InvestYoung

Takeover Is Coming!

Get the AED out, New York is in need of a jump. New York right now has no clear leadership in the State Senate. Although the Democratic party is the majority, the Republicans are taking them on, head on. Their so sick and tired of Majority Leader Sen. Malcolm Smith that they started a coalition to get him out and take over the majority. And they have the vote to do so. The reason they have the vote is because a few Democrats are just as sick of Smith, so their voting with the Republicans. But this whole mess is getting out of control, the Democrats won’t release majority and asked a judge to stop the Republicans. Not going to happen though, the judge ruled in with the Republicans, now what? I guess we can only hope that the Democrats will grow up and accept the new majority.

Obama Is Up To Something!

I was just reading that Obama’s administration decided to make public some of former President Bush‘s secrets on the war on terror. There’s really one reason for doing this, Obama is going to try to slip something by us. He’s trying to place blame on Bush’s administration for the war on terror. He wants to have us forget the fact that he’s bailing out every company that has made some of the biggest mistakes a company could make. So by getting us to look back at Bush he thinks people are not going to look at him writing a check to AIG for another $30 billion. The same company that just lost almost $62 billion in one quarter. And why in the world does he need to release these documents, what’s the point? We already know we’ve beat the crap out of these terror suspects, which I‘m sure was needed. Who knows how much info we got out of them that saved thousands of American lives. And lets not forget what happen on Sept. 11, 2001 when the terrorist attacks on American. After all they brought the fight to us, we just gave it back. I‘m 100 percent behind what President Bush did to those terrorists. I wonder what Obama would have done, nothing? He would have said, “ ok, don’t do that again or we’ll get mad.“ Here’s what Obama’s new Attorney General Eric Holder had to say “Too often over the past decade, the fight against terrorism has been viewed as a zero-sum battle with our civil liberties.” Does he need to be reminded that terrorists have no civil liberties, wake up and smell coffee Holder. I would have to say this is by far the dumbest move Obama has done, besides his welfare bailout plan. He needs to stop placing blame and start fixing things. I’m getting a little sick and tired of hearing him placing blame all the time. He’s only been on the job a few months, does he think he’s not going to make mistakes.

State In Trouble!

Over the weekend the state of California was unable to pass a budget that would close their $42 billion gap. Now Governor Schwarzenegger will need to layoff about 20,000 state workers. Also, all public works projects will come to a halt. Just by the cuts coming and the halt of projects just show that maybe there is some wasteful spending going on here. That just so happens how the state Republicans feel, but not the Demarcates.

By the numbers, this is what the Demarcates want – $15.1 billion in program cuts $14.4 billion in tax increases and $11.4 billion in borrowing. In my opinion raising taxes never work. The state of California is already losing more people then any other state in the Union. So why in the world would they want to raise taxes on the people and businesses staying? I have no answer to that, maybe some of you do. What I think as well as many others is they need to cut spending and services, all states need to do this. If you ever really look at a state budget for services you would be shocked. We do offer a lot of services that make no since. So Governor Schwarzenegger can start there and bring back services when the tax base calls for it. Seems pretty easy, because it is. The problem is no one ever wants to make the hard choice of cutting those jobs out.

Economic Stimulus Bill!

I first need to say that this $838 billion stimulus bill is a bad idea. I have no idea why I think this, I guess in my gut I feel it’s wrong. My gut has never let me down in the past, so that’s why I’m going with it.

I know that something needs to e done, but reading what’s in this bill isn’t the answer. Some of the things that are in the bill have no business being there. I really don’t want to go line by line on this issue, but if you haven’t read the bill do so. The bill is loaded with pork barrel spending, just wearing a mask. President Obama said there would be no pork spending, but he’s full of crap. And as always, the Democrats and the Republicans are fighting. And the Democrats are pushing their way all over the Republicans, something that President Obama said he didn’t wan to see, which I think is a lie. If President Obama really cared he would listen to both sides, which he hasn’t. Anyway, President Obama got the votes he needed to prove he could get this passed. He had to give up over $100 billion to buy a few votes from the Republicans. He purchased the votes of Republican Sens. Susan Collins and Olympia Snowe of Maine and Arlen Specter of Pennsylvania which all voted for the bill. The test vote was 61 – 36 for the bill, which is one over the 60 needed. So if this does pass, and signed into law I sure hope my gut is wrong this time.