Hillary Clinton Pushes for Global Tax on Elites | The Weekly Standard

They're working on that as we speak.

 

Recovery???? You see $16 trillion in debt and exponentially increasing with anemic GDP "growth" as being on a path to recovery?

 

There will be some kind of workaround... trust me.

 

Sounds apolitically correct to me. The mess remains, the question is how we split the tab. I wasn't talking about the size of the tab, or the participants willingness or ability to pay. I do think that there will be a modest recovery, with the can being partly kicked down the road.

 

A modest economic recovery, yes. Nibbling at the structural problem, yes. Inflation: likely. There is so much cheap money sloshing around that's begging to be spent, and saving is painful.

Are you forecasting the end of the world?

 

I think America is in deep deep trouble as a world power. We are destined for mediocrity under you-know-who. The best is yet to come? "Nibbling" at the problem won't cut it either. The patient needs a tourniquet. This guy hasn't even taken a band aid out of the box. The Fed can't allow inflation. That would be disastrous. Interest rates will remain low, or small business will not have any access to money. That or socialism really can work... (sarcasm in case I need to point it out). Nope.. we are painted into the proverbial corner, and the policies we have before us are not gonna get us out of it. Again, the question I have is whether to go the route of being a good citizen and paying one's bills and all that, or go all in and become another taker.

As to that cheap money of which you speak. Since he will continue his assault on the evil banks, I am guessing that that cheap money will not be as plentiful as you think. Maybe the government will print more and hand it out to his pet projects, but all that does is accelerate us down the path he has laid out before us.

See Greece for a glimpse of the future. My bet is $19 trillion in debt as to when the dollar is no longer relevant. Sometime in 2015. But don't worry, your taxes will pay for it all.

 

Dude;

You are preaching to the choir. I have sold 1 house since 2008. I still have 13 in inventory. The good news is that all they eat is property tax, insurance, lawn maintenance and electricity. The bad news is that I am too chicken to be a large scale landlord due to the threat of meth labs. I just finally decided to be the bank and carry the mortgages for any qualified buyers.

The problem with that is there are no qualified buyers. Gather 100 working people together and fewer than 10 of them can come up with 20% down by pooling all of their assets. When you are in the situation I am in, it is really, really clear how few people have any money.

There are certainly areas where housing has seen a rebound. I went to the beach last month to make an offer on another house. The accepted offer was $90K higher than the asking price. IMO, those people were just locking in cheap money (3%).

So...I say again...if you are planning on a big ticket item purchase, lock down your interest rate sooner rather than later.

 

As Bob Marley used to say "legalize it"

then tax the hell out of it.

Man we need the dues.

That'll be the "legacy."

 

Fellas, can we save the drama, today? Just because one person won and your guys didn't, doesn't mean the world is going to come to an end. Our planes will still fly. Humans will still walk the earth on two legs.

If we really want to kick butt, we should find a way for Delta to hire Nate Silver.

 

Nobody likes a sore loser, T. I'm willing to talk about the problems with face with getting into politics, but I'm not interested in your blame-game hystrionics. If you want to blame someone, blame people that inherited something good, and turned it into sh$t. Actually, no, that's not good enough: why don't we accept our individual participation in the collective spending binge, and voting for people who enabled it.

Regardless, I'm optimistic. I can't foresee every solution to our problems, but I imagine that some inflation, some de-facto devaluation of the $, and the fact the world needs us to succeed, tell me we'll get there eventually. I'm not going to have a coronary hyperventilating over a future that would have to occur without my long-dead a$$.

I'm going to grab a good drink and a good book, and check on the end of the universe occasionaly.