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.

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.
>

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

Please explain, GEOMAC, why you believe this is wrong.


On Mar 23 10:51 AM GEOMAC wrote:

> Wrong again.

Three Reasons the Stimulus Will Fail

One more thing, Prognostic: You blame the selection of Sarah Palin as the reason McCain lost. Wrong. It was Palin who energized the Conservative base. As a Conservative myself, I did not care if McCain or Clinton won, seeing them as two peas in the pod. For almost the entire last 16 years you could hardly tell that McCain was a Republican, so what did it matter? Why else was he a "maverick"? You can't out-liberal a Liberal. McCain tried. He belongs with O. Snow, S Collins, and A Specter, and dare we say it, Lincoln Chaffee. So it was McCain who sank McCain, or rather McCain's own record.


On Feb 08 11:12 AM Prognostic wrote:

> Excellent article and right on the mark!
>
> I am very disappointed with the so-called stimulus plan. What really
> baffles me how all this govt spending on public buildings, parks,
> FBI, solar panels and such si supposed to provide jobs to all the
> white collar and bule collar people that have been laid off. I know
> several people that are laid off and as best as they know they know
> nothing about installing solar equipment or building windmills or
> construcing highways and so on. The most prudent thing to have done
> was to pass these monies in the form of tax credits and incentives
> to businesses and entrepreneurs who then would create the jobs that
> have gone missing in this new economy. Agree 100% with the author.
> McCain screwed a great opportunigty when he pandered to the religious
> right and picked Palin as his running mate and screwed the pooch
> by supporting a continuing Iraq war. He had the right ideas in mind
> with regards to just how we turn this economy of ours around. And
> now I have signed on to several more miserable years of a rapidly
> destructing economy.

Three Reasons the Stimulus Will Fail

But, Prognostic, you failed to note that all this builing of "green" building will help Algore keep in the green, Algore being a reasonable proxy for all the watermelon organizations to whom The One owes his ill-gotten presidency, not to mention Congressional majorities. Is the $5B for ACORN still in the Porculus bill?


On Feb 08 11:12 AM Prognostic wrote:

> Excellent article and right on the mark!
>
> I am very disappointed with the so-called stimulus plan. What really
> baffles me how all this govt spending on public buildings, parks,
> FBI, solar panels and such si supposed to provide jobs to all the
> white collar and bule collar people that have been laid off. I know
> several people that are laid off and as best as they know they know
> nothing about installing solar equipment or building windmills or
> construcing highways and so on. The most prudent thing to have done
> was to pass these monies in the form of tax credits and incentives
> to businesses and entrepreneurs who then would create the jobs that
> have gone missing in this new economy. Agree 100% with the author.
> McCain screwed a great opportunigty when he pandered to the religious
> right and picked Palin as his running mate and screwed the pooch
> by supporting a continuing Iraq war. He had the right ideas in mind
> with regards to just how we turn this economy of ours around. And
> now I have signed on to several more miserable years of a rapidly
> destructing economy.