Herb Kay's S.O.S. System
  July 28, 2010
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Electricity in the Air......
 

Should you buy an electric car?  I ask this because I saw yesterday that GM has announced that the price of a Chevy Volt, its new electric car, will be $41,000.  What do you get for that? Well, it is likely eligible for a $7500 tax credit which is a cash rebate in affect from the government, so that drops the price to a net $33,500 and for that you get a car that can go 40 miles on a charge with a small motor inside for emergencies to charge the battery and get  you home.  You will use no gasoline, plug it in, and be totally clean for the environment... unless you count what to do with the battery of the car, which is huge and filled with acid, when it is spent.  No one has figured that out just yet.  And does paying that much money for this car outweigh, say, buying a tricked out Mini-Cooper for less and getting over 40 miles per gallon, going a lot faster a lot further?  Hmmmmm.....why is there a rebate in the first place?

Could it be that without it this car makes no sense at all?

Not to be outdone, Nissan has its Electra coming out at the same time for $33,000 - less then rebate, so it is even cheaper.  I saw this one up close.  It is a tiny car that goes, oh, about 40 miles and again the question needs to be asked, how does it stack up to say, a Toyota Corolla which is the same size, costs half as much, and goes a lot further and faster?  Hmmmm.....not too well without that rebate again!

Here is the thing; I love the planet as much as the next guy, and maybe more as an avid fisherman and outdoorsman.  But, does a little less CO2 justify a third more expense and a battery to dispose of later that is more toxic than the exhaust?  Are we all on some mad bender of technology that advocates building and using anything that we can conceive, and if doesn't make any sense, have the government subsidize it?  Hmmmm....I wonder what would happen if we just took the gloves off on oil exploration here in the continental US and Alaska?  I wonder what would happen if we allowed exploration wherever the oil was, with reasonable environmental protections, of course?

I wonder if there isn't a ton of oil out there still, no real demand for alternative energies that even in the best case scenario don't go far and can't tow a boat or trailer?  I mean, this is America; we do a lot of stuff on our roads and in our wide open spaces that require power and performance from cars to bass boats to ATVs to RVs to hauling most of our freight by 18 wheeler.  Are we really going to be converting willingly to Smart Cars and Electric Cars which are essentially big golf carts?

I wonder if we would be doing any of this without government stimulus and if we would all be better off if we let the free market dictate our choices and see what comes naturally down the road.  I mean, every dollar we divert to stuff people don't instinctively want might be better spent and invested by the people who made it in the first place and produce more goods, services, wages, and satisfaction, no?  I think yes, but what do I know?  I'm no all-knowing politician.