Monday, October 26, 2009
Sunday, October 25, 2009
You Think I Make This Up
Minnesota, despite being flyover country, is honeycombed with incompetent, greedy, pathetic middle aged men posing as bankers. They have no skills, they have no talents, they only wish to "make the deal" no matter how previously-condemned to default and bankruptcy the deal is so they can skim their commission off the top. They then drive German-made cars and large SUV's as they pose as "successful businessmen" whilst behind closed doors beg for a taxpayer bailout like a bum with a cup in their hands. This is not "sour grapes." This is not "revenge." This is just the truth, people, and the future will bear me out (besides which I've had my revenge already).
Now I've said it before, and I'll say it again, Minnesota IS going to be one of the worst states in terms of bank closures and you will see it have its disproportionate share of bank failures compared to other states, adjusting for population. The primary cause is the likes of Riverview Community Bank, which was recently shut down by the Feds. "Community Banks" you must understand are these small town, local "community" banks that are basically the bottom of the barrel when it comes to the hierarchy of banks. While the likes of TCF and Wells Fargo were shooting down questionable real estate deals, there was no shortage of these second rate loser banks to sop up the deals and finance them while they played "imaginary real banker."
What's worse is that there are SCORES of these wanna-be-banks with wanna-be-bankers who financed "multi-million dollar real estate deals" so their impotent, inept middle aged bankers could say to naive 20 something girls, "Why I just finished signing off on a multi-million dollar real estate deal. I'm a multi-million dollar real estate banker!" (Little did the 20 something girls know they probably had a higher net worth as a waitress than these guys did with with their home equity line financed German car and overleveraged house.) Regardless, with so many of these petty, small time faux banks eating up the bad deals larger, more legitimate banks passed up on, you are going to see an increase in the number of Minnesota community banks come begging for a bailout.
But! Don't worry. Everything is going to be fine! The FDIC now assures us that they have the money to ensure our deposits at these Minnesota banks! (ht to Kate)
Of course never mind borrowing $500 billion would put the Federal government WAY over its debt limit already. And never mind we're already in the whole for $1.4 trillion this year anyway. The reason you should never mind is because Barack Obama is president and he's going to take care of everything.
Now you know why I installed my own wood burning stove and enjoy foraging for wood.
Now I've said it before, and I'll say it again, Minnesota IS going to be one of the worst states in terms of bank closures and you will see it have its disproportionate share of bank failures compared to other states, adjusting for population. The primary cause is the likes of Riverview Community Bank, which was recently shut down by the Feds. "Community Banks" you must understand are these small town, local "community" banks that are basically the bottom of the barrel when it comes to the hierarchy of banks. While the likes of TCF and Wells Fargo were shooting down questionable real estate deals, there was no shortage of these second rate loser banks to sop up the deals and finance them while they played "imaginary real banker."
What's worse is that there are SCORES of these wanna-be-banks with wanna-be-bankers who financed "multi-million dollar real estate deals" so their impotent, inept middle aged bankers could say to naive 20 something girls, "Why I just finished signing off on a multi-million dollar real estate deal. I'm a multi-million dollar real estate banker!" (Little did the 20 something girls know they probably had a higher net worth as a waitress than these guys did with with their home equity line financed German car and overleveraged house.) Regardless, with so many of these petty, small time faux banks eating up the bad deals larger, more legitimate banks passed up on, you are going to see an increase in the number of Minnesota community banks come begging for a bailout.
But! Don't worry. Everything is going to be fine! The FDIC now assures us that they have the money to ensure our deposits at these Minnesota banks! (ht to Kate)
Of course never mind borrowing $500 billion would put the Federal government WAY over its debt limit already. And never mind we're already in the whole for $1.4 trillion this year anyway. The reason you should never mind is because Barack Obama is president and he's going to take care of everything.
Now you know why I installed my own wood burning stove and enjoy foraging for wood.
Saturday, October 24, 2009
Friday, October 23, 2009
Going Galt Makes You Macho
October, it is in my estimation, will officially be henceforth known in my world as "Macho Month." And the reason I will consider it my own personal "Macho Month" is because I, your beloved Captain, has done no less than;
1. Replace a thermostat on my car
2. Replace a radiator in my car
3. Winterize 2 lawnmowers and a motorcycle
4. Install a wood burning stove and chimney at my house
5. Forage for at least 2 chords of free wood
All of which on my own.
Now you might say, "Cappy, I thought you were an economist and taught dance class? What's with all auto repairs and home improvement projects and everything? Shouldn't you adhere to the division of labor and specialize in economics and pay somebody to install a fireplace, fix your cars and store your motorcycle?"
And normally you would be right. But these are not normal times.
Understand that in these socialist times we live in today, it doesn't pay to work. The governments (state, federal and local) are estimated to expend 43% of GDP and this says nothing about the future promises of entitlements they've given to various special interest groups. Therefore if you're one of those working schmoes you're essentially slaving away for about half the year to pay taxes. And if you're one of those HIGH-EARNING schmoes, you're a veritable slave to the government for the majority of your working hours.
This is why you go Galt. Not that you choose to do this, but the government essentially makes any marginal pay you receive so marginal that it isn't worth the marginal time you must expend to earn what meager earnings the government will let you have. Therefore you find out how much you need, scale back your work and enjoy leisure time which (and this really pisses off the left) CAN'T BE TAXED!
Now the Captain has a fair amount of leisure time, but the problem in going Galt is that those who do go Galt are typically of the industrious sort and they soon get stir crazy. They're not the types to sit around and drink coffee at a coffee shop and then read THe Guardian while they talk to their liberal buddies about their manuscript for a play they wrote. They're people who know the value of work, have a strong work ethic and just can't sit still for more than a full day not doing anything.
The good news is that there are many things you can do that will not result in a paycheck, but will still improve your standards of living and essentially make it as if you have a tax free job. The most notable of these things are repairs and improvements.
If your car breaks down, you now face a problem. You have to give up some of your hard earned money to pay a mechanic to fix your car. The problem is doubled when the mechanic has to forfeit 43% of that money to the governments to pay taxes. In other words an exchange between you, the mechanic and the suppliers of any materials you might need, is now interrupted by a mafioso like government that insists you guys need "protection."
But if you've gone Galt, you have the one thing you need to avoid paying this unecessary protection money; time.
Oh, you may not be a great automechanic now, but just go on You Tube, look up what you want to repair or replace and usually there is a how to video ready and willing to hand hold you through the process. And in the end you've not only saved yourself a $400 repair bill, you also denied the government a $400 transaction which it cannot tax for it never happened.
There are also improvements to your household. The Captain is cheap. I have no problems letting the temperature in my basement go down to 32 degrees. I do this not to save the environment, I do this to save money. But as I thought about it, a nice wood burning stove would be nice to have. Not only would the basement stay warm, I'd save a LOT of money on gas, the pipes wouldn't freeze, AND I'd be emitting more carbon.
Again, I have a choice, do I spend the $5,200 I was quoted by the fireplace installation outfit? Or do I drop $1,500 on materials and do it myself? Sure, it took a week to properly install the flue, but in the end I saved myself $3,700 in labor therefore denying the governments the opportunity to tax that $3,700.
Now we could go on about how you can save money doing your own auto repair, improving your house, or doing your own computer repair, but the larger point is that to still produce while you "go Galt" the vast majority of your production is going to be in repairs and maintenance as these are things you can do on your own. You don't need the "double coincidence of wants" that is required for a barter exchange (besides which the government actually taxes you on the estimated barter transaction, not kidding, look it up). So while it is difficult for me to find say a dentist willing to trade dental work for dance lessons, I need no one to repair my house but me.
Now, since the majority of "Going Galt Work" is repairs and maintenance this practically forces you to become a macho guy. It's bumpy at first, repairing tires, changing oil, replacing a timing belt, but soon you're pulling out radiators, alternators, jerry-rigging things that were never meant to be but still work, installing fireplaces and cleaning out the carbs on your own motorcycle. You'll have grease and grit on your hands and under your finger nails. Women will look at you while you're dancing with them on the floor and say to themselves, "My goodness, not only is he a ballroom dancer, he repairs his own motorcycle and re-supported his house AND moded his own X-Box!" And soon not only will you be a rebel for going Galt and sticking it to the system, you'll be a macho Galt-Going rebel who will be able to do macho guy stuff with cars, the house, and the computer. And if they weren't already smothering you before, WOO HOO!!! Look out! THere's nothing more a lady likes and that going-Galt rebel who does auto repair, especially if he's an aspiring, junior, deputy or official economist.
1. Replace a thermostat on my car
2. Replace a radiator in my car
3. Winterize 2 lawnmowers and a motorcycle
4. Install a wood burning stove and chimney at my house
5. Forage for at least 2 chords of free wood
All of which on my own.
Now you might say, "Cappy, I thought you were an economist and taught dance class? What's with all auto repairs and home improvement projects and everything? Shouldn't you adhere to the division of labor and specialize in economics and pay somebody to install a fireplace, fix your cars and store your motorcycle?"
And normally you would be right. But these are not normal times.
Understand that in these socialist times we live in today, it doesn't pay to work. The governments (state, federal and local) are estimated to expend 43% of GDP and this says nothing about the future promises of entitlements they've given to various special interest groups. Therefore if you're one of those working schmoes you're essentially slaving away for about half the year to pay taxes. And if you're one of those HIGH-EARNING schmoes, you're a veritable slave to the government for the majority of your working hours.
This is why you go Galt. Not that you choose to do this, but the government essentially makes any marginal pay you receive so marginal that it isn't worth the marginal time you must expend to earn what meager earnings the government will let you have. Therefore you find out how much you need, scale back your work and enjoy leisure time which (and this really pisses off the left) CAN'T BE TAXED!
Now the Captain has a fair amount of leisure time, but the problem in going Galt is that those who do go Galt are typically of the industrious sort and they soon get stir crazy. They're not the types to sit around and drink coffee at a coffee shop and then read THe Guardian while they talk to their liberal buddies about their manuscript for a play they wrote. They're people who know the value of work, have a strong work ethic and just can't sit still for more than a full day not doing anything.
The good news is that there are many things you can do that will not result in a paycheck, but will still improve your standards of living and essentially make it as if you have a tax free job. The most notable of these things are repairs and improvements.
If your car breaks down, you now face a problem. You have to give up some of your hard earned money to pay a mechanic to fix your car. The problem is doubled when the mechanic has to forfeit 43% of that money to the governments to pay taxes. In other words an exchange between you, the mechanic and the suppliers of any materials you might need, is now interrupted by a mafioso like government that insists you guys need "protection."
But if you've gone Galt, you have the one thing you need to avoid paying this unecessary protection money; time.
Oh, you may not be a great automechanic now, but just go on You Tube, look up what you want to repair or replace and usually there is a how to video ready and willing to hand hold you through the process. And in the end you've not only saved yourself a $400 repair bill, you also denied the government a $400 transaction which it cannot tax for it never happened.
There are also improvements to your household. The Captain is cheap. I have no problems letting the temperature in my basement go down to 32 degrees. I do this not to save the environment, I do this to save money. But as I thought about it, a nice wood burning stove would be nice to have. Not only would the basement stay warm, I'd save a LOT of money on gas, the pipes wouldn't freeze, AND I'd be emitting more carbon.
Again, I have a choice, do I spend the $5,200 I was quoted by the fireplace installation outfit? Or do I drop $1,500 on materials and do it myself? Sure, it took a week to properly install the flue, but in the end I saved myself $3,700 in labor therefore denying the governments the opportunity to tax that $3,700.
Now we could go on about how you can save money doing your own auto repair, improving your house, or doing your own computer repair, but the larger point is that to still produce while you "go Galt" the vast majority of your production is going to be in repairs and maintenance as these are things you can do on your own. You don't need the "double coincidence of wants" that is required for a barter exchange (besides which the government actually taxes you on the estimated barter transaction, not kidding, look it up). So while it is difficult for me to find say a dentist willing to trade dental work for dance lessons, I need no one to repair my house but me.
Now, since the majority of "Going Galt Work" is repairs and maintenance this practically forces you to become a macho guy. It's bumpy at first, repairing tires, changing oil, replacing a timing belt, but soon you're pulling out radiators, alternators, jerry-rigging things that were never meant to be but still work, installing fireplaces and cleaning out the carbs on your own motorcycle. You'll have grease and grit on your hands and under your finger nails. Women will look at you while you're dancing with them on the floor and say to themselves, "My goodness, not only is he a ballroom dancer, he repairs his own motorcycle and re-supported his house AND moded his own X-Box!" And soon not only will you be a rebel for going Galt and sticking it to the system, you'll be a macho Galt-Going rebel who will be able to do macho guy stuff with cars, the house, and the computer. And if they weren't already smothering you before, WOO HOO!!! Look out! THere's nothing more a lady likes and that going-Galt rebel who does auto repair, especially if he's an aspiring, junior, deputy or official economist.
Economics Under a Democrat Senate
I am not a big fan of blaming one person or a small group of people for large economic issues that are obviously triggered by society. For example I do not blame GW for the current recession, just as I don't blame Barack Obama for the current recession or Bill Clinton for the previous recession (though the lethargic, painfully slow recovery circi 1990 Japan I will blame Barak and Bush for).
Regardless, I do believe congress is more powerful than the president as it is primarily their policies that are submitted to be voted on and implemented into law and therefore have more sway over a country, but I'm still not blaming democrats for all problems. Still, this chart suggests SOME correlation. I would prefer to see this going back to 1947 though.
Regardless, I do believe congress is more powerful than the president as it is primarily their policies that are submitted to be voted on and implemented into law and therefore have more sway over a country, but I'm still not blaming democrats for all problems. Still, this chart suggests SOME correlation. I would prefer to see this going back to 1947 though.
Thank you Mr. Brown.
Thursday, October 22, 2009
Deaths in Iraq vs. Afghanistan
I just found the data interesting in that you "hear" Afghanistan is going worse, but you never really see the data.
I also like how the "surge" "didn't work."
Another Reason Not to Buy The Economist
OK, it seems my former magazine flame has not only decided to change politics on me, but has now decided to get fat as well. Does any aspiring economist see what egregious error The Economist did here? 
The answer is: "What does a country's GDP per capita have to do with time off?"
What they should have correlated it with is RGDP GROWTH. Just because previous generations busted their asses off for their spoiled children to enjoy high standards of living and take vacation has NOTHING to do with what they're implying. Economic GROWTH is what matters, not the nominal GDP per capita people pre-establishedly enjoy.
I Love How they Choose to Live in Europe
We want to make to make the countries we escaped to just as crappy as the ones we escaped from.
Enjoy the 72 virgins.
Oh, sorry, almost forgot the HT!
Enjoy the 72 virgins.
Oh, sorry, almost forgot the HT!
Wednesday, October 21, 2009
Marriage is the New Fad
I've often said today marriage is like being engaged back in the 1940's. And being engaged today is like going steady in the 1940's. And dating today is like being friends back in the 1940's. There is no severity or seriousness we apply to courting anymore and just like you could break off an engagement back in the 1940's without much hoopla, you can get a divorce today quite the same. Of course that means there is no modern day equivalent of a 1940's marriage because the seriousness and commitment that existed back then just doesn't exist today, but I digress.
Ice Cream for Breakfast
I can't believe I have to write this post, but here it goes.
I AM AN ADULT.
AND IN BEING AN ADULT I CAN DO WHAT I WANT!
Remember back when we were kids and our parents would say,
"Well, when you pay for your own food, and pay your own bills, and pay your own rent, then you can stay up will 4AM and do whatever you want?"
Remember that?
Yeah? Well guess what!
I
BUY MY OWN FOOD
I
PAY MY OWN MORTGAGE
I
PAY MY OWN BILLS
ERGO!!!!
I CAN EAT ICE CREAM FOR BREAKFAST!
Don't you remember that as kids? You wanting to do all this stuff that your parents would not allow you to do, simply because you were a kid?
Well, now that you are no longer a kid and now that you are supporting yourself (unless of course daddy is still subsidizing your college tuition, and paying for your car or insurance) YOU CAN DO ALL THESE THINGS YOU WANTED TO DO BACK WHEN YOU WERE A KID!
But what do I get instead?
I get my NOW-ADULT FRIENDS saying I "can't do this!"
It's like they got nabbed and brainwashed and turned into those old-stodigy adults we so feared becoming and traitored on me. No, no, I have to have "breakfast food" for breakfast. I need to eat muffins and eggs and tofu and bark and leaves.
So, let me explain to those of you who are my age and somehow think there's something wrong with me having ice cream for breakfast.
1. I can have ice cream for breakfast. There is no way you can stop me. I can go to the store, buy ice cream, come back home and you have no legal means or forcible means to stop me. Ergo it's not a question of "can" I have ice cream for breakfast, it's a question of "SHOULD" I have ice cream for breakfast.
2. YES I SHOULD HAVE ICE CREAM FOR BREAKFAST. This has been a communist plot of our elders to keep us ignorant as children. Studies show that ice cream for breakfast increases your IQ by 40 points. It also has immeasurable health benefits such as strong bones due to the calcium in the ice cream, endorphins are released early on in your day, and it's a well-known fact that ice cream cures the common cold and attracts members of the opposite sex. A whole plethora of health benefits come with eating ice cream. Ergo it is a moral imperative that you eat it during the morning hours.
3. Who are you to tell me what I can and cannot do? Joseph Stalin? Mao Zedong? Barack Obama? And what do you care if I do these things? Not only do I have ice cream for breakfast, I have been known to have Rumpleminze for lunch AND stay up till 4AM playing video games on a school night (of course I didn't have school the next day, but I still stick my tongue out at you regardless).
So, the lesson we all need to learn from this is that it is OK for full grown adults to have ice cream for breakfast. If somebody can engage in vices where they smoke till they get cancer, drink till they have liver failure or marry so they lose half their net worth, then I can CERTAINLY have ice cream for breakfast.
I AM AN ADULT.
AND IN BEING AN ADULT I CAN DO WHAT I WANT!
Remember back when we were kids and our parents would say,
"Well, when you pay for your own food, and pay your own bills, and pay your own rent, then you can stay up will 4AM and do whatever you want?"
Remember that?
Yeah? Well guess what!
I
BUY MY OWN FOOD
I
PAY MY OWN MORTGAGE
I
PAY MY OWN BILLS
ERGO!!!!
I CAN EAT ICE CREAM FOR BREAKFAST!
Don't you remember that as kids? You wanting to do all this stuff that your parents would not allow you to do, simply because you were a kid?
Well, now that you are no longer a kid and now that you are supporting yourself (unless of course daddy is still subsidizing your college tuition, and paying for your car or insurance) YOU CAN DO ALL THESE THINGS YOU WANTED TO DO BACK WHEN YOU WERE A KID!
But what do I get instead?
I get my NOW-ADULT FRIENDS saying I "can't do this!"
It's like they got nabbed and brainwashed and turned into those old-stodigy adults we so feared becoming and traitored on me. No, no, I have to have "breakfast food" for breakfast. I need to eat muffins and eggs and tofu and bark and leaves.
So, let me explain to those of you who are my age and somehow think there's something wrong with me having ice cream for breakfast.
1. I can have ice cream for breakfast. There is no way you can stop me. I can go to the store, buy ice cream, come back home and you have no legal means or forcible means to stop me. Ergo it's not a question of "can" I have ice cream for breakfast, it's a question of "SHOULD" I have ice cream for breakfast.
2. YES I SHOULD HAVE ICE CREAM FOR BREAKFAST. This has been a communist plot of our elders to keep us ignorant as children. Studies show that ice cream for breakfast increases your IQ by 40 points. It also has immeasurable health benefits such as strong bones due to the calcium in the ice cream, endorphins are released early on in your day, and it's a well-known fact that ice cream cures the common cold and attracts members of the opposite sex. A whole plethora of health benefits come with eating ice cream. Ergo it is a moral imperative that you eat it during the morning hours.
3. Who are you to tell me what I can and cannot do? Joseph Stalin? Mao Zedong? Barack Obama? And what do you care if I do these things? Not only do I have ice cream for breakfast, I have been known to have Rumpleminze for lunch AND stay up till 4AM playing video games on a school night (of course I didn't have school the next day, but I still stick my tongue out at you regardless).
So, the lesson we all need to learn from this is that it is OK for full grown adults to have ice cream for breakfast. If somebody can engage in vices where they smoke till they get cancer, drink till they have liver failure or marry so they lose half their net worth, then I can CERTAINLY have ice cream for breakfast.
Tuesday, October 20, 2009
Retronomics
Mr. Trum, some of you know, is a regular reader of Cappy Cap and has started his own blog; Retronomics.
Of course, there is just one minor problem.
It's in German.
He assures me that in the future there will be an English version, but in the meantime you will all be mandated to read German.
Compliance will begin immediately.
Of course, there is just one minor problem.
It's in German.
He assures me that in the future there will be an English version, but in the meantime you will all be mandated to read German.
Compliance will begin immediately.
Big Time!
For those interested and who happen to live in the North Twin Cities metro, the Capitalism vs. Socialism speech will actually be broadcasted in its final edited form on public access cable.
Yes, yes, I know, I am making it big time now, and I shall remember the little people.
Regardless, it is pared down considerably from its original format I put online and is more of a project a friend of mine wanted to work on to hone his editing/filming skills. Only about 55 minutes, but takes some of the finer points and puts them into a professionally done video.
The schedule is here for those in the north metro interested in viewing it.
Yes, yes, I know, I am making it big time now, and I shall remember the little people.
Regardless, it is pared down considerably from its original format I put online and is more of a project a friend of mine wanted to work on to hone his editing/filming skills. Only about 55 minutes, but takes some of the finer points and puts them into a professionally done video.
The schedule is here for those in the north metro interested in viewing it.
Insurance Industry Profits
It is claimed by the Obama administration as well as leftists who like to make You Tube videos that the reason health care costs are so high is because of the profits the insurance industry makes. And that if we were to just get rid of those profits then the savings could be passed onto everyday people like you and me.
And let us not kid ourselves kiddies, with the amazing efficiency of the government managing a health insurance plan, you damn well know it's going to gobble up more than that paltry 4% LIKELY COSTING YOU MORE THAN A PRIVATE HEALTH INSURER WOULD.
Oh, but it's not really about the cost, is it? It's the fact somebody else will be paying for it. And that's what this is all about. I just wish people would be intellectually honest about this.
I was excited about this prospect of paying lower health insurance and so to see how much in savings would be passed onto me I looked up Aetna, one of the larger publicly traded insurance companies out there. I did this on Reuters because Reuters will not only show you the profit margins for the company you are looking at, but the entire industry. That way you can see just how high of profit margins these companies have and how much you're going to save!!!
Wow! The past 12 months the insurance industry has had a profit margin of .94%. That's not 94% for those of you who majored in liberal arts and never took calculus, that's .94%, LESS THAN 1%.
Now I'll be kind and intellectually honest enough to admit the 5 year average has been 4% in the industry, but are you freaking kidding me? At maximum a savings of 4%?
And let us not kid ourselves kiddies, with the amazing efficiency of the government managing a health insurance plan, you damn well know it's going to gobble up more than that paltry 4% LIKELY COSTING YOU MORE THAN A PRIVATE HEALTH INSURER WOULD.
Oh, but it's not really about the cost, is it? It's the fact somebody else will be paying for it. And that's what this is all about. I just wish people would be intellectually honest about this.
Sunday, October 18, 2009
Monthly "Obscene Profit Break"
Friendly reminder to all Cappy Cap readers out there to patronize my sponsors...most of which is me.
Regardless, to show your love you can;
Regardless, to show your love you can;
1. Buy Ugg Boots! - Yes, the only official sponsor of Captain Capitalism! Christmas is coming, what a better gift than a pair of Ugg Boots to keep warm!
2. "Better gift" did you say? Well it's hard to beat Ugg Boots, but you could always buy the gift of WISDOM and take a class from the Captain! Take "The Analysis and Valuation of Stocks" OR if you have a teenage son or daughter take an INVALUABLE class titled "Stocks, Bonds and Investing, Oh My!" This class is THE class you WISH you had back when you were 17. Well worth the money. You can sign up for classes here!
3. You know you're out there! You procrastinators! I know you're out there because most of my friends have procrastinated as well. But like my friends, I know you still care about me, so I forgive you. Regardless, get off your behind and buy the book!
4. Natasha has a calendar coming in November, BUT you can make her happy by donating NOW! All proceeds go to my favorite charity - ME! Below is a graph showing you our fund-raising progress to meet our goal of raising enough money to pay off my mortgage;
Only $299,767 to go!
5. Local folk are more than welcome to take one of my dance classes, but that's only if you live in the Minneapolis area. But fear not intrepid aspiring junior, deputy, and official ballroom dancers of far, far away lands, you can buy instructional ballroom DVD's! Men, you can hardly go WRONG with this for the lovely lady in your life. Shoot the ole Captain an e-mail at CAPTcapitalism@yahoo.com and he can mail you whatever kind of instructional dance video you need (a different girl each video!)
And of course you can always;
6. Tell your friends about Cappy Cap. The Captain always appreciates you forwarding me to family, friends, enemies, and those you are generally indifferent about.
But no seriously, cash is much better.
For My RSS Readers
Just so you guys know I will be uploading some files that have nothing to do with posts, however, since you do have RSS feeds, these posts will still show up, but are irrelevant. I apologize for the incovenience.
Many thanks,
El Cap-i-tan
Many thanks,
El Cap-i-tan
Friday, October 16, 2009
US Federal Budget Deficit as a Percent of GDP
Well, it looks like the federal deficit has hit an all time high, as well as an all time NON-WAR high in the history of the US. Not even during the Great Depression did we spend this much more than we had coming in.
However, I have actually had conversations with several liberals who blame Bush for this recession AND in the same breath said he did the wrong thing racking up those huge deficits. Of course when I point out that Obama is doing EXACTLY what Bush did with bailouts and deficit spending, ONLY 2-4 TIMES MORE, they oddly enough don't have a response.
This is of course because deficits under Obama are "good" and deficits under Bush are "bad."
You see, it's all very complex, and you idiots who weren't community organizers don't understand you can't hold Obama up to Bush's standards, let alone any standards, because you'd be a racist then. So, to recap the leftist position on US fiscal policy, I've improved the chart so you'd all understand.
I'm glad we cleared that up. And if any of you disagree with it, you're a bunch of nazi's.
However, I have actually had conversations with several liberals who blame Bush for this recession AND in the same breath said he did the wrong thing racking up those huge deficits. Of course when I point out that Obama is doing EXACTLY what Bush did with bailouts and deficit spending, ONLY 2-4 TIMES MORE, they oddly enough don't have a response.
This is of course because deficits under Obama are "good" and deficits under Bush are "bad."
You see, it's all very complex, and you idiots who weren't community organizers don't understand you can't hold Obama up to Bush's standards, let alone any standards, because you'd be a racist then. So, to recap the leftist position on US fiscal policy, I've improved the chart so you'd all understand.
I'm glad we cleared that up. And if any of you disagree with it, you're a bunch of nazi's.
Another Reason Not to Move to, Or Invest in California
You just can't make it up.
What I love is how nobody in California seems to be capable of linking this to their 13% unemployment rate.
What I love is how nobody in California seems to be capable of linking this to their 13% unemployment rate.
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