Our Wasteful Government http://nacoral.com Government waste and failures Tue, 10 Jun 2008 13:52:16 +0000 http://wordpress.org/?v=2.3.1 en Some Ohio Counties Asked to Not Change Property Values http://nacoral.com/2008/06/10/some-ohio-counties-asked-to-not-change-property-values/ http://nacoral.com/2008/06/10/some-ohio-counties-asked-to-not-change-property-values/#comments Tue, 10 Jun 2008 13:52:16 +0000 Bill http://nacoral.com/2008/06/10/some-ohio-counties-asked-to-not-change-property-values/ Ohio is one of those states that relies heavily on property taxes to fuel its ever bulging budget.  So it comes as no surprise that the State of Ohio is concerned that the recent downturn in the economy is going to cut into their revenue.

On a whole, property values in my city have taken a huge hit.  Homes on the market for $200,000 ultimately have sold for $170,000.  And the wait to sell is extremely long.  The house across the street from my residence sold after being on the market for nine months, and it too was sold at an extremely discounted price.
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]]> http://nacoral.com/2008/06/10/some-ohio-counties-asked-to-not-change-property-values/feed/ Largest Unemployment Rate Increase in 20 Years http://nacoral.com/2008/06/06/largest-unemployment-rate-increase-in-20-years/ http://nacoral.com/2008/06/06/largest-unemployment-rate-increase-in-20-years/#comments Fri, 06 Jun 2008 16:24:19 +0000 Bill http://nacoral.com/2008/06/06/largest-unemployment-rate-increase-in-20-years/ Stretched to the point of breaking, many American citizens are coping with high fuel and food prices at a time that their largest investments (their homes) are shrinking in value.  Adding to this already stoked fire is the poor employment conditions.

Today, Government released statistics show that the unemployment rate rose from 5% in April to a whopping 5.5% in May.  This is the largest increase in unemployment since 1986.  In the month of May, employers cut 49,000 jobs.  So far this year, the United States of America has shed 324,000 jobs. (more…)

]]> http://nacoral.com/2008/06/06/largest-unemployment-rate-increase-in-20-years/feed/ Gas Prices Exceed $4 a Gallon http://nacoral.com/2008/05/23/gas-prices-exceed-4-a-gallon/ http://nacoral.com/2008/05/23/gas-prices-exceed-4-a-gallon/#comments Fri, 23 May 2008 16:30:29 +0000 Bill http://nacoral.com/2008/05/23/gas-prices-exceed-4-a-gallon/ With Memorial Day weekend just about to start, consumers are shocked to find that gasoline prices have risen to over $4 a gallon for regular unleaded fuel.

It was just two and a half months ago when President Bush was shocked to learn gas may top $4 a gallon this summer.  Click here to view more details (includes the video interview).

It’s truly sad that the President of the greatest country in the world was shocked by a reporter who had suggested fuel prices would reach $4 a gallon.  With the use of our tax dollars, the President has many advisers and agencies at his disposal.  Even with all this talent and staff, the President had no clue to what was going on with fuel prices.

As gasoline prices continue to increase, I suspect we will see a greater focus on the President’s blunder regarding fuel prices.  Some “spoofs” on the President’s lack of insight are already popping up across the Internet. (more…)

]]> http://nacoral.com/2008/05/23/gas-prices-exceed-4-a-gallon/feed/ The Great Economic Disconnect http://nacoral.com/2008/04/01/the-great-economic-disconnect/ http://nacoral.com/2008/04/01/the-great-economic-disconnect/#comments Tue, 01 Apr 2008 21:08:37 +0000 Bill http://nacoral.com/2008/04/01/the-great-economic-disconnect/ It was another exciting day on Wall Street.  The Dow gained just under 400 points on beliefs that the United States economy had already hit rock bottom.

If you look at today’s headlines, you will notice that the news was far from encouraging.  Some of the headlines include:

Automakers see Sales Fall in March
Truckers Protest High Fuel Prices
European Banks See $23 Billion Sub-Prime Hit
Construction Spending Falls Again in February
Congress Questions Big Oil’s Profits
Food Price Hikes Changing Eating Habits
Manufacturing Activity Contracted in March (more…)

]]> http://nacoral.com/2008/04/01/the-great-economic-disconnect/feed/ More Financial Warnings About Entitlement Programs http://nacoral.com/2008/03/25/more-financial-warnings-about-entitlement-programs/ http://nacoral.com/2008/03/25/more-financial-warnings-about-entitlement-programs/#comments Wed, 26 Mar 2008 02:39:37 +0000 Bill http://nacoral.com/2008/03/25/more-financial-warnings-about-entitlement-programs/ For decades, elected officials have turned a blind eye to the problems facing Medicare and Social Security.  A new report released today tells just how dire the situation is.

First, let’s get one thing straight.  The media’s use of “entitlement program,” when describing Medicare and Social Security, at times leaves a hint that these are taxpayer giveaways.  Taxpayers paid into these systems with the belief it would be there when they needed it.  The reality is that decades of failed government were spending this money like a drunken sailor in a bar while on shore leave. (more…)

]]> http://nacoral.com/2008/03/25/more-financial-warnings-about-entitlement-programs/feed/ Investment Bank Bear Stearns to be Aquired by JP Morgan for Two Dollars a Share http://nacoral.com/2008/03/17/investment-bank-bear-stearns-to-be-aquired-by-jp-morgan-for-two-dollars-a-share/ http://nacoral.com/2008/03/17/investment-bank-bear-stearns-to-be-aquired-by-jp-morgan-for-two-dollars-a-share/#comments Mon, 17 Mar 2008 16:52:25 +0000 Bill http://nacoral.com/2008/03/17/investment-bank-bear-stearns-to-be-aquired-by-jp-morgan-for-two-dollars-a-share/ It’s offical.  The powerhouse investment bank Bear Stearns has imploded and will be acquired by JP Morgan.  This last minute buyout, avoided a bankruptcy filing by Bear Stearns.

Just last Friday, Bear Stearns stock was valued at $30 per share.  Today, JP Morgan will pick up this battered investment banking company for just $2 a share.  Both JP Morgan and Bear Stearns have approved the deal.  Additionally, the US Government also quickly signed off on the sale.  All that is left to complete the buyout is shareholder approval.  About 1/3 of the Bear Stearns company stock is held by over 14,000 Bear Stearns employees. (more…)

]]> http://nacoral.com/2008/03/17/investment-bank-bear-stearns-to-be-aquired-by-jp-morgan-for-two-dollars-a-share/feed/ Bush Administration Will Do What it Takes To Stabalize Economy http://nacoral.com/2008/03/16/bush-administration-will-do-what-it-takes-to-stabalize-economy/ http://nacoral.com/2008/03/16/bush-administration-will-do-what-it-takes-to-stabalize-economy/#comments Sun, 16 Mar 2008 20:45:42 +0000 Bill http://nacoral.com/2008/03/16/bush-administration-will-do-what-it-takes-to-stabalize-economy/ As we get closer to the general election, time is quickly running out for President Bush to secure his place in history.  Besides a controversial war, now the President may well be know for destroying the US economy.

On Monday, President Bush will meet with his advisers on financial markets.  Let’s hope they start giving him better advice then they have over his entire Presidential term.  As it stands now, the US economy is in extremely horrible shape and at risk of a full blown economic depression. (more…)

]]> http://nacoral.com/2008/03/16/bush-administration-will-do-what-it-takes-to-stabalize-economy/feed/ Federal Government Rushes to Bail Out Bear Stearns http://nacoral.com/2008/03/14/federal-government-rushes-to-bail-out-bear-stearns/ http://nacoral.com/2008/03/14/federal-government-rushes-to-bail-out-bear-stearns/#comments Fri, 14 Mar 2008 16:33:15 +0000 Bill http://nacoral.com/2008/03/14/federal-government-rushes-to-bail-out-bear-stearns/ While thousands of families in the United States are losing their homes and being left in the cold, the Federal Government is rushing to bail out the investment company Bear Stearns.

It’s quite clear where the government’s priorities are.  Ineffective programs created by the Federal Government are simply smoke screens to make it appear they are trying to help struggling homeowners.  While these homeowners lose their homes, Feds are opening up their wallets to prop up the same investment companies that profited from shattering the American dream of home ownership. (more…)

]]> http://nacoral.com/2008/03/14/federal-government-rushes-to-bail-out-bear-stearns/feed/ Ashley Alexandra Dupré Blog Reveals Life of Hooker That Cost New York Governor His Job http://nacoral.com/2008/03/13/ashley-alexandra-dupre-blog-reveals-life-of-hooker-that-cost-new-york-governor-his-job/ http://nacoral.com/2008/03/13/ashley-alexandra-dupre-blog-reveals-life-of-hooker-that-cost-new-york-governor-his-job/#comments Thu, 13 Mar 2008 15:08:55 +0000 Bill http://nacoral.com/2008/03/13/ashley-alexandra-dupre-blog-reveals-life-of-hooker-that-cost-new-york-governor-his-job/ There has been a lot of buzz going around about the high paid prostitute that cost New York Governor Eliot Spitzer his job.  This woman has been identified as Ashley Alexandra Dupré.

What is interesting about this situation is that Ashley Dupré has a Myspace blog.  Peaking into the life of this high paid prostitute indicates that she came from a broken home and has a callous spirit, likely caused by a life of difficult times. (more…)

]]> http://nacoral.com/2008/03/13/ashley-alexandra-dupre-blog-reveals-life-of-hooker-that-cost-new-york-governor-his-job/feed/ New York Governor Eliot Spitzer Resigns http://nacoral.com/2008/03/12/new-york-governor-eliot-spitzer-resigns/ http://nacoral.com/2008/03/12/new-york-governor-eliot-spitzer-resigns/#comments