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Paine in America

Paine in America
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  • With a half dozen key economic posts still empty, vacancies are straining the White House's ability to move forward on economic policy.  [View news story]
    So, let's elect someone who is responsible to move forward, instead of gloating over inheritance...

    But, until someone comes in and owns recovery of economy, and scraps (rather than amplify) the bloating programs we are borrowing money on... Until then, we will remain a country without leadership, until we collapse.
    Sep 11, 2010. 06:42 PM | 8 Likes Like |Link to Comment
  • After thousands of jobs and billions in lost wages since the Gulf of Mexico drilling moratorium, why is Pres. Obama encouraging Brazil to drill for oil while failing to do the same in the U.S.? (video: I, II)  [View news story]
    > I am happily invested in many oil related companies

    Obviously happier than those who were bankrupted and/or lost their rigs after being chased out of a job in the USA.... A travesty at best, as Government is only there to remove barriers to jobs and prosperity...

    >There is not one comment in this thread that would be of any use to someone who wants to make investment decisions.
    >if I wanted politics discussions I would go to a political forum

    You can't be serious...
    Mar 23, 2011. 05:20 AM | 5 Likes Like |Link to Comment
  • Rep. Paul Ryan releases a new deficit reduction proposal that claims to cut $5.8T in spending over the next decade and includes major changes to Medicare and Medicaid. These problems won't get fixed because (choose one): A. they're unworkable; or B. politicians and voters don't have the stomach for such deep cuts.  [View news story]
    The best way to solve the SUCK, is to embrace the suck...

    A solution: Divide US debt in the Middle; and form two sets of individual, and self-disciplined Governmental Societies...

    -Society One: Supports Gov power over their society to maintain Utopian dream; via rationing, & mass tax collection. (spending caps / LTD expansion)

    -Society Two: Creates flat tax, maintains LTD safety net, empowers earners to create surplus; enabling growth & job creation. (strict budget / Gov reduction)

    -Society One would have to CAP instead of TAP; in order to maintain itself; thus create incentive to reduce from within.

    -Society Two would be afforded a CLEAR BUDGET.
    In every school of economics, budgets are essential to growth...
    Apr 5, 2011. 10:27 PM | 4 Likes Like |Link to Comment
  • America may be slowly transforming from a full-time to a part-time employed society, as the U.S. has lost 10.5M full-time jobs and added 2.8M part-time jobs in the past three years. What happens to a country when millions of its citizens lose the economic support of work - not to mention a habit that lends balance, structure and dignity to their lives?  [View news story]
    >government spending must fall in line with revenues

    I see this as absolutely essential, but for more reasons than is revealed... I am seeing the way Government riles the masses to gouge the Job creators, will (in fact) impact more inflation...

    “Middle Class “Tax-cut” then becomes a zero-sum game...

    -Remember, Voltaire was right....

    When Gov't has to invent new ways to protect itself; their disproportionate society of loyalists (who believe their absurdities) will commit atrocities…

    So, best just to avoid history, and demand Gov cut-backs on Gov spending...
    Dec 13, 2010. 07:34 PM | 4 Likes Like |Link to Comment
  • With a half dozen key economic posts still empty, vacancies are straining the White House's ability to move forward on economic policy.  [View news story]
    12:53 am...

    The ‘wholly unsustainable’ Gov apparatus; which chooses outcomes with our borrowed money… Has failed.

    But, who the hell cares which party did what, when our nation is crumbling within a “wink and a favor” against the survivability of its people…

    I frankly do not see a chance for this nation, unless we get the Gov out of the way, roll-back that which is unsustainable; and empower a sense of stability to encourage 'private' large-scale invested job growth...

    But unless we change the mindset, shelve partisan bickering, and choose new leadership, outside the D.C. machine… We will continue to bleed, instead of sparking a speedy recovery...
    Sep 12, 2010. 03:55 AM | 4 Likes Like |Link to Comment
  • Republican Congressman Ron Paul plans to hold a hearing in May on the Fed's emergency loans from its discount window to non-U.S. banks. The "staggering amount" lent to these banks "provided no benefit to American taxpayers, the American economy, or even directly to American banks," Paul says.  [View news story]
    I think the point made here is whether the U.S. Taxpayer should be at the liability end of providing loans by the FED, at no benefit or return...

    You can say what might have been, but you cannot say that keeping the same course of action will not harm those least responsible for much of the crisis...
    Apr 3, 2011. 08:57 PM | 3 Likes Like |Link to Comment
  • Among other things, Paul Krugman writes, recent events have amounted to a fairly clear test of Keynesian versus classical economics - "and Keynesian economics won, hands down."  [View news story]
    Pure insanity to justify the moral hazard that continues to encroach upon our recovery...

    This country is going to have to split into two completely separate economies...

    -One that "feels" elite and rules over welfare morons...
    -One which works the principals of business loss-cycles & Prosperity.

    When the first group runs out of money, they can ration, and we won't be tied to them.
    Oct 4, 2010. 02:40 AM | 3 Likes Like |Link to Comment
  • Take it for what it's worth: China, one of the largest holders of Fannie and Freddie debt, says it's confident the U.S. government will stand behind the obligations of the two mortgage giants. (previously)  [View news story]
    Just be thankful we're not holding Chinese Mortgage debt... Underneath which exists a multiplicity of "F & F" style, forced lending...
    Feb 13, 2011. 05:01 PM | 2 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    >Obama has no clue about economics and so he is floundering around

    Never give a pen to a floudering scoundrel
    Dec 12, 2010. 10:49 PM | 2 Likes Like |Link to Comment
  • Rep. Paul Ryan releases a new deficit reduction proposal that claims to cut $5.8T in spending over the next decade and includes major changes to Medicare and Medicaid. These problems won't get fixed because (choose one): A. they're unworkable; or B. politicians and voters don't have the stomach for such deep cuts.  [View news story]
    The US has become a two Government Nation...

    1) A Govt motivated to advance & excel beyond need.
    2) A Govt motivated to draw from its remaining strength.

    I am seeing too much money being wasted on thwarting efforts of two different ways of governing... Is America better off forming two smaller Governments with populations who equally support their leadership?

    Should each be given the choice to exist independent of one another? Could debt be more easily tackled, if split in half?

    This seems absurd, but as one Government leadership views "mass entitlements" collapsing all Nations who expand them... The other Government is repulsed by Capitalism & favors limits for Society...

    Would two separate and Independent Governments provide the American people with enough motivation to prove the other wrong; that it will ensure a US toe-hold on survivability?
    Apr 9, 2011. 07:22 PM | 1 Like Like |Link to Comment
  • Wall Street crooks crushed the economy, so "Why isn't anyone in jail?" Matt Taibbi asks. Financial crimes are the worst kind, he says, "crimes of intellectual choice, made by people who are already rich and who have every conceivable social advantage, acting on a simple, cynical calculation: Let’s steal whatever we can, then dare the victims to find the juice to reclaim their money through a captive bureaucracy.”  [View news story]
    Government forced banks to make BAD LOANS.
    This was not a free choice of the American people...

    These were choices inflicted by Government...
    youtu.be/ivmL-lXNy64

    When we, as American investors, retain the choice of a free market; we are able to protect our economy...
    Feb 16, 2011. 10:32 PM | 1 Like Like |Link to Comment
  • China Allows Renminbi Trading in the U.S. [View article]
    Let us not forget that China is responsible for its own property force-lending, which is now worse than F & F...

    But at the heart of the matter, I believe that 'Slave labor' is uniquely responsible for gutting out many developed countries; and to the extent that it is jeopardizing world stability...
    Jan 29, 2011. 05:18 AM | 1 Like Like |Link to Comment
  • The U.S. isn't falling behind - the world is catching up, Michael Elliott writes. The U.S. has the resources and ingenuity to meet its challenges and prosper, but will it ever regain its old dominance. No, and "get over it."  [View news story]
    USA would give their last dime (and has) to help someone in need... Many powers may enlarge, but none will sacrifice or give as USA...

    Leading me to believe that a true super power instills thankfulness in others... And this is not an acquired skill...
    Nov 24, 2010. 11:54 PM | 1 Like Like |Link to Comment
  • Spain's budget deficit narrowed 42% in the eight months leading to August, thanks to spending cuts and a July tax increase. The deficit of €34.85B was 3.3% of GDP; the central government accounts for less than a third of spending in Spain. The country has approved one of its most austere budgets in decades.  [View news story]
    Agreed... But at least they are contemplating 21 century policy....

    The fate of keeping a Nation locked-down in a state of perpetual crisis in order to redistribute, is no longer an aspiration (or goal) for many.
    Sep 27, 2010. 01:10 PM | 1 Like Like |Link to Comment
  • More Americans now work for the government than in construction, farming, fishing, forestry, manufacturing, mining and utilities - combined. Stephen Moore: "We have moved decisively from a nation of makers to a nation of takers."  [View news story]
    15% is a great number...
    Now cut everything equally, and secure ONE Tax at 15%, and the US will gradually and rather rapidly increase surplus, and thus enjoy a less inflationary recovery...
    Apr 3, 2011. 05:09 AM | Likes Like |Link to Comment
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