overtaxed42long

What a GM Bankruptcy Would Mean for Sirius XM Shareholders

Sounds like you should buy puts to cover your long position in SIRI. And buy more puts to profit from the inevitable. Just buy them at least three quarters out or further. Or do options even exist for SIRI anymore? Probably not if it is still around thirty cents a share. What a drag this ride has been for investors. Just when the approval finally goes through on the merger between SIRI and XM, their entire lifeblood in the OEM market dissolves practically. First the FTC just about destroyed both companies with its meddling and at the same time took so unbelievably long to do it. Now the biggest employers and their downlines of suppliers and aftermarket chains going under.... I'll tell ya, the new policy Obama has put into play that is taxing everyone more every day and giving free reign on the spending by the yahoo's (sorry Yahoo!, no disrespect intended) in all levels of government, is destroying many more jobs than will ever be created. How anyone can possibly buy into their ill conceived notion that spending more and more to reduce debt is beyond me. Please do tell me of ANY person or business you know of that has been able to spend more and take on more debt load and at the same time reduced their debt. You can not do it. It does not compute. How many jobs have been created thus far? Is it still just the 72,000 census workers? Man that is a lot. I guess we can count the legal firms having to deal with all the bankruptcies. Or they already had jobs so they don't count. Hmmmmm. Anyone see the biggest implosion in history around the corner? Pretending it isn't there lurking won't make it go away. Hopefully the gov'ts of the world can pull off the biggest manipulation ever and keep the rich rich and the rest of us able to still get by. I think I would close all positions in SIRI and take the loss if you have one. They won't survive. There just isn't enough suscriber base to keep it above the water line.

The Real Cost of Economic Stimulus

Social Security-what a rip off and great scam to steal from the producers. Nowadays they tell the producers,"you better invest and save for your retirement." So why the hell do we pay this rip off tax that is spent 2 years before it is even collected because the politicians can't stop their country ruining spending? Do not make the mistake of blaming this whole financial mess on the banks or the borrowers. Government decided it needed to stick its nose into the financial sector and play around with it as if they knew what to do. Look what it has accomplished. The downfall of the greatest country on earth due to lack of oversight they insisted on and regulation they don't even follow or enforce. It is impossible for the debt from the houses defaulted on to cause this much mess without some help from above. Enter big government. We know what to do, we'll just fine and tax and charge fees and assesments and that will make it all better......(for us, hahahaha). Ooops...that didn't work, we know what to do now, we'll regulate and tax more and charge hidden surplus fees and more unique taxes and call those capital gains taxes and lets see what else we can shove down the country's throat to choke it to death. Yeah for DC, thank you, you worthless thieves of inept doings.

The Bailouts Are Doomed - All of Them

I just have to ask the question......With every single commentator of this article being of the opinion it is correct and that we need to rid ourselves of these corrupt incumbents, why do so many seem able to win their election? When everyone seems to think that all politicians are corrupt and do not perform their duties in the nations best interest, how are these same still in office?
Do not say it was a choice of the lesser of two evils either. That is just a cop out. We have a choice, its called write in voting. Anyone who did their due diligence on the candidates would know the only one worth a vote was Dr. Ron Paul. He is the only one who has said all along the financial system was going to fail, has maintained his efforts to block these bailouts, works at reducing the size of government, and much more that is in the best interests of the people of the USA. Period. We need ethical leadership that follow the rules laid out in the Constitution, not the rules bent and changed with each passing Congress to their liking. Where were you people at election time? Who did you vote for? Obama with no idea of how he will be used and manipulated? Or wet-noodle McCain who is more a puppet than a person after his many years in office? Or Ron Paul who has tirelessly questioned the FED and their monetary policies, introduced many pieces of good legislation that would reduce much corruption in Washington. Wants to move the US back onto the gold standard to force the government to limit their spending and balance budgets. Give Americans security in our savings and investments.
With money valued upon only the faith of the US government, and the govt. spending more than it can print, and the money worth less than the paper it is printed on, we are in for bad stuff very soon. The devaluation of 50% of the market was nothing compared to what happens when the currency is found to be worthless. Gold sounds better and better every passing day. I guess that is what it is going to take to get rid of the worthless ones on capitol hill

Why Is U.S. Transportation a Losing Investment?

Most articles here are opinion based and have facts to support their views. So the opinions cited can be thought of as news. Here's some more facts about the airline industry and in my opinion more reasons why they will always show a loss.
1. When airlines report sales numbers and their related losses, the empty seats on a flight are calculated at the highest fare price that particular seat had. We all know the seat prices change drastically from one day to the next. When reporting the numbers, those empty seats get a much higher loss value than if those seats were occupied and recording a sale. Ie. the empty seat shows a loss of $400 and the same seat sold shows a sales revenue of $275. That right there generates large operating losses to continue the airlines fleecing of American taxpayers every year since Braniff first got bailed out. This is the reason why every single passenger carrier, except one that I know of(Southwest), shows a loss every year. Now tell me how a company can show losses yoy and still remain not only competitive but in business? Eventually you go out of business, it just takes longer with the backing of our corrupt politicians and all their paying lobbyists and research firms etc.
2. Whoever wrote that the big companies have to maintain their pension funds fells asleep back in the eighties when every other company out there changed owners and eliminated those ridiculous costs. I don't care how big and how much a company is perceived as being needed, they have to think about keeping the company alive without the help of subsidies. As soon as subsidies become regular that is when they start to whine and cry about going out of business every single year. Ie. Railroads, airlines, auto industry, oil industry. All get subsidies and all are going out of business every year they have a pullback in their industry. All have always seemed to pull through too. In the end it is all about who's accountants can wrangle the numbers to satisfy the IRS and stay in business at the same time. The IRS needs to be erradicated and replaced with nothing more than a national sales tax. No more corporate tax that only ends up being paid by the consumers. fNo more hidden taxes all along the routes of a "things" manufacturing process, to its final spot on the shelf waiting to be purchased and then of course taxed again at that point and if a car or house to be taxed yoy for its entire existence.
The point I'm making is the fact that government has become too greedy and takes without production too much too much too much too much. America wanted change with Obama, too bad you didn't realize he meant change from your pocket to his.
And for those of you who actually believe these bailouts are loans? Ha ha ha ha ha. I cite AIG for just one of many examples. AIG will probably go out of business or become owned by the gov't.(what a joke) and of course as a gov't owned entity they will be "loaned" money every year in order to stay afloat. Have the same proper and transparent operating priciples and accounting as FNM and FRE. Yep it's just a loan alright.


On Dec 18 02:01 PM Miken wrote:

> There isn't a single piece of news in this article. Same stuff we've
> all read a thousand times. And with all due respect, I'm not interested
> in this young man's opinion about anything.

The Truth About Bailouts

So true- The people of this nation have been taken for aride and getting it in the rear. These jackasses in DC need to be forcefully removed and put in the stocks and have rotten vegetables thrown at them. Not a single one of them has done anything to help our country without it benefitting themselves on a personal level. All of the lobbyist, special interests, committees, study groups, panels, sub-committees etc. need to be immediately stopped. Real legislation put into effect that puts value back into our currency and stabilizes the country and brings the jobs back to the US. Implementation of a consumers tax (Ie. The FairTax), is the only way to do this. It would end most tax corruption, abolish the IRS and allow those folks to actually provide a sevice this country needs in whatever they end up doing. The prospect of jobs would be no problem due to the fact that with a consumption tax, the coporate tax is eliminated thereby making the atmosphere for business so good, every business on the planet will want to come here to do the business of being in business. This means everyone who wants a job gets one with benefits because without corporate tax those companies could now afford to give benefits like medical, quarterly bonuses, profit sharing and all that extra $$$ in the consumers pocket will be spent in the stores where that tax is collected. So the govt keeps receiving plenty of cash and then some multiplied astronomically from all the new and returning businesses from abroad hiring and paying employees who will spend (and save). Ron Paul was the correct choice and the best choice and the right choice. Not one of the other candidates even knew one thing about the crisis we are now in the grips of. None of them even cared a bit about the people except for Dr. Paul. Watch some of the Youtube videos of Ron Paul questioning Bernanke and Paulson and Barney Frank and the rest of those of the committes for banking and finance. Ron Paul is right and knows how the money centers work and how they have been systematically failing for years now and have finally come to such a head that our once strong and much sought after fiat currency is now worthless because of ridiculous politicians who proclaim themselves to be experts at all the goings on in businesses across the globe and yet all of them are there in DC because they could not make it in their chosen profession of being a lawyer. All of them flunkies in charge running the show for too long now has brought us to this position of downfall. It really sucks watching them keep on doing the same things that made the mess inthe first place and saying it should help fix the problem. I got news flash here that says this is the gov't attempt to finally call a force majuere in the Federal Reserve Money due to the value being less than what is on its face. If thtat happens the Amero will be forced upon us at a price to rival the Bear Sterns deal Morgan Stanley got. 10 cents on the dollar maybe? Hal Jay says 650 billion Ameros minted in Denver have been sent to China to replace their trillions of worthless greenbacks. I hope this is not true about what Hal Jay has said.
You should have written in Ron Paul for president. He would have done so much for this country and the people it would make you cry with tears of joy. If only the public knew the truth about what the pliticians do and how the media has has a profound affect upon the views of the people and how that manipulation should be declared illegal.


On Nov 23 02:21 PM Jettzen wrote:

> Why are you all complaining about the bailing out the auto industry.
> Didn't you read the article we don't have the money to bail out anybody.
> Come on people we are out of money our wonderful government spent
> it all. If you want to get mad at someone get mad at the politicians
> they are the ones that did whatever they wanted with our money. To
> get things back to being in the black I would suggest getting rid
> of them all. Obama doesn't stand a chance he can't bring the economy
> back we don't have anymore money. In another year everybody will
> be blaming him for our problems. It is time the American people looked
> in the mirror if they want to know the problem. We didn't reel our
> government in and look what we got for it. All the manufacturing
> jobs went over seas everything was outsourced all in the name of
> greed. I have a feeling we will get just what we deserve if we keep
> on the same course we have been on for the last 40 yrs. Our country
> need a re-boot in the worst way. The malware in Washington has taken
> over our operating system and we are looking down the barrel of the
> ultimate Blue Screen. Vote them out of office is our only chance
> and then take care we elect only those who willing serve the people
> instead of themselves. If you think it was someone else's fault then
> you are part of the problem. We are all in this together and it can
> be fixed but not by blaming each other. 535 men put us in this position
> and we let them do it. This mess started back in about 1917 in the
> Woodrow Wilson administration, the creation of the Federal Reserve,
> with the power to arbitrarily manipulate the value of money, the
> institution of the Federal Income Tax, giving the government the
> power to redistribute the wealth, the direct election of senators
> thereby negating the sovereignty of states, FDR's confiscation of
> this nation's wealth by making the ownership of gold illegal, unlinking
> the dollar to gold...and on an on and on. Our founding fathers learned
> the lessons of fiat money and warned us against it. The buffoons
> we continually elect to office, who think they know more than anybody
> else by virtue of their election, did this to this nation over a
> period of 60-70 years because they refuse to abide by Constitutional
> government. Ron Paul was right.