It’s Always Hysteria with Some People

2009/03/22

The economy is bad, but in no way comparable to the Great Depression. Think 1974 or ’82. Though I respect Mr Obama, I do not support the current policy on helping the economy. It is money-centric games. We need to fight deflation, true. But this current imbroglio is a phenomenom of money and not actual productivity. People need jobs, housing, food. Get that in order, regulate phoney baloney financial manipulation, and that fixes most of our troubles. Careening from one financial scheme to another is no way to fix the economy.

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DNC Blasts Boehner For Claiming GOP No Longer Plans To Legislate

2009/03/15


The GOP doesn’t deserve the attention it gets. But the Media turn everything into a horse race. The GOP are counter productive lunatic traitors to our country. A pox on them!
More on Video
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Worst Week Ever: Republicans Unhinged

2009/02/28


I can hardly wait for the further slaughter the GOP will suffer in 2010. Becoming not just the minority party, but a minor party. If the 2008 was the GOP’s Stalingrad, then 2010 will be their Kursk, the death ride of the GOPWaffe, for you historical buffs. Essentially the GOP has decided they weren’t Rightwing enough, consequently they will be slaughtered in 2010 barring unforeseen developments.
More on Michael Steele
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Financial Follies: Is the Fed Encouraging Credit Card Company Foot-Dragging?

2009/02/26


The financiers all know, or know of each other. Additionally there is an extreme bias toward capital and away from labor. The Right is never concerned about “moral hazard” when high stakes white collar theft is the issue.
More on Economy
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The Credit Card Debt Crisis: The Next Economic Domino

2009/02/25


Oh, and look for a collapse in commercial real estate real soon.
More on Economy
Read the Article at HuffingtonPost


The GOP Gets a Swirly in 2010

2009/02/12

In the aftermath of the election and President Obama’s first days in office, I have been observing the reactions of the GOP and its internal dynamics. My conclusion is that they are moving toward their extreme, considering that they haven’t been “Right” enough. Therefore I predict that the 2010 elections will show that they have lost the last of the reasonable center types that once voted for them. The GOP will be not merely a minority party, but a minor party only regionally relevant.


Lets Start Fixing the Economy, Thoughtfully

2008/12/09

We have the rare opportunity to change our economic paradigm, from one designed in the 18th century and tinkered with, to a new 21st century model. Our entire method of raising, allocating, and spending has to become more democratic. We have suffered from severely overcapitalizing our economy as a whole since industrialization. We need to reevaluate what and which function are public and which are private.

Example: the car industry, as a model going forward. Presupposing an affirmative need for this industry in our country, the Federal government should do these things
1. Create a unit at the Commerce Dept. that can buy publicly traded securities. 2. Buy Chrysler, Ford, and GM, lock stock and barrel. 3. Separate the assets and liabilities. 4. The former corporate liabilities to be parceled out to agency sub units for debt liquidation, pension guaranty. and federal employee health insurance. 5. Determine approximately how much of a car industry America needs and retain a total number of plants and employees to do it. The federal gov’t retains ownership of the plants which are then leased by the companies. 6. The restructured, lean companies are each offered to the public through an IPO, whose proceeds are then used to fund the agencies ongoing activities.

This can be done with airlines, other critical industries, and renders moot anti-trust issues, as the new owners, the feds, can contractually obligate companies to some behaviors. Additionally long term planning instead of quarter by quarter stock manipulation becomes a vehicle of real value production.