Thursday, October 16, 2008

Bad Politics

The following does not apply to those Republicans that are educated, thinking individuals.

With reference to the story about the visceral material distributed by elements of the Republican Party; I have acquaintances (formerly friends) that insist on forwarding the most degrading, bigoted, and just plain stupid remarks and illustrations of Barack Obama. They are generally based on ignorance of the facts and are meant to incite me by racist comments to vote for Senator McCain.

I can easily put them into the spam folder on my computer, but to think that these individuals are leading Republican Party groups is shameful and Senator McCain should repudiate those members of his party that participate in these actions.

Thursday, October 09, 2008

Dear Republican

To all Republicans

You had eight years to straighten out the country. I want to congratulate you on a task well done. You have succeeded where no others have dared to go.

Thanks for a war that achieved nothing of significance and letting the terrorists escape. You have improved the expectations for the retired, I always wanted to try my cats food, now I have a chance and my cat is too fat anyway. The stocks that I invested for my retirement have all but disappeared along with the jobs they provided.

The bottom line is that your economic philosophy has bankrupted my country and is bankrupting me and my family. I am looking for a corner to sell the few oranges that grow in my back yard. I will help the economy by growing my own food but I am having problems finding space for the chickens and cows in my backyard.

Wake up before you had better learn to love rice three meals a day and are owned by China.

Tuesday, October 07, 2008

How to get out of the swamp

I think that the financial genius in Washington needs to allow credit to low again and to do something with mortgages that can't be paid. My suggestion is for the fed to buy home mortgages in foreclosure at market rates and then refinance them with an equity sharing note. If the house is sold, the government will get a share of the gain (sell price - cost basis).

There should be no free lunch.

Monday, May 28, 2007

What are the effects of high gas prices?

There is no point to consider the price of gasoline based on the price years ago. First, let us remember that the price of crude oil is being set by a cartel (OPEC), one that our government has been supporting in the belief that we are buying friends. A foolish task since our supposed friends has turned out to be (Al Kida from Saudi Arabia, Iraq, Venezuela, Russia etc).

We collectively have helped support the high price of oil by refusing to conserve gasoline, buying gas guzzlers, not using public transportation.

Now we are pursuing ethanol as a cure all. Unfortunately the government has decided to pursue using corn as a feed stock (possibly as a bid to get votes from the farm states), instead of buying ethanol from Brazil at a more completive price. As a byproduct of using corn, we are raising the price of food to unprecedented levels. Since so much of our food supply is based on corn. Think of beef, chicken, carbonated drinks, cereal. Food crops have been displaced by farmers growing corn instead of other crops. Now we have not only the high price of gas but also a big increase in the price of food.

I think we must take the lead and pressure the government to allow ethanol from Brazil without the high import duty. We should also buy cars based on their gas mileage instead of the number and size of cup holders. Truck traffic should be allowed on the road during slow periods and truck only lanes should be provided to allow port traffic to keep out of the way of commuter traffic. Train traffic should be better coordinated to minimize congestion and overpasses should be built to separate car and train traffic.

We need to act now, before we destroy our economy and enter a recession.

Wednesday, April 25, 2007

Alternative Minimum Tax Time for an update

I agree with Representative Bono’s comment that the Alternative Minimum Tax (AMT) needs to be changed. The tax was originally designed to force taxpayers that receive large amounts of money and do not pay any income tax to pay a minimum amount of tax. It now has become a burden on many low income taxpayers because the AMT tax has not been indexed for inflation.

As an example, before the AMT went into effect a taxpayer could have received millions of tax free income from tax free municipal bonds or from tax avoidance schemes and pay no income tax whereas someone working at a job and receiving a 1040 tax statement must pay tax on small amounts of income.

Bono’s solution is to return to the old system of not taxing individuals that receive large amounts of tax free income. This is typical of the Republican Party’s philosophy of allowing the rich escape the tax burden and transferring it to the middle class.

The AMT should be retained in its original form and indexed for inflation. In fact, I would go even further and support legislation that would tax all sources of income above a minimum amount. Income is income no matter where it comes from.

Friday, March 09, 2007

What now Ollie?

It seems that every day more bad news about the administration in Washington (President Bush or his appointees) is being revealed. The worst by far, is the treatment of returning disabled soldiers by the military and Veterans Administration. We sent these men and woman overseas to fight in Iraq and Afghanistan, and if injured, are returned to the US for care. Now, you don’t need to be an actuary to realize that if we send soldiers to war, there will be casualties and a need to hospitalize and treat them.

Our soldiers have been in active combat for over four years. Why didn’t the administration budget for, and provide funds to properly treat our returning soldiers? Is the president thinking about falling on his sword for the incompetence that is prevalent in his administration? He seems to make political appointees that are unable to perform their jobs. Political or religious philosophy is the only basis for appointment to a government job. From Supreme Court justice to the lowest political appointment the candidate must be vetted for both political and religious views.

I think it’s time we voted the leadership of the Republican party out of office and give some new candidates the opportunity to return our government to a philosophy of ”by the people and for the people”.

Tuesday, March 06, 2007

No drivers license and can’t read English

No drivers license and can’t read English

No drivers license and can’t read English. The result was a collision with a metro link train and a life lost. Before we consider giving a drivers license to a non English reading and speaking individual, the state must consider the danger that they are allowing to roam our streets and highways.

The same thought should apply to allowing Mexican truck drivers to drop off and pick up loads on our streets and highways. Can they read and speak English? Do the trucks and divers carry insurance in the event they cause injury or physical damage? Do the trucks burn low sulfur fuel or are they going to add to the pollution and particulate problem? Are the trucks safe and the drivers skilled enough to drive our freeways?

Is the administration (President Bush) willing to sacrifice our health and welfare in the name of NAFTA. I would expect that before any Mexican truck is allowed to freely roam the highways and byways of the United States they are inspected for having a qualified English reading and speaking driver, adequate insurance with a company based in the United States, and a safety inspected truck burning low sulfur fuel.

If the administration can’t insure these minimum requirements, then Mexican truck drivers should be banned from United States roads.