An Interpretation of the Government Shutdown.

English: Ted Cruz at the Republican Leadership...If I understand the popular account of the Teaparty’s role in the recent fiscal disaster, The fight the GOP could have won is the debt ceiling debate. Focusing on Obamacare, and letting Harry Reid close the government, provided a distraction from the failure of the Obamacare role out.

Ted Cruz long speech on Obamacare, some how held up negotiations. Yet Harry Reid conducted the real filibuster by holding up the House CR until the last minute. Harry Reid did what he does best. Nothing. MSM focused on the evil Cruz and the evil Teaparty. But does anyone believe that would have been any different. Cruz and the Teaparty will always be the cause of all evil. Cruz efforts did put Obamacare in the public spotlight. They had to provide some coverage of the failure even if it was minimal. I heard more coverage of Hollywood “news” in the last two weeks. I credit Cruz and the Teaparty with forcing at least some coverage of the failure.  Continue reading

Pay 16 Taxes

Modified from 16 tons

Some people say a man is made outta mud
Teaparty man’s made from trials and blood
Trials and blood and skin and bones
A wallet that’s a-weak and a mind that’s strong

You pay sixteen taxes, what do you get
Another day older, trillion deeper in debt
Saint Peter don’t you call me ’cause I can’t go
I owe my soul to the government dole
Continue reading

Who is getting new access to health insurance through Obamacare?

White House celebrates healthcare bill passage

White House celebrates healthcare bill passage (Photo credit: Wikipedia)

Allegedly, when Secretary Sebelius was sizing the software for Obamacare exchanges, she was planning on serving six or seven million through the Obamacare exchanges, during the first open season.  Yet when Obamacare was being sold, and even now when it is being justified, the goal given is to make sure everyone is insured.  It appears to be designed to fall far short of this goal.

We are being told the number of uninsured in the country is far above that, 30 million.  I have a vague, perhaps faulty, recollection that when Obama (Pelosi?) Care was being created, that number was given as 50 million.   Regardless, the planned number of newly insured is less than 1/4 of the total.

Continue reading

Historic S&P 500 Price to Earnings Ratio

S&P 500 P/E ratio from

One of the metrics I use when looking at stocks it the price to earning ratio.  I think of it as an indication of the rate of return on an investment.  This is not entirely true. Other characteristic  also affect the future behavior as future expectations of earnings also play a role, and trust in the management etc. Dividends provide a more sure income. Continue reading