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Dana Blankenhorn

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  • 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 jury is not out on VA care. It works. It's cheap. It's single payer, and as American as apple pie.

    By the way my dad was also a vet who never went to a VA hospital in his life. Once he got out of WWII, he never wanted to be associated with anything having to do with military life again. The only evidence I ever saw of his service was a news clipping my mom found, about him and his brothers all serving.
    Jul 27 03:20 PM | 1 Like Like |Link to Comment
  • 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]
    Ah, if the world only worked the way you think it does, like a well-wound watch. There are millions of educated, long-term unemployed around, people who can't get jobs and are being discriminated against in the job market because they've been unemployed so long.

    Government distorted the market by providing education to millions, and that's a distortion I support. It's the destruction of public education in our time that is the greatest threat I know of to our prosperity -- especially that of the rich.
    Jul 27 03:17 PM | 1 Like Like |Link to Comment
  • 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]
    With wise comments like that, you're going to have to change your screen name, Tricky. <g>
    Jul 27 03:15 PM | Likes Like |Link to Comment
  • 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]
    Unfortunately, collapsing the international financial system just to prove your point would have hurt you terribly. Much worse than you're being hurt now.

    The mortgages were turned into Collateralized Debt Obligations and pushed around the world, propping up many nations' financial systems, and the world economy. Those nations trusted our word -- America's word under America's law -- that they would be made whole.

    Yeah, shouldn't have done it. Yeah, criminal law. Blah blah. Yeah, capitalism. But the real world isn't like your Galtian dreams, I'm afraid.
    Jul 27 03:13 PM | 2 Likes Like |Link to Comment
  • Ford Could Become Dividend Stock in 2012 [View article]
    There will be no recession. And there will be no union militancy. Ford has $35b in cash. A P/E of under 8. How can that be speculative?

    Because you don't believe in the American car industry and the American worker?

    Well, I do.
    Jul 27 02:10 PM | 3 Likes Like |Link to Comment
  • 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 investor is a redistributionist. We seek to redistribute wealth to ourselves.

    Same's true for every gambler.

    But the best redistributionists are those who control the banks and casinos. My biggest problem with this Administration remains its failure to rein those folks in. When the government isn't big enough to control every actor, the uncontrolled actors become the government.

    Guess we're in President Dimon's second term now...
    Jul 27 01:49 PM | 1 Like Like |Link to Comment
  • 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]
    Uh, no. You borrow $1 trillion for wars of choice, you borrow $1 trillion to give to your friends, you turn the regulated into the regulator, then you throw up your hands and call it inevitable when it all comes crashing down?

    Responsibility needs to be placed where it belongs or we get the same result again.
    Jul 27 01:47 PM | 1 Like Like |Link to Comment
  • 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]
    I believe GM has paid off. And AIG is in the process of doing so through stock sales.
    Jul 27 01:45 PM | Likes Like |Link to Comment
  • 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]
    Your "redistribution of wealth" line is just another term for "tax fairness." Those who get the most from government should pay more for it.

    After a decade of class warfare on behalf of the ultra-rich, successful class warfare mind you, it's amazing there's not more call for a little payback.
    Jul 27 12:50 PM | 1 Like Like |Link to Comment
  • 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]
    Leave Mitt Romney al-o-o-o-o-o-ne! <g>
    Jul 27 12:19 PM | Likes Like |Link to Comment
  • Rare earth miners are shooting higher after a paper from GE's Lighting division, which relies heavily on rare earth minerals, states that "further price increases seem highly likely." GE also suggests stockpiling by dealers due to soaring prices is making a bad situation worse. MCP +5.3%. REE +4.9%. SHZ +7%. AVL +4.7%.  [View news story]
    GE has plenty of cash to solve this problem by buying a rare earth mining co.
    Jul 27 12:13 PM | Likes Like |Link to Comment
  • 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 reason we "spent two years on Obamacare" was because health care costs were the primary drivers of our deficits, and getting them under control the first step toward fiscal sanity.

    Republicans long argued that the only way to get that control was to make sure everyone was in the pool, and that is mainly what happened. But we've also added IT that will get the data needed to make things more efficient, even for those on private insurance.

    Silly to demand an apology for doing what Mitt Romney did in Massachusetts.
    Jul 27 12:03 PM | 2 Likes Like |Link to Comment
  • 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]
    Jobs aren't offshored because of tax policy. They're offshored to take advantage of lower wages and looser environmental laws. Cash may be offshored for tax reasons, but tax havens should be broken up. We nailed Switzerland. Time to go after the Caymans.
    Jul 27 12:00 PM | Likes Like |Link to Comment
  • 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]
    If you are good or lucky, you gain more benefits from America than others do. It protects your assets. You have more to lose from any type of social upset than others do. You have more to gain from the sacrifices of our wars than others do. You actually get more from government than others do. So you should pay more than others do.

    This has been the policy of our government for 100 years, but that policy has been vitiated in our time, by loopholes, by offshore tax havens, and by continued reductions in tax rates to top earners that weren't paid back in higher receipts -- as was promised.

    You have more to lose from a default than others. You should pay more to prevent it.
    Jul 27 11:58 AM | 1 Like Like |Link to Comment
  • First Solar Assures Its Future [View article]
    What FSLR is doing in its accounting is, as you say, little different from what "most public companies" do. Yes, our markets are hurt because we don't using internationally-recogn... accounting standards and use FASB instead, but that's not an argument about First Solar.
    Jul 27 09:51 AM | Likes Like |Link to Comment
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