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Posts Tagged ‘Joe the Plumber’

Sense on Cents 2009 Halls of Fame and Shame

Posted by Larry Doyle on January 4th, 2010 9:47 AM |

For those who missed last evening’s No Quarter Radio’s Sense on Cents with Larry Doyle Hall of Fame and Shame Induction, I am compelled to provide a recap and listing of all those honored or dishonored — depending on one’s perspective. What was the measuring stick to make these assessments? Very simply, the pursuit and promotion of truth, transparency and integrity as we navigate the economic landscape.

Some names you will immediately recognize, others you may not. Additional information about these individuals can be found via the search window (located above the right sidebar) at Sense on Cents. The names appear in no specific order of priority or importance. With no further adieu . . .

Sense on Cents 2009 Hall of Shame Inductees

1. Bernie Madoff
2. Nicholas Cosmo: ran financial scam at Agape World
3. Tim Geithner: tax cheat amongst other things
4. Larry Summers: arrogant, condescending, and sleep deprived
5. Auction-Rate Securities dealers and managers, especially Oppenheimer Holdings, E-Trade, Schwab, Pimco, Van-Kampen, Blackrock
6. The Wall Street Journal
7. George Soros
8. Chris Dodd (D-CT): reasons too numerous to mention
9. The Board of FINRA
10. Franklin Raines and Leland Brendsel: former CEOs of Fannie and Freddie
11. Wall Street management, especially Lloyd Blankfein of Goldman Sachs
12. Frank Dipascali: a special place in hell for Madoff’s CFO
13. Rahm Emanuel
14. Jimmy Cayne: CEO of Bear Stearns
15. Dick Fuld: CEO of Lehman Bros.
16. Congress collectively
17. Barney Frank (D-MA): reasons too numerous to mention, but start with “I want to roll the dice…”
18. Bank Stress Tests: a total sham
19. Allen Stanford
20. Steven Rattner: car czar
21. Bruce Malkenhorst: receiving a 500k pension from Vernon, CA
22. Barack Obama: just another politician (more…)

“Give a Man a Fish, Feed Him for a Day . . .

Posted by Larry Doyle on October 21st, 2008 7:00 AM |

. . . TEACH A MAN TO FISH, FEED HIM FOR A LIFETIME!”

While there are so many issues being debated during this election, it seems clear to me that the relative merits of our current tax system as highlighted by “that one’s” interaction with “Joe the Plumber” will carry the day.

Amidst all the rhetoric and spin that is giving me a headache, I thought it may be helpful for all of us to take a deep breath and merely “review” some data so that we can make as informed and thoughtful a decision as possible.

Let’s lay out some data that I collected from a variety of reputable sources (Kiplingers, U.S. Census Bureau, WSJ) and then go from there. To be fair, the numbers are taken from the last few years but for our argument here, the big picture will be very much in focus.

BREAKDOWN OF INCOME AND TAXES PAID BY CATEGORY (more…)






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