Archives For Money

Clinton-Bush Fatique

April 10, 2015

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Have you ever felt as if a mysterious black cloud of despair was rising from the great depths of the universe? That it was cresting over the horizons of your life, blotting out all sunlight as it closes in and paralyzes you in fear? And maybe you felt that this slow-motion tsunami of dread was a deserved punishment for you personally, and humanity in general. And you realized, as I have, that this unstoppable, groaning wave was a natural outgrowth of your own moral torpor — the listlessness you had demonstrated over and over again, allowing injustices, petty cruelties, and incompetence to extend their reign over everything you loved, until finally it crashed on you, plunging you into a darkness beyond the reach of light, hope, and redemption….

The inevitable Bush-Clinton presidential campaign is gathering itself along the horizon. It will be a boring, substance-less grind that turns on just which candidate’s operation can direct slightly more of the public’s disgust over the worst parts of the last two decades at the other candidate.

SOURCE:  Why a Clinton-Bush presidential race fills me with nothing but despair.

I remember a time, way back thirty years ago before President Reagan when there was not Clinton or Bush on the national scene. But for the last almost twenty years those two families seem to have dominated the news and as a result I have severe Clinton-Bush Fatigue. I am simply totally exhausted with all the vitriol ranting that has taken place in our country since these two families have been battling for the supreme Monarchy of the USA.  About two-hundred and fifty years ago we went to war to rid ourselves of a monarch and as far as I am concerned I don’t want to return to that state.

There is so much baggage surrounding these names that if they are nominated by the parties it will surely be the most dirty mud-slinging presidential election in our history. To me it would come down to which would cause the least harm to our country and right now that is probably a close call. Our country needs to get away from all this hatred surrounding us lately and Bush and Clinton are the source for much of it.  Surely the two parties can at least give us voters an alternative to these two but given that money pretty much controls all of our political processes now who becomes the candidates will probably be a done deal before we have our say.

Sadly because we have made running for public office such a rancid experience I’m not sure that any really qualified candidate can make it anymore or even want to make it for that matter. We are just stuck with the ones we get (sigh)… I hope not…

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America’s broken promise

December 19, 2014

2014-11-16_08-44-26All that lovely wealth isn’t trickling down. The country’s median income hit a high of $56,080 in 1999, went into slow decline, dropped to $53,644 after the 2008 economic meltdown — and five years later, was lower still, at $52,100. Raises remain tiny. Many newly created jobs pay a pittance. For tens of millions of people, the economic recovery is an illusion.

The voters are right: Wage stagnation — and the resulting erosion of the middle class — is this country’s biggest problem. When hard work no longer produces upward mobility for workers who lack elite skills, America’s implicit promise is broken. At National Review, conservative Maggie Gallagher complains that “for more than a decade Americans have been losing ground financially, and the GOP has yet to address the issue.” In The Washington Post, liberal Harold Meyerson grouses that “the Democrats have had precious little to say about how to re-create…widely shared prosperity.” Perhaps that’s because the standard liberal and conservative nostrums (Tax the rich! Eliminate regulations!) won’t address the fundamental problem: Globalization and technology have devalued both labor and workers, and made companies more ruthlessly competitive. Here’s a scary thought: Neither party is offering a remedy because there isn’t one.

SOURCE:  America’s broken promise – The Week.

The two hundred words above from my friends over at the Week seem to cut to the bone as the primary reason so many people are upset about how this country is proceeding.  The guy/gal who gets up every morning and puts in an eight to ten hour day working for someone else is falling further and further behind. So many people have seen their paychecks and any benefits they might have had go down for the last fifteen years while all those “rich cats” continue to rake in vulgar profits on their unearned income.  There seems to be a fundamental breakdown in our society.

As the article states this is a problem that can’t seem to be addressed by the old methods even if the GOP allowed them to happen. Democrats can’t throw enough money at this problem to make it go away and the Republican’s trickle down obviously after fifteen years is not got to happen. I will admit that globalization has a lot to do with this dilemma. So much of the rest of the world is in much worse shape economically than we are. It will be years, probably generations, before that is balanced. The old solutions just don’t work anymore.

New approaches to strengthening the large middle segment of wage earners is drastically needed. The problem is neither party in Washington seems capable of any degree of new thought. They are too busy blaming each other to find new pathways to overall prosperity. Somethings got to give sooner or later.

For all the problems that the middle have those on the margins of our society have it worse. The unemployment rate for them is astronomical. The safety net continues to erode so little or no help is seen on the horizon. Somethings got to give and I am afraid that when it does it will have some serious consequences for all of us.

Common Sense…..

November 14, 2014

2014-07-25_08-48-31Call them the invisible rich. How do they do it? Sure, money like that sometimes comes from an inheritance or another fortuitous break, but more likely it’s the result of diligence, smart choices and, well, deferred gratification.

SOURCE: Wealth-building secrets of the millionaire next door – Yahoo Finance.

Wealth-building secrets of the millionaire next door

It seems like there are thousands of articles and books lately to tell you how to become rich. But do any of them actually have anything unique to say? I am not going to go into the details about the above article other than to give you the topic titles.

* They Don’t Spend Beyond Their Means

* They Educate Themselves

* They Pick the Right Field

* They Save (and Invest) Early

* They Don’t Swing for the Fences

* They Keep Themselves Covered

* They’re Wise About Windfalls

* They Hang Onto Their Cars (and Houses)

* They Avoid Debt

To this old Midwestern boy all these things just seem like common sense. Sure some like picking the right field are more luck than anything, but most are achievable by most of us if we just stick to it.  I really don’t know what keeping myself covered has to do with anything but I figure I must have done a good job at it since I am pretty well covered today. :)

Never had a windfall except for the new fishing reel I got as a young boy from my grandfathers estate. Now I am not a millionaire but I think I do have enough to keep me going for the final years of my life. But to me the point of life is not financial wealth building (easy for someone to say who has enough) but more along the lines of morality building and trying to treat the other guy with respect whether he deserves it or not.

But given the statistics lately it seems that most just can’t seem to live by the standards above. Maybe they should be teaching more about that in our school systems? I don’t know about wealth-building but I think I have done a pretty fair job of paying forward for all the good fortune I have had in my life. I might have had it tough in some regards, losing my mother in early life and losing hearing at mid-life was no joyride, but I had it a lot easier than many folks I came across in life….

 

Buying a Thousand Pillows…

September 30, 2014

Two colorful pillows over whiteYeah. So it is true that rich people can spend more money than middle class people, but there’s this upper limit on what we can spend. I drive a very nice car, but it’s only one car. I don’t own a thousand, even though I earn a thousand times the median wage. I have a few jackets, not a few thousand. My family can afford to go out to eat more than most American families, but not more than three times a day. We can’t go out 3,000 times a day.

So if you concentrate wealth in the hands of a very few people, you break down this feedback loop between customers and businesses. My family, among other businesses, owns a pillow company, and the pillow business is tough because fewer and fewer people can afford to buy pillows. Again, I may earn a thousand times the median wage, but I don’t sleep on a thousand pillows.

You need everyone to be able to afford a pillow every year in order to have a successful pillow business, and concentrating wealth at the top essentially creates a death spiral of falling demand.

 

SOURCE: Why capitalism has nothing to do with supply and demand | Making Sen$e | PBS NewsHour.

To me it just seems common sense that if you want an economy to thrive you put money in the hands of people who will spend it. Putting it in the hands of those who will simply stash it away with an already absurd bank account does nothing for the good of the country or its citizens.

Trickle down is still the mantra of many in the GOP, especially Mr. Ryan. If they get their way all social services would cease to exist and everyone would be left to themselves. Ayn Rand, who is Mr. Ryan’s hero, believed that altruism, that is caring for humanity, is a weakness and not a strength and it needs to be driven out of any truly successful society. That mentality seems to permeate those who are at the very conservative margins of our country now days.

It seems there are basically two distinctively different types of people in the U.S. There are those who love and care about everyone at least on some level and this  includes people they don’t know. Then sadly there are those who care seemingly only care about themselves and maybe their immediate families. Everyone else is to be feared on some level or simply of no or little consequence to them.

Trickle down does not nor has it ever worked. Raising the minimum wage and giving workers their fair share of the rewards benefits everyone, even those who believe in trickle down.

Why???

September 17, 2014

2014-09-15_20-26-03I have a question for my Republican friends.

Yes, that sounds like the setup for a smackdown, but though the question is pointed, it is also in earnest. I’d seriously like to know:

If Republican fiscal policies really are the key to prosperity, if the GOP formula of low taxes and little regulation really does unleash economic growth, then why has the country fared better under Democratic presidents than Republican ones and why are red states the poorest states in the country?…

Yet, every election season the party nevertheless makes those claims. It will surely do so again this fall. So it seems fair to ask: Where are the numbers that support the assertion? Why is Texas only middling in terms of per capita income? Why is Mississippi not a roaring engine of economic growth? How are liberal Connecticut and Massachusetts doing so well?…

It seems to suggest Republican claims are, at best, overblown. If that’s not the case, I’d appreciate it if some Republican would explain why. Otherwise, I have another earnest, but pointed question for my Democratic friends:

How in the world do they get away with this?

 

SOURCE:  If GOP is right, why are red states so far behind? – Leonard Pitts – Newsday.

Why is probably my favorite word in the English language. Everyone should use it many times a day. If we don’t questions things in our lives then we leave the door open for others to determine how we live.

Why do we let others, particularly the politicians, say almost anything they want without questions? The above example is a biggie for me. If the Republican mantra of low taxes, no regulation, and small or maybe no government at all is the answer then why are so many of the red States so poor. With their iron-fisted control of their State governments why are so many “liberal” States so much better off then the red ones?

Theoretically it is possible to replace over 85% of our representative in congress in the coming months. So, if as the polls suggest, we are all so disgusted with those folks why will we return the vast majority of them to a job that they seem utterly unqualified for?

Are we just too lazy to take the necessary actions to turn our totally dysfunctional government around?  What we have to do is really not that difficult; just a couple of button pushes in early November. Out with the old and in with the new. The new couldn’t be any worse so why not give it a try?  Why??

One final question I have is why is my home State of Indiana a red one when all our surrounding neighbors are so blue? For the life of me I can’t figure that one out. :)

 

I laughed out loud. Couldn’t help it; I had just overheard Mr. Newport Beach say something about how Obamacare is an unmitigated disaster despite how, of course, it’s not, and if America were to somehow actually develop a health care system similar to, say, Canada’s, that would be the end of America for certain; we’d never recover from such a devastating blow. Or something. And then came the [president is the] “worst thing to ever happen” quip, and I couldn’t hold back

They didn’t hear me, of course; the orgasmic thrum of their perfect lives drowned out my chuckle, and as I turned and looked at this beautifully entitled, happy crew from my vantage point only a few feet away but a million light years in perspective, we all shared one of the most spectacular, envied locales in the world and all of us sipped superb regional grape and not a single one of us suffered the slightest personal, social or economic indignity, every first-world need instantly met, every crab cake perfectly formed, the sunshine as flawless as Jesus on toast and no lines at the restroom and lots of free parking for his Lexus SUV…..

Even so, I desperately wanted to ask Mr. Newport Beach what his stock portfolio looked like a mere six or seven years ago, when Bush & Co. ravaged the country and led us into one of the deepest, most brutal social and economic pits in modern history. Did he lose half his net worth? More? Was he worried he couldn’t feed his family or pay his mortgage? Did he lose his house? His job? Did he blame Bush? Clinton? Islam? The gays?

And by the way, how does he like the recovery so far? Which of his three perfect, multimillion-dollar homes was he on his way to, right now?

I also wanted to know, when Bush/Cheney lied to the world, openly violated the tragedy of 9/11 and invaded Iraq, killing tens of thousands, was he furious? What about now, when even Fox News is calling out Cheney and declaring Iraq invasion a colossal mistake, a lie from which we’re still unable to extricate ourselves?

SOURCE:  The Best Worst President Ever | Mark Morford.

Mark Morford has become an instant hero of mine. This post says almost exactly how I feel about those rich guys who are so much against making healthcare a right instead of a privilege for all America’s citizens. I agree exactly with his amazement of calling our current president the worst ever while he is benefiting from all the massive recovery, at least for those who own a lot of stocks, that has occurred under this president.

I agree completely that it totally confuses me how this rich guy can completely ignore the disastrous condition that the previous president left the country in after eight years in office and how he put us in a $trillion+ off the books wars that the current president had to dig his way out of.  Compared to his predecessor the current president deserves  top three status in the presidential list.  How can this rich jerk even swallow the vitriol words that spews from his mouth.

But then I have to step back and recognize that this rich guy probably doesn’t represent most in his financial category. Or at least I hope he doesn’t? The hypocrisy of this rich guys words strike me as being one of the root causes for the trouble this country still has.  Thanks Mark for getting the words just right…..