Random thoughts from a warped and fevered mind...
The Administration is attempting to craft a new stimulus bill to be introduced at the next legislative session. Not much is decided about what could go into the bill except this: taxes will go up for individuals that make more than $200,000 and families that make more than $250,000. These taxes ostensibly will help pay for some of the dollars allocated to this and previous bills. This is an example of what happens when policy is crafted without real world experience. Without a doubt, individuals and families will engage in tax avoidance behavior should their taxes go up, whether it is working less hours or finding legal ways to shelter income. Unfortunately, the current team of economic advisors to the President comes from academia. That is not a bad thing, but a lack of real world business experience is detrimental to crafting an effective fiscal policy. Only two of the President's economic advisors have real world business experience. What looks good in the classroom or in theory often does not translate well to the real world of working America. Raising taxes in the midst of a recession will make the recession deeper and forestall the recovery.
My mind works like lightning- one brilliant flash and then it's gone.
One often gets the feeling that the mainstream press has a liberal bias. Data recently compiled by the Center for Responsive Politics gives credence to that feeling. According to the CPR, senior executives, producers, reporters, and on air personalities of ABC, CBS, and NBC contributed more than $1 million dollars in political contributions to Democratic candidates in the elections of 2008. These contributions were given by 1,160 employees of these networks. Contrast that with the contributions given to Republican candidates. 193 employees contributed a total of $142,863. There is no problem with these individuals contributing to the candidate of their choice. For the networks to promulgate their neutrality is a sham, however. One can view the nightly news and see the slant is to the liberal causes. Always follow the money to see where the influence resides.
I can safely say I am not part of the problem. I am the whole collection.
A lot of my posts recently have focused on not so good economic news. Now I'm going to change direction. All of us are getting older and can't do some of the athletic things we could do when we were younger. So, I have some new games that we can all play as we age. They are:
- Sag, you're it
- 20 questions- shouted into your good ear
- Hide and go pee
- Red Rover, the nurse says bend over
- Pin the toupee on the bald guy
- Simon says something incoherent
- Musical recliner
- Kick the bucket
And that, my friends, is my view.