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  • The Coming Recovery Will Most Likely Not Be Robust [View article]
    Bailing out TBTF and government growth and takeovers of large areas of the economy continue a trend that is becoming dire at the expense of the shrinking productive private sector. Growth rates and potential can thus only be mediocre and declining. We're already celebrating declining rates of decline.
    Aug 20, 2009. 04:47 AM | Likes Like |Link to Comment
  • BusinessWeek's Subscription Liabilities [View article]
    The internet is a bubbling stew of ideas which adults can sort through to learn and try to build on truths and reject falsehoods. The MSM has long sought to mold our thoughts their way. This has not changed; they are mostly pro-government and seek to legitimize the agenda of the authorities in this society who have misled us so very badly.
    Now they are caught in a squeeze and most magazines and smaller papers are quite thin. The products are often clearly declining in quality as well. Like the declining TV networks, they all have clung to the same losing formula until it's too late to be saved. Like Detroit.
    The US generally is on this path. A common element is self-absorbed, self-serving, overpaid "leadership." And too many in the ranks who are fooled by or employed by these charlatans.
    The US is like Business Week, spiraling downwards to worthlessness. Like Detroit, who once was the king of the industrialized world. The first step in recovery is to admit mistakes. None of the above has.
    Aug 20, 2009. 04:24 AM | 1 Like Like |Link to Comment
  • Cessna Maker Textron Sued for Misrepresentation of Backlog and Financial Segment Deterioration [View article]
    Too bad for Cessna and the other companies mentioned that they can't inflate their order book like Wall St: By flipping marked-to-magic "assets" to each other and booking nice bonuses. With taxpayer backing when the music stops.
    Aug 19, 2009. 05:31 PM | 2 Likes Like |Link to Comment
  • Obama's Healthcare Game [View article]
    Why does Obama, like Hillary, need to "anchor" their side of the debate to a collectivist government alternative in the first place? Why must Americans now choose such a lousy plan or the present corporate oppression or nothing?
    This was the land of private markets. You know, where there is individual choice and responsibility. Which once gave us the wealthiest society ever with the largest, most prosperous middle class. What has happened to our system?
    Aug 19, 2009. 08:09 AM | 3 Likes Like |Link to Comment
  • Healthcare 'Debate' Dominated by Shouting and Lobbies [View article]
    The article illuminates a central point, the non-healthcare costs in the system, and presents the way to fix it. Sanity in costs and inefficiencies can ONLY be achieved by individual choice and responsibility.
    The system now has unaffordable choices because the price mechanism has been broken by the many receiving great coverage who don't see the costs. Self-employed, low-income workers and workers for small companies are all too aware of the costs but are again ill-served by the bad alternatives in the present debate.
    We have representatives, MSM and public who are unacquainted with market-based solutions in this as in all debates. The vested interests for the present system and those wanting more government control over any- and everything, have the stage, as usual.
    Aug 19, 2009. 07:43 AM | 7 Likes Like |Link to Comment
  • Mad over Healthcare Reform Myths [View article]
    Common sense doesn't exist in the major alternatives here. The present system is great for a shrinking number of those who are well-served. But is destructive to the economy and is unsustainable.
    The government alternative, though, is appalling. While presented as the thinking person's choice because the present situation is so bad for so many, if you REALLY think you will see yet another oppressive government takeover which will breed another horrible system.
    There is no attempt made by the major sides to give us a sensible reform that would use market forces for sanity. The public is once again used as a pawn by greedy interests who are content to see the situation worsen until we settle for one of their unacceptable schemes.
    Aug 19, 2009. 07:09 AM | 1 Like Like |Link to Comment
  • Another aspect of the foreclosure crisis: the growing resale of property tax liens by governments happy to get their money. Lien purchasers then use their priority rights to raise interest and force foreclosure faster than a local government might - and without the political consequences of emptying out homes in mind.  [View news story]
    Carlos Liam: Governments at all levels have the same dynamic. They are all in the self-preservation mode, as a crack in the dam of insane policies that require legions of excessively-compensated employees at one level would reveal the illegitimacy of all.
    Aug 18, 2009. 03:17 PM | 1 Like Like |Link to Comment
  • Arthur Levitt Defends High Frequency Trading [View article]
    I appreciate the posters mentioning the fake virus warnings; I've been getting them, too.
    It's all about Wall St. as usual. How HFT helps the US compete in manufacturing again escapes me. Like Greenspan, Leavitt is one of the all-time biggest sellouts anywhere. It is wise to believe the opposite of what he says.
    Of course HFT will enrich Wall St. and get abused to the point of meltdown like portfolio insurance, circa 1987. Then come the bailouts, then the bonuses.
    I worry about the idiotic scam of the "disenfranchised" Palm Beach matrons who caused the country to go to electronic voting.
    Aug 18, 2009. 12:21 PM | 4 Likes Like |Link to Comment
  • Sergey Aleynikov Seeks Dismissal of Case - Goldman May Beg to Differ [View article]
    Alenikov's rights seem to require release of GS records. If a decision goes against GS, I may eat my shoe.
    Aug 17, 2009. 04:36 PM | 3 Likes Like |Link to Comment
  • Rational Market Theory and Black Swans in Healthcare Reform [View article]
    A shame the otherwise insightful article winds up with the flip side of Fox News partisanship. Actually, it reveals much about this impasse. I find it hard to support policies of people who actually believe Obama's activism is good and sincere and and need to swipe at the supposed lack of sincerity of today's opposition vis a vis the civil rights/antiwar protesters of the past.
    Some good points about the insurance problem today, but Glenn Beck cannot be dismissed out of hand in my opinion, and lack of sponsorship is because he takes shots more than other MSM personalities at the corporate/government partnership that runs America.
    Government insurance does pose a problem about triage and they will fund sex-change surgery over cancer treatment for Grandma.
    As you say, the opposition needs to provide credible alternatives. They are divided between genuine advocates of market-based solutions and the corporatist oppressors we have now. But, "one-payer" advocates seem too content to push the kind of "activist" program you laud Obama for which means, government by the government and for the government.
    Aug 17, 2009. 02:12 PM | 8 Likes Like |Link to Comment
  • Why No One Won a Pulitzer for Financial Reporting, Part 1 [View article]
    Ironically, media spokespeople will say that their content is valuable due to reporters and news wire services that the internet writers lack. But as that is all slanted towards the same end, the financial problems of MSM are because their coverage ends up worthless, as the article illuminates. It has been a source of wonder to see the utter lack of whistleblowers and investigative reporting in this mother of all financial debacles.
    MSM is allied with government to re-inflate the largest Ponzi scheme ever, which is now stumbling again. Hold on to your wallets.
    Aug 17, 2009. 12:17 PM | 1 Like Like |Link to Comment
  • Economic Collapse Is Accelerating [View article]
    The one thing American students still lead the world in is self-esteem.
    OptimisticPessimist's "new breed" who knows " fundamentals are dead", you know, "we, the sharp investors, the people in the know" who have "reached the point in economics where we can predict ourselves" have little to do with the hard-working reality-based young people in societies on the rise." Tripling your allowance in the last runup isn't a long-term track record.
    Aug 14, 2009. 12:33 AM | 8 Likes Like |Link to Comment
  • Paulson and Goldman Sachs, The Plot Thickens [View article]
    Big government has created inordinate booby traps, taxes, regulations and procedures for the little people. The big fish hire others to run interference for them in all such matters large and small. Nice work if you can get it.
    It may have slipped Paulson's mind that he had about $300million/GS stock (Bindlepete) with all the important matters he was attending to.
    Aug 13, 2009. 09:27 PM | 2 Likes Like |Link to Comment
  • America's Doomed Small Newspapers [View article]
    One of the smaller set has been considered for a bailout in CT, the New Britain Herald. Must involve a combination of their support of incumbents and as a possible warmup to saving the big-government-loyal, PC Hartford Courant.
    I'm guessing the exploding budget deficits gave the idea a merciful death. Even the ever-wasteful political class here has it's limits.
    Aug 13, 2009. 02:53 PM | Likes Like |Link to Comment
  • Economic Collapse Is Accelerating [View article]
    To have the consumer economy and real estate bubbles implode with Wall St. leverage on top of the unprecedented indebtedness we acquired during, um, prosperity, without depression-level contraction is an interesting MSM concept. Add coming CRE, alt-A, municipal/state bankruptcies galore with ongoing job losses and I don't think it's only pessimists that might question a turnaround here.
    Aug 13, 2009. 01:45 PM | 15 Likes Like |Link to Comment
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