Socialism cannot compete!

Wall Street Breakfast: Must-Know News

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

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

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

The Economic Impact of the G20 Ending Oil Subsidies

Right on, Stephen! This admin is clearly in the tank with the anti-oil syndicate, as witnessed by the push for "cap & trade" and the biggest farce ever pushed on mankind: "global warming"! Obama and Gore both have big stakes in the "carbon exchange" and stand to make mega-bucks by pushing their vested interest in such...while living in complete hypocrisy with large homes that burn several times the energy of the average American home!! I'll start listening to these fraudulent goons when their personal actions measure up to their rhetoric and when the obvious vested interests are not what is pushing their agendas!


On Sep 17 08:52 AM Stephen Metzger wrote:

> This is a one-sided and very disappointing article. Hidden energy
> subsidies? Could you be more explicit and name them, please? $1
> trillion in costs annually associated with fossil fuels? That I
> find very hard to believe and certainly does not pertain the United
> States. Green energy jobs? Non-existent without subsidies!! Mr.
> Rickman has, seemingly, taken the current administration's energy
> policy and simply regurgitated it. Energy independence? When you
> close off offshore drilling and ANWR, how can you seriously be interested
> in energy independence? Skating on the thin ice of subsidized greenery
> is not only precarious but downright dangerous. There is only one
> rational objective in this travesty and that is to bring down America.
> All aspects of this pathetic and dangerous administration point to
> this purpose.

Wall Street Breakfast: Must-Know News

I DO mind the deferal of payments AND the foreclosure moratorium...and ANYTHING that involves government subsidizing or forcing banks to take the hit for home buyers that cannot make their payments! This is SOCIALIST interference with housing on the taxpayer dime, and is costing those who prudently waited to buy doubly -- we are footing the bill for those who overbought and also not being allowed the price reductions that would & should be occurring!!!


On Jul 30 08:03 AM doubleguns wrote:

> "defer [payment of] the money owed to a later time when, hopefully,
> home values have improved."
>
> This sounds like if values don't rise you dont make payments. I am
> sure that would prevent forclosures but at what cost. I dont mind
> to defer the payments but it has to be some reasonable period of
> time not "when the home values have improved."

Wall Street Breakfast: Must-Know News

[quote]
New help for homeowners. The White House is planning to announce new guidelines today to help homeowners struggling with Federal Housing Administration-insured mortgages. The guidelines will narrow the gap between the FHA's mortgage-modification program and the White House's foreclosure-prevention plan, and will "offer borrowers an opportunity to stay in their homes, make payments that are manageable and defer [payment of] the money owed to a later time when, hopefully, home values have improved.
[end quote]

Apparently my biggest financial mistake ever was not buying a home I couldn't afford. This is a total CROCK!!!

Let's Just Say It: Print More Money

The Fed and Treasury have KILLED this economy by taking exactly the wrong actions. What should they have done?

1) Kept rates up at about 4%, so as to not penalize the savers -- those who chose WISELY.

2) Massive tax cuts, so that we all have more of OUR OWN income to use towards paying down debt. Both of these focus on rewarding savings vs. debt -- and that is the core issue that caused this mess.

3) Big cuts to government -- needs to live within its means...and its means need to be decided by US, not by THEM. I.e., consumptive taxation, not confiscatory taxation, plus a Balanced Budget Amendment.

Nuclear Winter Pick - Cramer's Mad Money (9/24/08)

@2wheelrider:

"But the fact remains, the economy needs liquidity and the best proposal so far has been the $700B TARP plan."

No. The best plan has been insuring the debt, not buying it. And massive cuts in government and taxes.

Dow 30 Performance Since 7/15

cardiodoc: Thank you sir! You are a fine American!! Agreed across the board. Wish more folks could think logically and see the light!!

Wall Street Breakfast: Must-Know News

GS really doesn't get BA. Sure, airlines are hurting. Yes, some orders will get cancelled. But let me ask...how many years worth of backlog are there? Yeah, several, worth ~10 times BA's market cap! And a big reason many of those orders exist is because the newer planes are more fuel-efficient...*help... the airlines deal with high fuel costs. Yet GS cites that high fuel cost as a source of hurt for BA. The reality is, high fuel costs for airlines are a moot point - these effects cancel each other to some degree. Furthermore, given the multi-year backlog, it is likely that fuel costs will have either moderated again, or that the overall economic situation will change in some way that diminishes the effect of high oil prices. Those lost orders could easily be renewed two years down the road, before they were originally scheduled for delivery anyway!

Furthermore...aside from all the talk of lost orders and high fuel costs, GS is downgrading BA right at the time when BA is *finally* starting to meet milestones on the 787...if anything, BA is finally building momentum on that project, and apart from macro-economic worries, BA would be seen as having bottomed.

In short, I think there's a better than 50% chance that GS has muffed this one big time! The dollar may soon begin strengthening; we may soon see offshore drilling limits lifted...both causing lower oil prices; and BA is building momentum. Note that they beat last quarter, also amidst record high oil, and during a period where it seemed like the 787 project was announcing a new delay every month. Their existing production deliveries were being made more efficiently than expected, showing the company is thriving despite the 787 delays, and despite high oil.

I am long BA.