|
PureBytes Links
Trading Reference Links
|
Sorry but I see again more criticism than anything constructive. So please just
write what YOU would do as a President, without making any reference to the
failures of others, or saying a single time the words NO, NOT.
I am all ears, and very interested, truly.
Gwenn
James Taylor wrote:
> 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
> >
> >
|