stevendedalus

Plan Orange: Killing the Mortgage Crisis Quickly

"What happens if five or ten years or 15 years of payments on a mortgage create no wealth for the payer?" It is a myth that it creates wealth in the first place; at best you will simply stay even with the inflationary spiral over the years. No one expects another expensive purchase, a car, to bring wealth--except perhaps for business--the best you can hope for is a decent resale.

Obama's Plan Goes Beyond a Reasonable Stimulus

Since it's tax time, why not simply encourage e-filing to rush the refunds and IRS to add 50% to the check; those who owe should be able to deduct 30% of obligation, or the IRS to mail back a 30% rebate.

The Bull Case for Hedge Funds (Yes, Hedge Funds)

"This growth will come at the expense of the mutual fund industry and wealth management."
Yeah, no new money just lay waste to the unwashed mutual funds!" If they're so great why are they also in deep trouble? It's just another aristocratic means to exclusivity--as bad as partnerships. You're deceiving yourself into thinking hedge funds are any better than mutual funds which most try to avoid exotic, exclusive investments. Why don't they come to the rescue of GM--which will again be a powerhouse? No, real issue investments in things that matter the most to the nation are foreign to them. Enjoy, you're new born again religion while you can because eventually investors will tire of handing them 20% of their gains.

Resuscitating Keynes: Oh No, Not Again!

"complete arbitrary uses of taxpayer money is a recipe for disaster." I shouldn't worry; after all, it's not our taxpayers but China's that are at risk.

With a name Delay--I trust she's not related to the Hammer--she falls back on conservative delaying action to wait for the free market to make amends. Nonsense, throwing out the rascals will only bring in more rascals to engender greater harm to the common good, which to the free market adherents is an anathema. At least the heavy hand of governance in bailing out the shattered economy will set up tough guidelines to ensure against Ponzi profit aggrandizement for the sake of a handful of notorious traders and investment financiers, who still vilify FDR and smarter government, at the expense of building a viable nation for all to share in its wealth.

Monthly Consumption Growth: Highest in Seven Years

Charts and graphs are notorious for bending the rules. The fact still remains the economy is hurting and magical analses will not palliate retailers who are closing their doors.

The Biggest Problem Detroit's Big Three Face

If we let the Big Three fail we are ingrates. The auto industry long ago spearheaded the middle class. If we leave the industry to Japan and Korea what happens to national defense. Have we forgotten the tremendous role the Big Three played in mobilizing tanks and millions of supportive vehicles during WWII?