axelrod608

Wall Street Breakfast: Must-Know News

>> "People spending more than earning is to blame for losing their jobs and houses." >>

Sure, but they couldn't have done it without the government policy of easy cheap unlimited credit for all, even the uncreditworthy. You must be a young person with a limited understanding of history. When I bought my first house, if you didn't have 20% down, they didn't take the application.

As for your comment that it's not the fault of this administration, sure enough that';s true. But what';s also true is that both of the ruling parties and all their administrations is that there's no difference - BOTH have championed the stupid, shortsighted policies that have brought us to this sorry state of affairs.

Finally, if you really, honestly think that pouring a decade's worth of tax receipts down the drain in an attempt to "fix" this mess is a good policy, all I can ask is "Do you believe in magic ?" In all of history, it has never worked before.

A very wise man, Albert Einstein, once observed that the most powerful force on earth was the power of compound interest. The formal IOUSA policy is to go against this power by continually running the government as if this was not true. We have neverending deficits and an evergrowing national debt that we can NEVER hope to repay. NEVER.

And the power of compound interest is 100% working against us. The IOUSA is unsustainable. There are only two options - default on the national debt or devalue the currency enough to make the natuional debt serviceable..

We have two ruling parties that have ZERO control over spending and a policy of "cutting taxes". Both have conspired to bring us to unsustainability.

Next time you go to the voting booth, remember - IF you vote for a Republicrat, YOU are the problem.

Wall Street Breakfast: Must-Know News

I find it hard to believe that anyone took seriously the idea that the taxpayers could make any money on the bank welfare plan. From inception every facet of the plan was designed to benefit the financial corporations at taxpayer expense. Of course the government will allow them to buy back their warrants at a fraction of their market value. Duh.

C'mon, folks. We all know how to tell if people in the government are lying. Their lips move.

Wall Street Breakfast: Must-Know News

Thank you Edward Liddy. You volunteered for a hopelessly difficult job that paid $1 a year, took the unwarranted insults of ignorant Congresscritters, and by my estimation have brought AIG through the worst of a difficult restructuring. You followed the instructions of the Fed and Treasury even though they were hopelessly flawed. You performed with professionalism and distinction.

This nation needs more men like you and a whole lot less Alans, Hanks, Bens and Timmys.

Thank you for your service sir. You are a gentleman and a patriot.

Wall Street Breakfast: Must-Know News

When George W Bush was first nominated, I found and read a biography of him since I didn't know anything about him. As a result, I was not a fan. Nevertheless, I held my tongue and gave him the opportunuity to prove to me and my fellow Americans how he would govern. And only after he did what he did, did I criticize.

Clearly, many will not give this President a honeymoon for 100 days, nay, even 100 minutes. Most of the criticisms of Obama made by the Republican campaign have been proven to be lies. Those that are not downright lies are distortions and inaccurate interpretations.

W need some civility in our world. Without it we are no better than the radical terrorist lunatics that renounce absolutely everything and everybody who differs from their beliefs.

If you make more than $250,000 a year, you can afford to pay a small amount more in taxes. I make a fraction of that in retirement and could afford it. I'm sick, tired and fed up with whiners who look solely at their PERSONAL interest above the nation's interest. This nation has one of the lowest income taxes in the world - why do you think most of the world's wealthy people move here ?

In good times, it may make sense to lower taxes to spur economic growth. You should read what Arthur Laffer REALLY wrote rather than the Cliff's notes version spewed by the talking heads on TV. Laffer himself recently said it would not benefit the economy to lower taxes on the rich at this time in this economy.

People who want to starve the IRS given the massive discrepancy between revenue and spending that exists today want to kill the US government and the US economy. The situation is unsustainable. (Personally, if it would also kill the two ruling parties - the Republicrats - I'd be in favor as well).

United we stand, divided we fall. When you choose sides, choose wisely.

Wall Street Breakfast: Must-Know News

PIA hard to contain your enthusiasm I see.