Olemike's Blog

Archive for August, 2010

Carter and Korea

Posted by olemike on 08/27/2010

Kudos to President Carter for bringing home the American being held prisoner in North Korea. While I think President Carter was a lousy president, he has done quite a few good humanitarian things.

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Unemployment

Posted by olemike on 08/19/2010

This article by Andy Grove hits the nail absolutely on the head regarding employment in manufacturing. Both political parties need to start figuring out how to bring manufacturing jobs back into the country. Tax policy would seem to be a good mechanism to get this done. There are probably many other ways as well.

I believe we will never solve the huge unemployment problem as long as most the products we use are made in other countries. The prosperity of the middle class over the last 50 years was due to good manufacturing jobs. Let’s get them back.

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November Elections

Posted by olemike on 08/16/2010

I have my fingers crossed for the Republicans to take control of at least one house of Congress this November. I believe that the country is best served by having split control of the executive and legislative branches of government. That always helps prevent the extremists of each party from passing legislation that is not in the best interests of the country. When forced to work together and compromise, our elected leaders can accomplish good things for the economic and cultural wellbeing of the nation. A good example of this was welfare reform which was passed by a Republican congress and signed by President Clinton.

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It’s BLT Time

Posted by olemike on 08/06/2010

Picked our first good tomatoes this morning.  Biggest was 7.8 oz.  Plenty big enough for BLT’s.

Posted in Gardening | 1 Comment »

Unemployment

Posted by olemike on 08/06/2010

The facts are in. The Obama administrations economic policies have not worked, are not working, and most likely, will not work to effectively get people employed. The private sector added only 71,000 jobs in July. With the downsized census labor force, there was a net loss of about 131,000 jobs

There are now about 14.6 million unemployed people in the country.

Let’s face facts. What the administration is doing to fix this problem is not working. Unfortunately, I don’t know that the Republican’s have any good answers either.

I know one thing. Job creation needs to be Job number One for the Washington powers that be – whichever party is in control. The American individual standard of living is looking pretty bleak right about now.

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Zucchini Bread

Posted by olemike on 08/06/2010

Fresh out of the oven – Yum. Yum

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Taxes

Posted by olemike on 08/04/2010

Here is an excellent article by Arthur Laffer regarding the wisdom of tax increases or decreases.

I’d be interested to hear from you about this article.

Posted in Politics | 2 Comments »

State of Virginia suit against Obamacare

Posted by olemike on 08/04/2010

Are many of you following the status of this lawsuit? I think it is quite possible that Obamacare will ultimately be found to be unconstitutional. If the Federal government can require you to purchase health insurance, can they also require you to purchase a Chevrolet, T-bills, borrow money from Fannie Mae?

If the government can require you to purchase (? – you name it) in the name of what’s good for the country, where will it end? What about our freedom to choose? Are you willing to give that up?

Heaven help us !

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Taxes – To Raise or Not

Posted by olemike on 08/01/2010

I was watching Fox News Sunday and they were discussing the pros / cons of allowing the Bush tax cuts to expire (or not). The numbers quoted were $680 billion / year and about $2.9 Trillion over the next 10 years. What that means to me is that the government thinks that they can spend that money more wisely that we as individuals can. Where is the benefit of taking $2.9 Trillion from the tax payers and simply spending it in other ways. Basically what it does is allow the government to redistribute from the wealthy (who earned it) to others who were not as successful. Our constitution guarantees equal opportunity – not equal results. Your results must be earned by you.

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Harvest Bounty

Posted by olemike on 08/01/2010

Early morning harvest today. However, we are still waiting for
tomatoes. We do get lots of cherry tomatoes.

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