The New "D" Word
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Wednesday, August 22, 2012
Economic Bad News, Bad News, and Good News
12 comments:
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Unknown said...
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AMEN !!!
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8/22/12, 10:50 AM
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Helly said...
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Now now now. The EPA has done a wonderful job of setting up sewage treatment plants around the nation. and we all benefit enormously from that.
They don't seem to understand the nature of electricity though. That can be fixed with some simple wiring alterations at their offices. Whenever the sun sets or is blocked by clouds, they get all their power turned off. After a few years, I'm sure they will gain a new appreciation of coal-fired generation.
Also, that Duncan guy is an imbecile. Not sure of the point of his quaintly commie zero-sum presentation. -
8/22/12, 10:55 AM
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Rodger the Real King of France said...
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Begging the question here Helly; It took a Gestapo-like agency to set up sewage treatment plants?
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8/22/12, 11:05 AM
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Anonymous said...
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I dunno Roger.....It would be one thing if Duncan was a lone voice... but listen to what Jim Rogers (who I follow very closely) has to say:
http://video.cnbc.com/gallery/?video=3000110899
We could be in deep kim chee here, and I wager that the situation may become irreversible if Poseur In Charge that currently occupies the White House, gets a second term.
Just sayin..... Cuzzin Rick -
8/22/12, 11:09 AM
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Anonymous said...
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We have a massive amount of poorly allocated capital which is hampering our growth. It will be painful to reallocate these assets but the longer we put it off, the more painful it will be. The main reason a recession becomes a depression is because of government intervention that prolongs it.
Too much credit? A humble solution: get rid of the capital gains tax which would get rid of the capital loss deduction. Make people risk their own money and keep their own rewards. Inflation is enough of a tax on gains. Government investing in the future will fail because it is investing other people's money.
Freddie Sykes
PS Notice that the guy contradicted himself: government spending 20% versus 24% of GDP? -
8/22/12, 11:22 AM
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Rodger the Real King of France said...
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And Helly, for your impertinence your week-end leave is canceled.
Brush up on procedure and report Saturday morning to the RNC pro station. -
8/22/12, 11:45 AM
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Anonymous said...
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Hmmmm, Sykes is displaying heretofore hidden levels of intellect.
Casca -
8/22/12, 1:03 PM
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Rodger the Real King of France said...
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Yes, it's called Laissez-faire
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8/22/12, 1:56 PM
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SoylentGreen said...
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You may not know this but our man Freddie Sykes is one of the world's most preeminent Actuarial Programmers. He knows his time-value-of-money.
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8/22/12, 7:11 PM
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Anonymous said...
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Dude just claimed that government spending equates directly to millions of jobs. Certainly, there's a baseline up to which that's true. But these new, larger deficits don't do diddly shit except pay off Ozero's cronies...the borrowed and spent dollars are directly wasted.
skh.pcola -
8/22/12, 7:45 PM
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Helly said...
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"It took a Gestapo-like agency to set up sewage treatment plants?"
Apparently. I'm old enough to remember our filthy rivers and streams fit for little more than rat-tailed maggots.
FYI, I live on Longboat Key. This is an RNC island. Katherine Harris is a neighbor. You remember Katty? -
8/22/12, 9:51 PM
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Anonymous said...
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The sad truth, Helly, is that the EPA finished laying out its important work in its first decade and all that remained was the monitoring. Water and air quality has been improving ever then. We have one of the best environments of any industrial nation. Unfortunately, since then, it has been making up new problems to fix to protect its bureaucratic existence, its budget and power.
Freddie Sykes -
8/23/12, 10:49 AM
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