| Author |
|
Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
|
| Posted: 17 September 2008 at 4:46pm | IP Logged | 1
|
|
|
Mike Myers I think you misunderstand me on many points. It could be my fault for not making them clear.
You language of "it's a correction" isn't English man. Speak clearly. You don't have this sort of turmoil, shrug your shoulders, and go "this is merely a correction" etc.
I gave you my derivatives answer. It would work.
The rest, point by point, isn't worth it.
The government bailed out Fannie, Freddie, LTCM, Bear Stearns, AIG, and so on because of systemic risk to the financial system of this planet. Period.
McCain is advised. He doesn't come up with health insurance plans. His advisers, probably over at Heritage, came up with it. That's a guess.
Edited by Michael Retour on 17 September 2008 at 5:23pm
|
| Back to Top |
profile
| search
|
| |
Tom French
Byrne Robotics Member
Joined: 07 January 2005
Location: United States
Posts: 4154
|
| Posted: 17 September 2008 at 4:56pm | IP Logged | 2
|
|
|
Three-hundred pages!?!? Damn, dudes...(and dudettes...) think you can squeeze off a couple hundred more before the election?
|
| Back to Top |
profile
| search
|
| |
Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
|
| Posted: 17 September 2008 at 5:01pm | IP Logged | 3
|
|
|
McCain's health care plan the most common sense approach? It won't work anymore than the AIG bailout. People are dreaming.
|
| Back to Top |
profile
| search
|
| |
Michael Myers
Byrne Robotics Member
Joined: 28 December 2004
Posts: 831
|
| Posted: 17 September 2008 at 5:19pm | IP Logged | 4
|
|
|
Honestly, Michael, I don't think so. And sure, I'm teasing out what I see as the extremity of your stance; but I've said before that even when I agree with you in theory there's always that one deviant angle that provides too big a disconnect to overcome. A lot of this stuff is of a fundamental nature with which no one should disagree without consideration...but, when I read your posts, it always seems to get carried those extra seven notches.
That's the irony of our ongoing disagreement, Michael.
|
| Back to Top |
profile
| search
|
| |
Michael Myers
Byrne Robotics Member
Joined: 28 December 2004
Posts: 831
|
| Posted: 17 September 2008 at 5:20pm | IP Logged | 5
|
|
|
"McCain's health care plan the most common sense approach? It won't work anymore than the AIG bailout. People are dreaming."
Smiling.
|
| Back to Top |
profile
| search
|
| |
Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
|
| Posted: 17 September 2008 at 5:25pm | IP Logged | 6
|
|
|
Yeah, like the Joker's victims smile except were talking victims of HMOs. McCain support HMOs?
Arghh. I just looked at McCain's plan and it comes across like America: Drop dead.
Edited by Michael Retour on 17 September 2008 at 5:28pm
|
| Back to Top |
profile
| search
|
| |
Scott Richards
Byrne Robotics Member
Joined: 22 September 2005
Posts: 1258
|
| Posted: 17 September 2008 at 5:33pm | IP Logged | 7
|
|
|
Obviously, such a takeover wouldn't happen unannounced, overnight. As far as pension plans go...government employees receive pensions, such as my mother who just retired from 30+ years of service with the Social Security Administration. It's not unfeasable that some provision for absorption of existing pension plans within the health insurance companies into government pension plans could/would be worked out. Likewise, since there would certainly be a significant amount of advance notice, 401k plans could be adjusted away from investment in the health insurance companies.
Except the day advance notice goes out the stock value drops to zero instantly. No one is going to keep trading in a stock that they know will be worthless.
|
| Back to Top |
profile
| search
|
| |
Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
|
| Posted: 17 September 2008 at 5:35pm | IP Logged | 8
|
|
|
If you have problem with some sort of language I use say so. Deviant angle? C'mon Mike just admit we're in the greatest collapse in history and these boobs that run banks etc. are clowns that would not have been hired when my father was in finance. You're not even old enough to know what a functioning economy is are you? If your profile is correct you've never seen an agro-industrial USA so how can you possibly sit there, with Richard Boone no less, and pontificate on economics?
I find your comments interesting but not serious. I don't find you crazy except to the extent you believe McCain's intent, the Fed, the BLS, etc.
Seriously, if you were born in '69 you have never even seen a functioning US economy. You've seen decay all your life and somehow someone got it into your head this is prosperity and we're going through a "correction" lol, whatever that means.
Correction means what? The market (is is alive) is correcting itself?
And, please don't compare me to the Von Mises etc. schools of nonsense. If you have any idea what the nation was based on economically you'd have said so.
You've read Hamilton's Reports? Lincoln's economic adviser Carey's books? I doubt it. Don't confine yourself to the garbage put out by the government to hide their failures. Get into the meat of the matter.
Richard Boone. I am shocked at this avatar.
|
| Back to Top |
profile
| search
|
| |
Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
|
| Posted: 17 September 2008 at 5:36pm | IP Logged | 9
|
|
|
Richards what's your health care plan for America?
|
| Back to Top |
profile
| search
|
| |
Michael Myers
Byrne Robotics Member
Joined: 28 December 2004
Posts: 831
|
| Posted: 17 September 2008 at 5:37pm | IP Logged | 10
|
|
|
Editing the content of your posts after I've responded, Michael?
1. I've never said "merely a correction". My use of the term 'correction' was in regard to the housing market...and that is, by definition, what occurred in the housing market. It was the bursting of a bubble.
2. You don't have a definitive answer to the derivatives market. End of story. Your suggestion wasn't mark to market or reviving the uptick; no, you went on about some empty bullshit of creating an entirely NEW economic system.
3. LTCM was ten years ago, yet here we all sit. We haven't even come close to the crash of either '87 or '90 in actual market drop--though we may well might over the next few months--yet, you're already talking about scrapping it all and starting again with all of us building the metaphorical equivalent of carriages as though that were remotely a possibility. You are a fucking loon, man.
4. Heritage? I wouldn't doubt it. But in the current environment, tell me it doesn't make more sense than Senator Obama's notions?
|
| Back to Top |
profile
| search
|
| |
Michael Myers
Byrne Robotics Member
Joined: 28 December 2004
Posts: 831
|
| Posted: 17 September 2008 at 5:40pm | IP Logged | 11
|
|
|
If you have problem with some sort of language I use say so. Deviant
angle? C'mon Mike just admit we're in the greatest collapse in history
and these boobs that run banks etc. are clowns that would not have been
hired when my father was in finance. You're not even old enough to
know what a functioning economy is are you? If your profile is correct
you've never seen an agro-industrial USA so how can you possibly sit
there, with Richard Boone no less, and pontificate on economics?
I
find your comments interesting but not serious. I don't find you crazy
except to the extent you believe McCain's intent, the Fed, the BLS,
etc.
Seriously, if you were born in '69 you have never even
seen a functioning US economy. You've seen decay all your life and
somehow someone got it into your head this is prosperity and we're
going through a "correction" lol, whatever that means.
Correction means what? The market (is is alive) is correcting itself?
And,
please don't compare me to the Von Mises etc. schools of nonsense. If
you have any idea what the nation was based on economically you'd have
said so.
You've read Hamilton's Reports? Lincoln's economic
adviser Carey's books? I doubt it. Don't confine yourself to the
garbage put out by the government to hide their failures. Get into the
meat of the matter.
Richard Boone. I am shocked at this avatar.
_____________
This, I'll tear apart when I get back from tkd. Just like I've done with every notion you've put forward.
|
| Back to Top |
profile
| search
|
| |
Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
|
| Posted: 17 September 2008 at 5:43pm | IP Logged | 12
|
|
|
NEWSFLASH
The American Enterprise Institute's Thomas P. Miller is one of the folks crafting McCain's health care plan. What a joke. You might as well have Mussolini do it.
----------------------------
Mike I do apologize for editing after you comment but I didn't realize you were Johnny Quick tonight.
LTCM? I don't care if it was 20 years ago. It was systemic. Yeah, here we sit: worse off than then.
Obama? Worthless and has no answers.
To me, we don't have a candidate.
And, no I am not talking about rebuilding the bankrupt system -- central bankers are and whatever you are you are not a central banker. You a guy, like me except younger, who has never seen an economic powerhouse in his life because you're too young. Born in 1969 makes you 40 and believe me we don't have the industrial capacity we did 40 years ago by a long shot.
Ask your old man, or some old man.
You swallow every government stat as if it was right from God's mouth to your ear. What a surprise you are in for.
Edited by Michael Retour on 17 September 2008 at 5:53pm
|
| Back to Top |
profile
| search
|
| |
Topic Closed)
