Archive for the ‘politics’ Category

You know, I really hate when wealthy people want to make fiscal decisions. Obama spoke in an interview with CNBC’s Maria Bartiromo on Monday and declared that he is in favor on increasing capital gains tax. Currently the tax is at 15%, but he spoke about increasing the tax nearly twice as much to the levels under the old Clinton. Those levels were 28%.

MoneyNews reported on this issue and already critics intelligent people are speaking out. Barrack is also talking about getting rid of the Bush tax cuts that are set to expire in 2010.

If I could go off on a rant here… What in the current economic condition screams more taxation? I mean, the market has tumbled over the past 5 months, the mortgage industry has been crushed, and the ripple effect on financial companies and investors is still rocking our pockets.

Taxing a voluntary investment for retirement is counterintuitive. On one hand you have the powdered wigs talking about needing to improve individual savings and providing for retirement. On the other you have them pushing taxes upon taxes on top of these economy building and sustaining tactics. Like this won’t impact savings or the stock market. C’mon man, think about it. I’m already hesistant to buy/sell stocks because of the current rate. What do you think will happen to other concerned and everyday investors when these rates double?

Obama wants to take the money that would be earned from these tax increases and bail out the Federal Treasury. Wow, great idea. Push the buck onto a portion of society that has probably the least amount of use for most of the overspending that has occurred over the past 30 years. He’d also use the money to promote scientific research and green energy. Like there will be any money left after bailing out the Fed, aka bailing out the overspending Congress.

He then goes on to say that the money will be used to “give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They’re not going to be able to do that.” Hello! Nobody is forcing these people into overspending, buying useless items, and getting into oversized and overpriced homes. How come you want to bail out consumers in debt, but you aren’t looking to cut the fat that you and the rest of the political cronies injected into our society. I’m middle class, and these taxes are going to hurt me, not help. You (politicians) continually talk about making policies that help the middle class, but they never do – you just shift the lines of the middle.

Yeah, the war in Iraq et al cost money and raised our deficit but remember this – we owed money before this war, and if past US leaders had made a stand years ago, this situation may not have occurred.

You know, I have come to grips with the reality that sports have been tainted for the past 10 years by steroids, HGH, and whatever other performance enhancing drugs there are. What kills me is that Congress is involved. What do they care that Barry Bonds reached the home run record by doping, or that Roger Clemens had a trainer stick a needle in his ass? Also, who outside of New England really cares about the Patriots recording practices? I don’t want sleazy politicians spoiling my sports entertainment. The Pats lost, Belichek is a punk and cheater, move on. So here are 11 (because it’s one louder) things I’d rather have Congress working on than steroids and sports.

  1. Iraq: People dying or Barry Bond’s huge head. Let’s kick the patriotism up a notch.
  2. Subprime fallout: Which is worse – 100’s of thousands losing their homes, or 1000 people getting buff.
  3. Deficit: Unless you are going to take some sort of profit sharing from sports to offset our bills, start cutting the fat. 
  4. Education: Our education system is pathetic. Why not work on finding ways to get better teachers, better salaries, and better programs instead of getting dispositions from Jose Canseco. 
  5. Taxes: I don’t want my hard earned money spent on getting testimony from some roid raging personal trainer.
  6. Immigration: Sure baseball welcomes illegals, but should the United States?
  7. Airline Industry: How come it took me 33 hours to get from Raleigh to Seattle and I had to pay for it? Get these chumps under grand jury testimony.
  8. The Real War on Drugs: Which is worse – having muscles or having no teeth? Tackle drugs like crack, coke and heroin. If Jason Giambi wants to have tiny balls and huge biceps,  best of luck to him. Last time I checked he’s not shooting people for $10 or stealing my car radio for a fix.
  9. Permanent tax cuts: Supposedly I’m rich, according to the IRS. Middle class gets crushed in taxes. Don’t make us pay even more.
  10. Budget: Look, I’d love to go out and buy fancy cars, clothes, and take vacations to exotic locations but I have limited funds and bills to pay. Cut out all the BS spending, get rid of these bloated programs that do nothing but suck money away from more important itmes (see #3,4, and 6), and find a way to turn us back into a economic powerhouse. 
  11. Trades/Economy: Can you please work on solutions to get the US to actually produce something? I’d like to see this economy grow and actually have goods and products for other countries to buy from us.

This is just a very short list of things Congress needs to be working on instead of investigating sports. I’m tempted to write my representatives and senators and give them a piece of mind, that is if they are even in session right now. The only people that work less that the French are Congress.