Recent content by jamis359

If anyone thinks by cutting federal employee salaries from $100,000/year to $40,000/year and cutting taxes proportionally will somehow make the economy better, they are living in a fantasy land.

What's the big deal? Go to any major urban area and the going rate for experienced professionals such as lawyers, doctors, engineers, analysts, etc. is $100,000/year or more -- public or private.

No fiasco. The economic return on dams, power plants, bridges, water systems, etc. built in the 1930's has been many times greater than the invested sunk cost to build them. Public infrastructure is the foundation on which the private economy functions. Private industry cannot prosper without...

Sure, you can talk all you want about Obama in Chit-Chat or Politics and Religion. So far in this thread I haven't detected any trading content.

Ummm, the election's over. McCain lost, get over it. This thread needs to go to Community Lounge.

A month ago I dumped Windows and now run Ubuntu as my primary O/S on my dual core AMD desktop. No regrets at all. It does take a little tweaking to get Ubuntu configured but I found that Googling online forums will bring up answers to problems quickly. I have one Windows application I continue...

You're right, the conservatives are making a mountain out of a molehill and their protestations about Obama's tax hikes are bogus and shallow. All Obama wants to do is restore the tax rate to 39%, where it was under Bill Clinton. Last time I checked the rich got richer under Clinton, so the 39%...

This is what you would get if the largest banks were all allowed to fail at once: If the largest banks fail at once, the fear and pessimism would be so deep no one would have confidence to start a new one. Without major banks to provide credit lines to businesses then they can't expand or...

WSJ has gone off the deep end. "Obama's Radicalism Is Killing the Dow" -- I think the WSJ forgot the Dow went from 14,100 to 8,000 under Bush. That would be -6000 points for Bush, but only -1500 points for Obama. So who really killed the Dow, eh WSJ? WSJ "...raise the fraction of...

What's the difference between a judge dropping the mortgage down to market value versus the bank foreclosing and selling the house at market value? Nothing. In either case the bank gets a partial payoff and takes a loss. The neighborhood wins because there's no forced sale that lowers comps...

Obama's proposed top rate is 39.6%, bringing back up exactly where it was under Clinton. Hmm, I seem to recall that the wealthy got wealthier and businesses grew just fine during the Clinton years. This proves Kudlow wrong, and exposes his tirade to be nothing but propaganda and FUD to try to...

You're correct. Ignore the Milton Friedman wannabes on here who are too blind to recognize that their great experiment in laissez-faire, trickle down, supply side economics failed miserably and nearly bankrupted the nation. A consumption tax right now is exactly the wrong thing to do. Over...

... and what was World War II? The biggest government stimulus package of them all: massive government spending orders for planes, ships, raw materials, and so on. Plus WWII soaked up surplus labor and gave young men government jobs (aka soldiers). This is why I agree with Paul Krugman when he...

Look, dumbass, the market prices of homes over the last several years was distorted by what is perhaps the biggest financial fraud in history. The real estate bubble happened because mortgage lenders, derivative traders (like that bozo Santelli), investment banks pretty much raped and pillaged...

Hmmm, I have a choice to make. I can either a. Listen to Paul Krugman, Nobel Laureate in economics, who says the stimulus is too small; or, b. Listen to anonymous uncredentialed cynical crankpots on EliteTrader who grumble about the government no matter what it does. I'll think I'll...