Upcoming Travel....
I'll be on a business trip from tomorrow through Monday, so my next post will probably be after I get back to New York. Thanks for all the email recently, and feel free to send me your comments about anything interesting that happens while I'm away.
posted by The Cunning Realist at Wednesday, October 05, 2005
21 Comments:
Hello? Anybody home?
Bill Maher's New Rules - New Rule: You can only kill the number-two man in Al Qaeda once. According to the White House, we've killed the number-two man in Al Qaeda about nine times now. He's not a terrorist. It turns out he's a zombie. We're fighting them over in Transylvania so we don't have to fight them here.
James Cramer, wrote "The Gold Parachute or, how to stop worrying and save yourslef from the president's profligate spending and stubborn insistence on no new taxes" - Bush is making LBJ look like a fiscal conserviative - For the longest time, because Bush is a Republican, we on Wall Street simply didn’t believe that he could be a reckless spender. We knew only two paradigms: You either spent less and cut taxes or you spent more and raised taxes. Both courses at least presumed some sacrifice at some time. Not Bush’s plan. He’s gone on both the biggest spending binge and the lowest taxation course in U.S. history, which, alas, will produce gigantic liabilities down the road. Of course, he’ll be back on the ranch by the time his successor will have to deal with his inflation and currency debasement. Our only hope that financial disaster won’t strike sooner lies with the Chinese,...
"we on Wall Street simply didn’t believe that he could be a reckless spender."
Goes to show you why "we" don't use experts any longer.
Where the heck is CR? Plame matter looking mighty interesting.
Anyone taking notice of the news from the Presidents Tax commision? From the NYT: President Bush's tax advisory commission indicated on Tuesday that it would not propose replacing the income tax with a national sales tax or a value-added tax, but would recommend limits in the popular tax deductions for mortgage interest and employer-provided health insurance.
Anyone besides me concerned with what Mortgage Interest Deductions (or the lack thereof) would do to the financial picture of Joe and Jane sixpack? Bear in mind, the Credit Card industry just re-wrote the bankruptcy laws, and now there is a proposal on the table to make all those interest-only mortgages non-deductible. Are there any collection agencies listed on the NYSE, I think they may be about to skyrocket.
The joke going around is that in 2006 the Republican platform will be higher cost of home ownership and unaffordable healthcare.
Republican representative steps down and his final thoughts:
"Was the pre-emptive military strike to remove Saddam in America's best interest? That is a question that receives a sharply divided response in our country with the trend being against the pre-emptive military action we launched. I've reached the conclusion, retrospectively, now that the inadequate intelligence and faulty conclusions are being revealed, that all things being considered, it was a mistake to launch that military action, especially without a broad and engaged international coalition. The cost in casualties is already large and growing, and the immediate and long-term financial costs are incredible. Our country's reputation around the world has never been lower and our alliances are weakened. From the beginning of the conflict it was doubtful that we for long would be seen as liberators, but instead increasingly as an occupying force. Now we are immersed in a dangerous, costly mess and there is no easy and quick way to end our responsibilities in Iraq without creating bigger future problems in the region and, in general, in the Muslim world."
Oh yeh, "bring'em on" :-(
I hope CR is OK.
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