La Grande Bouche aka The Bloviator [aka Obama] has been in fine form, appearing on many Sunday talk shows and Letterman last night. However, he seems to be borrowing from the propaganda techniques of totalitarian regimes in trying to not call a duck, a duck. I just heard a lecture on that fine book, "1984" by George Orwell, so got a refresher. Whether one calls his spiel - lying, or sophistry, or propaganda - doesn't matter. It's just logically false. Why must we have Presidents who think they must be false to the people ? Here's what prompted my subject today.
***WSJ Quote Follows***
The health bill drafted by Senate Finance Committee Chairman Max Baucus (D., Mont.) would fine families up to $3,800 annually if they don't buy health insurance. In an interview with ABC's "This Week" that aired Sunday, President Barack Obama said he rejected the notion that the fee represents a tax increase. "You can't just make up that language and decide that that's called a tax increase," Mr. Obama told host George Stephanopoulos.
In describing the penalty, Sen. Baucus's proposal says: "The consequence for not maintaining insurance would be an excise tax." ...
Mr. Obama has pledged not to increase taxes on families earning below $250,000 a year.
"If it looks like a tax and is enforced like a tax, it's a tax," said Sen. Orrin Hatch (R., Utah).
The White House on Monday reiterated that it doesn't view the fee as a tax.
***End of Quote***
This Obama plan is becoming worse and worse as the details emerge. How will they collect this "fine" aka "tax" from all those persons working for cash ? Of course, they'll appear as "poor" and get a subsidy, while those working on the books will get a fine - a tax penalty. What utter unfairness !
Scrap it, start over as a simple "Shared Benefit" with the funds raised fairly with a shared burden.
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Ms. Market sat down yesterday for a needed rest. This morning I see green in Europe and in US futures. I am doing nothing.
Word of the Day
"Ecceity" - noun [$1000]
Ecceity means the quality of being present. From "ecce" of Latin for "behold". Pontius Pilate said, "Ecce Homo" - "Behold the man" upon seeing Christ. [John xix 5].
Sentence: During the August canoe trip, I experienced great pleasure from my ecceity in pure nature - the wilderness.
Słowo Tygodnia
"Widzieć" - verb, imperfective, second conjugation
Widzieć means to see.
Zdanie: Widzę zielony dziś rano.
Sentence: I see green this morning.
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54 comments:
another GS upgrade............looks like the Bman's fortunes are directly related to goldman's
PS.....GS goin to 200 ???
gm Bman...please offer any thoughts you may have for the following update on Goldman Sachs IPO's for this week..
CLNY 25,000,000 @ $20.00
Colony Capital-backed REIT that will invest in commercial real estate debt. Overall this one looks weak...will check pricing tonight, but being a reit can't expect much help there....should start trading Wednesday AM and can never know how it will be received
BRKR secondary from GS might be good for a trade 12,000,000 offered around $10 final price tonight......
AONE A123 Systems could be the hot one the week pricing will be on thursday
CYTK
nailed it !!! sharkinvesting.com does it again........looks like it was purchased around 4.5 yday..........another blip hit
you noticing a pattern here Bman???........a few blip hits a day.........and i reach home plate
Verstehen Sie mich, Punker ?
danke vielmals jim !!!!!!!!!!!!!
Ich verstehe Sie, Punker.
I wish I could help, Mikey, but I never heard of them (no surprise).
Check the use of proceeds. It should be for something productive, and NOT for paying a dividend to a buyout firm, NOR to repaly debt incurred to pay such a dividend.
I would dislike in principal CLNY, as most debt REITs eventually go under from overleverage. But as a trade ...
"el bastardo amarillo"
"maricon gigante"
thanks, Bman
"maricon gigante"
roflllllllllllllllllll
mayoría del jugador valioso
mayoría del jugador valioso
mayoría del jugador valioso
Bman do you think Ben should announce the end of quantitativeeasing tomorrow at 215 ??
or at least announce they are goin to end it very soon
hmmm I need to get wrorking harder on Spanish ...
no, he should wait for unemployment to start going down.
you really think Ben should wait until 2012 Bunkerman?
Bman do you think the dollar will be higher or lower form here in say.......1 year ??
what do we really export ?? a weaker dollar is gonna skyrocket inflation
haha mfl ... peak is upon us (I need that to beat frosty).
I think the dollar will likley rise over a year.
Over longer, it depends on future events.
btw, except for oil, the US trade is already in balance.
I guess US exports lots of little things, plus grain & weapons & airplanes in big numbers.
A better energy policy would put it in balance over a few years.
AFL CIO and Norma Rae will take care of us... companies cant pay em so they have to raise prices and cant compete....so they goto India to try and make a competitive product and Barry wonders why...tax the mofos
your runnin a rat ship here...a vessel for sea goin snitches...and Harry,Olympia,BillDawg....FU TOOO!!
FTBK
nailed it !!! holy smokes........sharkinvesting.com on fire..........50cents in 10minutes ...........is that also a blip hit???..........feels like a line double to me
DANKE VIELMALS JIM !!!!!!!!!!!!!!
AFL-CIA...arrogant douchebag must be from florida...theres your enemy Sal Bass
CIO
just saw a gold chart on Blabberg ... sure looked incredibly bullish.
gold...indeed Bunky...we had the same type of short covering of the dollar ahead of the last G-20 meeting, only to have it quickly smashed...paying 30x for some of these minors seems nuts, unless you use 1500 gold, why not?
well, the chart was a long term one.
no opinion on miners, but usually they eventaully do very well IF gold makes a major move.
the pattern looks like 1300 if arithmetic, but I'd guess 1500 on a log scale.
Looking at gold nearby monthly, from 2000 to now.
might take a couple years to grind up there - would fit a slow burn fuse on an "inflation" panic.
Maybe even pop to higher. 1666 anyone ?;)
Bunk are your girls independent contractors?..lol
haha
I heard about that case ...
Bman if gold goes to 1500 ........1666......or 2000...........that flies in the face of your economic recovery ........economic growth..........moderate inflation.......'happy days are here again' prognostication
PS.............if gold goes to 2000..........your time at the MG range will pay off...........ya'know.........civilstrife and all
well well well ...............f'ng douchebag shows up
so what the F you saying ?? sell gold........buy gold............or you just like to hear yourself talk nonsense
PS.............love those oregon uniforms this weekend..........and thank you ducks .........get utah out of the bcs
'oregon beavers'.......ace...........what a f'ng moron
Bunky...you do realize that larry kudlow aka king dollars says the death of the dollar is the death of free markets...you have been warned.
mike you read that article on trader tax again??...troubling indeed
Sal...send me that wing tax petition...I feel a big growler coming and find myself short of sharmin.
G20 this week will have concrete plans to implement the transaction tax as soon as the first qtr 2010, according to sources familiar with the subject...WSJ excerpt...
uh mean charmin...nononono squeeeezzzzzzzeeerrrr it.
they could only have the balls to bring this up when the markets is up huge since March.....and we (traders) keep helping em...one day soon we will smarten up
bob why don't you just use your 'ops expo open interest spreadsheet' ?
PS..........i thought i told you to stop f'ng callin me by my real name !!!!!
we ain't friends.........we ain't never gonna be friends
PPS......still wanna be friends ???
SPINNY RAE...standing on his trading desk with UNION sign
thats not your "real" name
Bman.............you have been awfully quiet on the Tobin tax .......... is this something you are now in favor of??
I think Bman signed the petition, no?
it wouln't surprise me if the Bman was in favor of it...............of course with his stupid addendum
'only for beefers'...........any fund with more than 100m should be required to 'hold' stocks..............it will prevent 'excessive speculation'
what a bunch of thumping tosh
nein, Bud .. worldwide prosperity will increase demand for physical gold for jewelry and from central banks of emerging markets.
Kudlow ... what a bloviator.
oh, of course I'm against it ... it's not going to pass in the US and not in any major overseas market either.
I wonder what French for "bubba' is ?
or for "boob bait" ?
BEE
nailed it !!!! incredible call at sharkinvesting.com.........that's over a buck in a couple days.........come on Bman...........that's a stand up triple for sure.............what % is that frosty ??..........i can't figure it out...........ya'know..........since 'i ain't too bright'
danke vielmals jim !!!!!!!!!!!!!!!
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here's my best shot for now
Boob bait for the bubbas =>
L'appât bête des imbéciles.
[literally, foolish bait for the fools]
Bunkerman you still holding onto those shippers? Baltic Dry Index dropping faster than Bud's pride...stocks have really done nothing during this bull run...curious on your thoughts
nein, those were dumped in early July along with the rest of the Obama Fund.
longer term, yes, I like the good ones. But they are a toy of the beefer traders.
Baltic Dry Index depends a lot on vagarities of Chinese orders, inventories, etc.
Scrapping, etc.
Baltic Dry Index dropping faster than Bud's pride...
ROFLMAOOOOOOOOOOO
mayoría del jugador valioso
mayoría del jugador valioso
mayoría del jugador valioso
Bunky...baltic dry perhaps a function of more ships coming on line.
could be frosty .... I think not enough were scrapped last year in the crisis.
just something I heard...you would know better.
probably both - not enough old scrapped and not enough new builds cancelled.
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