Archive for the ‘economy’ Category

Three to four days a week minimum for me are on the road selling ads, or going to the studio. Can someone explain to me with production down and new supplies all over the place why gas is up to $3.02 a gallon around here?

I talked to one of my advertisers this week. The rising fuel costs over the last few weeks have consumed over a third of his profit that he works like a dog to achieve.

Has the actual cost of pumping a barrel of oil actually increased to justify the cost? Where is this extra cost actually coming from?

During the Obama years oil prices have risen steady. The effect on the price of everything has skyrocketed because of this since everything we buy is hauled by truck.

Yet we see very little of this in the news. After all The One™ was going to solve all of our problems, pay our rents, give people “Obama Money” etc etc etc.

Well now that we have Republicans in charge of at least one house I’m sure the media will start to report on some of these problems, after all there is someone to blame. For example as reported by wyblog it looks like free checking might be over:

New federal banking regulations, the cost of complying with those rules and a reduction in fees banks can charge customers will change the financial products they offer, bankers say.

Who is most likely to need free checking with low (or no) minimum balance? Poor people. Oops. I guess Elizabeth Warren hates poor people. Sorry, no bank accounts for you! We’ve got to protect morons who can’t balance their checkbooks from being charged for their laziness!

But wait, there’s more…

She apparently hates women too; her credit card regulations require that a non-working spouse can no longer use her husband’s income to qualify for credit.

Oops sorry, that is the Obama appointment, but have no fear republicans will be blamed as Don Surber notes the NYT is already on the job.

Ignorance of the Tax law is no excuse

Posted: January 2, 2011 by datechguy in economy, opinion/news
Tags: ,

After recovering from the biggest Christmas open house ever I called my brother who had missed the party and inadvertently found out that I have some work to do ASAP.

Back when I owned a business decades ago I paid what was called quarterly wages, basically estimated tax payments.

Well I don’t remember how it came up (then again after a party that started at 2 p.m. and ended at 4 a.m. anything I remember today is a big bonus) but this also applies to individuals, that is: if you haven’t paid the vast majority of tax due the previous year by Jan 15th or so you pay an additional penalty.

Given the California IOU’s business (and just being broke) I suspect a lot of people didn’t have taxes deducted from unemployment. Given the massive amount of unemployment in the country, there are likely going to be millions upon millions of people getting a nasty tax penalty at the time they can least afford it.

For those who considered their unemployment “fun-employment” the party is about to end.

As the sun beings to rise on a day when the current (6:50 a.m.) wind chill of 10 degrees is the warmest we see for a bit.

We see that the religion of Global Warming oops sorry Climate Change is still the religion of choice for our friends of the left (much better than that Christian stuff with actual rules on how to treat people) and we have a flock of stories on the subject Lets Start with Don Surber who comments on this post at the NYT blog concerning Global warming being actually worse than what we think:

This tells me two things.

1. The global warming crowd are now hiding behind the euphemism “climate change” because the post is about a rise in temperature.

2. Obviously the global warming side is not winning even with the media dominated by so many True Believers in this crackpot theory.

I have a problem with people who mock balanced coverage. That is supposed to be the goal of journalism. Journalists are supposed to inform not educate.

The other problem is framing this as a debate on how high the temperature will rise. There are those scientists who fear a return to global cooling as we feared would happen in the 1970s. The sudden drop in sunspots in the summer of 2007 could portend a return to pre-1850 temperatures.

Don Don Don this is a religion, it has nothing to do with what is actually going on.

Ed Driscoll at PJM continues pointing to the coverage and makes a prediction:

We reviewed a number of those headlines then and now, in our “Hide the Decline” edition of Silicon Graffiti last year. Tune in here if you missed it.

And speaking of movies, as I mentioned back in March, a lot of Hollywood’s recent global warming doomfests are going to be remembered as updated versions of Reefer Madness to the next generation of movie fans. Today’s global warming fear-mongering is tomorrow’s late-night camp TV.

The irony of course is today as the east coast is hit by a blizzard and Atlanta has wind chills in the 20’s Morning Joe replays an interview with James Cameron talking all Global warming and how we must act.

He quotes this post by Stacy that says in part:

The problem, of course, is that Science keeps running head-on into those stubborn little things called “facts.” Despite all these “Trust Us We’re Scientists” arguments, people still refuse to believe that global warming causes record snowfall:

With the East Coast gripped by bitter cold, Paris paralyzed by snow and a headline in the UK’s Daily Express exclaiming, “Britain is Freezing to Death,” global warming alarmists will again have to fall back on their “climate change” sleight of hand to explain away the cold.

That’s just one of the “Top 10 Bad Developments for Global Warming Alarmists.”

Mind you that post was written on DEC 22nd 5 days before the events of today.

Meanwhile the latest from the left wing Guardian was just too much for Ann Althouse:

When everything is evidence of the thing you want to believe, it might be time to stop pretending you’re all about science.

Unaware? I don’t think “unaware” enters into it considering the e-mails, Don Surber again:

I worked for a while on a dairy farm. My job was to push the brown stuff outside.

Hey Cohen isn’t a weather expert; he’s a dairy farm worker.

Blizzards across the northern hemisphere and a white Christmas in Australia do not disprove global warming. The lies from the researchers, as disclosed in Climategate, already did that.

Forgetting the arrogance of us determining what the proper “climate” is supposed to be we can bottom line
Global warming/Climate Change with two goals:

Goal 1: To advance a collectivist agenda by redistributing wealth from those who produce (ie da West).

Goal 2: To allow the elites to once again act as feudal lords using tax payer funds to support themselves while taking the odd jet to comfortable locations around the globe where they can eat the finest foods, drink the finest liquors and enjoy comfortable companionship while proclaiming to the world their moral superiority while urging you to shut off that extra light to save the world.

The only green thing about Global Warming and Climate change is the cash that will be extorted from you.

…here is your chance to put your money where your mouth is. Now instead of mailing the treasury a check I did (via the Surber Challenge) you can go here online and give the US government as much of your money as you want.

So Bill Gates, Warren Buffett, Ted Turner, George Soros etc al, instead of giving to your homemade “foundations” that may serve your political opinions (but count as a charity come tax-time and employ friends on the left) here is your chance to actually reduce the public debt. I’m sure that your faith in the government to use your money wiser than you can will be rewarded.