The Rusted Musket

Featuring the political intrigue and hardy thoughts of our contributing writers

Archive for the ‘Economics’ Category

Bail ME out, I'm to big to Fail!

Posted by Benjamin On April - 6 - 2009

This is my new bumper sticker idea, I would seriously put this on my car…

Edit:

It’s a done deal, you can purchase my bumper sticker here!  The irony is that the wifey won’t let me but the bumper sticker I created on my own car:)  I will find a way around this loggerhead!

Supreme Court feel good decisions always raise costs

Posted by Benjamin On March - 4 - 2009

Because of this lady, all of our anti nausea drug costs are going up.  Doesn’t the supreme court get it?  This is whats screwing up the drug and medical costs in our country. I’m sorry you lost your arm, that sucks, but for Gods sake, when I’m done typing this blog and need some anti nausea drugs the cost of my drugs will be adjusted by your 6.7 million dollar award!!

Taxing the "Rich"

Posted by Tony On February - 27 - 2009

A lot of people seem to think that “rich” people don’t pay their fair share of taxes. But according to this article the wealthiest 1% paid almost 40% of taxes while only making 22% of the income. I would say that they are paying their fair share. And before you think lets tax them more, you should read over that article and think on this. Small businesses employ about 50% of people (see here) and these increases in taxes affects those businesses because a lot of them are taxed on a individual basis. Small businesses are the lifeblood of the USA and they are also part of the American Dream, to own your own business and to work for yourself.

Another thing to think about is that people who are well off spend a lot of money which creates jobs and helps to drive the economy. A lot of the rich worked very hard to get where they are a many own their own business and built it from the ground up. Why should we tax people for hard work? Isn’t that counter productive? We want people to better themselves and to try harder, but that won’t happen if the more money people make the more is taken away.

Pension and Sickpay from Bank America??

Posted by Benjamin On December - 8 - 2008

The big story of the week, the one that’s going to make history and get America back behind the out of touch union is the saga of some now unemployed folk who used to work for some flunked Republic window and door company out of Illinois.  Basically, the laid off employees want their pensions and sick pay but the company has totally gone belly up.  Bizarrely, the employees (who for a lack of a better word are basically squatting in their former place of employment) are blaming the bank that releases the funds for the Republic’s payroll as the reason the Republic has no money!  Are you following this?  Um, I hate to break it to you guys but the bank doesn’t owe you that money, your old bosses do!  You’re not the banks employees, the banks don’t owe you squat.  And excuse me, isn’t asking the bank to shell out money willy nilly to people for no other reason than charity the very reason why the banks got into their financial mess in the first place!  Cough cough, hack, hack, home loans for minorities, illegal immigrants and moron middle classers who could never afford them.  Look, I’m sorry this sucks for you but the fact of the matter is you’re crap out of luck…

Who you can hire for $1

Posted by Benjamin On December - 2 - 2008

Apparently you can hire the CEO’s of Ford, GM, and Chrysler for a buck each.  Interesting huh, I wondered for a second if the gimmic would work, but then I remembered of course it would.  I’m going to call it out right now, the auto industry will absolutely be bailed out.  The UAW trust fund deposits the Big Three owe will conveniently be delayed by the UAW until Barrack is fully in the White House.  Then dear friends, its bailout time.

Bailout or Simply a Bad Loan?

Posted by Russell On November - 19 - 2008

Charlie Sykes has an interesting piece on the auto industry “bailout”…

As they say here, this isn’t a “bailout” of the auto industry so much as it’s a “bailout” of the UAW. Until the problems with the UAW are resolved (and yes they are major problems) this is simply a proposed loan for a few companies that will more than likely never be able to pay it back. Here’s to hoping the Republican party will hold their ground against this “bailout”…

Auto Bailout and Dead Horses.

Posted by Benjamin On November - 17 - 2008

Ach, the business model the American auto industry is using is what, 50+ years old? Might as well be a hundred. There is a saying that goes “don’t beat a dead horse” and I’d like to add something else, don’t feed it either. A bailout for a failed business plan is no different than feeding a dead horse, money won’t resurrect it…

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