Bridge to Nowhere?
Ketchikan Gateway Borough Mayor Defends 'Bridge to Nowhere'
http://maps.google.com/maps?f=q&hl=en&geocode=&q=Ketchikan,+Alaska&ie=UTF8&ll=55.355697,-131.705303&spn=0.020395,0.055275&t=h&z=14
Saturday, October 25, 2008
Sunday, October 19, 2008
A note on the economy
The inevitable economic doom is finally here. For a long time, I and many others have been criticizing the economic situation the United States has placed itself in. Unwise lending practices, poor consumer spending choices, and absurd levels of debt, have led to the current predicament.
Couple this with the Federal Reserve constantly creating money out of thin air and waving their monetary policy's magic wand in hopes that it can constantly stave off the death of an inherently unequal and poor economic system, has only made matters worse.
The economy is in trouble. Fortunes have been lost and people both on main street and wall street are hurting. In times like these, it would be valuable to stop, and assess what's really happening, and change direction. Unfortunately, this will not be the case. The federal government has already passed a bailout bill, essentially socializing the banking industry and rewarding the massive unwise speculative policies of the the crooks on Wall Street.
Here is what should be done: Let the banks fail, let the economy sink into a recession. Then, we will be in a much better position to fix the system. So how do we fix it? First, abolish the federal reserve. Second, return the dollar to the gold standard. Third, nullify NAFTA and any other "free" trade agreements. Then, begin the process of using tariffs as a genuine form of government revenue, and as such, reduce the taxes collected through the income tax. Of course, it would also be nice to get rid of the income tax system all together. Finally, balance the federal budget and begin systematically eliminating the federal debt.
The final component would be for every individual American to begin living within his/her means. That would mean not using your credit card for non-emergencies, not buying a house that you can't afford, and actually saving money.
The real solution is not the easiest road. It would be difficult and probably prolong the recession. But it is a long-term solution as opposed to the constant short term policies of federal government bailouts and federal reserve monetary voodoo. But if we actually do what is necessary the U.S. economy would emerge stronger than ever and in a position for long run stability and success.
Forgive my cynicism, but I fully anticipate a continuance of the disastrous policies that led us here.
See post from August 9, 2006
The inevitable economic doom is finally here. For a long time, I and many others have been criticizing the economic situation the United States has placed itself in. Unwise lending practices, poor consumer spending choices, and absurd levels of debt, have led to the current predicament.
Couple this with the Federal Reserve constantly creating money out of thin air and waving their monetary policy's magic wand in hopes that it can constantly stave off the death of an inherently unequal and poor economic system, has only made matters worse.
The economy is in trouble. Fortunes have been lost and people both on main street and wall street are hurting. In times like these, it would be valuable to stop, and assess what's really happening, and change direction. Unfortunately, this will not be the case. The federal government has already passed a bailout bill, essentially socializing the banking industry and rewarding the massive unwise speculative policies of the the crooks on Wall Street.
Here is what should be done: Let the banks fail, let the economy sink into a recession. Then, we will be in a much better position to fix the system. So how do we fix it? First, abolish the federal reserve. Second, return the dollar to the gold standard. Third, nullify NAFTA and any other "free" trade agreements. Then, begin the process of using tariffs as a genuine form of government revenue, and as such, reduce the taxes collected through the income tax. Of course, it would also be nice to get rid of the income tax system all together. Finally, balance the federal budget and begin systematically eliminating the federal debt.
The final component would be for every individual American to begin living within his/her means. That would mean not using your credit card for non-emergencies, not buying a house that you can't afford, and actually saving money.
The real solution is not the easiest road. It would be difficult and probably prolong the recession. But it is a long-term solution as opposed to the constant short term policies of federal government bailouts and federal reserve monetary voodoo. But if we actually do what is necessary the U.S. economy would emerge stronger than ever and in a position for long run stability and success.
Forgive my cynicism, but I fully anticipate a continuance of the disastrous policies that led us here.
See post from August 9, 2006
Thursday, October 16, 2008
A vote of confidence
After much consideration, I have decided to cast my vote for the Baldwin/Castle ticket. I thoroughly believe Baldwin is the best and most qualified candidate and would serve admirably as our next president.
After much consideration, I have decided to cast my vote for the Baldwin/Castle ticket. I thoroughly believe Baldwin is the best and most qualified candidate and would serve admirably as our next president.
A link to his website:
Monday, October 06, 2008
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