Well I wonder how long the post election euphoria will stall the crash? Once the consumers realize their vote won't have any effect for about 6 to 10 years the desperation might begin to set in. If that happens on a larger scale our economy will begin to come apart at the seems. Then what will the liberal bleeding hearts do with their feel good approach to government? The rest of the world is watching like never before. "Can't we all just get along". Sure we can all get along as long as other foreign countries don't decide to challenge our weakness. What then? I suppose we are going to try the milk and cookies approach to terrorism? I suppose the only problem with that scenario is at the milk and cookie party some of the guest will probably be armed and dangerous. What then, hit them with the whole plate of cookies and splash milk in their eyes? That ought to show them just how tough we are!
I still think the only way out of our mutual situation is to support small business growth. That will create jobs and begin to restore consumer confidence. Once we all get over the fact that some of you went into debt to far and couldn't take care of yourselves in a deep recession we will begin to work again. Maybe not at your old job but a new more realistic profession. One that doesn't involve cheating the public. Our nation became great because we were willing to build better products with skilled labor than any other country after WWII. Now their are other countries with a much more dedicated work force and they are building much superior products to our meager efforts. I own a business that I have attempted to take green. It is cutting edge for what I do but not very many manufacturing industries have been able to do this. The consequences of the environmental movement has placed an unfair competitive balance in favor of other nations. Their is no quick fix, we loose. Eventually things will work out because we, as a people, will not just lay down and take it. I believe we will begin to build green industries that will provide products the rest of the world will steal and build cheaper and better. That has been the pattern for the last 40 years or so. The outlook does not hold a picture that will ever be as prosperous as this generation has experienced. From here on out we are going to have to all work harder for less money. The peak has been reached, it's down hill from here for quite awhile.
Sunday, November 16, 2008
Monday, November 3, 2008
Election Day is here....
I have been wondering and worrying a little as election day is here. If television is the controlling factor it looks like we are going to have the first complete change of power in my life time. I was born in 1952. In my adult life there has never been anything like what we are moving into. For the first time we will not be under a two party balance of power. All I can hope for is that my opinion about socialism is wrong. We have started down the slope of turning more of our lives over to the people in Washington D.C. One political party will be able to pass tax laws, change the constitution, or anything else they want to without an opposing point of view to battle with. With out a checks and balance it might become illegal to broadcast right wing opinions on the radio. There was a movement to restrict people like Rush Limbaugh and Sean Hannity in congress a few years back. There will be nothing to stop those types of laws from being passed now. "I may not agree with what you have to say but I will defend with my life your right to say it." Those days might be over. You see, no matter what your point of view is, you should have the right to voice it in print or by broadcast. When one group of people restrict another point of view it will be the beginning of the end of the last of our freedoms. As I said I hope I am wrong.
I will be watching as our new world evolves. I am an American. I will support our President, whom ever is elected. Unlike the angry mob that just wants to attack the current administration. I agree that our government is corrupt, but baby you haven't scene anything yet. The uneducated voters are about to unleash the first unrestricted power structure we have ever been governed by. Wait until the Democrats get their hands on the printing press and the congress at the same time. If you like earmarks as a proper way to distribute our tax proceeds, you will love whats coming.
Like all small business owners I will adjust to any tax law change. That is how our system works. If you want to slow the economy down you raise the tax burden and we slow down to a level that reduces what we have to pay so we don't go bankrupt under the burden. If you want to speed the economy up you reduce the taxes and regulations on small business's. Small business then creates new jobs. Jobs increase tax revenue. How simple is that. Under socialism taxes are extreme and the government is supposed to take care of us. Do you think we can trust them to put our needs first? They have never been trust worthy at any time in history. What on earth makes us think we can trust them to do the right thing all of a sudden. It's like having two bullies fighting it out on the street corner. As long as they are fighting the neighbor hood for the most part is left alone. Once one of them takes dominance their wrath is turned towards gaining more turf. The Democrats are just about to turn their attention to our possessions as a source of funding their gang. Our lives are always better when they fight between themselves. That's a democracy. We are heading into a one gang rule. What do you call that?
I will be watching as our new world evolves. I am an American. I will support our President, whom ever is elected. Unlike the angry mob that just wants to attack the current administration. I agree that our government is corrupt, but baby you haven't scene anything yet. The uneducated voters are about to unleash the first unrestricted power structure we have ever been governed by. Wait until the Democrats get their hands on the printing press and the congress at the same time. If you like earmarks as a proper way to distribute our tax proceeds, you will love whats coming.
Like all small business owners I will adjust to any tax law change. That is how our system works. If you want to slow the economy down you raise the tax burden and we slow down to a level that reduces what we have to pay so we don't go bankrupt under the burden. If you want to speed the economy up you reduce the taxes and regulations on small business's. Small business then creates new jobs. Jobs increase tax revenue. How simple is that. Under socialism taxes are extreme and the government is supposed to take care of us. Do you think we can trust them to put our needs first? They have never been trust worthy at any time in history. What on earth makes us think we can trust them to do the right thing all of a sudden. It's like having two bullies fighting it out on the street corner. As long as they are fighting the neighbor hood for the most part is left alone. Once one of them takes dominance their wrath is turned towards gaining more turf. The Democrats are just about to turn their attention to our possessions as a source of funding their gang. Our lives are always better when they fight between themselves. That's a democracy. We are heading into a one gang rule. What do you call that?
Saturday, October 25, 2008
Time to Vote
Well the election is almost here. As a small business owner I have been trying to keep up on the issues the best I can. It is hard. So much goes on behind the scenes that we, the public, never get to know. The political machines have their front men, McCain & Obama. I guess 1984 is finally here. We are controlled to vote by television for the most part. Very few people actually know anything about how this election will affect our personal lives. Most people don't really care about our country, only them selves. Our society has morphed into a greed fest. The natural balance of nature is bound to play out the imbalance in one way or another. I believe, as many people do, we are heading for an economic crash. The greed won't go away but a good ass kicking is coming. I for one think it is probably a good thing. Talk about income redistribution. A collapse will put us on more of an equal playing field until the process begins all over again. I for one should fare well. I don't have any money in the stock market. My properties will go down in value but I don't care. I use them, they are not part of a rental portfolio. I guess the influence of my parenting family, Aunts & Uncles and Mother & Father, who were children during the depression had some affect. I have been paying off my house for years. I have paid cash as much as possible for the things I have needed. There were times that I felt a little left behind as many people invested and rode the wave of prosperity to highs I have never reached for. I work with my hands and enjoy what I do for a living. I look forward to going to work every day. That has a value most people never obtain.
Back to the election. If television has the power I think it does Obama will be elected in November. As a small business owner I make more than $1,000,000 a year gross. That puts me into the tax plan by Obama. The problem is the reality is my net income is earned from my paycheck for the work I do in my business. The rest of the business funds are spread out over payrolls and direct business expenses. I have crunched my business numbers every way I can. With the Obama tax plan I will have to lay off two of my employees to lower my business volume so I will be able to make my increased tax payments to our new welfare state. I have been paying full insurance for all my employees and their families. Since I am not greedy I take very good care of my people. Thanks to our new socialism transition I will be forced to turn those responsibilities over to the state. I grew up believing that if you worked hard and played by the rules you could do something good for your life and others. A thought a job is the best form of assistance for people that need things for their families. The belief that the hardest working people should give to the lazy people doesn't settle well with me. On top of that I am going to be forced to put 2 of my 6 workers on the welfare roles to be able to pay the government for more of their mismanaged programs. Think about it, Obama's campaign is saying they will give low income people $1,000 for a year. I give my families $1,000 every month in the form of medical insurance. When Bill Clinton was President I didn't understand what these issues meant to me. I got an education. Boy did I get an education. I didn't take defensive precautions. I ended up in bankruptcy after some years due to tax liens. I didn't run my business strictly by the numbers only then. I tried to outwork the Clinton tax burden because I didn't want to put people out of work. It took me ten years to overcome that lack of political education. I now have that education. I know I can not out work a bad fiscal policy. I have no choice but to cut my work force to a point that reduces my income to a point that will allow me to reduce my tax liability. I have no choice. I learned from my last go around with Clinton. I need to work and keep going this time. I can not afford to let my emotions dictate my business decisions. I will never figure out how politicians lose sight of the fact we can not pay more taxes. Most people just barely get by as working class Americans. 90% of small business owners are not in any better condition than their employees. We are working class Americans that take on the responsibilities it takes to create jobs is all. This all makes me so sad. The ignorance of the basic workings of the smallest of businesses like mine is amazing. I am not rich, I just pay more bills than most people. Rich is net income or retained earnings. Some businesses have vast retained earnings. Bill Gates is an example of a small business with retained earnings that continued to grow. 90% of small businesses never grow beyond a modest profit if they are lucky.
I can't do anything about world politics. I can vote and I will. The reality of the situation is most of us can only make their neighborhoods better not the country. I live in a small town. We try to help where we can. We will have to all pitch in to try and maintain some sense of normal life. The damage to the banking system is done. The only way out from here will be hard work. You can blame the Republicans or the Democrats, their really isn't any good politicians. The situation is way beyond recovery at this point. I understand bankruptcy, I went through one many years ago. There is a point where you cross the point of no return. It is usually years before you are actually forced to stop your ridiculous behavior. Our nation started down that path when they took our currency off the gold standard. We slipped past the point of no return many years ago. As an example our nation has been living on credit cards to pay off credit cards for generations. It is now time to pay the bill and the reality of the debt stands at over 50 trillion. Every other generation has to relearn the lessons of our for fathers. "If you can't pay cash you can't afford it". "If you get in debt it will ruin your life". I didn't learn the lesson soon enough but I get it now. I guess we will just have to ride together as our nation learns this lesson on a massive scale. It is called a depression. That is how you feel when your go broke..... depressed. I am not depressed because I understand what is happening and I think I will get by better than many people, not as good as some. My collision repair shop will be in demand as new cars are harder to come by. I named my blog crash course. I guess with the economy doing flip flops it has a dual meaning when own a collision shop. I was going to express my opinions about the collision industry and what he insurance doing to rip off the general public through their claims policies but the banking collapse and the election has become more important. Vote to lower taxes and government control over the workers of America. Vote for someone that will expose the corruption. Vote to make people work for their money unless they are disabled or elderly. Don't let a con man buy your vote for only $1000 stimulus check. How long will that help you compared to a steady pay check and self dignity. Teach you kids that you work for what you get as a building block to their life's goals.
Back to the election. If television has the power I think it does Obama will be elected in November. As a small business owner I make more than $1,000,000 a year gross. That puts me into the tax plan by Obama. The problem is the reality is my net income is earned from my paycheck for the work I do in my business. The rest of the business funds are spread out over payrolls and direct business expenses. I have crunched my business numbers every way I can. With the Obama tax plan I will have to lay off two of my employees to lower my business volume so I will be able to make my increased tax payments to our new welfare state. I have been paying full insurance for all my employees and their families. Since I am not greedy I take very good care of my people. Thanks to our new socialism transition I will be forced to turn those responsibilities over to the state. I grew up believing that if you worked hard and played by the rules you could do something good for your life and others. A thought a job is the best form of assistance for people that need things for their families. The belief that the hardest working people should give to the lazy people doesn't settle well with me. On top of that I am going to be forced to put 2 of my 6 workers on the welfare roles to be able to pay the government for more of their mismanaged programs. Think about it, Obama's campaign is saying they will give low income people $1,000 for a year. I give my families $1,000 every month in the form of medical insurance. When Bill Clinton was President I didn't understand what these issues meant to me. I got an education. Boy did I get an education. I didn't take defensive precautions. I ended up in bankruptcy after some years due to tax liens. I didn't run my business strictly by the numbers only then. I tried to outwork the Clinton tax burden because I didn't want to put people out of work. It took me ten years to overcome that lack of political education. I now have that education. I know I can not out work a bad fiscal policy. I have no choice but to cut my work force to a point that reduces my income to a point that will allow me to reduce my tax liability. I have no choice. I learned from my last go around with Clinton. I need to work and keep going this time. I can not afford to let my emotions dictate my business decisions. I will never figure out how politicians lose sight of the fact we can not pay more taxes. Most people just barely get by as working class Americans. 90% of small business owners are not in any better condition than their employees. We are working class Americans that take on the responsibilities it takes to create jobs is all. This all makes me so sad. The ignorance of the basic workings of the smallest of businesses like mine is amazing. I am not rich, I just pay more bills than most people. Rich is net income or retained earnings. Some businesses have vast retained earnings. Bill Gates is an example of a small business with retained earnings that continued to grow. 90% of small businesses never grow beyond a modest profit if they are lucky.
I can't do anything about world politics. I can vote and I will. The reality of the situation is most of us can only make their neighborhoods better not the country. I live in a small town. We try to help where we can. We will have to all pitch in to try and maintain some sense of normal life. The damage to the banking system is done. The only way out from here will be hard work. You can blame the Republicans or the Democrats, their really isn't any good politicians. The situation is way beyond recovery at this point. I understand bankruptcy, I went through one many years ago. There is a point where you cross the point of no return. It is usually years before you are actually forced to stop your ridiculous behavior. Our nation started down that path when they took our currency off the gold standard. We slipped past the point of no return many years ago. As an example our nation has been living on credit cards to pay off credit cards for generations. It is now time to pay the bill and the reality of the debt stands at over 50 trillion. Every other generation has to relearn the lessons of our for fathers. "If you can't pay cash you can't afford it". "If you get in debt it will ruin your life". I didn't learn the lesson soon enough but I get it now. I guess we will just have to ride together as our nation learns this lesson on a massive scale. It is called a depression. That is how you feel when your go broke..... depressed. I am not depressed because I understand what is happening and I think I will get by better than many people, not as good as some. My collision repair shop will be in demand as new cars are harder to come by. I named my blog crash course. I guess with the economy doing flip flops it has a dual meaning when own a collision shop. I was going to express my opinions about the collision industry and what he insurance doing to rip off the general public through their claims policies but the banking collapse and the election has become more important. Vote to lower taxes and government control over the workers of America. Vote for someone that will expose the corruption. Vote to make people work for their money unless they are disabled or elderly. Don't let a con man buy your vote for only $1000 stimulus check. How long will that help you compared to a steady pay check and self dignity. Teach you kids that you work for what you get as a building block to their life's goals.
Saturday, October 11, 2008
Thankful for the skills
I have been watching the news like many people in the world. I can't help but remember my grandfather and my dad talking about what the depression was like. My grandfather died many years ago and I am in my fifties. We have been a blue collar family for generations. My dad was adament about either college or learning a trade. I didn't want to go to college and I didn't join a union but I developed a very high level of skill in the automotive collision industry. I know that I could have been anything that I wanted, looking back. Most people that are succesful at one thing could apply the same focus and work ethics to many other proffessions. My business skills and my technical ability have combined to keep my lifestyle quite comfortable for many years. Now that we could be heading into the next depresion I see what my grandfather meant when he said the guys who could fix anything were king. I am so thankful for my repair shop and all the wonderful equipment I have bought over the years. In my little town many people are self sufficient. We should have a partially stable micro economy. I don't think we will be on any type of an expansion program but comfortable simple survival might turn out to be an admirable position. I may be a little alarmist with these statements but if it all comes to pass I rest well at night knowing I am personally in a safe condition. A truck load of cash might not be worth near what a well built wind generator and some solar panels would be worth to run a battery powered green house and refrigeration units. Hunting, fishing and gardening might all become much more than a pass time.
I still love my work even after so many years. For this I am thankful for being brought up in a self sufficient blue collar family. Even though I have made millions of dollars over the years I still value my skills and tools above all else.
I still love my work even after so many years. For this I am thankful for being brought up in a self sufficient blue collar family. Even though I have made millions of dollars over the years I still value my skills and tools above all else.
Saturday, October 4, 2008
They Passed The Bail Out Bill.....
Well, they passed the bill, or should I say we just got billed? I have an idea that when the people of this great nation realize that we are still heading into a long recession they will settle into buyers remorse. You know that feeling a person gets at the moment you realize the car salesman won and you bought a car you didn't really want or need. If you just would have waited a couple of days before signing the loan papers. You probably would have realised that since the kids are grown you might not have needed that fully loaded Suburban for $65,000 when a good used Honda would have suited your lifestyle better. That is the equivalent of what we just did except you bought a new car and a house for every man women and child in this nation except the fat cats on Wall Street get the car and the house, you just have to pay for them. The used car salesman won. You now have to pay and pay and then your kids will pay and pay and then your grand kids will be paying long after you are dead.
Barney Frank was asleep at the wheel or his pockets were greased as the Banking Oversight chair. Don't get me started on Henry Paulson. Here is a guy who came from Wall Street, and is headed back to Wall Street after this election. Isn't that a little like robbing the store you work for and sending the money to your buddy so he can boost his business. Then you can quit the store you robbed to help run his new bigger business? Guess what, we own the store he robbed. He needs to go to prison along with our buddy Barney Frank! The Clinton administration deregulated the industry. That is where it started. He balanced the budget on phony paper and raised our taxes to the point of crushing us. Now close down our military bases and you have the best used car salesman that every graced our Television screens.
Wake up America! Being a Conservative doesn't mean you are a George Bush fan. He blew it. It means you have common sense and know we should not live beyond our means. As a business owner I understand this principle. Some business's might run sales to increase business activity. That is the same principle behind lowering our taxes. We increase our activity when we all have a little more money in our pockets. That increases the exchange between us which increases the flow of tax revenue to the federal government. If you increase my taxes I lay off some of my work force to lower my tax obligation. That puts another family on federal assistance. Don't you remember the well fare state of the Johnson and Carter years. It took Ronald Regan to snap us out of it. Right now more than ever we need a true Conservative leader that isn't afraid to blow the whistle on the corruption in Washington D.C. Sara Palin is that type of leader. That is why they are trying to stop her with everything they have. They are afraid that if McCain/Palin are elected, the party is over. My only fear is someone might try to kill her because she isn't afraid to take on the guys behind the scenes that we never get to know. The power mongers that control the money. We don't get to elect them, they run the the puppet show we all pay for.
Barney Frank was asleep at the wheel or his pockets were greased as the Banking Oversight chair. Don't get me started on Henry Paulson. Here is a guy who came from Wall Street, and is headed back to Wall Street after this election. Isn't that a little like robbing the store you work for and sending the money to your buddy so he can boost his business. Then you can quit the store you robbed to help run his new bigger business? Guess what, we own the store he robbed. He needs to go to prison along with our buddy Barney Frank! The Clinton administration deregulated the industry. That is where it started. He balanced the budget on phony paper and raised our taxes to the point of crushing us. Now close down our military bases and you have the best used car salesman that every graced our Television screens.
Wake up America! Being a Conservative doesn't mean you are a George Bush fan. He blew it. It means you have common sense and know we should not live beyond our means. As a business owner I understand this principle. Some business's might run sales to increase business activity. That is the same principle behind lowering our taxes. We increase our activity when we all have a little more money in our pockets. That increases the exchange between us which increases the flow of tax revenue to the federal government. If you increase my taxes I lay off some of my work force to lower my tax obligation. That puts another family on federal assistance. Don't you remember the well fare state of the Johnson and Carter years. It took Ronald Regan to snap us out of it. Right now more than ever we need a true Conservative leader that isn't afraid to blow the whistle on the corruption in Washington D.C. Sara Palin is that type of leader. That is why they are trying to stop her with everything they have. They are afraid that if McCain/Palin are elected, the party is over. My only fear is someone might try to kill her because she isn't afraid to take on the guys behind the scenes that we never get to know. The power mongers that control the money. We don't get to elect them, they run the the puppet show we all pay for.
Sunday, September 28, 2008
One Opinion
I don't know about you but I have a very ill feeling in my gut over what is going on in the financial world. I am no financial genius. I work hard to keep my business affairs in order. When my taxes are raised to cover this fiasco I could face having to lay off some workers to cover the tax. How is that going to help the economy? Why don't they lower the capitol gains tax so people can invest in the market while prices are down and let the market correct itself. Pass laws to keep the investment banks and other lenders from creating loan packages to sell on the secondary market. Golden Parachutes have got to go. Put those Bast***s in jail and sell all of their assets to reimburse some of the money people lost in their retirement mutual funds.That was my vented statement. After this there is no way of knowing if the markets will react in a positive way. At first they might an as people try to get some of their loses back and sell on the upswing the whole thing could collapse in a big way. This is different than in 1929. Most of the country never even heard about Wall Street collapse for weeks, months, or years after it actually collapsed. In today's world the run on the bank will happen all at once via the Internet. No one will be able to see it or stop it. In the blink of an eye we might go down hard.We will have to wait and watch. In God We Trust!
Subscribe to:
Comments (Atom)