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<!--Generated by Squarespace Site Server v5.11.5 (http://www.squarespace.com/) on Fri, 03 Sep 2010 07:04:16 GMT--><feed xmlns="http://www.w3.org/2005/Atom" xmlns:dc="http://purl.org/dc/elements/1.1/"><title>American Daily Review Business &amp; Economy UPDATES</title><subtitle>Business &amp; Economy</subtitle><id>http://www.americandailyreview.com/business-economy/</id><link rel="alternate" type="application/xhtml+xml" href="http://www.americandailyreview.com/business-economy/"/><link rel="self" type="application/atom+xml" href="http://www.americandailyreview.com/business-economy/atom.xml"/><updated>2010-08-31T17:50:28Z</updated><generator uri="http://www.squarespace.com/" version="Squarespace Site Server v5.11.5 (http://www.squarespace.com/)">Squarespace</generator><entry><title>Easy Times (8/30/10)</title><id>http://www.americandailyreview.com/business-economy/2010/8/31/easy-times-83010.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2010/8/31/easy-times-83010.html"/><author><name>Jim Sondergeld</name></author><published>2010-08-31T16:16:09Z</published><updated>2010-08-31T16:16:09Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p><em>by Jim Sondergeld</em></p>
<p>&nbsp;</p>
<p><span style="font-size: 1.25em;">Follow the bouncing common thread ball&#8230;.</span></p>
<p><span style="font-size: 1.25em;">***The residential housing market  has collapsed (again) because&#8230;.there are no jobs.&nbsp; The White House&#8217;s  big idea of a solution has not been to&nbsp;remove&nbsp;Red Barry&#8217;s boot from the  private sector&#8217;s throat&nbsp;via repeal of Obamanomics and, say, permanently  extend ALL the Bush tax cuts, but instead offer&nbsp;a temporary homebuyer  tax credit last fall, and another one this past spring.&nbsp; Neither did  jack to revive the housing market, the housing market crashed (again)  after each one expired, and the second one had less artificial goosing  effect than the first.</span></p>
<p><span style="font-size: 1.25em;">The White House&#8217;s next brainstorm?&nbsp; <a href="http://thehill.com/blogs/on-the-money/banking-financial-institutions/116245-housing-secretary-homebuyer-tax-credit-on-the-table">A <strong><em>third</em></strong> temporary homebuyer tax credit</a>:</span></p>
]]></summary></entry><entry><title>Keynes vs. Marx</title><id>http://www.americandailyreview.com/business-economy/2010/7/25/keynes-vs-marx.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2010/7/25/keynes-vs-marx.html"/><author><name>Jim Sondergeld</name></author><published>2010-07-26T04:03:45Z</published><updated>2010-07-26T04:03:45Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p><em>by Jim Sondergeld</em></p>
<p><em></em>&nbsp;</p>
<p><span style="font-size: 1.25em;">Or, &#8220;<a href="http://online.wsj.com/article/SB10001424052748703467304575383233009284878.html?mod=rss_opinion_main">Red State Dems expose Blue State Dems&#8217; pink slips</a>&#8221;:</span></p>
]]></summary></entry><entry><title>Taken For A Ride</title><id>http://www.americandailyreview.com/business-economy/2010/7/25/taken-for-a-ride.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2010/7/25/taken-for-a-ride.html"/><author><name>Jim Sondergeld</name></author><published>2010-07-26T03:55:53Z</published><updated>2010-07-26T03:55:53Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p><em>by Jim Sondergeld</em></p>
<p><em></em>&nbsp;</p>
<p><span style="font-size: 1.25em;">If you learn and retain no other fact about socialism, learn and retain this: to the marxist/socialist/communist, <strong><em>government is the source of all good, virtue, and provision</em></strong>.&nbsp; The godlike State is all to this ideology.&nbsp; Everything de peepul have comes from government.&nbsp; &#8220;Without government,&#8221; to dutifully twist the old Dow Chemical slogan, &#8220;life itself would be impossible.&#8221;</span></p>
<p><span style="font-size: 1.25em;">This is why lefties condemn the private sector (the &#8220;bourgeoisie&#8221; in Marxist nomenclature, aka the middle class, aka Us, The People) as evil.&nbsp; Since the State is god in their worldview, anybody that&nbsp;pursues his own economic interests apart from it is by definition a heretic, an ingrate, and a thief stealing from the government cornucopia and corrupting the proletariat like a wicket pied piper.&nbsp; And since the private sector is villainous by definition, the notion of it ruthlessly exploting and plundering the &#8220;poor&#8221;&nbsp;it&#8217;s lured away from &#8220;righteousness&#8221; is inevitable.</span></p>
]]></summary></entry><entry><title>They'll Be Marketing Refridgerator Cartons Soon</title><id>http://www.americandailyreview.com/business-economy/2010/7/25/theyll-be-marketing-refridgerator-cartons-soon.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2010/7/25/theyll-be-marketing-refridgerator-cartons-soon.html"/><author><name>Jim Sondergeld</name></author><published>2010-07-25T05:14:15Z</published><updated>2010-07-25T05:14:15Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p><span style="font-size: 1.25em;"><em>by Jim Sondergeld</em></span></p>
<p>&nbsp;</p>
<p><span style="font-size: 1.25em;">Continuing the peachy-keen housing construction news from <a href="http://hardstarboardblog.com/2010/07/if-ya-cant-beat-em-join-em.html">yesterday</a> is <a href="http://finance.yahoo.com/news/Home-construction-sinks-to-apf-3302765136.html?x=0">this barnburner of sunny optimism</a></span></p>
]]></summary></entry><entry><title>Failure By Design</title><id>http://www.americandailyreview.com/business-economy/2010/7/24/failure-by-design.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2010/7/24/failure-by-design.html"/><author><name>Jim Sondergeld</name></author><published>2010-07-25T04:53:57Z</published><updated>2010-07-25T04:53:57Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p><em>by Jim Sondergeld</em></p>
<p><em></em>&nbsp;</p>
<blockquote style="margin-right: 0px;" dir="ltr">
<p><span style="font-size: 1.25em;"><em>Watch you on the one&#8217;s and two&#8217;s.<br />Through a window in a well lit room.<br />Become a recluse.<br />And I blame myself because I make things hard<br />and you&#8217;re just trying to help.<br />And when I wake up you&#8217;re the first to call.<br />This is one more late night basement song.<br />And I&#8217;m so sore.<br />My voice has gone to hell&#8230;.</em></span></p>
</blockquote>
<p dir="ltr"><em></em>&nbsp;</p>
<p dir="ltr"><em>***</em><span style="font-size: 1.25em;">The upside of being an incurable cynic is that every piece of good news is a pleasant surprise.&nbsp; The downside is that <a href="http://www.nytimes.com/2010/07/19/business/19autos.html?partner=rss&amp;emc=rss">the rest of the news isn&#8217;t</a>.</span></p>
]]></summary></entry><entry><title>SCOTUS Vacates Lower Court Ruling in Favor of Obama Bankruptcy Policy</title><id>http://www.americandailyreview.com/business-economy/2009/12/31/scotus-vacates-lower-court-ruling-in-favor-of-obama-bankrupt.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2009/12/31/scotus-vacates-lower-court-ruling-in-favor-of-obama-bankrupt.html"/><author><name>Timothy Birdnow</name></author><published>2009-12-31T15:31:45Z</published><updated>2009-12-31T15:31:45Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p>by Timothy Birdnow</p>
<p>Here is an interesting story, one that has slipped in under the radar. (1)</p>
<p>When Chrysler was sold to Fiat, a federal judge violated a basic tenant of bankruptcy law by short-changing secured creditors in favor of unsecured creditors - such as the U.S. government and the UAW. This was clearly a politically motivated act, but was upheld by an appeals court as necessary in the current &#8220;emergency&#8221;.&nbsp; This has made it&#8217;s way to the U.S. Supreme Court, which has issued a summary judgement vacating the lower courts ruling.</p>
]]></summary></entry><entry><title>California Withholds 10% Tax Without Vote!</title><id>http://www.americandailyreview.com/business-economy/2009/12/12/california-withholds-10-tax-without-vote.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2009/12/12/california-withholds-10-tax-without-vote.html"/><author><name>Douglas V. Gibbs</name></author><published>2009-12-13T00:22:01Z</published><updated>2009-12-13T00:22:01Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p>By Douglas V. Gibbs</p>
<p><a href="http://www.blogtalkradio.com/politicalpistachio"><span class="full-image-float-left ssNonEditable"><span><img style="width: 100px;" src="http://www.americandailyreview.com/storage/money-to-burn.jpg?__SQUARESPACE_CACHEVERSION=1260663812324" alt="" /></span></span>Political Pistachio Radio Revolution</a> Addresses Income Tax Thievery by the State of California:<br /><br />Last November the State of California began acting upon a new scam to suck more money out of the populace. The state is broke because the leftist progressive idiots of California&#8217;s government can&#8217;t seem to budget. The thievery is being accomplished by increasing the income tax withholding allowance by 10%. By taking more money out of our paychecks, the state is literally taking more taxes, while calling it something else. Problem is, the tax is being withheld unconstitutionally, and illegally.<br /><br />The State Constitution of California requires a vote to approve any increase in income tax. A vote never went to the State Congress. The governor and his cronies decided, without asking anyone, to increase tax withholding, claiming that technically it isn&#8217;t a tax because they plan to give it back at tax time.<br /><br />What&#8217;s the difference between borrowing without permission, and stealing?<br /><br />
]]></summary></entry><entry><title>Their Master's Voice; Obama Gives Cell Phones to the Poor</title><id>http://www.americandailyreview.com/business-economy/2009/10/31/their-masters-voice-obama-gives-cell-phones-to-the-poor.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2009/10/31/their-masters-voice-obama-gives-cell-phones-to-the-poor.html"/><author><name>Timothy Birdnow</name></author><published>2009-10-31T16:32:21Z</published><updated>2009-10-31T16:32:21Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p>By Timothy Birdnow</p>
<p>First we had free electric golf cartscourtesy of Cash for Clunkers, now we have free cell phones (1) with free airtime courtesy of Barack Hussein Obama and his overstimulated plan. According the the SafeLink Wireless website</p>
]]></summary></entry><entry><title>Obama's Definition of Tax</title><id>http://www.americandailyreview.com/business-economy/2009/9/21/obamas-definition-of-tax.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2009/9/21/obamas-definition-of-tax.html"/><author><name>Douglas V. Gibbs</name></author><published>2009-09-22T04:12:00Z</published><updated>2009-09-22T04:12:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p style="text-align: justify;">By Douglas V. Gibbs</p>
<p style="text-align: justify;">President Obama and ABC News&#8217; George Stephanopoulos had an unexpected battle on Sunday (is ABC then going to join Fox News on the NoBama list of rejected networks?). Stephanopoulos dared to challenge The One by asking whether or not the president&#8217;s health care plan includes a tax increase.<br /><br />Of course, Obama claimed it didn&#8217;t have a tax increase (Obama has gotten really good at lying&#8230; have you noticed?)<br /><br />Stephanopoulos asked when referring to the mandatory coverage clause, &#8220;Under this mandate, the government is forcing people to spend money, fining you if you don&#8217;t. How is that not a tax?&#8221;<br /><br />Obama responded, &#8220;No, but &#8212; but, George, you &#8212; you can&#8217;t just make up that language and decide that that&#8217;s called a tax increase.&#8221;<br /><br />Stephanopoulos pulled out the dictionary and read the definition to Uncle Barry. &#8220;I don&#8217;t think I&#8217;m making it up. Merriam-Webster&#8217;s dictionary [says] &#8216;Tax, a charge, usually of money, imposed by authority on persons or property for public purposes.&#8217;&#8221;<br /><br />
]]></summary></entry><entry><title>One World Currency</title><id>http://www.americandailyreview.com/business-economy/2009/9/20/one-world-currency.html</id><link rel="alternate" type="text/html" href="http://www.americandailyreview.com/business-economy/2009/9/20/one-world-currency.html"/><author><name>Douglas V. Gibbs</name></author><published>2009-09-21T04:00:00Z</published><updated>2009-09-21T04:00:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[<p style="text-align: justify;">By Douglas V. Gibbs</p>
<p style="text-align: justify;"><span class="full-image-float-left ssNonEditable"><span><img style="width: 100px;" src="http://www.americandailyreview.com/storage/thiefsm01.jpg?__SQUARESPACE_CACHEVERSION=1253678706458" alt="" /></span></span>A Thief in the Night was a film I watched as a young man during the seventies. The plot circled around The Rapture, and as a Christian I found the movie very intriguing. A scene that still speaks to me in my memory began with a woman waking up and hearing her husband&#8217;s electric razor buzzing in the bathroom. She gets up to see the shaver rumbling on the sink, and he is not there.<br /><br />The other part of the film that stands out in my memory is the United Nations&#8217; role in pulling together a global effort to deal with the event of millions of people worldwide suddenly vanishing. United Nations vans cruise the streets as the government officials search for anyone not willing to comply with the new emergency measures they had to take. The government system that arises is called UNITE (United Nations Imperium for Total Emergency), and is primarily set up to find those who do not receive the mark of The Beast, which identifies them with UNITE.<br /><br />
]]></summary></entry></feed>