Investment
Bush Tax Cuts
- Normxxx
- axolotl
- permabear
- permabear
- axolotl
- permabear
- axolotl
- permabear
- Normxxx
- axolotl
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» Normxxx - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by axolotl:
No need to worry. W and the gang are well on the way to converting the US economy and society to the South American model, e.g., Brazil or Argentina.
I never realized how prescient "Soylent Green" was.
See also "Soylent Green" (movie, with Charlton Heston, Leigh Taylor-Young, Chuck Connors, Joseph Cotten, Brock Peters)
P.S. You mean Warren chose his parents? Or, did he earn them through hard work and perseverence?
-- posted by Normxxx
» axolotl - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by Normxxx:Warren is sort of a one subject genius - it is investing money with him and not much beyond it. If he doesn't like Bush for instance, then why didn't he run for Prez? I really don't see the point of making additional billions after the first one.
He does not understand DNA or he would not have the idea that he could have been born to parents in Africa because he likens who one's parents are to a lottery. I read the article on Carlos Slim in the WSJ - he was on vacation in Europe and spent a couple of hours trying to get a tie for $10 off and he did! Billionaires are strange people. If it had not been for Binny Laden and 9/11, Bush would probably been regarded as a President of relatively good times.
-- posted by axolotl
» permabear - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by Normxxx:
No need to worry. W and the gang are well on the way to converting the US economy and society to the South American model, e.g., Brazil or Argentina.
Norm,
This has been a concern of mine for some time. With the GOP in power for such a long period of time, they are really skewing the tax system and overall economy in favor of the rich. The middle class continues to scrape by with dual incomes and debt. But if both of us are right and the s__t hits the fan in the coming years, the middle class will lose their jobs, the poor will be out on the streets just as they were in the Great Depression and the rich will hide behind their gated security communities. Instead of nannies, the rich will have to start hiring security for their children, just as they do in South America, to prevent kidnapping which is rampant down there. So these economic trends the GOP is imposing on America will be good for no one in the end.
-- posted by permabear
» permabear - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by axolotl:
Warren is sort of a one subject genius - it is investing money with him and not much beyond it.
I love how the right loves to attack the messenger. Warren Buffet is not alone in being vocally opposed to the direction the Republican Party is taking the country. George Soros is another billionnaire the right loves to hate. Another billionnaire, Bill Gates, is a well known opponent of the elimination of the inheritance tax. So all these best of the best when it comes to making money are all dopes right?
Others that are on the right's hit list are college professors and the big newspapers across the country. What do all these people have in common I ask you? How about being extremely intelligent and knowledgeable about the subjects they partake in. You know where else the scholars and intellectual elite are also persecuted? Try Iran, North Korea, China during the Cultural Revolution, Zimbabwe. The right may not be putting the most accomplished and intelligent in our society in gulag's. But if you listen to right wing radio, you here endless hate directed at the brightest and most accomplished in our society, because the right can't stand common sense and intelligent, well thought out conclusions.
-- posted by permabear
» axolotl - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by permabear:
Yes, the Left seems to have a lot of billionaires and millionaires who claim that they want to be taxed more. Why don't they just write a check to government? Why don't they move to Cuba or Venezuela? Hollywood likes Chavez - Shawn Penn and Danny Glover have lauded Chavez for his moves towards a socialist paradise. If Hillary is elected, it will be Soros directing behind the scenes. Maybe Fidel Castro will contribute to Hillary's campaign - he has a lot of money. Hillary will shut down that right wing speech on radio and require that everyone listen to National Public Radio. All good socialists think alike and see the true path to the paradise of equality.. One nation, under socialism, for socialism, forever.
-- posted by axolotl
» permabear - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by axolotl:
Perhaps the scientists know a few things about things they also have the greatest expertise in like climate change. Perhaps the biggest newspaper editors around the country know a few things about politics. Perhaps college professors are generally liberal because liberalism makes the most sense when things are analyzed to their deepest levels.
As far as tax policy is concerned, while I critique the left for big spending ways, I am much more critical of the Republican Party for fiscal irresponsibility. It's one thing to cut taxes. But if you don't cut spending along with taxes, as Reagan, Bush and Bush have done, then you end up with huge budget deficits. And that's what the Republicans have brought us with their economic policies. From an economics standpoint, while tax cuts may be stimulative in the short term, if you keep running eternal deficits, you end up with big-time problems in the long term.
-- posted by permabear
» axolotl - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by permabear:
They are simply following the example of the great "Saint" Roosevelt. BTW, Permabear, the dollar has a record of inversely following the oil price so if you want a strong dollar, the price of oil needs to drop.....and there is at least one prediction in the latest Barrons that oil will drop in about a year. More production from Iraq and Mexico is considering letting foreign oil co.s into Mexico.
-- posted by axolotl
» permabear - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by axolotl:My investments have been directed towards a weak dollar, and that includes holding energy investments, gold and foreign bonds. I also believe that the supply/demand situation in the world favors a higher trending oil price, as does Middle East instability. Remember also, that a weaker dollar is inflationary. When the dollar goes down, the price of imported goods goes up. I think this is one unspoken reason the Fed did not change their bias today. If they start lowering rates, they could weaken the dollar further, which might also set in place the environment for increased inflation.
The one intangible for me is recession. If we go into recession, which is a very real possibility, the price of oil, along with all commodities, may drop. And I really have no idea which direction gold would go in a recession. It could be an old stand-by safe haven investment. Or it might go the direction of oil and other commodities during a recession: down. So even for me, if everything went as I predict in the economy, I might not be invested correctly, because a lot of things are unpredictable. Of course there is always cash. Returning 5 % in a money market fund is not that bad an idea in the current investing environment.
-- posted by permabear
» Normxxx - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by axolotl:
If we had left SH alone, Iraq would be producing about 20% more oil today, the price of oil might be around $40 - $50 dollars, some 3600 GIs would still be able to come home to their families, and the US would be about $1 trillion richer.
I don't see why we didn't just send Rumsfeld over to smooth talk him the way we did when he was fighting Iran and gassing the Shi'ites and Kurds.
-- posted by Normxxx
» axolotl - WARREN HAS IT WRONG AGAIN
In response to WARREN HAS IT WRONG AGAIN posted by Normxxx:
Yes, Saddam was allowing the oil infrastructure to deteriorate, but somehow production was going to increase? Saddam was one dumb villain because all he had to do was allow the UN inspectors to go anywhere at any time and thus prove there was no WMD being developed. Binny Laden and Saddam are very responsible for the current situation - don't you agree Norm and Permabear? I blame Bush for not recognizing that taking Saddam out was going to be the easy part. The deaths in Iraq should include the 900 (?) American private employees and 1000 of the allies(?) and thousands of Iraquis. Let us all hope that a stable Iraq government is achieved soon so we can exit most troops and the Iraquis take over the police work.
-- posted by axolotl
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