Wednesday, November 29, 2017
From the AP. Not seen as a moral lapse by the prevaricator. Or, maybe he can't differentiate and there is no moral compass. The lie: "The consumer protection bureau has devastated the financial industry that is unable to serve the public.","it has been a total disaster". The truth: Those institutions have grown by 5% over the same quarter last year. 67% of reporting institutions had year over year growth. The bureau has saved untold numbers of potential home buyers from the sub prime loan speculators that nearly broke the country in 2007-2008. Paul Hunter
Monday, November 27, 2017
A confessed felon walks Excerpted: http://www.nytimes.com/1989/07/09/weekinreview/the-nation-the-punishment-of-oliver-north.html The Judge who presided over the Iran-contra trial of Oliver L. North, saved a final surprise for last by punishing Mr. North for his crimes with a sentence that included a fine, community service and probation, but no prison term. Mr. North, the former Marine Corps lieutenant colonel and National Security Council aide, was convicted of destroying documents, accepting the gift of a $13,800 home security system and abetting the obstruction of Congress. Judge Gesell could have imposed a maximum penalty of 10 years in prison and fines of $750,000. Instead, he imposed a $150,000 fine, two years of probation, a three-year suspended sentence and an order to perform 1,200 hours of community service. At the same time, Judge Gesell's leniency seemed to deflate a campaign by Mr. North's conservative supporters for a Presidential pardon. An appeals court later ordered Gesell to hold a special hearing to determine whether any of the witnesses at his trial had been influenced by North's congressional testimony, which he had been assured would not be used against him in court. North's congressional testimony: " Oliver L. North conceded today that he lied to Congress after his boss sent him against his will to a session where he denied providing assistance to the Contras. "Did you tell the truth at that meeting on Aug. 6, 1986?" defense lawyer Brendan Sullivan asked North during his second day of testimony at his criminal trial. "No," North said. "I went into the meeting not believing it would be illegal not to tell Congress the truth. "We do live in a democracy, don’t we?" a congressman asked the Marine. "We do. Thank god," North responded. "In which it is the people," the congressman continued, "not one Marine lieutenant colonel that get to decide the important policy decisions for the nation." "I saw that idea of using the Ayatollah Khomeini’s money to support the Nicaraguan freedom fighters as a good one," North stated. "I still do. I don’t think it was wrong. I think it was a neat idea. Posted by Paul Hunter
Monday, November 20, 2017
The supporters of the federal tax reform and reduction bill, claim that reducing tax rates will actually increase revenue. The unproven theory posits that corporations will use the tax savings to increase investment in plant, equipment and wage increases. This hope ignores the fact that consumer demand drives corporate investment. Consumers are the ultimate job creators. If spare cash is the panacea for slow growth, a look at the spare cash on hand for the following sample businesses begs the tax reduction point. Apple-$262B Microsoft-$135B Alphabet (Google)-$95B Cisco-$68B Oracle $66B GE-$44B Amgen-$39B Qualcom-$38B Et al. http://www.businessinsider.com/chart-us-companies-with-largest-cash-reserves-2017-8
Wednesday, November 15, 2017
If you pay taxes, that is. Why would the parent company of the local Alkermes facility return to its original home, Cambridge Massachusetts? The corporate tax rate in its current home, Ireland, is 12.5% which is still lower than the proposed 20% being considered by congress. For every $1 million of income a tax savings of $75,000 would be lost. Would any reasonable financial adviser recommend a move back to the U S from the Cayman Islands if: The Corporate Tax Rate in Cayman Islands stands at 0 percent thus saving $200,000 for every $1 million invested. Many large corporations don't have to move overseas because they have gamed our tax system and pay little or no taxes (o%) regardless of income. Paul Hunter
Monday, November 13, 2017
Will sanity finally overcome the single issue and well financed pressure politics of the NRA? The NRA spent over $2 million into November's Virginia races, including a $750,000 advertising push in the last three weeks before the election. The results: The winners were an anti NRA governor, Lieutenant Governor and Attorney General Mark Herring. In 13 competitive races where the Democratic candidate was endorsed by a pro–gun control group and the Republican was backed by the NRA, the control groups candidate was victorious in 12. The control groups dumped $700,000 into Virginia races as election day drew near. Paul Hunter
Do these companies need a 15% tax cut to invest in new plant, equipment and jobs?Need it or not theyare going to get it. 2012 Forbes top ten companies with largest cash reserves in billions Apple $137,000,000,000 Microsoft $68 Google $48 Phizer $47 Cisco $46 Oracle $34 Qualcom $28 GM $27 Amgen $24 Ford $23 $391,000,000,000 2015 Forbes top ten companies cash reserves in billions Apple $200,000,000,000 Microsoft $110 Alphabet/Google $70 Cisco $61 Yahoo $35 Qualcom $30 EMC $15 E Bay $10 Face Book $9 $540,000,000,000
Friday, November 10, 2017
We are bombarded with the harangue, from the NRA gun sellers and their feckless congressional lackeys, that more guns means a safer population. The "more guns" rant apparently includes adapters that convert semi automatic military style assault rifles with oversized magazines into rapid fire killing tools. Please explain to the families of the dead and wounded how armed concert goers in Las Vegas could have prevented the tragedy. Watch, listen and weep. https://www.nytimes.com/video/opinion/contributors/100000005475556/our-loved-ones-died-we-want-action-on-guns.html Paul Hunter
Wednesday, November 8, 2017
If world affairs continue on the current path we could expect, sooner rather than later, the next synthesis in the Socratic/Marxian dialectic. Economic power will shift from the malfunctioning democratic capitalism of the developed nations to the command capitalism of China. The only hope is that the equally populated and democratic India can survive the struggle.
The western model eliminated the communist/socialist/dictator system of the USSR and the axis powers to create the current synthesis. Nothing but change is constant.
Our only hope is that we can overcome the political blame game and regain our bipartisan balance.
Paul Hunter contact firstname.lastname@example.org
Monday, November 6, 2017
Asked by a reporter at the University Medical Center in Las Vegas if the United States has a "gun violence problem," the president dismissed the question.
"We're not going to talk about that today," said Trump. "We won't talk about that."
'This isn't a guns situation,' says Trump after Texas church shooting.What situation is it? It's time to sell guns to church goers it appears!
NRA's Wayne LaPierre will target anyone for blame over the Las Vegas massacre."“There are menaces out there every day. People want to be able to protect themselves,” LaPierre told CBS News’ “Face the Nation.
” It's Obama’s fault"
Sunday, November 5, 2017
Is it in Ohio's citizens best interests to maintain a secret department manned by private business executives that may have agendas that are not necessarily in the interest of the public at large?
As Bloomberg Businessweek points out "Jobs Ohio" spends millions of tax payer dollars in an attempt to bring new companies to Ohio. The citizens and their watchdog, the state auditor, have no access to the results of that spending. The legislature has made Jobs Ohio bullet proof from audits and public records requests. The overall results are rather depressing. According to Bloomberg, Ohio's job growth rate trailed the U. S. average for 57 consecutive months.
The original, still existing and public, Ohio Department of Development, could duplicate that record for a lot less money.