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The Stock Room page 39 |
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(Continued from page 38)
Well, I had thought for an instant that Obama may have decided to come over from the ‘Dark Side’, but then he goes and choses one of Mistress Elizabeth’s main subs to head that moronic consumer something over agency. Insanity personified! UPDATE 3-Obama picks bank critic Cordray for consumer job | Reuters And I thought that the Madhatter was well… MAD!
I was going to respond further to littleguy’s question, but the above has gotten me so disgusted that I can’t even think! Also, I want to thank whatsforlunch for Photoshopping the Madhatter picture for me! _______________________________________
littleguy’s a.k.a. runningman’s take for 07/16/2011 @08:00 am
apppro I agree with your five golden rules, (wholeheartedly). How do you get this done? While we're just talking, America professes to believe in the separation of church & State, to which I also agree. Then why is there no separation between banks and Wall St? Isn't it just about the same thing? What can you do about that? Otherwise, the world is okay. Ciao. apppro quickie: My contention has always been is that OUR banking system did NOT cause this mess. The true villains… Lehman’s, AIG, George Soros, Jim Chanos, Goldman Sachs, John Paulson, Bill Ackman, David Einhorn, etc. were NOT and still are NOT banks. These hedge funds for the most part are unregulated entities using Wall St. and Main St. as their own personal casinos and piggy banks. They are NOT banks! FinReg is totally castrating the banking system, but these hedge funds are still considered heroes with NO limitations even contemplated. Want to fix them and the bigger issue that “It’s The Mentality Stupid!”; well then get them like they got Capone – taxes and “STOP THE INSANITY NOW”! Obama is missing a huge opportunity here! And as far as “Otherwise, the world is okay.” LOL on that one! _______________________________________ apppro’s take for 07/13/2011 @05:00 pm EST: Chasing a New High!
No, this is not a comment on some suburban moms’ abuse of prescription drugs or some teenagers search for the latest fad. No, rather today they closed ‘useless gold’ at a new all time high of $1582. I again have to wonder just how many jobs were NOT created because a few hedgies are pushing all their capital into that useless metal. We really don’t get it!
_______________________________________ apppro’s take for 07/13/2011 @09:00 am EST: Just the Height of Nerve & Hypocrisy!
Now I really want to vomit! Not because Don Peebles is one of Obama’s biggest supporters, but rather because he has the friggen’ nerve to come on CNBS telling us that we CAN’T raise taxes on the ultra-rich; all the while he stands in front of his $15,000,000 beach house in Bridgehampton, NY! IS HE FRIGGEN’ KIDDING!
Fine, he doesn’t want to raise taxes… who does? I want to pay $0.00, too! How about a realignment then or a reallocation then or anything you want to call it; anything so that rich jerks like him PAY THEIR FAIR SHARE! Obama must be in the White House pulling what little hair he has left, out! With supporters like this, who needs Republicans! Hey Prez… payback is a bitch, isn’t it! (I was going to throw in that Peebles is just a traitor rat jumping from a sinking ship, but I thought it was too inappropriate.) STOP THE INSANITY NOW! Revised Tax Rules: 1. Capital gains 5+ years* - 5% tax on capital gains 2. Capital gains 2 > 5 years* - 15% tax on capital gain 3. Capital gains 1 > 2 years* - 35% tax on capital gains 4. Capital gains 6 > 12 months - 45% tax on capital gains 5. Capital gains under <6 months - 55% tax on capital gains 6. Most critical of all — Institute a capital gains tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund. *Anyone whose main source of ‘income’ (retired persons excluded) that comes directly from capital gains, should be taxed at never less than the 1>2 year 35% rate—no matter what the cg term length. The 5 Golden Rules 1. Immediately, reinstate the Up-Tick Rule. 2. Crack down on naked short selling. Require stock certificate #'s when a short sale needs to be covered, including ETF’s. 3. Institute some rules on how the media ’reports’ news in order to prevent rumor-boarding. Not censorship… just sensibility & responsibility. 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund! 5. Have ALL ETF’s trade on a 20-minute delayed basis. Get these instruments of mass destruction back to what they were supposed to do: mimic mutual funds. _______________________________________ apppro’s take for 07/12/2011 @11:00 am EST: “A very Merry Unbirthday to us all!” When we talk about Europe I’ve been screaming that this is the problem and yet no one listens. Maybe now you will! But how can anyone listen when Tea Party inmates keep coming up with insanity quotes like this, “The debt limit is his problem!” Hey, Boehner where do you live? But then the true Madhatter, _______________________________________ apppro’s take for 07/11/2011 @07:00 am EST: NOW is the Time to Implement #4! Italy will ban short selling July 11 - Stocklooker: and it’s about damn time, too! (Thanks narrator for sending me this story.) Back here the Prez tried to get some insane Republicans to listen to reason (I guess you never thought I would say anything like that!), and to raise some taxes on ‘fat-cats’. I wonder how much of the deficit could be lowered just by instituting #4? The 5 Golden Rules 1. Immediately, reinstate the Up-Tick Rule. 2. Crack down on naked short selling. Require stock certificate #'s when a short sale needs to be covered, including ETF’s. 3. Institute some rules on how the media ’reports’ news in order to prevent rumor-boarding. Not censorship… just sensibility & responsibility. 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund! 5. Have ALL ETF’s trade on a 20-minute delayed basis. Get these instruments of mass destruction back to what they were supposed to do: mimic mutual funds. BTW: Markets are crashing this morning and all we can do is give short-term traders/traitors MORE tax relief! Does none of what is going on in Europe remind anyone else of what we allowed a few short sellers to do to our banking system back in 2008? Insanity! And let’s also remember that: Also, let me add that if this is how we are going to allow a few short-term traders/traitors and bond vigilantes to treat Countries like Greece & Italy… then why the hell should their people ever willingly agree to any cutbacks, pain, and austerity? What will any of their suffering get them? _______________________________________ apppro’s take for 07/08/2011 @08:00 am EST: More Crash & Burn Policy Making!
Just like his Vegas bashing when he took office back in 2010 that destroyed months/years of tourism, the Prez’s current tax proposal against the airline industry just shows our collective naïveté.
Makers of corporate jets stung by Obama tax plan - CBS News This just sounds like the silly plan to reduce certain tax deductions for oil companies. All of these are just more examples of the comical gamesmanship on BOTH sides of the aisle going on in Washington; and in reality are just job killers that really won’t help to reduce the deficit by any significant amount, anyway… quite the opposite in fact! HOWEVER, there is 1 part of his proposals that no one really seems to give the appropriate press to and this is the 1 part that WILL help. Actually it’s VERY close to some of my ideas, but does NOT go far enough. -- Taxing the earnings of venture capitalists and hedge fund managers as personal income not capital gains. Getting the very people who caused this entire mess to pay their fair share certainly is a good starting point, but it doesn’t completely solve the issue. YES, it is small business and entrepreneurs that create jobs in America, and we should NEVER want or depend on the government to be our caretakers. However, to allow a few of the very rich to get away with paying less tax for this privilege is just, well… NOT FAIR! The Prez wants to tax hedge fund managers at regular tax rates and not the ridiculous 15% capital gain rate… GREAT, but what about the CEO’s of some companies that have figured out that by playing tax schemes they too can get away with snookering us all. Let’s just take the beloved Steve Jobs of Apple. His income is supposedly $1.00 a year! I DON’T THINK SO! Let’s remember he gets millions in stock options in Apple every year that he cashes in at 15% capital gains. That’s fair? Wake up people! We need to get to the root of the problem, and that has been and still is “IT’S THE MENTALITY STUPID!” After thought added: And don’t get me wrong… I think the insanity by some Rep’s is even worse. Damn it everyone… NOW IS THE TIME TO KICK THAT BLASTED CAN DOWN THE HIGHWAY! STOP THE INSANITY NOW! Revised Tax Rules: 1. Capital gains 5+ years* - 5% tax on capital gains 2. Capital gains 2 > 5 years* - 15% tax on capital gain 3. Capital gains 1 > 2 years* - 35% tax on capital gains 4. Capital gains 6 > 12 months - 45% tax on capital gains 5. Capital gains under <6 months - 55% tax on capital gains 6. Most critical of all — Institute a capital gains tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund. *Anyone whose main source of ‘income’ (retired persons excluded) that comes directly from capital gains, should be taxed at never less than the 1>2 year 35% rate—no matter what the cg term length. The 5 Golden Rules 1. Immediately, reinstate the Up-Tick Rule. 2. Crack down on naked short selling. Require stock certificate #'s when a short sale needs to be covered, including ETF’s. 3. Institute some rules on how the media ’reports’ news in order to prevent rumor-boarding. Not censorship… just sensibility & responsibility. 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund! (Continued on page 40) |
