fastcad

Wall Street Breakfast: Must-Know News

I call it Reaganomics run a muck. If you remove the stop lights on a major street to make it run faster it will until there is a major crash. I know it sounds a counterintuitive, but free markets are regulated and taxed. This has been proven by this market crash. Free enterprise markets are not wild.
Its hard for me a Democrat to hear the conservative Republicans winne about nationalizations when it is their 'borrow and spend' Reaganomics that brought our great country to its knees.

Wall Street Breakfast: Must-Know News

Where do the Republicans get off calling Obama's plan, when they are leaving a yearly budget deficit of 1 Trillion. They are truly the party of 'borrow and spend.'

Wall Street Breakfast: Must-Know News

Automaker bail-out or no bail-out, it makes no difference. OPEC loves $100 dollar a barrel for crude oil. As soon as this recession is over, it going back up. So what can we do? Glad you asked, America can out smart them by raising the gas tax till it reflects $100 per Barrel or about $4.00 a gallon. We are going to get $4.00 a gallon no mater what. We have been given a great opportunity with our cut in usage caused by the economic melt down. With $4.00 a gallon gas people will drive less and more fuel efficient cars which will save even more oil. With the tax money, mass transits and high speed trains can be built. Or we can let OPEC have the money. The choice is ours.

Wall Street Breakfast: Must-Know News

Does this mean the extinction of the endangered Hummer?
We will lose the beautiful morning cry of 'Filler-up'
GM loves those grandiose cars, OPEC loves them too.
What are we to do?

Wall Street Breakfast: Must-Know News

Lack of regulation, low capital gains tax are some of the factors that created this mess.

Capital Gains tax 15%, I work for a living and pay over 30%.

Lack of lending regulation caused the lenders to loan to anyone with a pulse just to get a fee. This caused the erosion of the value of underlying assets guaranteeing the value of bonds.

Creation of wealth only occurs with natural occurring demand that is in line with the buyers ability to pay.

This economic melt down proves real growth or creation of wealth does not come from eliminating regulations or cutting taxes, only greed.

Our national debt has grown, with tax cutting.
Home values have increased way more than there real value because of easy money policies and lack of regulation.

Lowering the taxes on business and eliminating regulations help to get us into this mess.

So old sailor how is cutting business taxes and removing regulations going to pay off the trillions needed for the economy's resuscitation?

Wall Street Breakfast: Must-Know News

I hate to hear all the dumb Republicans who think the ecomony is a free-range chicken. All you have to do is lower taxes to the Investors, remove regulations and stand back. This assumes that the market is two dimensional creature that expands and contracts naturally and should not be interfered with.
The market is a multi-dimensional, artificial creation of Human beings. Taxes and regulations are only a small piece of the whole. We absolutely foolish if we just stand back and let this income provider die because political dogma. Its our source for bread winning not a tool to punish inept CEO's. England let its auto manufacturing die, and now Germany and Japan have replaced them. It is dumb-American to give our auto Industry to China. We must not follow the same dogma that got us into this mess to bury us deeper.
Our economy must be manage by clear thought, with a eye on the future. If can use these hard times to extract necessary improvements to the current system so that when the markets return we will be in a stronger position or we can behave like children (Bush) and do nothing now and buy all our cars in the future from some where else.

Wall Street Breakfast: Must-Know News

That's it, blame the incompetence of the Texas Republicans on the illegal aliens. Its not greed, its illegal aliens. No wonder that the lame Texas President thought he saw WMD's intermixed with large oil fields in Iraq. Too bad he was to dumb to know how to win a war.
If you knew any thing about history, the slavers of the southern states and the religious fanatics of the northern states that started this country were all illegal aliens.

Wall Street Breakfast: Must-Know News

Now that all of Bush's friends have been paid back for their support, its time to go home and wait for the coast to clear to get his.

Wall Street Breakfast: Must-Know News

Bush at the G20 is still calling for less regulation. He just doesn't get it.

Wall Street Breakfast: Must-Know News

Reaganomics is dead.......It is not possible to borrow and spend you way to prosperity.

Wall Street Breakfast: Must-Know News

I have a question, is there something new in the market place that promotes the formation of 'bubbles" in sectors of the economy?
Recent examples, current housing deflation and the Dot.com bubble.
What is the underlying cause and can a check be built into our system to suppress there formation to prevent a future collapses of our whole economy system? Really all the same question.