Tag: money
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GM Surprise (or not)
Back at the end of March David Brooks made a prediction for GM in the New York Times that came due today. I have been waiting to check in on that. He started with this background of the situation as it stood that day: The Bush advisers decided in December that bankruptcy without preparation would…
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An Unbiased Perspective
Admittedly I am a person who does not believe that anyone is unbiased – and I’m fine with that. The closest a person comes to unbiased is when they can state a position which contradicts their biases or while acknowledging how that position does not support their biases. When President Obama said that $100 Million…
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Tea Party and Town Hall
The real effectiveness of the tea parties is not likely to be known for some time. Two days later various factions are still trying to sort out what actually happened and what it all means. I am encouraged by the prospects that it will turn out to be more than a short-lived release of frustration…
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A Currency All My Own
I really enjoyed Scott’s introduction to different currency types. It’s a great introduction to the differences between fiat currency, commodity currency, and representative currency. Coincidentally we have implemented a new representative currency in our household in an effort to teach our children about money and work. Personally I think that the commodity backing our currency…
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New Government Website
In keeping with his propensity to launch new .gov websites (e.g. change.gov, recovery.gov, sigtarp.gov) President Obama has launched a new website where he can share some ideas that he knows won’t pass any Congress (Democrat or Republican) no matter how sound those ideas might be. It’s called AprilFools.gov. He includes ideas that are possible but…
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Two (or more) Wrongs Don’t Make a Right
I was listening to Peter Schiff’s Wall Street Unspun for this week and he said something that cemented a change of perspective I had been considering regarding the AIG bonuses. I had been thinking about this idea of taxing the bonuses at 100% and relizing that it amounted to an ex post facto law –…
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I Missed An Option
When I listed the options yesterday for how to deal with the AIG bonuses I obviously missed one. One member of the house thought up the idea that we could tax AIG bonuses at 100 percent. The beauty of his bill is that it is written to apply to large bonuses at any company receiving…
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“Our Hands Are Tied”
Despite rumors to the contrary, this country is still based on the rule of law – especially when the law favors a guy who has a "bonus" in excess of $6 Million dollars coming to him. By now almost everybody has certainly heard about the $165 Million of bonuses being paid to AIG execs. In…
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Define “Change”
I have come to the conclusion that I should not listen to national news – it just gets me agitated. I was driving home listening to NPR and was treated to actual soundbites from the rallying speech that President Obama gave to the Democratic caucus meeting. I had head about that, but hearing these gems…
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Disturbing Trend
I want to be supportive of our President. I just want to make that clear because I don’t expect this post will convey that feeling. I’m sure part of it is the spirit of partisanship, and part of it is the media propensity to focus on the scandalous, but I don’t think that any other…