Thursday, December 14, 2017

Giving thanks this Thanksgiving

Posted on November 27, 2008

Today, I wante to point out that while the economy is in the tank, unemployment is at it’s highest level in 14 years and we are faced with a $7 trillion dollar tab for a someone else’s party, we still have a lot to be thankful for this Thanksgiving.

While I watch the news this morning and see the terrible events taking place in Mumbai, India I am comforted knowing that here in the United States we have a system in place that has prevented an event like this taking place on our homeland the last 7 years. As much as the bad guys would love to be able to strike us on our own soil, they have been thwarted by the security system that has been put in place since the trajic events of Sept. 11, 2001. No matter where you stand on the political stage and now matter how much you might hate the current President and his policies, he and his policies are soley responsible for keeping us safe the past 2,632 days.

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Presidential Pardons

Posted on November 26, 2008

Today, in the headlines I read that President Bush has granted 16 pardons and 2 commutations of sentences to date. Two of the sixteen pardons came today as he pardoned the two White House turkeys, Pumpkin and Pecan. With times being what they are these days, perhaps it would have been better to see the President have the birds executed as planned this year and given to needy families for Thanksgiving Dinner. But instead, these two fowl smelling convicts were given a police escort to Dulles International where they boarder a United Airlines flight deemed Turkey-1 and flew fist class to the Disney Land Resort in Florida where they will live out the remainder of their lives in luxury, on the public dime!

How is this, in any way, representative of what is best for this country. Here we are one the verge of another Great Depression with families being kicked out of their homes or sacrificing food so they can pay the mortgage instead. These to jail birds would have made a few families a nice feast since they both tipped the scales at 45 lbs. In my household, we typically get a 20-25 lb. bird and we have leftovers for a couple of weeks. I can’t imagine how far a 45 lb. bird would reach.

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Bail-Out

Posted on November 26, 2008

Where do I start with this? It seems the word “bail-out” is the most popular phrase in government these days. While our economy continues to slide down the hill into the abyss, the government insists on running up the dept in order to “stimulate” it. I just saw one figure that estimated the total costs of this “welfare” package could reach or exceed $7 trillion dollars. That’s correct, $7 TRILLION DOLLARS! Let me put that into perspective for you; 7 trillion seconds ago the year was 211 B.C., 7 trillion dollar bills lined up end to end would wrap around the globe more than 27,241 times, 7 trillion dollar bills weigh more than 7,709,251 tons!

Does this “bail-out” make sense to anyone else but those writing the checks and those with their hands out? I don’t see how giving money to companies, who’s poor management and leaderships team have put them in their current position, is going to solve anything. All I see is us, the taxpayers, investing good money in a bad deal. If management changes aren’t made immediately in these companies, what is to prevent them from ending up back at the well asking for more? In one word, the answer to that question is “nothing!” We have already seen this with AIG. The problem with this approach is we will have so much money invested in these companies that if they do continue to lose money, we will not be able to let them die on the vine like they should but rather will be required to invest more in the hopes of preventing the loss of our initial investment of billions. The phrase for this is “throwing good money after bad.”

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