"Just six Aerocars were ever built, and they did fly when they were built. Marilyn Felling bought Aerocar No. 2 more than 25 years ago, but never restored it. She insists it has been examined by a mechanic and could be made airworthy in a few hours. Of course, N103D hasn't flown since the Ford Administration, so that may be optimistic.
Still — how cool would it be to own a flying car that'll do 60 mph on the highway and 110 in the air? Just think of the joy you'd feel. And if you can't think of enough good reasons to own it, the folks at aerocarforsale.com have spelled them out for you.
You can pick one up "for inclusion in your private collection." Or if you're feeling philanthropic, buy one "for a donation to your favorite museum." Maybe your kids or grandkids would appreciate it "as a legacy for the heirs of your estate. "Our favorite is the promise of "a 1031 property exchange," though we have no idea what that means. "
Monday, December 8, 2008
Buy an AeroCar
Friday, October 31, 2008
401K's in Jeopardy
Retirement funds, particularly 401K's, are at risk. As previously mentioned in the article Democrats Discuss Taking Over People's 401K's Democrats are looking to eliminate the tax break for 401K's and to subsidize a takeover of these savings plans. Investment New reports in their article House Democrats contemplate abolishing 401(k) tax breaks point out the problems with this plan.
"From where I sit that's just crazy," said John Belluardo, president of Stewardship Financial Services Inc. in Tarrytown, N.Y. "A lot of people contribute to their 401(k)s because of the match of the employer," he said. Mr. Belluardo's firm does not manage assets directly.
Higher-income employers provide matching funds to employee plans so that they can qualify for tax benefits for their own defined contribution plans, he said.
"If the tax deferral goes away, the employers have no reason to do the matches, which primarily help people in the lower income brackets," Mr. Belluardo said.
US News and World Report has also written articles on Democrats plans to target 401K's and retirement plans if they obtain control of the presidency and congress...
Why Democrats Will Target the Investor Class in 2009
Would Obama Dems Kill 401K Plans?
Hat Tip other bloggers covering this issue...
Smart Girl Politics Kiss Your 410K Good Bye
Ms Placed Democrat Obama's 401K Plan is Nothing More Than a Junk Bond
Say What You Really Mean Under President Obama Kiss Your 401K Goodbye, Your Net Pay Shrinks, And The Constitution Will Be Walked On Like It's His Daily Exercise Routine.
401K's in Jeopardy
Wednesday, October 1, 2008
Economic and ACORN Links
ACORN
CRL: ACORN Will Still Reap Windfall from Financial Crisis
Econ Bill
ACORN Outrage Removes Affordable Housing Provision
ACORN Issue Fueling Bailout Opposition
ACORN, Obama, and the mortgage mess
Fannie Freddie
How the Democrats Created the Financial Crisis: Kevin Hassett
Where was Dodd during the Fannie Mae collapse?
Wrecks, Lies and Barney Frank
Tuesday, September 30, 2008
More Problems with ACORN and Obama's Ties to ACORN
As the weekend progressed, reports were constantly emerging of the sticking points preventing a final agreement. One of these reputed points of contention was whether 20 percent of the profit proceedings for asset sales in the future would go to what is called the Housing Trust Fund, subsidizing certain groups for ostensibly nonpartisan activity. One of these groups that this trust supports is ACORN.
ACORN has often been in the news since 2004. Officially, they work to register voters and support housing. In reality, everyone in public life knows that they are hardcore supporters for the Democratic Party, and employ bare-knuckle tactics. Their organization is plagued by repeated investigations of voter fraud and other crimes.
In Ohio, where as secretary of state I oversaw elections for eight years, ACORN has been busy. One ACORN man in Reynoldsburg was indicted on two felony counts of voter fraud, and another was indicted in Columbus. Other such problems surfaced in Cuyahoga County, where criminal investigations are ongoing.
The New York Post notes in their article The Meltdown's Acorn that Obama is directly connected to ACORN and he said so himself as recently as last November.
"I've been fighting alongside ACORN on issues you care about my entire career," he [Obama] told the group last November.
Indeed, in the early '90s, Obama was recruited by Talbott herself to run training sessions for ACORN activists.
ACORN also got funding from two charities, the Woods Fund and the Joyce Foundation, when Obama served on their boards, and from the Chicago Annenberg Challenge - the radical "education reform" outfit Obama ran from '95 to '99.
Ironically, the group stood to be a key beneficiary of the goodies Democrats were loading into Treasury Secretary Hank Paulson's rescue plan - including one demand that 20 percent of any profits the feds make from reselling mortgage securities go to fund groups like ACORN.
Stanley Kurtz of National Review article Inside Obama's Acorn details the aggressive methods of intimidation used by ACORN, as well as a shrewd tactical strategy that has kept them below the radar nationally. Thus ACORN's radicalism and often illegal behavior garners much less attention than groups like MoveOn or Code Pink who seek the spotlight and in many ways are less radical. Kurtz refers to Sol Stern's explanation of ACORN and a reply to his explanation by John Atlas and Peter Dreier.
Do Atlas and Dreier dismiss Stern’s catalogue of Acorn’s disruptive and intentionally intimidating tactics as a set of regrettable exceptions to Acorn’s rule of civility? Not a chance. Atlas and Dreier are at pains to point out that intimidation works. They proudly reel off the increased memberships that follow in the wake of high-profile disruptions, and clearly imply that the same public officials who object most vociferously to intimidation are the ones most likely to cave as a result. What really upsets Atlas and Dreier is that Stern misses the subtle national hand directing Acorn’s various local campaigns. This is radicalism unashamed.
But don’t let the disruptive tactics fool you. Acorn is a savvy and exceedingly effective political player. Stern says that Acorn’s key post–New Left innovation is its determination to take over the system from within, rather than futilely try to overthrow it from without. Stern calls this strategy a political version of Invasion of the Body Snatchers. Take Atlas and Dreier at their word: Acorn has an openly aggressive and intimidating side, but a sophisticated inside game, as well. Chicago’s Acorn leader, for example, won a seat on the Board of Aldermen as the candidate of a leftist “New Party.”
This is a definitively radical organization and Mr. Blackwell correctly states that, "Mr. Obama needs to explain his involvement with them."
More Problems with ACORN and Obama's Ties to ACORN