Kevin Colby: News, culture, political blog

Some interesting articles to read:

Some interesting articles by Neal Boortz:

The Cramdown Bill

This week we are going to see this “cramdown” bill come up for debate. We are probably talking Thursday. But this is the bill that would allow judges to erase or reduce the principal amount of a mortgage for borrowers who file for bankruptcy. In other words … you buy a house for $225,000. You borrow $200,000 from a third party (individual, bank, mortgage lender .. whatever) to give to the person who sold you the house, along with $25,000 of your own. The third party lender takes a security interest in your home to cover any losses in case you fail to pay them back. Then you go deadbeat and file bankruptcy. The judge then rules that you don’t have to pay all of the $200,000 you borrowed from the third party back … and what’s more, the third party cannot rely on their security interest in your home to make themselves whole. Pretty nifty, huh?  Read the full story.

John Kerry Eyes “Extravagence”

It was only a matter of time before we got to this point. And it took Northern Trust Corporation to do it. That is the evil corporation that has sent John Kerry on a mission to make sure that he is seen as a watchdog for the taxpayer!  Read the full story.

Government Waste And Abuse

It seems like every day I read countless stories about government’s inability to do anything with efficiency or common sense. And it is your tax dollars that pay the price. So now, for your enjoyment, I have a few examples that I have gathered just from the last day.  Read the full story.

A Four Trillion Dollar Federal Budget

That’s the word. Obama is going to introduce a $4,000,000,000,000 federal budget for consideration by his myrmidons in the Congress. How nice. Are you starting to understand that this narcissistic menace is just as dangerous as we told you he was going to be?  Read the full story.

First To Go

OK, sure …sometimes I might go a bit far on the air just to elicit a response. This wasn’t one of those times. I’m talking about yesterday, when I was discussing the ramifications of Obama’s extremely popular tax increases on the evil, disgusting rich. Sixty-four percent of the businesses, companies, corporations, partnerships … call them what you will … that actually hire people in this country are categorized as small businesses. These are businesses that report their incomes on personal tax returns. Personal returns … not corporate returns. Are you following the numbers here? Sixty-four percent of job providers are small businesses and they employ well over 70% of all people with jobs. What’s more these small businesses are creating 80% of all of our economy’s new jobs. Now .. the kicker … hopefully you already know this. These small business owners are the very targets of Obama’s tax increases.  Read the full story.

Some interesting articles from Clark Howard’s website:

Money market funds bode well for future economic recovery

CLARKONOMICS: The Conference Board’s Consumer Confidence Index has just hit an all-time low with a reading of 25. To give you some perspective, the optimal score would be 100 if people thought the economy was in tip-top shape.  Read the full story.

Why is gas going up as oil goes down?

Have you noticed that the price of a gallon of gas is going up while the price of a barrel of oil is going down?   Read the full story.

Technology brings about creative destruction for Ritz Cameras

You may have heard the news that Ritz Camera has filed for bankruptcy. As the nation’s largest retail photography chain, Ritz was in 40 of the 50 states operating under several different names.  Read the full story.

Some interesting articles to read:

Some interesting articles by Neal Boortz:

PEBO’S Socialist Roots Showing?

How long have I been telling you that this who global warming scam was basically an anti-capitalist campaign? I’ll answer that for you. Years.  Read the full story.

Revisiting the Mortgage Crisis

As our economy trudges along, researchers are starting to look back and make sense of it all. One thing we know for sure .. it was the mortgage meltdown that led to this economic crisis. But researchers at the Federal Reserve Bank of New York are now saying that one of the main triggers of the mortgage meltdown was the 2005 bankruptcy reform act. Originally drafted in 1997 and pocket vetoed under President Clinton, it took until 2005 to get the darn thing passed, after years of lobbying from the credit card industry.  Read the full story.

We are Getting Closer to Government Healthcare

One step at a time, in the days leading up to an Obama presidency .. we are getting closer and closer to government healthcare in this country. The latest step is the House passage of the Children’s Health Insurance Plan bill (SCHIP). Now it’s off to the Senate for approval. Then it is off to Obama’s desk for him to sign once he is sworn in.  Read the full story.

Recession Lardassification

This statistic should astound you .. then again, if you have been to Disney World lately, maybe not. The number of American adults who are obese has surpassed the number of adults who are merely overweight. More than 34% of adults are considered obese. That is more than 72 million Americans. This is compared to 32.7% of adults who are just overweight. I’m not a genius, but that means that almost 70% of our population is made up of lardassess … blubber butts .. however you want to classify them.  Read the full story.

Wiretapping Ruled Legal…Any Outrage?

Just days before George Bush leaves office, the FISA court issued a major ruling. Now remember, FISA stands for Foreign Intelligence Secrecy Act. It is a secret court that expedites warrants for our intelligence agencies to help fight the war on terror. In a really rare public opinion from the court, it validated the “power of the president and Congress to wiretap international phone calls and intercept e-mail messages without a specific court order, even when Americans’ private communications may be involved.”   Read the full story.

GM says that it may need more money from the government, err, the taxpayers.

General Motors Corp.’s chief operating officer said Monday that the automaker has presented a worst-case scenario to Congress in which it would need more money than the $13.4 billion allocated by the Treasury Department.

I’ve said it before and I’ll say it again, but the true government bailout should be bankruptcy.

Capitalism allows you to file for bankruptcy, reorganize in Chapter 11 and try to make a go of it again. That’s how the system should work. It should not entail us being told to empty our wallets because the Big 3 didn’t make cars that we wanted to buy.

In capitalism, if a business is allowed to fail, the marketplace allows other more efficient businesses to survive. We pervert the system by bailing out manufacturers who have inefficiencies.