Economic Stimulus
By gmikeg | March 25, 2008
I am excitedly awaiting my economic stimulus check. Like most middle class Americans I’ve felt the squeeze this year. I’ve been trying to figure out the most effective way I can stimulate the economy with this tax rebate? I assume the intent is to increase spending in the American economy. So the question becomes what can you get for $1,200 these days?
I have 2 Daughters who are both learning to drive and they’ll both be getting their licenses this spring. Every time I take them in the car to practice driving they ask
“Can I have your car when I get my license Dad?”
I’d love to give them my car; unfortunately, I never said the family can afford another car. It would be awesome if the check from the government covered the cost of another car, but it won’t even cover the increase in my insurance from adding 2 teenagers to my policy let alone pay for another car. So much for stimulating the local used car economy.
Another big expense coming up in my household is college. Both of my daughters are college bound and will be in college simultaneously. What better way to stimulate the economy and my daughter’s brains than to spend the stimulus check on college tuition. As you can imagine, I’ve been checking into the price of colleges lately. According to the U.S. Department of Education private 4-year universities in Connecticut cost on the average $34K per year and Connecticut’s 4-year public colleges cost on the average $15K per year. $1,200 doesn’t put a dent into that cost either. By the way, children over 17 aren’t eligible for the additional $300 credit, so this won’t help my oldest child with her college tuition anyway. I’ll have to keep looking for other ways to stimulate the economy.
I know the single biggest cost increase I’ve experienced this year was in gasoline and home heating oil. I talk to my friends and neighbors and they all have experienced the pinch this year. The higher cost of gasoline at the pump and home heating oil has been their number one unexpected expense this year. According to the U.S. Department of Transportation, the average retail price per gallon of gasoline in March 2001 in Connecticut was $1.46. The average gas price per gallon as of March 11, 2008 is $3.32. When adjusted for inflation, this represents an increase of 93 percent.
Home heating costs have risen by 22 percent per household from $1,336 to $1,635 in the past year according to the U.S. Department of Energy.
Personally, I’ve spent almost twice what I did last year on fuel oil because I did not lock in on the relatively low summertime rates. I cringe every time Dr. Mel says
“Pin Point Doppler calls for another record cold day.”
My daughter has been after me all winter,
“Dad can I turn the heat up?”
Just because she actually is my baby doesn’t mean she has to act like one.
“No. Put on another sweater.” I reply.
After much consternation I finally have decided to spend my stimulus check on fuel oil, a tank of home heating oil cost almost $1,200 dollars anyway.
But will this help pull our economy out of a recession or stimulate the American economy? I doubt it. What it will do is reward OPEC for keeping crude production low and further increasing the trade deficit. I know people who went to Dubai on business recently. They came back telling me stories of gold plated fixtures in their hotels and skiing. That’s right; they’ve built a ski slope in the middle of the dessert. So whose economy will reap the benefits of this stimulus check?
The money for the stimulus package is to be borrowed and would increase the federal deficit. I question the soundness of this plan. When the economy is experiencing a recession and you find yourself overextended, should you take out another loan?
Bernard Baumohl, managing director of the Economic Outlook Group, cautioned: “Practically speaking, this plan is not expected to have any meaningful impact on the economy until much later this year, perhaps in the fourth quarter. Even then, it’s unlikely we’ll see more than an extra blip in GDP growth.”
In an effort to quell a chain reaction on Wall Street, the Federal Reserve has taken action unprecedented since the Great Depression by lending money directly to a major investment bank, Bear Stearns, why shouldn’t they help out the average tax payer as well? The only problem is, when I say “The Federal Reserve” that really translates into “The Taxpayer”. This action has put the taxpayers on the hook for billions of dollars in questionable trades. Should we bail out a company that made bad decisions?
Hopefully The Fed’s actions will reassure investors and stabilize the market. Maybe the tax rebate plan will help the average person and will stimulate the American economy as planned. As for me and my tax rebate, I better buy a tank of oil before I can’t even afford that!
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Attack of the Killer Snow Plow
By gmikeg | December 20, 2007
What are you, Freak’n kidding me!
It was me or the Plow, one of us was going down. I could tell by the sleep deprived glaze in the plow driver’s eyes that he was intent on burying me alive in a ten foot wave of snow. As with all life or death situations time slows down. It became crystal clear to me the instant before I was to be buried alive that I needed to escape the attack of the behemoth, Killer Snow Plow.
I was pushing my brand new craftsman snow plow up the side walk, proudly clearing the way when I heard the unmistakable rumble of the death dealer, the towns largest, most fearsome snow plow. I looked up in time to see a wave of snow ten feet high, a veritable tsunami, heading my way. I jumped back from my snow blower realizing that my miniscule 7.5 HP Techumsa powered snow blower with the sweet joy stick controller for the exit chute was no match for the Killer Snow Plow. I was pined between the stone wall going up my walk way and the mail box. I had no where to go but up. I was forced to abandon my brand new blower and jump over the wall. I was shaken. The adrenaline still pumped through my veins as the killer plow passed by. I could clearly see the overpaid, drunkard of a town employee with the sleep deprived gaze laughing hysterically, maniacally. His accomplice, Igor, was in the passenger seat yelling something unintelligible from behind his window and shaking his fist at me.
As the death dealer rumbled down the road I jumped into the middle of the street swearing like a sailor, shaking my fist back at Igor, but to no avail.
I called the Street Department to complain but the supervisor could not stop laughing. I heard him call to someone in the back ground “Looks like Igor got another one, he’s in the lead now!”
That wasn’t very satisfying so I called the police. Three hours later, they sent two officers in an SUV that they had confiscated from some drug dealer pimp. As I described the situation the officer summarized “So let me get this straight, you were blowing your snow out onto the town street and then you threatened and verbally assaulted a town employee as he attempted to make our streets safe for women and children?”
I quietly said never mind and made an on the spot contribution to the Policemen’s Benevolent Society and thanked them for their quick response.
But this is not the end of it. I plan on writing a blistering letter to the Mayor’s office and ask for quick and immediate action.
More to follow.
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Rocky Raccoon!
By gmikeg | November 5, 2007
I typically take the same route on the way to and from work. I noticed last week that some poor raccoon had been run over and lay dead, in the middle of the road. Over the course of this past week the poor creature got trampled until it lay exactly in the middle of the road, right where the faded double line used to be.
I‘m not particularly fond of raccoons, in fact quite the opposite, I kind of loath them. One time, before I knew any better, I tried to scare a raccoon off of my garbage cans. He was preparing to raid, pillage and plunder, looking for a snack and spreading my garbage all over the yard for me to pick up later. I went outside and approached him, clapping my hands and yelling loudly “Scat you ring tailed devil”. Instead he stood up and hissed / snarled at me and then started to aggressively charge at me. Never having been exposed to a seemingly possessed raccoon before I quickly retreated to my home. I remember wishing he would choke on a chicken bone. But he didn’t, and I did have to clean up his mess the next day.
All that aside, no creature, not even a possessed raccoon, should be left to be pummeled until they actually form a part of the road way. Besides, its unhealthy, didn’t the black plague start this way? So this raccoon has been flattened and left in the road all week. Now here’s the clincher. The town road crew came by and re-painted the faded double yellow line in the road. You guessed it; they painted right over this road kill. I stopped to take a picture of it to post on my blog, but it was too gross to publish.
A wag of the finger at the road crew who was too lazy to scrape poor rocky off the road.
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“What a Rip-off”
By gmikeg | October 15, 2007
I’m Pissed Off!
I am constantly amazed at how many new and creative ways companies find to rip you off! I’ve been a Cingular customer for years. First Cingular Wireless, was 60-percent owned by SBC. With the re-branding it was a little confusing, but the service was about the same. Now Cingular has merged with AT&T and things are more ridiculous than ever. I have bundled service that include my cell phones, land line and internet service. You’d think they would try to satisfy me and keep my business, but no, they are too huge and impersonal to care. I just got off the phone with them and I’m PISSED OFF!
I upgraded all four of the cell phones in my family this year. I hesitated because I didn’t want to commit to a 2 year contract but our phones were starting to die due to old age and I decided to bite on one of their free upgrade deals. Basically this is the scam, you can upgrade to certain phones for free. By free they mean you pay some cash upfront, and upon signing a 2 year contract, they promise to mail you back a rebate for the amount of money you paid. Sweet deal, free phones, NOT!
Here’s the innovative way they fond to rip off their most loyal customers. I was expecting a $325 dollar rebate check back from AT&T. I had planned on putting the cash back into my checking account because I had not intended on spending that $325, I needed it to cover bills. To my surprise I find out that the rebate comes in the form of Visa Debit cards. Except that when you use them, you have to tell the store owner that they are Credit cards, even though they say Debit card. But that’s only the beginning. I received eight cards of varying denominations, some worth $25 dollars and some worth $50 dollars.
I tried using two of them at a local restaurant. I’m a regular there and the owner is a friend of mine, so I figured if there was an issue I could work it out with the proprietor. I tell him to put $50 on the card and I’ll pay the rest.
He comes back,
“Sorry Mike your card has been declined.”
Okay, embarrassing, but not too bad.
“Try this one, George.”
I whip out another $50 dollar card. Same result, so I use cash.
I called up AT&T to complain and this is what they told me. They said that restaurants automatically put a 20% gratuity on the card, so if you charge $50, they add 20%, putting you over the value of the card, and it gets declined. I said
“I never have heard of that, I know the restaurant owner and he did not add anything, he only charged $50.”
“Oh, well, the Visa people add the 20%, and then they credit your card back the 20% in a couple of days.”
“What” I say incredulously, “So then how do you know what your balance is”.
“Oh just call and check Sir.”
“Right, I have eight low value cards, how much more inconvenient can you make it?”
Silence on her side of the phone, she’s heard it all before.
I ask her “Are there anymore ridiculous conditions that you impose on the users of these cards?” thinking that surely this was the worst of it, wrong!
She proceeded to tell me. “If you go to a store you have to tell them it’s a split purchase and pay the cash amount you owe first. Then under a separate transaction you charge the amount of the card.”
“Why can’t I use the charge card first and pay the remainder off in cash?”
“You can’t do that Sir, the card will be declined.”
“How am I supposed to know how much is on the card?”
“You already asked that Sir, just call.”
This went on for awhile and I told her how upset I was. She said that this call is being recorded and she’ll make a special note of just how upset I was. I made sure not to berate her and to direct my complaints, politely, against the company. She was still trying to maintain her professionalism and asked,
“Is there anything else I can do for you Sir?”
“Tell whoever else is listening, and please make a special note, I will never buy another phone form AT&T again!”
And then, here is the “Pièce de résistance”. She replied with the classic,
“Yes Sir, thank you for choosing AT&T and have a good day!”
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