Recent content by Budarow

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Economic Growth Rate Downgraded to Anemic 1.6 Percent in Second Quarter

Whether we're talking about economic reports or company profits, YonY comparisons are usually a better way to compare performance since it takes seasonality out of the equation. However, the above also assumes we're in a "normal" economic cycle. When clearly we are not. The past ~6 quarters...
- Budarow
- Post #107
- Aug 29, 2010
- Forum: Politics and News
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Economic Growth Rate Downgraded to Anemic 1.6 Percent in Second Quarter

Getting back on topic...Q1, 2011 should be the 1st quarter of the double dip. Once the repubs get more seats in the house and senate, there will be no more stimulus programs aimed to help the middle/working class.
- Budarow
- Post #90
- Aug 28, 2010
- Forum: Politics and News
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Economic Growth Rate Downgraded to Anemic 1.6 Percent in Second Quarter

I think you're 100% correct.
- Budarow
- Post #89
- Aug 28, 2010
- Forum: Politics and News
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Economic Growth Rate Downgraded to Anemic 1.6 Percent in Second Quarter

You provided the 3 essential facts which are the causes of the problem right now. Debt can't save the day this time because the world is basically at its credit limit. Borrow more $$$ and interest rates will rise. Print more $$$ and interest rates will rise and the local currency fall...
- Budarow
- Post #87
- Aug 28, 2010
- Forum: Politics and News
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Economic Growth Rate Downgraded to Anemic 1.6 Percent in Second Quarter

The big shot government peeps (Bush, Cheney, Paulson, foreign governments, etc.) and big business people knew all along it wouldn't work, but it stabilzed the world economy long enough to give them ample time to shift their assets around in time to protect their $$$. And I got a chance to...
- Budarow
- Post #86
- Aug 28, 2010
- Forum: Politics and News
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And Now We're Headed For The GREATEST Depression

It's your right to believe whatever you want but keep in mind, the "consumer" would like to consume but they can't spend what they don't have through wage increases or increasing debt. In my own situation, I have NOT received about $20k over the last ~3 years due to cut backs at work (i.e., no...
- Budarow
- Post #72
- Aug 21, 2010
- Forum: Politics and News
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And Now We're Headed For The GREATEST Depression

It's not that simple. If the big companies and small countries weren't bailed out (i.e., the banks, GM, Chrysler, Greece, Spain, etc.), it would have started a domino effect via the world-wide derivatives market (DM). Supposedly, the DM (i.e., "bets" on literally EVERY kind of happenings...
- Budarow
- Post #70
- Aug 21, 2010
- Forum: Politics and News
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Obama claims GOP trying to destroy Social Security

At this point in time, I'm completely indifferent to SS and everyone else's view on "fairness" with respect to SS. I've paid my actual share of taxes as both a W2 earner and a self-employed business owner for 25+ years and saved a fair amount along the way. So if anyone (to include myself)...
- Budarow
- Post #145
- Aug 18, 2010
- Forum: Politics and News
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Obama claims GOP trying to destroy Social Security

It's my right to speak my mind and if you don't like it, move to another country where free speech isn't generally free, or at least stop pleading your case that you need ever more to be content in life no matter what happens to anyone else. It's flat out greed you're conveying.
- Budarow
- Post #143
- Aug 18, 2010
- Forum: Politics and News
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Obama claims GOP trying to destroy Social Security

Steal your money? Consider it just another tax that you won't be getting back and a necessary measure to keep a broken system going for a little longer to help keep society sane. If you've got $3M+, I'd say the "system" has been VERY generous to you and you'll still do just fine without the...
- Budarow
- Post #135
- Aug 16, 2010
- Forum: Politics and News
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Obama claims GOP trying to destroy Social Security

LOL! And NO, I know I'll never see much of anything from SS either!!
- Budarow
- Post #134
- Aug 16, 2010
- Forum: Politics and News
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Obama claims GOP trying to destroy Social Security

The 1st fix....take all SS benefits away from anyone who has a lot of assets (e.g., $3 million plus) within the past 7 years (i.e., to prevent moving assets for fraud).
- Budarow
- Post #86
- Aug 15, 2010
- Forum: Politics and News
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Obama claims GOP trying to destroy Social Security

Which is why the "destitute" in their old age (perhaps myself included) will be eating Alpo for breakfast, lunch and dinner. Does anyone really believe our kids will be willing to pay for "old people" to be retired (and/or for old people to still collect SS and work minimum wage jobs) when they...
- Budarow
- Post #85
- Aug 15, 2010
- Forum: Politics and News
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Is an oil free future even possible with current and forseeable future technology?

All your references seem to center around hydrogen fuels not making sense if the hydrogen is produced by buring coal or natual gas and I agree, that wouldn't be green energy. I'm talking about a combo solar (or wind) and hydrogen fuel powered electricity generating power plants. When the sun...
- Budarow
- Post #79
- Jul 18, 2010
- Forum: Politics and News
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Is an oil free future even possible with current and forseeable future technology?

Not that it would happen anytime soon because the big oil firms and politians won't let it, but why not build many solar arrays and wind farms and use the electricity to produce hydrogen fuels which would then be transported all over the country using the existing pipeline infrastructure system...
- Budarow
- Post #66
- Jul 18, 2010
- Forum: Politics and News

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