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The Next Trillion Dollar Federal Giveaway To Mega-Banks: Shooting Main Street Lenders For The Sins Of Wall Street
Commented Nov 25, 2009 at 09:37:21 in Business
“this is just so typical washington
lets punish the smaller community and regional banks that lended responsibily and reward the mega -bigs that acted irresponsibly
talk about your moral hazard”
lets punish the smaller community and regional banks that lended responsibily and reward the mega -bigs that acted irresponsibly
talk about your moral hazard”
Washington: Totally Disconnected From Main Street
Commented Nov 25, 2009 at 09:11:51 in Business
“Indeed
mfg in general has been downplayed and demonized. without manufacturing you have no innovation, no greater shared prosperity no national and economic security
ours is the only industrial nation actively engaged in the destruction of our economic engine. All the major growing economies of the world the so called BRIC countries are doing it with the strength of their mfg base, not by finacial gimmicks yet the US continues on with the failed policies of free trade and total lack of coherent industrial policy.
Also the dcountires with strong mfg are also the ones recovering the fastest - china and germany for example
Nafta = No American Factories Taking Applications - I have been saying this since the days of Ross Perot and his giant sucking sound of jobs going offshore - he was right”
mfg in general has been downplayed and demonized. without manufacturing you have no innovation, no greater shared prosperity no national and economic security
ours is the only industrial nation actively engaged in the destruction of our economic engine. All the major growing economies of the world the so called BRIC countries are doing it with the strength of their mfg base, not by finacial gimmicks yet the US continues on with the failed policies of free trade and total lack of coherent industrial policy.
Also the dcountires with strong mfg are also the ones recovering the fastest - china and germany for example
Nafta = No American Factories Taking Applications - I have been saying this since the days of Ross Perot and his giant sucking sound of jobs going offshore - he was right”
Knocking Down The Biggest Excuse For The Bailout
Commented Nov 25, 2009 at 07:29:06 in Politics
“I did the same thing
they all claimed to be against it but voted for it anyway - typical politicians
total tone deafness to the will of the people - whose job it is to represent
both parties are in the pocket of wall street - voters and citizens do not matter
time to throw the bums out and get some new parties”
they all claimed to be against it but voted for it anyway - typical politicians
total tone deafness to the will of the people - whose job it is to represent
both parties are in the pocket of wall street - voters and citizens do not matter
time to throw the bums out and get some new parties”
Knocking Down The Biggest Excuse For The Bailout
Commented Nov 25, 2009 at 07:25:57 in Politics
“What they should have done in the first place is stimulate the demand side and help mainstreet
lets start trickling up instead of down
think of all the credit cards, car, student loans and mortgages that would have been payed off or down, the money saved or invested - thus averting the crisis for the majority of people, not to mention the money that would have been spent back into the eocnomy on consumer spending
the TBTF finacial institutions should have been broken up allowed to fail - period
we on main street would be in a much better place today”
lets start trickling up instead of down
think of all the credit cards, car, student loans and mortgages that would have been payed off or down, the money saved or invested - thus averting the crisis for the majority of people, not to mention the money that would have been spent back into the eocnomy on consumer spending
the TBTF finacial institutions should have been broken up allowed to fail - period
we on main street would be in a much better place today”
Pelosi: 'We'll Never Have Deficit Reduction Unless We Have Job Creation'
Commented Nov 24, 2009 at 17:22:20 in Politics
“Wouldn't it be much better to put those shipping and stransportation jobs to work moving and EXPORTING US made goods rather than bringing in imports - many of which are of shoddy quality and questionable safety - and do not contribute to our economic well being?”
Pelosi: 'We'll Never Have Deficit Reduction Unless We Have Job Creation'
Commented Nov 24, 2009 at 17:20:42 in Politics
“You mean states like Minnesota whose bridges collapse because they can't afford to repair them?”
Pelosi: 'We'll Never Have Deficit Reduction Unless We Have Job Creation'
Commented Nov 24, 2009 at 16:32:51 in Politics
“Exactly
service sector jobs while they are good jobs in many cases do not have the multiplier effect that mfg does”
service sector jobs while they are good jobs in many cases do not have the multiplier effect that mfg does”
Realization replied on Nov 24, 2009 at 19:45:31
“And they don't produce the vehicles, guns, ships, clothing, and equipment needed to win a real war. You have to start with steel and such. Besides which there is a strong connection between machine tools, autos, and aerospace. Any country that is interested in the future needs to be in the lead in manufacturing.”
Pelosi: 'We'll Never Have Deficit Reduction Unless We Have Job Creation'
Commented Nov 24, 2009 at 16:31:36 in Politics
“No, but I am sure we would work for what Airbus pays”
bannorhill replied on Nov 24, 2009 at 16:42:21
“Not what they pay in China.”
Obama, the Teabaggers and Foreign Policy
Commented Nov 24, 2009 at 15:12:48 in World
“sorry
don't do links
explain whaty
tjhat some terrorists try to get to the US thru canada?
again - if we minded our own business like cnada we would have less wanting to do harm to us
man you neocons just don't get it do you”
don't do links
explain whaty
tjhat some terrorists try to get to the US thru canada?
again - if we minded our own business like cnada we would have less wanting to do harm to us
man you neocons just don't get it do you”
Obama, the Teabaggers and Foreign Policy
Commented Nov 24, 2009 at 13:11:34 in World
“IF attacked you fight back of course.
but that gets back to my original point - if you don't meddle you don't get attacked
Ever see Canada get hit by terrorists?
You sir are obviously no conservative
Again having our armed forcces spread all over the globe does not make us any safer and mostly provokes anti american sentiment
thats a fact jack”
but that gets back to my original point - if you don't meddle you don't get attacked
Ever see Canada get hit by terrorists?
You sir are obviously no conservative
Again having our armed forcces spread all over the globe does not make us any safer and mostly provokes anti american sentiment
thats a fact jack”
Obama, the Teabaggers and Foreign Policy
Commented Nov 24, 2009 at 06:39:27 in World
“bingo
real coservatism adheres to the principle espoused by most of our founders - avoidence of foreign entanglements
this is a lesson both neocons and neo libs need to relearn
our foriegn meddling is the very root of the anti american sentiment around the world and spreading our military out to thin costs too much maney and does not make us any more secure
Our peaceful neighbors to the north have it about right and tend to mind their nw business in world affairs - you never see angry mobs burning the maple leaf”
real coservatism adheres to the principle espoused by most of our founders - avoidence of foreign entanglements
this is a lesson both neocons and neo libs need to relearn
our foriegn meddling is the very root of the anti american sentiment around the world and spreading our military out to thin costs too much maney and does not make us any more secure
Our peaceful neighbors to the north have it about right and tend to mind their nw business in world affairs - you never see angry mobs burning the maple leaf”
C Pollard replied on Nov 24, 2009 at 11:26:56
“Ok, so when we are attacked by foreign backed terrorists we just take it? Oh, wait, it's our fault we were attacked because we got involved in the past right? This is old arguments and boring. It's a small world and we can and do make a huge difference for those seeking freedom from tyranny.”
Will The Unemployment Disaster Be Obama's Katrina?
Commented Nov 24, 2009 at 06:34:09 in Politics
“It alredy is. congress and the admin's coziness with wall street and tone defness to the real economy on main street says it all
in addition to Arianna's above listed items, you must add fixing or getting ut of our broken trade "deals" as Obama promised in his campaign
until this insanity of shipping jobs, industry, capital, technology and our directly related prosperity and national security offshore ends, then can be no real jobs recovery,
ours seems to be the only industrial country actively promoting and engaging the destruction of our economic engine, china doesn't do this, nor India, Germany or Japan for that matter = this is where we need an industrial policy to encoruage jobs, investment and innovation at home before going abroad”
in addition to Arianna's above listed items, you must add fixing or getting ut of our broken trade "deals" as Obama promised in his campaign
until this insanity of shipping jobs, industry, capital, technology and our directly related prosperity and national security offshore ends, then can be no real jobs recovery,
ours seems to be the only industrial country actively promoting and engaging the destruction of our economic engine, china doesn't do this, nor India, Germany or Japan for that matter = this is where we need an industrial policy to encoruage jobs, investment and innovation at home before going abroad”
Oakland replied on Nov 24, 2009 at 06:51:25
“Obama is a free trader. It is why he surrounded himself with the same people who destroyed our jobs and our economy. He resurrected Clinton and W.s hench men because they hadn't quite stolen everything yet.”
Chinese Drywall Leads To Corrosion In Homes
Commented Nov 23, 2009 at 21:43:26 in Business
“Don't forget the anti-freeze toothpaste
I guess the bright side of antifreeze in your toothpaste is it won't freeze after they shut off your heat when you've lost your job to outsourcing”
I guess the bright side of antifreeze in your toothpaste is it won't freeze after they shut off your heat when you've lost your job to outsourcing”
Obama, the Teabaggers and Foreign Policy
Commented Nov 23, 2009 at 16:23:34 in World
“True conservatives (of the Buckley, Goldwater type) would be against foreign interventionism and nation building”
C Pollard replied on Nov 24, 2009 at 01:05:54
“So, Kristol, Krauthammer, and others are not true conservatives?”
Obama's China Trip Ends; Currency, Trade Issues Unresolved
Commented Nov 23, 2009 at 09:21:00 in Business
“Exactly
when will he live up to his camaign promises to fix the broken trade "deals" and deal with the trade deficit?
I guess you have no leverage with your banker 8-(”
when will he live up to his camaign promises to fix the broken trade "deals" and deal with the trade deficit?
I guess you have no leverage with your banker 8-(”
Eggo Waffle Shortage: Kellogg Fights Plant Shutdowns
Commented Nov 20, 2009 at 22:54:43 in Business
“They closed their Allentown PA plant and sent most of that production offshore a year or so ago”
Dems Want Unspent TARP Funds For Main Street Bailout
Commented Nov 18, 2009 at 05:51:28 in Politics
“This is what they should have done in the first place
stimulate the demand side and help mainstreet
lets start trickling up instead of down
think of all the credit cars, car, student loans and mortgages that would have been payed off or down, money saved or invested - thus averting the crisis for the majority of people, not to mention the money that would have been spent back into the eocnomy
the TBTF finacial institutions should have been aloowed to fail
we would be in a much better place today”
stimulate the demand side and help mainstreet
lets start trickling up instead of down
think of all the credit cars, car, student loans and mortgages that would have been payed off or down, money saved or invested - thus averting the crisis for the majority of people, not to mention the money that would have been spent back into the eocnomy
the TBTF finacial institutions should have been aloowed to fail
we would be in a much better place today”
A Wake Up Call on Jobs
Commented Nov 17, 2009 at 07:35:08 in Politics
“If the current economy doesn't prove Friedmans theories on the free market wrong nothing wil even Friedman himself distanced himself from many of his ideas shortly before his death
you may try opening your mind to Galbraith or Keynes
Free market ideology belongs on the scrap heap of history with other failed systems like communism”
you may try opening your mind to Galbraith or Keynes
Free market ideology belongs on the scrap heap of history with other failed systems like communism”
Meaningless Fervor Over China's Exchange Rate Policy
Commented Nov 17, 2009 at 07:15:19 in Business
“Chinas currency manipulation is not at all "meaningless" to all the mfg workers in the midwest who are losing their jobs and US based mfrs who are losing their industries thanks to chinas artificial pegging to the dollar.
Chinas currency manipulation is an unfair subisiy to their exports and a defacto tariff on US exports.
If we ever hope to get our financial house in order we need to address the trade imbalance with china and others. theu US needs to get back to making things in the real economy if we want any kind of jobs improvement
IMHO, Geithner and the administration aren't getting tough enough on china and its unfair mercantilist trade policies”
Chinas currency manipulation is an unfair subisiy to their exports and a defacto tariff on US exports.
If we ever hope to get our financial house in order we need to address the trade imbalance with china and others. theu US needs to get back to making things in the real economy if we want any kind of jobs improvement
IMHO, Geithner and the administration aren't getting tough enough on china and its unfair mercantilist trade policies”
winningticket replied on Nov 17, 2009 at 11:10:13
“The US is one of the biggest currency manipulators in the world and blaming China for failed US policies is getting dull and boring.”
A Wake Up Call on Jobs
Commented Nov 16, 2009 at 19:49:50 in Politics
“LOL Friedman???? hahahaha”
Bladernr1001 replied on Nov 16, 2009 at 22:22:46
“This is what you liberals do.......any information that goes counter to your world view, you simply dismiss. This is not how you discover truth about anything. it is this closed mindedness that is destroying our country.
If you have any concrete information to support the legitimate critisizing of Milton Friedman's work by all means lay it on me. I did not see anything of the sort in this post.”
If you have any concrete information to support the legitimate critisizing of Milton Friedman's work by all means lay it on me. I did not see anything of the sort in this post.”
A Wake Up Call on Jobs
Commented Nov 16, 2009 at 19:48:59 in Politics
“Those jobs are but a small fraction of the total mfg jobs, nor do they have the multiplier effect that mfg jobs do
any losses in this area would be more than offset by putting people back to work making things
plus if we got back in the business of making things these same jobs would be put back to use EXPORTING products”
any losses in this area would be more than offset by putting people back to work making things
plus if we got back in the business of making things these same jobs would be put back to use EXPORTING products”
The Dilemma's Innovator
Commented Nov 16, 2009 at 08:25:14 in Politics
“A similar thing happens with Indianas property tax structure - those with newer more expensive homes saw breaks of up to 30% on their property taxes, while those of us with older homes in established neighborhoods saw our property taxes increase significantly to make up the difference
preperty taxes are regressive
this structure encourages sprawl and people buying new and discourages buying exisiting homes - hurting neighborhoods”
preperty taxes are regressive
this structure encourages sprawl and people buying new and discourages buying exisiting homes - hurting neighborhoods”
Dollar Falls On News Of Widening Trade Deficit
Commented Nov 14, 2009 at 16:05:49 in Business
“the M3 money supply increased when the gold std was removed - thus contributing to the inflation of the 70's one of the key problems that led to federal deficit spending and foreign borrowing
Several economists such as Blinder have suggested returning to a precisous metal std for all the major currencies to moderate the volatility of money markets and prevent currency manipulation
one of the key problems with china trade”
Several economists such as Blinder have suggested returning to a precisous metal std for all the major currencies to moderate the volatility of money markets and prevent currency manipulation
one of the key problems with china trade”
Obama: I'm "America's First Pacific President" (VIDEO)
Commented Nov 14, 2009 at 06:17:00 in World
“Yes - is it by design, or simple cluelessness?
I think its more the former than the latter - His economic team is populated with he usual cast of supply sider, free marketeers and "free" trade ideologues
Summers, Geithner, Goolsbee, Furman (who wrote a piece in praise of Walmart) Kirk and the list goes on
and pays no attention to real economists likeVolcker, Roubini, Morici, Stiglitz, Blinder, etc who have been sounding the alarms for some time on our reckless trade and economic policy”
I think its more the former than the latter - His economic team is populated with he usual cast of supply sider, free marketeers and "free" trade ideologues
Summers, Geithner, Goolsbee, Furman (who wrote a piece in praise of Walmart) Kirk and the list goes on
and pays no attention to real economists likeVolcker, Roubini, Morici, Stiglitz, Blinder, etc who have been sounding the alarms for some time on our reckless trade and economic policy”
Realization replied on Nov 14, 2009 at 09:09:15
“Agree. Summers and friends will never get it right. They have been part of the problem for years. Treasury has never made any positive input I know of into trade or manufacturing policy. Countries doing well have industrial policies and the industrial policy types can stand toe to toe with the finance types, who often are just set to make sure exchange rates favor exports, that FDI is controlled, and that capital is channeled to targeted industries.
And on economists, they are largely kept out of the decision making process. It's practical and targeted. Picking winners and losers? Not hard really. Just look at the numbers. And if you want to get really sophisticated, set up something like Project Socrates for industry.”
And on economists, they are largely kept out of the decision making process. It's practical and targeted. Picking winners and losers? Not hard really. Just look at the numbers. And if you want to get really sophisticated, set up something like Project Socrates for industry.”
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