Tao's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/155553/comments http://seekingalpha.com/article/148387-winter-s-coming-for-the-boomers-part-2?source=feed#comment-587249 587249
Most of our leaders seem to think profit is the big thing, but they need to consider quality of life, too.

Price controls are one solution but the leaders are afraid of them.

Common sense is missing in our leaders too.

The elderly need to remind the young that we paid from every paycheck into Social Security, usually about 45 years by the time we retired. We were promised we would get a monthly check for paying in.

There will be plenty of money to pay for Social Security retirement. It is the add ons they added over the years that is causing problems. People shouldn't have to work longer to draw it, the jobs are needed for the young with families.

I honestly believe this crisis is being created by Wall Street so we will have to invest in their stocks for retirement. I don't want to be dependent on them.]]> Tue, 14 Jul 2009 09:29:33 -0400
Most of our leaders seem to think profit is the big thing, but they need to consider quality of life, too.

Price controls are one solution but the leaders are afraid of them.

Common sense is missing in our leaders too.

The elderly need to remind the young that we paid from every paycheck into Social Security, usually about 45 years by the time we retired. We were promised we would get a monthly check for paying in.

There will be plenty of money to pay for Social Security retirement. It is the add ons they added over the years that is causing problems. People shouldn't have to work longer to draw it, the jobs are needed for the young with families.

I honestly believe this crisis is being created by Wall Street so we will have to invest in their stocks for retirement. I don't want to be dependent on them.]]> http://seekingalpha.com/article/148387-winter-s-coming-for-the-boomers-part-2?source=feed#comment-587225 587225
Besides that we have stored oil for emergencies.


On Jul 13 01:03 PM Socialism cannot compete! wrote:

> Blatant lie. Last year, during the $140/barrel oil "pricing crisis",
> Transocean's CEO testified to Congress that most new deepwater sites
> could begin production within 1-2 years, with the hardest-to-reach
> at a max of 5 years. Quit perpetuating the lies about time-to-production
> for deep-water drilling!!]]> Tue, 14 Jul 2009 09:18:24 -0400
Besides that we have stored oil for emergencies.


On Jul 13 01:03 PM Socialism cannot compete! wrote:

> Blatant lie. Last year, during the $140/barrel oil "pricing crisis",
> Transocean's CEO testified to Congress that most new deepwater sites
> could begin production within 1-2 years, with the hardest-to-reach
> at a max of 5 years. Quit perpetuating the lies about time-to-production
> for deep-water drilling!!]]> http://seekingalpha.com/article/144489-working-geriatrics-we-could-grow-out-of-a-social-security-problem?source=feed#comment-567432 567432
Workers have paid into Social Security for about 45 years when they retire. I can't believe they will not be allowed to collect on it.

What is wrong with the rest of us getting to retire and enjoy life a little?
]]> Mon, 29 Jun 2009 16:01:48 -0400
Workers have paid into Social Security for about 45 years when they retire. I can't believe they will not be allowed to collect on it.

What is wrong with the rest of us getting to retire and enjoy life a little?
]]> http://seekingalpha.com/article/130417-inflation-expectations-a-primer?source=feed#comment-459375 459375
Great article.]]> Fri, 10 Apr 2009 18:31:47 -0400
Great article.]]> http://seekingalpha.com/article/112221-generic-drug-price-war-ramps-up?source=feed#comment-337697 337697 Wed, 24 Dec 2008 14:09:57 -0500 http://seekingalpha.com/article/111655-the-deflation-scam?source=feed#comment-335903 335903
It was pure and simple greed and dishonesty that made them do it, not CRA.

Your are being intellectually dishonest with yourself, if you really believe that it was Clinton's fault.


On Dec 20 06:03 PM RTF 360 wrote:

> www.bloomberg.com/apps...;sid=aGvwttDayiiM&...
>
>
> In the past 60 days,the feds just spent (without hearings) 4 times
> as much covering up the banking / credit default swap scandal as
> they did for all the wars and all the social programs in the first
> 75 years of the twentieth century .
>
> The velocity of that change is staggering when presented in graphic
> form
> Source Commodity Research Bureau ISBN 13 978 0 471 78443 2
> The Subprime Lending Bias
> By INVESTOR'S BUSINESS DAILY | Posted Friday, December 19, 2008 4:20
> PM PT
>
>
> Media: If, as they say, it's journalists who write history's first
> draft, then future texts will be riddled with errors about the origins
> of the subprime disaster, teaching future leaders the wrong lessons.
>
>
>
> ----------------------...
> Read More: Media & Culture | Economy
>
> ----------------------...
>
>
> Just how did Americans come to lose $10 trillion in real estate and
> stock wealth? And why are our children and grandchildren on the hook
> for as much as $8 trillion in federal bailout money? These are some
> of the most important questions of our time. Yet the mainstream media,
> plagued by monopartisan bias, are not providing the public honest
> answers.
> Take, for instance, a recent front-page article in the Washington
> Post, under the headline, "How HUD Mortgage Policy Fed the Crisis."
> The piece correctly fingers HUD for helping fuel risky lending at
> Fannie Mae and Freddie Mac. But the newspaper starts its analysis
> in 2004 (in fact, the first sentence begins, "In 2004 . . . "), making
> it seem as if the Bush administration crafted "affordable housing"
> policy and created the subprime market.www.youtube.com:80/wat...
>
> The Post knows better. The Bush HUD merely continued a politically
> correct policy launched by the Clinton administration. For the first
> time, President Clinton ordered HUD to set quotas for Fannie and
> Freddie to buy huge portions of Community Reinvestment Act loans
> and other low-income mortgages made to borrowers with poor credit.
> The Post failed to mention this key fact.
> By 2000, fully half of the mortgage giants' portfolios consisted
> of these risky loans, most of them subprime mortgages. In effect,
> the Clinton HUD set a time bomb that would explode years later with
> the collapse of home prices, which happened to occur on Bush's watch.
>
> At the same time, HUD pressured the federally subsidized giants to
> lower their loan-to-value ratios and other underwriting requirements
> to accommodate minority borrowers. HUD Secretary Andrew Cuomo even
> admitted that the administration was mandating a policy of "affirmative
> action" lending (his words, not ours).
> And it was Clinton who initially spread the subprime rot to Wall
> Street. To help Fannie and Freddie reach their "affirmative action"
> lending quotas, HUD in 1995 let them get affordable-housing credit
> for buying subprime securities that included loans to low-income
> borrowers.
> Less than two years later, Freddie partnered with Wall Street investment
> banker Bear Stearns to issue the first securitizations of low-income
> CRA loans.
> There's even a press release still available on the Web that memorializes
> the historic deal, which dumped hundreds of millions of dollars in
> the risky loans on the market — a down payment on the hundreds of
> billions that were to follow.
> The Post left all of that out of its story, even though the deal
> marked the beginning of the boom in subprime securities.
> Of course, providing such background to readers would ruin the impression
> that Bush and Republicans were responsible for the crisis, an impression
> the Post and other liberal media elites hope will stick in the public's
> mind and become conventional wisdom. And conventional wisdom, once
> galvanized, is a powerful thing in Washington. Whole agendas and
> coalitions are built around it.
> The Post also provided just one side of the data in its story. The
> paper said that Bush "ratcheted up" the affordable-housing goal for
> Fannie and Freddie, from 50% to 56%. But it left out the fact that
> the previous president, the liberal Democrat, institutionalized the
> quota and ballooned it up to 50%. Which move do you think had a greater
> impact on the subprime market?
> A recent story in the Associated Press was equally tendentious. It
> blamed Bush for not cracking down on loose lending standards that
> had become the norm in the mortgage industry, while completely ignoring
> the systematic dismantling of those standards during the previous
> decade under Clinton.
> "The administration's blind eye to the impending crisis is emblematic
> of its governing philosophy, which trusted market forces and discounted
> the value of government intervention in the economy," wrote AP Washington
> correspondent Matt Apuzzo.
> Reality check: "Government intervention" is what planted the seed
> to this whole crisis. As we've noted, Clinton in 1995 revised CRA
> regulations to pressure banks into adopting "flexible" lending standards
> to increase minority homeownership. In a 1,389-word story, AP cited
> that easily verifiable fact not a single time.
> Make no mistake: It was Clinton who forced banks — most importantly,
> Fannie and Freddie — to go into the subprime market to serve the
> targeted populations that HUD and other Clinton banking regulators
> wanted them to serve.
> In effect, the media are blaming Bush for Clinton policies. Whoever
> controls the debate in Washington controls the truth. Right now,
> it's Democrats and their press courtiers. And so far, they've managed
> to shade the truth about the root causes of this epochal financial
> crisis.
>
> hotair.com:80/archives.../
>
>
>
>
>
>
>
> ----------------------...
>
>
>
>
> us1.institutionalriska...
>
>
>
>
> " I blame the mutation of the securitization industry into a toxic,
> damaging thing on Fannie and Freddie. These organizations lost their
> moral compass and began to do things in the marketplace that eventually
> caused them to get into such difficulties that the CEOs were removed
> and all sorts of new restrictions were placed on the GSEs. Wall Street
> said halleluiah and proceeded to dive headlong into subprime mortgages
> and all the rest. The banks loved it as did the Democrats on the
> Hill, who are always looking to make hay about affordable housing.
> "............
>
> ..........If Wall Street had simply stopped and packaged the subprime
> loans into a conventional pass through security, there would be no
> problem. It would be the world's most boring business. But no, instead
> they created pools of dissimilar collateral and derivatives and then,
> with the full complicity of the rating agencies, sold this stuff
> to adolescents in the investment community, the new rich of Asia
> and the Middle East. And they bought big chunks of this stuff as
> did their banks. But the really incredible thing is that not a few
> of the dealers in New York themselves did not understand this paper
> and a couple eventually went bust because this very paper became
> practically worthless or close to it. They have no idea what it means
> when the Street cannot reverse engineer a deal
>
> Roundtable with Roger Kubarych and Richard Whalen
>
>
> www.tavakolistructured...
>
> JANET TAVAKOLI ...watch the 6 minute video on the 'bail out',you'll
> be glad you did.
>
> The Reckoning - From Midwest to M.T.A., Pain From Global Gamble -
> Series - NYTimes.com
>
>
>
> The Reckoning - How Merrill Lynch Faltered and Fell - Series - NYTimes.com
>
>
>
> Firms underwriting the C.D.O.’s generated fees of 0.4 percent to
> 2.5 percent of the amount sold. So the fees generated on the $316
> billion worth of mortgage- and asset-backed C.D.O.’s issued in 2006
> alone, for example, would have been about $1.3 billion to $8 billion.
>
>
> www.nytimes.com/2008/1...;_r=2&ref=busi...
>
>
>
>
> The Reckoning - From Midwest to M.T.A., Pain From Global Gamble -
> Series - NYTimes.com
>
>
> "You hear about all these millions of dollars that have been lost,
> and you think, that’s got to come out of somewhere.”
> www.nytimes.com/2008/1...;_r=1&sq=janet...
>
>
> A Question for A.I.G. - Where Did the Cash Go? - NYTimes.com
>
>
> “When investors don’t have full and honest information, they tend
> to sell everything, both the good and bad assets,” said Janet Tavakoli,
> president of Tavakoli Structured Finance, a consulting firm in Chicago.
> “It’s really bad for the markets. Things don’t heal until you take
> care of that.”
>
>
> www.nytimes.com/2008/1...;ref=business&...
>
>
> Ms. Tavakoli said she thought that instead of pouring in more and
> more money, the Fed should bring A.I.G. together with all its derivatives
> counterparties and put a moratorium on the collateral calls. “We
> did that with ACA,” she said, referring to ACA Capital Holdings,
> a bond insurance company that was restructured {out of court} in
> 2007.
>
>
>
> Fair Game - They’re Shocked, Shocked, About the Mess - NYTimes.com
>
>
>
>
> something more may be at work. And that something centers on trust
> and credibility, which have been lacking in corporate and government
> leadership in recent years.
> www.nytimes.com/2008/1...;scp=4&sq=tava...
>
>
> Is it any surprise that virulent mistrust seems to own the markets
> now?
>
> Janet Tavakoli, a finance industry consultant who is president of
> Tavakoli Structured Finance, said the stock market’s gyrations are
> a result of a severe lack of confidence in the very officials who
> are charged with cleaning up the nation’s mess.
>
> What Ms. Tavakoli means by common sense is a plan that will force
> institutions to get a fix on what their holdings are actually worth.
>
>
> "It is not enough to throw money at a problem; you also have to use
> honesty and common sense," Ms. Tavakoli said. "In fact, if you leave
> out the last two, you are wasting taxpayers' money. If you are going
> to hand out capital, you have to first revalue the assets or take
> over so that you can force a mark-to-market. Force restructurings,
> mark down the assets to defensible levels and let the market clear.
>
>
>
>
> HENRY KAUFMAN on the credit crisis
> Says the Fed is responsible for the financial crisis
>
>
> video.aol.com/video-de...
>
>
>
> Untangling credit default swaps
>
>
>
> www.youtube.com:80/wat...]]> Mon, 22 Dec 2008 13:24:14 -0500
It was pure and simple greed and dishonesty that made them do it, not CRA.

Your are being intellectually dishonest with yourself, if you really believe that it was Clinton's fault.


On Dec 20 06:03 PM RTF 360 wrote:

> www.bloomberg.com/apps...;sid=aGvwttDayiiM&...
>
>
> In the past 60 days,the feds just spent (without hearings) 4 times
> as much covering up the banking / credit default swap scandal as
> they did for all the wars and all the social programs in the first
> 75 years of the twentieth century .
>
> The velocity of that change is staggering when presented in graphic
> form
> Source Commodity Research Bureau ISBN 13 978 0 471 78443 2
> The Subprime Lending Bias
> By INVESTOR'S BUSINESS DAILY | Posted Friday, December 19, 2008 4:20
> PM PT
>
>
> Media: If, as they say, it's journalists who write history's first
> draft, then future texts will be riddled with errors about the origins
> of the subprime disaster, teaching future leaders the wrong lessons.
>
>
>
> ----------------------...
> Read More: Media & Culture | Economy
>
> ----------------------...
>
>
> Just how did Americans come to lose $10 trillion in real estate and
> stock wealth? And why are our children and grandchildren on the hook
> for as much as $8 trillion in federal bailout money? These are some
> of the most important questions of our time. Yet the mainstream media,
> plagued by monopartisan bias, are not providing the public honest
> answers.
> Take, for instance, a recent front-page article in the Washington
> Post, under the headline, "How HUD Mortgage Policy Fed the Crisis."
> The piece correctly fingers HUD for helping fuel risky lending at
> Fannie Mae and Freddie Mac. But the newspaper starts its analysis
> in 2004 (in fact, the first sentence begins, "In 2004 . . . "), making
> it seem as if the Bush administration crafted "affordable housing"
> policy and created the subprime market.www.youtube.com:80/wat...
>
> The Post knows better. The Bush HUD merely continued a politically
> correct policy launched by the Clinton administration. For the first
> time, President Clinton ordered HUD to set quotas for Fannie and
> Freddie to buy huge portions of Community Reinvestment Act loans
> and other low-income mortgages made to borrowers with poor credit.
> The Post failed to mention this key fact.
> By 2000, fully half of the mortgage giants' portfolios consisted
> of these risky loans, most of them subprime mortgages. In effect,
> the Clinton HUD set a time bomb that would explode years later with
> the collapse of home prices, which happened to occur on Bush's watch.
>
> At the same time, HUD pressured the federally subsidized giants to
> lower their loan-to-value ratios and other underwriting requirements
> to accommodate minority borrowers. HUD Secretary Andrew Cuomo even
> admitted that the administration was mandating a policy of "affirmative
> action" lending (his words, not ours).
> And it was Clinton who initially spread the subprime rot to Wall
> Street. To help Fannie and Freddie reach their "affirmative action"
> lending quotas, HUD in 1995 let them get affordable-housing credit
> for buying subprime securities that included loans to low-income
> borrowers.
> Less than two years later, Freddie partnered with Wall Street investment
> banker Bear Stearns to issue the first securitizations of low-income
> CRA loans.
> There's even a press release still available on the Web that memorializes
> the historic deal, which dumped hundreds of millions of dollars in
> the risky loans on the market — a down payment on the hundreds of
> billions that were to follow.
> The Post left all of that out of its story, even though the deal
> marked the beginning of the boom in subprime securities.
> Of course, providing such background to readers would ruin the impression
> that Bush and Republicans were responsible for the crisis, an impression
> the Post and other liberal media elites hope will stick in the public's
> mind and become conventional wisdom. And conventional wisdom, once
> galvanized, is a powerful thing in Washington. Whole agendas and
> coalitions are built around it.
> The Post also provided just one side of the data in its story. The
> paper said that Bush "ratcheted up" the affordable-housing goal for
> Fannie and Freddie, from 50% to 56%. But it left out the fact that
> the previous president, the liberal Democrat, institutionalized the
> quota and ballooned it up to 50%. Which move do you think had a greater
> impact on the subprime market?
> A recent story in the Associated Press was equally tendentious. It
> blamed Bush for not cracking down on loose lending standards that
> had become the norm in the mortgage industry, while completely ignoring
> the systematic dismantling of those standards during the previous
> decade under Clinton.
> "The administration's blind eye to the impending crisis is emblematic
> of its governing philosophy, which trusted market forces and discounted
> the value of government intervention in the economy," wrote AP Washington
> correspondent Matt Apuzzo.
> Reality check: "Government intervention" is what planted the seed
> to this whole crisis. As we've noted, Clinton in 1995 revised CRA
> regulations to pressure banks into adopting "flexible" lending standards
> to increase minority homeownership. In a 1,389-word story, AP cited
> that easily verifiable fact not a single time.
> Make no mistake: It was Clinton who forced banks — most importantly,
> Fannie and Freddie — to go into the subprime market to serve the
> targeted populations that HUD and other Clinton banking regulators
> wanted them to serve.
> In effect, the media are blaming Bush for Clinton policies. Whoever
> controls the debate in Washington controls the truth. Right now,
> it's Democrats and their press courtiers. And so far, they've managed
> to shade the truth about the root causes of this epochal financial
> crisis.
>
> hotair.com:80/archives.../
>
>
>
>
>
>
>
> ----------------------...
>
>
>
>
> us1.institutionalriska...
>
>
>
>
> " I blame the mutation of the securitization industry into a toxic,
> damaging thing on Fannie and Freddie. These organizations lost their
> moral compass and began to do things in the marketplace that eventually
> caused them to get into such difficulties that the CEOs were removed
> and all sorts of new restrictions were placed on the GSEs. Wall Street
> said halleluiah and proceeded to dive headlong into subprime mortgages
> and all the rest. The banks loved it as did the Democrats on the
> Hill, who are always looking to make hay about affordable housing.
> "............
>
> ..........If Wall Street had simply stopped and packaged the subprime
> loans into a conventional pass through security, there would be no
> problem. It would be the world's most boring business. But no, instead
> they created pools of dissimilar collateral and derivatives and then,
> with the full complicity of the rating agencies, sold this stuff
> to adolescents in the investment community, the new rich of Asia
> and the Middle East. And they bought big chunks of this stuff as
> did their banks. But the really incredible thing is that not a few
> of the dealers in New York themselves did not understand this paper
> and a couple eventually went bust because this very paper became
> practically worthless or close to it. They have no idea what it means
> when the Street cannot reverse engineer a deal
>
> Roundtable with Roger Kubarych and Richard Whalen
>
>
> www.tavakolistructured...
>
> JANET TAVAKOLI ...watch the 6 minute video on the 'bail out',you'll
> be glad you did.
>
> The Reckoning - From Midwest to M.T.A., Pain From Global Gamble -
> Series - NYTimes.com
>
>
>
> The Reckoning - How Merrill Lynch Faltered and Fell - Series - NYTimes.com
>
>
>
> Firms underwriting the C.D.O.’s generated fees of 0.4 percent to
> 2.5 percent of the amount sold. So the fees generated on the $316
> billion worth of mortgage- and asset-backed C.D.O.’s issued in 2006
> alone, for example, would have been about $1.3 billion to $8 billion.
>
>
> www.nytimes.com/2008/1...;_r=2&ref=busi...
>
>
>
>
> The Reckoning - From Midwest to M.T.A., Pain From Global Gamble -
> Series - NYTimes.com
>
>
> "You hear about all these millions of dollars that have been lost,
> and you think, that’s got to come out of somewhere.”
> www.nytimes.com/2008/1...;_r=1&sq=janet...
>
>
> A Question for A.I.G. - Where Did the Cash Go? - NYTimes.com
>
>
> “When investors don’t have full and honest information, they tend
> to sell everything, both the good and bad assets,” said Janet Tavakoli,
> president of Tavakoli Structured Finance, a consulting firm in Chicago.
> “It’s really bad for the markets. Things don’t heal until you take
> care of that.”
>
>
> www.nytimes.com/2008/1...;ref=business&...
>
>
> Ms. Tavakoli said she thought that instead of pouring in more and
> more money, the Fed should bring A.I.G. together with all its derivatives
> counterparties and put a moratorium on the collateral calls. “We
> did that with ACA,” she said, referring to ACA Capital Holdings,
> a bond insurance company that was restructured {out of court} in
> 2007.
>
>
>
> Fair Game - They’re Shocked, Shocked, About the Mess - NYTimes.com
>
>
>
>
> something more may be at work. And that something centers on trust
> and credibility, which have been lacking in corporate and government
> leadership in recent years.
> www.nytimes.com/2008/1...;scp=4&sq=tava...
>
>
> Is it any surprise that virulent mistrust seems to own the markets
> now?
>
> Janet Tavakoli, a finance industry consultant who is president of
> Tavakoli Structured Finance, said the stock market’s gyrations are
> a result of a severe lack of confidence in the very officials who
> are charged with cleaning up the nation’s mess.
>
> What Ms. Tavakoli means by common sense is a plan that will force
> institutions to get a fix on what their holdings are actually worth.
>
>
> "It is not enough to throw money at a problem; you also have to use
> honesty and common sense," Ms. Tavakoli said. "In fact, if you leave
> out the last two, you are wasting taxpayers' money. If you are going
> to hand out capital, you have to first revalue the assets or take
> over so that you can force a mark-to-market. Force restructurings,
> mark down the assets to defensible levels and let the market clear.
>
>
>
>
> HENRY KAUFMAN on the credit crisis
> Says the Fed is responsible for the financial crisis
>
>
> video.aol.com/video-de...
>
>
>
> Untangling credit default swaps
>
>
>
> www.youtube.com:80/wat...]]> http://seekingalpha.com/article/105061-should-we-really-bail-out-the-big-three-automakers-with-73-20-per-hour-labor?source=feed#comment-302864 302864

On Nov 11 09:14 AM Tao wrote:

> Workers have to earn enough to pay their standard expenses and they
> should also earn enough so they can afford to do something they enjoy,
> like going to the movies or dining out or a once a year cruise. They
> also need to take care of their retirement.
>
> Common sense says you can't pay workers low wages and expect them
> to pay high health care insurance costs and high gas costs for their
> cars and homes, not to mention the high costs of housing and food
> and other numerous expenses.
>
> Our teachers are doing as good a job as they can, considering they
> are teaching to the NCLB testing.
>
> Capitalism works when we all buy from each other. When many of the
> groups have no money to spend that creates problems.
>
> Universal Health care would work. We already have Medicare, Medicaid,
> VA health care, Schip and other children's insurance. We even pay
> for the cadilac insurance of the elected government. Health workers
> and Physicians could still make excellent money, but there is no
> need of paying the insurance companies their 20% profit.
>
> The CEOs need to be cut back to 10 times what the average worker
> earns.
>
> The stock market takes their cut of the profits by dividends. A few
> years ago, our broker said he was putting all his retirement money
> in Ford because they paid high dividends. I hope he isn't retiring
> any time soon.
>
> In other countries the workers can take less pay because they have
> free health care and other benefits that we have to pay for.
>
> It may be that price roll backs in housing, gas, electricity, cut CEO pay, universal health care, etc. would make it possible to work for less.
> Our necessities should be heavily regulated, especially gas, electricity
> and health insurance and health care.]]> Tue, 11 Nov 2008 09:22:00 -0500

On Nov 11 09:14 AM Tao wrote:

> Workers have to earn enough to pay their standard expenses and they
> should also earn enough so they can afford to do something they enjoy,
> like going to the movies or dining out or a once a year cruise. They
> also need to take care of their retirement.
>
> Common sense says you can't pay workers low wages and expect them
> to pay high health care insurance costs and high gas costs for their
> cars and homes, not to mention the high costs of housing and food
> and other numerous expenses.
>
> Our teachers are doing as good a job as they can, considering they
> are teaching to the NCLB testing.
>
> Capitalism works when we all buy from each other. When many of the
> groups have no money to spend that creates problems.
>
> Universal Health care would work. We already have Medicare, Medicaid,
> VA health care, Schip and other children's insurance. We even pay
> for the cadilac insurance of the elected government. Health workers
> and Physicians could still make excellent money, but there is no
> need of paying the insurance companies their 20% profit.
>
> The CEOs need to be cut back to 10 times what the average worker
> earns.
>
> The stock market takes their cut of the profits by dividends. A few
> years ago, our broker said he was putting all his retirement money
> in Ford because they paid high dividends. I hope he isn't retiring
> any time soon.
>
> In other countries the workers can take less pay because they have
> free health care and other benefits that we have to pay for.
>
> It may be that price roll backs in housing, gas, electricity, cut CEO pay, universal health care, etc. would make it possible to work for less.
> Our necessities should be heavily regulated, especially gas, electricity
> and health insurance and health care.]]> http://seekingalpha.com/article/105061-should-we-really-bail-out-the-big-three-automakers-with-73-20-per-hour-labor?source=feed#comment-302861 302861
American workers would be happy to work for lower wages, if they paid for reduced costs of health insurance, health care, housing, gas and electricity, ect.

Keep in mind the buying power of the dollar has fallen to at least half of what it was when Bush took office. So $65,000 is really more like $32,000 in buying power.]]> Tue, 11 Nov 2008 09:19:18 -0500
American workers would be happy to work for lower wages, if they paid for reduced costs of health insurance, health care, housing, gas and electricity, ect.

Keep in mind the buying power of the dollar has fallen to at least half of what it was when Bush took office. So $65,000 is really more like $32,000 in buying power.]]> http://seekingalpha.com/article/105061-should-we-really-bail-out-the-big-three-automakers-with-73-20-per-hour-labor?source=feed#comment-302852 302852
Common sense says you can't pay workers low wages and expect them to pay high health care insurance costs and high gas costs for their cars and homes, not to mention the high costs of housing and food and other numerous expenses.

Our teachers are doing as good a job as they can, considering they are teaching to the NCLB testing.

Capitalism works when we all buy from each other. When many of the groups have no money to spend that creates problems.

Universal Health care would work. We already have Medicare, Medicaid, VA health care, Schip and other children's insurance. We even pay for the cadilac insurance of the elected government. Health workers and Physicians could still make excellent money, but there is no need of paying the insurance companies their 20% profit.

The CEOs need to be cut back to 10 times what the average worker earns.

The stock market takes their cut of the profits by dividends. A few years ago, our broker said he was putting all his retirement money in Ford because they paid high dividends. I hope he isn't retiring any time soon.

In other countries the workers can take less pay because they have free health care and other benefits that we have to pay for.

It may be that price roll backs, cut CEO pay, universal health care. Our necessities should be heavily regulated, especially gas, electricity and health insurance and health care.]]> Tue, 11 Nov 2008 09:14:09 -0500
Common sense says you can't pay workers low wages and expect them to pay high health care insurance costs and high gas costs for their cars and homes, not to mention the high costs of housing and food and other numerous expenses.

Our teachers are doing as good a job as they can, considering they are teaching to the NCLB testing.

Capitalism works when we all buy from each other. When many of the groups have no money to spend that creates problems.

Universal Health care would work. We already have Medicare, Medicaid, VA health care, Schip and other children's insurance. We even pay for the cadilac insurance of the elected government. Health workers and Physicians could still make excellent money, but there is no need of paying the insurance companies their 20% profit.

The CEOs need to be cut back to 10 times what the average worker earns.

The stock market takes their cut of the profits by dividends. A few years ago, our broker said he was putting all his retirement money in Ford because they paid high dividends. I hope he isn't retiring any time soon.

In other countries the workers can take less pay because they have free health care and other benefits that we have to pay for.

It may be that price roll backs, cut CEO pay, universal health care. Our necessities should be heavily regulated, especially gas, electricity and health insurance and health care.]]> http://seekingalpha.com/article/101675-does-keynesian-spending-force-savers-to-spend-as-well?source=feed#comment-289477 289477
If the government can bail out banks and brokerages and no telling what else, then a stimulus check to the rest of us should not even be questioned.]]> Fri, 24 Oct 2008 09:50:16 -0400
If the government can bail out banks and brokerages and no telling what else, then a stimulus check to the rest of us should not even be questioned.]]> http://seekingalpha.com/article/92131-mercks-gardasil-a-risky-and-unnecessary-vaccine?source=feed#comment-236470 236470
That saves me a lot of stress.
]]> Fri, 22 Aug 2008 10:48:28 -0400
That saves me a lot of stress.
]]> http://seekingalpha.com/article/92131-mercks-gardasil-a-risky-and-unnecessary-vaccine?source=feed#comment-236468 236468
It saves a lot of distress and worry.]]> Fri, 22 Aug 2008 10:47:12 -0400
It saves a lot of distress and worry.]]> http://seekingalpha.com/article/84673-the-dollar-s-decline-taking-responsibility-for-the-future?source=feed#comment-203606 203606
Phil Grahm, McCain's economic advisor, thinks we are all whiners. Don't you know everything is doing great?]]> Sat, 12 Jul 2008 09:39:52 -0400
Phil Grahm, McCain's economic advisor, thinks we are all whiners. Don't you know everything is doing great?]]> http://seekingalpha.com/article/83787-big-lots-wal-mart-and-costco-3-musketeers-of-the-pooring-of-america?source=feed#comment-201599 201599
Everything is going up that the retailer has to sell. Wal-Mart just doesn't try to make a fortune off of each person that walks through the door. They have every day lower prices.]]> Wed, 09 Jul 2008 13:45:29 -0400
Everything is going up that the retailer has to sell. Wal-Mart just doesn't try to make a fortune off of each person that walks through the door. They have every day lower prices.]]> http://seekingalpha.com/article/83959-the-after-hours-oil-scam?source=feed#comment-199692 199692 Mon, 07 Jul 2008 10:36:17 -0400 http://seekingalpha.com/article/83222-long-term-investors-remain-defensive?source=feed#comment-196601 196601 Tue, 01 Jul 2008 12:01:27 -0400 http://seekingalpha.com/article/82449-is-the-great-moderation-in-danger?source=feed#comment-192060 192060
There should be more control on 'necessities' such as oil. When prices get out of control, it can hurt society. It isn't just the price of oil, it is the price goes up for airline tickets because they use more expensive fuel. The price goes up for almost everything, in fact. Our forefathers knew this and regulated 'necessities, such as utilities. They were smarter than the 'greed is good' crowd.

Sure, solar will become more popular, but it should have been anyway along with windmills.]]> Tue, 24 Jun 2008 16:33:24 -0400
There should be more control on 'necessities' such as oil. When prices get out of control, it can hurt society. It isn't just the price of oil, it is the price goes up for airline tickets because they use more expensive fuel. The price goes up for almost everything, in fact. Our forefathers knew this and regulated 'necessities, such as utilities. They were smarter than the 'greed is good' crowd.

Sure, solar will become more popular, but it should have been anyway along with windmills.]]> http://seekingalpha.com/article/75512-cleantech-power-10-ranking-vol-i?source=feed#comment-178133 178133 ]]> Mon, 02 Jun 2008 15:53:19 -0400 ]]> http://seekingalpha.com/article/75512-cleantech-power-10-ranking-vol-i?source=feed#comment-178130 178130
Neighborhoods or several blocks of people could afford it wind or solar, where both solar and wind are to expensive for many to purchase for a single home.]]> Mon, 02 Jun 2008 15:45:07 -0400
Neighborhoods or several blocks of people could afford it wind or solar, where both solar and wind are to expensive for many to purchase for a single home.]]> http://seekingalpha.com/article/75369-payroll-numbers-beat-expectations-but-trend-may-be-temporary?source=feed#comment-160688 160688
Another company bought the company he worked for and hasn't hired any of those who worked for the purchased company

A private contractor can't draw unemployment benefits, so there is really not a record of them being laid off that I know of.]]> Fri, 02 May 2008 11:02:13 -0400
Another company bought the company he worked for and hasn't hired any of those who worked for the purchased company

A private contractor can't draw unemployment benefits, so there is really not a record of them being laid off that I know of.]]> http://seekingalpha.com/article/74059-silver-etf-starts-off-the-year-strong-can-it-continue-to-shine?source=feed#comment-156559 156559
I tried to hang onto my SLV. I had made money on it, then it started falling and wiped out my profits. I was still determined to hang on, then it started eating up the invested money.

I knew when I sold, it would come back, but I couldn't take the chance with retirement money.

That is another reason the rich get richer and the rest of us don't. If I had been rich, I would have let SLV ride until it went up. Losing money in the market can change my lifestyle, so I jump out when I start losing, usually too soon. Every once in awhile, I hang on, but finally sell and then it goes up 2 days later.

I am really sick of this market.]]> Fri, 25 Apr 2008 11:25:36 -0400
I tried to hang onto my SLV. I had made money on it, then it started falling and wiped out my profits. I was still determined to hang on, then it started eating up the invested money.

I knew when I sold, it would come back, but I couldn't take the chance with retirement money.

That is another reason the rich get richer and the rest of us don't. If I had been rich, I would have let SLV ride until it went up. Losing money in the market can change my lifestyle, so I jump out when I start losing, usually too soon. Every once in awhile, I hang on, but finally sell and then it goes up 2 days later.

I am really sick of this market.]]> http://seekingalpha.com/article/73224-no-stimulus-from-stimulus-checks?source=feed#comment-154489 154489
Some have already spent their rebate by charging what they want now and plan on paying for it with their rebate.

It is too bad that we don't have factory here that will profit from the rebates. Whose fault is that? ]]> Tue, 22 Apr 2008 01:51:54 -0400
Some have already spent their rebate by charging what they want now and plan on paying for it with their rebate.

It is too bad that we don't have factory here that will profit from the rebates. Whose fault is that? ]]> http://seekingalpha.com/article/72620-what-happened-to-crocs?source=feed#comment-152191 152191
My husband picked up a pair for everyone, but the shoes didn't fit their long narrow feet. The pair they picked up for me were perfect for me. I wore them all winter as house shoes around the house. Total comfort. I wash them in the washer or sometimes in the sink. Totally washable. I am a crox fan, now.

They say you can buy less wide croc type shoes at Walmart, but I don't know about the comfort.]]> Thu, 17 Apr 2008 10:34:53 -0400
My husband picked up a pair for everyone, but the shoes didn't fit their long narrow feet. The pair they picked up for me were perfect for me. I wore them all winter as house shoes around the house. Total comfort. I wash them in the washer or sometimes in the sink. Totally washable. I am a crox fan, now.

They say you can buy less wide croc type shoes at Walmart, but I don't know about the comfort.]]> http://seekingalpha.com/article/72114-lowering-prices-at-the-pump?source=feed#comment-151799 151799
Town driving, stopping for lights, uses the most gas.
]]> Wed, 16 Apr 2008 14:51:08 -0400
Town driving, stopping for lights, uses the most gas.
]]> http://seekingalpha.com/article/72377-wal-mart-another-20-40-upside-in-store?source=feed#comment-151742 151742
Walmart has alway done this, they go for years without going up, but when they do they go up a lot.
]]> Wed, 16 Apr 2008 13:29:12 -0400
Walmart has alway done this, they go for years without going up, but when they do they go up a lot.
]]> http://seekingalpha.com/article/71496-fda-tobacco-bill-prevents-ban-forces-them-to-endorse-it?source=feed#comment-148899 148899
This started out as a way to charge smokers more for insurance and ballooned to a money making machine for our government so the rich guys don't pay taxes.]]> Fri, 11 Apr 2008 09:32:46 -0400
This started out as a way to charge smokers more for insurance and ballooned to a money making machine for our government so the rich guys don't pay taxes.]]> http://seekingalpha.com/article/71496-fda-tobacco-bill-prevents-ban-forces-them-to-endorse-it?source=feed#comment-147076 147076
This is why we have all the problems here.

Businesses get the cheap labor overseas, but want us to pay the maximum price here. By the time we get a cheap product it is expensive.]]> Tue, 08 Apr 2008 13:33:29 -0400
This is why we have all the problems here.

Businesses get the cheap labor overseas, but want us to pay the maximum price here. By the time we get a cheap product it is expensive.]]> http://seekingalpha.com/article/71036-now-is-the-time-to-buy-long-term?source=feed#comment-135808 135808 Interesting, but I can't figure out what you mean. Would you explain it?]]> Thu, 03 Apr 2008 06:29:50 -0400 Interesting, but I can't figure out what you mean. Would you explain it?]]> http://seekingalpha.com/article/66754-not-all-is-green-in-alt-energy-etf-land?source=feed#comment-135211 135211
He who knows not and knows that he knows not can learn, teach him.

He who knows not and knows not that he knows not is a fool, shun him.

He who knows and knows he knows is wise, follow him.

The writer of the article asked if they were and didn't state that they were computer manufacturers.

I like his writing and hopes he writes more.]]> Wed, 02 Apr 2008 10:45:41 -0400
He who knows not and knows that he knows not can learn, teach him.

He who knows not and knows not that he knows not is a fool, shun him.

He who knows and knows he knows is wise, follow him.

The writer of the article asked if they were and didn't state that they were computer manufacturers.

I like his writing and hopes he writes more.]]> http://seekingalpha.com/article/70302-bear-stearns-bailout-by-the-fed-jpm-a-century-old-conspiracy?source=feed#comment-133958 133958
Bloomberg says that gdp is 60% domestic. Has that recently changed?

I read once that we pay the federal reserve retirees a lush retirement. If that is true, then they are part of the government?

Credit tightening is sure to make things worse, so that is being done for a reason.

Most of the media's purpose seems to be in making the Bush crowd look good and the Democrats look bad.

Could it be that many of our leaders, who think they are so smart, have been had by a ponzi scheme? The same ponzi scheme we have been sold?

Correct me if I am wrong, but the national debt is only 2% of the gdp. Social Security debt, owed by the government, is only a little over 1% of the gdp. Not extending the tax cuts could straighten out a lot of the financial mess.

Some are predicting the gdp will be 485 trillion in 40 years. Why doesn't the government tax the war profits to pay for the war?

This country is like Bear Stearns. Many workers didn't earn very much, while others made many millions.

A sign of greed is when a company pays it's workers enough to get by, but never enough to get ahead.

]]> Mon, 31 Mar 2008 07:45:33 -0400
Bloomberg says that gdp is 60% domestic. Has that recently changed?

I read once that we pay the federal reserve retirees a lush retirement. If that is true, then they are part of the government?

Credit tightening is sure to make things worse, so that is being done for a reason.

Most of the media's purpose seems to be in making the Bush crowd look good and the Democrats look bad.

Could it be that many of our leaders, who think they are so smart, have been had by a ponzi scheme? The same ponzi scheme we have been sold?

Correct me if I am wrong, but the national debt is only 2% of the gdp. Social Security debt, owed by the government, is only a little over 1% of the gdp. Not extending the tax cuts could straighten out a lot of the financial mess.

Some are predicting the gdp will be 485 trillion in 40 years. Why doesn't the government tax the war profits to pay for the war?

This country is like Bear Stearns. Many workers didn't earn very much, while others made many millions.

A sign of greed is when a company pays it's workers enough to get by, but never enough to get ahead.

]]>