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General Discussion · POLITICS GOES HERE
msg #105195
2/29/2012 10:06:15 PM


Obama the "Socialist" Saved Capitalism by Giving Welfare to Wall Street and Red States

Wall Street must be effusively thankful for what the Tea Party, the Right Wing and FOX News claim: Obama is a "socialist."

After all, that must be the reason that the stock market climbed to the highest level in five years on February 28, according to ABC News:

The Dow Jones industrial average closed above 13,000 for the first time since 2008, capping a remarkable run-up in stocks that has coincided with a revival of consumer confidence to levels not seen since well before the economic downturn began.

It takes a "socialist," apparently, to create a financial environment in which the stock market has been soaring.

And then there's the "socialist" influence that has propelled economic growth since the "free market" collapse of the economy under George W. Bush. According to CNN, the "gross domestic product, the broadest measure of the nation's economy, grew at a 3% annual rate in the fourth quarter of 2011."

"We are seeing what historically would be considered a healthy growth rate for the country," said Brian Hamilton, CEO of Sageworks, a financial information company. "Last quarter compares very favorably to the GDP growth rate over the past few years and indicates the country continues to recover from the recession."

Remember that it was Obama who went along and did the second TARP installment of providing government welfare to Wall Street to keep capitalism from collapsing. It has been under Obama that no Wall Street honchos have been prosecuted for playing fast and loose with financial transactions that nearly brought the US to its economic knees. Under this White House, major banks also got off without any prosecution for illegal foreclosure transactions.

If that is what a "socialist" does to the economy, Lord help Wall Street if a "capitalist" is elected.

Furthermore, as has been pointed out in the past - most recently in Alternet, it is the political Blue states who, in general, provide tax dollars to support the Red states. Take a red state like Mississippi, which sucks up $2.73 in federal support for every dollar its residents pay in national taxes. Compare that to Illinois, which lose 8 cents on the dollar and only gets 92 cents back from DC. Gov. Jan Brewer's Arizona gets net revenue of 60 extra cents back from federal taxes, while Minnesota loses 36 cents on tax dollars paid into the IRS.

In short - and in general - one can argue that the "reddest" states that have politicians and Tea Party advocates proclaiming that they are living under "socialist" leadership are most often the ones benefiting from a redistribution of blue state income tax dollars subsidizing red states. So why don't the red states return that money to the "socialist" government in DC?

Furthermore, states with two Republican "free market" senators get the highest average rate of redistributed tax dollars at $1.49 cents, according to Talking Points Memo.

You would think that the right wingers shouting that Obama is a relic of the Soviet Union should be thanking him for saving capitalism, providing a climate for large corporations to soar in profits, giving bailout money to the banks, and providing red states with redistributed income tax funds to survive.

If this is "socialism," Romney, Santorum, Gingrich, Pallin, and Bachmann should be praying on their knees for more of it, along with the Tea Party Medicare crowd who oppose "socialized" medicine.

General Discussion · POLITICS GOES HERE
msg #104982
2/15/2012 12:16:20 AM

Republicanism in the United States

Republicanism is the political values system that has been a major part of American civic thought since the American Revolution. It stresses liberty and inalienable rights as central values, makes the people as a whole sovereign, supports activist government to promote the common good, rejects inherited political power, expects citizens to be independent in their performance of civic duties, and vilifies corruption. American republicanism was founded and first practiced by the Founding Fathers in the 18th century. This system was based on early Roman, Renaissance and English models and ideas. It formed the basis for the American Revolution and the consequential Declaration of Independence (1776) and the Constitution (1787), as well as the Gettysburg Address.

Republicanism is not the same as democracy, for republicanism asserts that people have unalienable rights that cannot be voted away by a majority of voters. Alexis de Tocqueville warned about the "tyranny of the majority" in a democracy, and advocates of the rights of minorities have warned that the courts needed to protect those rights by reversing efforts by voters to terminate the rights of an unpopular minority.

The term "Republicanism" is derived from the term "republic", but the two words have different meanings, and people sometimes confuse them. A "republic" is a form of government (one without a hereditary ruling class) while "republicanism" is a political ideology that can appear in republics or monarchies.

Two major parties were explicitly named after the idea—the Republican party of Thomas Jefferson (founded in 1793, and often called the "Democratic-Republican Party" by political scientists), and the current Republican party (founded in 1854).

General Discussion · POLITICS GOES HERE
msg #104981
2/14/2012 8:33:16 PM

A New Declaration of Independence: 10 Ideas for Taking America Back from the 1%

The weight of the 1 Percent has become intolerable. How can we take our country back? Here's a fresh draft.

October 31, 2011

1. Debt relief

Total household debt in America is $13.3 trillion — 114 percent of after-tax income. That millions of working Americans owe every penny they make to hugely profitable financial institutions is absurd and grotesque.

We demand immediate relief for the 99 Percent, particularly the poor and young students and college graduates. The Debt Jubilee is an ancient idea, and an attractive one in an era of growing economic feudalism, as the poor increasingly devote all their labor to repaying the rich. It is not in the national interest to force the impoverished to become wage slaves to pay off insurmountable debts owned to payday lenders and hugely profitable bankers.

Every other rich nation on earth heavily subsidizes higher education. We force mere kids to mortgage their futures, then ensure that the debt follows them the rest of their lives, regardless of their living circumstances. Student loan debt hurts not just the graduate but everyone else in society, too: The cost of healthcare would surely decrease, and the availability of primary care for disadvantaged populations increase, if new doctors were not regularly graduating school $200,000 in the red.

And real and widespread relief for homeowners in crisis is urgent. Even millions of homeowners who “did everything right” find themselves underwater, or illegally foreclosed upon by banks running roughshod over the rights of homeowners by robo-signing fraudulent foreclosure documents by the thousands. Banks servicing mortgages are (rightfully) more worried about getting sued by the owners of securities made up of Americans’ debt than they are about getting in any sort of trouble for bullying or illegally seizing the homes of regular people. Everyone should get a shot at a renegotiation of their mortgage, at fair rates, and with support from the government.

2. A substantial jobs program

Most American cities are filled with beautiful old buildings and monuments and parks dating back to the recovery programs of the New Deal, as well as increasingly decrepit bridges and roads and structures that have been neglected by the last couple of decades of shrinking infrastructure investment. A real, direct jobs program, done in the WPA style, would rebuild our cities and towns in addition to putting thousands of people back to work.

3. A healthcare public option

Medicare is probably the single most popular government program in the country, which is no surprise, because government-subsidized healthcare tends to be the most popular government program in every nation that has implemented it.

If a true single-payer system would be too disruptive, we can put the building blocks in place by giving people a public option. Expanding the pool of Medicare recipients to include healthy younger people paying into it would instantly improve the program’s fiscal outlook. Nationalizing the underfunded Medicaid system would instantly reduce the deplorable inequity of our healthcare system, too. If this new Medicare could negotiate drug prices — like the Veterans Administration, our wonderful, totally socialized healthcare program for one group of Americans — it would save even more. (Hey, why not combine the proposal with debt relief for young doctors?)

4. Reregulate Wall Street

Taking the “unsophisticated” broad view, it seems painfully obvious that Wall Street deregulation undid the stabilizing effects of 1930s-era Wall Street regulation. We’re on a boom-and-bust cycle, and a shrinking number of growing megabanks now regularly threaten the entire world economy. It’s hard to imagine that we wouldn’t be better off with a worldwide network of small, independent credit unions than massive financial institutions daily innovating new and more arcane methods of shifting vast sums of imaginary capital around, but in lieu of smashing the banks with brickbats why not just reinstate the rules that effectively limited their behavior for 40 years or so? Bring back Glass-Steagall. Pass the Volcker rule, too. Ban banks from trading derivatives. Limit their behavior and tax their earnings.

5. End the Global War on Terror and rein in the defense budget

Brown University estimates that our wars in Afghanistan, Iraq and Pakistan have cost 236,000 lives and $4 trillion. Millions more people are displaced refugees. If 10 years of war have weakened al-Qaida, we should draw down. If it hasn’t, we should seriously rethink our tactics. Regardless, there’s no way the world’s sole remaining superpower can justify spending more than every other country on Earth combined on its military. There’s no coherent reason why the Pentagon’s budget should be rising inexorably every year, while the rest of the country grows shabbier and poorer. Spending more on defense now than we did at the height of the Cold War is insane.

The billions spent yearly to rain death on faceless strangers thousands of miles away should be the first program on the chopping block if we’re serious about tackling the deficit. That money could better be put to use both here at home and abroad. USAID and the State Department could surely do more to defeat those Who Hate Us For Our Freedom with that money than the Defense Department has so far managed to.

6. Repeal the Patriot Act

Speaking of expensive wastes of resources that are also in direct violation of the nation’s founding principles, let’s dismantle the expansive domestic surveillance state, hurriedly established at a panicky period of national crisis and then enshrined as permanent without a word of serious debate.

The extra-constitutional “delayed-notice search warrants” given to law enforcement by the Patriot Act have been used far more for fighting the war on drugs than the war on terror, which is to be expected from a law that was essentially a massive laundry list of tools and privileges that prosecutors and FBI agents had wanted for years that had thus far been denied to them by pesky constitutional checks on their powers. The government even has its own secret legal readings of the act, allowing it to do secret things we can know nothing about.

The government now has vast powers to track and spy on us for whatever reasons it chooses, and both parties are mostly fine with that. When the NSA was found to be engaging in illegal domestic wiretapping and data mining, Congress responded by granting them more domestic wiretapping and data mining powers. As we’ve moved further from those panicky days that birthed the Patriot Act, the law and its associated unaccountable domestic surveillance state have, perversely, become more normalized. Those in favor of limited government should be the most alarmed at this.

7. Tackle climate change

We may be rapidly approaching the catastrophic point of no return when it comes to preventing major, devastating climate change. To keep warming below “dangerous levels,” one recent study says, we’d need to “reverse the rise in emissions immediately and follow through with steep reductions through the century.” Immediately — like now.

Frustratingly, even half-measures have found no support in Congress, where the industries doing the polluting have far more clout than mere scientists or human beings who’ll be alive in a future period of mass extinctions, hunger, flooding and drought. At the very least — and this is literally the very least the government should be doing right now to combat climate change — a price should be put on carbon emissions, either in the form of a direct tax or as part of a cap-and-trade scheme. This is a policy so self-evidently beneficial to the vast majority of mankind — it taxes a bad thing, so that corporations do less of the bad thing, while also giving the government revenue to spend on good things — that cap-and-trade’s defeat in Congress says just about all there is to say about the corrupting power of industry money on the government process.

8. Stop locking everyone up for everything and end the drug war

The American incarceration rate dwarfs that of our closest competitor, Russia, at 743 per 100,000 residents. A full quarter of the world’s prison inmates are American prison inmates. One in 100 American adults arebehind bars. These staggering numbers have been repeated over and over again for years by activists, reporters, academics and even the very rarecourageous politician, but the prison system just keeps growing, and growing, and growing.

The problem is that there is no political will to do anything about it. In fact, locking people up tends to be a popular campaign platform. In some locales, felons are both denied voting rights and also counted as residents of their prisons for the purposes of congressional apportionment, causing a perverse incentive to lock up more inmates. Tens of thousands of inmates are in long-term solitary confinement, which is essentially torture by another name.

As violent crime rates have fallen, the prison population has continued to grow, because of longer terms and mandatory sentencing and denial of parole. The U.S. holds its prisoners longer than any other nation in the world, and because rehabilitation comes a distant second to punishment in our prisons, recidivism is common. (It doesn’t help that, across the nation, ex-felons can’t qualify for welfare or subsidized housing or find work.) We’re actively creating a massive, mostly black and Hispanic underclass of permanent prisoners and future prisoners. America desperately needs more juvenile diversion programs and well-funded rehabilitation and education programs for those currently in the system.

A major contributor to our mass incarceration state is the “War on Drugs,” which after years of waging we’ve yet to win.

Full legalization of marijuana would lead to many fewer people being jailed for victimless crimes and immediately destroy a critical income stream for gangs and increasingly violent drug cartels. Legalizing marijuana would also give states and cities a desperately needed infusion of tax revenue. (Legalization or decriminalization of other drugs would be similarly beneficial, but a good deal more controversial.) Those who commit nonviolent drug offenses should never be sent to prisons for years. Those currently in prison for nonviolent drug offenses should be freed and rehabilitated into society.

9. Full equality for the queer community

Gay marriage is a no-brainer — rights granted to a majority are being denied to a minority based on arguments founded solely on bigotry — and should be recognized nationwide.

Let’s not forget, too, that gay, lesbian, bisexual and transgendered Americans are denied other rights, including, in most states, protection from workplace discrimination and housing discrimination. I suspect lots of Americans don’t even know the LGBT community lacks those basic protections, and that is itself an outrage.

10. Fix the tax system

There are a million ways the tax code could be made fairer, simpler and more progressive, and most of those ways are opposed by powerful entrenched interests. But it is an inescapable fact that for most of the 20th century, federal income tax rates were very high on the wealthy — very, very high, in fact — and most of that period also happened to be a time of widespread prosperity for rich and middle-class Americans alike. The experiment in slashing taxes on the rich seems to have failed everyone but the rich.

The system as it currently stands forces states to fund essential services with the most regressive taxes possible, mainly sales taxes, in order not to scare businesses elsewhere. The current system allows hugely profitable transnational corporations to get away without paying anything, to make killings “overseas” while operating at imaginary losses domestically. Warren Buffett, as we all know, is paying less than his secretary.

So let’s create a millionaire’s tax bracket, and a financial transactions tax. Let’s close the carried interest tax loophole and raise the estate tax and taxes on capital gains. Let’s get the highest marginal tax rate back up to, at the least, Reagan-era levels. Let’s stop all being held hostage, as a nation, to the fanatical anti-tax doctrine of the 1 Percent.

General Discussion · POLITICS GOES HERE
msg #104899
2/10/2012 12:50:51 AM

Dear TRO,

As a long time subscriber to StockFetcher I'm offended, disgusted, and repulsed by your constant right wing propaganda. I consider your rhetoric to be evil. The dictionary defines evil as “the violation of, or intent to violate, some moral code”. The moral code in this case is the Preamble to the US Constitution.

We the People of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessing of liberty to ourselves and our posterity, do ordain and establish the Constitution of the United States of America.

My simple filter of evil is the old saying "The good of the many outweighs the good of the few". When the good of the few outweighs the good of the many its evil!

The few seem intent on destroying the rights of the many: civil rights, voting rights, women's rights,
gay rights, freedom of speech, peaceful assembly, habeas corpus, etc, etc, etc.

Yes, its Class Warfare. The rich against the masses. And of course the rich have almost all the weapons. They own and control the corporations. They bribe our elected officials to pass laws benefiting themselves at the expense of the masses. They won't be happy until they've eliminated all rights and turned the masses into pliable workers willing to settle for anything to survive.

You seem to idolize the few and hate the many. I find that attitude repugnant. It certainly doesn't belong in a stock forum.

A disgusted subscriber.

Backtesting Support · entry/exit price
msg #39615
12/17/2005 2:32:36 PM

I can't get the advanced entry price to work. Has this feature been updated? I've tried close 1 day ago + .25, close 1 day ago plus .25, close 1 day ago plus $.25, close + .25, etc, etc and none work. The same stocks are always selected at the same price. I have checked the "Do not enter if target price is not met on following date." box. How can I get the stocks selected to be only those $.25 above the previous day's close? Or above previous day's high? Or below previous day's low? Thanks

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