Seeking Alpha

njrobby

njrobby
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • The government swung to a record June budget surplus of $116.5B from a deficit of $59.74B a year earlier, boosted by $67B in dividend payments from Fannie Mae and Freddie Mac. In the first nine months of the year, the deficit fell 44% to $509.83B, putting the government on course for a deficit of $642B for the full fiscal year vs $1.09T previously. An improving economy, budget cuts, falling unemployment, and higher taxes are other factors helping to bring down the deficit. [View news story]
    Since these are all loans to kids and their parents who are going to college, and because "access to education for all" is being pushed by the president.which is helping to spike tuition rates, this is akin to balancing the budget with a giant tax on college kids and their parents. But, I'm sure that this is sustainable. Great work again, DC.
    Jul 12 08:20 AM | Likes Like |Link to Comment
  • A central debate in the fiscal cliff talks is over how much higher income taxes will hit small businesses, which pay the individual rate via their owners' returns. A study last year found that tax hikes for incomes of over $500K - Obama's threshold is $400K - could hit 750K firms that receive about 56% of all income of such businesses. John Boehner's $1M threshold could hit 311K companies that account for 41% of income. [View news story]
    The Prez and the libs have performed one of the best propaganda campaigns in modern US history. Every idiot without a calculator, or a pen and paper, is convinced that the current mantra "raise taxes on the rich... pay their fair share..." will actually balance the budget or help it do so in some meaningful way. It will never remotely come close. But, the straw man continues to get all the attention while the "pay for votes" or debt spending continues unabated by the majority with an ax to grind or their hands held out for a payoff.
    Dec 20 08:03 AM | 1 Like Like |Link to Comment
  • Joe Biden and other cabinet members are due to meet with law-enforcement leaders today to discuss gun policy after President Obama yesterday pledged to tighten control following the school massacre last week and put the Vice President in charge of an effort to formulate new laws. Proposals could include bans on the sale of assault weapons and compulsory background checks on gun buyers. SWHC and RGR are among the tickers on watch at the moment. [View news story]
    Not to mention that every time this happens, it happens in a "gun free zone" like a school or a building known to be gun free. So, the solution is to create more gun free zones? Brilliant.
    I notice that no one has mentioned that every one of these nuts has left a note saying that they're going to perform a mass murder so they can "matter" on national TV... I guess that means we need to ban national news coverage of these things, right?... Something tells me that will never be "discussed."
    Dec 20 07:57 AM | 1 Like Like |Link to Comment
  • Entrepreneurs and business owners take note, President Obama says: "If you've got a business - you didn't build that. Somebody else made that happen." The comment, made at a speech the President gave at an appearance in Roanoke, Virginia recently, has gone viral, with the internet swamped with images of the President telling innovators such as the Wright Brothers, Thomas Edison, Steve Jobs and others "they didn't build that." Kevin Costner's famous line in "Field of Dreams," parodies Obama: "If you build it... we'll still say you didn't really build it."  [View news story]
    Whether or not the human condition applies, (which says that you've been influenced, affected, helped and hindered by your environment and all that exists in it,) Obama is using this idea to say, "Pay more taxes" because we'll give it to everyone else that helps you along the way. Don't we pay property taxes and income taxes to create the infrastructure and give teachers the jobs he's lauding here? This is more self serving crap from the propagandist-in-chief.
    Jul 18 03:54 PM | 5 Likes Like |Link to Comment
  • The White House releases a report predicting that President Obama's 2010 healthcare law will save Medicare over $200B through 2016, with beneficiaries to enjoy lower costs of $59.4B.  [View news story]
    Doctored accounting numbers to follow...
    Apr 23 11:48 AM | 2 Likes Like |Link to Comment
  • Cigna (CI +0.1%) CEO David Cordani says that a Supreme Court ruling on the constitutionality of healthcare law won't stop market forces from dictating how people insure themselves in the U.S. He says that even if the high court overturns the 2010 law, marketplace innovation will evolve.  [View news story]
    As it should be, instead of a law forcing people into decisions.
    Mar 16 09:40 AM | 1 Like Like |Link to Comment
  • In wake of yesterday's attack in Tehran, the U.K. downgrades diplomatic ties with Iran, ordering the Iranian embassy in London closed and expelling all Iranian officials.  The U.K. also closes its Tehran embassy and is evacuating all staff from the country.  [View news story]
    We have to understand that it's the West's fault and just continue negotiating and talking.... etc....
    Nov 30 09:34 AM | Likes Like |Link to Comment
  • The Federal Housing Administration is facing losses of $50B over the coming years and could run out of money if the economy doesn't recover soon, a forthcoming study by Wharton's Joseph Gyourko says. Such a scenario would increase the possibility of the FHA needing a bailout.  [View news story]
    Let it go bankrupt, close it down, cut it from the budget.
    Nov 11 09:31 AM | Likes Like |Link to Comment
  • A rare October snow storm along the East Coast disrupts travel and causes power outages to over 2.3M homes and businesses. New Jersey, New York (partially), Connecticut and Massachusetts declares states of emergency, while it's total misery for the Occupy Wall St encampment in NYC.  [View news story]
    HAHAHAHAHAHAHAHAHA.... Aw poor occupy people... HAHAHAHA
    Oct 30 07:20 AM | 4 Likes Like |Link to Comment
  • Paul Volcker tells NYT's Gretchen Morgenson that Fannie and Freddie must go: “This is an opportunity to get rid of institutions that shouldn’t exist." Also on his wish list: make bank capital requirements tough and enforceable; derivatives must be standardized and transparent; ensure that auditors are independent by rotating them; shrink systemically dangerous institutions.  [View news story]
    Volker has it right. And while it won't happen, I'll sit and drink my coffee and dream on.
    Oct 24 11:50 AM | 1 Like Like |Link to Comment
  • Federal employees whose compensation averages $126,000 and a heavy concentration of lawyers helps Washington edge out San Jose as the wealthiest U.S. metro area. The typical D.C.-area household earned $84,523 in 2010, vs. the national average $50,046. “There’s a gap that’s isolating Washington from the reality of the rest of the country... They just get more and more out of touch."  [View news story]
    I'm not sure if Tomas was responding to me or not. I was saying to do whatever makes you happy and don't concentrate on the money unless that makes you happy. But, if you're poor because you're unmotivated or following a career that doesn't make you rich, don't steal from people that are happy making money because it "feels fair" to do it. It's greed from another direction. And I absolutely agree with you about Paris. And you can add Kim Kardashian to that list.
    Oct 21 12:58 PM | Likes Like |Link to Comment
  • Federal employees whose compensation averages $126,000 and a heavy concentration of lawyers helps Washington edge out San Jose as the wealthiest U.S. metro area. The typical D.C.-area household earned $84,523 in 2010, vs. the national average $50,046. “There’s a gap that’s isolating Washington from the reality of the rest of the country... They just get more and more out of touch."  [View news story]
    All of these points are predicated on happiness equaling more money. While I agree that it can help, it's a deeply flawed assumption at best. I'm poor. My grandparents were poor. I'm a pretty happy guy since my wire and I make enough to pay the bills and have some ocassional fun. My grandparents were some of the happiest people I knew. Talks about saftey nets are necessary and good. But once you get past that, you start to enter greedy "keeping up with the Joneses" type of discussions about "truely equitable distributions," etc that never have a solution.
    Oct 20 01:35 PM | Likes Like |Link to Comment
  • Federal employees whose compensation averages $126,000 and a heavy concentration of lawyers helps Washington edge out San Jose as the wealthiest U.S. metro area. The typical D.C.-area household earned $84,523 in 2010, vs. the national average $50,046. “There’s a gap that’s isolating Washington from the reality of the rest of the country... They just get more and more out of touch."  [View news story]
    That's one example, not a trend or a rule.
    Oct 20 12:50 PM | Likes Like |Link to Comment
  • Federal employees whose compensation averages $126,000 and a heavy concentration of lawyers helps Washington edge out San Jose as the wealthiest U.S. metro area. The typical D.C.-area household earned $84,523 in 2010, vs. the national average $50,046. “There’s a gap that’s isolating Washington from the reality of the rest of the country... They just get more and more out of touch."  [View news story]
    There goes Terry's anti-military sentiments again. I guess the military is the only one with record spending lately?
    Oct 19 11:46 AM | 3 Likes Like |Link to Comment
  • Federal employees whose compensation averages $126,000 and a heavy concentration of lawyers helps Washington edge out San Jose as the wealthiest U.S. metro area. The typical D.C.-area household earned $84,523 in 2010, vs. the national average $50,046. “There’s a gap that’s isolating Washington from the reality of the rest of the country... They just get more and more out of touch."  [View news story]
    I believe I read it was the combination of all the above, Dana. And I don't want to descend into the blame Bush rhetoric. I'll say there hasn't been a good president in decades, and I'll leave it at that.
    Oct 19 11:01 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
85 Comments
177 Likes