Socialism cannot compete!

Banks Not Letting Owners of Foreclosed Homes Walk Away

This is happening as a result of the government interfering in housing (yet again!), with the measures being taken to prop up home prices. Foreclosures NEED to happen so that prices can get back to truly affordable levels (i.e., look at some 60+ year charts of median household income vs. median home price). Only when the government gets the h#ll out of housing, will we see stability. Otherwise, we may see this unpayment happening en masse in response to watching the trillions in largesse given to the banks! People will say "hey, if I get to stay anyway...I might as well recoup my tax dollars!"

Housing Boom and Bust More About Productivity than Bubbles

Kahn is onto something, but he is seeing a tree, instead of the forest. What has happened is that during that mid-90s "productivity boom" we had a "tool" that radically changed the orders of efficiency for transactions: the internet. So Kahn is somewhat correct in seeing this productivity boom/bust cycle as coincident with the creation of the housing bubble, however, it was merely incidental as a force that allowed the debt bubble and its effects to be pushed off a bit further into the future. Had we acted appropriately we could have used that growth cycle to somewhat pare down the problem, but we didn't. Nor, if we had, would it have eliminated the problem, since it is due to two seemingly unchangeable core factors: 1) population demographics, and 2) ever-larger behemoth entitlement government without a cap on spending to fund said entitlements.

Fiscal Policy: Obama Administration Isn't Making Much Sense

Taxless recovery? Oh believe me, there WILL be taxes! It's the recovery part that will be in question given the continued spending and the taxation that the spending will necessitate.


On Jul 13 01:20 PM Clive Corcoran wrote:

> Not only do the unemployed not pay taxes but nor do banks that can
> carry forward losses for years, nor do multi-national corporations
> that can play any number of offshore shell games to avoid declaring
> income, nor do those with Swiss bank accounts...etc.
>
> Not only are we looking at a jobless recovery but a tax less recovery
> and meanwhile the mounting debt has to be serviced. Oh dear!

Winter's Coming for the Boomers: Part 2

Blatant lie. Last year, during the $140/barrel oil "pricing crisis", Transocean's CEO testified to Congress that most new deepwater sites could begin production within 1-2 years, with the hardest-to-reach at a max of 5 years. Quit perpetuating the lies about time-to-production for deep-water drilling!!


On Jul 13 11:22 AM James Quinn wrote:

> Your easily recoverable thesis is a crock. It takes 10 years from
> discovery to extract the oil in deepwater. Natural gas needs to be
> transported by pipelines that don't exist. Cars and trucks don't
> use natural gas today. It would take 20 years if we had consensus
> today to convert transportation to nat gas.

Winter's Coming for the Boomers: Part 2

"You may not agree with Obama’s plans or policies, but it is clear to anyone that he is an intelligent, pragmatic man that will institute dramatic change in the policies of the United States."

It is clear that he is intelligent?? HARDLY! The man fumbles around like an idiot without his teleprompter. Moreover, if he were truly intelligent, he could not propose the things that he is, for the current problem set we are facing! One example is the promise to close GitMo, and his determination to do so, even if it means releasing many prisoners who will end up going back to lead terror groups again. Anyone who cannot grasp that NON-CITIZEN terrorists committing acts of war against U.S. *civilians* are NOT entitled to the legal protections given to citizens, is NOT intelligent by any account!!

Two More Straws onto a Struggling Camel's Back?

Will we not look back on this years from now and see an engineered takedown of small business and all that stood in the way of mega-banks and mega-corps in line with the neo-Marxist and globalist regimes? Sure seems that way. A few large banks have been selected to win. Our industry is either being closed down or taken under government control. Small biz is being pillaged with taxes and having its credit withdrawn. And the individual is being subjugated by the totalitarian state with high taxation for the productive and dependence by the non-productive. We are ever less free, with fewer and fewer large business and political organizations taking the reins.

Effects of the Stimulus Package: Felix Salmon Is Uncharacteristically Wrong

The correct (and only workable) stimulus would have been a 787B tax cut for both individuals and business. That would have been a return to taxpayers of their own money, instead of a largesse to the offenders who helped create this mess; that would have helped homeowners who are on the cusp by letting them use more of their own money where they need it most; that would have let employers retain more employees due to decreased cost per head.

But no. Can't have that. Because that would have been a move in the direction of power to the people, instead of moving towards bigger, more-powerful entitlement government which can solve all our problems (tongue firmly embedded in cheek, perhaps irrevocably.)

G8 Summit Gimcrackery?

Author should get his head out of his globalist arse and face reality: loss of sovereignty is the price for bowing to a globalist hegemony, and it means giving up Liberty AND prosperity, not sharing either with those abroad. I.e., it's not even a trade-off but a total give-up for the illusion of benefit for problems posed as needing global solutions which do not exist, and for which we trade away Liberty and national prosperity.

Obama's Washington Post Editorial: Reading Between the Lines

Joe McCarthy was RIGHT. Just a bit early. And here we are today, with neo-Marxism completely taking over the country, and a populace that is not only allowing it, but clamoring for it -- punch drunk on the notion of something-for-nothing entitlements! The piper is coming, though, and before long the tune will wear thin. Social upheaval is certain to follow. God save the U.S.!!


On Jul 13 11:37 AM nova wrote:

> Obama is a fraud.
>
> I came from Soviet Union (it has gone for good). Back in Soviet
> Union, people like Obama were all over the place promising "the bright
> future" under the guidance of "beloved" communist party leadership.
> These people were either the commie-party paid propagandists or the
> party elite.
>
> Eventually, the communist lawlessness and corruption, like a malignant
> cancer, have spread all over the country and killed it. (Ronald
> Reagan took a credit for the fall of the Soviet Union even his real
> contribution was minimal.)
>
> Now, Obama (with his Harvard education) is trying to sell us the
> same shit that killed the Soviet Union. Well, the consequences of
> Obama administration actions will be similar to the Soviet demise.

The Case of the Missing Exit Strategy

There is no exit strategy while this totalitarian socialist government remains in place. 2010 is the hope of the nation...if we last that long.

How Globalization Led to Universal Banking in America

Apparently sovereignty and the good of their nation means nothing to some people! False premises lead to false conclusions. And so we have the misguided notions proposed by the author. Perhaps he should consider that closing the gold window was not a response to outdated regulation causing inflationary pressure due to higher profit potential for banks abroad, but that the inflationary pressure was due to government spending way beyond its means as the U.S. morphed into a socialist entitlement state. Surprise, surprise -- that sounds like a theme we continue to revisit!

Why Economic Dogma Threatens Our Future Prosperity

"For example, this problem is responsible for many Americans' longstanding (and misguided) obsession with cutting taxes, which is the primary reason the federal debt has been allowed to explode out of control..."

Um...NO!!! Author is a Big Government ideologue, apparently! I quit reading after this patently false line. It has never been more clear that the problem is out of control SPENDING, not inadequate taxation!! The real problem causing ballooning federal debt is SOCIALIST ENTITLEMENT GOVERNMENT, and the seemingly unending growth of such into every facet of our lives and business!! It has resulted in a large non-productive class, and high penalties for the most productive. And yes, Mr. Wiegand, we DO have an obsession with cutting taxes in the U.S. -- because this nation was founded on a few basic principles, among them the notion of personal property rights! Our Founders thought confiscatory taxation to be anathema to Liberty. Alas that you and your ilk have strayed so far from their philosophy yet still believe yourselves free.

4 Drivers of the Exploding Federal Deficit

I'm starting to think "fail faster" is the only way out long term for this nation. Let them cause the collapse of their behemoth. If they scale back a bit now instead, we all languish and pay the piper for years. We actually NEED collapse of this overgrown entitlement behemoth!

Obama Should Be Promoting Self Reliance, Not Another Stimulus

The fact that Stimulus I did not work -- illustrated by continued job losses and mounting government budget issues -- makes clear that the Keynesian theory is seriously flawed. Job losses could have been prevented by reducing the cost to the employer for employing; i.e. lower the payroll taxes. Consumer spending could have been boosted by lowering individual income taxes. Government is too large and its tax burden on individuals and business is too huge -- thus we see continued job cuts and the flat-lining of the consumer portion of GDP.

REVERSE COURSE, Washington!!! Your pillaging of the people is counter-productive!

Obama Should Be Promoting Self Reliance, Not Another Stimulus

You're sure about that???


On Jul 10 12:20 PM Longinvestor wrote:

> Well, since our government is not a dictatorship