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April 6, 2009

Open Thread

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Posted by Van Helsing at April 6, 2009 7:27 AM

Comments

Posted by: Gregory of Yardale at April 6, 2009 7:42 AM

England's Ministry of Defense backed action figure line draws fire from concerned loonies:

"The problem is they contribute to the idea that guns are normal in our society, and also that they are glamorous and desirable instead of being lethal machines that are designed to kill human beings."

http://news.bbc.co.uk/1/hi/magazine/7978848.stm

Posted by: Anonymous at April 6, 2009 7:43 AM

Hey VH, wonder if ya can do a piece on Obama calling for nuclear disarmament?

Posted by: Atomic Lib Smasher at April 6, 2009 8:26 AM

as glenn beck would say, "moving it from one pocket in your jacket to another."

Posted by: nancz at April 6, 2009 8:33 AM

If you are a member of the NRA you killed three cops:

Accomplices to Murder

http://www.thedailybeast.com/blogs-and-stories/2009-04-05/accomplices-to-murder/full/

Posted by: baldeagle390 at April 6, 2009 9:48 AM

Posted by: Gregory of Yardale at April 6, 2009 9:57 AM

Barack Obama is your usial liberal demacrat who wants america to be defensless against terrorists and invading forgein crinimals

Posted by: SPURWING PLOVER at April 6, 2009 11:26 AM

Its called Keynesian economics, its debatable if it will work, but if it does the right will be totally screwed in 2012

http://en.wikipedia.org/wiki/Keynesian_economics

Posted by: Brandon at April 6, 2009 12:43 PM

from wikipedia:

"Hayek criticized Keynesian economic policies for what he called their fundamentally collectivist approach, arguing that such theories, no matter their presumptively utilitarian intentions, require centralized planning, which Hayek argued leads to totalitarian abuses."

so obviously Obama is 'stimulating' the economy with policies that support the democratic agenda, which while not totalitarian (since the stimulus was voted on by elected officials) was at best misleading.

Posted by: Brandon at April 6, 2009 12:48 PM

"Brandon at April 6, 2009 12:43 PM"

No, if it works, THE WORLD will be screwed because these idiots and crooks will be kept in charge and continue to screw everyone over.

Posted by: KHarn at April 6, 2009 1:19 PM

I'm curious. Are there any examples of Keynesian economics being successful in bringing about GDP growth?

Posted by: cowlove at April 6, 2009 1:28 PM

"By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." - John Maynard Keynes Economic Consequences of the Peace, 1920

Yup, it's Keynesian economics alright. When those trillions of dollars Obambi just printed finally work their way into the economy, you'll find out just how Keynesian it is.

Posted by: hiram at April 6, 2009 1:34 PM

Cowlove, some might point to FDR's New Deal. Roosevelt's own SecTres would have issues with that....

“We are spending more than we have ever spent before and it does not work. . . . We have never made good on our promises. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!” - Treasury Secretary Henry Morgenthau, May 6, 1939

Posted by: hiram at April 6, 2009 1:49 PM

Well obviously I'm not an economist, but I think the idea is not to use it for general growth but for getting out of a depression - or so the wiki says. It hasn't been tried before as far as I know and so this will be the first test of it.

Where the right really messed up in this whole debacle is in not having a clear response. Isn't the free market supposed to fix itself in the republican theory? Where's your Ayn Rand to explain the republican alternative to everybody?

Posted by: Brandon at April 6, 2009 1:53 PM

And No One Will Buy or Sell Without The Mark - and That Mark is 666.

Posted by: TED at April 6, 2009 2:01 PM

TED is that the inflation percentage?

Posted by: Brandon at April 6, 2009 2:05 PM

Brandon, the free market will always fix itself when left alone to do so. Problem is, we haven't seen a free market in this country since before Woodrow Wilson.

666 certainly may be the inflation rate in a few years. Hell, if it stays as low as the Carter years it'll be an ugly mess to live through... and when it comes to blowing a wad you don't have, Carter was a PIKER, a RANK AMATEUR compared to the triumvirate of Reid, Pelosi, and Obama (or Tweedle-dumb, Tweedle-dumber, and Tweedle Marxist). Honestly, the budget/bailout/stimu-porkulus bills the last couple of months have bottom-line figures that look like they were made up by toddlers. "Honey, what's the name of the biggest number you can think of?" "Omnibus!"

Dude, when a loaf of bread is $12.50, but you're not making much more than you are now, whatcha gonna do?

Here's a clear response. Get rid of the income tax, pare our Federal government down to about 10% (or less) of it's current size, kick out the illegals & mine the damned border... in short, keep in mind that there's no such thing 'free'. Somebody has to pay for everything. I'm sick of paying for other people's shit.

Posted by: hiram at April 6, 2009 2:34 PM

Obama to Turkey: America is not a Christian nation

This is going to cause some SERIOUS blowback for Chairman Zero at home.

Get ready to see his poll numbers drop some more.

Posted by: SK at April 6, 2009 3:13 PM

Harvard's Muslim Chaplain: Killing apostates is okay.

Posted by: V the K at April 6, 2009 5:23 PM

A comment I found over the weekend, from an accountant on a forum commenting on how WE will pay for those few extra dollars on our paychecks.... You ALL need to read this and be informed so you won't get surprised at tax time next year!

The comment:

sigh... so, for those of you who still have jobs... I don't know how many people noticed, but in mid-December, the IRS issued a new withholding tax table dropping the withholding tax by approximately $2/exemption claimed on your W-4 form (you saw an additional roughly $13/paycheck in your pocket)... on January 1st they raised the income tax by 2% across the board (for 2008 tax filing) and then gave an additional $1000 of exemption (gee thanks!)... if you made $30,000 or less you saw more money back on your return, otherwise this probably hurt you.

Now they have finished the adjustment for 2009 Stimulus Package ("Making Work Pay Credit") and ALL companies must have it online in your check by 4/15/09.

This credit is $400/person ($800/married joint) and is payable on your 2009 1040 form even if you have no tax due. However, they are giving it out as a reduction in withholding tax. The credit is approximately $2/exemption claimed (again) payable each week for the remaining 40+ weeks of the year. Your paycheck will show (depending on what your W-4 says now) an additional $5-$20 more in your pocket because that same money is no longer going to your withholding tax. THE PROBLEMS (yes, there is more than 1):
1) If you are claiming married 4 dependents it will be approximately $20/paycheck credit. It will not stop coming to you once it reaches the $800 limit. I repeat - it will NOT stop coming to you once it reaches the $800 limit. And the taxtable WILL NOT take into account whether or not your spouse's check IS ALSO GETTING THE CREDIT. This credit is designed to FORCE YOU to double dip the credit and have to pay it back next year in April. With penalties and interest. The penalty is 25%. Interest rate for IRS is set at 5%... your double dipped $800 just turned into $1200 that you have to pay back... ouch.
2) I received an email from a friend in IRS office in DC... they are raising the tax tables for next year by 4% across the board and raising the bar another $1500 dollars. Again, if you make less than $30,000 this will not affect you - you will probably get more back. If however, you are making more, or COMBINED you are making more, you will be screwed.
3) If you have more than 1 job, the credit will be given ON ALL YOUR JOBS. So, if you have a full time job, it will be given there. If you have a part time job, IT WILL BE GIVEN THERE. Both at FULL CREDIT. Again, can you say 'penalties and interest'?

I know we are ALL hurting for money right now. However, I strongly urge everyone to go in and file a new W-4 form requesting that the additional tax be withheld to negate this new 'credit'. If the planned raise in rate does not occur, you will get an additional $400/$800 come April next year. But if it does, at least you won't owe penalties and interest on money you don't have in the first place... increasing your debt will NOT save you.

I'm sorry if no-one wants to hear this, but as an accountant, I feel a need to pass along the warning... I see the federal government creating a trap to pay for the stimulus and I don't want to see the unwary walk into that trap blindfolded under the guise of 'we're helping you'... friendly fire IS NOT friendly.

Posted by: HoosierArmyMom at April 6, 2009 5:39 PM

Posted by: SK at April 6, 2009 7:53 PM

Posted by: BURNING HOT at April 6, 2009 7:58 PM

Posted by: BURNING HOT at April 6, 2009 8:01 PM

Posted by: BURNING HOT at April 6, 2009 8:03 PM

Posted by: BURNING HOT at April 6, 2009 8:06 PM

Barack the Barbarian - satire or on the level?

Barack Obama is about to become the president of Kickassistan.

He's trading in his suit and tie for a loincloth and sword in a comic book titled "Barack the Barbarian."

"Join Barack, Sorceress Hilaria, her demigod trickster husband, Biil, Overlord Boosh and Chainknee of the Elephant Kingdom," a promo from Devil's Due Publishing teases.

"Bush, Cheney, McCain, Blago, Pelosi, Steele -- they are all in there," said Josh Blaylock, the Chicago-based publisher's president.

Sarah Palin makes the cut -- as a barbarian bad girl in a bikini, a wolf cape and, of course, glasses.

"She's going to be his nemesis," Blaylock said.

"Barack the Barbarian: Quest for the Treasure of Stimuli" debuts in June.

Posted by: BURNING HOT at April 6, 2009 8:21 PM

Posted by: BURNING HOT at April 6, 2009 8:38 PM

Posted by: BURNING HOT at April 7, 2009 2:45 AM

Posted by: V the K at April 7, 2009 2:59 AM