Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: crdesign who wrote (131)	1/14/2003 10:25:49 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 1210

a few quick thoughts on economy all federal stimulus ideas will be watered down and made useless by Democrats in Congress they did it with the tax cut last year, and will do it again they will insist that tax benefits go to the poor, who will spend it quickly, or pay down some debt also the more tax benefits that go to the rich, the more likely that businesses will not shed more jobs WE NEED LARGE SCALE LIQUIDATIONS AND MONEY FOR CAPITAL INVESTMENT... USUALLY THAT MEANS GOVT STANDS BACK AND ALLOWS NATURE TO TAKE ITS COURSE... AND USUALLY THAT MEANS QUICK SPENDING PROGRAMS WONT WORK... WE WILL LATER (ONLY LATER) NEED CAPEX STIMULUS... ONLY CAPEX PRODUCES JOBS, SINCE SPENDING DOESNT... SPENDING ONLY PRODUCES A BIGGER TICKING TIMEBOMB but the real trouble is that both parties are seriously blocking all efforts for the economy to allow liquidations, both of businesses and households it is politically incorrect to allow bankruptcies but that is the only thing that worked in 1981-82 under Reagan the economy recovered quickly afterwards of course now, the liquidations would be three times as many and require 2-3 years of unfettered dissolutions no, all USGovt efforts will stall the recovery since they block liquidations another thing, and this is nasty what the USGovt gives in tax breaks, the states will take away in tax hikes !!! ouch, watch out for state income taxes, property taxes, and sales taxes they are all about to jump up I love renting an apartment and it even comes with a sports club membership nextdoor sorry, this stagnation will last for a long time when govt stimulus packages are out of the way, and some pain is administered, only then can we look for any recovery we need another 10 million personal bankruptcies we need another 10 million job layoffs sad, tragic, but essential to fix the Clinton 1990 Decade of excesses in just about every single category known to man / jim