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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (111626)	5/16/2010 12:31:31 PM
From: mishedlo	5 Recommendations Read Replies (1) \| Respond to of 116555

What is the value of president Obama? I think his value is enormously negative. So was President Bush. The value of a union fireman is decidedly negative as well. They take more in tax dollars then they are worth by far. The value of a volunteer firemen is great. The value of a teacher varies. I dont know what they are worth because only the free market can decide that, but I can say the free market would not be offering those generous benefits. Now if you want to bitch about the tax rate of hedge fund managers, that is fine, but comparison of value is absurd. Value is what a free market would pay. We do not have one. BUT there is arguably less of a free market in public unions. Mish