And a lot of this built up over time. We have had an abysmal savings
rate for most of the last half of the 20th Century, much of this and the
last three financial fiascos can be placed at the foot on Congress
playing with tax laws (The actual salary of most honchoes, if you look
at the SEC filings runs around $1million or so because that is what the
Congress said can be deducted. The rest of it (sometimes as much as 100
times the base salary) comes from bonuses and stock options which were
encouraged by Congress and tax laws. This was done so that the honchoes'
needs would be more in tune with the needs of the stockholders. Of
course, this resulted in a bunch of things occurring. Not the least of
which is honchoe's total compensation running a few orders of magnitude
above what even the most captive board would have had hte balls to give
them under the old system. Also it effectively DIVORCED the priorities
of the honchoes from the shareholders by tying such a high portion of
their income to the stock price. In addition, for those so inclined,
gave the exec's cover to try all of the Rocket Science bookkeeping,
credit swaps, etc., because it could be rationalized as raising profits
and thus stock prices and thus in the best interests of the stockholders.
Wasn't surprising all the crap that went down, it was almost
mandated by human nature and the tax laws. What was surprising is that
it wasn't more widespread than it was.
Then you've got the individual overleveraged not just in the
mortgages but credit cards, home equity, car loans, etc. There was more
than enough greed to go around.
Do you know what the interest rates and tax rates in '29 were? Both
were high and prevented an early rebound in the market, people
languished. Some jumped from tall buildings.
With low rates today, the economy will rebound faster.
There have been successes. Tens of thousands of dead terrorists, concealed
handgun carry in national parks, 72 straight quarters of economic growth,
three tax cuts, two swell Supreme Court appointments, up-armored Humvees...
And 3 times as many newly created terrorists. Concealed handguns in parks - now
that's insanity. Straight economic growth - RIIIIIGHT - We can sure see that
today. Up armored humvees - only after the soldiers got it into the news that
they were digging through dumps to armor their own. Quite a record!!
As to more terrorists - you may be right. One great worthy once said "The
penis is mighter than the sword," by which he meant your enemy can reproduce
faster than you can kill them. Still, maybe we're just giving otherwise
unemployed terrorists something to do - they were always there, just bored.
Still, the goal is not to eliminate terror, it's to kill terrorists.
Concealed handguns an insanity? The conflict is between those who are afraid
of criminals vs. those who are afraid of guns. For the anti's, it's an
emotional issue. For the pro-gun side, it's just common sense ("is your fire
extinguisher LOADED?"). There are 48 states that have some sort of concealed
handgun license (Illinois, Wisconsin, and D.C. are the outliers). At no time
has ANY state, once it liberalized its concealed carry laws, reverted to a
more strict policy. Concealed handguns WORK - we are killing goblins right
Further, Barak Obama (PBUH) has often stated that gun laws should follow the
customs of the local community. How better than to have the gun laws of the
state in which a National Park is located govern? Taking Him (PBUH) at his
word, I fully expect federal regulations prohibiting guns in federal
institutions (post offices, Veteran's hospitals, Social Security offices,
etc.), to fall to the same common-sense approach.
As for seeing the economic growth today, well, 72 consecutive months of
economic growth ain't nuthin' to sneeze at. Then the Democrats took control
of Congress. In a mere 18 months, they managed to fuck it up beyond the
abilities of mere mortals to comprehend.
You keep repeating that but since you and Rush Limbaw only seem to know
what they did why not spill the beans and make them look really bad? How
about the real dirt on what they did in those 18 months?
What difference does it make whether or what they did? They were in charge,
therefore they get the blame.
Inasmuch as the economy's in the ditch, it's obvious they DIDN'T do anything
(enough?) to mitigate the disaster.
Frankly, I'm at a loss. Used to be, Republican scandals were concentrated
above the neck and Democrat scandals were centered below the belt. Now, what
with Larry Craig tap-dancing in the men's room and Chris Dodd, Barney Frank,
Rod Blago, and others fiddling with the money and power, it seems as if the
emphasis has shifted.
You are at a loss because everything Rush Limbaw told you just doesn't
seem to be working out. The reality is both red and blue work together
to protect their owners as has been demonstrated. Critically analyze
what limbaw tells you instead of just being a "believer" and prove me
Rush Limbaw (Limbaugh) is a nobody. Why do people even refer to this
guy? He has never been a politician. All he is, is a fat slob with
an addiction to codeine and probably other drugs, and a mouth and ego
bigger than his fat belly. So, who cares what he says? I sure don't.
I called my congressional rep today and complained.
We have satellite tv BUT if the economy gets worse that may have to be
We would need over the air and I found out theres no way to even get
ABC, their low power transmitter site must be 50 miles away far from
the center of the service area. Its even on the other side of
Call your congressmen and congresswomen.
The turn off can be delayed a few years so technical issues and
service can be improved
..Crawford, Texas (AP) -- A tragic flood this morning destroyed the
personal library of President George W. Bush.
The flood began in the presidential bathroom where the books were kept.
Both of his books have been lost.
A presidential spokesman said the president was devastated, as he had
almost finished coloring the second one.
The White House tried to call FEMA but there was no answer.
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