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Ted Bear

Ted Bear
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  • Here's the White House math behind why "tax reform" can't replace all the income from letting the Bush tax cuts for the rich expire: Limiting a cap in deductions to incomes over $250K leaves only $800B in revenue; phasing in a cap to avoid a "cliff" reduces revenues to $650B; excluding the charitable deduction reduces it to $450B. That's why the likeliest outcome is a hybrid approach that combines an increase in marginal tax rates with a cap in deductions. [View news story]
    These traitors can not stop the spending for fear of curtailing their billion dollar life styles.

    You take away lobbyists, withhold for a few years taking a private sector job after you leave public service, and place a term limit on holding office when there is anything other than a minimal deficit, and this mess which Washington created would get solved tonight.

    I am starting to seethe when i hear these assholes come out and say 'we have a spending problem.' No, YOU have a spending problem. You put us in this position, You benefited from it personally every time a government program was let, and YOU will suffer the consequences of Your actions.

    Stop trying to shove it down the throats of the great unwashed. We don't hear from assholes like Schumer for months on end, and all of a sudden there's a chance to be on camera 'saying the right things' (while shoving it up the taxpayers ass), and voila, there he and the rest of these traitors are.

    I am sick of the pretend 'horror' from guys like McConnell and Boener--Democrat or Republican. If they want to shed their crocodile tears for this country, then let them do something real. Like the fisherman said this morning, when i have a problem, i fix it.

    Fix it, you fucktards. Every family in America does it, and the supposedly 'best and brightest' which we send to Washington can't balance a budget?

    Everyone of them ought to be sequestered until they get it done correctly without shenanigans and mirrors. Real simple: we take in this; we owe that; we can spend this.

    I cant tell you how much it hurts to see people like this driving OUR Country over the cliff. When does it stop?
    Nov 29 08:54 PM | 19 Likes Like |Link to Comment
  • According to "The Donald," the Fed's pledge to buy $40 billion in mortgage securities each month is just creating "phony numbers" and will not ultimately benefit the economy. Nor will it will do anything to spur additional activity in the housing market. “Mortgage rates are already very low,” Trump says, “but the banks aren’t lending. So it doesn’t make any difference.” [View news story]
    One bubble after another. Do we ever learn that on the other side of every peak is a nasty chasm which takes us lower, and lower each time we go down?

    And how much more can we print?

    And isn't the whole thing just one house of cards?

    With $16 trillion in debt just being the icing on the cake?

    Ya know, we could have taken our medicine back in 2008, marked everything to market, closed down the institutions which were (and still are) bust, and moved on.

    But no, we had a better way. If financial engineering got us in, surely more financial engineering could get us out.

    Today we took another one half trillion dollar swipe at it.

    And have we accomplished anything at all other than kicking the can down the road?

    If so, could someone please list the examples.

    I'm tired of this shit. How many generations have to put up with this crap before the people have had enough? (And please, spare me the political rhetoric--they are ALL criminals).

    Sep 13 08:40 PM | 19 Likes Like |Link to Comment
  • Tesla faces a roadblock in New Jersey [View news story]
    Who knew that the car dealers in NJ had Christie in their pocket? ALWAYS follow the money!

    This guy's star went from shining brightly to a dull haze in less than six months. Just amazing to watch a guy self destruct in front of the public.
    Mar 11 08:35 AM | 17 Likes Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    We saw the same 'end of the world' scenario played out by that traitor Paulson with regard to the entire financial system, so we threw a trillion dollars at them, and where did it end up? Other than sweeping the problem under the carpet for a few years, has anything been resolved? (Ask Bank America or Citibank if THEIR bad mortgage loan problem has gone anywhere?)

    People are unlikely to be fooled again by a bunch of self serving politicians who have made promises to lobbyists and campaign donors which they will be unable to keep unless they find a way to shove the cost down the taxpayer's throats. Yes Neil, it took several votes to get TARP through because the people were strongly against it, and knew exactly what it stood for (hint: It wasn't designed to help the avergae working slob). The crybaby's sold the market off in a temper tantrum until Paulson's cry for the end of the world was self fulfilling. As soon as the fat cats got their money, and the great unwashed got the bill, the market miracuously went back up.

    What's the expression? Fool me once, shame on you.....
    Jul 26 06:32 PM | 16 Likes Like |Link to Comment
  • Exchanges bust erroneous pre-close AOL trades [View news story]

    I love the way they do this...everyone has 'free access' to the market place to do as they wish, but then when they screw it up, they get a Mulligan.

    Why not just let them take their own medicine for being dumb and inattentive?
    May 13 07:38 PM | 15 Likes Like |Link to Comment
  • GE may be next activist target, Gasparino says [View news story]
    Trying to clean up the mess left by the 'management wizard' jack welch has left them panting for oxygen.

    I don't think Immelt has done a poor job, but he inherited a massively leveraged company that was geared for short term gains. He has done what he could, including the things cited above, and maybe inviting the fox into the hen house will have bought him some time with the shark community.


    But after all is said and done, this company is geared to cyclical events, albeit they have tried to take the cyclicity out of it with disparate businesses. At the end of the day the global economy is in shambles, and GE is a victim of that, as well as years of (mis) management geared to maximizing the compensation of the few with little regard to creating long term shareholder value.

    It is hard to believe that GE's stock is trading at less than one half of it's peak valuation of some fifteen years ago. That's the true legacy that the 'wizard' left for the shareholders.
    Mar 17 07:53 PM | 14 Likes Like |Link to Comment
  • Twitter execs sell shares; major investor distributes stake [View news story]
    No wonder the shills on CNBS have been touting the shares as a BUY all the way down...anything to suck in Mom and Pop--while deflecting their attention to the one tenth of one penny they are losing to the HFT guys!

    ALWAYS follow the money; not what (in the case of the TWTR Execs who said they were not selling any stock) they say!

    Nice. And the SEC will do what?
    May 9 06:15 PM | 12 Likes Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Yeah, we don't need unions. Every shop can be like Walmart: they take the profits; you get the bill for food, healthcare and social services. No need to ask an employer to provide sufficient pay which covers those things when we can spread the cost to society/taxpayers.
    Dec 11 03:53 PM | 12 Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    Fewer working. A LOT fewer looking.

    It's all good, until someone needs to feed their family from something other than the 'dole'.
    Sep 7 08:33 AM | 11 Likes Like |Link to Comment
  • Alibaba prices IPO at $68 [View news story]
    Got to love this one.....

    Nothing but bulls for a middleman....

    Whose primary business is as an agent in China....

    But is incorporated in the Cayman Islands...

    Which Company owns the assets in China....

    Which might not be legal...the "Foreign Ownership Issue"....

    And listed in the United States...

    But the books are 100% accurate, I am sure!

    Good luck all! Might want to take some off the table tomorrow at $90.....
    Sep 18 05:44 PM | 10 Likes Like |Link to Comment
  • Apple beats estimates on strong iPhone sales [View news story]
    Whew...bring on the financial engineering....stock split.....Buy Back.....


    Well, never mind that.
    Apr 23 04:37 PM | 10 Likes Like |Link to Comment
  • John Krenicki, who's leaving as GE vice chairman at the end of the year, is set receive $89K a month until 2022 on the proviso he doesn't join a competitor for three years. Under Krenicki's exit package, which is worth an estimated $28.3M at least, Krenicki will also receive $14.8M of stock options and restricted stock units, and a projected bonus of $2.8M.  [View news story]
    This guy must be able to create gold from earth dust to be given those kind of numbers. Whatever happened to humble?

    With the mess that Jack Welch left behind, i guess this guy had his work cut out for him, but what about the suffering shareholders who are buried in this thing for years and years? Where do they get theirs?
    Aug 2 06:57 AM | 10 Likes Like |Link to Comment
  • Erin Burnett doesn't take the Wall Street protesters seriously, calling them out for their use of cellphones, MacBooks, Lululemon clothing and other capitalist icons. But hedge fund manager Eric Jackson, writing in Forbes, finds Burnett's critique "vapid" - with youth unemployment at 18%, "the frustration and palpable anger on display [are] completely legitimate."  [View news story]
    I guess i am lost as to why anyone would care what Errin Burnett, or any other reporter for that matter, has to say about the news which they are paid to report.

    Suddenly we have Maria Bartaromo (Maria! Of all the bimbettes around!) making economic calls and market recommendations. It's bad enough having failed hedge fund guys like Crammer spewing stuff about what to buy.

    Whatever happened to 'just reporting' the news and let the audience decide for themselves whether they care or not, and whether there is an issue with which they wish to take excpetion.

    Sheeeesh...Errin Burnett commentary. Now there's a frightening thought!
    Oct 5 06:49 PM | 10 Likes Like |Link to Comment
  • GE again falls short in consistently meeting its own financial targets [View news story]
    After the leveraged mess that Welch left him, I would say he has done a pretty good job in a not so easy economic environment.
    Jan 17 08:01 PM | 9 Likes Like |Link to Comment
  • The House will not vote on a budget deal tonight, meaning at least a temporary step over the fiscal cliff. With the 2 sides reportedly near agreement, it may just be a technicality, but maybe not. Tax rates go up at midnight, making any vote after that time a vote on cutting taxes. [View news story]
    I watch as these guys in Washington parade in and out, smiles and smirks, wowing us with how they are 'working' outside of 9 to 5, even made a phone call on the weekend.

    I wonder two things: Do they have any idea that this is how the majority of their constituents work? Nights, weekends, holidays. Whatever it takes to keep the house, put fuel in the car, and put food on the table. (Note to Washington: we are not impressed that you are 'working'.)

    And secondly, i sense the air of self aggrandizement with these guys in Washington. They really think they are something special and important. (Note to Washington: we the people think you are a bunch of incompetent morons who couldn't run a household if your life depended on it; let alone run a country. We are not impressed that YOU spent us $20 trillion into the hole and now You can't figure out a way to get yourselves out. Basically, what you think of as super-stardom, we think of as jerks).

    Of course, at the end of the day i am working on New Years Eve, and they are counting the billions that they made in bribes, kickbacks, salary and benefits on the backs of the American taxpayers.

    No wonder they smirk; the joke is on me.
    Dec 31 05:03 PM | 9 Likes Like |Link to Comment