About Me

Name: Mike Silverman
Location: Milford, MA
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Blog Roll

 

DUST IN THE WIND....,

  The role of the Securities And Exchange Commission is fair and reasonable as far as it goes, but for our government to extend its hand any further is highly dangerous to the stability and security of our nation. The problem with it stems from over reliance on government to take care of the problems that are in fact the problems of private investors and company directors. The government has already spent all of our money. It's gone. It is now paying for its budget on borrowed money and it makes no sense to put such a fiscally irresponsible institution as the federal government in charge of deciding the course of action of any part of our private financial industry . Government will make decisions about business dealings and operations based on a political model, when it should be a business model. We've been led off on the wrong foot to begin with. We have to change the way we have been conditioned to think. In a capitalist society, which is a society grounded in freedom for the individual, there is no such thing as a business that is too big to fail. That is simply a basic economic fact of capital driven markets. But societaly, we have been conditioned by liberal progressives as economic pundits and news media "experts" to believe that we are doomed if a company like AIG fails. Any time that we look to government to take care of problems that arise from personally irresponsible behavior, whether that behavior is from the top executives at a company who have made bad business decisions, or individuals who have bitten off more than they can chew with personal financial decisions, we abdicate responsibility for ourselves. When we don't look within to find the problems and fix it, but look to an overbearing external power to sweep in and take control forcing changes that we have not vetted, making decisions about how much prosperity we are allowed, and revoking our right to serve our own best interests, we have given up our right to self determination. We have thrown away the freedom that was God given, in favor of having our destinies controlled by strings from a faceless body of government. In most states, the age of eighteen is the age at which a child is no longer legally considered a minor. Our governments have basically said.., "you have been alive for eighteen years, it's time you take responsibility for your behavior and not make it your parent's duty.". But, here we are with the likes of President Obama and Barney Frank declaring that we are not responsible for the problems we encounter when we buy a home we can't afford, when businesses we invest in fail to profit, or just plain fail, when major industries loose market share and thousands get laid off, when some people become fiscally wealthy and others don't, none of that is the fault of the people who are at the downside of those issues and the resulting consequences, we are merely victims of a faceless evil demon with great red horns whose name is Greed. The fraternity of socialists in our federal government are slapping the money out of your hands that you earned and taking it away from you, telling you that you don't know what's good for you so "we who sit in government" will give you what you need and you will become our mindless foster child for the rest of your life. At that point, life , liberty, and the pursuit of happiness becomes dust in the wind. You have to look in the mirror and decide whether you are the master of your own fate, or whether your master sits on a committee in congress, or even a chair in the White House.
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

OBAMA WON

Obama won. He likes to remind us of that when Conservatives criticize his stimulus package. But, just because he won., doesn't mean we need to stand by and allow him to drive down the economy even further with huge frivilous spending. Ostensibly, loans for purchasing homes were given to many people who could not afford them, in order to help them obtain the "American dream". At least that was the cloak in which these bad loans were made and were encouraged to be made by the Federal government telling private banks they "had" to allow this or face penalties. But, in light of this boondoggle of a stimulus that is "allegedly" somehow supposed work to undo the damage done by this policy, we all need to ask ourselves, what is that "American dream"? Is it simply owning your own home...? Or is it achieving a financial level of indpendence... that then permits you to afford owning your own home? The American dream since the country was founded has been individual freedom. Without that , we have nothing. Zip, zero, nada, nothing.The freedom to work and save for the things you want in life is inherent in the greatness of our country. People should not be thought of as "deprived" simply because they can't afford to buy and maintain a house. But.., we have a country and a population that has turned freedom on its head. Instead of being free to work hard and save and earn the things you want to have in life, many people now feel entitled to anything they want simply because they are United States citizens. It's no longer about working to achieve, but feeling entitled , demanding entitlements, and then figuring out later how to handle paying for it or be given an out with some tax funded program. As a population we seem to feel entitled to a house, entitled to a lifetime of medical care, entitled to well paying jobs, entitled to attend college, and entitled to an endless line of credit to get whatever we want regardless of the means to pay for it. This is a huge challenge to overcome. The government does not owe individuals a particular standard of living, and our earnings should not be taxed for the purpose of granting such percieved entitlements as owning a home. Now, Obama's boondoggle of a stimulus law is pure socialist manure and we should be worried that he was so easily able to get this passed through congress. The radicals like Obama have it backwards. We do not work for him, he works for us. Our job as citizens is not to provide him with an endless river of taxes to build his socialist playground with while he and his cronies decide how much of our earned money we are entitled to keep for ourselves. Cutting income taxes and captial gains taxes would be a huge boost to helping people be able to "AFFORD" owning thier own home.
 
If we have to have a mortgage bailout... ( and I don't think that we have to...) then here's my plan to help people who can no longer afford to pay thier mortgage.  It's much better than Obama's plan... and it's astoundingly simple, and it does not penalize anyone, and it helps every home owner who has a mortgage.  Tax forgiveness. Instead of taking tax money from paul to pay peter so that peter can meet his mortgage obligations, reduce all person's federal income tax by a level equivalent to their mortgage payment, to allow every person to meet thier mortgage... for the remaining term of the mortgage. After which time these people's income tax is restored to the standard level for thier income. Selling the house would require to pay back federal income tax equal to the amount that was forgiven. Make this plan optional , so that people who are paying mortgages can opt-in or opt-out at any time ( and as many times as they feel is needed) during the length of thier mortgage. This way the amount that they would have to pay back in tax upon selling the house is up to the individual who can choose at periods of time to take on the full mortgage burden himself at his normal income tax rate, thereby elminiating the tax payback for that period of time, and/or switch to the tax forgiveness option to reduce full burden of the mortgage. This also helps those who have already been foreclosed by helping them through reduced taxes to obtain a new mortgage.
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

UNCOORDINATED BALLERINAS

We need someone with GUTS to be the Republican party's Conservative leader. That is what is so infuriating, so frustrating, so deep down disturbing about the Party at this point. Look, we can see liberals all the time boldly standing up for the things they believe, regardless of how illogical they are..., but where is the boldness among Republicans? Where is that energy and drive and absolute commitment to purpose in a Conservative leader among Republicans? The liberal Democrats have the GUTS to do and say what they want. The Republicans lack GUTS, they lack COURAGE. Compared to the Democrats they're a bunch of flitting ballerinas tiptoeing and pirouetting around every controversial issue. And they're not even good at that. They're uncoordinated disjointed ballerinas. Maybe I'm just getting tired. Maybe it's just a fantasy and I'm being foolish to believe our country can produce another great thinker like Jefferson or Adams who knows what it takes to be an inspirational ideological leader among men. It seems like we throw opportunities away when they come to us. I was inspired about the possibility of a Palin VP possibly becoming a Palin presidency, but maybe..., maybe it was doomed to fail regardless. The longer we let liberalism seep into the fabric of our culture the harder it's going to be to find the Conservative who will take it all on and prove that our country's government can be restored to it's proper place and role as our founders intended.

We seem to have lost some former Conservative advocates like Gingrich, who want to take a moderate approach now... not be critical of Obama... etc..., and I think we should not try to pull them back in thier current state... because if they will throw away standing firm for Conservatism for the sake of appearing malleable and polite and gently concerned... basically be the New Tone Republicans ..., then we can't trust thier approach or thier dedication to Conservative ideology. We need someone with the GUTS to be a Conservative leader in political office. It's become plain that Conservatism is on par with the stance the Whigs of the Revolutionary War took against the Loyalists... a bunch of colonists who didn't want to upset the status, who felt that things would be better under the Monarchy. The colonial era Loyalists are like the Moderates of the Republican party today. This is a Revolutionary War of sorts, but instead of military battles we are fighting decay and rot within the Party leadership. Just like it took a General Washington to keep the fight going, to never give it up even under the harshest conditions, we need someone with that same grit to carry the Conservative banner high and be proud to do so. Conservatives... genuine Conservatives should be proud to defend the things we believe. We should be energized and motivated to bring the positive values of freedom and life to the table and have no fear of declaring those ideals openly and with strength. We can't fight a battle like this from a position of cowardice and soft tones. We can't rally people by expressing moderate views.

Now, as for Obama..., lately Obama had some stupid things to say. He has some unique gall to declare that Wall Street needs adult supervision. The liberals have blamed greed for everything except the problems that THEY caused. This statement by Obama shows, what we already know..., that he is an enemy of free market capitalism and that he intends to use anecdotes about greedy CEO's to deflect any blame from himself and his cronies on the banking committees. As for the vitriol and rage from the liberal gay and lesbian activists over Obama's choosing of Rick Warren to appear at his Inauguration, this is only the beginning. This is what we can expect during an Obama administration that portends to be the best friend of every wacky left wing cause under the sun. Any time he makes a token gesture, for show, toward a conservative cause , we are going to see nut cases swinging from the lamp poles and shrieking about Obama being a turncoat. This is the funniest thing I've seen in a while. Remember all the anger Conservatives had and still have over the political party-hoping antics of McCain? We were told by pundits and reporters and analysts to "grow up" , "get real" , "stop fighting against our own party". But you know they won't dare say that about the gays and lesbians. They won't take it out on the radicals special interest groups and they won't take it out on Obama. They will find a Conservative to spear over any such issues.
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

A NATION OF BEGGARS

Henry Ford, inventor of the automobile assembly line, founder of what is today the Ford Motor Company, said the following; "You can't build a reputation on what you are going to do.". In other words, results are what makes or breaks success. Henry ford is no longer with us, and it seems today that the ideals he brought to the manufacture and sales of cars has been lost with him. You can't succeed on a notion or an idea. You can't succeed by saying you will build hybrids and green cars, you have to have to build them and then be able to sell them. And if there's one thing manufacturers learn very quickly, it's that you can't sell what people don't want, no matter how you market it. People like lots of room in thier cars, they like to be able to carry more than three people comfortably in a big strong car that will survive a crash and can handle lots of luggage or groceries or camping equipment. They want big, powerful cars and trucks for thier businesses. And they like to get them at a reasonable price. For a brief time, when gas was over four dollars a gallon, sales of hybrid vehicles were on the rise and orders for them were big. But now sales of cars such as the Toyota Prius are way down from what they were six months ago. So, what has replaced those sales of the hybrid? Big flashy gas guzzling cars. It's what a lot of people want. There's still a niche market for the more expensive Hybrids but sales show they simply are not popular and not desirable unless gas prices force people to make that decision. With gas prices dropping every day, the market forces have returned to pre gasoline price shock consumption. If the federal government forces GM, Ford and Chrysler to change thier focus to the diminutive hybrids and green cars, sales will hit the bottom of the barrel for these companies faster than Barak Obama can say "change you can count on". If you worked in a private business ( and of course a lot of people do..), would you be embarrassed to take a gift of tax money to support your paycheck? I would. I would be embarrassed and ashamed and would never get up and demand that my neighbors pay my salary because I'm suffering, or because they "need" my services. When I hear the GM executives begging, it's embarrassing.  It's an embarrassment on a national scale that we have leaders of industry groveling before a bunch of self serving liberal socialists in congress. These men have no sense of honor, no sense of pride in themselves or the ingenuity that makes the country great. It is a comic tragedy when one of the most innovative industries our country has ever given rise to can not put their own brain trust into action to save themselves from themselves. These CEO's do not deserve to have the jobs they hold, and may God forbid that the youth of our nation look at these leaders of disaster as an example of anything worth becoming.  And when a union leader... or worse.. a typical UAW worker at GM or Ford or Chrysler whines to the media about how they're hurting financially and want the bailout to happen, it sickens me that they would want to play on the sympathies of others , play the violin and expect us all to cry for them, instead of getting themselves out and pulling double duty, extra jobs, whatever it takes to make the bill payments and , call me hard hearted if you want but no tax dollars should go to prop up the benefits and pensions that GM is on the verge of defaulting on. I don't paint them all with a sweeping brushstroke, but it's a sad commentary when an able-bodied person will become a beggar if they think they'll get tax money out of it. There are, of course, people who are genuinely disabled and can not fend for themselves, and we should always be ready to care for those people. But we are not a nation of sob stories, we're a nation of successes built on individual courage and the determination to make it happen. To see our government foster those who would be bums and beggars with promises of spare change in the form of bailouts is just disheartening. I support neither the auto executives nor the Autoworker's Union if that "support" is by way of tax money forcibly taken from me ... and given to them. But that's Obamaism in action. Taking money from those who produce and succeed and giving it to those who don't. If I want to support the auto industry then I will "support" them by purchasing the products they make if they make something I want. It's the government's constitutional duty to provide for the common defense, but it's not the government's duty to provide for failing domestic auto companies and don't bother trying to tell me that Ford, GM and Chrysler are a key part of our national security, you won't be able to sell that bridge here.
 
- Mike Silverman

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

IT'S TIME FOR CONSERVATIVES TO BREAK THE GLASS CEILING

The most obvious lesson people should be learning right away from all the bailout failures and frustrations, is that the people who control government revenues are the most politically powerful people on earth and will tolerate no one telling them they can't do what they want to do, and that includes the Constitution, and the citizens of the country.  It's Obama fever now for the liberals in congress. The Democrats are giddy right now with visions of massive spending like never before. Can you see the incrementalism occurring here? It's staggering, it's literally staggering. When they talk about granting the domestic auto manufacturers tens of billions of dollars to restructure... and in doing so ... they say they will create new bureaucracies such as an automobile czar, and oversight committees to rule GM, Ford, and Chrysler... it's pure incrementalism. And it's only the start. This is how the socialist agenda will take control of the biggest segments of our economy and make them government run entitites. This is massive. And it's frightening because they know it will work if they can sneak this sort of phased socialist takeover in under the radar. Everybody should be very worried about this. People want to feel good about the country. The liberalized media, political leader extremists like Al Gore, propped-up race baiters like jackson and Sharpton, all the radical groups who claim the US is a land of intolerance,  Obama himself saying that the US needs to reform its image..., have been working hard for years to convince people we are the dregs of the world, we are selfish greedy, resource wasting, polluting, race intolerant, war mongers. Where has the visible counter argument been except on the internet, occassionally on Fox News, a few periodicals for example the National Review and the Weekly Standard and a few nationally syndicated radio shows like Sean Hannity's, Laura Ingrham's and Rush Limbaugh's, ... , when you have the public being pounded with a sledgehammer of liberal talking points for years, and the opposition being falsely discredited with lies that do not get investigated or revealed as lies but perpetuated by the news media ( the alleged voice of "the people" ). The message that we need to get into the public arena is being stifled at the edges by an overwhelming broadside from the massive fleet of liberal agendas.  And when we have gutless , self-absorbed politicians on our side who are afraid of confidently defining right and wrong, who are reduced to liberalized media wonks looking to massage thier message to be sure they dont offend any particular group of voters.. of course we were doomed to lose this election, and probably many more, unless we stand on uncompromising principles. How can you realistically vote for a wobbly plate of Jell-o? Obama is a stuffed shirt full of phoney promises, but formed an issue on which he would not move, namely his phoney tax cut for 95% of citizens and raising the rate on the evil rich people AND here's where I think the pivotal point was..., he represented an iconic figure who ... with a LACK of anything more powerful being articulated and offered from the Republicans.., represented the most significant positive thing to vote for offered in either campaign, a breaking of the minority glass ceiling in the Presidency. That is a feel-good issue that McCain did not find a way to trump. He SHOULD have found a way to trump it... he COULD have found a way to trump it with a vital core Conservative message delivered with confidence and unabashed reverence for ALL the traditions that make the country great.. but he was awash in his maverick personna and his fear of upsetting some blocks of voters. Fear..., fear of the media has crippled the Republican party. You know, if a Republican Conservative would simply say... "screw the media..." and be staunch, it wouldn't matter how the media spins it. A genuine Conservative message is what it is at face value, there is no massaging or nuancing in Conservatism. Sarah Palin said at the Convetion that she wasn't going to DC to please the media. If only we could give that steel spine of resolve to the party, wonders could occur. The media talks about glass ceilings being broken, well..., there's been a glass ceiling that's been in existence now for years, built by the intolerant left with the willing aid of national media in order to keep traditional values down... it's time for Conservatives to break through that glass ceiling.
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (2) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

THE NEW AMERICAN CIVIL WAR HAS BEGUN

What's going on here is despicable. People whose livelihood is in jeopardy because of badly managed companies are being given false hope that thier jobs can be saved by government redistribution of wealth in the form of multi-billion dollar giveaways to prop up  those failing companies. And this sets up not only a class warfare situation but a war among the common citizens of the country who have every right to expect that thier tax money will not be blown away propping up failing industries, and those who work at the blue collar jobs in those very industries who feel that this multi-billion dollar boondoggle is their only hope. This irresponsible behavior by congress is causing an economic CIVIL WAR. Thank you United States Congress for pitting citizens against each other over the fate of the money you force from our wallets and pocketbooks..., you political wretches!  This is what we can expect from the next four years of an Obama administration as he and Pelosi and Reid sit back like emperors who will determine the fate of each struggling business in the country.., and if they think it will benefit them politically will push to bailout that particular business..., draining tax funds.., which will invite tax increases...and... sadly all of this having been kicked off by President Bush and Hank Paulson with the declaration that a hurting economy must be bailed out by the government.  This is a mess, and an opportunity for Republicans to take a hard line stance against all of it. Will they?  Only time will tell.

- Mike Silverman

 

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

REPUBLICANS CAN WIN BACK POWER - STARTING NOW!

 The political party that STOPS the federal government's dangerous slide into the centuries of debilitating debt that this horribly dangerous approach to solving economic problems with various industries is taking, will rise to Power in the next election cycle. The congress has grown into a sickening entity of socialism, resolving to give away hundreds of billions of dollars of "our" money to companies who they randomly decide are worthy of getting our redistributed wealth, and now.. is taking ownership of stock in banks.  Paulson should be fired, forced to resign immediately for abusing the power of the treasury and using billions of taxpayer funds to buy stock in banks, basically committing fraud by using the bailout money for something other than for what it was intended. . Barney Frank and Nancy Pelosi should be the target of a special prosecutor for thier role in stopping reforms that might have prevented the mortgage crisis. The Republicans need to fold thier arms and say NO MORE.  Every Republican Senator, every Republican Representative needs to stand shoulder-to-shoulder and vote no on every spending proposal, every spending bill that is a bailout of any industry, any company. Let the Democrats fall flat on thier faces under the anger of the public as they prepare to give away ever more billions of dollars to any struggling company that can call itself a bank, including GM and now American Express. let's see if the Democrats like Pelosi who are salivating like kids in a candy store at all the money they can now play with because an Obama presidency will rubber stamp thier social agendas have the guts to take the heat all by themselves for subsidizing all these businesses with taxpayer funds.  To every bailout , every giveaway proposal raised by Democrats Republicans should counter with a plan to cut taxes and refuse any plan from the Democrats that calls for using tax money to shore-up weak businesses.

- Mike Silverman

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

HERE COMES THE TAX TYPHOON - OBAMA'S LIES ARE COMING HOME TO ROOST

  First, McCain's answer on Leno's show to criticism of Sarah Palin shows that he is bitter about the loss and it suggests that he is fine with letting Sarah take the hit for his own bad campaign. It calls into question what kind of leader he would be, who turns his back on his own campaign ally. Secondly, regarding the Democrat proposed bailout of the auto industry and the cash Christmas present to the country. It is sad to hear those hard working guys who put in time at GM ( et al) basically begging the case to bailout thier livelihood. I can understand how it must feel to have that pressure on you as an employee on the brink. And while I sympathize with any hard working guys who lose thier job through no fault of thier own, "WE" the American public, are not responsible for the downfall of the US auto industrial complex. Therefore "WE" should not be bailing them out. The auto manufacturers need to face the music and deal with the anger of thier own employees, not try to PASS that anger to the PUBLIC because "WE" don't want to spend public money to bailout another industry. Those angry workers at GM have a right to be angry, but NOT at YOU and ME... they need to direct thier anger at the company that so badly mismanaged thier business that they are now on the brink of disaster "and".... and.... they need to also look to the congress and president who continually ratchet up the demand for higher and higher fuel efficiencies in Domestic auto manufacturers who CAN NOT be expected to meet those demands reasonably and produce market competitive vehicles. The whole CAFE standards practice is a fiasco that in its own way contributes to the problem the auto manufacturers face now. Also, maybe some of these hard working GM union guys should maybe check out working for Toyota. It means giving up the union, but I hear Toyota does very well by thier employees regardless. And lets agree..., we got a disaster with the election of Obama.  The out-of-control spending proposals in the form of bailouts and stimulus packages that are currently flying from the flapping gums of Nancy Pelosi are an indication of the tidal wave of debt we are facing for future generations with an Obama administration. The Democrats have taken out thier super powered deluxe tax sucking vaccume and have it aimed at our wallets and pocket books, and we've got no realistic way to stop them now. Zip, zero, nada.  Not till the next election cycle. Obama has been a tax hungry radical liberal his entire known career, now he's President and has gotten a congress to match his ambitions, and we are about to face the music for having elected him and a liberal democrat congress to back him up.  The only question is, how long will it be until the people who fell for his phony baloney tax cut for 95% of Americans rhetoric will realize they've been conned.  If Pelosi gets her way, it won't be long.  50 billion to bail out GM ( which Obama already said he is in favor of) , a 500 billion infrastructure stimulus package that includes  a one time cash gift to a segment of the population to spend for Christmas , ( allegedly a proposed $2000 dollars for each family making under 140K per year ). Lump that in with the 850 billion mortgage bailout earlier, and we're talking about over 1.5  trillion dollars in spending giveaway's and Obama hasn't even taken the oath of office yet. There will be a lot more to come as well.  Let's see what the congressional Republicans do in the face of this disaster. If they want to redeem themselves, then it's time for them to stop any and all bi-partisan agreements on any and all Democrat plans for spending and bailouts.  Let the Democrats fall flat on thier faces all by themselves with this tax and spend typhoon they're building as they prepare to grow the debt and destroy the economy.
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

AN INCREMENTAL DESTRUCTION OF FREEDOM

That it's even being considered to bail out the auto industry ( again ), is a crime against the founding principles of our country, and puts the government ( and thus the nation)  squarely onto the slippery slope of fascism, in fact at this point we have already fully engaged a part of our economy in fascist measure, with the tether of the lone rope keeping us from falling into the black hole below fraying at the edges. You must realize what it means to have the government taking ownership of formerly private industries. Does the name Hugo Chavez ring a bell?  For "the good of the country" he took away private ownership of all oil companies in Venezuela. There is a theory called incrementalism, which states that the masses will accept anything if it is done gradually, allowing slow acclimation by the public.  We are THERE. We are in the midst of incremental government takeover, inch-by-inch,  of any industry on which the wealth of the nation is measured. The only brake we have is the right to vote, and possibly the Supreme Court, if it will intervene in this ..., which is itself questionable. The right to vote has proven USELESS in this past election cycle since the masses have voted in the most liberal president in history and given him a majority party control of the congress. The blindness of the public eye to the incrementalism of the weakening of free market capitalism is ASTOUNDING. Not that McCain would have been a lot better, after all he voted to allow Paulson to do the ridiculous things he's done so far with his multi-billion dollar budget. This is why we need genuine Conservatives to win the positions of power in our government, to stop this incremental destruction of our system of capitalism and economic freedom.
   
- Mike Silverman, Milford MA
Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

THE MARKET GOES UP - WILL OBAMA GO DOWN?

Bad news. The DOW Jones IA rose 266 points this morning, and no congressional bailiout was in place. Markets have posted a modest rebound despite lack of a bill passing the House.  The bad news is for Democrats. If markets show signs of self correction, then cries of woe about the economy will fall on increasingly deaf ears. Why is it that good economic news for all of us, is bad for the Democrat party? Because they are counting on disaster to make the case for change in the White House.  There's something sick, about rooting for a recession.
 
- Mike Silverman, Milford MA
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

GOD BLESS NEIL CAVUTO AND THE FEW OTHERS WHO STILL HAVE A FREE SOUL

What must it be like, to be so arrogant that with a sweep of your hand you can dismiss millions upon millions of people as idiots who don't know what's best for themselves? Many of the talking heads of financial news and gurus of Wall Street are out there berating those of us who are angry over the proposal to spend hundreds of billions of tax dollars on bailing out banks from bad loan debts. How dare we common folks complain about this? Don't we jesters and fools understand that this is for our own good? It's tiring and infuriating to see and hear the same cloistered snobs wagging thier fingers at us through the television screen and telling us we're morons. This is the hegemony of the media nobility that comes about when they forget they are no better than the rest of us. To them the masses are just a lot of brainless lemmings full of herd mentality running over a cliff because of some sociopathic disdain for misapropriation of taxes. The media Godfathers don't get it.  Taxpayers in this country are not silent funnels of currency that the government can simply turn the suction on to fill treasury coffers without any reaction. We have a right to speak. It's a God given right recognized by our country's founders and protected by our Constitution. Normally savvy wizards of free market capitalism Jack Kemp and Steve Forbes sat there whining and crying and boo-hooing today that we ignorant simpletons out here in the weeds are holding up the process of spitting 700 billion in taxes at a problem that has no guarantee of being solved with it or evidence that this is the only way of solving it. One of the few heroes out there championing a free market capitalism method to solve this is Fox Business News VP Neil Cavuto. He's has been pushing back against these panicking market moguls and standing up for you and me and the idea of a market based resolution. Republican Representative J. Gresham Barrett is also one of the few putting his foot down on the brake and looking for a better way to resolve the financial crisis. But the majority of wall street wizards, and that includes Treasury Secretary Paulson ( a former Goldman Sachs partner), are screaming now that we un-wise regular people have got to stop demanding that congress stop. SO why has congress stopped? Because they know who thier ultimate bosses are. You and me. And an election is only weeks away. An election that could be trouble for them if they are dealing with an irate constituency. Fox Business News conducted an informal poll today showing that 64% of respondants would be less likely to vote for a congressman who supports the bailout plan. That's got a lot of politicians very nervous.  Good. Nervous politicians are cautious politicians and that's what we need now. Ultimately this bill wll probably pass in some form, but not before "we the people" have made very sure our representatives know that they are not going to get away with running wild with our hard earned tax money.
 
- Mike Silverman
 
Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

A FLUMMOXED CONGRESS - A TOXIC BAILOUT BILL

I waited up very late last night, intent on hearing what our Republican House congressmen had to say about the bailout bill.  Admittedly I was disappointed when they seemed to be stating they had found common ground with the Democrats and President Bush on getting the bill passed. We got a reprieve today for a few reasons.  One, House Republicans got peeved. Pelosi redressed the President and "Republicans" as the cause of the downfall of Fannie-Mae and Freddie-Mac... when in fact "Democrats" were heavily to blame for that fiasco. Secondly, a bunch of frightened Democrats were getting rattled by thier constituents and by seeing the Republicans close ranks to fight Pelosi.  A significant number of Democrats did not want the bailout bill to pass as a "Democrat" bill, they wanted Republican cover and with a large number of Republicans voting no.., they chickened out.  What this means, is that the country wins this round..., for now. So if that's the case, why the panic in the stock market?  Exactly because congress seeded false promises of freedom from bad debt that it should NEVER have promised in the first place.  SO everything was waiting to swing up or down on the basis of a boondoggle bill being bantered about the House. Yes, that's right. CONGRESS caused the panic and the dips in the DOW by playing games with tax money. This bailout bill is toxic. Our congress is toying with investors. This is the idiocy of socialism in full bloom, and it hasn't even passed yet! There is a chance for House Republicans to stomp this bill out by locking ranks right now and refusing any part of it.  And if McCain leads that rally, he'll be a hero.  Unfortunately, that sort fo courage is scarce on Capitol Hill.  We'll simply have to hope someone steps up to do the right thing and keep this bill down. Now, Pelosi... has the Audacity of Hope... to call for bi-partisanship. She must truly think the Republicans are dopes. Pelosi is the Lizze Borden of congress weilding Partisanship like an axe.
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

SENATOR HARRY REID YOU REPRESENT THE WORST OF POLITICS

A few minutes ago Senator Reid went to the press podium to talk about reaching an agreement on the bailout bill.  Every time Senator Reid opens that cavity called a mouth he jumps in with both feet. How dare he blandly stand there on Capitol Hill and declare that the fiscal problem with recent bank failures is due to "greed".  Capitol Hill, which includes Senator Harry Reid's office,  is the full fledged center of greed in this country.  How ironic..., that a political body that has legislatively "TAKEN" 700 billion dollars of other people's money to fix something that still has been unproven as needing this particular so-called fix, does not see any evidence of greed in their own bloated diseased tax code. Utterly sickening. Politcians like Reid are prime contributors to the bottom of the barrel approval ratings of congress. Republicans need to sweep the "Senator Reids" of the congress out the door in this congressional mid-term. It would be quite satisfying to see Ried put back into a minorty status in the Senate and Pelosi deposed from her throne in the House. Republicans, we need to shake-up the make-up. Don't just carry McCain/ Palin to the White House, let's give them a Republican majority to work with!
 
- Mike Silverman
Email ItEmail It | Print ItPrint It | CommentsComments (3) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

THOSE WHO WOULD BE EMPERORS- DON'T UNDER ESTIMATE THE PEOPLE OF THE COUNTRY

Hey,...Secretary Paulson, Mr. President, and all you pundits and critics out there who are wringing your hands and declaring that this is the END OF DAYS for the US economy and so we need to have the 700+ billion dollar debacle created to bail out the big financial players on Wall Street.   One thing to keep in mind, don't under estimate "us" , the people who really make this country work. Don't under estimate the power of the constituency out here screaming at thier senators, thier representatives, "don't you dare do this!".  This is can be seen in one sense as a basic, back pocket issue that is not above the understanding of the masses.   Regular working class citizens look at this and see giant corporations possibly getting massive bailouts, while individuals who had to pay into that gargantuan pool of tax money are not getting bailed out of thier own personal financial problems at home. There is a visible disparity in this debate that is not lost on the average consumer. Talk of massive infusions of tax money to save companies from thier own bad business practices is something that festers in the public mind. Why should the individual at home, have to take responsibility for thier own bad financial decisions, but the big banks and insurance companies get off the hook? And of course, gall of Paulson and , sadly, of our sitting President in this matter, to insist that this is not a matter that can wait for open debate and to demand that our tax money go to this boondoggle this week to be overseen by one man like an Emperor on a golden throne, is simply outrageous.  This is a clear imbalance, and definitely not the American way. If you believe, as our founding fathers did, that life, liberty and the pursuit of happiness are moral issues, then you have to believe that tax is a moral issue as well since the level of taxation is a measure of the oppressive burden working against those founding moral principles. Mr. President, ladies and gentlemen of our congress, if you want to be on the side of  "the people" , send that 700+ billion back to the public in the form of an income tax rebate for individuals and small businesses all across the country. Then "We The People" will decide whether to bail out the banks by continuing to do business with them or not.
 
- Mike Silverman, Milford MA

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

STAND UP LIKE A KNIGHT - OR RUN WITH THE DOGS

  The government has no right to grant any sort of bailout to private enterprise, let alone this 700 billion dollar boondoggle that is about to be approved. This spells disaster for the US economy. This will be the worst burden on US taxpayers since the nightmare of social security. This is a seminal moment for Senator McCain.  He has a chance , right now, to PROVE that he is a REFORMER. "Senator McCain, please REFUSE to put your name to any such monstrosity of a bailout". Senator McCain has been shouting from the rooftops... REFORM, REFORM, REFORM, I'M A REFORMER...We WILL REFORM WASHINGTON..., okay Senator... PROVE IT, RIGHT NOW! Stand on the side of Thomas Jefferson, John Adams, and the other founding fathers of our country who would draw their swords before they would allow a such betrayal of the public trust as this 700 billion dollar nightmare. Stand on the side of the People... WE THE PEOPLE... the people as expressed by the preamble of the Constitution. You served your country nobly as a warrior sir, serve your country nobly now as a warrior among the politicians who represent business as usual. "Senator McCain, if you put your name to any legislation that approves of this burden on the taxpayer, then you sir are no reformer. You will be the same hypocritical, thieving jackal that sets himself up as a liege lord in DC and looks at the public tax money as a king looks at his personal treasure room. You know Senator, that we will never recover this money. Just like we never recover any such money the government dumps into the private sector to buy votes in an election cycle. Don't try to sell us on the same old lies that this is only temporary. NOTHING government sets up a bureaucracy for is temporary, and you KNOW it. If you sign anything approving this monstrosity, then DON'T YOU DARE... DON'T YOU DARE CALL YOURSELF A REFORMER!. You tout your record on earmarks..., big deal. If you sign on to this horror show you won't be able to make up for it by trimming earmarks from legislation sir. If you want to bail out the people being hurt in this economy then send that 700 billion dollars back to the people of the country who you took it from rather than setting up more debt and removing the responsibility from private businesses to manage thier resources wisely. if you want to REFORM something reform the role of the Treasurer who has far too much power.  Now is the time Senator McCain.  Do you stand up against politics as usual as a knight in shining armor, or do you get down on your hands and knees and run with the dogs?
 
- Mike Silverman, Milford MA
Email ItEmail It | Print ItPrint It | CommentsComments (2) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous12Next »