As we struggle with the truth facing local governments in the face of tax revenue shortfalls and the elements of insanity that the expansion of all government expenses has created over the past 20 years, it seems that the infrastructure that Governor Schwarzenegger has spoken about is collapsing. The Bay...
Category: Government Rants
The Chinese will have whatever we’re having
This morning, Reuters reported that the Chinese government levied strong pressure to induce the European Central Bank to make some serious rate cuts, to maintain the continued growth of the Chinese economy. Reports of economic difficulties around the world stir sentiment in Beijing, mostly that the troubles facing the world...
Why failed banks are in Georgia? (Written 9/10/2009)
The Associated Press reported on a new failed bank last month, the Georgian Bank, which of course was in Georgia. Whelan Jennings would have sung about “just some good ol’ boys, never meaning no harm,” and would have narrated in backwoods lingo, you can’t leave that Boss Hogg in charge...
Have you heard of a telephone? 1876
Wells Fargo cancelled a planned sales incentive and reward trip to Las Vegas last month as the outcry over companies plans to spend TARP (Troubled Asset Relief Program) funds on “excessive” indulgences swelled to epic levels. No banks receiving TARP funding should have meetings that involve travel or hotel expenses,...