axelrod608

Wall Street Breakfast: Must-Know News

>> "G-8 diverge on future stimulus needs. G-8 leaders said the global economic recovery is still too weak to..." >>

This is the politically correct way to phrase this concept, "the recovery is too weak". The accurate phrasing would be there is no recovery, but the rate of economic decline has slowed.

When one in four (perhaps one in three) Americans who used to work full time and want to work full time can't, "recovery" is an incorrect descriptor. The stats don't include the millions of workers whose work week has been shortened and paycheck reduced but their status remains unchanged.

Yes, some corporations are making money, but they've done it by slashing employment and other costs and balance sheet maneuvers. So while there may be a "recovery" in some stock prices, there is no recovery in the overall economy.

In a consumer driven economy, "Jobless recovery" is an oxymoron.

Wall Street Breakfast: Must-Know News

Sure would be nice to get some FINANCIAL comments rather than rabid partisan opinions. C'mon folks, this isn't talk radio.

I'm not a fan of this or the seven previous administrations and I've not thought well of anyone in Congress since Gaylord Nelson and Bill Proxmire retired.

There is only one way to fix the financial mess we're in - let the markets and the bankruptcy courts do it the CONSTITUTIONAL way.

Write your reps and senators and for God's sake if you live in Pelosi, Frank. Dodd's etc district, retire them and make them get a REAL job for the first time in their miserable life.

Obama is a lawyer. What did you expect ? I haven't voted for a lawyer in any election at any level for decades. I spent most of my working days with lawyers and know 2 with whom I'd trust my lunch money.

We need free, regulated markets and regulators that are capable of monitoring the perps and outlawing every trick they devise to swindle folks. Congress can't do it. They are illiterate - can't tell the difference between "overlook" and "oversee". So instead of oversight we get a total lack of any watchdog activity. How many Congressional investigations are now ongoing into the fraud that created this mess ? ZERO. Draw your own conclusions.

The first article is entitles "TARP watchdog". If anyone in government is involved the only possible explanation is that it involves people watching dogs.

We need another tea party for BOTH of the ruling parties that got us here. The Republicrats are one party with two divisions. And one goal. And if you don;t believe that, YOU are the problem.

Wall Street Breakfast: Must-Know News

>> "Congress okays 2010 budget" >>

A budget is a prediction of income and expenese that spoze to balance. A budget this is not. A "spending plan", yes. Budget, no.

In one year, the "plan" is to have an unfunded deficit of 1/6 of national GDP. Total federal spnding 1/3 of national GDP. We are on the far side of reality..

Wall Street Breakfast: Must-Know News

>> "Bush, Obama ask for TARP's part II." >> If there was any doubt that the "change" in DC will be nothing more than names on the doors and desks, here's the evidence.

While the vast majority of Americans are angry, no, FURIOUS about the many bailout programs, they will be ignored The government of by, and for big business and special interests will continue intact. The government of, by and for the people that the voters thought they were getting back was just an illusion.

Corporate welfare is job one in DC, just as it has been for decades. "Too big to fail" is their mantra.

It makes one wonder. If the voters can't spot the lies in a 3 year campaign, I guess they deserve the deception.

The proles will get another $5 or $10 in their paychecks and the bloated, ineptly managed megabusinesses will get $Billions each, totalling $Trillions.

Yes, letting the dinosaurs fail would be painful. Better them in bankruptcy than the entire nation.

Wall Street Breakfast: Must-Know News

J........59 Look how you dealt with the situation - you cut back, made do with less and responsibly dealt with the situation. At one point in my life I would have been homeless except for monthly checks from my father who was then in his 80's. It has been a long road back.

Look how the government is dealing with the problem - throwing massive amounts of money in every direction. What do we know about the results of that ? World Bank economists studied every national financial crisis over a 30 year period. Their conclusion was that the length and depth of the ensuing recession was directly correlated with the mount of money the government threw at the problem to try to fix it. 100% of the time. No exceptions.

20 years ago, the most expensive stock and real estate in the world was in Japan. They intervened in their financial crisis and bailed out all the banks. Today, 19 years later, you can still buy stocks and real estate at half - or less - than 20 years ago.

Anyone who thinks the markets and real estate wll turn around in a few months and everything will be rosy again is just not paying attention to the lessons history teaches those who pay attention.

And NOBODY in DC is paying attention.

Wall Street Breakfast: Must-Know News

Upside down nation. Underwater. And it looks like the corporate-run government is doing everything it can to preserve the jobs of the casino gamblers masquerading as financiers and not lifting a finger to keep the solvent citizens afloat. No good deed goes unpunished.

The nation will not recover without significant change. We need savings. Time to declare an end to taxes on interest and dividends. Time to tax debt. Really. The only way out of this mess is to require sound economic principles.

And then there's our "government". Trying to spend our way out of this mess is as futuile as trying to drill our way out of the "energy crisis".

Finally, having watched this begin, noting all the dumb deregulation by both major parties that caused it all, how can any thinking American go to the polls and vote for a Republicrat ? The only truly insoluble problem in this country is the two parties in charge.

No leadership. no morals, no ethics, no principles, and bad judgement. Just keep those campaign contributions coming from corporate America. If we do not fundamentally change our election process we will not survive. Campaigns MUST be 100% government funded with NO outside ads.

We either get the lobbyists out of DC or we turn over the government to them. If we haven't already.....