Categories
Politics

Stock market Crash?

Are we watching the Beginning of a second great depression and is there anything that can be done to prevent it?

We could be about to witness what few people have seen in many years, a second great depression.

But have we not learned from our past mistakes?

 

Perhaps there is a path to avoid this nightmare that is unfolding right in front of our eyes.

The only thing that could help this issue right now is if, the Senate would pass the Cut Cap and Balance deal along with a Flat Tax provision, and a capitol gains tax holiday for new business producers, on flat tax, 15 percent for everyone living 200 percent above the poverty line, 20 percent for all corporations with sales above $250,000.00  the details could be ironed out, later, what we need now is action.

If they do this disaster will be averted, if they do not then we are facing a second great depression.

Support Cut Cap Balance, and Flat Tax.

 

Categories
Politics

US Credit Rating now AA

The handwriting is on the wall now, and if congress and the White-house do not take some action to get a flat tax in place, a capitol gains holiday to those individuals that hire and start a new business, (creating more jobs)  then the stock market will crash to what some are predicting will be around 8000 or slightly more.

It is very distressing and this is not on Bush this is on this administration, Green Span needs to come out of retirement, the treasurer, needs to resign, we need change and real hope not fake hope based on promises that were never kept.

This is on the Whitehouse and that is the fact of the matter.

We need the following from our congress and the White house.

1. Flat Tax

2. Balanced Budget Amendment
    (now not later not next year not next month now)

3. Capitol Gains Tax holiday for business hiring
     and bringing money back into the US and providing
     jobs for at least 6 months.

This is not rocket science people, get it together and get it together now.

This is not acceptable and we must have progress that is in line with the will of the American People.

America has had a AAA credit rating since 1913 and it did not happen until 2011, so you cant blame bush or katrina.

It is time to do the right thing for the American people we need our congress to do the right thing and pass the right bills so that American can get back to the business of what we do best, and that is innovation and creative solutions to complex problems.

This is not what America is all about, The treasurer should  resign right now and the FED chairman need to resign as well.

 Look for serious trouble come Monday, some are saying it could go as low as 7900 but its really anyone’s guess.

The fact is that congress had the chance to act, and you know who is to blame for this mess.

Harry Reid, he is the one that refused to pass the right bills that would have stopped this insanity, thanks Harry, by the way did you get out of the stock market early?

 

 

Categories
Politics

Stock Market slide continues

The Stock Market continues to loose value, leaving some with the odd sense that instability may
be the new order of the day.

Some time ago you may remember that there was a wall street bail out, so where is that money now?

Apparently, we are now in the same boat were would have been only now were broke.

That is a serious judgement issue, simply because like the weather you really cannot prevent a storm from raining on you, in the same way you cannot stimulate fake economic growth, yet, many big name economists said that we had to do the stimulus or it would be really bad.  Well it begins to look like the crisis, crisis, crisis, talks, that was so common two years ago, did no good at all.

Just as the saying goes it rains on the just and the unjust right.

Well on wall street that rain is tears. 

Again, the idea that large corporation have profited for many years, and are moving money over into other markets and jobs as well, seems to be well UN American. Yet they have done it simply because the tax rates are so high in the US that they cannot afford to bring the money back home.  So what could change that, well two things, a Capitol Gains tax for companies that create new jobs, open up new business, build new building employing more people. 

The truth is that unless, there are some serious steps taken by Washington, I.E. (Flat Tax) (Balanced Budget) (Cap Spending)

We will see yet again another frightening day on wall street.

Expect a rally early on, but after about one to two hours, there will likely be yet another slide, where it goes from there is anyone’s guess. Until our congress starts to show some method of developing a serious attitude about solving our debt problems and we figure out a real budget that reflects our new status in this new economy, anything can and likely will happen.

 

 

Categories
Politics

2012

Health care repeal.

A lot was accomplished in the mid term elections and politically things are beginning to heat up.

Candidates are beginning to move into position to begin the long hard drive to win a nomination.

This is sure to be an amazing and historic event, there are many indications that politically Washington may have moved so far to the left in the first two years that they may find it difficult if not impossible to get far enough back right to make a change in the voting population.

It was evident in the speech when we were accidentally, (allegedly) some say to America having a sputnik moment, which could be termed revisionist at best and just a terrible idea as worst, ( I mean what were they thinking ) Still hopefully they will keep on doing the things they have been doing, refusing to listen to the American people.

Not caring if they are so out of touch with America that they can no longer hold even a conversation with a voter.

That would be fine, because in that event, they will not win a second term.

However, if they realize just how far they moved away from the will of the Average American, and too far to the Left of the Socialist propaganda, then it could be close.

There is really only two things that will get the democrats back into office for a second term and it is very doubtful they will recognize how to do this.

1.  Reduce all Capitol Gains Taxes by 50%  for one year, (then for new business allow a tax credit for new hired employees, in the second year)

2. Cut spending on all non essential programs, by 35 percent, (then reduce the amount of all foreign aid by 50 percent)

If they ever realize that if they did this, the economy would rebound and the dollar would gain in value, the unemployment rate would drop to 8.5 in just a few months, in those circumstances, it would be almost impossible to stop a second term.

The funny thing is that even if they knew this they would not do it, simply because they are so proud of their own intellect, that they would not do what is best for the United States, even though that is what they promised to do when they swore an oath of office.

They think they are so smart that they do not have to abide by the same rules of the economy that we have enjoyed for more than 200 years, yet, it is right in front of them, history has demonstrated over and over again, that this would work, and while it may be difficult on some people, perhaps a lot of people, a second term of the same thing as the first, would be the end of America as we know it, it would be the end of the constitution as we know it.

So here is to hoping that they do not wake up and realize that they have it in their hands to win the election, if only they could over come their pride.

Pride is a difficult thing to swallow, and allegedly it is impossible for this administration to do at all.

So, were waiting for 2012 because the next wave of cowards and liars will be voted out of office.