New Jersey's Tea Parties Will Be Successful. (taxi, tax)

[JG183]

http://www.marketwatch.com/news/story/buffett-says-taxpayers-arent-paying/story.aspx?guid={F177ABD2-CBD8-4DD2-A124-77DBCAD67A28}&dist=TNMostRead

[DowntownJerseyCity]

Originally Posted by JG183

http://www.marketwatch.com/news/story/buffett-says-taxpayers-arent-paying/story.aspx?guid={F177ABD2-CBD8-4DD2-A124-77DBCAD67A28}&dist=TNMostRead

Link doesn't work.

[JG183]

Originally Posted by DowntownJerseyCity

Link doesn't work.

here's the text:

Buffett: bailout costs to be paid through inflation

Berkshire chairman says taxpayers aren't paying more

by Alistair Barr, MarketWatch.com
Last update: 4:50 p.m. EDT, 2 May 2009

The cost of recent massive government bailouts will likely by paid for through inflation, Berkshire Hathaway Chairman Warren Buffett said Saturday. Buffett rejected the idea that U.S. taxpayers are paying more to fund bailouts of financial-services companies and the large economic stimulus package, noting that taxes in the U.S. haven't been raised for many years. China may end up carrying more of the bailout burden because inflation will undermine the value of the fixed payments the country gets from its large holdings of U.S. Treasury bonds, Buffett told shareholders during the company's annual meeting.

Ultimately, the bailouts will be paid for by a drop in the purchasing power of the U.S. dollar, he said. "That's the easiest way to pay for these things, so that will probably be what happens," Buffett added. In his latest shareholder letter, Buffett warned of a bubble in Treasury bonds that may end up rivaling the dot-com and real estate booms in the U.S.

The Federal Reserve has slashed interest rates to almost zero and embarked on an unprecedented effort to pump even more cheap money into the economy by buying mortgage-backed securities and even Treasury bonds, in a process known as quantitative easing. That, combined with massive government borrowing to pay for a huge economic stimulus in coming years, could undermine the U.S. dollar and trigger a wave of inflation. "These once-unthinkable dosages will almost certainly bring on unwelcome aftereffects," Buffett wrote in his recent letter to Berkshire shareholders. "One likely consequence is an onslaught of inflation."

On Saturday, Buffett said the ultimate protection again inflation is "your own earning power." Good teachers and other types of workers will get a share of the U.S. economic "pie" no matter where the U.S. dollar is trading, Buffett explained. The second-best protection against inflation is owning a stake in a "wonderful business" such as Coca-Cola, Buffett added.

Alistair Barr is a reporter for MarketWatch in San Francisco.

[ProudCapMarine]

Did anyone attend the Tea Party in Newton on April 15th?

I posted some pictures to a webpage.

[Ninjahedge]

You guys really know how to rant.

The whole thing is people are running around pointing fingers looking at who to blame rather than finding a solution.

And no, they tried doing nothing in the first "great" depression (If you want, I can look up the reference) when the stimulus then seemed to work. What happened? As soon as the money stopped, the recession came back full force.

The problem is not the generalities, but the specifics in the program. The whole tea-bag thing was a laughable farse of its original predecessors and those that organized it should really do a bit more historical research (like looking into the way the British treated others at the time) and the importance of the first Tea Party.

We have become such a whining bunch of meow-meows that any little thing that comes up that we do not feel we have control over is blown way uot of proportioned, grafted to several unrelated disputes to gain following, and then spread across the airwaves by groups like Fox News whose only true interest is ratings.

Certain projects ARE needed and WILL help us in the future. If you can give a man a JOB building a bridge to somewhere useful, it is a LOT better than giving him food after standing in a waiting line.

Now, that being said, I am also 100% behind the people saying our system is wasteful, inefficient, and biased. Our government has been at the beck and call of lobbying agents for so long now it is not funny.

We have little control over the specifics of anythnig anymore, and those that would asre too busy setting up tour dates for their re-election campaign in another 0-2 years.

And what do we, as american people do? We go out in a field with a bunch of teabags, dress up our kids a martyrs, and cry bloody murder.

You want to know the SAD thing? What would those people have been able to do if they spent their day barn-raising?

Well whatever. Humans are porked-up, that is for sure, but realization of that will not solve the problem.

What will? As someone asked "Why Afghanistan?". Simple, that is where the training camps are, that is the base for the trouble NUCLEAR Pakistan is facing, that is where the Taliban are, and THAT IS WHAT WE STARTED OUT TO FIX IN THE FIRST PLACE!

I don't approve of the war in general, but that was the place we had, and still have, World support. You think we could try and get the main things done right first.

Now, the spending. People keep crying out that either we are giving money out for free, or we are "buying" private enterprise and turning "socialist".

Neither. Unfortunately, we relaxed the rules so much that buisnesses were allowed to acumulate ENOUMOUS debt, and places like credit card companies are allowed to charge interest rates on "loans" that made the FBI want Capone put in jail over (he was considered a criminal for 20% interest rates). If we throw $$ at them w/o any regulations, the money will evaporate in their lame-arse excuse of "looking for talent".

Now while I do not want our government running everything, I think a more transparent version of what they did to save the S+L deal a while back would be appropriate. Public ownership, with clauses in it to be able to buy-back the shares when the cash was available.

But somehow people think that this is wrong?

The fact is that we can't do nothing, because the impact from these bottom-biters falling would hurt many more that had NOTHING TO DO WITH THEM. As was evidenced by, was it Lehmen Bros or Shearing?, as evidenced by others allowed to fall, the reverberations could grind some people into the dirt and prevent them from grabbing hold when things pick back up again.

So we have to do SOMETHING, and that always involves money.

The question in my mind is not necessarily what we should do. I think we are, partially, on the right track with that. The key is how do we keep them honest to the course we have been told about. How do we make sure our money (and it is our money) is well spent and we see a return on our investment?

[sholden]

Originally Posted by JG183

here's the text:

Buffett: bailout costs to be paid through inflation

Berkshire chairman says taxpayers aren't paying more

Other than all those tax payers who have bank accounts with US dollars in them. Own US treasuries, munis, or corporate bonds. Are on fixed incomes, and so on.

[JG183]

Originally Posted by Ninjahedge

You guys really know how to rant.

The whole thing is people are running around pointing fingers looking at who to blame rather than finding a solution.

exactly

Originally Posted by Ninjahedge

The whole tea-bag thing was a laughable farse of its original predecessors and those that organized it should really do a bit more historical research (like looking into the way the British treated others at the time) and the importance of the first Tea Party.

Fox News & Rush Limbaugh won't have any of that

Originally Posted by Ninjahedge

Certain projects ARE needed and WILL help us in the future.

how anyone can argue that our infrastructure does not need repair, is beyond me. of all places, NJ probably has the most road projects that are in dire need of attention, in the whole country...

[sholden]

Originally Posted by Ninjahedge

And no, they tried doing nothing in the first "great" depression (If you want, I can look up the reference) when the stimulus then seemed to work. What happened? As soon as the money stopped, the recession came back full force.

Please do look up the reference. Since they interfered from the beginning.

[At_Last_2009]

Originally Posted by ProudCapMarine

I've been in-touch with one of the organizers for the Morristown, New Jesey Tea Party and based on internet responses, New Jersey's Tea Parties will be successful. And they are just the start.

American Tea Party Anthem by Lloyd Marcus

Please turn on your computer's speakers

YouTube - American Tea Party Anthem (with words) by Lloyd Marcus

Tax Day Tea Party » New Jersey


If you still have questions, you can contact Jeff Weingarten at (973) 272-3341.


Draft Richard Codey for New Jersey Governor. Drop Corzine
<META KEYWORDS="Democratic, New Jersey, Draft Codey"> <title>Draft Codey for Governor

I have noticed that even local New Jersey political topics are being moved by moderators to the general political forum.

Why?

[BobKovacs]

Originally Posted by At_Last_2009

I have noticed that even local New Jersey political topics are being moved by moderators to the general political forum.

Why?

Because these aren't "local NJ political topics"- the Tea Parties are supposed to be in protest of national policies, not state policies. Just another statement showing that the average citizen doesn't even realize what these protests are about...