tonym

The Greatest Depression Is Coming

> I am not a conspiracy theorist but I do believe Obama is a Marxist.
> they will set aside their liberty for comfort, especially when they
> think someone else is paying for it.

The Democratic Party is what has become Marxist. Obama may be also, but the party is way more important. If the middle of the party had any influence Obama would be standing there too.

Essay on Macroeconomics: Where Krugman Fails

Socialism: theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

On Sep 07 04:45 PM American in Paris wrote:

> Anyone who calls Krugman a socialist reveals themself to be a Neanderthal
> right winger.

Paychex: A Growth Machine

The reason THIS recession is different and will not follow the historical norms is because of the "big middleman" effect. Governments around the globe are intervening in commerce in direct and indirect ways at an increasing rate. They are making growth difficult and job growth even more difficult.

Ginnie Mae CEO Resigns: We Saw It Coming

<<enjoy watching political collectivists, in fact most politicians, self-destruct. Their reach for power always exceeds their intellectual grasp. >> Absolutely true.

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

"Finally, the real economic impact is actually a boon insofar as it leverages the purchase from the consumer four or five to one at minimum, produceing local sales tax, jobs, distribution, recycling, future warranty work etc. I think your article is politically motivated, untruthful, and flat out wrong. "

Presenting valid numbers is not "political." This program might have benefits for our struggling economy. Incentives are a good idea. But the cost of this program is excessive like most government interference. Debt is going to destroy the government itself as it is doing in California. Those benefits could easily be duplicated by significant tax deductions for purchasing the new vehicles.

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

> They were supposed to have $1 Billion to work with. So only 1/10th > of the money has been spent, and another 1/10th is in process. So > what happened to the other 80% of that Billion?

This is the problem with government doing anything. One dollar gets 10 cents of service.

The Proposal to Limit Commodity Positions Will Hurt Free Markets and Economic Growth

Socialists don't do this on television anymore.



> Are you trying to imply that oil hit $140 because of supply and demand
> They should
> be lined up against the wall and shot on national televsion.

'The Crash of 2008 and What It Means' by George Soros

On Jul 11 08:30 PM joes wrote:

> For us followers of Reflexivity watching Alan Greenspan admit >that his Ayn Rand theories were inferior and wrong.

I can't make sense of this sentence. Greenspan gave up on using Ayn Rand theories when he started supporting socialist politcies of the Democratic Party anyway.

No One Saw This Economic Crisis Coming?

Fireball is right. It all was obvious. Keynes somehow leads armies of professors who become economic advisors to produce complex equations that figure out how everything is OK if you spend more than you can make and confiscate from the productive. Maybe the brilliance of Keynes(or Krugman) is that their theories allow politicians to take steps to postpone the inevitable while redistributing in the name of caring and getting votes.
On Jul 12 09:17 AM fireball wrote:
> in the early 90s i saw massive debt, massive corruption in >business and politics, and a complete lack of integrity in our >media. i was just amazed the house of cards didn't tumble >sooner. there was little i could do on a national level. there was >much i could do on a personal level. on the national level the best >thing i can see is to work on a constitutional party and to try to >starve the bloated parasite of government.

Employment Report: The Never-Changing Story

Government needs to simply reduce costs for entrepreneurs so job creation can occur. Tweaking and managing is cost. Higher costs causes entrepreneurs to hire less. It is that simple. You can't have a managed economy and lower costs. Bureaucrats are costs. Even the President who is looking more socialist every week said America has had strong growth because of entrepreneurs.

What Went Wrong with California, New York, and New Jersey?

Someone tell Paul Krugman, Obama and Pelosi that Spain has over 20% unemployment along with that economic model that they want the US to emulate.


On Jun 28 03:12 PM Jimbo wrote:

> Somebody please tell VennData that Europe is NOT c oming out of the
> depression faster than we are. Their industrial production and rate
> of export is worse than ours. For those of you enthralled by the
> "chinese model" please note that millions of young Chinese live in
> factory dormitories, eat factory cafeteria food and may earn 25 cents
> an hour to send to their home village.

What Went Wrong with California, New York, and New Jersey?

The good thing about Cali is that the state will soon fail and may take "Progressive Liberalism" with it.


On Jun 28 04:07 PM Mad Hedge Fund Trader wrote:

> the system is clearly broken. As the California budget battle reaches
> white hot temperatures, Fitches has cut the rating on the state’s
> debt to A-, and placed it on “credit watch”, a warning of further
> downgrades. The move is a delayed recognition of reality, as is the
> rating agency industry’s practice. The legislature tried, but failed
> to pass $12 billion in budget cuts, which governor Arnold Schwarzenegger
> said he would veto anyway, because they didn’t meet the full $24
> billion tab. In the package were increases in motor vehicle registration
> fees, $1.50 a pack in additional tobacco taxes, cancellation of health
> insurance for one million children, a production tax of 9.9% for
> in-state pumped crude oil, the firing of thousands of teachers, firefighters,
> policemen, and probation officers, and more smoke and mirrors accounting
> shenanigans that kick the can into the future. Some of the changes
> were only possible through a redefinition of the English language
> that turned “taxes” into “fees.”As California goes, so goes the nation,
> as many states will follow the Golden State into financial Armageddon.
> In a new era of soaring unemployment, restrained consumption, high
> savings, and crashing stock and property prices, states dependant
> on taxes on incomes, sales, capital gains, and property appraisals
> don’t do well. Make sure those muni bonds are insured. Why do I get
> the sickening feeling that I am watching a rerun of Thelma and Louis?

What Went Wrong with California, New York, and New Jersey?

China is the Low Cost Region and their companies can be more competitive because workers are paid less.

On Jun 28 09:45 AM Glen L. wrote:

> VennDetta: "China has state-controlled "everything" and 40% tax rates,
> their growth rates are great."
>
> Not true, there is far more economic freedom in China now than in
> the U.S. The Communists finally gave up after creating one of the
> poorest societies in the world over a period of 5 decades. It's far
> easier to start a business in Beijing than in New York or Los Angeles.
>
>
> john s. gordon: Delaware also has drawn in thousands of corporations
> that DO have operations in the state due to low corporate taxes and
> other benefits. Furthermore, many other states have draconian penalties
> for businesses that get caught setting up corporate shells in Delaware.
>
>
> It's incredible to me that anyone would still argue the point. Government
> is everywhere and always a parasite on the economy. Governments make
> nothing but trouble and are the only real impediment to worldwide
> prosperity. Many in the U.S. continue to believe that government
> is necessary to protect our freedoms, but what they do is the exact
> opposite: destruction of freedom, economic and otherwise.

Commodities Today: The Correction Has Arrived

Incredible post.


On Jun 20 07:06 AM dcb wrote:

> Cetin, why don't you and this troll get together. Both putting their
> crap on line and changing their profile to try and fool people. You
> understand the low life types you are associating with by your behavior
> I hope.
>
> also it isn't going to fool anyone you going around giving yourself
> a thumbs up on your own posts with different names.
>
> o jewCRASHED ...:
> o Comments (37)
> o Follow
> o • Website: www.mkapital.com
> .

The Cost of Capitalism, by Robert J. Barbera

While no one has has argued that the financial system should not be saved, there are many who want guarantees.