Change or Change ??

I borrowed this from the Chicago Tribune this morning.

Mervi

I have found the reason for the wonderful drop in the price of a gallon of gas!

"Since July this year, crude oil prices have fallen from $147 to $64 a barrel. Similarly, average gasoline prices have fallen from over $4 to a national average of $2.69 a gallon. When crude oil and gasoline were reaching their historical highs, Congress and other wackoeconomists blamed it on greedy oil company CEOs in their lust for obscene profits. But what explains today's lower prices? The only answer, consistent with wackonomic theory, is easy: Oil company CEOs have lost their lust for obscene profits. Or, maybe, since many of these CEOs are getting up in years, they might have begun to heed Matthew's warning (19:24), "It is easier for a camel to go through the eye of a needle than for a rich man to enter into the kingdom of God."

This the location of this wonderful economics explanation;
http://townhall.com/columnists/WalterEWilliams/2008/10/29/wackonomics

Mervi

Yes, I feel this out of place!!

Something a little lighter today.

One night a burglar broke into a home.
“Jesus is watching,” said a voice. He stood very still.
Once more he heard, “Jesus is watching.”
As he walked into the den area he saw a large Parrot in his cage.
“Jesus is watching,” was all the parrot would say.
The burglar was about to laugh, as he asked the parrot,
“What is you name?”
“Theophilus,” was the parrot’s replay.
The burglar, by this time was about ready to crack up laughing.
When he asked to parrot, “Who would give a parrot a name like that?”

The same one who would name a ROTTWEILER Jesus!”

Redistribution of wealth

A friend sent this to me in an e-mail. I thought it has a good point, so I will pass it along.

"In a local restaurant my server had on a "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 who 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 as I've decided he could use the money more. The homeless guy was grateful. At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more. I guess redistribution of wealth is an easier thing to swallow in concept than in practical application."

Mervi

Mr. Obama and somthing to think about.

Look at just a few of the things he and congressional Democrats have in mind: Higher taxes on successful entrepreneurs (anyone earning over $250,000), higher taxes on capital gains, higher taxes on dividends, a possible raid on Americans' 401(k)s, a takeover of America's private health care industry, strict new limits on what CEOs can make, and the reimposition of the death tax.
Add it up, and Obama will usher in a new era in America — one where capital, the engine of our economic growth and success, is punished severely through the tax code. If Democrats win a filibuster-proof majority in Congress, it'll be the only form of capital punishment their party will support.

Here is the link to the complete article In the Investors Business Daily:
http://www.ibdeditorials.com/IBDArticles.aspx?id=309739070026963

To each, have a great Sunday;
Mervi

One more headache

Has this election cycle give you this kind of a headache?

Mervi