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lauraiskojacobs

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  • The Bank Tax Rises From The Dead [View article]
    this is dumb. not all the banks were as badly managed as Citi. And where's the tax on GM? and Fannie/Freddie?
    Feb 26 04:13 PM | Likes Like |Link to Comment
  • LNG's Future As The Preferred Fuel For High-Mileage Heavy Duty Trucks Seems Doubtful [View article]
    This is an extremely helpful article. Thank you. Would like to see more like it.
    Nov 15 09:57 AM | 3 Likes Like |Link to Comment
  • Is JPMorgan Being Unfairly Singled Out? [View article]
    Reporter "why do you rob banks?"
    Willie Sutton, "because that's where the money is"
    Oct 13 10:54 AM | 1 Like Like |Link to Comment
  • Citigroup next target for government after JPMorgan? [View news story]
    JPM and Wells Fargo were not bankrupt and were not going to fail. The Gov't made them take TARP then crapped on them for taking it.

    At least Willie Sutton was said he robbed banks "because that's where the money is".
    Sep 30 09:32 PM | 3 Likes Like |Link to Comment
  • FHFA wants $6B from JPMorgan to settle MBS claims [View news story]
    if JPM gives money to the government, where does it go?
    Aug 27 03:51 PM | 1 Like Like |Link to Comment
  • Is Your Preferred Stock About To Be Called? [View article]
    Thanks so much, Doug. I love your detailed, informative articles. That's why I bought your book.
    Feb 20 12:10 PM | Likes Like |Link to Comment
  • Disturbing Trend In Growth From January Jobs Report [View article]
    then why decrease defense and fire all those servicemen/women? why defund high-tech military projects which employ highly skilled engineers if all you want to do is employ people without regard to what they add to the economy. Paul K thinks an alien invasion would solve our employment problem. We don't have to wait for hte Borg to arrive, for the next building or road project, why don't we outlaw bulldozers and give everyone teaspoons? we would employ 100x the normal number of workers.
    Feb 6 02:57 PM | 1 Like Like |Link to Comment
  • Canada reports a blowout payroll number, adding 40K jobs vs. an estimated of 5K. The unemployment rate slips to a 4-year low of 7.1% vs. 7.3% expected. This follows November's even-bigger blowout job gains of 59.3K. The loonie gains about half a cent vs. the greenback, now buying $1.0142. [View news story]
    they have a very low corporate tax rate.
    http://bit.ly/UoGh82

    a lot of countries have single-payer and they have high unemployment. people should be responsible for their own insurance. not business. government and insurance companies need to get out of the way and let people purchase services directly. it's the only thing that would put downward pressure on the price.
    Jan 4 01:39 PM | Likes Like |Link to Comment
  • Fiscal Cliff: Let's Call Their Bluff [View article]
    Is this a joke? How does such a hard line article get published on SA? I used to think it was a legit financial news site.
    Dec 20 02:58 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff: Let's Call Their Bluff [View article]
    It's true the Clinton years produced a lot of wealth and a lot of tax revenue. We had a dotcom boom. People made a lot of money and they then paid a lot of taxes. We had very good fiscal policies which reduced government spending, increased revenue and reduced the deficit. But sadly the bubble burst. It was not Clinton's fault. But people lost their jobs (I did) and a contraction followed. Here is a link to a table of Federal receipts and outlays. http://1.usa.gov/OohFth. click on the first item and you will see a very simple Excel spreadsheet that shows you that the deficit was $160B right before the housing market started to unravel. We should absolutely have a conversation about how to maintain a healthy housing market, but you can see that even those expensive wars and the tax cuts did not lead to trillion dollar deficits.
    For the record, i fully support leaving Afghanistan and Iraq.
    Dec 20 02:58 PM | 4 Likes Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    The dot com bubble popped and the economy struggled. Bush became president and taxes were lowered. Tax receipts increased and the deficit was 151B in 2007 (taxpolicycenter.org). Why does it matter what the source of the taxes were? I don't understand the obsession with not just raising more revenue, but specifically taking it away from a certain group of people. Bush alone didn't cause the housing meltdown. Everyone who supported lower and lower lending standards helped to push this economy over the edge.
    Nov 13 11:45 PM | 3 Likes Like |Link to Comment
  • Former Clinton economic adviser Laura D’Andrea Tyson describes how the "vicious circle" of income inequality leads to educational inequality, which then perpetuates the wealth gaps in the U.S. Tyson also notes how poverty is much higher in single-parent families than in those with married parents. But while she wants to increase taxes for the rich and pour money into education, she stops short of advocating policies to strengthen marriage. [View news story]
    Doesn't it seem wrong to suggest that the children of low-income families can't/won't learn until incomes rise? Here in NYC (Democrat) Eva Moskowitz has led the charter school charge in Harlem and she has tremendous support. The schools focus is on high expectations and achievement of every kid. That's why there are thousands more applications then there are seats. Parents want more school choice. They can't wait for some vague promise of income inequality reduction as though that will magically lead to better educational results.
    Sep 24 01:01 AM | 1 Like Like |Link to Comment
  • Should the U.S. Lower Corporate And Income Tax Rates? [View article]
    My husband has a business that employees 7 people and provides healthcare for everyone and their family. His company is growing. If you raise the corporate tax rate, he will not hire more people this year. If the tax rate stays the same, he will hire one more person. If the tax rate was significantly lowered, he would hire more than one person this year.

    It's not that complicated. Stop talking about "economic justice". It's a made up term to describe taking money from the group that made it and distributing it to the group that didn't. People are not going to commit their time, energy and money to a venture if they can't benefit from it.
    Jan 23 06:30 PM | 1 Like Like |Link to Comment
COMMENTS STATS
13 Comments
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