Socialism cannot compete!'s Comments

10 Reasons to Believe That We're in a Depression

Fri, 20 Nov 2009 16:10:29 -0500

Sorry, pal...your Muslim friends invaded us. I'll take a little strife as the price of freedom, thank you.

On Nov 19 02:04 PM Wadhamite wrote:

> The Great Depression ended with a world war. Now that America has
> invaded the Muslim world, events are lining up for a repeat. Do we
> want international strife and conflict to replace economic grief?
> Isn't there something beautiful in the Buddhistic non-materialistic,
> non-competitive, non-stressed lifestyle? Going forward, America isn't
> going to be at the top any more; but everyone may be better off spiritually
> and emotionally.

A Rough Day at the Office for Tim Geithner

Fri, 20 Nov 2009 13:18:44 -0500

How DARE he blame this mess on Bush! W certainly went along with all the ill-conceived (and some even fraudulent) activities that led to this economic collapse...but he did not initiate those activities. Look to the policies of the Fed and the Socialist Democrats' social engineering of housing (Fannie, Freddie, the Community Reinvestment Act, etc.) for that. Tax Cheat Timmy is more to blame than W -- he should have played a role in preventing the excess risk-taking that was going on in the financial sector, even though that was downstream from the root causes: socialism. Now, as Treasury Secretary, he is doubly complicit, as his current activities assist in foisting *increased* debt and socialism as the supposed means of curing all our economic ills!

The man is now not just a tax cheat and derelicter of duties...but also now a liar and guilty of slander!!

U.S. Job Losses Demystified

Mon, 16 Nov 2009 13:08:07 -0500

You are deceived and deluded. China is not free by any stretch, but economically it has been moving towards capitalism, rather than away. Meanwhile, the U.S. is moving away from it. Look at the economic trends for both countries -- the results are clear: moving toward greater government control results in stagnancy; moving towards free market capitalism results in growth. Liberty begets prosperity -- and that is not a rule that can be controverted nor will ever expire.

On Nov 15 08:49 PM LCACM wrote:

> The author and others are still stuck in classical economic thinking.
> Most of the classical economics developed at a time when large chunks
> of Asia were colonies and were not significant economic players.
> Now Asian economies are strong economic competitors and this fact
> should be considered when thinking of econmic policies. By and large,
> Asians have strong faith in their respective government and this
> is borne by the fact that the high growth economies of China and
> India have been guided by strong central government policies.
Considering
> the fact that Asian countries have been succesful using Government
> directed economies, US will need to rethink it's traditional Laisses
> Faire, anti-Government thinking, if it wants to survive economically.

U.S. Job Losses Demystified

Mon, 16 Nov 2009 12:55:06 -0500

It will lend to you if it gets sued to do so...by a Chicago thug socialist:

www.mediacircus.com/20.../

On Nov 16 08:42 AM gzulauf wrote:

> Most of the comments above forget that our economy is heavily based
> upon intangible trust. Even if my taxes are high (they are not in
> America) and regulation exists to keep me honest, my bank will not
> lend to me if it feels I will not have a good chance of repaying
> the loan. (The same bank loaned to me two years ago and saw me as
> a very good risk.) In addition, if I am a smart businessman, I will
> not seek a loan if my customers have left because of an uncertain
> financial future. No reduction in taxes or changes in regulations
> will bring my customers back. Not until trust in 'paying' returns
> will this economy get back to what we all consider normal. It will
> happen without government intervention. But, how long are we willing
> to wait for the patient to heal thyself.

U.S. Job Losses Demystified

Mon, 16 Nov 2009 12:51:15 -0500

And Tax Cheat Timmy!!

On Nov 16 11:01 AM D. McHattie wrote:

> I won't believe Obama is making forward progress until he gets rid
> of Larry Summers. The guy is poison.

U.S. Job Losses Demystified

Mon, 16 Nov 2009 12:50:33 -0500

Too true. Biz can use the big stick of "its cheaper abroad" as leverage for regulation and tax policy that suits it, but not workers. Those decrying "protectionism" would do well to reconsider.

On Nov 15 02:08 PM reveigel@msn.com wrote:

> The real unfortunate part of this story is that many BIG businesses
> are in bed with government and love central control. It eliminates
> competition, adds to big business profits along with many politicians
> receiving large donations from the selected big business elite few.
> This program of raping the public has been going on for over a century.
> I have tried to place all the blame on government, but big business
> is just as guilty for our present mess. To overcome this double obstacle
> will take Herculean effort.

Should the Federal Reserve Be Doing More?

Mon, 16 Nov 2009 12:03:30 -0500

Do more? The Fed should not EXIST!!

Wall Street Breakfast: Must-Know News

Mon, 16 Nov 2009 12:00:57 -0500

So...no national security concerns there with GE "joint venturing" with AVIC. :( How in h#ll have we allowed this to continue???

On Nov 16 09:34 AM Kolk Abuk wrote:

> GE's planned 50-50 joint venture with Aviation Industry Corporation
> (AVIC) of China illustrates a fundamental leverage that finance has
> over good sense where national interests are concerned. From AVIC's
> own website here:
>
> www.avic.com.cn/EN/cop...
>
> "China Aviation Industry Corporation (AVIC) is an ultra large state-owned
> enterprise and an investment institution, authorized and managed
> by the Central People’s Government...
>
> AVIC develops in series fighter, fighter bomber, bomber, transport,
> trainer, reconnaissance aircraft, helicopter, attack aircraft, general
> aviation aircraft, UAV, etc. It also develops engines and missiles,
> such as turboprop engines, turbo-shaft engines, turbojets, turbofans,
> air-to-air missiles, air-to-surface missiles and ground-to-air missiles.
> It develops and builds brand aircraft including J-10, FBC-1, FC-1,
> L-15, JL-9, etc., brand engines such as Taihang, Qinling, Kunlun,
> etc. It provides advanced aviation-weaponry to Chinese military forces."

Wall Street Breakfast: Must-Know News

Mon, 16 Nov 2009 11:59:45 -0500

That's what this form of socialism is: government picking winners. The way that control is exerted is that each company knows it must comply with the agenda if it wants to be among the chosen. The only recourse the public has right now is to boycott those "chosen" companies...Congress is *not* listening to the people.

On Nov 16 09:46 AM Dave M. wrote:

> Go witness the outrage (message boards set up) of the Delphi non-union
> employees who had their pensions slashed while the unionized employees
> did not. That's Obama filling the pockets of certain Americans in
> a discriminatory fashion. Hope and change on a selective basis. Makes
> me sick.

Wall Street Breakfast: Must-Know News

Mon, 16 Nov 2009 11:56:41 -0500

* GE execs should be tried for treason!
* Thomas Hoenig gets it.
* Let GM/Opel fail!! No American tax $$ to Opel!!!

GM Looks to Use U.S. and Canadian Tax Money to Bail Out Opel

Mon, 16 Nov 2009 11:52:26 -0500

The fleecing of the American taxpayer continues. Wonder if Opel execs are not limited by the pay czar? Maybe there will be a "restructuring" in which GM ends up as a subsidiary of Opel after a "capital move" in which Opel ends up with the green balance sheet and GM the red ink...and then Opel execs, formerly GM execs based in U.S., will be uncapped? In any case...this DEFRAUDING of the taxpayer should never have been begun, and must be ENDED before further damage is inflicted!!!

P.S. -- I will never buy another GM vehicle. No company that has received a dime of TARP, TALF, etc. will get any of my business! EVER.

Market Destruction: Mass Media Finally Catching On?

Fri, 13 Nov 2009 18:11:11 -0500

"Keynesian Economics and its offshoot ("Chicago" economic theory) is, at its core, a scam. Not because the idea is invalid..."

Actually, I believe it IS invalid: government does not have money of its own -- any spending it does takes away from those who fund government and would do something else with that money. It is at least invalid in terms of Liberty and property rights. I believe it is also fundamentally unsound and invalid economically because all it is is debt creation in order to prevent slackening of demand -- trying to deny economic cycles is futile, and Keynesianism only exacerbates problems when they are finally actualized.

Capitalism Is for the Other Guy

Fri, 13 Nov 2009 17:56:26 -0500

Mmmm...mmmm...mmm!! Oh...oops. That's reserved for that *other* IL politician -- the mirror image of good old Honest Abe!

On Nov 13 09:20 AM The Geoffster wrote:

> Any people anywhere, being inclined and having the power, have the
> right to rise up, and shake off the existing government, and form
> a new one that suits them better. This is a most valuable - a most
> sacred right - a right, which we hope and believe, is to liberate
> the world.
> Abraham Lincoln

Capitalism Is for the Other Guy

Fri, 13 Nov 2009 17:53:59 -0500

There's at least one other flawed Keynesian stimulus assumption:

3. Those who are being taxed more and more to pay for government and its stimulus efforts will not revolt.

World Trade Organization Warns, Gold Rises, IMF Talks, U.K. Loses Credibility

Fri, 13 Nov 2009 17:50:07 -0500

Well of COURSE the WTO warns against "protectionism"!!! Its existence is to serve the liberal globalists who believe the U.S. is evil and that the wealth should be redistributed across the world. Trade policy is their tool for pillaging the U.S.A.

Fannie and Freddie's Stuyvesant Town Holdings: Not in Taxpayers' Interest

Wed, 11 Nov 2009 13:17:42 -0500

There should not BE any GSEs!!! This big government and socialist interference in housing (and other sectors) has GOT to end!!! Bankers are being blamed, when in fact it was big government and socialism that brought down housing...and thus banks:

online.wsj.com/article...

Ticking Away: The Inflation Time Bomb

Tue, 10 Nov 2009 18:58:27 -0500

That is NOT what has happened to the U.S.!!! We owe foreigners, and some groups of Americans are being systematically pillaged to prolong the debt-based spending to give entitlements to other groups, and to prop up the assets and lifestyles of the "ownership class."

On Nov 10 03:33 PM cyclingscholar wrote:

> Mr. Winkler: place 4 gamblers in a circle. Everyone borrows 1 trillion
> dollars from the person on his left. Repeat 9 times (4x9=63, for
> you publik skool community organizers). The group collectively owes
> 63 trillion dollars to itself. Should I worry?

Oh Yeah, The Economy Is Improving

Tue, 10 Nov 2009 18:54:04 -0500

Nope. Big Government is what caused this meltdown. The stats you cite are simply evidence that the unwinding of this too big-ness and the accompanying deflation are unstoppable.

On Nov 10 12:41 PM conceptwizard wrote:

> The Center on Budget and Policy Priorities (CBPP) in Washington,
> DC monitors and calculates the gap between the fifty states' tax
> revenues and expenditures.
> The CBPP also studied what kinds of budget decisions the states have
> already made because of the crisis. Key findings include the following:
>
>
> 27 states have reduced health benefits for low-income children and
> families;
> 25 states are cutting aid to K-12 schools and other educational programs;
>
> 34 states have cut assistance to state colleges and universities;
>
> 26 states have instituted hiring freezes;
> 13 states have announced layoffs; and
> 22 states have reduced state workers' wages.
> Since the worst of the states' budget shortfalls lies ahead, we can
> expect all of these numbers to deteriorate further.
>
> These state actions not only undercut the federal government's short-term
> stimulus goals; they also impose long-term costs on the economy in
> the diminished health and education of the U.S. workforce. Just when
> the mass of Americans need more help and support from their state
> governments, our economic system provides them with less. This raises
> the human and fiscal costs of the crisis. It worsens in the cities
> and municipalities.
>
> A rising stock market is not a sign of economic recovery. It is a
> sign of mis-directed funds enabling a broken system to criple along
> at the expense of the taxpayer.

Dow Remains Resilient Despite Calls for a Correction

Tue, 10 Nov 2009 15:27:00 -0500

I would also note that Big Government is gaining at the expense of capitalism and Main Street. When you cite Wall Street gaining, that's not really true -- keep in mind that corporations are a dichotomy: a few at the top really gain from this propping-up and pillaging of the people; but the bulk of those who work at corporations are middle-class, and are worse off for what is happening, the same as are working-class folks in small businesses. Big Government is the one thing that keeps grabbing more power and a bigger share of the financial pie no matter what. Until we limit the role of government in our lives, the average worker will not be able to keep more of what they earn!

On Nov 10 01:27 PM chris coonan wrote:

> Sorry, Wall Street is gaining at the expense of Main Street, so my
> forecasts are down from here.

Dow Remains Resilient Despite Calls for a Correction

Tue, 10 Nov 2009 15:23:17 -0500

"...our sense is that economist Joseph Schumpeter’s notion of “creative destruction” will play once again. One can actually see it at work as labor and capital are moving from dying industries to growing industries like electric cars, biotechnology, green companies, infrastructure, etc."

Heh. Creative destruction of what and by whom??? That is the question! The socialists currently in power are creatively destroying capitalism and Liberty in this land. The movement of labor and capital that you see are real...but these movements are not due to free markets allocating where the best opportunities are, but rather, to where these socialist thugs are forcing them to. That will *not* yield the same beneficial effect that free market "creative destruction" does -- instead, it will yield inefficiencies, misallocation (meaning disruptions to supply and demand) that result in shortages of some goods/services and excesses of others, and general lack of incentive among producers who are increasingly deprived of the natural market for their labors.

Elliot Wave: The Dollar Is Set for a Major Rally

Mon, 09 Nov 2009 13:30:05 -0500

Yes:

1) Drastic downsizing of government.
2) Dramatic, across-the-board tax cuts.

The private sector creates wealth...the government can only siphon and spend, not create wealth.

On Nov 08 12:56 PM Mr. G wrote:

> I never see any real alternatives from all the doomsday prophets
> to fix the current economic mess. Raising the FED rate to put a halt
> on the dollar decline would depress economic growth because it would
> not encourage banks to lend.
>
> If we can get past the current unemployment rate and increase consumption,
> modify the sins in real estate lending, and stabalize our economic
> imbalances, there may be light at the end of the tunnel.
>
> Any economic geniuses with a quick fix?

Corporations Win Again - This Time It's Healthcare

Mon, 09 Nov 2009 13:24:32 -0500

Socialism = THEFT and loss of Liberty. Delenda est Washington!!!

Dear Fed: The Problem is Solvency, Not Liquidity

Fri, 06 Nov 2009 15:37:43 -0500

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

Fri, 06 Nov 2009 15:32:27 -0500

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

Fri, 06 Nov 2009 15:30:47 -0500

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

A New Economic Indicator?

Fri, 06 Nov 2009 15:28:52 -0500

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

Fri, 06 Nov 2009 15:17:21 -0500

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

Fri, 06 Nov 2009 15:14:38 -0500

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

Fri, 06 Nov 2009 15:02:37 -0500

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?

Thu, 05 Nov 2009 12:32:59 -0500

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 ...