RCA

10 More Notes for the Current Crisis

Socialism cannot compete! wrote:

> The REAL solution is to abolish income taxes...

Amen!

> This would lead to a MUCH SIMPLER tax system, with power back to
> the people...

Unfortunately our government has a very powerful vested interest in making sure that doesn't happen.

3 Things America Needs to Do to Get the Economy Back on Track

Peter, your post is thought-provoking at the least, as is evidenced by all of the impassioned comments. Keep posting and analyzing.

I do think you oversimplified the China solution. Do you think the Chinese would simply stand by while we taxed their currency conversion transactions?

China is in the catbird seat due to lame US economic policies and they know it. We are fundamentally at their mercy for the forseeable future.

Memo to Bernanke and Paulson: Confidence Is a Function of Capital, Not Liquidity

Briacal, I would liken it to triage. The bailout is more like the first preparatory steps before major surgery, which is then followed by long-term hospitalization, medication, perhaps more surgery, and months of rehabilitation before the patient will even be ambulatory. Will the patient ever run again? With the current surgeons and doctors in place, that is highly unlikely. Physician, heal thyself.

Cramer Also Believes Cramer Has a Branding Problem

When Cramer was in the business and not on the sidelines like he is today, he had street cred. Now he has turned himself into a clown and a buffoon in order to get high TV ratings. Who is going to take that persona seriously? Certainly not congress. Who is going to want it known that they got their moral imperative from Chuckles the Clown?