Obamney 2012 - Barack Obama And Mitt Romney Are Essentially The Same Candidate
- 11-08-2012, 09:33 AM
I also have a friend who works for Verizon Wireless corporate, he saw an opportunity where wireless companies could presumably outsource the testing of third-party devices/wireless attachments, so he created a company that does just that. Within a year, he now has contracts with all the major carriers. It went from three guys with an idea, to now 15 guys and he's only 29. He took advantage of the existing market and made it work for him. Those are things that help to boost the economy and create jobs, market opportunities.
- 11-08-2012, 09:41 AM
SP, im all for education but how do we pay for this stuff this day in age?This message was paid for by the Russians
11-08-2012, 09:44 AM
Yes, cuts have to be done over a length of time, but we don't have a lot of time to do them in since the kick the can game has gone on so long. We already have more foreign owed debt per person than any other country on the globe. we have to reach balanced budget somewhere in the next 4-8 years to not see a greece-like reaction begin to happen. We'll see credit downgrades as our debt goes higher, which will raise the interest we pay. As of the end of bush's 2nd term with debt at 11-12 trillion, interest was on the order of 220 billion, near 10% of what got take in in taxes. The department of defense only gets 672.9 billion. All the other government programs combined not counting social security, defense, medicare/medicaid and interest come to just over a trillion. If we see our national debt double from that 12 trillion, and our interest rate goes up, we'll easily see interest eclipsing the cost of defense. Reality states that the deficit and debt truly is a national security concern, and far more important in the national interest (and "common good" as is used for the excuse of many non-constitutional programs) than many of the other things we spend money on.
As I'm not a republican I don't believe we can't raise rates however I believe they need to be raised across the board. The amount of the total us tax burden the upper end pays is the highest percentage its been since before Reagan, and the percentage that the bottom 50% pay is the lowest its been since before then too. The idea that also somehow with social security heading towards bankruptcy that maintaing the 2% lowered contribution is a good idea is also bat**** crazy.
11-08-2012, 09:48 AM
As for Frank/Dodd, that just gave more power to the Fed... I have more on that, but have a meeting!
The Historic PES Legend
11-08-2012, 09:50 AM
11-08-2012, 09:51 AM
11-08-2012, 09:58 AM
You can say I laud my education, however, I prefer to say I advocate education. You live in your tiny little bubble out there in the southeast and somehow think that applies to the rest of the country, sadly, this makes you think you're informed. Comedy. What's funny is because this part of the forum is one massive conservative/libertarian circle jerk no one questions you when toss out insults, presumably because they share the same ideology as you. But since we're trading insults, you should stick to reviewing fatburners, since that is clearly where you've peaked.
11-08-2012, 10:00 AM
11-08-2012, 10:01 AM
But southpaw, lets say everybody goes to school and gets a degree, then what? We will have a bunch of college graduates washing dishes at a diner. Fact is why invest in higher education when right now we can't even hire them all?
This message was paid for by the Russians
11-08-2012, 10:03 AM
11-08-2012, 10:08 AM
11-08-2012, 10:11 AM
its the series of unintended consequences of people who don't truly understand a system manipulating it. The same was true with the law about not charging bounce fees on debit transactions that are allowed to go through taking an account negative unless the person opted in to that. There are many things that the politicians (both sides) do with good intentions that in the end don't particularly accomplish their goal and actually create new problems without particularly solving their initial goal.
Part of the concept of Dodd/Frank was to help protect consumers, and lower banking costs for consumers. But as you noted, it added significant cost to FIs in terms of a lot of the compliance to the point where your company founded a profitable growing subsidiary on it. Did they not think that the added costs to the FIs would be just passed along to consumers? Its hard to imagine a bill that increases the costs of doing business to lower the cost to the consumer, but government officials seem to believe that magic is possible. It was evident with Clinton's HIPPA act as well. Part of its goal was to lower health care costs, while saddling health care providers and insurers with a huge mass of new cost complying with all the regulations. It never works to lower costs, only manages to raise them, while creating new federal level departments to oversee it.
11-08-2012, 10:15 AM
11-08-2012, 10:18 AM
11-08-2012, 10:18 AM
It becomes a matter of quantity decreases the value of the degree.
Its already a big problem in the USA degrees aren't meaningful as much as they used to be, too many cant find jobs or work where they are overqualified.
This message was paid for by the Russians
11-08-2012, 10:26 AM
11-08-2012, 10:29 AM
These consumer protections have ensured the viability of client accounts. Prior to Dodd/Frank, examine the number of complaints received by the SEC from investors versus what they are today. They are substantially lower than they were prior to oversight. As for healthcare, years ago, I was denied coverage based on a pre-existing condition. You know what the pre-existing condition was? High cholesterol. Since my body naturally produces higher amounts of cholesterol (rolled snake eyes on genetics), it meant that when shopping around for insurance policies, it would cost me as much as a small mortgage payment, because cholesterol is viewed as high risk for other health issues. That is unrealistic, in one of the ONLY industries that has experienced growth despite an economic downturn, do I feel sorry for insurance companies now having to absorb higher costs? Hell no. My premiums are lower today, than they've ever been....EVER BEEN. When an insurance company now has to worry to about competing with lower cost alternative plan subsidized by the government or not, we all win. They can either keep their premiums high, or forced to lower them by competing for business, and that is a good thing for consumers.
11-08-2012, 10:46 AM
11-08-2012, 10:51 AM
11-08-2012, 10:54 AM
So this carbon tax malarchy. This impacts all O&G companies?
I am fecked either way. My consulting is all around utilities!
11-08-2012, 11:03 AM
The same program would/should work for that woman you know, if the degree she was getting was something in the valuable category
11-08-2012, 11:08 AM
11-08-2012, 11:22 AM
11-08-2012, 11:33 AM
11-08-2012, 11:35 AM
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