Economics

You know that tax break of $7.69? The IRS wants some of it Back

By TomTGRWolcott | May 1, 2009 |

Remember how kind and generous we all thought the young President was being when we got that swell tax cut of $7.69?  Yea  the one that increased the amount of your weekly paychecks.  Well , Huston, we have a problem. The Ap News reporting today that the tax credit was going to provide up to…

No More Carbon Dioxide, Part II

By SoundOffSister | April 29, 2009 |

Do not feel safe with the knowledge that Congress is trying to work out a compromise on the Cap and Trade energy bill.  I know some are thinking that, if the compromise bill is passed, at least for the moment, this country won’t be brought to its knees.  You think, as this administration wants you to, that…

Swine Flu name change: Change you can count on!

By Jim Vicevich | April 29, 2009 |

Tom Vilsak, former Governor of the hog capital of the world, Iowa, thinks a name change for the swine flu might be appropriate right now … how about H1N1. Why? Pig farmers of course.  httpv://www.youtube.com/watch?v=M-HYR8YYd7U OK .. it’s not swine flu anymore … and its not a war on terror either, or enemy combatants. Change you can count…

No More Carbon Dioxide

By SoundOffSister | April 27, 2009 |

So, hold your breath folks, both literally and figuratively.  A week ago Friday, we learned that that the EPA has declared carbon to be a “dangerous pollutant” that endangers the public, and thus, needs to be regulated.  That, of course, includes carbon dioxide.  In passing, I wonder why all of these important decisions affecting all of us always seem to magically appear only…

Let’s take all their money

By SoundOffSister | April 26, 2009 |

A caller on Friday’s show asked an interesting question about confiscating all income made by people earning more than $1 million in this country.  I believe his question was, if that were done, how long could the government operate? It should come as no great surprise that the answer is, not long.  I can’t brake it down into…

Obama campaign pledge #104 expires – NAFTA

By Steve McGough | April 24, 2009 |

This seems to be a weekly thing, if not more often. While pandering to unions and the left during the campaign, Obama clearly stated that the United States needed to revisit the North American Free Trade Agreement (NAFTA) deal since it was clearly not working. Campaign pledge on Feb. 23, 2008 expires in 422 days.…

When Geithner speaks – stock market reaction

By SoundOffSister | April 22, 2009 |

Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”?  Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…

It would cost the federal government zero – GSA insurance for municipal bonds

By SoundOffSister | April 19, 2009 |

Well, that’s what Barney Frank (D-Ma.), House Financial Services chairman, says about a new program he is pushing.  Although, I doubt you have forgotten, this is the same Barney Frank who said, a few years ago, that Fannie Mae and Freddie Mac were in excellent shape and would never cost the taxpayers anything. He was wrong…

Recounting, not rewriting, history – the Great Depression

By Steve McGough | April 17, 2009 |

Even though I have two books on the desk that I have yet to finish reading, I’m interested in perusing books about economics. Not advanced economics, but just the basics. I’m still trying to find the time to read Basic Economics – on our book list – but thanks to a tip from the good…

“Let Me Be Clear About This…

By SoundOffSister | April 14, 2009 |

Under our plan, you still will be able to keep your private health insurance”.   The “let me be clear” part should now be your tip off.  Translation, under “our” plan, private insurance will cease to exist. This public option will supposedly “compete” with private alternatives. As President Obama likes to put it, those who are…