Socialism cannot compete!

Dear Fed: The Problem is Solvency, Not Liquidity

Never let a crisis go to waste. Create one if need be. All for the end goal of consolidating power and crowding out the hated capitalists...they who are too free and independent of the ruling elites.

Are We Becoming a Nation of Renters? Investing for the New Housing Dynamic

You make the case for the complete abolition of confiscatory taxation!!

fairtax.org


On Nov 06 06:45 AM 3percenter wrote:

> There is no such thing as a "homeowner". Stop paying your property
> taxes and find out pretty quickly who really owns your home. I'm
> 35 and have never owned a home. I am still renting and am able to
> put away a good chunk of savings every month. My former neighbors
> who were also tenants, on the other hand, bought their first home
> at the peak of the boom and soon realized they were part of the sub-prime
> borrowers crowd. They are now struggling to stay in their home without
> a dime left over at the end of every month. The American Dream? No
> thanks.

Reacting to Roubini's Predictions: The Economy, Dollar Carry-Trade, Housing

U-shaped is too optimistic. It will be L-shaped at best. At worst, it could be M-shaped.

A New Economic Indicator?

Of course it's justified...there doesn't have to be an increase in crime for people to be prepared to defend themselves. We should all be ready for what may or may not ever happen. This is about many people realizing that they were *lagging* in preparedness, not about people going over and beyond what is necessary.


On Nov 06 12:32 AM JeffDB wrote:

> None of that proves anything, of course, but many *feel* a little
> more on edge, whether it's justified or not.

The Homebuyer Credit as Economic Success Story

Because that would be a tax *cut*, not a redistributive *credit*, and there's both an accession to the Republican supply-side theory involved in that, as well as an acknowledgement that socialism is wrong and does not work. The Dems will not allow either....


On Nov 06 04:00 AM Mr. Ed, Jr. wrote:

> Then why would it not be better to just give EVERY taxpayer an 8k
> tax credit or just 8k in cash ? Then, all could help stimulate the
> economy, rather than just a small % of citizens who want to buy a
> home.

The Homebuyer Credit as Economic Success Story

Wrong way to do it. Across the board tax CUTS are the way to foster job creation AND enable those who are down from 2 to 1 income to keep more of their own money and potentially their home, as a result. They also allow more new buyers to be able to afford stepping in. Tax credits to buyers are simply redistributionist THEFT and still more artificial tampering with home pricing...which has GOT to end before we see the real bottom.


On Nov 05 12:52 PM Tom Armistead wrote:

> Those who can qualify for a mortgage are the middle class, who have
> taken a hosing as the USG has spent billions bailing out TBTF banks.
> So now they get a small recompense. They'll pay it back in taxes.
>
>
> From an economic point of view the point is to reduce supply. This
> country had about 1 million excess single family homes for sale so
> if this mops up some of that supply it helps sustain the asset values
> which is what this is about.
>
> Remember, the asset values underlie a huge, huge amount of MBS, which
> is part of the capital structures of banks and insurance companies.
> TARP was originally supposed to support MBS. This credit for new
> homebuyers actually acieves that goal and could very well prevent
> the double dip recession so many a fearful of.

The Real Job Loss Story: Death of Small Business

Where's the incentive to work harder??? I have ZERO incentive to start a new company right now...only to see my profits taxed away to pay for someone else's healthcare!!! Or to have a massive Cap & Tax bill shoved down my throat and throttle my ability to keep afloat. Forget it.

Instead of growing government, stripping our freedoms, and jacking up taxes...some drastic downsizing of government, coupled with REAL TAX CUTS would have this economic ship righted in no time!!!

A New Economic Indicator?

Confucius? Confucius say "you stupid!". Your post is simply speculation as well as selective choosing of the persons that seem to fit your weak social perspective. Problem is, you've incorrectly stated both the overall situation, and also some of the individuals you list. For example, you've left off any mention of our Founding Fathers, who were UNANIMOUS in the assertion that the individual Right to Bear Arms is essential to Liberty. Note that they did not advocate the willy-nilly use of arms -- but the notion that they are both a deterrent and also a right if *need be*. Thomas Jefferson said "No free man shall be debarred the use of arms." Moses? Moses fought battles when necessary. Jesus said "turn the other cheek", yet also overthrew the tables of the money-changers in the Temple.


On Nov 05 11:48 AM Witchy wrote:

> Two lists.
>
> A few people, in mostly random order, who in the past contributed
> much to how we are, who we are, some of our best and brightest, all-time
> most-interesting: Thales, Sophocles, Socrates, Moses, Buddha, Confucius,
> Jesus, Leonardo, Michelangelo, Shakespeare, Copernicus, Galileo,
> Edw. Jenner, Darwin, Dostoevsky, Einstein, Heisenberg, T. Edison,
> Rachel Carson, Roberto Bolano ...
>
> A few people, in mostly random order, currently active and important
> to how we are, who we are, among our best and brightest, most interesting:
> E. O. Wilson, J. Lovelock, Obama, Bernanke, Gore, Jobs, Gates (both),
> Buffett, Branson, Soros, P. Roth, J. Gray, and many more ...
>
> Question: are, were, would any of them be, gun-obsessed?
>
> The gun-nuts are among the lowest of us, those who have the least
> to contribute ... Our Neanderthals ...

Dow Theory Sell Signal?

Buffett has given us a sell opportunity -- the DJTA was ready to tank until this buy. Take the opportunity to get out before the plummet, with a nice bump today. One man's opinion.

Markets Cheer the Buffett Buy

BNI does lots of biz transporting coal. I fail to see how this is a smart buy given the current Admarxistration's extreme dislike of coal. Cap & Tax will kill BNI, if the Dems get it passed.

Buffett's Big Rail Buy: What It Means for Berkshire Shareholders

Only problem with this "energy play" -- the coal pipeline -- is that this Admarxistration does *not* like coal. Should be buying nuclear or something else instead. Unless...Buffett is doing this to create anti-Cap & Tax leverage against the neo-Coms??? Now *that* would be interesting!!! Last I checked, Warren was pretty liberal. Wonder if he's changing stripes...perhaps his capitalist self has woken to the realization that the liberals and their socialist policies are anti-freedom and anti-capitalism??? Things are getting very interesting indeed.

5 Questions and Compliments for the U.S. Treasury

Solutions are simple:

1) Let failure happen and let the free market do the resolving. No, I do *not* believe in a special chapter in bankruptcy law for "too large to fail" banks (or other such companies). The last thing we need is more power and control given to government. They caused this mess with a socialist housing push...and their "solutions" have all involved further curtailing of capitalism...the pillaging of the people and of businesses that were not picked winners.

2) Tax cuts, tax cuts, tax cuts. Let the producers keep more of what is theirs. This will boost employment and allow businesses to shore up balance sheets without bailout money. The "downside"...in order to afford it, big cuts to government will be necessary. Darn.

Homebuyer Tax Credit: Update

Somewhat about the banks. But there's more: it's also about taxation...propping up home prices to keep property taxes from dropping too much; and it's about buying votes with handouts...making fewer people feel ticked off about bank bailouts by they themselves having received a little something. It's ALL wrong to have done in the end.


On Oct 28 12:35 PM MyrEnforker wrote:

> Sure, they care about homeowners, but that's not the prime reason.
> It gives the banks more time to repair their balance sheets.
>
> This is STILL ultimately all about the banks.

Contrarians Denninger, Dent, Faber and Hoye Looking for Dollar Rebound

"Record amount of U.S. debt ever sold in a week"

seekingalpha.com/artic...

Yet, we're supposed to be dollar bullish? Even short-term? I don't think so!!!

Wall Street Breakfast: Must-Know News

"GMAC needs third lifeline." -- LET IT FAIL!

"Consumer confidence dips." -- Why would that be? The prospect of hugely higher taxes? Watching government take over everything?

"Easing Hilton's towering debt load." -- Will Paris soon be supporting her daddy? Talk about role reversal!

"Tackling too-big-to-fail." -- Funny, I thought free markets that allowed failure already had this accounted for!

"That's a good czar." -- There ARE no good czars!!

"Mortgage apps drop for second straight week." -- Hmmm. Maybe that Keynesian Big Government stuff just doesn't work?!