fastcad

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.