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Some analyst
calculated this great tax package will cost $340,000 for each new job
created....
wow, that's REAL
efficient.
And it highlights
the problems with targeted spending or tax-cut programs like this
one.....
not the best way
to go.
Best just to
cut-out the same dollar amount of fat and waste in Washington....much, much more
effective...in the long run.
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Bobh
[mailto:BHEISLER@xxxxxxxxx]Sent: Sunday, May 25, 2003 1:54
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
Nice post Kent.
This brings another thought to mind regarding
the recent tax cut package. Some of the whining coming from the dems is
quite interesting. If in fact the most recent package is going to lead
us to Armageddon, which of course it won't, then they ought to be jumping
for joy since it would help them in 2004.....
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Kent
Rollins
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 25, 2003 12:25
PM
Subject: Re: Re[3]: [RT] spx
daily
>The
current economic condition is SYSTEMIC....and thus resistant to "Quick
fixes".
<FONT
color=#0000ff>
Three years of a down economy is not
"quick". And "resistant" is not impermeable.
>Bush
fired Laurel and Hardy (O'Neill and Lindsay) because they told him you
can't cut taxes, wage expensive war, and continue sponsoring a huge, costly
bureaucracy in Washington....it's economic suicide in the long
run.
>That's
why he fired them....but THEY were right.
<FONT
color=#000000>
If O'Neill and Lindsay were in your
opinion right, then why do you refer to them as Laurel and Hardy. This
is part of your problem, MASSIVE Mark. You are overly critical of
everything. We're either going to have MASSIVE inflation or MASSIVE
deflation. You don't care which as long as it is MASSIVE and
destructive.
>These
deficit projections are just the tip-of-the-iceberg.......and incredibly,
there is still no talk of government cut-backs in spending programs and
transfer payments.....just incredible !
<FONT
color=#0000ff>
Bush is smart politically. There
was a study done in the late 80's that said for every new dollar of tax
money brought to the government by economic growth, Washington spent $1.30
(or some figure like that). That was the 80's. I doubt things
have changed. Bush is choking of Washington's money supply.
That's the only way to get them to reduce spending. It's the only way
PERIOD. You seem to think that these bigger deficits are a
problem. Recently, there was a book published that studied the effects
of large national debts on countries. England in the 1800's had a
national debt that was 300% of GDP. THAT'S MASSIVE, MARK. A
number even you would appreciate. They built up that debt thru wars
and empire building. But it wasn't a problem for England. They
paid it off and now they are just fine.
The only way to make Tiny Daschle say
"Well, I guess we don't have money for new social-dependency (aka
vote-buying) programs." is to put him in a deficit position. What are
the Dumocrats really complaining about today? Listen carefully.
They are complaining that they can't enact a drug benenfits program (aka
social dependency program, aka vote-buying program). They are
complaining that they can't make healthcare free for everyone. They
don't want to pay down the debt. They want to take our money from us
and use it to make us dependent on a social welfare State. Despite the
fact that we know socialism and welfare failed...MASSIVELY.
The only way...THE ONLY WAY...to cut
Washington's spending habit is to take away their money. And THAT is
exactly what Nucular George is doing.
Do you see anything in the world today
that is going right, MASSIVE Mark? Anything positive?
Kent Rollins
<FONT
color=#0000ff>
----- Original Message -----
From: <A
title=mar.ko@xxxxxxxxxxx href="">Mark Simms
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 25, 2003 12:55 AM
Subject: RE: Re[3]: [RT] spx daily
<FONT
face=Arial size=2><FONT face=Arial
size=2><FONT face=Arial
size=2><FONT face=Arial
size=2><FONT face=Arial
size=2><FONT face=Arial
size=2>
I'm not
thinking MASSIVE here, only LONG-TERM.
Part of my
bearishness comes from the current high PE Ratios for one....there just
seems to be so much ANTICIPATION for a big recovery
here...
I don't see
it, quite frankly.
Bush fired
Laurel and Hardy (O'Neill and Lindsay) because they told him you can't
cut taxes, wage expensive war, and continue sponsoring a huge, costly
bureaucracy in Washington....it's economic suicide in the long
run.
Bush did not
want to hear this....moreover, h<SPAN
class=930204604-25052003>e's
"dumb"...economically.
That's why he
fired them....but THEY were right.
These deficit
projections are just the tip-of-the-iceberg.......and incredibly, there is
still no talk of government cut-backs in spending programs and transfer
payments.....just incredible !
<FONT color=#0000ff
size=2>Unfortunately, Bush may be out of office before this is proven
correct.....
<FONT color=#0000ff
size=2>
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Friday, May 23, 2003 8:16
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
How can YOU ignore everything besides the
tech sector? If everything but the tech sector has turned the corner
on the economy, that sounds like a good thing to me.
With respect to the "derivatives bubble",
prove to me that there is one. This is the first I've heard about
it. Lately, Warren Buffet has been saying a lot of
stuff with which I don't agree.
FYI, consumers have been repairing their
balance sheets as well. Sorry I can't remember the numbers on that
one either. It's not as dramatic as the improvements on the
corporate side, but it was an improvement.
So you're joining Simms on
predicting MASSIVE Great Depression II.
Kent Rollins
----- Original Message -----
From: <A
title=bradcline@xxxxxxxxx href="">Brad Cline
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 23, 2003 2:08 AM
Subject: RE: Re[3]: [RT] spx daily
<FONT face=Arial color=#0000ff
size=2>How can you ignore the tech sector? That's like pro forma
accounting. If I didn't have to make my house payment everything is
rosy. The markets have seen their lows only if the derivitivies bubble
doesn't burst, or consumer debt doesn't come home to roost. Warren Buffet
has said that derivities are a "time bomb" waiting to happen. Maybe the
fed will be able to balance everything out over time but I wouldn't bet on
it.
<BLOCKQUOTE
>
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Thursday, May 22, 2003
8:12 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re:
Re[3]: [RT] spx daily
Corporations have been doing balance sheet
repair for 2 years now. AT&T alone has eliminate over $50
BILLION in debt. I saw on the tube last week someone who had a
stunning statistic on what the S&P profits are if you ignore the
tech sector. Wish I could remember what that statistic was.
And the tech sector will fall in line soon enough. You are
stuck in a rut. The markets have seen their lows. Shake it
off.
Kent
RollinsTo unsubscribe from this
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