mookie1995
there's a good buck in that racket.
And to add to this... If I can borrow at say 5% and invest to return 8%... That's making free money for me!
Gov'ment would do well to entertain a profit motive.
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The 2012 Presidential Election Part I - The guns of August
- Thread starter joecct
- Start date
And to add to this... If I can borrow at say 5% and invest to return 8%... That's making free money for me!
Gov'ment would do well to entertain a profit motive.
Kepler
Si certus es dubita
Re: The 2012 Presidential Election Part I - The guns of August
The way government does that is called "educating Steve Jobs."
The way government does that is called "educating Steve Jobs."
FlagDUDE08
Banned
Re: The 2012 Presidential Election Part I - The guns of August
I'm not sure about the optimal level, but when I go to choose stocks and look at cash flow, I would actually fully accept if the amount of cash decreased if there was long-term debt being paid, at least based upon the company's credit rating. Growth in a company also helps, but typically you can see an easy turn-around on that within 3-6 months. There was a debate a while back about GM being a good company and earnings being touted, but one look at the siphoning of cash and debt not being paid gave me clear indication that they're not doing well at all.
I'm not sure about the optimal level, but when I go to choose stocks and look at cash flow, I would actually fully accept if the amount of cash decreased if there was long-term debt being paid, at least based upon the company's credit rating. Growth in a company also helps, but typically you can see an easy turn-around on that within 3-6 months. There was a debate a while back about GM being a good company and earnings being touted, but one look at the siphoning of cash and debt not being paid gave me clear indication that they're not doing well at all.
FlagDUDE08
Banned
Re: The 2012 Presidential Election Part I - The guns of August
Thank you for reminding me of another reason why I went for Dubya in 2004: He's the first and only President to receive an MBA. The only other President to attend business school? JFK. In indebted times like these, we ought to look towards their example. From 2004 to 2007, the budget deficit shrunk by large amounts. Why? With the lower tax rates, people were more willing to partake in investments that are generally taxed.
One interesting tidbit I found: the 1969 budget had a $3b surplus, compared to a $25b deficit in the previous year. Taxes didn't change, and the USA was in the middle of a large police action known as Vietnam. I wonder what happened...
Thank you for reminding me of another reason why I went for Dubya in 2004: He's the first and only President to receive an MBA. The only other President to attend business school? JFK. In indebted times like these, we ought to look towards their example. From 2004 to 2007, the budget deficit shrunk by large amounts. Why? With the lower tax rates, people were more willing to partake in investments that are generally taxed.
One interesting tidbit I found: the 1969 budget had a $3b surplus, compared to a $25b deficit in the previous year. Taxes didn't change, and the USA was in the middle of a large police action known as Vietnam. I wonder what happened...
Re: The 2012 Presidential Election Part I - The guns of August
? - I thought I had read back in college that LBJ raised taxes a couple of years earlier obstensibly to pay for the war. I'm talking '66-'67 ish here as obviously he wasn't in office past Jan of '69.
How exactly did Dubya's MBA stop him from being the worst President in centuries? On fiscal matters he was the equivalent of a Creed & Nickleback concert with Menudo as the opening act.
? - I thought I had read back in college that LBJ raised taxes a couple of years earlier obstensibly to pay for the war. I'm talking '66-'67 ish here as obviously he wasn't in office past Jan of '69.
How exactly did Dubya's MBA stop him from being the worst President in centuries? On fiscal matters he was the equivalent of a Creed & Nickleback concert with Menudo as the opening act.
Handyman
Hug someone you care about...
Re: The 2012 Presidential Election Part I - The guns of August
Sorry, but this assumes that if you work hard you will succeed. I know plenty of lazy people who move up and hard workers stuck where they are. Not everyone is poor because they make bad decisions and it is an insult to a lot of people to say that.
As for your discussion with Rover on the banks, he is correct on the fact that Paulson forced these banks into taking money and used the FDIC as a means to do so. Banks like Wells Fargo had to take a capitol infusion to cover for banks like Goldman-Sachs and Morgan-Stanley that were days away from closing. Basically the run on the banks that the Lehman Brothers bankruptcy caused and the impeding implosion of the world financial markets (thanks in no small part to AIG and their idiocy) meant the government needed to act fast. They couldnt buy the dead mortgages because it was not a fast enough solution so they had to give the banks money to lend out because the credit market was frozen. Some of the banks lent out the money, some sat on it and kept it on their books to help their bottom line.
The whole thing was a mess...Bear Sterns gets bailed out, the Government takes control of Fannie and Freddie, Lehman goes bankrupt, AIG goes broke and the credit market shut the heck down.
And if you voted for Dubya because he had an MBA that should be your first clue that education does not make the man
Sorry, but this assumes that if you work hard you will succeed. I know plenty of lazy people who move up and hard workers stuck where they are. Not everyone is poor because they make bad decisions and it is an insult to a lot of people to say that.
As for your discussion with Rover on the banks, he is correct on the fact that Paulson forced these banks into taking money and used the FDIC as a means to do so. Banks like Wells Fargo had to take a capitol infusion to cover for banks like Goldman-Sachs and Morgan-Stanley that were days away from closing. Basically the run on the banks that the Lehman Brothers bankruptcy caused and the impeding implosion of the world financial markets (thanks in no small part to AIG and their idiocy) meant the government needed to act fast. They couldnt buy the dead mortgages because it was not a fast enough solution so they had to give the banks money to lend out because the credit market was frozen. Some of the banks lent out the money, some sat on it and kept it on their books to help their bottom line.
The whole thing was a mess...Bear Sterns gets bailed out, the Government takes control of Fannie and Freddie, Lehman goes bankrupt, AIG goes broke and the credit market shut the heck down.
And if you voted for Dubya because he had an MBA that should be your first clue that education does not make the man
Last edited:
FlagDUDE08
Banned
Re: The 2012 Presidential Election Part I - The guns of August
The deficit went from $8.6b in 1967 to $25.2b in 1968. Also, the tax rates hadn't changed from 1965 (which is probably the change you're referring to) to 1981.
The deficit went from $8.6b in 1967 to $25.2b in 1968. Also, the tax rates hadn't changed from 1965 (which is probably the change you're referring to) to 1981.
FlagDUDE08
Banned
Re: The 2012 Presidential Election Part I - The guns of August
I don't think you read what I said, because your first sentence is completely false. The only logical way to move up is to apply you and your resources to the best areas.
BTW, Rover didn't mention the FDIC; I did as a hypothesis to execution.
Sorry, but this assumes that if you work hard you will succeed. I know plenty of lazy people who move up and hard workers stuck where they are. Not everyone is poor because they make bad decisions and it is an insult to a lot of people to say that.
As for your discussion with Rover on the banks, he is correct on the fact that Paulson forced these banks into taking money and used the FDIC as a means to do so. Banks like Wells Fargo had to take a capitol infusion to cover for banks like Goldman-Sachs and Morgan-Stanley that were days away from closing. Basically the run on the banks that the Lehman Brothers bankruptcy caused and the impeding implosion of the world financial markets (thanks in no small part to AIG and their idiocy) meant the government needed to act fast. They couldnt buy the dead mortgages because it was not a fast enough solution so they had to give the banks money to lend out because the credit market was frozen. Some of the banks lent out the money, some sat on it and kept it on their books to help their bottom line.
The whole thing was a mess...Bear Sterns gets bailed out, the Government takes control of Fannie and Freddie, Lehman goes bankrupt, AIG goes broke and the credit market shut the heck down.
And if you voted for Dubya because he had an MBA that should be your first clue that education does not make the man
I don't think you read what I said, because your first sentence is completely false. The only logical way to move up is to apply you and your resources to the best areas.
BTW, Rover didn't mention the FDIC; I did as a hypothesis to execution.
Re: The 2012 Presidential Election Part I - The guns of August
Wait a minute. Thurston Howell III says Nixon sent him to Cambodia, where he spent Christmas eve of '68. How is that possible?
Anyway, despite that helpful Diebold executive announcing well in advance, of his plans to "steal" Ohio, old Thurston wasn't able to prevent it.
Wait a minute. Thurston Howell III says Nixon sent him to Cambodia, where he spent Christmas eve of '68. How is that possible?
Anyway, despite that helpful Diebold executive announcing well in advance, of his plans to "steal" Ohio, old Thurston wasn't able to prevent it.
FlagDUDE08
Banned
Re: The 2012 Presidential Election Part I - The guns of August
It would not shock me if this year's "October Surprise" is instituting martial law and suspending the elections, as North Carolina's governor has wished. Obama has the executive orders to be able to do so.
It would not shock me if this year's "October Surprise" is instituting martial law and suspending the elections, as North Carolina's governor has wished. Obama has the executive orders to be able to do so.
bronconick
Yep, still here
Re: The 2012 Presidential Election Part I - The guns of August
Don't worry about that. My secret Maobama orders include making sure you're in a FEMA camp under the command of illegal immigrants who will use your bodies to create a bridge to Cuba well before we declare martial law. Castro himself will march to glorious victory in America over your corpse, comrade.
Don't worry about that. My secret Maobama orders include making sure you're in a FEMA camp under the command of illegal immigrants who will use your bodies to create a bridge to Cuba well before we declare martial law. Castro himself will march to glorious victory in America over your corpse, comrade.
Re: The 2012 Presidential Election Part I - The guns of August
I'm thinking Fidel will be riding in a golf cart. His marching days are over.
I'm thinking Fidel will be riding in a golf cart. His marching days are over.
mookie1995
there's a good buck in that racket.
Re: The 2012 Presidential Election Part I - The guns of August
so that's like my marriage is suspended, right? cool!
so that's like my marriage is suspended, right? cool!
bronconick
Yep, still here
Re: The 2012 Presidential Election Part I - The guns of August
We're giving him one of these.
We're giving him one of these.
Handyman
Hug someone you care about...
Re: The 2012 Presidential Election Part I - The guns of August
I know he didnt, I was just saying he was right about what it was. The FDIC really had no purpose in the mix (depending on what sources you believe) minus Paulson basically using them to as a threat. (take the money or they will F your life up)
I admit I may have understood what you were saying about the poor, but it seemed you were in that camp. (which has been argued by people here before) If I read it wrong I apologize.
I don't think you read what I said, because your first sentence is completely false. The only logical way to move up is to apply you and your resources to the best areas.
BTW, Rover didn't mention the FDIC; I did as a hypothesis to execution.
I know he didnt, I was just saying he was right about what it was. The FDIC really had no purpose in the mix (depending on what sources you believe) minus Paulson basically using them to as a threat. (take the money or they will F your life up)
I admit I may have understood what you were saying about the poor, but it seemed you were in that camp. (which has been argued by people here before) If I read it wrong I apologize.
unofan
Well-known member
Re: The 2012 Presidential Election Part I - The guns of August
I'd think you'd want a CPA or someone with an accounting degree, then. An MBA is simply a degree in networking.
I'd think you'd want a CPA or someone with an accounting degree, then. An MBA is simply a degree in networking.
FlagDUDE08
Banned
Re: The 2012 Presidential Election Part I - The guns of August
If the FDIC is the liaison between the government and the banks, then how else would the transaction happen?
Anyone can be fine as they are, anyone can move up, and anyone can move down. The biggest problem we see with wealth isn't rich vs. poor, it's smart vs. stupid. Look at the overnight millionaires that win the lottery, and we hear so many stories about how some of them make stupid decisions because they don't know how to handle their new-found wealth, and they end up worse off than before. This does not suggest, by any means whatsoever, that the poor must stay poor and the rich must stay rich. After all, we live in the land of opportunity, and that opportunity should remain. It also doesn't suggest one-and-done. Some people learn from their mistakes and rebound; I know I did. Every smart person needs sheep along the way to sucker in. This is why application is so important, yet it's rarely taught in schools.
If the FDIC is the liaison between the government and the banks, then how else would the transaction happen?
Anyone can be fine as they are, anyone can move up, and anyone can move down. The biggest problem we see with wealth isn't rich vs. poor, it's smart vs. stupid. Look at the overnight millionaires that win the lottery, and we hear so many stories about how some of them make stupid decisions because they don't know how to handle their new-found wealth, and they end up worse off than before. This does not suggest, by any means whatsoever, that the poor must stay poor and the rich must stay rich. After all, we live in the land of opportunity, and that opportunity should remain. It also doesn't suggest one-and-done. Some people learn from their mistakes and rebound; I know I did. Every smart person needs sheep along the way to sucker in. This is why application is so important, yet it's rarely taught in schools.
Re: The 2012 Presidential Election Part I - The guns of August
As a fellow college hockey fan I've worked it out with The O that you'll be sent to a gulag near your home after the election. No need to thank me, but if you act up you'll be sent to......DETROIT! (old movie line).
As a fellow college hockey fan I've worked it out with The O that you'll be sent to a gulag near your home after the election. No need to thank me, but if you act up you'll be sent to......DETROIT! (old movie line).