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coolhand said:
Obama Misreads Message of ‘Live Free or Die’: Amity Shlaes

http://www.bloomberg.com/news/2010-...e-free-or-die-commentary-by-amity-shlaes.html
Click to expand...

Great link with great facts. Tax and spenders should read it.

From Link.

The nation doesn’t have to wait for the Obama experiment to finish to learn the outcome. Such experiments have been running over decades at the state level. Even before Obama was born, some states were applying the Obama rule of “spend, even if it means higher taxes, and you will grow.” Others operated on the philosophy that less government, even perhaps in times of trouble, served their residents better.

Moody explains disappointing performance of states like Ohio and Maine using the breakdown between public-sector and private-sector income. In 2009 the share of personal income that Maine residents took from all government was up to 36.4 percent. For Ohio it was 32.9 percent. For New Hampshire, the figure was 24 percent. Moody’s data suggest that the precious distinction between laudable civil service posts and plain old welfare doesn’t hold up. Government money, smart or dumb, damps initiative.

It’s wrong for the president to ask for patience. The results of the government experiment are in, courtesy of the states. Double dips are more likely with policies like his. And most Americans would prefer a future that looks like New Hampshire to one that looks like Maine.
 
Hi there CB.

Yep, the only way this stuff makes sense is if one realizes that our best interests are not part of the plan. In fact, the only thing we get anymore is the finger. :suspicious:

CountryBoy said:
Great link with great facts. Tax and spenders should read it.

From Link.

The nation doesn’t have to wait for the Obama experiment to finish to learn the outcome. Such experiments have been running over decades at the state level. Even before Obama was born, some states were applying the Obama rule of “spend, even if it means higher taxes, and you will grow.” Others operated on the philosophy that less government, even perhaps in times of trouble, served their residents better.

Moody explains disappointing performance of states like Ohio and Maine using the breakdown between public-sector and private-sector income. In 2009 the share of personal income that Maine residents took from all government was up to 36.4 percent. For Ohio it was 32.9 percent. For New Hampshire, the figure was 24 percent. Moody’s data suggest that the precious distinction between laudable civil service posts and plain old welfare doesn’t hold up. Government money, smart or dumb, damps initiative.

It’s wrong for the president to ask for patience. The results of the government experiment are in, courtesy of the states. Double dips are more likely with policies like his. And most Americans would prefer a future that looks like New Hampshire to one that looks like Maine.
Click to expand...
 
coolhand said:
I post stuff that makes folks think. It doesn't necessarily mean I am for or against a given commentary or article. I prefer to keep you guessing. :cool:
Click to expand...

Success!
So how are you doing?
Gonna take a crack at the F Fund in 6 days and put BT into a rant? It really has become our "sell short" vehicle.
Just redid my Contribution Allocation to 50C 50S so to DCA all the way down into the abyss.
That way when the USPS goes back to hand-canceling the few remaining pieces of mail left being delivered in 10 years, using the few remaining career employees to do so, I can look back with resolve knowing it was Birchtree that inspired me to buy, buy, buy more equities as the market crashed, and splurge for some G ravy on my Alpo. :D
Tried to >1% my balances this am, but must have been too close to 2% (1.995 ?) on the L funds and it wouldn't let me.
So I'll take my absolute zero- no loss, no gain, for the 2nd day in a row and bask in the relief of not worrying about how much the market dropped today.
That equities side of the tracker is looking pretty empty.
 
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