Make no mistake, the government wants your savings. They want as much as they can get politically. The president recently floated the idea of taxing 529 plans, used to save for college, to pay for community college for people other than your kids. Why should the money your earned, and saved, go to your family? Better for the government to take your money from you so that it can give a gift to political allies.
Some people might call this theft. But not us. Oh, not us.
Bob Dylan is a personal favorite of mine and to be clear he’s not making some anarcho-capitalist statement here. He isn’t openly advocating a libertarian economic stance. It’s just common sense coming from an old man who has seen a whole lot of life, made a whole lot of money, and who has made his way observing the human condition.
Seems a reasonable position for the guy who once had a radical Marxist terrorist group name themselves after one of his lyrics and who once sang an ode to Woody Guthrie.
Times have indeed changed.
Where I live they are building houses again. The neighborhood beside me should have been built 5 years ago but finally the bulldozers are in motion again. But don’t call it a recovery. There is no vibrance in the market. Just a subset of people escaping places like California with solid state jobs at the University.
But even here there is concern. 2 years ago the builders began again, thinking the market had finally turned. But after a brief uptick things settled down again. The all cash buyers disappeared and all that was left were regular people who actually needed mortgages.
And getting a mortgage is still pretty tough as the attached article outlines.
But I believe a small part (but a growing part) of the ongoing housing chill is that many people have finally seen through the rather idiotic obsession with always living in the largest house one can afford – or in many cases – one can not afford.
Hemp for those who don’t know is the male of the cannabis plant. The female plant is what contains THC, the substance that gets one high. Hemp is just an amazing industrial product.
If one has ever had a shirt or a piece of rope made from hemp one is struck by its durability. Much more durable than cotton for instance. It is tough but also soft. It has a million uses, from paper to building material. However for years the drug war (not to say cotton producers and producers of chemical based products such as Nylon) have gotten in the way of the legal cultivation of this very useful plant.
Perhaps no longer.
There was a time when this country was filled with hemp fields. In fact at one point in early colonial America it was actually against the law NOT to grow hemp because it was so useful.
Well she’s been doing the rounds for a long time already. 29 of the Dow 30 have already sent checks her way. But more money is coming.
I wonder what our friends on the legitimate Left are going to do about this? In the end probably vote to perpetuate crony capitalism I suspect.
As we’ve said before, many interests are very keen on seeing a Hillary/Jeb or Christie or Romney race in 2016. For the crony class it will be a win either way.
“I don’t think another $trillion in purchases is enough to achieve what the ECB is trying to do.”
CAP is one of the most influential polical organizations in DC and until recently it was headed by John Podesta who left to join the current White House. He was Bill Clinton’s 4th Chief of Staff and will likely feature prominently in any Hillary Clinton run for the presidency.
As its name implies CAP is associated with creating and disseminating “progressive” policy positions. Interesting then that so many large corporations and wealthy individuals give so generously to it.
Obama knows in the end who butters his bread. Obama loves him some corporations and he gave a nod to a few last night. But in the State of the Union Address the president failed to mention many of the other companies which have shown him favor and which his administration has smiled upon.
Easier credit for student borrowers means tuitions go up. This is turn means higher debt loads for students. Then the cycle repeats.
Most farming in this country is done by massive agribusiness conglomerates. But there are still a few small farmers out there. There may be fewer however once Obamacare really takes hold.
Below is yet another example of how red tape and over regulation push small businesses over the edge while large businesses benefit from the increased complexity and cost of regs. In the medium run the big guys gain market share and keep upstart innovators in check. All thanks to government “solutions.”