sether's Comments sether's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/326116/comments Long Term Budget Problems? Obama Inherited Them http://seekingalpha.com/article/178609-long-term-budget-problems-obama-inherited-them?source=feed#comment-809974 809974 Reagan's was the first administration to completely abandon any attempt to balance the budget, and instead use deficit spending as a political tool (unfunded tax cuts, huge military spending, etc). We never had a year with a balanced budget again, until Clinton, and he got lucky.]]> Thu, 17 Dec 2009 07:56:42 -0500 Reagan's was the first administration to completely abandon any attempt to balance the budget, and instead use deficit spending as a political tool (unfunded tax cuts, huge military spending, etc). We never had a year with a balanced budget again, until Clinton, and he got lucky.]]> Grantham on the Financial 'Titanic' http://seekingalpha.com/article/171830-grantham-on-the-financial-titanic?source=feed#comment-748254 748254 There is no free market utopia. All Utopias are fiction, usually based on the writings and fantasy of some naive mind. Whenever 'free' markets are shown to have produced results contrary to their ideals, Libertarians will always make the self-stultifying arguement that market conditions were not truly 'free'. There are no truly free markets, and never will be. This is a faith, exalting the numinous, ignoring reality. It's also annoying.

On Nov 06 11:16 AM John Galt wrote:

> Failure is what makes America great.
>
> Bad businesses go out of business, and they are replaced by better
> run businesses. Good businesses expand... In all fairness, the ones
> that go under aren't "bad". They just don't propertly allocate resources
> and serve the market the way customers want.
>
> Government doesn't work this way. When a government program failes
> ... like schools, medicare, medicade, social security, freddie, fannie
> etc.etc. etc. They don't fail, but in fact they ask for MORE money.]]>
Fri, 06 Nov 2009 12:39:02 -0500 There is no free market utopia. All Utopias are fiction, usually based on the writings and fantasy of some naive mind. Whenever 'free' markets are shown to have produced results contrary to their ideals, Libertarians will always make the self-stultifying arguement that market conditions were not truly 'free'. There are no truly free markets, and never will be. This is a faith, exalting the numinous, ignoring reality. It's also annoying.

On Nov 06 11:16 AM John Galt wrote:

> Failure is what makes America great.
>
> Bad businesses go out of business, and they are replaced by better
> run businesses. Good businesses expand... In all fairness, the ones
> that go under aren't "bad". They just don't propertly allocate resources
> and serve the market the way customers want.
>
> Government doesn't work this way. When a government program failes
> ... like schools, medicare, medicade, social security, freddie, fannie
> etc.etc. etc. They don't fail, but in fact they ask for MORE money.]]>
The Hypocrisy and High Stakes of Healthcare Reform http://seekingalpha.com/article/168074-the-hypocrisy-and-high-stakes-of-healthcare-reform?source=feed#comment-725732 725732

On Oct 22 03:46 PM TeresaE wrote:

> Congress "helped" seniors.
>
> My dad's costs went from less than 10% of his income to over 35%.
>
>
> He only gets $16,000 a year SS.
>
> With "help" like that you can bet that this "reform" is going to
> fail.
>
> Miserably and at a huge cost.]]>
Thu, 22 Oct 2009 15:54:55 -0400

On Oct 22 03:46 PM TeresaE wrote:

> Congress "helped" seniors.
>
> My dad's costs went from less than 10% of his income to over 35%.
>
>
> He only gets $16,000 a year SS.
>
> With "help" like that you can bet that this "reform" is going to
> fail.
>
> Miserably and at a huge cost.]]>
The Hypocrisy and High Stakes of Healthcare Reform http://seekingalpha.com/article/168074-the-hypocrisy-and-high-stakes-of-healthcare-reform?source=feed#comment-725656 725656 A country that is interested in maintaining its place at the top of the world makes these kinds of investments in its people. That used to be common sense. Just the fact that we are arguing about this is proof that we are so, so f@cked.


On Oct 22 02:44 PM Steve in TN wrote:

> I read a NY Times article on Canadian health care system in which
> readers from Canada wrote in and stated that they prefer their system
> 10 to 1. I was surprised; but then found out that their system does
> not have enough specialists (too costly) so the Canadian govt. pays
> those that need specialists to travel to the U.S. and will pay 100%
> of their costs. The problem is what happens when we adopt a Canadian
> style health care system when our too costly specialists disappear?
> Where do we send our patients?
>
> From Sether:
> "You can argue that America has the best Health Care in the world.
> That's at least debatable. However, millions of people cannot get
> it, or cannot get enough of it. Health Care reform will allow people
> to GET that 'great' health care."
> The problem is when those extra "millions of people" access our system
> will it still be the "best in the world"?]]>
Thu, 22 Oct 2009 15:06:52 -0400 A country that is interested in maintaining its place at the top of the world makes these kinds of investments in its people. That used to be common sense. Just the fact that we are arguing about this is proof that we are so, so f@cked.


On Oct 22 02:44 PM Steve in TN wrote:

> I read a NY Times article on Canadian health care system in which
> readers from Canada wrote in and stated that they prefer their system
> 10 to 1. I was surprised; but then found out that their system does
> not have enough specialists (too costly) so the Canadian govt. pays
> those that need specialists to travel to the U.S. and will pay 100%
> of their costs. The problem is what happens when we adopt a Canadian
> style health care system when our too costly specialists disappear?
> Where do we send our patients?
>
> From Sether:
> "You can argue that America has the best Health Care in the world.
> That's at least debatable. However, millions of people cannot get
> it, or cannot get enough of it. Health Care reform will allow people
> to GET that 'great' health care."
> The problem is when those extra "millions of people" access our system
> will it still be the "best in the world"?]]>
The Hypocrisy and High Stakes of Healthcare Reform http://seekingalpha.com/article/168074-the-hypocrisy-and-high-stakes-of-healthcare-reform?source=feed#comment-725574 725574 Insurance companies simply stand between patients and providers, gobbling cash and rationing treatment. They are scumbag middle-men. Their business is making money. It has nothing to do with medicine. You watch too much FOX.


On Oct 22 12:45 PM CLH wrote:

> This whole reform is unbelievable. America has the best health care
> in the world. Does anyone go to Europe or Canada for health care?.
> Of course not. They all come to America where the health care is
> the best. The only way to cut costs is to privatise Medicare which
> is a bankrupt disaster.]]>
Thu, 22 Oct 2009 14:14:10 -0400 Insurance companies simply stand between patients and providers, gobbling cash and rationing treatment. They are scumbag middle-men. Their business is making money. It has nothing to do with medicine. You watch too much FOX.


On Oct 22 12:45 PM CLH wrote:

> This whole reform is unbelievable. America has the best health care
> in the world. Does anyone go to Europe or Canada for health care?.
> Of course not. They all come to America where the health care is
> the best. The only way to cut costs is to privatise Medicare which
> is a bankrupt disaster.]]>
Bank of America's Gain Is Taxpayers' Loss http://seekingalpha.com/article/163025-bank-of-america-s-gain-is-taxpayers-loss?source=feed#comment-689718 689718

On Sep 23 02:33 PM Big Jack58 wrote:

> No, I'm not infuriated.This was another mechanism the governement
> was using to try to milk money out of one of our largest financial
> institutions. And we can count on the inept government lackies to
> fail to get the documents signed (which has been well reported for
> several months, but it took this author until now to figure this
> out). Additionally, in it's quarterly meeting for Q1 in April, BAC
> announced they would never leverage this backstop because the terms
> would cause the price to be paid by BAC to be greater than any backstopping
> they would receive (but the author failed to call into that analyst
> meeting and hear any of this). Being a shareholder, I'm furious at
> our sleezy government because BAC received nothing in return for
> their $425 million payment for backstopping ... again, nothing was
> backstopped. So let's see: Sept 2008 the gov't highly encourages
> BAC to buy a failing ML in an attempt to save the economy the gov't
> couldn't save themselves; Dec 2008 the gov't threatens BAC to not
> back out of the deal nor leverage the MAC for a cheaper price on
> the merger; Jan 2009 the gov't, as consolation to BAC for a forced
> merger, decides to throw $20 billion in loans at 5.5% interest along
> with a scheme to backstop several billion that would never materialize
> (given they had $45 billion in TARP); Summer 2009 the gov't blames
> the recession on BAC, changes it's board and management teams and
> forces lending practices that provide handouts to irresponsible consumers
> (at the expense of the bank's profits and the shareholders' gains).
> It's obvious our gov't is no longer the leach we thought it was ...
> its a full sized vampire.]]>
Thu, 24 Sep 2009 14:32:05 -0400

On Sep 23 02:33 PM Big Jack58 wrote:

> No, I'm not infuriated.This was another mechanism the governement
> was using to try to milk money out of one of our largest financial
> institutions. And we can count on the inept government lackies to
> fail to get the documents signed (which has been well reported for
> several months, but it took this author until now to figure this
> out). Additionally, in it's quarterly meeting for Q1 in April, BAC
> announced they would never leverage this backstop because the terms
> would cause the price to be paid by BAC to be greater than any backstopping
> they would receive (but the author failed to call into that analyst
> meeting and hear any of this). Being a shareholder, I'm furious at
> our sleezy government because BAC received nothing in return for
> their $425 million payment for backstopping ... again, nothing was
> backstopped. So let's see: Sept 2008 the gov't highly encourages
> BAC to buy a failing ML in an attempt to save the economy the gov't
> couldn't save themselves; Dec 2008 the gov't threatens BAC to not
> back out of the deal nor leverage the MAC for a cheaper price on
> the merger; Jan 2009 the gov't, as consolation to BAC for a forced
> merger, decides to throw $20 billion in loans at 5.5% interest along
> with a scheme to backstop several billion that would never materialize
> (given they had $45 billion in TARP); Summer 2009 the gov't blames
> the recession on BAC, changes it's board and management teams and
> forces lending practices that provide handouts to irresponsible consumers
> (at the expense of the bank's profits and the shareholders' gains).
> It's obvious our gov't is no longer the leach we thought it was ...
> its a full sized vampire.]]>
51.68% in 165 Days http://seekingalpha.com/article/157644-51-68-in-165-days?source=feed#comment-640909 640909 Sat, 22 Aug 2009 10:14:19 -0400 Why Obama's Big Spending Fallacy Could Ruin U.S. Economy http://seekingalpha.com/article/153908-why-obama-s-big-spending-fallacy-could-ruin-u-s-economy?source=feed#comment-617282 617282 Wed, 05 Aug 2009 21:14:46 -0400 National Health Insurance, 'Cap and Trade': Two Steps in the Wrong Direction http://seekingalpha.com/article/145702-national-health-insurance-cap-and-trade-two-steps-in-the-wrong-direction?source=feed#comment-566328 566328 90% of corporate money doesn't.
If public health care drives private providers out of business, GOOD. The sooner the better. Couldn't happen to a nicer bunch of people. Health care for profit is unethical, and violates the hippocratic oath. Look into it.
Peter Schiff here reduced to FOX News-level propaganda. Nice work, you sellout. How do you sleep?]]>
Sun, 28 Jun 2009 21:47:43 -0400 90% of corporate money doesn't.
If public health care drives private providers out of business, GOOD. The sooner the better. Couldn't happen to a nicer bunch of people. Health care for profit is unethical, and violates the hippocratic oath. Look into it.
Peter Schiff here reduced to FOX News-level propaganda. Nice work, you sellout. How do you sleep?]]>
National Health Insurance, 'Cap and Trade': Two Steps in the Wrong Direction http://seekingalpha.com/article/145702-national-health-insurance-cap-and-trade-two-steps-in-the-wrong-direction?source=feed#comment-566304 566304 Sun, 28 Jun 2009 21:36:36 -0400 Economic Decapitation via Cap and Trade http://seekingalpha.com/article/145566-economic-decapitation-via-cap-and-trade?source=feed#comment-564479 564479 Are you one of those Ayn Rand Scientologists - er - Libertarians? Your article is about as lucid and useful as Atlas Shrugged, but thankfully less verbose.
Libertarianism is actually just Infantilism. Has anyone else noticed this?]]>
Fri, 26 Jun 2009 21:53:59 -0400 Are you one of those Ayn Rand Scientologists - er - Libertarians? Your article is about as lucid and useful as Atlas Shrugged, but thankfully less verbose.
Libertarianism is actually just Infantilism. Has anyone else noticed this?]]>
Recession, Depression and Monetary Mismanagement http://seekingalpha.com/article/144580-recession-depression-and-monetary-mismanagement?source=feed#comment-557240 557240 Mon, 22 Jun 2009 09:42:38 -0400 Give Obama 40 More Years in Office! http://seekingalpha.com/article/143695-give-obama-40-more-years-in-office?source=feed#comment-551315 551315 Wed, 17 Jun 2009 23:23:51 -0400 Could an Eliot Spitzer comeback really happen? (Vanity Fair) http://seekingalpha.com/news/market_currents/post/25882?source=feed#comment-544531 544531 Fri, 12 Jun 2009 17:21:58 -0400 The Coming Economic Collapse, Part 2 http://seekingalpha.com/article/141851-the-coming-economic-collapse-part-2?source=feed#comment-540643 540643 For the last 30 years the US economy has been a Friedmanesque, supply-side, deregulating, trickle-down, tax-cutting (for the rich), Laffer-curve, Jude Wanniski, Voodoo economic Petri dish.
The experiment produced financial AIDS, which unfortunately we exported to the UK, and most of the rest of the world.
What country were you living in?

On Jun 09 06:29 AM JudeJin wrote:

> a hundred years of social experiment based on keynesian theory(government
> intervention) has failed miserably!!
>
> by comparison, in physics, an experiment could finish in nanosecond.
> thus we all honor einstein.
>
> in social science, we've followed the wrong man.
>
> i recommend everybody to study the austrian school of economics founded
> by ludwig von mises! he's the unknown einstein in economics. he predicted
> this miserable outcome of government intervention a long long time
> ago, but nobody listened. no bureaucrats would listen of course!!!
>
>
> amen to american people!
> wake up, american people!
> the world need you to stand up and lead the civilization into the
> right direction!
> a catastrophe is also an opportunity!
> we need a true leader, not obama!
>
>
> ]]>
Wed, 10 Jun 2009 11:55:56 -0400 For the last 30 years the US economy has been a Friedmanesque, supply-side, deregulating, trickle-down, tax-cutting (for the rich), Laffer-curve, Jude Wanniski, Voodoo economic Petri dish.
The experiment produced financial AIDS, which unfortunately we exported to the UK, and most of the rest of the world.
What country were you living in?

On Jun 09 06:29 AM JudeJin wrote:

> a hundred years of social experiment based on keynesian theory(government
> intervention) has failed miserably!!
>
> by comparison, in physics, an experiment could finish in nanosecond.
> thus we all honor einstein.
>
> in social science, we've followed the wrong man.
>
> i recommend everybody to study the austrian school of economics founded
> by ludwig von mises! he's the unknown einstein in economics. he predicted
> this miserable outcome of government intervention a long long time
> ago, but nobody listened. no bureaucrats would listen of course!!!
>
>
> amen to american people!
> wake up, american people!
> the world need you to stand up and lead the civilization into the
> right direction!
> a catastrophe is also an opportunity!
> we need a true leader, not obama!
>
>
> ]]>
The Coming Economic Collapse, Part 2 http://seekingalpha.com/article/141851-the-coming-economic-collapse-part-2?source=feed#comment-537303 537303
On Jun 08 06:40 AM User 353732 wrote:

> I suggest that the path to a cure requires clarity about making and
> honoring distinctions between markets and governments.
> Markets allocate resources based on merit. Governments misallocate
> resources based on patronage. Markets create wealth, Governments
> destroy it. Markets promote choice; Governments suppress it. Markets
> are based on a voluntary system of property rights and willing exchanges.
> Governments are based on a coercive system of entitlements and impositions.
>
> It is not, I beleve, for individuals or Governments to decide the
> what, when and where of jobs and the composition of the economy:
> no individual can and Governments , by their very nature get in not
> just wrong but horribly wrong.
>
> Only Free and Fair markets can get it right.
>
> Our present grave economic/financial and decision making perversions
> and pathologies arise from the fact that free and fair markets are
> no longer permitted to function in important, indeed essential parts
> of the economy. This is because corrupt and self obsessed Big Corporations,
> advocacy and special interest groups and the Government profit hugely
> and consistently from suppressing or distorting market( eg credit,
> energy,water, labor, real estate, education, healtcare) signals.
> In large and growing parts of the economy Free and Fair markets do
> not exist or are no longer allowed to operate.
> The more the markets are tortured and weakened the more the Government
> and its corporate, special interest and media allies claims that
> only they, the annointed few, have the answers.
> Governments cannot credibly address the issues you discussed in Parts
> 1 and 2 of your essay and markets are not allowed to. No wonder the
> fundamentals of the economy, society, culture and national global
> stature continue to deteriorate.
>
> Until the Government/market balance is reasonably restored, property
> rights and the rule of contracts are again honored, free and fair
> markets are again the norm and the middle class is again central
> in national decision making our condition cannot, reliably and consistently
> improve. It can, however, greatly worsen.]]>
Mon, 08 Jun 2009 12:37:36 -0400
On Jun 08 06:40 AM User 353732 wrote:

> I suggest that the path to a cure requires clarity about making and
> honoring distinctions between markets and governments.
> Markets allocate resources based on merit. Governments misallocate
> resources based on patronage. Markets create wealth, Governments
> destroy it. Markets promote choice; Governments suppress it. Markets
> are based on a voluntary system of property rights and willing exchanges.
> Governments are based on a coercive system of entitlements and impositions.
>
> It is not, I beleve, for individuals or Governments to decide the
> what, when and where of jobs and the composition of the economy:
> no individual can and Governments , by their very nature get in not
> just wrong but horribly wrong.
>
> Only Free and Fair markets can get it right.
>
> Our present grave economic/financial and decision making perversions
> and pathologies arise from the fact that free and fair markets are
> no longer permitted to function in important, indeed essential parts
> of the economy. This is because corrupt and self obsessed Big Corporations,
> advocacy and special interest groups and the Government profit hugely
> and consistently from suppressing or distorting market( eg credit,
> energy,water, labor, real estate, education, healtcare) signals.
> In large and growing parts of the economy Free and Fair markets do
> not exist or are no longer allowed to operate.
> The more the markets are tortured and weakened the more the Government
> and its corporate, special interest and media allies claims that
> only they, the annointed few, have the answers.
> Governments cannot credibly address the issues you discussed in Parts
> 1 and 2 of your essay and markets are not allowed to. No wonder the
> fundamentals of the economy, society, culture and national global
> stature continue to deteriorate.
>
> Until the Government/market balance is reasonably restored, property
> rights and the rule of contracts are again honored, free and fair
> markets are again the norm and the middle class is again central
> in national decision making our condition cannot, reliably and consistently
> improve. It can, however, greatly worsen.]]>
Friday Bank Failure #37 http://seekingalpha.com/article/141678-friday-bank-failure-37?source=feed#comment-535260 535260 X X X X X X X
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Sat, 06 Jun 2009 23:12:40 -0400 X X X X X X X
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X X X X XX
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Schadenfreude: Finally, Countrywide's CEO Getting What He Deserves http://seekingalpha.com/article/141629-schadenfreude-finally-countrywide-s-ceo-getting-what-he-deserves?source=feed#comment-534473 534473 Ayn Rand and Adam Smith told me markets were infallible, self correcting, omniscient. Angelo Mozilo was just acting in his own interest. If everyone did likewise, we'd all be better off, right? I think we've all learned a valuable Libertarian lesson from this great american.]]> Fri, 05 Jun 2009 23:04:02 -0400 Ayn Rand and Adam Smith told me markets were infallible, self correcting, omniscient. Angelo Mozilo was just acting in his own interest. If everyone did likewise, we'd all be better off, right? I think we've all learned a valuable Libertarian lesson from this great american.]]> Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time http://seekingalpha.com/article/140211-fed-finds-a-way-to-use-stress-tests-to-screw-bank-shareholders-one-more-time?source=feed#comment-522103 522103 Thu, 28 May 2009 19:10:30 -0400 Decline in Jobless Claims Implies End to Recession http://seekingalpha.com/article/138949-decline-in-jobless-claims-implies-end-to-recession?source=feed#comment-513115 513115 Thu, 21 May 2009 13:05:36 -0400 4 Reasons Not to Assume the Worst Is Over http://seekingalpha.com/article/137118-4-reasons-not-to-assume-the-worst-is-over?source=feed#comment-500051 500051

On May 12 05:55 AM capitalisthero.com wrote:

> I agree double digit inflation is on the way. Buying a house is great
> hedge against inflation. I know this sounds counter intuitive as
> house prices continue to decline. But it is a reasonable idea when
> you considered you can get a 30 year fixed at 5% and inflation will
> soon be 15%-20%.
> Read capitalisthero.com/Hed... where I crunch
> the numbers.]]>
Tue, 12 May 2009 07:25:48 -0400

On May 12 05:55 AM capitalisthero.com wrote:

> I agree double digit inflation is on the way. Buying a house is great
> hedge against inflation. I know this sounds counter intuitive as
> house prices continue to decline. But it is a reasonable idea when
> you considered you can get a 30 year fixed at 5% and inflation will
> soon be 15%-20%.
> Read capitalisthero.com/Hed... where I crunch
> the numbers.]]>
Hedge Funds Not as Weak as Media Portrays http://seekingalpha.com/article/136377-hedge-funds-not-as-weak-as-media-portrays?source=feed#comment-497165 497165 Sat, 09 May 2009 21:05:49 -0400 More on White House's Strong-Arming of Chrysler Hedge Fund Hold Outs http://seekingalpha.com/article/134759-more-on-white-house-s-strong-arming-of-chrysler-hedge-fund-hold-outs?source=feed#comment-487023 487023 The last 30 years have been Baroque, late-period Roman Empire type capitalism; depraved, amoral, psychotic deviants allowed to f@ck and kill or kill and f@ck everything in sight, and then each other, in a nonstop necro-economic, freemarket fetishist orgy of whoredom and death.]]> Sat, 02 May 2009 23:02:58 -0400 The last 30 years have been Baroque, late-period Roman Empire type capitalism; depraved, amoral, psychotic deviants allowed to f@ck and kill or kill and f@ck everything in sight, and then each other, in a nonstop necro-economic, freemarket fetishist orgy of whoredom and death.]]> Labor Costs Are Down, but Who Really Benefits? http://seekingalpha.com/article/134466-labor-costs-are-down-but-who-really-benefits?source=feed#comment-486318 486318
On May 01 04:16 PM mgcolin wrote:

> I don't understand all the hand wringing over lower wages in the
> US. The need for significantly lower employee costs is neither good
> or bad. It is reality - the US is a lousy place to do business because
> workers are just too expensive.
> What's wrong with having a competitively priced workforce?]]>
Fri, 01 May 2009 21:39:32 -0400
On May 01 04:16 PM mgcolin wrote:

> I don't understand all the hand wringing over lower wages in the
> US. The need for significantly lower employee costs is neither good
> or bad. It is reality - the US is a lousy place to do business because
> workers are just too expensive.
> What's wrong with having a competitively priced workforce?]]>
Social Security: Bankrupt System Will Impact Markets Sooner than Expected http://seekingalpha.com/article/134542-social-security-bankrupt-system-will-impact-markets-sooner-than-expected?source=feed#comment-485779 485779

On May 01 12:34 PM Gregman2 wrote:

> Companies won't provide for you. Government can't provide for you.
> With offshoring, wage compression and unpredictable freelance employment...retirement
> is all but an illusion anyway. Thanks to so much debt leverage in
> every sector, our system doesn't permit any capital formation, and
> indeed prevents it.]]>
Fri, 01 May 2009 12:51:08 -0400

On May 01 12:34 PM Gregman2 wrote:

> Companies won't provide for you. Government can't provide for you.
> With offshoring, wage compression and unpredictable freelance employment...retirement
> is all but an illusion anyway. Thanks to so much debt leverage in
> every sector, our system doesn't permit any capital formation, and
> indeed prevents it.]]>
Social Security: Bankrupt System Will Impact Markets Sooner than Expected http://seekingalpha.com/article/134542-social-security-bankrupt-system-will-impact-markets-sooner-than-expected?source=feed#comment-485761 485761 I could give a sweeeeet sh*t what plutocrats and wannabees complain about. Take your tax hike with a smile or be eaten. Your tender white meat will fall right off the bone I'll wager.]]> Fri, 01 May 2009 12:39:59 -0400 I could give a sweeeeet sh*t what plutocrats and wannabees complain about. Take your tax hike with a smile or be eaten. Your tender white meat will fall right off the bone I'll wager.]]> An End to Capitalism? Buffett Offers Some Perspective http://seekingalpha.com/article/132302-an-end-to-capitalism-buffett-offers-some-perspective?source=feed#comment-472926 472926
To the author and conceptwizard: It all depends on what you mean by "our",and what kind of capitalism. If you're talking about the wealthy, then yes, your standard of living has improved greatly in the last 30 years under massive tax cuts (for you), deregulation, and freemarket globalization. Meanwhile, for the great unwashed, "our" standard of living has been deteriorating since before Reagan.
Is it really so unbelievable that people might consider the "free market" a negative influence in their lives? People are starting to realize that having every aspect of their lives exposed to market forces over the past 30 years, to an ever greater extent and degree, has left them unhealthy, ignorant, and poor, living in sh*tty plastic subdivisions full of sh*tty plastic Chinese crap.
We need to rein-in that fabulous capitalism a little.

Your article is vapid, at best.
]]>
Wed, 22 Apr 2009 13:25:12 -0400
To the author and conceptwizard: It all depends on what you mean by "our",and what kind of capitalism. If you're talking about the wealthy, then yes, your standard of living has improved greatly in the last 30 years under massive tax cuts (for you), deregulation, and freemarket globalization. Meanwhile, for the great unwashed, "our" standard of living has been deteriorating since before Reagan.
Is it really so unbelievable that people might consider the "free market" a negative influence in their lives? People are starting to realize that having every aspect of their lives exposed to market forces over the past 30 years, to an ever greater extent and degree, has left them unhealthy, ignorant, and poor, living in sh*tty plastic subdivisions full of sh*tty plastic Chinese crap.
We need to rein-in that fabulous capitalism a little.

Your article is vapid, at best.
]]>
The Case Against Re-Regulation http://seekingalpha.com/article/131205-the-case-against-re-regulation?source=feed#comment-465446 465446 Thu, 16 Apr 2009 13:40:32 -0400 Sucker's Rally Approaching an End http://seekingalpha.com/article/130639-sucker-s-rally-approaching-an-end?source=feed#comment-463032 463032
On Apr 13 01:24 PM Socialism cannot compete! wrote:

BS. Unionization leads to what we see in the auto industry -- falsely high costs that become unbearable. It leads to wages that are paid NOT based on individual merit -- which is the lifeblood of capitalism, the notion that harder/smarter work begets bigger profits -- but instead, pay based on a collective...this is socialism in pay calculations.
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Tue, 14 Apr 2009 13:33:14 -0400
On Apr 13 01:24 PM Socialism cannot compete! wrote:

BS. Unionization leads to what we see in the auto industry -- falsely high costs that become unbearable. It leads to wages that are paid NOT based on individual merit -- which is the lifeblood of capitalism, the notion that harder/smarter work begets bigger profits -- but instead, pay based on a collective...this is socialism in pay calculations.
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Goldman's Unexpected Earnings; Government's New Foreclosure Solution - Cause for Pause http://seekingalpha.com/article/130800-goldman-s-unexpected-earnings-government-s-new-foreclosure-solution-cause-for-pause?source=feed#comment-462922 462922 Lloyd Blankfein and all his minions of similarly degenerate and pathologically criminal bright-boys should be disemboweled in public and fed to dogs.]]> Tue, 14 Apr 2009 12:27:56 -0400 Lloyd Blankfein and all his minions of similarly degenerate and pathologically criminal bright-boys should be disemboweled in public and fed to dogs.]]>