Edit Preferences
Logout
therealredstateblues's Comments (1785)
View Comments:
Sort:
1 - 25 of 1785
Lloyd Blankfein Gives Thanks
Commented Nov 29, 2009 at 08:42:49 in Business
“Another point to be made - in JFKs time we were not facing the record deficits we have today either
Reagan cut taxes and presided over the then biggest deficits
Bush I raised taxes that Clinton kept in place that set up a budget surplus by the end of th 90s
Bush II cust taxes again and set us on the course of now out of control deficits”
Reagan cut taxes and presided over the then biggest deficits
Bush I raised taxes that Clinton kept in place that set up a budget surplus by the end of th 90s
Bush II cust taxes again and set us on the course of now out of control deficits”
Five Myths the Recession Taught Us
Commented Nov 29, 2009 at 08:37:43 in Business
“If anything the recession taught us your myths aren't myths at all but hard realities that had most followed there would not be a crisis today
savings, minimal debt mark to market all good”
savings, minimal debt mark to market all good”
Lloyd Blankfein Gives Thanks
Commented Nov 29, 2009 at 08:34:40 in Business
“Some good suggestions
however I would say 5% in item C is far too low - should be 20% or more
and D - this is tantamount to the old "blame the victim " GOP apologists so love, and discounts the role unscrupulouys lenders and their fine print legalese did to obfuscate borrowers. And we all who have been thru the mortgage process know that there are a lot of papers they hand you and tell you to sign here - with no time for real review etc
Item D should be "require financial institutions explain to customers the terms of their loans in plain language" and fully disclose all fees penalties etc”
however I would say 5% in item C is far too low - should be 20% or more
and D - this is tantamount to the old "blame the victim " GOP apologists so love, and discounts the role unscrupulouys lenders and their fine print legalese did to obfuscate borrowers. And we all who have been thru the mortgage process know that there are a lot of papers they hand you and tell you to sign here - with no time for real review etc
Item D should be "require financial institutions explain to customers the terms of their loans in plain language" and fully disclose all fees penalties etc”
Lloyd Blankfein Gives Thanks
Commented Nov 29, 2009 at 08:11:39 in Business
“Most would agree that the heyday of the US economy was from the late 40s thru the mid seventies
times when the tax rates for the wealthy were much higher than they are today”
times when the tax rates for the wealthy were much higher than they are today”
Lloyd Blankfein Gives Thanks
Commented Nov 29, 2009 at 08:07:28 in Business
“JFK proposed his tax cut from 90 to 70% hardly what would be considered a "supply side" windfall
He did this in part as a reaction to the mild recession at the time, and mostly to appease the growing Goldwater conservative movement and conservatives in congress, whose votes he needed on key issues- civil rights, cuba, m etc youy may want to go back and re-read your history.
People that make enough to be taxed 90% already have more money than they know what to do with - and work? if you call hanging out at the county club work - OK”
He did this in part as a reaction to the mild recession at the time, and mostly to appease the growing Goldwater conservative movement and conservatives in congress, whose votes he needed on key issues- civil rights, cuba, m etc youy may want to go back and re-read your history.
People that make enough to be taxed 90% already have more money than they know what to do with - and work? if you call hanging out at the county club work - OK”
Lloyd Blankfein Gives Thanks
Commented Nov 29, 2009 at 08:03:15 in Business
“No it didn't work - the early 80s were plagued with repeated and prolonged recessions and anemic job growth
Bush I raised taxes after pledging to read his lips
the 90s boomed under Clinton with higher upper tax rates than Bush II who cut them in the 00s
and of course the info is in the job growth though the entire decade was anemic at best - so Bushes tax cuts for the wealthy did nothing to stimulate jobs - except that it did encourage offshore investment
extremes uch as 100% rates take away from your argument.”
Bush I raised taxes after pledging to read his lips
the 90s boomed under Clinton with higher upper tax rates than Bush II who cut them in the 00s
and of course the info is in the job growth though the entire decade was anemic at best - so Bushes tax cuts for the wealthy did nothing to stimulate jobs - except that it did encourage offshore investment
extremes uch as 100% rates take away from your argument.”
Outsourcing India: For Obama And Singh, Democracy Means Business
Commented Nov 26, 2009 at 19:17:34 in Business
“The headlines on Obama's india trip should have read
Obama gives away the industrial store to india and sells out US workers once again”
Obama gives away the industrial store to india and sells out US workers once again”
vippy replied on Nov 26, 2009 at 20:59:30
“Exactly! Now that China is done with us we have to beg India, borrow from them to pay China LOL!”
Lloyd Blankfein Gives Thanks
Commented Nov 26, 2009 at 19:12:36 in Business
“GOP talking point much?
fact is there is plenty of blame to go around - unscrupulous lenders, greed corruption and recklessness on wall street - regulators asleep at the wheel, congress in the pockets of lobbyists”
fact is there is plenty of blame to go around - unscrupulous lenders, greed corruption and recklessness on wall street - regulators asleep at the wheel, congress in the pockets of lobbyists”
Lloyd Blankfein Gives Thanks
Commented Nov 26, 2009 at 19:11:04 in Business
“BTW the economy did just fine and created plenty of jobs when the top tax rates were 70-90%”
hp blogger James Altucher replied on Nov 27, 2009 at 13:56:22
“Oh yeah? When? When JFK cut taxes (well, he proposed the cut but Johnson passed it), thats when things boomed. When did they boom with 90% taxes. Would you work if you knew you were going to get taxed 90%?”
Lloyd Blankfein Gives Thanks
Commented Nov 26, 2009 at 19:09:53 in Business
“Cutting taxes for the wealthy sure has worked well for job creations hasn't it
the problem with your tired argument is that the supply side experiment has failed.
Small business creates WAY more jobs than big corporate anyway
most small businesses are created on shoestrings - these folks would have nothing to to fear”
the problem with your tired argument is that the supply side experiment has failed.
Small business creates WAY more jobs than big corporate anyway
most small businesses are created on shoestrings - these folks would have nothing to to fear”
hp blogger James Altucher replied on Nov 27, 2009 at 13:54:55
“Yeah, it did work. In the 1980s, 1990s, and early 00s.
Think about it. If you raise taxes to 100%, nobody would work and no revenues for the government would be generated. So somewhere between 0 and 100% is the right number. My guess is the right number is around 20% (as opposed to the current 40%). But I admit its just a guess. But raising higher than 40% seems dangerous.”
Think about it. If you raise taxes to 100%, nobody would work and no revenues for the government would be generated. So somewhere between 0 and 100% is the right number. My guess is the right number is around 20% (as opposed to the current 40%). But I admit its just a guess. But raising higher than 40% seems dangerous.”
Still Doing God's Work On Wall Street
Commented Nov 26, 2009 at 12:08:06 in Business
“the deck is so stacked against a third party its not even funny
And the media is in the tank and does a great job painting third parties as fringes and kooks
But we really should have more of the coalition parlimentary multi party style -
Our twoparty system is the political equivaent of the "too big to fail" corporation”
And the media is in the tank and does a great job painting third parties as fringes and kooks
But we really should have more of the coalition parlimentary multi party style -
Our twoparty system is the political equivaent of the "too big to fail" corporation”
Still Doing God's Work On Wall Street
Commented Nov 26, 2009 at 12:05:32 in Business
“Pitchforks, tar, feathers and flaming torches is an apporpriate method to take back the govt for "we the people"”
Lloyd Blankfein Gives Thanks
Commented Nov 26, 2009 at 12:01:12 in Business
“I like this
and also the idea of a wealth tax and corporate profits tax that is indexed to the unemployment rates when the unemployment goes up so does the upper income taxes, when it goes down the taxes go down”
and also the idea of a wealth tax and corporate profits tax that is indexed to the unemployment rates when the unemployment goes up so does the upper income taxes, when it goes down the taxes go down”
hp blogger James Altucher replied on Nov 26, 2009 at 17:55:11
“It doesn't quite work. So you are saying when unemployment goes up, take more money from the exact people who actually hire people. The end result will be that unemployment will go up more.”
In The Fed We Trust? Will The Senate Reward The Architect Of The Wall Street Bailout?
Commented Nov 26, 2009 at 09:47:57 in Business
“we wouldn't want propserity now would we?
favved”
favved”
In The Fed We Trust? Will The Senate Reward The Architect Of The Wall Street Bailout?
Commented Nov 26, 2009 at 09:45:43 in Business
“"It is simply inconceivable that in a constitutional Republic, the Federal Reserve can commit trillions of dollars to private companies with no vote of the Congress, no review, no audit, no accountability. How can the Senate even judge whether Bernanke merits reappointment without being able to look at his books? "
++++++++++++++++++++++++++++++
Precisely why most of our founding fathers abhorred a central bank. I concentrated too money and power in the hands of an unelected unaccountable body
the Fed has grown in power to such that it has become a fourth and dominant branch of govt - a branch that is not elected nor subject to any of the checks and balances that the legislature, judiciary and excutive branches must abide”
++++++++++++++++++++++++++++++
Precisely why most of our founding fathers abhorred a central bank. I concentrated too money and power in the hands of an unelected unaccountable body
the Fed has grown in power to such that it has become a fourth and dominant branch of govt - a branch that is not elected nor subject to any of the checks and balances that the legislature, judiciary and excutive branches must abide”
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”
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.”
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?”
1 - 25 of 1785
