A 1-In-100 Blogger: October 2008

Friday, October 31, 2008

Halloween is Over - What Now? 'Voting Season!'

Earlier this week I took time out of my excruciatingly busy week to vote. Prior to bubbling in the votes I contemplated why I am choosing to vote for whom I did. I'll even admit, there were some Democrats I picked over Republicans because I felt those individuals were more qualified; however, two Republicans I can assure you received my vote are Presidential Candidate John McCain and Dino Rossi for Governor of Washington State.

Regarding John McCain, there are several reasons why I voted for him rather than his challenger Barack Obama. Since I am a Marine Corps veteran having served in Iraq, I share a powerful sentiment with my fellow veterans, and who we feel is more qualified to be the next President of the United States of America. I recently watched this video on YouTube: Dear Mr. Obama, one in which provides a shared view point I have regarding Obama. During a portion of what the Iraqi veteran discussed in the video, he said this:

"Dear Mr Obama having spent 12 months in Iraq theatre I can promise you it's not a mistake."

"When you call the Iraqi war a mistake you disrespect the service and sacrifice of everyone who has died promoting freedom... Because you do not understand or appreciate these principles Sir, I am supporting Senator John McCain for president."

This is one very good reason why, earlier this week, I mailed in my ballot to vote for John McCain.

I thought over the whole taxes thing too. Because, after all, if Obama is elected President I apparently fall under his selected category of individuals to receive a freebie handout - due to Obama's wealth distribution plan. But then I asked myself, "Has Obama EVER gone back on his word?" He has. Then I wondered how, "Aren't tax decreases something conservatives typically do, and not Democrats?"

The only likely change I see is watching Obama shift his position (again) to tax the crap out of every single one of us once he's done with the rich. You just wait. It'll be like the time he stuffed his pockets full of pilfered money from now mostly defunct corporations. All this so that he'd turn his back on a oncoming financial crisis, one that he somehow was able to spin well enough to have a positive impact on his own campaign. Although, to his discredit, the liberal media played a very large role helping Obama sweep his mistakes under the rug. Luckily, there are a few honest reporters out there willing to admit this, such as the Democrat who wrote the article I linked-to via the previous sentence.

I have no idea who will win the election, but what can be assured is that I did my part to help put John McCain in office. I believe he will do an excellent job serving for our country as President; McCain has a proven history of doing so in the most extraordinary circumstances. He's proven to me that he will make it his number one priority to keep America safe, while also improving our economic difficulties at the same time.

During a recent interview on CNBC, John McCain has said keeping taxes under control is key to our economic revival, especially the capital gains tax. "That signal has been very clear, and I think people ought to pay attention to it," the Arizona senator told CNBC. "It's been tried before in other countries, and policies of other left-liberal Administrations; it doesn't work; it's bad for America. We want to encourage the investor class, and that means capital-gains and dividend taxes are low."

The article reads, "[McCain] denounced his opponent's tax policies as detrimental to small business, and thus to economic revival itself." Likewise, McCain continues to offer a reasonable explanation telling viewers that "Senator Obama's proposal would tax half of all small business income," he said. "Some 16 million jobs in America would be at risk, and then you put on top of that, he'll force his mandated health-care plan on small businesses, their employees and their children. It's not good for America." And I completely agree with Senator John McCain. You can watch John McCain's interview on the Economy here.

I don't know if John McCain will win - I certainly hope he does. After voting for him, I sure did my part to help.

Tuesday, October 21, 2008

All Press is NOT Equal in Value!

From his blog post titled, All Press Is Good Press? Cliff Mason, the Senior Writer for Mad Money set the record straight; he asks, "why does the media hold a cable-television host [Jim Cramer] to a higher standard than CEOs and top federal policy makers?" Mad Money prides itself on "the part about accountability." Contrarily, you'll never hear Bernanke or Paulson apologize for failing Investors, "for failing to take steps that would've prevented or at least tamed the current crisis earlier," wrote Mason in his most recent blog. Mason continues by explaining, "Bernanke spent a year worrying about inflation ahead of the biggest deflationary spiral since the Great Depression, but hardly anyone ever tries to give him a hard time, and certainly not with the vitriol of the usual Cramer-hater."

More noticeably now than ever, in the opinion of a 1-In-100 Blogger, apparently all press is NOT equal in value; especially to the Investor or Trader who count on trustworthy, accountable market analysis. Mason reiterates that, "Other than John McCain, where are the people calling for the head, or at least the resignation, of SEC Chairman Chris Cox?"

Instead, they focus on bashing the one guy who's known for telling the world how things really are; including but not limited to his reputable calls on 8.03.07 (Cramer's rant heard round the world), on 3.20.08 (regarding the uptick-rule), then again on 7.15.08 (his short selling rant), again on 7.21.08 (his outrage about the SEC allowing fear in the market), and also on 9.16.08 (another outrage regarding SEC chairmen Cox' idiocy).

It's no wonder The Ben Bernanke Effect hammers the market every time he speaks publicly. So why hasn't the media made note of this yet? It seems these days they are more worried about their ratings slipping than providing valuable market analysis, which is exactly what viewers can expect to hear from during Jim Cramer's Mad Money. I suppose, to their defense, I'd be worried too if I had to compete with one of the most brilliant investors of our time for ratings.

By now it's likely obvious how I feel about Jim Cramer, he's truly an incredible inspiration for us college students! To be honest, I wish he'd make a trip to the University of Washington; unfortunately, it's not up to me to decide which college he visits. For those wondering who Jim Cramer is and what drives his passion to help other people get rich, to make real 'Mad Money' in the market (whether you're a college student or post-college investor), after watching this video you'll know exactly why he does it. The man is a legend in my book - Booyah Jim Cramer!

Sunday, October 19, 2008

How Cool is Indiana Jones? THIS much!

I haven't seen the latest movie yet - Indiana Jones and the Kindom of the Crystal Skull. I'm a poor college student, what can I say? But there is something about the Indiana Jones story-line I've always liked, probably ever since I was a child, after noticing my father took a liking to all of the movies. Naturally, it was easy for me to do the same. In fact, now that I think of it, I remember going to Disneyland with my family as a child; this was before Disneyland's Indiana Jones' Temple of the Forbidden Eye was added there. Although in this particular occasion we must have been vacationing in Disneyland only weeks or so after watching all of the Indiana Jones movies. Harrison Ford is such a badass - he couldn't ever die! He was an action hero, and in this kids' eye, he is a living action hero.

Back to Disneyland. So, as this young kid searching for a his own real-life action hero, I remember noticing my dad stop at one of those souvenir shops during our 'adventure' from one awesome ride to another. It was during this adventure my dad just had to purchase what at the time I believed to be a really cool looking cowboy hat. Wide eyed and wanting my own, I probably even yelled something along the lines of "COWBOY HAT" to my dad. Asking tons of questions too. I always ask questions. Sometimes I wonder if there are enough answers to all of my questions. In either case, this time, there was an answer to my 'cowboy hat' comment/yell/screech/question that I likely asked over and over to my dad. His response? Taking a strikingly similar pose to the real deal, he says, "It's the official, real Indiana Jones hat."

Immediately, at that time, he became Indiana Jones. Not really but you know - in a way, as a kid, you know what I mean. My father the action hero, Indiana Jones. Ha! Gotta love being a kid, eh? The fact is I was excited when I heard about another Indiana Jones movie being created. So I'm a little surprised at myself for not having watched the movie yet. To ease my regained anticipation for the release of the DVD (more realistically, the release on HBO - I'm a poor college student, remember?), in the meantime I found this cool widget showing the trailer and older videos of Indiana Jones. It helps. Though, I still want to see the movie.


The Collapse of Democratic Capitalism?

After reading this article, a letter from Andrew Lahde to be more specific, Hedge Fund Manager: Goodbye ... And Think Pot -- I am going to be completely honest, it's the first time I may actually "get it," (sort of). I understand now, what is inevitable, and due to the causes for such a downfall in capitalism: notably on the issue of the U.S. Government and, more specifically the corruption and idiocy of Congress over the last eight years.

As a young American, one who has so much pride in my country--as a veteran, too--I am utterly disappointed in and frustrated with the foolishness and greed infiltrating our government. How dare they cause this horrible atrocity, creating such harsh economic times -- so bad in fact, we are now in position as US citizens to becoming forced into socialism through higher taxes and stricter socialist policies. And who will lead this Socialist Revolution? Ah--but one of them, the corrupt, Barack Obama and his pilfered pockets full of cash from now mostly defunct institutions. All cash received, of course, in order to hide behind what became a wall of doom. The inevitable fall of democratic capitalism.

Thanks Obama, thank you greed: shall I turn around now? May I have another?

While it may take another several times re-reading the letter to fully understand it (while also doing other research myself, too), I am disappointed. More so because I believe our government is set up in a way to defeat such corruption. No one single source or legislation should have such power to cause this destruction of Capitalism. Isn't that what the full extent of our government is designed to protect itself from? How did so many greedy socialists infiltrate our government, to the point where they actually caused, or can possibly cause, the fall of democratic capitalism? How on earth did it get this bad without anyone taking action to stop it from happening?

Funny thing is, Corporate America owns Congress. Something the article brings to light. Which is probably true to a very extreme extent. So, then, the only hope I have in our great country, our economy and democratic capitalism, is that Corporate America comes to its senses and makes damn sure we don't become socialist. Hope that a Socialist majority doesn't take control of Congress and, at the same time, allow a socialist President to gain power in office - Barack Obama. Ideally I would like to say socialism should stay completely out of America. It doesn't belong here. However, sadly and unfortunately, it appears the worst case scenario is already here.

Something I truly believed in and have proven to be willing to sacrafice my life for, for the greater good and continued prosperity of the best country on Earth: America, its constitution, and the right to have an opportunity to live the American Dream; I have to ponder the concern, are we really one step away to living out this foretold collapse? If so America, we can say hello to our worst nightmare: a President we can call Barack Hussein Obama. The corrupt socialist who, in part, caused our fall and will lead us to true change, a revolution per say, ultimately toppling democratic capitalism.

Shall we also change our name from the United States of America, too? Something Barack Obama may hope for, such as the United Socialist States of America? Yeah... that sounds about right. Right?

Wrong.

I, for one, will dearly miss who I consider a great President for our country, President Bush. In his own words, "As we make the regulatory and institutional changes necessary to avoid a repeat of this crisis, it is essential that we preserve the foundations of democratic capitalism — a commitment to free markets, free enterprise, and free trade," Bush said. "We must resist the dangerous temptation of economic isolationism and continue the policies of open markets that have lifted standards of living and helped millions of people escape poverty around the world."

Progress should "seek agreement on principles of reform needed to avoid a repetition of the problems and assure global prosperity in the future."

I have utmost confidence in President Bush, and I have confidence in the United States of America. I also have full trust in the capabilities and intent of hopeful President John McCain. Only time will tell whether my confidence is merely a hint of foolish thoughts, dreaming of 'how it once was'.

Saturday, October 18, 2008

Oregon State vs. Washington

Game time, baby! I predict a very well played game by the Oregon State Beavers... and the Washington Huskies? Well, without Locker they've got absolutely nothing to stop the Beavers from thrashing them all game long. I love UW academics, but I can't say my love for Beaver football will ever go away. Go Beavs!



BEAVERS WIN!!!

Wednesday, October 15, 2008

The American Dream, simple Economics, and the Final Presidential Debate

In the words of John McCain, "Nobody likes taxes. Let's not raise anybody's taxes."

Obama and McCain sparred sharply over taxes, using the example of an Ohio man who's become known on the campaign trail as "Joe the Plumber." This is a person, I believe, who represents the average American, a hard-working individual who wants to create wealth for himself and by doing so, provide jobs to others allowing them to create personal wealth as well.

"Joe was trying to realize the American dream. ... We're going to take Joe's money, give it to Senator Obama and let him spread the wealth around," McCain said during the Debate Wednesday night. In other words, Obama wants to increase small business tax and move closer to socialism--wealth distribution--taking money from those who work hard to earn it and into the hands of people who, regardless of their 'need', didn't work a day of their life to earn Joe's money. Obama wants to take Joe's money and let Big-Government choose where to put it. To me, this doesn't seem right. In fact, it sounds like robbery: it's increasing taxes.

Regardless of the fact that raising taxes will ultimately cause an even further economic slowdown, there are a wide number of other issues this will cause. After a very short-term 'boost' of money the government may receive, the true effect of raising taxes will actually provide the government with less money. It doesn't take a genius to understand this either. If you increase the tax burden of small businesses, this creates less jobs while also restricting businesses from reinvesting their money into growth and innovation. There will be less money going to the government from a decrease in working taxpayers, and there will be less taxable profits going back into the business itself; thus, less money going to the government. Obviously this is a very simple explanation of the cause from increasing taxes, but it makes sense. At least, that is, if we're on the topic of economics it does.

Under Obama's wealth distribution plan, there are also those who will receive the money they didn't earn - creating a false sense of security for them, telling those people "it's OK to not work hard, forget about incentives, other people will do it for you." This brings forth a whole new set of issues that are already damaging the nation. It's called accountability.

I say we lower taxes, increase the incentive to work hard for your money, and allow 'Joe the Plumber' the opportunity to acheive the American Dream.

Saturday, October 11, 2008

Admittance

So much to say, lot's to discuss, but not sure where to start.

What is a blog anyway?

It's sort of like a diary, I think; only, anyone can read it. Maybe I should have rules? But why? If this blog is for me, to express myself to me, or others, then won't I be restricting myself? OK, so no rules then... just enjoy.

I do enjoy writing.

I suppose the odds are in my favor, indicating at some point I'll write something stupid that doesn't make sense. At least, I suppose later on if I go back and read it again, I might see some floundering error in my thought process. Oh well, maybe that's the point of a blog, or blogging, or whatever.

Friday, October 10, 2008

I've Got Nothing

If you somehow find this blog--empty as is--you might be wondering why there's nothing here. It's because I just started it. I'll add more later, when not so tired from the school week. UW is really good about making sure students remain as high stressed and exhausted as can be by the end of each week. So my creativity and thoughts are not yet ready to post something. Well, um, something of interest that is. Until another day, maybe tomorrow...