Tuesday, April 28, 2009

Hijacker Hat

Hawks Win!!!!!

Congrats to the young Chicago Blackhawks on their first round victory in pursuit of Lord Stanley's Cup.

President Prompter

Baracko gets ahead of his visual pacifier:


Tuesday, April 21, 2009

From Forbes....

Tea Party Economics

Brian S. Wesbury and Robert Stein, 04.21.09, 12:01 AM EDT

As government grows, we can expect more protest.

Accounts vary, but it seems that a few hundred thousand people attended one of about 500 Tax Day Tea Parties on April 15. In the aftermath, politicians on both sides of the political aisle were energized. Conservatives hoped the tea parties signaled renewed support for the idea of limited government, while some liberals called the protests unhealthy and unpatriotic. Don't ya just love politics?

The good news is that economists can take a more dispassionate view. And the way economists contribute to the debate is with public choice theory, an idea fathered by Duncan Black, Gordon Tulluck and the Nobel Prize-winner James Buchanan. While the theory of public choice can be broadly applied, it is the ideas of "special interests" and "rational ignorance" that are useful in understanding last week's tea parties.

Here's an example of public choice at work. Let's say teachers could benefit by $2,000 each per year (in higher pay or benefits, smaller classes, etc.) from a piece of legislation currently under debate. But the cost per taxpayer averages just $15 per year.

The "special interests" (teachers and politicians) have substantial personal incentive to see that the bill is passed. Teachers, who benefit directly, will use time and money to lobby for the bill. And lawmakers will expect campaign contributions, votes or both, in exchange for their support.

But the taxpayer will remain "rationally ignorant" of the whole process. Why spend time even thinking about an issue when the cost is only $15 per year?

A perfect example of this process can be found in the Sunday edition of The Washington Post, in the story "Murtha's Earmarks Keep Airport Aloft." The Post reported that John Murtha, D-Pa., using his powerful position on the House Appropriations Committee, has steered $200 million of federal funds to support the John Murtha Airport in Johnstown, Pa. Most voters have never heard of this airport and pay little for it. But passenger traffic is down by half in the past 10 years, even though the congressman uses it frequently. One could only wonder what would happen if all Americans were allowed to vote to continue funding this facility. But that's not the way the process works.

This is why government will tend to grow in excess of what a true democracy really wants. At least, it will grow until those $15 hits accumulate to such a level that people have finally had enough, and in a seemingly spontaneous eruption, the average voter finds the energy to fight back.

Apparently, this is what happened last week. This same energy was also evident in the midterm elections of 1994 when Newt Gingrich became speaker of the House, and in 1980 when Ronald Reagan became president by tapping into anger about the size and cost of government.

What's interesting is that many who did not have the energy or ability to attend a tea party last week still wanted to watch them on TV. The coverage of the events by Fox News, which highlighted the protests more than other outlets, attracted more viewers than MSNBC, CNN and CNN Headline News combined. This shows that millions more were paying attention and suggests wider support for the protests.

Some analysts have made the case that Americans are not overtaxed (at the federal level) and that therefore the protests were not justified. But this misses the point. Government spending is exploding, with the Congressional Budget Office projecting $9.3 trillion in deficits over the next 10 years. People know that this spending represents future taxes.

Here is an interesting set of facts. If the government increased the top tax rate from the current rate of 35% to 100% (yes, that's right 100%), it would only collect an extra $400 billion this year. In other words, confiscating all the income that is currently taxed at 35% would not raise enough revenue to cover any of the annual deficits projected in the next 10 years. There is no way that tax hikes on the rich alone can pay for proposed spending in the current budget.

In addition, state and local taxes are going up, with at least 10 states planning on hiking taxes. And promised future spending on Social Security and health care must also be paid for. Under the Obama administration's budget, federal government spending in the next 10 years will average 24% of GDP, almost triple what it was back in the 1930s. As a result, when we add together today's taxes and expected future taxes, Americans will face a bigger tax burden than at any time in history.

Meanwhile, the government is taking over private-sector companies, printing massive amounts of new money and interfering in the free market. And it doesn't help that this has happened while many government officials are running into trouble over not paying their own taxes, which undermines the Obama administration's call for the average taxpayer to sacrifice for the greater good.

In the end, the Tax Day Tea Parties are a very interesting case study for public choice theory. Whether or not they suggest a shift in the political landscape is another issue. If government continues to grow and cost more, we would expect to see more spontaneous voter response.

Brian S. Wesbury is chief economist and Robert Stein senior economist at First Trust Advisors in Wheaton, Ill. They write a weekly column for Forbes.

Friday, April 17, 2009

The chickens come home to roost

The Connecticut Post article on Christopher Dodd's fundraising to date. Only 5 Connecticut residents have donated - a total of $4,250. The rest of his war chest is funded from other states and PACs.

Those are not going to be the people who vote for him.

Read here:


Michigan Small Business of the Week

Game 1 - NHL Western Conference Playoffs

Blackhawks 3 - Calgary 2 in OT

Marty Havlata with game winning goal.

Jonathan Towes and the "Bulin Wall" with outstanding games.

Thursday, April 16, 2009

A Star is Born!

You Tube sensation Susan Boyle left Simon Cowell flabergasted in her audition during Britain's Got Talent.

She is unmarried, 47 and an unemployed church volunteer. She was laughed at as she spoke on stage. Then, she sang....

Check out the video on this link:


Karl Rove on the implication of Tea Parties....


Tuesday, April 14, 2009

Texas grumbles...

WAKE UP CALL: TEXAS GOV. BACK RESOLUTION AFFIRMING SOVEREIGNTYTue Apr 14 2009 08:44:54 ETAUSTIN – Gov. Rick Perry joined state Rep. Brandon Creighton and sponsors of House Concurrent Resolution (HCR) 50 in support of states’ rights under the 10th Amendment to the U.S. Constitution. “I believe that our federal government has become oppressive in its size, its intrusion into the lives of our citizens, and its interference with the affairs of our state,” Gov. Perry said. “That is why I am here today to express my unwavering support for efforts all across our country to reaffirm the states’ rights affirmed by the Tenth Amendment to the U.S. Constitution. I believe that returning to the letter and spirit of the U.S. Constitution and its essential 10th Amendment will free our state from undue regulations, and ultimately strengthen our Union.” Perry continued: "Millions of Texans are tired of Washington, DC trying to come down here to tell us how to run Texas." [VIDEO] A number of recent federal proposals are not within the scope of the federal government’s constitutionally designated powers and impede the states’ right to govern themselves. HCR 50 affirms that Texas claims sovereignty under the 10th Amendment over all powers not otherwise granted to the federal government. It also designates that all compulsory federal legislation that requires states to comply under threat of civil or criminal penalties, or that requires states to pass legislation or lose federal funding, be prohibited or repealed.

Monday, April 13, 2009

Chuck Norris on taxes....

From Worldnet Daily:

"Today, the IRS is the No. 1 enemy of your pocketbook. Who doesn't fear an IRS audit? It's the only federal agency that considers you guilty until proven innocent. It can't be overhauled or even reformed (Congress' attempts have failed).

The best answer is to abolish the IRS, sweep away the present tax code, and implement a Fair Tax that lives up to its name. As Mike Huckabee says, "Wouldn't it be nice if April 15 were just another sunny spring day?" (Mike will be hosting a Fair Tax rally in Columbia, S.C.)

The Fair Tax does away with all taxes and puts in place a single consumptive (fair) tax, which is the closest, practical, modern proposal to the taxation system favored by the founders. With the Fair Tax, the harder you work and the more money you make, the better off you and our economy will be. You pay taxes only when you buy something, which means you can control how much you're taxed, and you're never penalized for working hard.

It's time we had a system through which people didn't have to figure out ways to cheat to save their money. Again as Huckabee says,

The Fair Tax is a completely transparent tax system. It doesn't increase taxes. It's revenue neutral. But here's what it will do. It will bring a business
back to the United States that is leaving our shores because our tax laws make it impossible for an American-based business to compete … the Fair Tax was designed by economists from Harvard and Stanford and some of the leading think tanks across the country. …
There are also trillions of dollars hiding in offshore accounts. With the Fair Tax, these people can bring their money back to invest here, which would give a huge boost to our economy. It's the biggest stimulation package there is. As the Fair Tax website says, "Think of it as the world's biggest economic jumper cables!"

If the Founding Fathers were here today, I believe they would support the Fair Tax. As James Madison said, "Taxes on consumption are always least burdensome, because they are least felt, and are borne too by those who are both willing and able to pay them; that of all taxes on consumption, those on foreign commerce are most compatible with the genius and policy of free States."

We don't need more tax reform. We need a tax revolution! And the Fair Tax will provide it. If we all jump on the Fair Tax bandwagon, and demand out representatives implement such a taxation system, we can economically restore our nation and make the financially impossible become possible again.

Friends, we must keep fighting. Join your nearest T.E.A. party or Fair Tax rally, and bring your cell phone too so that you can call Congress and the president to share why you've gathered together (the phone number for representatives and senators is 202-224-3121, and the president's is 202-456-1414).

If you haven't found the nearest location for a T.E.A. party or Fair Tax rally, go to teapartyday.com,fairtax.org or WND's list. Invite your friends, too. And don't forget to bring copies of this article or one like it that explains the Fair Tax, so others can be educated as well. Why wait? Forward it now to everyone you know, and let's get the party rolling!"

Tuesday, April 7, 2009

Big Z

After watching Carlos Zambrano's pitching performance last night, it is apparent that he is maturing. No more "fits" on the mound. He can regain focus and tempo after having early problems. This is good to see.

Monday, April 6, 2009

Hope Springs Eternal

On ESPN's Baseball Tonight, Tim Kurkjians prediction for the 2009 World Series:
Cubs over the Yankees

Friday, April 3, 2009

Weekend Belle

The weekend Belle is ringing!

Blake O'Brien - Glenbard West Ace Pitcher

Blake O'Brien - Center
Glen Ellyn, IL -
When the Glenbard West baseball team took the field last spring, it was a young and fairly inexperienced group on the diamond.
Now a year later, a more experienced and talented Hilltopper squad is looking to improve on the 2009 results. On top of the experience, deep pitching and a mix of power and speed in the lineup are added assets.
“The seniors this year got a lot of playing time last year and I’m hoping it’s going to pay off,” Glenbard West coach Brian Wojtun said. “I like everything I’ve seen so far on the mound. The seniors and juniors have had success and we’re looking for them to carry it into this year.”
Wojtun will have plenty of options to choose from in the bullpen with 13 arms available. Blake O’Brien, Dave Martz and Will Caspers will be counted on at the top of the rotation, while third-year varsity player Bryan Emanuel also will be in the mix.
“(Thirteen pitchers) is the most we’ve had and they will all have a chance to contribute early on,” Wojtun said. “I’m excited to see what they can do early and get some experience before we get into the conference.”
Backing up the pitchers is a bit more of a question mark. Returning shortstop Jessie Condie, who signed with Northern Michigan to play football, is the best position player. Will Kruzen, Caspers, Dylan Rheault, Drew Blane and Chris Kavanaugh are other infielders, while Joey Wheeler is back behind the plate.
Emmanuel, Nick Morley and Andy Anderson started the season in the outfield.
“The ability is there (on defense), but we have to stay consistent,” Wojtun said.Offensively, Emmanuel got off to a good start, while Wojtun said designated hitter Jordan Rock made some strides over the summer.“We have an interesting mix in our lineup,” Wojtun said. “We have some guys who especially have power and will get those extra bases, and we have some kids that can definitely steal some bases.”
With an early start to the West Suburban Silver season, the Hilltoppers kick things off on Saturday against defending champion Oak Park-River Forest, which also finished second at state.
It is a rigorous conference schedule with limited breaks along the way. Downers Grove North and Hinsdale Central also are expected to be tough, Lyons Township has won or shared four of the last seven WSS titles and York is coming off back-to-back 22-win seasons.
“Obviously we want to try and win the conference,” Wojtun said, “and to do that we have to start tomorrow (March 25) at our first game and keep getting better.”
Also highlighting the schedule this season is the annual crosstown game against Glenbard South, which will be played at Elfstrom Stadium in Geneva.
“I know the kids really get excited for that one,” Wojtun said. “They make more out of it then I think the coaches do, but it’s a great game for the community and I really like the game.”

'Nuff said......

Thursday, April 2, 2009


Take a good look, NFC Central. This is why the Bears will be your worst nightmare.
There is a new sheriff in town, and his name is Jay Cutler.
'Nuff said.

Our Ideological Leader

President Obama continues piloting a train wreck, suggesting that a complete overhaul of the tax code is needed. While in the middle of a recession, after nationalizing companies and focusing on the Obama Love Boat Tour, he drops the ball again.

How is a company going to know how some future tax code is going to affect their investments in plant, infrastructure or growth acquisitions? They won't, so they will delay these decisions for another year until the implications are known.

Dick Morris sums it up in this link:


The Native American Quandry

This is the finest logo in sports. The Chicago Blackhawk crest is not only known well, buy also very popular with those purchasing sports paraphernalia.

I was watching a documentary on the Native Americans at the Pine Ridge Reservation in North Dakota. In an interview, one of the tribal leaders lamented that, when asking young Native Americans who their "heroes" were, he received responses such as Michael Jordan and other non-Native American icons. He was disappointed that none of these kids chose a Native American hero.

The movement to abolish any reference or image of Native Americans from local and national sports teams insures that the Native American culture will be known to future generations only through documentaries, history books and casinos.

And why is it that it is acceptable to reference Native American culture in the naming of casinos? Perhaps I'm wrong, but "Ho-Chunk" is not the physical result of to much drinking and gambling loss at a casino.