Saturday, July 30, 2011

Few Suggestion on how Federal Government could save money

1. Legalize all drugs. The cost savings would be huge. We could end the War on Drugs, if you haven’t noticed we have been getting our asses kicked for 40 years in this War. We could empty prisons of Americans there on drug charges,cutting billions from prison costs. The gang wars on Mexican border would stop overnight. More Mexicans would choose to live in Mexico. The government could find some large political contributor, like GE,and let them manufacture and sell drugs within our borders and of course share in the profits. Guess we forgot that prohibition thing did not work to well in the 20s. Best of all a person like myself who is unable to drink alcohol could fire up the bong tonight as I get ready to watch Breaking Bad or Wilfred. Think of the millions of new jobs in our new drug industry as well as rehab industry. Its a gold mine. What are we waiting for?
2.What the fuck are we doing in Afghanistan? Why are we building schools for cavemen who hate us when there are Americans who can not read and teachers who if they can find work cant make a living wage? Have we not read world history? Afghanistan intervention led to the demise of both British and Russian empires,so we figure WTF,lets give it a ago? Its not like we haven’t fucked up everything we have touched in south east asia or the mid east. Making the same mistakes over and over with the same horrid results is either the sign of insanity or an American politician.
3. Make Unions illegal for government employees. This needs no explanation
4.Shut down Fannie and Freddie. Get the government out of the home business and while we are at it end the mortgage deduction for homes.
5. Sell the Post Office to private enterprise.Yeah,this would hurt the important junk mail industry but so be it.
6. Shut down Dept of Education and Commerce
7. Start profiling at Airports and start curtailing TSA.
8.Sell Amtrak to private enterprise
9.Make it illegal to collect pensions from more than one government agency.
10. Stop all foreign travel for Congress.

Friday, July 29, 2011

Amazon

A friend who lives on the other side of Houston wanted me to read a book he had just finished.Two days later I received the book from Amazon. It was used and cost $2,shipping was free because my friend is an Amazon Prime member,as am I. It would have cost each of us $5 in gas and several hours out of our day to meet to exchange the book. It was cheaper to buy it from Amazon and have it delivered. This event keeps intruding into whats left of my alcohol ravaged brain reminding me of the genius that is Bezos and the fact that I sold AMZN at $80 for a $5 profit. Strong stocks get stronger you moron.

Wednesday, July 27, 2011

Democrat Game Plan

1.Blame Bush
2.Blame Tea Party
3.Blame Billionaires
4.Blame Private Jet Owners
5.Blame Bush
6.Blame Supply and Demand
7.Blame the Unfairness of it all
8.Hatred for anyone who has more than you or is more successful than you
9.True Economic prosperity can only be created by Government Investment(freebasing your tax dollars). Say this one over and over 10 times a day,then send it to 35 people you know and it will come true.
10.Only white cracker racists would oppose the incineration of more of their money by the Central Planners
11. There is no Inflation
12. But if there is Inflation it is good.
13. More inflation is better. Inflation is a hidden tax on those who save and used to pay for government schemes, like the con we are pulling on China. Communists are born suckers. In the end our government transfers the wealth of the middle class and the Commies to those in US who have been held back or trampled by Capitalists.
14. Blame Bush
15.Cant we all just get along
16. Republicans want to starve old people,children, and your pets.
as possible.
17. Racist Republicans do not properly inflate their tires
18.Everyone should be able to buy a home,even if they cant fog a mirror.
19.Turbo Tax is hard to use
20. Save us Hillary,but lose the pantsuits.

Please Stop the Noise

Here we go again. Just as with Tarp,the GM bailout,Stimulus 1,2,and 3,as well as QE 1,2,and maybe 3 Obama,Democrats and their lapdog media have to whip us into a panic to sell the notion that to avoid the end of the world we must raise the debt ceiling. They say we must do this to avoid a downgrade but the agencies that would do the downgrading say they want 4 trillion in spending cuts. So why is it we need to raise the Debt ceiling which allows the government to spend more money they don’t have? You see the insanity of the Left’s and Media’s argument. They are saying we must spend more to avoid downgrades which their spending will trigger or are they saying the only way they will accept cuts far out in the future is if we allow them to spend more now?Like petulant children they will scream and yell till they get what they want. They want more spending,less cuts and most important they want credit for any deal done. So how do we stop the 24/7 panic machine of the Left?
It should be obvious with the medias non coverage of Obama’s wars compared to the 24/7mad dog attacks on Bush for his war,that the Media will only accept spending cuts if they come from a Democrat. We all know,no Democrat worth his offshore bank account is gonna cut spending,which in effect lessens the power of a Congressman and his ability to raise personal "funds". Their power is derived from their ability to spend taxpayer money or Bernanke play money and the US tax code. Its why they will never stop spending or reform the tax code. Our only hope is a Manchurian Candidate. A sane fiscally responsible man or woman would have to masquerade as a Democrat ,infiltrate the party,and win the nomination.
Unfortunately by the time our Manchurian Candidate is old enough to run the good ole USA will be Greece. So I suggest Rep.Boehner go to Obama with a deal and agree to call it Obama’s Deal but dont worry the media will call it that anyways,just like they did when Republicans dragged Waskally Willy kicking and screaming to a balanced budget and welfare reform. This is where it gets good,you offer Obama a life time membership to Augusta if he accepts spending cuts. No way he turns that down. Once that is done,start working on the Cypress Point membership that you will need in 6 months when this whole God forsaken mess comes up again.

Monday, May 23, 2011

The Middle

I am so tired of hearing the talking heads preaching how the Republicans need someone who can appeal to the middle. Like Dole,McCain,and Bush? That’s how we got into this mess.
They pretend to pity the Republicans because “those tea party people” are putting pressure on them to be fiscally responsible. In truth any Republican who appeals to the middle will probably continue to drive the US down the “Road to Serfdom”. The middle is the problem,they are mindless lemmings heading for the cliff. They don’t want confrontation or tough choices. The middle favors the status quo. If the Republicans give us another one of these candidates,it will surely be the end of the Republican party and probably the country. We need someone not of the Republican-Democrat spending machine. We need BAchman.

The Wedding Toast

This was the plan,almost got it right but did leave some out as the my memory is not too good in front of 200 people and the tux choking my fat neck.
i would like to thank everyone who has traveled to Dallas for this wonderful occasion and beautiful wedding. Even though Dallas lacks the charm and sophistication of Houston,it is still part of Texas does have the Mavericks, and I hope you all are enjoying it here. This will probably be the most I have talked in the presence of Patty and Martha the past 6 months so excuse me if I am a little nervous.,I found out quick any time I spoke even it if it wasnt with a wedding suggestions, I got icy glares , or just told to go away. As my brother in law Doug MacLeod counselled me the best way to get through this stressful pre marriage period is to shut up,show up,shell out.

I would like to recognize two couples tonight, my parents Bob and Shirley Preston and Jims grandparents Jim and Chris Georgeadis both celebrating their 60 anniversary this year. Jim and Patty this is what its supposed to look like. Both couples are excellent representatives of the greatest generation, Bob and Jim served in the Pacific theater of WW2 and were entrepeneurs who were very successful in the retail and wholesale Oil business. As a side note Jim did not have the advantage of the large child slave labor force my dad had.



Patty and Jim met while in studying abroad in Italy. I can’t think of a more romantic place to meet. I know that included a couple trips to the beatiful Cinque Terra,much wonderful food and wine.
I have no idea what they were studying over there or were you studying.?
Tonight also represents a union of my two favorite states.My home state of Pennsylvania,known for its beautiful countryside, rugged and hardworking residents,the Steelers,wonderful Italian food, horrible winters,crooked politicians mixed with Texas. known for its endless horizons,friendly residents,larger than life characters, frontier spirit,far ants,great Tex Mex and of course crooked polticians.

The moment we met Jim we felt as if he was part of the family. We knew he was the guy for Patty when while hiking in Sedona he saved our family from a horde of wild javelinas by screaming a popular 4 letter profanity while running very fast in the opposite direction.

Jim has also become sorta of legend in the Dallas investment community by not only becoming one of youngest VPs in his firm but also one of the shortest in duration.



When Patty was in college she would call us before and after every test freaking out. I am going to fail or I did fail. The result was 4 years of straight As. Jim, these grades do not come from my side of the family. Unfortunately this has carried over into her job,and now we get the same calls a couple times a week about how she is failing at her job, she is gonna be fired
Jim it is now your duty to bring Patty down from the ledge each week . she is all yours now Jim. These calls now go to you,we wont be taking them anymore.
Jim as you and your family discovered very early Patty is unable to drink and wear high heels shoes. She becomes very wobbly and ultimately falls down. This does come from my side of the familly. Because of this I instituted the rule,after two drinks Patty must either be barefoot or stop drinking. I suggest you enforce this rule.

Through this marriage you are also related to the worst backseat drive in the world, Pattys twin sister Sara. Have fun with that one.




Jim, a good friend gave me some sound advice in the early troubled days of my marriage.He told me all I had to do to have a happy marriage was remember 4 things. Come home bearing gifts on Valentines Day,Birthday, Mothers day,and today your anniversary. So far,it has worked. And I would like to add do not gamble against your wife on the golf course and never let your wife watch you gamble in Las Vegas. Neither ends well. But no matter how much you have to give in on things,never let the TV remote out of your control, thats the last shred of dignity we have left.

Patty and Jim,the best advice I can give is always talk with each other, always eat dinner together,dont keep score ,dont be afraid to tell your partner what you think,dont be afraid to get mad at each other,dont be afraid to give in and whatever you do,dont drink black russians..

Lastly Patty and Jim, when in doubt take deep breaths and repeat the mantra of the great Frank Kastanza. serenity now

Monday, May 16, 2011

Deja Vu all over again?

Checked into the Stoneliegh Hotel in Dallas for my daughter Patty’s wedding. We are here for a week. Internet access still sucks. Last time I spent a week in this hotel was after Hurricane Ike hit Houston. We stayed here till our power came back. That was also the week the market got murdered. I remember following Joe Donohue,Upsidetrader,tweets. He was short the world and as the market collapsed he pressed his bets. It was indeed impressive. I would try to make the occasional dip buy and then lose my internet connection,only to find out by watching the TV or calling my broker I had had my head crushed in. Then when my internet would come back I would see Joe had shorted where I had bought. It was a painful day in learning you don’t fight the flow,you make the market your friend. If the wind is in your face all you have to do is turn around and its at your back. I love shorting but am long various stocks long term so I am hoping this isn’t a repeat of that black week a few years ago. Whatever happens I am going to follow what Joe does this time.
On another note it really sucks NFLX chooses to implode the day I am out of the office. I knew at some time my cancellation of NFLX subscription would be too much for the stock to handle.