Tuesday, April 26, 2011

Taking a break from blogging $$

I'm suffering through a malaise. I'm just not in the mood to blog. And I'm having some trouble focusing on trading. Not sure what's bothering me. But, a long break is in order. Days? Weeks? Months? Who knows. Maybe I'll come back. Maybe not.

Friday, April 15, 2011

Republicans have done NOTHING to clean up Wall Street, Why?

Our nation's net worth is still $18+ Trillion lower than it was around 2006. Our government is now in debt by about $6 Trillion more than 2006. America got screwed by Wall Street to the tune of $25 Trillion. Who went to jail? Who were punished? Who were run out of their jobs in disgrace?

NOBODY.

Why? Because Republicans block all efforts to punish.

Just what the FUCK is going on here? Why do Republicans constantly protect the people who screwed the world economy, caused us to lose jobs, lose our homes, watch our 401Ks disappear?

Senator Richard Burr, get off your lazy ass.

Do something about the ratings agencies that rubber stamped this bullshit mortgage mess.

Do something about those crooks at Goldman Sachs who pushed crap investments into our pension plans and insurance companies, then had the gall to bet against those same investments and screw America.

For 15 years, you've done absolutely NOTHING. It's time for you to stand up and get something accomplished. It's time to punish those Wall Street executives who dropped this crises on our doorsteps.

North Carolina deserves better than our worthless Republican Senator Richard Burr.

Tax Facts show how Republicans screw the middle class

Two graphs in this article explain why I am just so pissed off at my Republican Party.

My Republican Party protects the super wealthy. CONSTANTLY, Republicans like Richard Burr tell us how we need to reduce our nation's tax rates. CONSTANTLY. Look where that got us ! We're $14 Trillion in debt, with 10% unemployment and almost 20% underemployment !

Yesterday, I posted a link to a Business Week article that confirmed that the top 400 tax payers in the US paid an effective income tax rate of 17%, significantly lower than the next couple million taxpayers, by a long shot. Today, I open a link to a simple article that makes 2 key points:

1. The United States of America is one of the lowest tax countries in the world.

2. The super wealthy in our country pay effective tax rates far lower than the rest of us.

Just what the HELL is going on in my Republican Party that they think they can constantly lie to us, while piling $14 Trillion in debt on our shoulders, and catering to the super-wealthy and Corporate America by handing out income tax breaks like candy? What are Republicans doing? They are handing massive wealth to the massively wealthy, while screwing the rest of America. Republicans crap all over the middle class while catering to the rich.

I am tired of worthless, piece of crap, Republican politicians like Richard Burr. He's an empty suit. He is directly responsible for the terrible financial situation we now find ourselves in. Richard Burr thinks its best to allow Warren Buffet and Bill Gates to pay income taxes at rates lower that most other Americans.

Richard Burr can go to hell.

North Carolina deserves better than our worthless Republican Senator Richard Burr.

Thursday, April 14, 2011

Senator Burr is an 'effing liar about income taxes

I use Twitter constantly to keep abreast of financial news. To mix it up some, I also have a few other Twitter feeds from non-financial sources. And Senator Richard Burr's Tweets are a real hoot. This pathetic Senator is like an old time magician. Burr uses distraction to convince his audience to look in one direction, while he's applying this magic in another. Mostly though, he's just a plain, simple LIAR. His latest Tweeting lies are a real hoot. He's attempting to convince middle class Americans that Democratic plans will raise their income taxes, while Republicans can get us out of our debt mess by just cutting expenses. Right. And pigs fly too.

We're starting to have a decent debate about what to do in our country to bring our debt under control. On the Republican side, Paul Ryan kicked it off by weighing in with some bullshit plan that cuts taxes on the super wealthy by a $1 Trillion or so, and then screws the middle class by $4+ Trillion or so by primarily taking away their health care coverage in old age. It's a typical, current day Republican plan. Let's put more money in the pockets of the super rich, and screw the rest of America.

Then, President Obama came out yesterday with an opposing view. Let's raise taxes on those who can most afford it, and cut expenses across the board. The Republicans howled. They cried. They whined. They insisted that any attempt to raise anyone's taxes would be fought tooth and nail. Republicans, like our dolt of a Senator Richard Burr, then hit the Twitter circuit in an attempt to convince naive voters that raising taxes was just plain WRONG.

Burr's response on Twitter ... "Need to reform fed govt to run more efficiently, not raise taxes on already struggling American families." Who proposed raising taxes on struggling American families? No one I know of. But we do need to raise taxes. And we do need to raise taxes on those who have benefited greatly under prior deep and wrong-headed Republican tax cutting. Both the wealthy and corporations need to pay more. Significantly more.

The reality? We are NOT going to solve our nation's debt crises without raising income taxes. We must have a balanced approach of both cutting expenses and raising taxes. It's the only way that we'll get our debt under control. And if you listen to any politician who suggests otherwise, you'll be doing grave harm to our country. Politicians who indicate that this crises can be solved only through expense cuts are just plain idiots. They need to be thrown out of office. And if we don't do that, then we're headed down the road to ruin. To the one, including our idiot Senator Burr, Republicans insist that we should not raise income taxes. They are clueless dolts.

The wealthy need to pay more. The 400 richest Americans paid an effective tax rate of 17% in 2007, thanks to incessant Republican tax cutting. Hell, most middle class Americans pay at significantly higher rates than that. It's about fairness. And our tax system is NOT fair. The super wealthy are getting a free ride. And Republicans are to fault for this screwed up situation. Republicans screw middle class America, at will. Then they lie to us constantly and try to convince us otherwise.

Corporations also need to pay significantly more income taxes. I am just plain tired of listening to my Republican politicians lie about America's Corporate income tax rates being the highest in the world. That's nothing but pure T bullshit. By the time you factor in all the deductions, credits and offshore tax scams, most of our nation's corporations pay very low income taxes. GE is a classic example. $14 Billion in profits, zero income taxes.

What's even worse is that under incessant Republican Corporate tax cuts, the overall income tax burden in our country has undergone a drastic shift. Individuals are carrying a significantly higher burden than corporations. Just like the super wealthy, Corporations are getting a free ride. And Republicans are doing everything they can to ply their magic, divert your attention, while they reward the super wealthy and corporate America, and screw our nation's middle class.

I've had enough of the lies about income taxes that come from my Republican Party. I'm tired of listening to all the bullshit that comes out of the mouths of Republicans like Senator Richard Burr. These idiots lie to us constantly. And it's about time we wake up and send these people packing. They have no solutions to the problems they created. Their incessant stream of income tax cuts handed to the super wealthy and American Corporations brought us this mess. And their insistence that they can get us out of this mess without raising taxes is just plain fantasy. Enough. I've had enough of the likes of Senator Richard Burr.

North Carolina deserves better than our lying sack of crap Senator Richard Burr.

Tuesday, April 5, 2011

New Twitter Account: NoBurr2016

Established a new, updated Twitter account today. NoBurr2016. Follow blog posts on Twitter.

Monday, April 4, 2011

Representative Paul Ryan can kiss my ass - it's the 55+ generation that screwed America


Yet one more example of why it is that I deplore my current Republican Politicians - I'm tired of listening to Paul Ryan. Once again, he's coming out with grand budget plans that exempts anyone 55 and older. Paul's just plain wrong. It's the 55+ crowd that caused our nation's problems. When Paul Ryan wants my attention and support, he'll propose programs where everyone sacrifices. Until then, Paul Ryan can kiss my ass.

Posts from the past where I addressed the issues of how Americans 55+ screwed our nation:

July 24, 2010:

It's the 55+ generation in this country that really F'ed up America. These people had everything handed to them on a silver platter. They are the reason our country is in debt up to its eyeballs:

80s - Entering their peak earnings years, they weren't happy about paying taxes, so they elected Reagan. Their income tax rates were drastically slashed. This was the beginning of massive debt being piled on the shoulders of the rest of the nation.
80s - Wanting ways to save for retirement tax-free, they were handed IRAs and 401Ks.
80s - As child-care became an issue - they were given company benefit plans to set aside tax free child care funds.
90s - Having invested heavily in housing, they weren't pleased about being taxed on this key asset, so sales of their primary residence were deemed tax-free.
90s - Entering a period where they started buying stocks heavily, they weren't happy about capital gains taxes, so they had those slashed drastically.
90s - Wanting to pay for their children's college educations without being taxed - they were handed 529s and Coverdales.
90s - As medical costs started to become an issue - they were handed medical flex plans.
00s - Approaching old age, they weren't pleased with estate taxes, so they had the ceiling on taxable estates substantially raised.
00s - Not happy with the thought of paying for medications, they pushed through a plan for free drugs in their retirement.

55+. This generation bugged out on paying their fair share. In their peak earnings years, they avoided their tax obligations. When they piled up housing equity and stock gains, they avoided taxes. For child-care and medical costs, they were handed ways to pay these tax free. For retirement savings and college costs, they were given tax-free rides. When estate taxes and drug costs stared them in the eyes, they got free rides there too. At each key step of their financial evolution, they avoided paying income taxes on their key earnings streams and assets. Earnings, housing, retirement, child care, medical costs, college costs, pharma in retirement, estates. Each key piece of legislation that made these income streams tax advantaged happened when the 55+ generation entered that stage of their lives. They were subsidized. As a nation, we borrowed money, over $14 Trillion, to subsidize this free-loading generation of 55+.

And the real teeth kicker? They are the only generation who will likely retire with both a pension, and tax free assets in IRAs and 401Ks. Just about everyone behind them can kiss the pension good-bye.

The reality is that the 55+ generation screwed everyone younger. They got a free ride. We got saddled with their debt. And we have $14 Trillion in debt to prove it. Message to the 55+ crowd - just shut the hell up. Stop complaining about taxes. You haven't paid your fair share. Free rides don't last forever. And your time is up. Pay up, or shut up.

July 25th, 2010:

I thought more about the post I made yesterday about the 55+ generation in America. At each stage of their economic lives, they were handed income tax benefits that allowed them to avoid paying their fair share of income taxes. Read the post. Think about it. It should become clearly evident to you that the 55+ generation screwed America. We have $14 Trillion in debt because the 55+ generation were handed tax benefits left and right.

A more important thought came to mind this morning. There's talk in Congress now about limiting Social Security, changing our nation's retirement plans. While I'm in favor of doing something, it needs to be fair. Notice that the talk is all centered on allowing anyone over 55 to keep their current benefits? Anyone under 55 must take a hit. See what's going on here? The 55+ generation screwed us at each step of their financial lives by passing income tax benefits that protected their key earnings and expense streams. Now, they're going for the kill. They'll keep their social security, while the rest of us must sacrifice. Just how fair is that?

What we should be talking about in this country is stripping anyone over 55 of their social security. The outcry would be intense. But the reality is that this is the ONLY fair move to make from an inter-generational standpoint.

Republicans caused this problem. Old Republicans. The 55+ generation. While Senator Richard Burr isn't in that group, he's close enough. More important, he was in Congress, voting yes on these income tax benefits that piled debt on our shoulders. He needs to get the boot. He needs to answer for $14 Trillion in debt.

Saturday, April 2, 2011

Set the record straight - Obama must go

I get emails as a result of this blog. Lots of emails. Most accuse me of being a Democrat. Some even go as far as indicating I am on a Democrat's payroll. Baloney.

I'm a Republican. I'm a capitalist. I believe in free markets. But I also know that free markets need sensible regulation. Most Republican politicians, including my worthless Senator Richard Burr, have lost sight of the need for sensible regulation. And that's why I go public with a constant stream of insults directed at my worthless Senator. Richard Burr is pathetic. His laissez-faire philosophy brought us this financial crises. This worthless politician is directly responsible for Americans being kicked out their homes, losing their jobs, and seeing their savings disappear. Richard Burr is an abysmal failure. And I won't stop reminding my fellow North Carolinians that Richard Burr is to blame for the immense financial and economic pain we are about to endure.

About? That's right. We haven't seen anything yet. We've only suffered the earthquake. The Tsunami is still due to hit our economy in the coming years. And it's going to make the 2008-2010 financial crises look like a picnic in comparison. And when the Tsunami hits our economy, I'm counting on the citizens of North Carolina to finally wake up to just how terribly we've been punished as a result of the pathetic performance of worthless politicians like Richard Burr.

On the other hand, we have problems too with the other party. President Obama just isn't getting the job done. Our budgets are out of control, still. We continue to wage wars we can't afford. Nothing is being done to punish Wall Street. Medical, Education, and Energy costs continue to ravage our bank accounts, while our incomes remain flat. A small minority of Americans do well though. Bankers, Doctors, and College Administrators rake it in, while most of America suffers. The biggest problem I have with President Obama though? No one went to jail. Wall Street screwed the world. And no one was held responsible. And that's a sin I won't forgive. President Obama has failed us. He must go.

But, who can lead? So far, I'm not seeing a single, credible leader out there. And as a result, I fear for our future. We're headed into an economic Tsunami, and there's no one who can rally our country to successfully get us through the pain to come.

Buckle up, with pathetic losers like Senator Richard Burr and President Obama at the helm, we're in store for significant pain ahead.

Richard Who? North Carolina deserves better than our sorry Republican Senator Richard Burr. The man is worthless. He gets nothing done, absolutely nothing.

Fact, Banker Pay Hits Record - Senator Richard Burr is a Failure

This latest financial crises we endured was brutal. Laissez-faire Republicans took all the referees off the playing field. With no oversight, bankers ran wild, financing so many junk mortgage loans that our world economy fell to its knees. Just about everyone suffered, except the bankers.

Name the bankers who were punished. Name the bankers who went to jail. There were none.

And while people the world over wound up losing wealth, and jobs, and homes, how did the bankers fair out of this mess? Their pay continues to skyrocket:

Over the last eight years, average compensation for a full-time bank employee has risen 35% to $83,050, twice the rate of inflation.

I don't like my Republican Senator Richard Burr. This man is an abysmal failure. Not only was he a contributing factor to this financial mess, he's done absolutely nothing to punish the bankers. In fact, the banking community has most Republicans in their pockets. Republican politicians protect bankers. Republicans go out of their way to do anything and everything to allow banks to continue to screw America. And for this, I will never vote for a Republican who supports our nation's financial institutions in any form or fashion. Senator Richard Burr is a friend of our nation's banks.

Richard Who? North Carolina deserves better than our sorry Republican Senator Richard Burr. The man is worthless. He gets nothing done, absolutely nothing.

Friday, April 1, 2011

Fact, Food Stamp use hits record after record - Senator Richard Burr is a Failure

I am tired of my Republican Senator Richard Burr. The man is a failure. Why? Let's put a fact or two on the table. Richard Burr took office in the US Congress in 1995. The man has been on Capital Hill now for 17 years. What has Richard Burr accomplished?

In 1995 when Richard Burr took office, 26.6 Million Americans were on Food Stamps. At the end of 2010, 40.3 Million Americans were on Food Stamps. This statistic is an absolute disgrace.

Just what the hell is Richard Burr doing in Washington DC? He's had 17 years, and he sure hasn't made the lives of Americans any better over that time.

Richard Who? North Carolina deserves better than our sorry Republican Senator Richard Burr. The man is worthless. He gets nothing done, absolutely nothing.