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cstauffer

cstauffer
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  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    david, please stop using the word elite in a derrogatory manor. I know what you are trying to say, but when someone diminishes that societal contribution of our best and brightest, it makes that person sound ignorant. The "elite" that you are stereotyping in a negative manner are the very same elite that you should be very thankful for. Everytime that someone's life is saved through cutting edge medical treatments or when Roosevelt wanted to put an end to WWII, he turned to the elite to develop the A-bomb. Those nuclear power plants that you talked about earlier would not exist without the "elite".
    Jan 1 11:00 AM | 1 Like Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    Exactly and that is FDR is considered by most Presidential historians as the greatest President since Lincoln and on of the top three greatest Presidents of all time.
    Jan 1 10:53 AM | Likes Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    david, you are absolute right about how stimulative that it would have been to invest in long-term multi-billion dollar infrastructure projects such as nuclear power plants. However, that would not have done anything to stem the 500,000 + per month job losses that we were experiencing in early 2009 when Obama signed the stimulus plan. We needed most of that $800 billion stimulus in the economy as soon as possible and the way they did it got the job done. Massive monthly job losses ceased a couple months later, the recession ended in June and we had monthly job creation by the end of year. I was convinced when the stimulus bill was passed that it was not large enough. It should have been $800 billion for two years and then there should have been another $700 billion that kicked in from year 3 to year 6. Had we done that I believe that we would be in much better shape than we are today. However, the Republicans fought the $800 billion plan and many thought that it should have been no larger than $300 billion which consisted mostly of tax cuts.
    Jan 1 10:52 AM | 1 Like Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    david, Reagan would not have been able to win the Republican primary today, he was much to moderate. Look what happened to John Huntsman. He was much closer to Reagan in terms of his record as Governor.
    Jan 1 10:40 AM | 1 Like Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    david, let me stipulate that I voted for Reagan twice. However, much of his tax cuts at the Federal level, were met with tax increases at the State level because Reagan cut many programs that provided Federal financial assistance to States.
    Jan 1 10:38 AM | 1 Like Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    david, Volker was appointed by Carter and had already started increasing interest rates under Carter. The undisputable fact is that both of the early 1980's recession were brought on by restrictive monetary policy and the eventual recovery had much more to do with reversing those restrictive monetary actions than fiscal actions. Reagan's fiscal action definitely contributed to the strong GDP growth rates in the mid and late 1980's, although a meaningful contributor to that growth came from government spending, particularly Reagan's unprecedented Defense Department budgets..
    Jan 1 10:35 AM | 1 Like Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    Hubert, you are mistaken. Deflation is a much more feared economic condition than inflation. Inflation actually induces consumption because if a consumer waits, the good or service will be more expensive. Whereas deflation can become embedded in consumer behavior and retard economic activity because consumers are actually rewarded with lower prices the longer that they put off consumption. Central banks, with monetary policy, have the tools to combat inflation very effectively, however as we have seen over the last several years, even using every stimulative monetary policy tool, central banks have not been successful in reiginiting sustainable economic growth and normal inflation rates.
    Jan 1 10:31 AM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    205427, when they are "granted" options and then they can do cashless exercises of those options, they have risk nothing because they have paid nothing for those options. They pay nothing for the options, if they pay off big they win and if they don't, they invested nothing in the first place.
    Jan 1 09:01 AM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    Tomas, just a clarification. What do you mean that "profit maximization must take place within applicable law"? Let me state that I run my business based upon what I believe is in the best interest of my clients' long-term success and because of that I charge fees lower than the market would bear and I customize a lot of work for my clients that I could more profitably automate through the use of commoditized product. If I used commoditized solutions, I would work less, make more, but my clients would end up paying my fee, plus the fee associated with the product. Their fee would go from around 1% to around 2%. I refuse to do that and frankly I will make less than many of the broker's I know in the short-run. However, I am doing the right thing and my clients will benefit from this over the long-run.
    Dec 31 07:34 PM | 1 Like Like |Link to Comment
  • Agreement has been reached on all tax issues, says Senate Minority Leader McConnell, speaking on the Senate floor. Stocks move to session highs, the S&P 500 +1.5%[View news story]
    tom, the deficit has been falling over the last three years and is projected to continue to fall over the next several years assuming that we do not fall back into a recession during that time.
    Dec 31 03:34 PM | 2 Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    bbrady, legally and from pure construct standpoint you are entirely correct. Morally, ethically and even for long-term benefit, there is a lot of space between maximum profit seeking in the short-run and "socially appealing endeavors". I will concede that you are right, but I will retain the high ground in this debate.
    Dec 31 02:00 PM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    Tomas, you are right and I would not argue otherwise. I just believe that a corporation has a broader mandate beyond pure profit maximization. Henry Ford believed that and actually turned that belief into a very smart business decision. Worker's are more productive when they feel as though they are valued and a part of what makes a company successful.
    Dec 31 12:29 PM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    bbrady,

    My point is that if corporation wants to have direct representation in our government as every citizen is suppose to have through lobbying and campaign donations, as the Supreme Court ruled with Citizens United, with that priviledge comes responsibility to society. It cannot be a one way street where corporations are legal citizens of our country, but can act solely in their own capitalistic self interest.
    Dec 31 11:54 AM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    bbrady,

    Corporation, specifically publicly owned corporations, want all the priviledges of a legal citizen, plus they demand legally enforcable loyalty of their employees, but though employment agreements non-union employees are largely strip any recourse from employees if the employer is "disloyal" or unfair. But you argue that corporations have no obligations to the society in which they operate. Citizens are on balance patriotic, citizens can be called upon by their government to make sacrifices for their country, and citizens cannot unilaterally reap all the benefits of society without any accountability to that society.
    Dec 31 10:08 AM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    bbrady,

    You just summed up how many large companies operate today and you distilled the problem that is now a cancer in America business. You certainly cannot say that what you described is the one and only way that businesses can operate successfully. There are many businesses here and around the world that pay their executives a reasonable compensation and value the employees as investments. Additionally, there are management experts such a Peter Drucker, who argued that "for capitalism and democracy to survive, society must find a way to mitigate the social costs of a (relatively) free market economy". I do believe that American business has lost it way in many ways. You seem to completely reject that a corporation has a social contract, I disagree with that. Drucker's core tenet of his teachings on management was "a belief in both the importance of the corporation as a defining institution of American society and the need for a corporate social contract".
    Dec 31 09:11 AM | 2 Likes Like |Link to Comment
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