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All Hail, Rick Santelli

Inability To Control

The Promise by Jane Hirshfield

Stay, I said
to the cut flowers.
They bowed
their heads lower.

Stay, I said to the spider,
who fled.

Stay, leaf.
It reddened,
embarrassed for me and itself.

Stay, I said to my body.
It sat as a dog does,
obedient for a moment,
soon starting to tremble.

Stay, to the earth
of riverine valley meadows,
of fossiled escarpments,
of limestone and sandstone.
It looked back
with a changing expression, in silence.

Stay, I said to my loves.
Each answered,

Obama Took Money From Bain!

Freedom Outpost just blows up Obama over Bain Capital:

The same SEC form from February 2001 that lists Mitt Romney as “sole shareholder, sole director, Chief Executive Officer and President of Bain Capital … the controlling person of Bain Capital” also lists over a dozen other managing directors of Bain Capital, Inc. — all of whom were undoubtedly more active than Romney was during this period. And President Obama took money from many of them.

Take Joshua Bekenstein. Bekenstein has been a managing director of Bain Capital since 1986. In 2008, he signed Barack Obama a $4,600 check. In 2004, he gave a $50,000 donation to the Democratic National Committee. That’s outsourcing money, plain and simple. And Obama was happy to take it.

Or how about Stephen Pagliuca? Last year, he cut a $35,800 check to Barack Obama’s Victory Fund. Then he cut another $30,800 check to the DNC. And another $30,800 check to the DCCC. Jonathan Lavine and Mark Nunnelly have both maxed out to Obama already, as well as to the DNC. Lavin was a bundler for Obama, and raised over $100,000 for him. Michael Krupka gave Obama $4,600 in 2008.

You can’t criticize Romney for working at Bain and then turn around and accept their money. That hypocrisy!

Romney Hits Back Hard!

1.3 Near Sweet Home, OR

MAP 1.3 2012/07/13 17:04:02 44.557 -122.590 0.0
20 km ( 12 mi) ENE of Waterloo, OR

1.6 Near Vernonia, OR

MAP 1.6 2012/07/12 23:28:42 45.775 -123.321 18.9
14 km ( 9 mi) SW of Vernonia, OR

You Decide!

Gov. Romney spoke before the NAACP and the media has characterized it as a hostile atmosphere with booing when Romney said he would rid us of Obamacare as one of his first actions.

Here’s the whole speech.  It lasts about 23 minutes.  Why not listen to the speech and decide for yourself.

This Is Just A Warm Up!

“Current debt crisis merely a warm-up act,” says Jamil Baz in The Financial Times. If his five predictions come true we are in deep weeds!

  • First, as deleveraging has not even started yet, the crisis of the world economy has not begun either.
  • Second, it will take a minimum of 15 years (to dig ourselves out)
  • Third, when we do finally start cutting our debt, the economic impact will be massive.
  • Fourth, risky assets are set to perform badly for a long period.
  • The fifth point is that there is no magic bullet.

Just with any family that over extends itself, the budget doesn’t get fixed over night and piling on more debt is out. It’s painful, but we can live without more stuff or just stuff!

Spend Less, Save More!

The economy has been dreadful, and some think the economy is about to head back into a recession. Others think we entered a depression in 2007 or 2008 and we are still in it. Proof of their claim is the unemployment rate which they argue is much higher than the government’s 8.2% official number. I read recently that consumers have been deleveraging, getting rid of debt, and boosting their savings. Too bad the interest rates are so low. We are not being rewarded for our frugality. Higher interest rates would incentivize us to save more.

My wife loves a bargain and shops at The Rack. Nordstrom’s moves merchandise to The Rack from their sales floors and marks the prices down. She comes home with a needed pair of dress slacks that were $279.00, then, put on sale for $130.00, finally, sent to The Rack where the price was marked down again to $65.00. She’ll say, “Honey, look at this purchase. I saved $214.00!” I checked right away to see if the savings magically appeared in our saving’s account. Not so far.

I Googled “Ways to save Money.” There are lots of articles written that scream “30 ways to save money,“ “45 ways to save money,” “20 best ways to save money,” and 100 great tips for saving money.” Most, don’t add to your savings account. The only real way to save money is to spend less on things you buy normally, which leaves money in your checking account that you can move to your savings account.

From watching my wife, I have some tips for spending less. They include clipping coupons from the newspaper. If you don’t take the paper, ask a neighbor if you can have their paper when they are done. It just gets thrown into a pile anyway. My wife spends at least a couple of dollars less each week when she grocery shops by using coupons on items we normally buy.

My wife buys the generic brand whenever possible. It’s cheaper. Who knows, the cereal we buy may be made by the same people who make the brand name cereal. Can you tell the difference between Kellogg’s Crunchy Bran Flakes and the cheaper Kroger’s Crunchy Bran Flakes? I can’t.

Do you have Magazine Subscriptions? When they come up for renewal why not check online to spend less. Spend 28% less than the cover price on “O The Oprah Magazine” or spend 61% less than the cover price on Parents. You spend even less on subscriptions if you create your own 4-pack of magazines for $35. Each magazine subscription in your 4-pack is yours for a year.

I’ve chatted about spending less, now here’s how to save! Take the money left over in your checking account from your spending less on items you normally buy and move it to your savings account. Next, each week go to your local coin dealer and buy one silver one-ounce coin. Right now each coin is about $27 or $28. At the end of a year, you will own 52 coins or 52 ounces of Silver. Many experts believe owning Silver (and Gold) is a way to diversify out of U.S. Dollars. After all, we may go the way of Greece. If Silver traded at $300, your Silver coins would be worth $15,600. That’s a 10-fold gain on your Silver savings.

“It’s National Suicide.”