GMC's Comments GMC's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/179505/comments The Unsustainable Lie of Inflation http://seekingalpha.com/article/172262-the-unsustainable-lie-of-inflation?source=feed#comment-753709 753709 Tue, 10 Nov 2009 09:42:45 -0500 Cash for Clunkers May Cost Up to $45,354 Per Vehicle http://seekingalpha.com/article/152909-cash-for-clunkers-may-cost-up-to-45-354-per-vehicle?source=feed#comment-610636 610636 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.]]>
Sat, 01 Aug 2009 09:27:48 -0400 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 http://seekingalpha.com/article/150821-inflation-vs-deflation-pick-your-poison?source=feed#comment-600789 600789 Fri, 24 Jul 2009 09:53:47 -0400 The Leading Cause of Personal Bankruptcy http://seekingalpha.com/article/141558-the-leading-cause-of-personal-bankruptcy?source=feed#comment-533254 533254 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...]]>
Fri, 05 Jun 2009 09:07:44 -0400 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? http://seekingalpha.com/article/123210-obama-spending-vs-netanyahu-cuts-who-s-right?source=feed#comment-406925 406925 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?]]> Sat, 28 Feb 2009 10:11:00 -0500 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 http://seekingalpha.com/article/115464-new-home-prices-vs-median-income-chart?source=feed#comment-360783 360783 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.]]>
Tue, 20 Jan 2009 09:57:41 -0500 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 http://seekingalpha.com/article/110904-critical-memo-to-obama-do-something?source=feed#comment-330744 330744 Tue, 16 Dec 2008 08:15:24 -0500 This Recession's Not That Bad - And We're More Than Halfway Through http://seekingalpha.com/article/110932-this-recession-s-not-that-bad-and-we-re-more-than-halfway-through?source=feed#comment-330742 330742 Tue, 16 Dec 2008 08:10:53 -0500 Ramifications of Fannie, Freddie On The U.S. Budget [Housing Tracker] http://seekingalpha.com/article/94983-ramifications-of-fannie-freddie-on-the-u-s-budget-housing-tracker?source=feed#comment-251520 251520 Thu, 11 Sep 2008 10:13:45 -0400 Can Gold Be Suppressed Indefinitely? http://seekingalpha.com/article/94994-can-gold-be-suppressed-indefinitely?source=feed#comment-251497 251497
So true.]]>
Thu, 11 Sep 2008 10:01:58 -0400
So true.]]>
Can the US Government Afford Future Bailouts? http://seekingalpha.com/article/94741-can-the-us-government-afford-future-bailouts?source=feed#comment-250471 250471 Wed, 10 Sep 2008 11:24:32 -0400 Obama, McCain and Offshore Drilling http://seekingalpha.com/article/94788-obama-mccain-and-offshore-drilling?source=feed#comment-250248 250248 Wed, 10 Sep 2008 09:12:37 -0400 Crisis In Progress: Loan Spreads Widening Further [Housing Tracker] http://seekingalpha.com/article/93128-crisis-in-progress-loan-spreads-widening-further-housing-tracker?source=feed#comment-241461 241461 Fri, 29 Aug 2008 08:30:30 -0400 The Obama Plan: We Can't Entitle Our Way Out of Paying Taxes http://seekingalpha.com/article/92379-the-obama-plan-we-can-t-entitle-our-way-out-of-paying-taxes?source=feed#comment-238485 238485 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.
]]>
Mon, 25 Aug 2008 11:21:56 -0400 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 http://seekingalpha.com/article/91927-obama-s-economic-policy-and-reagonomics?source=feed#comment-235594 235594 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?]]>
Thu, 21 Aug 2008 10:26:21 -0400 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?]]>
Obama vs. McCain on Fiscal Responsibility http://seekingalpha.com/article/91579-obama-vs-mccain-on-fiscal-responsibility?source=feed#comment-233831 233831
Security (FICA) Program. He promised:

1.) That participation in the Program would be

completely voluntary.

2.) That the participants would only have to pay

1% of the first $1,400 of their annual

incomes into the Program,

3.) That the money the participants elected to put

into the Program would be deductible from

their income for tax purposes each year,

4.) That the money the participants put into the

Independent 'Trust Fund' rather than into the

General Operating Fund, and therefore, would

only be used to fund the Social Security

Retirement Program, and no other

government program, and,

5.) That the annuity payments to the retirees

would never be taxed as income.

Since many of us have paid into FICA for years and are

now receiving a Social Security check every month --

and then finding that we are getting taxed on 85% of

the money we paid to the federal government to 'put

away', you may be interested in the following:

----------------------...

Q: Which political party took Social Security from the

Independent 'Trust Fund' and put it in to the

General Fund so that Congress could spend it?

A: It was Lyndon Johnson and the Democratically-

controlled House and Senate.

----------------------...

Q: Which political party eliminated the income tax

deduction for Social Security (FICA) withholding?

A: The Democratic Party.

----------------------...

Q: Which political party started taxing Social

Security annuities?

A: The Democratic Party, with Al Gore casting the

'tie-breaking' deciding vote as President of the

Senate, while he was Vice President of the U.S.

----------------------...

Q: Which political party decided to start giving

annuity payments to immigrants?

AND MY FAVORITE:

A: That's right!

Jimmy Carter and the Democratic Party.

Immigrants moved into this country, and at age 65,

they began to receive Social Security payments! The

Democratic Party gave these payments to them

even though they never paid a dime into it!

'A government big enough to give you everything you want,

is strong enough to take everything you have.'

-Thomas Jeff erson
]]>
Tue, 19 Aug 2008 08:57:59 -0400
Security (FICA) Program. He promised:

1.) That participation in the Program would be

completely voluntary.

2.) That the participants would only have to pay

1% of the first $1,400 of their annual

incomes into the Program,

3.) That the money the participants elected to put

into the Program would be deductible from

their income for tax purposes each year,

4.) That the money the participants put into the

Independent 'Trust Fund' rather than into the

General Operating Fund, and therefore, would

only be used to fund the Social Security

Retirement Program, and no other

government program, and,

5.) That the annuity payments to the retirees

would never be taxed as income.

Since many of us have paid into FICA for years and are

now receiving a Social Security check every month --

and then finding that we are getting taxed on 85% of

the money we paid to the federal government to 'put

away', you may be interested in the following:

----------------------...

Q: Which political party took Social Security from the

Independent 'Trust Fund' and put it in to the

General Fund so that Congress could spend it?

A: It was Lyndon Johnson and the Democratically-

controlled House and Senate.

----------------------...

Q: Which political party eliminated the income tax

deduction for Social Security (FICA) withholding?

A: The Democratic Party.

----------------------...

Q: Which political party started taxing Social

Security annuities?

A: The Democratic Party, with Al Gore casting the

'tie-breaking' deciding vote as President of the

Senate, while he was Vice President of the U.S.

----------------------...

Q: Which political party decided to start giving

annuity payments to immigrants?

AND MY FAVORITE:

A: That's right!

Jimmy Carter and the Democratic Party.

Immigrants moved into this country, and at age 65,

they began to receive Social Security payments! The

Democratic Party gave these payments to them

even though they never paid a dime into it!

'A government big enough to give you everything you want,

is strong enough to take everything you have.'

-Thomas Jeff erson
]]>
Four Reasons We Can't Call It a Recession - Yet http://seekingalpha.com/article/91202-four-reasons-we-can-t-call-it-a-recession-yet?source=feed#comment-231841 231841 "Its hard to feel good about things as they stand right now but on the other hand I've experienced much worse. So, I guess I not depressed, just down a bit. I'll be better soon. Just give me some time..."]]> Sat, 16 Aug 2008 10:51:31 -0400 "Its hard to feel good about things as they stand right now but on the other hand I've experienced much worse. So, I guess I not depressed, just down a bit. I'll be better soon. Just give me some time..."]]> A Million Bucks Ain't What It Used to Be http://seekingalpha.com/article/90721-a-million-bucks-ain-t-what-it-used-to-be?source=feed#comment-229589 229589 Wed, 13 Aug 2008 14:01:44 -0400 Please, Mr. Greenspan, Shut Up http://seekingalpha.com/article/90007-please-mr-greenspan-shut-up?source=feed#comment-226673 226673 Sat, 09 Aug 2008 08:31:59 -0400 Were the Tax Rebates a Bust? http://seekingalpha.com/article/89544-were-the-tax-rebates-a-bust?source=feed#comment-225101 225101 Thu, 07 Aug 2008 11:18:05 -0400 Is This a Recession? Wrong Question. http://seekingalpha.com/article/88836-is-this-a-recession-wrong-question?source=feed#comment-222041 222041 Mon, 04 Aug 2008 08:05:06 -0400 Schwarzenegger Orders State Workers Cut to Minimum Wage http://seekingalpha.com/article/88482-schwarzenegger-orders-state-workers-cut-to-minimum-wage?source=feed#comment-220050 220050 Fri, 01 Aug 2008 09:27:32 -0400 Why the 2008 Housing Relief Bill is No Relief http://seekingalpha.com/article/87565-why-the-2008-housing-relief-bill-is-no-relief?source=feed#comment-217699 217699 Tue, 29 Jul 2008 15:50:23 -0400 Time to Buy and Hold Gold http://seekingalpha.com/article/87270-time-to-buy-and-hold-gold?source=feed#comment-216561 216561 Mon, 28 Jul 2008 12:02:52 -0400 Oil Shocks, and What They Hold for the US Economy http://seekingalpha.com/article/85940-oil-shocks-and-what-they-hold-for-the-us-economy?source=feed#comment-210554 210554 Mon, 21 Jul 2008 10:15:38 -0400 The Retail Slump and Malls [Housing Tracker] http://seekingalpha.com/article/85577-the-retail-slump-and-malls-housing-tracker?source=feed#comment-208850 208850 Fri, 18 Jul 2008 13:25:07 -0400 No Atheists in Foxholes - No Libertarians in Financial Crises http://seekingalpha.com/article/85634-no-atheists-in-foxholes-no-libertarians-in-financial-crises?source=feed#comment-208846 208846 Fri, 18 Jul 2008 13:22:35 -0400 The Case for Cutting Fannie and Freddie Loose http://seekingalpha.com/article/84954-the-case-for-cutting-fannie-and-freddie-loose?source=feed#comment-206199 206199 Tue, 15 Jul 2008 13:54:34 -0400 Who's to Blame for the Current Economic Situation? http://seekingalpha.com/article/84585-who-s-to-blame-for-the-current-economic-situation?source=feed#comment-203212 203212 Fri, 11 Jul 2008 14:46:39 -0400 Homeowner Association Problems Acute In Florida [Housing Tracker] http://seekingalpha.com/article/84398-homeowner-association-problems-acute-in-florida-housing-tracker?source=feed#comment-202441 202441 i for one will not buy a home where I am forced to be a member of a homeowner's association. That's my right and my informed decision. If others want to be a member that's their right as well. It's really quite simple.]]> Thu, 10 Jul 2008 14:43:20 -0400 i for one will not buy a home where I am forced to be a member of a homeowner's association. That's my right and my informed decision. If others want to be a member that's their right as well. It's really quite simple.]]>