Relevant and even prescient commentary on news, politics and the economy.

ONE NATION UNDER AARP….a review

A book review by Dale Coberly ONE NATION UNDER AARP  The Fight Over Medicare, Social Security, and America’s Futureby Frederick R. Lynch I was asked to write a review of this book, perhaps because I sometimes write about Social Security. But I had to completely rearrange my perspective in order to even understand what the […]

The Federal Bailout That Saved Bain Capital & Mitt Romney

The Federal Bailout That Saved Bain Capital & Mitt Romney Government documents prove the candidate’s mythology is just that by: Tim Dickinson Mitt Romney likes to say he won’t “apologize” for his success in business. But what he never says is “thank you” – to the American people – for the federal bailout of Bain […]

RS goofing on foreign trust letters, says AICPA

by Linda Beale RS goofing on foreign trust letters, says AICPA The American Institute of CPAs (AICPA) is asking the IRS Commissioner to resolve what it suggests is a “widespread problem” for taxpayers.  Download AICPA Letter to IRS on Erroneous Form 3520 Letters to Taxapyers.082812.   For 2010 and earlier years, the IRS apparently has made […]

Republicans Embrace Gold to Hedge Non-Existent Inflation

Worth a post but this one is an item of information for gold bugs (hat tip J. McCord) From Bloomberg: Republicans Embrace Gold to Hedge Non-Existent Inflation The platform the party adopted yesterday at its national convention in Tampa, Florida, calls for a commission to investigate a possible “metallic basis for U.S. currency.” The move […]

Concept of consent…no means yes

Lifted from Robert’s: Mr Smith from Washington has a lot of trouble with the concept of consent. Maybe this is because when he says “no” he really means “yes”. “TOM SMITH (R-PA): Uh, having a baby out of wedlock. SCOLFORO: That’s similar to rape? SMITH: No, no, no, but… yes”http://t.co/KNxA3jPK

Top Nine Contributors to the Candidates:

Top Nine Contributors to the Candidates: 1. SHELDON & MIRIAM ADELSON, CONSERVATIVE $38.8 MILLION2. HAROLD & ANNETTE SIMMONS, CONSERVATIVE $15.7 MILLION3. BOB PERRY, CONSERVATIVE $12.0 MILLION4. NAT’l EDUCATION ASSC. LIBERAL (3 million members) $5.3 MILLION5. SERVICE EMPLOYEES INTERNATIONAL UNION, LIBERAL (2.1 million members) $3.7 MILLION6. PETER THIEL, LIBERTARIAN $3.9 MILLION7. FRED EYCHANER, LIBERAL $3.7 MILLI […]

Romney Says Two Current Republican Governors Support Obama’s Reelection! Really.

Presumptive Republican presidential nominee Mitt Romney escalated his attacks on President Barack Obama’s welfare waivers Monday, suggesting that welfare recipients make up President Barack Obama’s political “base.” In an interview with USA Today, Romney defended his much-criticized ads, which falsely accuse the president of removing the work requirement in welfare. He insisted that the spots were accurate and […]

Not many flee because of taxes…Dow Jones gets real

by Linda Beale Dow Jones video admits there’s not much other than anecdotal tales that even millionaires readily move from one state to another to avoid taxes OK.  Admittedly long title.  But you get the point.  The anti-tax gurus are forever saying that states (and countries) can’t increase taxes from our historically very low point […]