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Posts by socialism_stinX

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  • House GOP pushes hardline immigration plan as Senate deals fail

    02/16/2018 9:53:52 AM PST · 20 of 23
    socialism_stinX to Innovative

    It’s not a “hardline”’s right in the center of policy options on this issue. These youngsters are not “undocumented”. They are illegal invaders who were allowed into this country through an unconstitutional decision made by the Obama regime. No other country would allow this kind of illegal immigration. The democrats only support illegal immigration because 90% of these people will eventually vote for democrats if they become citizens—and that’s exactly why we cannot allow them to have a special path to citizenship. They can get in line with everyone else in a merit-based immigration system.

  • Reported Shooting Being Investigated at Stoneman Douglas High School in Parkland: BSO

    02/14/2018 6:50:55 PM PST · 458 of 536
    socialism_stinX to lastchance

    I would bet that almost every large shopping mall in America now has security guards watching the perimeter of the mall with video cameras. So why not the same kind of security for schools?

  • Reported Shooting Being Investigated at Stoneman Douglas High School in Parkland: BSO

    02/14/2018 6:48:06 PM PST · 457 of 536
    socialism_stinX to lastchance

    We have had a lot of shootings and other kinds of violence at schools in the last 20 years. Security guards watching the school’s perimeter with video cameras and responding quickly to an obvious threat is not an overreaction. Every large school should have security guards watching the perimeter with video cameras.

  • Reported Shooting Being Investigated at Stoneman Douglas High School in Parkland: BSO

    02/14/2018 6:14:38 PM PST · 432 of 536
    socialism_stinX to DCBryan1

    Why are there no security guards watching the perimeter of this school with video cameras? How does a guy just walk onto the campus carrying a rifle? After all the school shootings we’ve had, this school has incredibly lax security procedures.

  • Bipartisan group of senators says it has a DACA deal

    02/14/2018 6:03:11 PM PST · 58 of 134
    socialism_stinX to raiderboy

    Is it just me, or do any of you think that Tim Kaine sounds like the character “Angel” from “The Rockford Files” ( old TV show).

  • Bipartisan group of senators says it has a DACA deal

    02/14/2018 6:00:23 PM PST · 56 of 134
    socialism_stinX to raiderboy

    I say no deal if this legalizes chain migration by anyone outside of the kid’s nuclear family. Opposition to chain migration is not a “hardline” position as the author incorrectly claims. It’s basic common sense. If we allow a bunch of low-income, uneducated, unskilled people to immigrate into America then obviously the US becomes a poorer, less educated country with even more people dependent on productive Americans for government benefits. That lowers the standard of living in America. End of debate. No deal if this includes chain migration by anyone outside of the kid’s nuclear family.

  • Reported Shooting Being Investigated at Stoneman Douglas High School in Parkland: BSO

    02/14/2018 5:53:31 PM PST · 419 of 536
    socialism_stinX to starvosan

    The FBI needs to investigate this kid and find every person who he’s contacted in the last year. Somebody messed up this kid’s mind severely. This looks like a professional psyops job—a professional brainwashing to cause such a sudden fit of violence. There are other people involved in this shooting.

  • Selloff in equity futures, Asian markets continues

    02/06/2018 12:08:14 AM PST · 8 of 26
    socialism_stinX to montag813

    Thanks for your comment and for reading my post. I’ve been thinking about this subject over the weekend and tonight. Took me about an hour to write this post. Looks like the markets are stabilizing—S&P futures were up slightly last time I checked a few minutes ago.

  • Selloff in equity futures, Asian markets continues

    02/06/2018 12:03:52 AM PST · 7 of 26
    socialism_stinX to Osage Orange

    Article is from Fox Business. Link to article is at top of this post.

  • Selloff in equity futures, Asian markets continues

    02/05/2018 11:26:30 PM PST · 1 of 26
    Main Reasons for this selloff are as follows:

    1. Traders and fund managers with a shorter-term time horizon don't see any positive fundamental events in the next 30 days that are big enough to keep the market going up, and so they're selling and cashing in big gains since the stock market made a low back in August. Trump's infrastructure program is viewed as very positive but is now also expected to be about the same size as the market expected late last year, and so it is already priced into the market. Short-term fundamental news has become slightly bearish because the jobs report last Friday showed slightly higher wage inflation over the last 12 months than expected.

    2. The Fed made two significant mistakes in the last two weeks: a) Atlanta Fed bumped up the forecast for first quarter GDP way too quickly all the way to over 5% and didn't give the financial markets time to adjust to a big surge in economic growth. b) the FOMC meeting statement released last week was significantly more hawkish than the previous statement, and that increase in hawkish language was completely unnecessary and signaled to the markets (incorrectly) that the Fed could get more aggressive about interest rate increases than is currently expected.

    3. Uncertainty connected to the Tax Reform bill: There hasn't been a big corporate tax cut combined with a big personal tax cut since the 1980s, and thus market participants aren't sure exactly how the tax reform bill will affect the economy and don't really know how to price in the impact of the tax reform bill. Some of the areas of uncertainty:

    a) How much will the corporate tax cut increase investment that improves the productivity of workers and keeps inflationary cost pressure under control?

    b) How much will companies increase stock dividends and stock buybacks using the US tax savings and repatriated cash?

    c) Is the personal tax cut going to spark a big sudden increase in personal spending that could lead to inflationary price increases, or will consumers use the tax cut more to pay off debt and increase savings?

    4. High-frequency trading systems are making the stock market move too fast and are not giving human investors enough time to evaluate the economic and corporate fundamentals and make good decisions, and thus some human investors are selling, raising cash levels, and going to the sidelines until volatility declines and they have some time to figure out what they want to do next.

    5. One-time, deferred profit-taking by individuals who delayed selling stocks until 2018 to get the lower tax rates on short-term capital gains.

    The Trump Administration and the Fed need to calm the markets now. One of the Federal Reserve Bank presidents who frequently talks to the business news media needs to calm the markets tomorrow morning before the market opening and talk on television about a few subjects:

    1) Price inflation is not a big concern at this time for a few reasons:

    a) There's ample labor supply in the US economy because while the headline unemployment rate is low, the labor participation rate dropped substantially during the Great Recession and there are still large numbers of discouraged workers in the 18 to 60 year age group who can rejoin the labor force if they can get jobs. Many of them will need job training, and business and government need to work together to expand and improve job training programs. So uncontrolled wage inflation is not a significant concern at this time.

    b) The tax reform bill will increase investment in new equipment that increases the productivity of American workers. See my earlier post on the corporate tax cut:

    c) In the next two to three years, the corporate tax cut should allow most companies to increase wages at a higher rate than general inflation and pay for those increases from tax savings and productivity gains. After three years, wage gains above the general inflation rate will have to be payed for through productivity gains resulting from increased investment and improved job training. But inflationary cost pressures for businesses are not a concern for a few years because of the substantial drop in the cash expense of federal tax payments and an adequate labor supply.

    2) Repeat the statement from the Yellen Fed: at the end of this tightening cycle the Federal Funds rate will be well below the typical rates preceding the financial crisis.

    3) Very rapid GDP growth in the first quarter is not expected to continue at that pace for the entire year, but growth should be strong for the full year of 2018. Nonetheless, strong growth doesn't change our outlook for interest rate increases this year.

    The Trump Administration and the Fed need to stop this fast-paced selloff and stabilize the markets quickly. This selloff is feeding on itself and they need to stabilize the stock market today-Tuesday. In the longer run, the Treasury Dept. has to take a long look at high-frequency trading systems and I'll post a comment about that subject later. But today the key goal should be to stabilize the stock market and slow it down to a much slower speed of price changes.

  • Dow Jones index tumbles nearly 1,500 points

    02/05/2018 1:25:53 PM PST · 41 of 201
    socialism_stinX to SeekAndFind

    The Fed’s unprecedented action against Wells Fargo was very poorly timed, considering the serious selloff we had on Friday. The Fed should have delayed that action until the financial markets stabilized. The Fed’s hawkish statement released last week talking about “further rate hikes” was completely unnecessary and just destabilized the markets. That’s two serious mistakes by the Fed in two weeks. They need to get their act together over at the Fed. It’s time for Trump to have a talk with Fed Chairman Powell and tell him to make sure the Fed doesn’t disrupt the markets again with stupid mistakes.

  • Dow Jones index tumbles nearly 1,500 points

    02/05/2018 1:12:06 PM PST · 24 of 201
    socialism_stinX to SeekAndFind

    Some of this is a one-time, unintended consequence of the tax reform bill. Individuals have deferred profit-taking from last year’s rally and pushed it into 2018 to get the lower tax rates. We just got hit with a big surge of pent-up profit-taking all at once on Friday and today. After individuals finish selling and the HFT systems calm down, the market should rally back up just like after the Brexit vote. The economic fundamentals are strong and rumors of rising inflation are greatly exaggerated.

  • WaPo Columnist: The Democrats' Antics During Trump’s State Of The Union Was Embarrassing

    02/04/2018 12:26:01 PM PST · 45 of 47
    socialism_stinX to NFHale

    I’m not sure exactly what the WaPo columnist was referring to by the word “performance.” It could be just the State of the Union speech, or it could be Trump’s entire presidency. The speech certainly was not cynical and divisive. It was exactly the opposite. Trump’s presidency has not been cynical and divisive either. He has slammed the news media repeatedly for fake news and bias, and he’s exactly right about that. The liberal news media is corrupt and biased and repeatedly adds their opinions into news reports as if their opinions are facts and news. The liberal news media people simply don’t understand that the news media has a huge lack of knowledge of important subjects such as economics, business, and science. Most people in the news media got college degrees in soft majors like Political Science (whatever that is), Psychology, and English. Most of them are very ignorant people whose positions on issues are determined primarily by just taking the opposite side of the positions held by much more knowledgeable conservatives.

  • WaPo Columnist: The Democrats' Antics During Trump’s State Of The Union Was Embarrassing

    02/04/2018 12:11:46 PM PST · 44 of 47
    socialism_stinX to Kaslin

    Trump’s alleged remarks about “sh**hole countries”, if he actually used those words, were not an insult directed at Africa. That is a false, politically-motivated fiction invented by democrats to play the race card and try to divide our country along racial lines. The countries that fall into that category are those with corrupt, inept governments, low standards of living, low educational levels, no real constitutional rights and rule of law, and serious environmental problems like air pollution and toxic waste dumps. Numerous countries all over the world fall into that category including many countries with populations that have a white majority in countries such as Russia, Romania, numerous countries in the former Soviet Union and Eastern Europe, and several countries in the former Yugoslavia. There are also a few countries in Central and South America populated mainly by people of Spanish European descent that fall into this category, such as Venezuela.

    That phrase, “sh**hole countries”, has no racial connotation and refers to countries that have serious problems and low levels of education and job skills, and corrupt governance. If we take a lot of people into America from those countries, then of course, America becomes more like those countries: poorer, less educated, less skilled, more corrupt, and more violent. That’s why, obviously, it’s not in America’s best interests to allow a lot of immigration from those countries. End of debate.

    Just one last observation: some commodity traders use the phrase “sh**hole oil-producing countries” to refer to countries with corrupt governments that always continue to produce oil at maximum levels even when the market is over-supplied and prices are low. These countries over-produce at exactly the wrong time because corrupt government officials are skimming off the oil revenue and stashing it in personal bank accounts in Europe as fast as they possibly can. They just want to drain their nation’s oil out of the ground as fast as possible and skim off as much revenue as possible, with no regard for the economic future of their countries. These “sh**hole oil producers” are often a big part of the cause of crashes in oil prices and they have to be watched carefully by commodity traders.

  • Court: Pennsylvania's congressional map is illegal and must be redrawn

    01/23/2018 3:18:30 PM PST · 100 of 101
    socialism_stinX to napscoordinator

    The US Supreme Court must put this decision on hold for two reasons: First, the PA Supreme Court may not have the authority to order a redrawing of congressional district maps, because these are US congressional districts and thus the federal courts must oversee the drawing of these district boundaries. Secondly, even if the federal courts rule that the PA congressional map has to be redrawn, it will take at least a year to complete the redrawing process fairly and then candidates will need at least another nine months to get organized and run campaigns in the primaries and general election. That means a redrawing process, if it is order by federal courts, cannot start until early next year. So this PA court decision is an attempt by democrat judges to disrupt the congressional district map and then not give the Republican candidates enough time to run good campaigns and win these congressional seats. This is a case of classic disruptive democrat political tactics.

    So this entire decision needs to be stayed and put on hold while the SCOTUS first decides if the PA Supreme Court even has the authority to order this redrawing of the congressional district map. This is like an attempted coup d’etat by democrats to quickly seize some congressional seats by not giving the GOP enough time to get properly organized and run good campaigns. This whole thing must be stopped right now by the SCOTUS.

  • Watch: Cory Booker 'seething with anger' as he yells at DHS chief Kirstjen Nielsen

    01/16/2018 7:11:03 PM PST · 181 of 184
    socialism_stinX to SkyPilot

    Booker has already won the award for the most irresponsible, overheated drama queen in Washington DC for 2018. With this horrendous display of idiocy, craziness, and complete lack of self-control, he’s already locked up that award in January. This man lacks the mental capacity to be a US senator and he should resign from the Senate immediately and go into acting or some other occupation where thoughtless lack of self-control is an asset.

  • BREAKING: Senate Republicans are confident they have the votes to pass tax bill

    12/01/2017 4:21:31 PM PST · 74 of 76
    socialism_stinX to Lisbon1940

    The corporate tax rate cut is going to crank up capital investment and get our economy growing much faster. The 35% corporate tax rate we have now is incredibly stupid and sets up an economic choke point right inside corporations where investment decisions are made. Our current high corporate tax rate drives business activity overseas and cuts investment here in America. The corporate tax cut should easily pay for itself through stronger economic growth, more jobs, and more tax revenue from a bigger economy and more people working.

    It’s more uncertain whether a tax cut for individuals will pay for itself but it will increase economic growth, and eliminating the deduction for state income taxes will get rid of a big subsidy for excessive state spending on bureaucracies, lawyers, and consultants in states like CA and NY. That’s all good and it will make our economy more productive and efficient by eliminating subsidies for useless government activity. This tax reform bill will be a big win for the American people, Trump, and the GOP.

  • Six GOP Senators Send Up Warning Flares On House Tax-Reform Bill

    11/08/2017 6:00:15 AM PST · 39 of 44
    socialism_stinX to SeekAndFind

    The GOP will pass a tax reform bill this year. The best tax policy for our economy is broad tax rate cuts that generate broad incentives for work, education, and investment for all Americans. Special tax breaks for homeowners and state income taxes generate narrow incentives to buy houses and increase state government spending, but they don’t build incentives that generate strong economic growth and job growth in the national economy. Home renters get taxed more to subsidize home buyers, while people in FL and PA get taxed more to pay for big federal tax breaks for Silcon Valley billionaires who get to deduct millions in state income taxes. Why should people outside of CA and NY have to pay more federal taxes to subsidize vast, overstaffed state government bureaucracies working on unnecessary programs in California and New York? The answer of course, is they shouldn’t have to subsidize state and local government spending in other states. So that’s what the House bill is trying to do. It’s trying to generate broad incentives for economic growth that benefit all Americans in all states, which is best for our economy in the long run. It’s the starting point for negotiations.

    But of course that kind of bill would be costly to some people who own expensive homes and pay lots of state income taxes in states like CA,NY, and TX. So to get the votes to pass a tax reform bill, the House GOP is going to have to keep a certain amount of specific tax breaks in the final bill that passes and is signed by President Trump. Most likely, this will end in a compromise bill that limits the amount of federal tax deductions for state income taxes and home mortgage interest, but doesn’t eliminate either deduction completely. I think the limits will end up being fairly high—something like a $70,000 limit on the state income tax deduction and a $50,000 limit on the home mortgage interest deduction. Then we won’t have middle class people subsidizing huge state tax deductions for Silicon Valley billionaires and professional athletes, but everyone in the middle class will retain all of their current federal tax deductions and get a big cut in tax rates. People with incomes in the millions in high-tax states will pay more taxes, but there will be no political cost for that tax increase, and if a few GOP reps from those places vote against the bill, so be it. It will still pass and provide big benefits for the vast majority of Americans.

  • GOP rep: Virginia defeat 'a referendum' on Trump administration

    11/08/2017 5:10:38 AM PST · 38 of 64
    socialism_stinX to socialism_stinX

    This election wasn’t a referendum on Trump’s broad policies affecting the entire country. But it was a reaction to specific policy actions affecting people on the government payroll in Northern Virginia (see my earlier post).

  • GOP rep: Virginia defeat 'a referendum' on Trump administration

    11/08/2017 5:07:25 AM PST · 36 of 64
    socialism_stinX to SoFloFreeper

    This election wasn’t a referendum on Trump. It was more of a sign of panic among government employees and employees of government contractors about budget cuts and job cuts in massively overstaffed federal bureaucracies. The Trump administration is cutting back on all the unnecessary, expensive bureaucratic process in Washington and will be laying off thousands of government employees and contract employees in the next few years. There’s panic in Northern Virginia as Trump works to end the scam of endless expansion of government programs that cost at least 25% more than necessary (if the program is necessary at all) and endless federal debt piled on the backs of the American people.

    Trump’s predecessor was a disaster for the American people and our economy, but he was a huge deficit spender on bureaucracy and government contractors, except for the military. This election is mainly a sign of panic and fear about job losses in Virginia among those on the government payroll.