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Comments (38) (Please sign in to comment)
MortyForTyrant said, 5 months ago
Yeah, I get that feeling too, especially when I hear Boehner talk about “revenue”. He means “taxes” but is afraid to use the word, because “increasing revenue” sounds great to his masters while “raising taxes” puts their teeth on edge.
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The GOP is finished. Their last best hope was Shrubs attempt to make his tax-cuts permanent before everything collapsed. Congress didn’t buy it, as well as privatized Social Security. Good for them! Please try to recollect every post-apocalyptic horror-movie you ever saw when imagining how America would have looked like in January of 2008 if SS would have been in the hands of Wall Street…
Chillbilly
said, 5 months ago
If the only thing you have in your platform is protecting rich people, and you can’t even do that with any level of competency, then you deserve to fail.
Jase99 said, 5 months ago
Romney had jobs in his platform.
For China, maybe, but not for the US.
mickey1339
said, 5 months ago
@MortyForTyrant
January 2, 2008 DJIA was 13,043.
Fell during 2008, started recovering again and today is once more 13,195 and is approaching all time highs. Today, Interest rates are effectively negative (relative to inflation) and real estate is still in the toilet for prices. I would say everything except the market is showing a lot more weakness in earnings. If anything is a horror story it is the fiscal condition of the government…
I don’t endorse Bush’s plan in it’s entirety, but I do think people should be more proactive in their own financial planning rather than leaving it up to government.
http://stockcharts.com/freecharts/historical/djia2000.html
Dycel
said, 5 months ago
@
What “jobs” specifically are these?
Funny the Chinese have a growing problem with their solar panel factories, seems they took a page out of GW’s loan money to everyone without checking their ability to pay it back.
The growing market glut in solar panels is not allowing any one plant to capture enough of the market to run a profit. Most of these factories were funded by local district banks and stressing them because they are defaulting on their loans.
The flood of cheap panels have driven our solar industries up, you can now get a complete system installed for free by agreeing to let the solar supplier sell the power generated. You get your power bill halved for the use of your property.
But to the gullible howzit and friends on the bus any story about China has to be twisted just like they are.
dapperdan61
said, 5 months ago
Maybe congress is biding their time waiting for 12-21-2012. Of course by then they’ll be in recess after the 15th & will leave this hot mess for the next congress to deal with in 2013.
M Ster said, 5 months ago
The GOP leaders are in a tough spot. Time is not on their side. If they give in now, they look weak. If they don’t give in now, the fight will continue in January with fewer Republicans in the House and Senate, and of them, fewer Tea Party members (like Jim Demint).
DrCanuck said, 5 months ago
Gas prices are ’way down; Stock Market is ’way up.
Well done, Mr. Obama; and thank you.
ansonia
said, 5 months ago
@
From the Urban Dictionary:
herp derp: noun:
1) Something idiots say. Usually it is supposed to indicate stupidity in somebody else, but the person saying it is usually the dumb one.
2) A phrase said by idiotic morons who think they are cooler then they actually are.
ansonia
said, 5 months ago
@Chillbilly
If the only thing you have on your platform is taxing the rich, which gives you $90 billion a year, with $1.3 trillion a year in deficit spending, you will fail.
ansonia
said, 5 months ago
@DrCanuck
“Gas prices are ’way down”
.
Then Obama has failed. He said he wants high gas prices.
mickey1339
said, 5 months ago
@Dycel China is used to subsidizing directly through businesses or indirectly through the banks. It’s all part of their growth program. They are committed to resizing and restructuring the industry to maintain their dominance in manufacturing, both for growing internal usage and export. The American installation industry is the real benefactor here, as long as they can continue to get cheap solar panels to sell. The U.S. is looking at putting a huge tariff on Chinese panels but that doesn’t necessarily help our industry. Then we are right back at a higher production cost to be passed through to the installers and consumers. Very complex issue with no easy answers.
http://www.nytimes.com/2012/10/12/business/global/us-places-tariffs-on-imports-of-chinese-solar-panels.html?pagewanted=all
http://www.forbes.com/sites/uciliawang/2012/10/16/report-180-solar-panel-makers-will-disappear-by-2015/
runar
said, 5 months ago
More like a towerof babble.
mickey1339
said, 5 months ago
@runar
Or a tower full of babblers.
braindead08 said, 5 months ago
@mickey1339
“I don’t endorse Bush’s plan in it’s entirety, but I do think people should be more proactive in their own financial planning rather than leaving it up to government.”
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Absolutely, people should be more proactive in their own financial planning. SS is not much to live on, even if Medicare takes care of most health costs.
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But then, people are also up against the financial industry. Republicans fight like Hell against any regulations or disclosure requirments of the financial industry, enforcement of existing regulations, and anything on the side of consumers.
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For example, Congress and/or the SEC could charge a tiny amount for each transaction, which would end the front running computerized volume trading.
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Republicans could write simpler regulations and fund enforcement departments rather than filibustering them. They could also hold and/or participate in hearings where business practices could be examined in open sunlight.
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And, of course, Congress could eliminate insider trading by their associates.
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BTW, I follow the S&P rather than the DOW, and it was at 735 when Obama took office and is 1419 today. Also, real estate is off the bottom and climbing in my area.