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Msg  1184 of 1197  at  6/13/2011 2:35:26 PM  by

dfloydr


Took a while!

So today some folks wake up to the value in C?

Hmmm ... what happened to that efficient market theory.

Too damned much political panic mongering about the whole economy. Republicans have it in their blood that you win with FEAR. Scare people and they'll vote for you. Case Schiller data is three months old. Roubini is perpetually seeing thunderclouds. Rogers is betting on a dollar collapse so he mouths endless misery.

Maybe, but not seeing it around me. Realtors are running in to multiple offers. Just saw a house sell for $1.6 m the second day it was on the market. Crowds are showing up at the bank auctions loading up on rental properties.

As for the tax cut mantra. ... what rubbish. We've been cutting taxes since Kennedy and now have the lowest rates in recent history, meanwhile unemployment has trended upwards over the decades. Cutting taxes does not seem to make for high employment. Looking at the raw data, maybe we should be raising taxes. Then, like grown ups, we might even pay our way.

Time for the country to get away from the bumper sticker politics and start goosing jobs. Isn't that what the idiot newcomers in Congress ran on?


 
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Msg # Subject Author Recs Date Posted
1185 Re: Took a while! grandlakepolice 6/13/2011 2:50:44 PM


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