda.  Her agenda is not mine.  Agendas should be determined at the ballot box and never pronounced from the bench.

The ten year Treasury bills have dropped in recent days to 3.5%.  Normally you would think that is good news.  I worry about inflation and that was indicated by the recent run up in interest rates to about 4.0%.  Unfortunately the drop is all about fear, not as a forecast on inflation.  People have gotten so spooked again about the market that they  are buying those bonds as a safety precaution, not an investment.  Our economy needs investment, which the guys in the White House don’t seem to understand.  wwwIt is .olcranky.wordpress.com

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A Federally Owned GM Is An Old Idea–USPS

As Government, Inc. continues its march to convert more and more private enterprise to government ownership outright or a skeleton company that is merely a puppet under government direction it would behoove us to recall a little history with regard to how well the government runs any enterprise.  The Constituion gives the government power to create post offices and to run the postal system.  That was a very useful power and one that was intended to benefit the entire country.  All our post offices were direct government operations for over 150 years.   The postal employees were government employees.  There were a few exceptions along the way like the old Pony Express and some of the earliest air mail systems which were operated by private contractors.   But even those contractors were under the direction and control of the Federal government.  All the expenses and revenues of the Post Office were part of the Federal budget.   If it operated at a loss then the Congress had to specifically fund the shortfall in the next budget.    For the first 60 years or so of our history the Post Office really had no competition in the transmission of communications.  Then came the telegraph.  

The telegraph was the first inroad on the Post Office because it could transmit information infinitely faster but it was expensive.  It was out of the reach of most people and was restricted primarily to business and used by individuals only for very important matters.  That was why receiving a telegram was such a big deal 100 years ago.  You knew a telegram was not to wish you happy birthday.  More likely it was to announce the death of a relative or something else of great import.   Along the way with the Post Office came the unions in the 20th century.  The unions changed the Post Office.  During the mid years of the 20th century the efficiency of the Post Office steadily declined and the costs always increased and at a faster rate than would be justified by inflationary effects.   The unions always insisted on more pay and better benefits and they got them because of their friends in Congress.  After all they represented a sizable block of votes that could be counted on to not only vote their way but to actively campaign and help with fund raising, etc. 

In the ’50’s, ’60’s and even into the ’70’s you never heard of Fedex, UPS or DHL or any other transporter of “mail”.   When they began to emerge in the ’70’s there was a hue and cry from the Post Office and its unions.  They could see the hand writing on the wall.  Those private companies outperformed them by leaps and bounds.  They delievered faster and more cheaply than the Post Office.  Mostly those companies were dependable and very responsive to customer satisfaction.  They cared about their customers.  The Post Office, lead and prodded by its union members, fought hard against these companies.  The PO threatened and indeed brought litigation to stop them from doing business.  The PO contended that under the Constitution and laws that it was illegal for anyone other than the Post Office or a contractor picked by the Post Office to handle any “mail”.  There were allegations of criminal proceedings that could be brought agains these companies and their employees for tampering with the mail.  Today it is still against the law to tamper with the mail or rifle someone’s post box or mail box.   The unions accused the private companies of cherry picking the deliveries and only accepting the items that were profitable like an ordinary first class letter.  The Post Office moaned that it had to accept everything such as third class and advertisements–the so called junk mail. 

Fortunately for all of us the Post Office ultimately lost that bitter battle.  It was very bitter.  Threatening someone with jail is pretty serious especially when there were some members of Congress cheerleading on the sideline.  But public opinion and the law eventually won the day.  Congress made the Post Office the United States Postal Service and took it off the books.  It was supposed to operate at a profit and the Congress would not have to fund it in the annual budget.  Even the other  unions around the country finally backed off from support.  They had threatened all kinds of actions to support their fellow union members at the Post Office.  But the public recognized how terrible the service was from the Post Office compared to the  private companies.  Now all law firms and major businesses routinely use Fedex, UPS or DHL to deliver their documents and communications.  How often do you use them yourself when shipping Christmas presents or birthday gifts to family members?  Have you tried to get the Postal Service to forward your mail after a move recently?  That is a real crap shoot at best.  Notice how energetic those clerks are at the Post Office when you do have to go there to ship something?   Would you hire one of them to work at your business?

Now we have GM.  It is rapidly becoming a Government enterprise.  Its business model will be one imposed by the EPA, Dept. of Transportation and I guess the Treasury or whatever Government entity ends up with the stock ownership.  Do you believe that the future GM will negotiate hard with the unions down the road or cave in every time to garner votes for and support from members of Congress.   Will the future GM even need a marketing department?  What is the point when your product will be mandated from Government, Inc.?  If you think the Postal Service is an icon of business acumen and service for its customers you will love the future GM.

Pundits repeatedly talk about the AIG executives receiving bonuses for companies that had a loss and pound them for being rewarded for failure.  As I have said here several times I don’t like AIG.  Litigated against them a few years back and didn’t like them at all.  However, I have been presented many, many times over my career with situations that were dire.  There was going to be a loss.  I was hired to minimize the loss.  If you are given a project were the potential loss is say 10 million and you work on it and due to your work the ultimate loss is 1 million, that is a pretty damn good job.  I have no problem at all giving someone who performs like that a bonus.  They deserve it.  I don’t know how many AIG people fall in that category but I wish there was more thoughtfulness and less ideological blasts from the pundits about being rewarded for failure.  Not saving all ten chestnuts is a bummer but saving 9 of them ain’t bad.  Of course there is also the small little item of contract rights and property rights that are supposed to be protected under the Fifth Amendment.

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Jobs or Politics? Power and Pandering

Pandering is a legal offense in most States and in Great Britain.  It is the nicer term for pimping.   In politics however we allow the pandering to openly flourish and because so many of us now benefit from Government largese it is even applauded and what’s even more disturbing is that it is expected.  Those who only take but don’t contribute to our economy number in the millions and yet their vote counts as much as those who lift the ax, the hammer or pen and actually produce something for society.  To pander you need a wiling listener and participant just like the con man needs a willing and greedy mark to work his scheme.   The panderer needs to have something to offer and the recipient of his “gifts” has to have the desire to take something that is not really his to have.   The stimulus plan is the largest pandering job yet in US history.  It dwarfs all others.

Olcranky here is beginning to sound like a one trick pony talking about the bailout and stimulus plan but, hey, it isn’t my fault.  The damn stuff is on the news every day and in the headlines.  As more details become known it is quite evident that hypocrisy is running riot.  These monies are going to social welfare programs for the most part to expand their reach and thus control over even larger segments of our society.  More food stamps means more voters dependent on the party granting those increases and likewise with all that urban and housing money being spent.   Even ACORN will be receiving millions more in Government funding.   What is the purpose of that other than to bring in more votes for the party in power?   The people in charge of our Government at the moment harp upon the one theme that the whole deal is about Jobs, Jobs, Jobs.   A couple of thoughts occur to me with regard to that allegation.  First they have it all wrong.  Jobs are the result we want but the process is critical.  The issue should be about business, business, business and industry, industry, industry.  It is business and industry that creates the jobs.   We should be doing the things that enhance the prospects for businesses to thrive and grow and innovate.  That will create the jobs. 

If the only goal is jobs then there is a much easier and cheaper way to go about it and also one that is much more transparent and honest.  Everyone talks about how transparent things are going to be now, well, let’s have some real transparency, starting with the stated goal.   This package is already up to 900 billion and still climbing.  A trillion is going to be the good estimate.   We could wipe out unemployment completely and at astronomically less costs  if we followed my advice.  Why not simply say that anyone, and I mean anyone, who has no job can show up at the nearest Federal facility like a post office, Social Security office, courthouse, etc. and we would hire them on the spot for mimimum wage.  Give them picks and shovels and clippers and rakes and let them all go out and work on the highways, bridges, canals, etc. and clean them up and repair them.  Say the mimimum wage is 8 bucks an hour so you have 320 a week, times 4, for about 1300 call it per month for each worker or about 16000 per year.  Now there is give or take around 10 million unemployed in the country right now.  We could even allow couples to both have the work.   They could earn 32000 a year between them.  That is not living high on the hog but it sure as hell wouldn’t be proverty either.  Ask someone who makes around 20,000 a year now working at Home Depot.  I have rounded off of course.  Do the math and you will see that for less than 20 billion a year everyone could have a job.  We could even guarantee them the job for 3 years.   They could do other projects besides those I listed quickly.  Doesn’t really matter.  They would spend their income and spur the economy according to the bright guys in Washington.  In the meantime Congress could take other action on reducing taxes for businesses that would actually build business  and thus jobs for the long haul.  This minimum wage hiring would be so much cheaper and sure as hell would be more honest.   At least there would be some work done even if it has little value.   Value is clearly not the point in Washington these days anyway.  If jobs is the signal criteria then give them jobs.   Lord just think of the money we could save.  We are talking hundreds of billions.  Exactly, and I mean exactly, what are we going to get for the trillion they are planning right now?   I implore you to look at the details of the plan.  It does create hundreds of thousands of new governement jobs.  It buys votes.  Does it encourage investment or expansion of business?   Either we have a free market system or we don’t.  Let’s not allow the Government to hide behind the rhetoric and disguise their true intentions in proposing this package of Government handouts in a thinly hidden “pay for play” scheme to buy future loyalty and votes for one party.   The issues are too important for our future freedoms.

I don’t like my idea of just giving those jobs and money away to folks who are unemployed.  It is not a good idea but compared to the socialistic expansion of the Federal government it seems a better alternative.  I do feel sorry for those out of work and seeking a job.  I really do.  But I have sympathy with lots of folks for different reasons like those with a serious illness.  I can’t fix all their problems.  Mostly they have to take care of their own circumstances.  We need to provide opportunity and freedom and a fair playing field but otherwise stand aside and let people march to their own drummer, not the kettle beat of bureaucrats.

The Fed has now expanded its asset side of the balance sheet to over 2 trillion dollars.  That has ballooned from just over 900 billion a few short months ago.   Don’t you wish you could add assets to your balance sheet so easily.  How do they do that?  The answer is simple.  They print up more money when they need it.  Boy, wouldn’t that be nice if you or I could simply call our bank anytime we wanted and tell them to add another few thousand of so to our account.   Since we are not on a gold standard, they can do that.   Just wave the magic Federal wand and you have instant money.   Think about it.


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