Monday, June 28, 2010

We’re on the Eve of Economic Annihilation

Dedicated to all levels of governmental economic illiteracy:

The US economy it is imploding
Debt roaring, credit slowin’
You’re old enough to charge, but not for votin’
You don’t believe in debt, but what’s that card you’re holdin’
And even the Louisiana Coast has oil floatin’

But you said to me
Over and over and over again
You don’t believe
We’re on the Eve of Economic Annihilation

Don’t you understand economics?
Can’t you feel the taxes that are coming?
If the vote passes, there is no debate
No one will be working, with the world in debt
Take a look at governmental spending, it will sicken you today

But you said to me
Over and over and over again
You don’t believe
We’re on the Eve of Economic Annihilation

Yeah, my fiat money is so worthless it is play money
I’m running away from the banking system
I am sick of the political economic liars in Washington
And Tea Parties alone can’t bring change fast enough
When taxpayer respect is non existent
This economy and administration knows no economics or respect

But you said to me
Over and over and over again
You don’t believe
We’re on the Eve of Economic Annihilation

Think of all of the hate there is by our elected officials
Then look around in our world
You can leave for greener economic pastures
But they no longer exist
The usual cries of tax and spend are deafening
But we are no longer listenin’

And you said to me
Over and over and over again
You don’t believe
We’re on the Eve of Economic Annihilation
We’re on the Eve of Economic Annihilation

Swick Speak 6/28/10

Sunday, June 20, 2010

And The Spill Continues

The late Economist Milton Friedman stated in 1975; “I think that the government solution to a problem is usually as bad as the problem and very often makes the problem worse.” How true he is with regards to the BP oil spill. We can see through this that Mr. Obama loves golf and not to govern during a crisis or really at any other time either. His $20 billion new slush fund extracted from BP will do little to help the situation from an economics point of view. And what is the point of the fund? Are we any closer to capping the well? Have we saved any more marine life by the fund? Is he going to hire some political friends for this new department and or force BP to use union cleanup crews? Are we going to have a czar for it? Are we going to have more daytime hearings by Congress on it which do nothing and prove nothing other than waste more taxpayers monies? Has this administration developed a replacement for all of this oil that has been lost and not drilled so as not to create an economic downturn because of it? Or just the opposite?
Mr. Obama could have taken a leadership role and helped to rectify this crisis-he has chosen not to. It is just another debacle in the long line of debacles that this administration has shown their ineptness in leading our country. And their ineptness in trying to solve economic issues and problems. This November we will see some real change in Congress and even more in November 2012 when he is voted out of office. Cap the spill today. Oh yeah that is right you guys do not want to waste a crisis.

Monday, June 14, 2010

My Father and Me

My father passed away last week. Walter taught me many things. I developed a great love of numbers, finance and the world of business and economics from him. In the 1967 I started to read his copy of the Wall Street Journal (I am 9 years old at the time). I learned about a big world out there, I tried to figure out how to get there at my age but was not able to. I always remember going to the stock brokers office one summer day with him. He had $1000 that he wanted to buy one share of Berkshire Hathaway stock. The broker laughed at him and used all types of reasons why it was a bad investment. Thus my father taking the advise of this expert went to his Plan B and bought Xerox stock instead. My father took a quick profit in it over the next few months and we shared this story many times over the years. What if he had bought it? His life and wealth would have been dramatically different.
The world of finance and business still amazes me today. To make something successful out of a concept is a great accomplishment which is rewarded by profit. There is nothing wrong with profit going to the risk taker. Our economy is based upon it something that is lost in our political system.
I still read the Wall Street Journal daily. And I miss my father and thank him for his teaching this lesson and many others to me at a young age.

Wednesday, June 09, 2010

Mike Vitali For State Representative In Wallingford's 85th District

Can you imagine serving for 30 years and see the state becoming one of the highest taxed states in the country, have one of the highest debts and borrowing to finance this debt in the country, have one of the greatest exodus of young people leave the state in the country, have one of the worse anti business atmospheres in the country due to a egotistical Attorney General that you back and just see your bond rating drop due to your excessive state spending? Presiding over this social and economic debacle has been State Representative Mary Mushinsky. And why do Wallingford voters keep bringing her back to office? For several years it has been because the Republicans could not field a candidate.
As was the case in 2008 and now in 2010, a strong, viable and conservative candidate has emerged from the wreckage called representation. Mike Vitali will run against the Mushinsky and Democratic political machine this fall. He will be running as a David against the Goliath of tax and spend in Hartford. He will be running against a liberal who has helped to decay Connecticut through massive social welfare programs and irrational laws.
Mr. Vitali offers a refreshing change to the stale policies and theories of Representative Mushinsky. His thoughts on jobs, taxes and spending are unique. He actually feels that taxpayers do not have an infinite amount of money to spend on unlimited taxes to fuel wasteful state programs. He is concerned with the younger generation fleeing the state. He feels the state wastes a great deal of money.
I will be talking more about Mr. Vitali in the coming months. He is a breath of fresh air for the taxpayers of Wallingford and he deserves your vote in November.

Wednesday, June 02, 2010

The Blame Of The Oil Spill

Politicians in my economic opinion love a good crisis. They can work the media to their advantage looking and feeling important. They try to show who is in charge and why they are so good at what they do. A crisis can stroke a politician's ego to the point of no return.
Thus as of today, I feel we are at a point of no return economically with the massive oil spill in Louisiana which still has been capped nor looks like it will be capped any time soon. However, we have a great deal of the political blame game carrying on with the media enjoying each minute of this crisis. I personally feel sorry for those businesses who will probably go under from this, all the new unemployed of the region and the massive losses of wildlife that has taken place. It is a tragedy of enormous proportions.
Yet I see no leadership from the President. He seems confused that a crisis of this magnitude needs to be addressed. He seems confused that the American public does not like the way he governs (if one can actually can call it governing). His embracing of government solving all of the problems of our country and the world for that matter seems to be imploding. And the oil keeps flowing with no end in sight. The American public can embrace that the end of governing by this President will mercifully end in 2012. Or did it ever begin?