December 11-12 – Deal or No Deal?

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via Fox News

This weekend, I focus on the proposed compromise between President Obama and Senate Republicans on extending the current tax rates.  The compromise is far from perfect, since it is loaded with unwise government spending that ranges from windmill subsidies to lengthy extensions of unemployment benefits.  However, I support the compromise because extending the current tax rates is vital for economic growth and fairness.  This past week’s heated debate also clarified just how committed liberal Democrats are to socialist principles.  Wall Street Journal editorial writers got it right when they described Nancy Pelosi and the liberal Democrats’ opposition to the deal as…

“a revealing exercise in sheer ideological willfulness.  To the modern liberal mind, the Bush-era tax rates have taken on quasi-religious significance.  A tax rate even as high as 35% on estates and upper income earners isn’t nearly enough to honor this god.  Even if all of the tax cuts are extended on lower earners, and even if jobless benefits are extended for 13 more months, House Democrats won’t make the trade because their highest policy principle is to redistribute wealth and income.  They want to punish the successful, no matter the economic damage.”

Brian Kapp, Chief Financial Analyst of Kapp/Scanlon Financial Group, gave his perspective on the economy and the investment markets.  Brian is worried about low growth and a coming bout of inflation.  He also warns investors to be very cautious.

Dr. Shawn Ritenour, Professor of Economics at Grove City College and contributor to The Center for Vision and Values, expresses his concern about the Federal Reserve’s recent quantitative easing (QE2).  Shawn believes that the Federal Reserve is just trying to do too much.  His recent article on how America should avoid the economic pitfalls of Japan is on my website.

I also provide updates on the global warming cabal, the unraveling of Obamacare, and how – if left on its own – the free market can solve America’s energy challenges. To listen and to find out more, go to glenmeakem.com.

I hope you and your family are having a happy Christmas and/or Hanukkah season.

Sincerely,

Glen

Glen Meakem is a successful technology entrepreneur, venture capitalist, and conservative talk radio show host, who offers information and insights on how individuals and our nation can be more successful. Glen’s unique perspective has been shaped by his experiences as founder, chairman and CEO of the B2B internet success Freemarkets Inc – which he founded in 1995, took public in 1999, and sold to Ariba in 2004. In 2005, Glen co-founded Meakem Becker Venture Capital, a firm that invests in early stage start up companies. Concerned about the liberal political agenda that has gripped the United States and his home state of Pennsylvania, Glen launched the Glen Meakem Program in 2008. Glen served as an officer in the United States Army Reserve and is a veteran of the First Gulf War. He also earned his undergraduate degree from Harvard and his MBA from Harvard Business School. For more information about Glen and the Glen Meakem Radio Program, or to read his blog, please visit https://glenmeakem.com.

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Comments

Comment from john kerr
Time: December 12, 2010, 10:41 am

I enjoy your show on 104.7, thanks for doing it for us young people who know that the truth is out there. Thanks for being truthful.

Comment from Ryan J. Saari
Time: December 20, 2010, 11:59 am

I couldn’t agree with you more John.
Mr. Meakem’s show and Glenmeakem.com has long been my chosen sanctuary for truthiness and intelligent e-socialization.

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