Was the beginning of the stock market crash.

While significant for the fact that it brought about the Great Depression and the bank runs which led which spread to affect those smart enough or who had not enough money to dabble in the highly leveraged stock market….

But more importantly, the effects of the crash which happened 83 years ago today opened the door for the (not so) thin edge of socialism.

And we live with those effects today.

But it seems that PahPakistan and it’s government is unhappy that we aren’t helping enough with their recovery and relief from their yearly floods.

Even though the US’s contribution is greater than Paahkestans.

Sad that.

Goes unpunished.

While approximately 90% of people have morals and will behave correctly, 10% don’t, and won’t.

Note:
This was from folks who weren’t starving, weren’t desperate, and weren’t under stress. 

What do ya think might happen if they were under stress, were starving, or were desperate?

Some people.

Who are panic buying their Evil Black Rifles, new Glock pistols, High Capacity magazines, assorted AK’s and the tons of ammunition:

YOU IDIOTS WAITED TOO LONG!

You paid way too high a price, significantly more than you would have paid for the same items 6 months ago. If you were wanting any of the above listed items, you should have purchased them 6 months ago (or even earlier) when the prices were lower. You should have had the brains to buy these well BEFORE the election. Panic buying indicates that you have no forethought, and that you couldn’t see that pricing would skyrocket because people would suddenly realize that we might be facing 4 more years of “Hope and Change”. 

I am sure that the merchants at the gunshows appreciate your lack of forethought, and really appreciate the panic you were feeling because you can’t look farther than the end of your nose. I am surprised that you can think far enough ahead to tuck it in before you pull up the zipper.

This happened last election, and the one before that, and the one before that….Likely even before that, but i wasn’t paying attention to such things much earlier than that.

If you feel like you paid a high price for those firearms ammunition or accessories, and it hurts, then maybe you learned something.

Now as soon as your wallet recovers from your lack of foresight, learn enough to go stock up and prepare by buying some food and other supplies BEFORE you need it desperately.

is this.

I am, however, more supportive of using a Louisville Slugger or other type of implement to further express your disgust at someone’s actions at a funeral. But I am like that…direct.

Notice that the cowards never even bothered to show up once the community organized.

I talk with other business owners a lot (I am also a small business owner), and we often discuss the health of our businesses and our plans for dealing with government and changing economic conditions.

One resounding theme of discussion and worry has been ObamaCare (the Affordable HealthCare Act).

On the one hand, it is going to force may of us business owners to hire more people.

On the other hand, we are only going to likely work each employee about 25 hours a week, and hire more people to make up for it. Thing is, none of us are going to be able to pay for ObamaCare. Most of the people we hire are relatively unskilled and they are not paid a great deal of money. They work as unskilled labor in service oriented businesses. Waiters, housekeepers, store shelf stockers, clerks, etc.

Since they are working in jobs for businesses where the profit isn’t high, and the regulations and cost are, many businesses are going to be faced with a choice:

Since anyone who works more than an average of 30 hours a week is considered full time, and is therefore eligible for ObamaCare, and since the cost for ObamaCare is going to be somewhere north of $6K per employee per year, many businesses will choose to hire more people and work all employees for 20-25 hours per week. The current employees, all of whom work 30-40 hours per week currently, will likely see their hours reduced to 20-25.

The other options are to raise prices in an already competitive marketplace, difficult to do…

Or, of course, close the business, putting the employees out of a job.

Most of us see no reason to continue to operate our businesses if we can’t make a profit, and the cost of ObamaCare will likely reduce our profit to near zero, or at least to a level which makes it not worth operating the business. Most of us put in 50+ hours per week operating and managing, and while we aren’t poor, we don’t make as much as others think. For many, the additional costs will put them into the red. For the rest of us, we are all looking at the fact that the risk of operating a business will not be worth the very small profit we might have left after the new costs.

A LOT of people are going to be out of work or making a significantly lower take home paycheck because of this. Especially those working in service type industries.

Unintended Consequences and all that.

There will be an attempt to put in more “Gun Control”….Likely via an “Assault Weapons Ban.

Both candidates agreed that some form of additional gun control would happen.

Again: we have a choice between bad, and worse.

Now the battery maker (A123 Systems), which got a 500 MILLION dollar grant (only a portion of which was used before the feds cut them off) from the US taxpayers, is likely to file for bankruptcy.

How much more “Green” ventures will we have to help finance before we realize that this is pouring money down a rathole?

If the business plans are valid, then there will be plenty of venture capital available for financing these startups. I wouldn’t even have issues with giving them some tax breaks for the first 5 years. But the way these ventures have been managed so quickly into direct failure, enriching only the management group, should be seen as criminal.

A quarter BILLION dollars going towards…what? (Shouldn’t we as investors (albeit unwilling) at least get the salaries back from those folks that supervised the failure? )(Although I’d really prefer to see them jailed for malfeasance)

How many more failures of this type are on the horizon? How much more public money will we see go to waste with no jobs, no infrastructure, and no resulting return?