patio's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/279975/comments http://seekingalpha.com/article/124605-the-payroll-plunge?source=feed#comment-417014 417014 Is it not possible that anyone who needed to reduce the workforce has done so, and other contractions as well? We might be approaching a leveling off.
Of course, one other alternative ( there are many possible paths ) is that we are indeed in a global deflationary spiral that will just keep gathering momentum like an avalanche. We can hope for the former. ]]> Sat, 07 Mar 2009 07:55:20 -0500 Is it not possible that anyone who needed to reduce the workforce has done so, and other contractions as well? We might be approaching a leveling off.
Of course, one other alternative ( there are many possible paths ) is that we are indeed in a global deflationary spiral that will just keep gathering momentum like an avalanche. We can hope for the former. ]]> http://seekingalpha.com/article/124606-an-explanation-for-monetary-inflation-and-a-new-low?source=feed#comment-417010 417010 I am more in the camp that gold's recent price increases have more to do with a pure flight to perceived safety ( same for dollar ), than as an inflation hedge, but everyone has their own conceptions and act accordingly.
I think the graph is useful.]]> Sat, 07 Mar 2009 07:40:36 -0500 I am more in the camp that gold's recent price increases have more to do with a pure flight to perceived safety ( same for dollar ), than as an inflation hedge, but everyone has their own conceptions and act accordingly.
I think the graph is useful.]]> http://seekingalpha.com/article/124529-wall-street-is-short-barack-obama?source=feed#comment-415992 415992

On Mar 06 11:11 AM moronicsocialistidiot wrote:

> Who you calling socialist?]]> Fri, 06 Mar 2009 11:28:36 -0500

On Mar 06 11:11 AM moronicsocialistidiot wrote:

> Who you calling socialist?]]> http://seekingalpha.com/article/124529-wall-street-is-short-barack-obama?source=feed#comment-415752 415752 online.wsj.com/article... ]]> Fri, 06 Mar 2009 09:18:29 -0500 online.wsj.com/article... ]]> http://seekingalpha.com/article/124529-wall-street-is-short-barack-obama?source=feed#comment-415737 415737 - porkulus bill wasting billions of dollars to buy votes, read it yourselves. But you 'll see insane expenditures to ACORN, unions, mob museums, 9000 earmarks in all
- a multi-year budget, cutting nothing by way of wasteful spending( Obama claims otherwise of course )
- raisning the marginal tax code on the "rich"; you know, those horrible people who start businesses, creat jobs, god I hate them
- but of course, the rich aren't rich because they are dumb, they just won't expand or create businesses, in fact they will lay more peopl e off
- net result is a worse problem, no net increase in tax revenues, and more sheeple beholding to the government
- expanded central government control of more and more industries; if you like the service you get at the US post office, or the DMV, or whatever gov agency you are unlucky enough to have to go to now, you'll love the future
- especially health care. Wow, I'm sure you'll cherish you 5 minutes with the gov doctor. X-rays, MRI's careful investigations?? Please, get serious I have 100 people waiting. Rack 'em and crack 'em. Who in theie right mind will become a doctor in the future?
- With such new services, you won't paying increasing taxes your whole life, will you? Anyway, Big Brother knows how to spend your money way better than you do, its a win-win
]]> Fri, 06 Mar 2009 09:08:59 -0500 - porkulus bill wasting billions of dollars to buy votes, read it yourselves. But you 'll see insane expenditures to ACORN, unions, mob museums, 9000 earmarks in all
- a multi-year budget, cutting nothing by way of wasteful spending( Obama claims otherwise of course )
- raisning the marginal tax code on the "rich"; you know, those horrible people who start businesses, creat jobs, god I hate them
- but of course, the rich aren't rich because they are dumb, they just won't expand or create businesses, in fact they will lay more peopl e off
- net result is a worse problem, no net increase in tax revenues, and more sheeple beholding to the government
- expanded central government control of more and more industries; if you like the service you get at the US post office, or the DMV, or whatever gov agency you are unlucky enough to have to go to now, you'll love the future
- especially health care. Wow, I'm sure you'll cherish you 5 minutes with the gov doctor. X-rays, MRI's careful investigations?? Please, get serious I have 100 people waiting. Rack 'em and crack 'em. Who in theie right mind will become a doctor in the future?
- With such new services, you won't paying increasing taxes your whole life, will you? Anyway, Big Brother knows how to spend your money way better than you do, its a win-win
]]> http://seekingalpha.com/article/124426-bearishness-at-20-year-high-big-bounce-in-the-waiting?source=feed#comment-415026 415026 Chill, walk the dog, shut down the computer (s). Nothing to see here folks, move along.]]> Thu, 05 Mar 2009 18:27:11 -0500 Chill, walk the dog, shut down the computer (s). Nothing to see here folks, move along.]]> http://seekingalpha.com/article/124403-the-free-market-votes-still-no-change-we-can-believe-in?source=feed#comment-414855 414855
It's price to earnings ratio, Idiot Obama. This is the clown we have at the wheel of the clown car, driving his band of finacial illiterates around. Ah, but that it were only true- bad, but not calamitous.

Joel, you summarize perfectly:
"Our country is ruled by a caste of lawyers who are almost to a man (or woman) economically illiterate. The know how to write laws to redistribute wealth but don’t understand how that wealth is produced. They also write laws that make it easier for lawyers to extort money from productive members of society, and centralizing power to lawyer-politicians who use that power to stay in power."
One quibble- some perhaps many lawyers are not socialists, they want to keep the money they earn. This particular lot of politicians however are as far left as Marx or Lenin. They are bent on the destruction of achievers, and the acquisition of power, no how many lives are ruined in the process.
Great article.

]]> Thu, 05 Mar 2009 16:16:47 -0500
It's price to earnings ratio, Idiot Obama. This is the clown we have at the wheel of the clown car, driving his band of finacial illiterates around. Ah, but that it were only true- bad, but not calamitous.

Joel, you summarize perfectly:
"Our country is ruled by a caste of lawyers who are almost to a man (or woman) economically illiterate. The know how to write laws to redistribute wealth but don’t understand how that wealth is produced. They also write laws that make it easier for lawyers to extort money from productive members of society, and centralizing power to lawyer-politicians who use that power to stay in power."
One quibble- some perhaps many lawyers are not socialists, they want to keep the money they earn. This particular lot of politicians however are as far left as Marx or Lenin. They are bent on the destruction of achievers, and the acquisition of power, no how many lives are ruined in the process.
Great article.

]]> http://seekingalpha.com/article/124305-the-road-to-economic-hell?source=feed#comment-414337 414337 BUT, I would ask you this- keep your eyes open on one piece of proposed legislation, the unbelievably named " Employee Free Choice Amendment".
If passed, this will remove the right to provate ballots, when choosing yea or nay on joining a union. This is by far the scariest idea the Dems have, to take away freedom of secret voting. This is Chicago thuggery at it's most craven.]]> Thu, 05 Mar 2009 11:37:50 -0500 BUT, I would ask you this- keep your eyes open on one piece of proposed legislation, the unbelievably named " Employee Free Choice Amendment".
If passed, this will remove the right to provate ballots, when choosing yea or nay on joining a union. This is by far the scariest idea the Dems have, to take away freedom of secret voting. This is Chicago thuggery at it's most craven.]]> http://seekingalpha.com/article/124305-the-road-to-economic-hell?source=feed#comment-414312 414312 Funny though, how we have immigrants from every corner of the globe trying to get here. Funny also how we were the ones to put a man on the moon; invented chps, computers, software ( not just USA, of course, the free world, our partners ), curing many diseases, more to come, extended life expectancy by decades, promoted progress across every sector, all the while keeping and expanding personal freedoms.
But at the first sign of crisis, many of you pussies want to cut and run, let's go socialist.
This country was built by pioneers, people with guts,and they overcame many challenges for over 200 years. They didn't whine, they didn't throw out the Constitution and say let's start over, they fixed the problems and moved on.
Like I said, if you see a nanny country you like, go there.


On Mar 05 11:03 AM plumstupid wrote:

> Patio:
>
> I've lived in socialist countries. Everyone seemed to be doing quite
> well. Good jobs, nice homes or apartments, good free health care,
> good free education thru PhD if ability and interest was there, clean
> streets, well maintained infrastructure, one month paid vacation
> every year.....
>
> Looked pretty good to me!]]> Thu, 05 Mar 2009 11:26:25 -0500 Funny though, how we have immigrants from every corner of the globe trying to get here. Funny also how we were the ones to put a man on the moon; invented chps, computers, software ( not just USA, of course, the free world, our partners ), curing many diseases, more to come, extended life expectancy by decades, promoted progress across every sector, all the while keeping and expanding personal freedoms.
But at the first sign of crisis, many of you pussies want to cut and run, let's go socialist.
This country was built by pioneers, people with guts,and they overcame many challenges for over 200 years. They didn't whine, they didn't throw out the Constitution and say let's start over, they fixed the problems and moved on.
Like I said, if you see a nanny country you like, go there.


On Mar 05 11:03 AM plumstupid wrote:

> Patio:
>
> I've lived in socialist countries. Everyone seemed to be doing quite
> well. Good jobs, nice homes or apartments, good free health care,
> good free education thru PhD if ability and interest was there, clean
> streets, well maintained infrastructure, one month paid vacation
> every year.....
>
> Looked pretty good to me!]]> http://seekingalpha.com/article/124305-the-road-to-economic-hell?source=feed#comment-414221 414221 Whether the country will react ( the stock market surely has reacted ), and have the same sort of mid-term Congress seachange like when Clinton tried to socailize health care, we shall see.
Look, if you naysayers want to actually experience socialism in your lives, instead of lookig around the world to see how it has ruined countries and other lives, you may unfortunately get your way. Ask your Canadian friends how their health care system is going. Compare N. Korea to S. Korea, East Berlin vs. West Berlin, etc.
The problems we face have complex, multifaceted genesis, but they are not due because capitilism is a worse system than any of the alternatives. Free enteprise, duly regulated, is still the best way to live.
I myself will fight against the creation of a nanny state, that oppresses achievemnet, untill I die.


On Mar 05 10:27 AM plumstupid wrote:

> Is an overt socialist agenda worse than a covert socialist agenda?
>
>
> Is it socialism to privatize profits and socialize losses?]]> Thu, 05 Mar 2009 10:49:30 -0500 Whether the country will react ( the stock market surely has reacted ), and have the same sort of mid-term Congress seachange like when Clinton tried to socailize health care, we shall see.
Look, if you naysayers want to actually experience socialism in your lives, instead of lookig around the world to see how it has ruined countries and other lives, you may unfortunately get your way. Ask your Canadian friends how their health care system is going. Compare N. Korea to S. Korea, East Berlin vs. West Berlin, etc.
The problems we face have complex, multifaceted genesis, but they are not due because capitilism is a worse system than any of the alternatives. Free enteprise, duly regulated, is still the best way to live.
I myself will fight against the creation of a nanny state, that oppresses achievemnet, untill I die.


On Mar 05 10:27 AM plumstupid wrote:

> Is an overt socialist agenda worse than a covert socialist agenda?
>
>
> Is it socialism to privatize profits and socialize losses?]]> http://seekingalpha.com/article/124305-the-road-to-economic-hell?source=feed#comment-414127 414127 Anyone who wishes to work themselves, and not be reliant on a nanny state, should be alarmed.
Free enterprise is the only thing that creates lasting jobs, true wealth, the government is an unproductive bloated bureaucracy staffed with career politicians that never produced anything in their lives.
We have severe problems to fix, but have handed stewardship to folks with a now overt socialist agenda.




On Mar 05 09:15 AM Herbert Hoover wrote:

> "If we don't have a conservative uprising in 2010, we are doomed."
>
>
> LOL - that's what we were supposed to have from 2000 - 2008. No one
> watched that fool so now we have a natural reaction to that excess.
> Obama is no more a socialist than Bush was a fascist. Bitch and moan
> all you want, Your lack of concern over that moron in the White House
> caused the current administration
> ]]> Thu, 05 Mar 2009 10:11:17 -0500 Anyone who wishes to work themselves, and not be reliant on a nanny state, should be alarmed.
Free enterprise is the only thing that creates lasting jobs, true wealth, the government is an unproductive bloated bureaucracy staffed with career politicians that never produced anything in their lives.
We have severe problems to fix, but have handed stewardship to folks with a now overt socialist agenda.




On Mar 05 09:15 AM Herbert Hoover wrote:

> "If we don't have a conservative uprising in 2010, we are doomed."
>
>
> LOL - that's what we were supposed to have from 2000 - 2008. No one
> watched that fool so now we have a natural reaction to that excess.
> Obama is no more a socialist than Bush was a fascist. Bitch and moan
> all you want, Your lack of concern over that moron in the White House
> caused the current administration
> ]]> http://seekingalpha.com/article/122468-thursday-outlook-commodities-emerging-markets?source=feed#comment-413934 413934 It's unfortunate, because then most of the other SA articles fail to inspire or amuse. ]]> Thu, 05 Mar 2009 08:56:04 -0500 It's unfortunate, because then most of the other SA articles fail to inspire or amuse. ]]> http://seekingalpha.com/article/124038-fighting-the-wrong-war?source=feed#comment-413083 413083 If only our politiicians had the smarts and guts to articulate this to the populous. Americans are tough, we can handle the truth, but our "leaders" on both sides of the aisle won't do it. But we can right our own houses, as many have mentioned.

]]> Wed, 04 Mar 2009 14:38:37 -0500 If only our politiicians had the smarts and guts to articulate this to the populous. Americans are tough, we can handle the truth, but our "leaders" on both sides of the aisle won't do it. But we can right our own houses, as many have mentioned.

]]> http://seekingalpha.com/article/124016-no-bottom-in-sight?source=feed#comment-412251 412251 For the life of me, I cannot get my arms wrapped around the "why"? Why do these people want to crush our economy, crush achievement, crush our freedoms? Merely for power, can they be that evil?
Before it's over, this guy will make Jimmy Carter look like John Galt.]]> Wed, 04 Mar 2009 06:19:39 -0500 For the life of me, I cannot get my arms wrapped around the "why"? Why do these people want to crush our economy, crush achievement, crush our freedoms? Merely for power, can they be that evil?
Before it's over, this guy will make Jimmy Carter look like John Galt.]]> http://seekingalpha.com/article/122467-tuesday-outlook-commodities-emerging-markets?source=feed#comment-410933 410933

Dr. Sharon Poczatek, who runs her own dental practice in Boulder, Colo., said that she too is trying to figure out ways to get out of paying the taxes proposed in Obama's plan.

"I've put thought into how to get under $250,000," said Poczatek. "It would mean working fewer days which means having fewer employees, seeing fewer patients and taking time off."

"Generally it means being less productive," she said.

"The motivation for a lot of people like me – dentists, entrepreneurs, lawyers – is that the more you work the more money you make," said Poczatek. "But if I'm going to be working just to give it back to the government -- it's de-motivating and demoralizing."
]]> Tue, 03 Mar 2009 09:43:16 -0500

Dr. Sharon Poczatek, who runs her own dental practice in Boulder, Colo., said that she too is trying to figure out ways to get out of paying the taxes proposed in Obama's plan.

"I've put thought into how to get under $250,000," said Poczatek. "It would mean working fewer days which means having fewer employees, seeing fewer patients and taking time off."

"Generally it means being less productive," she said.

"The motivation for a lot of people like me – dentists, entrepreneurs, lawyers – is that the more you work the more money you make," said Poczatek. "But if I'm going to be working just to give it back to the government -- it's de-motivating and demoralizing."
]]> http://seekingalpha.com/article/122467-tuesday-outlook-commodities-emerging-markets?source=feed#comment-410920 410920 The country needs leaders in politics, to get voted in, and articulate conservative values and lead.
- people creat jobs, not government
- its our money, not theirs
- the folks carrying the water should be be penalized, so they can create jobs for the ones now only drinking the water
- NO ONE IS "ENTITLED" TO ANYTHING THEY DON'T EARN; we need to address the budget, there is no way we can lower the national debt otherwise
- increasing the marginal rates ( soak the rich ) has NEVER worked; the idea is to increase tax revenues, to bring more money in. The rich know how to avoid higher taxes; expand out of country; don't expand ( to hell with you ); exploit the 21K page tax code
- Obama's plan will crush the economy, crush job creation, crush tax revenues.

You can complain all you like about Reagan or the idiot Bush ( I agree, he was an idiot ), but they weren't Jimmy Carter or socialists.


On Mar 03 09:16 AM Sentinel wrote:

> True patio.......
>
> But how come with with Republicans in power for most of the last
> 25 years, with voices on the airwaves like Rush Limbaugh, Laura Ingraham,
> Sean Hannity, Neil Boortz....Hell... for that matter Fox news......
>
>
> How come we are losing? What is it that the Republicans are failing
> to articulate?
>
> Or could it be that Republicans have for too long been in bed sleeping
> with the Democrats to the point that this mass of uneducated American
> Sheeple really do not see a difference between the two except that
> Democrats are HONEST about stealing your money and forwarding their
> agenda of socialism and the Republicans simply want to do it on a
> much slower basis all the while giving their Wall Street Whores all
> the Corporate Socialism they could ever want.....(TARP under Bush/Bernanke/Paulson
> anyone?)
> ]]> Tue, 03 Mar 2009 09:35:13 -0500 The country needs leaders in politics, to get voted in, and articulate conservative values and lead.
- people creat jobs, not government
- its our money, not theirs
- the folks carrying the water should be be penalized, so they can create jobs for the ones now only drinking the water
- NO ONE IS "ENTITLED" TO ANYTHING THEY DON'T EARN; we need to address the budget, there is no way we can lower the national debt otherwise
- increasing the marginal rates ( soak the rich ) has NEVER worked; the idea is to increase tax revenues, to bring more money in. The rich know how to avoid higher taxes; expand out of country; don't expand ( to hell with you ); exploit the 21K page tax code
- Obama's plan will crush the economy, crush job creation, crush tax revenues.

You can complain all you like about Reagan or the idiot Bush ( I agree, he was an idiot ), but they weren't Jimmy Carter or socialists.


On Mar 03 09:16 AM Sentinel wrote:

> True patio.......
>
> But how come with with Republicans in power for most of the last
> 25 years, with voices on the airwaves like Rush Limbaugh, Laura Ingraham,
> Sean Hannity, Neil Boortz....Hell... for that matter Fox news......
>
>
> How come we are losing? What is it that the Republicans are failing
> to articulate?
>
> Or could it be that Republicans have for too long been in bed sleeping
> with the Democrats to the point that this mass of uneducated American
> Sheeple really do not see a difference between the two except that
> Democrats are HONEST about stealing your money and forwarding their
> agenda of socialism and the Republicans simply want to do it on a
> much slower basis all the while giving their Wall Street Whores all
> the Corporate Socialism they could ever want.....(TARP under Bush/Bernanke/Paulson
> anyone?)
> ]]> http://seekingalpha.com/article/122467-tuesday-outlook-commodities-emerging-markets?source=feed#comment-410842 410842 We will either wrest the country back soon, or we are doomed for decades.


On Mar 03 04:37 AM Schweizer wrote:

> The Obama budget was the trigger. It suppresses economic activity
> rather than promotes it, and it punishes anyone trying to make a
> profit through increased taxation to feed an ever increasing government.
> This is the exact opposite of what's needed.
>
> I didn't think he was that stupid, but I am obviously wrong.]]> Tue, 03 Mar 2009 09:03:13 -0500 We will either wrest the country back soon, or we are doomed for decades.


On Mar 03 04:37 AM Schweizer wrote:

> The Obama budget was the trigger. It suppresses economic activity
> rather than promotes it, and it punishes anyone trying to make a
> profit through increased taxation to feed an ever increasing government.
> This is the exact opposite of what's needed.
>
> I didn't think he was that stupid, but I am obviously wrong.]]> http://seekingalpha.com/article/123799-how-will-this-depression-differ-from-previous-ones?source=feed#comment-410664 410664 Another incredibly boring one-trick pony yawner.]]> Tue, 03 Mar 2009 07:26:53 -0500 Another incredibly boring one-trick pony yawner.]]> http://seekingalpha.com/article/123498-stock-markets-likely-to-fall-further?source=feed#comment-409130 409130 Mon, 02 Mar 2009 09:16:27 -0500 http://seekingalpha.com/article/123337-what-happened-to-the-change-we-need?source=feed#comment-407888 407888 Written by Star Parker - an African American Columnist.

----------------------...

Six years ago I wrote a book called Uncle Sam's Plantation. I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas -- a poor America on socialism and a wealthy America on capitalism.

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

A vast sea of perhaps well-intentioned government programs, all initially set into motion in the 1960s, that were going to lift the nation's poor out of poverty.

A benevolent Uncle Sam welcomed mostly poor black Americans onto the government plantation. Those who accepted the invitation switched mindsets from "How do I take care of myself?" to "What do I have to do to stay on the plantation?"

Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems -- the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.

The legacy of American socialism is our blighted inner cities, dysfunctional inner city schools, and broken black families.

Through God's grace, I found my way out. It was then that I understood what freedom meant and how great this country is.

I had the privilege of working on welfare reform in 1996, passed by a Republican Congress and signed 50 percent.

I thought we were on the road to moving socialism out of our poor black communities and replacing it with wealth-producing American capitalism.

But, incredibly, we are going in the opposite direction.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, "Thank you, Suh."

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday of Abraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus.

"This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, healthcare, and education."

Perhaps more incredibly, Obama seems to think that government taking over an economy is a new idea. Or that massive growth in government can take place "with unprecedented transparency and accountability."

Yes, sir, we heard it from Jimmy Carter when he created the Department of Energy, the Synfuels Corporation, and the Department of Education.

Or how about the Economic Opportunity Act of 1964 -- The War on Poverty -- which President Johnson said "...does not merely expand old programs or improve what is already being done. It charts a new course. It strikes at the causes, not just the consequences of poverty."

Trillions of dollars later, black poverty is the same. But black families are not, with triple the incidence of single-parent homes and out-of-wedlock births.

It's not complicated. Americans can accept Barack Obama's invitation to move onto the plantation. Or they can choose personal responsibility and freedom.

Does anyone really need to think about what the choice should be?



On Mar 01 07:56 AM candyland wrote:

> i am so tired of people trying to pick, pick, pick with Obama. First
> of all he must be representing most of the American Population, For
> the simple fact that he is Now president. Things take time. It took
> Bush eight years to steal the white house and mess it all up and
> sacrifice many american soldiers lives. But hey what can you do.
> Talk about that for a while instead of PASSING the blame onto OBAMA.
> If you wil remember correctly he did predict articles like this before
> he was even elected. He KNEW he was walking into hell on earth, and
> I say Thank God for him. A I say Thank God we finally have a recent
> president that has a backbone, Goodbye Jellyfish.]]> Sun, 01 Mar 2009 11:25:57 -0500 Written by Star Parker - an African American Columnist.

----------------------...

Six years ago I wrote a book called Uncle Sam's Plantation. I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas -- a poor America on socialism and a wealthy America on capitalism.

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

A vast sea of perhaps well-intentioned government programs, all initially set into motion in the 1960s, that were going to lift the nation's poor out of poverty.

A benevolent Uncle Sam welcomed mostly poor black Americans onto the government plantation. Those who accepted the invitation switched mindsets from "How do I take care of myself?" to "What do I have to do to stay on the plantation?"

Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems -- the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.

The legacy of American socialism is our blighted inner cities, dysfunctional inner city schools, and broken black families.

Through God's grace, I found my way out. It was then that I understood what freedom meant and how great this country is.

I had the privilege of working on welfare reform in 1996, passed by a Republican Congress and signed 50 percent.

I thought we were on the road to moving socialism out of our poor black communities and replacing it with wealth-producing American capitalism.

But, incredibly, we are going in the opposite direction.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, "Thank you, Suh."

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday of Abraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus.

"This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, healthcare, and education."

Perhaps more incredibly, Obama seems to think that government taking over an economy is a new idea. Or that massive growth in government can take place "with unprecedented transparency and accountability."

Yes, sir, we heard it from Jimmy Carter when he created the Department of Energy, the Synfuels Corporation, and the Department of Education.

Or how about the Economic Opportunity Act of 1964 -- The War on Poverty -- which President Johnson said "...does not merely expand old programs or improve what is already being done. It charts a new course. It strikes at the causes, not just the consequences of poverty."

Trillions of dollars later, black poverty is the same. But black families are not, with triple the incidence of single-parent homes and out-of-wedlock births.

It's not complicated. Americans can accept Barack Obama's invitation to move onto the plantation. Or they can choose personal responsibility and freedom.

Does anyone really need to think about what the choice should be?



On Mar 01 07:56 AM candyland wrote:

> i am so tired of people trying to pick, pick, pick with Obama. First
> of all he must be representing most of the American Population, For
> the simple fact that he is Now president. Things take time. It took
> Bush eight years to steal the white house and mess it all up and
> sacrifice many american soldiers lives. But hey what can you do.
> Talk about that for a while instead of PASSING the blame onto OBAMA.
> If you wil remember correctly he did predict articles like this before
> he was even elected. He KNEW he was walking into hell on earth, and
> I say Thank God for him. A I say Thank God we finally have a recent
> president that has a backbone, Goodbye Jellyfish.]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-407742 407742 He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.
That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.
Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-an... program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.
This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.
Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.
And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers.Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.
The tax hikes will generate lower growth and fewer revenues. Yes, the economy will recover. But Obama’s rosy scenario of 4 percent recovery growth in the out years of his budget is not likely to occur. The combination of easy money from the Fed and below-potential economic growth is a prescription for stagflation. That’s one of the messages of the falling stock market.
Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.
Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.
There is a growing sense of buyer’s remorse.
Well then, do conservatives dare say: We told you so
]]> Sun, 01 Mar 2009 09:52:54 -0500 He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.
That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.
Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-an... program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.
This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.
Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.
And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers.Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.
The tax hikes will generate lower growth and fewer revenues. Yes, the economy will recover. But Obama’s rosy scenario of 4 percent recovery growth in the out years of his budget is not likely to occur. The combination of easy money from the Fed and below-potential economic growth is a prescription for stagflation. That’s one of the messages of the falling stock market.
Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.
Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.
There is a growing sense of buyer’s remorse.
Well then, do conservatives dare say: We told you so
]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-407733 407733 ]]> Sun, 01 Mar 2009 09:48:08 -0500 ]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-407729 407729
----------------------...

Six years ago I wrote a book called Uncle Sam's Plantation. I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas -- a poor America on socialism and a wealthy America on capitalism.

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

A vast sea of perhaps well-intentioned government programs, all initially set into motion in the 1960s, that were going to lift the nation's poor out of poverty.

A benevolent Uncle Sam welcomed mostly poor black Americans onto the government plantation. Those who accepted the invitation switched mindsets from "How do I take care of myself?" to "What do I have to do to stay on the plantation?"

Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems -- the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.

The legacy of American socialism is our blighted inner cities, dysfunctional inner city schools, and broken black families.

Through God's grace, I found my way out. It was then that I understood what freedom meant and how great this country is.

I had the privilege of working on welfare reform in 1996, passed by a Republican Congress and signed 50 percent.

I thought we were on the road to moving socialism out of our poor black communities and replacing it with wealth-producing American capitalism.

But, incredibly, we are going in the opposite direction.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, "Thank you, Suh."

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday of Abraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus.

"This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, healthcare, and education."

Perhaps more incredibly, Obama seems to think that government taking over an economy is a new idea. Or that massive growth in government can take place "with unprecedented transparency and accountability."

Yes, sir, we heard it from Jimmy Carter when he created the Department of Energy, the Synfuels Corporation, and the Department of Education.

Or how about the Economic Opportunity Act of 1964 -- The War on Poverty -- which President Johnson said "...does not merely expand old programs or improve what is already being done. It charts a new course. It strikes at the causes, not just the consequences of poverty."

Trillions of dollars later, black poverty is the same. But black families are not, with triple the incidence of single-parent homes and out-of-wedlock births.

It's not complicated. Americans can accept Barack Obama's invitation to move onto the plantation. Or they can choose personal responsibility and freedom.

Does anyone really need to think about what the choice should be?
]]> Sun, 01 Mar 2009 09:45:23 -0500
----------------------...

Six years ago I wrote a book called Uncle Sam's Plantation. I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas -- a poor America on socialism and a wealthy America on capitalism.

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

A vast sea of perhaps well-intentioned government programs, all initially set into motion in the 1960s, that were going to lift the nation's poor out of poverty.

A benevolent Uncle Sam welcomed mostly poor black Americans onto the government plantation. Those who accepted the invitation switched mindsets from "How do I take care of myself?" to "What do I have to do to stay on the plantation?"

Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems -- the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.

The legacy of American socialism is our blighted inner cities, dysfunctional inner city schools, and broken black families.

Through God's grace, I found my way out. It was then that I understood what freedom meant and how great this country is.

I had the privilege of working on welfare reform in 1996, passed by a Republican Congress and signed 50 percent.

I thought we were on the road to moving socialism out of our poor black communities and replacing it with wealth-producing American capitalism.

But, incredibly, we are going in the opposite direction.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, "Thank you, Suh."

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday of Abraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus.

"This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, healthcare, and education."

Perhaps more incredibly, Obama seems to think that government taking over an economy is a new idea. Or that massive growth in government can take place "with unprecedented transparency and accountability."

Yes, sir, we heard it from Jimmy Carter when he created the Department of Energy, the Synfuels Corporation, and the Department of Education.

Or how about the Economic Opportunity Act of 1964 -- The War on Poverty -- which President Johnson said "...does not merely expand old programs or improve what is already being done. It charts a new course. It strikes at the causes, not just the consequences of poverty."

Trillions of dollars later, black poverty is the same. But black families are not, with triple the incidence of single-parent homes and out-of-wedlock births.

It's not complicated. Americans can accept Barack Obama's invitation to move onto the plantation. Or they can choose personal responsibility and freedom.

Does anyone really need to think about what the choice should be?
]]> http://seekingalpha.com/article/123284-to-create-jobs-quickly-capitalize-small-business-lenders?source=feed#comment-406892 406892 Obama's proposed multi-year spree if enacted will ruin this country for years.
Tax increases on small business? Insane at this point. The super rich he targets have armies of lawyers to avoid such increases. His plan will never lead to increased tax revenues, just more unemployment.
But thats what he wants, more people behoding to the government, and more power to the socialists.We inch closer and closer to the european nanny state every day.
Clintons socailist health care bill lead to an upheaval in Democrat losses in Congress two years later- we had better wake up and do the same.


On Feb 28 08:51 AM know nothing wrote:

> Let the buisness cycle run it's coarse, let the laws of supply and
> demand rule over the economy, shake out the weak. When the natural
> buisness cycle flushes all the sh*t down the financial drain, then
> our economy will have a fresh start, and actually be able to sustain
> economic growth again.
>
> This bailout nonsense is "NUTS".]]> Sat, 28 Feb 2009 09:29:32 -0500 Obama's proposed multi-year spree if enacted will ruin this country for years.
Tax increases on small business? Insane at this point. The super rich he targets have armies of lawyers to avoid such increases. His plan will never lead to increased tax revenues, just more unemployment.
But thats what he wants, more people behoding to the government, and more power to the socialists.We inch closer and closer to the european nanny state every day.
Clintons socailist health care bill lead to an upheaval in Democrat losses in Congress two years later- we had better wake up and do the same.


On Feb 28 08:51 AM know nothing wrote:

> Let the buisness cycle run it's coarse, let the laws of supply and
> demand rule over the economy, shake out the weak. When the natural
> buisness cycle flushes all the sh*t down the financial drain, then
> our economy will have a fresh start, and actually be able to sustain
> economic growth again.
>
> This bailout nonsense is "NUTS".]]> http://seekingalpha.com/news/market_currents/post/18270?source=feed#comment-399148 399148 Yeah, thats quite the slash.]]> Sun, 22 Feb 2009 17:58:28 -0500 Yeah, thats quite the slash.]]> http://seekingalpha.com/article/121833-inflation-demand-destruction-and-wealth-erosion-trump-money-growth?source=feed#comment-398146 398146 The money the Fed has "printed" is not in circulation, because it's buried in banks, and they are hoarding it ( not really, they are just back to sound lending principles, but more importantly there are no borrowers ).
Businesses surely do not need money to expand into a contracting economy, and the consumer is tap city, we have all the non-discretionary crap we need,err, not need, but wanted.
Game over.


On Feb 21 08:20 PM philais wrote:

> So, basically you're saying that the definition of inflation is the
> increased supply of money. And, that money is being destroyed faster
> than the Fed, Treasury and the government can put it back into circulation.
>
>
> Therefore, no inflation. Yes?]]> Sat, 21 Feb 2009 20:40:33 -0500 The money the Fed has "printed" is not in circulation, because it's buried in banks, and they are hoarding it ( not really, they are just back to sound lending principles, but more importantly there are no borrowers ).
Businesses surely do not need money to expand into a contracting economy, and the consumer is tap city, we have all the non-discretionary crap we need,err, not need, but wanted.
Game over.


On Feb 21 08:20 PM philais wrote:

> So, basically you're saying that the definition of inflation is the
> increased supply of money. And, that money is being destroyed faster
> than the Fed, Treasury and the government can put it back into circulation.
>
>
> Therefore, no inflation. Yes?]]> http://seekingalpha.com/article/121833-inflation-demand-destruction-and-wealth-erosion-trump-money-growth?source=feed#comment-398139 398139 But there are very few borrowers; this is the side of the equation the inflationistas just refuse to accept or see. With $15-30T of true wealth destruction, horrendous cash flow reduction ( un- and under-employment ), and the new rules to qualify, the money is not and will not be flowing into the economy for a long time.
The inflatonistas believe the givernment can force spending, it can't. They believe the gov can spend enough directly to compensate for the lack of consumer spending, it can't even come close.
Gold has risen to the degree it has, not due to inflation fears, but by flight to safety ( one can argue the merits, but thats for another day ).
T-bills are still selling, with very low yields. Why? Flight to safety, yes of course, but also because with deflation factored in for years, any yield is money-making.
The dollar is strong vs. other currencies.
Deflation is here, that cannot be argued, and like the author I see no swing back to inflation for quite some time.]]> Sat, 21 Feb 2009 20:19:15 -0500 But there are very few borrowers; this is the side of the equation the inflationistas just refuse to accept or see. With $15-30T of true wealth destruction, horrendous cash flow reduction ( un- and under-employment ), and the new rules to qualify, the money is not and will not be flowing into the economy for a long time.
The inflatonistas believe the givernment can force spending, it can't. They believe the gov can spend enough directly to compensate for the lack of consumer spending, it can't even come close.
Gold has risen to the degree it has, not due to inflation fears, but by flight to safety ( one can argue the merits, but thats for another day ).
T-bills are still selling, with very low yields. Why? Flight to safety, yes of course, but also because with deflation factored in for years, any yield is money-making.
The dollar is strong vs. other currencies.
Deflation is here, that cannot be argued, and like the author I see no swing back to inflation for quite some time.]]> http://seekingalpha.com/article/121698-four-issues-keeping-a-lid-on-stocks?source=feed#comment-396223 396223

On Feb 20 07:48 AM Steve in Greensboro wrote:

> There is a fifth issue pushing stocks lower. For the next two years,
> leftists have control of both the U.S. Executive and Legislative
> branches. In the first month, they have passed legislation that is
> absurdly expensive and wildly anti-capitalist. They have promised
> to pass more, including union-card-check, carbon taxes, nationalized
> healthcare, higher income taxes, etc.
>
> Prudent businessmen and prudent investors will wait out the next
> couple of years. And hope for better days in the future.]]> Fri, 20 Feb 2009 08:18:20 -0500

On Feb 20 07:48 AM Steve in Greensboro wrote:

> There is a fifth issue pushing stocks lower. For the next two years,
> leftists have control of both the U.S. Executive and Legislative
> branches. In the first month, they have passed legislation that is
> absurdly expensive and wildly anti-capitalist. They have promised
> to pass more, including union-card-check, carbon taxes, nationalized
> healthcare, higher income taxes, etc.
>
> Prudent businessmen and prudent investors will wait out the next
> couple of years. And hope for better days in the future.]]> http://seekingalpha.com/article/121508-there-s-a-whiff-of-reflation-in-the-air?source=feed#comment-395348 395348 Do you even look at exchange rates?



On Feb 19 12:58 PM Dave Wrixon wrote:

> We are simply talking debasement of the currency.
>
> It astonishes me how so few how woken up to this basic reality.]]> Thu, 19 Feb 2009 13:27:46 -0500 Do you even look at exchange rates?



On Feb 19 12:58 PM Dave Wrixon wrote:

> We are simply talking debasement of the currency.
>
> It astonishes me how so few how woken up to this basic reality.]]> http://seekingalpha.com/article/121392-stocks-are-cheap?source=feed#comment-394707 394707 Thu, 19 Feb 2009 08:15:33 -0500