fastcad

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  • Federal Commitments Now Total $5 Trillion
    Maybe the press should call it a new begining, since our ship is sinking fast.
    Dec 21 11:17 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Automaker bail-out or no bail-out, it makes no difference. OPEC loves $100 dollar a barrel for crude oil. As soon as this recession is over, it going back up. So what can we do? Glad you asked, America can out smart them by raising the gas tax till it reflects $100 per Barrel or about $4.00 a gallon. We are going to get $4.00 a gallon no mater what. We have been given a great opportunity with our cut in usage caused by the economic melt down. With $4.00 a gallon gas people will drive less and more fuel efficient cars which will save even more oil. With the tax money, mass transits and high speed trains can be built. Or we can let OPEC have the money. The choice is ours.
    Dec 08 12:21 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Does this mean the extinction of the endangered Hummer?
    We will lose the beautiful morning cry of 'Filler-up'
    GM loves those grandiose cars, OPEC loves them too.
    What are we to do?
    Dec 08 11:02 am |Rating: +2 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Lack of regulation, low capital gains tax are some of the factors that created this mess.

    Capital Gains tax 15%, I work for a living and pay over 30%.

    Lack of lending regulation caused the lenders to loan to anyone with a pulse just to get a fee. This caused the erosion of the value of underlying assets guaranteeing the value of bonds.

    Creation of wealth only occurs with natural occurring demand that is in line with the buyers ability to pay.

    This economic melt down proves real growth or creation of wealth does not come from eliminating regulations or cutting taxes, only greed.

    Our national debt has grown, with tax cutting.
    Home values have increased way more than there real value because of easy money policies and lack of regulation.

    Lowering the taxes on business and eliminating regulations help to get us into this mess.

    So old sailor how is cutting business taxes and removing regulations going to pay off the trillions needed for the economy's resuscitation?
    Dec 06 11:05 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    I hate to hear all the dumb Republicans who think the ecomony is a free-range chicken. All you have to do is lower taxes to the Investors, remove regulations and stand back. This assumes that the market is two dimensional creature that expands and contracts naturally and should not be interfered with.
    The market is a multi-dimensional, artificial creation of Human beings. Taxes and regulations are only a small piece of the whole. We absolutely foolish if we just stand back and let this income provider die because political dogma. Its our source for bread winning not a tool to punish inept CEO's. England let its auto manufacturing die, and now Germany and Japan have replaced them. It is dumb-American to give our auto Industry to China. We must not follow the same dogma that got us into this mess to bury us deeper.
    Our economy must be manage by clear thought, with a eye on the future. If can use these hard times to extract necessary improvements to the current system so that when the markets return we will be in a stronger position or we can behave like children (Bush) and do nothing now and buy all our cars in the future from some where else.
    Dec 05 11:06 am |Rating: 0 -1 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    I think we can think the Republicans and the Supreem Court for selecting George WMD Bush and allowing him to exercise Raganomics, limiting regulations and lowering taxes to creat wealth, for Obama's win. If giving tax welfare to investors and removing safe-guard regulation was going to creat wealth then why are we in recession? Voodoo economics do not work. Money and wealth has to be created the hard way, by working and paying taxes.
    Dec 04 12:28 pm |Rating: +1 0 |Link to Comment |View article
  • FDIC Graphs Show the Extent of the Financial Crisis
    You are right Gordon. I noticed the slow down of commercial real estate in early 2008. But the recession is not the same as the banking melt down. Both are acting together, and its really scary. I think the markets slowdown was caused by a saturation of products and services. It was true with commercial real estate but the slowdown (recession). The underlying asset melt down is a separate event caused by lending agents lowering borrowers standards to create more fees. Greed. Now the whole market will pay.
    Nov 26 09:22 am |Rating: +2 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    That's it, blame the incompetence of the Texas Republicans on the illegal aliens. Its not greed, its illegal aliens. No wonder that the lame Texas President thought he saw WMD's intermixed with large oil fields in Iraq. Too bad he was to dumb to know how to win a war.
    If you knew any thing about history, the slavers of the southern states and the religious fanatics of the northern states that started this country were all illegal aliens.
    Nov 25 10:28 am |Rating: 0 -2 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    The wackos in office want to believe in Reaganomics, where low taxes on investors coupled with minimum regulations will set the market free to grow beyond everyone's expectations.
    The market is not a free-range chicken. Investors capital gains are ordinary income. So giving welfare to the rich only gives them more money to invest. and lack of adequate regulation has caused the markets to run amock
    Nov 20 12:37 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Now that all of Bush's friends have been paid back for their support, its time to go home and wait for the coast to clear to get his.
    Nov 18 10:26 am |Rating: +1 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Bush at the G20 is still calling for less regulation. He just doesn't get it.
    Nov 17 10:32 am |Rating: +1 0 |Link to Comment |View article
  • The Reagan Counterrevolution
    It was GM producing gas guzzlers like the Hummer that will not sell with gas costing 4-5 dollars a gallon. If American auto makers would led instead of following fuel efficiently perhaps they would sell more cars.
    Instead, they make hummers and blame their stupidity on the unions.


    On Nov 09 09:34 AM surgcare wrote:

    > All you left wing "whinners" who supported Obama are about to find
    > out just how bad Obama , Reid and Pelosi can destroy america .Those
    > who think america is the greatest country are totally delusional
    > . Why is it that the american auto makers can't survive in their
    > own counry while foreign automakers like Honda ,Toyota etc are doing
    > well . UNIONS Wall street didn't bankrupt the auto and steel industry
    > and next the airlines , its the unions .
    Nov 09 13:12 pm |Rating: +3 -2 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    It seems that the right wing is not happy with the outcome.
    I along with the majority of America have seen the outcome of
    Reaganomics and they do not produce real wealth or real jobs.
    This ecomony runs on consumer spending not giving tax welfare to
    the rich. Everyone has to pull there own weight.
    The removal of regulations by the Republicans has cause our economy
    to run amok. It is like removing a regulator from a small engine, it will run very fast till it blows up.
    Believe it or not, the earth is warming up, which my cause extinction of the human species, so what good is money if your dead.
    As Bush put it in so many ways, "my way or the Highway", well the people voted.
    Nov 05 10:45 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Paul Krugman of the New York Times has been calling Mr. Greenspan
    a political hack for years. Too bad we had to learn the hard way.
    Oct 23 15:43 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Our whole economic system has been run by hacks with political agendas
    for years. This implosion of "our" economy was brought about by greed. It is not a free market, never was and never will be. To use our system of business to just make as much money as can until it breaks is unpatriotic since we are the 'united' states, all of our interests are interconnected. We will all hang together or work together. Removing regulations from the financial markets to promote unrestricted growth and easy money caused greed to fester. This crash proves that all of us have a stake in the economy, workers, investors and consumers. Regulation is very important even if it restricts growth. I do not care.

    Now I feel better.
    Oct 23 10:57 am |Rating: 0 0 |Link to Comment |View article

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