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My Hero

The Boys, Griffie & Affie
A Good Attitude is Everything!
By: Joe Bottieri

December 16, 2019

Here's a comment for you to contemplate:
If you think your’e screwing the government when you cheat on paying taxes, you are wrong!  You are screwing your friends, neighbors and relatives. Yes, including your own family members.

December 10th, 2010
Wealth Redistribution – Not!

The term “Wealth Redistribution” misrepresents the process.  It’s really "Government distribution of my income through taxation".

Since “Wealth redistribution” implies they take the money only from the  wealthy top 5% of the population, it also implies that the other 95% of the population is on the receiving end.  That’s not the case, but with that assumption is there any doubt why most Americans might be happy with the concept?

Unlike Robin Hood who took form the rich and gave to the poor, our government takes from everyone including the poor, and gives to the lazy.

How can we win the fight against ‘redistribution’ (or socialism) if we call it something most or the population seems happy with? Let’s call it what it is and help them understand that MOST of us are involved on the LOSING end.

The truth is: it’s the government confiscating our assets and distributing them to others.  It's really “Government distribution of my income through taxation”.
By: Joe Bottieri
December 9th, 2010
Jobless recovery – wishful thinking!
We will not have a significant recovery until we create jobs. Yet, we’ve borrowed and spent trillions of dollars trying. Those trillions that have us at the threshold of bankruptcy gave us absolutely NO results.

Why? Because once the money is in the consumer’s hands it’s spent on imported products, thereby stimulating foreign economies. Look at China’s economy and how it continues to grow as the USA and other failing economies throughout the world pump trillions into their economies with no results. The benefits of that stimulus money ended up in the countries where the products are manufactured. Because of that, no matter how much stimulus money we throw at the high unemployment problem, permanent results are evasive.

The reason we’re in this mess in the first place started long before George Bush. It started when consumers stopped caring where or who made what they were buying as long as it was cheaper.  That’s just plain stupidity!

Big retailers started the destruction of our economy when they found products could be copied and made in China (and other 3rd world countries) for a fraction of what it cost to make them here.  All other big retailers follow suit. Their greed and consumer stupidity, destroyed jobs by the millions here. No amount of stimulus money can change that.

There are only two ways to create jobs here:

1.) On the consumer level: we have to stop buying foreign brand products,

2.) At the merchant level: they must purchase their inventory Made in the USA.

Because this has gone on for so long, many of the products we need are no longer available made here in the USA. The consumer is unable to stop buying foreign made products.  It is up to the retailers to undo the damage they did to our country, and they could do that rather quickly as it wouldn’t take long to get USA companies back to making what we consume.

Any attempt to create jobs by putting more money in the consumer’s hands will only create temporary jobs here while stimulating jobs in China and other countries that make most of the goods we consume. Once the stimulus money has been spent, we’re right back where we started.

We are not alone in this situation. All those European countries we are hearing about with struggling economies are in the same situation. Why-oh-why our politicians won’t admit and recognize the problem is beyond me. Are they afraid of offending China or are they afraid to admit their mistakes of setting ridiculously low tariffs on goods made in Asia?

The solution:

Taxes are a last resort, as no one likes them except politicians who get to spend the income.  Government intervention into private enterprise isn’t good either, but the problem has gone on for so long that only Congress has the power to fix it.

Here’s my proposal:

A new tax: Job-loss tax! Not an import tax or tariff, but a tax at the merchant level to cover the loss of jobs caused by buying inventory made outside our borders. For manufacturers - the same tax applied to the imported components they use in the products they assemble here.  This tax would immediately bring jobs back to the USA and the immediate (albeit temporary) income the government would receive from it would pay down out deficit fast.  This tax could easily be 100% of the product landed cost. The side benefit - the trade deficit would come into balance

We have to stop thinking it’s a world economy and we must participate. That’s BS spewed by those countries who want to dump products here.  Let’s get the fact straight: they need us – we don’t need them. They are not going to pull their investments out of the USA because we take action to strengthen our economy even if we reduce imports. They will however, pull their money out if our economy continues the downward spiral.

Lets hope the Conservatives have the will to do what’s right for our country for a change, and stop trying to be the world hero.  Unfortunately however, IMHO those greedy spineless bastards in Washington will cave to the special interest groups and not pass any legislation that will offend other countries while we drown in debt.

It’s not a world economy.

It’s private companies all over the world competing for your purchase. It does make a difference where your dollars go. This world economy crap is just that: BS shoveled to us by those who benefit from it.  Think about it: it’s just as important to those foreign companies (and countries) whose products you buy as it is to Ford Motor or GM as to whose car you buy. Wake up fast America it’s almost too late.

February 7th, 2010
(Copied from a Yahoo Buzz Up post)

Our wonderful Democrats are poised to pass what they call a "jobs bill" next week. What's in it? Tax breaks for a business IF you hire someone or IF you give an employee you already have a raise. Wow! It's almost enough to make you go out and start a business just so you can hire someone, isn't it? Ready for a lesson in rational thought? I promise - for you liberals - this doesn't hurt.

Let's say you own a small business.Got it so far? Now ... you would love to be in a position to grow your business, which would mean hiring more people. But there are a few things working against you; not the least of which is the prospect of some pretty hefty tax increases coming up. You report all of your business income on your personal tax return. At the end of this year Obama and the Dems are going to raise those taxes by at least 5%. They're also talking about various fines and penalties if you don't provide your workers with health insurance, and expansion of various laws such as family leave. There's a lot of uncertainty out there, and periods of uncertainty are not periods during which smart businessmen - and you certainly think you should be counted as a smart businessman - would expand a business.

So ... along comes this ill-prepared community organizer/president who tells you that he will give you a $5000 tax credit if you will just hire someone to work in your business. Trouble is, (1) you don't need an additional worker right now because your business isn't growing; and (2) if you do hire an additional worker it is going to cost you at least $50,000 when you consider salary, matching Social Security"contributions", unemployment insurance, workers comp and other expenses. So ... here's your choice. Do you spend $50,000 or more of money you really don't have right now to hire an employee you don't need just to get a $5000tax credit? No? Somehow I didn't think so. If you want to get these small companies to start hiring again, just take their necks out of the tax guillotine.

Why did they do this? The study shows that taxes on the wealthy have risen in recent years. They began to leave when lawmakers decided to change the state's tax structure including income tax hikes above the levels of New York, Pennsylvania and Connecticut. Lawmakers also did away with income tax deductions for charitable giving. Who does this ultimately hurt? Charities,local communities and state revenue coffers. John Havens of the Center on Wealth and Philanthropy says, "This study is important because it is the first time we have captured the movement of household wealth from one part of the country to another ... The migration of wealth out of New Jersey is substantial and significant.” And for you folks who love to participate in and wallow in wealth envy with Democrat demagogues .... If you're working for a wealthy business owner, why don't you quit your job right now? Go get a job from a poor person. Let us know how that works out for you.
We now have a large population who chose for their full-time occupation, to vote for the basic necessities instead of working for them.

We have people who would rather vote for stuff rather than work for it. These people are the Moochers. Politicians who are more than willing to oblige their requests are the Looters of society. They of course plunder the labor and property from the productive class... I consider the productive the 50% of the US population who pay income taxes. No doubt the other 50% were all educated by the government.
January 11, 2010
Ever since people started claiming we're in a World Economy, I have been arguing that we are not. We are in world competition with every country competing for the business. Today this was on Yahoo finance:
With the global economy still in trouble, especially in U.S. Europe, China's rise is spurring a "real anti-China backlash," according to Gerald Celente, director of the Trends Research Institute.

In part because of anti-China sentiment, Celente says the "buy local" movement is going to pick up steam in the coming years - and not just in the U.S. "We're going to start seeing trade barriers go up more and more and more," he says. "It's not isolationism but survivalism."

Unlike most mainstream economists, Celente does not, however, believe trade barriers are necessarily bad for the global economy, saying there really isn't free trade today but the "dumping of products using cheap labor."

Now does anyone agree with me that buying foreign made goods is bad for the country?

  January 3rd, 2010
Replacing the Income tax system

Income tax: A penalty for working and supporting oneself; the harder you work the bigger the penalty

This type of taxation penalizes workers and gives non-workers a free ride at the expense of the worker – it’s a barbaric tax system

Those who cheat the system by working for cash or who have a job such as a waiter, bartender, door person, prostitute, or laborer who receives benefits in cash doesn’t pay the same percentage as those who have an employer who records their income

Dishonest people who are conducting illegal activities like dealing in drugs or other black market sales get a completely free ride and pay no tax. That entire part of the economy pays no tax and that in turn increases the burden on the worker who does pay.

Income tax requires a huge bureaucracy to collect and supervise

Overall, there’s just too much cheating, rules and exemptions that increases the burden on the rest of us

VAT(value added tax): this tax is levied on the value added to product seach step of the way from raw material through completion (common in socialist countries)

This type of tax is difficult to control and like income tax would require a huge bureaucracy to collect and supervise

It would raise the price of our products against the rest of the world and cause a decrease in exports because of it

Loopholes: like income tax there is too much opportunity for special interests to get exemptions, reductions, etc. (I call it ‘cash for politicians’.)

National Sales tax: This is the fairest way to tax because it’s based on consumption rather than hard work

Easy to collect since all but two states already collect state sales tax, the infrastructure is pretty much in place for collecting a national sales tax. The IRS would be reduced to a fraction of its size.  No audits on individuals!

Some say it would be unfair to poor people – I disagree because the less you have to spend the less tax you pay. If the tax was applied to everybody and everything except food and medicine it could be relatively low since everyone would be paying regardless of where the money came from.

No longer a reason for anyone to move money offshore – more savings in this country

Foreigners would not get to use out municipal assets for free – they would be paying into the system also

Some say what about Internet sales? That’s easy! eBay could be forced to collect sales tax on anything that goes through their site as well as Amazon, etc.  or Credit Card companies could collect the National Sales Tax on Internet mail order sales. There’s a way to do it. It just will take some thought.

Side benefit of collecting a National Sales tax on Internet sales: more people would return to shopping in local stores boosting jobs locally.

No cheating, no creative accounting to avoid paying, no record keeping (at the employer or individual level), no EIN, just total simplicity

Businesses could reduce their cost of non-productive help and increase productive help and product quality and be more competitive worldwide because they wouldn’t be paying income tax either

December 20th, 2009
Republican supporters help Democrats win elections!

The problem with Republican supporters is they don’t understand how they helped Obama greatly when they did the following:

  • Made a big deal out of Joe the plumber and the redistribution of wealth  (there are more voters on the receiving end than those on the losing end)
The term 'Wealth' to the majority means wealthy people - the ones in the top 2%. The bottom 98% are happy to hear they may receive something for nothing from those rich fat-cats. They don't understand the democrats mean everyone who has more money than the person who will receive the hand-out. If you have $10 and the person next to you has 0, the Democrats want to take $5 from you and give it to the other guy so you're both even. That's redistribution of wealth.  A more simple term would be the redistribution of everything so no one has more than the next guy regardless if you worked to earn it or not.
  • The Democrats raising taxes on the rich (most voters are in the group the Democrats promised not to raise income tax on, so they welcome that promise with their vote)
Listen carefully! The Democrats promise not to raise your INCOME tax as they promise to raise INCOME tax on the wealthy.  BUT.... they are not promising not to raise your overall taxes.  They will raise taxes everywhere they can on everybody, but will disguise them. I.e.: raising taxes on corporations simple ends up raising prices on the products and services you pay for. (Hidden tax on everybody!) The down side is higher prices reduce jobs through loss of sales. You end up paying more tax, but it's hidden in the price of the goods.
  • Increase of spending on social programs (there are more voters on the receiving end than those on the losing end)
This is not possible without raising taxes and I don't mean INCOME tax.  You will pay more regardless of your income level.

There is no wonder why the Democrats took over. Most voters don't understand what's going on and only hear what they want to hear.

Republican supporters didn’t and never did, do enough to make the people understand: Visual aids are needed whenever these points are mentioned. The majority of the population doesn’t understand the ‘explanation’ - they need visuals to show:

  • Taxes on the corporations are a hidden tax on everybody
  • Taxes on oil companies are a hidden tax on everybody
  • Taxes on power companies are a hidden tax on everybody
  • All taxes are hidden taxes on everybody
  • Government reckless spending results in more taxes on everybody
  • Income tax is a penalty on people for having a job and going to work
  • A national sales tax is the only fair way to tax and it would bring the underground economy into the system.

The bottom line is this: the majority of the population wants the free handouts and/or easier financial life promised by Democrat politicians.  The more the media reports on the Robin Hood mentality of the Democrats and the increase of income tax on the rich, the more they are doing to help the Democratic Party.

What the Republican Party needs to be reporting on 'constantly,' are the hidden taxes the Democrats dump on those people they claim they are not raising taxes on. Explore every one and report with visuals – charts and graphs.

The more you report on how the top 2% pay most of the income tax, the more you’re helping the Democrats.  You should be showing (with visuals) how the bottom 98% are paying taxes they don't know they're paying and how much the Democrats have increased taxes on the bottom 98%.  You should be reporting on how the bottom 98% are being robbed by the government so the government can support the lazy 5% who won’t work as long as they receive the freebies paid for by the other 95%. You should be showing with visuals and facts, how higher taxes on corporations are just passed on to the end user, which is a hidden tax on everybody.  You should be showing how eliminating income tax altogether would benefit our workers globally and overall lower taxes for the bottom 98% due to increased economic activity while bringing into the tax base, all the illegally earned money of the underground economy.

I am amazed at how the Republicans help the Democrats win elections by promoting the Democratic plans through ill-thought reporting.  Think people – think!

Footnote: Many in the media are promoting a VAT tax to replace our income tax system. A VAT tax would be a disaster! Why: It's too complicate - would require keeping the IRS to administer and collect it and there's too many opportunities for loopholes gained by lobbyists.
A national sales tax is the only fair tax because iit's based on money spent - regardless of where it came from.
The difference between the two: VAT (value added tax) is a tax levied every time a product passes through a company that adds value to what it received from the previous supplier. Sales tax is just that, a tax to the end user. This is the fairest way because every dollar spent will benefit the tax base regardless of where that dollar came from.  If everything was taxed except medicine, food, and medical services, the rate could be rather low compare to income tax.  
Income tax is an awful penalty to pay for having a job and supporting oneself.  There are a lot of people who fall back just because they don’t want to pay income tax or pay more income tax as the rate goes up as you work harder and increase  your earnings.  It’s really a barbaric tax that does nothing to encourage, and in fact discourages hard work or work itself.
December 5th, 2009
Creating jobs:

Our president Obama wants to create jobs by giving tax beaks to employers to stimulate new jobs.  I say any reduction in taxes is good for the economy, which in turn will be good for the country. 


Before you can create jobs, there has to be a need for thep roducts.  All the tax breaks in the world for employers won’t do any good if they can’t sell their products. So here’s a quick and easy way to create jobs. “Buy products Made in the USA”.

Stop buying products made elsewhere.  It’s that simple! If you can’t find one made in the USA try to do without it by finding a substitute.

There is only one lasting road back to prosperity in this country and that is to get back to making what we use right here in the USA.

When you shop, think about fellow citizens and how your purchases affect there jobs and hopefully they’ll be doing the same regarding your job.

You can’t have it both ways: cheap imported products and good jobs here.  It’s just not possible!

Congress doesn’t seem to care about us.  If they did, they’d set tariffs and regulations to the same as the trading partner sets for our products.

November 2nd, 2009
Chinese Chicken

The USA is about to lift the ban on Chinese chicken. When asked if they will use it in their restaurants, Popeye's, Kentucky Fried, and Wendys said they would stick with domestic chicken suppliers. Burger King, Chick Fli-A, and Arby's did not respond to the question and McDonald's said they would evaluate the Chinese chicken before making a decision. 
So it's about safety! I ask you: When did any US government employee ever do their job to prevent a problem? Why should we trust Chinese authorities to supervise Chinese exporters when our own inspectors continually fail to do their job?

The bottom line is this: We should ban imported food and use caution when buying domestic food.

When the chicken-ban is lifted – I wouldn't trust Sam’s or Walmart chicken – you know where it will come from.  In fact, I'd be suspicious of major brands like Tyson, who may be tempted to buy Chinese chicken and put their brand on the packages.

           Alive and growing in every state ...  especially in CALIFORNIA  ...

Joe  Legal  vs.  Josè Illegal

 Here is an example of why hiring illegal aliens  is
 not economically productive for the State  of California... or any state!


You have 2 families..."Joe Legal" and  "Josè Illegal". Both families have 2 parents, 2 children and  live in California.
"Joe Legal" works in  construction, has a Social Security Number, and makes $25.00 per hour with payroll  taxes deducted ...."Josè Illegal" also works in  construction, has "NO" Social Security Number, and gets paid  $15.00 cash "under the table".
Joe Legal ... $25.00 per hour X  40 hours = $1000.00 per week = $52,000 per  year
Now take 30% away for state and federal  tax.
Joe Legal now has  $31,231.00
Josè Illegal... $15.00 per  hour X 40 hours = $600.00 per week = $31,200.00  per year.
Josè Illegal pays no taxes  ...
Josè Illegal now has  $31,200.00
Joe Legal pays Medical and Dental  Insurance with limited coverage.
$1000.00 per month = $12,000.00 per  year
Joe Legal now has  $19,231.00
Josè Illegal has full Medical and  Dental coverage through the state and local clinics at a cost  of $0.00 per year.
Josè Illegal still has  $31,200.00
Joe Legal makes too much money is not  eligible for Food  Stamps or Welfare help.
Joe Legal pays for  food
$1,000.00 per month = $12,000.00 per  year
Joe Legal now has $  7,231.00
Josè Illegal has no documented income  and is eligible for Food  Stamps and Welfare help.
Josè Illegal still has  $31,200.00
Joe Legal pays rent  of $1,000.00 per month = $12,000.00 per  year
Joe Legal is now in the  hole - minus (-) $4,769.00

Josè Illegal receives a $500 per month  Federal rent subsidy.
Josè Illegal pays  rent.
$500.00 per month = $6,000.00 per  year
Josè Illegal still has  $25,200.00
Joe Legal now works overtime on  Saturdays or gets a part time job after work.
Josè Illegal has nights and weekends  off to enjoy with his family.
Joe Legal's and Jose Illegal's  children both attend the same school.
Joe Legal pays for his children's  lunches.
Josè Illegal's children get government  sponsored free or reduced breakfast  AND lunch.
Joe Legal and Josè Illegal both enjoy  the same Police and Fire Services, but Joe pays for them and  Josè doesn't pay.  
Joe Legal saves and prays  his children can go to college someday.
Josè Illegal's children knock on the  door of any college and walk in to register without even a  bank account. After graduation, they don't go ba ck to help  their own home  country - they stay to raise free babies on the US  government tit. And the cycle goes on...........  

Don't  vote/support any politician who supports illegal aliens  continuting to drain OUR American tax dollars, school  resources, drive without a license or accident  insurance, flooding our medical clinics and hospitals with no  intent of paying for services, helping to fill our prisons,  loading our courtrooms, and don't bother learning to  speak or read English ... 

(if you still can't 'press one for English,'  then GO back HOME!!!) 

'Land of the  Free' does NOT mean American's live for  free.

Writer unknown!
This letter was sent to the Wall Street Journal on August 8, 2008 by Alisa Wilson, Ph.D. Of  Beverly Hills , CA  . in response to the Wall Street Journal article titled "Where's The Outrage?" that appeared July 31, 2008.
Really! I can tell you where the outrage is. The outrage is here, in this middle-aged, well-educated, upper-middle class woman. The outrage is here, but I have no representation, no voice. The outrage is here, but no one is listening for who am I?

I am not a billionaire like George Soros that can fund an entire political movement. I am not a celebrity like Barbra Streisand that can garner the attention of the press to promote political candidates. I am not a film maker like Michael Moore or Al Gore that can deliver misleading movies to the public.
The outrage is here, but unlike those with money or power, I don't know how to reach those who feel similarly in order to effect change.

Why am I outraged? I am outraged that my country, the United States of America , is in a state of moral and ethical decline. There is no right or wrong anymore, just what's fair.

Is it fair that millions of Americans who overreached and borrowed more than they could afford are now being bailed out by the government and lending institutions to stave off foreclosure? Why shouldn't these people be made to pay the consequences for their poor judgment?

When my husband and I purchased our home, we were careful to purchase only what we could afford. Believe me, there are much larger, much nicer homes that I would have loved to have purchased. But, taking responsibility for my behavior and my life, I went with the house that we could afford, not the house that we could not afford. The notion of personal responsibility has all but died in our country.

I am outraged, that the country that welcomed my mother as an immigrant from Hitler's Nazi Germany and required that she and her family learn English now allows itself to be overrun with illegal immigrants and worse, caters to those illegal immigrants.

I am outraged that my hard-earned taxes help support those here illegally. That the Los Angeles Public School District is in such disarray that I felt it incumbent to send my child to private school, that every time I go to the ATM, I see "do you want to continue in English or Spanish?", that every time I call the bank, the phone company , or similar business, I hear "press 1 for English or press 2 for Spanish." WHY? This is America , our common language is English and attempts to promote a bi- or multi-lingual society are sure to fail and to marginalize those who cannot communicate in English.

I am outraged at our country's weakness in the face of new threats on American traditions from Muslims. Just this week, Tyson's Food negotiated with its union to permit Muslims to have Eid-al-Fitr as a holiday instead of Labor Day. What am I missing? Yes, there is a large Somali Muslim population working at the Tyson's plant in  Tennessee . Tennessee , last I checked, is still part of the United States .  If Muslims want to live and work here, they should be required to live and work by our American Laws and not impose their will on our long history.

In the same week, Random House announced that they had indefinitely delayed the publication of The Jewel of Medina, by Sherry Jones, a book about the life of Mohammed's wife, Aisha due to fear of retribution and violence by Muslims. When did we become a nation ruled by fear of what other immigrant groups want? It makes me so sad to see large corporations cave rather than stand proudly on the principles that built this country.  

I am outraged because appeasement has never worked as a political policy, yet appeasing Mahmoud Ahmadinejad is exactly what we are trying to do. An excellent article, also published recently in the Wall Street Journal, went through over 20 years of history and why talking with  Iran  has been and will continue to be ineffective. Yet talk, with a madman no less, we continue to do. Have we so lost our moral compass and its ability to detect evil that we will not go in and destroy Iran 's nuclear program? Would we rather wait for another Holocaust for the Jews - one which they would be unlikely to survive? When does it end?

As if the battle for good and evil isn't enough, now come the Environmentalists who are so afraid of global warming that they want to put a Bag tax on grocery bags in California; to eliminate Mylar balloons; to establish something as insidious as the recycle police in San Francisco. I do my share for the environment: I recycle, I use water wisely, I installed an energy efficient air conditioning unit. But when and where does the lunacy stop? Ahmadinejad wants to wipe Israel off the map, the California economy is being overrun by illegal immigrants, and the United States of America no longer knows right from wrong, good from evil. So what does California do? Tax grocery bags.

So, America , although I can tell you where the outrage is, this one middle-aged, well-educated, upper middle class woman is powerless to do anything about it. I don't even feel like my vote counts because I am so outnumbered by those who disagree with me.
Alisa Wilson, Ph.D. Beverly Hills , California  

There are a lot more out there, including myself,  who think just like Alisa Wilson.  The only difference is that she put her thoughts in an email that will reach thousands. 

June 14th, 2009
You believe Bush caused the housing bubble?
A brief history of the financial crisis:

1977: Jimmy Carter (D) signs the Community Reinvestment Act, guaranteeing home loans to low-income families

1999: Bill Clinton (D) puts the CRA on steroids, pushing Fannie Mae and Freddie Mac to increase the number of sub-prime loans.

2003: The White House calls Fannie and Freddie “a systemic risk.” The Bush administration pushes Congress to enact new regulations.

2003: Barney Frank (D-MA) says F&F are “not in a crisis.” He bashes Republicans for crying wolf and calls F&F “financially sound.” Democrats block the Republican-sponsored regulation legislation. 

2005: Federal Reserve Chairman Alan Greenspan voices a warning over F&F accounting. “We are placing the total financial system of the future at a substantial risk.”

2005: Sen. Charles Schumer, (D-NY) says “…I think Fannie and Freddie over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world …if you look over the last 20 or whatever years, they’ve done a very, very good job.” 

2006: Sen. John McCain (R-AZ) again calls for reform. “For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac … and the sheer magnitude of these companies and the role they play in the marketplace … the GSE’s (government sponsored enterprises) need to be reformed without delay.” 

2006: Democrats again block reform legislation.

2008: Housing market collapses; Democrats blame the Republicans!
Still think it's the Republicans fault?
June 5th, 2009
So you think small cars will save them!

The government and all its naive policy-makers better take a good look at Toyota and Nissan. They seem to be under the assumption that those companies are profitable on small fuel-efficient vehicles.  Fact is: the profit vehicles for Toyota and Nissan are their larger vehicles and they have many in their line-up. And, those larger vehicles get relatively poor mileage compared to the US equivalents.
Large vehicles aren’t the problem with GM and Chrysler. Its higher manufacturing costs attributed to excessive labor rates, real estate taxes, pensions and other legacy costs, older building high cost of maintenance, building heating expense, snow plowing and yard maintenance in the winter, etc., and yes, some antiquated management techniques and the high cost of fuel.
Have you noticed that most of the foreign brand plants are in the south, are new and don’t have many of the costs related to them that GM, Ford, and Chrysler have and they get many tax breaks given to them by the state and local municipalities.
If GM tries to compete in the small “low profit” vehicle market with the continued high expenses they have, the company is doomed.  Same goes for the other two based up north in older facilities.  The cost of labor is only a small part of their cost problems.
What will save the US auto manufacturers is the same size vehicles they currently build, but with incredible fuel mileage and built to high quality standards.  Yes, with lots of chrome and bells and whistles. That is as long as the interest rates allow affordability of ownership.
That's my opinion. I'd be happy to hear yours.  email me

June 1st, 2009
“What happens on Main Street starts on Wall Street” (CNBC 5/29)

Funny, I’ve been trying to get that point across for years.  Most economists and for sure all the media (until the other day when they made the above statement), have reported that the stock market rises and falls in anticipation of the future economy. I say BS! The media, the Federal Reserve (interest rates) and company issued ‘Guidance” is what makes the stock market rise and fall.  Those bits of information are what cause shareholders (regardless of how they own them 401 or whatever) to spend money or not.  That spending or lack of spending is what causes the economic conditions.

As I’ve stated previously, the Federal Reserve controls the cost of credit and they do that in the name of inflation (one direction or the other). Fact is: if they’d set interest rates are a fair value and leave them alone inflation would eventually settle at an acceptable level (that is, if we had a balance of international trade).

Ah! but there’s the problem. We keep losing so many good paying jobs here in the USA that our buying power continues to decline and therefore we will always fall into a recession if the Federal Reserve doesn’t lower the cost of credit. Which in doing so our lower buying power is compensated for through lower ‘payments’, which thereby stimulates the economy.  

Why doesn’t that continue to work? It’s because the Federal Reserve doesn’t understand the real problem - unbalanced international trade! So as the economy starts to show signs of inflation, the Federal Reserve raises rates to slow down the economy.  They always raise the rates based on inflation rather than consumer buying power and the rates go up too fast and too high. Before they see their mistake it’s too late and the economy slows too much. You’d think they’d learn at some point, but they don’t.

If we truly want to fix the problem once and for all, we must level the field for international trade and either increase our exports or decrease our imports.  There’s a very simple solution.  Tariffs must be the same on both sides.  Our politicians have to understand that cheap imports only benefit us in the short term and are destroying our economy in the long term.  At the same time we’ve helped China become a super power. We’ll soon be scared to death of that country and all the others where we’ve sent our dollars by the billions for years.

May 29th, 2009
GM and Chrysler dealer closings:

Here’s my opinion about the dealership closings, that no reporter talks about.

FALSE: Cancelling some urban dealership franchises will decrease competition so the remaining dealers will be able to make more profit through less competition.

TRUE: Closing urban franchises will not help the manufacturers.  One; the dealer who wants to remain in business will pick up another brand – most likely a foreign brand. Two; empty dealerships will amount to very convenient “Plug and Play” facilities for China and India auto companies to acquire, creating more competition for Detroit and probably less sales.

FALSE: Building smaller fuel-efficient cars will make Detroit car companies profitable. 
TRUE: Building the same size and type of vehicles that will soon be here from China and India at ridiculously low prices will further hurt the three US companies.

TRUE: The large pickups and SUVs are what have kept Detroit going. It’s what they built that others didn’t, that kept them alive. (Why do you think Toyota joined the large SUV and pickup truck market?) It is and has been the high cost of fuel that hurt their sales – not the vehicles they built.  

TRUE: If GM, Ford, and Chrysler could increase the fuel mileage of the big vehicles they were building to make driving them affordable, we wouldn’t be bailing them out.

TRUE: This auto problem as well as the other problems with our economy is related to trade.  If we hadn’t lost so many good high paying jobs here we’d be keeping our economy prosperous.
TRUE: Closed manufacturing plants will be convenient "plug and play" facilities for foreign auto makers to move into and take more market share.

May 21,2009
What happened to our economy in my humble opinion

It wasn’t the housing bubble that caused our economic problems. It was the loss of good paying manufacturing jobs.  

Here’s why:

All the problems we are experiencing with this economy can be traced back to the loss of manufacturing jobs over the years.

As the good paying manufacturing jobs moved to foreign countries, our population’s earning power diminished. It got so bad that the economy slowed down. Rather than fixing the real problem, the Fed’s lowered interest rates to increase the buying power of those earning less than they should have been able to earn if there were enough good manufacturing jobs here.

With interest rates so low, people who couldn’t afford cars and homes financed under normal interest rates, found they could now afford them.  So they bought them and bought them in many cases for more than they would normally have been worth during a period of normal interest rates,  (because low interest rates provided low payments).

Well, this process continued until the Feds saw that inflation was rising.  Since inflations in any economist’s mind is the worse thing that can happen, they put the brakes on the economy by raising interest rates. (I believe the economists are completely wrong about inflation, but that’s another discussion.) However, they didn’t realize that raising interest rates would instantly make all those loans too expensive for people who couldn’t increase their income and it made buying anything on credit too expensive again for those earning low incomes (because so many good paying jobs have disappeared).

Let’s take a look at how and why all the good high paying jobs are being lost. First, we allow foreign companies to “ASSEMBLE” their products here and sell them as Made in the USA. When companies like Toyota or Honda assemble their vehicles here, most of the actual manufacturing is done back in Japan. This is true with most all the foreign companies with factories here. Second, we allow foreign countries to ship their products here at ridiculously low import tariffs. (In most cases less than 10% of what they charge us.)  Congress allows this under the STUPID assumption that cheaper products are good for our populations as cheap products allow us to live better on our income.  (Which wouldn’t be so low if we had the manufacturing jobs we used to have.) What they don’t understand is this stupidity is a downward spiral for our country.  As cheaper products from foreign countries suck up our good paying jobs, cheaper and cheaper products will be required in order to maintain our lifestyle as the upcoming population’s earning power spirals downward with the loss of more and more good paying manufacturing jobs.  

This problem isn’t going away. All the stimulus and all the help we’re giving people to bail them out of the economic problems won’t fix the basic problem.  When interest rates are raised again we’ll be right back to square one. The fact is: we’ve lost so many of our good jobs that there is no way to support a normal economy in this country.  Most of the population because of the low paying jobs, can only afford loans at ridiculously low interest rates.  Until we realize that it’s an industrial manufacturing base that is required to bring our economy back, we will continue to vacillate back and forth in and out of recession based on the cost of credit.

Think about it: if we lose 10 good paying jobs – that’s ten people who can’t afford to buy the product.  If we lose all 10 million manufacturing jobs – that 10 million people who can’t afford the product. etc.  What companies like Wal-mart, Target, Home Depot, Sears, Lowes, Harley-Davidson and just about every shoe and clothing outfit, etc., don’t seem to understand is they’re putting their own customers out of work. How the hell do they expect to sell products if their customers don’t have jobs to afford them? We can’t all live off the government hand-outs.

We keep losing jobs and the economists believe the cause is the recession.  I say the recession is the result of losing good jobs not the cause.

China put forth an economic stimulus and it’s working. One that I know of was a special deal to get people to buy new appliances BUT THEY HAD TO BE Made in China.  We’re helping GM and Chrysler and the economists are all over TV stating that GM and Chrysler would be doing the right thing having cars built in China and selling them here because it would be less costly to make them there.  Nothing in our stimulus program requires that the money be spent on domestic products to generate domestic jobs. Congress is promoting a new-car-buying stimulus, but nothing in it states that the vehicle must be a manufactured in the USA. (ASSEMBLED in the USA is NOT the same as MANUFACTURED in the USA.)  They must be idiots!  All they’re doing is stimulating other economies with our tax dollars. Simply take a look at India and China's economy - see how they grow manufacturing the products we consume!

Our stimulus-program checks end up stimulating foreign economies as most of what they are spent on is made outside this country.

Yes, we are freaking stupid!  Well anyway, our government policy-makers are!

No economy can survive if they don’t manufacture at least as much as is consumed in that economy. If we want to buy foreign products we must be exporting as much as we import. Otherwise, eventually there won’t be jobs to support buying anything.   We cannot import more than we manufacture and continue to prosper. Unless we change our attitude about importing so much of what we consume, this country and its citizens will never regain long-term prosperity.

Getting out of our recession requires getting people back to working at good paying jobs. Unless we do that we will circle right back to recession when interest rates are brought back to normal levels.  Banks are not going back to the loose lending policies NOT because money is tight, but because people don’t earn enough to repay the loans they want. There is only one simple answer to this problem: fix the unbalanced import export situation.  Doing so will create the jobs necessary for prosperity and the rest will take care of itself. Any other fix is only temporary and a waste of money.
Our government stimulus programs amount to little more than subsidizing the populous for the loss of good paying jobs. Which really is nothing more than providing customers with cash for all the companies who stock their shelves with foreign made products and companies who assemble products here with foreign made components. Meanwhile, our politicians are spending this country into debt so deep it will never get out without defaulting.  At the same time the fat cats get fatter and fatter selling foreign made junk at huge profits while the working class goes further and further down the ladder of prosperity.
One just has to be observant to see what's going on in the world. Look at the prospering countries - they're exporting more than they're importing. Their customers are doing just the opposite and are therefore suffering economic distress.

That's my opinion. I'd be happy to hear yours.  email me
January 23rd, 2009
Please note that I did not write this but could have!
Economic Stimulus Payment explained 

Sometime this  year, taxpayers will receive an Economic Stimulus Payment. This is a  very exciting new program that I will explain using the Q and A  format:

Q.  What is an Economic Stimulus Payment? 
A. It is money that the federal government will send to  taxpayers.

Q. Where will the government get this  money?
A. From taxpayers.

Q.  So the government is giving me back my own money?
A. No, they are borrowing it from  China .  Your children are  expected to repay the Chinese.

Q. What is the  purpose of this payment?
A. The plan is that you  will use the money to purchase a high-definition TV set, thus stimulating  the economy.

Q. But isn't that stimulating the  economy of China ?
A.  Shut  up."

Below is some helpful advice on how to best help  the US economy by spending your stimulus check wisely:

If you spend that money at Wal-Mart, all the money will go to  China .

If you spend it on gasoline it will go  to Hugo Chavez, the Arabs and Al Queda

If you  purchase a computer it will go to  Taiwan ..

If  you purchase fruit and vegetables it will go to  Mexico , Honduras ,  and Guatemala (unless you buy organic).

If  you buy a car it will go to  Japan  and Korea .

If you purchase prescription drugs it will go to  India  
If you  purchase heroin it will go to the Taliban in Afghanistan  .
If you give it to  a charitable cause, it will go to  Nigeria .

And  none of it will help the American economy.
FYI: About 20 years ago I wrote a commentary about the ultimate pitfall of moving our manufacturing off shore. I stated then that no country can continue to lose manufacturing jobs and believe that it won't make a difference in the country of consumption. Eventually, it won't matter how cheap the products are here - we won't have jobs to earn the money to buy them. Even the Walmart  (K-mart, Target, Lowes, Home Depot, etc.) employees will eventually lose their jobs and not be able to buy their cheap  imports, when the rest of us have no income to spend in those stores.
If I can find that paper I wrote, I will post if on this site.  It's in a file somewhere in this house. It was printed in a couple of national publications.

November 10th, 2008

The financial crisis caused by Wall Street NOT!

If you believe that Stock Market is meaningless to you and that the fat-cats on Wall Street caused the financial meltdown, you’d better think  again.

You don’t care if the market crashes? You wonder why your 401 is losing value? Have you ever wondered why it had gained in value so well over the past few years? No of course not! You don’t care about the stock market! FYI: Your retirement plan gained in value along with the stock market because the funds in that plan are invested in the stock market. So is your Mutual Fund, your Money Market funds, your Insurance premiums and just about everything including your bank account. Now do you think the government was wrong to rescue the financial institutions?  They were really rescuing you and your future.
The cause of the financial crisis started with the devaluation of real estate and the related mortgages on the books of financial institutions.  However, it wasn't those institutions who caused the real estate bubble.  What caused the value of the real estate to go up so quickly and artificially?  No it wasn't the low interest rates or the mortgage companies.  It was the buyers who caused the housing-bubble.  If they hadn't signed on the bottom line for something they couldn't afford we wouldn't be in this mess. Yes, Main Street not Wall Street caused the housing bubble. I agree that the temptation was put there by low interest rates and easy credit, but temptation was not the cause.

Here’s something else you may not know: It was the Democrats (Clinton and the others in Congress) who bowed to the minorities and instructed Fanny Mae and Freddie Mac to approve loans for buyers regardless of their ability to repay them.  An addition to affirmative action! You see; black and Hispanic buyers were being turned down for mortgages at a greater rate than white buyers, (DUH!) so they changed the rules requiring those mortgage underwriters to accept applications that would have otherwise been denied.  And, two years ago when cautious people (Republicans lawmakers) saw the potential of the financial crisis coming, it was the Democrats in Congress who resisted fixing the problem and who looked the other way as the problem got worse.  In fact it was Barney Frank (D-MA) and Chris Dodd (D-CN) who misled (lied to) Congressional committees looking into the careless lending practices that caused the meltdown of those financial institutions.

So now we have a huge problem caused by the Democrats.  We have people losing their retirement nest egg because the stock market has dropped in response to the financial crisis. People are losing jobs because business is slowing down, and on and on.  All caused by the same party (Democrat) you just elected to take over all the branches of Government!  With little Republican opposition – they’ll run wild!

Wake up people!  The stock market is made up mostly of US companies who employ US citizens.  When those companies fail to make a reasonable profit, their stock goes down and so does your retirement investments regardless of where you put the money. Think about it! Every time you bypass a Made in the USA product in favor of a foreign made item, be it a new car or a cheap garden hose at Wal-Mart, you are failing to help your own retirement account grow.

The stock market is your retirement account regardless if you invest directly in stocks or mutual funds or you put it in a bank, insurance company or your own employer's 401, or whatever.  It gets invested in the US stock market. The more USA products everyone buys the higher the stock of those companies and the bigger your investments grows.

Now think about it and see if you still believe that it makes no difference where the products you buy are made! And, don’t think just because it’s assembled here in the US that it’s o.k. Foreign companies who assemble products here take the profit back to their home country.  Their home country stock market gains, not ours.  Their citizens’ retirement accounts gain – not ours.

Still don’t care about the stock market?

Still rather buy a foreign brand product?

November 8th, 2008

Editorial by: Joe Bottieri

Now that we have our first black president:

How did this happen? No, not the fact that we have a black family in the white house! What I mean is how the hell did this guy come from nowhere with absolutely no experience managing anything to become the President of the largest most important business in the world – the US Government?

Well! I can answer that question for you. Besides every black voter casting their ballot for a black man - stupid white and Hispanic voters did the same! Those who are not black simply didn’t do their homework on Obama before voting for him to take control of the biggest, most powerful business in the world. You will soon have a black man who grew up in the ghetto of Kenya, with his finger on the nuclear arms button that could cause the termination of the world.  And, just as important, he will be able to make or break the world economy with decisions based on the Robin Hood mentality of the Democrat party - take what people have earned through hard work, and give to the lazy bastards who don’t want to work.

If you voted for Obama, you either voted for him because you’re black, because you’d vote for anyone representing the Democrat Party, or because you actually believed the bull-shit-promises he made during the campaign.  Vague promises that can’t possibly be kept.  If you voted for Obama you got suckered in by the “If it sounds too good to be true, it probably is”. 

Unfortunately, you’ll get change all right. That’s the only promise he made that he’ll keep. But… if you were listening, he never told what kind of change.  You don’t know what kind of change and you still voted for him.  That’s what happened in Cuba when Castro made the same promise to the Cuban people. If you don’t know what happened there, do a little research.  Cuba is little more than a very poor slum of a country and has been since shortly after Castro took over.  Before that it was a beautiful prosperous country. They got change all right, but not the kind of change that made their life better as they expected.

Right now because of the financial crisis and the rescue plan that put the US Government in business with the banks, we are already on the verge of sliding into Socialism. Add Obama to the situation and we are surely going to end up going that route.  Remember, Obama wants to spread the wealth – that’s socialism. Our dependant segment of the population will grow while the hard workers will disappear.  Why work when the government will take care of us?

Then there’s the International crisis that will surely test Obama soon after taking office. How he handles that can and will affect us for decades to come.  I’m sure he’ll have confident advisors, but will he listen to them?  I doubt it! He already believes he can fix Washington. I for one don’t believe it’s broken.  And, neither is Wall Street!

Mr. Obama and the rest of the Democrats want you to believe that they blame Wall Street for the financial situation we’re in.  Fact is; not one single bank or other mortgage-holder could have placed a mortgage on anyone who didn’t apply for it and sign the agreements.  So, who is really responsible for the overpriced homes - the housing bubble?  It’s Main Street! Yes, those of you who bought a home for more than it’s worth are the ones responsible for the high prices.  If you hadn’t agreed to pay those ridiculous prices and signed a mortgage you could barely afford at the ‘Introductory rate’ (ARM), you and the rest of the country wouldn’t be in this mess.  So you see, it isn’t really a Wall Street bailout package to rescue them from themselves.  It’s a government package to rescue the country from Main Street misconduct and foolishness.

Our new president and the Democrat controlled Congress want to keep those Main Street people from losing the homes they shouldn’t have had in the first place. They lied about being able to afford them. The Democrats will accomplish that, and all of us will have to pay through higher taxes.  Those of us who bought homes we could afford and made payments as agreed, will get no help. And, we will pay the price of helping the fools!

I’m not happy about the outcome of the election.  In fact I’m downright depressed about it. For you see, I did my homework on Obama and listened to his smoke and mirror statements.  It sounded too good to be true!  I’m depressed because I know what’s coming after January 20th, 2009.


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