TALK & OPINIONS BY SILVIO CANTO JR.

We discuss politics, sports and a few extras!

Archive for August 14th, 2016

The week in review with Bill Katz, the editor of Urgent Agenda

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Guest: Bill Katz, the editor of Urgent Agenda………we will look at the state of the 2016 election…….more Trump controversies and Clinton emails……..the role of the media……….the 35th anniversary of the Reagan economic package that stimulated the US economy in the 1980s………..the GOP and African Americans………the Democrats and the white vote…….the shooting in Milwaukee and more violence……………and other stories of the week………………..

Click the link below to listen:

Source: The week in review with Bill Katz, the editor of Urgent Agenda 08/14 by Silvio Canto Jr | News Podcasts

Written by scantojr

August 14, 2016 at 10:00 pm

We remember Barbara Gibb, mom of Bee Gees

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Barbara Gibb died in Florida this week.   She was 95.   We remember her as the mom behind The Bee Gees and Andy Gibb.    

She married Hugh Gibb during World War II and they had 5 children, the 4 pop singers and a daughter.    Barbara lived in Florida after her husband passed away in 1992.

Written by scantojr

August 14, 2016 at 4:30 pm

Posted in Pop music

Happy # 72 to Steve Martin

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steve-martin-main

We say happy # 72 to Steve Martin, one of the best actors of the last 40 years.   Martin has played several roles, from his antics on “Saturday Night Live” to others.   He is funny and that’s all I can say.    

Who can ever forget “King Tut”?

 

 

Written by scantojr

August 14, 2016 at 8:30 am

Remember the stimulus that did stimulate?

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(My new American Thinker post)

It was 35 years ago that President Reagan signed ERTA or The Economic Recovery Tax Act of 1981.  It took a couple of years, but it was “Morning in America” when President Reagan was reelected in 1984.

ERTA kept a promise that Mr Reagan made in 1980:

The ERTA included a 25 percent reduction in marginal tax rates for individuals, phased in over three years, and indexed for inflation from that point on. The marginal tax rate, or the tax rate on the last dollar earned, was considered more important to economic activity than the average tax rate (total tax paid as a percentage of income earned), as it affected income earned through “extra” activities such as education, entrepreneurship or investment. Reducing marginal tax rates, the theory went, would help the economy grow faster through such extra efforts by individuals and businesses. The 1981 act, combined with another major tax reform act in 1986, cut marginal tax rates on high-income taxpayers from 70 percent to around 30 percent, and would be the defining economic legacy of Reagan’s presidency.

Reagan’s tax cuts were designed to put maximum emphasis on encouraging innovation and entrepreneurship and creating incentives for the development of venture capital and greater investment in human capital through training and education. The cuts particularly benefited “idea” industries such as software or financial services; fittingly, Reagan’s first term saw the advent of the information revolution, including IBM’s introduction of its first personal computer (PC) and the rise or launch of such tech companies as Intel, Microsoft, Dell, Sun Microsystems, Compaq and Cisco Systems.

In the end, “Reaganomics” proved to be an electoral success even if deficits were a bit uncomfortable for many of us.  I agree with The Tax Foundation that it was a “watershed event in the history of federal taxation,”  I just wish that spending had been controlled more.

Unlike the Obama “stimulus,” the Reagan plan put its faith in the private sector and US businesses. The Obama stimulus was focused on helping their supporters, including unions and many very wealthy supporters, as John Lott wrote in 2004.   

And this is why we remember the stimulus that stimulated in the 1980’s!

P.S. You can listen to my show (Canto Talk) and follow me on Twitter.

Written by scantojr

August 14, 2016 at 7:15 am

Posted in US politics

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We remember Mark Fidrych (1954-2009)

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FIDRYCH

Mark Steven Fidrych was born on this day in 1954.   He died in a farm accident in 2009.

In 1976,  Fidrych became the most popular player in baseball.    He had a great season and even started the All Star game:   19-9, 24 complete games and a 2.34 ERA.    He went 10-6 for the next 4 seasons and battled one injury after another.    By 1981, he was out of the game!

In 1976, Mark became the talk of baseball with his pitching, antics on the mound, his genuine exuberance in playing the game, and his “just folks” persona that made a permanent impact on the American public and brought Fidrych his lasting fame, making him one of the most inspirational players in the history of the game.    

He was baseball’s “one hit wonder” but touched the thousands of fans who turned out to see him in Detroit and every other park in the AL.      

 

 

 

Written by scantojr

August 14, 2016 at 7:00 am

Posted in Baseball

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