If you have the stomach for it I would encourage you to take the time to review the recently U.S. House-passed HR 1 or President Obama’s “American Recovery and Reinvestment Act of 2009.” As WCCO radio show host and WCCO-TV anchor, Don Shelby in Minneapolis commented on his radio show this afternoon, “it’s full of garbage.” (more…)
Archive for January, 2009
I must confess that I did not vote for President Barack Obama. It had nothing to do with his race or ethnicity, or even his political party. My decision not to vote for him was quite simple. After researching his politics, voting record, accomplishments (or lack thereof) and his moral, philosophical and religious views I determined he was by far not the best person for the job. (more…)
Are you one of those people who got caught up in the spending frenzy of the last few years? Did you buy big ticket items like an SUV, a boat, a cabin, a condo, or upgrade your home to one more luxurious with money you neither had nor could afford to spend? (more…)
Many wonder why Israel and the Palestinians or Israel and Hamas cannot just sit down together and “hammer” out a reasonable peace agreement that all concerned can feel good about and keep. A number of such agreements have been brokered over the years to no avail. Why? (more…)
Spend, spend, spend. Borrow, borrow, borrow. Waste, waste, waste. No person or entity – company, agency or government – can do one or two of these, much less all three year after year, decade after decade and expect to come out on top in the financial game.
By all measures it looks like the financial malfeasance of the U.S. Capitol Hill gang has come home to roost and is pushing out all the little chicks. There is much finger pointing to go around and one could lay the blame at any number of doorsteps. But let’s look at a few common sense ones that any 5th grader could deduce the obvious answer. (more…)
Do you think the politicians in Washington have received the message that our economy is in shambles? Two million jobs have been lost; 2.2 million foreclosures in 2008; unemployment continues to rise; retirement nest eggs smashed and an estimated $30-plus trillion in market value lost in 2008. (more…)
Watching tonight’s national news the lead story was the Israeli invasion of the Gaza Strip in an effort to wipe out the Hamas terrorist organization. Of course, this most recent military activity by Israel – as has all its other incursions – has brought worldwide protest and outrage by Muslims and some non-Muslims. This outcry of indignation calls for Israel’s defeat or even annihilation, or the call for the Jihad against Israel. How dare Israel defend itself against the daily rocket attacks, suicide bombings and other acts of terror perpetrated by Hamas and other Islamic terrorists.
Where is the pitched outcry of outrage from Muslims and non-Muslims when Hamas is lobbing thousands of rockets into Israel – even after they gave their word they would not? Israel has tried desperately to live at peace with its neighbors for decades. But the majority of its neighbors who are Arab Muslims will not be satisfied until Israel and its Jewish citizens are obliterated from the face of the earth. Mideast Muslims who hate Israel and all it stands for have broken every peace treaty negotiated since the establishment of the new Israel in 1947.
I go on the principle that a public debt is a public curse.
James Madison, 1751-1836
Don’t be fooled by the mini stock market rally of late. The burden of debt (personal, business, state and federal) will continue to weigh heavy on the U.S. and world markets for 2009 and the forseeable future. (more…)