Nov
15
Posted (Van Santos) in Business on November-15-2009

If you live in the United States, on thing you may hear on a regular basis is the economic condition of the state of California.  The short version of the story – it is not good at all.  The state is in (or, very, very, very close too) economic collapse.  At one point this year the state had to issue IOUs.  If there was ever a sign you have economic problems, IOUs would be a good indicator to me.

Anyway.

What people don’t seem to realize, or be paying attention to, is that 9 other states are in the same economic boat as California.  The Pew Center on the States did a comparison to see which fall into the “California dead zone” in their piece “How does your state compare with California?” The 9 state most like California (economically speaking) are:

  • Oregon
  • Nevada
  • Arizona
  • Wisconsin
  • Illinois
  • Michigan
  • New Jersey
  • Rhode Island
  • Florida

Obviously, some states are hurting more than other but with budget gaps in Arizona (41.1%), Illinois (47.3%), and Nevada (37.8%) so large, can it be long before something negative happens?



 
Jan
29
Posted (Van Santos) in Just Stuff on January-29-2009

As of roughly 4:38 PM central time, Rod Blagojevich was no longer the Governor of Illinois.  Almost immediately after, Democratic Lt. Governor Patrick Quinn was sworn into office.  Sure, Blagojevich, made a pointless hour long speech today, trying to say he did nothing wrong, but if he really wanted to prove his innocence… maybe he would have wanted to show up at the trial instead of running around New York making talk show appearances.

What I find really interesting to see is how quickly Senator Roland Burris threw Blagojevich under the bus – “it shows loud and clear that there were serious hurdles keeping the governor from doing his job.”  It didn’t keep him from doing his job when he appointed you to the vacant Senate seat, did it now Senator Burris?

I know that political machine of today seems to have corruption interwoven into all aspects of it, but when the corruption is finally stopped – when the blatant abuse of power is confronted – it’s a wonderful thing to see.  

See ya, Blago.

The Stimulus Plan

So I am having a hard time finding specific information regarding all aspects of the Stimulus Plan, and I don’t really have the time to read it line by line right now, but I may have to in order to dig up the facts.

The two things I did find, however, I am rather bothered by.

  1. Undocumented immigrants who are not eligible for a Social Security number can file tax returns with an alternative number. A House-passed version of the economic recovery bill and one making its way through the Senate would allow anyone with such a number, called an individual taxpayer identification number, to qualify for the tax credits.
  2. The Make Work Pay Credit also would be refundable, meaning that even tax filers without any income tax liability — typically very low-income workers — would receive one.

The point of number 1 could be seen a number of ways.  Being the cynic that I am, I see a large push by the Democratic party to buy the votes of hundreds of thousands of potential voters.  Why potential?  The “undocumented immigrants” is a nice way of saying “illegal”.  Eventually the Democratic majority will push to legalize “undocumented immigrants”, and they will be successful, and when the next round of elections comes calling they will remember who fought for, and successfully provided them, money.

As for point number 2…If you do not pay income taxes, you should not be getting income taxes back.  That is the whole point of a tax refund – you are refunded money you gave in the last year.  Kinda hard to refund something you didn’t pay, isn’t it?  In order to provide the capital for a refund to those who didn’t pay income taxes means the country will need to add additional debt and/or raise taxes.  

Let’s cut through the political speak and call it what it is: socialism.  

People should read up on Marx to see what comes after socialism.

Obama’s Letter to Iran

I find this to be very, very interesting.  

President Obama is drafting a letter to Iran, specifically to Ayatollah Ali Khamenei , in hopes of opening official US-Iranian relations.  I find the choice of Khamenei to be very interesting because the US administration is bypassing the President of Iran.  Could this be a political move to have the Ayatollah support another candidate, say like Seyd Mohammad Khatami, who happens to be seen as a reformer as well as a positive force in US-Iranian relations…

If this letter is sent, does this also mean the US foreign policy of not talking  (well, negotiating) with terrorist organizations?  If that is the case, I wonder what the impact of such a decision will be AND does the U.S. Department of State have a plan in place for any positives or negatives?

This has the potential to be a huge political win for President Obama… or a major embarrassment….



 
Sep
09
Posted (Van Santos) in Election, Politics on September-9-2008

Without a doubt, polls can be utter crap – we pointed that out yesterday. Sure they show McCain in the lead but that really doesn’t mean anything at this point. What is hard to dispute is cash.

According to this CBS article, McCain pulled in $5 Million dollars in 5 hours. That is one heck of an accomplishment for a guy who was having problems rising any funding almost three months ago. What is even more interesting is the money was raised in Barack Obama’s backyard – Chicago. I am not suggesting McCain has a chance in Illinois but such successful fundraising effort in the largely Democratic Chicago is very impressive.

If cash is a barometer take a look at Obama. Reports are coming out that he is having a hard time reaching his fund raising goals. The trend appears to have started in June. Is this a sign that his support is starting to wane for the Senator or simply the up and down of a political campaign?

In business it is often suggested that if one wants to understand why and event is happening, if one wants to get a general sense of where things are headed, the prudent thing to do is follow the money. I believe the same is true in politics.

Others say…

Rightvoices wonders if Obama is running out of fund raising options
Hotair does a breakdown of some numbers
Swamppolitics – McCain-backers say fundraising has ‘taken on a life of its own’ with Palin