Socialism cannot compete!

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  • The Decline of Davos
    No other nation suffers from our politically correct thinking...so what we will see is other countries go "protectionist&qu... and the U.S. will shy away from it due to the stranglehold of the left-wing globalist cabal. That's when the real pain begins.
    Jan 08 16:48 pm |Rating: +1 -1 |Link to Comment |View article
  • The Stimulus Plan Is Starting to Stink
    Sorry frosty, I just can't let this one go by -- you are PLAIN WRONG. It was the GOVERNMENT who pushed subprime lending. It is *government* that does not know how to run business -- this is fundamentally true because government never has to "make money" -- it just harvests off the people via taxation.

    Read these for some factual background on the subprime mess:
    www.mediacircus.com/20.../

    online.wsj.com/article...

    It is worth noting that this took off in earnest in the 90s, during the Clinton tenure!


    On Jan 08 09:23 AM frosty wrote:
    > The private sector is precisely what
    > got us into this mess making a fortune of sub-prime and other debt
    > obligations. The government helped a lot with lax or no regulation.
    Jan 08 13:11 pm |Rating: +1 -4 |Link to Comment |View article
  • Yesterday's Sell-Off Is Not Worrisome
    Bullish? On what basis? Did you see the payroll number from ADP? Have you looked at manufacturing?:

    seekingalpha.com/artic...

    How about the geopolitical events? In the above article, I will note my own post:

    [quote]
    "Then ask yourself, what happens to the economy if even one more big thing hits the fan???

    1) Hamas vs. Israel -- ceasefire? or escalation with more participants?
    [end quote]

    That was just yesterday. Then this hits the fan today:

    www.foxnews.com/story/...

    Folks, do any of you not have the sense that there's just waaay too much going on out there? This is no time to be bullish. I'm going long guns, gold & canned goods. Call me a "bunker dweller" and laugh if you want -- people laughed at Peter Schiff a few years back too. Reread my post from yesterday. Look at what is going on around the world...and how many *big* risks are cropping everywhere.

    EVERYTHING would have to fall into place for the market to have a chance at a positive year in 2009. This may sound like just sentiment-based bearishness...but it's not. It's based on recent economic data -- the fundies are not only not improving, they're getting dramatically worse. And geopolitical events are escalating.
    Jan 08 13:01 pm |Rating: +1 -1 |Link to Comment |View article
  • What Is Going On With Gold?
    "Of the two, the U.S. is the far superior economy."

    Oh really? Which is the more highly leveraged? Japan didn't fall so far into the trap, since it was still digging out from its own banking issues of the last 10-15 years. And who has more manufacturing capacity? The U.S. has become a largely service-based economy. I don't know what your definition of "superior" is...but I'd suggest you find a more objective one!
    Jan 08 12:19 pm |Rating: +5 -1 |Link to Comment |View article
  • Bill Gross: Buy Early What the Government Buys Later
    Was this economic crisis planned?

    www.worldnetdaily.com/...



    On Jan 08 11:30 AM constructe wrote:

    > It is sad watching the market become dependent on government pandering
    > and givaways. I agree spending some on construction and better and
    > faster tech infrastructure. A few billion.
    >
    > Do we really need more police, more firemen? We are expecting a great
    > rise in crime and fire? Sadly, I think 90% of all spending will go
    > to unsustainable overhead which will only add to the pain as economies
    > become less efficient than more. A million more paper shufflers does
    > nothing to help anyone.
    >
    > Maybe I'm just cynical after watching the bank bailout. Hundreds
    > of billions have gone to them with the Fed backing just about every
    > instrument under the sun with no outcome besides a slight move in
    > Vix and the survival of our worst companies in America (Fannie Mae,
    > Freddie Mac, Citibank, AIG, etc.) Can you blame me.
    Jan 08 12:02 pm |Rating: +1 -2 |Link to Comment |View article
  • Bill Gross: Buy Early What the Government Buys Later
    You assume that credit is going to be the basis of the economy going forward. Question *all* assumptions.

    On Jan 08 10:20 AM Emerald wrote:

    > You are correct in tht Bill Gross is talking the PIMCO book, but
    > it's where the yields and profits are now! The credit market has
    > to recover before the stock market has any sustained momentum.
    Jan 08 12:01 pm |Rating: +1 -1 |Link to Comment |View article
  • Obama - Stop the Bailouts, We Want to Get Off
    The ONLY answer is to drastically downsize government and its spending...replacing consumer spending with government spending will NOT work long-term. We all know that. The way to ramp consumer spending back up is to give us back OUR money so that we can get out of debt and begin spending out of savings instead of on credit. This requires massive, permanent tax cuts...actually, complete overhaul of our taxation -- a move from confiscatory taxation to consumptive taxation, so that there is no initial hurdle and we can choose where to allocate all of our own money. This need not be painful -- with systems like the Fair Tax, only discretionary spending is taxed, and there are "prebates" so that noone is taxed below the poverty line. (fairtax.org)

    What the government is doing right now is the opposite -- continuing to tax, even increasing taxation...and ramping up government spending. The debt that is being created to do this is HUGE hurdle for long-term growth. Big government is the SOURCE of this bubble and has been building for decades. Why can't we see that?
    Jan 07 17:41 pm |Rating: +3 -1 |Link to Comment |View article
  • Great Depression 2.0: Acceptance is Spreading
    People sneered at Igor Panarin's theory, which has made the news lately. I think his train of thought is right on...my only quibbles with his scenario is that his map of regions is a bit off. I think the U.S. federal government is on its last legs...at least in its current form. It's not that the Constitution or the basic foundations of our system of government are flawed...it's that they haven't been adhered to -- and a "right-sizing&quo... and "correction" of major proportions is about to take place.
    Jan 07 17:06 pm |Rating: +1 -3 |Link to Comment |View article
  • New Mortgage Bankruptcy Bill Does Not Address Real Problem
    I think I'm gonna head for somewhere remote in Montana or Alaska...where no assessor can physically get to...and build me a nice log cabin on government land. I'm done paying through the nose for this socialist government crap!!
    Jan 07 13:40 pm |Rating: +2 -3 |Link to Comment |View article
  • Let Substandard Businesses Fail: Survival of the Fittest
    No. I REFUSE to pay for others' healthcare. Vast amounts of the increase in health costs are personal choices -- smoking, excessive drinking, eating fast food, insufficient exercise, etc. Why should I pay for your bad choices? The answer is NOT socialism, it's a return to PERSONAL RESPONSIBILITY. Let's be plain about what that means: no more government sugar-daddy!!! Time to DOWNSIZE government radically -- and if you want to use the resulting tax cut for healthcare, fine...that's YOUR choice. If I made good choices and can use that tax cut for other things -- THERE is your job growth and entrepreneurship booster...because those who have made good choices should be rewarded for them, not made to help pay for the poor choices of others!!! Those concepts have been tried and have failed every time. Bubbye.


    On Jan 07 11:36 AM Joyful Alternative wrote:

    > Before we let all these businesses crash, we must install single-payer,
    > universal health care. Then all those who lose their jobs will be
    > able, if they choose, to start their own businesses, as contractors
    > to the surviving businesses in their field, as niche suppliers in
    > that industry, as start-up competitors in that industry, or even
    > converting their hobbies into paying work. Let a thousand flowers
    > bloom!
    Jan 07 13:38 pm |Rating: +1 -1 |Link to Comment |View article
  • Great Depression, Ominous Political Headwinds and the S&P 500
    "Without the Great Depression, it is difficult to visualize the sharp rise in the popularity of the Nazi Party."

    While it is clear that the Depression hastened the rise of the Nazi party, it is equally clear that it (or something much like it) was coming regardless -- Nazism was a result of atheistic Hegelian-Marxist philosophies taking hold, not of poor economic conditions, which merely served to increase its palatability. If you look around the world today, you will see those same Hegelian-Marxist philosophies have taken hold in many other places, as entailed by notions that the individual is there for the good of the state, rather than vice-versa. And if there is no God and no intrinsic, infinite value to each and every life, including those who are perhaps deemed "inferior" by way of genetics, disability, or age...then we are free to choose who is of benefit to society...or is just a cost that can be eliminated. Here in the U.S. we already do this -- we call it a "woman's freedom to choose". Not unexpectedly, there has been an economic cost -- over 35 million potential workers, taxpayers, and home buyers were not born as a result.

    Wake up people.
    Jan 07 12:48 pm |Rating: +2 -7 |Link to Comment |View article
  • The Ultimate Game Changer: Why 2009 Will Be Worse Than 2008 (Part 1)
    We've got a loooong way to go before we bottom!! My evidence?

    1) Manufacturing just tanked big-time in December.
    2) The ADP job loss number was 693,000...more than a tad bigger than expected. ADP hasn't always been the most accurate with its numbers...but given what has been going on, it sure seems to fit this time.
    3) We still haven't bottomed morally -- Madoff walks, baseball players are still signing $100+ million contracts to play a game. Somehow, these are both very grim indicators of a bubble society which still isn't placing its value on the right things nor demanding (and receiving) justice.
    Jan 07 12:38 pm |Rating: +9 0 |Link to Comment |View article
  • Manufacturing Collapse Reminiscent of Great Depression's Beginning
    Was this economic crisis planned?

    www.worldnetdaily.com/...
    Jan 07 12:08 pm |Rating: +2 -4 |Link to Comment |View article
  • The Obama Plan: Overweight Fiscal?
    Was this economic crisis planned?

    www.worldnetdaily.com/...
    Jan 07 12:07 pm |Rating: +2 -2 |Link to Comment |View article
  • Good Time to Put Cash Into Equities - Encouraging Signs Abound
    Dow 5000 before April. Mark my words. Anyone who thinks we somehow turned a corner just because we are out of 2008...is delusional. Manufacturing just dropped off a cliff. So many ripple effects have yet to hit the fan. We are seeing a sudden glut of political scandals. Social unrest is in the wings. If you wanna look at technicals and base your moves on that...go ahead -- there are always two sides to a trade, and I need someone on the other side of mine.
    Jan 07 03:09 am |Rating: +1 -2 |Link to Comment |View article

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