Bargains Galore:
If you're not going to lose your job and your health care or have your income severely reduced or lose your home, then you may be able to take advantage of some great deals. Louise Uchitelle reports in today's New York Times that inventories are piling up.
Stuff isn't selling and the downturn is happening so rapidly that the spigot can't be shut off fast enough. Warehousing will be an expensive problem, so if you've got the cash and you're not worried about tomorrow, you may be able to buy a bunch of stuff at fire sale prices.
According to Uchitelle, the big fear at the moment is that consumers will hold off in taking advantage of the situation, expecting prices to fall even further.
Don't you find it just a little funny that all we heard for the past thirty years is that we spend and borrow too much, that nobody is saving, and now the great fear, the evil, if you will, that lurks inside the deep recesses of our souls is the urge not to blow our money on junk?
Yes, it was me; I had my hand in the cookie jar:
Former senator Tom Daschle fesses up. Seems he owes a ton of back taxes for benefits he received during the time he was out of office, acting as a consultant (you should be so lucky). The missing tax money is equal to about three or four or five times the average person's salery (depending on whose doing the averaging). Just a dumb mistake, the health and human services nominee says. (See today's New York Times.)
Don't you love politicians who stare us soberly in the eye and tell us that we must get control of entitlements?
We Exist To Feed Them:
By now you've heard it too often: Wall Street brokers walked away with $18 billion in bonuses after they'd managed to screw things up to a fair-the-well. Our president cried foul, but the bonus babies have all replied tough luck. They control the money. The world is their cherry pie. We're just the cattle in the field, existing to be milked until we can no longer deliver the goods and get turned into hamburger.
Hey! There could be a fix for this. We used to have mechanisms for adjusting this sort of greed. You tax the suckers. They can avoid the higher taxes if the money goes back to work for the rest of us.
The brokers, in self-righteous indignation, claim they work hard and deserve the comp. That's the same nonsense everyone claims when they've screwed up the job: But I worked really hard, I should get paid. Right, and if you hire me to fix the plumbing in your house, you're going to pay me a bonus (correct?) when I screw your plumbing up even worse. 'Cause I worked really hard doing it. (See Alan Feuer's New York Times' story.)
Lincoln's Party or Obama's Victory:
The Republican National Party has seen the light. The party that was brought back to prominance by appealing to bigotry and race hatred has just elected an African American as national chairman. (See The Washington Post story.) Now the question is will women and minorities take the bait?
If you're not going to lose your job and your health care or have your income severely reduced or lose your home, then you may be able to take advantage of some great deals. Louise Uchitelle reports in today's New York Times that inventories are piling up.
Stuff isn't selling and the downturn is happening so rapidly that the spigot can't be shut off fast enough. Warehousing will be an expensive problem, so if you've got the cash and you're not worried about tomorrow, you may be able to buy a bunch of stuff at fire sale prices.
According to Uchitelle, the big fear at the moment is that consumers will hold off in taking advantage of the situation, expecting prices to fall even further.
Don't you find it just a little funny that all we heard for the past thirty years is that we spend and borrow too much, that nobody is saving, and now the great fear, the evil, if you will, that lurks inside the deep recesses of our souls is the urge not to blow our money on junk?
Yes, it was me; I had my hand in the cookie jar:
Former senator Tom Daschle fesses up. Seems he owes a ton of back taxes for benefits he received during the time he was out of office, acting as a consultant (you should be so lucky). The missing tax money is equal to about three or four or five times the average person's salery (depending on whose doing the averaging). Just a dumb mistake, the health and human services nominee says. (See today's New York Times.)
Don't you love politicians who stare us soberly in the eye and tell us that we must get control of entitlements?
We Exist To Feed Them:
By now you've heard it too often: Wall Street brokers walked away with $18 billion in bonuses after they'd managed to screw things up to a fair-the-well. Our president cried foul, but the bonus babies have all replied tough luck. They control the money. The world is their cherry pie. We're just the cattle in the field, existing to be milked until we can no longer deliver the goods and get turned into hamburger.
Hey! There could be a fix for this. We used to have mechanisms for adjusting this sort of greed. You tax the suckers. They can avoid the higher taxes if the money goes back to work for the rest of us.
The brokers, in self-righteous indignation, claim they work hard and deserve the comp. That's the same nonsense everyone claims when they've screwed up the job: But I worked really hard, I should get paid. Right, and if you hire me to fix the plumbing in your house, you're going to pay me a bonus (correct?) when I screw your plumbing up even worse. 'Cause I worked really hard doing it. (See Alan Feuer's New York Times' story.)
Lincoln's Party or Obama's Victory:
The Republican National Party has seen the light. The party that was brought back to prominance by appealing to bigotry and race hatred has just elected an African American as national chairman. (See The Washington Post story.) Now the question is will women and minorities take the bait?
posted by Jim | 10:21 AM
1 Comments:
"Just a dumb mistake, the health and human services nominee says."
Because we'd much rather have someone who doesn't know how to pay his taxes as our Senator than someone who simply wants to cheat us and knows how to do it.
Wait. Are those my two options?
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