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Friday, December 25 2009 |
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- If the recovery seems patchy so far, it may be because there is a big and growing divide between credit-haves and credit-have-nots. The market's new willingness to make risky loans doesn't apply to everyone - and some firms are going on a buying spree while they can.
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This news story has 19 comments:
Instead, there are about to be hit by tax increases for nationalized health care and ¨crap and trade¨ to fight non-existent global warming while further enriching Goldman Sachs. God help us, as Washington won´t!
As for GW and his 8 year tenure, I do believe the statistics show that the rich got richer and the poor got poorer. And, the middle class declined because the fell into the ranks of the poor. And that is much more akin to a description of "Robber Barons".
I for one hope the Bush reduced upper tax rates are reinstated. The rich have the "best seats in the house" and the they should expect to pay more for them!
On Aug 29 09:22 AM herbert hoover wrote:
> Who knew that the "change" Obama promised was a return to the Robber
> Baron period of 1880's America? A million billionaires and 300 million
> peasants. The US is officially a third world country
Let's start with herbert hoover. Inequality is falling right now. There are less millionaires and less billionaires than there were last year. And the rober baron period came about during a period where laissez-faire was king.
@James Levy, small businesses don't need tax cuts. They need demand and sales. Businesses don't chose to expand because they get a tax cut. They expand capacity when they see demand increase. Basic Econ 101, completely lost on idealogues. Oh and as for tax increases. Small businesses get that every year with higher and higher health premiums. Also, think about how many small businesses have not been started during the last 10 years because the people who wanted to leave their jobs and start them were afraid of losing health care coverage for their families. I personally konw of one person myself in that situation.
Finally, all of your predictions have been wrong and will be wrong. The economy didn't tank. I am guessing most of you have lost a lot on your shorts. But results don't matter to you. That's why I wish politics was more like sports. People trash talk and trash talk but at the end of the day someone wins and the loser has to pay respect to the winner. In politics, you can make all types of predictions (hyper-inflation, US is gonna default, market going to crash more) and you can be wrong all 3 times and you continue to make the same BS arguments.
On Aug 29 11:13 AM Machiavelli999 wrote:
> I feel sad for America. Mainly because of the previous 4 commenters.
>
>
> Let's start with herbert hoover. Inequality is falling right now.
> There are less millionaires and less billionaires than there were
> last year. And the rober baron period came about during a period
> where laissez-faire was king.
>
> @James Levy, small businesses don't need tax cuts. They need demand
> and sales. Businesses don't chose to expand because they get a tax
> cut. They expand capacity when they see demand increase. Basic Econ
> 101, completely lost on idealogues. Oh and as for tax increases.
> Small businesses get that every year with higher and higher health
> premiums. Also, think about how many small businesses have not been
> started during the last 10 years because the people who wanted to
> leave their jobs and start them were afraid of losing health care
> coverage for their families. I personally konw of one person myself
> in that situation.
>
> Finally, all of your predictions have been wrong and will be wrong.
> The economy didn't tank. I am guessing most of you have lost a lot
> on your shorts. But results don't matter to you. That's why I wish
> politics was more like sports. People trash talk and trash talk but
> at the end of the day someone wins and the loser has to pay respect
> to the winner. In politics, you can make all types of predictions
> (hyper-inflation, US is gonna default, market going to crash more)
> and you can be wrong all 3 times and you continue to make the same
> BS arguments.
Results: total cost comes crashing down. Sounds like you need MAD MAX to teach your next Econ 101 course.
Maybe you need to sit in on Econ 101 again.
On Aug 29 12:16 PM Mad_Max_A_Million wrote:
> Machiavelli - If I can't afford insurance for my employees, my competitors
> can't afford it either so we all dump it and give them all a BIG
> pay raise. Now the employees have to go to the open market where
> they must now go for the lower cost affordable plan which means that
> they will no longer get an 1800 dollar MRI every time they get a
> sore left toe.
> Results: total cost comes crashing down. Sounds like you need MAD
> MAX to teach your next Econ 101 course.
Tax cuts give more incentive for business owners to cut costs (as they retain more of those cost-cutting benefits) more.
You don't do you... tell the truth.
Your comment says it all.
small biz sales are down and margins are super tight .
"Give them all a Big raise"
Get real!
Obviously you need more than class room time.
I agree that Health Care Costs are an issue. However, your assessment of Root Cause is not correct. The Detriments are multifaceted and symbiotic. The Root Cause Can Be Traced Back To Governmental "Incentives". The "Evil Insurance Companies" are opportunists - How Did They Get The Opportunity?
Government Will Not Save - It Destroys Through Inefficiency And Lack Of Reciprocity For Failure. (They Can Not Even Deliver The Mail Without Going Bankrupt - And You Wish Them To Take Over Health Care?)
Government Should "Referee" And NEVER "Run" Any Service.
Taxes, Tariffs, And Fees Reduce Your Ability To "Vote With Your Dollar". All Costs Are Passed On To The Consumer/End User. Taxing "The Rich" Is Counter Productive. Stopping People From "Becoming Rich Through Nefarious Acts" Should Be The Focus.
The Complexity Of Corruption Is Vast.
Do Not Help To Feed The Beast.
No "Time Should Be Given" Nor A "Pass Allowed" When Action Is Shown To Be Dangerous. The Democrat/Republican Paradigm Is A Ruse.
There Is Much To Fear When You Comprehend The Scope And Speed Of Erosion.
On Aug 29 02:58 PM PainfullyAware wrote:
> Niner and Machiavelli999 - Your Arguments "Hope For Benevolence"
> and you both seem to take "Comfort In Words" and dismiss "Actions"
> because of "Labels And Party Affiliation".
>
> I agree that Health Care Costs are an issue. However, your assessment
> of Root Cause is not correct. The Detriments are multifaceted and
> symbiotic. The Root Cause Can Be Traced Back To Governmental "Incentives".
> The "Evil Insurance Companies" are opportunists - How Did They Get
> The Opportunity?
>
> Government Will Not Save - It Destroys Through Inefficiency And Lack
> Of Reciprocity For Failure. (They Can Not Even Deliver The Mail
> Without Going Bankrupt - And You Wish Them To Take Over Health Care?)
>
>
> Government Should "Referee" And NEVER "Run" Any Service.
>
> Taxes, Tariffs, And Fees Reduce Your Ability To "Vote With Your Dollar".
> All Costs Are Passed On To The Consumer/End User. Taxing "The Rich"
> Is Counter Productive. Stopping People From "Becoming Rich Through
> Nefarious Acts" Should Be The Focus.
>
> The Complexity Of Corruption Is Vast.
>
> Do Not Help To Feed The Beast.
>
> No "Time Should Be Given" Nor A "Pass Allowed" When Action Is Shown
> To Be Dangerous. The Democrat/Republican Paradigm Is A Ruse.
>
> There Is Much To Fear When You Comprehend The Scope And Speed Of
> Erosion.
1. Republicans have standards even if some do not live up to them. When Republicans are caught they step down, resign or fix it. Even Nixon.
2. Democrats have no standards. When Democrats are caught they lie, cheat, steal, claim racism, blame the Republicans, cry conspiracy, and attempt to get away with it. Every Democrat will tell you they do not have to live up to any standards. The Media does not hold them to any standard. They will tell you anything you want to hear just to get your vote. They stand for nothing except fascism, socialism and consolidation of power.
Guess which will tend to be more corrupt. That would be Democrats and it would be because their core constituents want power, not standards, not truth, not transparency, not freedom, not fairness. Couple that with a Media that is too dumb to see the destruction. That is if you look at what they really do and not what they say; if you listen to the long conversation and not the sound bites.
So there would only be one President worse than a Republican, that would be Raul Castro. There would only be one President worse than Castro and that would be Hugo Chavez. There would only be one President worse than Chavez and that would be Putin. There would only be one President worse than Putin and that would be any Democrat (in this case Obama.)
Now that does not make a Republican the best President or even a good President, it is however a fact that today most will be better than any Democrat.
Want proof, the Democrat controlled congress has an acceptance rating worse than Bush had at any time during his Presidency. What's that tell you. Nancy Pelosi, what a joke. She has never had the acceptance ratings that Bush had. Obama's are already lower than Bush at the same time. In fact his acceptance ratings are lower than Carter's at the same time.
On Aug 29 11:07 AM Niner wrote:
> I couldn't disagree with you more. We have yet to see what happens
> with Obama. We've seen the game plan; but, the game itself has just
> barely gotten started. I don't know if the new coach (Obama) is going
> to be any better but he surely can't be as bad as the old one. If
> you think GW was good, please give me a detailed list of why you
> think the US was in better shape on Inauguration Day 2009 vs. Inaguration
> Day 2001.
>
> As for GW and his 8 year tenure, I do believe the statistics show
> that the rich got richer and the poor got poorer. And, the middle
> class declined because the fell into the ranks of the poor. And that
> is much more akin to a description of "Robber Barons".
>
> I for one hope the Bush reduced upper tax rates are reinstated. The
> rich have the "best seats in the house" and the they should expect
> to pay more for them!
If you take nothing else from my comment, take this:
Government Should "Referee" And NEVER "Run" Any Service.
On Aug 29 04:48 PM Niner wrote:
> Lots of big words, some nice phrases but I don't think you said anything.
> Did anyone else think he didn't say anything?
This is just the same old cut off credit call in loans create a recession/depression methodology that the fed has used for the last 100 years with slight adjustments in agency action.
Most “Pay Raises” are in reality just COLIs where you pass on your higher inflated profits on to your employee salaries.
But Health Insurance has continually gone well beyond any COLI. But if you have a company that is a loser at the present time, I can understand why you would would need to pile the insurance burden onto the taxpayer. But my point, of which you may have missed, is that health insurance (be it on a company or Government free lunch) is way too wasteful. That only leaves the private options, subsidised by “Functional” companies, where the insured have some incentive of their own to lower cost.
If you believe that runaway socialism, spending, and big government are the answer, then of course you will not see the problem.
Sometimes we need to worry less about what we believe, and worry more about what worries the rest of the country.