Category Archives: Economy

It is no longer someone else’s mess

Every President, except for George Washington, inherited something from the previous administration. Sometimes this is good and sometimes it is bad.

President Barack Hussein Obama has been talking for quite some time about the “mess” that he inherited from George Walker Bush. He has made references to mops and other allegories to describe the challenges that he has faced. While that is all well and good for the first few days of the Presidency, at a certain point BHO needs to own the problem.

That day is today.

There is no defined time for the honeymoon period of a new candidate. Most people felt that September 11, 2001 was close enough to the inauguration of George Walker Bush (just under 9 months) that the attacks on that dreaded day were at least partially the fault of William Jefferson Clinton. The honeymoon is certainly longer than the first 100 days that are all the talk at the beginning of a term. Everyone seems to agree that it doesn’t extend beyond a year from the date the person is elected.

Healthcare for illegals

First, let me be clear, I think that Rep. Wilson of South Carolina should be censured for his outburst while President Barack Hussein Obama was speaking in a joint session of Congress. He reminds of irresponsible brats such as Kanye West. Public outbursts while the President is speaking are simply unacceptable in any format and definitely not allowed in a joint session of Congress.

I do think that it is interesting that the rude outburst occurred due to a statement from BHO regarding healthcare for illegal aliens. There is a reasonable argument that BHO, while perhaps not lying, was not telling the complete truth. Check out this interesting video below and then read the rest of my comments.

 

You want change – you can have change

I received this as a “joke” email today from a friend that is quite conservative in his political beliefs.  I thought it was a unique commentary on the state of our nation.  I find it refreshing that this email doesn’t blame President Obama for the solid state of the economy but instead is complaining about him adding to the problem.

 

Dear Employee: 

As the CEO of this organization, I have resigned myself to the fact that Barrack Obama is our President and that our taxes and government fees will increase in a BIG way. To compensate for these increases, our prices  would have to increase by about 10%. But since we cannot increase our prices right now due to the dismal state of the economy caused by banks that can’t run an effective business, we will have to lay off sixty of our employees instead.

Why we shouldn’t regulate venture capitalists

With any downturn in the economy, there are always new rules and regulations that are discussed or passed to prevent the previous calamity from occurring again. The same is true for this latest downturn with a variety of efforts and attention being shown to the banking and mortgage industries.

Now attention is also being shown to the venture capitalists. This is not necessary. Nothing in this current downturn can have VC activity pointed to as the cause. In fact, VCs are fairly well self-regulated by the activity of the stock market and they take a sizeable set-back when the tech bubble bursts (most notably in the early part of this decade).

No VC is too big to fail and no VC has a huge majority of the market. It simply doesn’t make sense to overly regulate this industry when so much of what we enjoy on a regular basis is the result of VC activity (nearly the entire IT industry including the technology that makes this blog possible and your ability to read it).