August 2011

Tim Bishop Needs a Spending Intervention

by Bill O'Connell on August 31, 2011

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Photo by aranami

An intervention is an orchestrated attempt by one, or often many, people (usually family and friends) to get someone to seek professional help with a serious problem. The term intervention is most often used when the traumatic event involves addiction to drugs or other items, such as spending. Intervention can also refer to the act of using a technique within a therapy session.

If you care about Tim Bishop, if you care about your fellow man, he needs our help. From people who know Tim Bishop they tell me he is a good man, a decent man. But he has a problem. He cannot seem to control his urge to spend, particularly other people’s money.

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The Coming Union Crackup

by Bill O'Connell on August 30, 2011

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Photo by cursedthing

We saw the beginnings with the Battle of Wisconsin. The one place were unions were growing robustly was in the public sector, surpassing the private sector for the first time in 2009. But then 2010 happened.

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Why The Current Economic Problem is So Hard to Solve

by Bill O'Connell on August 29, 2011

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photo by Kevin Dooley

One of the main reasons the current economic problem is so hard to solve and the battle lines are so starkly drawn is that there is strong disagreement on what the problem is and likewise the solutions. The mantra from the left is that the problem is Bush’s fault, there was too much deregulation under Bush, although no one points to any particular regulation repealed under Bush that caused the crisis, and that we don’t tax enough. Those on the right have a different view.

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Warren Buffett: Crony Capitalist

by Bill O'Connell on August 26, 2011

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Photo by Dave Makes

Two news items yesterday, when put together, start to tell an interesting story. Warren Buffett invested $5 billion in Bank of America in a private sweetheart deal that will guarantee him a 6% return (that’s $300 million per year) and he is hosting a fund raiser for Barack Obama in New York where the tickets start at $10,000. What’s going on?

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Obama: He’s Just Not That Into Us

by Bill O'Connell on August 25, 2011

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Photo by reinvented

The stock market is bouncing up and down like Fatty Arbuckle on a bungee cord. The job numbers are just as dismal as they were last week. The CBO says we can expect unemployment to continue north of eight percent until 2016. Is it just me or is the honeymoon over?

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Joe Biden is a CINO

by Bill O'Connell on August 24, 2011

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Photo by Ted Abbott

Can we now drop any pretense that Joe Biden is anything but a CINO (Catholic in Name Only)? On his latest state visit to China, Biden gave a speech that should be characterized as other than “just Joe being Joe.”

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Obama Has a Jobs Plan

by Bill O'Connell on August 23, 2011

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Photo by wstera2

Obama has a jobs plan, or so we are told. He will unveil it after he returns from Martha’s Vineyard. I hope it is a little more detailed than his budget plan to cut $4 trillion that no one can find by meticulously searching the Oval Office. I don’t even know what is in the plan and I have a better one. Stay in Martha’s Vineyard, Mr. President. Set a goal to play eighteen on every PGA sanctioned golf course in the country. Don’t you have some friends and family in Hawaii that miss you?

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Allowing Guns in Bars Is a Recipe for Disaster – NOT

by Bill O'Connell on August 19, 2011

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John R Lott, Jr. photo by fling93

About a year ago the state of Virginia allowed those who have a permit to carry a concealed weapon to be allowed to carry them into a bar, joining a number of other states. Gun control advocates predicted drunken shootouts like we used to watch on Gunsmoke and in the movies.

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Starbucks CEO Schultz Has a Jobs Recovery Plan

by Bill O'Connell on August 18, 2011

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Photo by Sillgwailo

Starbucks CEO Howard Schultz wrote an open letter to his fellows CEOs about the current economic situation. (Howard Schultz CEO Letter) In it he calls for action. The letter and Mr. Schultz are interesting both for what they say and what they don’t.

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Obama’s Laser Focus on Jobs

by Bill O'Connell on August 17, 2011

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Photo by Nilexuk

“While Washington has been absorbed in this debate about deficits, people across the country are asking what can we do to help the father looking for work,” Obama said. “That’s part of the reason that people are so frustrated with what’s been going on in this town. … Our economy didn’t need Washington to come along with a manufactured crisis to make things worse.” — President Barack Obama, August 2011

President Obama likes to look to history, going as far back as 2008, to explain ad nauseam the mess he was handed. So let’s take a longer look at his performance among American Presidents.

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