knoc

How Will the U.S. Recover from the Debt Crisis?

And who exactly do you think is going to do this? The "lower taxes and increase spending" Republicans? Wasn't it G.W.B. who cut taxes in wartime, a first in U.S. history? Wake up!


On Oct 25 10:53 AM Brent Day wrote:

> The sooner Obama and the current dems are gone, the better. The
> U.S. needs to take a dose of very tough medicine now and for several
> years in the immediate future; fiscal discipline - cut spending and
> get the deficit under some sort of control with the aim of one day
> being able to start paying down the debt, stabilize then cut taxes
> to allow free enterprise and capitalism to work and lead the U.S.
> economy into the future rather than gov

Friday Outlook: Commodities, Global Markets

"The Prez spending like there is no tomorrow and Helicopter Ben throwing money around is not good for the long-term health of the dollar or for the U.S. This is how we got into trouble in the first place. It is not about politics or being conservative or liberal. Just sound economics and common sense."

It may make sense -- or not -- but it sure ain't common since so many disagree about the stimulus issue. And as far as "sound economics"? I do believe that is an oxymoron.

Tuesday Outlook: Commodities, Global Markets

"But the other was the election of President Obama, a completely unknown entity with liberal Democratic beliefs (tax and spend)."

- as distinct from recent Republican presidents such as Bush who were simply spend. Let's not forget the importance of the Bush tax cuts during war time, a historic first, in landing us in the debt-ridden mire we are in now.

"Some have pointed out that the fall in Obama's poll numbers directly correlates to the rise in the stock market. "

-- there is no doubt a 'correlation' there. There is also a correlation with his poll numbers and the incidence of people wearing shorts and tank tops

"I am least comfortable with the current President and Congress than I have ever been in my lifetime."

-- I am not crazy about Obama, but Bush & Cheney were a disastor.

Thursday Outlook: Commodities, Global Markets

"The fact that most of the articles published in Science and Nature are supportive of global warming is not proof that global warming is a man made phenomenon, it is merely proof that the editors/reviewers of those journals believe global warming to be a man phenonmenon [sic]."

In so far as the editors/reviewer are biased, they are biased toward peer-review standards of scientific evidence, rather than uninformed opinion. And I guess since this bias extends to all other scientific journals and conferences, we will never know the real truth about global warming because all the counter evidence is being hidden from us -- yep, sure sounds like a conspiracy to me. Precisely the same argument is used by 'intelligent design' supporters who claim that the evidence for their theory is being suppressed by the scientific 'elite'.

BTW -- what is 'something of a scientist'? You sure don't think or communicate like one.

Thursday Outlook: Commodities, Global Markets

"There is no consensus among rational scientists on this issue. "

Sheer ignorance. As a scientist who reads the journals 'Science' and 'Nature' weekly I have followed the arguments over the last decade or so reach an overwhelming consensus among 'rational scientists'. The few so-called scientists who disagree have been bought up by the oil companies. This foolishness reminds me of the arguments brought against evolutionary theory by 'intelligent design' advocates, claiming that there are actually scientists who support this drivel, when there is really no 'there there.'

Incidentally, the advances in modeling work that have led to greater consensus in the last few years are largely due to enormous increases in computing speed and power, which have also revolutionized other areas like, oh lets see -- yeah, the financial markets.

Thursday Outlook: Commodities, Global Markets

"Sun spots, or a lack of them, is a bigger cause of climate change than man-made activity..."

Actually, no. But it is comforting to attribute climate change to something we have no control over.