Posted on 07/13/2008 3:31:33 PM PDT by Sleeping Freeper
Exactly, and why tariffs should have been imposed a long time ago along with additional taxes for megacorporations that got the benefit of slave labor at the expense of American jobs.
Yes, as a matter of fact I am in 2012 for Congress. I had planned on retiring at 40, just around the corner. I was going to sit in Costa Rica and have a ten hour work week setting up a website to connect people in need by religious denomination. Now, I have informed my wife I will be working through 2016. I was surprised how much she supported me in that decision. She has tolerated several years of very long business hours and such. I am selling off my Consumer Health business this summer, doing a light management contract for two years and meanwhile, setting up a fund for guys who want to run for office but can’t take the year off without those special RNC or DNC ‘sponsors’. Boy are they going to love me up there on the Hill LOL.
</sarc>
Artificially propping up American wages because Americans can't compete with other, more efficient entities isn't the answer.
Forcing them to do the jobs that Americans won't do?
What state/district?
Nice!
Watch your back, though, my FRiend!
You’re exactly right.
Unfortunately.
If government facilitates the global free market and manipulates it, all American citizens are entitled to the benefit.
Another example: Businesses on the Mexican border. Should they hire illegal aliens? Sure! Nationalize them first and have them pay taxes! I don’t mind what megacorporations did, but the little guy was thrown no bone to preserve the over-all American economy which these megacorporations are still anchored to. No economic plan domestic or global should be 1D.
Ok, so oil is $140 a barrel. Democrats plan is to sue OPEC while ignoring the constituents for 30 years. Perhaps the Dems should have more then 1D thinking and added to our OWN domestic supply while pandering to globalization. Any form of globalization is no different, if you suck money out of the American system, then the money supply must be replenished with effective policy. Now we see the that the U.S. taxpayer is going to foot the entire tab of socialism and globalization.
That is not socialism or fructose corn syrup, it is called planning for realities which this government is lousy at. Lousy at research to deal with realities on the ground and reactive to all extremes. Now many of the multinational firms are losing there free lunch, nations don’t need us as much anymore and nor can these companies find more domestic opportunity, because the American consumer is tapped out. How is that free lunch? I can tell your a capatalist. So am I. But the free market is either free or it is manipulated. Since we both know that it has never been entirely ‘free’ tax policy should be aimed at companies reaping the benefits of the American economy but not contributing to repleneshing the supply. That is Congress job and the House banking committe, not mine but tariffs and taxes would have helped then. Now 97% of our citizens will pay the tab.
Maine
Yes, we think alike.
Not my usual cup of ytes, but...
Rumor has it that trading was halted for National City Bank (midwest regional institution, call it a five state coverage) today, stock price in freefall on insolvency fears, then trading re-opened for a minor rally. Internet check showed share prices dropping from around $30 six months ago to around a buck a share today.
Further rumor puts Key Bank, a similarly sized and located institution in similar straits, but maybe a step or two further from the wolf’s door.
In my utterly uninformed opinion, the eistence of these situations, local and not making the national radar as yet, implies at least a possibility of the existence of other similar situations in other locales outside my usual reach.
YMMV.
FWIW...
Interesting- good to see you jeffers :)
In light of that- here’s a thread that may interest you as well...
http://www.freerepublic.com/focus/f-news/2045429/posts
What speculators? I guess anyone that owns oil stock
could be considered a “speculator”; Perhaps you may have
noticed that energy stocks are the only thing going up.
A big bailout will nationalize the Real Estate Industry!
I know that.
The United States government can not let these two mortgage lenders fail!
As shown in the past time and time again, government involvement in free enterprise and personal freedoms always leads to less of both.
"Congressional attacks on speculation do not alter the oil market's fundamental demand and supply conditions. What would lower the long-term price of oil is for Congress to permit exploration for the estimated billions upon billions of barrels of oil domestically available, not to mention the estimated trillion-plus barrels of shale oil in Wyoming, Colorado and Utah. Some politicians pooh-pooh calls for drilling, saying it would take five or 10 years to recover the oil.I guarantee you we would begin to see a reduction in today's prices even if it took five to 10 years for us to get the first barrel. Put yourself in the place of an OPEC member knowing there would be a greater supply of U.S. oil five or 10 years, hence maybe driving oil prices lower to say $40 a barrel. What will you want to do now while oil is $130 a barrel? You would want to sell as much oil now and OPEC's collective efforts to do so would put downward pressures on current oil prices. Right now the U.S. Congress is OPEC's staunchest ally."
-- Walter Williams
I did too, but that strikes me as unlikely. I could see the Fed buying their bonds but not their stock. But in this environment, who knows?
“Thank you, I’ve also been told the use of credit cards helps expand money supply. If so, how and what %?”
Well that credit acts like money, so in that fashion it is like any other extension of credit by a bank. As you may know banks extend credit as a multiple of their deposits. The money supply increases when local banks extend loans.
But as to the % I have no idea. It’s surely a much smaller number than the expansion due to loans that banks make against their deposits. It’s probably accounted for in one of the Ms but I don’t know which one.
This site says credit cards are not counted in the money supply:
http://economics.about.com/cs/money/a/credit_cards.htm
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