Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Friday, April 28, 2023

Joe Biden's Job Performance After 27 months as President

 Just the Facts - No Opinions: 

1. High Inflation under Biden - hurt everybody. 

2. Illegal immigration - record highs - keeps welfare costs high; keeps low paying jobs low as supply exceeds demand, tells people who immigrated here legally which took several years, that they must be stupid, high drug smuggling resulting in record American deaths, human smuggling amounting to slavery. 

3. Record debt and record spending that will eventually destroy our economy that is no longer related to Covid, but to Socialism - the most failed economic system in human history. 

4. Record crime waves in mostly Democratic cities. 

5. Much higher interest rates due to high inflation caused mostly by excessive government spending making it harder for people to buy houses. 

6. Forgiveness of college loans making us who paid for our own and/or our children's college expenses also pay for the college expenses of strangers. Easy to get college loans is the reason that college expenses have risen 4 times faster than inflation for decades and also the reason why financially naive 18 year olds make stupid decisions to attend expensive colleges instead of more affordable cheaper colleges without regard to how hard it will be to pay off those college loans when they either graduate or drop out of college (about half drop out of college before graduating). not to mention adding almost 2 trillion dollars to government debt. 

7. Dangerous decrease in domestic military supplies shipped to Ukraine without any effort to quickly replace them. 

8. Huge increase in the price of gasoline and energy costs since Trump was President caused by Biden's war on fossil fuels from day one of his Presidency that won't materially impact climate change because the real problem lies with China and India, especially their unfiltered thousands of coal plants, and they are doing nothing about it. In fact they are still building new ones. Note that American coal plants, of which there are a lot fewer, filter out 90% of their pollution from the atmosphere. So the draconian climate change rules Biden is adopting will kill our economy without impacting world climate change materially. 

9. Favorable trading status to China by Biden expands their dominance in Chinese imports while not doing anything to increase our exports. Plus little progress in getting vulnerable exposure and need for Chinese imports for medicines, solar and wind power, rare earth for tech products, etc..

10. Biden's refusal for months to negotiate on the debt ceiling with Republicans which could result in the first ever default on our debt which likely will destroy our economy and hurt all of us significantly. Every other Administration in the past have negotiated a settlement on the debt ceiling as it came up.

Wednesday, April 12, 2023

The Many Problems with Electric Vehicles

1. Electric Vehicles are much more expensive to purchase. They also depreciate much faster than gas powered vehicles (see point 2 for a good reason why).

2. EV batteries last 10 to 12 years and costs many thousands of dollars, even tens of thousands of dollars to replace.

3. EVs are much heavier and can present a towing problem.

4. A total switch to EVs would over power our nation's electric grid leading to blackouts. Plus the necessary nationwide infrastructure for recharging EVs on the road (instead of just at home) is nowhere near viable at this time.

5. Raw materials needed for batteries are extracted at a high human and environmental toll. This includes, for example, child labor, health and safety hazards in informal work, poverty and pollution. Batteries require a lot of minerals, and that means a lot of mining and transporting of materials. According to mining and energy specialist Mark Mills, a thousand-pound electric car battery requires the moving of 500,000 pounds of earth in the course of mining.

6. A recycling challenge looms over the eleven million tones of spent lithium-ion batteries forecast to be discarded by 2030, with few systems in place to enable reuse and recycling in a circular economy for batteries.

7. Safety, Fires can start at any time. Even flood waters can set them off. It’s harder to impossible to put out the fire of EVs. When the battery is on fire, it’s absolutely inaccessible to fire suppressants like water. There is also a chance of re-ignition without sufficient cooling, which can lead to a long-lasting fire.

8. Reliability. Consumer Reports named electric SUVs the least-reliable vehicle type. The most common EV problem areas were "in-car electronics, noises and leaks, power equipment, climate system, body hardware, drive system, and paint and trim," the report said.

9. Dependence on China whose intent is to dominate us and the rest of the world economically - The materials and parts for EVs plus the materials for finished products for solar and wind power come from China and thus threaten the future stability of our national Energy needs.


Sunday, April 9, 2023

Mass Shootings and Gun Control

Remember that when the Second Amendment (granting us our right to bear arms) was passed, it took a full 30 seconds to load a rifle before it could fire a single bullet. Then it took another 30 seconds to load it again before it could fire a second bullet. If assault rifles, which are essentially machine guns existed then, our Founding Fathers would very likely have worded the Second Amendment differently. Our right to bear arms currently does not give us the right to own and use atom bombs, fighter jets, tanks, and 50 caliber machine guns. So there is and should be a current limit on our right to bear arms. Where should the line be drawn as to what arms we can and cannot use? Any weapon that is effectively a machine gun should be banned. That would require the Federal government buying back millions of AR-15 assault rifles. Likely, many will not sell it back to the government. Make it life imprisonment just to own one after the turn it in to the government deadline has passed. That won't be perfect but would significantly help. No other nation on Earth has the repeated mass shooting problem that we have here in America. We need a solution that works much better than doing nothing.

Thursday, April 6, 2023

Dictatorship Nations Are Not Legitimate Governments

 All nations headed by a dictator are not legitimate governments. Only a nation's citizens can elect and confirm a legitimate government. When opposition political parties are outlawed and there is no freedom of the press nor freedom of speech, the people of that nation have not truly elected and verified a legitimate government to rule over them. All other nations should refuse to recognize dictatorial nations for the reason that they are not representative of the citizens of that nation. Don't do business with them either until the rights of their people have been restored. Such a policy is the best, fastest way to eventually economically collapse these dictatorships which likely will then lead to a needed change to a democracy.