Tag archive for ‘Howev’
Joe the Plumber… why Joe matters…
Joe Wurzelbacher, simply known to most of popular America as “Joe the Plumber,” ignited a firestorm by asking Sen. Obama on the campaign trail a simple question, why should I give the government more taxes?
When the facts matter - Democrats lose elections…
Obama shouldn’t be winning. His policies are all wrong and backwards for America. The voters who matter know this - however - they’re so disgusted with Republicans, the facts just don’t matter.
Stock Market Meltdown, Bank Failures, and Recession! Oh my!
Last week, the stock market shredded almost 20% of its value, and briefly looked as if the Dow Jones Industrial Average would march to 7000, a number that would bring the market’s value down to almost 50% from its high a year ago. Panicked investors continue to be frenzied as they worry about the value of their 401K’s, IRA’s, and government savings plans, selling in droves and fleeing for the safety of US Treasury Bonds; bonds which are almost worthless in their yields at the moment as demand for bonds far outstrips supply. In the time of market panic - cash is king. Many Americans are asking, however, why this is happening? They were told the Bail Out “rescue” plan would avoid Financial Armageddon! Why then does the market continue to be driven downward, and the credit market continue to be seized?
US and World Markets fall and Congress looks for blame.
Today’s markets plummted around the world reacting to the bailout bill, worries about the broader credit markets, and the lack of reaction by most Western governments to what is undoubtedly a broadening financial crunch around the world. Panic swept through the world’s financial markets, wiping $2.5 trillion from share values, amid concern that regulators and politicians were struggling to get a grip on the worsening crisis of confidence.
Bail out on the bailout
Put simply - the problem with the bailout is this - who are we bailing out, exactly, with the current Bill (HR 1424)? The now 420+ paged monstrosity includes things such as tax breaks for employers who encourage their workers to take bicycles to work, a 2500+ dollar tax for electric vehichle purchases, an alternative fuel tax credit, credits for biodesiel and alternative fuels, credits for carbon dioxide sequestration, credits for geothermal heat pumps, tax breaks for the steel industry, changes to the Alternative Minimum Tax system, oh and among my personal favorites, a seven year amortization table for the expenses associated with development and running a motocycle racing track. Yes, you heard me - motocross racing tax provisions.
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