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Johann Galt

Johann Galt
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  • Supreme Court Rules Against Banks: A Win for Consumer Protection [View article]
    Mr. Angry Banker- don't do business in states with overly burdensome regulation. It's that simple.

    Your desire for uniformity does not trump each state's soveriegn right to pass its own laws. That's why this is a Republic Otherwise, why have states?
    Jun 30 10:04 AM | 20 Likes Like |Link to Comment
  • Is America's Middle Class Going the Way of China? [View article]
    As a Brit- you should know better, shouldn't you? Neither the USA, nor Britain operate on the "Anglo-Saxon" model. The USA was founded on principles that emanated from the Saxon concepts of individualism. Each person had fundamental rights, inviolate, that were socially lent to those that governed. Power to be exercised at the lowest levels, in Saxon times, the tithing; later in the USA the township/parish.

    Our founders created a system of government to maximize the benefits of such a system, with a federal government meant chiefly to keep other countries from interfering with our local policies.

    We are a loooong way from this system. Now, we as a nation almost uniformly look to the federal Nanny to solve our local problems, i.e., my retirement, my healthcare, my flooding after a tornado/hurricane, even my drinking age. All undeniably local/personal, and for which the responsibility has been transferred to the general populace in the form of the federal government. This is hardly republicanism, and nowhere in keeping with the principles by which this courtry was founded.

    We are losing our middle class- but your implied reasons are offbase. We lose our middle class because only with a strong centralized government can special interests enrich themselves at the expense and to the detriment of the general populace.

    The answer is not taking from the rich, or creating more federal middlemen to "protect" the lower classes from the upper classes. We have seen how well this works, in fact, such propositions differ little from how the party apparatus ensures elitist primacy China's warlord version of communism. We must return to the Anglo-Saxon principles embodied by the Constitution, extensively described by the Founders (for those who bother to look), and divest our federal overlord of most of its domestic power. Failing that, we will continue to further divide ourselves into 1. those who work 2. those who idle, yet are paid by those who work ; and 3. those who profit handsomely from both.
    Apr 15 10:53 AM | 19 Likes Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    yeah those "tea party" folks and their "we need to spend less" are just crazy gun totin' bible beaters. The president's plan, apparently to spend our way out of debt is clearly the more rational.
    Dec 20 09:10 PM | 15 Likes Like |Link to Comment
  • In a defeat for organized labor, Volkswagen workers reject union [View news story]
    "Right to Scab". Yeah, people should be forced to join a union or be unable to find employment. Because if they don't want to join fundamentally left organizations they are "scabs". Sounds really American-great philosophy there, Lenin.
    Feb 15 11:23 AM | 14 Likes Like |Link to Comment
  • When Will Housing Come Back? [View article]
    The unscrupulous were allowed to write these mortgages, and they achieved their AAA rating specifically because they were backstopped by Fannie Mae. And Fannie Mae backstopped them precisely because Congress (led by Barney "there is no problem with Fannie Mae" Frank) required them to.

    If not the sole cause, this idiotic govenrmental tampering was certainly a major contributing factor to the whole mess.
    Mar 26 11:59 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Rescue" is when you throw someone a life ring. Not an anchor.
    Dec 19 09:07 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    fx-

    Garbage. Let's see where you head for healthcare if/when you get a serious illness. Good luck with that.

    But, hey, at least you are correct: we need the government to get involved in every daily problem. Because it has been soooo effective at improving education, healthcare( gov't has been meddling since at least the 1950s), energy . . . .
    Apr 2 09:55 AM | 10 Likes Like |Link to Comment
  • Why Steve Jobs' Big Blunder Is Starting To Cost Apple [View article]
    methinks the rumours of Apple's death are greatly exaggerated . . .
    Feb 13 09:03 PM | 10 Likes Like |Link to Comment
  • In the wake of the recent school tragedy in Connecticut, California Treasurer Bill Lockyer is proposing that CalPERS and CalSTRS, the state's two public pension funds, divest themselves of gun makers. "I want BlackRock (BLK), I want Credit Suisse (CS), I want everyone else to know that we're going to use our economic leverage if it's up to me, and I hope other private investors will do the same thing," Lockyer says. "They (the gun-makers) ought to feel the economic consequences of their bad behavior." [View news story]
    Are they divesting themselves of automakers, or drug companies? How about anything related to the practice of medicine?
    Dec 19 09:06 PM | 9 Likes Like |Link to Comment
  • Healthcare Reform and the Bottom Line [View article]
    This "is the Canadian system better than the former American system" debate is really very simple isn't it? Canadians leave their country to seek life-saving healthcare. Who cares whether socialized medicine is great for a sore throat- it's cancer or similar where socialized medicine falls FAR short, every time. Name the great medical research hospital in Canada. It's no accident.
    Mar 23 10:07 AM | 9 Likes Like |Link to Comment
  • Obama Draws a Blank on How Banks Really Work [View article]
    You are incorrect about Bush pushing the home loan fiasco. His administration tried to present evidence to Congress twice that Fannie Mae was in dangerous territory. Once on 9/10/2001 (overcome by events), and again in 2004. Both times Barney and friends blustered, objected and ignored these warnings (including Republicans). This is when Barney issued his proclamation about Fannie Mae being in no trouble at all. I'm no Bush cheerleader, but to be fair- his administration tried to raise a warning flag.
    Dec 17 11:50 AM | 9 Likes Like |Link to Comment
  • Bloomberg: Icahn has $1B+ Apple stake, sees shares topping $600 [View news story]
    Not to defend Icahn, but 1 Billion dollars seems like a pretty significant vote of confidence to me.
    Aug 13 04:10 PM | 8 Likes Like |Link to Comment
  • Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
    Yeah, at $52k a pop, it's gonna make a real difference.
    Mar 2 01:47 PM | 8 Likes Like |Link to Comment
  • The Great China Jugger-Not [View article]
    Bingo bigazul. China's economic lifeline is the maritime commerce that supplies it with the raw materials, and ships the finished product to China's overseas market. Just as GBR, and successively, the U.S., China is aggressively pursuing Alfred Thayer Mahan-type policies, that is, control of the seas.

    15 years ago the Chinese could hardly navigate a submarine out of a harbor. They had NO blue sea naval force to speak of. NOW, in only 15 years, they are building aircraft carriers; have a bigger submarine force than the U.S., and have exponentially expanded the size of their navy. They've sent a fleet around the world. These all point to China realizing they must control the seas to control their destiny. China's aggression portends future conflict, unless, of course, we just accept our fate.

    Unfortunately, our fate may be a foregone conclusion. China likely won't keep funding our military, once parity, or near military parity is reached.
    Mar 10 09:42 AM | 8 Likes Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Dana:

    There is no prohibition of any sort to labor "organizing". But nobody in this country should be forced to "organize", simply because they choose to work for a certain company.
    Dec 11 03:53 PM | 7 Likes Like |Link to Comment
COMMENTS STATS
235 Comments
546 Likes