Tag Archives: tax

President Obama pitches Chicago for the Olympics

Currently, President Barack Hussein Obama is planning on going to Copenhagen to be a celebrity pitchman for the city of Chicago (and America in general) for the home of the 2016 Olympics. While there is plenty of controversy over this decision since there are probably hundreds of movie stars and celebrities that could be tasked with helping the cause, the concern that BHO is too busy to go is probably not relevant.

Currently, every head of state for a city that is in the finals is visiting the IOC.  BHO’s lack of attendance would be telling if he did not go.  If BHO stayed home and spent more time socializing our economy, he would be vastly criticized if Chicago lost their bid. It is the sad state of Olympics politics that the head of state needs to be involved in order to win since Blair did that 4 years ago to secure London’s hosting spot.

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).

Articles that I have read that are interesting – July 28, 2009

38 ideas for stimulus bill revisited

I am not a big fan of federal government spending.  There are few times when I think that the government can do a more effective job of spending than my local municipalities where they are far more accessible to my influence.  However, the current economy definitely needs a kick-in-the-butt and so I supported the stimulus bill (now called “Economic Stimulus Package Act of 2008“) if it really is going to be used for getting things done on a local level.

I wrote about this back in February in my article “38 ways to fill the stimulus bill with pork and save our economy“.  I still question that the stimulus is being adequately implemented but an article in the Sunday edition of the Cincinnati Enquirer gives me some hope.  This is exactly what we should do as a stimulus – create hundreds of small projects that will get people in the local communities working.  I only hope that most of the jobs the article cites were contractors as opposed to government workers.  As contractors, this will insure that these entrepreneurs stay in business and can augment this public money with some private sector jobs and keep these workers on their payroll.