patio

Wall Street Is Short Barack Obama

Bravo, well played.


On Mar 06 11:11 AM moronicsocialistidiot wrote:

> Who you calling socialist?

Wall Street Is Short Barack Obama

This guy spells it out better
online.wsj.com/article...

Wall Street Is Short Barack Obama

Hardly. Fear is just an emotion. This adminstation is fostering facts:
- 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

Market Death Spiral Continues

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.
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

Market Death Spiral Continues

Obama's socialism, cronyism, wasteful spending to buy future votes is treasonous, in a time of crisis. If we do not rise up, and replace democrats ( with true conservatives, not the jackal Republicans we now have ), we will bring this country down for decades.

Market Death Spiral Continues

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?

Four Issues Keeping a Lid on Stocks

This is absolutely accurate. The porkulus package is leftist politics to the extreme, Jefferson would call it treason. In a time of crisis, the leftists have blatantly spent hundreds of billions on cronyism ( ACORN; unions; all the usual suspects ). The American people are indeed sheep to be shorn, such a travesty.


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.

Stocks Are Cheap

Three articles screaming stocks are cheap in one day? Desperate to find some greater fools, Toro?

Wall Street's Response to Obama's Economic Policy

The author believes our idiot government officials can spend our money, our money, better than we can.
Our ridiculous tax code should be thrown out tomorrow, and replaced with some kind of super-simple flat tax, and perhaps a national sales tax ( suspended until economy turns around, though ).
Our corporate taxes are the second worst in the world; that more than any other issue drives companies off shore.
Obama, inheriting a horrendous problem, shows his leadership by delegating the solution to Pelosi and reid, and the other band of porkers.
Why did he assemble his economic advisory staff, and then turn the problem over to the Stooges?
Until the electorate wakes up, and takes back the country from these no-nothing pols, we are in deep trounble.

Are We Already in a Depression?

The BDI is at 1600, down from its high of 11,000-ish, but off the floor of like 660. I think I read somewhere at the absolute bottom things were dead stymied while companies with letters of credit, that normally sufficed, weren't having goods released due to the panic of the situation.
Any shippers out there?


On Feb 08 07:34 AM Dave Wrixon wrote:

> If the Baltic Dry Index is up then that suggests trade volumes and
> particularly commodities are increasing or at least likely to increase.
>
>
> So who is using this capacity? Is it for booming exports from the
> US or indeed for renewed demand in the US for imports from abroad.
>
>
> Or is it just possible that the there is a level of decoupling of
> World Economies after all?

Next Two Weeks Will Determine the Path of the Market

What a ridiculous article. There are so many macro events that could occur any day, week, or month that can change the course of history, let alone market direction.

Economy in Crisis: Three Bears and a Missing Goldilocks

Geez, you were doing so well, until your brain cramped. We have a total melt-down in demand, from loss of wealth effect, loss of cash flow ( unemployment and under-employment ), the purchase forward effect ( we already have houses and garages full of stuff ), but now we face future inflation because of Victory cards?
Puh-leeze.
The whole article ends up being an advertisement for your firms "advice', for thriving in this not-to-exist future.

Let's Just Say It: Print More Money

Amen, couldn't have said it better. We are in the middle of a giant inflated ballon, and being stretched to its maximum, leaks are sringing up everywhere, as they should. The solution isn't to go get more giant pumps to inflate the bastard thing even more beyond its capacity, twill just make the eventual pop that much more damaging.


On Jan 23 08:09 AM Andy1234 wrote:

> This article is garbage and is one of the problems with society and
> our government.
>
> money in itself is not wealth. its debt. A fractional reserve system
> is a debt based system....so going deeper and deeper into debt gets
> what?
>
> If there isn't an expansion in production.....printin... money just
> steals value from the existing dollars in the system......so we basically
> screw every retiree in the process?
>
> Get your head out of your ass and create wealth. A printing press....or
> a computer where you keep hitting 0000000's does not create wealth.
> The problem is....we already did the whole creating money out of
> thin air thing....and this is where it got us. Government intervention
> into the free markets got us here.
>
> The free market is saying......slow the F down with this money creation
> thing.....and let's get back to reality. Wages are growing at much
> slower pace than everything around it.....and in reality....this
> is not sustainable.
>
> Wealth is created when one increases thier purchasing power.....when
> one can buy more value than before.....you are just saying that the
> dollar value may remain flat or go up.....but the value is left out.....if
> the dollar prices go up....and your purchasing power goes down...whats
> the point?

Why Are Investors Swallowing the Deflation Myth?

I'd rather listen to Irving Fisher, who Milton Friedman and others believed to be the most brilliant of US economists. He stated that debt deflation, when severe, would entail massive wealth destruction, check, income, check,and spending, check. He contends that in such an occurence, fiscal and monetary becomes impotent. It is impossible to solve a debt and insolvency issue with more debt. He further contended that monetary policy revolves around the ability to initiate a new round of lending and borrowing. Lenders must be able to lend ( and willing ), and borrowers must be ABLE and WILLING to borrow.
Aint happening.


On Jan 21 01:50 PM John Polomny wrote:

> Did you read Mr. Kings paper? Inflation is the one outcome that the
> Central bank can 100% ensure. Do not sit here and tell me the FED
> cannot create inflation as they did it in the 1930's. The money supply
> went from around $20 billion in 1933 to around $30 billion in 1936.
> PPI went from around 10 to about 15 over the same time period. The
> DJIA went from around 100 to about 150 from 1933 to 1936. This is
> consistent with Mr. King's assertions in his paper. This was not
> real economic growth because if you look at the data you will see
> that beginning in 1937 the monetary spigot was shut off and all of
> the above indicaters went into reverse. You are confusing the time
> lag in the application of the policy with a failure in the policy.
> You can go to the St. Louis Fed website and look at the monetary
> aggregates they are published every week and they are up over 10%
> year over year.

Why Are Investors Swallowing the Deflation Myth?

To date, the losses in housing value and stocks equals $10T, expected to be $12T by mid-2009. $12T of wealth, poof. Thats just in the US, now add in global wealth losses.
Now explain to me how the Fed, and other central banks globally are going to print enough money, that actually goes beyond banks into the system, to replace that lost money?
Everything being done is to avoid a car wreck, while choosing cancer instead, and hoping the chemo over time cures the cancer. The Fed doesn't have the power to resolve decades of easy credit, and the over-leveraging malaise it has created. Perhaps the power to soften the crash...perhaps.


On Jan 21 11:27 AM John Polomny wrote:

> Everytime that one of these articles comes out I post a link to Mervyn
> King's (Former UK Central Banker) research paper 'No money, No Inflation"
> I always get many more thumbs down but I wonder if anyone ever reads
> it. The paper shows that in a fractional reserve type system that
> creating inflation has been done many times in many countries over
> the years, usually with a time lag, and can be done by the US and
> UK central banks. This article is exactly correct in that the central
> bank can create money out of thin air and directly buy assets. The
> Fed has committed to buying $500 billion in MBS securities and who
> knows how many treasury bonds. Thats why the yeilds on these have
> come in. With productive capacity contracting and money being created
> (all money aggregates MZM, TMS, M1, M2 are up) of course prices will
> eventually move higher.