Posts Tagged ‘Uncle Sam’
Posted by Larry Doyle on April 12th, 2012 7:14 AM |
“The mind, once expanded to the dimensions of larger ideas, never returns to its original size.” Oliver Wendell Holmes, Sr.
Uncle Sam and his friends in officialdom around the world may believe their ideas are of larger size and greater dimension. That point is open to debate. How do the old man’s ideas mesh with the principles of freedom and liberty?
Uncle Sam and his ‘friends’ make for very strange bedfellows . . . and lousy business partners. I cautioned people on this front a few years back.
The sanctity of contracts? Fuhgeddaboutit. The primacy of market based principles? How inconvenient! Protecting private capital? Why bother? (more…)
Tags: Barack Obama, Cumberland Advisors, David Kotok, Fannie Mae, Freddie Mac, housing finance, impact of Uncle Sam's presence, Larry Doyle, market based principles, Oliver Wendell Holmes Sr., post-Lehman world, presence of central banks, principles of freedom and liberty e, protecting private capital, sanctity of contracts, Supreme Court decision on healthcare, Uncle Sam, Uncle Sam economy, violation of contracts, when i suncle sam moving out of the house
Posted in General | 2 Comments »
Posted by Larry Doyle on February 2nd, 2012 11:57 AM |
I find myself in a daily battle not to write cynically about our economy and the political dynamic within our nation.
Just this morning I find myself wanting to rail on the Obama administration’s latest efforts to support housing when past efforts have been such enormous disasters.
How enormous? I cannot help myself……. (more…)
Tags: Billion Prices Project MIT, Consumer Metrics Institute, cynicism in America, easy to be cynical, Federal Housing Administration, FHA plan to support housing, financial ignorance in America, housing foreclosure crisis, Housing plan White House, Josh Rosner, Kenneth Rogoff, Obama Administration Housing Plan, Obama Housing Plan, Obama on housing, Obama Plan for Housing, Obama Promotes housing, Obama's housing plan, President Obama, Seeking Alpha, Sense on Cents, Shadow Government Statistics, Uncle Sam, White House plan on housing, White House plan to support housing, will Obama plan for housing work, will Obama's housing plan work
Posted in General, Housing Crisis, Obama Administration | 6 Comments »
Posted by Larry Doyle on November 29th, 2010 7:34 PM |
Might Uncle Sam try to take control of our retirement assets?
“What’s that, LD? Lose control of our retirement assets?” That is, could the “grand ol’ man” unilaterally swap our retirement assets for government sponsored IOUs?
This past January, a regular reader of Sense on Cents provided us a Blueprint for Government Takeover of IRAs. In February, I interviewed Ron Holland regarding his report, “Plan Now to Escape Obama’s Retirement Trap.”
Many readers of the aforementioned commentary and listeners to the aforementioned interview were blown away by the mere thought that our government may possibly look to nationalize our individual retirement assets and accounts. Argentina implemented such a drastic policy but certainly not the United States, right? Do not be so sure.
Would any other nations dare go to these lengths? Well, thanks to our supporter Comrade Joe for bringing a new development to light in this corner of our economic landscape. How so? (more…)
Tags: Argentina nationalization of pensions, Attila Eszes, budget deficits, David nemeth of ING Groep, Donald tusk, government takeover of IRAs, Gyorgy matolcsy, Hungary, Hungary Follows Argentina in Pension Fund Ultimatum, Hungary Poland Lithuania Argentina, Hungary to nationalize pensions, Hungary ultimatum, its a nightmare scenario, Julianna Baba, long term liabilities, open blackmail, pension accounts, pension funds, Plan Now to Escape Obama's Retirement Trap, public debt, retirement assets, This is open blackmail, Uncle Sam
Posted in General | 2 Comments »
Posted by Larry Doyle on June 28th, 2010 1:12 PM |
What type of legacy are we leaving our kids? Will we leave them so burdened with overwhelming debts and deficits so as to strangle and choke off real opportunities? While Uncle Sam is able to play charades in an ever increasing and dramatic fashion, Sam’s smaller brethren at the state and local levels do not have those capabilities.
On that note, let’s look westward. I wrote in May 2009, “As California’s Economy Goes, So Goes the Country.” Along the same line, today we read from Bloomberg, States of Crisis for 46 Governments Facing Greek-Style Deficits:
Californians don’t see much evidence that the worst economic contraction since the Great Depression is coming to an end. (more…)
Tags: Arizona Illinois New Jersey New York economy, As California Goes, Bloomberg, California, California economy vs Russia's economy, California's economy, Center for Economic Policy and Research, Center on Budget and Policy Priorities, Dean Baker, economic contraction, GAO, Government Accountability Office, Great Depression, Illiinois finances, legacy, municipal finance, States of Crisis for 46 Governmetns Facing Greek-Style Deficits, steady decline through 2060, Uncle Sam, Unemployment, what will be our legacy
Posted in General | 3 Comments »
Posted by Larry Doyle on March 23rd, 2010 6:11 AM |
Sifting through all of the pros and cons of healthcare reform, I strongly believe the greatest fear for the majority of Americans is that Uncle Sam will screw up the delivery of healthcare itself. Healthcare is the equivalent of the third rail for Americans. Uncle Sam can go ahead and touch almost every other aspect of our lives, but when it comes to our health and access to our physicians, now that is truly personal.
Can Uncle Sam deliver? I guess it is possible, but regrettably Americans increasingly do not trust the “old man” on this topic. (more…)
Tags: Colossal Risk, do you trust our government, Dr. Never, fear of healthcare, fears of healthcare reform, healthcare, healthcare is the third rail, lack of confidence in government, The Great Society, trust in government, Uncle Sam, Vast Ambition, why doesn't America trust Washington
Posted in General, health care reform, Washington D.C. | 4 Comments »