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| TheRumpledOne 6,529 posts msg #68378 - Ignore TheRumpledOne |
10/13/2008 2:31:12 PM The Great Bailout Stall, Part VI By Robert Ringer Is there anything that can be done about all those "greedy" Wall Street guys, speculators, and CEOs who make off with millions in golden parachutes? After all, everyone from Chris Dodd to John McBama ... from Bill O'Reilly to "conservative" icon Ben Stein ... says they are among the major culprits responsible for the collapse of the markets. In fact, those bad guys created such an economic crisis for the Demopublicans that the government "had no choice" but to put you and me on the hook for another $700 billion (for starters). They tell us they absolutely hated having to do it, but it was necessary to help "Main Street" - i.e., stiffs like you and me. I can't remember when I last felt so loved. So, is ramping up government controls over the market by increasing regulations the way to prevent a further collapse? I'm sure you already know my answer: No! In fact, I think what the market needs is less regulation. (You can't imagine how lonely it is being a minority of one.) Many years ago, the lure of Wall Street got to me. Though my experience in the markets was short-lived, I learned a little about how the game is played - and a whole lot about life and human nature. But you don't want to learn too much through experience when it comes to the stock market. You can end up with a tin cup in your hand. The first thing that struck me after I set foot inside the Wall Street Jungle was that government regulation of the markets, like all government regulation, results in unintended consequences - consequences that hurt, rather than help, small investors. I don't have room here to go into a long list, but the best example I can think of is the ridiculous warnings that saturate the prospectuses of every brokerage firm. The boilerplate warnings on those prospectuses all but guarantee the would-be investor that he will lose money if he buys the stock that's being hyped within their covers. And because the warnings are so obviously over the top, no one takes them seriously. Which, in turn, gives investors a false sense of security. What government needs to do is stop trying to play nanny to investors. People have the right to enjoy the fruits of their good (or lucky) decisions and to suffer the consequences of their bad ones - and that includes their investment decisions. "But what about brokerage firms that put out fraudulent information about companies?" Good news: We already have laws on the books to punish such criminal behavior. Fraud is illegal whether you're selling stocks, refrigerators, automobiles, or underwear. Any "regulations" beyond that would be superfluous. If investors knew they were on their own, they would be far more careful than they are now. And if brokerage houses were found guilty of committing fraud or theft, word would get around and, as in any other kind of business, they would end up with no customers. Plus, of course, the individuals responsible for perpetrating the fraud or theft would end up in jail. But what about those multimillion-dollar golden parachutes? Michael Ovitz received $140 million in severance pay after being fired as president of Disney. Doesn't the government need to put a ceiling on what fat cats like him can make off with? No! The compensation that corporate officers receive is between the shareholders and them - and thus none of the government's business. You don't give scoundrels like Barney Frank, Charles Schumer, Harry Reid, et al. the power to intervene in agreements between consenting adults. On the contrary, it is they who should be thoroughly investigated, and, if the evidence warrants it (think Freddie Mac and Fannie Mae), indicted. Sorry, but more laws and more regulation is not the answer to America's financial ills. The answer is to free the marketplace - less regulation, fewer laws, more individual responsibility - and for government to get out of the money-creation and borrowing businesses. Oh, and while we're at it, how about removing all capital-gains taxes and all taxes on entrepreneurs and small-businesspeople? Then, after a brief deflationary depression of a year or so, politicians could sit back and watch both job creation and wealth creation explode. Sorry, George, but that is what would "get the economy moving again." Perhaps we should have a policy in this country similar to one that legend tells us existed in ancient Greece. Anyone who proposed a new law had to do so from a platform in the public market - with a rope around his neck. If the law was adopted by the people, they removed the rope. If it was rejected, they removed the platform. If that were the case, we, the people, would have already executed everyone in the Demopublican Party who had voted for the "rescue plan" (i.e., rescue scam). Talk about a blissful thought ... ================================================================================= "Perhaps we should have a policy in this country similar to one that legend tells us existed in ancient Greece. Anyone who proposed a new law had to do so from a platform in the public market - with a rope around his neck. If the law was adopted by the people, they removed the rope. If it was rejected, they removed the platform." WHAT A GREAT IDEA!!! |
| heypa 283 posts msg #68415 - Ignore heypa |
10/14/2008 1:21:21 PM Human nature being what it is I still think unfettered capitalism is every bit as bad as unfettered government. I think we would all be better off if we hung every politician who proposed an unconstitutional law and every judge that didn't adhere to it when making decisions. That includes the Supreme Court that had four judges recently decide that the Washington D.C. law banning gun ownership was constitutional or that loosened up the Eminent Domain laws. Lets reduce the size of the Federal Govt, Require that judges only judge law interpretation and not make laws, and that the Congress get back to their primary function of implementing and spending IAW the Constitution.Keep the Feds out of states rights. There is an ammendment process in the Constitution for that. . |
| TheRumpledOne 6,529 posts msg #77910 - Ignore TheRumpledOne modified |
8/24/2009 7:50:18 PM THIS IS SCARY: |
| Eman93 4,750 posts msg #77915 - Ignore Eman93 |
8/24/2009 11:30:59 PM Thats the intent........Fear and Hate mongers.... I wont get worried until the come for the fire arms... Its optionable any way, I would think a decent fire wall protection would keep snoopers out..this is prob a normal acceptance and disclose when doing bus with the Feds. |
| karennma 8,057 posts msg #77928 - Ignore karennma |
8/25/2009 9:02:25 AM What did Guilfoyle mean when she said, "Here you are trying to make a charitable contribution" .. ? Uh?? I don't get it. BTW ... WHO pays the TAXES on the $4500 "donation"? |
| alf44 2,025 posts msg #77980 - Ignore alf44 modified |
8/26/2009 1:15:36 AM rumpled...you must be the most gullable ignoramous on the face of the Earth !!! Sadly, I'm not surprised that you would try to pass off Glenn Beck propaganda...as some sort of actual journalism ! Where do you clowns come from ? ------ First of all, that BS disguised as "news" is prolly a month old and has been exposed for the Glenn Beck lie that it is ! If you had paid attention...you would know that the section of the CARS website that the moron was yappin' about is/was clearly designated FOR DEALERS ONLY ! Any dealers that had signed up for the "clunkers" program KNEW that in order to submit "legitimate clunker deals" to the government for reimbursement...they would have to allow the government the ability to access their inventory/data base etc... It was part of the deal...and the participating DEALERS were ready and willing to do it...in order to participate ! There is NOTHING scary or sinister about this...and you should be ashamed for posting this Glenn Beck garbage here ! imo I repeat...where do you clowns come from ? Regards, alf44 |
| jrbikes 624 posts msg #77981 - Ignore jrbikes modified |
8/26/2009 2:32:29 AM O.K. "where are the clowns, bring in the clowns" I live in the Dallas Ft Worth area, grew up here, Northside of Ft Worth, lived in Ellis county, 20 miles from Dallas, and let me tell you something, The illegal aliens come into town, use it up for all its worth, then leave, after they have pillaged the medical system, pillaged the neighborhoods, pillage the prisons (can you say tax dollars) they leave, along with the inumerable amount of money they have given to Mexico, the countless man hours that the police have used to stop the drunken hords from commiting crimes( can you say tax dollars), man, I live with this crap everyday, EVERY STINKING DAY! they cant drive, all they do is drink beer, liter the yards and streets, the children run wild in the stores, they wreck the stores, man you cant even go to Wal-Mart, CRAP! my best freind is a Mexican American, his parents came here from Mexico, but here is the difference, they came legally, and they work hard, and they are Honest, Honorable people, they care about their community, their children, they love their families, and they dont put up with any crap! They dont depend on social programs to cover their medical, they pay their own way, they cherish this country! they dont destroy it! Now I know there are immigrants who come here for a better life, that doesnt bother me, I am fortunate I was born here, I could of been born to a Russian family in the middle of the Uranium waiste feild, so all things considered, I am very fortunate, but I tired of people who dont live with this all the time, when your non immigrant child is sick and you take that child to Baylor on a Saturday afternoon, as I had to do, and you see people with out insurance being treated, and then you have to wait in line, when you have to pay for your insurance, and the only thing wrong is a cold, and your child is seriously hurt, then you can bitch to me and I will tell you to stick up your %@%! and let me tell you something else, A typical Emergency room visit cost $2000.00, got it? a trip to a local Minor Emergency Clinic that deals only in cash is $80.00, so you can have a minor issue and make your copay and the Hospital will bill the Ins. but you go for a minor issue to the local Minor Clinic and its only $80.00, so why is there a $1920.00 difference in the price of services rendered, can you say FRAUD, you think the government cares, nope, but they are going to reform health care, if you think that, you are an IDIOT! Hospitals were started by God fearing people, as the schools were, but just as usual, when the government takes over and kicks God out, look what happens, yeah, and we are going to save the planet, give me a break! Oh yeah, they can use a sattelite, and look at you and your wife swimming naked in your pool at night, they can turn your cell phone on and off, they can unlock your car while you are not there, and you like you onstar, you WILL be a servant, or they will freeze your trading account that you have traded up to $785.000.00 just starting with $500.00! and we are the CLOWNS? Its coming, sooner than you think! |
| rharmelink 81 posts msg #78039 - Ignore rharmelink |
8/26/2009 10:55:29 PM So who are the idiots going to the hospital emergency room when a "Minor Emergency Clinic" is sufficient? I can think of several reasons for the big difference in cost: -- A lot more equipment is available at the emergency room. Equipment has to be paid for. -- The "Minor Emergency Clinic" may not even have a doctor available -- The "Minor Emergency Clinic" can forward the more difficult cases to the hospital emergency room -- The hospital costs include a surcharge for those that can't pay their bills (about 40% or so last I heard) Actually, when I was at the hospital in 2007 for kidney failure, my bill had some interesting clauses on it: -- 50% discount if the bill was paid in full within 21 days -- 75% discount if the bill was paid in full within 7 days Just the ambulance trip was $766. |
| Eman93 4,750 posts msg #78047 - Ignore Eman93 |
8/27/2009 12:40:19 AM We are all paying for those with out insurance any way thats why emergency rooms cost so much......good people go bankrupt.....others are turned away from life saving treatement because they cant pay for it. Dont get too worked up nothing will change.....a few small token changes thats it. The ones with the most money will always win the fight. Its the American way. |
| TheRumpledOne 6,529 posts msg #78720 - Ignore TheRumpledOne |
9/6/2009 11:20:54 AM Question: When do we decide enough is enough, take up arms and just say "NO" to the government? Seriously, how much of our freedom are we going to give up? Government does not give you your freedom, government takes away your freedom. Nazi Germany: "SHOW ME YOUR PAPERS" if you want to travel. America 2009: "SHOW ME YOUR PAPERS" if you want to travel. Don't tell me "it's different". You better realize the similarities are too dang scary!! You think you live in a Democracy or Republic, think again! You are a serf. There are lords that you must pay taxes to or they take away what is yours. Think I am wrong? Do you own your home even after the mortgage is paid? NO! Fail to pay property tax and the lords take your property from you. |
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