TheJOTUS

The Jim of the United States

Archive for January, 2008

Reagonomics

Posted by TheJOTUS on January 31, 2008

Luxury shoppers’ cuts could harm economy

January 28, 2008 3:21 PM ET

NEW YORK (AP) – It’s hard to feel sorry for well-heeled shoppers whose idea of tough economic times is passing on $1,000 Burberry raincoats or that $300 limo ride while the working poor skimp on vegetables and take the bus.

But economists say that recent signs of cutting back by the affluent could hurt the economy and deliver even more pain to lower-income workers, who are dependent on their business and fat tips.

Nathan Warren, a limo driver, knows this first hand: He has seen his monthly wages drop by 40 percent to about $1,800 since late last year. His work week at Newport Beach, Calif.-based Classy Ride Limousine Service was reduced to three days from five amid slow business…….Click here to finish

So when the affluent and wealthy stop buying, it hurts people lower down the scale?  You have the wealthy and you have the affluent, and they spend, and when they spend, that spending sort of “trickles down” to others below them.  So when you give tax relief, tax cuts to upper income workers, they spend more, and there’s a trickle-down effect?  So the AP has just done a story under the guise of feeling sorry for the poor and the middle class that they’re having to eat cereal and go without new clothes — and just validated Reaganomics.  So, the rich people can’t win.  If they make too much money, it’s not fair.  If they don’t spend what they make, everybody suffers.  My favorite quote is “Recent signs of cutting back by the affluent could hurt the economy and deliver even more pain to lower income workers who are dependent on their business. The limo driver is just but one example.”  Awesome…….

Posted in Jim's Gems (Click of the Day), Nuggets of Potpourri, Politically Speaking | Leave a Comment »

400 pound gorilla dead—Film at 11

Posted by TheJOTUS on January 31, 2008

A well deserved monkey killing………

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Posted in Jim's Gems (Click of the Day), Nuggets of Potpourri | 1 Comment »

State of the Union

Posted by TheJOTUS on January 30, 2008

bush.jpgAfter watching the State of the Union (SOTU), Bush still is in denial when it comes to democrats.  He is like George Segal in the movie “Not My Kid” in where he doesn’t believe his kid is a raging drug addict.  Bush is like the father of a son (democrats) who still believes he has potential and will turn himself around.  But in reality, the son is just a hopeless lost soul.  And probably retarded. 

For example, Bush has earmarked more money toward education and AIDS than any other President in history.  But yet on these two issues alone the democrats conveniently forget Bush’s generosity.  He continually reaches to offer help to his son and the boy keeps slapping away his hand.  Talk about biting the hand that feeds you. 

So this leads me to the democrat’s response to the SOTU given by Kansas Governor Kathleen Sebelius.  You would think they would get someone whose name doesn’t sound like something you need medication for.  “Hey dude, wanna go out for some beers and watch the game?”  “No man, I can’t.  I got Kathleen Sebelius and I am on this antibiotic and I am not supposed to come in contact with the public.”  “Dude, that sounds awful.” 

Sebelius was given a golden opportunity here and how did she handle the pressure?  Well, she handed out some valium. Rather than shocking the nation with sharp rhetoric and a smooth delivery, Kathy managed to put the entire country to sleep.  It really was an epic failure for a politician whose star is allegedly rising in the democratic party.  Sebelius attempts to take a more positive tone than in past Democratic responses, but still invokes partisan democrat talking points.  She says: 

”Our struggling economy requires urgent and immediate action, and then sustained attention. Families can’t pay their bills, they’re losing their jobs, and now are threatened with losing their homes.” 

For one, the credit crunch and mortgage crisis are problems that started long ago and are directly related to irresponsibility of the individual. Bush didn’t make people buy crap on credit cards, financed over 20 years at 19% interest. Bush didn’t make people sign up for adjustable rate mortgages or interest only loans and didn’t make lenders sell sub prime loans.  With that said, I found this a tad hypocritical in light of Kathy’s current record in Kansas.  Her state has fallen to 49th of 50 in overall economic efficiency during her tenure, reflecting employment, income and Gross State Product.  If Kathy wrote this speech, she is delusional.  If it was written for her, well, they’re incompetent.  She goes on to say: 

“We heard last week and again tonight that Congress and the president are acting quickly on a temporary, targeted stimulus package. That’s encouraging, but you and I know that a temporary fix is only the first step toward meeting our challenges and solving our problems.” 

Nowhere in her 20 minute, mind numbing, coma inducing speech, does she give suggestion on how she or her democratic cohorts can fix the long term problem.  She challenged the president to get to work to do something good for the people before he leaves office.  But Bush did.  He told you specifically what to do Kathy.  He told you to extend his tax cuts from 2001 that are due to expire in 2010.  That is an American response. 

Overall Sebelius lacked substance, which was predictable.  But she is going to work hard……….and work to find solutions………and maybe come in on Saturday………..make some schedules and lists on the work that needs to be done…….ahem.  She ended her speech “Thank you for listening. God bless and sleep well. And in the morning, let’s get to work.”   I will be at work Kathy as will most Americans, will you?

Posted in Articles, Politically Speaking | 1 Comment »

Political Designated Driver

Posted by TheJOTUS on January 29, 2008

“Pssssssst Ted!  Make sure you drive home………”

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Posted in Nuggets of Potpourri, Politically Speaking | Leave a Comment »

Reality Check?

Posted by TheJOTUS on January 28, 2008

celebreality.jpgI gotta tell you, I love reality television.  And reality shows seem to have taken over the primetime television line-up. It seems even more so with the writers strike.  The thought of someone making a complete fool of themselves really entertains me.  Every season a new reality show is added to every major broadcasting station’s lineup, based on a more ridiculous concept than any already existing show.

The entertainment value of these shows normally comes from the spectacle of other people embarrassing themselves for some sort of grand prize.  From American Idol where you might become famous to shows like Deal or No Deal where it targets the contestants pure greed.  In fact, more people will watch American Idol than the State of the Union Address.  Include me as one of those people.  Look, I love W.  But watching him speak is really not good television.  It’s like watching your dog crap a peach seed.  You want to help it sooooooo bad, but you know you just have to let it run its course.  Besides, I’ll read the cliff notes. 

My all time favorite reality show is one that involves celebrities.  And my personal favorite is VH1’s Celebrity Rehab with Dr. Drew (the former Love Line host).  Basically it involves former—well B-list—celebs in a rehabilitation unit.  My favorite is former Taxi and Grease star, Jeff Conaway.  He is so beaten down by rampant alcohol and drug abuse that he is basically confined to a wheelchair.  His speech is so slurred they often have to subtitle him.  And the crazy drama he creates is down right delectable!! 

But there are some critics of reality TV.  The social criticisms are based on two assumptions: that millions of other people are being taken in by reality TV’s deceptions or are being led astray by its unsavory messages. When a reality show depicts bad behavior, it’s immoral, sexist. perverted or sick. When the formally critically acclaimed series The Sopranos does the same thing, it’s great storytelling. We assume that viewers can empathize with Tony Soprano without wanting to be him; we assume they can maintain distance and see the difference between his words and the truth. Why? Because we assume that people who like The Sopranos are smarter, more mature — better — than people who like Reality TV. 

And are they? (Queue the America the Beautiful song)  Is there something simply wrong with people who enjoy entertainment that depends on ordinary people living on some island, getting their heart broken, being told they can’t sing, getting played for fools or going broke?  Is it wrong to enjoy the downward spiral of a washed up, celebrity hack in a rehabilitation ward?  Perhaps.  But I love it.

Posted in Articles | 1 Comment »

What’s in a Name?

Posted by TheJOTUS on January 26, 2008

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The downward spiral of the name Hillary.  Huh, I am sure it is just a coincidence……..Uh by the way, 1 represents the number one rank.

Posted in Nuggets of Potpourri, Politically Speaking | Leave a Comment »

Taxes and Government

Posted by TheJOTUS on January 25, 2008

declaration_independence.jpgWe need government and its coercive powers to protect our natural rights to life, liberty and property.  Protecting these rights is the legitimate and moral role of government in a free society.  So in that respect, we need government, which means we need taxes.  But as Thomas Jefferson once said “The natural progress of things is for government to gain ground and for liberty to yield.”   

Jefferson was absolutely right.  Today the average worker pays close to 40% of his yearly earnings to the criminals at the federal, state and local levels.  Even more, there is little a person can do that is not regulated by some government command, be it flushing our toilets, building a house, driving a car or even getting married.  Sure we can blame our pompous politicians for an increasingly oppressive government.  But the real blame is with the American people. 

But what is our government’s job?  Our government’s job is laid out in (I looked it up.  You can too!!) Article 1, Section 8, of the U.S. Constitution.  It gives Congress authority to lay and collect taxes to provide for roughly, among other things, roads, defense, printing money and the establishment of courts.  If members of Congress honored their oath and did only what the Constitution allowed, federal spending would be closer to the 4 percent mark instead of the 40 percent level it is at now.   

I am positive there is some liberal who will respond by saying something about the “general welfare” clause of the Constitution (then again, a liberal would have to read the Constitution first).  It basically authorizes Congress to tax and spend for Medicare, food stamps, crop subsidies and other gimmie handouts.  This is pure crap.  If the framers had that vision, they wouldn’t have put the effort they did in writing it.  They would have just said: Congress has the power to collect taxes to provide for all those things Americans would like to have but are unable or unwilling to pay for.  They didn’t because they had better vision and foresight.  They looked to limit the threat to your liberty by limiting what Congress could do.  Perhaps Congress needs a history lesson.

Posted in Articles | 3 Comments »

Tax Cuts for Everybody

Posted by TheJOTUS on January 20, 2008

Tax cuts–NOT rebates–stimulate the economy, stupid. 

January 18, 2008

Why Tax Rate Reductions Are More Stimulative Than Rebates: Lessons from 2001 and 2003

by Brian M. Riedl

WebMemo #1776

With slower economic growth raising fears of a recession, Washington is abuzz with economic stimulus proposals centered on tax rebates. Tax rebates, however, don’t stimulate the economy. Lawmakers currently examining economic stimulus proposals should reject rebates in favor of tax rate reductions.

Tax Rebates Don’t Stimulate

By definition, an economy grows when it produces more goods and services than it did the year before. In 2007, Americans produced $13 trillion worth of goods and services, up 3 percent over 2006.

Economic growth requires four main factors: (1) an educated, trained, and motivated workforce; (2) sufficient levels of capital equipment and technology; (3) a solid infrastructure; and (4) a legal system and rule of law sufficient to enforce contracts and contain a functioning price system.

High tax rates reduce economic growth, because they make it less profitable to work, save, and invest. This translates into less work, saving, investment, and capital–and ultimately fewer goods and services. Reducing marginal income tax rates has been shown to motivate people to work more. Lower corporate and investment taxes encourage the savings and investment vital to producing more and better plants, equipment, and technology.

By contrast, tax rebates fail, because they do not encourage productivity or wealth creation. To receive a rebate, nobody has to work, save, invest, or create any new wealth.

Supporters of rebates argue that they “inject” new money into the economy, increasing demand and therefore production. But every dollar that government rebates “inject” into the economy must first be taxed or borrowed out of the economy. No new spending power is created. It is merely redistributed from one group of people to another. (Even money borrowed from foreigners brings a reduction in net exports.)

Supporters of rebates respond that redistributing money from “savers” to “spenders” will lead to additional spending. That assumes that savers store their savings in mattresses, thereby removing it from the economy. In reality, nearly all Americans either invest their savings (which finances business investment) or deposit it in banks (which quickly lend it to others to spend). Therefore, the money is spent whether it is initially consumed or saved. Given that reality it is more responsible to let the savers keep that money for a new home or their children’s education, rather than to have Washington redistribute it to someone else to spend at Best Buy.

Simply put, low tax rates encourage working, saving, and investing, which in turn encourages job creation and wage growth. Tax rebates merely redistribute existing wealth…….Click here to read more

Posted in Conservatives in the Know | 1 Comment »

NFL Playoff Picks

Posted by TheJOTUS on January 20, 2008

As all of you probably know, the AFC and NFC Championship games are this Sunday.  In the AFC, the Chargers go to New England to take on the Patriots.  Sorry Charger fan, your train stops here.  Actually, it really won’t stop.  Tom will just slow the train down and push you guys right off.  Folks, this game won’t even be close. 

Smack talker Phillip Rivers is listed as doubtful.  Despite reports of LT’s knee being ok, it isn’t.  He didn’t sit (like a pansy I might add) basically 3 quarters against Indy for no reason.  Unless he really was a pansy.  The reason I say pansy is this:  Here he is in one of the biggest games of his career, in a close game, and he is sitting out with a bruised knee?  Give me a break.  Emmit Smith played with basically a busted shoulder against the Giants in a HUGE playoff game.  Man up and play LT.

Prediction:  Pats 42, Chargers 7.  Chargers score a garbage touch down late.

Vegas line:  Pats by 14 1/2

In our other contest, we have the Packers playing the Giants.  And again, we will have the media and announcers fawning over Manning.  This time it is Eli Manning.  Sure Favre will get his due, but it will be all about Manning.  And Manning will dribble down his leg just like his brother.

Case in point, when the Giants played the Patriots in the last game of the season Eli had the chance to seal the deal towards the end of the game.  But he threw a costly interception giving the ball back to the Patriots who scored and obviously went on to win the game.  Eli will do much of the same in this game.  It will be cold, very cold actually, and I think this favors Brett Favre and the Packers.

Prediction:  Pack 28, Giants 10.  It will start off slow, but the Pack will pull away.

Vegas line:  Packers by 7

Posted in Nuggets of Potpourri | Leave a Comment »

Friday’s Clicks

Posted by TheJOTUS on January 18, 2008

President Bush is mulling over an individual tax  rebate of up to $800.  Great, this will come in handy to help pay for the $1,000 I will owe the state of Missouri come April 15.  Criminals.  Is it just me or is something worng with this????

During their playoff game last week, Indy fans showed just how classless they really are by booing a 14 year old girl……….while receiving her recognition in the Punt, Pass and Kick competition held by the NFL.  Meanwhile, the New England Patriots are showing their class by honoring her. 

As stated previously here on TheJotus, Dr. Phil is a whore for the publicity surrounding he and Britney.  Turns out, he violated the law in doing so. 

We are too sensitive in this country.  Props to Tiger for looking past what is in my opinion, a non-issue

I think this guy  watched Backdraft one too many times…….

And…..the Darwin Awards!!!

Posted in Jim's Gems (Click of the Day) | Leave a Comment »

 
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