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U.S. Liquidating Its Best Companies
Economy in Crisis ^ | June 29, 2013 | Thomas Heffner

Posted on 08/15/2013 11:12:03 AM PDT by DannyTN

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To: trisham; 1rudeboy
"That was uncalled for."

You ain't seen his posts to me over the last several threads, have you. "1rudeboy" is one of the worst on calling people he doesn't agree with names. He can dish it out, I'm sure he can take it.

61 posted on 08/15/2013 3:11:33 PM PDT by DannyTN
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To: DannyTN

Not only was it uncalled for, but it only succeeds in making you look bad.


62 posted on 08/15/2013 3:13:05 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Toddsterpatriot
"Why do you want us to remain less competitive? "

Competition with foreign countries is not the end all and be all of our existence. There is no reason that we can't use our market, the largest consumer market in the world, to our advantage.

Please tell me more. (banking regs)

Think Repeal of Glass Steagall so banks could engage in risky behavior. And Dropping Bank Reserve ratios to 0 so that there was no room to respond to a liquidity crisis. That's why Congress had to bail them out. If they had left the Bank Reserve ratios up during the good times, all they had to do to respond to a liquidity crisis was temporarily lower the reserve ratios. Wouldn't have needed $$$$ from Congress. Failure of the FDIC to look into the riskiness of credit default swaps.

"As soon as you can shrink government spending by 90%, I'll get on board with higher tariffs.

Spending is going to keep going up because we are going to keep losing jobs to overseas if we do nothing. Don't wait until then. Let's pass a bill to lower the individual income tax by an amount equal to the amount expected to be raised from the tariff. That would make it revenue neutral and keep in place whatever control you think lack of revenue has over congressional spending (I think very very little).

A bill like that would be very pro-American jobs. Imagine 25% of Americans going back to work. American domestic businesses currently only have 75% of Americans as customers. What American domestic business wouldn't like a 33% boost in volume (25%/75%) from Americans going back to work???

63 posted on 08/15/2013 3:29:23 PM PDT by DannyTN
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To: DannyTN; trisham
Actually, Danny is full of crap, as always. I don't get personal unless someone gets personal with me first.

It makes their tears delicious, when they whine that I've insulted them on another thread.

64 posted on 08/15/2013 3:43:10 PM PDT by 1rudeboy
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To: 1rudeboy; DannyTN
Imho, some subjects should not be made a part of a discussion: a poster's family, their religion, their race and their income/employment status.

There may be others, but those are the ones that immediately come to mind.

65 posted on 08/15/2013 3:52:03 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: trisham

I draw the line at death threats. Haven’t gotten one of those for a while. Did have some True Conservative™ wish for my death yesterday(?), in a roundabout way.


66 posted on 08/15/2013 4:03:11 PM PDT by 1rudeboy
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To: 1rudeboy

I’ve never had a death threat here, thank goodness. If I ever did, I would report it. That is completely unacceptable. It might even be subject to prosecution. Perhaps someone with a legal background might weigh in here. I have no expertise in this area.


67 posted on 08/15/2013 4:08:45 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: trisham

68 posted on 08/15/2013 4:14:49 PM PDT by 1rudeboy
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To: DannyTN

“RCA is now a French company, Zenith is a Korean company.”

How old is this stupid thing?

RCA brand TV sets went French about 20 years ago. RCA ceased to exist as a corporation back in the 80s. RCA as a TV company (The French part) no longer exists. It is just a brand name whored out to the highest bidder.

Zenith went bankrupt a very long time ago.

Furthermore:

Companies belong to the stock holders, not the Govt. and if the shareholders want to sell it isn’t up to the Govt. or you or me (unless we own the stock) to tell them what to sell or who to sell it to.


69 posted on 08/15/2013 4:18:24 PM PDT by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: 1rudeboy
LOL! I love that movie. :)

Clan Cameron War Cry: "Chlanna nan con thigibh a so's gheibh sibh feoil"

(Sons of the hounds, come here and get flesh.)

70 posted on 08/15/2013 4:19:46 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: DannyTN

“. There is no penalty for selling out and avoiding American taxes.

But there should be!!!! “

You have it backwards, you socialist puke.

Get rid of the confiscatory taxes if you want to change things. The Penalty should be on those who are doing the stealing, not on those who want to keep what is rightfully theirs.


71 posted on 08/15/2013 4:23:55 PM PDT by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: trisham; 1rudeboy
I’ve never had a death threat here, thank goodness.

You've obviously never participated in any of the threads dealing with tobacco issues.

72 posted on 08/15/2013 5:03:51 PM PDT by Gabz (Democrats for Voldemort.)
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To: DannyTN

true!!!! but instead we have a flood of phony Federale Reserve money papering over America’s non-productive status (the way we are overall compared to busier nations like Korea)


73 posted on 08/15/2013 5:08:06 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Gabz; 1rudeboy

I guess not. :)


74 posted on 08/15/2013 5:08:25 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Gabz

I’ve heard the NASCAR threads can get felonious, at times.


75 posted on 08/15/2013 5:12:43 PM PDT by 1rudeboy
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To: DannyTN
This realization that we are no longer competitive in the world and can no longer be a productive manufacturing nation feels like giving up.

The answer is to become more competitive. Reducing taxes, regulations, and the Fed's policy of inflation would do that.

I can't get over how many FReepers are willing to let that mess continue and insist on even more government laws to restrict trade. Makes no sense. Never has, never will.

76 posted on 08/15/2013 5:29:58 PM PDT by BfloGuy (Keynesians take the stand that the best way to sober up is more booze.)
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To: BfloGuy
"The answer is to become more competitive."

Yet strangely, y'all aren't willing to use the biggest advantage that we have. Which is the largest consumer market in the world. What's wrong with using that to compete and charging foreigners for access to it. Our founding fathers, thought that was a great idea. And it worked well for 190 years.

77 posted on 08/15/2013 7:08:31 PM PDT by DannyTN
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To: DannyTN
Competition with foreign countries is not the end all and be all of our existence.

Who said it was? But when you whine we are not competitive, I'd think you'd want us to become more competitive.

There is no reason that we can't use our market, the largest consumer market in the world, to our advantage.

We should use it. I want to use it to make the things we buy more affordable, for some reason, you want to use it to make the things we buy less affordable.

Think Repeal of Glass Steagall so banks could engage in risky behavior.

Glass-Steagall would not have prevented the risky behavior that caused the crisis. That is, writing bad mortgages.

If you were talking about derivatives, I can't think of a single bank that got in trouble from those. In fact, the banks made money on their derivatives.

Failure of the FDIC to look into the riskiness of credit default swaps.

Banks used those "risky" swaps to hedge their actual risky mortgages.

Let's pass a bill to lower the individual income tax by an amount equal to the amount expected to be raised from the tariff.

Or we could cut the corporate tax rate to 12% and watch employment soar. It worked wonders for Ireland, why not here too?

78 posted on 08/15/2013 8:27:27 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Nik Naym
Companies belong to the stock holders, not the Govt. and if the shareholders want to sell it isn’t up to the Govt. or you or me (unless we own the stock) to tell them what to sell or who to sell it to.

Private property is old news. You must build here, hire here, pay our idiotically highest in the world corporate taxes, or else you're a traitor.

79 posted on 08/15/2013 8:30:05 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: All


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80 posted on 08/15/2013 8:39:52 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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