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JohnLocke

JohnLocke
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  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    That does not make me a "Traitor"
    You all spout the Democrats latest attack word like it is an original thought...lol

    You said the Key words: FULL FAITH and TRUST

    What do those words mean to you?

    My faith has been shaken and the trust has been violated on many occasions by democrat and republican alike...

    It is not the Tea Partys fault, look in the mirror it is your fault, look around it is our faults...
    Aug 6 04:16 PM | 1 Like Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    If the country keeps going at its current pace it will bring itself to it's knees will you still blame the Tea Party? All you need to do is run the math out 10-15 years people...

    How are we solving the problem folks?

    Democrat / Republician it makes no difference

    Teamwork / Compromise are the same half steps that keep kicking the same problem down the road.
    Aug 6 04:09 PM | 2 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    I served my country for 20 years and was honorably discharged... You dare to call me a traitor to a country that I have fought and become disabled for???


    What have you done for your country you tree hugging hippy...

    You are a bottom feeder Terry and I do feel sorry for you BUT I was happy to defend you.
    Aug 5 09:46 PM | 11 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    I wonder who the rats jumping off the sinking ship that were selling on the insider information yesterday??? 500+ point drop out of the blue... What a bunch of crooks.

    Thank you Standard and Poors for being willing to take a stand independent of the other sheep.

    Thank you to the Tea Party for demanding the dialog and realizing there are no sacred cows in this discussion.

    Reality is quickly approaching folks...
    Aug 5 09:33 PM | 7 Likes Like |Link to Comment
  • In a press briefing at the White House, President Obama says an agreement on debt limit legislation is a done deal. All that's left are votes in the House and Senate. S&P 500 futures remain about 1.3% higher.  [View news story]
    I'm sure the folks in DC will be patting each other on the back due to their "Hard Work"...

    All that political maneuvering to simply kick the can down the road, political theater at it's finest.

    Jul 31 09:20 PM | 2 Likes Like |Link to Comment
  • On the one-year anniversary of Dodd-Frank, Bernanke will defend the overhaul and push lawmakers for more reforms to ensure that events that led to the financial crisis aren't repeated. But some say Dodd-Frank makes future crises more likely and ensures too-big-to-fail. The timing of Geithner's WSJ op-ed prompts talk that Pres. Obama may be ready to amend it to get a debt ceiling deal.  [View news story]
    Maybe one of these???

    warincontext.org/2011/.../

    Why assume that a username / bio has anything to do with who the poster actually is?

    If anything someone who needs to push an unverifiable credential set as an anchor to advance an agenda should be viewed in this case for what they are... just another shill attempting to swim in the system :-)

    Just a thought...
    Jul 20 11:34 PM | Likes Like |Link to Comment
  • The FDIC approves subjecting big banks to the same minimum capital standards as community banks, doing away with big banks' ability to substitute "internal management assumptions" about how much capital they need around. It won't require new capital, Sheila Bair says, but will act as insurance "when the crisis is forgotten" that levels will be safe.  [View news story]
    Do the Big banks get to count the Taxpayer dollars they have received as part of their minimum capitol standard (sarcasm).

    I'm curious about the timing of this announcement and why TBTF banks were being held to a different standard in the first place, I wonder if it has to do with the fact that the TBTF are the Feds Primary Dealers?
    Jun 14 11:09 AM | 3 Likes Like |Link to Comment
  • The U.S. needs to create 21M new jobs by 2020 to regain full employment, according to a new McKinsey report, a level achieved only in the most optimistic job growth scenario. To add the requisite number, the U.S. labor market would have to grow at about the same rate as it did in the second half of the 1990s.  [View news story]
    Where are the Progressive, Bush bashing, war haters with the solution to this problem?

    Crickets Chirping....

    Notice how easy it is to throw a stone but not provide a solution...

    Time for all of us to place America and our collective wellbeing ahead of profit, Would our situation be improved if a company like Apple decided to make the beloved IPOD in the USA?
    Jun 10 10:53 PM | Likes Like |Link to Comment
  • Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year.  [View news story]
    Before you throw a stone Tigersam you should work on those English as a second language writing skills;-)
    Jun 8 10:22 PM | 12 Likes Like |Link to Comment
  • Austan Goolsbee will resign his post as chairman of the White House Council of Economic Advisers this summer and return to teaching at the University of Chicago. The move leaves Tim Geithner as the only senior official remaining from President Obama's original economics team.  [View news story]
    Teaching is code for making $$$$$$

    -As a "Teacher" he will be allowed to sit on companies Board of Directors
    (I bet GE)

    -As a "Teacher" he will be allowed to be a paid consultant

    -As a "Teacher" he will be allowed to be paid for speaking engagements

    -As a "Teacher" he can publish a book and be paid for it.

    Time for Mr. Goolsbee to sell his opinion and influence to the highest bidder, just wait and Google it will come out...
    Jun 6 10:21 PM | 2 Likes Like |Link to Comment
  • Party like it's 1999: With the housing double-dip "confirmed," real housing prices and price-to-rent ratios have regressed to 1999 levels... and there's still no end in sight. "Prices have now fallen by more than they did during the Great Depression [and] will fall by at least a further 3% this year, and perhaps even further next year."  [View news story]
    "Now the Greece default crap is subdued"

    This is code for The Greeks are having to sell off their national assets to their creditors.... Yup the crisis is averted for sure *rolls eyes*

    The only growth I care about is right here in the USA, The Global economy as you put it is simply a system of labor exploitation.. If you want to ride the next wave you need to learn Swahili since the African continent is the last available continent that needs to be made "Middle Class"
    May 31 10:42 PM | Likes Like |Link to Comment
  • Party like it's 1999: With the housing double-dip "confirmed," real housing prices and price-to-rent ratios have regressed to 1999 levels... and there's still no end in sight. "Prices have now fallen by more than they did during the Great Depression [and] will fall by at least a further 3% this year, and perhaps even further next year."  [View news story]
    As long as the government keeps subsidizing the birth rate via entitlement programs the "stupid people will keep breeding" to paraphrase Green Day.

    Why offer rentals? When I can fleece them on a "Rent to Own"

    The owner finance game is expanding incredibly either via land lease or just the owner holding paper. Large down payments and an expected default inside of 24 months is a great deal for an owner holding paper:-)

    Anyone seen a plan by our government to actually reduce the unemployment numbers?
    Kinda wierd that all of the TARP / QE dollars stayed inside of the banking system and were not used to allocate capitol to small business as a matter of fact it amazed me that citibank got a bailout then reduced my business creditline buy 25%...

    I wonder what would happen if QE was allocated directly to small business to foster growth and hiring, wage suppression and Union busting would slow down dramatically and more dollars would start circulating at all levels. I think this is a better alternative then TBTF banks pumping the commodity and stock markets to the point of lunacy.





    May 31 08:46 PM | 4 Likes Like |Link to Comment
  • The Fed's secret lending program which seems to have been aimed mostly at European banks shows we still have a lot to learn about the Fed's actions in the midst of the financial crisis. Felix Salmon asks: Why was the program set up? Why had the Fed never discussed it? How does lending $45B to Credit Suisse (CS) support the flow of credit to U.S. households?  [View news story]
    Who gave the FED this mandate?

    Who is the FED accountable to?

    The media is telling me the crisis was averted, Great! time for the disclosure.

    Disclaimer: I believe "Monetization" is the crutch that simply kicks the status quo can down the road.
    May 28 09:24 AM | Likes Like |Link to Comment
  • America's greatest threat is not the deficit or terrorism or China - it is "impotent leadership... the lack of vision... the selling out to the highest bidder in Washington," Barry Ritholtz writes. The U.S. government "has become a giant grift, populated by Jezebels and strumpets," guided only by the "endless stream of corporate giveaways, tax loopholes and bailouts."  [View news story]
    Unfortunately the voters (the people of this nation) are not getting smarter, every testing metric of our educational system tells us that.

    A vast majority of Americans are so busy running on the hamster wheel of survival they could care less what the government is doing as long as the welfare checks keep going...

    I talked with a customer the other day who informed me that it was not in her best interest to get married as her welfare would be drasticly cut thus the 5 children in her household would grow up fatherless. I ask how will it get better under these kinds of conditions.

    As we know the system is broken, I believe to the point that it is actually accelerating the demise of our society.
    May 13 08:17 PM | 13 Likes Like |Link to Comment
  • Bernanke has gotten a lot of grief for his confidence that any recent inflation is "transitory." (I, II, III) But after this week's commodities rout and the latest jobs data showing no wage pressures at all, ol' Ben's starting to look pretty good, isn't he?  [View news story]
    Please cite your sources...

    "The private savings is much higher today in the US than during the Bush era."

    "Approximately 84% of what Americans buy is made in America."
    May 7 05:45 AM | 11 Likes Like |Link to Comment
COMMENTS STATS
381 Comments
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