LaxPower Back-Up Stick

Posted: **Sat Jun 06, 2020 6:58 pm**

Peter Brown wrote: ↑Sat Jun 06, 2020 6:50 pm You’re trying to excuse the bad actors in this play.

Nope. You're unable to discuss ideas without party affiliation. You're doing PRECISELY what both Dem and R leaders want...blame "the other guy" for all ills in life.

Meanwhile, nothing gets done. And you don't notice that "your guys" aren't governing the way you want them to govern.

Posted: **Sat Jun 06, 2020 7:03 pm**

a fan wrote: ↑Sat Jun 06, 2020 6:58 pm
Peter Brown wrote: ↑Sat Jun 06, 2020 6:50 pm You’re trying to excuse the bad actors in this play.
Nope. You're unable to discuss ideas without party affiliation. You're doing PRECISELY what both Dem and R leaders want...blame "the other guy" for all ills in life.

Meanwhile, nothing gets done. And you don't notice that "your guys" aren't governing the way you want them to govern.

I don’t ‘notice’? Lol. Everything is binary a fan. Every Democrat Governor is eviscerating his state’s economy right now playing to the woke mob. Ironically maybe only Colorado’s has shown a semblance of business instinct, likely because he was one at some point.

Every republican Governor is behaving exactly as I’d have them.

If you’re saying then national level Republican isn’t doing everything I want, sure. But it’d be a whole helluva lot worse under madame Clinton.

Posted: **Sat Jun 06, 2020 10:15 pm**

Peter Brown wrote: ↑Sat Jun 06, 2020 7:03 pm I don’t ‘notice’?

No, you don't. If I listed the things that you party has done in the last three years and didn't tell you who enacted those policies? You'd tell me that 90% of those policies were horrible, and you didn't like them.

Peter Brown wrote: ↑Sat Jun 06, 2020 7:03 pm If you’re saying then national level Republican isn’t doing everything I want, sure. But it’d be a whole helluva lot worse under madame Clinton.

There it is. This is my point. You despise the Dems with every fiber of your being. And yet all that Trump and your R's need to be is one inch better than what you think the Dems would do.....and you're happy.

This is what they count on. Nice job.

The smart way to handle it is to ignore the team you hate, and hold your team to account. THEN things get done.

Posted: **Sun Jun 07, 2020 8:48 am**

a fan wrote: ↑Sat Jun 06, 2020 10:15 pm
Peter Brown wrote: ↑Sat Jun 06, 2020 7:03 pm I don’t ‘notice’?
No, you don't. If I listed the things that you party has done in the last three years and didn't tell you who enacted those policies? You'd tell me that 90% of those policies were horrible, and you didn't like them.

Peter Brown wrote: ↑Sat Jun 06, 2020 7:03 pm If you’re saying then national level Republican isn’t doing everything I want, sure. But it’d be a whole helluva lot worse under madame Clinton.
There it is. This is my point. You despise the Dems with every fiber of your being. And yet all that Trump and your R's need to be is one inch better than what you think the Dems would do.....and you're happy.

This is what they count on. Nice job.

The smart way to handle it is to ignore the team you hate, and hold your team to account. THEN things get done.

The Dems ‘I despise’ are their leaders, not their voters. Generally I don’t think their voters are too bright, mostly caused by trusting in what they think is objective media but which normal Americans know is partisan left wing trash.

Second, when the alternative to my preferred pure libertarian policy is a party which ruins whole cities by being woke, and then seeks to defund the police, well I’m sorry but any sane voter doesn’t have much of a choice at that stage. The Democrats are digging their grave far faster than a Fanlax poster could hope to.

Posted: **Sun Jun 07, 2020 8:56 am**

a fan wrote: ↑Sat Jun 06, 2020 10:15 pm
Peter Brown wrote: ↑Sat Jun 06, 2020 7:03 pm I don’t ‘notice’?
No, you don't. If I listed the things that you party has done in the last three years and didn't tell you who enacted those policies? You'd tell me that 90% of those policies were horrible, and you didn't like them.

Peter Brown wrote: ↑Sat Jun 06, 2020 7:03 pm If you’re saying then national level Republican isn’t doing everything I want, sure. But it’d be a whole helluva lot worse under madame Clinton.
There it is. This is my point. You despise the Dems with every fiber of your being. And yet all that Trump and your R's need to be is one inch better than what you think the Dems would do.....and you're happy.

This is what they count on. Nice job.

The smart way to handle it is to ignore the team you hate, and hold your team to account. THEN things get done.

I’m willing to do my best to do this. Is anyone else here? Probably not too many.

And afan, I love you, guy, but please give the same speech to all your compatriots on the Left side of the Aisle who were cheering the pointless and ultimately partisan and useless impeachment that was taking all of Congress, Senate and the POTUS’s attention In Dec- while Corona was infiltrating our country and they ALL had their thumbs up their ... behinds ...playing the politics game that you so loathe.

Posted: **Sun Jun 07, 2020 12:33 pm**

kramerica.inc wrote: ↑Sun Jun 07, 2020 8:56 am And afan, I love you, guy, but please give the same speech to all your compatriots on the Left side of the Aisle who were cheering the pointless and ultimately partisan and useless impeachment that was taking all of Congress, Senate and the POTUS’s attention In Dec- while Corona was infiltrating our country and they ALL had their thumbs up their ... behinds ...playing the politics game that you so loathe.

I understand your point, but you picked the wrong issue here.

It wasn't useless, and I agree 100% with them impeaching him. It's one of a handful of things that I'm glad Pelosi did.

It's now on the record that if you use the power of the Presidency to "investigate" your political rivals, you'll get impeached. If Pelosi let that slide?

Biden could get into office, and go after Trump's family with every single tool at his disposal. And then move on to McConnell's family. And then Graham. And then move on to State reps. Don't believe me? I asked posters directly if they think it's ok for Trump to investigate Hunter and Joe's activity in Ukraine. Everyone answered not only was that ok....that was actually Trump's job. It was his job to root out corruption. This is insane.

And no, you don't get to accuse me of making things up that will never happen, because: Nixon already did things like this.

And I DID make this speech when Obama was in charge. But I didn't really have to do that. Know why? Because the libs didn't pull the same nonsense that the Republicans are pulling here with the "Obama Syndrome" whining, claiming that citizens can't criticize their President unless they are insane.

We had ONE single, solitary poster in 8 years of Obama who was all in, and refused to criticize him. DocB. That was it. Everyone else? Dis and others can list the things they didn't like about Obama with no trouble whatsoever. Droning comes to mind. Giveaways and exemptions in Obamacare comes to mind. Not going single payer and instead, toadying to big Pharma and big Insurance comes to mind. IRS scandal most certainly comes to mind.

In the meantime, outside of C&S----show me the criticism of Trump from the usual suspects. "Coincidentally" things that made them livid when Obama did them, get a full pass from this crowd.

The part I remember making this "speech" was when DocB was waving Hillary's insane and reckless decision to set up her own server, and acting like that was no big deal. And then again with her SoS Clinton Foundation game of taking money to secure a meeting with the Sec of State...Hillary. That was obscene. There's a reason I don't talk about Hillary with my wife, Kram.

And I've already written that I don't like Joe Biden, and I"m PO'ed at his obvious corruption----legal corruption---- in Ukraine with his son and his stupid no-show job. And if he gets elected? You're going to hear plenty, assuming Mitch actually allows him to pass bills.

If Mitch pulls the same thing he did with Obama, and doesn't let Biden pass bills for six full years? Yep, you're not going to hear much from me. Pretty hard to criticize legislation when it ain't happening.

Posted: **Sun Jun 07, 2020 2:38 pm**

a fan wrote: ↑Sun Jun 07, 2020 12:33 pm
kramerica.inc wrote: ↑Sun Jun 07, 2020 8:56 am And afan, I love you, guy, but please give the same speech to all your compatriots on the Left side of the Aisle who were cheering the pointless and ultimately partisan and useless impeachment that was taking all of Congress, Senate and the POTUS’s attention In Dec- while Corona was infiltrating our country and they ALL had their thumbs up their ... behinds ...playing the politics game that you so loathe.
I understand your point, but you picked the wrong issue here.

It wasn't useless, and I agree 100% with them impeaching him. It's one of a handful of things that I'm glad Pelosi did.

It's now on the record that if you use the power of the Presidency to "investigate" your political rivals, you'll get impeached. If Pelosi let that slide?

Biden could get into office, and go after Trump's family with every single tool at his disposal. And then move on to McConnell's family. And then Graham. And then move on to State reps. Don't believe me? I asked posters directly if they think it's ok for Trump to investigate Hunter and Joe's activity in Ukraine. Everyone answered not only was that ok....that was actually Trump's job. It was his job to root out corruption. This is insane.

And no, you don't get to accuse me of making things up that will never happen, because: Nixon already did things like this.

And I DID make this speech when Obama was in charge. But I didn't really have to do that. Know why? Because the libs didn't pull the same nonsense that the Republicans are pulling here with the "Obama Syndrome" whining, claiming that citizens can't criticize their President unless they are insane.

We had ONE single, solitary poster in 8 years of Obama who was all in, and refused to criticize him. DocB. That was it. Everyone else? Dis and others can list the things they didn't like about Obama with no trouble whatsoever. Droning comes to mind. Giveaways and exemptions in Obamacare comes to mind. Not going single payer and instead, toadying to big Pharma and big Insurance comes to mind. IRS scandal most certainly comes to mind.

In the meantime, outside of C&S----show me the criticism of Trump from the usual suspects. "Coincidentally" things that made them livid when Obama did them, get a full pass from this crowd.

The part I remember making this "speech" was when DocB was waving Hillary's insane and reckless decision to set up her own server, and acting like that was no big deal. And then again with her SoS Clinton Foundation game of taking money to secure a meeting with the Sec of State...Hillary. That was obscene. There's a reason I don't talk about Hillary with my wife, Kram.

And I've already written that I don't like Joe Biden, and I"m PO'ed at his obvious corruption----legal corruption---- in Ukraine with his son and his stupid no-show job. And if he gets elected? You're going to hear plenty, assuming Mitch actually allows him to pass bills.

If Mitch pulls the same thing he did with Obama, and doesn't let Biden pass bills for six full years? Yep, you're not going to hear much from me. Pretty hard to criticize legislation when it ain't happening.

This from a guy who tells us Obama cut spending.

He doubled the national debt—ALL the debt piled up from 250 years of American history INCLUDING WWII—he doubled in 8 years.

He single handily (with only democrats to help) created the single largest entitlement and redistribution of wealth in human history.

Posted: **Sun Jun 07, 2020 3:02 pm**

6ftstick wrote: ↑Sun Jun 07, 2020 2:38 pm This from a guy who tells us Obama cut spending.

He did! His last two years in office. And remember what your reaction was? You were upset about a lack of spending, and a lack of jobs growth. Remember?

6ftstick wrote: ↑Sun Jun 07, 2020 2:38 pm He doubled the national debt—ALL the debt piled up from 250 years of American history INCLUDING WWII—he doubled in 8 years.

You don't get to complain about that anymore. Trump and your Congress blew that record spending to pieces, six.

Because what was your reaction to all that spending with a little R next to it? Glee! Nostop gloating about how awesome the economy is now that Trump took the spending you are still claiming you hated----and added now $6 Trillion more in spending. $6 Trillion more, six.

Where are your complaints about that? You don't have any. Because you don't actually care about this issue when a R does it.

6ftstick wrote: ↑Sun Jun 07, 2020 2:38 pm He single handily (with only democrats to help) created the single largest entitlement and redistribution of wealth in human history.

Yep. And as I just told you, we complained about Obamacare. Everyone except Doc.

And your hero Trump forgot to fix it, remember? Now it's on him. What we have now is TrumpCare. Are you going to complain about that? Or are you just going to keep blaming Obama, and pretend like your team had the chance to fix it....and didn't get it done?

Posted: **Sun Jun 07, 2020 3:10 pm**

a fan wrote: ↑Sun Jun 07, 2020 12:33 pm
kramerica.inc wrote: ↑Sun Jun 07, 2020 8:56 am

Biden could get into office, and go after Trump's family with every single tool at his disposal. And then move on to McConnell's family. And then Graham. And then move on to State reps. Don't believe me? I asked posters directly if they think it's ok for Trump to investigate Hunter and Joe's activity in Ukraine. Everyone answered not only was that ok....that was actually Trump's job. It was his job to root out corruption. This is insane.

Ig.
Whose job IS it ....rooting out corruption? And, so what, that Biden would "go after" Trumps family. SO WHAT. If they were doing illegal things, just because you aren't in office any longer ?

Makes about as much sense as NOT charging a cop with a murder, like Chauvin, b/c he is no longer a cop.

but, alas, YOU don't think that anything was done wrong regarding Hunter the crackhead landing that job. Nothing to see here, move along. Or, rather, he's no longer in office, so why investigate ? DO we have this write?

Posted: **Sun Jun 07, 2020 3:12 pm**

a fan wrote: ↑Sun Jun 07, 2020 3:02 pm
6ftstick wrote: ↑Sun Jun 07, 2020 2:38 pm And your hero Trump forgot to fix it, remember? Now it's on him. What we have now is TrumpCare. Are you going to complain about that? Or are you just going to keep blaming Obama, and pretend like your team had the chance to fix it....and didn't get it done?
One more time. Starting the day he was inaugurated Trump was accused of everything and anything the left could splash on him. All day every day.

Amplified by the MSM. 95% bad press. Documented

The republicans in Congress failed to get behind him out of fear. Still Obamacare was about to be fixed when John McCain killed the bill out of spite.

By the time republicans rallied to Trump the democrats had lied their way into taking over the House.

Opportunity missed. Now republicans are getting squeamish again.Very few of them have any balls.

Posted: **Sun Jun 07, 2020 3:26 pm**

runrussellrun wrote: ↑Sun Jun 07, 2020 3:10 pm Whose job IS it ....rooting out corruption?

On the Federal level? The FBI. Any other questions?

Posted: **Sun Jun 07, 2020 4:07 pm**

6ftstick wrote: ↑Sun Jun 07, 2020 2:38 pm One more time. Starting the day he was inaugurated Trump was accused of everything and anything the left could splash on him. All day every day.

How did Trump "manage" to pass his massive tax cut package, and all those handouts to the rich and multinational corporations if the "problem" was that the press was mean to him? No one on the left wanted him to do that. And yet he did it. Did Trump use his one an only magic spell to do that...and now he's out of magic?

FFS, sixfoot.....what would you have said if DocB told you that the "reason" Obama can't get things done is that "FoxNation is mean to him 24/7"?

Posted: **Sun Jun 07, 2020 5:48 pm**

FROM NYT:

How a Tax Benefit for Developers Could Backfire in the Pandemic
As the coronavirus crisis pushes down real estate values and deals fall apart, investors stand to lose millions, and may even get hit with extra penalties.
By Paul Sullivan
June 5, 2020
Something remarkable is percolating in the commercial real estate market: Investors may end up losing millions in tax savings on gains from the sale of their properties because of the coronavirus pandemic.
Like-kind real estate exchanges, also known as 1031 exchanges (after the provision in the Internal Revenue Code), allow investors to sell a commercial property and pay no tax on the gains as long as the money from that sale is reinvested in other real estate. It could be a similar building, land or even air rights.
The provision was preserved in the overhaul of the tax code that was signed in 2017 by President Trump, who made his wealth in real estate development, while investments in other areas, like art and classic cars, were stripped of their special tax status.
To reap the benefit, real estate investors need to identify a replacement property 45 days after the sale of the original property and close on the purchase within 180 days. If the criteria are met, the investors can defer taxes on the gains from the sale of the property. The deferral can extend until the investor’s death, at which point the capital gains tax is wiped out.
If the criteria are not met, the investors face not only an enormous tax bill for the gains but additional taxes for deductions taken while they owned the building. That can amount to millions of dollars for some properties.
As lockdowns complicated closing deals, the real estate industry lobbied the Treasury Department to get extensions on those dates, and it obliged in early April. The department said that if either the 45- or 180-day deadline fell between April 1 and July 14, it would be moved to July 15 — the new deadline, too, for filing income and other federal taxes for 2019 and the first half of 2020.
But the guidance lacked clarity on some key issues underlying disaster relief for like-kind exchanges, and the extension could do more harm than good to certain sectors of the commercial real estate market, like retailing and entertainment, that are already under economic pressure.
The extension of the deadlines for like-kind exchanges has resulted in sales being postponed or canceled, purchase prices being reassessed and money from a sale staying out of reach of the property investor who might need it.
“Usually, you think tax extensions are a favor to taxpayers,” said Kate Kraus, a partner at the law firm Allen Matkins in Los Angeles. This one “is all murky,” she said, adding: “The government seems not to have thought about the consequences of this.”
The extension started like many others, with an interest group writing a letter asking for relief. In this case, the Real Estate Roundtable wrote to Steven Mnuchin, the Treasury secretary, who granted the request.
“It seemed like a good-government, reasonable thing to do,” said Ryan McCormick, senior vice president and counsel at the group.
Investors had already started the process of the exchange, he said, but it became difficult to travel because of pandemic lockdowns, and they were unable to do due diligence like an appraisal. “Taxpayers were seeking some additional time to work through that,” he said.
But once the relief was granted, deals that were part of 1031 exchanges began to fall apart.
Jatin Desai, chief financial officer and chief investment officer of Peachtree Hotel Group in Atlanta and a member of Tiger 21, a group of ultra-high-net-worth investors, said he had been approached before the pandemic to sell one of the company’s hotels in South Florida. The two sides reached a deal, which was set to close before the July 15 deadline.
“When we found out it was a 1031 buyer, we thought they’d close quickly,” he said. “But when the deadline was pushed out, the buyers said they were going to push out the closing.”
The deal had a 90 percent chance of closing before, he said, but he gave it a 10 percent chance now.
Nationally, smaller real estate exchanges — worth less than $3 million — have come to a halt, and larger ones are being delayed, said Alex Madden, vice president of Kay Properties and Investments, an online marketplace for 1031 exchanges.
He said the number of properties for sale nationally was down by 75 percent since mid-March. The ones that remain attractive are properties that he called “coronavirus resistant,” like drugstores and distribution facilities that serve companies like Amazon or FedEx.
Investors taking advantage of exchanges are expected to treat July 15 as their date to identify or close on a property. But if that date holds, it could create artificially inflated prices for those few “coronavirus resistant” properties.
Jay D. Stein, president of the Scottsdale, Ariz., office of Sandor Development, which invests in strip malls and free-standing drugstores, had a group of buyers signed up for four of his CVS stores that pulled out when the extension was passed. But he is optimistic that the new deadline and the continued uncertainty around commercial real estate could benefit him.
“It’s very possible you can see the best product get into bidding wars, in early to mid-July,” Mr. Stein said. “Everyone is chasing the same stuff — high-credit quality properties with good cash flow.”
Investors face other challenges in completing these deals, including financing. Buyers who need a mortgage could struggle to get bank financing because of falling property values or pay more for loans from private lenders. Mr. Stein said he had sold his CVS stores with the debt in place to save the buyer from having to obtain debt financing.

“This replacement property now has tenants who are no longer paying rent — WeWork-type tenants, restaurants, tenants who may be going out of business,” Ms. Kraus said. “It’s a mess that you can’t clean up quickly.”
Because some properties no longer make economic sense to buy, she has advised her clients to invoke a separate clause that lets parties in an exchange get a 120-day extension if a disaster occurs during the process.
“They have nothing to lose,” she said. “How much worse can it get?”
Hanging over all of these exchanges are incredibly high taxes if they are not completed. An investor who did not find a replacement property would be have to pay a federal capital gains tax of 15 percent to 20 percent, said Mr. Madden of Kay Properties. For example, an investor could lose a $6 million benefit on the capital gains tax of the sale of a building that nets $30 million.
But the investor would also be subject to the Medicare surtax of 3.8 percent, state capital gains taxes of up to 13.3 percent and a depreciation recapture tax of 25 percent for depreciating the value of the building for annual income tax payments, he said.
The benefit — or downside — is often greater with like-kind exchanges than without. The investor can continue flipping the investment tax free until death, when the entire portfolio will be valued at that point. This so-called step-up in basis wipes out decades of embedded capital gains taxes that were never paid. The arrangement benefits the heirs, although the estate taxes could still be owed.
Paying tax is a regular occurrence for investors in most other public and private markets, from stocks and bonds to hedge fund gains, but it’s a rarity in an industry that benefits from generous tax abatements, deductions, deferrals and reductions.
This time around, however, paying the capital gains tax now may be the better option because falling property values may erase any tax advantage from the exchange.
“Since the market did switch, we’ve seen a few 1031 buyers say, ‘I’m just going to pay the tax,’” Mr. Stein said. “These were buyers who never would have paid tax. I have one friend who said he’s scared that he doesn’t have enough cash.”
Paul Sullivan is the Wealth Matters columnist. He is also the author of The Thin Green Line: The Money Secrets of the Super Wealthy and Clutch: Why Some People Excel Under Pressure and Others Don’t. @sullivanpaul
A version of this article appears in print on June 6, 2020, Section B, Page 7 of the New York edition with the headline: How a Real Estate Tax Benefit Could Backfire. Order Reprints | Today’s Paper | Subscribe

Posted: **Mon Jun 08, 2020 7:36 am**

From today's NYT - some things never change

"U.S. hospitals received billions in bailout grants as C.E.O.s got millions.

As some of the wealthiest health care companies in the United States received billions of dollars in taxpayer funds to help them cope with lost revenue from the pandemic, they laid off or cut the pay of tens of thousands of doctors, nurses and lower-paid workers, while continuing to pay their top executives millions.

The New York Times analyzed tax and securities filings by 60 of the country’s largest hospital chains, which have received a total of more than $15 billion in emergency funds through the economic stimulus package in the federal CARES Act.

The hospitals — including publicly traded juggernauts like HCA and Tenet Healthcare, elite nonprofits like the Mayo Clinic, and regional chains with thousands of beds and billions in cash — are collectively sitting on tens of billions of dollars of cash reserves that are supposed to help them weather an unanticipated storm. They awarded their five highest-paid officials about $874 million in the most recent year for which they have disclosed their finances.

At least 36 of those hospital chains have laid off, furloughed or reduced the pay of employees as they try to save money during the pandemic.

More than a dozen workers at the wealthy hospitals said in interviews that their employers had put the heaviest financial burdens on front-line staff, including low-paid cafeteria workers, janitors and nursing assistants. They said pay cuts and furloughs made it even harder for members of the medical staff to do their jobs, forcing them to treat more patients in less time.

The bailout money, which hospitals received from the Health and Human Services Department without having to apply for it, came with few strings attached.

Katherine McKeogh, a department spokeswoman, said it “encourages providers to use these funds to maintain delivery capacity by paying and protecting doctors, nurses and other health care workers.” The legislation restricts hospitals’ ability to use the bailout funds to pay top executives, although it doesn’t stop recipients from continuing to award large bonuses."

Posted: **Mon Jun 08, 2020 9:26 am**

American Farmers, proudly putting Welfare Queens to shame.

https://onlinelibrary.wiley.com/doi/10.1002/aepp.13045

"Our country is taking in billions and billions of dollars from China…and out of that many billions of dollars we are taking a part of it and we are giving it to the farmers because they have been targeted by China. The farmers, they come out totally whole.” – President Donald Trump, August 2, 2019

r's love socialism and all of the free hand out.

Money for Nothing, Trump 2020!

https://www.nytimes.com/2020/06/07/us/p ... rmers.html

WASHINGTON — Cotton farmers were paid 33 times as much in federal subsidies in 2019 as the income they actually lost to trade disruptions, one study showed.

Farmers in Georgia, the home state of Agriculture Secretary Sonny Perdue, were paid more in federal aid per acre than anywhere else in the nation, another found.

Some farms collected millions of dollars in payments despite a limit of $250,000 per farmer.

The Trump administration’s $28 billion effort in 2018 and 2019 to compensate farmers for losses from its trade wars has been criticized as excessive, devised on the fly and tilted toward states politically important to Republicans. Now the administration is starting to send farmers tens of billions more to offset losses from the coronavirus pandemic, raising questions about how the money will be allocated and whether there is sufficient oversight to guard against partisan abuse of the program.

Posted: **Mon Jun 08, 2020 10:28 am**

Ho hum, Dow now at 27,300. Up another 250 today at this hour.

I have it on good authority that this is all about a national credit card being used to prop up the market. No one is adding value to any publicly traded company. This must be so because very smart financial whizzes have been saying so since the market hit 18,500, which was about 67% ago!

(the reason I keep posting periodic updates about the market is not because I have nothing better to stare at, but because the market's rise inflames liberals to no end since it blasts holes in their TDS narrative; heck it might even go down some, who knows, maybe they'll be happy in the end; meanwhile I will stick with my friend's suggestion that the market is sure to hit 30,000 before it hits 15,000)

Anyway, have a great day!

https://www.cnbc.com/2020/06/07/stock-m ... -news.html

Posted: **Mon Jun 08, 2020 10:40 am**

Peter Brown wrote: ↑Mon Jun 08, 2020 10:28 am Ho hum, Dow now at 27,300. Up another 250 today at this hour.

I have it on good authority that this is all about a national credit card being used to prop up the market. No one is adding value to any publicly traded company. This must be so because very smart financial whizzes have been saying so since the market hit 18,500, which was about 67% ago!

(the reason I keep posting periodic updates about the market is not because I have nothing better to stare at, but because the market's rise inflames liberals to no end since it blasts holes in their TDS narrative; heck it might even go down some, who knows, maybe they'll be happy in the end; meanwhile I will stick with my friend's suggestion that the market is sure to hit 30,000 before it hits 15,000)

Anyway, have a great day!

https://www.cnbc.com/2020/06/07/stock-m ... -news.html

What PB does not seem to understand is it does not blast any holes in our narratives, because much of what PB compares to is a straw man (some nonstandard wild Left that non of us are part of.

You make money essentially free (zero interest) and of course the big companies are on average going to hold value. There is a ton of liquidity. And that may even help to keep some of the jobs going that in its absence would go away. But it does little/nothing for the waiter/waitresses/cooks who have lost their restaurant jobs, or the small independent stores who cannot stay open. And the bounce in jobs (small compared to the actual losses prior) is exactly what the CBO expected - and if we do nothing more they also are now predicting a long, slow slog to recover the nations GDP to about 2030:

https://www.vox.com/2020/6/8/21281638/c ... t-recovery

Posted: **Mon Jun 08, 2020 12:34 pm**

a fan wrote: ↑Sun Jun 07, 2020 3:26 pm
runrussellrun wrote: ↑Sun Jun 07, 2020 3:10 pm Whose job IS it ....rooting out corruption?
On the Federal level? The FBI. Any other questions?

OK, so if tRump directed the fbi to investigate crackhead Biden, you'd be cool with it?

Posted: **Mon Jun 08, 2020 12:39 pm**

Peter Brown wrote: ↑Mon Jun 08, 2020 10:28 am Ho hum, Dow now at 27,300. Up another 250 today at this hour.

I have it on good authority that this is all about a national credit card being used to prop up the market. No one is adding value to any publicly traded company. This must be so because very smart financial whizzes have been saying so since the market hit 18,500, which was about 67% ago!

(the reason I keep posting periodic updates about the market is not because I have nothing better to stare at, but because the market's rise inflames liberals to no end since it blasts holes in their TDS narrative; heck it might even go down some, who knows, maybe they'll be happy in the end; meanwhile I will stick with my friend's suggestion that the market is sure to hit 30,000 before it hits 15,000)

Anyway, have a great day!

https://www.cnbc.com/2020/06/07/stock-m ... -news.html

Grate......so all the folks you pretend to not stand, Bill Gates, jeff bezos, etc. are getting richer and richer. The google folks too.

Posted: **Mon Jun 08, 2020 12:51 pm**

runrussellrun wrote: ↑Mon Jun 08, 2020 12:34 pm
a fan wrote: ↑Sun Jun 07, 2020 3:26 pm
runrussellrun wrote: ↑Sun Jun 07, 2020 3:10 pm Whose job IS it ....rooting out corruption?
On the Federal level? The FBI. Any other questions?
OK, so if tRump directed the fbi to investigate crackhead Biden, you'd be cool with it?

No, I wouldn't.

The FBI has to start these investigations on their own, with zero prompting or hinting from the President or his people.

And the fact that the FBI director is hired and fired by the President exposes a problem that was SUPPOSED to be fixed after Nixon.

They cannot fairly investigate corruption in the Executive Branch. We need to move the FBI to the Judicial Branch. Have the Director report to a panel of Federal Judges. This would solve SO many problems.

LaxPower Back-Up Stick

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Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition

Re: The Nation's Financial Condition