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Roger O'Daniel's Blog (167)

Obama's ISIS Strategy is Unraveling

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Added by Roger O'Daniel on September 12, 2014 at 5:30pm — 1 Comment

Tax-inflicted Corporate Behavior

Corporations exist only because the law allows them to exist.  They are a piece of legal fiction created by the State of incorporation.  They are not real persons.

Corporations do not pay taxes . . . they collect taxes for government entities (not by choice).  Their customers pay their primary tax burden through higher prices for their economic output.  Their shareholders pay what remains.  Ditto for:

  1. The corporate share of employee…

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Added by Roger O'Daniel on September 9, 2014 at 9:01pm — 22 Comments

Pentagon Ponders ISIS (or ISIL), Ukraine, and now Estonia

The Pentagon is considering a difficult balancing act with its financial budget and resource constraints.  It must:

  1. Cope with all the festering crises (China, Ukraine, Iraq, Syria, Iran, Somalia, Congo, Palestine, Gaza, etc.),
  2. Support the President (their Commander in Chief),
  3. Struggle to pay their bills,
  4. Figure out a way to budget in face of sequestration, and
  5. Live within the political constraints of the US Congress.

One reporter…

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Added by Roger O'Daniel on September 8, 2014 at 3:14pm — 13 Comments

The Case against Common Core

There is compelling evidence that Americans have been and are continuing to fall behind other developed nations in core academic subjects, especially in mathematics, science, reading skills and language arts.  U.S. Students tested…

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Added by Roger O'Daniel on September 5, 2014 at 7:00am — 17 Comments

Here Come the Money Helicopters

Do you remember the motion picture “Avita”?  One scene showed her throwing Argentina paper currency out the window as her passenger train passed near small villages.  Picture with me now a high-tech version of this political maneuver using money helicopters.  Of course, that is too obvious to escape the notice of the American voter.  Bill Bonner, author of the “Diary of a Rogue Economist,” explains the subtler version below.  Here is a link to his bio for those interested.  Reproduced with…

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Added by Roger O'Daniel on August 29, 2014 at 3:30pm — 2 Comments

How Should We Reach Out to "low-information Voters?

A low-information voter reveals their identity by their questions and expectations.  Here is a sample.  What is an “economy” and how does it affect me personally?  Why is everything I need to live on going up all the time when my earnings cannot keep up?  Who is responsible for what is happening to me and my family?  Why are…

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Added by Roger O'Daniel on July 30, 2014 at 11:30pm — 4 Comments

Prepare for Hormegeddon

What happens when you have too much of a good thing in a public-policy context?  Bill Bonner, Chair of Bonner and Partners, is author of a newsletter titled “Diary of a Rogue Economist.” The following is the content of his latest newsletter. It tried to answer the above question. Content is posted with his permission. Here is a link to his bio for those interested.…

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Added by Roger O'Daniel on July 26, 2014 at 1:00pm — 22 Comments

Those Pesky Internet Financial Publishers

Have you “had enough” from these prophets of gloom and doom filling your e-mail in-basket?  Here is a sample of their predictions:

  1. That stupid tax law starts July 1st.  It will crash the US dollar.  Buy gold and silver while you still…

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Added by Roger O'Daniel on June 26, 2014 at 3:56pm — 1 Comment

About Oaths of Office and Enlistment

Friday, May 30, my grandson officially received his Reserve Commission as a Second Lieutenant in the US Air Force. He swore the following oath before a Commissioned Officer before receiving his golden Lieutenant bars from his parents:

I, (Full Name) having been appointed a Second Lieutenant in the United States Air…

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Added by Roger O'Daniel on June 3, 2014 at 3:00pm — 21 Comments

US Air Force Readiness is in Peril

This afternoon (May 20, 2014), I participated in a conference call presented by a high-ranking military source.  He has in-depth knowledge about modernization of Air Force programs worth more than $40 billion annually.

He began with a commentary about the lawsuit with Space-x over a launch rocket contract.  The US Air Force awarded a multi-year contract to a competitor instead of an annual contract.  It was a “block buy” for 30 launchers that saved the Air Force about $2 billion.  The…

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Added by Roger O'Daniel on May 20, 2014 at 8:30pm — 15 Comments

Mission of Mercy by the US Air Force

The US Military is not just about warfare.  These people also do great things to help others in life-threatening situations.  Here are a few examples:

Our US Navy docked an aircraft carrier in Indonesia when the tsunami devastated their coastline…

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Added by Roger O'Daniel on May 13, 2014 at 12:30pm — 15 Comments

About Public Education

When someone attacked a conservative-minded educator on a public forum, I had enough.  They all got an eyeful from me.  If you wish to do the same, feel free to copy and share.

I am not an education theorist, expert practitioner, professional teacher or administrator, candidate for any of the above, lawyer, or political scientist.  I am a parent, grandparent, and now a great grandparent with white hair and fuzzy ears who listens, reads, observes,…

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Added by Roger O'Daniel on May 2, 2014 at 1:38pm — No Comments

The US Stock Market - Investors Be Wary

Recently stock market sleuths are taking a close look at ways the “big money” investors are behaving in the stock market.  The FBI is joining them with a (now public) multi-year investigation into computer-assisted stock market trading practices.  They are focusing on a class of financial instruments nicknamed “derivatives”, “option calls”, “futures contracts”, “Puts” and “Calls”, “hedge…

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Added by Roger O'Daniel on April 28, 2014 at 4:30pm — 6 Comments

Is a Financial Market Crash Imminent?

William Bonner and Addison Wiggin are a combination economics and financial professionals.  They have been studying the United States financial landscape for about the last 20 years from an economics perspective.  I have been reading about their opinion of the rise and fall of an epic financial bubble that is about to…

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Added by Roger O'Daniel on April 25, 2014 at 11:30pm — 2 Comments

Obama's Post American World

I dearly wish that our political celebrities would combine their observations with insight and season them liberally with understanding.  I also wish that…

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Added by Roger O'Daniel on April 15, 2014 at 1:30pm — 26 Comments

US Economics and Finance through (fictional) Foreign Eyes

Thank you for coming to this meeting on such short notice.  We are especially grateful to Fu Ling U from China and Schneider Von Dipstick from Germany for their long journey here.

First, it is difficult to wrap our minds around the hugeness of the US dollar numbers we are dealing with.  Perhaps this example will give you a feel for…

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Added by Roger O'Daniel on March 4, 2014 at 1:45pm — 17 Comments

Oil Industry Primer for Newbies

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Added by Roger O'Daniel on March 1, 2014 at 4:30pm — No Comments

Oil Religion and Politics Updated

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Added by Roger O'Daniel on February 20, 2014 at 6:00pm — No Comments

U.S. Air Force Flight to Weakness Updated

Michael Dunn is a retired US Air Force Lt. General, former CEO of the Air Force Association.  Jack David is a senior fellow of the Hudson Institute and was a deputy assistant secretary of defense in the George W. Bush administration.  Together, they published an article in the Wall Street Journal.  The following link requires a subscription to their on-line edition, so it only works for subscribers with a valid…

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Added by Roger O'Daniel on February 16, 2014 at 4:00pm — 28 Comments

A Citizen Indicts Federal Politicians

“During the last 25 years, you spent money we do not have on federal programs we do not need.  Every year you promised the American people that your number 1 priority is to cut spending and balance the federal budget.  Despite these promises, the federal budget continues to grow.…

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Added by Roger O'Daniel on February 12, 2014 at 4:30pm — 1 Comment

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