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| Bidenomics-Bad for Real Income |
October 27, 2023
Bidenomics-Bad for Real Income
October 26, 2023
GDP and Recessions
A good GDP quarter. Will it last? By the only objective measure, 2 quarters of negative GDP growth, Bidenomics has given us 1 recession. Will there be another? We shall see.
Don’t trust evil
Iran and Hamas are evil. You cannot trust evil. And while acknowledging that even a blind pig can find an acorn every once in a while, there is a dramatic difference between Biden and the previous administration regarding trusting Iran and Hamas. 
October 25, 2023
I support Israel and the US
I am not Jewish. I am barely Catholic. BUT- I support Israel. As best as I can tell Israel is not evil. Hamas and Iran are evil and want to eradicate the Jews.
That part of the world began as wandering nomads between the early civilizations of Mesopotamia and Egypt.
It then became Cannan, tribes of Mesopotamians.
Then for a long, long time It was Egypt. Then for a time Alexander the Great’s, then the Roman Empire’s and then once again Egypt. Then for around 1400 years it was the Ottoman Empire’s
It was long inhabited by Christians, Jews, and Muslims.
In 1918, after the Ottoman Empire lost the war, Britain was given responsibility for administering that region.
Britain created Palestine as a homeland for the Jews and Jordan for the Arabs.
The Arabs never accepted the presence of the Jews, and continued to battle and resist.
Britain turned the problem over to United Nations who in 1947 proposed boundaries for Israel for the Jews. The United Nations Security Council accepted these boundaries in 1948.
On the eve of these boundaries beginning, the Arab countries invaded what was to be Israel. They lost. Upon losing this invasion Israel occupied the Gaza strip, and the West Bank.
Around 1956, 1967, and 1972 the Arabs tried invading Israel three times. They lost.
Israel has repeatedly proposed and accepted two state solutions.
Israel tried to give Gaza back to the Egyptians. They don’t want it.
Israel unilaterally left the Gazza strip to allow the Arabs remaining there, calling themselves Palestinians, to rule as they please. The Palestinians elected Hamas who then ruined Gaza and made it a terrorist Haven.
Israel is not evil.
Iran and their terrorist organizations, Hamas and Hezbollah, are evil and have a stated goal of destroying Israel and actively work to do so.
There is an easy way to stop the deaths in the Middle East.
Hamas can lay down their weapons and unconditionally surrender.
Iran can accept the existence of Israel and stop promoting its destruction.
They’re not tax breaks
Corporate tax break or investment discouragement
You often hear of the corporate tax breaks that the IRS through Congress action give corporations. However, what is often the case, is that Congress is deciding what expenses can be recognized when.
Companies spend money. And some cases they can deduct that spending in the same year they spend it. However, in many cases, they are not allowed to deduct those expenses in the year they spend it. They have to spread those expenses over several years. When they invest in equipment, they have to depreciate it over several years. Investments in research and development were allowed to be expense in the year they were spent. Now, the IRS is requiring research and development expenses to be spread over multiple years.
This increases the taxes the companies have to pay in the year they are investing. And while they will then pay lower taxes in later years, this requires companies to find money in the current year to pay the current taxes.
This discourages investment in research just as it discourages investment in equipment.
So, you see, it’s not tax breaks. It’s removing penalties on investment. Investment is good.
October 24, 2023
October 23, 2023
Systemic racism or culture?
Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.
Black lives matter - of course. All lives matter. But BLM is hurting blacks because it propagates the false narrative that systemic racism today is the primary cause of the disparities today taking away agency (responsibility for one’s actions.)
If you don’t identify the problem, you cannot fix it. What societal culture in our cities leads to such behaviors( violent crime, murder, teen mothers, fatherless households?)
It cannot be whatever small amount of systemic racism that may exist today because you cannot see the problem with black immigrants
Racism exists (though not widespread), it’s bad, and we should continue to work to reduce it. Excess police force exists (though rare), it's bad and we should continue to work to reduce it.
BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy, lack of agency) and do not address the key root causes (it’s not excessive police force or systemic racism.)
Biden Border Unfair
To legally immigrate into the US is almost impossible unless you are a relative (8 year wait), employer sponsored or win a very limited lottery.
No doubt there are highly capable, hard working people throughout the world that want to integrate into US society with its freedom and norms.
Tough luck!
On the other hand Biden continues to allow a porous border for illegal immigants.
The latest Illegal Immigration data released (late Friday of course.)
Biden’s border policies continue to be a mess, put many innocents at risk AND allow Mexican cartels to get rich.
So far illegal immigration is over 4 times more under Biden than Trump, averaging 222,000 per month versus 50,780. At this rate, this will be over 10 MILLION illegal immigrants under Biden's term. And this doesn't count the "got aways," people crossing the border without being caught. And unlike Trump, who retuned illegal immigrants to remain in Mexico until their claimed refugee status could be determined, Biden is releasing illegal immigrants into the USA with a promise to return at a distance future date for court hearings. The result is 100,000's of of illegal immigrants in cities across the country needing food, shelter and education for children and now having permission to work. Just imaging how many more illegal immigrants will be attracted to come and work in the USA, the greatest country.
How is this fair to the many people throughout the world trying to legally immigrate to the USA?
The Founders had three criteria for new immigrants: their qualifications; their assimilation; and their allegiance. Today, I have no clue what Biden's criteria or goals are.
I support immigration. A lot of immigration. But legal immigration, with a mix of merit based (engineers, scientists, entrepreneurs, doctors, mathematicians, etc.) and opportunity-based (people who want to work hard, adopt American values, and get ahead).
October 22, 2023
October 21, 2023
October 20, 2023
October 19, 2023
October 18, 2023
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