Tuesday - March 29, 2005

NAAWW

According to BlackNews.Com, college-educated white women earn less than black men and black women. They explain this disparity with every excuse in the book .... except racial quotas and current racist laws giving preferences to minority men and women.

I think it is time to form the National Association for the Advancement of White Women (NAAWW). And how about the United White Women College Fund (UWWCF)? And what about the White Pantherettes? White women of the world UNITE! Demand reparations!

Or better yet, just marry some rich white guy and tell the world to go pound sand.

Posted by The Skipper     on 03/29/2005 at 08:56 AM   
Filed Under: • Economics •  
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   Sunday - March 27, 2005

This Is Wrong!!!

Y’all know I like Wal-Mart.  I shop there often.  They are good for a community.

But..............hopefully some of you out there know more about this than I do but for some reason it goes against my grain to have Congress fund $37,000,000 just so Wal-Mart and Bentonville, AR can get a better road.

I know the feds help fund some road construction but this seems a bit over the top.

Posted by Ranting Right Wing Howler     on 03/27/2005 at 08:28 AM   
Filed Under: • Economics • Politics •  
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   Thursday - March 24, 2005

Personal Gas Accounts?

^{Steve Kelley, The New Orleans Times-Picayune}

Posted by The Skipper     on 03/24/2005 at 01:45 PM   
Filed Under: • Economics •  
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OMIGOD!!  The Fwench Again!!

As much as it pains me to admit it, the Fwench are finally getting their shit together as it relates to their economic plight and realizing that the 35 hour work week which they’d hoped to carve out a socialist nirvana is trashing their country.

So their lawmakers recently repealed that stupid law.

Of course, being eternally pessimistic, I can only imagine that now those snail eaters will “show up” for 40 hours, work only 32 and be as unproductive as they are now.

Only through TRUE reform and demands for greater productivity can they begin to pull themselves out of the shit hole they find themselves in.  Hard work, not government laws, make a country (and its people) rich.

Posted by Ranting Right Wing Howler     on 03/24/2005 at 07:17 AM   
Filed Under: • Economics • EUro-peons •  
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   Friday - March 18, 2005

More On ANWR

If you want to know more about ANWR, how much oil is expected to be found there, what the proposed drilling area looks like (as opposed to those pictures of mountains and streams the enviro-wacko, tree hugging, Birkenstock wearing, patchouli smelling, dope smoking, long haired hippie types show you), then click here.

Let’s be clear.  We WILL NOT see any of this oil for 10 years or more.  But for every year we wait, that 10 years gets pushed forward again.  So if we want to see oil somewhere around 2017, we better start now.

Also, did you know that futures prices are hovering at $57 a barrel right now?

The reason for this is that traders are concerned about supply disruptions causing a shortage in the future since most countries are maxxing out their pumping today.  There is little slack in the system.  Not much more can come out.  The littlest disruption (Venezuela or Nigeria primarily as those are political hotspots right now but even the Arabian Gulf or Canada or Mexico) can be catastrophic.

Then you throw China into the mix, which by itself is already consuming a third of all production and increasing demand almost 8% per year---well, it’s a formula for a real shitstorm in prices.

Yet does anyone notice how the enviro-wacko crowd are not demanding China reign in its consumption?  That they develop alternative fuels?  That they increase their efficiencies?

That’s right.  Only the US must do all that.

Drill, baby, drill!!!!

Posted by Ranting Right Wing Howler     on 03/18/2005 at 06:45 AM   
Filed Under: • Economics • Environment •  
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The Ludicrousness Of Mass Transit

In Hernando County the moron county commissioners decided to start a bus system.  Our county encompasses over 440 square miles---NOT a small county!!  We also have less than 170,000 people living here.  Do the math on density yourselves.

When riders increased to 200 per day they crowed how well it was working.  And then added more busses.  So far we have 4 busses running from about 7 in the morning to 6 at night or so.  Also do the math on that one:  busses, maintenance, garage space, drivers, substitute drivers, gasoline, pensions, salaries, health care costs, etc.  With about 250 riders a day at about $0.50 each................hmmmm, quite a deficit, huh?  One day’s ridership does not pay the salary and associated costs of ONE driver; much less the other three and associated related costs.

So in effect, for a county of less than 170,000 we pay over $100,000 from county tax dollars plus almost a million per year from federal dollars (still OUR tax dollars) so that about 130 DIFFERENT/UNIQUE people (assuming most go round trip) can take a bus!!!

Fuck!  It’d be cheaper to buy these bastards a car and be done with it.

AAAARRGGHH!!!

Along those lines read what a novel proposal P.J. O’Rourke has for solving mass transit ridership problems (it’s towards the end!)

Posted by Ranting Right Wing Howler     on 03/18/2005 at 06:33 AM   
Filed Under: • Democrats-Liberals-Moonbat Leftists • Economics •  
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   Thursday - March 17, 2005

What Went Wrong?

Flashback Back in 1971, before the start of World War IV against the Arabs, the price of a gallon of gasoline was about 30¢ per gallon. Now, prices at the pump have climbed over $3 per gallon, an increase of ten times. Also, back in 1971, I was fresh out of college and earning about $16K per year. Nowadays, I am earning ........ HEY WAIT A MINUTE! My salary hasn’t increased ten times over. What is going on here? I demand an answer from Congress and Exxon today. Inflation, my ass! Somebody is ripping me off here! And while we’re on the subject, why is it that back in 1971, I didn’t need insurance to buy a $35 bottle of anitbiotic pills but today, even with insurance coverage, I have to pay a $20 co-pay (and a $230 monthly insurance premium) and without insurance I have to pay $200 for that same bottle of antibiotic pills? In addition, back in 1971 a “Mexican” was some foreigners who got their asses kicked at the Alamo. Nowadays, a “Mexican” is that family down the street who pays no taxes, drives an uninsured car, collects welfare, gets free medical care and has a meth lab in the back yard? Would somebody please tell me where all this went wrong?

Posted by The Skipper     on 03/17/2005 at 07:23 PM   
Filed Under: • Democrats-Liberals-Moonbat Leftists • Economics •  
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   Wednesday - March 09, 2005

Top 10 Lists Of A Different Sort

From The Business Reform Magazine we have this wonderful little compendium of Top 10 lists for business.

The Top Ten Pro-Homosexual Companies in America are listed below.

10. Coors Brewing Co.
9. Nike Inc.
8. Replacements Ltd.
7. Lucent Technologies
6. Apple Computers
5. J.P. Morgan Chase and Co.
4. Eastman Kodak
3. Avaya
2. America Airlines
1. Xerox Corp

What makes them get into the top 10?  Strident mission statements devoted to diversity.  Intense “diversity/homo/lesbian/transgendered etc. sensitivity training, domestic “partner” benefits and donations to homosexual groups and causes.

Here are the Top 10 Anti-Homosexual Companies.  What makes them get into the top 10?  No mission statements devoted to diversity.  Little or no diversity/homo/lesbian/transgendered etc. sensitivity training, virtually non-existent domestic “partner” benefits and no donations to homosexual groups and causes.

10. New NGC, Inc. dba National Gypsum Company
9. Exxon Mobile
8. RadioShack
7. R.R. Donnelley & Sons
6. Shaw Industries Inc. (subsidiary of Berkshire Hathaway Inc.)
5. Perot Systems Corp.
4. Meijer Inc
3. International Steel Group
2. BB&T Corp.

And coming in at number ONE as the top anti-homosexual company?

(drum roll please....................................)

1. Alltel

All I can say is, “You got that right!”

Now go invest accordingly.

Posted by Ranting Right Wing Howler     on 03/09/2005 at 06:37 AM   
Filed Under: • Economics •  
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   Friday - March 04, 2005

Render Unto Caesar

Sorry gang, but I’ve been working on my taxes today .... and I’m still not finished. This may take all weekend. I’ll blog when I can. Right now, the IRS has my number (zero). Federal and two state returns to fight my way through - moving expenses, IRA contributions, medical expenses, professional dues, charitable donations .... hmmmmmm, “subtract Item 89 of FOrm 1040F from Item 32 from Form 40Z and divide by the quotient of the right angle declination of Item 4 of Form 86F, then copy amount to Item 99 of Form 2199G and perform advanced calculus on the figure to determine the maximum wavelength of a quark, substituting the figure obtained for Item 77 of Form 1490V” ....ARRRRGGGGHHHHHHHHH!!!!

Break out the TurboTax and the “Special Tax Perpetration Kit” (see below) ....

Posted by The Skipper     on 03/04/2005 at 03:49 PM   
Filed Under: • Crime • Economics •  
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I Can’t Wait For This To Happen

For all the reasons listed below (and in this piece), I can not wait for Wal-Mart to get into the financing arena.

Imagine how consumer costs would go down if we did not have to worry so much about this:

# Mortgage lenders who surprise their borrowers with last-minute junk fees.

# Banks that nickel and dime their small account holders to death.

# Auto lenders who add discriminatory surcharges on loans to black and Hispanic buyers.

# Credit card companies that use every excuse to jack up rates.

# Check cashers and payday lenders that levy usurious charges on their customers

Sure, some of it would still exist but think about how the industry would all of a sudden get its shit together because when the 20,000 pound elephant walks into the room and decides he needs to move around you better get out of his way.

Posted by Ranting Right Wing Howler     on 03/04/2005 at 07:59 AM   
Filed Under: • Economics •  
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A Lesson In Economics

For those of you who own homes the past year or two have been very good to you as home prices are skyrocketing.

But you need to understand the further economic implications of such stratospheric rises especially if you re-finance to pay down other debt.

As homes increase in value and in an environment where interest rates are downright wonderfully low, people tend to refinance.  On the surface that’d be OK if all they did was refinance the outstanding balance.  But people are using the fact that their homes are worth more to cash in on some of that equity, refinance a greater amount (at basically the same monthly payment amount since rates are lower) and pull out cash to either pay off credit card debt or put down payments on more “stuff” like cars, boats, RVs, etc.

That may be great for the economy insofar as consumption goes which then further helps the economy by employing more people to make, service, maintain or distribute those goods.

Hell, having lots of equity you’ve not cashed in also gives you wiggle room in case things go bad and you find yourself deep in credit card debt as you are less likely to declare bankruptcy because the excess equity can clean that up.

But what happens when you take cash out of your house, pay those cards but accumulate MORE debt a few months later?  And what happens when the housing bubble collapses?  Remember what happened in the late 80s in lots of the country (Florida, Connecticut, California and Texas in particular as I have friends and family in those.) People bought homes for $150,000, the bottom fell out and they could not re-sell those homes for any more than $100,000 leaving them saddled with either renting the place out or selling at a loss and eating the $50,000 in debt and then declaring bankruptcy.

It can happen again.  And worse because we use credit so much more today.  Plus, with a collapse would come other factors: higher unemployment and inflation which, in turn, would cause an ever downward spiraling effect making everything even worse.

Now imagine yourself one of those people who just refinanced at a greater value, paid off your cards and went out and maxxed them again?

Read this to find out why the Fed is now watching home values as a measure of determining when interest rates will get hiked.

Posted by Ranting Right Wing Howler     on 03/04/2005 at 07:23 AM   
Filed Under: • Economics •  
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   Thursday - March 03, 2005

How To Shut Up A Liberal

ow often do you hear the argument that CEOs are overpaid?

How often have you felt the same way?

But if a CEO is successful, how much is too much?

Noted economist Walter E. Williams talks about that here.

Maybe one day he’ll write about overpaid CEOs getting severance packages totaling hundreds of millions----even when they’ve failed.  Now THAT’S an injustice!!

Posted by Ranting Right Wing Howler     on 03/03/2005 at 06:59 AM   
Filed Under: • Economics •  
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   Monday - February 28, 2005

Better Late Than Never

ow often have you heard on the news over the weekend that the economy is going great guns?

Once?  Twice, maybe?

Now, how many times in the past 2 months have you heard about how we’re losing jobs, that Bush is trashing the economy, that tax cuts need to be taken back, that unemployment is awful?  Dozens?  Hundreds?

Well, our GDP growth for the 4th quarter HUMMED along at an inflation adjusted 3.9%.  For the year?  4.4%

I know this all came out last Friday but by the time I got to it I’d already blogged enough for two days so I held off.  However, better late than never applies and it works out well that I didn’t post it simply for having had the opportunity to frame the issue as questions posted above.

Read this. It’s short.

What do you see as the LAST paragraph?  Did you see that little blurb about it being the best in 5 years?  Now, go do the math.  It means we are doing better now than during the last year of Clinton’s administration (when the press was having media orgasms in their support of Gore and his contribution to GREAT ECONOMIC GROWTH!)

See the rates for yourself:

Just what will it take for the MSM and the leftist America-hating bastards in this country to admit we’ve turned a HUGE corner?

Posted by Ranting Right Wing Howler     on 02/28/2005 at 07:08 AM   
Filed Under: • Economics •  
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   Wednesday - February 23, 2005

Investment Talk

Yesterday the market took one in the shorts, the biggest one-day drop in almost 2 years.

Why?

Some say it was because of oil prices which surged above $51.  Others say it was because consumer confidence dropped.

I think it had a lot to do with the sagging dollar, our low interest rates, and the fact that yesterday I read some countries’ banks are dropping dollar denominated investments and going to other currencies---further weakening our dollar.

Well, today South Korea and Japan both sent signals to the market they will continue to support the dollar.  That’s OK for the short term but I think there is an international movement to drop the dollar and move to the Euro or possibly even the yuan.

We better pay close attention to these issues or things will get ugly for our economy.

A low dollar is good---for a while---because it means our products are cheaper overseas and travel to the US is cheaper.  But if it lasts too long then our manufacturing and service sectors take a big hit because the raw material (or finished material) will cost them more money since foreign currencies are stronger against our dollar.  We willnot travel as much overseas affecting airlines, agents, and their inter-related industries. Over a period of time it creates upward pressures on prices of goods and services, driving up consumer costs and spiking inflation.

Of course, the cycle plays itself out over time because having higher interest rates is also a good thing----investors start dropping their marks, pounds, yen, and pesetas for our government bonds.  This starts the pendulum swinging the other way.  The only problem is it takes a couple of years to get going and by then our stock market could be in the toilet, our unemployment rates scoots way up, etc.

If you stand back and watch it, macro-economics is actually pretty exciting.

Posted by Ranting Right Wing Howler     on 02/23/2005 at 06:56 AM   
Filed Under: • Economics •  
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