jrheintz

Wall Street Breakfast: Must-Know News

know nothing;

You and I come from the same mold, we have the same attitude about what is happening with this country.

But, without spending to much time on the cause, you can piece everyhting togther real fast, The November Election. We knew what the results were going to evolve into, with out a dought, because the sermon was for everyone you mentioned.
If there is a question about the problem, just watch, Judge Judy, Judge Joe and Judge Alex, you will know in seconds what our real problem really is and how they will continues to grow.

It will create quite a stir, but, we need to turn this country back about 50 years and never repeat the same mistakes going forward.

Your article really needs broad publication, for it's suited for every newspaper in the country, including everymail box for broad distribution.

We need to immeditatly vote for term limits, no more that two term for either house, we need to establish a line item veto, a two year trial period. we need to establish the official langauge as English without fail.

These are suggests to get the ball rolling, because there will be much to change for the roll back to be achieved.

Remember it's not a question should these suggests take place, it's when.

What are you thoughts.

John

On Mar 03 11:29 AM know nothing wrote:

> My parents died when was young, 12 yrs and 16yrs old. I had no uncles
> ,aunts, and only 1 sister. Noone ever gave me anything, and I never
> asked for anything I didn't earn. I didn't feel sorry for myself,
> I went to work, learned a trade, then started my own buisness, with
> the knowledge i learned, and the money I was able to save. Not to
> mention the relationships I formed with customers, vendors, and my
> employees.
>
> It takes self discipline, self sacrifice, hard work and determination.
> In america everyone has the same oppurtunity to expand their education
> and be all they can be, noone has taken any oppurtunity from anyone,
> you have to give yourself a chance, give yourself oppurtunity. When
> you are done working at night, thats the time to expand your horizons.
> But you can't expand your horizons by sitting in front of the T.V.
> or in the Bar. Thats were the self discipline comes in, either you
> want it or you don't! It doesn't get any more real than this.
> To All My Valued Employees,
>
> There have been some rumblings around the office about the future
> of this company, and more specifically, your job. As you know, the
> economy has changed for the worse and presents many challenges. However,
> the good news is this: The economy doesn't pose a threat to your
> job. What does threaten your job however, is the changing political
> landscape in this country.
> However, let me tell you some little tidbits of fact which might
> help you decide what is in your best interests.
>
> First, while it is easy to spew rhetoric that casts employers against
> employees, you have to understand that for every business owner there
> is a Back Story. This back story is often neglected and overshadowed
> by what you see and hear. Sure, you see me park my Mercedes outside.
> You've seen my home at last year's Christmas party. I'm sure; all
> these flashy icons of luxury conjure up some idealized thoughts about
> my life.
>
> However, what you don't see is the BACK STORY :
>
> I started this company 28 years ago. At that time, I lived in a 300
> square foot studio apartment for 3 years. My entire living apartment
> was converted into an office so I could put forth 100% effort into
> building a company, which by the way, would eventually employ you.
>
>
> My diet consisted of Ramen Pride noodles because every dollar I spent
> went back into this company. I drove a rusty Toyota Corolla with
> a defective transmission. I didn't have time to date. Often times,
> I stayed home on weekends, while my friends went out drinking and
> partying. In fact, I was married to my business -- hard work, discipline,
> and sacrifice.
>
> Meanwhile, my friends got jobs. They worked 40 hours a week and made
> a modest $50K a year and spent every dime they earned. They drove
> flashy cars and lived in expensive homes and wore fancy designer
> clothes. Instead of hitting the Nordstrom's for the latest hot fashion
> item, I was trolling through the discount store extracting any clothing
> item that didn't look like it was birthed in the 70's. My friends
> refinanced their mortgages and lived a life of luxury. I, however,
> did not. I put my time, my money, and my life into a business with
> a vision that eventually, some day, I too, will be able to afford
> these luxuries my friends supposedly had.
>
> So, while you physically arrive at the office at 9am, mentally check
> in at about noon, and then leave at 5pm, I don't. There is no "off"
> button for me. When you leave the office, you are done and you have
> a weekend all to yourself. I unfortunately do not have the freedom.
> I eat, and breathe this company every minute of the day. There is
> no rest. There is no weekend. There is no happy hour. Every day this
> business is attached to my hip like a 1 year old special-needs child.
> You, of course, only see the fruits of that garden -- the nice house,
> the Mercedes, the vacations... you never realize the Back Story and
> the sacrifices I've made.
>
> Now, the economy is falling apart and I, the guy that made all the
> right decisions and saved his money, have to bail-out all the people
> who didn't. The people that overspent their paychecks suddenly feel
> entitled to the same luxuries that I earned and sacrificed decades
> of my life for.
>
> Yes, business ownership has its benefits but the price I've paid
> is steep and not without wounds.
>
> Unfortunately, the cost of running this business, and employing you,
> is starting to eclipse the threshold of marginal benefit and let
> me tell you why:
>
> I am being taxed to death and the government thinks I don't pay enough.
> I have state taxes. Federal taxes. Property taxes. Sales and use
> taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes.
> Taxes on taxes. I have to hire a tax man to manage all these taxes
> and then guess what? I have to pay taxes for employing him. Government
> mandates and regulations and all the accounting that goes with it,
> now occupy most of my time. On Oct 15th, I wrote a check to the US
> Treasury for $288,000 for quarterly taxes. You know what my "stimulus"
> check was? Zero. Nada. Zilch.
>
> The question I have is this: Who is stimulating the economy? Me,
> the guy who has provided 23 people good paying jobs and serves over
> 2,200,000 people per year with a flourishing business? Or, the single
> mother sitting at home pregnant with her fourth child waiting for
> her next welfare check? Obviously, government feels the latter is
> the economic stimulus of this country.
>
> The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd
> quit and you wouldn't work here. I mean, why should you? That's nuts.
> Who wants to get rewarded only 50% of their hard work? Well, I agree
> which is why your job is in jeopardy.
>
> Here is what many of you don't understand ... to stimulate the economy
> you need to stimulate what runs the economy. Had suddenly government
> mandated to me that I didn't need to pay taxes, guess what? Instead
> of depositing that $288,000 into the Washington black-hole, I would
> have spent it, hired more employees, and generated substantial economic
> growth. My employees would have enjoyed the wealth of that tax cut
> in the form of promotions and better salaries. But you can forget
> it now.
>
> When you have a comatose man on the verge of death, you don't defibrillate
> and shock his thumb thinking that will bring him back to life, do
> you? Or, do you defibrillate his heart? Business is at the heart
> of America and always has been. To restart it, you must stimulate
> it, not kill it. Suddenly, the power brokers in Washington believe
> the poor of America are the essential drivers of the American economic
> engine. Nothing could be further from the truth and this is the type
> of change you can keep.
> So where am I going with all this? It's quite simple.
>
> If any new taxes are levied on me, or my company, my reaction will
> be swift and simple. I fire you. I fire your co-workers. You can
> then plead with the government to pay for your mortgage, your SUV,
> and your child's future. Frankly, it isn't my problem anymore. <br/>
>
> Then, I will close this company down, move to another country, and
> retire. You see, I'm done. I'm done with a country that penalizes
> the productive and gives to the unproductive. My motivation to work
> and to provide jobs will be destroyed, and with it, will be my citizenship.
>
>
> So, if you lose your job, it won't be at the hands of the economy;
> it will be at the hands of a political hurricane that swept through
> this country, steamrolled the constitution, and will have changed
> its landscape forever. If that happens, you can find me sitting on
> a beach, retired, and with no employees to worry about....
>
> Signed, THE BOSS
>
>
> __________ Information from ESET Smart Security, version of virus
> signature database 3843 (20090210) __________
>
> The message was checked by ESET Smart Security.
>
> www.eset.com
>
>
>

A Government Bailout for the Average American

There is a large amount of time and effort spent on the stimulus package, which is loaded with to much pork and not enough substance for job creation.

The impact needed to get the economy moving is to eliminate all interest income from taxation for one year, this will put more impact into consumer hands than any move the govn could take now. Then play it by ear, taking the same action after the year , if required.

There would also be major deposits by consumers because of the excluded tax.

Think about it.

Barron's Takes Down Cramer, Again

Hey; lets face it, any one critical of someone else's crystal ball is trying to cover their mistakes, called deverting attension.

We see and hear it a thousand times a day, nobody knows, if you have enough time just keep book.

Do it yourself, you will feel better.

The Hopefully Not So Great Next Depression

Midwest;

I have no idea where you have been hiding but, you are the only one, that is making any amount sense of any thing I have read.

However, why do we all talk strange in print but fail to follow up on idea's
as you suggest. Every person in government should be provided with access to these great thoughts. Perhaps when enough is provided some will of the stuff will be caught.

But your to the point also, there are to many unworthy people , among us, that show their disohonety, ei, the former elected officials who failed to pay taxes, this is only a sample of what this problem actually means to the citizens. On second thought maybe we really shouldn't know.

Anyway Midwest, you have my vote. You make sense!.


On Feb 01 11:03 AM Midwest wrote:

> There is no quick fix to the problems we're facing. It's going to
> be tough and long before things get better and continuing to ignore
> that fact is foolish and will only lead to greater despair as predictions
> of recovery are dashed.
>
> Unfortunately, there is no easy answer to this problem. Consumers
> must spend within their means, corporations and small businesses
> alike must lower their earnings expectations and the Wall Street
> chicanery of the last 12 or so years must be brought under control
> by smart regulations and a swift and decisive legal action taken
> against those that so artfully played with investor's money to their
> own benefit.
>
> Trust is the bedrock of our financial system but it has been ruined.
> The heads of financial institutions must be held accountable for
> their actions that led to these problems. When the heads of giant
> organizations like Lehmans claim they didn't understand the true
> nature of the CDOs and other financial instruments they were pawning
> off on investors then somebody's lying. This isn't about being incompetent,
> this is about shading the truth from the government and investors
> in order to be paid tens of millions of dollars a year. In any language,
> it is theft.
>
> America must reassess how it will spend the money it has and how
> it will invest in the immediate future. Bailouts were just fine when
> Bush was president but now Republicans are suddenly against additional
> bailout money. It appears to be politics as usual in D.C. when we
> can least afford it. Bailouts are not the answer but rather part
> of a much larger solution that must be put into action immediately.
>
>
> 1) Cut middle class taxes buy a significant amount. A $1,200 tax
> break to someone earning $50,000 a year is not going to change their
> lot in life. Cut them by $5,000 or help companies pay their people
> more money by lowering their tax burden IF they raise the pay of
> their rank and file. By floating the boats of the middle class, the
> economy will right itself far more quickly.
>
> 2) Continue to lower the dependence of oil as the major stream of
> energy for the nation. Give dramatic tax breaks to companies developing
> cost effective alternative energy sources, especially for those that
> involve transportation of people or goods.
>
> 3) Draw down our military's presence around the world and save on
> those significant costs. We should not withdraw from the world stage
> but rather not spend when we don't NEED to spend. There are no imminent
> threats facing our nation right now. A terrorist attack will not
> topple our nation and we should not be throwing our military might
> at a buzzing fly. Appropriate responses to issues will save us money
> and help restore America's image across the world.
>
> 4) Pay down our national debt while investing in infrastructure.
> This can be done at the same time. They are not mutually exclusive.
>
>
> 5) Restore confidence in the financial system by instituting regulations
> that make honesty and transparency non-negotiable requirements.

Wall Street Breakfast: Must-Know News

Axelrod;

You are right in my camp. I fail to see why so many citizens are so washy about fully expressing them selves. Just say it like it is:

The people we elect really bring nothing new to the table , just warmed over hash, and we eat it up by taking a postion of supporting the party.
Lets face it, we don't have any idea what the party wants support on, except, donations. Which is one thing we need to drop, now. for if they fail to obtain money they will get-the-picture-quick. Start the ball rolling on imposeing term limits of two terms, it works in Neb, very well, without any hitsch.

I keep reading about what trouble the banks are causing, they need to stop their bad lending practice's, Hey they are held hostage by the clown's in Washington. If the political crowd would follow the constiution these poeple would have been in receiversip long ago and we would not have this problem to-day. Stop making excuses and get rid of the real
cause of all our country's problems, the politcian.

Good morning and have a great day

The Beginning of a New Bull Market?

This type thinking is what misleads the investor. As you can observe from to-days market we are on the verge of another down leg, S&P at 841, the support level and this guy thinks we are getting set for great up legs.

What fools we all are, start doing your own thinking, These people have no more idea than you and I on where & when it's best to INVEST. Most of these are in the business of commissions and they will attempt anything for their self betterment.

Just use you common sense and you might be surprized how many good judgement you might make.

These other people are nuts.

Morici: Depression or Recession

jloundsbury59, no wonder you sound so logical and full of common sense, you are 8 years older than I.

Unfortunatly few on this planet remotly think along these lines, there thinking is "better get it before its all gone".

Their realislation of that rainy day does not appear, if at all, just before
thought of retiremnet shows up, then it way to late.

Our major problem is to-days students 40% beleive its ok to cheat, steal or any other dishonest method of getting ahead.
This is apparent in our finacial problem we are facing to-day.
Just ask Barney Frank.

Anyway you hit the ball right on the mark.



On Dec 06 11:06 AM jlounsbury59 wrote:

> The article states "falling oil prices could put energy plans on
> the backburner".
>
> Unfortunately, this may be true. Our society is living hand to mouth,
> borrowing everything possible for instant gratification and complaining
> about everyone's greed and selfishness but our own. Of course we
> won't think about $4.00 gasoline when the price is $1.75 or less,
> even though the $4.00 was only 3-4 months ago. Eat, drink and be
> merry for tomorrow we may die.
>
> It was only a couple of years ago that there was little public support
> evident for raising mileage standards for American cars. Last summer,
> with high gas prices, many were blaming the government for lack of
> high mileage cars. Will public support for gas misers remain in the
> coming months if gasoline reamins under $2?
>
> When I was growing up (I was born in 1936) my parents not only talked
> to me about saving for a rainy day, but were obviously doing that
> themselves. I tried to pass that value on to my children (born late
> 60's and early 70's). I learned from them that their school friends
> (whose parents were mostly 10 or more years younger than me) didn't
> have the same perspective on the use of money. I don't think that
> the subsequent generations have gotten that philosophy either. We
> now have a populace that largely borrows to play in the sun and then
> has nothing for a rainy day except debt. But of course, they wail
> that the rainy day wouldn't have come if others had not been greedy.
>
>
> By the way, the philosophy rubbed off on my three children. They
> are all low debt, high net worth people.
>
> Back to the bottom line: energy. This is not just important to our
> economy - it IS our future economy. If we do not develop and implement
> low cost, renewable energy, which is produced free of the competitive
> pricing pressures of today, we will become a second tier economy.
> Instead of maintaining our standard of living while Chindia and others
> raise theirs, we will lose wealth and others will pass us.
>
> We just came through a little shower of an energy price spike. The
> energy cloud has passed by, but major storms are forming over the
> horizon. Now is the time to build the storm shelter. Waiting to start
> when the next (and proably much bigger storm) is upon us does not
> make sense.

Wall Street Breakfast: Must-Know News

On Nov 13 08:36 AM eddie64 wrote:

> What the government "still" hasn't done, all of which will help our
> financial system "tremendously&amp;...
> [1] Rescind SARBANES/OXLEY;
> [2] Reverse Mark-to-Market Accounting;
> [3] SEC to reinstitute UPTICK RULE;
> [4] NAKED SHORTING made ILLEGAL &amp; prosecuted;
> [5] CONDITIONS placed on all BAILOUT MONEYS TO ACCOMPLISH DESIRED
> RESULT IN ECONOMY;
> [6] Paulson changed the TARP "completely" by saying, "I DECIDED"!!!!
>
>
> One has only to wonder WHY, and WHO IS REALLY IN CONTROL of US?
>
Eddie;
You have some great points to ponder but, where did you pick up on who might be attempting to lead. There aint anyone.

Wall Street Breakfast: Must-Know News

I'm very surprized all your financial wizardry is picking up on these massive runs on the treasury bail out money.

So what is the difference betweeen the chancery used in the mortage breakdown and what is happening with the Paulson program.

This thing is going to end with the basket empty, no dought, by the time the auto industry gets their way we will be equiping ourselves with metal bills, enabling us to pick the remains with the rest of the chikens.

You heard it here, by spring we all will be buried in a repeat of the 30's
waiting for the dow to reach 500!

I think were all smart enought to see where were going except the silver tongued talkers are keeping everyone passified with tall tails of grandour we know can't materialize.

We havn't seen the credit card 850B hit use yet, the Katie bar the door.

Survival Guide for the Next Two Years: Preferred Stocks and Corporate Bonds

On Nov 04 08:54 AM Roger Nusbaum wrote:

> probably is quantumonline.com

Your right on Rodger with the correct URL.

23 Safe Dividend Stocks For Trying Times

Fellows;
This looks good but, keep in mind consumer credit card debt will become an issue very soon.
The consumer is pulling beck fast so, be aware consumer related stock will be facing the wrath very soon, long trend indicates dividend cuts, eps will be reducing prompting these choices to cut div.

Don't become complacent with these pie in the sky stories.

Hartford Financial Gets Unified Sell-Side Backing

Here we go again, sounds like the AIG report, plently of cash, so why are they now over 140B, lets face it these Wall Streeters are covering for all clients. Just give us the truth, there is something very wrong about the Hartford picture, just review everything that has happened in financials over the past several month and prepare your selves for the jolt of the century. 1929 all over again., I saw it then, same picture to-day.

Wall Street Breakfast: Must-Know News

Gentlemen; We all seem to have the same opinions of what these rascals have crearted but, perhaps the entire fiasco could have been avoided by sane individuals like us.
The fever is chasing large yields to satisfy out huge demand for MONEY!

They are a big step ahead of most because they have the books reveilimng their financial postions, which only they understand.

Most of use analyze a financial statement to determine if the firm is solvent, we cannot determine to what level the funny money is being played by the experts, used rather loose,


Just what the pindits want all the way from Wall Street to Capital Hill.

To-day we have Hartford joining the groug ready to line up for their share
of the funds. We may find they are no differant than AIG. To many sets of books that never see the light of day and to many friends our goven friends have associations.

This will never end until a 29 hits the street, I'm old enough to remember those events and they will suck every ounce out of the public in the interest of saving Wall Street

The only way anone will get a handle this mess is, jail "all" involved.

Wall Street Breakfast: Must-Know News

From these comments it dose'nt appear there are many , if any, off in left fleld.
If we are the only observers viewing these comments then the full effect we try to make is not hitting the mark. I believe these comments belong
in media everyone can view, or be quoted, by Commentators of all news media.

The unamerican attitude I see, ie, the national debates "do not disply the American Flag on the debate floor. Is this another example of how Americanism is being ignored. I would think one od the debaters would insist the Flag be displayed, but it appears the more powerfull debater is winning that argument as well. Just another direction I see us going with out . I hope we don't arrive to early.

Wall Street Breakfast: Must-Know News

axelrod608; is right on the mark but, short of labeling our Washington friends as slick.
Quite obvious Georgell is not equiped to handle those finnace boys from wall street, they sure got one over on the good old boys from Texas.

Another fact, never trust that politician who wants to represent you in congress, his memory will fail after the election. JQPublic will be left holding the bag.

axelrod608 also on the money by stating bankrupcy as being the vehicle to solve this problem, the truth will surface during the process and ther will be people going to jail.

Lets all start beating that same drum. We need to be heard!