SIDEBAR
»
S
I
D
E
B
A
R
«
Cheer Up! 17 Reasons It’s a Great Time to Be Alive | Reader’s Digest
Mar 20th, 2012 by Mike

Do you ever get depressed reading or watching the news or discussing current events with a neighbor or friend? I do sometimes. Maybe the problem is with the source of our information. Optimism doesn’t sell newspapers, get viewers, or win elections.

We’ve been lied to, folks. Things are better than they were 50 years ago. The gold old days weren’t as good as the good now days.

Check out Matt Ridley’s article in the April Reader’s Digest:

Cheer Up! 17 Reasons It’s a Great Time to Be Alive | Reader’s Digest.

© 2012, J. M. Erickson. All rights reserved.

Oh, Good. Another Bailout
Dec 9th, 2009 by Mike

President Obama announced another bailout. It’s not likely to work, but he has to do something besides blame the “previous administration” for the economy.

Here’s why government spending won’t fix the economy: Government money has to come from somewhere.

  1. Taxes. Taxes come from the economy in the first place, so the net effect of government spending from taxes is zero.
  2. Borrowing. Sure that puts extra money in the economy, but because of the interest, each dollar spent is worth less than a dollar.
  3. Printing. Each extra dollar printed reduces the value of all the dollars already in circulation. Thus, each dollar spent is worth less than a dollar.

Government spending doesn’t create new wealth or extra jobs, it just redistributes money from those who pay taxes (or loan the government money) to those who help politicians get elected.1

© 2009, J. M. Erickson. All rights reserved.

- - - - - footnotes - - - - -
  1. I had a little help here from Glenn Beck’s Arguing With Idiots. []
Government at Work
Oct 27th, 2009 by Mike

USA Today reports that the contractors who spent 16 billion dollars of the stimulus package created 30,383 jobs!

Incredible, the stimulus package is working. It only cost $528,610 per job. If the rest of the package is as successful, the stimulus should create just over one million new jobs.

Let’s turn over more stuff for the government to run.

© 2009, J. M. Erickson. All rights reserved.

CORA
Oct 27th, 2009 by Mike

Scene: A senior couple reading the newspaper over a morning cup of coffee.

She: So every year we get a C.O.L.A. to offset inflation…what happens if there’s no inflation?

He: We gat a C.O.R.A.

She: What’s that?

He: Cost of Re-election Adjustment.

© 2009, J. M. Erickson. All rights reserved.

Cash for Clunkers
Aug 3rd, 2009 by Mike

Anyone out there taken advantage of the cash for clunkers program?

© 2009, J. M. Erickson. All rights reserved.

Are You Ready?
May 29th, 2009 by Mike

Sung to the tune of “Are you ready for some football?”

Are you ready for the VAT tax?

© 2009, J. M. Erickson. All rights reserved.

Inflation
Mar 28th, 2009 by Mike

Last month Comcast changed their bills to full color. This month they raised their rates.1 I guess they figure if they look cool we won’t notice the rate increase.

© 2009, J. M. Erickson. All rights reserved.

- - - - - footnotes - - - - -
  1. Perhaps to pay for the full color. []
Another Trillion
Mar 23rd, 2009 by Mike

A trillion here, a trillion there, pretty soon you’re talking about real money.1

© 2009, J. M. Erickson. All rights reserved.

- - - - - footnotes - - - - -
  1. Paraphrased from the original Everett Dirksen quote []
Recovery Website
Feb 17th, 2009 by Mike

Hey Folks, in case you’re interested in the government’s massive bailout, there’s a website available. Here’s a quote from Recovery.gov:

Recovery.gov is a website that lets you, the taxpayer, figure out where the money from the American Recovery and Reinvestment Act is going. There are going to be a few different ways to search for information. The money is being distributed by Federal agencies, and soon you’ll be able to see where it’s going — to which states, to which congressional districts, even to which Federal contractors. As soon as we are able to, we’ll display that information visually in maps, charts, and graphics.

There’s even a link to the actual bill that President Obama signed today.

Ok, time for some reading.

© 2009, J. M. Erickson. All rights reserved.

Gas Just Keeps Going Up
Feb 16th, 2009 by Mike

When oil prices are going down (around $34 a barrel Friday) how come gas prices keep going up ($.35 since Jan 1)? Turns out that the $34 per barrel is for West Texas crude and they’re not making much gas from it. Instead, we’re getting gas from inferior oil imported from Canada, Venezuela, Saudi Arabia, and others. That oil is much more expensive, about $7 more per barrel not counting transportation cast, than West Texas crude. Why are we using foreign oil instead of West Texas crude? We don’t haveĀ pipelinesĀ in place to transport the oil out of the Southwest.

Is there any money in the massive bailout bill to build pipelines?

© 2009, J. M. Erickson. All rights reserved.

Bailout
Feb 10th, 2009 by Mike

Looks like the market today didn’t believe the hype about the bailout stimulating the economy. Or was it something else?

© 2009, J. M. Erickson. All rights reserved.

SIDEBAR
»
S
I
D
E
B
A
R
«
»  Substance:WordPress   »  Style:Ahren Ahimsa

Bad Behavior has blocked 551 access attempts in the last 7 days.