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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (727)	5/11/2015 12:22:45 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1504

Laughable. Typical spin by the spinmeister who called for the housing bubble then denied he did after wall st. used it to smash the US economy. ++++++ RW "But a closed mind, that's a sin against knowledge and human progress. If you're stuck on 2+2=4, always, then there are no win-win actions" Krugman "And it’s true both that reform fell well short of what we really should have done and that it hasn’t yielded obvious, measurable triumphs like the gains in insurance thanks to Obamacare." Reality: Health insurance does not equal health care. Mandatory health insurance (ACA style) has resulted in corporate welfare for the HMO sector of the S&P 500 to the tune of 26% annualized returns in stock performance since the ACA was passed. IOW, wall st. vampires win again and the middle class is saddled with ever escalating unaffordable insurance policies with deductibles so high the "insured' simple avoid going to the doctor. You'r e a prime example of why we should return to 2+2=4 math skills in our schools. Logic, reality and common sense have been outlawed.

To: Road Walker who wrote (727)	5/11/2015 12:38:41 PM
From: Broken_Clock	Respond to of 1504

Krugman = wall st. vampire shill When Obama Talks About His "Massive Fight" With Wall Street, What Exactly Does He Refer To?Submitted by Tyler Durden on 05/10/2015 - 16:14 When Obama talks of a "massive fight" with Wall Street, is he referring to: - the tens of billions in handouts handed to each and every bank, unleashing the age of socialized losses and privatized profits? - the condification of the Too Big To Fail concept? - presiding over a Department of "Justice" that openly admitted it would not prosecute certain bankers over fears of systemic collapse consequences, thus mathin up TBTF with Too Big To Prosecute? - the implementation of Barney Frank which was supposed to rein in banks and instead had Citigroup lawyers and lobbysists write the language write the language in the Derivatives Swaps Out provision of the Omnibus bill as a result of $70.3 trillion in total Citigroup derivatives, which the bank knows will one day require another taxpayer bailout? or if you prefer…. 7 Days Before Holder's "90 Day Ultimatum" Expires, DOJ Declines To Prosecute CitigroupSubmitted by Tyler Durden on 05/11/2015 - 10:18 CITIGROUP SAYS DOJ DECLINED TO PROSECUTE ON LIBOR RIGGING

To: Road Walker who wrote (727)	5/12/2015 5:59:23 AM
From: RetiredNow	Read Replies (2) \| Respond to of 1504

I'm not a big believer in Krugman. He's the biggest shill on the planet earth and he's distinctly bad for the 99%. However, I'm a huge fan of Warren, who has been defending the incredibly flawed Dodd-Frank law. I'm not fan of that law, because I think it lacks real teeth, but it's better than nothing and Warren is the only principled Senator we have when it comes to financial industry reform. On another note, it looks like common sense still prevails in some states. Just read about McRory's success in North Carolina. Some people still understand mathematics...too much debt is a bad thing. -------- Thanks To Gov. McCrory, North Carolina Pays Off $2.75 Billion Debt, Saving Taxpayers $280 Million Accepting large sums of money from the federal government often carries negative consequences. In 2009, North Carolina began borrowing federal money in order to extend unemployment insurance benefits. The amount owed by the Tar Heel State piled higher and higher – until North Carolina Governor Pat McCrory decided to take some proactive, bold steps regarding both debt and taxation. Now, those steps are yielding impressive and encouraging results. This week Governor McCrory announced that his state’s $2.75 billion debt to the national government has been paid off (and, notably, $2.5 billion of that daunting sum was paid off during McCrory’s time as governor). McCrory made the strategic decision to cut weekly unemployment payments and decrease the amount of time a jobless worker could receive these payments. Maximum weekly compensation dropped to $350 from $535, and the allowable timeframe for collecting payments went from six months to fifteen weeks. This decision disqualified North Carolina from a federal compensation program for the long-term unemployed – a move that proved crucial to spurring employment. No longer compensated to stay out of the job market, unemployed North Carolinians sought work, and the state’s unemployment rate (nearly the worst in the U.S. when Governor McCrory took office in 2013) fell lower than the national average. Senate President Pro-Tem Phil Berger (R-Rockingham) underscored the importance of this accomplishment, noting that each year the state didn’t pay off the debt, North Carolina businesses would suffer the ramifications of incrementally higher taxes. Berger explained that “the debt to the federal government was a tax on jobs, pure and simple.” By paying off this nearly $3 billion debt four years earlier than required, the McCrory administration is helping business owners save a serious amount of money. (For every year the federal debt remained unpaid, business were seeing unemployment insurance taxes rise by $21 per employee.) The thousands of dollars being spent to pay down the debt, McCrory noted, “could have been invested in new jobs or raises for productive employees.” With the debt paid off, North Carolina businesses will save $280 million in penalties this year alone. Rather than being thrown at an ineffective government program, those dollars can be invested in new jobs, new equipment, and new opportunities. North Carolina Secretary of Commerce John E. Skvarla, III, said this week that the early repayment makes North Carolina “more attractive to employers who want to move here and create jobs.” McCrory’s strategy provides more than early exit from the heavy burden of debt – it provides businesses the opportunity to thrive in North Carolina. forbes.com