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  • Monday Morning - The Calm Before the Storm [View article]
    oh please! the ENTIRE media is slanted to the right except for MSNBC and air america. for 8 years they pulled all sorts of crap in cahoots with the bush admin and no one said a thing. Now all of a suddeen you are concerned about being silenced? ever hear of the patriot act your republican pals pushed through? These guys are intentinally trying to destroy our nation and everyone just wants to blame the unions, as if they were the ones who made bad calls investing the public pension funds in the fraudulent MBS's wall street was selling them.
    Feb 28 01:32 PM | 19 Likes Like |Link to Comment
  • "Obama gets too little credit" for fighting deficits, Paul Krugman writes. Thanks to health care reform, "he has done more to rein in long-run deficits than any previous president." As for spending cuts, Obama's foes are never willing to consider higher taxes. "So we should add to the roster of fundamentally unserious people anyone who talks about the deficit... as if it were purely a spending issue."  [View news story]
    "Socialism simply does not work "

    Really? worked beautifully when the banksters, auto industry, AIG and wall street needed a "socialist" bailout from the taxpayers in 2008!!
    Feb 18 10:44 AM | 5 Likes Like |Link to Comment
  • The FDIC will propose tomorrow that major bank execs have 50% of their bonuses deferred for at least three years to help curb excessive risk taking. After three years, the execs can receive varying amounts of their deferred pay depending on the performance of the company during that time.  [View news story]
    "More and more government is never the way to go"

    really? Ive worked in the banking industry in IT since 1998, and every year the amount of fed regulations we implement seems to increase, and yet we were an emergency TAX PAYER funded bailout away from complete financial collapse in 2008. And still you think LESS regulation would solve the problem? you cant have enough of it, and its not socialist to think that way. We will never have a pure free market system, get over it, its not reality and it will never happen.
    We had a relatively stable economy after the great depression until the 80's. Since then, our politicians have unwound all the post depression legislation that gave us a stable economy and we've had a recession every 5-7 years, and each one is worse than the last.
    Feb 7 12:09 AM | 1 Like Like |Link to Comment
  • Today was not a strong start for President Obama if the strong connection between jobs and elections holds up in 2012. Since 1960, the unemployment rate has topped 7% during four presidential elections, and the incumbent party lost three of them. The economy needs to add 215K/month for the rate to drop below 8% by election day.  [View news story]
    2 judges found it unconstitutional, 10 said it was fine. Turn off the Fixed News Network and you might hear about the other 10!
    Feb 5 02:25 PM | 1 Like Like |Link to Comment
  • Today was not a strong start for President Obama if the strong connection between jobs and elections holds up in 2012. Since 1960, the unemployment rate has topped 7% during four presidential elections, and the incumbent party lost three of them. The economy needs to add 215K/month for the rate to drop below 8% by election day.  [View news story]
    your comment is baffling to me. So 8 years of massive spending and tax cuts not paid for and the passage of a medicare Rx plan ending with a near collapse of the financial system and Obama should just have been able to swoop in and fix it all in 24 months? Bush had a republican controlled congress until 2006, so your suggestion to clean house in the senate also seems odd. And do what? Put those folks back in that caused this mess? I will end with I am no supporter of Obama, I just think its ridiculous the heat he gets. To some extent I feel the same applies to bush and the others. The truth is this can all be traced back to Fed policy and big wall street players, but everyone would rather play partisan politics and not fix a damn thing!
    Feb 5 03:24 AM | 6 Likes Like |Link to Comment
  • Goldman's decision to sell Facebook shares to foreigners only may be "considered a serious embarrassment for Goldman," but Jonathan Macey says it's the SEC that should be embarrassed. The move shows how banking has become so international that companies can sidestep the SEC's rules with ease, and that SEC rules on stock sales only hurt U.S. investors.  [View news story]
    unreal, all this time I thought corporations were just out to do whats in the best interest of our nation! please, this is nonsense, and to have the balls to blame the SEC. If it were profitable to start these companies off with investors here, it would be done. GS and all other corporations are in the business to increase shareholder value, period. If selling children into slavery was legal and profitable, they would do it.
    Jan 20 10:34 PM | 3 Likes Like |Link to Comment
  • The House of Representatives votes to repeal Obama's healthcare reform law in a mostly symbolic move that is likely to be scuttled in the Senate. The more credible threat for now is in the courts, as 26 states have joined Florida's suit to bring down the law.  [View news story]
    funny, tried to go to to find out what the GOP alternative is and when I clicked on the pdf links for their "solution" I get the "oops! cant find this page" hilarious, and typical. But i did hear they proposed allowing insurance companies to not cover maternity care, thats real smart, since its about 18k to have a baby. OB's will love making as much as the kid at taco bell when everyone stops having kids!
    Jan 19 11:16 PM | 4 Likes Like |Link to Comment
  • Goldman Sachs (GS) will only allow non-U.S. investors to take a stake in Facebook, saying it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law." Whoops.  [View news story]
    Seriously? zuckerberg, GS dont care who invests in it, they just want to make money, why would you think otherwise?
    Jan 17 01:56 PM | 4 Likes Like |Link to Comment
  • Despite Obama's healing rhetoric, Paul Krugman believes the U.S. is "a deeply divided nation and [is] likely to remain one for a long time." There's "no middle ground" between one side that believes society's winners should be taxed to pay for a social safety net and the other that thinks people should keep more of what they earn. It's "a fundamental disagreement about the proper role of government."  [View news story]
    Krugman's an idiot! taking the extreme fringes of both sides, how ridiculous!
    Jan 14 09:37 AM | 5 Likes Like |Link to Comment
  • Four 'Uncomfortable Situations' to Watch in Early 2011 [View article]
    Glad to hear you have a balanced budget. So you are ok with eliminating 50% of the defense budget so we can get the country back on track? We wouldnt be in this mess if we didnt wage 2 wars that will end up costing us 3 trillion dollars, and we didnt steal a single drop of oil!
    Jan 3 10:37 PM | 4 Likes Like |Link to Comment
  • Mark Fisher's QE2 warning: "Parabolic moves have parabolic corrections... This is going to be the bubble of all bubbles." Pushing up equities doesn't create jobs; it's more likely to hurt the economy by pushing commodity prices to "obscene" levels. But it's not Bernanke that will cause energy demand, for example, to surge by at least a third over the next 25 years.  [View news story]
    does that really matter though? Where the S&P was 10 years ago, or 5 years ago, or in 1987? The S&P was at 667 in march '09. If thats where the S&P should be, then maybe we've already had the parabolic move!
    Nov 9 11:02 PM | 1 Like Like |Link to Comment
  • George W. Bush maintains that TARP "saved the economy" and he "absolutely" would do it again, the former president tells NBC News. “The idea of spending taxpayer money to give to Wall Street banks to save them - a lot of people think they created the crisis in the first place - so I can understand the angst [of the American people]."  [View news story]
    how about a breakdown of all that dough? 80% of it went to fight wars in countries that are entirely useless, and we didnt even steal any oil yet! waste of money. I dont see Obama having much choice, the economy is in the tank, now is not the time to cut spending, unless its defense spending and corporate welfare. Seriously why is GM getting a huge tax break? If I was about to go belly up would the govt give me tax payer dollars to save me, and then when I recover give me a tax break on my current income? That would never happen, but a corporation that makes billions and ships jobs overseas gets that tax break! I call B.S.
    Nov 6 12:31 AM | 4 Likes Like |Link to Comment
  • Cramer's Stop Trading! 5 Market-Moving Earnings to Watch (10/22/10) [View article]
    "We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
    - Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929

    (someone had posted this on another site....)
    Oct 26 12:24 AM | Likes Like |Link to Comment
  • There’s no denying that the economy has been stuck in the mud, but Obama might want to reconsider his remarks about a “decade in which, frankly, that can-do spirit had been lost... prevent[ing] more Googles from being created." Maybe he forgot about Apple and Facebook, and doesn't know that the most-ever U.S. patent applications were granted during the decade.  [View news story]
    if you design a toilet seat thats triangular instead of an oval, you can patent that! patent apps are going up because if you dont patent every aspect of every design of every new product someone will rip you off. That triangular toilet would probably require atleast a dozen different patents.
    Oct 22 09:38 PM | 4 Likes Like |Link to Comment
  • Which Way Wednesday: Can We Ignore and Soar? [View article]
    I will add that I am certain India has been buying up gold forever, it is culturally very highly regarded and until very recent times people were still transacting with gold coins, especially in rural areas. Even after the Brits stole so much of it, there is still a ton of gold in that country!
    Oct 20 09:38 PM | Likes Like |Link to Comment