Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Sunday, March 28, 2010

Our efficient, well-run government

Phony products by phony companies get government Energy Star approval.

Fifteen phony products — including a gasoline-powered alarm clock — won a label from the government certifying them as energy efficient in a test of the federal "Energy Star" program.
Investigators concluded the program is "vulnerable to fraud and abuse."
Really? It's "vulnerable to fraud and abuse?" No kidding!
But the General Accountability Office, Congress' investigative arm, said Energy Star doesn't verify claims made by manufacturers — which might explain the gasoline-powered alarm clock, not to mention a product billed as an air room cleaner that was actually a space heater with a feather duster and fly strips attached, and a computer monitor that won approval within 30 minutes of submission.
So, in a program involving tax credits and rebates (i.e. taxpayer money), the government doesn't bother to actually verify the claims those credits and rebates are based on. Even worse they don't even bother to find out what it is they're certifying!
"EPA officials confirmed that because the energy-efficiency information was plausible, it was likely that no one read the product description information," GAO said.
And they lie about it!
According to the GAO, the EPA and Energy Department told investigators in briefings that although the program is based on manufacturers' certifying their products meet efficiency standards, that efficiency is ensured through aftermarket tests and self-policing.
Remember, this is the same government that is now in charge of our health-care system. Be afraid, be very afraid.

Monday, March 22, 2010

Health "Care" Roundup

Well, they did it. The Democrat Party bucked the voters, opposed public opinion, and inflicted a massive socialist health insurance system on us.

This story warms my heart. The media is already talking about how this will hurt the Dems.

The initial blush of President Barack Obama's health care triumph immediately gives way to a sober political reality — he must sell the landmark legislation to an angry and unpredictable electorate, still reeling from the recession.

Voters may not buy it.

And that could mean a disastrous midterm election year for Obama and his fellow Democrats.

Some are saying that after the Repubs get control of Congress back, they can repeal this insanity. While I agree that they could, I think pigs growing wings and joining the avian family is far more likely. Obama will never sign a repeal, and I doubt they'll get the numbers to override a veto. By the time we have a President who may be receptive, there will be a massive bureaucracy in place, working against repeal in order to protect itself. Let's face it - when was the last time the government made itself smaller?

And now, here's a quick roundup of coverage by the bloggers I frequent. They'll probably say anything I could, and do it much better.

Nicki at The Liberty Zone is rightfully furious.

Robb at Sharp as a Marble has a simple reminder for us.

Sebastian at Snowflakes in Hell has several posts, reminding us that there should be consequences for those who voted for this monstrosity, that it's not completely over yet, and starts looking to what the next steps should be. He shows us that some are looking to present a united fight against this even after it's signed.

Another rightfully angry post, this one by Atom Smasher at Men Are Not Potatoes.

A Conservative Shemale reminds us that it's not the end of the world, or even the country, and offers us some comfort. I'm not quite as confident about this as the person she quotes, but that's more due to some of the specifics of the bill than the principle that is quoted.

Brigid at Home on the Range has a simple message that we should all remember eight months from now.

Tam at View From the Porch give us a little (but only a little, in my opinion) hyperbole.

Michael Bane posts a quote that shows that wisdom can come from any source, and gives us some other words of wisdom.

That's all I have for the moment, but it's still early this morning. I may do an update later, if I have time.

Sunday, December 06, 2009

Cash for Clunkers = Fail: Part 2

More unintended consequences of Cash for Clunkers hits another part of the auto industry - salvage yards.

Last summer's Cash for Clunkers program has clogged auto salvage yards with a glut of trade-ins that are too damaged to drive but too good to be sent directly to scrap.

The less glamorous side of the auto industry is having trouble digesting the byproducts of the buying frenzy that put nearly 700,000 new automobiles on the nation's roads -- and took the same number off.

The future of millions of usable auto parts is in limbo as a critical deadline looms this winter under the federal program, which had unexpected success on the front end and its funding tripled to $3 billion.

Several salvage yards in the Roanoke and New River valleys are filled with valuable alternators, starters, air conditioning compressors, wheels, body parts, seats and other major interior parts.

But they are still connected to the 1,500 or so used automobiles traded in through the less-than-eight-week program that expired in August.

And many may go to waste if a federal deadline to conclude the program is not extended.

Apparently, there is a six month deadline for salvage yards to strip usable parts from the cars before they must be crushed or shredded. The problem? There were more cars traded than the salvage yards can deal with.

"There is absolutely no way that we can process these vehicles and recycle anywhere near their potential," he said.

He said the volume of trade-ins flooding the salvage industry is three times what the industry expected when it agreed to support the program and to process the trades within six months. With only four months left on many of the clunkers he bought, he's so far only covered his costs to buy the vehicles for about $225 apiece and get them towed to his facility.

Were these normal trade-ins, the unwanted vehicles could simply be sold to new owners. In this case, the engines were destroyed under a federal mandate to take relatively low-mpg vehicles off the road.

But virtually every trade is loaded with fully functional parts. This represents an opportunity that the auto recycling industry wants to tap -- if given enough time.

As it stands now, however, salvage yards say they can't possibly process the vehicles received under the clunker program by their deadline.

If the yards don't get an extension, the vehicles will have to be scrapped before there is a chance to take off all of the parts, cutting short the program's potential economic and environmental effect, Cunningham said.


The way they normally operate seems to be one factor:

While the obvious solution to the problem at hand might seem to be to strip the clunkers and put the parts on a shelf until a buyer comes along, few shops have the time and storage capacity for such a harvest.

They often keep their autos whole or mostly whole and remove a bumper, rearview mirror or the like when someone asks for them.

That makes sense. Most salvage yards are small operations - lots of land, but only a few employees - and stripping a vehicle for parts is pretty labor intensive.

And, of course, the biggest flaw in the whole program is still there, too.

According to Cunningham, "the real clunker junker smoker" is still going down the highway because its owner could not afford the payments for a new car.

What got traded in for the most part were "very nice cars, very above-average. I had Lexuses being traded in," he said. "Eighty percent of the cars that were traded in, easily, would have went straight into the wholesale market to be resold with absolutely no problem getting rid of them."

But without functioning engines and engine replacement forbidden by the guidelines, the industry has turned to what it calls parting the vehicles out.

Salvage yards are finding there's plenty of demand, but they need time for purchasers to show up. Many highlight their inventories on the Web and wait for a potential customer -- a mechanic or do-it-yourselfer -- to come through the door, call or send an e-mail.

People who could afford to own a Lexus were trading them in on the taxpayer's dime? Total. Fail.

Some other unintended side-effects?

Since 84 percent of the trades were SUVs or trucks, a supply glut could depress prices, he said.

In addition, taking 700,000 vehicles out of service is likely to somewhat reduce the demand for the very parts salvage yards now have in ample supply, he added.

Besides, the program didn't do what it was supposed to do, anyway.

According to Cross-Sell, a Lexington, Ky., automotive market analysis company, sales for August and September jumped 16 percent in the New River Valley and 3 percent in the Roanoke Valley, compared with last year.

However, the help was only temporary. Deep declines in sales continued at the program's close. For the first 10 months of the year, sales of new automobiles are down 21.5 percent in the New River Valley and 24 percent in the Roanoke Valley.

I'd like to see a graph of those figures. I bet August and September are just an insignificant bump on a steadily downward line.

Fail.

Monday, August 10, 2009

Show me the Money!

The bailout money, that is. Seems that nobody can figure out where it all went.

WASHINGTON — Although hundreds of well-trained eyes are watching over the $700 billion that Congress last year decided to spend bailing out the nation's financial sector, it's still difficult to answer some of the most basic questions about where the money went.

Despite a new oversight panel, a new special inspector general, the existing Government Accountability Office and eight other inspectors general, those charged with minding the store say they don't have all the weapons they need. Ten months into the Troubled Asset Relief Program, some members of Congress say that some oversight of bailout dollars has been so lacking that it's essentially worthless.

Everybody who's surprised about this, raise your hand.

Why?

Did you really think such a massive outlay to private companies that were going under because of bad financial practices was not going to be misappropriated and hidden?

Did you really think that the same government "oversight" that failed to notice these companies artificially inflated values and financial reports would be able to keep track of all that money once these same companies got hold of it?

Do we really want the same government that couldn't keep track of the massive TARP funding to be in charge of our health care?

Tuesday, April 15, 2008

Seasonable humor

I found this at www.wayfarersmoon.com (scroll past the comic).
A Friendly Reminder
Tuesday, April 15, 2008

From: Admiral Janicki
To: All Death Star Personnel
Re: Imperial Taxes

I have been asked to remind all Imperial personnel aboard the Death Star that today is April 15th and all personal taxes are due. In light of last year’s ‘Wookie Deduction’ debacle, the 3rd Imperial Tax Division (the Fighting 1040s) has asked me to pass on the following tax hints:

Cloned Stormtroopers may not claim each other as dependents, even though they are technically related.

Maintenance crews may only deduct one (1) Compacter Monster attack.

If strangled by Lord Vader and are:
Alive
Add two (2) to Row F: Near Death Experiences
Dead
Add one (1) to Row G: Actual Death Experiences

When computing dependents, droids do not count unless you are legally married to one.

If you are Lord Vader, please mark Box A ‘Sith Do Not Pay Taxes.’ Or not. Really, we’re cool either way.

You will check Box 7F ‘I want one dollar to go to the Emperor’s Party Fund.’ Failure to check this box will result in immediate execution.

When computing dependents, alien parasites only count if they are larger than a standard Stormtrooper helmet.

‘Helmet Hair,’ though a consistent problem for all Imperial troops, is not a valid deduction. ‘Armor Crotch’ is a valid deduction for Stormtroopers only.

Cheers,
-Jason