Tuesday, November 27, 2012
Is it FAIR to Tax the Rich out of Business?
In a caustic political environment that marks the rich to pay higher taxes because of their inordinate incomes, the
outlook for a growing economy diminishes. The argument that well capitalized commercial enterprise owners provide the bulk
of the small business jobs is well established. Certainly, not every proprietor is wealthy. On the contrary, many if not most
employers struggle to meet their payroll. Even so, the political hysteria to raise the top rates stares directly into the
eyes of every wageworker with the prospects of joining the unemployment lines. Read the entire article
9:11 am est
Tuesday, November 20, 2012
The Direction of Equities in the Obama Economy
Corporate America has the largest cash reserves in recent memory. The product of the first Obama administration, the boards
and management of the biggest companies, foregone mergers and acquisitions and cleaned up their balance sheets. Fear was the
operative sentiment after the 2008 financial meltdown. Business confidence was marginal at best. Lacking consumer confidence
was a natural result of a high unemployment and an insecure job environment. The modest improvements in the economy were a
direct outcome of increases in government spending, especially an expansion in public employee endeavors. Read the entire article
9:55 am est
Tuesday, November 13, 2012
Taxmageddon Holding Hands while Jumping Off the Cliff
The rapid approach of the Thelma & Louise bipartisan plunge into the financial abyss is upon us. It is simply unbelievable,
that the prospects of rational tax salvation by the end of the year, measured by every statement coming out of the Washington
political cabal, will materialize. Extending the current tax rates from automatic rescission on January 1, 2013, as a stopgap
method for an enactment of a lasting political rapprochement, is the best that might occur. The net effect will be a perspicacious
downturn in economic activity, a new round of layoffs, rising permanent unemployment and a plunge in consumer confidence.
Wall Street will make hay by shorting the market while placing blame on the uncompromising hacks that refuse to cut a deal. Read the entire article
5:26 am est
Tuesday, November 6, 2012
Lunacy of FEMA Hurricane Insurance Subsidy
One of the most ludicrous fantasies of the self-indulgent is that a property owner has an entitlement of subsidized government
flood insurance. The inherent risk of building along the ocean shoreline is self-evident. The benefits that enhance the pleasure
of proximity to the seaside seem unending. However, when the forces of nature thrust her fury and a wall of water inundates
pristine dwellings, the first question asked after the storm usually involves rebuilding. The cost of repairs and renovated
construction, once paid by private insurance, now normally requires a federal guaranty.
Read the entire article
4:59 am est
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