Paul Killinger

Do You Believe Borrowing Leads to Prosperity? (Part 2)

You are EXACTLY right, sir. Our current dilemma is our government can no more charge its way to economic prosperity than its citizens can. Our future problem is how do we get the governmental camel's nose out from under our tent long enough to let nature take its course?

And Jo's right, too. At least the Tea Party folks PAY their taxes, unlike many of B-O & Co's. political appointees.

How Bailouts Are Messing with Capitalism

Thank you for taking the time to write perhaps the BEST ARTICLE I've ever read on Seeking Alpha. You explain "Creative Destruction" and the absolute necessity for it if our nation is to maintain its economic competitiveness in terms everyone can understand.

OF COURSE those of us working for uncompetitive companies in dying industries don't want to hear it. But if our children are going to have any sort of viable future, listen we must.

The Bonus Tax: The Redistribution of Both Wealth And Talent

Hopefully, should any of this reactionary legislation actually become law, the Supremes will nip this nonsense in the bud. If not, it will enable the Obamanistas to begin their pursuit of the rest of us. Anyway, we can always hope we're pretty far down on their lists.

Five Missing Pieces to the Stimulus Plan

Jack,

And don't forget Smoot-Hawley. Let's do that, too.

Turning Japanese: The Audacity of Reality (Part 3 of 3)

I believe your prognostications are close to 100% correct.

We're 0 for 14 on your first chart, and 14 for 14 on the second. Indeed, we're getting it EXACTLY wrong.

But turning Japanese isn't the answer. We need to emulate the CHINESE and BRAZILIANS instead. Our only hope is to GROW our way out of this mess.

Psychology of the Bailouts

The only thing I know for sure is you can trust the President-elect and the Congress to BLAME the outgoing Administration if the economy doesn't recover during the next four years to get re-elected.

Obama's Gloomy Bailout Inheritance

Rick,

It's turning out to be a fascinating tale, and it just keeps getting better. Perhaps our President-elect and his Congress should consider keeping some of their powder dry. After monetizing a few more trillion, infusing further dollars into our financial system is going to lose its impact. Not to mention we risk becoming this century's version of the Weimar Republic.

Finally, Some Disclosure from Companies That Received Bailout Funds

Funny how when corporate execs visit DC they're held up to ridicule by the Congress and the press, but when the GOVERNORS meet Obama in Philly (I think it was) to beg for bucks, no one said a THING about THEIR mode of transport.

Maybe Arnold drove one of his classic cars from CA, and Sarah arrived by dogsled. Not to mention Speaker Nancy's private luxury jet that WE'RE picking up the tab for.

If our elected elite were so smart, how come something like 40 of our 50 states, much less the feds, can't balance their budgets? Last I checked, they're in the same bailout line as Detroit and the Wizards of Wall Street.

My own view is college degrees aren't all they're cracked up to be anymore. I suspect most politicians are lawyers or political science graduates, and our esteemed scribes hold degrees in journalism. The guys from Wall Street hold MBA's, mostly from Ivy League schools (as are both our incoming and outgoing Presidents).

Right now, they ALL deserve a grad of F, so far as I'm concerned. The Wall Streeters for melting down the WORLD'S financial system, the Congress for letting them do it, and the press for failing to tell us about it.

Why Bailouts Are Not the Answer

Let's assume for the moment that the Treasury and the Fed really HAD to spend (invest?) a trillon dollars to keep the world's banking system afloat. That makes sense but, of course, it's potentially inflationary down the line. (And it's only fair, as we were the ones who sold everyone all that bum housing paper in the first place - leveraged 30+X.

But now the Congress and its free spending majorities feel compelled to get in on the fun. Acting like they have some sort of mandate and a green light from the new Administration and the Fed, they are cooking up an ADDITIONAL trillion dollar stimulus pacakge for a start. (As a reward to their voters perhaps?)

But it doesn't really matter why they're doing it, because in the end they will only once again only prove we can't SPEND oursleves rich! It makes one wonder what it is about Economics 101 they can't comprehend.

(Like I said, I'm not a gold bug. But BUY GOLD, it's the only way out.)

Why Bailouts Are Not the Answer

I was never a gold bug. In fact, I pooh-poohed them. But as the author points out, the word "trillions" has replaced "billions" in the lexicon of lawmakers' deficits.

This can ONLY result in the price of gold going through the roof over time. Indeed, it's increasingly likely the feds will outlaw its ownership again one day. Good luck to them.

Why Bailouts Are Not the Answer

The lone bright spot in all this is it's no longer illegal for Americans to own gold. It's time to stock up, I'd venture to say.

Fast Money Recap - GM and Ford Go to Washington (11/28/08)

David,

You're certainly up on your current events.

May I suggest you don't take it all quite so seriously. There are always problems around the world.

It also appears we've weathered the worst of the U.S. inspired worldwide financial meltdown.

Take heart!

Go for the Gold

What you're seeing is global DEFLATION, not inflation, my friend. And the time to invest will be when EVERYONE wants to sell, which is rapidly approaching as we speak. Just as it always is!

Two Fight Back - Cramer's Mad Money (9/11/08)

Hi User,

So you like the gaming stocks, do you? That's interesting. Is that because you rode them down (no offense), or do you see a reversal here. What is it you like about them?

Two Fight Back - Cramer's Mad Money (9/11/08)

Alright, you guys want to talk about Cramer, let's do it.

Let's talk about $4 gasoline, oil exploration and substituting NG as a transportation fuel. Perhaps he was a little late to the party on this (as was his buddy Larry Kudlow) but he's been there for some months now, with both feet and big mouth.

LONG, LONG before Obama, Pelosi and the Democrats, I might add. So if he's an idiot, WHAT DOES THAT MAKE THEM ??? (And what does that make YOU if you didn't see this coming?)

Or how about the Fed? He was several MONTHS AHEAD of them in recognizing the financial meltdown, wasn't he? And he talked about it ALOT, which surely made him lots of friends on the street.

Last I checked, he was a millionaire hedge fund manager who decided to go on TV and help retail investors to understand the market. Nobody else (except Louis Rukeyser) ever did that.

So if you don't like the man, STOP reading about him. That's easy enough. And if you want run your mouth, do it with your wife. (Oh, but she has a nasty tendency to talk back, doesn't she?)