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Tuesday Morning News Roundup

I’m traveling for the next couple days and I’m not sure what kind of Internet connection I’ll have.

By the way, the changes to my website that I promised a couple of months ago should be happening now. Hopefully the process should be relatively seamless.

A new national database of cell phone numbers should significantly decrease the the selling or, better stated, reselling of stolen cell phones.

Minutes from the Federal Open Market Committee meeting back in January of 2007 have just been released. Remember, this was right at the cusp of our financial meltdown. If anyone in the country should’ve known where the economy was going and what needed to be done, it was the people in this meeting. The transcript is over 500 pages. It is highly redacted. Let me know what you think.

I continue to be flabbergasted by the Secret Service scandal. Hookers? Really?

Continued drone strikes in Yemen.

The girl in the Pulitzer-prize winning photo continues to be haunted by nightmares.

Let me reiterate, the devastating storms from a couple days ago could’ve been much, much worse. The early warning detection systems that we, the American people, have invested in actually worked. These detection systems were able to give weatherman increased information and they in turn passed that on to the American people. More people had more time.

Trial in the Netherlands.

Where do our tax dollars go?

By |2013-11-03T17:15:57-04:00April 17th, 2012|Budget, Domestic Issues|2 Comments

Destroying the middle class

Sometimes when I argue with conservatives I get a headache. In one discussion group, a conservatives is trying to argue that Warren Buffett knows nothing about the economy. The same conservative acknowledges that Warren Buffett understands the markets and start prices. I find the argument awfully convenient. Convenient? Painful is a better word. It is nonsensical. It gives me a headache. It’s like saying that I’m a great critical care surgeon but I don’t know anything about medicine.

It is my personal opinion that the middle class is shrinking. The middle class is shrinking because jobs are being shipped overseas and we have policies that benefit the rich over the rest of America.

From HuffPo:

Pulitzer Prize-winning journalist David Cay Johnston says it’s no accident that the middle class has been shrinking.

In fact, in a recent conversation with Aaron Task and Daniel Gross on Yahoo’s Tech Ticker, Johnston argues that the middle class is a direct result of a maze of subsidies and sweetheart deals that states and cities have doled out to big companies. (Johnston is the author of “Free Lunch: How The Wealthiest Americans Enrich Themselves At Government Expense (And Stick You With The Bill.”)

“We’ve changed the government rule book in tremendous ways this enormous growth of incomes at the top is not the result of market forces,” Johnston says, “it’s the result of all these rules nobody knows about.”

Among the questionable benefits that Johnston identifies are the deals received by teams in America’s biggest four sports which, he says, get subsidies that are worth more than their combined profit. Cabelas, a sporting goods store, got $1.37 in subsidies for every dollar of profit it brought in, he notes.

By |2010-11-23T07:00:21-04:00November 23rd, 2010|Economy, Party Politics, Taxes|Comments Off on Destroying the middle class
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