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

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.

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.

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.

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?

How Is The Blumenthal Flap Over?

Just because he sent an email apology. What a coward, he could not even do it front of his cronies or for that matter even real Vietnam veterans who actually fought in Vietnam. Dick Blumenthal did everything he could to avoid service and time in Vietnam. And he has the audacity to ask these same veterans and families of those who lost their loved ones fighting in Vietnam to vote for him. Why? Why does Dick Blumenthal feel privileged now? After his lies about his service. About his disrespect for the Uniform of the United States Marines. It is absurd that he should even be running with his now soiled and tarnished image. His image of making Connecticut an anti business state with its egotistical and self serving Attorney General.
And his campaign just feels that it is behind them now and they can really attack Linda McMahon. Why? Because in my opinion the flap is not over, nor will it be over until after the election when Dick Blumenthal loses his campaign and Connecticut voters actually speak out against this liar.
Senator McMahon. Change not a lie.

Just What Connecticut Needs Another Lying Senator

The chosen one has misspoken. How does one do that? How does one get confused about what one did during war time? Was it that many years ago?
Now come the twists. The chosen one has fallen. The all powerful Connecticut Attorney General who has smashed and destroyed many over the years may have been beaten at his own game. A lie. Misspoken.
This is what Connecticut really needs another liar for a Senator. Dodd still has not come clean with regards to his sweetheart mortgage deals and the money that he has taken in donations over the years from the financial industry. Now the Blumenthal debacle. What horrific candidates the Connecticut Democrats put up for office. Just what Connecticut taxpayers need another lying Senator. Wait, I guess we have now a lying Attorney General. All at the taxpayers expense.

Taxpayers Can You Spare Me $148 Billion?

Taxpayers can you spare me $148 billion. I am Fannie Mae and Freddie Mac. This is is the amount I have cost you so far in the bailouts of us. I am bankrupt but you as a taxpayer must continue to prop me up. I have to continue to back loans which I know will never be paid back. All in the good faith of the Democratic party which made people buy homes who could never afford them and keep them there without having to pay their mortgages. In an effort to buy votes. I ask again taxpayers can you spare me $148 billion?
After all $148 billion in a $12 trillion dollar national debt is meaningless. We are a bankrupt country. Economics is meaningless to the Obama Administration and Democratic Congress. The continual taxpayer bailout of these failed mortgages and loans needs to end today. These mortgages will not become better by throwing money at them. It is an economic disgrace to taxpayers for it to continue. Rather than blaming the banking industry, the blame for this economic debacle may be found by the Obama Administration and the Democratic Congress.

All 5 Democratic Congressional Seats Are Not Safe

That is right. All five Connecticut Congressional seats are not safe. If anything the Democrats who supposedly represent Connecticut have to be fearful of the massive backlash that is currently being felt in the state. Unknown to the biased media, Connecticut taxpayers at all levels are disgusted with the lack of leadership and governing that the Democrats claim to offer. U.S. Reps. John Larson, Joe Courtney, Rosa DeLauro, Jim Himes and Chris Murphy are all political hacks with a desire to help bankrupt our country through a socialized economy, socialized health care, socialized cap and trade and a runaway, massive national debt. Unlimited spending and the bankruptcy of our economic future with nothing to show for it. You as a voter and a taxpayer really want to reelect these people?
That is right. All five Connecticut Congressional seats are not safe. Let us vote these economically inept representatives out of office in November. What a breath of fresh air that would be.

What Are 290,000 Jobs to 20 Million People Unemployed?

How many people are really unemployed in our economy? And what is really being done to create private sector jobs in our economy? A published 9.9% unemployment rate is more like a 17% unemployment rate when taking into account those who have given up looking for work and are off unemployment roles, still out of work. The supposed great news twisted by our biased media of 290,000 new jobs coupled with an increase of the established unemployment rate to 9.9% is ridiculous. It follows no fundamental economic logic whatsoever. It is horrendous employment news in my economic opinion. We still have massive unemployment and this administration has now had 17 months to try to do something other than forcing socialistic economic policies down our economy's throat which have further eroded our job market. 290,000 jobs are meaningless to the millions who are unemployed today. This band aid is useless to the overall job market. Let the free market system create new jobs through lower taxes, less governmental regulations and a balanced governmental budget with a forceful plan to eliminate the national debt. Try telling that to those who are unemployed. By the way who got those 290,000 jobs? Democratic story tellers?

Stop Taking Campaign Donations

If capitalism is that bad, why do political candidates take campaign contributions from companies and corporations in our economy? Is capitalism is that evil why do political candidates sell themselves to the highest bidder? If money and wealth is that bad for our economy, why does the political system embrace taking it to help them buy their election? Chris Dodd is an excellent example of this theory. And the list is endless on both sides of the political spectrum. This debacle of selling their votes and office have help to erode our economy in my economic opinion and it needs to stop. Democracy does not function when being sold to the highest bidder and for those who can afford to buy their elected officials. Congress, a fantasy land of wealth, nobility and unlimited perks needs to reform itself with regards to its payoffs.
Or we need a new form of Democracy minus the self serving, stale, corrupted elected officials found at the Federal and state levels.
Stop taking cash. Stop this way of government.

When Illegal Means Democrat Votes

Such a fuss over the new Arizona Immigration Law. In my economic opinion this new law will help their economy and law enforcement agencies. I am confused by liberals and Democrats who do not understand that an illegal immigrant is here illegally and it is against the law for them to be here. These same laws that should be enforced and are not are paid for by taxpayers like you and me. We do not see positive economic results when you have people breaking the law like these illegal immigrants. Why is it difficult to understand that illegal immigrants are here in our country illegally and need to be sent back to their countries? My grandparents legally immigrated to the United States, become United States citizens and worked all of their lives without any type of governmental aid. They helped to make our country. Illegal immigrants do not help in this manner, they are a huge drain to our states economies.
But I know that the Democrat party can not wait to make all of those illegal immigrants legal so they get them registered and working/voting for their party. Thus illegal in this case is a means to the end, another Democratic vote for more damage to our economy.

Does Financial Reform Mean Continuous Bailouts?

No, I am skeptical about a financial reform bill that still inhibits the free market and credit systems. I am skeptical since it still allows for massive bailouts of private financial systems by allowing the FDIC to continue to borrow taxpayers monies to help finance these same companies financial woes. Banks still being viewed as bad guys by this administration yet both parties still reap their rewards of campaign donations that these same banks give to them. Just look at the millions of dollars and favors that Chris Dodd has received from this sector. Thus financial reform in Dodd's eyes still means constant bailouts using taxpayers funds. A dependent financial system with no end in sight. This bill is an useless waste of time for all. Just as this Congress is an useless waste of taxpayers monies, bailout or no. Financial reform does mean constant bailouts-forever.

The Democrats Dilemma Of Money

What are the Democrats going to do with their big, bad campaign donations from Goldman Sachs and other big, bad financial institutions they shake money down from? And why do these same companies feel compelled to give this money? Locally politicians like Dick Blumenthal now takes campaign contributions from PACs in this Senatorial campaign-desperate for cash to buy his way into the Senate, apparently trying to emulate Chris Dodd who never met cash he would turn down. Maybe taxpayers of Connecticut can remember that in his legacy. Thus money flows freely to the Democrats in one hand and in the other hand we hear the constant condemnation of the free market, capitalistic system. It is ironic to taxpayers that we are forced to accept this situation as part of the corruptness of campaign contribution shakedowns.
Voters will change this come November. The Democrats dilemma of money.

Chris Dodd and His Never Ending Bailout of Himself

Chris Dodd has a huge never ending and never satisfying ego. As a Connecticut taxpayer he has also done nothing for me economically nor does he really understand our economy as shown by his latest debacle of a financial reform bill. Bailouts or shakedowns of companies going under apparently will be financed by taxes on these companies who will be called in to merge with the financially insolvent company. Those who use these companies will naturally have to pay these taxes meaning you and I the consumer. The new type of bailouts to me will be viewed in political rather than economic terms. Again the bill is massive in length, no one has been able to read through it and it does nothing other than add a new level of regulation with no other purpose than to add more socialism to our economy. Thus what is the point of the new Dodd bill? Economically I do not understand Dodd's logic nor do I understand why he is still representing Connecticut?
Dodd's never ending bailout of himself, the companies that have donated to his campaigns and his unethical behavior mercifully comes to a halt in a few months. This bill represents just another waste of taxpayer's monies by Chris Dodd.

The Two Presidents of Southern Connecticut State University At Connecticut Taxpayer's Expense

Now let me try to figure this waste of Connecticut taxpayer's monies. Southern Connecticut State University had a capable President in Cheryl Norton. She apparently was not wanted by Connecticut State University System Chancellor David G. Carter, who apparently can hire and fire at will with no checks or balances in the state's University system. He hires Stanley Battle, former president of North Carolina Agricultural and Technical State University, as the new interim president of Southern. Apparently Battle and Carter were colleagues at Eastern Connecticut State University when Carter was Eastern's president in the 1990s, hey so what's wrong with a little cronyism in education at taxpayer's expense? Thus taxpayers will be footing a the bill for two Southern Presidents and we are not allowed to know why Norton was dismissed in the first place. Norton still gets paid for one year at $280,000 plus while Battle gets paid for the same position at $280,000 plus. What a waste of taxpayer's monies in the time of an economic crisis.
And by the way as a graduate of Southern, do not ever bother asking me a for a donation to the school again. If you can afford two presidents, then you have more than enough money to operate your school.

The Opposition Starts-The Mushinsky Survey

I enjoy state elections. I am always optimistic of change, when Democrats at a state and national level are voted out of office and responsible governing might actually take place in both Hartford and Washington. It is the time of year when "concerned" State Representatives like Wallingford's Mary Mushinsky send out their surveys to try to show they somehow care about what taxpayers actually think. Her survey which I received in the mail yesterday is comical in nature. She has many teaser questions-what are our concerns and what do we fear? Why should we fear anything if we actually had leadership and effective government in Hartford and Washington? And since Mushinsky has been in office for so many years overseeing this economic debacle has developed with her Democratic Super Majority in Hartford, I would venture to guess that most taxpayers in her district fear two more years of Democrat rule in Hartford coupled with still yet higher taxes and higher spending. Her party's budget offers yet $353+ million in higher spending while the state is
$500+million in a deficit and has the audacity to ask if we as taxpayers favor or do not favor yet even higher taxes in the state. There is no economic reasoning whatsoever by Mushinsky and her fellow Democrats. They are the reason why Connecticut is #1 in taxes, virtually last in new job development and economic growth. The Democrats should actually take responsibility for their lack of leadership in Hartford.
The opposition has started, surveys like hers do nothing for overburdened taxpayers in her District. She will ignore them as she has done in the past and continue to vote for higher spending and higher taxes. We can no longer afford in Connecticut a Democratic Super Majority. The time is now for change.

Still No Word On Health Costs And New Taxes

The super secret 2000+ page socialist health care bill is still really not being discussed in depth by the administration. The administrations fears are well founded once citizens and small business owners start seeing the higher costs for more limited health care and new taxes which this socialized health care bill brings to them. Taxpayers will be even more up in arms over the now runaway national debt which soon will be unable to be financed through treasury sales. No prudent investor will want to buy it any more.
All for the sake of limited and rationed care. All for the beauty of an elitist President who has no sense of economic reality in his dream socialist state he is trying to create for our country. All for the lies he told throughout the campaign about cooperation and lack of transparency.
And I still have no word on health care costs and new taxes by the administration.

Bysiewicz-Blumenthal-What Is A Title Anyways?

I could have saved a great deal of money in lawyer's fees if I had known that Susan Bysiewicz represented me for all the years she has been a Secretary of State. For the closings, and all the other areas of legal issues that I had I forgot just to give her a call. She was actually representing me and as such I did not need to pay all of those fees for the past 11 years, she could have handled it all (and I am sure at no charge also). Stupid me.
The Connecticut Democratic party has shown even more so how out of touch it is in governing with this ridiculous waste of taxpayers monies now for Bysiewicz and her political goals. It is bad enough they have a horrendous and inept Senatorial candidate in Richard Blumenthal and his liberal/anti business views coupled now with a non lawyer wanting the highest legal job in the state. What a farce of government.
A Republican tide is brewing in our liberal, anti-business, highly taxed state. Maybe sanity can be restored come November.

Connecticut Youth-Going, Going, Gone

It is almost graduation time. My daughter will be graduating along with many of her peers in May from the University of Connecticut. UConn is supposedly less expensive than private schools but more expensive than other state schools. To date myself I spent less than $500 a semester with books to attend a state college back in the late 70's. Luckily my daughter got a CA position and was spared the costs of room for her last two years of college. Financial aid is really not seen for Connecticut residents attending state schools. Thus the cost of education is rationed by value and its costs. Still a 4 year state school education cost over $75,000+ just for tuition and room and board. Not counting expensive books, computers and personal expenses.
However many students who were born in this state will leave for graduate school out of state. This is due to several reasons including not being accepted by state colleges (as in my daughter's case and many of her friends)and for better opportunities out of our state. Thus the brain drain of the best and brightest will continue. Connecticut does little to retain its youth. An expensive bureaucracy of a higher education system, poor leadership, excessive taxes, high real estate costs and few jobs will continue to drive generation upon generation of our youth out of Connecticut. The losses are staggering. And the silence deafening by our supposed leaders in retaining our youth.