Earth Day and farm subsidies

The greenies rejoice in this day.  However, they talk about recycling(which in many cases is actually WORSE for the environment), battery powered cars (which are actually worse for the environment than clean modern diesel cars) and just feel happy and …

Contributions to Society

There is a throwaway line used by socialists to inject guilt into the conversation when talking about things. What is the “contribution to society”? To be blunt, that’s a line that is full of BS. The chancellor, Alistar Darling used …

Tax the Banks!!!! Not.

Great Britain’s Prime Minister Gordon Brown has called for a bank tax.  Now the IMF is calling for a bank tax.  This is a far reaching tax.  It is a tax on productive capital and will decrease GDP across the …

Dodd bill-Part 2, OTC markets

The Dodd bill attempts to tame over the counter (OTC) markets with more regulation.  They also aim to transfer much of the trading from a B2B business model and put an intermediary in between each of the B’s.  B to …

Gross-Gangster Government at it's Finest

YouTube – Rush: White House buys SEC & Goldman Sachs search keywords Click the link and listen.  Pretty gross.  Obama purchases the Google search, “Goldman Sachs SEC”; so when you search that term, you are redirected to the site of …

Dodd Bill Front and Center

The debate over the highly bureaucratic and highly regulatory Dodd bill has begun. Unfortunately, Senators don’t look at things from different angles. This bill does nothing for market structure. Market structure changes would re-align incentives causing the market to be …

Is the US a sort of Roach Motel?

Immigration is a big hot button issue in some states, especially those along the southern border of the US. However, does anyone ever look at emigration from the United States? Now that we are on the road to western european …

Figure of the Day 18, 32 times

According to the Washington Times, President Obama teed it up instead of doing anything meaningful in place of going to the Polish President’s funeral.  The volcanic eruption in Iceland made it impossible for Air Force One to get him there. …

Choice, or no choices; It is the crucial question

Congressman Peter Roskam made a great point when giving House minority whip Eric Cantor a tour of Chicago. He said that the debates we are having regarding health care, and now the financial regulatory bill are about choice-which translates to …

I am a Victim of Discrimination-need government help

The government nanny state is there to help the least. I have joined them. Alas, through no fault of my own, I am being discriminated against. My human rights are being violated. I need help from a regulatory agency, or …

Figure of the Day=$22,000/kid

New Jersey Governor Chris Christie is interviewed today in the Wall Street Journal.  New Jersey is under the gun.  Spending was out of control, they have high taxes and there is a monstrous, seemingly insurmountable budget deficit.  Christie is skewering …

Goldman, Fraud

Goldman was just accused of perpetrating a fraud in the subprime mortgage debacle.  A part of me is giddy.  In various articles and blog posts I have beat the drum that the ethics of the investment banks were not the …

Update on the VAT tax

The Wall Street Journal has a nice article on the value added tax(VAT) tax today.  A couple of things you can draw from the table. First, VAT taxes never go down, they aren’t small, and they don’t preclude government from …

Figure of the Day-Happy Tax Day

Already, many taxes have gone up since November of 2008 thanks to your democraticallysocialist controlled federal government. At the link, you can see a list of them. These tax hikes, along with the expiring tax cuts in 2011, are the …

Bank Bill Working Its Way Through Ag Committees

I am no fan of the current bill pending through Congress regarding banking regulation. I can’t think of a worse way to penalize capitalism in America. Bank taxes, new layers of unneeded regulation. The whole thing should be thrown out. …

Figure of the Day, 40 for Haiti

This upcoming Sunday, April 18, a bike shop, Higher Gear, in the north suburbs of Chicago is having a charity bike ride. Go there and ride if you can. They have set up a 20 mile loop course. We are …

Another Conspiracy

The right wing blogosphere is in a tizzy over the whereabouts of POTUS for one hour. Obama ditched the press to go to one of his kids soccer games.  Now, blogs are writing about it.  Well, it is a bit …

Your Jacket is Your Office

Creative destruction happens all the time in highly competitive capitalist societies. Even the age old pit trading had innovation. Everyone used to use blank cards, and eventually everyone used “dupe” cards. Pre printed cards with duplicate sheets so you didn’t …