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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (114667)	12/5/2008 1:18:07 PM
From: Elroy Jetson	2 Recommendations Respond to of 206347

I think the problem is America has suffered too long a duration of prosperity. This has led to a lack of caution, and permitted false beliefs such as one can always spend more than one earns. The current period of economic suffering we are entering into will have a very educating effect on every American which will not be soon forgotten. .

To: skinowski who wrote (114667)	12/5/2008 1:22:48 PM
From: Broken_Clock	2 Recommendations Read Replies (1) \| Respond to of 206347

To: Jim McMannis who wrote (169294) 12/5/2008 1:01:54 PM From: Sr K of 169314 Opinion Journal DECEMBER 5, 2008 Barack's Windfall Reversal Here comes the 'change' part of his Administration. Throughout his run for President, Mr. Obama argued the industry deserved special taxation on its "excess" earnings. He planned to use the proceeds to fund an "emergency" round of $1,000 rebate checks for families. "It isn't right that oil companies are making record profits when ordinary Americans are going into debt trying to pay rising energy costs," he said. The sentiment featured in campaign ads and attacks on John McCain. Mr. Obama never did offer a good or even particular reason for the oil majors to face this Carter-era inspiration -- apart from appeasing the populist furies. And he couldn't, either, given that multiple other industries profit more both in absolute terms and in returns on equity or sales. Nor could he account for the fact the tax confiscation would merely be passed along to the public in forgone investment in new exploration and production (and thus higher prices at the pump) or lower dividends. Now with the election safely over, a transition spokesman explained this week that the drop in oil prices to $50 a barrel has made the windfall tax a dead letter. Left unexplained was why the oil companies suddenly decided to stop profiteering, or manipulating commodity prices, or whatever it was they were supposedly doing. But be thankful for small mercies. It is reassuring that Mr. Obama's calls to arbitrarily soak an unpopular business were merely rooted in political expediency, not some economic philosophy. online.wsj.com

To: skinowski who wrote (114667)	12/5/2008 2:17:06 PM
From: Cogito Ergo Sum	Respond to of 206347

and it is not possible to have those without having an educated population which understands principles of the economy, of private property and individual rights. My experience over the last 10 years or so when I started to 'invest' is that it is WORK... HARD WORK... and time consuming.. VERY TIME CONSUMING.. My wife used to complain that I spent too much time fooling around with investments, net time etc... after the last 2 years ? not any more... She is finally getting it, that it is almost like having a second job.. you need to work to siurvive... The overworked Swan :O)