This That and the Other

1.  I think the Mounties stumbled against LSU because they were looking passed the Tigers to Bowling Green!

2.  For the last two weeks I have seen nothing but negative ads in the governor’s race.

3.  What happened to moderate Democrats and moderate Republicans?  Are there still any left?

4.  With the advent of movies streaming into our homes, why is Hollywood not making more good movies?  It still seems like there are only a couple of dozen good ones each year.

5.  The economy won’t get better until the gold bubble bursts.

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What Norfolk State Win Means

Believe it or not, the 12-10 score and the half and the 55 point win is probably a very positive thing.  Every season there is a highly ranked team that stinks up the first half against a light weight opponent then blows them out in the second half.  Check it out.  Always happens.  The fact that the team can “muscle up” in the second half is very telling about the ability of the team to play once circumstances force it to “focus.”

So, although puzzling I think the Norfolk State win is perfectly OK.  Don’t write the Mountaineers off.

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How Can Government Create Jobs??

That seems to be the desperately “big” question these days, and rightly so.  There is a great deal of pain in the country because of unemployment.  The politicians are trying to create jobs but so far nothing has worked to reduce the pain of unemployment.  Here is one way to look at it:

1.  The Democrats seem to favor using tax dollars to “create jobs.”  That is somewhat of a misnomer since the dollars don’t really create jobs but rather provide funds for projects intended to create or “save” jobs.  The “prime the pump” approach.

2.  The Republicans prefer to just cut taxes and assume the private sector will use those savings to “create jobs.”  Problem with that is that the jobs may not be created in America.

3.  Consider this:  Change the tax code to provide that a taxpayer gets a tax CREDIT for $60,000 for every job created in America with a salary of $40,000 and benefits (health insurance and pension).  Now, a company or individually who is staring at his or its tax return which shows a tax obligation of, let’s say, $150,000 would need to say to himself “Well, I can either send a check to Washington or I can create two new jobs and only send Washington $30,000.”  Wonder what will happen?  I think new jobs will get created.  And remember the $40,000 salary generates withholding tax to the state and federal government along with withholding for social security and unemployment benefits.  (There would need to be severe penalties for those jokers who turn to their pal and say you hire me, I’ll do nothing and I’ll hire you and you do nothing and we both save tax dollars.  But the smart guys on capitol hill can write tough regulations that make this hard to do.)

With one tax bill the government could well “create” lots of jobs.  Well, actually, the private sector would be creating the jobs assuming they would rather have the productive services of an employee as opposed to sending money to Washington.  (The credit could be even higher if the state authorizes the same credit.)

This might just work.  Nothing else seems to have so far.


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