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Everything posted by bostonangler

  1. I'm glad to see folks are negging this lying piece of D.C. crap.. Kudos to you. B/A
  2. It’s an ironclad law of presidential primary politics: With increased success comes increased scrutiny. And it looks like Elizabeth Warren is about to get her turn in the hot seat. After fumbling a Native American DNA test — a misstep that threatened to overshadow her nascent campaign — the Massachusetts senator went on to enjoy a months-long streak of positive press coverage. Her debate opponents mostly declined to attack her, choosing to target frontrunner former Vice President Joe Biden instead. As a result, Warren ticked up steadily in the polls, week after week; now she ranks second nationally in an average of recent polls, a bit ahead of fellow progressive Sen. Bernie Sanders. Yet there are signs the honeymoon may be ending. The first clue came during last week’s ABC News debate, during which Biden, Sen. Amy Klobuchar and South Bend, Ind., Mayor Pete Buttigieg all explicitly criticized Warren’s support for Medicare for All, claiming that it would cost too much, that it would raise taxes on the middle class, and that it would force people off their private insurance. The more ominous development, however, is how Buttigieg in particular has decided to spend the week following the debate. Introducing his own health care proposal in a Thursday op-ed, Buttigieg took Warren and Sanders to task, by name, for wanting to “fli[p] a switch and kic[k] almost 160 million Americans off their private insurance, including 20 million seniors already choosing private plans within Medicare.” Then he implied that Warren in particular was not being “honest and straightforward about the details” of how she would pay for her plan. “Senator Warren is known for being straightforward and was extremely evasive when asked that question — and we have seen that repeatedly,” Buttigieg added Thursday in an interview with Jake Tapper. “People are used to Washington politicians not giving straight answers to simple questions. But at a time like this, on an issue this important, that’s exactly what we need.” The “kicking people off private insurance” argument certainly has some purchase among Democratic primary voters, which is why Democrats running to Warren’s right keep pushing it. A recent Kaiser Family Foundation poll, for instance, found that 55 percent of Democrats and Democratic-leaning independents prefer to vote for a candidate who intends to build on the Affordable Care Act, while only 40 percent prefer to vote for a candidate who wants to replace the ACA with Medicare for All. But the most interesting part of Buttigieg’s critique is the part about Warren’s character. On several occasions, Warren has refused, unlike Sanders, to say that she would raise taxes on middle-class Americans to pay for Medicare for All, insisting only that overall health care costs would go down with the elimination of premiums, copayments and deductibles. At this point, it’s clear that Warren is trying to avoid handing Republicans a general-election sound bite on tax increases. In other words, she’s acting like a politician. But that’s the thing: Warren has built her brand on being a nonpolitician — a middle-class fighter who came to Washington to make “big, structural change.” Buttigieg’s strategy here is simple. To have any chance of winning the nomination, he needs to overperform in Iowa, the first caucus state. Warren is leading or tied with Biden in the most recent polls; Buttigieg is hovering around third place. Warren voters and Buttigieg voters tend to overlap; they’re mostly college-educated and white. If he can “attack her strength” — in this case, her reputation as a no-holds-barred truth teller — perhaps he can sow some doubts, surprise people on caucus day and propel his campaign forward. “I think it’s puzzling that, when everybody knows the answer to that question of whether her plan and Senator Sanders’ plan will raise middle-class taxes is yes, why you wouldn’t just say so, and then explain why you think that’s the better way forward,” Buttigieg told Tapper. The big question now is twofold: Will other candidates follow Buttigieg’s lead and start to scrutinize not just Warren’s plans but also her character? And if so, how will Warren handle the new pressure? I can't believe she made it this far... The dems have nothing right now and the repubs are losing polls... Maybe a third party hero could emerge. B/A
  3. S&P 500 earnings per share decline for a second consecutive quarter, the first time that has happened in three years The S&P 500 is officially in an earnings recession for the first time in three years, and the trend is expected to get worse in the third quarter. The entirety of the S&P 500 index SPX, -0.49% has reported results for the second quarter, showing an average earnings drop of 0.35%. Components posted a 0.29% decline in earnings per share in the first quarter, marking the first period of back-to-back declines since the second quarter of 2016. Earnings recessions are typically categorized as two straight quarters of falling earnings. Analysts surveyed by FactSet currently project a steeper drop for the third quarter, with estimates calling for a 3.95% decline on average. Sentiment has worsened since the start of the year, as analysts had been projecting a 1.07% increase in third-quarter earnings as of late March. But they expect things to turn positive again in the holiday period, with expectations for 1.3% growth overall in the calendar year. Some of the worst-performing companies for the second quarter were in metals and mining, with earnings for that subsector down 76% on average amid falling prices and rising costs for companies like Freeport-McMoRan Inc. FCX, +0.19% . The materials sector overall saw a 17.88% decline, led by weakness in mining that’s projected to persist for another quarter Industrials were another negative area, though most of the sector’s 10.23% decline could be blamed on Boeing Co. BA, -1.31% , which swung to a big loss after its 737 Max jets were grounded. Building products and construction companies were other big contributors to the sector’s decline. Software and IT services were among the bright spots in the tech sector, but storage and semiconductors helped drive a 5.98% average earnings drop for information-technology companies. Chip companies had been calling for a second-half rebound heading into the latest round of earnings, but now some executives are a bit less confident. And looking ahead to the third quarter, analysts model a 30.81% drop in chip-sector earnings, steeper than the 25.38% drop experienced in the latest period. In all, five of the 11 S&P sectors saw earnings rise, led by health care and, particularly, insurers. Cigna Corp. CI, -2.02% witnessed a 72.42% rise in earnings, while Humana Inc. HUM, -0.41% grew profits by 49.84%. The other sectors to show profit growth were communication services, financials, real estate and utilities. Analysts expect the same five sectors that grew earnings in the second quarter to repeat that performance in the third quarter. The S&P 500 has ticked up 3.1% in the past three months. Looks like our economic genius is blowing it... He walked into the booming Obama economy and the results of his policies are taking hold.. B/A
  4. Lewandowski said it is his job to lie to the media. So we all know politicians lie. I guess Trump and company are no more than your average political bunch... Aren't you proud you support more liars? Nothing ever really changes in D.C. B/A
  5. Funny, we've broke high temperature records almost everyday this month... I'm talking all time records. So whatever is causing it, there is no question the earth is heating up and we need to do more to slow it down, or your grandkids are going to be like prunes. It is so bad, there is one casualty happening that might get the attention of even you... Chocolate is in danger. That's right the coca bean can only grow in very uniform conditions and those conditions are changing... We might run out of chocolate and that my friend would be a crisis. B/A
  6. CL... I agree. I have written about my personal experience when I worked for a congressman's election. He was a broke down real estate agent living in a modest home when he got elected. When he ran for his second term, he was living in a mansion. If you have read my posts, you would know I think politicians on both sides of the aisle are crooked. And I agree with most people here, to fix the problem is to start with term limits. That's what Newt promised in 1996 and that was the platform my congressman won on when he was first elected. Americans believed Newt and his party were serious... They weren't, it was simply a talking point to get elected and it worked. Time to throw them all out and start fresh. B/A
  7. How am I assuming? That's what he said... It's time for his followers to actually listen to his spoken words and not their unicorn fantasies. B/A
  8. Donald Trump listed $1.2 billion of losses on his tax filings from 1985 to 1994, according to a blockbuster report released by the New York Times Tuesday. Those were high-flying years for Trump, then a young, brash businessman getting more headlines-per-square-foot than any other developer. In 1985, Trump appeared by himself on the Forbes 400 list of America’s richest people for the first time, after inventing a fake persona to lie about a transfer of wealth from his father. Forbes fell for that ruse—taking Fred Trump off the list and listing Donald alone. But five years later, we published an explosive story, uncovering the trouble brewing inside Trump’s empire. Leaning on nonpublic documents, Forbes writers Richard L. Stern and John Connolly identified the same sort of profitability problems that are still making headlines 29 years later. Forbes took Donald Trump off its list for the first time that year, explaining that a “decline in Atlantic City gaming revenues, unmasking of misstated asset values, declining real estate values and massive debt may have put The Donald within hailing distance of zero.” Page 1 / 29 Continue B/A
  9. So where does that put Don the Con and most of his staff? I see more indictments coming for the most indicted administration in American history. B/A
  10. Laws are not party affiliated... They are what they are. And no one is above them, not even Trump... B/A
  11. Yeah CNN and Trumps poll numbers... Note any trend from June to August? B/A
  12. Yeah I guess a Harvard Law professor has no idea about the law... #Donthecon B/A
  13. Usually, when you move on from a job, the incredibly irritating aspects of former colleagues turn into foibles on which burnished anecdotes hinge on. You treat them more kindly in retrospect, now that you don't have to breathe the same air as them eight hours a day. It functions like entropy, but specifically for people who heat fish up in the microwave. Donald Trump apparently does not enjoy that effect. His ghostwriter on The Art of the Deal, Tony Schwartz, told Reddit during an Ask Me Anything session that the president is "the most purely evil human being" Schwartz has ever met. "I believe deeply that most people are better than their worst behaviours," he wrote. "I also believe there are some who are simply irredeemable and evil. [Psychiatrist and author] Scott Peck called them 'People of the Lie'. They lack any conscience, as Trump does, and so they're almost purely evil. Trump is the most purely evil human being I've ever met, and also the most insecure." The worst thing about working with Trump? "The shortness of his attention span and his utter lack of interest in anything but himself." Schwartz has spent the last few years doing a very public form of penance for helping to build the edifice of Trump as a master businessman by dragging him at every opportunity. He added that the biggest change in Trump since the time Schwartz worked with him was that he'd become more rabidly horrible. "If he had any ideology when I met him, it was faintly libertarian," Schwartz said. "As in: You do whatever you want to to do so long as it doesn't get in the way of my doing whatever the hell I want to do. In the last few years I believe he has moved relentlessly to the right. He's become more nativist, racist, narrow-minded and he's now just a shade to the right of Attila the Hun." Any more for any more? "I never saw him read a book, and other than The Art of the Deal, I suspect he's never read a book in his adult life," Schwartz said. "As for comprehension for what he does read, I'd say it's early high school level. To judge his writing level, read his tweets, particularly the angrier ones, which is most, and which he writes himself. His way of communicating is very primitive." How well do you know your president? B/A
  14. Hey if you like Donald's idea of zero percent rates, you have to admit you loved Obama.. Thanks for clearing that up. B/A
  15. Donald wants zero to negative rates... He is complaining because the Fed didn't cut the rate enough... He really doesn't know what he's doing, except when it comes to breaking the law. He's got that down to a science, but like most criminals, he isn't smart enough to get away with it and the clock is running. Even the conservative members of his party are distancing themselves... B/A
  16. That's because the economy is so good. Because our policies are genius and stable.... LOL Sounds like history repeating itself... B/A
  17. So I guess you guys are good with over an additional TRILLON dollars of debt in 9 months, increased government spending, zero to negative rates, bailouts, printing more money and the Fed propping up over-valued markets? How very Obama of you. B/A
  18. Pitcher, I know you understand what's going on... Slashing rates, injecting capital, printing money and propping up the markets today at the same time Powell is speaking about another rate cut. Greg gets kookie, but he does have a point. Why is the Fed doing all the same things they did in 2007 if our economy is so great? The Fed said the same thing today they said in September 07 when they cut rates. Right before the big crash... "We don't expect a recession". Then in December the bottom fell out. We are seeing the same thing they did with Obama... Trying to stop what most economic experts are telling you. Debt for both government and consumers is higher than 07. Government spending is out of control. Trade policies are unsustainable. People need to protect what they have. You know it, and a lot of other people need to know it. Our president is actually calling for negative interest rates. I don't think most people really understand what that means to their savings and 401Ks and Money Markets they plan to live off of when they retire. B/A
  19. Thanks chief... For some reason I have a hankering for some Beef Chow Mein. B/A
  20. The fall of the Roman Republic was brought about by oligarchs who ingeniously diverted public funds into wars and projects from which they had profited massively and then used more public funds to give free bread to the people who became impoverished as a consequence of their actions, obtaining their votes and ultimately creating an openly authoritarian power structure. The parallel is all too real, only the global oligarchic power structure is still unrevealed, it has not yet formalize B/A
  21. This is from 5 years ago. It is more relevant today than ever. It might be a bit deep, but it will be enlightening for some... I hope this breaks through some of the barriers so the bigger picture becomes clear. Inherited capital is real, and it is for the few, not the many. B/A
  22. We'll see. Mike Pompeo just went over to get his orders from the Saudi Royal Family.. B/A
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