Mostly good, especially towards the end of the article when you FINALLY get to the point and deal with what "Seeking Alpha" is supposed to deal with: finance. Just leave out all of your ignorant comments about other subjects of which you really don't know very much and reflect the embodiment of so many lies told to you in your lifetime. However, it really does help to point out that people do believe what they are told over and over again even if they haven't really checked it out.
Cash for Clunkers May Cost Up to $45,354 Per Vehicle [View article]
It is impossible to sustain this kind of "free" money. It CANNOT be sustained. When will we ever learn that spending money that we cannot repay, whether it be the government or banks or individuals, cannot be sustained and in the near future things will be far worse than they are now because we'll have interest (i.e., the time value of money) to pay and as things appear now, far more places for the money the government collect to go! Not only will inflation or deflation kill the value of taxes collected that are supposed to pay for these outrages, but taxes will have climb out of control in the near future to even begin to cover the costs and even so it will not be enough. This country and world is completely out of control! Bush and his administration started the "recovery" spending - right!? The Democrats rightfully hated and mocked him for it. Now Obama and his administration are continuing BUSH's dumb plan AND what's more they're escalating it. And now the Republicans are deriding him for it, rightly so! But, nobody wants to really take the bitter medicne right now to let it run it's course and let the market recover on it's own in a sustainable fashion. Regardless of whether we're in love with Bush or Obama can't we see that this "recovery" spending is going to result in a huge crash that puts the most recent recession to shame and will probably make the Great Depression look like a minor inconvenience?! Today big business and big government seem to focus on this current quarter's profits with no concern for the future because the they'll already have gotten their peice of the pie while thinking, "Party now! Play today! We may die soon anyway!" and "Let the kid's pay the bill!" Complete an utter foolishness that even Aesop taught could not work in the sad sad end to come.
Inflation vs. Deflation: Pick Your Poison [View article]
In the 1960's my father bought a larg-ish three bedroom house in California for $30,000, his salary was roughly $32,000. I can't buy THAT SAME three bedroom house today for anywhere near my salary and I am in a job that is very similar to the job he held then, except that he was a civil servant, (i.e., paid at a lower rate than the private sector), and I'm in the private sector. It would take at least twice my annual salary today to buy the same house. And, with taxes much higher thn they were then it would actually take much more than double my wages to pay for the house - and it's 40 years older to boot! I don't think the representation of house prices in the chart is accurate of their "real" values.
The Leading Cause of Personal Bankruptcy [View article]
Very Good. A couple comments: 1. Australia can support their system becasue they make it nearly impossible to move there from out of country!! This country is so open we let everyone come on in and take what they haven't paid for over a lifetime... 2. So, if I'm one serious illness away from bankruptcy I might as well spend and spend and buy everything I want and not save any money or prepare for the future becasue "they'll" just take it in the end anyway! In other words, live life in the modern American way...
Obama Spending vs. Netanyahu Cuts: Who's Right? [View article]
As far as Obama's "tax and spend" course, (how's that for inflationary rhetoric? Kind of sounds like Netanyahu comparing Iran to Nazi germany doesn't it?), he hopes that inflation will once again bring housing prices "in-line" (way overpriced) and things will be "back on track" (ridiculously over-hyped) and the huge taxes we will be paying won't seem like so much because we'll all be earning million dollar salaries. We're just borrowing our children's prosperity again, same as generations did it before us. I for one don't really think it can go on forever like this. Someday someone will tell us they can save us from having to pay $1,000 for a loaf of bread and we'll follow him too because "He's so charismatic and he's such a good speaker, blah, blah, blah". Now I'm going to use inflamatory words here too but please understand they aren't meant to evoke emotion, but rather rational understanding, but doesn't what's happening here sound a lot like what happened in Germany just at the time Htiler came on the scene?
New Home Prices vs. Median Income Chart [View article]
If we don't want to repeat the crash we have experienced of late then the old traditional loan payment amount should not exceed 25% of income. That alone would be great insurance against the "normal" trends in house price verses income and year-to-year sales figures that continually go up, up, and up making it impossible to afford a house unless inflation takes it ever higher and we can sell it at inflated values or refinance it until we are within a reasonable pay range for our incomes. This year's sales shouldn't have to constantly exceed last year's sales to show a strong economy. It would be so much better if people could buy a house and live there while at the same time easily making their house payment and still be able to go out and buy other things without being house poor. The correction is painful right now but getting back to living within our means without depending on artificial inflationary pressures on housing due to easy credit is the best long term cure for the econmony.
Critical Memo to Obama: Do Something [View article]
When will America wake up to the fact that politicians are elected by promising "a chicken in every pot"? Not one of Obama's big programs will happen in this economy and things will pretty much stay the same. There will be no change.
Ramifications of Fannie, Freddie On The U.S. Budget [Housing Tracker] [View article]
I hate to see the USA in this mess, but in my personal budget, if suddenly I have expenses I can't handle, I start looking for things to cut and ways to earn more money. It might be a good time to seriously curtail our international spending in places like Iraq and the UN, etc, etc. Take care of our personal needs first. You can't help others if you've been personally shot in the head.
Obama, McCain and Offshore Drilling [View article]
Steve Ballmer: Agree 100%. The only caveat is that so will McCain. So would Hillary. So would Romney. So would Huckaby. So will most any politician except perhaps Paul. The difference between McCain and Obama is, as stated in the article, how much government intervention, (i.e. heavy socialism), that Obama wants to use. "Euro-economics" is a bad direction for any country to go in and that's the "change" Obama speaks of. Redistribution of wealth is socialism. We've allowed our government to increasingly go in that direction. So, the "change" O tries to fob off on us is really more of the same, just increased in intensity.
The Obama Plan: We Can't Entitle Our Way Out of Paying Taxes [View article]
Agree 100% with DougM, The Saved Sailor, Whidbey and Manning. Think Kelly Lieberman is to think that corporations pay ANY taxes. They're just turned through to the purchasing public - an indirect tax on the buyer.
Obama's Economic Policy and Reagonomics [View article]
If you want change go with Obama. What that change is, who knows...As C. S. Lewis said, " Progress means not just changing, but changing for the better." I prefer not to change except to revert backwards to remove much of the over-taxation and over-spending and over-meddling our government does and has done. If you want to leep spending more than we have, fighting wars in countries we shouldn't be in at all, or trying very hard not to say anything or do anything that might upset your voters, then go with McCain. If liberalism means to keep going in the direction we're going, (i.e. changing and charging the people more and more to do it), then I'm a conservative. If conservatism means staying the course we're currently on, then I'm liberal. Why didn't we vote for Romney or Paul instead of these two wishy-washy say and do nothing candidates?
The Unsustainable Lie of Inflation [View article]
Cash for Clunkers May Cost Up to $45,354 Per Vehicle [View article]
Regardless of whether we're in love with Bush or Obama can't we see that this "recovery" spending is going to result in a huge crash that puts the most recent recession to shame and will probably make the Great Depression look like a minor inconvenience?!
Today big business and big government seem to focus on this current quarter's profits with no concern for the future because the they'll already have gotten their peice of the pie while thinking, "Party now! Play today! We may die soon anyway!" and "Let the kid's pay the bill!" Complete an utter foolishness that even Aesop taught could not work in the sad sad end to come.
Inflation vs. Deflation: Pick Your Poison [View article]
The Leading Cause of Personal Bankruptcy [View article]
1. Australia can support their system becasue they make it nearly impossible to move there from out of country!! This country is so open we let everyone come on in and take what they haven't paid for over a lifetime...
2. So, if I'm one serious illness away from bankruptcy I might as well spend and spend and buy everything I want and not save any money or prepare for the future becasue "they'll" just take it in the end anyway! In other words, live life in the modern American way...
Obama Spending vs. Netanyahu Cuts: Who's Right? [View article]
Now I'm going to use inflamatory words here too but please understand they aren't meant to evoke emotion, but rather rational understanding, but doesn't what's happening here sound a lot like what happened in Germany just at the time Htiler came on the scene?
New Home Prices vs. Median Income Chart [View article]
This year's sales shouldn't have to constantly exceed last year's sales to show a strong economy. It would be so much better if people could buy a house and live there while at the same time easily making their house payment and still be able to go out and buy other things without being house poor.
The correction is painful right now but getting back to living within our means without depending on artificial inflationary pressures on housing due to easy credit is the best long term cure for the econmony.
Critical Memo to Obama: Do Something [View article]
This Recession's Not That Bad - And We're More Than Halfway Through [View article]
Ramifications of Fannie, Freddie On The U.S. Budget [Housing Tracker] [View article]
Can Gold Be Suppressed Indefinitely? [View article]
So true.
Can the US Government Afford Future Bailouts? [View article]
Obama, McCain and Offshore Drilling [View article]
Crisis In Progress: Loan Spreads Widening Further [Housing Tracker] [View article]
The Obama Plan: We Can't Entitle Our Way Out of Paying Taxes [View article]
Think Kelly Lieberman is to think that corporations pay ANY taxes. They're just turned through to the purchasing public - an indirect tax on the buyer.
Obama's Economic Policy and Reagonomics [View article]
If you want to leep spending more than we have, fighting wars in countries we shouldn't be in at all, or trying very hard not to say anything or do anything that might upset your voters, then go with McCain.
If liberalism means to keep going in the direction we're going, (i.e. changing and charging the people more and more to do it), then I'm a conservative. If conservatism means staying the course we're currently on, then I'm liberal.
Why didn't we vote for Romney or Paul instead of these two wishy-washy say and do nothing candidates?