Worsening Economic Conditions: Where’s the Growth?

Today’s GDP report paints a bleak picture.  GDP for the first quarter was revised down to 0.8%.  The second quarter of 2016 came out at 1.2%, and will likely be revised lower.

Here is what they also released, but are not talking about:

Corporate profits before and after taxes have also been revised back to the first quarter of 2013.  And it is bleak.

Remember that businesses do not go into business just to sell you goods and services.  They do so to sell you goods and services to generate profits.

Would you trudge off to work every day to earn less than you did last year? And less than you did two years ago?  Or would you make some changes? Continue reading

Goodbye Ted Cruz

I could have supported Cruz in the beginning.  I am a firm believer in the US Constitution and believe 99% of or social and economic problems disappear by strictly following it.

Cruz had the opportunity to show his true character and the more I heard the more frazzled his belief seemed to me.

I am not fooled.  Trump is not the answer to what ails us.  But he is the best hope for a connecting road to the right path.  Because you have to destroy the power structure that has been in the Republican Party for all these decades that have sold us out left and right.

With a clear and consistent set of principles, the Democrats would fade off into history.  They have no principles other than calling everything hate and enabling class warfare.

So I do not expect Trump to the Promised Land.

That is up to you.  If you continue to support the Congressmen and Senators you always have, then NOTHING changes.

Vote out Ryan for starters.

Vote against the rest of those that compromised us to where we are today.  Even if they do not lose this election they need to be scared as hell that they will lose the next.  And for Representatives, that is just 2 years and six months away.

Send a clear message.  The frustration does not just rest ay 1600 Pennsylvania Avenue.

It’s the whole damn lot of them.

The BREXIT Exit: Why It’s A Great Thing

I’ve mentioned more than once about the danger of single points of failure, and how we seem as a society to continue to consolidate more and more power into the hands of fewer and fewer people.   And when those people make mistakes in judgement, the damage is more significant than if an individual made a mistake for themselves.

Combining countries into a single unit, and then attempting to apply the same solution for disparate situations under the guise of fairness is and always will be a mistake, especially when we are talking about economic solutions.

Britain was having to change how its economy functioned for other countries that have very little in common with it, other than geographic location.  And other countries were receiving aid from countries rather than actually engaging their own economies based on the resources and abilities they had.

If everyone now actively pursues economically what is in their own best interests, the entire continent will be better off.  And everyone will have their own destiny in their own hands, rather than the hands of those that they do not even know.

That is better for everyone involved.

The best news is this appears to be happening without a war, which is the way it should have been handled.

(*) Local Option Sales Taxes- How We Are Ripping Ourselves Off

Chances are, you have cast votes on more than one occasion to tax yourself via sales tax for education. traffic or other local projects.  Chances are, you, like many others, felt it was just a penny here and there, and chances are you bought into the notion that others from outside your jurisdiction would also be paying the tax, which is a win-win for all but those outside of your community.

tax dollars

And chances are, you’d be wrong. Continue reading

Body Guards

Barack Obama has body guards.

Joe Biden has body guards.

Hillary Clinton has body guards

Paul Ryan has body guards.

Nancy Pelosi has body guards.

Whenever and wherever they go.  Be it a school, a church, or any other “gun-free zone”.

So exactly why are you and I prohibited by law from being our own body guard at all times?


 

Continue reading

Play or Pay: How We Are Subject to TSPLOST Extortion

Cities in Fulton County are being held up at legislative gunpoint in Fulton County, Georgia, and if they do not play along with how the rules have been written by the State Legislature, their constituents will pay the price.

Cities within Fulton County (I live in Johns Creek) are required to either get on board with a Transportation Local Option Sales Tax (TSPLOST) or run the risk of having the TSPLOST passed in the fall of 2016, and their jurisdictions be subject to the tax and receive nothing. Continue reading

Why Aren’t You Getting That Raise?

Janet Yellen and the Federal Reserve Bank have a problem.  The economy is weakening by the most basic of measurements and yet, they have continued to tell us things are getting better.

The most basic of measurements of employee productivity clearly show otherwise.

The amount of profit earned after taxes annually per employee on behalf of businesses has fallen to a six year low.  For how long overall will American businesses attempt to expand if they are generating less profit per employee? Continue reading

Georgia’s Job Growth Is Higher Outside of Metro Areas

Despite the general perception that it is the metropolitan areas of Georgia that are its economic engines, the rate of year over year job growth is actually higher outside of those metropolitan areas.  And some of your Metro areas have very dismal growth, despite large state and federal expenditures in those areas. Continue reading

Me Versus You

In the City of Johns Creek, there is a very interesting battle taking shape over a proposed noise ordinance which is meant to address sound(and the sound waves that generate vibrations) from a commercial business, which is detrimental to the homeowners nearby.

At first glance, it would seem to be a rather easy situation to address.  There are the usual questions people like to discuss: Continue reading