Archive for October, 2008

Uncle-fied

Friday, October 31st, 2008

I’m proud to announce the newest addition to the Aimonetti family. Brosef Jeffrey and Steffi have a new son, Leon Jeffrey Michael! He was born this morning, weighed 8 lbs 8 oz, and was 21 inches in length. He, Mom, and Dad are all doing wonderful! Very exciting to have the first nephew aboard.

See the first pictures at my flickr page.

Education vs Schooling

Friday, October 31st, 2008

It is hard to question the value of public schools. The premise, a free education to enable children to lift themselves up and be productive members of society, is certainly hard to argue against. And yet, we see public schools failing, some quite miserably, to produce competent young adults. Solutions proposed, like “No Child Left Behind” are equally hard to argue against. How can a politician vote against such a proposition? And yet we have seen a good deal of backlash from teachers and administrators as to the decrease in quality learning that students have received.

Despite all the “work” put into public education, public schools are not producing the intellectual citizens hoped for and desired. So we need to question deeper. I was given an article today that takes a deeper look at public education and provides some refreshing insight. The author, John Taylor Gatto, questions the premises of public education and finds that, not only are they ineffective, but designed to be so.

Read with an open mind and see if the content jives with you. At the very least, we need to examine so many of the governmental institutions put in place in the last century that we take as necessary, and public education is certainly one of those institutions that will generally be disregarded in that discussion. The Federal Reserve, the IRS, Homeland Security, and more are easier targets because they have a negative impact on our society. Public education is generally perceived as a net positive for society, and thus tends to be exempt from discussion on its needed existence.

Obama’s Wealth Redistribution In Action!

Monday, October 27th, 2008

From a mailing list:

Today on my way to lunch, I passed a homeless guy with a sign that read, Vote Obama; I need the money.” I laughed.

Once in the restaurant, I noticed my server had on an “Obama 08″ tie. Again I laughed as he had given away his political preference — just imagine the coincidence!

When the bill came, I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept.

He stood there in disbelief while I told him that I was going to redistribute his tip to someone whom I deemed more in need — the homeless guy outside.

The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the server inside, who, I decided, did not need the money as much as the homeless guy. The homeless guy was most grateful!

At the end of my rather unscientific redistribution experiment, I realized the homeless guy was very grateful for the money although he did not earn it. And the waiter was pretty angry that I gave away the money he did earn, even though the actual recipient deserved the money more.

I guess redistribution of wealth is an easier thing to swallow in concept than in practical application. Or is it? Redistribution of someone else’s wealth is a great idea — or just a fool’s game?

It seems like there should be a market for all those Obama supporters to bind together into a group fund that then they can redistribute their wealth by choice, and not force others that don’t agree with the method of redistribution. Oh wait, there are…they’re called charities and non-profits. No need for the government there! If only…

Important Ideas

Monday, October 20th, 2008
  • You cannot help the poor, by destroying the rich.
  • You cannot strengthen the weak, by weakening the strong.
  • You cannot bring about prosperity, by discouraging thrift.
  • You cannot lift the wage earner up, by pulling the wage payer down.
  • You cannot further the brotherhood of man, by inciting class hatred.
  • You cannot build character and courage, by taking away people’s initiative and independence.
  • You cannot help people permanently, by doing for them what they could and should, do for themselves.

To whom are these attributed to? None other than Abraham Lincoln. Sad that after all these years, our politicians haven’t learned these lessons, and our citizenry hasn’t elected politicians that do get it.

Get rid of the Fed

Friday, October 3rd, 2008

Regarding the VP “Debate”: Overall, Palin didn’t suck. Biden was good. Neither was very impressive. I would have liked to have seen a third party VP candidate up there to actually talk substance.

That said, why will no one acknowledge that the Federal Reserve is directly responsible for the financial meltdown?

The monetary supply was increased by the Federal Reserve and loaned that increase to firms on Wall Street at low interest rates. There was no call from the market for an increase, there was no market influence on the interest rate. Other than Ben Bernanke, can anyone name someone else on the Federal Reserve board? Can anyone remember voting for Bernanke to replace Greenspan? So, we have a board with no tangible oversight determining the monetary supply and interest rates.

With all this cheap money to be had, and with the nature of Wall Street to make money, it is only natural (good or bad is subjective) for the financial industry to take the money and do something with it. The cliche “kid in a candy store” is so fitting because we are seeing the tummy ache of too much candy. Do you blame the kid for getting the tummy ache? Sure, there has to be personal responsibility. The kid has to learn a lesson. But what about the parent who let the kid run wild in the store? If you gave a kid $500 and let them loose, don’t you think they’d most likely buy candy and not something more nutritious?

So the Wall Street folks took the artificially low-interest money and went nuts. How did the kid get the $500? It was given to him for essentially free. Now, what if the kid had had to work hard to earn $20, perhaps by mowing the lawn or some other chore. Wouldn’t they be more likely to purchase something of value instead of some candy? The same with Wall Street. Given sound money, investments would be more prudent, and investors would not be buying debt-backed investments at such ravenous rates.

The Federal Reserve is ultimately to blame for the mal-investments. By corrupting the free market with cheap money, investors binged on candy and now have a tummy ache. The bailout will be another handout, and another tummy ache (or worse) later down the road. Sure, those investors that lost their scruples will need to pay, to be hurt by the collapse. In that way, the market becomes stronger. If the Federal Reserve continues to inflate the money supply, we will see more bubbles (remember, this “housing” bubble was preceded by the tech bubble, which also was fed by artificially low interest rates).

Let’s take a look at some other numbers.

The 2008 fiscal year ended Sept 30th. On that day, the Federal Debt was $10,024,724,896,912.49. $10 trillion dollars. In 1913, when the Federal Reserve was spawned into being, the Federal Debt was $2.916 billion. Almost a 3,500 times increase.

The national debt grew by $1,017.1 billion this year (2008), the first time the debt has grown by over $1 trillion dollars. The rancid cherry is that since Sept. 15th of this year, the debt increased $390.6 billion. In 15 days! 40% of the year’s debt in 15 days? Sounds like Sec. Paulson and Bernanke have assured the next few generations an uphill battle to solvency.

The $700 billion bailout will not stem the tide. It will not turn the ship. It will do nothing but exacerbate the problem. The silver lining, so far, is that the citizens of this country pressured the House enough to get a ‘No’ vote on the initial bailout bill. The Senate has passed a turd of a bill that includes the $700 billion bailout, as well as over $150 billion in tax breaks. So they want to take $700 billion and remove another $150 billion from the tax revenue. Doesn’t that seem odd? Anyway, if Americans are ever to take their country back, a doubling, tripling, even a quadrupling of efforts is needed to ensure the bill does not pass the House.

Now, there are those Congressmen that know the bailout is bad news for the taxpayer, but they can’t get help but feel like they need to do something. Here’s how you can help them do something. When you call, fax, and email them, everyday, you can mention that they should support three bills: HR 2755 (Federal Reserve Board Abolition Act), HR 2756 (Honest Money Act), and HR 4683 (Free Competition in Currency Act). These three bills will help the economy recover in a more timely manner and with more lasting changes that will discourage this scenario from playing out again.

To those Congressmen that voted ‘yes’ on the initial bailout, they must reverse their votes or else be run out of town. To those that voted ‘no’ initially, encourage them, thank them, and require them to stay true to that ‘no’ vote.