Kinja Rules

Recent Policy Decisions and a Greater Depression

Great Comment! Some see this but many do not. The Media is not doing any service to this thought, which is wrong. People who pay NO TAXES are all up in arms about how Their Tax Money is being spent w/ no clue about where it is going or why. Teletubby's, What the Tube Says is How It Is. Ouch!


On Feb 20 09:00 AM Tim H. wrote:

> I disagree with your analysis and here is why: A few years ago I
> had a discussion with my brother when the Iraq war was looking like
> as McCain said: "we will be there 100 years." Spending billions more
> on Iraq in process while this country's infrastructure decayed. Why
> were you not writing an article a few years ago stating the significant
> increase in cost of Iraq war was leading to a huge national debt
> and the Bush tax cuts of 2001 needed to be rescinded to help pay
> for the cost of war? My post is not an anti-war or anti-Bush rant.
> Merely my point is it seems to be okay to spend billions of US tax
> money to fund a war of choice. Yet when the government roles out
> stimulus bill which is more than just creating jobs but rebuilding
> the county's infrastucture. The people who were silent about the
> money spent in Iraq are now screaming bloody mary about the stimulus
> bill? Just seems kinda screwed up that this country spends billions
> on another country and that's okay. But if this country spends billions
> on itself. That's not right. Explain to me please why that is? I
> will use an example: There is $8 bil in bill to build high speed
> rail across country. This intent is to help decongestion our nation's
> roadways and air travel and promote conservation of energy. Being
> more energy efficient whether it's weather proofing, higher mileage
> in auto's or using power sources that use less energy (solar panels,
> energy efficient light bulbs) all lead USA to becoming more energy
> independent. So that stimulus bill is just not to create jobs but
> to upgrade this country's infrastructure. As for the foreclosure
> help... Fact is until the massive foreclosing's stop's this country's
> economy is never going to get revved back up. I understand the argument
> those people agreed to those terms but the foreclosing's need to
> be slowed down so people can stay in their homes. How does a foreclosed
> home that sits with no buying occupant help anyone? I find it really
> interesting that despite columns such as the one above and wall street's
> lack of excitement over what Obama is doing. His poll rating still
> remain high. Wall Street made alot of money in past few years and
> now the punch bowl has been taken away. Main street seems to approve.
> That bailout money is in loans so it is suppose to be repaid to tax
> payers years from now. As for the debt that is being created today.
> Under Reagan the national debt significantly increased yet I saw
> few columnist stating we were on our way to a great depression. Early
> in Reagan's term we were in a very bad recession too. No doubt down
> road the debt being created needs to be repaid and Obama has acknowledged
> this fact. Personally I think after economy recovers... A national
> gas tax is quickest way to repay that debt. This would force consumers
> to not go back to old driving habits, conserve energy and promote
> alternative energy travel. An author of a book about alternative
> energy said the technologies are there but to get the green energy
> infrastructure moving a base in the price of gas needs to be established.
> Bottom line is I disagree with this article but if the article is
> correct. Then Obama will have failed and as he told that audience
> in Florida: "We will have a new President." I hope Obama doesn't
> fail because it will be good for the country if he succeeds!

Contemplating the Demise of Bank of America, Citi and JPMorgan

Why do banks always fail when a Bush is in Office ?

B/C Kinja Rules...Check it out~Jimmy Buffett

Thriving in this Economy less than Hopeful for these & many others. The way out, from everything I've read is an Experiment @ best. So, we wait. If you have no understand of what is going on, wait until you do. This has been my motto for many yrs. Opportunity lost is little against Capital lost for good. People are rather tired of losing, on Bank Stk's or other. This sentiment is rising Fast in the 60+ crowd as far as I can see.

So, where does the Fresh Capital come from; other than the Govt? It is really questionable if the Experiment will work from the FED. I read a Great News Letter that answered Questions I've been asking for months.
Maudlin's Front Line. There was a Guest Writer, who backed it all up by chart, time & econ theory over 125 yrs. Well, it made sense to me. I don't agree completely w/the final conclusion, but do feel that Hard Assets are of Value @ a Discount...Capital Preservation. Seems a Prudent Call today. Mine anyway.