Showing posts with label financial institutions. Show all posts
Showing posts with label financial institutions. Show all posts

Thursday, October 1, 2009

Thoughts on a return to blogging

It has been a long and busy three weeks, and I have not been able to even gather thoughts in order to blog. Sorry.

There was some time to keep up with email, and to read some articles. Given what is happening in our world, there is a lot to blog about. I will try to do so with a bit more regularity than lately.

Looking about, one sees the United States, once respected, if disliked, has changed to being disrespected and still disliked.

All of that in a period of eight months.

This is because of the deliberate policies of our current government. It has sucked up to our enemies and offended and abandoned our friends. Intentionally.

Iran has just been given another pass, in spite of its threat. North Korea is ignored, to do whatever nuke development they wish.

Castro and Chavez to our south are being helped, rather than isolated, while Honduras and Colombia, our allies, are treated quite poorly.

The situation in Afghanistan is eroding, and the government is holding "meetings." There seems to be no sense of urgency, even though the President accorded Afghanistan important status when running for office.

Domestically, the economy is in the tank while the "stimulus" is spent to shore up supporters and arms of the Democratic Party. The big banking and financial institutions have been bailed out with nearly three trillion dollars of taxpayers' money, but the government entities refuse to account to the people for the money.

The majority party is trying to cram health "reform" down the throat of the 85% of the people who are satisfied with their health insurance, in order to make coverage available to an additional 11% of the people (and, of course, 12 million illegal aliens).

They are also trying to pass a "cap and trade" regime, which will enrich a few, but will constitute a huge energy tax on everyone else, even the poor. This is being done in a time of deep recession and increasing unemployment.

In the media, I notice that the New York Times has as the lead article a story about Senator John Ensign (R-Nev) and his affair, but there is not a mention anywhere of Charles Rangel (D-NY) and his series of felonies, nor of the bastard child of John Edwards, the Democratic presidential candidate, even though there is some here on Politico.

Enough.

A couple of weeks ago, as I sat out on my patio enjoying the evening with my puppy dog and an adult beverage, I had something of a premonition. Nothing specific at all, just a thought that something bad might happen. A friend that I told about it said he was having somewhat similar thoughts.

I think that when one considers the above, along with everything else, there is good reason to worry.

Perhaps that can be covered a bit in succeeding posts.

Thursday, July 9, 2009

China passes US auto market in first half sales

It was bound to happen sometime. Associated Press is reporting that the Chinese car market has surpassed the United States for the first half of this year.

No matter that we are in a severe recession, this is a big blow that has been coming on for a generation.

Poor fiscal management by our government and by the people for the last few decades is catching up with a vengenace.

Extremely poor management and greedy unions, along with government interference, has ruined our domestic auto industry. Now, much of it has been nationalized.

All of the above have driven a lot of our manufacturing capability overseas, with a goodly part to China.

Our economy was said to be fine, because we had the "services" industry, primarily meaning that the big financial institutions were thriving.

Well, now were are seeing the results of all of that.

We have spent trillions trying to cover the losses by the "service" industry, we are in a deep recession because of their excesses, and jobs are continuing to disappear at a frightening rate.

In spite of this, our politicians insist on trying to revive the same old economic paradigm that has led us to this situation.

Both Republicans and Democrats are responsible.

The ball is now in the Democrats' court and they are utterly failing to consider proper policies, instead wanting to borrow and spend our way out of a deep hole caused by borrowing and spending far too much.

They are still digging, and the hole is getting deeper by the day.