The Obama administration’s decision to force out the head of General Motors should send chills throughout the private sector for years to come. President Obama continues to use the current financial crisis to undermine the free market and stretch his authority vis-a-vis the private sector in ways previous presidents never dared.
Although it is a bit late I am certain that the ex-chairman of GM, Rick Wagoner, finally realizes that
Continue reading Stop the Bailouts and Let the Bankruptcy Process Do Its Job
Yesterday my family and I got in the car and drove to Arizona for the day to see my beloved Los Angeles Dodgers play a Cactus League game against the Chicago White Sox at their new spring training complex known as Camelback Ranch.
The Dodgers lost 6-1 and, I gotta tell you, if the Dodgers don’t find some pitching help real soon it’s going to be a very long season. We
Continue reading What It Really Feels Like To Be A Millionaire
It’s time to dip into the mailbag again. I always love it when I get letters — especially the more, shall we say, interesting ones.
For example, I received one letter from someone who I can only assume is a card carrying member of a militant PETA splinter-group who apparently didn’t like my post on 10 Sure-Fire Tips for Minimizing Vet Bills. Specifically, Rose Jong castigated me for subjecting
Continue reading The Middle Class Should Prepare for an Increasing Tax Burden
The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning
Continue reading Gordon Gekko Would Be Proud: It’s Time to Let AIG Fail
I’m taking the day off today, so here is my St. Patrick’s Day variation on a very old story that has been passed down and around and back again.
I promise my grumpy old self will be back with fresher material tomorrow.
One day, not too long ago, a leprechaun disguised as a businessman walked into a bank in New York City and asked for the loan officer.
Continue reading The Leprechaun and the Lamborghini
I have a confession to make: I’m the Prince of Unhip. The King of Cautious. Poster boy for Blah. Lord of the Nerds.
I get misty-eyed every time I watch Anthony Edwards give that inspiring “I’m a nerd and I’m pretty proud of it” speech in front of the entire Adams College student body after being unceremoniously tossed into the fountain by the Alpha Beta jocks at the end of Revenge
Continue reading 24 (Financial) Things About Me…And One Confession Makes 25
I love stupid-humor movies; I blame that on my folks. When I was just a kid they always let me stay up past my bedtime so I could watch Jerry Lewis movies that were on the television.
I watched a lot of Jerry Lewis movies when I was a kid.
Maybe that’s why today, after reading the details of the Obama administration’s Homeowner Affordability and Stability Plan, I was reminded of a
Continue reading Be Fiscally Irresponsible…Get $5000!
Hello all. It’s me again. Your mean, uncaring, personal finance blogger with the heart of a lump of coal and a soul from the depths of Hades.
Yes, I am still steaming at this Obama rescue plan. No, I won’t get over it.
And the more I read some of the posts out there in the blogosphere, the more frustrated I become. This weekend I came across a couple of personal finance
Continue reading No, I Won’t Get Over It: The New Mortgage Bailout Plan Stinks
“All of us must learn to live within our means again.” – President Barack Obama
Taken at face value, who can argue with a statement like that? As a sound bite, President Obama’s statement is an encouraging affirmation of good common fiscal policy — policy that is good for both the government and the private citizen.
But according to this Associated Press article, President Obama actually made that remark while unveiling his
Continue reading I’m Just Askin’: Why Bother Being Fiscally Responsible Anymore?
“To those critics who are so pessimistic about our economy, I say: Don’t be economic girlie men!” – Arnold Schwarzenegger
While writing my 2008 State of the Household financial report I got this germ of an idea that kept popping into my head: What if I agreed to let Arnold Schwarzenegger be my household CEO?
But why? Why would such a horrible thought pop into my head at all?
Continue reading If Arnold Schwarzenegger Was My Household CEO…