Monday, August 25, 2008

8-24-08 Bathroom Humor is LOW Class Bathroom Pix are LOW Class but what else can we expect from the RJ? 3 questions NOBODY CAN or WILL ANSWER 1. How much do YOU pay for YOUR Health Care? 2. What Income Tax Bracket are YOU in? 3. how many US Treasury Bonds or TBills do you own?
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Sunday, August 24, 2008

John Kenneth Galbraith

Jewish World Review August 12, 2008 / 11 Menachem-Av 5768

The Galbraith Effect?

By Thomas Sowell

Many years ago, when I was a college student, I took a course from John Kenneth Galbraith.

On the first day of class, Professor Galbraith gave a brilliant opening lecture, after which the students gave him a standing ovation.

Galbraith kept on giving brilliant opening lectures the whole semester. But, instead of standing ovations, there were now dwindling numbers of students and some of them got up and walked out in the middle of his lectures.

Galbraith never got beyond the glittering generalities that marked his first lecture. After a while, the students got tired of not getting any real substance.

Senator Barack Obama's campaign this year reminds me very much of that course from Professor Galbraith. Many people were ecstatic during the early primaries, as each state's voters heard his glittering generalities for the first time.

The media (***Generalization) loved the novelty of a black candidate with a real chance to become president, (*** NOT if Sowell or the RJ can Stop it) and his left-wing vision of the world was largely their vision as well. There was a veritable media honeymoon for Obama.

There was outrage in the mainstream media when ABC anchor man Charles Gibson asked Obama a serious question about the economic effects of a capital gains tax. Who interrupts honeymooners to talk economics?

The fact that Senator Obama did not have a very coherent answer made things worse— for Charles Gibson. Since Obama can do no wrong in the eyes of many of his supporters, they resented Gibson's having asked him such a question.

The question, incidentally was why Senator Obama was advocating a higher capital gains tax rate, when experience had shown that the government typically collected more revenue from a lower capital gains tax rate than from a higher rate.

Senator Obama acted as if he had never thought about it that way. He probably hadn't. He is a politician, not an economist.

Politically, what matters to the left-wing base that Obama has been playing to for decades is sticking it to "the rich."

What effect that has on the tax revenues received by the government is secondary, at best.

What effect a higher capital gains tax rate will have on the economy today and on people's pensions in later years is a question that is not even on Senator Obama's radar screen.

Economists may say that higher capital gains tax rates can translate into lower levels of economic activity and fewer jobs, but Obama will leave that kind of analysis to the economists. He is in politics, and what matters politically is what wins votes right here and right now.

The kind of talk that won the votes— and the hearts— of the left-wing base of the Democratic Party during the primaries may not be enough to carry the day with voters in the general election. So Senator Obama has been changing his tune or, as he puts it, "refining" his message.

This was not the kind of "change" that the true believers among Obama's supporters were expecting. So there has been some wavering among the faithful and some ups and downs in the polls.

Despite an impressive political machine and a huge image makeover this year to turn a decades-long, divisive grievance-promoting activist into someone who is supposed to unite us all and lead us into the promised land of "change," little glimpses of the truth keep coming out.

The elitist sneers at people who believe in religion and who own guns, the Americans who don't speak foreign languages and the views of the "typical white person," are all like rays of light that show through the cracks in Obama's carefully crafted image.

The overwhelming votes for Obama in some virtually all-white states show that many Americans are ready to move beyond race.

But Obama himself wants to have it both ways, by attributing racist notions to the McCain camp that has never made race an issue.

The problem with clever people is that they don't know when to stop being clever— and Senator Obama is a very clever man, perhaps "too clever by half" as the British say.

But maybe he can't keep getting by with glittering generalities, any more than Galbraith could.

Imagine! THIS coming from a guy Sowell that NEVER HAS EVER GIVEN AN EXAMPLE ON ANYTHING HE WRITES. NOW he switches gears to Anti-Obama stuff. And, because Sowell is Black he writes Anti-Black stuff and can get away with it. Sowell HATES the Media Those that Use Labels Usually - get that? - Usually Brag about being a Conservative. BS THAT is the sort of CRAP that the RJ uses, and may be WHY they selected this articles. Sowell will believe the WORSE about him, True of NOT. The Rich do NOT pay into Sec Sec and Medicare ON EVER CENT THEY EARN AS YOU AND I DO. I consider Sowell an "elitist". Is THIS "sneering" I think so/ THIS FROM A GUY - SOWELL THAT MAKES HIS LIVING DOING "glittering generalities,"
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Thursday, August 21, 2008

Lets store Nuke Waste in Crawford, TX === Excalibur putting in Tex hold-em machines goodby dealers EASY to Cheat. If you are going to play Tex Hold-Em on a machine you can do it from HOME and not pay to play. Easy to cheat Get a partner go to the same table when either of YOU have a good hand let the other know and BOTH RAISE That does 2 things 1. It increases the Pot 2. More players will drop out MY TALK Radio Station - ttp:// Send me an Email =

Tuesday, August 19, 2008

8-19-08 John Smith - wrote a Defense of HIS Defense of the ACLU but the RJ hasn't put it on theie web site yet. Will they? Hope so, but maybe NOT
8-19-08 Doesn't the RJ ever LISTEN? Clinton was talking to NV about being the LEADER in the USA and the WORLD in Solar Energy. "I mean look around," he said. "Maybe what you ought to come out of this conference with is a proposal to have the national government and investors all over America, say, 'Help make us the first completely self-sufficient clean energy state in the United States.' I promise you if you do, it would rock the world."
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Monday, August 18, 2008

Visitor Count = 5,035
8-19-08 Doesn't anyone at the RJ have "good taste"? Should today's Barf, from Dorf really be ON THE FRONT PAGE? Even John Smith defends the ACLU who partners with the RJ.
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Sunday, August 10, 2008

8-10-08 The Sunday Paper came wrapped with a box of Cherrios - the 1 cup size the 23 Grams of Carb Size NOT Good RJ Front Page Lead - Obama McCain In his Weekly - IT IS OK TO BREAK THE LAW

VIN SUPRYNOWICZ: George Bush: Let my people go

There are tens of thousands of Americans serving time -- lots more, if we count those on parole and probation -- who are the

non-violent victims

of the fruitless and counterproductive "War on Drugs," a racist political contrivance which has been ongoing for 70 years and continuing without a shred of constitutional authorization.

They should all be pardoned. Yes, especially the

"dealers," many of whom are

sad sacks

who got talked into trying to improve their financial condition by muling in "one big score."

What Vin calls - unionized tax-funded schoolmarm "SHERMAN FREDERICK: Imagine one tax-free day"
NOT a mention of the War between Georgia and Russia Let's see who - to Vin - "my people" are. They are - Lawbreakers and Dope Dealers. All they did was - BREAK THE LAW and Vin calls them - "non-violent victims" How can they be a "victim" when they CHOOSE to break the law? Dope "Dealers". Are Teachers If he makes over $100,000 a year he doesn't pay His Share into Soc Sec or Medicare
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Thursday, August 07, 2008

The Rich are NOT pulling their share of the load. The RICH only pay into Soc Sec and Medicare on the FIRST $100,000 they earn YOU and I pay ON EVERY CENT WE EARN Why are they exempt? If the Rich paid - like YOU and I do there would be enough $$$$ for BOTH Soc Sec and Medicare TO LAST FOREVER. A LIST of ONLY 42 PAYS $642,600 THEY SHOULD PAY $74,335,131 They SHOULD PAY This year, and every year FOR THE REST OF THEIR LIVES Forbes 500 List ONLY Pay $7,650,000 THEY SHOULD PAY $887,400,000 MY TALK Radio Station - ttp:// Send me an Email =

Monday, August 04, 2008

8-4-08 = HERE IS THE LETTER TO THE EDITOR THAT HSmith wrote that was Misleading, and they the RJ took it out of the archives. So, here it is - I added the Highlighting for EASY Reading. KJ === Hubble Smith’s article from July 26, titled Reverse Mortgage Leaves Borrower Stunned and Stuck, is misleading because he relies on sources who don’t understand how reverse mortgages work.

Mr. Lancaster, the borrower, received a federally-insured reverse mortgage, which enabled him to pay off an existing mortgage of $54,000 and to establish a $60,000 line of credit, which he has used to fund retirement needs.

The property does not,

as the article misstates,

"essentially belong to the lender."

The lender has a lien as in any other loan.

This is no different in a reverse mortgage than in a traditional mortgage.

The balance due on Mr. Lancaster’s loan, $170,000 according to the article, would include the funds advanced to pay-off his prior mortgage, funds drawn down from the line of credit, an upfront mortgage insurance premium paid to HUD, customary and usual closing costs, and an origination fee on the reverse mortgage, plus accrued interest and ongoing mortgage insurance premiums.

Under the FHA-insured federal reverse mortgage program,

while the balance due may be $170,000,

if Mr. Lancaster sells the home,

he will only be responsible for paying back an amount equal to the current market sales price that he is able to obtain, even if that is only $130,000.

The lender would recoup its loss from the Federal Housing Administration (FHA).

That's a benefit of the $2,600 in mortgage insurance premium that he paid to FHA.

The Realtor quoted in the story states that Mr. Lancaster paid interest of $50,000 to $60,000 in just two years, which he labels “insane,” yet the lender who made the loan points out that the interest rate was 5.5%, which amounts to $7,000 a year.

This source is highly misinformed about reverse mortgages. It would be helpful if the reporter would follow-up with knowledgeable individuals who could help analyze the case study presented so the correct facts could be reported.

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Saturday, August 02, 2008

REMEMBER THIS HORRIBLE DRAWING? THE RJ RAN IT IN THEIR Thursday, March 4, 2004 issue and then pulled it from the archives the NEXT DAY. And then, John Kerr said, "HE WAS PROUD THE RJ RAN IT." MY TALK Radio Station - ttp:// Send me an Email =