Posts tagged ‘mortgage industry bailout’

November 2, 2008

Should the federal government bail out the states?

by thoughtfulconservative

From a NYTimes editorial

If Congress and the White House can bail out bankers and insurance companies and possibly the auto industry, they should be able to help state and local governments, too. The aid could be temporary, the way it has been during past recessions. And it should come after cities and states have downsized to the essentials.

The rub comes in defining those “essentials.”

October 26, 2008

Waukesha Carnival 10-26-2008

by thoughtfulconservative

Where to begin? How about where we’re all hit–the wallet.

Dad29 exposes the Democrats plans for 401(k)s.

The Asian Badger links to a Wall Street Journal article that shows

that high tax rates on the “producers” cause dis-incentives on those who are the payors of those tax rates. At some point, they either stop producing or, move out of the country.

At Waukesha FYI, Darryl Enriquez notes that a local lady got her letter about the bailout printed in TIME magazine.

Politics are always on the mind. Kyle Prast wonders at Practically Speaking why Powell’s endorsement of Barack Obama matters.

JJ Gravelle muses in his own inimitable way about Colin Powell’s endorsement of Obama at The Daily Scoff.

Alex has a nice poll over at Hobo Springs. Go vote.

Locally, Wiggy gives us a short rant on yard signs at Wigderson’s Library & Pub.

Cindy Kilkenny at Fairly Conservative takes a critical look at Brookfield’s Vision 2035.

Meanwhile, Mayor Larry Nelson continues his steady stream of mayor memos. He’s a busy guy, I guess.

In miscellaneous posts, Bryon Houlgrave has some high school football “hits.”

MommaBlogger wonders what so secret about the 10 secrets of the effortlessly thin. You can read her thoughts at Homemaker’s Guide to the Galaxy.

At Inside New Berlin, Linda Richter informs about a year-round costume company. In New Berlin.

Find a tree? Curt Otto has reported one missing. A replacement is in the works. See Maple & Main for details.

Huckberry Dumbell adds a touch to his Ghost Blogging and Sunday Scan features. Go to Spring City Chronicle to find out.

That’s it for this week. If you see an interesting post, drop the link in a comment and I’ll add it to next week’s carnival.

October 20, 2008

What the $700 billion bailout does for taxpayers

by thoughtfulconservative

A summary follows. More in depth explanation can be found at CNNMoney.com.

  • A quick fix for the AMT to keep many middle-class taxpayers out of the reach of the alternative minimum tax in 2008.
  • Mortgage debt forgiveness, normally taxable income, won’t be. For awhile.
  • A break on education for some people.
  • The sales tax deduction, which expired last year, returns.
  • Homeowners who do not itemize can deduct up to $500 ($1,000 for joint filers) of property taxes in addition to the standard deduction.
  • If you’re 70.5 years or older you can withdraw up to $100,000 from an IRA and donate it to charity, tax-free.
  • In 2009 (they skipped over 2008, says Luscombe) you can qualify for a credit of up to $500 for qualified improvements to make your home more energy efficient.
  • If you were affected by Hurricane Ike or this year’s floods or tornadoes in the Midwest, you may qualify fortax benefits.
October 19, 2008

Waukesha Carnival

by thoughtfulconservative

Welcome to this week’s edition, the thirty-eighth dating back to September 16 of last year. This is where I share the links of noteworthy posts of the preceding week. Feel free to share other posts in the comments.

Let’s see what we have locally.

OK, this has nothing to do with the free mug I got at Drinking Right, but those of you who have met or read JJ Gravelle at The Daily Scoff, just knew that he would deal with the New Berlin-Pewaukee urination bruhaha in a tasteful and sensitive way.

Continuing in the sports vein, Dan at Skeptics Anonymous thinks last season was a pretty good one for the Brewers.

Scott Berg at his blog 359 Degrees talks about the Brookfield city Finance Committee meeting.

Josh at Blog Waukesha wonders Is there competition to Kramer? as he blogs on the race for the 97th district of the Wisconsin Assembly.

If you don’t go to Spring City Chronicle for Huckleberry Dumbell’s daily news summaries or his Sunday Scans, you should at least go for his ghost blogging and poetry which he combines here. And it’s annotated!

James Wigderson blogs at Wigderson Library & Pub about his weekly column in the Waukesha Freeman (always worth the 50 cents) where he blogs about free speech.

silent E speaks about a great piece by Michelle Malkin he read concerning Joe the plumber.

Cindy Kilkenny at Fairly Conservative fact checks the factcheckers in her post Why you should never trust CNN.

Alex at Hobo Springs is relieved McCain is finally saying he’s not George Bush.

And Kyle Prast maintains at Practically Speaking that the presidential election is not over yet.

MommaBlogger shares a recipe for Apple Grilled Cheese at Homemaker’s Guide to the Galaxy.

State Sen. Mary Lazich (aide Kevin Fischer?) compares abortion to light bulbs in this post, Pro-choice, but not about light bulbs at Conservatively Speaking.

Similarly, at Common Sense Waukesha, Dean Culver posts his thoughts on Liberal Hypocrites.

Finally, to post only on gloom is just not right. Dad29 cures that with some bank humor.

That concludes this week’s edition. You can always submit your favorite post of the week using this submission form. Or you can e-mail it directly to me at thoughtfulconsevative [at] yahoo [dot] com. Or put it in the comments of this post.

Past and future editions can be found on our here for your perusal.

October 13, 2008

Waukesha carnival 10/13/2008

by thoughtfulconservative

Let’s start this edition with local news.

Brookfield Alderman Scott Berg has several links concerning the city’s 2009 budget at 359 Degrees.

Darryl Enriquez at Waukesha FYI informs us on the testy public comments sessions at recent Waukesha common council meetings.

Fairly Conservative‘s Cindy Kilkenny wonders at Elmbrook Schools superintendent Matt Gibson’s thought processes.

Alexander at Hobo Springs posts about the anger at the Waukesha McCain/Palin rally that’s gained so much attention and notes that if we’re angry, it’s about the issues, not the personal stuff.

Curt Otto blogs at Maple and Main about a new store coming to downtown Waukesha.

Kyle Prast takes a break from political stuff at Practically Speaking to give us a glimpse of an outing to the Anaba Tea Room.

James Wigderson catches us up on the 97th Wisconsin Assembly district race at Wigderson Library & Pub.

Take this opportunity to check out Homemaker’s Guide to the Galaxy where MommaBlogger has a recipe for S’mores. The pictures will make your mouth water.

In national news, JJGravelle at The Daily Scoff expounds on what the international supporters of Obama say about him.

And we can’t forget the turmoil in the financial markets.

Dad29 points out derivitive cheerleaders Alan Greenspan and Robert Rubin, Secretary of the Treasury under Bill Clinton. Hmmm.

Well, I can predict the stock market won’t fall tomorrow. [UPDATE: Never try to read a financial post late at night.] The Asian Badger in this general post on the mess notes that tomorrow is Columbus Day, a federal holiday.

A couple of miscellaneous items.

Dan at Skeptics Anonymous reflects on a 2006 trip to Philadelphia to see the Brewers play.

Huckleberry Dumbell at The Spring City Chronicle just doesn’t give fine news summaries and nice poems, but also great pictures he has been acanning.

That’s it for this week’s edition. Each week I peruse local bloggers and select the ones I think are the best. It’s hard sometimes and you may not agree. So submit your own thoughts whether you’re a blogger or a reader. You can do so using this form. Or you can e-mail them to me. Or put them in the comments of this post.

Past posts and future editions can be found on our here.

October 8, 2008

The Waukesha Carnival 10/5/2008

by thoughtfulconservative

Welcome to edition 42 of the carnival. For the newbies, a carnival is a round-up of blog posts usually with a theme. A list of carnivals can be found at the blog carnival web site. Blog carnivals usually have posts around a thematic or geographic basis.

This one will have to be quick and dirty, because this post is late and it’s getting late.

Scott Berg has a post on Brookfield’s 2009 budget.

The Asian Badger looks at the Senate version (that eventually became law) of the Bailout Recovery Plan.

State Senator Mary Lazich informs us that the state can’t collect on the breaches of privacy in the Social Security mess.

Dad29 gives us more good news (NOT!) on the likelihood of higher electric bills.

Cindy Kilkenny steps aside and lets Son Number 2 speak.

Alexander reported on the last Blog n Grog. I learned more in that short evening than I had in my whole life previously, it seems.

Kyle Prast keys on Democrats charitable donations and their view of the rich paying more taxes.

Along those lines, silent e has some advice for the governator.

Spring City Chronicle has an exclusive drawing of the proposed baseball park at Frame Park. We find that the proposed name is Larry Nelson Stadium.

Yorick’s Persiflage had a look at the Biden-Palin event.

That’s it for this week. Sorry for the bare bones look.

You can always submit something here. or send it to me at thoughtfulconservative [at] yahoo [dot] com. Past posts can be found here.

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