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To: Haim R. Branisteanu who wrote (71797)	12/19/2009 5:03:20 AM
From: Gib Bogle	6 Recommendations Read Replies (1) \| Respond to of 74559

This rant implies that America's problems started after Reagan. Good luck with that idea. What does this mean? "does any one remembers the so called “suicide on the White House grounds" Are you saying that you subscribe to the conspiracy theory on Vince Foster's suicide? en.wikipedia.org If so, you join a growing list of people on SI who are not worth listening to.

To: Haim R. Branisteanu who wrote (71797)	12/19/2009 6:28:02 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

(Part 2 of my rant) The emptiness of the US economic power is also reflected in the recent negotiations related to CO2 emissions in Copenhagen whereby the US can not afford to spend from its budget and industry is avidly opposing any expense related to CO2 emission not so much as a result of principle but for pure economic reason reflecting an inefficient industry and a powerless administration which is basing its strength to satisfy the masses short term and their desire to splurge further, and by this to keep the constituency happy. – which is a clear reflection of US weakness. Therefore who will take now the US President and the US seriously? More so the US is relaying in racking in a substantial amount of their income tax revenue not from hard work creative industrialization etc., but from financial market manipulation and volatility. That is why the Secretary of the Treasury is so opposed to international transaction tax as it will severely curtail financial market manipulation and substantially lower the resulting income tax streams robbed from around the world from the purposely induced market volatility. Few dollars every nanosecond amounts to billions in income. A tax on financial transaction will substantially lower the amount of revenue gained form this source, which is international in its nature and end up that every one around the planet pays the US Treasury a fee by using the financial markets courtesy of the big WS houses. People may not by knowledgably on all issues and inner working of the financial markets, but in general they are not stupid and in the long run this policy of using WS House (more notably GS, MS, JPM, C, BA etc.,) to rack in income taxes from around the world and enrich beyond any ones dreams the perpetrators and middle men is inducing harsh resentment against the US from around the world. Too many now dislike the US a big change form let say 20 years ago including those that once admired the US an dI speak about the usual Marry and Joe.. In an nutshell my interpretation of the current state of affairs is that the industrialized might of the US was hollowed up many years ago, and therefore need to relay on thieve and swindlers of WS for a substantial amount of their tax revenue, (Lehman s Structured products are one example of embezzling over $300 billion world wide from simple people mostly investing their savings in a Ponzi scheme and small municipalities not savvy enough to evaluate the risks … and there are so many more example ion a daily basis) and therefore the largesse of Obama administration with saving immoral failed financial institutions pouring billions into their operation and enabling them to pay to the actual perpetrators unheard of compensation in bonuses, at a time that over16% of the US population is in DEPRESSION according to BLS and do not know from where their next paycheck will come. The actual industry that manufactures actual “widgets” that we can use are so constrained in their profitability presumably due to lack of investment in new equipment that they can not afford the relative small expense to lower their energy consumption for the sake of saving on pollution emission improving air quality and lowering CO2 emissions. It is obvious that the productivity edge resulting from computerizing most of the operation has run its course and now old fashion productivity measure must be taken and not smoke and mirror schemes to shore up the enterprise balance sheet Instead of investing into US infrastructure, education for all, cheaper academic education and family values and integrity Obama and his administration is paying lip service to the “FAT CATS” of Wall Street of which many completely ignored the US president call and participated “by telephone” on this so called URGENT meeting to shore up the US economy In a nutshell the US president is in the proverbial “WS Fat Cats” pocket and no more than a puppet that can be easily manipulated ….. and many expect that this US President should be respected by the leaders of other nations? … what a joke In the writer opinion until the culture of greed and self indulging will not subside and the true value of education and hard work will be reinstated in the US, there is slim chance that he US can hold on its predominant position within the world nations. From a market perspective if no radical change will ensue, and a fast return to the values that made America great I anticipate that all US related valuation from currencies to industrial operation will slide over the long term and world prominence will be taken by another country or group of countries.