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  • Big Oil's Big Tax Break [View article]
    Alan,
    You bring up a topic that I find very significant, and makes the tax argument seem irrelevant. Or places it firmly with the charades of politics instead of the argument of tax fairness. That topic is about the large majority of world reserves that are state-owned. The vast majority of oil being produced by the majors are done so in cooperation and partnership with the host countries. Most of the countries that are non-opec need revenue, and production is never based on price, supply, or demand. But rather on the availability to get it out of the ground now. If fairness is the tax argument fine, eliminate the deductions for all corporations. And if this is truly about tax fairness, I expect to see GE in front of these goons soon.
    May 15, 2011. 01:10 PM | 4 Likes Like |Link to Comment
  • Treasury's Geithner warns Congress again with direct details: Inaction on the debt ceiling will drive interest rates up, household wealth down, "catastrophic" defaults on entitlements and service member pay - and a double-dip recession.  [View news story]
    With or without a rise in the debt ceiling, there is no risk of default from our debt obligations and the treasury knows this. At the very least we merely meet our interest obligations and roll the debt over. If the world viewed this as a serious problem in just a few short months, we would already see the demand destruction in our treasury auctions. And by the way, even as bond investors know that QE2 is about to end, we have seen a short rally in bond prices.
    May 14, 2011. 04:17 PM | 6 Likes Like |Link to Comment
  • Big Oil's Big Tax Break [View article]
    Mr. Loftus,
    With all due respect, I beleive you are just flat out wrong in your assessment of demand based vs supply based. Oil, like any commodity, has a finite supply. Therefore to the producer of the commodity it matters not if it stays in it's natural state, or is drilled or mined and kept stored. To understand this view, all one has to do is to study the present production of natural gas. I know of no one who considers the present production of natural gas to be demand based. It is supply based. And would it not be far better for the consumer, with the depressed price of natural gas, to also be transfered to the production of oil?
    May 14, 2011. 10:49 AM | 6 Likes Like |Link to Comment
  • Wall Street hopes John Boehner will offer reassurance in his NYC speech tonight that Congress will "negotiate and debate" but "when it comes down to brass tracks, they are going to raise that debt ceiling." Instead, the House Speaker appears set to demand trillions in cuts to get a debt ceiling hike, setting up a collision course with Pres. Obama and Democrats.  [View news story]
    ...And to Hollywood producers with their bullshit propaganda.
    May 9, 2011. 06:56 PM | 14 Likes Like |Link to Comment
  • Bernanke Gives Wall Street More Time for Market Speculation [View article]
    I guess "Rip Van Ben" just slept through the late 70's & early 80's. He has the thinking that somehow inflation will spur growth. Whereas it appears to me that inflation or the perception of inflation, regardless of the CPI numbers, may be putting the brakes on what momentum we had built from Q4. Ben you are between a rock and a hard place, best to let the economy play out on it's own. The bond vigilantes will no doubt be out to get you. Then, and only then, will the true economic equilibrium be present.
    Apr 28, 2011. 08:28 PM | 1 Like Like |Link to Comment
  • Does the BLS do algebra? That the CPI for apparel prices fell in March is sure to draw a chuckle from the folks who sell it. Sometimes just jacking prices, but often using a stealthier approach, retailers are passing on cost increases to customers, with the hikes set to grow larger in coming months.  [View news story]
    Max,
    The freeloaders in society still get SS benefits too. This is a prime example of how much business and the working person is taxed to pay benefits to those who contribute nothing to society.
    Apr 23, 2011. 03:05 PM | 10 Likes Like |Link to Comment
  • How Safe Are These 7 Blue Chip Dividend Yields? [View article]
    It's all about your original investment cost.
    Apr 23, 2011. 11:14 AM | 7 Likes Like |Link to Comment
  • A Congressional report claims millions of gallons of known carcinogens were injected into wells as part of the process to withdraw natural gas from shale deposits. It's the latest health concern over hydrofracking, which has tapped untold reserves of gas, but threatens contamination of water supplies.  [View news story]
    Cherry Picker,
    You are wrong. My Illinois has a commitment of 1 billion to spend for HSR linking Chicago to St. Louis.
    Apr 18, 2011. 08:37 AM | 1 Like Like |Link to Comment
  • A Congressional report claims millions of gallons of known carcinogens were injected into wells as part of the process to withdraw natural gas from shale deposits. It's the latest health concern over hydrofracking, which has tapped untold reserves of gas, but threatens contamination of water supplies.  [View news story]
    David,
    I hate to be the one to burst your bubble, but this is big oil we are talking about. Even if they found away to use distilled water for the fracking process, these idiots would still be against it.
    Apr 17, 2011. 08:32 PM | 9 Likes Like |Link to Comment
  • Cutting Medicare/Medicaid Would Cost More Than Health Care Reform Law [View article]
    Kingsmill,
    You state that medicare has many problems, but inefficiency is not one of them. In reference to your last paragraph, do you not see that as being inefficient?
    Apr 17, 2011. 12:16 PM | Likes Like |Link to Comment
  • A Congressional report claims millions of gallons of known carcinogens were injected into wells as part of the process to withdraw natural gas from shale deposits. It's the latest health concern over hydrofracking, which has tapped untold reserves of gas, but threatens contamination of water supplies.  [View news story]
    Show me one contaminated well, or any water supply, from the last 60 years that was a result from fracking. Then lets talk. Should these wells be monitored? Yes. But these nuts prey on peoples fears to the point that they want the practice stopped.
    Apr 17, 2011. 12:07 PM | 19 Likes Like |Link to Comment
  • The question is worth raising again: “Why, in the aftermath of a financial mess that generated hundreds of billions in losses, have no high-profile participants in the disaster been prosecuted?” Gretchen Morgensen's take suggests that the FBI, SEC and Treasury Department may have quashed attempts to be more aggressive. (earlier)  [View news story]
    Do we believe for one minute that the heads of government want a public trial where the whole truth and nothing but the truth will be told?
    It is much easier, and safer, for them to carry on a political trial. We can't vote the bankers out of office, but we can the politicians.
    Apr 14, 2011. 07:38 PM | 4 Likes Like |Link to Comment
  • Cutting Medicare/Medicaid Would Cost More Than Health Care Reform Law [View article]
    Dean please explain all of your bashing of the insurance companies. Doesn't Obama Care require all individuals to purchase private insurance?
    Apr 9, 2011. 09:45 AM | Likes Like |Link to Comment
  • S.F. Fed: QE2 Causing Commodity Prices to... Fall? [View article]
    Janet Yellen, President of the San Francisco board. An Obama appointee. No further comment needed.
    Apr 5, 2011. 06:37 PM | Likes Like |Link to Comment
  • Putting a Damper on the Big March Job Report Celebration [View article]
    Yes they are moochers, with the exception of the soldiers who volunteer. All others being part of a politicaly connected union.
    Apr 4, 2011. 08:58 AM | Likes Like |Link to Comment
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