Third Point’s Daniel Loeb again wields his acid pen to criticize White House leadership: "It is increasingly difficult to avoid the conclusion that while Washington burns, Pres. Obama is fiddling away by insisting that the only solution to the nation’s problems - whether unemployment, the debt ceiling or deficit reduction - lies in redistribution of wealth." [View news story]
The VA. You always hear complaints about VA care, but because they're automated, and because they're single-payer, they cost less per patient than any other health care service in the U.S. And with a population far more prone to disease and damage than what any private insurer would deal with.
Think about it. It costs less to care for a 67 year old disabled Marine veteran than it does a healthy 40 year old under private insurance.
Why? Because questions of money go away. Because it's a unitary computer system. Because the the mission matters to the caregivers.
Again, you can argue all you want about quality. Just look at cost. More care for less money. From a single payer system than from any private health care system.
Want to get into a fight with a hero? Tell him you're going to take away his VA care and give him a "voucher" to pay for private care. But make sure your own health insurance premiums are paid before you do it.
That's just one example. AHLTA, the military's system, costs less per patient. Medicare costs less per patient. Medicaid costs less per patient. From a cost standpoint private insurance doesn't cut it. You can argue about quality all you want, but from a cost standpoint the experiment has been run, and government won.
I know Republicans would like to believe that, and they're being encouraged to it by Democratic discouragement over what is already being offered. But the cards aren't all on the table, and in the end the President -- of either party -- almost always wins these confrontations. Reagan did. Clinton did. Even GW Bush did.
I don't think that's accurate. I think an immediate cut in government spending anywhere near that magnitude would cause a quick recession, however, and that would cause a downgrade.
Government spending is spending. It's jobs, and money in peoples' pockets. Take that away quickly, as states are doing right now, and you get significant downdraft in the economy.
A scary thought from MKM Partners: "The current debt ceiling impasse has the same feel to it that the TARP vote did back in 2008. Back then, TARP failed to pass the House on the first vote, but went through after the DJIA fell nearly 1,000 points in a single day as a result." Such a scare might be the only way to spark bickering lawmakers to pass an otherwise "unpassable" plan. [View news story]
No the tax code doesn't. Incomes above $250k are treated much differently. Hedge fund managers pay 15% capital gain rates, not income rates. And all income over $106k is free of social security tax.
The really rich are treated much better by the tax code than the poor schmoes making just $250k.
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
Many analysts have told you where to put your money if you believe default is imminent. European stocks, Euro-denominated assets generally. I think some funds with heavy exposure to China might do well, too.
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
Most of what you've written here are either things you have no evidence for or assumptions based on bias. You can vote against him next year if you don't like his performance.
Barack Obama is not a socialist. Period. If you claim he is then you don't know what socialism really is. He did not pass a single-payer health care system, he did not nationalize any banks. He has done nothing to interfere with our democratic processes. Quite the contrary.
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
Democrats hold a majority in the Senate. The 14th Amendment would hold. More important, it would be popular, assuming enough damage has been done before it's invoked to make things real to investors. Like you.
A scary thought from MKM Partners: "The current debt ceiling impasse has the same feel to it that the TARP vote did back in 2008. Back then, TARP failed to pass the House on the first vote, but went through after the DJIA fell nearly 1,000 points in a single day as a result." Such a scare might be the only way to spark bickering lawmakers to pass an otherwise "unpassable" plan. [View news story]
The TARP analogy is precisely correct. This doesn't end until the pain becomes real.
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
Investors don't find the idea of a default credible yet. When they do, Mr. Barofsky will change his tune.
It won't be too late to save most positions, because the President will act under the 14th amendment, but this can't end until the threat becomes real.
Every parent with kids attending or preparing to attend college knows this, but here's the graph to prove it: There's a bubble in U.S. college tuition costs, as the rate of increases over the past 30-plus years far exceeds overall consumer prices and even the rise in house prices. [View news story]
It's been going on longer than that. As prosperity increases, the cost of labor relative to the cost of goods goes up. Colleges use a tremendous amount of highly-skilled labor to do what they do, thus their costs go up more than the norm. Add the land and infrastructure costs and the inflation rate seems reasonable.
What doesn't seem reasonable is the quality of the product they put out relative to its production cost. Many aspects of education should be subject to greater automation and systemization. The problem, as we've found in K-12, is defining the content of each course. Too many people think "The Flintstones" was a documentary.
I don't think the editorial stance of a publisher matters at all when evaluating a publishing house. What matters is whether you define and serve an audience, whether you bring it products and services the audience will buy, whether you help those who see your audience as a market sell to them.
Third Point’s Daniel Loeb again wields his acid pen to criticize White House leadership: "It is increasingly difficult to avoid the conclusion that while Washington burns, Pres. Obama is fiddling away by insisting that the only solution to the nation’s problems - whether unemployment, the debt ceiling or deficit reduction - lies in redistribution of wealth." [View news story]
The performance of the President has not been perfect. I agree about the banksters.
But TARP and the stimulus workrf. Ask anyone working at GM, Ford or Chrysler. Ask anyone in the health IT field. Private sector employment has been increasing for over a year now.
As to the "extra entitlement." The Affordable Care Act is far from perfect, but it will cut costs to business over time, from what they would have been. We know that from the history of other places that have done the same things. They pay less than we do and get better outcomes. Medicare, Medicaid, and VA care all cost much, much less, per patient, than private insurance and get equivalent outcomes.
I don't happen to think the economic problem is the one we're discussing. I fault the President for that. But to call this man horrendous, given the ferocity of the opposition, and the problems he inherited, is unfair.
Third Point’s Daniel Loeb again wields his acid pen to criticize White House leadership: "It is increasingly difficult to avoid the conclusion that while Washington burns, Pres. Obama is fiddling away by insisting that the only solution to the nation’s problems - whether unemployment, the debt ceiling or deficit reduction - lies in redistribution of wealth." [View news story]
Every economic cycle has winning and losing industries. If you're in real estate, you're right -- the Bush years were mostly good ones. But the party ended, and you still haven't gotten your head around the fact that it was all done with borrowed money on phony "assets" that had nothing to do with real value.
Playing the Debt Crisis: Go Short but Anticipate a Rally [View article]
I think the President is the smartest politician we've had in the office in my lifetime. Everyone he ever worked for admired the quality of his mind, and so far he hasn't disappointed me.
You are absolutely right about one point. Individuals must look after themselves.
Third Point’s Daniel Loeb again wields his acid pen to criticize White House leadership: "It is increasingly difficult to avoid the conclusion that while Washington burns, Pres. Obama is fiddling away by insisting that the only solution to the nation’s problems - whether unemployment, the debt ceiling or deficit reduction - lies in redistribution of wealth." [View news story]
Think about it. It costs less to care for a 67 year old disabled Marine veteran than it does a healthy 40 year old under private insurance.
Why? Because questions of money go away. Because it's a unitary computer system. Because the the mission matters to the caregivers.
Again, you can argue all you want about quality. Just look at cost. More care for less money. From a single payer system than from any private health care system.
Want to get into a fight with a hero? Tell him you're going to take away his VA care and give him a "voucher" to pay for private care. But make sure your own health insurance premiums are paid before you do it.
That's just one example. AHLTA, the military's system, costs less per patient. Medicare costs less per patient. Medicaid costs less per patient. From a cost standpoint private insurance doesn't cut it. You can argue about quality all you want, but from a cost standpoint the experiment has been run, and government won.
House Speaker John Boehner's debt plan is going nowhere, as it faces opposition in his own party and Pres. Obama threatens a veto. Sen. Harry Reid's plan, or a modified version of it, that even Larry Kudlow seems to like now appears to be the only remaining way out of the impasse. [View news story]
House Speaker John Boehner's debt plan is going nowhere, as it faces opposition in his own party and Pres. Obama threatens a veto. Sen. Harry Reid's plan, or a modified version of it, that even Larry Kudlow seems to like now appears to be the only remaining way out of the impasse. [View news story]
Government spending is spending. It's jobs, and money in peoples' pockets. Take that away quickly, as states are doing right now, and you get significant downdraft in the economy.
A scary thought from MKM Partners: "The current debt ceiling impasse has the same feel to it that the TARP vote did back in 2008. Back then, TARP failed to pass the House on the first vote, but went through after the DJIA fell nearly 1,000 points in a single day as a result." Such a scare might be the only way to spark bickering lawmakers to pass an otherwise "unpassable" plan. [View news story]
The really rich are treated much better by the tax code than the poor schmoes making just $250k.
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
Barack Obama is not a socialist. Period. If you claim he is then you don't know what socialism really is. He did not pass a single-payer health care system, he did not nationalize any banks. He has done nothing to interfere with our democratic processes. Quite the contrary.
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
A scary thought from MKM Partners: "The current debt ceiling impasse has the same feel to it that the TARP vote did back in 2008. Back then, TARP failed to pass the House on the first vote, but went through after the DJIA fell nearly 1,000 points in a single day as a result." Such a scare might be the only way to spark bickering lawmakers to pass an otherwise "unpassable" plan. [View news story]
The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.” [View news story]
It won't be too late to save most positions, because the President will act under the 14th amendment, but this can't end until the threat becomes real.
Every parent with kids attending or preparing to attend college knows this, but here's the graph to prove it: There's a bubble in U.S. college tuition costs, as the rate of increases over the past 30-plus years far exceeds overall consumer prices and even the rise in house prices. [View news story]
What doesn't seem reasonable is the quality of the product they put out relative to its production cost. Many aspects of education should be subject to greater automation and systemization. The problem, as we've found in K-12, is defining the content of each course. Too many people think "The Flintstones" was a documentary.
Can AOL Be Saved? [View article]
Third Point’s Daniel Loeb again wields his acid pen to criticize White House leadership: "It is increasingly difficult to avoid the conclusion that while Washington burns, Pres. Obama is fiddling away by insisting that the only solution to the nation’s problems - whether unemployment, the debt ceiling or deficit reduction - lies in redistribution of wealth." [View news story]
But TARP and the stimulus workrf. Ask anyone working at GM, Ford or Chrysler. Ask anyone in the health IT field. Private sector employment has been increasing for over a year now.
As to the "extra entitlement." The Affordable Care Act is far from perfect, but it will cut costs to business over time, from what they would have been. We know that from the history of other places that have done the same things. They pay less than we do and get better outcomes. Medicare, Medicaid, and VA care all cost much, much less, per patient, than private insurance and get equivalent outcomes.
I don't happen to think the economic problem is the one we're discussing. I fault the President for that. But to call this man horrendous, given the ferocity of the opposition, and the problems he inherited, is unfair.
Third Point’s Daniel Loeb again wields his acid pen to criticize White House leadership: "It is increasingly difficult to avoid the conclusion that while Washington burns, Pres. Obama is fiddling away by insisting that the only solution to the nation’s problems - whether unemployment, the debt ceiling or deficit reduction - lies in redistribution of wealth." [View news story]
Playing the Debt Crisis: Go Short but Anticipate a Rally [View article]
You are absolutely right about one point. Individuals must look after themselves.
Interdigital Can Force the Future to Pay for the Past [View article]