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Solutions ? Here's some ideas for starters.
1) Expose the Plunge Protection Team and put a stop to it.
Other Clinton criticisms:
Stop the reckless defense spending. Clinton has added an additional $100
Billion military spending package, the largest spending spree since the cold
war. He claims it is necessary for "military readiness". The US has
technical weapons 10 times more advanced than any other country, yet insists
we spend more money to further the development of even more advanced
weaponry like suitcase nukes and weapons of mass destruction.
Eliminate the prison industrial complex, putting kids in jail for lengthy
jail sentences for minor drug charges is the real crime.
2) Greenspan's mistakes will come to full light in due time. Now that the
bubble is fully inflated and the lemming populace in debt,
hook-line-and-sinker, the only thing next to happen in the painful
unwinding. The economy has had numerous boom-bust, mania debt expansion
cycles, and it seems that every 60 years or so, the history lessons are
forgotten (or in this case, ignored). The economists of today now
disregard Keynesian economics for what it is/was -- flawed; yet the
government still believes in deficit spending to all new heights. The
answer to the problem is quit simple -- REDUCE debt, run a balanced budget,
get rid of the massive government spending programs (like tens of billions
of new defense spending, foreign hand-outs, pork barrel spending), control
the economy by prudent monetary policy (i.e. do not cut rates and print
money to spur on reckless market bubbles that lead to misallocation of
economic resources and severe downturns.) When an economic down cycle does
occur, the government would be in a position to stimulate the economy
(saving for a rainy day) -- pretending that it will never rain again is NOT
the answer. Greenspan was/IS the worst Fed chief any president could have
hired. He was/is the most pitiful example of a 'yes' man that I have ever
seen. To aid the US banks that make trillions in bad foreign loans, he cuts
rates 24 times and runs the printing presses, and alas, we start the asset
bubble's formation. Let the banks that made the bad loans fail. Let the
Asian bankers and the hedge funds like LTCM FAIL.
3) The government debt skyrocketed during the Reagan/Bush presidencies. The
debt rose from 940 Billion to 4.18 Trillion, a 450% increase !!!! A large
percentage of the money was spent on the cold war military buildup and
frivilous pork belly programs.
The interest on the Federal Government Debt for 1998 was
$363,823,722,920.26. With just the interest, the US could build thousands of
new schools, bridges, hospitals each year.
http://home.earthlink.net/~arison/debt.html
Reagan made the following statement before going on his spending spree:
"For decades we have piled deficit upon deficit, mortgaging our future and
our children's future for the temporary convenience of the present. To
continue this long trend is to guarantee tremendous social, cultural,
political and economic upheavals." Ronald Reagan, 1981
The unfortunate thing is, he won't be around to see the social & economic
upheavals he was responsible for. We honor the jackass by naming an
airport after him, and the republicans praise him as being one of their
great leaders. His legacy will be remembered and long lasting, that is for
sure. Your grandchildren's grandchildren will be paying the interest on
that debt, could have build a hell of a lot of new schools and bridges with
that money. Let's just use 25% of each tax dollar to pay the interest on
the debt. The extreme levels of the national debt require swift action, cut
programs to the bone, and pay it off. The tax revenues will plunge when the
economy tanks, now is the time to put the 'windfall' revenues to use; and
put a stop the raiding of the social security trust fund, and tell the US
citizens the truth, the budget is not balanced and they are spending their
social security tax payments.
4) We know that supply side economics does not work; a little research
back then could have avoided the problem. But that is what happens when you
elect an actor to the White House.
5) Most successful capitalist ? The long list of crimes the SOB has
committed should be known. Put him in jail and throw away the key; how's
that for a solution ? Actually,
give MSFT the largest fine in US history, break-up the company, and let the
chips fall where they may.
Sincerely,
James Taylor
----- Original Message -----
From: Howard Hopkins <hehohop@xxxxxxxxxxx>
To: <jptaylor@xxxxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 25, 2000 9:55 PM
Subject: Re: [RT] Re: MSFT TAKEOVER BID
> James,
>
> I've been a RealTrader participant for over a year now.
>
> Your posts are ALWAYS very entertaining. Sometimes very annoying and
> sometimes thought provoking, but definitely controversial!
>
> >From your posts I know you HATE; 1) the liberal Clinton Administration
for
> using the phantom "Plunge Protection Team" for supporting the stock
market;
> 2) Greenspan's failure to shut off economic growth fast enough for you; 3)
> the Bush Administration for tax increases and increasing the National
Debt;
> 4) the Supply Side Reagan Administration tax cuts that gave citizens the
> economic choice with their money in a recessionary/inflationary economy;
5)
> and finally you HATE, Bill Gates, the most successful capitalist in the
> history of the world.
>
> I live in Washington, DC suburbs and just witnessed the protests and
> demonstrations against the IMF & World Bank(admittedly flawed
organizations
> because they have no fiscal responsibilities). I watched and heard from
> today's spoiled 20 somethings about the fight against "Global Capitalism"
> and 'the evils of third world countries manipulating the working classes
> with the funds of the wealthy nations'. Luckily, the world's greatest
> economic power in history (the current United States economy)didn't have
to
> struggle through those type of scenarios in the past..... or did we????
>
> James, you criticize and bash EVERYONE. How about you propose YOUR Nobel
> winning economic theory that will, at last, solve the question of how to
> 'manipulate or direct' world markets and economies so we have 'reasonable
> non-inflationary growth on the path to Utopia'. Stop the critizism and
> JUST GIVE US THE ANSWERS. It sure would make your life less frustrating
and
> full of hate while simultaneously solving world problems... please just
end
> the suspense and give us the answers!
>
> Sincerely,
> Tired of the hearing your bitching, just interested in the answers,
> Howard Hopkins
>
> >From: "James Taylor" <jptaylor@xxxxxxxxxxxxxxx>
> >Reply-To: jptaylor@xxxxxxxxxxxxxxx
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Subject: [RT] Re: MSFT TAKEOVER BID
> >Date: Tue, 25 Apr 2000 00:19:52 -0700
> >
> >Sounds like someone took a bath on some grossly overpriced MSFT stock.
> >As many crimes as Gates has committed, he deserves everything he gets and
> >more,
> >and so does his shareholders for being so damn clueless.
> >
> >JT
> >
> >----- Original Message -----
> >From: Peter <derivatives@xxxxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Monday, April 24, 2000 11:33 PM
> >Subject: [RT] MSFT TAKEOVER BID
> >
> >
> > > Well given that there are rumours of an impending takeover bid by
> >the
> > > US Govt wrt MSFT, it seems logical to buy MSFT right now & get paid
a
> > > hefty premium for MSFT stock. After all thats what a break up is all
> >about
> > > isnt it........ a takeover bid.
> > > Seeing as the Govt is the greatest "fool " out there, the greater
> >fool
> > > theory implies that this really is a significant market high.
> > > I just may buy more MSFT stock, afterall no gov't is going to
screw
> > > middle america with all their debt overhang. If anything Bill Gates
> >cant
> > > sleep at nights these day because he's about to get really seriously
> >rich
> > > this time around.
> > > Regards
> > > Peter Karaguleski
> > > Nam Et Ipsa Scientia Potestas Est
> > >
> > >
> > >
> >
> >
> >
>
> ________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
>
>
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