Tag Archives: Kerry

THE GREAT UNDECIDER

President Bush’s policy for the Mid-East was opposed by a lot of people. No one is opposed to Obama’s Mid-East policy because no one knows what it is. Now if John Kerry were president, we would know what America’s Mid-East policy would be. It would be exactly whatever the United Nations said it should be.

And on Libya, John Kerry again shows his leadership skill. Unlike Obama, who is still waiting for advice from his advisors, Kerry already has a plan. Kerry’s plan is to prepare to do something, but not to do it now. He says we must be ready to act, ready to do something in case Qaddafi does something really bad.

And then, there is Mrs. Clinton, our Secretary of State. She speaks as the voice of the most powerful nation on earth. Her stern message to all parties in the dispute is – ‘Stop It’! Nothing could be clearer than that. To show the U.S. really means it, rest assured the Secretary will continue to command all parties to Stop It, until the violence is finally over, however long that may take.

Meanwhile, the Saudi’s are getting over $100 for every barrel of oil pumped from under the sand. At least someone is benefitting from America’s foreign policy.

TAXES HAVE CONSEQUENCES

Rational Expectations

John Kerry docks his yacht in Rhode Island where taxes are lower rather than in Boston Harbor which would be a little more convenient. Kerry isn’t the only one, you can be sure of that. Rhode Island gets more revenue because their tax rate is lower. Massachusetts gets less revenue because their tax rate is higher.

Do not be critical of John Kerry for moving his boat, excuse me, his yacht. It was the smart thing to do. You and I would do the same if we had a yacht, in my case it would be a boat.

This is but one example illustrating why a 10% increase in tax rates does not produce a 10% increase in revenue. People have alternatives. Economists have a name for it. They call it the law of “Rational Expectations”.

Debt and Taxes
California and New York are two of the states in the nation with the weakest balance sheets.
California and New York are two of the states in the nation with the highest rates of taxation.
This is not a coincidence.
Bob B