Political Forums  

Go Back   Political Forums > Off-topic

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #1  
Old 07-24-2010, 12:33 PM
sanse sanse is offline
Member
 
Join Date: May 2010
Posts: 31
The government and tobacco

Been trying to figure out why the government has been trying to ban the e-cigarettes, or at least tax. This article is quite interesting. Decide for yourself.

http://redtape.msnbc.com/2008/11/ten-years-later.html
Reply With Quote
  #2  
Old 07-24-2010, 01:39 PM
merrylander's Avatar
merrylander merrylander is offline
Resident octogenarian
 
Join Date: May 2009
Location: Maryland
Posts: 20,860
Securitization again, are people here totally insane?
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
Reply With Quote
  #3  
Old 07-24-2010, 02:04 PM
Boreas's Avatar
Boreas Boreas is offline
Senior Member
 
Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
Quote:
Originally Posted by merrylander View Post
Securitization again, are people here totally insane?
I was thinking the same thing. Speculators damn near did this country in 1893. Looks like they're set for another go.

John
Reply With Quote
  #4  
Old 07-24-2010, 02:18 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
In a nutshell, it seems we're more addicted to deficit spending than we are to tobacco. Leave it to Wall St. to figure a way to capitalize on anyone's cash flow.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #5  
Old 07-24-2010, 02:23 PM
d-ray657's Avatar
d-ray657 d-ray657 is offline
Loyal Opposition
 
Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
Quote:
Originally Posted by finnbow View Post
In a nutshell, it seems we're more addicted to deficit spending than we are to tobacco. Leave it to Wall St. to figure a way to capitalize on anyone's cash flow.
We need capital punishment for the thieves that run Wall Street. That's right, relieve them of all of their capital.

Regards,

D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
Reply With Quote
  #6  
Old 07-24-2010, 02:56 PM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
Area Man
 
Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
Geez.............
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Reply With Quote
  #7  
Old 07-24-2010, 07:20 PM
Charles Charles is offline
Senior Member
 
Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by finnbow View Post
In a nutshell, it seems we're more addicted to deficit spending than we are to tobacco. Leave it to Wall St. to figure a way to capitalize on anyone's cash flow.
I'll agree with the first part of your statement, but I'm not so sure about the second part. No doubt Wall Street makes a dandy whipping boy, but the politicians handed them the keys to the kingdom.

From what I'm reading, securitization was created by HUD in the 70's after they were privatized (somewhat) by the Fed Gov in an effort to free up more money for Vietnam, along with the Great Society programs.

I suppose we can pin this one on Milhous and his administration, along with abolishing Bretton Woods and opening up China.

And it worked pretty good for awhile. The US lived pretty high on the hog, which is pretty easy to do when you're living on borrowed money.

Now it''s possible my data is wrong, or I may be misinterpreting it. And it is definitely incomplete.

So I'll move to smoking.

It's amazing a program sold to us by the uplifters as a way to protect the poor nicotine addicts from "Big Tobacco" not only screwed them big time, but is now screwing everyone else as well.

Now you can blame it on Wall Street, but it was the politicians who accepted 30 cents on the dollar so they could buy more whiskey before liquor store closed.

And if think this screwing is bad, just substitute "Cap and Trade" for "Tobacco Settlement". It's all about money, our money.

What this country needs is a bunch of politicians who have the guts not only to fire the bankers, but to go back to their constituents and say "We're broke, and you get a hot dog for supper."

Bad thing is, we needed them at least 40 years ago.

Chas
Reply With Quote
  #8  
Old 07-24-2010, 07:40 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Actually, you're right with regard to my gratuitous Wall St. bashing. It's just so easy and fun, even if it is sometimes not fully justified.

With regard to the article's bemoaning that the states are only getting 30-40 cents on a dollar seems to show the author doesn't know a lot about compound interest. To wit, this passage puzzled me a bit.

Many states receive only 30 or 40 cents on the dollar. In a typical example, Wisconsin would have been entitled to about $5 billion in payments through 2025. Instead, it settled on one payment of $1.6 billion in 2001.

Did somebody expect Wall St. to lend Wisconsin $5 billion over 25 years with no interest?
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #9  
Old 07-24-2010, 08:21 PM
Charles Charles is offline
Senior Member
 
Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by finnbow View Post
Actually, you're right with regard to my gratuitous Wall St. bashing. It's just so easy and fun, even if it is sometimes not fully justified.

With regard to the article's bemoaning that the states are only getting 30-40 cents on a dollar seems to show the author doesn't know a lot about compound interest. To wit, this passage puzzled me a bit.

Many states receive only 30 or 40 cents on the dollar. In a typical example, Wisconsin would have been entitled to about $5 billion in payments through 2025. Instead, it settled on one payment of $1.6 billion in 2001.

Did somebody expect Wall St. to lend Wisconsin $5 billion over 25 years with no interest?
You're correct, much like H&R Block fronting people their tax refunds for a fee.

I would imagine that even Wall Street treats the government better than H&R does it's clients...for one, they're not dealing with a bunch of cretins.

And then you have to calculate in inflation and uncertainty.

Now the old man who used to own the local lumber yard always claimed that the 8th Wonder of the World was compound interest.

If he were alive today, he would probably call the 9th Wonder Keynesian Economics.

God, I hope they can figure out a way to keep the music playing...did I just say I'm in favor of Cap and Trade???

If so, it's the fukkin you get for the fukkin you got.

Chas

Last edited by Charles; 07-24-2010 at 08:24 PM. Reason: It was important!!!
Reply With Quote
  #10  
Old 07-24-2010, 08:28 PM
noonereal noonereal is offline
Abby Normal
 
Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by d-ray657 View Post
We need capital punishment for the thieves that run Wall Street. That's right, relieve them of all of their capital.
Wall street does not do business they do schemes.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:45 PM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.