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Obama: The Payroll Tax Cut and Taxing the Rich

by Bill O'Connell on December 11, 2011

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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.

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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?

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Statically Stuck on Stupid

by Bill O'Connell on November 10, 2011

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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.

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Who Said Herman Cain is Unelectable

by Bill O'Connell on October 3, 2011

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Photo by roberthufstutter

One of the knocks on Herman Cain is that he has never held political office and therefore he doesn’t have the necessary experience. I, for one, would like to see a lot more people who have met a payroll go into government, than be governed by those who have never done anything other than live off of a government paycheck. They have no concept of the real world, but love to write the rules the real world must live by.

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Tim Bishop Attacks Tea Party for Not Spending Enough

by Bill O'Connell on September 23, 2011

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President Obama Speaking at Solyndra

Congressman Tim Bishop has not been able to keep from spending, no matter what. The Postal Service has an $8.5 billion deficit, and Tim Bishop is out there fighting to keep an unneeded post office open. We are trillions of dollars in debt and he comes out blasting the Tea Party, because they want Congress to not waste anymore money on green boondoggles like Solyndra.

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Killing the Economy with Regulations

by Bill O'Connell on September 21, 2011

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Photo by Mike Licht, nationscapital.com

Often overlooked in the class warfare that President Obama is unleashing on America so that he can continue spending, is how business is being strangled by regulations. Every time the government fails to protect our rights and freedoms because it is too busy trying to micromanage our lives, and as a result some calamity descends upon us, the answer is always more regulations. Nowadays, that will typically mean thousands of pages of new laws that turn into tens of thousands of pages of new regulations and those who never met a payroll wonder why we are stuck at 9% unemployment.

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Progressives and “Investing”

by Bill O'Connell on September 15, 2011

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Progressives are a funny group when it comes to investing, and I mean real investing, not the phony code word for spending. If they’re the ones controlling the money and especially if the money is not theirs, then investing is fine. If it will compete with one of their sacred social programs and you will directly benefit from it, then bar the door it’s an out of control casino.

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Obama’s Job Plan Stuck in a Union Mindset

by Bill O'Connell on September 7, 2011

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Photo by Pargon

We need a vibrant and growing economy, but we are being led by someone who believes in all things that make America mediocre.

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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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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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