When will things get better?
Forgive me, but I have misplaced my optimism. I’m sure it’s somewhere, because it has stood me in good stead for these many years: Boost don’t knock...Keep your sunny side up.
For sure, my Aquia Harbour is a great place in a fine county in a great state.
Yet, my recent columns have had a grouchy feel. From dissing the merit pay idea for county supervisors to grousing about tax cheats, I may be getting codgery. That’s how Susan Stimson , in a recent letter to the editor, described my stuff. The Stafford GOP Committee leader claimed my published account of that recent Gingrich dinner she organized was “codgery.” That neat made-up term nicely labels my senior-citizen tendency to look with disdain and to reminisce over how good things used to be.
Truth is, they were. Today’s recession is a reminder of how well many of us were doing as recently as a couple of years ago. Our savings were growing along with our homes’ values.
Things will get better sooner or later. Yeah, but here’s my codgery take: It’s liable to be later than we think. Despite Obama’s “glimmer of hope” happy talk in recent speeches, another old hand at the analyzing of recessions is codgery, too.
Here’s Barron’s Alan Abelson: “Even the most unfavorable news... is all too often blithely shrugged off...What would cause us to change our minds is some credible evidence that the dark forces that wrought this dreadful recession are starting to dissipate. Instead, it pains us to relate, we see rough going in the months ahead...he unbroken monthly decline [in home prices] since they peaked in July 2006 will continue to make buyers hesitant and sellers desperate, while the ‘tsunami of foreclosures’ will maintain the huge imbalance of supply over demand.”
I’m also dismayed because President Obama, instead of focusing on the financial mess, goes on about overhauling this year both the health care system and taxing our energy use to the hilt so we can stop global warming (which has stopped anyhow). (Now they want to stop "climate change," a futile effort if there ever was one.)And he apparently can’t stop talking. He’s on TV more often than the weatherman. His words, predictably, are tripping him up. For instance, as a candidate last fall in Richmond, he pledged, “If you make less than a quarter of a million dollars a year...you won't see your taxes increase one single dime. Not your payroll taxes, not your income taxes, not your capital gains taxes- - nothing.” Item: Federal cigarette taxes jumped by 62 cents a pack in April. And his cap and trade scheme will raise all our energy costs a lot.
Another thing. On Tax Day, April 15, Obama pledged he’d simplify the income tax regs before the end of the year. Yeah.
As a long-time writer for the Wall Street Journal put it in his final column, that won’t happen with mere tinkering around the edges. “Our federal tax system is ‘so shot through with credits, exclusions, loopholes...that it fails in its essential job of raising revenues efficiently,’ says Charles Rossetti, a former IRS Commissioner.”
“The complexity and instability of the tax system also leads people to believe that the average person always gets stuck, while the big hitters find ways to avoid paying...”
Raise your hand if you think the system will change in our lifetimes. The hopelessness over reining it in undoubtedly fueled the crowds waving signs on Tax Day, April 15 this year. But I suspect it also reflected the frustration of folks being told by Washington how their toilets must flush, which light bulbs to use and whether paper or plastic will be allowed for bags.
Are you still nevertheless optimistic that things will improve in the coming months and year(s)? Then check what Kathleen Parker wrote in her recent column.
“Nobody knows...Whether one is talking to a Ouija board, an economist or the president of the United States, the answer is the same. Nobody knows.
“The question: Will the U.S. economy bounce back after trillions in rescue, recovery and spending? It’s all a gamble. The Republican attempts to...slash taxes and force government spending cuts didn’t work because spending never got cut. So now, apparently, we’re going to feed the beast.”
At my age I should feel secure regardless, and do most of the time. But it’s a shame that I’m passing down to my heirs a fat government nobody seems to know how to make work.
Despite such codgery prose, I’m also a contrarian, hoping to laugh soon at my own forebodings as I profit from the bank stock I bought last month. Wanna bet?
For sure, my Aquia Harbour is a great place in a fine county in a great state.
Yet, my recent columns have had a grouchy feel. From dissing the merit pay idea for county supervisors to grousing about tax cheats, I may be getting codgery. That’s how Susan Stimson , in a recent letter to the editor, described my stuff. The Stafford GOP Committee leader claimed my published account of that recent Gingrich dinner she organized was “codgery.” That neat made-up term nicely labels my senior-citizen tendency to look with disdain and to reminisce over how good things used to be.
Truth is, they were. Today’s recession is a reminder of how well many of us were doing as recently as a couple of years ago. Our savings were growing along with our homes’ values.
Things will get better sooner or later. Yeah, but here’s my codgery take: It’s liable to be later than we think. Despite Obama’s “glimmer of hope” happy talk in recent speeches, another old hand at the analyzing of recessions is codgery, too.
Here’s Barron’s Alan Abelson: “Even the most unfavorable news... is all too often blithely shrugged off...What would cause us to change our minds is some credible evidence that the dark forces that wrought this dreadful recession are starting to dissipate. Instead, it pains us to relate, we see rough going in the months ahead...he unbroken monthly decline [in home prices] since they peaked in July 2006 will continue to make buyers hesitant and sellers desperate, while the ‘tsunami of foreclosures’ will maintain the huge imbalance of supply over demand.”
I’m also dismayed because President Obama, instead of focusing on the financial mess, goes on about overhauling this year both the health care system and taxing our energy use to the hilt so we can stop global warming (which has stopped anyhow). (Now they want to stop "climate change," a futile effort if there ever was one.)And he apparently can’t stop talking. He’s on TV more often than the weatherman. His words, predictably, are tripping him up. For instance, as a candidate last fall in Richmond, he pledged, “If you make less than a quarter of a million dollars a year...you won't see your taxes increase one single dime. Not your payroll taxes, not your income taxes, not your capital gains taxes- - nothing.” Item: Federal cigarette taxes jumped by 62 cents a pack in April. And his cap and trade scheme will raise all our energy costs a lot.
Another thing. On Tax Day, April 15, Obama pledged he’d simplify the income tax regs before the end of the year. Yeah.
As a long-time writer for the Wall Street Journal put it in his final column, that won’t happen with mere tinkering around the edges. “Our federal tax system is ‘so shot through with credits, exclusions, loopholes...that it fails in its essential job of raising revenues efficiently,’ says Charles Rossetti, a former IRS Commissioner.”
“The complexity and instability of the tax system also leads people to believe that the average person always gets stuck, while the big hitters find ways to avoid paying...”
Raise your hand if you think the system will change in our lifetimes. The hopelessness over reining it in undoubtedly fueled the crowds waving signs on Tax Day, April 15 this year. But I suspect it also reflected the frustration of folks being told by Washington how their toilets must flush, which light bulbs to use and whether paper or plastic will be allowed for bags.
Are you still nevertheless optimistic that things will improve in the coming months and year(s)? Then check what Kathleen Parker wrote in her recent column.
“Nobody knows...Whether one is talking to a Ouija board, an economist or the president of the United States, the answer is the same. Nobody knows.
“The question: Will the U.S. economy bounce back after trillions in rescue, recovery and spending? It’s all a gamble. The Republican attempts to...slash taxes and force government spending cuts didn’t work because spending never got cut. So now, apparently, we’re going to feed the beast.”
At my age I should feel secure regardless, and do most of the time. But it’s a shame that I’m passing down to my heirs a fat government nobody seems to know how to make work.
Despite such codgery prose, I’m also a contrarian, hoping to laugh soon at my own forebodings as I profit from the bank stock I bought last month. Wanna bet?