My Own Political Party

The Federal Government sent Chrysler a $4 billion bridge loan to help it remain in operations. I am wondering when the government is going to send me money to help me with my car loan, mortgage and other bills that I have. As it is, I am thinking about getting some more car insurance quotes just so that I can lower my bills! Chrysler Chief Executive Bob Nardelli stated that the money would "allow the company to continue an orderly restructuring, ... Read More

$700 Billion in economic stimulus money is simply not enough according to Jon Corzine, Governor of New Jersey. Corzine wants to see $1 trillion in stimulus money to be used for infrastructure, education and middle class tax cuts. I am sure Governor Corzine has his own agenda in proposing this. You see, New Jersey is in its own financial crisis. Years of poor planning, overspending and fiscal mismanagement have put this state in a great big hole. ... Read More

I found an interesting video at the Americans for Prosperity site today. I am including it here for your viewing pleasure, and I am also including my notes in case you don't want to watch the video. In the 1930s there was an economist by the name of John Maynard Keynes. Keynes held that the economy could be boosted if government borrowed money and spent it. The resulting theory was called Keynesianism. Supposedly, this spending would put money in peoples ... Read More

Years ago, I lived in California with my parents. We had a house with lots of fruit trees, including orange, lemon and even Pomegranate trees. Unfortunately, times got hard and my parents had to foreclose on the house. Now, in California, 19% of the new foreclosures are from California. The rest of the country is not doing much better with about 10% as an average. Easy money lending is the source of the problem. As new home ... Read More

Obama may have put together his economic team, but that hasn't stopped the Dow Jones wild ride. Over the past week, the Dow Jones Industrial Average has been up 300 points only to drop 400 points. Investors have been watching, buying and selling either through their brokers or from online trading accounts. Dow Jones rebounded yesterday to news that Citibank would also receive a bailout. US Treasury Secretary Henry Paulson is trying to assure the American people that ... Read More

The Declaration of Independence states that we are entitled to "the pursuit of happiness." It does not state that we are entitled to happiness in the form of a huge house, huge TV, endless vacations and cruises, a boat, three cars, etc. There are too many Americans today that feel that these things are NEEDS instead of WANTS. Currently, Americans save money in a negative amount, which means that they spend more than they bring in. Now, some ... Read More

Obama likes to claim that 95% of Americans will see a tax cut under his administration. Don't hold your breathe. If you think that you will actually get more money in your pocket from your paycheck, you may have to think again. Obama's plan involves "tax credits". Here are the credits he plans to give: - A $500 tax credit ($1,000 a couple) to "make work pay" that phases out at income of $75,000 for individuals and $150,000 per ... Read More

I found this video on YouTube. It is bits of video from the 2004 hearings about Freddie Mac and Fannie Mae and some Republicans warning how new regulation was needed. Read More

I was starting to wonder why the first bailout plan did not pass Congress. I think I may have found the answer - not enough pork. What is a bill without additional funds that really have nothing to do with the original bill? Together the House and Senate were able to add $100 billion of additional money requests to the bailout bill. Here are a few items that were included: $2 million tax benefit for makers of wooden arrows ... Read More

An email has been circulating around the internet claiming that an $85 Billion dollar bailout by the government would be better used by giving each adult 18 and older $425,000. Unfortunately, the numbers just don't work out. The population estimate in 2007 was roughly 301,000,000 people. Eighty-five billion dollars would roughly translate into $282 for every man, woman and child. Lets take just the people over 18 years of age. Each person would still receive only ... Read More