After listening to the press conference just now on the bail out package, I sent the following message to Senator Dodd:
"You are pathetic. You stand up there thanking all your colleagues for this bail out package. I like the rest of your constituency know the real truth. Both Democrats and Republicans alike in the legislative and executive branch of the federal government brought about this mess. Liberals and conservatives alike have spoken often in the last ten years about giving home ownership to people who cannot afford it. This has been a despicable strategy for garnering votes that has now come back to bite those same voters. Instead of thanking your colleagues, you should be apologizing and admitting your failures to the electorate. You should be asking for forgiveness. The people cannot trust their elected officials."
Sunday, September 28, 2008
Friday, September 26, 2008
Getting the Word Out
http://www.antiquehomesmagazine.com/property.php?listing=117442
New posting on Antique Homes Magazine.
New posting on Antique Homes Magazine.
Thursday, September 25, 2008
Tuesday, September 23, 2008
Can you Trust Congress?
The democratic presidential candidate seems to be blaming the republican party and the Bush administration for the present economic problems. The first thing you should know is that you cannot trust that this man has the knowledge or experience to understand that current economic situation. He recently appeared at a speech in Florida to speak on economic policy accompanied by a bevy of ex-Clinton economic advisers. Is this going to foster change in government? Aren't we done with the Clinton people yet? Third, on the weekend talk show circuit this man was asked what caused the mortgage meltdown. He response was, "many factors contributed to the current situation." "May factors?" He doesn't know. Or, he isn't willing to tell the truth. But he is willing to blame republicans. This is the definition of pandering.
Let's look at the history of deregulation. The first deregulation bill was proposed by president Jimmy Carter and passed by the Congress under his watch. The result was the Savings and Loan crisis. You can read about it here: http://en.wikipedia.org/wiki/Savings_and_Loan_crisis
Then, you can read about how the democratic controlled congress failed to heed the warnings of Greenspan in 2005 and failed to pass legislation to curtail the excesses of the mortgage lenders. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0 If the link goes dead, I have the full article to send to you.
But, the question is can we trust Congress? Here's my take. The Republicans want their big banking buddies to have less regulation. Conservatives and libertarians believe in this stuff and generally, less control over business by government is a good thing. However, there needs to be a balance especially when it deals with capital markets that have wide-ranging impact. The democrats believe that their low income, working class constituents should be able to enjoy home ownership even if they can't afford it. They would prefer to tax the rich and give the money to the poor to buy a home. This is the liberal philosophy. So, here we have both parties working against common sense and the result is that the economy falls into despair.
The answer is that you cannot trust Congress. You need to vote these people out of office, Democrat and republican alike. The ones who created and want to continue this level of deregulation. Now we have a Secretary of the Treasury proposing a multi billion dollar bail out of the financial services industry. This man used to be the CEO of AIG folks. Where do you think his loyalty is? In four months he will be out of a job and looking to get back into a big paying job in the very industry he is trying to bail out. He stands to make a bundle from helping his buddies. You have to assume that he doesn't give a damn for your well being. Speak with your vote.
Let's look at the history of deregulation. The first deregulation bill was proposed by president Jimmy Carter and passed by the Congress under his watch. The result was the Savings and Loan crisis. You can read about it here: http://en.wikipedia.org/wiki/Savings_and_Loan_crisis
Then, you can read about how the democratic controlled congress failed to heed the warnings of Greenspan in 2005 and failed to pass legislation to curtail the excesses of the mortgage lenders. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0 If the link goes dead, I have the full article to send to you.
But, the question is can we trust Congress? Here's my take. The Republicans want their big banking buddies to have less regulation. Conservatives and libertarians believe in this stuff and generally, less control over business by government is a good thing. However, there needs to be a balance especially when it deals with capital markets that have wide-ranging impact. The democrats believe that their low income, working class constituents should be able to enjoy home ownership even if they can't afford it. They would prefer to tax the rich and give the money to the poor to buy a home. This is the liberal philosophy. So, here we have both parties working against common sense and the result is that the economy falls into despair.
The answer is that you cannot trust Congress. You need to vote these people out of office, Democrat and republican alike. The ones who created and want to continue this level of deregulation. Now we have a Secretary of the Treasury proposing a multi billion dollar bail out of the financial services industry. This man used to be the CEO of AIG folks. Where do you think his loyalty is? In four months he will be out of a job and looking to get back into a big paying job in the very industry he is trying to bail out. He stands to make a bundle from helping his buddies. You have to assume that he doesn't give a damn for your well being. Speak with your vote.
Sunday, September 21, 2008
Vice-Presidential Nominees
A certain rocket scientist that I know who happens to be my daughter asked my opinion on the Republican Party vice-presidential nominee.
My answer is; we’ll have to wait and see.
This is the second time in history that a woman has been nominated to one of the major political parties as a vice-presidential candidate. The first time was in 1984 when Democrat Walter Mondale, the vice-president under Carter, teamed up with Geraldine Ferraro to run against Ronald Reagan. Mondale/Ferraro lost in a landslide to Reagan partly because Mondale promised to raise taxes and argued that Reagan would also raise taxes while promising not to. Is history repeating itself here? Just to remind those students of history out there that did not live through this era in adulthood, the Reagan presidency ushered in the era of deficit spending and tax cuts that brought about the longest sustained period of economic growth in history and simultaneously brought the tiger of inflation under control.
So, the liberals and liberal media seem to be now on the defensive. The attacks on this woman vice-presidential nominee are endless, going to the core of gender stereotypes.
For me, I don’t care about gender or race. I look to qualifications and platform. So, one question might be; “is a governor qualified to be president?” Well, Reagan was previously a governor of California and in addition to his economic accomplishments, he was instrumental (with others including the Pope) in bringing about the end of the Cold War and the fall of communism in Russia. On the other hand, we have Jimmy Carter the former governor of Georgia, a one-term president that history mostly refers to as the most incompetent president in the modern era. However, he had one thing going against him from the start – he is a liberal democrat. He couldn’t solve the oil embargo and his military spending cuts were punctuated by a failed mission to rescue hostages in Iran – Operation Eagle Claw on April 24, 1980. It could be argued that the lack of military funding contributed to the helicopter mechanical failures of the mission which caused it to be called off. During the extradition of the forces from the rear clandestine air base in Iran, a helicopter crashed into a C-130 resulting in the death of eight American troops.
So, back to vice-presidential qualifications. Other history shows us that ultra-qualified candidates turned out to be incompetent in office while non-qualified candidates made history. Disclaimer: Don’t use anything I say to influence your vote decision. Go with your intuition.
My answer is; we’ll have to wait and see.
This is the second time in history that a woman has been nominated to one of the major political parties as a vice-presidential candidate. The first time was in 1984 when Democrat Walter Mondale, the vice-president under Carter, teamed up with Geraldine Ferraro to run against Ronald Reagan. Mondale/Ferraro lost in a landslide to Reagan partly because Mondale promised to raise taxes and argued that Reagan would also raise taxes while promising not to. Is history repeating itself here? Just to remind those students of history out there that did not live through this era in adulthood, the Reagan presidency ushered in the era of deficit spending and tax cuts that brought about the longest sustained period of economic growth in history and simultaneously brought the tiger of inflation under control.
So, the liberals and liberal media seem to be now on the defensive. The attacks on this woman vice-presidential nominee are endless, going to the core of gender stereotypes.
For me, I don’t care about gender or race. I look to qualifications and platform. So, one question might be; “is a governor qualified to be president?” Well, Reagan was previously a governor of California and in addition to his economic accomplishments, he was instrumental (with others including the Pope) in bringing about the end of the Cold War and the fall of communism in Russia. On the other hand, we have Jimmy Carter the former governor of Georgia, a one-term president that history mostly refers to as the most incompetent president in the modern era. However, he had one thing going against him from the start – he is a liberal democrat. He couldn’t solve the oil embargo and his military spending cuts were punctuated by a failed mission to rescue hostages in Iran – Operation Eagle Claw on April 24, 1980. It could be argued that the lack of military funding contributed to the helicopter mechanical failures of the mission which caused it to be called off. During the extradition of the forces from the rear clandestine air base in Iran, a helicopter crashed into a C-130 resulting in the death of eight American troops.
So, back to vice-presidential qualifications. Other history shows us that ultra-qualified candidates turned out to be incompetent in office while non-qualified candidates made history. Disclaimer: Don’t use anything I say to influence your vote decision. Go with your intuition.
Monday, September 15, 2008
More Pandering on the Right
Here are the promises of Senator McCain in his acceptance speech and my comments that you have all been waiting for. Well, there were more like beliefs than promises. Probably a safe strategy since I, like most of the electorate don’t believe in any politician promises.
“We’re going to change that [instead of freeing ourselves from a dangerous dependence on foreign oil, both parties and Senator Obama passed another corporate welfare bill for oil companies]”
Sounds like a good idea but I am not hopeful that any politician can break the oil cartel. Carter couldn’t do it.
“We believe in low taxes; spending discipline, and open markets.”
Something John Kennedy believed in also.
“We believe in a strong defense, work, faith, service, a culture of life, personal responsibility, the rule of law, and judges who dispense justice impartially and don’t legislate from the bench.”
Here’s one that is completely opposite to what the liberals in control of the Democratic Party believe.
“We believe in a government that unleashes the creativity and initiative of Americans. Government that doesn’t make your choices for you, but works to make sure you have more choices to make for yourself.”
Definition of a Republican. Democrats don’t believe this.
“I will keep taxes low and cut them where I can. My opponent will raise them. I will open new markets to our goods and services. My opponent will close them. I will cut government spending. He will increase it.”
Ok, I’m for that. Studies and experience has shown that when capital gains tax rates are raised, tax revenues go down. When Senator Obama was presented with that information when he was asked about his plan to raise capital gains taxes, he response was that raising capital gains rates was only fair. This is a clear indication that he is not interested in raising government revenues, but only in redistributing the wealth.
“Doubling the child tax exemption from $3500 to $7000…”
Let’s hope this doesn’t cause more illegal alien anchor babies.
“We need to shake up failed school bureaucracies with competition…”
I don’t see this happening. Schools are controlled by liberals and their unions.
“We are going to stop sending $700 billion a year to countries that don’t like us very much…”
Not much chance of this happening either.
“Senator Obama thinks we can achieve energy independence without more drilling and without more nuclear power.”
Yea, I’ve been wondering about that also. He and Pelosi have their heads in the sand if they really believe we can become free of foreign oil in ten years.
There is a resounding void in his speech on anything to do with immigration. Yet, we know that McCain believes in amnesty. He joined with that ultra-liberal Ted Kennedy to sponsor an amnesty bill. Fortunately, it was defeated by an up swell of public outcry. This is something to watch out for no matter who gets elected.
“We’re going to change that [instead of freeing ourselves from a dangerous dependence on foreign oil, both parties and Senator Obama passed another corporate welfare bill for oil companies]”
Sounds like a good idea but I am not hopeful that any politician can break the oil cartel. Carter couldn’t do it.
“We believe in low taxes; spending discipline, and open markets.”
Something John Kennedy believed in also.
“We believe in a strong defense, work, faith, service, a culture of life, personal responsibility, the rule of law, and judges who dispense justice impartially and don’t legislate from the bench.”
Here’s one that is completely opposite to what the liberals in control of the Democratic Party believe.
“We believe in a government that unleashes the creativity and initiative of Americans. Government that doesn’t make your choices for you, but works to make sure you have more choices to make for yourself.”
Definition of a Republican. Democrats don’t believe this.
“I will keep taxes low and cut them where I can. My opponent will raise them. I will open new markets to our goods and services. My opponent will close them. I will cut government spending. He will increase it.”
Ok, I’m for that. Studies and experience has shown that when capital gains tax rates are raised, tax revenues go down. When Senator Obama was presented with that information when he was asked about his plan to raise capital gains taxes, he response was that raising capital gains rates was only fair. This is a clear indication that he is not interested in raising government revenues, but only in redistributing the wealth.
“Doubling the child tax exemption from $3500 to $7000…”
Let’s hope this doesn’t cause more illegal alien anchor babies.
“We need to shake up failed school bureaucracies with competition…”
I don’t see this happening. Schools are controlled by liberals and their unions.
“We are going to stop sending $700 billion a year to countries that don’t like us very much…”
Not much chance of this happening either.
“Senator Obama thinks we can achieve energy independence without more drilling and without more nuclear power.”
Yea, I’ve been wondering about that also. He and Pelosi have their heads in the sand if they really believe we can become free of foreign oil in ten years.
There is a resounding void in his speech on anything to do with immigration. Yet, we know that McCain believes in amnesty. He joined with that ultra-liberal Ted Kennedy to sponsor an amnesty bill. Fortunately, it was defeated by an up swell of public outcry. This is something to watch out for no matter who gets elected.
Sunday, September 14, 2008
Elmcroft Website is Up
www.elmcroft.info
I created this website for linking from various advertisements I plan to post on Craigslist and Antique Homes Magazine. Yes, it is rather crude but I think it will get the job done.
I created this website for linking from various advertisements I plan to post on Craigslist and Antique Homes Magazine. Yes, it is rather crude but I think it will get the job done.
Monday, September 08, 2008
More Democrat Lies
On the Sunday talk circuit Senator Biden claimed that this is the only time we have instituted tax cuts during a war. I guess Joe is not a student of history. In 1964 the Kennedy tax cuts passed by Congress created the largest percentage tax cut in the history of the nation. Does anybody know what else was going on in 1964?
By the way, does anybody else get the feeling that these democrat liberals are going down in flames? They seem to be on the defensive now and Obama seems to be running against George Bush. Somebody needs to remind Obama that Bush is termed out.
By the way, does anybody else get the feeling that these democrat liberals are going down in flames? They seem to be on the defensive now and Obama seems to be running against George Bush. Somebody needs to remind Obama that Bush is termed out.
Sunday, September 07, 2008
Summer Closing Down
Well, in Woodbridge anyway. Last evening was the last concert on North Lake in Woodbridge, ending in a traditional Southern California style with a Beach Boys tribute band. Then it was on to the new Orange County Great Park just a few miles down the road still in Irvine to see a great performance by Eileen Ivers and Immigrant Soul, the nine-time all-Ireland fiddle champion and her all-Irish band. Did I mention that all of these concerts are free? Not even a charge for parking. And you can bring your own picnic food including alcohol and seating. The Orange County Great Park concerts continue through September 27. Check out the schedule.
The Orange County Great Park is being built on the old El Toro Marine Corps Air Station which has a rich history in the defense of our nation dating back to 1942. We attended some spectacular air shows at the base during the 1990's which drew an attendance of about 300,000 except for the last one in 1997 during which 2 million people attended. We were there in 1993 to see the pride of the air force F-118 roll out onto the runway and awe the crowd with spectacular aerial maneuvers. It was also that year that we witnessed the crash of the F-86 Sabre Jet.
The Orange County Great Park is being built on the old El Toro Marine Corps Air Station which has a rich history in the defense of our nation dating back to 1942. We attended some spectacular air shows at the base during the 1990's which drew an attendance of about 300,000 except for the last one in 1997 during which 2 million people attended. We were there in 1993 to see the pride of the air force F-118 roll out onto the runway and awe the crowd with spectacular aerial maneuvers. It was also that year that we witnessed the crash of the F-86 Sabre Jet.
Monday, September 01, 2008
Lack of Experience
One more big error from the Obama acceptance speach. I'm not suggesting that Senator Obama made this error. His error was in hiring advisors that lack knowledge and experience in fiscal matters.
"I will eliminate capital gains taxes for the small businesses and the start-ups that will create the high-wage, high-tech jobs of tomorrow."
Now, I would estimate that about 0% of all small businesses and start-ups are subject to capital gains tax. Capital gains tax is a tax on the gain or loss from the sale of capital assets held for more than one year. So, what is a capital asset? Well, real estate (land and improvements), machinery and equipment, furnishings, and stocks or bonds of other corporations. Would you think that any start-up business would be looking to make capital gains on these types of assets? Just to clarify; any business that buys and sells such items as its primary business is not engaged in capital assets. They are selling inventory. So, if your business is developing land into residential homesites, you are selling inventory, not capital assets. The profit from such activity would be ordinary income, not capital gain.
Is Senator Obama the kind of person you want to be running the executive branch of the US Government? Perhaps we should wait until he has a better grasp for fiscal matters.
"I will eliminate capital gains taxes for the small businesses and the start-ups that will create the high-wage, high-tech jobs of tomorrow."
Now, I would estimate that about 0% of all small businesses and start-ups are subject to capital gains tax. Capital gains tax is a tax on the gain or loss from the sale of capital assets held for more than one year. So, what is a capital asset? Well, real estate (land and improvements), machinery and equipment, furnishings, and stocks or bonds of other corporations. Would you think that any start-up business would be looking to make capital gains on these types of assets? Just to clarify; any business that buys and sells such items as its primary business is not engaged in capital assets. They are selling inventory. So, if your business is developing land into residential homesites, you are selling inventory, not capital assets. The profit from such activity would be ordinary income, not capital gain.
Is Senator Obama the kind of person you want to be running the executive branch of the US Government? Perhaps we should wait until he has a better grasp for fiscal matters.
Sunday, August 31, 2008
More Political Pandering
I have read with interest the acceptance speech of Senator Obama and I thought I might just point out some of the pandering contained therein. The oratory contained no less than 16 promises. I doubt that if elected President he could bring about even 10% of them. It will be interesting to see how many promises Senator McCain makes because he won’t be able to bring about any higher percentage.
It is interesting to note that Congress of which both Obama and McCain are members have not been able to effect the changes they are presenting us. Of course, it is well know that Senator Obama has spent his entire short Congressional career running for President.
Considering that most of his speech was finding fault with the Bush administration and trying to tie McCain to it, here are his quotes and my comments.
“[Tonight] more of you have lost your homes and even more are watching your home values plummet.”
Congress passed the laws to de-regulate the banking and mortgage industry.
“[Tonight] more of you have … tuition that’s beyond your reach.”
Liberal universities set their tuition fees. Of course, the liberals would like to take more money from the rich to subsidize tuition.
“This country is more decent than one where a woman in Ohio, on the brink of retirement, finds herself one illness away from disaster after a lifetime of hard work.”
I’m not quite sure what the Bush administration has to do with this woman’s illness.
“We are more compassionate than a government that lets veterans sleep on our streets…”
Surveys show that most of these veterans choose to sleep on the streets.
“Why else would he [McCain] define middle-class as someone making under five million dollars a year?”
Senator McCain never so defined the middle-class. He did say that a rich person might be defined as someone making that amount.
“How else could he propose hundreds of billions in tax breaks for big corporations and oil companies but not one penny of tax relief to more than one hundred million Americans?”
Senator McCain has consistently proposed keeping the current tax cuts for individuals while you have proposed raising taxes.
“How else could he offer … a plan that would privatize Social Security and gamble your retirement?”
Investing in equities is not gambling. In fact, most investment managers agree that retirees will run out of money if they don’t continue to invest at least 40% of their portfolios in equities. Let’s see what kind of investments Senator Obama uses.
“For over two decades, he’s [McCain] subscribed to that old … hope that prosperity trickles down to everyone else.”
Well, that was the philosophy that John F. Kennedy subscribed to. And, it worked.
“In Washington … what it really means is … Pull yourself up by your own bootstraps – even if you don’t have boots.”
Oops, something Senator Biden believes in.
“We measure the strength of our economy [on] … whether the waitress who lives on tips can take a day off to look after a sick kid without losing her job.”
This waitress can probably already do that. It’s called FMLA.
“Businesses should live up to their responsibilities to create American jobs…”
Well, maybe that’s what the responsibility of a business should be in a socialist economy. In a free-enterprise economy, businesses have a responsibility to their shareholders to make a fair return on investment. Creating jobs is a by-product of a successful business. This, folks, is the true mantra of a socialist.
“[John McCain said] no to renewable fuels.”
You mean those renewable fuels that are driving up the cost of food worldwide. Another liberal debacle of trying to manage the economy.
“Drilling is a stop-gap measure.”
Maybe, but why are you so against it? Perhaps you think we should keep importing oil from unfriendly nations.
“I will find ways to safely harness nuclear power.”
“Duhh – we already do that.”
“[I] made clear that we must take out Osama bin Laden and his lieutenants if we have them in our sights.
How come your buddy Clinton didn’t do that?
“[McCain] won’t even go to the cave where he [bin Laden] lives.”
And, just where is that cave, Mr. Obama? And, why haven’t you gone there?
“We are the party of Kennedy.”
You mean the Kennedy that put through the biggest tax cut in this nation’s history and successfully turned around a recession? By putting more money back in the hands of the people? Something called supply-side economics? The fact is the democratic party of today is not the party of Kennedy. What have you liberals done with that party?
“Don’t tell me that Democrats won’t keep us safe.”
I’ll take that challenge. Democrats won’t keep us safe! Carter made disastrous military spending cuts. Clinton consistently avoided dealing with the terrorists. Clinton’s secretary of state said that we “are not the police of the world.” I guess Clinton believes that we should just stand by and watch people being oppressed and killed.
“I will end this war in Iraq responsibly.”
But not with dignity or victory.
“I will also renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons...”
I didn’t know the Bush administration stopped.
“Passions fly on immigration, but I don’t know anyone who benefits when a mother is separated from her infant child or an employer undercuts American wages by hiring illegal workers.”
So, we should keep anchor baby illegal alien mothers in the country but not let them work. By the way, any illegal alien mother can take their anchor child back home to her home country.
It is interesting to note that Congress of which both Obama and McCain are members have not been able to effect the changes they are presenting us. Of course, it is well know that Senator Obama has spent his entire short Congressional career running for President.
Considering that most of his speech was finding fault with the Bush administration and trying to tie McCain to it, here are his quotes and my comments.
“[Tonight] more of you have lost your homes and even more are watching your home values plummet.”
Congress passed the laws to de-regulate the banking and mortgage industry.
“[Tonight] more of you have … tuition that’s beyond your reach.”
Liberal universities set their tuition fees. Of course, the liberals would like to take more money from the rich to subsidize tuition.
“This country is more decent than one where a woman in Ohio, on the brink of retirement, finds herself one illness away from disaster after a lifetime of hard work.”
I’m not quite sure what the Bush administration has to do with this woman’s illness.
“We are more compassionate than a government that lets veterans sleep on our streets…”
Surveys show that most of these veterans choose to sleep on the streets.
“Why else would he [McCain] define middle-class as someone making under five million dollars a year?”
Senator McCain never so defined the middle-class. He did say that a rich person might be defined as someone making that amount.
“How else could he propose hundreds of billions in tax breaks for big corporations and oil companies but not one penny of tax relief to more than one hundred million Americans?”
Senator McCain has consistently proposed keeping the current tax cuts for individuals while you have proposed raising taxes.
“How else could he offer … a plan that would privatize Social Security and gamble your retirement?”
Investing in equities is not gambling. In fact, most investment managers agree that retirees will run out of money if they don’t continue to invest at least 40% of their portfolios in equities. Let’s see what kind of investments Senator Obama uses.
“For over two decades, he’s [McCain] subscribed to that old … hope that prosperity trickles down to everyone else.”
Well, that was the philosophy that John F. Kennedy subscribed to. And, it worked.
“In Washington … what it really means is … Pull yourself up by your own bootstraps – even if you don’t have boots.”
Oops, something Senator Biden believes in.
“We measure the strength of our economy [on] … whether the waitress who lives on tips can take a day off to look after a sick kid without losing her job.”
This waitress can probably already do that. It’s called FMLA.
“Businesses should live up to their responsibilities to create American jobs…”
Well, maybe that’s what the responsibility of a business should be in a socialist economy. In a free-enterprise economy, businesses have a responsibility to their shareholders to make a fair return on investment. Creating jobs is a by-product of a successful business. This, folks, is the true mantra of a socialist.
“[John McCain said] no to renewable fuels.”
You mean those renewable fuels that are driving up the cost of food worldwide. Another liberal debacle of trying to manage the economy.
“Drilling is a stop-gap measure.”
Maybe, but why are you so against it? Perhaps you think we should keep importing oil from unfriendly nations.
“I will find ways to safely harness nuclear power.”
“Duhh – we already do that.”
“[I] made clear that we must take out Osama bin Laden and his lieutenants if we have them in our sights.
How come your buddy Clinton didn’t do that?
“[McCain] won’t even go to the cave where he [bin Laden] lives.”
And, just where is that cave, Mr. Obama? And, why haven’t you gone there?
“We are the party of Kennedy.”
You mean the Kennedy that put through the biggest tax cut in this nation’s history and successfully turned around a recession? By putting more money back in the hands of the people? Something called supply-side economics? The fact is the democratic party of today is not the party of Kennedy. What have you liberals done with that party?
“Don’t tell me that Democrats won’t keep us safe.”
I’ll take that challenge. Democrats won’t keep us safe! Carter made disastrous military spending cuts. Clinton consistently avoided dealing with the terrorists. Clinton’s secretary of state said that we “are not the police of the world.” I guess Clinton believes that we should just stand by and watch people being oppressed and killed.
“I will end this war in Iraq responsibly.”
But not with dignity or victory.
“I will also renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons...”
I didn’t know the Bush administration stopped.
“Passions fly on immigration, but I don’t know anyone who benefits when a mother is separated from her infant child or an employer undercuts American wages by hiring illegal workers.”
So, we should keep anchor baby illegal alien mothers in the country but not let them work. By the way, any illegal alien mother can take their anchor child back home to her home country.
Sunday, August 24, 2008
SPRINGSTEEN
The Woodbridge Community Park hosted Josh Tanner and his SPRINGSTEEN tribute band to end the summer concert series put on by the city of Irvine. The audio is not so good on my little Sony camera but it was an awesome rock concert. Most of the bass is supressed. Also, it was getting quite dark as they played Born in the USA past 8 pm.
The first video is the north end of South Lake as I was walking from my home to the Woodbridge Community Park. Tht structure out in the lake is a gazebo.
The first video is the north end of South Lake as I was walking from my home to the Woodbridge Community Park. Tht structure out in the lake is a gazebo.
Wednesday, August 20, 2008
When is Fuel Not a Fuel?
Jason Grumet is the energy advisor for Mr. Obama. Recently I saw an interview that Mr. Grumet gave in which he claimed that we "need to promote alternate fuels for automobiles like electricity."
Now, Mr. Grumet is probably a smart man and maybe he just misspoke. Or, perhaps basic science and the laws of thermodynamics are not his strong suit.
So Mr. Grumet, it may come as a surprise to you but electricity is not a fuel. This goes to the core of how we use energy to move people from place to place.
From Wikipedia: "Fuel is any material that is burned or altered in order to obtain energy. Fuel releases its energy either through a chemical reaction means, such as combustion, or nuclear means, such as nuclear fission or nuclear fusion. An important property of a useful fuel is that its energy can be stored to be released only when needed, and that the release is controlled in such a way that the energy can be harnessed to produce work."
Electricity is a form of energy but it is not a fuel. Electricity is a flexible form of energy in that it can be transported and stored as an electrical charge with high efficiency.
So, for those of you who may have been misled to think that powering your automobile with electricity will result in less fossil fuel being burned, just what fuel will be used to generate that electricity? Currently about 95% of all electricity produced in this country comes from fuels like oil, natural gas and coal. Most of the remainder comes from solar, nuclear, and hydroelectric. Switching to electrically powered vehicles does not, in and of itself, reduce reliance on oil or reduce the production of carbon dioxide as a by-product. It would seem that Mr. Grumet does not understand this concept.
It would be interesting to know what is the true efficiency of the different fuels and forms of using the energy produced thereof to move humans and goods. For instance, what is the true energy cost of buring oil or coal? How much energy is consumed to locate it, extract it, transport it, process it, and deliver it to a vehicle? I could argue that wood might be the most efficient fuel when considering all of the other energy costs. Ultimately, the market should give us a guide as to the true cost of a fuel. When I was involved in the nuclear energy marketplace, I always wondered when the breakeven point is reached in terms of net positive energy produced from a new nuclear power plant. Consider all of the materials, work and services that goes into producing a power plant and all of the energy consumed along the way. When is the energy payback reached?
So, Mr. Grumet, before we can allow the government to mandate that all of our vehicles use electricity as an energy source we need to see where that energy is coming from. Your boss doesn't think that the use of nuclear energy is in the mix.
Now, Mr. Grumet is probably a smart man and maybe he just misspoke. Or, perhaps basic science and the laws of thermodynamics are not his strong suit.
So Mr. Grumet, it may come as a surprise to you but electricity is not a fuel. This goes to the core of how we use energy to move people from place to place.
From Wikipedia: "Fuel is any material that is burned or altered in order to obtain energy. Fuel releases its energy either through a chemical reaction means, such as combustion, or nuclear means, such as nuclear fission or nuclear fusion. An important property of a useful fuel is that its energy can be stored to be released only when needed, and that the release is controlled in such a way that the energy can be harnessed to produce work."
Electricity is a form of energy but it is not a fuel. Electricity is a flexible form of energy in that it can be transported and stored as an electrical charge with high efficiency.
So, for those of you who may have been misled to think that powering your automobile with electricity will result in less fossil fuel being burned, just what fuel will be used to generate that electricity? Currently about 95% of all electricity produced in this country comes from fuels like oil, natural gas and coal. Most of the remainder comes from solar, nuclear, and hydroelectric. Switching to electrically powered vehicles does not, in and of itself, reduce reliance on oil or reduce the production of carbon dioxide as a by-product. It would seem that Mr. Grumet does not understand this concept.
It would be interesting to know what is the true efficiency of the different fuels and forms of using the energy produced thereof to move humans and goods. For instance, what is the true energy cost of buring oil or coal? How much energy is consumed to locate it, extract it, transport it, process it, and deliver it to a vehicle? I could argue that wood might be the most efficient fuel when considering all of the other energy costs. Ultimately, the market should give us a guide as to the true cost of a fuel. When I was involved in the nuclear energy marketplace, I always wondered when the breakeven point is reached in terms of net positive energy produced from a new nuclear power plant. Consider all of the materials, work and services that goes into producing a power plant and all of the energy consumed along the way. When is the energy payback reached?
So, Mr. Grumet, before we can allow the government to mandate that all of our vehicles use electricity as an energy source we need to see where that energy is coming from. Your boss doesn't think that the use of nuclear energy is in the mix.
Tuesday, August 19, 2008
No Contest
For your reading pleasure:
http://www.ibdeditorials.com/IBDArticles.aspx?id=303952351194789
Update: As of 8/20/08, three days after the event, McCain is leading Obama in the poles by 5% up from even before the event and an Obama 7% lead in July. Reason and logic quite often prevail.
http://www.ibdeditorials.com/IBDArticles.aspx?id=303952351194789
Update: As of 8/20/08, three days after the event, McCain is leading Obama in the poles by 5% up from even before the event and an Obama 7% lead in July. Reason and logic quite often prevail.
Sunday, August 10, 2008
Yes, I do Have a Life
Every other week on Saturday evening there is a concert on the lake in Irvine. Actually, North Lake as there are two lakes in Woodbridge Village. I understand that some of you may think that these are just big ponds but we call them lakes.
Two weeks ago we had the Orange County Philarmonic Orchestra. This past saturday evening it was The Ho-Dads, a great roak-n-roll group: http://www.hodads.com/ Click on "Videos" to see some of their music.
The tradition is to bring some wine, cheese and other snacks. It's very much like the band concerts on Cape Cod except here we have ducks and geese flying overhead instead of gulls.
Thursday, August 07, 2008
Windfall Profits Tax
The presumptive Democratic presidentail nominee has suggested a windfall profits tax on the big oil companies. He further advised that the revenue from this tax would be used to pay for another stymulus payment individual taxpayers.
So, let's analyze how much proft the oil companies make. At the left are three representative big oil companies. Notice that only ExxonMobil has crept over the 10% net profit mark in the last ten years. Next, we can see the net profit for Microsoft during the last ten years. It looks like it has averaged about 30% during that period.
So, whom does the Democratic nominee suggest is making windfall profits?
Prediction: The price of oil will be below $60 within 18 months.
Wednesday, August 06, 2008
Celebrity Politics
This will be the first of many political rants as we enter the final run for the presidential election. The democratic candidate seems to be fine tuning the art of pandering that democrats are so well known for.
"I was merely trying to express my delight at Obama's commitment to his campaign in every aspect and his interest and his support (in) his surrogates and his staff and his fellows, and how wonderful and refreshing that is."
This quote was uttered by one of many celebrity airheads that seem to favor the liberal agenda, none other than Scarlett Johansson. Yes, indeed, an important aspect of a president is his commitment to his campaign and lackeys. Never before has a candidate been committed to his campaign. Brilliant logic. Never mind that policy stuff Scarlett. I guess you can't quite grasp things like the economy, energy, and security. With spokes people like this and their minions that will follow them, Rome here we come.
"I was merely trying to express my delight at Obama's commitment to his campaign in every aspect and his interest and his support (in) his surrogates and his staff and his fellows, and how wonderful and refreshing that is."
This quote was uttered by one of many celebrity airheads that seem to favor the liberal agenda, none other than Scarlett Johansson. Yes, indeed, an important aspect of a president is his commitment to his campaign and lackeys. Never before has a candidate been committed to his campaign. Brilliant logic. Never mind that policy stuff Scarlett. I guess you can't quite grasp things like the economy, energy, and security. With spokes people like this and their minions that will follow them, Rome here we come.
Sunday, August 03, 2008
Bathroom Upgrade
I finally got around to installing the new shower door and spray nozzel. The old door has a rotted rubber gasket on the frame that was leaking and growing mold. I bought a framless door. Naturally, it wasn't easy. Some of the grout needed to be replaced and the anchors were a problem since the tile is place on a mud wall. So, it took me most of Saturday and Sunday morning.
And, no, there isn't a toilet in the shower. It's a reflection from the glass.
Wednesday, July 30, 2008
The World is Upside Down
The other day there was a middle-age man in a suit standing at a bus stop at 6:45 AM. This is just not right. After all, standing at bus stops is only permitted for cleaning ladies in the late afternoon as they return home to their barrios.
Then there was this chubby guy riding a bicycle of all things, along a main road between the industrial city of Santa Ana and the residential/professional city of Irvine. He was wearing a brand new velour sweat suit. I guess he doesn’t understand that these roads as just for motor vehicles. Bicycles are for the parks on the weekends.
How about the people walking along sidewalks during rush hour? The injustice of it all! They create a nuisance for us SUV drivers trying to make a right hand turn as they actually have the nerve to use a crosswalk.
I must have seen several of these Vespa-like scooters out and about during rush hour. I try to run them off the road but they scamper about between the rows of vehicles as if they have some superiority over us traditionalists. I’ll get one some day if I just keep trying.
Then I hear there are people actually using old vegatable oil to run their vehicles. Make it stop!
Now we can see the results of all this nonsense. In May U.S. drivers drove 9.6 billion less miles that in the previous May. That’s about $2 billion loss in revenues for the oil companies. Now you see who is driving who off the road. I say abandon the bus stops, bicycles, scooters and walking shoes. Back into your vehicles you beatniks. Think what might happen to my equity investments in big oil. Think about my retirement. My children’s inheritance. Woe the injustice of it all.
Tuesday, July 29, 2008
Moderate Quake hits SoCal
A moderate earthquake occurred at 11:42 a.m. (PDT) on Tuesday, July 29, 2008. The magnitude 5.4 event occurred 3 km southwest of Chino Hills, CA. The hypocentral depth is 12km.This is about 20 miles as the crow flies from my home in Irvine. The shaking was quite severe for about 15 seconds followed by a slow rolling motion for about 30 seconds. No significant damages.
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