Archive for the ‘Economics’ Category

The Peoples Republic of Amerika?

Economics, Politics | Posted by C.C.Mitchell
Mar 22 2010

The One Bill

Congress

Congress

One Bill to rule us all,
One Bill to find us,
One Bill to bring us all
and in the darkness bind us……

Sorry I couldn’t resist. This is what came to mind as I watched the Speaker of the House prance about with a giant gavel cradled in her arms. She was making her historic march to the Capital Building to vote for the government usurpation of what equals One Sixth of “Their” nations economy. I say to “THEIR nations economy” because; to the Democrats in Congress governing against the will of the people is their job. This particular breed of Wahingtard  believes that they know whats good for us better than we ourselves do. Therefore it’s their economy and their country not ours because the will of the people is no longer a matter worthy of consideration. I digress, Speaker Pelosi and her fellow Washingtards made their historic march in the midst of thousands of protesters chanting “Kill the Bill, Kill the Bill, Kill the Bill, Kill the Bill” uncaring. For they have transcended the will of the people. No longer do they need the acceptance of “We the People.”

Thousands in Washington and Millions at home looked on as this  flotsam and jetsam, (look it up), these pirates of the Constitution, usurped our Constitution of the freedoms and liberties bestowed within it; the supposed inalienable  rights of All Americans. I find it ironic that the Washington onlookers are commonly known to all as the Tea Party activists. It creates a powerful image in my mind when I think of a well known quote: “Those who fail to remember history are doomed to repeat it.” Ask yourself what followed the Boston Tea Party? Revolution that’s what; revolution  that perpetrated violence  against an oppressive government.

While Liberal Democrats taut their great victory over the will of the people from atop a pedestal upon which they believe themselves to be untouchable Republicans and Conservatives alike hear the soft whisper in the distance, a breeze from the heartland, a breeze recognized by all who are willing to listen as the winds of change soon to be sweeping through Washington to cleanse us of these corrupted bastard sons and daughters of our Constitution.

The Washingtards, blind to the cries of their constituents followed through with this abomination of law and claimed victory. But victory over whom? Over the Republicans? Over the so called Bluedog Democrats? No they claim victory over the American people! This is an issue far bigger than the petty differences of the mental midgets in Washington.

Welcome to the new world. Not discovered by Christopher Columbus, but created by Liberal Democrats in Washington so they may rule on high.

Not So Fast

Many governors of these United States are preparing already to challenge the Authority of Congress to pass such legislation onto each individual state and their citizens.

According to Foxnews:

Florida Attorney General Bill McCollum also announced that he and top prosecutors from 10 other states are filing a lawsuit to “protect the rights” of the American people from the bill.

“The health care reform legislation passed by the U.S. House of Representatives this last night clearly violates the U.S. Constitution and infringes on each state’s sovereignty,” McCollum said in a statement.

Attention Washingtards read the Tenth Ammendment!

At least three dozen state legislatures are considering proposals to challenge the federal legislation. Some are pursuing amendments to their constitutions by ballot question; others are looking to change state law.

YES! What all this means is that Congress is breaking the law by passing this bill.

The president could put a stop to such a seizure of power simply by not signing the bill. We all know that won’t happen, it only proves that he is as guilty as those who passed this bill into law. His hands are dirty in this there is no one  else for him to blame he could simply refuse to sign it. By signing this bill he becomes a party to this crime against America.

If Congress is permitted to force the citizens of this country to buy insurance against there will whats next? The requirement to buy a MG car?

All in all the American people have the upper hand in this war on the Constitution. We hold the power to remove these destroyers of liberty from Congress. It is now up to the voters to do the job. November is coming up fast. Only We the People can take back our country before it becomes The Peoples Republic of Amerika.

It is time to take back America while it still exists in our hearts and minds. Lets Roll!

Congress makes it a Cracked World!

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How TAX is a Four Letter Word

Economics, Politics | Posted by C.C.Mitchell
Feb 16 2010

Trust me I can count! Of course the kooks in Washington are counting on the contrary. Tax is synonymous with a

Taxes - The Four Letter Word

Taxes - The Four Letter Word

several four letter words that I can think of!

Tax is the grand plan in Washington, the American business owner has been confused with the ATM machine. Politicians will continue to spend and balance it all out with higher taxes on the rich. Taxing the rich means taxing the business owners. Correct me if I’m wrong but that means taxing the job providers. How can any one justify this?

Yeah yeah I know:

The Evil Corporate America dripping with greed; overflowing with apathy; rolling in money filthy. The financial embodiment of the spoils of treachery and oppression. I am familiar with the way the left and the unions view Corporate America.

Increasing taxes on the American economies life’s blood  is not the way to produce jobs in an economic recession rivaled, some say, only by The Great Depression. Nor is it fair or morally sound to expect the haves to pay for the short comings of the have-nots.  That’s Left Washington’s big plan, to increase taxes on the rich to bail out the federal governments entitlement programs and all its other uncontrollable spending.

But it’s not just the Evil Corporate America that will pay the price for Congressional indiscretion. It is becoming more and more evident that Dr.O is planning on increasing taxes on the middle-class as well. No he won’t come out and say it yet but if it’s on the table as he says it is you can bet your bottom dollar that they will.

Think about people, what happens to us if you spend more than you make? You find yourself in debt and struggle to pay off that debt.

Congress doesn’t want to do that! They don’t want to make good on their debts. (I say THEIR debts because they are the ones who over spent, not me). Whats worse Congress hasn’t just racked up debt. They have racked up so much debt that by 2011 that level of debt will be equal to GDP -  Gross Domestic Product. In other words they won’t JUST be spending more than they take in. America’s total amount of debt will be equal to what they take in.

Tax may be a four letter word but it is really they only solution to paying for their irresponsibility. Of course that alone will not solve the problem. They need to STOP spending! Congress seems to increase the debt ceiling with every tax increase. By-the-way what is the point in having a debt ceiling when Congress can raise that ceiling at will? I think I’ll tell my wife that I want a new truck so we are going to overspend some more to cover the expense. NOT!

These people are out of touch. Not just out of touch with we the people but out of touch with reality.

In any balance sheet no matter how big or small incoming is supposed to be equal to outgoing. Money left over in incoming is called a surplus. Now there’s a word they haven’t heard in a long time.

It’s a Cracked World when those who are in charge of the stewardship of our economy don’t understand the most basic concepts of accounting.

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Is Bankruptcy for GM Inevitable?

Economics | Posted by C.C.Mitchell
May 11 2009

Experts say a Chapter 11 bankruptcy filing is all but inevitable for General Motors. To restructure itself and avoid court

General Motors

General Motors

proceedings GM must convince bondholders to accept at trade of $27 billion in debt for 10 percent of its high risk GM stock. Along with that, the automaker must work out deals with the UAW, commit to factory closures, reduce the number of brands by eliminating or selling brands and force hundreds of dealers out of business; all in less than three weeks.

It has been expected for some time now that this would be the case. The long list of unpleasant financial chores to be done by the auto maker hasn’t changed since February, the tasks at hand just become more daunting as time begins to run out.

Although company executives said last week they would still prefer to restructure out of court, experts say all GM is doing now is lining up majorities of stakeholders to make its court-supervised reorganization (a euphemism for bankruptcy) move more quickly. This is evident in remarks by General Motors CEO Fritz Henderson.

“If we need to pursue bankruptcy, we will make sure that we do it in an expeditious fashion. The exact strategies I’m not getting into today, but we’ll be ready to go if that’s required,”

Bankruptcy threats may just be  a bluff to convince bondholders to take the debt for stock swap deal. This strategy didn’t work for Chrysler as a few bondholders held out, refusing to accept what came to roughly 30 cents on the dollar. Most likely GM will be dealing with some of the same bondholders that created roadblocks for  Chrysler. These bond holders constitute the biggest obstacle to avoiding bankruptcy and making the deal will not be easy. Since the government and the UAW will get more stock for debts owed then the bondholders will, they will be reluctant to make such a deal. As with Chrysler the stubborn ones decided to take their chances with bankruptcy hearings.

The president didn’t much like the hold outs in the Chrysler case. He referred to them as selfish, un-american, and said that he, “does not stand with them”. What does he expect? These companies invested billions in the auto industry and its not their money but their constituents’ money. They have an obligation to their share holders to collect as much of the debt owed them as possible. I know I would be upset if I were an investor in one of those companies that took a massive loss because GM wants to pay only pennies on the dollar.

Under Chapter 11, a company can stay in operation under the protection of the court while it sheds it’s debts and unprofitable assets to emerge in a more stable  financial position.

Yet in the event of a bankruptcy filing we the people can kiss goodbye our $15.5 billion GM has already gotten from the government. They most likely would not be forced to pay that money back. As usual the best option will be the most costly to the American people.

What’s your take on the potential Bankruptcy of GM?

Will it happen or are the blowing smoke to blind those to whom they owe money?

If they do file, is that whats best for General Motors overall?

Its a Cracked World, how do we mend it?

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Investments Explained - Part 8

Personal Finance | Posted by C.C.Mitchell
Apr 05 2009

In the recent down turn of the economy, many of my co-workers and I have had ongoing discussions on

Mutual Funds and athe Market

Mutual Funds and the Market

investment strategies, and if it is still a good idea to invest our hard earned dollars in an ever declining market. This has prompted me to touch on this topic once again as many of my colleagues display at least some level of confusion and doubt.

Perhaps it would be prudent to explain in more depth some of the investment ideas from my last post on investing. For instance we discussed the 401(k), the IRA and the Roth IRA and the investment options for them like Small Mid and Large Cap funds. Then their are International Funds and Bonds.

First of all, all of these retirement accounts, 401(k)s and IRAs and Roth IRAs, all have one thing in common. They all invest your contributions into various Mutual Funds.

So what is a Mutual Fund?

A Mutual Fund is a collection of stocks purchased by a company that is in the business of trading stocks. It’s simple really, you see McDonald’s sells Hamburgers, Pepsi Cola sells soft drinks, and Ford Motor Company sells cars.

A Mutual Fund is a company that buys stocks in numerous different companies like those listed above  for a profit. By owning stock in these companies the owner makes money when the company makes money. So if McDonald’s turns a profit and you own stock (a share of the company) you make a profit equal to your share of the company. Many companies pay a dividend to the shareholders on a quarterly basis based on the companies success. Mutual Funds are companies that employ a whole staff of people to decide which stocks to buy and sell and make money for the fund. It is called a Mutual Fund because many different people invest money in these companies collectively. The company is therefore Funded Mutually by a mass of contributors. Gee that was tough wasn’t it.

Is it safe Now?

I have gotten an Email or two from readers wondering why I would advise people to invest in such horrible market, one of which was laden with curse words.

While I am not a professional, they will tell you the same thing. A professional will tell you that Stocks are on sale right now. When you buy a share of stock at a price 70% lower than its price last year you will make a 70% profit once that stock returns to its normal price range.

No, there are no guarantees but the market has always recovered from these recessions. These “dips” in the market are essential to overall capital growth.

This is my philosophy and my plan.

Its a Cracked World.

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