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Terry330

Terry330
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  • The supercommittee breakdown will likely lead to more "lengthy and heated" battles over the deficit throughout 2012, HSBC says. At some point rating agencies will lose their patience, so be wary of further downgrades of the U.S. sovereign credit rating "at some point next year."  [View news story]
    I see this 'failure' as a success - you don't negotiate with terr0r1sts­, ie, Tea_Party_­Republican­s
    Nov 20, 2011. 03:47 PM | 3 Likes Like |Link to Comment
  • The supercommittee breakdown will likely lead to more "lengthy and heated" battles over the deficit throughout 2012, HSBC says. At some point rating agencies will lose their patience, so be wary of further downgrades of the U.S. sovereign credit rating "at some point next year."  [View news story]
    Good, the Democrats are helping keep Social Security strong and saying no to another giveaway to top 1%.
    Nov 20, 2011. 03:42 PM | 5 Likes Like |Link to Comment
  • With just a few days to go before the deadline, the congressional supercommitee appears headed for failure - further proof the U.S. government just can't function, and another blow for business confidence. Gallup's Frank Newport: "I think the reaction of the public... will be even more negative, not just about the government but their confidence in the economy in general.”  [View news story]
    "I pledge allegiance to WALL STREET BETTING AGAINST AMERICA and the UNC0NSTITU­TIONAL N0RQUIST 0ATH and RYAN V0UCHER OATH against the people of the United States of America, and against the Republic for which it stands, one UNELECTED LEADER under $BILLI0NAI­RES and $TRILLI0NA­IRES, indivisibl­e, with DEBT SLAVERY and INJUSTICE for All the little masses."

    Under a GR0VER APP01NTED FATHER FRED K0CH-C0MMU­N1ST-STYLE POLITBURO!
    Nov 18, 2011. 06:33 PM | 2 Likes Like |Link to Comment
  • Congressional leaders begin informal talks on a smaller deficit cutting deal as the supercommittee struggles to achieve anything close to its $1.2T mandate. A fallback plan would preempt automatic cuts that would go into effect in 2013 should the supercommittee not reach agreement by Thanksgiving.  [View news story]
    So the supercommittee will fail — and that’s good.

    For one thing, history tells us that the Republican Party would renege on its side of any deal as soon as it got the chance. Remember, the U.S. fiscal outlook was pretty good in 2000, but, as soon as Republicans gained control of the White House, they squandered the surplus on tax cuts and unfunded wars. So any deal reached now would, in practice, be nothing more than a deal to slash Social Security and Medicare, with no lasting improvement in the deficit.
    Nov 18, 2011. 06:29 PM | 1 Like Like |Link to Comment
  • Conservatives searching for the next anybody-but-Romney Republican candidate might have to keep looking, after Bloomberg reports Newt Gingrich made at least $1.6M from consulting contracts with Freddie Mac (FMCC.OB). Gingrich has claimed he was hired as a "historian" who pointed out flaws in its business model, an account disputed by former Freddie executives.  [View news story]
    President Obama looks better each month.
    Nov 16, 2011. 11:18 AM | Likes Like |Link to Comment
  • The Republican plan for a balanced budget amendment to the Constitution is "nuts," Bruce Bartlett writes, only restraining spending but making tax increases nearly impossible, while continuing to allow tax cuts regardless of the deficit. The aim is to "delude voters with pie-in-the-sky promises" that amending the Constitution would painlessly solve all budget problems, Bartlett says.  [View news story]
    Social Security is not government spending, people paid into this for decades. Military is big government spending. GOP plan to cut SS and increase military spending while cutting taxes on top 5%.
    Nov 15, 2011. 06:19 PM | 3 Likes Like |Link to Comment
  • Wal-Mart (WMT) CEO Mike Duke gives a bit of insight on the economy during the earnings call: "Only 1 in 10 Wal-Mart moms that we surveyed view the state of the U.S. economy as good... They're juggling credit cards, using coupons, skipping restaurants and vacations. There is a real sense that the economic strain is taking its toll."  [View news story]
    The top 5% has its boots on the necks of working American families. Big company profits are at records, look at Exxon Mobil this quarter-profits up 41%.
    When will the middle class wake up to the ways of the wealthy.
    Nov 15, 2011. 05:41 PM | Likes Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    The "environmentallyh sensitive" part of Nebraska is the largest aquifer in America. It supplies eight states with clean water. Given the track record of oil companies and spills (Exxon Mobil and Alaska, BP and Deepwater, the pipeline by Billings, MT owned by Exxon that spilled tens of thousands of gallons of oil into the Yellowstone River, I can go on and on), I'd say this is a win for anyone who dislikes drinking motor lubricant.

    This is a shoddy plan that has minimal economic benefits in comparison to the potential massive human costs: thousands of jobs versus tens of millions of people affected by a spill.

    The only reason why tar sands are currently economically feasible is the ludicrously high price of oil. It has a disgustingly low ROI in terms of energy in, energy out, and it renders the air, land, and water around it highly toxic and unusable because of high levels of arsenic, selenium, mercury, and vanadium.

    Environmentally, it's a disaster. Economically, it's only barely less than a disaster. It's simply not worth it.
    Nov 10, 2011. 07:20 PM | 2 Likes Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    To all you that are saying this is political remember this. Nebraska which is calling for the pipeline to be re-routed has a Republican Governor. Governor Dave Heineman has expressed many times the danger that this pipeline poses to their water supply. So unless the President is pandering to Republicans now, your comments are wrong.
    Nov 10, 2011. 06:51 PM | 1 Like Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    Never give up your good health for a fast dollar. Put those 20,000 to work building new roads.
    Nov 10, 2011. 06:29 PM | 2 Likes Like |Link to Comment
  • Democrats criticize a Republican plan to cut the U.S. deficit by overhauling the tax code as a sop to the wealthy, after the proposal had appeared to signal a new willingness to at least consider revenue increases. "They’ve got to put real revenue on the table," says Sen. John Kerry, who wants more than $1T. It's looking like the super-committee may be the real turkey this Thanksgiving.  [View news story]
    Average disability is about 1k month.
    Nov 9, 2011. 07:35 PM | 4 Likes Like |Link to Comment
  • Democrats criticize a Republican plan to cut the U.S. deficit by overhauling the tax code as a sop to the wealthy, after the proposal had appeared to signal a new willingness to at least consider revenue increases. "They’ve got to put real revenue on the table," says Sen. John Kerry, who wants more than $1T. It's looking like the super-committee may be the real turkey this Thanksgiving.  [View news story]
    If military spending was cut 40% their would be no need for added revenue.
    Nov 9, 2011. 07:32 PM | 4 Likes Like |Link to Comment
  • Democrats criticize a Republican plan to cut the U.S. deficit by overhauling the tax code as a sop to the wealthy, after the proposal had appeared to signal a new willingness to at least consider revenue increases. "They’ve got to put real revenue on the table," says Sen. John Kerry, who wants more than $1T. It's looking like the super-committee may be the real turkey this Thanksgiving.  [View news story]
    Tax the wealthy for future jobs expansion. Five decades of tax cuts don't work.
    Nov 9, 2011. 07:27 PM | 4 Likes Like |Link to Comment
  • A leaked memo from Apple (AAPL +1.2%) obtained by CNET reveals the company is planning to train managers how to respond to the threat of unionization by its retail store employees. If a retail union launches it has the potential to drive Apple's operating costs higher if it successfully negotiates better wages and benefits for members.  [View news story]
    Their is nothing wrong with paying your workers more, wages paid to employees are tax deductible.
    Nov 8, 2011. 01:20 PM | 1 Like Like |Link to Comment
  • More on the Conference Board's Global GDP Outlook (previous): Advanced economies will see GDP growth of only 1.3% in 2012, compared to the 5.1% pace predicted for emerging market and developing economies. The model's most optimistic scenario for the U.S. registers a 3.6% average GDP gain between 2012-2016.  [View news story]
    US grows as long as Democrats in office.
    Nov 8, 2011. 10:42 AM | Likes Like |Link to Comment
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