RichC | January 30, 2018
With a rebounding economy, strong stock market and job opportunities for all who want to work … there is optimism in the country. President Donald Trump capitalized on the positive attitude most American have and highlighted the recent tax cuts as something all will start to see in their paychecks this year. Besides the IRS […]
RichC | January 28, 2018
Delivering commonsense “tough love” clarifications and explanations of financial issues has always been a Dave Ramsey strength. After the Trump administration finally moved their tax plan through congress, Dave offered a 10 minute explanation as to whether it was a good thing or a bad thing. If you are steeped in years of seeing things […]
RichC | January 26, 2018
We watched the premiere David Letterman series on Netflix with President Barack Obama the other night and both Brenda and I were impressed with the likeability our previous president exhibited – reminiscent of why he was elected in 2008 (Letterman, not so much). Obama was baited numerous times by David Letterman to weigh in negatively […]
RichC | January 21, 2018
We are dealing with a government shutdown once again. Our ineffective elected politicians in Washington DC can’t figure out how to work together in a way to even keep the federal government doors open for business … let alone do the actual work to improve the country without making someone suffer (those depending on a […]
RichC | January 15, 2018
Today, January 15, 2018, our nation celebrates the life and accomplishments of one of our greatest Americans on his national holiday, Dr. Martin Luther King Jr. This past Friday, President Trump signed a proclamation that honors Dr. King by designating his birthplace, church and tomb as a National Historic Park. Along with the president’s respectful […]
RichC | January 11, 2018
While eating out on January 9th, I stealthfully pick up the check for a local police officer just as I’ve seen others do in the past. I find a gesture like this is a polite way to let street officers know we have their backs and appreciate them for the tough and often thankless job […]
RichC | December 19, 2017
Although I have the traditional conservative view that one’s gender is in our DNA and one that we are born with, I understand there are those who differ. Let’s at least try to agree as a nation that we should at least protect young kids and early teens from the irreparable damage parents and doctor […]
RichC | December 15, 2017
Another record high on Wall Street as once again the financial markets believe the Republicans in congress will finally get promised tax reform across the finish line. Even if Democrats see some benefits (many agree US corporate taxes are too high) they haven’t contributed in the GOP plan; they likely will continue to oppose anything […]
RichC | December 11, 2017
After years of leading the "clean diesel" push and getting their hand slapped for cheating on emissions testing, Volkswagen looks to be giving up on fossil fuel or at least diesel cars. In fact according the New York Times, VW wants the German government to phase out subsidies they lobbied for for years that favored […]
RichC | November 7, 2017
Ethics in journalism, particularly political content, continues to disappear as the line between editorializing and reporting is blurred. Most who consume "their" brand of NEWS recognize there is truth to the sarcastic #FakeNews hashtag on social networks and President Trump’s regular "tweets" complaining about how his administration is treated by the #MSM (Main Stream Media). […]
RichC | November 3, 2017
On Thursday, the long awaited Republican tax reform plan finally saw the light of day after most political and financial watchers haggled over the unknown details most of this year. President Trump has made tax reform and cuts as his centerpiece agenda as essential to growing the economy and stimulating job and wage growth for […]
RichC | October 13, 2017
The early 1980s were challenging as manufacturing headed overseas, inflation ate up the buying power of every dollar and the cost to borrow was at an all time high. In fact, Brenda and I were giddy to have acquired a 12% mortgage on our first house in 1982 because our friends were applying for new […]
RichC | October 7, 2017
A friend of mine is receiving his first social security check this month and so I’ve been doing some reading on the subject (it is a long way off yet for me … just in case readers had me already over-the-hill!) One of the biggest concerns for those nearing retirement and doing calculations is that […]
RichC | October 5, 2017
One may have thought that the divided nation after the election and political chaos in putting together an administration that worked well together would have been the biggest challenge for the unconventional President Donald Trump when it comes to being POTUS, but after the last 30 days you would be wrong. The president has faced […]
RichC | October 4, 2017
A little bit of research highlights which of the Dow 30 companies benefit from corporate tax reform and which one are currently better at working the existing complex tax code. Company Ticker Median effective income-tax rate – past five reported quarters UnitedHealth Group Inc. US:UNH 40% Home Depot Inc. US:HD 36% Verizon Communications Inc. US:VZ […]
RichC | September 28, 2017
President Trump will roll out his administration’s tax reform plan on Wednesday, seeking reductions in both the corporate and individual income tax rates, while doubling the standard deduction. The plan would cut corporate taxes from 35% to 20%, while dropping the top individual tax bracket from 39.6% to 35% and collapsing the current seven brackets […]
RichC | September 26, 2017
Since I’ve been watching the Ken Burns and Lynn Novick PBS Vietnam War 10-part series, it is not surprising that once again that some in the United States have an issue over perceive inequities (or something). Unfortunately peaceful protestors again take it out on those wearing a uniform? Very sad … one would think that […]
RichC | September 7, 2017
Obviously the "promises" made by the Obama administration, and the Democrats who passed the Affordable Care Act (ACA), have failed us … and the current GOP controlled congress have failed to fix, repeal or replace (their promise if elected). Who in middle class America can afford health insurance at $1000/mo with a $12,900 deductible? As […]
RichC | August 7, 2017
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RichC | August 3, 2017
Just one more irritation as to how politicians spend tax dollars … and line their own pockets. For the past couple of decades, the private sector has been struggling … particularly the blue collar worker and mid to lower management employees. Pensions are non-existent, benefits eliminated and health care for the private sector a nightmare! […]
RichC | June 13, 2017
There was a time when I thought I could count on Republicans who now control the House of Representatives, Senate and Whitehouse in Washington DC to reduce taxes — how naïve of me. The latest going around is how "gasoline and diesel taxes haven’t been increase in years and how they need to go up […]
RichC | June 4, 2017
From a small business perspective, excessive debt is near the top for reasons entrepreneurs fail in business. In my experience there are bankers and leasers with terms in the lenders favor, but not in the borrower’s favor. Bankruptcies are harmful not only to the person and family going through the ordeal, but on the creditors […]
RichC | May 16, 2017
The Kindle ebook reader is my preferred choice ever since getting my "own" ereader. My buddy Jeff has found a new way to entertain me … gifting Amazon books (this one for my birthday). I sense that he assumes everybody reads as much as he does? I assure you that I do not … but […]
RichC | April 26, 2017
What a start to the week for the stock market! There is optimism that something "will" get done with taxes, unlike #RepealAndReplace legislation. The news is that President Donald Trump will be unveiling his proposal to cut corporate taxes on US companies’ foreign profits and slash the top tax rate has investors in the "buy" […]
RichC | April 5, 2017
As California Congressman Tom McClintock (R-CA) excogitated his ideas and explained the slow progress of repealing and replacing Obamacare with Neil Cavuto, he quoted one of his late fellow Californians, Paul Masson, "We will sell no wine before its time." How apropos to healthcare reform (listen or watch below). That wasn’t the only smart saying […]
RichC | April 1, 2017
The “Trump Rally” as many have dubbed it, provided investors with solid quarterly gains as a brighter economic outlook offset the lackluster Washington DC agenda which has become bogged down in politics. Investors still believe job growth, better corporate financial returns and tax cuts will over shadow the Fed “applying the brakes” in the form of higher […]
RichC | March 13, 2017
The US has been going through immigration policy mood swings since the American Revolution. At first, only “free white persons” can become citizens. And over the next several decades, immigration (mostly from Europe) is fairly free flowing, because Thomas Jefferson and friends want more people to come party in the USA. In 1868, an NBD […]
RichC | March 2, 2017
This kind of interview and polite exchange with Jason Furman is what make Maria Bartiromo one of the best in the business … and why FoxBusiness is beating CNBC. They are now the business news powerhouse … not to mention their sister channel FoxNews had more viewers than any other network during President Trump’s speech […]
RichC | February 28, 2017
Spotted this on my Facebook feed (was posted in 2016).
RichC | February 22, 2017
Should municipalities and states charge citizens if they exercise a constitutionally protected right? On the surface, most of us would say "no way" should a city or state charge US citizens to "vote," "worship" or to "speak freely" … but that’s what some politically left leaning cities and states do to those who own firearms. […]
RichC | February 20, 2017
Happy Presidents Day … if you can still smile after the lack of discipline and leadership.
RichC | February 19, 2017
Having been around journalists and the media most of my working life, I disagree with the broad brush of many who paint them as "knowingly biased and of misleading the public." Most reporters, professional journalists, aspire to gather and report the relevant facts with the purpose of getting a story correct and providing the facts […]
RichC | February 16, 2017
Unless you’ve had your head in the sand pile, you know that there is a shake-up happening in Washington DC since the election of President Donald Trump and his taking office less than 1 month ago. Much of the economic optimism seen by new records on Wall Street, job incentives and both interest rates and […]
RichC | February 8, 2017
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RichC | January 31, 2017
Is there a comparable president to Donald Trump? People say President Donald Trump is unique in U.S. history, yet a few who study presidential history say it is not entirely true. Doug Wead, a presidential historian, compares President Trump to Andrew Jackson, as he did shortly after the November 2016 election on "Happening Now" with […]
RichC | January 26, 2017
My answer: Rarely does the pendulum find the middle. Neither the fiscal or social policy balancing coming from Washington DC makes much sense to me. There have to be moderates who see validity in each others positions? Rather than the black and white collisions between the liberal Democrats and the conservative Republicans’ points of view, […]
RichC | December 31, 2016
The last several years MyDesultoryBlog has highlighted "banished words" from the list Lake Superior State University (LSSU), who puts together a list at the beginning of a new year (and probably still will in early January)? This year we’ll end we’ll end 2016 with a couple memorable photos. The first being serious, and second … […]
RichC | December 15, 2016
Forgiving debt and bankruptcy options aren’t new, but those of us who strive to “play by the rules” often feel like suckers when it comes to bureaucrats playing fast and free with tax dollars … or with OPM. While it is understandable that our society wants to be compassionate and lend a helping hand to […]
RichC | November 9, 2016
RichC | November 9, 2016
They won’t call it, but it is all but a shoe in for America’s next president … Donald J. Trump. Since both Clinton and Trump are in NYC, here’s the current New York Times website front page. Good night all and hold on for a wild financial market ride tomorrow.
RichC | November 6, 2016
As someone who politically grew up at a time when Ronald Reagan instilled optimism in America and in Americans, I am disgusted and embarrassed to to watch and vote for the “least worst” person running for president. On this coming Tuesday, or for many mailing in absentee or early voting, we’ll be doing just that […]
RichC | November 2, 2016
While I suspect a Thursday post to be about game 7 of the World Series between the Cleveland Indians and Chicago Cubs (let’s just call them the comeback kids now that they have won the last 2 games and have tied the series up), I’ll post an election observation and get my bias media post […]
RichC | October 31, 2016
Just capturing a beautiful autumn sky as the Trick or Treat gang gets ready to make their rounds in the neighborhood this quiet Halloween night. Let’s hope I have enough candy as I’m giving out 5-bar packs tonight! (the last photo below I saw on Twitter … Brenda said I couldn’t share it when "Baby […]
RichC | October 25, 2016
Looking at Ohio in the presidential election from theskimm.com distance: OHIO DON’T LIVE THERE, DON’T CARE. If you had to bet on who’d win in November, hang out in Ohio first. The state’s voted for the winner every year since 1964. WHAT DO I NEED TO KNOW? That if the US held up a mirror […]
RichC | October 23, 2016
It has NOT been an enjoyable campaign season … a very long year and a half! Citizens of voting age in the United States (see Twiitter comment below) voluntarily head to the polls to decide who they want or more appropriately DON’T want as their president for the next 4 years. I doubt I’m alone […]
RichC | October 18, 2016
Maybe it is just me being a little nervous, but there are a lot of potential triggers for panic. The craziest presidential election I’ve ever seen, a stock market that has risen longer than average between recessions (with tepid economic growth), unrest in the middle east (of course always on fire) and both the Chicago […]
RichC | October 17, 2016
Rumors are swirling that something or someone has started triggering the Wikileaks "Deadman’s Switch," which has been put in place if something should happen to founder Julian Assange. Some suspect that a "state party" intentionally severing of his Internet link was more than just someone attempting to silence the release of more incriminating emails, which […]
RichC | October 16, 2016
I love simplicity … so when tossing around political footballs, I generally join the team that at least "attempts" to simplify government and taxes. I’m not naïve enough to believe it will ever happen or even work well, but after filing personal (for friends and family), organizations and business taxes for years, it would sure […]
RichC | October 12, 2016
Pick your poison … a very scary Hillary Witch or a very angry orange TrumKin.
RichC | October 11, 2016
The Republican establishment has moved a bit closer to full fledged panic after a video of their candidate for president was dug up from a "hot-mic" Donald Trump celebrity appearance 11 years ago. It offered an audio picture of what most knew about the man who swaggered his way through the Republican primaries. His vulgarity […]
RichC | October 7, 2016
What is the goal? More and better paying jobs, profits for companies and growing tax revenues to fund government services, entitlements and improved ability to pay down our nation’s debt. How do we accomplish this? There are two ways government helps to create jobs in the US. The current Democrats remain focused on #1, while […]
RichC | September 27, 2016
After watching David Stockman on Wall Street Week this past weekend, I was intrigued enough in his message of economic panic to pick up the Kindle version of his latest book. Although he is not new to the "Henny Penny" view that economically we can’t continue on the current path, hearing and reading his analysis […]
RichC | September 26, 2016
Just when you thought this years presidential campaign couldn’t get any weirder … Gov Gary Johnson steps it up a notch on MSNBC. I don’t have (or want) the full context.
RichC | August 30, 2016
I mentioned Paul Harvey’s broadcast on the 50th anniversary last year, but his 1965 thoughts are worth hearing again in this election year … not that we’re even talking about social issues. I didn’t post it as an audio MP3 format file — so here it is. Paul Harvey | If I were the devil … – […]
RichC | August 22, 2016
I wish politicians would listen to managers and owners of small businesses. In a Maria Bartiromo interview with Metro Applebee’s CEO Zane Tankel, his frustration at the challenges being force down the throats of business in the U.S. is apparent (about 2 min into the interview). It is understandable why starting a business and hiring […]
RichC | August 11, 2016
There are people who have the ability to communicate and can make "simple-sense" of the usually complicated economic issues facing our country. I’d like to believe that IF enough voters are willing to digest the three minutes of conversation below, that they would be less inclined to "dis" a business oriented pro-growth policy that is […]
RichC | July 27, 2016
While I’d prefer watching something more enjoyable than the political sales pitches from Republicans talking about Donald Trump (at the GOP convention) last week or the Democrats attempt to do the same this week, I am trying to be fair by watching both. Frankly at this point is looks like we are stuck with picking […]
RichC | July 21, 2016
Mike Rowe brings a bit of commonsense to the nutty “mostly” media outrage about Melania Trump‘s plagiarism considering almost every politician reads someone elses’ words off a teleprompter in practically every important speech. Are we fooled they aren’t reading a speech someone else wrote anyway? Should we be outraged at every speech a politician give […]
RichC | July 10, 2016
If liberal politicians really wanted to reduce gun violence, they would enforce existing law in the cities suffering the most … and the complicit left leaning media would be holding their feet to the fire. Instead, the ultimate objective is obvious: dismantle the 2nd amendment granting the right to bear arms to all law abiding citizens. https://youtu.be/qgr2lj7jwr4
RichC | July 8, 2016
I can’t stomach posting anything polite today after the horrendous targeted sniping of police officers in Dallas, Texas Thursday night. It is an absolutely senseless murder of 5 police officers (6 wounded) after a relatively peaceful Black Lives Matter protest/rally. These were officers who were just doing their job of crowd control and keeping citizens […]