by Bill O'Connell on February 4, 2012
Congressman Tim Bishop continues to push his manufactured campaign issue, with the full union backing of the Communication Workers of America, to fight against outsourced call centers. He calls it a “surgical strike”. I think there are more appropriate names for it.
[click to continue…]
by Bill O'Connell on January 27, 2012
President Obama, always on the campaign trail, is now on the road trying to explain why his class warfare strategy is not class warfare. In his State of the Union address, he once again invoked the “Buffett Rule”, which is little more than a fig leaf to allow Obama to raise taxes. But what about some other “Buffett Rules”?
Click to read more
by Bill O'Connell on January 4, 2012
Rick Santorum timed the wave perfectly and rode it to within eight votes of Romney in the Iowa caucuses. Whether it was timing or real support is not certain, but where does he go from here, and I don’t mean geographically?
Click to read more
by Bill O'Connell on December 30, 2011
In his recent telephone town hall meeting, Tim Bishop expressed his support for the continued payroll tax holiday but making it clear that it would have no impact on the Social Security Trust Fund. Money for Social Security would continue to go into the trust fund from other sources. What other sources you might ask? I may have an answer for you.
Click to read more
by Bill O'Connell on December 11, 2011
With the economy in shambles and his campaign sound bites and early interviews as president coming back to haunt him, President Obama has ramped up the class warfare rhetoric. Let’s put the lie to these strategies.
Click to read more
by Bill O'Connell on December 8, 2011
Jon Corzine, one of those very smart Wall Street guys, the former head of Goldman Sachs, testified before Congress today to answer questions as to what happened to his firm MF Global, which is now one of the largest bankruptcies in US history. There is over $1 billion unaccounted for. He simply doesn’t know where it went. This is the guy that Obama and Biden praised when they took office as the first guy they would turn to in the midst of the economic crisis. It explains a lot about where we are today.
Click to read more
by Bill O'Connell on November 22, 2011
Drawing by DonkeyHotey
Rather than do their job, Congress and the President designated a super committee to do it for them. The committee failed miserably. But what exactly were they shooting for?
Click to read more
by Bill O'Connell on November 10, 2011
photo by cliff1066
Just because Democrats are statically stuck on stupid, why do they think everyone else is? What I am referring to is static analysis of changes to the tax code. Democrats always want to have any potential changes statically scored. In other words if Democrats raise rates 10%, naturally, the government will get 10% more revenue. If on the other hand you cut tax rates 10%, a very bad thing, tax revenues will fall 10%. The problem is that they have been proved wrong every time. In other words, Democrats believe that if they raise tax rates you will be too stupid to change your behavior in response.
Click to read more
by Bill O'Connell on November 4, 2011
Photo futureatlas.com
With several proposals to overhaul the tax code on the table, it will be interesting to hear how the Obama team will respond. In the plans put forth by Cain, Perry, and Gingrich, people grasp the flat tax part pretty easily. With Herman Cain’s 9-9-9 plan, a common sticking point is the last nine, the national sales tax. Whether intentional or not, it seems to me that they don’t understand it.
Click to read more
by Bill O'Connell on November 1, 2011
photo by chasingfun
It is no surprise to anyone that we have a government that is out of control with spending. We have the Tea Party and OWS agreeing that crony capitalism is out of control. So what does this have to do with the tax code?
Click to read more
