StreetScooby
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Everything posted by StreetScooby
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I understand the issue surrounding lack of demand. I see that as a result of a society that has become too dependent on government spending, and/or government activity in the markets (e.g., CRA and subsequent issues as described in the Pinto dissent here: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf). Also, Obama is saying increasing taxes on the rich, and corporations, will solve everything. He's numbers don't come close to adding up. Even if he takes all of their money, it won't cover his deficit, much less deal with our country's debt problem. It is simply insane. Enjoy the weather today! We are all engines of karma
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Some views from today's articles: Obama's Statism vs. the Self-Made Man Obama to entrepreneurs: Your success belongs to the state We are all engines of karma
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I am certain you understand my point, but are in a mood tonight to do whatever it is your doing here.... This country has a spending problem. Raising taxes is not going to do anything -- ANYTHING -- worthy of note wrto resolving this spending problem. We need to cut spending, and massively so. To think that raising taxes is going to have any significant effect on our spending problem reflects a detachment from reality that I find breathtaking. We are all engines of karma
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Because they're spending too much money on other stuff. We are all engines of karma
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And current taxes should already be paying for that. He doesn't need to tax businesses more for this. We are all engines of karma
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I just came across his videos recently. I can't say I've verified his numbers, but they line out with rough back-of-the-envelope numbers I've seen (...and no, I don't have citations for them). We are all engines of karma
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So, you don't like the guy? We are all engines of karma
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I found it to be a thoughtful presentation of the dire financial straits our country is in. Please watch it when you can. I'm interested in your thoughts on it. We are all engines of karma
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Watch the video, please... We are all engines of karma
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Obama's tax increases aren't going to do squat for our country's spending problem. EAT THE RICH! We are all engines of karma
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Obama, and his administration, haven't demonstrated good judgement in many areas, including their investment banking activities. We are all engines of karma
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These things are already payed for, or at least should already be paid for, with current taxes. Obama's argument is that he should be able to take more money from "successful" people at his discretion to pay for things he sees fit to deem "for the public good". That's my take on this. We are all engines of karma
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+1 We are all engines of karma
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Who Do You Think Will Be Romneys V.P.
StreetScooby replied to Gravitymaster's topic in Speakers Corner
I am not surprised... We are all engines of karma -
Yes, I do. Obama, and Elizabeth Warren (corporations are not people!), and Nancy Pelosi, et. al., think the government has primacy in our country. They've got it completely backwards. We are all engines of karma
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It's not so much the "rich" that are the engine of the economy as it is the entrepreneurs. Liberals seem to have a hard time understanding that, including our current president, IMO: http://www.dailymail.co.uk/news/article-2174160/Obama-says-wealthy-ARENT-responsible-success.html BTW, I deliberately used another source besides the WSJ just to demonstrate to ShcShc11 that I read more than that. In case you didn't know, the DailyMail is a liberal paper in England. To be honest, I usually just read them for their celebrity news and pictures We are all engines of karma
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I admit that I read, and value, the WSJ daily, but I don't think it's fair to say that's my only source. Anyway, what has the WSJ been wrong on, and why? Just curious to further understand your perception. Are you referring to Say's law, or one of it's modern derivatives? http://en.wikipedia.org/wiki/Say%27s_law We are all engines of karma
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Good looking Meeker! We are all engines of karma
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Derivatives are best viewed as insurance policies, no more, no less. These physicists use what is basically a heat transfer equation to price derivative contracts. One of the main problems with applying engineering equations to finance is the lack of conservation principles in financial markets. Engineers can absolutely, and always, rely on conservation of mass, energy and momentum. There are no effective conservation principles in finance and economics, that I'm aware of. We are all engines of karma
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You seem to be contradicting yourself here... Paying down debt is still spending money. Saving it is not paying down debt. We are all engines of karma
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+1 IMO, most liberal mathematicians really don't seem to understand inverse responses, except when they're arguing for more Keynesian spending. We are all engines of karma
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And hopefully the job is in the private sector... We are all engines of karma
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Exactly, yet Liberals continue to harp on it like it's going to actually accomplish something. Their math skills don't impress me. We are all engines of karma
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How much money do you think that's going to bring in? Do you really think it will address the huge deficit? We are all engines of karma
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Looks pretty convincing to me... We are all engines of karma