Golden Parachute
Very good cartoon, Skipper.
It seems to me that the difference between these looter CEO’s and their opposites is the difference between Orrin Boyle and Hank Reardon in Atlas Shrugged.
What say you?
Capitalism is not the problem
OCM sometimes I wonder about you.
Bloomberg—Democrats Aren’t Budging as Thomas Opens Social Security Review
Congressional Democrats are united to stop Personal Savings Accounts (PSA) in Social Security. Representative Sander Levin of Michigan, the senior Democrat on the House Social Security subcommittee, said, “We’ll oppose Personal Savings Accounts.” Levin went on and called PSAs in reforming Social Security as “A Wolf.”
Democrats are so damn condicending
Posted by Z Woof
05/12/2005 at 09:40 AM
There is the Private Sector (People and business) and the Public Sector (Government)
The world invests in the American economy because it’s safe compared to all those other itty bitty counties.
That’s why we need tax free PSAs to reform Social Security because as soon as we do the rest of the world will follow, like sheep. We need little Chinamen working like beavers investing their PSAa in the American economy too, making all US citizens’ mutual funds go up. It’s just one more way to concentrate all wealth in America.
Posted by Z Woof
05/12/2005 at 10:15 AM
Cat,
CEO’s can’t bring down the country, nor can they bring down capitalism. Elliot Spitzer has more boardrooms across this country squirming and modifying the financial upper echelon that it’s not a worry. Our country hums on capitalism to the tune that it would take all the countries of the EU decades to catch up with us.
Chili has PSA’s and their country is thriving economically for the first time in decades.
Read Thomas Sowell. He’s a conservative Harvard economist. Writes so well that you can understand exactly what he’s saying - unlike most economists who insist on including all the intricacies that tend to make economy difficult to understand.
Posted by Phoenix
05/12/2005 at 11:44 AM
TANN: You are indeed correct. There are too many “Boyles” in charge nowadays. All fo the “Reardons” seem to have given up and retired. What a pity.
Phoenix: Same with brain surgeon Dr. Miguel Faria
Read Faria’s “Overdose of Socialism”
Posted by Z Woof
05/12/2005 at 11:52 AM
OCM said:
IF IT WERE A PRIVATE BUSINES, WOULD YOU INVEST IN IT?...........I THINK ONLY A FOOL WOULD!
invest in what? the us govt? no - you are correct only a fool would do this. but govt is not a business, nor should it be.
if you are asking about investing in businesses, then this is a far different story. and i believe your reports of the death of us capitalism are greatly exaggerated.
i feel bad for the joe 6-packs who have lost (or decreased) their pensions. but if they put all their retirement eggs in one basket, who is to blame?
ceo’s for united, delta, et al. may be making poor business decisions - and may have committed crimes a la ken lay - but i am really tiring of the vilification of “the evil rich.”
i made - and lost alot of $ in the tech bubble, but have other investments as well. social security is a moot point for me because i never entered it into my planning.
since dec 2004:BDX - up 50%
ADP - up 20%
EW - up 50%
GRMN - down 20%since october 04:
FDP - up 20%since march 05:
CRI - up 15%i will continue to invest because despite the tech bubble burst, i am still way ahead - and the demise of one revenue vehicle will not derail me
Tuff,
I lost big in when the tech bubble burst, too, and have long wondered what to invest in.
Are your abbreviations companies that you might be willing to share the names of? I can look them up, actually, but I gather from your mentioning them, you like them and will stick with them?
Posted by Phoenix
05/12/2005 at 12:21 PM
they are all ticker symbols and i am currently holding them all. but past performance is not an indicator of future returns. you have been warned
my regret is GRMN. the company has decent fundamentals (low to no debt, etc) but i bought it too high. it is volatile. if you want it, wait for it to hit the 30’s.
you should look into a professional fin mgr, or go mutual funds if you are not comfortable making your own stock picks. i have a broker that i bounce everything off of. i may soon be giving him full account authority for me as his recent suggestions have done well. i have known this guy since the early 90’s and trust him.
good luck!
-tuffTuff,
I have a financial advisor and a broker. Of course, my broker was god during the 90’s. Of late, he’s not picked anything good for me. I have mutual funds through my broker, as well, and an annuity through Met Life, but I’ve lost all the enthusiasm I once had for playing the market. I need to get back into it and change some things...for sure.
Thanks! I’ll look into your picks! NICE returns on most of them. And thanks for the boost in interest!
Posted by Phoenix
05/12/2005 at 01:36 PM
>>Damn, I wish people could comprehend what they read!
and i wish people could write comprehensible comments…
OCM I didn’t say HSAs would save the world.
I did say HSAs are the Ultimate Panecea though.
OCM change your quote to: IF “I” WAS A PRIVATE BUSINESS WOULD YOU INVEST IN IT...I THINK ONLY A FOOL WOULD INVEST IN OLDCATMAN
That would clear everything up for sure
Posted by Z Woof
05/12/2005 at 02:04 PM
Come on OCM, we have poetry too, give us a break.
Your new version of THE Question: Would anybody in their right mind invest in a company IF it were run like the government(.)
We all agree the answer is no. But I like my version of the question too.
But your question: Why can’t people comprehend what I read? Im still working on that one.
Posted by Z Woof
05/12/2005 at 03:18 PM
OCM: No again.
I’m starting to think like you OCM, so give me time.
Posted by Z Woof
05/12/2005 at 04:17 PM
OCM said:
>Tuff, you retarded idiot!OCM, if I thought it was worth it to go back and collect a sampling of your sentence fragments, run-ons, misplaced objects or general weed-induced incoherency, I would. But it is not worth it, so I won’t.
But isn’t it ironic that I (and others) only seem to have this problem with *your* posts?
...yea, it must be us!OCM said:
>I suspect that neither you nor TUFF have a book of poetry in your house....and we don’t have bongs either.
Phoenix said:
>I have mutual funds through my broker, as well, and an annuity through Met Life,I am not a financial professional, but everything I read / listen to indicates that annuities suck. Don’t play the market - put together a plan and work it strategically without keeping all your eggs in one basket.
If you want to pick stocks, get value line. It’s not cheap, though. Most libraries carry them if you are so inclined.
CAT !!
Go reread my first statement on this thread. I did NOT say ‘HSA’s’, I said PSA’s. BIG difference. Read carefully.
Tuff is right: I SO regret getting that annuity. I did it before I went to stock college. Dumb move....
Posted by Phoenix
05/12/2005 at 07:30 PM
Allan: If all the Reardons are giving up and getting out, remember, that was Atlas shrugging.
I hope OCM that
was not directed to me.
I have said repeatedly I’m starting to understand how your twisted mind works.
You are starting to make total sense to me now that you have turned your back on the Democrats, welcome aboard.
Government sucks.
Posted by Z Woof
05/12/2005 at 08:22 PM
Frankly, Woof, government sux indeed--like a vampire!
Allan, we need a cross emoticon here for obvious reasons.
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