RichC | November 21, 2011
The financial markets responded negatively Monday morning to the general conclusion that neither Europe or the U.S. can come to agreements over out of control spending. The congressional super committee charged with coming up with a solution telegraphed failure this weekend as neither Democrats or Republicans seem interested in compromising their positions. I ask you, [...]
RichC | November 16, 2011
How do you know a politician is lying? Well we’ve all heard the old “lips are moving” answer … it is even more true today than in the past. As someone who really wanted to believe that people – voters – could make a change … I’m becoming more and more disheartened. (Disclosure: I didn’t [...]
RichC | November 9, 2011
The voters in Ohio have clearly made their desires known when it comes to restricting collective bargaining for public employees — over 60% rejected Governor John Kasich and the Republicans (perhaps they asked for too much?). What I don’t think voters realize is the big picture cost of rejecting Issue 2. Unions are now in [...]
RichC | November 4, 2011
I had a brief, but friendly, discussion with a client who’s political views are 180 degrees apart from mine. We chatted about the role of government and eventually settled on a discussion around the problem of funding campaigns and lobbyist gaining influence in our government – something we both agreed was a problem. He was [...]
RichC | October 30, 2011
Every once in awhile a writer captures with clarity what I’m politically thinking — I wish I could communicate this clearly. Peggy Noonan. She is a very talented speech writer and opinion columnist and wrote a superb column for Saturday’s WSJ worth sharing and saving to my archive. The content referenced current politicians, but is [...]
RichC | October 23, 2011
The new CPI numbers (Consumer Price Index) released by the government verify what most balancing family budgets already know … inflation is taking a bigger bite out of incomes. Most private sector workers feel fortunate just to be employed and have seen their take-home pay and benefits stagnate or retreat. Everyone I know has had [...]
RichC | October 19, 2011
I spent the 8 to 10PM hours Tuesday night watching yet another GOP debate, this one hosted on CNN. This time the top tier of the Republican field came out fired up and directed jabs at each other. I suspect viewers who prefer to see Obama as the target were somewhat uncomfortable with the body [...]
RichC | October 17, 2011
By now most in America have at least acknowledged that there are legitimate protests movements in several cities including NYC; some protesting are anarchists and anti-American types looking to hijack any radical movement, but many are legitimately angry with the state of our nation, the partisanship that favors and bails out the Wall Street banks [...]
RichC | October 10, 2011
Brian “Sully” Sullivan, one of my favorite reporters and business news anchors who is now on CNBC, wrote and interesting post that addressed unemployment, growing the economy and the correct way to increasing tax revenues — “all without spending a dime of taxpayer money.” The point of the article is that of the 14 million [...]
RichC | October 4, 2011
Wipeout Beach Boys The government grows, the private sector slows. As I listen to Fed Chairman Bernanke answer questions from our elected representatives this morning, the bulk of question seems to focus on the politics of class warfare. Once again the economies of the world sputter while bureaucrats argue over ways to manage our economy. [...]
RichC | October 1, 2011
I saw a CNBC interview with Warren Buffett the other day and didn’t realized just how twisted the “tax the rich” ideas had become. I’m not saying that I agree with either Warren Buffett or President Obama’s new tax proposals, BUT I was surprised to have them being reported as nearly one in the same [...]
RichC | September 23, 2011
Much of the political debate coming from Washington DC is focused on cutting the deficit, reforming the tax code and generating more revenue for the federal government. Hopefully those who currently pay federal income taxes (only 52%) are going to be given the loudest voice, but that may not be the case now that we’re [...]
RichC | September 20, 2011
Why we need to reform the tax code and create a structure that attracts business to the United States … a thought from Thomas Falk, CEO of Kimberly Clark this morning on CNBC. Get the latest Flash Player to see this player. [Javascript required to view Flash movie, please turn it on and refresh this [...]
RichC | September 19, 2011
This was posted in late 2010, but I found the tracking of our two-party voting pretty interesting sped up over time. While trying to remember my American history, it is interesting to watch the political swings in ideology over the years. The swings between too much centralized government and regulation … and unregulated capitalism has [...]
RichC | September 9, 2011
Like him and his policies or not, it would be great if all politicians were as succinct and committal as Congressman Paul Ryan. His interview on CNBC’s Squawk Box Friday morning after President Obama’s speech was sharp and to the point although respectful toward the president and those holding other ideas. Well worth a listen. [...]
RichC | August 28, 2011
I’ve been thinking about the big entitlement (negatively charged word?) issue when it comes to how the U.S. structured our senior citizen’s healthcare and retirement living expenses. Having never really fully understood the cost … and inching closer towards that eventual day … I do recognize while looking at my own health and insurance costs [...]
RichC | August 16, 2011
While listening for updates from the German Chancellor Angela Merkel and French President Nicolas Sarkozy in Paris today, a CNBC guest analyst made the observation that “If all countries were like Germany, Germany would not survive. Germany needs the weaker European countries to export to in order to prosper.” (paraphrased)
RichC | August 16, 2011
With the Obama administration failing to lead in the area we expect, liberal politicians (might as well say “all politicians”) have little problem taking a leadership role when it comes to telling the industry how to run their businesses. The Department of Energy distributes our taxes as gifts grants as a way to warp free [...]
RichC | August 14, 2011
I’ve been reading a few of the ideas being toss around by congress as a way to stimulate the economy and “create jobs” (as I recall that was job #1 about three years ago?) The school of thought for most Republicans (at least the last couple years) is to lower tax rates and cut both [...]
RichC | August 12, 2011
Without too much expectation we watched the presidential hopefuls in the Republican debate last night and came away surprised. Several of the candidates in Iowa avoided the canned talking points and went out on a limb in presenting fresh and thoughtful ideas; almost all candidates convinced me that the field is far more qualified than [...]
RichC | August 7, 2011
Panic … it is going to be the big issue for financial markets come Monday morning. It won’t be pretty. Is there really a difference between where we were last week (after the debt ceiling increase) and where we will be on Monday morning? No, not really, but unfortunately Standard and Poor’s downgrade (PDF) of [...]
RichC | August 4, 2011
After the agonizing debates in order to come to a half solution to control our deficit, debt and raising the President’s ability to borrow these past several weeks, the debt ceiling agreement did little to help the world’s financial markets – Europe’s banking problem does little to help. Today Wall Street returned the largest lost [...]
RichC | August 1, 2011
As I watch the talking heads on CNBC blabber back and forth, their premarket guest politicians covered their bases for the “lite” deal which in reality kicks the can down the road. It is expected that there will be enough votes to pass the small bill … enough to keep the government functioning and bills [...]
RichC | August 1, 2011
Yesterday I heard part of an interview with noted social scientist Arthur Brooks, President of the American Enterprise Institute, which I recorded on my Palm Pre Z-corder app – well at least part of it. He pointed out that our government has moved beyond the point of providing just the necessary “safety net” … Arthur [...]
RichC | July 31, 2011
For many of us, getting a visual picture regarding the debate polarizing the country around the nation’s debt and deficit is helpful in understanding just how big the problem is. I found a WSJ graphic to be a clarifying example as to the gap between what we spend and what we take in as a [...]
RichC | July 29, 2011
President Obama announces the new fuel efficiency standards with a few early jokes regarding his daughter and driving before stressing the prices of fuel and the demand “worldwide” for oil. His “fix” is to take steps to control prices through and energy strategy that 1) increase domestic production, 2) getting rid of tax subsidies to [...]
RichC | July 29, 2011
As the financial markets in the US trade down this morning on lousy economic recovery news (little growth – 1.3% annual rate) and no compromise in Washington DC on the debt ceiling … I’m wondering why politicians can’t find a solution with a country as strong as ours. The far right can’t come together for [...]
RichC | July 28, 2011
In the Midwest we’re still sweating from the 90+ degree heat (12 days in a row for Cincinnati), although I’m getting use to it. We’re also sweating the debt ceiling and cost cutting measures being proposed in Washington DC by politicians. Like most of America, I watch the haggling and posturing between the extremes on [...]
RichC | July 26, 2011
As Washington DC politicians debate how to deal with the U.S. debt ceiling and rapidly climbing debt, investors are faced with the growing possibility of default or at minimum a very real likelihood that we’ll see our nation’s credit standing slip. Individuals, companies and the government seeking to borrow money will see interest rates increase [...]
RichC | July 23, 2011
I enjoy political humor as much as the next guy … and have a pretty good tolerance for the lambasting of politicians whether it is by rightwing talk radio or leftwing comedians (most deserve it). In fact, I enjoy listening to a few of the well known loudmouths as a way to hear left and [...]