Steve's barking at breaking a law

It seems to me that those who are shouting that taxes are too high especially corporate taxes should be lowered are missing a very important law of economics.The law of diminishing returns.
It also seem to me that lowering taxes is a form of stimulus,( for those who keep screaming that stimulus doesn't work yet ask for lower taxes). It is my unlearned opinion that we have hit the saturation point when it comes to lowering or eliminated  tax as a stimuli. Thus the law of diminishing returns.
Come to think about it lowing taxes is kind of Keynesian. (Sorry I digressed). Those who want lower taxes are the same people who keep saying Keynesian economics is dead.
Speaking of the law of diminishing returns just how much can the fed do?
Why should a company borrow money at record low interest when there making more money then they ever did before?
Why should a company borrow money when it's trying to cut payroll and is selling assets?
Who can use the money from having low interest rates? Let me guess, speculators who make commodities like oil prices go up.



 



  

Steve's barking at his s&m wanting Mitt to be Pres

The cruel streak in me would like to see what would happen if the Republicans would to take the presidency and both houses of congress.
Would some of the biggest backers rue the day that they spent millions on a group of people who push for an economic system that has logically proven to be absurd, there by cost these backers a small or may a large fortune. What about those rich backers who would suddenly find there investments in the far east down the drain because the Romney administration pissed off these countries? What about all those whine and cry party types, excuse me I meant Tea Party types who suddenly find the  they can't find work because the unemployment rate is 35% and they have no skills? What about those crazed recording stars who find them selves broke because their fans can't afford their concerts or their records? What are those television business commentators going to do when they are suddenly let go because cable subscribers can no longer afford cable? What about all those people who are screaming that we have the best healthcare system in the world suddenly find that there local hospital is closed for lack of funds? What about all those people who scream drill baby drill when they find they can't go fishing, the pollution killed all the fish and they have to spend 10 dollars for a bottle of water because there normal drinking water was polluted for lack of environmental protection?
This bad new tiding would serve them right. But the only way to prove how wrong head the Republican party has become and the moronic economics they bring with them is for Mitt and his gang to win the election.
I really don't hope for a Republican victory in the fall, for their are to many good people in this country including my family to find what hell is really like. Probably those idiots would blame the current president anyway.

Steve's Barking at the end of American democracy as we know it.

In the dawn of the two party system in of our great democratic republic we came upon the system were the parties had actual conventions that meant something. One didn't know who would be the parties nominee till the middle of the convention. Now the nominees were picked by uh, how shall I say it. OK they were picked by party bosses. The party bosses held power by a thing called the spoils system. Now this was  deemed corrupt and very undemocratic. A brilliant idea to make things more democratic was thought up. They called this idea called primaries, it was a more democratic idea, even though those people called the bosses from each state still ran the conventions. Then things seem to get more democratic, the convention became more dependent on the primaries. As what happens to most good things they turn sour.
Candidates lock up the convention way before a good portion of the states vote in primaries, partially because of this thing called money, if you are though of as loser, no money for you. Who cares that the people in those states voting at the end of the primary season love you, ya got to drop out.

Is it just my imagination or does money drown out common sense?
Why is so much money 100s of times more then what the jobs are worth being spent on the congressional and presidential elections. How much is it worth to the contributors?
Lies were always spread by backers of one candidate against the other candidate but there never was the ability to blanket the nation  with the stuff that comes out of a male cows backside as there is now.
So I ware black, and raise my glass to propose a toast to what democracy in America could have been.

Steve's barking lets fix entitlements

Ah the presidential election season is starting to the beginning of the end here in the United States (thank you lord).
Now the boobs on the boob tube are hinting this election may boil down to medicare and social security.
They may be right, even boobs on the tube get things right some of the time.
Now the challenger to the current president has stated that the current president is going to take 750 billion dollars away from money we put into the trust fund and give it those undeserving people who would benefit from Obama care. Now I maybe wrong but the money that's being switched is coming from general taxes not from the medicare part of FICA. That being said it would appear that the challenger has got his facts a little mixed up. Now it's been reported that the challengers running mate is a budget wonk (what ever that means). Now if he's a budget wonk why didn't  he explain to the top guy on the ticket that the money that's not being used for medicare is not coming from the money from FICA medicare but from money from general taxation. Maybe the number two guy really isn't a budget wonk.
 I asked my crystal ball what will happen to medicare and social security  if the president were to lose the election. My crystal ball stated the operation will be a success but the patient will die.

Now if I had my way I would (and I probably never will) increase the percentage of the FICA tax on medicare to cover both hospitalization and doctors cutting off the hands of those who try to take those money for any other reason. If I really had my way I would scrap the present healthcare system and have a dedicated income (all income) into a voucher system buying co-op were one could get private insurance that is strongly regulated by the government.
  Now let me be brief about Social Security, stop the limit on the amount taxed, slowly increase the amount employers pay. Starting next year the extra money that is being taxed in the Social Security part of FICA would be to help pay down the debt. When the money is needed the extra taxes will be there to pay the retirees on Social Security. 

Steve's barking at real supply sides economics

During the Presidency of Ronald McDonald Reagan we had an economic decade of supply side economic.
If you were to ask me what the meaning of supply side economics in the age of Reagan, I would have to hunch my shoulders and say I don't know. The sad fact  of the matter I slept through that whole era, the great communicator put me in a hypnotic trance.
Now let me write my version of supply side economics.
As every school boy and girl in the sixties will tell you the definition of inflation is too much money chasing to few goods. Well for some reason we lost the idea that this was an equation, those of us who have responsibility to keep inflation in check seem to stop at the words too much money seemingly to forget the second part of the sentence too few goods.
In my craziness ( I must be crazy I never hear this by anyone else) the tax code should encourage the making of excess goods that are needed for life. Things like food, clothing and shelter.
Suppose there are problems in counties that supply us with clothing, the price of clothing will go through the roof. Inflation.
Suppose we don't help the farmers in time of need (like now with the drought) and many of them go out of business what happens next, lack of supply of food bringing about food inflation.
America is in a good position right now as far as for shelter inflation (supply and demand, and we have an excess of supply, unfortunately too many of my fellow Americans don't have the resources to buy and in some cases even rent these shelters).
* During the great housing bubble we had shelter inflation offset by borrowing deflation (unfortunately some of this was do to balloon mortgages)
** There were other reasons for the bubble, which I may write about another day.
If the goods and services aren't there aren't there you can bet your bippy that inflation will raise it's ugly head.
You can't in all honestly say that about too much money in circulation.


Question.....can austerity cause inflation?
 

Steve's Barking at Mitt's Silver Platter

Mitt Romney is said to have been born with silver spoon in his mouth.
He must believe in sharing the wealth by giving the presidency to the present president Obama.
How may you ask? Picking Paul ( lets end medicare as we know it) Ryan.
The biggest talking point against the affordable health care was the five hundred billion being taken out of medicare. Comparing losing five hundred billion to ending the program as we know it should be no brainier.
The Presidency is now up to the Democrats to lose. Congress should be in control of the democrats also.
The problem being while Romney's political team seems to be run by Clareabell  and Emitt Kelly (those were famous American clowns), the Democratic Party seems to be run by the Keystone Cops. 
Time will tell if my fellow senior citizens will cut off their noses to spite their faces ( voting against their best interest by voting Republican).

It seems that mother nature is even against congress, were having the worst drought in near memory. The farmers want and need relief. Right now our conservative government is talking about ending aide to farmers.

* I use the word conservative, while I have no idea what the conservative are conserving.
*The keystone cops were silent movie cops who were clownish and not very good.

Steve's barking I may be right I may be wrong

More jobs were created this month, or so government statistics have stated.
This is the worst congress in the history of this country or so say I.
There is only a limited amount of job creating that can be done without government help, so say I.
If congress has an obstructionist bent, it don't matter who wins the presidential elections,so say I.
The children of America are going to end up as impoverished as those in Zimbabwe.

Steve's barking at rights

Alex went to a small town to open a restaurant. In the restaurant he will serve his famous pot pies.    

 Alex decided that he was not going to serve women in his restaurant because he likes to tell bawdy stories to his male customers and he would feel uncomfortable with women present. The fact of the matter he was fired from a previous job because of his naughty story telling.

Ruth has eaten the pies in a previous establishment were Alex worked and loved them. The fact of the matter in the area were the restaurant is to be located there aren’t any good restaurants. She believes that if Alex doesn’t allow women into his public restaurant her rights to eat anywhere she chooses  her rights would be denied. Alex of cause thinks that by forcing him into excepting females into his establishment his rights are being denied.

This set up a quandary of who's rights are being disregarded.

In truth there is no right or wrong answer.   

 

Steve's barking at trouble in Nippon

What to do? What to do?
Japans economy is so good that they can't find jobs for all who want and need them. (Japan's economy is so good the value of Yen has never been higher)
How is Japan going to find a solution so that it's great manufacturing make all it's money from manufacturing from other countries?
Perhaps it can loan US dollars to countries and would give the citizens of these counties big discounts on the loans if the buy Nippon. Illegal, maybe?
Perhaps they can give manufactures American bonds at a huge discount, some how intertwining the two countries so it would appear that when you by Japanese your paying discount American. (Doesn't sound to good and other counties would be angry).
The Japanese government supplementation of buying Japanese products in Japan with foreign debt. Those foreign and other foreign counties would not take to kindly too that.
What to do? What to do?

One would think that Japan would be close to full employment because of the Tsunami, and the building that has to take place to replace what was destroyed? What does one know anyway?