Somabus.com

Business, Society

WSJ: Obama running out of people to blame. 

Santelli: “Are you listening Mr. President?” 

Cramer: “Greatest wealth destruction by a President” 

Kudlow: Obama “declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds”. 

Tim Geithner faced congress today, it was and endless and painful dance around questions. The answers all sounded the same: “95% of Americans, 97% of Americans, We have to do something, We must act”. At one point Geithner said that irresponsible government spending got us into this, and two minutes later he said we needed to spend $7 Trillion dollars. He never directly answered the question from a California Congressman “Where will this money come from?” The Congressman had to ask him a second time, and still no direct response from Tim. 

I can tell you where it will come from. Your pocket. It doesn’t matter if you make $250,000.00 a year or not. If they tax carbon you will pay extra for gasoline, electricity, any food items that were shipped, any item that was manufactured. They may not raise your income taxes, but the price of everything will go up.

Business, Society

There’s an idea.. That after we burn through our own federally administered funds, the recession may come back to bite us again. 

This poses one simple problem, it would have to go away first for it to come back. We shouldn’t try to shore up the economy with patchwork legislation. We should nip it in the bud by suffering a temporary ill while the bad companies die. This would allow us to emerge even stronger. Instead we are propping up companies that don’t meet the market litmus tests. Like auto companies. If there product was worthy, the market wouldn’t punish them like they have. Bad products means going out of business. It’s simple, and it needs to happen. Would it be bad? Yes. It would stiffle our economy further, but like a groundfire it is necessary to clear the underbrush for greener growth in the future. 

Nature is cyclical. Markets are as well. And so is global heating and cooling.

Business, Society

I guess Microsoft had a glitch (fatal error) in the accounting which doled out severance pay to several thousand employees. The mass firings were a company first, and represented a little under 5% of their total employees. 

It seems that some of the employees received more than their fair share of severance monies, and the company is giving them two weeks to give it back. I think they should have just let a sleeping dog lie on this one. It’s incredibly bad PR, and not a great morale boost. 

I still don’t understand why anyone could continue to have faith in this lumbering company. They just don’t innovate like Apple, in fact their products hardly change. Vista was complete failure, and Internet Explorer is like pushing a boulder up a hill. When was the last time you used your Hyper Terminal program? Do you even have a modem? Did you even think to check when you bought it. 

It is painful to think that we use operating systems designed by a company that can’t issue severance checks correctly.

Business

If you were going to accept an award at the Oscars, what would you say? Who would you thank? Who helped you get there?

Remember, it has to be a fairly brief acceptance speech.

Business, Marketing, Society

Apparently Putin warned Obama of the pitfalls of socialism while he was in Davos at the World Economic Forum. Essentially Putin said, look we tried making the state role an end all and be all, and it doesn’t work. Not only is it a bad idea, but it makes your nation completely uncompetitive on the world stage. 

It’s is astounding that the ex head of the KGB is offering the US advice on Capitalism versus Socialism. But what I really want to know is why our media never reported this? How can they just skip over such a great story? 

My second thought is why Ron Paul isn’t our president right now?

Business, Society

Obama said he would not pursue a mileage tax. And thank god for that. It seems a little wierd to have the government knowing when and where I may drive at all times. Furthermore, what is the problem with the gasoline tax? If you use a lot, you pay a lot. It felt like a mileage tax would be just another way to punish you for using highways, or driving at peak times, which would almost certainly have a higher rate. 

Obama seems to be going back on what his administration says quite a bit lately. It’s almost like a perpetual foot in mouth syndrom. Biden doesn’t help him out, and neither does Geithner. 

As soon as they said they wouldn’t nationalize banks the markets shot up today. That should tell you something.

Business, Society