Insider Alert: PG&E could be sold to Buffett!

By: The Chief

A rare Sunday alert coming from me, but I have inside information regarding a phone call placed by CA Governor Gavin Newsom. My sources tell me in the wake of the utility’s continued “zombie apocalypse,” shutting the power off for days with little or no warning, has irked our supreme leader so much he placed a call to Warren Buffett late Saturday night. No official word yet if this is the same “red line” phone Ronald Reagan installed to communicate directly with the Russians, alas here is what I have been told. Newsom has told Buffett he is fed up with PG&E’s lack of competence and morals, to the point that he wants the entire company sold and a new leadership team in place. Buffett has more than enough cash as his investment vehicle “Berkshire Hathaway” to make the purchase. My sources, (notice that’s plural) tell me Newsom wants Berkshire to buy the utility and be taken private. This will cut out as William likes to say the 90-day calendar and other reporting requirements with both Wall St, and the SEC.

Here in lies the problem, as corrupt and incompetent as PG&E is, the governor is acting illegally. He is not a shareholder, or an executive of the troubled utility. The decision to be made about a sale is up to the executives, and then voted on by the shareholders not the Governor. Why is he reaching out before another company has the chance? Is this because the city of San Francisco, where he used to infest as mayor, was rebuffed at their attempt to buy the company last week?

It’s not out of the question as Berkshire owns utilities in Iowa, Illinois, South Dakota, Nevada, and in the United Kingdom. There is no doubt he could be a qualified buyer, but why is the governor contacting him? Were prices discussed? What about concessions from the California Public Utility Commission? Since the governor appoints that board. I am sure a ton of SEC violations are occurring right now. If you are a shareholder…well, you’re getting wiped out, bondholder? Same. Union? You’ll be just fine.

Stay tuned but prepare to see movement on PG&E stock Monday, as this story will leak.

Chief

Local City Goes on Shopping Spree

By : The Chief

The editorial staff was having lunch at the salsa bar this past Monday and we discussed the goings on in a city which the Blog Father calls his adopted hometown. We discussed a myriad of different topics, arguments ensued, battle lines were drawn, red lines were crossed, and parties had to be separated. However, there was one thing we could all agree on; the City of Elk Grove, California in the Year of our Lord 2019, has finally decided to emerge from its status as a bedroom community and joined the ranks of becoming a real city. After 20 years, we were finally tired of living in the shadows of Sacramento, and with their announcement of a Soccer team coming in, we had to one up them. Boy did we ever, showing nary a regard for the taxpayers or future generations in the process.

Just to bring you up to speed, our city has a renegade history. Upon separating from Sacramento County and incorporating, we formed our own bus service (since rolled back into Sac Regional Transit), formed our own police department (now on its 5th chief of police now), subbed out the trash services because the county was overcharging us (we now pay more for services than the county customers do), built our own dog pound (again county was overcharging us), etc. But a series of moves this past several weeks have us even more flummoxed.

Elk Grove’s palatial animal shelter

Our city bought a warehouse for $1.7 million, and even paid an additional $200K in relocation costs to expand the police department…the question here is why? They tell us crime is decreasing, why the need for expansion? Also why buy? Leasing can be a far better option, and if the property falls into disrepair, you look for a new building, alas our city council knows better than we do.

Not to be outdone, we also are now the proud owners of a $70k ribbon tree for the holiday season. That’s funny because we have a Dickens Faire where we light a tree in old Elk Grove. I guess this makes sense because old town has a stigma of being racist (all our council members let this go unchallenged) and I guess we believers get an old Christmas Tree while the non-believers get a $70k ribbon tree. We all know how this story ends, the tree gets vandalized or broken over the next couple years and we have to buy another one or face a certain lawsuit.

Elk Grove Dicken’s Faire

But it gets even better. This past week, our city decided to purchase a 15-acre parcel on the corner of Big Horn Blvd and Bruceville Road in what I would call a rapidly deteriorating part of town. (If you doubt me, drop in at WinCo Foods and check out the clientele.) This property will be used for low income housing, which I am sure is funded by grant money from the state and comes with a threat of build the units or face a fine.

City buys N.E. corner lot for $2.9 million

The biggest problem we, on the editorial staff, have is the process and the price. Local Psycho Lynn Wheat tried to halt the process for further discussion when she was overruled by the entire council, who by the way “allegedly” has two Republicans on it, who claim to be fiscally responsible, allegedly. So, we are going to pay $2.9 million for this plot of land…at the height of the real estate market…for vacant land. However, even more troubling is the purchase price. The current owner bought this plot for $1 million in October of 2017. Check my stats if you want, I’ve attached links. These reeks of a government corruption issue. How can the price of vacant land more than double in 2 years? And not a single one of our council members or our beloved mayor have an issue? Not throwing any accusations, but one member, who doubles as a PG&E Vice President has a spouse who is the best-known realtor in the Sacramento County area. Surely, she would have objected right? My house appreciated in value by, call it $100K in 5 years, but for a blank piece of property to more than double in value I think an investigation should be in order.

Elk Grove Aquatic Park

Add these to our aquatic center opening earlier this summer to major fanfare only for the City to increase entrance fees after deeming then inadequate after 1 weekend. Speaking of inadequate, the same center is up to its armpits in litigation because of defective workmanship. Cost effectiveness and fiscal savvy are clearly not on display.

I guess you can say it pays to be an elected official.

Welcome to the big time Elk Grove, thankfully as William pointed out, our city is “green” according to the auditor’s website meaning our financial health is fine, who knows where this spending puts us. Soon we’ll catch up to everyone else.

The Chief

The Democrats Fell Right into Trumps 2020 Trap

Congrats Democrats, Elizabeth Warren is the leader in the club house. William eulogized Joe Biden’s failed campaign earlier, and thus it seems inevitable at this point that Warren will be their nominee. I talked to some Democrat friends of mine from time to time and they are overjoyed, as they feel any of their nominees could easily best Trump. To be honest, you have a decent stable of candidates, all have different pluses, but have major question marks that accompany them.

Actually, after some reflection, it looks like 2012 all over again. As a Conservative, I thought for sure that any candidate we had would destroy Barack Obama…and I am man enough to admit I misread the election 100%. I thought for sure Mitt Romney could do it. He was a seasoned businessman and a former governor to boot, talk about a perfect candidate! Then election night came and well, Romney got demolished. I miss read that election as badly as the Democrats are misreading this one. Allow me to explain.

Fauxcahontas

Conventional wisdom says Trump wants to face Biden or Sanders. Biden has a ton of baggage, especially now with his son being wrapped up in this Ukrainian pay to play scheme, or Sanders for being an out of whack socialist whose health is failing. (We here at Reallyright.com wish him a speedy recovery). However conventional wisdom is not always reliable. Trump and many Republicans want to face Liz Warren, for the very same reasons Trump beat Hillary. Warren, like Clinton, has a ton of baggage, from lying about her nationality…this will become a very big deal, to her odd story about being fired from her job when she was pregnant. (Keep in mind no one has corroborated this story, which is odd based on the environment we live in.) She is openly hostile toward Wall St. and very hostile toward CEO types, and the top 1%; keep in mind that quite a few of the wealthy vote overwhelmingly Democrat! She is radical on the environment, wants a very high salary floor, and rent control.

Additionally, she will be running against the “Broad Squad” who are pretty much out to set fire to any Democrat politician or nominee who doesn’t agree with everything they say. The Broad Squad are the power brokers in today’s Democrat Party. Lest you doubt me, just look at the way they have Nancy Pelosi so scared she is afraid to speak publicly.

Broad Squad

This leads me to Warren’s biggest problem, she is a committed leftist, who during the primary must kowtow to the far-left quasi socialist types. Then upon being nominated, she must try to track back toward the center to reach out to the independent types…problem is the Broad Squad is not going to stand for it! Ditto for Sanders supporters. They will do what they did in 2016; not vote or choose to vote for Trump! Sanders supporters are analogous to the Ron Paul supporters on the right a few years ago.

Race–American Indian

This brings me back to my original point. The Democrats don’t realize it yet, but they are the unsuspecting fly who is caught in the Venus fly trap. They didn’t want “Sleepy Joe” or old, crazy Bernie, so they settled on Liz Warren. Much like Republicans in 2008, they are caught in the trap. They think the trap will eventually release them, but their fate is settled. They, like the fly, will be slowly digested until come election night, they realize their dreams are over. This, folks, will be fun to watch, as Trump is salivating at the chance to take on Pocahontas in 2020, just trust us on this one. William has spoken until blue in the face in this space saying it’s CA vs the rest of the country in 2020, he will be proven correct.

The Chief

Why Race Relations Will Never Be Repaired

There will be a lot to unpack in this article, but I want to highlight a few key issues as to why race relations will never get better here. I ask you set aside any preconceived notions and put aside your bias and take this in before jumping to a conclusion. It actually is painful to write this because race relations actually got a lot better up until Barack Obama took office in 2008. It can actually be argued he set us back several generations.

1 Police Bias:

This kind of cuts both ways, the Rodney King incident, as well as the war on drugs has put scores of minorities (black, Hispanic, Asian etc.) in jail for crimes some could argue are petty in today’s world. The Rodney King incident caused the black community as a whole to no longer trust police; and as a result they mostly do not cooperate, and in some cases even shield perpetrators from justice.

Rodney King beating

As a result police look skeptically on young black men, and in some neighborhoods police even refuse to patrol out of fear for their own safety. Bottom line, the bias cuts both ways. When JJ Clavo was murdered in Del Paso Heights, the community did not help assist in finding the murderer, and the same holds true when a young/old white man in Folsom or Granite Bay goes on a crime spree and is not shot…there will always be a bias. But neither community is helping the matter

JJ Clavo

2 False Narratives:

Think Sharpton, Jackson Jr., Marcos Breton, and Benjamin Crump (the prominent civil rights lawyer) these guys decide to take a narrative they think fits the crime and run with it, and worse yet some in the media are more than happy to run with it. Examples include; hands up, don’t shoot! He was reaching for his wallet…not a gun. You can add Barack Obama too this as well saying, “If I had a son he would look like Trayvon Martin!” This did nothing but fan the flames and like anything else in this country, the partisans took sides and a screaming match ensued. Members of Congress even took to the dais and spoke about how the deceased or the police were 100% in the right and if you viewed it any other way you were a racist, or you hated the police!

3 Creating a False Prophet:

Trayvon Martin

In Florida, Trayvon Martin is viewed as a martyr. He attacked a night watchmen and ultimately paid with his own life. Regardless of what human piece of waste George Zimmerman (the watchman) did, we should not be honoring this kid. Michael Brown in Ferguson is getting a statue in his name and he is being compared to Martin Luther King Jr. Are you kidding me! This kid was hocked up on drugs and tried to steal a police officer’s service weapon to kill him. This guy is no civil rights icon and frankly he got what he deserved. Eric Garner in New York, he of “I can’t breathe fame.” He was a known criminal with a very long rap sheet to boot, including major drug usage. I will add, I think the police went too far, but at the same time when you have a record and a history, police treat you far different than someone with no record…check the stats. Stephon Clark in Sacramento? He had every drug in his body and quite a sum of alcohol, and now they are talking about naming a library after him? Huh?

This George Zimmerman did not found Men’s Warehouse

4 Hypocrisy:

In the cases of Martin, Brown, and Clark; those who defended them wanted to make sure their criminal histories, drug/alcohol abuse, and personal life info were not allowed anywhere near the trial, as to not cloud the judge/juries minds. However in the case of Amber Guyger (white police officer who entered wrong apartment and shot a black man), the prosecutor wanted all her texts/love life/history, everything you could think of included because…well somehow this was different. I guess justice for all, unless we wish to tip the scales!

Stephon Clark

5 The Amber Guyger Trial:

From the first minute, they made this into a racial crime, white police officer killing an unarmed black man, and in a sense it was true. Black Lives Matter did their usual, essentially portraying all white people as police sympathizers. Guyger, in the eyes of this young, white, male, made a major mistake that night. While I believe her testimony was a large steaming pile of crap, I feel bad for her in certain ways. First, her life is over. She, like the police officers in the other shootings, will be remembered as such for the remainder of her life. God may forgive but people do not.

Amber Guyger

Second, those clapping, whooping & hollering, and rejoicing after the guilty verdict should be ashamed. It is a courtroom not a local tavern or bar. Just remember, while Guyger may have been found guilty, her family was in attendance. Imagine the officers acting as such after being cleared of wrong doing??? Then BLM shouted and took to the streets after the sentencing phase the following day…there you go again, when you don’t get your way act out! While I will admit a sentence of 10 years, likely only being 5 years served seems a little light, just remember that the victim’s brother said he didn’t want the officer to go to jail. Also, a known police officer in prison has a target on their back for the duration of the prison stay. Lastly, this is Texas, where you are also sentenced by the jury, as opposed to a judge…most people do not want to send a peer away for a long time, especially someone with no criminal record.

6 The Guyger Trial Sentencing Phase:

I have mixed feelings about a lot of this as many of you probably do too. The optics of the bailiff stroking Guyger’s hair and comforting her do not look great; as anyone who wasn’t law enforcement would be getting handcuffed at this point. I have zero issue with the victim’s brother hugging Guyger, and the two of them showing raw emotion, actually this could have been a healing moment.

Victim’s brother hugging Guyger

I also didn’t care for the judge (Mrs. Kemp) hugging the defendant either. In this case, I do sympathize with the victim’s family. They lost a loved one and what happens? A police officer is convicted of murder, gets a light sentence, and a hug from the judge?

Judge hugging Guyger after guilty verdict

I don’t think many defendants have ever gotten so lucky. I have no issue with the judge giving Guyger a copy of the Holy Bible, actually in most of these cases, I believe the defendant should read the good book in hopes they can turn their life around and be a change agent. Fear not, a group has already filed a complaint about this judge for her actions regarding the Bible. Glad to see the atheists and agnostics decide to weigh in, and now the judge will face a commission investigating her actions. Were this in California, the judge would get a harsher sentence than the defendant.

This leads me to my conclusion.

Race in this country will continue to divide us, even long after all of us, the living are dead. To be very clear, America has a very rough history in regards to slavery and rights of others, but it is the year of our Lord 2019 and we are moving in the wrong direction. It will take leadership from all sides and making adults act like they have an IQ above that of a piece of lunch meat. I would like to see a citizen review commission created in place of the current internal affairs model that the police currently use. My reasoning is simple, “policing your own” pardon the pun will always be looked at through jaundiced eyes. Next we need so called “journalists” to quite the sensationalism. You are stoking the flames of hate and causing an unnecessary uprising. This goes for political types as well. So called leaders of the black community should focus on getting their people out of poverty and more importantly focus on the future. However none of this will happen. We no longer believe in the rule of law, instead we only believe in selective information that we deem to be factual. You have your “facts” and I have mine. You can look at any of the above examples and fallacies exist in every one….stoked by a media and partisans looking to push an agenda. Rather than trying to punish a white police officer, maybe take a page from the Jean family playbook, forgive and allow someone to move on? Except that is not in our DNA anymore. Everything now is “gotcha” and punishing one to atone for the sins of the whole. The charlatans such as Breton need to find real work and quit stirring up the natives. Also we need to be very wary of the prophet seeking profits (Sharpton, Jackson and Crump.) Race relations will never get better in this country until we try to move forward, and as I tell people, we must get into a car with a gas pedal, no brake pads, and no mirrors, the past is the past. Leave it there. We can never apologize enough, and frankly reparations are not a means to an end, just a temporary band aid.

Botham Jean

Sadly Botham Jean was killed by mistake, and he will never come back to this earth, and Amber Guyger will go away to prison and will never be the same, as she will always be connected to this tragedy. Additionally how sad that we as a country used Botham Jean, Amber Guyger, and the judge as puppets in a sick, twisted game to litigate race relations.

Sound off in the comments!

Chief

State of our Healthcare System: A Firsthand Encounter

I was involved in a car wreck earlier this year. The following is my story and commentary about the goings on. It should serve as an eye opener as far as your opinion of our healthcare system. Due to litigation, no names of doctors/clinics or nurses will be used.

I went to a local urgent care clinic to get my back examined as I had been in extreme pain from a car accident (not my fault). You check in at the counter and are handed a clip board. Also, they request your insurance card, so I produced and surrendered mine to the lady up front.

I started filling out the paperwork and as I was completing the stack of paperwork, the counter lady came out and declared they needed that back. I paused and stated that I was not one filling it out yet and she shot back “your healthcare plan doesn’t cover this.” Adding “unless you have a credit card, we cannot see you here.” She is correct, I knew this going into this visit. I have what is called a garbage policy…sorry…the politically correct term is an Obamacare bronze plan.

If you rewind to pre-Obamacare, I had the same plan: 5k deductible, 20% co-pay, and it ran $75 a month. Keep in mind I buy my own plan as an employer sponsored one is not available to me as an independent contractor. Fast forward to today. The same plan costs me $450 a month. Keep in mind this; I am very healthy and active swimming a mile every morning, lifting weights in afternoon, I do not drink anymore and have never touched any tobacco/drug product. But I digress, back to my story.

Same plan: Before Obamacare $75, after Obamacare $450

The visit costs $100 and I had a valid credit card. William and I have both spoken about the dangers of credit card debt in this space, of which I have none. They swiped the card, and I was good to go. Keep in mind if my card didn’t work or I did not own one, they would have referred me to a very, very expensive doctor also known as the emergency room. Imagine that, going to the ER for a backache, which would have resulted in a chiropractor or physical therapy referral anyways. Keep in mind, that visit could very well have cost several thousand, and well I guess I could pay, or not pay.

I saw the doctor. She prescribed some pain pills and said see you in a couple days. A few days later, lather, rinse, repeat, additional pain killers, and come back in a couple days. On my third and final visit, they finally took x-rays, I was then referred to a physical therapist. Take note, it was $100 each visit, plus $115 for x-rays. Which they were happy to collect.

In conclusion, I have no hard feelings toward this clinic, they are for profit, and obviously cater to a crowd of people like myself who have healthcare plans that are not ideal but are required to comply with law. They, unlike traditional doctors, are under no obligation to see you. I harbor no ill will regarding their initial actions toward me, since, I firmly believe in no pay, no play. As far as I am concerned, I would endorse these clinics as the first stop for all Obamacare users. We need to keep our ER for what they were made for; emergencies, not as the only option for poor/illegal/horrible healthcare plans. That being said, it is disturbing they were willing to schlep me over there to pay quite a large sum of money, and take valuable time and a room at the ER due to a sore back.

I wish to offer a solution. The urgent care needs to be the first visit for those of us who cannot see a primary care physician. This holds especially true for those on zero cost Obamacare. We need to allow the ER to be used for real emergencies, my sore back is not an emergency. The Urgent Care should serve as a “gate keeper” and be a referral center, this will free up doctors elsewhere and lower the costs for everyone.

It may not be the perfect answer, but we need something, visiting the ER for a sore back is a horrible policy—both medically and financially.

Chief

$15 Minimum Wage has already Failed

About a month ago William sent me an article about the high turnover in minimum wage jobs, specifically the service sector. The numbers in it were staggering. Per this report, over 100% employee turnover is the norm at most restaurant chains! You read that correct. On average, the entire crew and then some turned over throughout the course of a year. Panera Bread, viewed by the left as a great establishment to work, saw just over 100%.

The case of Panera Bread shows just how deep the employee turnover issue is for restaurant companies. Panera loses close to 100% of workers every year, and by fast-food industry standards that’s considered good.

The official Bureau of Labor Statistics turnover rate for the restaurant sector was 81.9% for the 2015–2017 period, but industry estimates are much higher, reaching 150%, and the problem has gotten worse in recent years. “It’s definitely been going up,” said Rosemary Batt, chair of HR Studies and International & Comparative Labor at the Cornell School of Industrial Labor Relations.

Panera is losing nearly 100% of its workers every year as fast-food turnover crisis worsens

McDonalds and Burger King’s turnover is north of 130%!!!!! The Bureau of Labor Statistics puts this number around 150% annually. That is absolutely mind boggling.

Keep in mind we have raised the minimum wage to a now “living wage” so that these people could be happy and live long prosperous lives working at these entry level starter jobs. Why are they leaving? Well the answer is complicated so I asked a friend of mine who runs a theatre for their thoughts. Basically there is lots of competition at the lowest levels. There is a need to hire 4 people to actually fill one position. Of the 4, 1 will not show up, the 2nd one will be tired of it after a couple hours, the 3rd will finish the day and never come back, and you just hope the 4th will stick around a little while. People in these jobs are fickle. If the GAP is paying $0.05 an hour more…they are taking that job. They may be treated like dirt, but that comes with the territory for a minimum wage gig. This causes a nightmare for my friend since the theatre operates on a tight budget and even a $.50 an hour increase could put them up against a wall.

Against the backdrop of struggling to hire and retain people for entry level jobs comes AOC plus 3, known here as “The Broad Squad.” These babes, voicing socialist and economic enlightenment, are now promising up to 100k a year to everyone. Surely this promise of universal income will fix the issue!

In addition to providing “economic security for those unable or unwilling to work,” the plan also promises to create “millions of good, high-wage jobs” for willing Americans.

AOC Green New Deal Promises ‘Economic Security for Those Unable or Unwilling to Work’

Never mind the accompanying price increases and inflation that go along with it! Have no fear, we will legislate our way out of this one; our country has always found a way. Under their tutelage, America may one day be as economically enlightened as Venezuela.

In reality, it must stink working at jobs like these; you are treated like trash, you work among some of the least desirable people, and worse yet, you have a manager that keeps telling you work harder. You literally see your job being automated with each passing day, be it mobile ordering, a touch kiosk, or an employee free kitchen.

However, in reality you have no one to blame but yourselves. Politicians goaded you into believing a $15 an hour wage would magically lift you from poverty, but instead it promises to doom you to a life of drudgery and servitude. Your job is being automated, and eventually eliminated. A high minimum wage means a higher required skill set, you won’t get 90 days to learn on the job, the franchisee or manager won’t stand for it. The 90 day calendar types are innovating constantly, looking to cut any expense…. news flash labor is the highest non-fixed cost. Now you are being told aim for higher wages and employer required health care, don’t fall for the bait, it will hasten your demise.

In closing, our country no longer views the college degree as a positive, it’s now required. In reality, a college degree nowadays means less than a high school diplomat did in the 1950’s. If you don’t have one, find a trade to work in, if you have a degree and are having a hard time finding work, get an MBA, but be forewarned this is a fake economy we are currently in….the crash will be rough. Oh, and you can’t file BK to get out of paying back your student loans.

You have been warned.

Chief

Do the Millennial’s Care about the Debt?

By Chief

William wrote a great article about the debt the other day and it got me thinking, which is quite dangerous by the way. The debt is absolutely insurmountable and as a millennial, it’s my future, so I asked quite a few friends of mine, for their thoughts. The answers will likely not surprise any reader of this site.

Buy now, pay forever

To put it bluntly, they do not care. Most of them work for the state/city/county and view their jobs and pensions are guaranteed. That should scare everyone, regardless of your thoughts on pension guarantees. The general approach by my generation to debt is one of apathy and compassion.

I’ll start with the latter first; it’s borne out of feelings and wanting to throw money at a problem in hope good will come from it. For example, healthcare for literally everyone and continued support of government run programs such as: food stamps, and other social justice programs into infinity. We want to give the homeless guy/girl/it a place to live, and 3 square meals a day along with spending money in hopes he will get a job…it doesn’t happen. However, we will keep trying because, we’ll just throw more money at it, and it eventually works itself out right?

Now to the apathy part; debt is already a large part of our lives, mostly via student loans. We just view all debt as, well it’s there and as long as I make the payment, I’m good till next month. We see ourselves in massive debt and just assume we will eventually take care of it…. or we petition the government to get rid of it. Much like the 65,000 people who have applied for their loans to be forgiven only to be rightfully denied by the government. We know it’s there and it’s a part of our lives, but we don’t take it seriously.

However, the ones most at fault are the older generations (55-75). They are responsible not just for running up the tab on generations not yet born, but for installing in us a belief that debt is not a big deal. They removed any personal finance/budgeting classes from our school system, and never really gave us an allowance or anything while we grew up. They also, claiming it was for our own good, outlawed minors from virtually every type of work they did when they were growing-up.

For my generation, our budgeting consisted of, hey dad I need $100 for jeans, and you gave it to us. We never had a checkbook just plastic, which again allows you to run up debt at an alarming pace under the guise of buy now, pay later. You told us college was an investment in our future, so we went to college and ran up six figure student loan debt. We needed a car and instead of getting an economical used vehicle, we got a sporty type car fresh off the lot, and a loan to boot. Credit card, auto loans, and student loans created a toxic cocktail that is just starting to show its affects.

Just to be clear here, I’m not placing the blame of the debt on anyone, just the attitude of the millennials. We do not view a paycheck as wages for services rendered, we view it as money to spend. We don’t view credit cards as for emergencies only, we view it as a means of satisfying ourselves with short term happiness. We do not see this as money being spent, it’s just the swipe of a card, then the bill comes. But that’s ok, because we only have to pay a very small portion of the bill, then we keep spending. Our debts? Well almost every liberal politician, and probably some so called Republican ones, talk about wiping out our debts…therefore we vote for them. Debt to us is just a way of life, and we see a paycheck and annual mandated cost of living raises as a way by which to pay for it.

In closing, I will add this, I am a 33-year-old millennial who has no student loan debt, never had any, and I have no credit card debt. I own a house so there is debt there; however, I see it as at least having equity as opposed to paying a landlord in exchange for nothing. I am very lucky but none of my friends choose to live their lives like me; instead, they have mountains of student loan debt, credit card debts, and expensive car payments to boot. They make minimum payments, and all have nicer stuff than me. Their attitude is the government will bail them out at some point, or just wipe away the debt.

Poof, your debt is gone
Lather, rinse, repeat

Owe money to the IRS just call a number…poof gone. Too much credit card debt…. personal bankruptcy…poof gone. Mortgage on a house you don’t like anymore…. walk away. Best of all regarding the last 2, (credit cards and mortgages), in several years you can do it all over again. However, my generation, like many others, is in for a real wakeup call soon because those rules do not apply to our nation’s debt. Your pension is not likely to be guaranteed–at least not at the levels they predict. Your government job may be cut, and Social Security for those of us in the private sector, is likely a figment of our imagination or soon will be.

Feel more secure yet?

Chief

My take on the Nextdoor App and other Message Boards

by Chief

Blog Father did a really good job on Nextdoor. I want to elaborate just a touch further on the topic of message boards on the internet. Nextdoor was actually a useful source for the first couple years I was on it. As a new homeowner in a mostly starter home neighborhood, I wanted to know the goings on around my new digs. There was good information on it initially, crime, new stores, garage sales, giveaways…then it all changed.

The night I cancelled the app, it seemed like all of Elk Grove was chiming in about a neighbor (nowhere near my house) whose camera picked up a couple of youths seeming to be casing the neighborhood. The back and forth among adult men and women was atrocious, allegations were thrown, assumptions were being made…..yikes. It was all the normal bars; are you sure they were casing? Why didn’t you do something about it? Were they Black? Mexican?

The only redeeming quality for the site was you had to post under your actual name, not an internet pseudonym, (more on this later), and it had the neighborhood where you lived listed as well. It devolved into neighbors playing Salem Witch Trial type gotcha’s on one another. My neighbor is playing music too loud! Look out for this truck because my neighbor’s kid drives too fast! How dare you let your dog off the leash to play fetch in the park! I’m off the app, I see it hasn’t changed and I’m glad I waste no more time on it.

Basement bomber in action

Now on to something far worse, comment sections and message boards, the free type. This is the worst of the worst. Anyone can make a free account, it takes only minutes, and most create several free accounts. From there…well, let hell rain on everything. Whatever you think about Trump on Twitter, it’s tame compared to what these folks post. Check them out yourself. Yahoo.com, almost any message board, online newspaper, forum, you name it. Heck you should see what we get in our spam filter on this blog. If you insist on checking out my claim yourself then I recommend showering afterwards because it is a sewer in there. Right, left, middle, young, old, it’s almost all retirees and non-stop cable watchers, but boy is it bad. I’m positive not a single normal person posts there, it’s just a bunch of hot take machines arguing back and forth about the dumbest stuff.

In conclusion, sadly, this is where we are as a country now. You can be totally anonymous on a message board and spew your filth all over the internet unchecked. It gives the unemployed, retired, and those who are just not bright an avenue to feel important. I agree with William, they just hit F5 on their desktop all day looking for a fight to pick or an argument to make. But I guess to some, it gives power to the few to try to have influence over us all. These folks do to the Internet what the homeless do to San Francisco’s sidewalks. Sad state of affairs we live in now.

Chief

Elon Musk now Peddles Car Insurance

By Chief

We had an editorial board meeting here at Really Right last week when the news was dropping about Tesla rolling out their in-house auto insurance department. We agreed to let Aaron Park take the first crack at this one, since you know, he’s an insurance agent and all. Aaron didn’t act, so we feel we must report so the people can decide.

It was announce that Tesla has formed its own insurance company, drum roll please……….. Tesla Insurance. Oh, the millions I’m sure that were burned on that one. The consulting firm that came up with that name is one of pure genius. This new division offers insurance, but only to Tesla drivers in California, which is strange, this being, well… California. You see, California has the most diverse rating factors of all the states in the union outside of Michigan. This is very puzzling.

Tesla’s insurance license with the state of California lists the automaker as a property-broker agent and a casualty-broker agent. The documents show the license has been active since August 2017.


Like the auto industry, insurance is a low-margin business, as increased competition has made the costs of acquiring customers more expensive, Krzysztof Kujawa, the chief product officer at the insurance-shopping website Gabi, said. That means Tesla Insurance may not drive profits for a company that has posted losses in all but four quarters since going public in 2010.

Tesla’s new insurance program prompted some early questions amid a bumpy rollout

Correct, Tesla is now: a dealer, a financer, and an insurance company all in one. Sounds like Elon is trying to mimic the Oracle of Omaha with this take on vertical marketing.

Berkshire Hathaway’s (NYSE: BRK-B) (NYSE: BRK-A) Warren Buffett argued in the company’s annual shareholder meeting earlier this year that Tesla’s decision to get into the insurance business could be a mistake. “It’s not an easy business,” he said. Buffett knows a thing or two about insurance. Not only is GEICO a Berkshire subsidiary, but Berkshire owns insurance companies that insure other insurance companies. “Our [insurance business] has been the engine propelling Berkshire’s growth since 1967,” Buffett wrote…

Tesla Is Getting Into the Insurance Business

However, this arrangement raises a set of questions that Elon will never be able to answer, and even better I spoke to the California Department of Insurance and they couldn’t answer either. First off, Tesla has a unique reputation of blaming the driver, not the car for anything that goes wrong. They use their vehicle’s telemetry logs and recordings to back this up; as far as insuring the vehicle goes, do the claim reps have access to this or does an independent third party? Well, it won’t be a third party…so scratch that. That is disturbing. Is this a backdoor way to limit product liability? But like the Ronco Knife sales guy on QVC says…but wait there is more!

Tesla is making a bold claim that customers will save 20% over their current carrier but savings can be up to 30%!

“Starting today, we’re launching Tesla Insurance, a competitively priced insurance offering designed to provide Tesla owners with up to 20% lower rates, and in some cases as much as 30%,” the company said in a blog post.


“Tesla Insurance offers comprehensive coverage and claims management to support our customers in California, and it will expand to additional U.S. states in the future.”

Tesla says its insurance is now available in California

I am not sure this is a great promise to put out there, as with most commercials you see on TV from other insurance carriers, such statements are heavily disclaimed at the bottom of the ad. It is a very bold claim to say you can reap that kind of savings from a company who only insures Tesla’s over larger carriers with far more exposures to mitigate their risk. This creates bad will with your vehicle owners not to mention distrust. In addition, how can you be so sure your price is that much better…. most companies offer a bundled discount with home and additional vehicles. I hope they did their research on this one, yet something tells me they didn’t.

Tesla’s capitalization structure should be called into question as well. For example, at my company: Auto/home/life/health/bank/mutual fund businesses are all separate and must have separate capital to prove solvency. This capital must be held in separate reserve accounts, and in the case of Tesla, the California Department of Insurance (CDI) will look at their books every year to prove compliance. Just to point out that pretty much every pundit in the field has major questions about Tesla’s finances. Given that the company is burning through cash, issuing additional stock, taking out high risk loans, and their only real source of income is selling climate credits, I think you have to ask the obvious question….

How will Tesla pay out claims? Remember, Tesla may have extensive info on their own cars, but what about the car their driver hits? What about injury accidents? Will Tesla only allow the vehicles to be repaired in-house, even though this violates CA insurance laws? Will they even fix claimant cars, or will they be like AAA and just say fix it yourself and send us the bill? Too many questions here for me.

Tesla owners have dealt with high insurance costs due in part to the relative difficulty of finding replacement parts and qualified body shops. AAA raised insurance rates for Tesla vehicles in 2017, though Tesla argued that AAA’s decision was “severely flawed” because it compared Tesla’s Model S sedan and Model X SUV against dissimilar competitors.


Tesla’s have long been a question mark for insurance companies, Business Insider Intelligence analysts say, due to their built-in sensors and Autopilot software. In 2017, AAA said that Tesla owners should pay more than traditional vehicles due to “abnormally high claim frequencies,” Automotive News reported in 2017.

Tesla says its insurance is now available in California

I called the CDI about Tesla Insurance and they too were short on answers, like how they are capitalized, and their company structure (claims/underwriting/service/sales/special investigations etc.). Actually, more disappointing, a contact I have in this regulatory agency suggested Elon may have been able to put one by Ricardo Lara (the elected commissioner) because they are a “green friendly” company. Or maybe Lara owed Elon a favor after getting elected? Lara, like Aaron Park, has a policy of contributing to him first if you want an endorsement.

Final thought here, and likely the most disturbing, by the way. Look at the exposure Tesla has (there are not many) but look where their customers are all located (mostly coastal areas). What if a wildfire strikes that is similar to the magnitude of the one in Napa a few years ago? (Or the Oakland Hills fire many years ago) Such losses to a small company could be enough to wipe them out, and let’s not kid ourselves, Tesla’s are not cheap cars as referenced by their price.

Chief

Carli Lloyd Wants to Play in the NFL! Huh?

By Chief

In case you missed it, last week USWNT soccer player Carli Lloyd was invited to a joint practice between the Eagles and Ravens, two NFL teams. During the practice Lloyd went out and kicked a few 55 yard field goals and made them…which is saying a lot as offseason kicking is through a much smaller goal post than used during the regular season. It went viral and started rumors she could play for an NFL team, and as recent as today, she claims a team offered her a chance to kick in a game Thursday.

Okay, let’s snap back to reality for a minute here folks and get serious.

But first let me throw this out there, it’s very cool she had her moment. At 37 years of age, she is in the twilight of her soccer career as witnessed by her being a substitute during the World Cup. Her being able to drill a kick like she did is awesome because it was a no-win situation. Hear me out, she made the kick, and she went viral, a couple Ravens players even say she should get a try-out. Flip side, she misses the kick and all the alpha male types call out “stick to the kitchen” “it’s a man’s game” etc., etc. You know the type. But she made the kick the offers apparently have come in…and Lloyd is considering trying out next year in a real game. Big mistake if she takes them up, take it from me, I played in High School.

What she was doing was akin to going to a local high school or junior college and while wearing athletic attire kicking from the 45 (the end zone adds 10 yards) against air. Folks it’s one thing to kick field goals wearing soccer cleats, gym shorts, a sports bra and that’s it. I will allow fellow writer, The Troll, to speculate on whether or what type of underwear she was wearing…however, her being married means he should just move on or keep longing for Hope Hicks. The NFL requires players to wear football cleats (ask any of us, there is a big difference) shoulder pads (try wailing your arms out like she does when she was kicking…you can’t). In addition you must wear a girdle consisting of pads on both hips, and a tail bone pad, now you can have smaller pads but they must be worn, adding another difference to her normal uniform. She would not have to wear thigh or knee pads, since the kickers typically don’t. She would have to wear a helmet impeding her vision as well. She also took about 5 steps to kick, in the NFL you get about 2…it makes a difference. Also she will be kicking while facing 11 guys trying to block the kick.

George Blanda retired from pro football in 1976 as the oldest player to ever play at the age of 48. He was one of only two players to play in four different decades. He was a quarterback and then kicker.

It’s a safety issue more than a gender issue. This was even pointed out by Keenan Allen who plays for the Chargers, what happens if the kick is blocked? Remember kicking in the preseason means you are playing against people trying to fight for a couple open slots on the roster, not a bunch of laid back starters going through the motions. I hate to say this but I would take bets one or two players intentionally try to “blow her up” to just send a message to all females. When a kick is blocked, you cannot just get out of the way…more players have been injured in the outskirts of the play or pile than in the pile. Think those guys want a girl to score on them? A message would be sent.

In short, Carli you have had a great career and in my opinion you are an excellent role model for all young women in this country. Not to mention you called out your pink haired, looney teammate who kneeled for the national anthem. Carli, you and any women who feels they can hang, are more than welcome to kick back and if the coaches allow you, sure take a few kicks during practice. But kicking in a game situation would very likely result in serious injuries and possibly debilitating ones. My thoughts about your attractiveness aside (you’re very good looking), use your platform as a world champion and keep speaking your mind about things you care about. You had a great few moments in the spotlight, but when your friends tell you most NFL kickers play into their 40s they have also been training for this their entire life, you just started. Painkillers and steroids are also rampant in the NFL and most of those guys are hawked-up to the point they cannot think straight. Your NFL dreams may get crushed before they start. Think about it.

Chief