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Porter Stansbury gets cranky.

Submitted by Roanman on Wed, 09/01/2010 - 17:13


I like Porter Stansbury.

Many, many years ago I bought one of his newsletters, ended up not using it much and called and asked to cancel.

I'm pretty sure it was Porter that picked up the phone.

I had my money back on the next statement, no muss, no fuss.

That's a good businessman in my opinion.

Even if it wasn't Porter that picked up the phone.

The following is a piece he published for Casey's Daily Dispatch.

He's in a mood.

I don't blame him.

This Is Why There Are No Jobs in America

By Porter Stansberry
Saturday, August 21, 2010

I'd like to make you a business offer.

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment...

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair: to tell you what to do.

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

Now... after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like... because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know... I know... you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

Oh... and one more thing...

Even after you've sold the business and paid all of my fees... I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you're a very successful entrepreneur... if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public... you'll end up paying me more than 75% of your income over your life. Thanks so much.

I'm sure you'll think my offer is reasonable and happily partner with me... but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That's how civil society is supposed to work, right? This is Amerika, isn't it?

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs.


Costs to the Government

Submitted by Roanman on Sun, 08/22/2010 - 08:31


From The Washington Post via Chart Porn.

An excellent interactive that demonstrates the differing consequences of allowing some or all of "The Bush Tax Cuts" to expire ....... or not.

What's really interesting to me are the headings within the interactive.


Let all cuts expire - Cost to Gov't: No cost

Obama's plan - Cost to Gov't: $3 trillion

Extend all cuts - Cost to Gov't: $3.7 trillion


If you just sit there and think about it even a little, shouldn't it read? 


Let all cuts expire - Cost to American Taxpayers - $3.7 trillion

Obama's plan - Cost to American Taxpayers - $700 Billion

Extend all cuts - Cost to American Taxpayers: No additional cost


Click on the chart below to link to the interactive. 




Reading on a Saturday Morning, continues.

Submitted by Roanman on Sat, 07/24/2010 - 12:49

The Cartel

Submitted by Roanman on Thu, 05/13/2010 - 06:02


Here in southeastern Michigan, we always assume it only goes on in Detroit.

To be perfectly honest about it, we assume it always goes on in Detroit.

In our defense, we have beau coup evidence.

But ..... we couldn't be more wrong.

About it just going on in Detroit, we're not even a little bit wrong about it always going on in Detroit.

Here are two recent examples totaling just under $2,500,000 of fraud and theft by employees of the school district in which I happen to reside.


Richard Zaranek a former Chippewa Valley elementary school principal was sentenced to 31 months in prison for embezzling $399,691 from the school's child care and parent-teacher programs from 1996 to 2003. 

Zaranek a resident of Grosse Pointe Farms Michigan, siphoned funds from Cherokee's latchkey program and Parent Teacher Organization partly by persuading parents to let him handle the money.


He created phony paperwork to account for the funds and left enough money in the programs to avoid suspicion.


Zaranek also took school property - a tractor, a lawn mower, gym equipment, mountain-climbing equipment, a computer and a puppet theater.


The lawn equipment was found at his cottage in Hillman, Michigan.


Other items were said to be found at his home and at his brother's residence.



James Tague a former executive director of support services for Chippewa Valley Schools cheated Chippewa Valley Schools out of more than $2 million by inflating furniture bids through a company he secretly owned.

Tague pleaded guilty to charges of fraud.

The U.S. Attorney's Office said Tague worked out a scheme where companies he owned would bid on school furniture for the district and sell the merchandise at a huge profit to the school district.


 The following trailer is for a movie that is likely to be ignored.

It needs to be seen ...... everywhere.

People in my community are attempting to bring it to town.

And since I now have a national readership.

That would be about one reader in each of the fifty states.

I'm reaching out and encouraging everybody to make a small effort toward bringing this film to your town.

The Cartel


To quote Wayne Allyn Root

Submitted by Roanman on Thu, 04/29/2010 - 06:32

To quote John F. Kennedy, again

Submitted by Roanman on Tue, 02/02/2010 - 15:03






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