Economy, on the up-tick?

In recent weeks the DOW has climbed 21%, that in all economic terms is the start of a bull market. The question is, is it permanent? Housing has also been moving slowly upward as far as sales of existing homes and new construction goes. This has all been playing out while Obama unleashes a 3.8T spending spree. Now, the spree has not been signed off on so a lot of people ask "why spend it?". The question is, are financial sectors moving forward because they are more solid now than last year or is this movement a direct result of the foreseen eminent passage of this budget?

That is a core question. I don't think anyone, liberal or not wants a 3.8T debt. Maybe I'm wrong.

Obama also recently established a "tax" group to look for more revenue in the tax code. Of course he did, he is spending more than all the US Presidents combined. Here is a simple remedy that would net more tax revenue and lessen nearly everyone's taxes (seems impossible right?). A flat tax. At the core of a flat tax is nearly NO deductions. The only deductions, which really aren't, come in the form of credits for Children in families. This simplification of the tax code puts every citizen on an even field.

Comments

Post a Comment

Popular posts from this blog

Herniated Disc

Image
The Problem: Herniated L5/S1 disc causing severe sciatica Example MRI: What is Sciatica: Sciatica causes pain, a burning sensation, numbness, or tingling radiating from the lower back and upper buttock down the back of the thigh to the back of the leg. Severe sciatica can make walking difficult if not impossible. Sometimes the symptoms of sciatica are aggravated by walking or bending at the waist and relieved by lying down. So what about the pain? Sciatica is often characterized by the following symptoms: Pain on one side of the buttock or in one leg that is worse when sitting Burning or tingling down the leg Weakness, numbness or difficulty moving the leg or foot A constant pain on one side of the rear A sharp pain that may make it difficult to stand up or to walk So what caused it? A herniated L5/S1 disc Interesting facts: - Herniated discs in the lumbar region are very common in active males age 30-40 - At the one and two year mark both surgical and non-s...
Read more

Fox News or CNN?

Ah, Fox and CNN. Where to start. Each one has its own bias. I was, for a very very long time an avid CNN viewer, literally the TV would be on CNN when I got home from work and stay there. Until the 2008 elections. I could not believe how much CNN backed the Democratic party. Almost to a point of annoyance. For every on RNC member on a panel there would be 2 DNC, usually one black man and one woman. The RNC person was almost always a white male. What I couldn't believe was the entire lack of respect for the opposing candidates on the Republican side. Now before you go "damn right-wing Republican" understand these FACTS: - Member of the Democratic Party - Libertarian - NRA Life Member What does that equal? Me. Not a single word up there said Republican. In fact, I've never voted for a presidential republican candidate. Maybe my lack of line loyalty allows me to have an open mind where others seen inherently sheltered. I have very strict guidelines for leaders; 1) be hon...
Read more