brokerinbirmingham

Obama's New Wall Street

My only problem is with BHO restriciting the free flow of capital (human and financial) to where the free market and human freedom of choice in occupation want to go. If poeple want to get rich doing transaction as opposed to writing computer code, who is he to say no? Do we live in the USSR now? Does he have the constitutional power to restrict the pursuit of happiness wherever (legally) one might pursue it? I think he does not. I think BHO is meddling in private enterprise far more dangerously than even FDR would have done. I wish I were as presbyopic as you guys who know exactly where to put people. Since I make my living based on transactions, it would be foolish of me to say my occupation is worthless. Or, do you mean that people who trade for a living do not contribute to the economy? I mean, a transaction is a connection of a seller and a buyer - whether it's a car, a house, or a stock. And that's worthless to you? Well, I'll take my worthlessly profitable transactions and commit them in another country. Seems like every country wants to be a hub of these worthless transactions - London, Frankfurt, Tokyo, Dubai, Zurich...wonder why. Oh, that's right! Capital gains! Commissions! Fees! Worthless crap. I agree. My bad. Too bad there won't be a banker to lend me money for my new home, or a real estate agent to help me sell my old home. THey gave up on worthless transactions business and started writing computer code.

Obama's New Wall Street

Interesting that BHO believes his policies can gut the financial industry talent (to say nothing of the sector's ability to offset risk by dirivative trading) and yet it stays competitve. One wonders, what if we apply the same ideas to the tech sector. Let's say we tell the bosses of MSFT, DELL, CSCO, and ORCL, "we're going to kill your profit motive, but hey, you'll still be competitve. No more multi-millionaires for you, but I'm sure you'll always attract the top talent. Don't worry, if you make too much money we'll be there to skim it off the top for you. And we've got these great bureaucrats to help you engineer the best technology in the world. They know jack sh-t about computers, but they did raise money for my campaign, so they're qualified." The thought makes my leg tingle. Oh wait, that's no tingle, it's BHO trying to pick my pocket again.

Judging Obama's First 100 Days

Barak claims he inherited the economic condition from President Bush. So Barak takes no blame for the probelmatic issues, and claims victory for the successes. How insipid. How invidious.
Sophistry at it's best. So, Barak is only President of successful endeavours after the fact now? Anything that doens't work out was Bush's fault? Conservatives can find a lot of fault with Bush (both of them) and they do. But one thing you have to give them credit for is NOT blaming everything they can't handle on the predecessor President.
"Compromise is the negation of leadership." - Margaret Thatcher

Capitalism: Too Big to Fail IS a Failure

The Road to perdition is long and winding...

I think we're on the fast track now, cooking with clean coal and green energy that's capped and traded our way to an Angola-level national prosperity.

I'm glad Specter finally outed himself. Has he ever not promoted the Liberal verison anyway? The TARP bailout sellout was just the latest. Remeber his Scottish Law reference? He and Jumpin' Jim Jeffords and Licoln Chafee belong together.

Leaving Green to the Free Market - Barron's

"The free market with laissez faire government messed up the world economy" -Leser

So where are all the people just clamoring to enter the worker's paradises of command economies? Gee, I just don't recall Soviet Union/Eastern Bloc being economic powerhouses. THE Wall, as I recall, was to keep people in, not out. Otherwise the average citizen of the USSR would have walked on over to The West. On the contrary, it appears China has possibly learned that lesson.

It wasn't laissez faire government that gave us the elimination of redlining. It was the opposite. Increased regulation always yields increased costs. When will Liberals get it that cost increases are passed on to consumers. Corporations don't pay taxes, shareholders pay taxes (2 times - once as the income of the corporation and again as dividends received). If you don't think so, watch what happens when cap-and-trade goes into effect.

Obama's High Speed Rail Strategy: What Will Happen When the Steel Meets the Track?

Way too expensive for the utility of the thing. Has anyone considered the topography of the planned routes? I'm no rail engineer, but I seem to recall the level of the grade has a lot to do with the ability to have a high speed rail system. Can that be maintained on all these planned routes? Can the Watermelon Party be appeased sufficiently so that when the track will pass over a certain endangered worm species, the worms will not stop the tracks of progress? Bottom line, this project would be the biggest boondoggle in U.S. history (excepting the war on poverty).

Obama's Economics Speech: The Man Is Good

Good point Pstoneki. so, what part of the Constitution provides for private investment in a public company by the federal government?

Obama's Economics Speech: The Man Is Good

KK, I would submit that the Pres is not behaving Preisdential. He has been having Imperial. When he speaks he spins. For example yesterday he vowed to simplify the tax code. In context of his former writings, speeches, and musings, longing for the Socialist path, one can conclude that to simplify means a two step process: 1)how much did you make; 2)that's how much you owe. The allowed deductions: are you illegal alien or a citizen who paid no taxes?, please visit your local IRS office for a refund, free medical care, free housing, and free pension (vote Democrat!). Are you a Citizen who had earned income? If yes, see 1 and 2, you arrogant, derisive, dismissive right-wing scum.

Obama's Economics Speech: The Man Is Good

Since when does community orgainizing equate with 30 years on the job experience running a world-wide corporation? (Or the world's only superpower, complete with nuclear warheads and the way-out-front leading economy for that matter?) Rorty maybe you are watching too much CNN or MSNBC. Try looking at the picture through the capitalist point of view. Ws it the President's business to fire Waggoner? Ws it his business to force Chrysler to merge with Fiat? He's qualified to run not one, but three of the world's largest auto makers now? I think we're beinning to see a centarlly planned economy, and that is what scares the heck out of many people. Should Waggoner be fired? probably, but that should have been a decision for the board and the shareholders, not the President.

Coming to America - Mitsubishi's All Electric Car

Perpetual motion, conan, is the idea here. What is proposed is a machine that produces more energy than it consumes, in a closed system, of it's own accord or through its own power. that is a fantasy.

Coming to America - Mitsubishi's All Electric Car

Whisperonthewind does have a good idea. I have a better idea. Teleportation machines. Why is the administration wasting it's time on electric cars and green energy and global warming when he should be focusing on teleportation devices, faster than light travel, and weather-control satellites. I mean, why wast time on perpetual motion? If a device produces energy at a rate that exceeds it's own rate of consumption, it fits in with perpetual motion. that is what whisper suggested. Make a car that charges itself as it runs...why not make a gas powered car that uses it's own exhaust to burn. Or BP should come up with a fuel that makes petrol as you drive. Oh wait, that;s like a fission reactor. Why don't we have cars propelled by fission reactors? We could go on and on. Or we could deal with reality and address the facts such as the hoax of glabal warming, the hoax of "taxing the rich produces propserity for all", the hoax of spending my child's yet-to-be-earned tax revenue is good, the hoax that killing domestic oil exploration is beneficial beause its somehow beneficial to moose in Alaska, etc.

Obama and Reagan: Mirror Images, Mirror Ironies

The coming inflation will eat away any dollar gains the low and middle class gain in wages, if there are any gains in wages. With the labor market no longer in tight supply will wages rise? Law of supply says no. Thus the inflationary impact will be felt most by th every people O says he's going to help. THere is a fixed cost for some things without which one cannot reasonably do - electricity, gasoline, food, housing. As the prices for these things rise, they will claim more and more percentage of the poor and middle class income. SO how does a $3 trillion injection (before the velocity effect even takes effect) help the poor and middle class exactly? This is perhaps the "mirror" - O believes the best way to hep the poor and middle class is to take action that will reduce incentives to invest, work, and grow a business. Regan believed the opposite. I was only in high school during Regan's first term, and college during the second, but I do recall that both houses of Congress were controlled by the opposition party, thus Regan was handicapped in what he could accomplish for tax policy. Nevertheless, there has NEVER been a nation who taxed themselves into prosperity. As Abraham Lincoln said, and it's just as applicable today, "there are too many pigs for the teats".
Obama delenda est.
Remeber the Cole.

Opinion About Obama Coming Down to Earth?

P.S. - we need a president who can take criticism from anyone and not act like a churlish adolescent. I mean, to use his own words, "I won in November so I trump you." Fine. Act like a man then and not like a mamma's sissy boy and go off crying because Rush/Hannity/Fox get on your bad side. If you want to dish it out on Bush, be ready to take it yourself, Mr. Emperor Obama.

Opinion About Obama Coming Down to Earth?

What a useless article! Not only useless, it's baseless.
In what way has Obama done everything to stimulate the economy?
Are you talking about that load of horse _____ he called a stimulus? Are you talking about how he and his administration constantly give America the overt message they are actually planning to spread the wealth? Are you talking about the plan to make those who work hard and pay their bills pay more in taxes so that the non-workers can have more perks? Or are you talking about how Obama et al wants us to have a state-run health care system so we can have the same famously successful system like they do in Europe and Canada where you may well die while waiting for a decison if you're life is worth saving -a government beureaucrat gets to make that decision of course? What plan exactly are you talking about that gives anyone but rapscallion carpetbagger liberal types hope that O knows how an economy actually works?

Why Obama's Big Spending, Big Taxing Regime Will Cripple the U.S. Economy

I agree, you don't know where to start because, it's hard to rationalize the largest ponzi scheme in world history. It's hard to rationalize the government mandated thuggery that this administration is conjuring. It's hard to raionalize the idea that minorities should be enslaved to and by leftist ideology when it has not, after 40 years and trillions of dollars already spent, done one thing to help them. "Capitalism has failed us" so I hear you say. Yet, please point to one of the Worker's Paradises of the left and tell me how wonderful life is there compared to that in a capitalist country. Gee...I have never seen millions flocking to USSR or North Korea to build a better life (except maybe high-ranking members of the Communist Party, but then those aren't millions).


On Mar 23 02:20 PM wpdragon wrote:

> its not that we "libs", "dems", "socialists", "commies". "muslim
> sympathizers" aren't putting up attack posts, its just that we're
> laughing so hard at that idiot that we don't know where to start.
>