Posts Tagged ‘economy’

When I wrote about Massachusetts getting the government it deserves I included this paragraph to the voters:

Maybe it will be the shock when you discover that all these democrats that you returned to congress are now in the minority and all of those tax dollars taken from you that they returned in lump sums at .82 cents on the dollar will not be coming back since they don’t have the clout to gain them and the republican house where all spending must originate is unlikely to approve them. If you had sent even a single republican to the house at least in one district there would be clout, but nope, no can do. You will miss that .82 cents on the dollar, but don’t worry the feds will meet you halfway. They will still take that dollar it was part of.

Well lo and behold we have a new congress and guess what the Sentinel and Enterprise reports isn’t coming

A $300,000 appropriation to help complete renovations at the ARC Community Services building on Main Street has hit a stumbling block and will likely not be approved by Congress, said ARC President Mary Heafy.

Despite news that the U.S. House of Representatives had approved the $300,000 appropriation, the office of U.S. Rep. John Olver, D-Amherst, informed Heafy this week that there’s a 99 percent chance the money will not come through.

But but I thought we HAD to re-elect John Olver and company because of all he could bring home for Fitchburg et/al?

“We were hesitant at first to announce publicly that the appropriation was approved, but officials for Olver said they were confident it would be approved based on past experiences.”

Of course they were. After all it wasn’t as if there was any kind of nationwide movement or something concerning wasteful spending was there?

Heafy said she received a letter stating that the fiscal 2011 Transportation HUD Appropriation Bill, which included the $300,000 for ARC Community Services, had not been passed by Congress but would be brought back up during its next session.

Oh in the next session, and tell me how many representatives do we have in the republican majority in that next session? Hmmm nearly, nearly one.

However, Republican leadership has stated it will not allow any earmarks to be approved in the bill when Congress takes it up in session again, Hunter Ridgway, Olver’s chief of staff, said Wednesday.

It looks like those who voted for Congressman Olver based on bringing home the bacon need to remember the disclaimer that investors have become familiar with “past performance is no indicator of future gains”.

Add to that democrat states like NY and Mass losing seats and republican states like Texas gaining them wholesale I suspect that it will be a long time before Mr. Olver and company have the clout in the house to raid the treasury.

We will as always get the government we deserve and will have to live with the votes we’ve cast, until at least 2012.

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.

I can tell you for a fact that yesterday killing of the Omnibus spending bill will be cheered by almost every business I’ve talked to as I stated in my Examiner column today:

I submit that if a congressman, state rep or MSM reporter came with me for a week door to door; they would not dare advocate the taxes, spending and regulation that they do.

Read the whole thing as they say.

Gary Rosen and a lesson learned

Posted: December 10, 2010 by datechguy in economy, local issues
Tags: , , ,

Gary Rosen is a colleague at WCRN whose show the RAVE will precede mine this week due to college Basketball (make sure you listen this week, he will be having Greg Fettig president of the Hoosier Patriots live in studio at 4 p.m. EST, listen online via the WCRN website here).

Today he has a column in Worcester Magazine where he talks about the city tax rate and some lessons learned:

Following the hearing, Worcester’s homeowners will thank the council for throwing them their annual bone, called the lowest residential tax rate. In the meantime, the frustrated and angry commercial sector will continue to wonder why it is the victim of our city’s business-punishing dual tax rate.

“But, Councilor Rosen,” you ask, “didn’t you join the large majority of your colleagues the previous four years and vote for the lowest residential tax rate for homeowners (a.k.a. the highest possible tax rate for Worcester businesses)?” Yes, I plead guilty as charged. However, I’m now suffering some regret as I see how shortsighted those four votes were.

Gary is what you would call an honest democrat, like many on the left he made his decision on taxes meaning well but on reflection he is having some second thoughts.

As they say Read the whole thing.